ITI Arbitrage Fund
ITI Arbitrage Fund maintains a conservative positioning typical of arbitrage strategies, with two-thirds equity exposure balanced by substantial cash and liquid fund holdings. The portfolio shows meaningful concentration in financial services—banks, finance, and fintech collectively represent over 32 percent—suggesting the manager is identifying relative value opportunities within India's financial sector. Recent rotations adding energy and IT stocks while trimming pharma and commodities, combined with reduced net receivables positioning, signal a tactical shift toward fresh arbitrage dislocations rather than persistence in established trades.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹14.3034 | — | — | — | — | — | — |
| Regular Growth | ₹13.6114 | +0.23% | +1.24% | +2.95% | +5.96% | +6.80% | +5.22% |
| Direct IDCW | ₹14.3034 | — | — | — | — | — | — |
| Regular IDCW | ₹13.6114 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| UNO Minda Limited | 1.26% |
| JSW Energy Limited | 1.15% |
| IndusInd Bank Limited | 0.95% |
| Laurus Labs Limited | 0.85% |
| Info Edge (India) Limited | 0.83% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 15.18% |
| 2 | ITI Liquid Fund - Direct Plan - Growth Option INF00XX01283 | 10.69% |
| 3 | TREPS 04-May-2026 nan | 8.54% |
| 4 | HDFC Bank Limited INE040A01034 | 4.56% |
| 5 | Power Finance Corporation Limited INE134E01011 | 4.53% |
| 6 | One 97 Communications Limited INE982J01020 | 4.26% |
| 7 | Cummins India Limited INE298A01020 | 3.73% |
| 8 | HDFC Life Insurance Company Limited INE795G01014 | 3.24% |
| 9 | Multi Commodity Exchange of India Limited INE745G01043 | 3.18% |
| 10 | RBL Bank Limited INE976G01028 | 2.81% |
| 11 | Varun Beverages Limited INE200M01039 | 2.64% |
| 12 | Bharti Airtel Limited INE397D01024 | 2.56% |
| 13 | Adani Ports and Special Economic Zone Limited INE742F01042 | 2.43% |
| 14 | PNB Housing Finance Limited INE572E01012 | 2.17% |
| 15 | Shriram Finance Limited INE721A01047 | 2.03% |
| 16 | Bandhan Bank Limited INE545U01014 | 1.97% |
| 17 | ICICI Bank Limited INE090A01021 | 1.92% |
| 18 | Aditya Birla Capital Limited INE674K01013 | 1.59% |
| 19 | Exide Industries Limited INE302A01020 | 1.56% |
| 20 | Max Financial Services Limited INE180A01020 | 1.38% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.