Bank of India Arbitrage Fund - Direct (IDCW-M)
Arbitrage FundNAV
13.05(0.05%)Fund Size (CR)
₹43.43Expense 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 | 28 July 2025 | 10018.07 | 0.18% | - | 0.15% | 14/164 |
| 1 Month | 4 July 2025 | 10047.76 | 0.48% | - | 0.46% | 58/164 |
| 3 Month | 2 May 2025 | 10138.61 | 1.39% | - | 1.48% | 128/164 |
| 6 Month | 4 February 2025 | 10315.74 | 3.16% | - | 3.29% | 113/160 |
| 1 Year | 2 August 2024 | 10685.65 | 6.86% | 6.86% | 6.86% | 78/148 |
| 3 Year | 4 August 2022 | 12172.89 | 21.73% | 6.77% | 7.10% | 116/142 |
| 5 Year | 4 August 2020 | 12880.77 | 28.81% | 5.19% | 5.71% | 120/136 |
| Since Inception | 18 June 2018 | 14306.80 | 43.07% | 5.15% | 5.75% | 132/164 |
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 | 135658.81 | 13.05% | 13.05% |
| 3 Year | 1 September 2022 | 3,60,000 | 437443.54 | 21.51% | 6.71% |
| 5 Year | 1 September 2020 | 6,00,000 | 766223.68 | 27.70% | 5.01% |
| 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
0.17%
Standard Deviation
0.77%
Beta
0.45%
Sharpe Ratio
-1.18%
Treynor's Ratio
-0.41%
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 | 3.96% | 5400 | 1.72 | Equity | Automobile |
| JSW Steel | 3.81% | 16200 | 1.65 | Equity | Steel |
| Kotak Mah. Bank | 3.79% | 7600 | 1.64 | Equity | Banks |
| Sun Pharma.Inds. | 3.78% | 9800 | 1.64 | Equity | Pharmaceuticals |
| Max Healthcare | 3.70% | 12600 | 1.61 | Equity | Healthcare |
| Bharti Airtel | 3.52% | 7600 | 1.53 | Equity | Telecomm-Service |
| Axis Bank | 3.11% | 11250 | 1.35 | Equity | Banks |
| Crompton Gr. Con | 2.94% | 36000 | 1.28 | Equity | Consumer Durables |
| Hindalco Inds. | 2.90% | 18200 | 1.26 | Equity | Non Ferrous Metals |
| Adani Enterp. | 2.71% | 4500 | 1.18 | Equity | Trading |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Bank of India Arbitrage Fund - Direct (IDCW-M) | 43.43 | 0.48% | 1.39% | 3.16% | 6.86% | 6.77% | |
| Tata Arbitrage Fund - Direct (IDCW-M) | 15922.05 | 0.54% | 1.68% | 3.70% | 7.58% | 7.84% | |
| Tata Arbitrage Fund - Direct (IDCW-M) RI | 15922.05 | 0.54% | 1.68% | 3.70% | 7.58% | 7.84% | |
| Tata Arbitrage Fund - Direct (G) | 15922.05 | 0.53% | 1.68% | 3.70% | 7.58% | 7.76% | |
| Aditya Birla SL Arbitrage Fund - Dir (G) | 20646.25 | 0.51% | 1.66% | 3.70% | 7.56% | 7.70% | |
| Aditya Birla SL Arbitrage Fund - Dir (IDCW) | 20646.25 | 0.51% | 1.66% | 3.70% | 7.56% | 7.70% |
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)
₹43.43
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 ₹43.43 (Cr), as of 5 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 ₹13.05, as on 5 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 6.77% and 5.19% 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 70.70% in Equity, 12.06% in Debt and 17.24% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 74.22% in Cash & Others, 13.45% in Banks, 9.56% in Debt, 7.11% in Telecom-Services, 5.50% in Pharmaceuticals & Biotech
FAQs
How to Invest in Bank of India Arbitrage Fund - Direct (IDCW-M) Direct Growth?
Bank of India Arbitrage Fund - Direct (IDCW-M) is a popular fund in the Arbitrage Fund segment. The fund has generated a return of 5.15% since inception. Looking to invest in Bank of India Arbitrage Fund - Direct (IDCW-M) How about earning 1% extra return? All this is possible with m.Stock! Investing in Bank of India Arbitrage Fund - Direct (IDCW-M) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Bank of India Arbitrage Fund - Direct (IDCW-M)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Bank of India Arbitrage Fund - Direct (IDCW-M) today and reap the benefits of this Arbitrage Fund fund!
How much returns has Bank of India Arbitrage Fund - Direct (IDCW-M) Direct Growth generated?
What is the expense ratio of Bank of India Arbitrage Fund - Direct (IDCW-M) Direct Growth?
What is the AUM of Bank of India Arbitrage Fund - Direct (IDCW-M) Fund Direct Growth?
How to redeem or withdraw money from Bank of India Arbitrage Fund - Direct (IDCW-M) Direct Growth?
Redeeming or selling units of Bank of India Arbitrage Fund - Direct (IDCW-M) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Bank of India Arbitrage Fund - Direct (IDCW-M):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Bank of India Arbitrage Fund - Direct (IDCW-M)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).