Sundaram Arbitrage Fund
The fund maintains a defensive arbitrage posture with heavy banking and sovereign exposure totaling over 33 percent, signaling comfort in financial sector valuations amid stable rates. The manager's recent rotation away from liquid funds into short-term treasuries and repo suggests a tactical shift toward capturing slightly higher yields while preserving capital safety. The five fresh additions across materials, healthcare, and IT indicate selective opportunism in pockets perceived as undervalued, though top-10 concentration at 53 percent constrains true diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹15.1683 | +0.38% | +5.83% | +6.59% | — |
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 |
|---|---|
| Patanjali Foods Ltd | 3.59% |
| Tata Steel Ltd | 1.11% |
| Jio Financial Services Ltd | 0.68% |
| Persistent Systems Ltd | 0.54% |
| Fortis Health Care Ltd | 0.49% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bajaj Finance Ltd INE296A01032 | 6.75% |
| 2 | 364 Days - T Bill - 25/02/2027* IN002025Z476 | 6.50% |
| 3 | Reliance Industries Ltd INE002A01018 | 6.04% |
| 4 | State Bank of India INE062A01020 | 5.83% |
| 5 | TREPS | 5.69% |
| 6 | Larsen & Toubro Ltd INE018A01030 | 5.58% |
| 7 | HDFC Bank Ltd INE040A01034 | 5.34% |
| 8 | ICICI Bank Ltd INE090A01021 | 3.85% |
| 9 | Sundaram Liquid Fund - Direct Growth* INF173K01GU0 | 3.73% |
| 10 | Patanjali Foods Ltd INE619A01035 | 3.59% |
| 11 | REC Ltd INE020B01018 | 3.57% |
| 12 | 364 Days - T Bill - 28/08/2026* IN002025Z229 | 3.34% |
| 13 | Axis Bank Ltd INE238A01034 | 3.11% |
| 14 | ITC Ltd INE154A01025 | 2.41% |
| 15 | Sundaram Money Market Fund-Direct Plan - Growth* INF903JA1FR6 | 2.36% |
| 16 | TVS Motor Company Ltd INE494B01023 | 2.33% |
| 17 | 7.38% Central Government Securities 20/06/2027* IN0020220037 | 2.30% |
| 18 | IIFL Finance Ltd - 26/05/2026** INE530B14GB4 | 2.25% |
| 19 | National Aluminium Company Ltd INE139A01034 | 2.17% |
| 20 | 360 ONE WAM Ltd (Prev IIFL Wealth Management Ltd) - 21/01/2027** INE466L14FR8 | 2.14% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Sundaram Arbitrage Fund hold?
Sundaram Arbitrage Fund holds 41 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 30.70% of NAV.
What is the largest holding in Sundaram Arbitrage Fund?
The largest position in Sundaram Arbitrage Fund is Bajaj Finance Ltd, accounting for 6.75% of NAV in the Finance sector.
Is Sundaram Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.434, Sundaram Arbitrage Fund is well-diversified. The HHI concentration index is 35,479 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 30.70% of the portfolio.
What is the market cap allocation of Sundaram Arbitrage Fund?
Based on SEBI's AMFI classification, Sundaram Arbitrage Fund's equity portfolio is split as: Large Cap: 53.05%, Mid Cap: 13.62%, Small Cap: 1.63%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Sundaram Arbitrage Fund invest in most?
Sundaram Arbitrage Fund has the highest allocation to Banks (20.58%), Sovereign (13.25%), Finance (11.00%). The fund is invested across 25 sectors in total.
How actively managed is Sundaram Arbitrage Fund compared to other Arbitrage Fund funds?
Sundaram Arbitrage Fund has an Active Share of 72.57%, 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 Sundaram Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Sundaram Arbitrage Fund added 5 new stocks (including Patanjali Foods Ltd) and exited 5 stocks (including Ashok Leyland Ltd). Total holding count remained at 44 stocks.