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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹15.1616 | +0.39% | +1.38% | +2.91% | +5.79% | +6.61% | — |
Portfolio Metrics(latest month)
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.