UTI Arbitrage Fund

UTI Mutual Fund·Arbitrage Fund·vs Nifty 50 Arbitrage TRI

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	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹39.3575	+0.35%	—	—	—	—	—
Regular Growth	₹36.8203	+0.30%	+1.29%	+2.89%	+5.95%	+6.98%	+5.99%
Direct IDCW	₹23.0224	+0.35%	—	—	—	—	—
Regular IDCW	₹20.8008	+0.30%	—	—	—	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

162

Top 5 Weight

28.92%

Top 10 Weight

41.23%

Active Share

—

Large Cap

38.33%

Gini

0.680

What Changed2026-03-31 → 2026-04-30

Holdings: 166 → 166+16 added−16 removed43 weight shifts ≥ 0.1%

Stock	Sector	Weight
EQ - SUPREME INDUSTRIES LTD.	Industrial Products	0.09%
EQ - SRF LTD.	Chemicals & Petrochemicals	0.07%
EQ - INFO-EDGE (INDIA) LTD.	Retailing	0.06%
EQ - 360 ONE WAM LIMITED	Capital Markets	0.05%
EQ - VEDANTA LTD	Diversified Metals	0.05%
EQ - OIL INDIA LTD.	Oil	0.03%
EQ - MUTHOOT FINANCE LTD.	Finance	0.03%
EQ - TUBE INVESTMENTS OF INDIA LTD	Auto Components	0.02%
EQ - VISHAL MEGA MART LTD	Retailing	0.02%
EQ - MULTI COMMODITY EXCHANGE OF IN	Capital Markets	0.02%
EQ - AVENUE SUPERMARTS LTD.	Retailing	0.02%
EQ - INDIAN BANK	Banks	0.00%
EQ - PIDILITE INDUSTRIES LTD.	Chemicals & Petrochemicals	0.00%
CD - HDFC BANK LTD. - 22/01/2027	CARE-A1+	1.09%
CD - HDFC BANK LTD - 21/09/2026	CARE-A1+	0.90%
CD - AXIS BANK LTD - 16/12/2026	CRISIL-A1+	0.44%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	MF UNITS UTI-MONEY MARKET FUND INF789F01XV6	-	MUTUAL_FUND	13.41%
2	EQ - HDFC BANK LIMITED INE040A01034	Banks	EQUITY	5.42%
3	EQ - ICICI BANK LTD INE090A01021	Banks	EQUITY	3.61%
4	EQ - KOTAK MAHINDRA BANK LTD. INE237A01036	Banks	EQUITY	3.61%
5	EQ - RELIANCE INDUSTRIES LTD. INE002A01018	Petroleum Products	EQUITY	2.87%
6	EQ - STATE BANK OF INDIA INE062A01020	Banks	EQUITY	2.74%
7	CD - CANARA BANK - 28/01/2027 INE476A16G28	CRISIL-A1+	DEBT	2.62%
8	NET CURRENT ASSETS		CASH_EQUIVALENT	2.58%
9	CD - UNION BANK OF INDIA - 19/01/2027 INE692A16KU1	ICRA-A1+	DEBT	2.41%
10	EQ - BHARTI AIRTEL LTD. INE397D01024	Telecom - Services	EQUITY	2.29%
11	EQ - STEEL AUTHORITY OF INDIA LTD. INE114A01011	Ferrous Metals	EQUITY	2.25%
12	MF UNITS UTI - FLOATER FUND INF789F1ACX5	-	MUTUAL_FUND	2.17%
13	MF UNITS UTI LIQUID FUND INF789F01XQ6	-	MUTUAL_FUND	2.03%
14	EQ - ITC LTD. INE154A01025	Diversified FMCG	EQUITY	1.95%
15	EQ - ETERNAL LIMITED INE758T01015	Retailing	EQUITY	1.78%
16	CD - SMALL INDST. DEV. BANK OF INDIA - 09/02/2027 INE556F16CA6	CARE-A1+	DEBT	1.74%
17	EQ - JSW STEEL LTD. INE019A01038	Ferrous Metals	EQUITY	1.69%
18	EQ - NMDC LTD. INE584A01023	Minerals & Mining	EQUITY	1.25%
19	EQ - JIO FINANCIAL SERVICES LTD INE758E01017	Finance	EQUITY	1.22%
20	EQ - VODAFONE IDEA LTD INE669E01016	Telecom - Services	EQUITY	1.11%

Sector Allocation

Banks21.4%

-17.6%

CRISIL-A1+7.4%

Finance6.0%

Ferrous Metals4.5%

Pharmaceuticals & Biotechnology4.1%

Telecom - Services4.0%

CARE-A1+3.7%

Petroleum Products3.0%

ICRA-A1+2.4%

Top 10 sectors by % to NAV. Excludes derivatives.