Old Bridge Arbitrage Fund
Old Bridge's arbitrage strategy remains heavily anchored in net receivables (cash settlement positioning), reflecting typical merger-arbitrage exposure where the fund profits from price convergence gaps. The manager is tactically rotating toward capital goods and metals plays—evidenced by JSW Steel's significant weight increase and new healthcare/pharma entries—suggesting conviction that these sectors offer better arbitrage spreads despite exiting quality consumer names. The elevated cash drag alongside aggressive concentration in the top holdings indicates the fund is selectively deploying capital rather than fully invested, likely waiting for more attractive arbitrage opportunities.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹10.2665 | +0.22% | — | — | — |
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 |
|---|---|
| Apollo Hospitals Enterprise Limited | 0.75% |
| Sun Pharmaceutical Industries Limited | 0.58% |
| CG Power and Industrial Solutions Limited | 0.45% |
| Varun Beverages Ltd | 0.41% |
| Eternal Limited | 0.39% |
| Cipla Limited | 0.22% |
| United Spirits Limited | 0.21% |
| HDFC Asset Management Company Limited | 0.05% |
| Dalmia Bharat Limited | 0.04% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 80.36% |
| 2 | Triparty Repo nan | 10.36% |
| 3 | ICICI Bank Limited INE090A01021 | 6.05% |
| 4 | HDFC Bank Limited INE040A01034 | 4.59% |
| 5 | Bharat Heavy Electricals Limited INE257A01026 | 4.40% |
| 6 | JSW Steel Limited INE019A01038 | 4.34% |
| 7 | Bharti Airtel Limited INE397D01024 | 3.62% |
| 8 | 8.75% Shriram Finance Limited 2026 ** INE721A07RN7 | 3.26% |
| 9 | 182 Days Tbill (MD 14/05/2026) IN002025Y339 | 3.25% |
| 10 | 364 Days Tbill (MD 17/12/2026) IN002025Z385 | 3.15% |
| 11 | Mahindra & Mahindra Limited INE101A01026 | 3.03% |
| 12 | Kotak Mahindra Bank Ltd INE237A01036 | 2.70% |
| 13 | Glenmark Pharmaceuticals Limited INE935A01035 | 2.59% |
| 14 | Jio Financial Services Limited INE758E01017 | 2.30% |
| 15 | IDFC First Bank Limited INE092T01019 | 2.11% |
| 16 | Tata Steel Limited INE081A01020 | 1.97% |
| 17 | Reliance Industries Limited INE002A01018 | 1.87% |
| 18 | Shriram Finance Limited INE721A01047 | 1.82% |
| 19 | Tata Power Company Limited INE245A01021 | 1.81% |
| 20 | HDFC Life Insurance Company Limited INE795G01014 | 1.35% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Old Bridge Arbitrage Fund hold?
Old Bridge Arbitrage Fund holds 73 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.00% of NAV.
What is the largest holding in Old Bridge Arbitrage Fund?
The largest position in Old Bridge Arbitrage Fund is Net Receivables / (Payables), accounting for 80.36% of NAV in the nan sector.
Is Old Bridge Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.544, Old Bridge Arbitrage Fund is moderately concentrated. The HHI concentration index is 21,306 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.00% of the portfolio.
What is the market cap allocation of Old Bridge Arbitrage Fund?
Based on SEBI's AMFI classification, Old Bridge Arbitrage Fund's equity portfolio is split as: Large Cap: 52.44%, Mid Cap: 15.81%, Small Cap: 2.37%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Old Bridge Arbitrage Fund invest in most?
Old Bridge Arbitrage Fund has the highest allocation to nan (90.72%), SOVEREIGN (6.40%), CRISIL AAA (3.26%). The fund is invested across 32 sectors in total.
How actively managed is Old Bridge Arbitrage Fund compared to other Arbitrage Fund funds?
Old Bridge Arbitrage Fund has an Active Share of 84.01%, 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 Old Bridge Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Old Bridge Arbitrage Fund added 9 new stocks (including Apollo Hospitals Enterprise Limited) and exited 8 stocks (including Tata Consultancy Services Limited). Total holding count decreased from 179 to 149 stocks.