PGIM India Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹97 Cr

Expense Ratio

0.37%

ISIN

INF223J013N7

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

27 Aug 2014

About this fund

PGIM India Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by PGIM India Mutual Fund. This fund has been in existence for 10 years, 7 months and 23 days, having been launched on 27-Aug-14.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹19.41, Assets Under Management (AUM) of 97.18 Crores, and an expense ratio of 0.37%.

PGIM India Arbitrage Fund Direct Growth has given a CAGR return of 6.43% since inception.
The fund's asset allocation comprises around -0.25% in equities, 11.14% in debts, and 84.93% in cash & cash equivalents.
You can start investing in PGIM India Arbitrage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.96%

+6.73% (Cat Avg.)

3 Years

+7.08%

+6.55% (Cat Avg.)

5 Years

+5.90%

+5.40% (Cat Avg.)

10 Years

+6.24%

+5.80% (Cat Avg.)

Since Inception

+6.43%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity	₹-0.25 Cr	-0.25%
Debt	₹10.83 Cr	11.14%
Others	₹86.6 Cr	89.11%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Net Receivables / (Payables)	Cash	₹68.37 Cr	70.35%
PGIM India Liquid Dr Pl Gr	Mutual Fund - Open End	₹9.63 Cr	9.91%
Future on Hindustan Petroleum Corp Ltd	Equity - Future	₹-9.36 Cr	9.63%
Hindustan Petroleum Corp Ltd	Equity	₹9.34 Cr	9.61%
Future on Reliance Industries Ltd	Equity - Future	₹-8.59 Cr	8.84%
Reliance Industries Ltd	Equity	₹8.54 Cr	8.79%
Future on ACC Ltd	Equity - Future	₹-7.54 Cr	7.76%
ACC Ltd	Equity	₹7.52 Cr	7.74%
Future on Ambuja Cements Ltd	Equity - Future	₹-5.64 Cr	5.80%
Ambuja Cements Ltd	Equity	₹5.62 Cr	5.78%
7.26% Govt Stock 2033	Bond - Gov't/Treasury	₹5.2 Cr	5.35%
7.37% Govt Stock 2028	Bond - Gov't/Treasury	₹5.15 Cr	5.29%
Clearing Corporation Of India Ltd.	Cash - Repurchase Agreement	₹4.6 Cr	4.73%
Future on Titan Co Ltd	Equity - Future	₹-4.52 Cr	4.66%
Titan Co Ltd	Equity	₹4.5 Cr	4.63%
Future on Kotak Mahindra Bank Ltd	Equity - Future	₹-4.44 Cr	4.57%
Kotak Mahindra Bank Ltd	Equity	₹4.43 Cr	4.56%
Future on SRF Ltd	Equity - Future	₹-4.32 Cr	4.45%
SRF Ltd	Equity	₹4.3 Cr	4.42%
Pgim India Liquid Fund	Mutual Fund - Open End	₹4.01 Cr	4.12%
Future on Bajaj Finance Ltd	Equity - Future	₹-2.13 Cr	2.20%
Bajaj Finance Ltd	Equity	₹2.12 Cr	2.19%
Future on Infosys Ltd	Equity - Future	₹-1.96 Cr	2.01%
Infosys Ltd	Equity	₹1.95 Cr	2.00%
Future on HDFC Bank Ltd	Equity - Future	₹-1.92 Cr	1.97%
HDFC Bank Ltd	Equity	₹1.91 Cr	1.97%
Future on Zydus Lifesciences Ltd	Equity - Future	₹-1.84 Cr	1.89%
Zydus Lifesciences Ltd	Equity	₹1.83 Cr	1.89%
Future on Canara Bank	Equity - Future	₹-1.75 Cr	1.80%
Canara Bank	Equity	₹1.74 Cr	1.79%
Future on UltraTech Cement Ltd	Equity - Future	₹-1.5 Cr	1.55%
UltraTech Cement Ltd	Equity	₹1.5 Cr	1.54%
Future on Grasim Industries Ltd	Equity - Future	₹-1.44 Cr	1.48%
Grasim Industries Ltd	Equity	₹1.44 Cr	1.48%
Future on DLF Ltd	Equity - Future	₹-1.3 Cr	1.34%
DLF Ltd	Equity	₹1.29 Cr	1.33%
Future on Jio Financial Services Ltd	Equity - Future	₹-1.28 Cr	1.32%
Jio Financial Services Ltd	Equity	₹1.28 Cr	1.31%
Future on Punjab National Bank	Equity - Future	₹-1.23 Cr	1.27%
Punjab National Bank	Equity	₹1.23 Cr	1.27%
Future on Glenmark Pharmaceuticals Ltd	Equity - Future	₹-1.16 Cr	1.19%
Glenmark Pharmaceuticals Ltd	Equity	₹1.15 Cr	1.19%
Future on Axis Bank Ltd	Equity - Future	₹-1.11 Cr	1.14%
Axis Bank Ltd	Equity	₹1.1 Cr	1.13%
Future on Tata Chemicals Ltd	Equity - Future	₹-0.91 Cr	0.93%
Tata Chemicals Ltd	Equity	₹0.9 Cr	0.93%
Future on United Spirits Ltd	Equity - Future	₹-0.88 Cr	0.91%
United Spirits Ltd	Equity	₹0.88 Cr	0.91%
Future on Bank of India	Equity - Future	₹-0.83 Cr	0.86%
Bank of India	Equity	₹0.83 Cr	0.85%
Future on Bank of Baroda	Equity - Future	₹-0.74 Cr	0.76%
Bank of Baroda	Equity	₹0.74 Cr	0.76%
Future on LTIMindtree Ltd	Equity - Future	₹-0.61 Cr	0.62%
LTIMindtree Ltd	Equity	₹0.61 Cr	0.62%
364 DTB 30-Oct-2025	Bond - Gov't/Treasury	₹0.48 Cr	0.50%
Future on HDFC Life Insurance Co Ltd	Equity - Future	₹-0.15 Cr	0.16%
HDFC Life Insurance Co Ltd	Equity	₹0.15 Cr	0.16%
Future on Indian Railway Catering And Tourism Corp Ltd	Equity - Future	₹-0.13 Cr	0.13%
Indian Railway Catering And Tourism Corp Ltd	Equity	₹0.13 Cr	0.13%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Energy	₹17.88 Cr	18.40%
Basic Materials	₹16.97 Cr	17.47%
Financial Services	₹15.53 Cr	15.98%
Consumer Cyclical	₹4.5 Cr	4.63%
Industrials	₹4.43 Cr	4.55%
Healthcare	₹2.99 Cr	3.07%
Technology	₹2.55 Cr	2.63%
Real Estate	₹1.29 Cr	1.33%
Consumer Defensive	₹0.88 Cr	0.91%

Risk & Performance Ratios

Fund Managers

Puneet Pal

Since April 2022

Chetan Chavan

Since March 2024

Additional Scheme Detailsas of 31st March 2025

ISIN

INF223J013N7

Expense Ratio

0.37%

Exit Load

No Charges

Fund Size

₹97 Cr

Age

10 years 7 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY 50 Arbitrage TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Arbitrage Fund Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
UTI Income Plus Arbitrage Active Fund of Fund Regular Growth Moderately High risk	-	0.0%	-	-
UTI Income Plus Arbitrage Active Fund of Fund Direct Growth Moderately High risk	-	0.0%	-	-
Quant Arbitrage Fund Direct Growth Low Risk	-	0.0%	-	-
Quant Arbitrage Fund Regular Growth Low Risk	-	0.0%	-	-
f Motilal Oswal Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹590.26 Cr	-
f Motilal Oswal Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹590.26 Cr	-
Samco Arbitrage Fund Regular Growth Low Risk	1.2%	0.0%	₹34.08 Cr	-
Samco Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹34.08 Cr	-
Franklin India Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹206.80 Cr	-
Franklin India Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹206.80 Cr	-

About the AMC

PGIM India Mutual Fund

+91 22 61593000

https://www.pgimindiamf.com/

Total AUM

₹21,864 Cr

Address

Nirlon House, 2nd Floor, Mumbai, 400 030

Other Funds by PGIM India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
PGIM India Fixed Duration Fund - Series BH Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BJ Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BI Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BF Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BG Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹88.11 Cr	6.6%
PGIM India Dynamic Bond Direct Growth Moderate Risk	0.3%	0.0%	₹103.23 Cr	12.4%
PGIM India Global Select Real Estate Securities Fund of Fund Direct Growth Very High Risk	1.3%	0.0%	₹46.61 Cr	12.5%
PGIM India Balanced Advantage Fund Direct Growth Very High Risk	0.5%	0.0%	₹957.28 Cr	9.5%
PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹26.73 Cr	9.7%
PGIM India Flexi Cap Fund Direct Growth Very High Risk	0.4%	0.0%	₹5966.79 Cr	9.4%
PGIM India Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹115.91 Cr	12.3%
PGIM India Global Equity Opportunities Fund Direct Growth Very High Risk	1.4%	0.0%	₹1250.68 Cr	-3.2%
PGIM India Emerging Markets Equity Fund Direct Growth Very High Risk	1.4%	0.0%	₹93.22 Cr	10.3%
PGIM India Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹365.97 Cr	7.4%
PGIM India Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹93.31 Cr	7.2%
PGIM India Corporate Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹90.95 Cr	9.9%
PGIM India Hybrid Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹203.58 Cr	11.5%
PGIM India Large Cap Fund Direct Growth Very High Risk	0.9%	0.0%	₹568.93 Cr	8.1%
PGIM India Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹27.94 Cr	6.7%
PGIM India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹204.43 Cr	7.7%
PGIM India Equity Savings Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹70.53 Cr	8.1%
PGIM India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹97.18 Cr	8.0%
PGIM India Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹161.03 Cr	7.9%
PGIM India ELSS Tax Saver Fund Direct Growth Very High Risk	0.8%	0.0%	₹740.71 Cr	11.8%
PGIM India Midcap Opportunities Fund Direct Growth Very High Risk	0.5%	0.0%	₹10302.07 Cr	9.9%
PGIM India Credit Risk Fund Segregated Plan 1 Direct Growth Low to Moderate Risk	-	0.0%	-	-
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
PGIM India Small Cap Fund Direct Growth Very High Risk	0.6%	0.0%	₹1375.86 Cr	7.6%

Risk Level

Your principal amount will be at Low Risk

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Still got questions?
We're here to help.

What is the current NAV of PGIM India Arbitrage Fund Direct Growth?

The NAV of PGIM India Arbitrage Fund Direct Growth, as of 17-Apr-2025, is ₹19.41.

What are the returns of PGIM India Arbitrage Fund Direct Growth?

The fund has generated 7.96% over the last 1 year and 7.08% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of PGIM India Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.25% in equities, 11.14% in bonds, and 84.93% in cash and cash equivalents.

Who manages the PGIM India Arbitrage Fund Direct Growth?

The fund managers responsible for PGIM India Arbitrage Fund Direct Growth are:-

Puneet Pal
Chetan Chavan

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹97 Cr

Expense Ratio

0.37%

ISIN

INF223J013N7

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

27 Aug 2014

Risk Level

Your principal amount will be at Low Risk