Bank of India Arbitrage Fund
The fund maintains its core arbitrage positioning with elevated equity exposure tilted toward financials and banks, reflecting confidence in the sector's spread opportunities. Recent portfolio rebalancing signals the manager is actively pursuing fresh arb plays in insurance and metals while trimming overweight banking positions, suggesting a tactical rotation toward less crowded opportunities. The significant inflow into domestic liquid funds alongside strategic equity shifts indicates disciplined capital allocation aimed at optimizing risk-adjusted returns in current market conditions.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹14.4558 | +0.35% | +5.55% | +6.30% | +5.10% |
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 |
|---|---|
| Indian Bank | 2.85% |
| HDFC Life Insurance Company Limited | 2.59% |
| Samvardhana Motherson International Limited | 2.16% |
| ICICI Prudential Life Insurance Company Limited | 2.12% |
| National Aluminium Company Limited | 2.00% |
| Info Edge (India) Limited | 1.71% |
| 182 Days Tbill (MD 22/10/2026) | 1.09% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bank of India Liquid Fund Direct Plan - Growth INF761K01785 | 13.52% |
| 2 | Net Receivables / (Payables) | 9.23% |
| 3 | JSW Steel Limited INE019A01038 | 6.46% |
| 4 | ITC Limited INE154A01025 | 5.05% |
| 5 | Sammaan Capital Limited INE148I01020 | 4.29% |
| 6 | Jio Financial Services Limited INE758E01017 | 4.00% |
| 7 | UPL Limited INE628A01036 | 3.49% |
| 8 | Bharti Airtel Limited INE397D01024 | 2.99% |
| 9 | Indian Bank INE562A01011 | 2.85% |
| 10 | Grasim Industries Limited INE047A01021 | 2.64% |
| 11 | HDFC Life Insurance Company Limited INE795G01014 | 2.59% |
| 12 | PNB Housing Finance Limited INE572E01012 | 2.42% |
| 13 | HDFC Bank Limited INE040A01034 | 2.36% |
| 14 | Godrej Properties Limited INE484J01027 | 2.25% |
| 15 | Kotak Mahindra Bank Limited INE237A01036 | 2.22% |
| 16 | 364 Days Tbill (MD 08/10/2026) IN002025Z286 | 2.17% |
| 17 | Delhivery Limited INE148O01028 | 2.16% |
| 18 | Samvardhana Motherson International Limited INE775A01035 | 2.16% |
| 19 | RBL Bank Limited INE976G01028 | 2.14% |
| 20 | ICICI Prudential Life Insurance Company Limited INE726G01019 | 2.12% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bank of India Arbitrage Fund hold?
Bank of India Arbitrage Fund holds 35 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 33.32% of NAV.
What is the largest holding in Bank of India Arbitrage Fund?
The largest position in Bank of India Arbitrage Fund is Bank of India Liquid Fund Direct Plan - Growth, accounting for 13.52% of NAV.
Is Bank of India Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.351, Bank of India Arbitrage Fund is well-diversified. The HHI concentration index is 40,923 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 33.32% of the portfolio.
What is the market cap allocation of Bank of India Arbitrage Fund?
Based on SEBI's AMFI classification, Bank of India Arbitrage Fund's equity portfolio is split as: Large Cap: 39.73%, Mid Cap: 15.89%, Small Cap: 11.01%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bank of India Arbitrage Fund invest in most?
Bank of India Arbitrage Fund has the highest allocation to Finance (13.55%), Banks (12.35%), SOVEREIGN (6.46%). The fund is invested across 20 sectors in total.
How actively managed is Bank of India Arbitrage Fund compared to other Arbitrage Fund funds?
Bank of India Arbitrage Fund has an Active Share of 78.46%, 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 Bank of India Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bank of India Arbitrage Fund added 7 new stocks (including Indian Bank) and exited 8 stocks (including Mahindra & Mahindra Limited). Total holding count decreased from 38 to 37 stocks.