Aditya Birla Sun Life Arbitrage Fund
The fund maintains its arbitrage-focused positioning with nearly two-thirds equity exposure, relying heavily on internal liquidity funds (19.2%) to manage settlement cycles. Banking sector concentration at 16.8% combined with recent shifts toward non-banking financials and selective equity exits suggests the manager is rotating away from traditional blue-chips like TCS toward tactical opportunities in smaller-cap names and finance plays. The uptick in liquid fund allocation signals tightening cash management, implying reduced arbitrage spreads may be pressuring deployment efficiency.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹27.8886 | +0.25% | +5.84% | +6.84% | +5.91% |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Adani Power Limited | 0.21% |
| Muthoot Finance Limited | 0.16% |
| Infosys Limited | 0.12% |
| Samvardhana Motherson International Limited | 0.11% |
| Union Bank of India | 0.11% |
| SBI Cards & Payment Services Limited | 0.09% |
| Vishal Mega Mart Ltd | 0.08% |
| POLYCAB INDIA Limited | 0.08% |
| Persistent Systems Limited | 0.06% |
| Bharat Forge Limited | 0.05% |
| Indian Bank | 0.05% |
| Motilal Oswal Financial Services Limited | 0.04% |
| 360 ONE WAM Ltd | 0.04% |
| Oil India Limited | 0.04% |
| Avenue Supermarts Limited | 0.04% |
| KEI Industries Limited | 0.02% |
| Petronet LNG Limited | 0.02% |
| TATA MOTORS PASSENGER VEHICL | 0.01% |
| PG Electroplast Ltd | 0.01% |
| Dixon Technologies (India) Limited | 0.01% |
| Oberoi Realty Limited | 0.01% |
| GODFREY PHILLIPS INDIA LTD | 0.01% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Aditya Birla Sun Life Money Manager Fund - Growth - Direct Plan INF209K01UU3 | 10.37% |
| 2 | HDFC Bank Limited INE040A01034 | 5.68% |
| 3 | Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan INF209K01VA3 | 4.44% |
| 4 | Reliance Industries Limited INE002A01018 | 4.08% |
| 5 | Aditya Birla Sunlife Floating Rate Fund - Direct Plan - Growth INF209K01UX7 | 3.64% |
| 6 | Clearing Corporation of India Limited nan | 3.18% |
| 7 | ICICI Bank Limited INE090A01021 | 2.78% |
| 8 | Axis Bank Limited INE238A01034 | 2.33% |
| 9 | Vodafone Idea Limited INE669E01016 | 1.79% |
| 10 | Kotak Mahindra Bank Limited INE237A01036 | 1.79% |
| 11 | Bharti Airtel Limited INE397D01024 | 1.52% |
| 12 | HDFC Bank Limited (15/02/2027) # INE040A16JC3 | 1.47% |
| 13 | Small Industries Development Bank of India (28/01/2027) ** # INE556F16BW2 | 1.39% |
| 14 | Steel Authority of India Limited INE114A01011 | 1.33% |
| 15 | National Bank For Agriculture and Rural Development (28/01/2027) ** # INE261F16AH2 | 1.29% |
| 16 | Indus Towers Limited INE121J01017 | 1.28% |
| 17 | JSW Steel Limited INE019A01038 | 1.24% |
| 18 | Multi Commodity Exchange of India Limited INE745G01043 | 1.23% |
| 19 | Mahindra & Mahindra Limited INE101A01026 | 1.14% |
| 20 | National Bank For Agriculture and Rural Development (22/01/2027) # INE261F16AF6 | 1.11% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Aditya Birla Sun Life Arbitrage Fund hold?
Aditya Birla Sun Life Arbitrage Fund holds 194 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 28.21% of NAV.
What is the largest holding in Aditya Birla Sun Life Arbitrage Fund?
The largest position in Aditya Birla Sun Life Arbitrage Fund is Aditya Birla Sun Life Money Manager Fund - Growth - Direct Plan, accounting for 10.37% of NAV in the nan sector.
Is Aditya Birla Sun Life Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.641, Aditya Birla Sun Life Arbitrage Fund is moderately concentrated. The HHI concentration index is 25,966 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 28.21% of the portfolio.
What is the market cap allocation of Aditya Birla Sun Life Arbitrage Fund?
Based on SEBI's AMFI classification, Aditya Birla Sun Life Arbitrage Fund's equity portfolio is split as: Large Cap: 43.62%, Mid Cap: 17.23%, Small Cap: 3.47%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Aditya Birla Sun Life Arbitrage Fund invest in most?
Aditya Birla Sun Life Arbitrage Fund has the highest allocation to nan (21.91%), Banks (16.78%), ICRA A1+ (7.93%). The fund is invested across 50 sectors in total.
How actively managed is Aditya Birla Sun Life Arbitrage Fund compared to other Arbitrage Fund funds?
Aditya Birla Sun Life Arbitrage Fund has an Active Share of 47.64%, classifying it as "Balanced Approach" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Aditya Birla Sun Life Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Aditya Birla Sun Life Arbitrage Fund added 22 new stocks (including Adani Power Limited) and exited 14 stocks (including Canara Bank (28/01/2027) #). Total holding count increased from 187 to 195 stocks.