Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Arbitrage Fund

Holds 33 companies worth ₹205 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹305 CrLIC MF Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.8% on Aug 2026, ₹310 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 8.8% of this scheme's NAV.

  • Fund manager

    Pratik Harish ShroffRuns it since 26 Sept 2023, as the fund house dates it. With Sumit Bhatnagar (fund manager), Sasikant Aravamuthan (fund manager).

Overview(31 Aug 2026)

Fund managers3

  1. Pratik Harish ShroffFund manager, debt · Sept 2023
  2. Sumit BhatnagarFund manager, equity · Oct 2023
  3. Sasikant AravamuthanFund manager, equity · Jul 2026

    Key facts

    Benchmark
    Nifty 50 Arbitrage Index
    Risk
    Low
    Expense
    Regular 0.87% · Direct 0.29%
    Exit load
    0.25% within 1 month
    Started
    25 Jan 2019
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

    What changed(6 changes)

    Jul 2026

    1 change
    1. Sasikant Aravamuthan joined
      5 Julas fund manager (equity)

    Apr 2026

    1 change
    1. Expense ratio
      7 AprRegular 1% → 0.87%

    Dec 2025

    1 change
    1. Expense ratio
      28 DecDirect 0.3% → 0.29%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Sept 2023 – now)

    1. Pratik Harish Shroff
    2. Sumit Bhatnagar
    3. Sasikant Aravamuthan
    MainCoSlice202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Aug 2026)

    Every change to the expense ratio, newest first.
    6 changesRegularDirectΔ pt
    7 Apr 20260.87%0.29%0
    28 Dec 20251.00%0.29%0.01
    24 Oct 20251.00%0.30%0.01
    22 Jul 20250.99%0.29%0.05
    21 Oct 20240.99%0.34%0.03
    14 Aug 20240.97%0.31%–
    Direct plan, 7 Apr 2026
    0.29%
    Regular plan 0.87% · Exit load 0.25% within 1 month
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(31 Aug 2026)

    Objective

    The investment objective of the scheme is to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Low
    At launch
    Low
    Type
    An open ended scheme investing in arbitrage opportunities
    Benchmark
    Nifty 50 Arbitrage Index

    Asset allocation it may hold% of NAV

    1. Equities and equity related instrument, Derivatives including index futures, stock futures, index options & stock options,etc
      Allowed65–100%
    2. Exposure in debt instruments in CDs, government securities with maturities upto 1 year, mutual fund units of overnight, liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements, Exchange Traded Commodities Derivativities (ETCDs), Gold ETFs, Silver ETFs
      Allowed0–35%
    3. Equities and equity related instrument, Derivatives including index futures, stock futures, index options & stock options, etc
      Allowed0–65%
    4. Exposure in debt instruments in CDs, government securities with maturities upto 1 year, mutual fund units of overnight, liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements,Gold ETFs, Silver ETFs and Exchange Traded Commodities Derivativities (ETCDs)
      Allowed35–100%

    Holds in Sept 2026.67.4% equity · 32.6% debt and cash

    How to invest(31 Aug 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹500, then in multiples of ₹1
    Most
    No Limit
    Systematic
    SIP Details - Daily, Weekly, Monthly, Quarterly | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly | STP Details - Daily, Weekly, Monthly, Quarterly
    Dates
    SIP : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly & Yearly - Any date between 1st to 28th | STP : Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly & Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)
    Minimum
    SIP Details - 100,150, 200, 1000 |SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500, then sIP Details - 1 | SWP Details - 1 | STP Details - 1
    Instalments
    SIP Details - 60,40,30,6 |SWP Details - 6,4,4,4 | STP : 60,12,12,12
    Most
    SIP Details - No Limit | SWP Details - No Limit | STP Details - No Limit

    Selling and switching

    To redeem
    ₹500 or 1 units
    Minimum balance
    ₹500 or 0.001 units
    Switch minimum
    Switch - in: Rs.5000 and multiples of Rs. 1/- thereafter. Switch-out :Rs. 500 and multiples of Rs. 1/- thereafter or 0.001 units
    Switch multiples
    ₹1 or No Limit units
    Switch most
    No Limit or No Limit units

    Scheme details(31 Aug 2026)

    What it is

    Category
    Arbitrage Fund
    Offer
    4 Jan 2019 to 18 Jan 2019
    Started
    25 Jan 2019
    Reopened
    28 Jan 2019
    Plans
    Regular Plan-Weekly IDCW Reinv|Regular Plan- Monthly Payout|Regular Plan- Monthly Reinv|Regular Plan-Growth|Direct Plan-Weekly IDCW Reinv|Direct Plan- Monthly Payout|Direct Plan- Monthly Reinv|Direct Plan-Growth
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Standard Chartered Bank
    Auditor
    M/s. Deloite Haskins & Co LLP
    Registrar
    KFin Technologies Ltd
    SEBI code
    LICM/O/H/ARB/18/08/0022