About ICICI Prudential Arbitrage Fund
ICICI Prudential Arbitrage Fund is a arbitrage fund managed by ICICI Prudential Mutual Fund. Earn the price difference between the cash and futures markets. Low risk, and taxed as equity, which makes them tax-efficient for short periods.
To generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in debt and money market instruments. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
The scheme's stated objective, as published by ICICI Prudential Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹40.089 | 120364 |
| Direct | IDCW | ₹17.9676 | 120365 |
| Regular | Growth | ₹37.1188 | 104683 |
| Regular | IDCW | ₹15.4829 | 104681 |
Frequently asked questions
What is the NAV of ICICI Prudential Arbitrage Fund today?
The NAV of ICICI Prudential Arbitrage Fund (Direct plan, Growth) is ₹40.089 and the Regular plan NAV is ₹37.1188, as of 13 Nov 2026.
What returns has ICICI Prudential Arbitrage Fund given?
Over the last year the Direct plan returned 6.56%, and 7.26% a year over 3 years and 6.79% a year over 5 years. That places it 10 of 26 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of ICICI Prudential Arbitrage Fund?
The Direct plan charges 1.63% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in ICICI Prudential Arbitrage Fund?
You can start a monthly SIP with ₹500, or invest a lump sum of ₹500 or more.
How much has ICICI Prudential Arbitrage Fund fallen in the past?
Its deepest fall was 0.6% from 29 May 2020 to 3 Jun 2020. Of every one-year stretch in its history, 100% ended in a gain.
What does ICICI Prudential Arbitrage Fund invest in?
As on 31 Jul 2026 it held 183 positions, the largest being ICICI Prudential Money Market Fund - Direct Plan - Growth (15.4%), Bharti Airtel Ltd (4.3%), Reliance Industries Ltd (3.6%). Its biggest sector was banks at 14.8% of the fund. Portfolios change every month.
Which category does ICICI Prudential Arbitrage Fund belong to?
It is a Arbitrage Fund from ICICI Prudential Mutual Fund. Earn the price difference between the cash and futures markets. Low risk, and taxed as equity, which makes them tax-efficient for short periods.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from ICICI Prudential Arbitrage Fund taxed?
How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.