Scheme

Parag Parikh Arbitrage Fund

Holds 75 companies worth ₹1,858 Cr in Sept 2026.

Fund house
PPFASThe fund house that runs this scheme.
AUM
₹2,750 CrParag Parikh Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.8% on Aug 2026, ₹2,799 Cr.
Largest holding
HDFC BankHDFC Bank is 6.4% of this scheme's NAV.
Fund manager
Raj MehtaRuns it since 2 Nov 2023, as the fund house dates it. With Rajeev Thakkar (fund manager), Raunak Onkar (fund manager), Rukun Tarachandani (fund manager), Aishwarya Dhar (fund manager), Tejas Soman (fund manager).

Holdings^{(Nov 2023 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	75 companies ·	₹ Cr
	HDFC Bank	176
	ICICI Bank	170
	Canara Bank	145
	Reliance Industries	132
	Axis Bank	124
	Bharti Airtel Limited	121
	Kotak Mahindra Bank Limited	103
	Bharat Heavy Electricals	81.8
	State Bank of India	65.4
	IDFC Bank Limited	61.7
	Tata Steel Limited	56.8
	Bharat Electronics	47.3
	UltraTech Cement Limited	46.5
	NMDC	42.3
	Bandhan Bank Limited	40.2
	Eicher Motors	31.9
	Punjab National Bank	28.5
	Sun Pharmaceutical Ind Ltd	27.2
	Hindustan Aeronautics Limited	26.1
	LIC of India Ltd	25.6
	Bank of Baroda	21.4
	Bajaj Finance Limited	18.2
	Indian Hotels Co	16
	National Building Construction Corp	15.8
	Mahindra and Mahindra Limited	14.8
	Glenmark Pharmaceuticals	13
	GMR Airport Ltd	12.9
	Biocon	12.2
	NTPC	12.2
	Coal India	11.7
	STEEL AUTHORITY INDIA LTD	11.3
	Jio Financial Services Limited	10.9
	Bharti Infratel	10.7
	Varun Beverages Limited	10.4
	LIC Housing Finance	9.5
	ITC	9.2
	Aditya Birla Capital Limited	8.9
	DLF	8
	JSW Steel	7.3
	Tata Power Co	5.9
	Hindalco Industries	5.9
	Cipla	5.8
	Dabur India Ltd	4.8
	Crompton Greaves Cons Electrical Ltd	4.1
	Divi s Laboratories Limited	4
	Aurobindo Pharma	3.9
	PNB Housing Finance Limited	2.8
	Coforge Limited	2.7
	Infosys	2.6
	Inox Wind Limited	2.6

HDFC Bank
ICICI Bank

Market value of each ticked company in Parag Parikh Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	HDFC Bank	ICICI Bank
Sept 2025	₹67.6 Cr	₹47.2 Cr
Oct 2025	₹70.2 Cr	₹52.2 Cr
Nov 2025	₹90.3 Cr	₹64.1 Cr
Dec 2025	₹98.8 Cr	₹93.6 Cr
Jan 2026	₹126 Cr	₹100 Cr
Feb 2026	₹140 Cr	₹101 Cr
Mar 2026	₹137 Cr	₹97.9 Cr
Apr 2026	₹145 Cr	₹118 Cr
May 2026	₹140 Cr	₹144 Cr
Jun 2026	₹157 Cr	₹158 Cr
Jul 2026	₹147 Cr	₹165 Cr
Aug 2026	₹164 Cr	₹167 Cr
Sept 2026	₹176 Cr	₹170 Cr

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

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	47	55.39

Mid Cap	21	7.36

Small Cap	6	2.72

Other equity	1	2.06

Cash & others		32.47

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.

HDFC Bank	Equity	Banks	24.8L	176	6.38
ICICI Bank	Equity	Banks	12.8L	170	6.17
Canara Bank	Equity	Banks	1.22Cr	145	5.28
Reliance Industries	Equity	Petroleum Products	11.1L	132	4.80
Axis Bank	Equity	Banks	10.1L	124	4.51
Bharti Airtel Limited	Equity	Telecom - Services	6.89L	121	4.40
Kotak Mahindra Bank Limited	Equity	Banks	24.8L	103	3.75
Bharat Heavy Electricals	Equity	Electrical Equipment	19.7L	81.8	2.97
State Bank of India	Equity	Banks	6.82L	65.4	2.38
IDFC Bank Limited	Equity	Banks	75.8L	61.7	2.24
Tata Steel Limited	Rights	Ferrous Metals	30.8L	56.8	2.06
Bharat Electronics	Equity	Aerospace & Defense	12.2L	47.3	1.72
UltraTech Cement Limited	Equity	Cement & Cement Products	42.5K	46.5	1.69
NMDC	Equity	Minerals & Mining	55.2L	42.3	1.54
Bandhan Bank Limited	Equity	Banks	22.6L	40.2	1.46
Eicher Motors	Equity	Automobiles	44.6K	31.9	1.16
Punjab National Bank	Equity	Banks	25.2L	28.5	1.04
Sun Pharmaceutical Ind Ltd	Equity	Pharmaceuticals & Biotechnology	1.5L	27.2	0.99
Hindustan Aeronautics Limited	Equity	Aerospace & Defense	56K	26.1	0.95
LIC of India Ltd	Equity	Insurance	6.48L	25.6	0.93
Bank of Baroda	Equity	Banks	9.3L	21.4	0.78
Bajaj Finance Limited	Equity	Finance	1.9L	18.2	0.66
Indian Hotels Co	Equity	Leisure Services	2.19L	16	0.58
National Building Construction Corp	Equity	Construction	20.1L	15.8	0.57
Mahindra and Mahindra Limited	Equity	Automobiles	50K	14.8	0.54
Glenmark Pharmaceuticals	Equity	Pharmaceuticals & Biotechnology	55.5K	13	0.47
GMR Airport Ltd	Equity	Transport Infrastructure	13.6L	12.9	0.47
Biocon	Equity	Pharmaceuticals & Biotechnology	3.3L	12.2	0.44
NTPC	Equity	Power	3.77L	12.2	0.44
Coal India	Equity	Consumable Fuels	2.74L	11.7	0.42
STEEL AUTHORITY INDIA LTD	Equity	Ferrous Metals	6.2L	11.3	0.41
Jio Financial Services Limited	Equity	Finance	5.03L	10.9	0.40
Bharti Infratel	Equity	Telecom - Services	2.87L	10.7	0.39
Varun Beverages Limited	Equity	Beverages	2.41L	10.4	0.38
LIC Housing Finance	Equity	Finance	1.79L	9.5	0.35
ITC	Equity	Diversified FMCG	3.48L	9.2	0.33
Aditya Birla Capital Limited	Equity	Finance	2.33L	8.9	0.32
DLF	Equity	Realty	1.19L	8	0.29
JSW Steel	Equity	Ferrous Metals	58.1K	7.3	0.26
Tata Power Co	Equity	Power	1.65L	5.9	0.22
Hindalco Industries	Equity	Non - Ferrous Metals	63K	5.9	0.22
Cipla	Equity	Pharmaceuticals & Biotechnology	43.4K	5.8	0.21
Dabur India Ltd	Equity	Personal Products	1.25L	4.8	0.17
Crompton Greaves Cons Electrical Ltd	Equity	Consumer Durables	1.98L	4.1	0.15
Divi s Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	4.3K	4	0.15
Aurobindo Pharma	Equity	Pharmaceuticals & Biotechnology	23.1K	3.9	0.14
PNB Housing Finance Limited	Equity	Finance	25.4K	2.8	0.10
Coforge Limited	Equity	IT - Software	15.2K	2.7	0.10
Infosys	Equity	IT - Software	26K	2.6	0.090
Inox Wind Limited	Equity	Electrical Equipment	3.71L	2.6	0.090
Multi Commodity Exchange of India Limited	Equity	Capital Markets	7.2K	2.4	0.090
ICICI Lombard General Insurance Co	Equity	Insurance	13.7K	2.2	0.080
Federal Bank	Equity	Banks	67.5K	2.1	0.080
Oil and Natural Gas Corporation Limited	Equity	Oil	87.8K	2	0.070
Godrej Properties	Equity	Realty	11.1K	1.8	0.070
Bajaj Finserv Limited	Equity	Finance	9K	1.6	0.060
Tata Motors	Equity	Automobiles	54.4K	1.5	0.060
Power Finance Corporation	Equity	Finance	44.2K	1.4	0.050
Yes Bank Limited	Equity	Banks	6.84L	1.4	0.050
Oberoi Realty	Equity	Realty	8.05K	1.4	0.050
Hindustan Unilever	Equity	Diversified FMCG	7.5K	1.4	0.050
Tata Consumer Products Limited	Equity	Agricultural Food & other Products	14.3K	1.4	0.050
Indian Oil Corp Ltd	Equity	Petroleum Products	97.5K	1.3	0.050
Marico	Equity	Agricultural Food & other Products	12K	0.94	0.030
Solar Industries India	Equity	Chemicals & Petrochemicals	350	0.69	0.030
Eternal Limited	Equity	Retailing	17K	0.54	0.020
Asian Paints	Equity	Consumer Durables	2.25K	0.54	0.020
AU Small Finance Bank Limited	Equity	Banks	5K	0.51	0.020
SBI Life Insurance Co Ltd	Equity	Insurance	2.25K	0.38	0.010
Power Grid Corporation of India	Equity	Power	9.5K	0.25	0.010
Fortis Healthcare Limited	Equity	Healthcare Services	3.1K	0.24	0.010
Torrent Pharmaceuticals Limited	Equity	Pharmaceuticals & Biotechnology	375	0.18	0.010
One 97 Communications Limited	Equity	Financial Technology (Fintech)	725	0.12	0.00
Cholamandalam DBS Finance	Equity	Finance	625	0.1	0.00
Larsen and Toubro	Equity	Construction	175	0.07	0.00

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