UTI Arbitrage Fund
The fund maintains its core arbitrage strategy with two-thirds equity exposure anchored in banking sector largecaps, while deploying a thirteenth of assets in money market funds for liquidity management. The manager rotated holdings this month—trimming liquid fund weightings and swapping defensive cyclicals for growth-oriented names in chemicals and IT—suggesting confidence in capturing spreads from a broadening market rather than defensive positioning. Despite modest monthly returns, the concentrated top-10 structure and tactical rebalancing indicate the manager is actively hunting arbitrage opportunities across wider market segments rather than sitting passively on cash.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹39.3714 | +0.30% | — | — | — |
| Regular Growth | ₹36.8328 | +0.26% | +5.98% | +6.96% | +6.00% |
| Direct IDCW | ₹23.0305 | +0.30% | — | — | — |
| Regular IDCW | ₹20.8079 | +0.26% | — | — | — |
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 |
|---|---|
| EQ - SUPREME INDUSTRIES LTD. | 0.09% |
| EQ - SRF LTD. | 0.07% |
| EQ - INFO-EDGE (INDIA) LTD. | 0.06% |
| EQ - 360 ONE WAM LIMITED | 0.05% |
| EQ - VEDANTA LTD | 0.05% |
| EQ - OIL INDIA LTD. | 0.03% |
| EQ - MUTHOOT FINANCE LTD. | 0.03% |
| EQ - TUBE INVESTMENTS OF INDIA LTD | 0.02% |
| EQ - VISHAL MEGA MART LTD | 0.02% |
| EQ - MULTI COMMODITY EXCHANGE OF IN | 0.02% |
| EQ - AVENUE SUPERMARTS LTD. | 0.02% |
| EQ - INDIAN BANK | 0.00% |
| EQ - PIDILITE INDUSTRIES LTD. | 0.00% |
| CD - HDFC BANK LTD. - 22/01/2027 | 1.09% |
| CD - HDFC BANK LTD - 21/09/2026 | 0.90% |
| CD - AXIS BANK LTD - 16/12/2026 | 0.44% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | MF UNITS UTI-MONEY MARKET FUND INF789F01XV6 | 13.41% |
| 2 | EQ - HDFC BANK LIMITED INE040A01034 | 5.42% |
| 3 | EQ - ICICI BANK LTD INE090A01021 | 3.61% |
| 4 | EQ - KOTAK MAHINDRA BANK LTD. INE237A01036 | 3.61% |
| 5 | EQ - RELIANCE INDUSTRIES LTD. INE002A01018 | 2.87% |
| 6 | EQ - STATE BANK OF INDIA INE062A01020 | 2.74% |
| 7 | CD - CANARA BANK - 28/01/2027 INE476A16G28 | 2.62% |
| 8 | NET CURRENT ASSETS | 2.58% |
| 9 | CD - UNION BANK OF INDIA - 19/01/2027 INE692A16KU1 | 2.41% |
| 10 | EQ - BHARTI AIRTEL LTD. INE397D01024 | 2.29% |
| 11 | EQ - STEEL AUTHORITY OF INDIA LTD. INE114A01011 | 2.25% |
| 12 | MF UNITS UTI - FLOATER FUND INF789F1ACX5 | 2.17% |
| 13 | MF UNITS UTI LIQUID FUND INF789F01XQ6 | 2.03% |
| 14 | EQ - ITC LTD. INE154A01025 | 1.95% |
| 15 | EQ - ETERNAL LIMITED INE758T01015 | 1.78% |
| 16 | CD - SMALL INDST. DEV. BANK OF INDIA - 09/02/2027 INE556F16CA6 | 1.74% |
| 17 | EQ - JSW STEEL LTD. INE019A01038 | 1.69% |
| 18 | EQ - NMDC LTD. INE584A01023 | 1.25% |
| 19 | EQ - JIO FINANCIAL SERVICES LTD INE758E01017 | 1.22% |
| 20 | EQ - VODAFONE IDEA LTD INE669E01016 | 1.11% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does UTI Arbitrage Fund hold?
UTI Arbitrage Fund holds 162 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 28.92% of NAV.
What is the largest holding in UTI Arbitrage Fund?
The largest position in UTI Arbitrage Fund is MF UNITS UTI-MONEY MARKET FUND, accounting for 13.41% of NAV in the - sector.
Is UTI Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.680, UTI Arbitrage Fund is highly concentrated. The HHI concentration index is 32,358 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 28.92% of the portfolio.
What is the market cap allocation of UTI Arbitrage Fund?
Based on SEBI's AMFI classification, UTI Arbitrage Fund's equity portfolio is split as: Large Cap: 38.33%, Mid Cap: 18.17%, Small Cap: 6.14%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does UTI Arbitrage Fund invest in most?
UTI Arbitrage Fund has the highest allocation to Banks (21.36%), - (17.61%), CRISIL-A1+ (7.36%). The fund is invested across 44 sectors in total.
How actively managed is UTI Arbitrage Fund compared to other Arbitrage Fund funds?
UTI Arbitrage Fund has an Active Share of 52.39%, classifying it as "Active Stock Picker" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in UTI Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, UTI Arbitrage Fund added 16 new stocks (including EQ - SUPREME INDUSTRIES LTD.) and exited 16 stocks (including 182 DAYS T-BILL - 11/06/2026). Total holding count remained at 166 stocks.