Scheme

Nippon India Arbitrage Fund

Holds 162 companies worth ₹11,709 Cr in Sept 2026.

Fund house
NipponThe fund house that runs this scheme.
AUM
₹17,216 CrNippon India Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.8% on Aug 2026, ₹17,533 Cr.
Largest holding
Reliance IndustriesReliance Industries is 4.8% of this scheme's NAV.
Fund manager
Rohit Hashmukh ShahRuns it since 1 Apr 2024, as the fund house dates it. With Vikash Agarwal (fund manager), Nemish Sheth (fund manager).

Holdings^{(Oct 2012 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	162 companies ·	₹ Cr
	Reliance Industries	832
	HDFC Bank	796
	ICICI Bank	726
	Axis Bank	422
	State Bank of India	348
	JSW Steel	312
	Bajaj Finance Limited	295
	MARUTI SUZUKI INDA LIMITED	244
	Tata Steel Limited	232
	Idea Cellular	230
	Adani Enterprises	227
	Larsen and Toubro	226
	Canara Bank	201
	STEEL AUTHORITY INDIA LTD	191
	Kotak Mahindra Bank Limited	187
	Adani Energy Solutions Limited	180
	Jio Financial Services Limited	177
	AU Small Finance Bank Limited	165
	Glenmark Pharmaceuticals	164
	Coal India	159
	Bharti Airtel Limited	157
	Manappuram Finance Limited	148
	Ambuja Cement	132
	Cummins India	130
	Hindalco Industries	130
	TVS Motor Co Ltd	124
	Infosys	117
	Bharti Infratel	104
	IndusInd Bank	104
	Info Edge India Limited	97.1
	APL Apollo Tubes	97
	NMDC	90.2
	Mahindra and Mahindra Limited	87
	Yes Bank Limited	86.5
	One 97 Communications Limited	83.7
	Eicher Motors	82.5
	LIC of India Ltd	80.5
	Punjab National Bank	80.1
	Adani Green Energy Limited	78.9
	Hindustan Zinc	78.6
	ITC	78.6
	Bank of Baroda	77.6
	Marico	77.4
	UltraTech Cement Limited	77.3
	Bharat Heavy Electricals	75.7
	Federal Bank	74.9
	IDFC Bank Limited	71.1
	Sun Pharmaceutical Ind Ltd	70.6
	Patanjali Foods Limited	66.3
	Godrej Properties	66

Reliance Industries
HDFC Bank

Market value of each ticked company in Nippon India Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	Reliance Industries	HDFC Bank
Sept 2025	₹805 Cr	₹464 Cr
Oct 2025	₹626 Cr	₹319 Cr
Nov 2025	₹617 Cr	₹447 Cr
Dec 2025	₹574 Cr	₹511 Cr
Jan 2026	₹512 Cr	₹909 Cr
Feb 2026	₹482 Cr	₹831 Cr
Mar 2026	₹405 Cr	₹757 Cr
Apr 2026	₹417 Cr	₹877 Cr
May 2026	₹749 Cr	₹952 Cr
Jun 2026	₹804 Cr	₹923 Cr
Jul 2026	₹774 Cr	₹739 Cr
Aug 2026	₹738 Cr	₹783 Cr
Sept 2026	₹832 Cr	₹796 Cr

Fig. 1.Market value of each ticked company in Nippon India Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	85	50.37

Mid Cap	62	13.71

Small Cap	14	2.59

Other equity	1	1.35

Cash & others		31.98

Sectors

Companies

Fig. 2.This scheme's holdings, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

Buying and selling, month by month^{(Oct 2025 – Sept 2026)}

Buying and selling, month by month. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Portfolio^{(Sept 2026)}

Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures. Click a column's header to sort by it.

Reliance Industries	Equity	Petroleum Products	70.1L	832	4.83
HDFC Bank	Equity	Banks	1.12Cr	796	4.62
ICICI Bank	Equity	Banks	54.9L	726	4.21
Axis Bank	Equity	Banks	34.4L	422	2.45
State Bank of India	Equity	Banks	36.2L	348	2.02
JSW Steel	Equity	Ferrous Metals	24.9L	312	1.81
Bajaj Finance Limited	Equity	Finance	30.7L	295	1.71
MARUTI SUZUKI INDA LIMITED	Equity	Automobiles	2.04L	244	1.42
Tata Steel Limited	Rights	Ferrous Metals	1.26Cr	232	1.35
Idea Cellular	Equity	Telecom - Services	17.8Cr	230	1.34
Adani Enterprises	Equity	Metals & Minerals Trading	7.82L	227	1.32
Larsen and Toubro	Equity	Construction	6L	226	1.31
Canara Bank	Equity	Banks	1.69Cr	201	1.17
STEEL AUTHORITY INDIA LTD	Equity	Ferrous Metals	1.05Cr	191	1.11
Kotak Mahindra Bank Limited	Equity	Banks	44.8L	187	1.09
Adani Energy Solutions Limited	Equity	Power	13.7L	180	1.04
Jio Financial Services Limited	Equity	Finance	81.7L	177	1.03
AU Small Finance Bank Limited	Equity	Banks	16.4L	165	0.96
Glenmark Pharmaceuticals	Equity	Pharmaceuticals & Biotechnology	7.02L	164	0.95
Coal India	Equity	Consumable Fuels	37.3L	159	0.92
Bharti Airtel Limited	Equity	Telecom - Services	8.93L	157	0.91
Manappuram Finance Limited	Equity	Finance	46.8L	148	0.86
Ambuja Cement	Equity	Cement & Cement Products	35.3L	132	0.77
Cummins India	Equity	Industrial Products	2.73L	130	0.76
Hindalco Industries	Equity	Non - Ferrous Metals	13.8L	130	0.76
TVS Motor Co Ltd	Equity	Automobiles	3.01L	124	0.72
Infosys	Equity	IT - Software	11.8L	117	0.68
Bharti Infratel	Equity	Telecom - Services	27.9L	104	0.60
IndusInd Bank	Equity	Banks	11.5L	104	0.60
Info Edge India Limited	Equity	Retailing	7.96L	97.1	0.56
APL Apollo Tubes	Equity	Industrial Products	4.43L	97	0.56
NMDC	Equity	Minerals & Mining	1.18Cr	90.2	0.52
Mahindra and Mahindra Limited	Equity	Automobiles	2.95L	87	0.51
Yes Bank Limited	Equity	Banks	4.13Cr	86.5	0.50
One 97 Communications Limited	Equity	Financial Technology (Fintech)	4.99L	83.7	0.49
Eicher Motors	Equity	Automobiles	1.15L	82.5	0.48
LIC of India Ltd	Equity	Insurance	20.4L	80.5	0.47
Punjab National Bank	Equity	Banks	70.9L	80.1	0.47
Adani Green Energy Limited	Equity	Power	6.17L	78.9	0.46
Hindustan Zinc	Equity	Non - Ferrous Metals	13.9L	78.6	0.46
ITC	Equity	Diversified FMCG	29.9L	78.6	0.46
Bank of Baroda	Equity	Banks	33.6L	77.6	0.45
Marico	Equity	Agricultural Food & other Products	9.85L	77.4	0.45
UltraTech Cement Limited	Equity	Cement & Cement Products	70.6K	77.3	0.45
Bharat Heavy Electricals	Equity	Electrical Equipment	18.2L	75.7	0.44
Federal Bank	Equity	Banks	23.6L	74.9	0.44
IDFC Bank Limited	Equity	Banks	87.3L	71.1	0.41
Sun Pharmaceutical Ind Ltd	Equity	Pharmaceuticals & Biotechnology	3.89L	70.6	0.41
Patanjali Foods Limited	Equity	Agricultural Food & other Products	18.3L	66.3	0.38
Godrej Properties	Equity	Realty	4.05L	66	0.38
Indian Hotels Co	Equity	Leisure Services	8.9L	64.9	0.38
Muthoot Finance Limited	Equity	Finance	2.31L	63.2	0.37
Hindustan Unilever	Equity	Diversified FMCG	3.32L	62.5	0.36
Coforge Limited	Equity	IT - Software	3.53L	61.7	0.36
Crompton Greaves Cons Electrical Ltd	Equity	Consumer Durables	27.4L	57.3	0.33
Asian Paints	Equity	Consumer Durables	2.37L	56.8	0.33
Biocon	Equity	Pharmaceuticals & Biotechnology	15.2L	56.4	0.33
Varun Beverages Limited	Equity	Beverages	13L	56.3	0.33
GE Vernova T D India Limited	Equity	Electrical Equipment	1.33L	55.7	0.32
Divi s Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	59.6K	55.4	0.32
Tata Consumer Products Limited	Equity	Agricultural Food & other Products	5.83L	55.4	0.32
Indian Oil Corp Ltd	Equity	Petroleum Products	41L	55.3	0.32
Bandhan Bank Limited	Equity	Banks	30.3L	54	0.31
Grasim Industries	Equity	Cement & Cement Products	1.75L	53.6	0.31
SUPREME INDUSTIRES LTD	Equity	Industrial Products	1.51L	52.1	0.30
Power Finance Corporation	Equity	Finance	15.6L	50.9	0.30
Cipla	Equity	Pharmaceuticals & Biotechnology	3.68L	49.6	0.29
Adani Power Limited	Equity	Power	24.2L	49.4	0.29
SBI Life Insurance Co Ltd	Equity	Insurance	2.73L	46.3	0.27
Container Corporation of India Limited	Equity	Transport Services	10.3L	46.1	0.27
Kalyan Jewellers India Limited	Equity	Consumer Durables	8.06L	44.6	0.26
HDFC Life Insurance Co Ltd	Equity	Insurance	8.55L	44.6	0.26
Fortis Healthcare Limited	Equity	Healthcare Services	5.77L	44.5	0.26
HDFC Asset Management Co Ltd	Equity	Capital Markets	1.82L	41.5	0.24
Bosch	Equity	Auto Components	8.43K	39.7	0.23
Alkem Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	75.8K	39.1	0.23
NTPC	Equity	Power	11.9L	38.5	0.22
Tata Power Co	Equity	Power	10.5L	37.6	0.22
Tata Motors	Equity	Automobiles	12.4L	35.1	0.20
Hero MotoCorp	Equity	Automobiles	65.3K	34.2	0.20
LIC Housing Finance	Equity	Finance	6.28L	33.3	0.19
Solar Industries India	Equity	Chemicals & Petrochemicals	16.3K	32.1	0.19
Cholamandalam DBS Finance	Equity	Finance	1.93L	31.3	0.18
Ashok Leyland	Equity	Agricultural, Commercial & Construction Vehicles	20.2L	31.1	0.18
HCL Technologies	Equity	IT - Software	2.38L	29.2	0.17
Laurus Labs Limited	Equity	Pharmaceuticals & Biotechnology	1.43L	28.3	0.16
ICICI Prudential Life Insurance Co Ltd	Equity	Insurance	5.8L	25.7	0.15
Eternal Limited	Equity	Retailing	8.03L	25.7	0.15
Hitachi Energy India Limited	Equity	Electrical Equipment	8.18K	25	0.15
Torrent Pharmaceuticals Limited	Equity	Pharmaceuticals & Biotechnology	51.6K	24.8	0.14
PNB Housing Finance Limited	Equity	Finance	2.15L	24.1	0.14
Ratnakar Bank Limited	Equity	Banks	5.91L	23.8	0.14
Apollo Hospitals Enterprise Limited	Equity	Healthcare Services	29K	23.7	0.14
Delhivery Limited	Equity	Transport Services	5.75L	23.6	0.14
Voltas	Equity	Consumer Durables	2.18L	23.4	0.14
Titan Co Ltd	Equity	Consumer Durables	49.7K	22.8	0.13
Aurobindo Pharma	Equity	Pharmaceuticals & Biotechnology	1.36L	22.7	0.13
Bharat Petroleum Corp Ltd	Equity	Petroleum Products	7.41L	22.5	0.13
Bank of India	Equity	Banks	16.8L	21.9	0.13
Hindustan Aeronautics Limited	Equity	Aerospace & Defense	44K	20.5	0.12
JSW Energy	Equity	Power	4.12L	20.4	0.12
Aditya Birla Capital Limited	Equity	Finance	5.24L	19.9	0.12
Sagility India Limited	Equity	IT - Services	45L	19.2	0.11
Tata Consultancy Services	Equity	IT - Software	92.5K	19	0.11
Bajaj Auto	Equity	Automobiles	17.2K	18.7	0.11
Shriram Finance Limited	Equity	Finance	1.82L	17.9	0.10
Oil and Natural Gas Corporation Limited	Equity	Oil	7.9L	17.8	0.10
Phoenix Mills Limited	Equity	Realty	87.2K	16.9	0.10
Interglobe Aviation Limited	Equity	Transport Services	33.6K	16.8	0.10
Trent	Equity	Retailing	63.2K	16.6	0.10
PG Electroplast Limited	Equity	Consumer Durables	3.26L	16.1	0.090
ICICI Lombard General Insurance Co	Equity	Insurance	94.6K	15	0.090
Union Bank of India	Equity	Banks	8.76L	15	0.090
National Building Construction Corp	Equity	Construction	18.5L	14.5	0.080
SBI Cards and Payment Services Limited	Equity	Finance	2.49L	14.4	0.080
Bajaj Finserv Limited	Equity	Finance	80.1K	13.9	0.080
Lupin	Equity	Pharmaceuticals & Biotechnology	68K	13.8	0.080
Swiggy Limited	Equity	Retailing	5.51L	13.8	0.080
Dabur India Ltd	Equity	Personal Products	3.5L	13.3	0.080
Bharat Electronics	Equity	Aerospace & Defense	3.31L	12.8	0.070
Motherson Sumi Systems	Equity	Auto Components	7.75L	12.7	0.070
Angel One Limited	Equity	Capital Markets	4.35L	11.9	0.070
SRF	Equity	Chemicals & Petrochemicals	45.8K	11.3	0.070
Nestle India	Equity	Food Products	82.5K	10.8	0.060
ADANI PORT AND SPECIAL ECONOMIC ZONE LTD	Equity	Transport Infrastructure	57K	10.3	0.060
Colgate Palmolive I Ltd	Equity	Personal Products	56.4K	9.9	0.060
Bank of Maharashtra	Equity	Banks	12L	9.5	0.060
Bharat Forge	Equity	Auto Components	47.5K	9.2	0.050
Inox Wind Limited	Equity	Electrical Equipment	13L	9	0.050
Prestige Estate Project	Equity	Realty	60.8K	9	0.050
GAIL India	Equity	Gas	5.04L	8.6	0.050
Tech Mahindra	Equity	IT - Software	56.4K	8.6	0.050
Jindal Steel and Power Limited	Equity	Ferrous Metals	75.6K	8.6	0.050
Sesa Goa	Equity	Diversified Metals	3.11L	8	0.050
Bajaj Holdings and Investment Ltd	Equity	Finance	7.2K	7.8	0.050
Birlasoft Limited	Equity	IT - Software	1.48L	7.4	0.040
Suzlon Energy Limited	Equity	Electrical Equipment	17L	6.7	0.040
Ather Energy Limited	Equity	Automobiles	43.9K	6.3	0.040
Tube Investments of India Ltd	Equity	Auto Components	26.2K	6.2	0.040
FSN E Commerce Ventures Limited	Equity	Retailing	1.88L	6	0.030
PB Fintech Limited	Equity	Financial Technology (Fintech)	55.3K	5.9	0.030
Page Industries	Equity	Textiles & Apparels	1.58K	5.8	0.030
Avenue Supermarts Limited	Equity	Retailing	13.8K	5.3	0.030
Radico Khaitan Limited	Equity	Beverages	12K	5.2	0.030
Hindustan Petroleum Corp Ltd	Equity	Petroleum Products	1.42L	5	0.030
CG Power and Industrial Solutions Limited	Equity	Electrical Equipment	49.3K	4.2	0.020
Lodha Developers Limited	Equity	Realty	33.8K	3.8	0.020
Polycab India Limited	Equity	Industrial Products	4.38K	3.5	0.020
National Aluminium Co Ltd	Equity	Non - Ferrous Metals	80.6K	2.8	0.020
Minda Industries Limited	Equity	Auto Components	20.4K	2.4	0.010
MphasiS	Equity	IT - Software	7.98K	1.7	0.010
United Spirits	Equity	Beverages	11.2K	1.5	0.010
Oberoi Realty	Equity	Realty	7.7K	1.4	0.010
GMR Airport Ltd	Equity	Transport Infrastructure	1.19L	1.1	0.010
United Phosphorous	Equity	Fertilizers & Agrochemicals	19K	1	0.010
ABB	Equity	Electrical Equipment	1K	0.68	0.00
Max Financial Services Limited	Equity	Insurance	4.8K	0.66	0.00
Britannia Industries	Equity	Food Products	625	0.3	0.00
Pidilite Industries	Equity	Chemicals & Petrochemicals	1.5K	0.22	0.00
Cadila Healthcare	Equity	Pharmaceuticals & Biotechnology	900	0.1	0.00
DLF	Equity	Realty	950	0.06	0.00
Oil India	Equity	Oil	1.4K	0.06	0.00

Fig. 4.Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures.