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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹14.3135 | — | — | — | — |
| Regular Growth | ₹13.6208 | +0.27% | +5.99% | +6.80% | +5.24% |
| Direct IDCW | ₹14.3135 | — | — | — | — |
| Regular IDCW | ₹13.6208 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive 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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does ITI Arbitrage Fund hold?
ITI Arbitrage Fund holds 40 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 27.77% of NAV.
What is the largest holding in ITI Arbitrage Fund?
The largest position in ITI Arbitrage Fund is Net Receivables / (Payables), accounting for 15.18% of NAV in the nan sector.
Is ITI Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.423, ITI Arbitrage Fund is well-diversified. The HHI concentration index is 27,695 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 27.77% of the portfolio.
What is the market cap allocation of ITI Arbitrage Fund?
Based on SEBI's AMFI classification, ITI Arbitrage Fund's equity portfolio is split as: Large Cap: 33.40%, Mid Cap: 19.62%, Small Cap: 8.51%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ITI Arbitrage Fund invest in most?
ITI Arbitrage Fund has the highest allocation to nan (34.41%), Banks (15.63%), Finance (12.66%). The fund is invested across 19 sectors in total.
How actively managed is ITI Arbitrage Fund compared to other Arbitrage Fund funds?
ITI Arbitrage Fund has an Active Share of 69.58%, classifying it as "Active Stock Picker" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ITI Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ITI Arbitrage Fund added 5 new stocks (including UNO Minda Limited) and exited 4 stocks (including Vedanta Limited). Total holding count increased from 40 to 42 stocks.