Nippon India Arbitrage Fund Direct Growth

Nippon India Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Nemish Sheth, Vikash Agarwal, Rohit Shah. This fund gives you the benefit of diversification.

1. Nippon India Arbitrage Fund Direct Growth has ₹15383 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Nippon India Arbitrage Fund Direct Growth has given a CAGR return of 7.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.29%, 7.66% and 6.32% respectively.

Nippon India Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Health, Industrial, Consumer Cyclical, Energy, Corporate, Tech, Consumer Defensive, Communication, Utilities, Government, Real Estate.

As it is a arbitrage fund mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Arbitrage Fund Direct Growth has no lock in period.