Bank of India Arbitrage Fund - Direct (IDCW-M)
Arbitrage FundNAV
13.10(0.03%)Fund Size (CR)
₹42.15Expense Ratio
0.38Scheme Type
Active FundValue Research
Min. investment
₹5,000Minimum Additional Investment
₹1,000Minimum SIP Investment
₹1,000Minimum Withdrawal
₹1,000Exit Load
0.5%Return Since Launch
5.15%
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
Nilesh Jethani
Bench Mark
Nifty 50 Arbitrage TRI
Type
OPEN
Lumpsum Returns
| Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
|---|---|---|---|---|---|---|
| 1 Week | 19 August 2025 | 10018.56 | 0.19% | - | 0.17% | 50/164 |
| 1 Month | 25 July 2025 | 10046.82 | 0.47% | - | 0.45% | 77/164 |
| 3 Month | 26 May 2025 | 10152.76 | 1.53% | - | 1.58% | 115/164 |
| 6 Month | 25 February 2025 | 10319.08 | 3.19% | - | 3.32% | 114/160 |
| 1 Year | 26 August 2024 | 10680.29 | 6.80% | 6.80% | 6.87% | 83/148 |
| 3 Year | 26 August 2022 | 12195.91 | 21.96% | 6.83% | 7.15% | 113/142 |
| 5 Year | 26 August 2020 | 12887.06 | 28.87% | 5.20% | 5.71% | 121/139 |
| Since Inception | 18 June 2018 | 14355.80 | 43.56% | 5.15% | 5.79% | 136/164 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 2 September 2024 | 1,20,000 | 136100.56 | 13.42% | 13.42% |
| 3 Year | 1 September 2022 | 3,60,000 | 438867.99 | 21.91% | 6.83% |
| 5 Year | 1 September 2020 | 6,00,000 | 768718.73 | 28.12% | 5.08% |
| 10 Year | - | - | - | - | - |
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
Mutual Funds Calculator
- Investment type
- Scheme based
- SIP
- Lumpsum
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
0.13%
Standard Deviation
0.68%
Beta
2.51%
Sharpe Ratio
-1.19%
Treynor's Ratio
-0.03%
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
| Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
|---|---|---|---|---|---|
| M & M | 4.10% | 5400 | 1.73 | Equity | Automobile |
| JSW Steel | 4.03% | 16200 | 1.70 | Equity | Steel |
| Sun Pharma.Inds. | 3.97% | 9800 | 1.67 | Equity | Pharmaceuticals |
| Max Healthcare | 3.72% | 12600 | 1.57 | Equity | Healthcare |
| Kotak Mah. Bank | 3.57% | 7600 | 1.50 | Equity | Banks |
| Bharti Airtel | 3.45% | 7600 | 1.45 | Equity | Telecomm-Service |
| CG Power & Ind | 3.20% | 20400 | 1.35 | Equity | Capital Goods - Electrical Equipment |
| Multi Comm. Exc. | 3.19% | 1750 | 1.35 | Equity | Financial Services |
| Hindalco Inds. | 2.95% | 18200 | 1.24 | Equity | Non Ferrous Metals |
| Axis Bank | 2.85% | 11250 | 1.20 | Equity | Banks |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Bank of India Arbitrage Fund - Direct (IDCW-M) | 42.15 | 0.47% | 1.53% | 3.19% | 6.80% | 6.83% | |
| Tata Arbitrage Fund - Direct (IDCW-M) | 17291.12 | 0.55% | 1.76% | 3.76% | 7.62% | 7.90% | |
| Tata Arbitrage Fund - Direct (IDCW-M) RI | 17291.12 | 0.55% | 1.76% | 3.76% | 7.62% | 7.90% | |
| Tata Arbitrage Fund - Direct (G) | 17291.12 | 0.55% | 1.76% | 3.76% | 7.62% | 7.82% | |
| ITI Arbitrage Fund - Direct (G) | 48.92 | 0.58% | 1.81% | 3.74% | 7.59% | 7.20% | |
| ITI Arbitrage Fund - Direct (IDCW) | 48.92 | 0.58% | 1.81% | 3.74% | 7.59% | 7.20% |
List of Schemes under Bank of India Mutual Fund
News
Bank of India Mutual Fund announces change in Key Personnel
Bank of India Mutual Fund has announced that Mr. Deep Mehta has been appointed as a Equity Dealer on the Board of the Trustee Company with effect from July 14, 2025.Details of Mr. Deep Mehta,
Age: 29
Designation: Equity Dealer
Qualification : ' CFA Level 3 (Cleared)
' CMT Level 3 (Cleared)
' B.Tech MechanicalExperience : 8 years
Powered by Capital Market - Live News
Bank of India Mutual Fund announces change in fund manager under its schemes
Bank of India Mutual Fund has announced change in fund manager under the following schemes, With effect from 14 July 2025Change in Fund Manager:
Name of the Scheme(s) Existing Fund Manager(s) New Fund Manager(s) Bank of India Arbitrage Fund Mr. Firdaus Ragina Mr. Nilesh Jethani Bank of India Small Cap Fund Mr. Alok Singh ' Mr. Alok Singh
' Mr. Nav Bhardwaj (Assistant Fund Manager)Powered by Capital Market - Live News
Bank of India Mutual Fund announces change in scheme name
Bank of India Mutual Fund has announced change in scheme name under the following schemes, with effect from July 22, 2025.Change in the name of the Scheme:
Existing Scheme Name Revised Scheme Name Bank of India Bluechip Fund Bank of India Large Cap Fund Bank of India Large & Mid Cap Equity Fund Bank of India Large & Mid Cap Fund Powered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
31 May 2018
Total AUM (Cr)
₹42.15
Bank of India Arbitrage Fund - Direct (IDCW-M) is an Arbitrage Fund-oriented fund from the renowned AMC, Bank of India Mutual Fund. Launched in 31 May 2018, this fund is managed by Nilesh Jethani. With assets under management (AUM) worth ₹42.15 (Cr), as of 28 August 2025, Bank of India Arbitrage Fund - Direct (IDCW-M) is categorized as a Arbitrage Fund within its segment. The fund has generated a return of 5.15% since its launch.
The current NAV of Bank of India Arbitrage Fund - Direct (IDCW-M) is ₹13.1, as on 28 August 2025. The fund's benchmark index is Nifty 50 Arbitrage TRI. You can invest in Bank of India Arbitrage Fund - Direct (IDCW-M) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1,000 while the minimum lumpsum investment is ₹5,000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Any Redemption/Switch out - would be subject to an exit load of 0.50%, if the units are redeemed/switched out within 15 days from the date of allotment of units. If the units are redeemed/switched out after 15 days from the date of allotment of units - NIL The fund has generated 6.83% and 5.20% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 70.25% in Equity, 11.40% in Debt and 18.35% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 71.38% in Cash & Others, 12.26% in Banks, 11.40% in Debt, 5.27% in Ferrous Metals, 4.61% in Automobiles