Parag Parikh Arbitrage Fund
The fund maintains its core positioning around banking sector arbitrage, with financial stocks comprising over 27 percent of the portfolio while cash reserves via its in-house liquid fund provide settlement flexibility. Recent pruning of pharma and energy holdings in favor of banking heavyweights signals management's conviction in capturing valuation spreads within the financial sector. The shift reflects a tactical tilt toward lower volatility arbitrage opportunities rather than a fundamental pivot in strategy.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹11.7854 | +0.29% | +5.93% | — | — |
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 |
|---|---|
| Cipla Limited | 0.05% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Parag Parikh Liquid Fund- Direct Plan- Growth INF879O01068 | 16.08% |
| 2 | HDFC Bank Limited INE040A01034 | 6.11% |
| 3 | Axis Bank Limited INE238A01034 | 5.14% |
| 4 | ICICI Bank Limited INE090A01021 | 4.99% |
| 5 | Bharti Airtel Limited INE397D01024 | 4.83% |
| 6 | Reliance Industries Limited INE002A01018 | 4.66% |
| 7 | Kotak Mahindra Bank Limited INE237A01036 | 3.97% |
| 8 | Mahindra & Mahindra Limited INE101A01026 | 3.00% |
| 9 | Bharat Heavy Electricals Limited INE257A01026 | 2.94% |
| 10 | Tata Steel Limited INE081A01020 | 2.54% |
| 11 | State Bank of India INE062A01020 | 2.14% |
| 12 | NMDC Limited INE584A01023 | 2.11% |
| 13 | Kotak Securities Limited (27/05/2026) INE028E14VE6 | 2.10% |
| 14 | Small Industries Dev Bank of India (09/07/2026) INE556F16BJ9 | 2.08% |
| 15 | Axis Bank Limited (11/08/2026) INE238AD6BD9 | 2.07% |
| 16 | Canara Bank (08/01/2027) INE476A16F94 | 2.01% |
| 17 | Indian Bank (12/01/2027) INE562A16QE7 | 2.01% |
| 18 | TRP_040526 nan | 1.88% |
| 19 | Shriram Finance Limited INE721A01047 | 1.57% |
| 20 | Bharat Electronics Limited INE263A01024 | 1.39% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Parag Parikh Arbitrage Fund hold?
Parag Parikh Arbitrage Fund holds 72 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 37.15% of NAV.
What is the largest holding in Parag Parikh Arbitrage Fund?
The largest position in Parag Parikh Arbitrage Fund is Parag Parikh Liquid Fund- Direct Plan- Growth, accounting for 16.08% of NAV.
Is Parag Parikh Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.614, Parag Parikh Arbitrage Fund is moderately concentrated. The HHI concentration index is 49,210 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 37.15% of the portfolio.
What is the market cap allocation of Parag Parikh Arbitrage Fund?
Based on SEBI's AMFI classification, Parag Parikh Arbitrage Fund's equity portfolio is split as: Large Cap: 50.85%, Mid Cap: 9.11%, Small Cap: 2.39%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Parag Parikh Arbitrage Fund invest in most?
Parag Parikh Arbitrage Fund has the highest allocation to Banks (27.80%), CRISIL A1+ (11.32%), Telecom - Services (4.83%). The fund is invested across 31 sectors in total.
How actively managed is Parag Parikh Arbitrage Fund compared to other Arbitrage Fund funds?
Parag Parikh Arbitrage Fund has an Active Share of 64.05%, classifying it as "Active Stock Picker" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Parag Parikh Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Parag Parikh Arbitrage Fund added 1 new stock (including Cipla Limited) and exited 13 stocks (including Bank of Baroda (03/06/2026) #). Total holding count decreased from 85 to 73 stocks.