About Zerodha CASE Arbitrage Fund
Zerodha CASE Arbitrage Fund is a arbitrage fund managed by Zerodha CASE 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.
The investment objective of the Scheme is to generate income and capital appreciation by investing in arbitrage opportunities in the cash and derivatives segments of the equity market, including opportunities within the derivatives segment, and by investing the remaining portion in debt and money market instruments. There is no assurance that the investment objective of the scheme would be achieved.
The scheme's stated objective, as published by Zerodha CASE 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 Option | ₹10.1446 | 154619 |
Frequently asked questions
What is the NAV of Zerodha CASE Arbitrage Fund today?
The NAV of Zerodha CASE Arbitrage Fund (Direct plan, Growth) is ₹10.1446, as of 13 Nov 2026.
What returns has Zerodha CASE Arbitrage Fund given?
Over the last year the Direct plan returned –. Past returns do not guarantee future returns.
What is the expense ratio of Zerodha CASE Arbitrage Fund?
The Direct plan charges 3.83% 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 Zerodha CASE Arbitrage Fund?
You can start a monthly SIP with ₹1,000, or invest a lump sum of ₹5,000 or more.
How much has Zerodha CASE Arbitrage Fund fallen in the past?
Its deepest fall was 0.3% from 31 Aug 2026 to 4 Sept 2026.
Which category does Zerodha CASE Arbitrage Fund belong to?
It is a Arbitrage Fund from Zerodha CASE 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.
How are gains from Zerodha CASE 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.