Bajaj Finserv Arbitrage Fund
The fund is positioned as a classic arbitrage play, capturing spread opportunities through substantial net receivables exposure while maintaining liquidity via money market and liquid fund holdings. The manager has rotated away from large-cap heavyweights like TCS and SBI toward mid-cap financials and industrials, signalling conviction in capturing wider arbitrage spreads in less-efficient segments. The elevated net receivables position and recent rebalancing toward smaller banks and NBFCs suggest the manager expects persistent market volatility to sustain attractive arbitrage windows.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹12.0010 | — | — | — | — |
| Regular Growth | ₹11.7790 | +0.26% | +5.69% | — | — |
| Direct IDCW | ₹12.0010 | — | — | — | — |
| Regular IDCW | ₹11.7790 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Infosys Limited | 0.86% |
| Muthoot Finance Limited | 0.42% |
| PG Electroplast Limited | 0.27% |
| Bharat Forge Limited | 0.17% |
| Petronet LNG Limited | 0.14% |
| KEI Industries Limited | 0.11% |
| Jindal Steel Limited | 0.10% |
| Oil & Natural Gas Corporation Limited | 0.08% |
| Adani Enterprises Limited | 0.06% |
| Zydus Lifesciences Limited | 0.04% |
| Mankind Pharma Limited | 0.03% |
| The Federal Bank Limited | 0.03% |
| JSW Energy Limited | 0.01% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 67.79% |
| 2 | Bajaj Finserv Money Market Fund-Direct Plan-Growth INF0QA701334 | 15.38% |
| 3 | Bajaj Finserv Liquid Fund - Direct Plan - Growth INF0QA701011 | 11.54% |
| 4 | HDFC Bank Limited INE040A01034 | 6.70% |
| 5 | Reliance Industries Limited INE002A01018 | 6.01% |
| 6 | ICICI Bank Limited INE090A01021 | 3.75% |
| 7 | Clearing Corporation of India Ltd nan | 3.04% |
| 8 | L&T Finance Limited (27/05/2026) INE498L14FN0 | 2.61% |
| 9 | Steel Authority of India Limited INE114A01011 | 2.27% |
| 10 | RBL Bank Limited INE976G01028 | 2.15% |
| 11 | IDFC First Bank Limited INE092T01019 | 2.03% |
| 12 | Vodafone Idea Limited INE669E01016 | 2.01% |
| 13 | ITC Limited INE154A01025 | 1.73% |
| 14 | Mahindra & Mahindra Limited INE101A01026 | 1.58% |
| 15 | Punjab National Bank INE160A01022 | 1.55% |
| 16 | Hindustan Zinc Limited INE267A01025 | 1.50% |
| 17 | Aditya Birla Capital Limited INE674K01013 | 1.44% |
| 18 | LIC Housing Finance Limited INE115A01026 | 1.27% |
| 19 | Bandhan Bank Limited INE545U01014 | 1.18% |
| 20 | Jio Financial Services Limited INE758E01017 | 1.18% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bajaj Finserv Arbitrage Fund hold?
Bajaj Finserv Arbitrage Fund holds 120 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 43.38% of NAV.
What is the largest holding in Bajaj Finserv Arbitrage Fund?
The largest position in Bajaj Finserv Arbitrage Fund is Net Receivables / (Payables), accounting for 67.79% of NAV in the nan sector.
Is Bajaj Finserv Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.706, Bajaj Finserv Arbitrage Fund is highly concentrated. The HHI concentration index is 53,352 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 43.38% of the portfolio.
What is the market cap allocation of Bajaj Finserv Arbitrage Fund?
Based on SEBI's AMFI classification, Bajaj Finserv Arbitrage Fund's equity portfolio is split as: Large Cap: 43.49%, Mid Cap: 16.77%, Small Cap: 6.69%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bajaj Finserv Arbitrage Fund invest in most?
Bajaj Finserv Arbitrage Fund has the highest allocation to nan (29.32%), Banks (20.07%), Finance (8.02%). The fund is invested across 39 sectors in total.
How actively managed is Bajaj Finserv Arbitrage Fund compared to other Arbitrage Fund funds?
Bajaj Finserv Arbitrage Fund has an Active Share of 84.92%, classifying it as "Highly Differentiated" among 34 Arbitrage Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Bajaj Finserv Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bajaj Finserv Arbitrage Fund added 13 new stocks (including Infosys Limited) and exited 8 stocks (including Vedanta Limited). Total holding count increased from 301 to 307 stocks.