HSBC Arbitrage Fund Direct Growth

Low Risk
Alternative
Arbitrage Fund

NAV as on Jul 13, 2026

Price per unit of the scheme.

₹ 21.68210.01%1 Day Change

0.68%

Minimum Investment₹5000

Expense Ratio0.27%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.

*Morningstar Rating Methodology i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions

FUND PERFORMANCE

As On Jan 01, 2023

Compare fund’s performance against category average across different time periods

No Data Found.

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

1M 3M 6M 1Y 3Y 5Y

This Fund

HSBC Arbitrage Fund Direct Growth

Alternative: Arbitrage Fund Average NAV

Topper in Alternative: Arbitrage Fund

All Fund

No Data Found.

*For the other fund, rescaled NAVs are used

RETURN CALCULATOR

Check the return on your investment in the fund

HSBC Arbitrage Fund Direct Growth

Investment Type

Monthly Investment

Time Period (yrs)

Annual Return in %

Invested Amount
₹0
Return
₹0

Current Value
₹0

FUND SUMMARY

Benchmark

NIFTY 50 Arbitrage TR INR

Expense Ratio

0.27%

Category Avg Expense Ratio

0.38%

Minimum Investment (Lumpsum/SIP)

₹ 5000 /₹ 1000

Lock In (Years)

No Lock-in

Fund Size

₹ 2,666.71 Cr(As on May, 2026)

Inception Date

Jun 30, 2014

Turnover

297.00 %

Exit Load

Exit Load: Any redemption /switch-out of units on or before1 month from the date ofallotment: 0.25%If units are redeemed orswitched out after 1 Monthfrom the date of allotment: NIL

Objective: To seek to generate reasonable returns by predominantly investing 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 investment objective of the scheme will be realized.

HSBC Arbitrage Fund Direct Growth is an Alternative - Arbitrage Fund fund. The fund was launched inJun 30, 2014. Its risk level is . The NAV of the fund as onJul 13, 2026 is ₹21.68. Its expense ratio is 0.27 %. The fund has an AUM of ₹2,666.71 Cr.The fund is managed byMahesh Chhabria,Praveen Ayathan,Hitesh Gondhia,Kapil Punjabi,Mohd Asif Rizwi.
The minimum initial investment is ₹5000 in Lumpsum mode.

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FUND MANAGER

Praveen Ayathan

Lead Fund Manager.

Jun 30, 2014 - Present

Schemes managed5
Total AUM₹ 5,707.52 Cr
Highest Return In 1 Yr12.74 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

HSBC Nifty Next 50 Index Fund Direct Growth

₹ 31.60

3.21%

Very High Risk

₹159.42Cr

HSBC Arbitrage Fund Direct Growth

₹ 21.68

0.68%

0.58%

Low Risk

₹2,666.71Cr

HSBC Nifty 50 Index Fund Direct Growth

₹ 28.62

2.80%

Very High Risk

₹373.00Cr

HSBC Nifty Next 50 Index Fund Direct Growth

Very High Risk--

NAV₹ 31.60
Fund Size₹159.42Cr

Fund Return3.21%

Category Return--

HSBC Arbitrage Fund Direct Growth

Low Risk--

NAV₹ 21.68
Fund Size₹2,666.71Cr

Fund Return0.68%

Category Return0.58%

HSBC Nifty 50 Index Fund Direct Growth

Very High Risk--

NAV₹ 28.62
Fund Size₹373.00Cr

Fund Return2.80%

Category Return--

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Mahesh Chhabria

Lead Fund Manager.

Jul 15, 2023 - Present

Schemes managed16
Total AUM₹ 48,887.85 Cr
Highest Return In 1 Yr21.12 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

HSBC Banking & PSU Debt fund Direct Plan Growth Option

₹ 27.11

0.86%

0.78%

Moderate Risk

₹3,967.36Cr

HSBC Low Duration Fund Direct Plan Growth Option

₹ 32.35

0.72%

0.61%

Low to Moderate Risk

₹1,012.45Cr

HSBC Balanced Advantage Fund Direct Plan Growth Option

₹ 51.46

2.33%

2.55%

High Risk

₹1,492.28Cr

HSBC Banking & PSU Debt fund Direct Plan Growth Option

Moderate Risk

NAV₹ 27.11
Fund Size₹3,967.36Cr

Fund Return0.86%

Category Return0.78%

HSBC Low Duration Fund Direct Plan Growth Option

Low to Moderate Risk

NAV₹ 32.35
Fund Size₹1,012.45Cr

Fund Return0.72%

Category Return0.61%

HSBC Balanced Advantage Fund Direct Plan Growth Option

High Risk

NAV₹ 51.46
Fund Size₹1,492.28Cr

Fund Return2.33%

Category Return2.55%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Hitesh Gondhia

Lead Fund Manager.

Oct 1, 2023 - Present

Schemes managed3
Total AUM₹ 5,175.10 Cr
Highest Return In 1 Yr12.74 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

HSBC Equity Savings Direct Plan Growth Plan

₹ 41.03

1.67%

1.53%

Moderately High risk

₹1,016.10Cr

HSBC Balanced Advantage Fund Direct Plan Growth Option

₹ 51.46

2.33%

2.55%

High Risk

₹1,492.28Cr

HSBC Arbitrage Fund Direct Growth

₹ 21.68

0.68%

0.58%

Low Risk

₹2,666.71Cr

HSBC Equity Savings Direct Plan Growth Plan

Moderately High risk

NAV₹ 41.03
Fund Size₹1,016.10Cr

Fund Return1.67%

Category Return1.53%

HSBC Balanced Advantage Fund Direct Plan Growth Option

High Risk

NAV₹ 51.46
Fund Size₹1,492.28Cr

Fund Return2.33%

Category Return2.55%

HSBC Arbitrage Fund Direct Growth

Low Risk--

NAV₹ 21.68
Fund Size₹2,666.71Cr

Fund Return0.68%

Category Return0.58%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Kapil Punjabi

Lead Fund Manager.

May 1, 2024 - Present

Schemes managed16
Total AUM₹ 50,243.90 Cr
Highest Return In 1 Yr21.12 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

HSBC Medium Duration Fund Direct Growth

₹ 23.83

1.05%

0.98%

Moderate Risk

₹698.65Cr

HSBC Credit Risk Fund Direct Plan Growth

₹ 37.41

0.75%

0.89%

Moderate Risk

₹470.99Cr

HSBC Money Market Fund Direct Plan Growth Option

₹ 29.56

0.80%

0.64%

Low to Moderate Risk

₹5,803.77Cr

HSBC Medium Duration Fund Direct Growth

Moderate Risk

NAV₹ 23.83
Fund Size₹698.65Cr

Fund Return1.05%

Category Return0.98%

HSBC Credit Risk Fund Direct Plan Growth

Moderate Risk

NAV₹ 37.41
Fund Size₹470.99Cr

Fund Return0.75%

Category Return0.89%

HSBC Money Market Fund Direct Plan Growth Option

Low to Moderate Risk

NAV₹ 29.56
Fund Size₹5,803.77Cr

Fund Return0.80%

Category Return0.64%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Mohd Asif Rizwi

Lead Fund Manager.

Feb 1, 2025 - Present

Schemes managed14
Total AUM₹ 28,311.58 Cr
Highest Return In 1 Yr12.74 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

HSBC Short Duration Fund Direct Plan Growth Option

₹ 29.81

0.88%

0.71%

Moderate Risk

₹3,844.35Cr

HSBC Gilt Fund Direct Plan Growth

₹ 77.99

2.16%

1.77%

Moderate Risk

₹165.59Cr

HSBC Aggressive Hybrid Fund Direct Plan Growth Option

₹ 66.99

2.94%

3.17%

Very High Risk

₹5,504.80Cr

HSBC Short Duration Fund Direct Plan Growth Option

Moderate Risk

NAV₹ 29.81
Fund Size₹3,844.35Cr

Fund Return0.88%

Category Return0.71%

HSBC Gilt Fund Direct Plan Growth

Moderate Risk

NAV₹ 77.99
Fund Size₹165.59Cr

Fund Return2.16%

Category Return1.77%

HSBC Aggressive Hybrid Fund Direct Plan Growth Option

Very High Risk

NAV₹ 66.99
Fund Size₹5,504.80Cr

Fund Return2.94%

Category Return3.17%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Jun, 2026

EQUITY (-0.39%)

DEBT (7.09%)

CASH (93.31%)

Allocation by Market Cap

Large Cap(46.49%)

Mid Cap(13.62%)

Small Cap(11.70%)

Industry Holdings

Banks Regional35.23%
Steel9.40%
Utilities Independent Power Producers7.39%
Drug Manufacturers Specialty Generic4.69%
Real Estate General3.72%
Asset Management3.69%

Stock Holdings

Future on HDFC Bank Ltd5.41%
HDFC Bank Ltd5.37%
Future on ICICI Bank Ltd4.36%
ICICI Bank Ltd4.33%
Future on Bandhan Bank Ltd3.62%
Bandhan Bank Ltd3.61%

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.

Consistency
i
It represents the consistency of a fund in beating its benchmark.
----
Downside Risk
i
Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
----
Risk Adjusted Return
i
Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
Volatility
i
Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
Upside Capture Ratio
i
Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
----
Downside Capture Ratio
i
Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
----

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.

Alpha: Excess return of the fund over benchmark
i
Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
--
This Fund
VS
--
Category Avg
R-Squared: How well the fund tracks benchmark
i
R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
--
This Fund
VS
--
Category Avg

Beta: Risk of the fund in relation to benchmark
i
Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
--
This Fund
VS
--
Category Avg
Sharpe Ratio: Risk adjusted return of the fund
i
Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
1.74
This Fund
VS
0.81
Category Avg

Sortino Ratio: Return per unit of bad risk
i
A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
3.36
This Fund
VS
1.68
Category Avg
Standard Devation: Volatility of the fund
i
Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
0.54
This Fund
VS
0.57
Category Avg

Benchmark used in calculation : S&P BSE 500 India TR INR

PEER ANALYSIS

card
table

Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

TOP FUNDS FROM THIS AMC

card
table

Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

HSBC Asset Management (India) Private Ltd

HSBC Asset Management (India) Private Ltd manages assets worth ₹ 1,42,319.56 crores. It’s current offering of mutual fund schemes includes 21 equity, 13 debt and 9 hybrid schemes.

Phone

+91 22 66145000

hsbcmf@hsbc.co.in

AUM

₹ 1,42,319.56 Cr (

As on May 31, 2026

)

Address

16, V N Road, Mumbai,400 001

FAQs

What is the category of HSBC Arbitrage Fund Direct Growth ?

The category of HSBC Arbitrage Fund Direct Growth is Alternative - Arbitrage Fund

What is the current NAV of HSBC Arbitrage Fund Direct Growth ?

The current NAV of HSBC Arbitrage Fund Direct Growth as on Jul 13, 2026 is ₹21.68

How safe is HSBC Arbitrage Fund Direct Growth ?

The risk level of HSBC Arbitrage Fund Direct Growth is Low.

What are short term returns given by HSBC Arbitrage Fund Direct Growth ?

The return given by HSBC Arbitrage Fund Direct Growth in 1 month is 0.68%, 3 months is 1.49%, 6 months is 3.14%, and 1 year is 6.44%

What are the long term returns given by HSBC Arbitrage Fund Direct Growth ?

The return given by HSBC Arbitrage Fund Direct Growth in 3 years is 7.34% and 5 years is 6.52%.

What is the expense ratio of HSBC Arbitrage Fund Direct Growth ?

The expense ratio of HSBC Arbitrage Fund Direct Growth is 0.27%

What is the AUM of HSBC Arbitrage Fund Direct Growth ?

The assets under Management (AUM) of HSBC Arbitrage Fund Direct Growth is Rs 2,666.71 crores.

What is the minimum investment in HSBC Arbitrage Fund Direct Growth ?

The minimum Lumpsum investment in HSBC Arbitrage Fund Direct Growth is ₹5,000.00 and the minimum SIP investment in HSBC Arbitrage Fund Direct Growth is ₹1,000.00

What is the asset allocation of HSBC Arbitrage Fund Direct Growth?

HSBC Arbitrage Fund Direct Growth has an exposure of 7.09% in Debt and 93.31% in Cash & Money Market Securities