Tata Arbitrage Fund
Tata Mutual Fund·Arbitrage Fund·vs Nifty 50 Arbitrage TRI
Tata Arbitrage Fund maintains a financial-sector-focused arbitrage strategy with heavy banking concentration at 19%, reinforced by a substantial internal money market fund holding that signals confidence in short-term rate opportunities. The month's shifts reveal active rebalancing away from TREPS into equity and the money market fund, alongside portfolio refreshes in power and industrials, suggesting the manager is rotating tactically within a stable arbitrage thesis while preserving capital preservation credentials.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹15.9758 | — | — | — | — | — | — |
| Regular Growth | ₹15.0855 | +0.30% | +1.31% | +2.94% | +5.88% | +6.84% | +5.87% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
164
Top 5 Weight
28.44%
Top 10 Weight
38.14%
Active Share
—
Large Cap
42.65%
Gini
0.621
What Changed2026-03-31 → 2026-04-30
Holdings: 174 → 175+16 added−15 removed68 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| ADANI POWER LTD | 0.38% |
| INDUSIND BANK LTD | 0.30% |
| UPL LTD | 0.06% |
| ABB INDIA LTD | 0.06% |
| SUPREME INDUSTRIES LTD | 0.06% |
| POLYCAB INDIA LTD | 0.02% |
| UNION BANK OF INDIA | 0.02% |
| INFOSYS LTD | 0.00% |
| BHARAT FORGE LTD | 0.00% |
| TATA ULTRA SHORT TERM FUND | 0.83% |
| ** - NABARD - CD - 28/01/2027 | 1.63% |
| ** - HDFC BANK LTD - CD - 15/02/2027 | 0.76% |
| ** - NABARD - CD - 17/03/2027 | 0.75% |
| ** - NABARD - CD - 22/01/2027 | 0.65% |
| ** - CANARA BANK - CD - 04/03/2027 | 0.43% |
| ** - CANARA BANK - CD - 12/03/2027 | 0.43% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TATA MONEY MARKET FUND INF277K01PR6 | 13.16% |
| 2 | HDFC BANK LTD INE040A01034 | 6.94% |
| 3 | STATE BANK OF INDIA INE062A01020 | 3.15% |
| 4 | ICICI BANK LTD INE090A01021 | 2.87% |
| 5 | KOTAK MAHINDRA BANK LTD INE237A01036 | 2.32% |
| 6 | ** - SMALL INDUST DEVLOP BANK OF INDIA - CD - 23/10/2026 INE556F16BM3 | 2.22% |
| 7 | JSW STEEL LTD INE019A01038 | 1.98% |
| 8 | BHARTI AIRTEL LTD INE397D01024 | 1.88% |
| 9 | JIO FINANCIAL SERVICES LTD INE758E01017 | 1.81% |
| 10 | ** 09.20 % SHRIRAM FINANCE LTD - 22/05/2026 INE721A07SB0 | 1.81% |
| 11 | ** - NABARD - CD - 28/01/2027 INE261F16AH2 | 1.63% |
| 12 | ITC LTD INE154A01025 | 1.61% |
| 13 | MULTI COMMODITY EXCHANGE OF IND LTD INE745G01043 | 1.48% |
| 14 | BHARAT ELECTRONICS LTD INE263A01024 | 1.32% |
| 15 | SHRIRAM FINANCE LTD INE721A01047 | 1.28% |
| 16 | VODAFONE IDEA LTD INE669E01016 | 1.26% |
| 17 | STEEL AUTHORITY INDIA LTD INE114A01011 | 1.24% |
| 18 | VARUN BEVERAGES LTD INE200M01039 | 1.15% |
| 19 | BHARAT HEAVY ELECTRICALS LTD INE257A01026 | 1.06% |
| 20 | HINDUSTAN AERONAUTICS LTD INE066F01020 | 1.01% |
Sector Allocation
Banks19.1%
CAPITAL MARKETS14.0%
Finance6.1%
Telecom - Services4.0%
Ferrous Metals3.5%
Power3.0%
Pharmaceuticals & Biotechnology2.9%
Insurance2.4%
Aerospace & Defense2.3%
Petroleum Products1.8%
Top 10 sectors by % to NAV. Excludes derivatives.