Scheme

Tata Arbitrage Fund

Holds 153 companies worth ₹15,885 Cr in Sept 2026.

Fund house
TataThe fund house that runs this scheme.
AUM
₹24,539 CrTata Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.6% on Aug 2026, ₹24,950 Cr.
Largest holding
HDFC BankHDFC Bank is 7.9% of this scheme's NAV.
Fund manager
Sailesh JainRuns it since 10 Dec 2018, as the fund house dates it.

Overview^{(9 Oct 2026)}

Fund managers1

Sailesh JainFund manager · Dec 2018 · 23y · MBA B.Com

Key facts

Benchmark: Nifty 50 Arbitrage Index
Risk: Low
Expense: Regular 2.29% · Direct 1.61%
Exit load: 0.25 % of the applicable NAV, if redeemed/ switched out/withdrawn on or before expiry of 15 Days from the date of allotment.
Started: 18 Dec 2018
Minimum: ₹5,000

Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

What changed^{(6 changes)}

Sept 2026

1 change

Expense ratio
11 SeptRegular 2.39% → 2.38%Direct 1.71% → 1.7%

Aug 2026

1 change

Expense ratio
13 AugRegular 1.91% → 2.39%Direct 1.14% → 1.71%

Apr 2026

2 changes

Exit load
29 AprExit Load: 0.25 % of the applicable NAV, if redeemed/switched out/withdrawn on or before expiry of 30 Days from the date of allotment. → 0.25 % of the applicable NAV, if redeemed/ switched out/withdrawn on or before expiry of 15 Days from the date of allotment.
Expense ratio
29 AprRegular 1.08% → 1.91%Direct 0.31% → 1.14%

Source.Its filings at NSE, since Mar 2025.

Fund managers over time^{(Dec 2018 – now)}

Sailesh Jain

MainCoSlice20192020202120222023202420252026

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^{(Mar 2025 – Oct 2026)}

Every change to the expense ratio, newest first.
6 changes	Regular	Direct	Δ pt
11 Sept 2026	2.38%	1.70%	0.01
13 Aug 2026	2.39%	1.71%	0.57
29 Apr 2026	1.91%	1.14%	0.83
27 Feb 2026	1.08%	0.31%	0
30 Dec 2025	1.09%	0.31%	0
31 Mar 2025	1.08%	0.31%	–

Direct plan, 11 Sept 2026

1.70%

Regular plan 2.38% · Exit load 0.25 % of the applicable NAV, if redeemed/ switched out/withdrawn on or before expiry of 15 Days from the date of allotment.

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^{(9 Oct 2026)}

Objective

The investment objective of the Scheme is to seek to generate reasonable returns by investing predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

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

65- 100, Debt, Money market instruments and cash (including units of liquid schemes of Tata Mutual Fund) 0- 35. If suitable arbitrage opportunities are not available in the opinion of the Investment manager, the Scheme may hedge the equity portfolio by using derivatives or may invest in short term debt / money market instruments Equity and equity related securities and equity derivatives$
Allowed0–65%
Exposure in debt instruments in CDs, government securities with maturities upto 1 year, mutual fund units of liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements
Allowed35–100%

Holds in Sept 2026.64.8% equity · 35.2% debt and cash

How to invest^{(9 Oct 2026)}

Buying

To start: ₹5,000, then in multiples of ₹1
To add: ₹1,000, then in multiples of ₹1
Most: Not Applicable.
Systematic: SIP-- Monthly/Monthly/Quarterly/Quarterly/Weekly/Daily (Business Days) ;STP --Monthly/Quarterly/Weekly/Daily (Business Days) ;SWP --Monthly/Quarterly/Half-yearly/Yearly
Dates: SIP-- Any day/Any day/Any day/Any day/Monday-Friday/All Business Days ;STP --Any day/Any day/Monday-Friday/All Business Days ;SWP --Any day/Any day/Any day/Any day
Minimum: SIP-- 150.00/1,000.00/1,000.00/1,500.00/150.00/150.00 ;STP --500.00/500.00/500.00/500.00 ;SWP --500.00/500.00/500.00/500.00, then sIP-- 1.00/1.00/1.00/1.00/1.00/1.00 ;STP --1.00/1.00/1.00/1.00 ;SWP --1.00/1.00/1.00/1.00
Instalments: SIP-- 12 Instalments/6 instalments/6 instalments/4 instalments/12 instalments/12 instalments ;STP --500.00 to 999.00 - 12 instalments; 1,000.00 to 1,999.00 - 6 instalments; 2,000.00 and more - 3 instalments ;SWP --1.00/1.00/1.00/1.00
Most: SIP-- 999.00/Not Applicable/Not Applicable/Not Applicable/Not Applicable/Not Applicable ;STP --Not Applicable/Not Applicable/Not Applicable/Not Applicable ;SWP --Not Applicable/Not Applicable/Not Applicable/Not Applicable

Selling and switching

To redeem: ₹500 or 50 units
Minimum balance: No mimimum balance required or No mimimum unit balance required units
Switch minimum: For all units there is no minimum switch amount. or For all units there is no minimum switch units. units
Switch multiples: Not Applicable. or Not Applicable. units
Switch most: Not Applicable. or Not Applicable. units

Scheme details^{(9 Oct 2026)}

What it is

Category: Arbitrage Fund
Offer: 10 Dec 2018 to 17 Dec 2018
Started: 18 Dec 2018
Reopened: 19 Dec 2018
Plans: Tata Arbitrage Fund-Regular Plan-Growth · Tata Arbitrage Fund-Direct Plan-Growth · Tata Arbitrage Fund-Regular Plan-IDCW Monthly · Tata Arbitrage Fund-Direct Plan-IDCW Monthly
Face value: ₹10
Listed: No

How it is run

Swing pricing: No
Side-pocketing: No
Custodian: ICICI Bank LTD
Auditor: S.R. Batliboi & CO. LLP
Registrar: Computer Age Management Services Limited
SEBI code: TATA/O/H/ARB/18/06/0030