Funds / Mutual Funds / Scheme 152109
Parag Parikh Arbitrage Fund
Direct Plan · Growth · PPFAS Mutual Fund · scheme code 152109 · ISIN INF879O01225
- Scheme code
- 152109
- Latest NAV
- ₹12.1651
- NAV date
- 23 Sep 2026
- Fund house
- PPFAS Mutual Fund
Reading this dossier
Data, not advice. These pages show NAV history, category and computed returns as published by AMFI, so funds can be compared side by side. StockProof does not rank funds, does not score them, and does not recommend buying, selling or holding any of them. Past NAV movement is not an indication of future returns.
Fund names here are CURRENT names, not the name the fund had on the date shown. AMFI retroactively restates historical scheme names to whatever the fund is called today: its own April 2006 file lists schemes under "Nippon India Mutual Fund", a fund house that did not exist until 2019 (it was Reliance). Measured on 2026-08-29, all 1,947 scheme codes present in both AMFI's 2018 and 2026 files showed zero name changes — not because renames are rare in the Indian fund industry, but because the history is rewritten. StockProof stores and shows only the current name and does not attempt to reconstruct point-in-time names, because AMFI publishes nothing that would make that possible. The NAV figures themselves are as published for each date and are not restated.
Long-window returns are measured only over funds that still exist. Of the 1,790 scheme codes AMFI priced in April 2006, only 568 (31%) were still being priced in 2026. Funds that closed or merged are not in a long-period comparison, so any group of surviving funds looks better than the choice an investor actually faced at the time.
Benchmark, benchmark return and AUM figures on this page are AMFI's own published disclosure — the same SEBI-mandated benchmark every fund must declare and report against, sourced from AMFI's Fund Performance data. StockProof does not compute the benchmark return itself: it shows the number AMFI and the fund house publish, exactly as published. StockProof does not rank funds or benchmarks by this figure, and this is not a recommendation to buy, sell or hold anything.
This section is matched to the scheme above by FUND NAME, not by scheme code or ISIN — AMFI's benchmark-disclosure API carries neither, unlike its NAV files. Measured 2026-08-29 across the whole universe, this name match succeeds for about 86% of funds; most misses are small spelling or punctuation drift between AMFI's own two systems, not a wrong match — a fund with no match here simply shows no data rather than another fund's. One disclosed row also covers BOTH the Regular and Direct plan of a fund together, because that is the granularity AMFI itself publishes at — one level coarser than the per-plan scheme codes StockProof otherwise tracks.
Scheme
| Latest NAV | ₹12.1651 |
|---|---|
| NAV date | 23 Sep 2026 |
| Category | Hybrid · Arbitrage |
| Structure | Open Ended |
| Status | Open — priced in AMFI's latest file |
| As published by AMFI | Open Ended Schemes(Hybrid Scheme - Arbitrage Fund)
StockProof normalizes AMFI's 104 category spellings onto 56 categories; this is the raw string behind the one shown above. |
| Stored NAV history | 709 points, 03 Nov 2023 → 23 Sep 2026 |
Benchmark & AUM
| Benchmark | Nifty 50 Arbitrage TRI |
|---|---|
| Daily AUM | ₹27.54 Bn |
| As of | 27 Aug 2026 |
| Riskometer — scheme | Low |
| Riskometer — benchmark | Low |
Fund vs benchmark
Regular and Direct are the plan's own trailing return; Benchmark is the same window's return on the declared benchmark above, as published by AMFI. A window is blank when AMFI has not published it for this fund, most often because the fund has not existed that long.
| Window | Regular | Direct | Benchmark |
|---|---|---|---|
| 1 Year | 5.84% | 6.23% | 7.05% |
| 3 Year | — | — | — |
| 5 Year | — | — | — |
| 10 Year | — | — | — |
| Since launch | 6.61% | 6.99% | see below |
"Since launch" benchmark return is shown per plan, not as one column above — the Regular and Direct plan of a fund can launch on different dates, so each is benchmarked over its own window: Regular 7.38%, Direct 7.38%.
Returns (CAGR)
Compound annual growth of NAV over each trailing window, computed from stored history with the same function the company pages use. A window is only shown as a number when the stored history genuinely reaches back that far — it is never computed over a shorter span and labelled as the longer one.
| Window | CAGR | Basis |
|---|---|---|
| 1-year | 6.59% | NAV 11.4134 on 23 Sep 2025 to 12.1651 on 23 Sep 2026 (1-year, AMFI) |
| 3-year | N/A | Stored NAV history starts 03 Nov 2023, which does not reach back a full 3 years from 23 Sep 2026. |
| 5-year | N/A | Stored NAV history starts 03 Nov 2023, which does not reach back a full 5 years from 23 Sep 2026. |
| 10-year | N/A | Stored NAV history starts 03 Nov 2023, which does not reach back a full 10 years from 23 Sep 2026. |
| Since stored history begins | 6.97% | NAV 10.0148 on 03 Nov 2023 to 12.1651 on 23 Sep 2026 (2.9 years stored, AMFI) |
"Since stored history begins" is deliberately not called "since inception" — AMFI publishes no NAV before 1 April 2006, so for an older fund its true inception NAV is not in any public AMFI feed.
Holdings X-ray
These holdings are the fund house's own SEBI-mandated monthly portfolio disclosure, read from the file the AMC publishes and shown as published. StockProof does not estimate, model or infer a single holding. The portfolio is a SNAPSHOT on the date shown — usually a month-end — and a fund can and does trade in between, so what it holds today is not necessarily what is listed here. Nothing on this page ranks funds, scores them, or recommends buying, selling or holding anything.
StockProof can only link a holding to a company page if that company is in the Nifty 500 universe it tracks. Everything the fund disclosed is listed here either way — holdings outside that universe are shown with their real names and weights and counted explicitly as "outside tracked universe", never dropped. Two coverage figures are given because they can differ enormously and either one alone is misleading: the share of holding LINES that link, and the share of disclosed WEIGHT that links. Parag Parikh Flexi Cap Fund is the standing example — under half its lines link, but around three-quarters of its weight does, because its unlinked positions are a handful of very large US holdings.
Coverage varies enormously by fund type and low coverage is a fact about the universe boundary, not a defect. Large-cap, flexi-cap and index funds typically X-ray at over 90% of disclosed weight; small-cap funds fall to roughly 44–75%, because much of what they own sits below the Nifty 500; and a pure debt fund links at zero, because bonds are not companies in StockProof's universe at all. Read the coverage figure before reading the holdings: at 45% coverage the listed companies are a minority of the fund.
The disclosed holdings usually do not add to 100% of the fund. The remainder is cash, TREPS, repo and derivative margin, which the AMC reports without a security line. Weights here are the AMC's own "% to NAV" figures, so they are shares of the WHOLE fund and can be added up directly — but the total falling short of 100% is normal and is shown rather than scaled away.
Holdings are matched to companies by ISIN — the security's own permanent identifier, never by name — so a matched company is the security the fund disclosed and not a guess. The FUND itself is matched to this page by NAME, which is weaker: measured 2026-08-30 across 625 portfolios, that name match succeeds for about 91% of funds, because the AMC's file carries no AMFI scheme code. A fund with no match simply shows no holdings section rather than another fund's. One disclosed portfolio also covers every plan and option of a fund at once, since that is the granularity the fund house publishes at.
How much of this fund StockProof can show
| Of the weight the fund disclosed, tracked | 71.9% | 69.9% of NAV, out of the 97.2% the fund disclosed in security lines |
|---|---|---|
| Of the holding lines disclosed, tracked | 81.9% | 68 of 83 positions. This can differ sharply from the weight figure above — a few very large untracked holdings move one and not the other. |
| Outside StockProof's tracked universe | 15 | 27.3% of NAV — listed in full below with real names and weights, never dropped |
| Not in any security line | 2.8% | cash, TREPS, repo and derivative margin, which the fund house reports without a security line |
Portfolio as disclosed by Parag Parikh Arbitrage Fund on 31 Aug 2026, read from the fund house's own published file (sheet PPAF). The unit check passed: 97.24% of NAV over 81 lines is consistent with 'fraction'.
| Holding | Industry / rating | % of NAV | Tracked |
|---|---|---|---|
| Cholamandalam Investment and Finance Company Ltd INE121A01024 | Finance | — | on StockProof |
| HDFC Life Insurance Company Limited INE795G01014 | Insurance | — | outside tracked universe |
| Parag Parikh Liquid Fund- Direct Plan- Growth INF879O01068 | — | 10.47% | outside tracked universe |
| ICICI Bank Limited INE090A01021 | Banks | 5.97% | on StockProof |
| HDFC Bank Limited INE040A01034 | Banks | 5.85% | on StockProof |
| Canara Bank INE476A01022 | Banks | 5.51% | on StockProof |
| Axis Bank Limited INE238A01034 | Banks | 4.70% | on StockProof |
| Reliance Industries Limited INE002A01018 | Petroleum Products | 4.41% | on StockProof |
| Bharti Airtel Limited INE397D01024 | Telecom - Services | 4.33% | on StockProof |
| Kotak Mahindra Bank Limited INE237A01036 | Banks | 4.00% | on StockProof |
| Small Industries Dev Bank of India (11/06/2027) INE556F16CE8 | CRISIL A1+ | 3.38% | outside tracked universe |
| Bharat Heavy Electricals Limited INE257A01026 | Electrical Equipment | 3.15% | on StockProof |
| State Bank of India INE062A01020 | Banks | 2.55% | on StockProof |
| IDFC First Bank Limited INE092T01019 | Banks | 2.16% | on StockProof |
| Bharat Electronics Limited INE263A01024 | Aerospace & Defense | 2.00% | on StockProof |
| Tata Steel Limited INE081A01020 | Ferrous Metals | 2.00% | on StockProof |
| Canara Bank (08/12/2026) # INE476A16J90 | CRISIL A1+ | 1.76% | outside tracked universe |
| HDFC Bank Limited (21/12/2026) INE040A16II2 | CARE A1+ | 1.75% | outside tracked universe |
| Canara Bank (08/01/2027) INE476A16F94 | CRISIL A1+ | 1.74% | outside tracked universe |
| Indian Bank (12/01/2027) INE562A16QE7 | CRISIL A1+ | 1.74% | outside tracked universe |
| National Bank For Agriculture and Rural Development (27/01/2027) INE261F16AG4 | CRISIL A1+ | 1.74% | outside tracked universe |
| NMDC Limited INE584A01023 | Minerals & Mining | 1.74% | on StockProof |
| UltraTech Cement Limited INE481G01011 | Cement & Cement Products | 1.74% | on StockProof |
| Small Industries Dev Bank of India (26/02/2027) INE556F16CC2 | CRISIL A1+ | 1.73% | outside tracked universe |
| Eicher Motors Limited INE066A01021 | Automobiles | 1.54% | on StockProof |
| Mahindra & Mahindra Limited INE101A01026 | Automobiles | 1.47% | on StockProof |
| Sun Pharmaceutical Industries Limited INE044A01036 | Pharmaceuticals & Biotechnology | 1.11% | on StockProof |
| Punjab National Bank INE160A01022 | Banks | 1.09% | on StockProof |
| Hindustan Aeronautics Limited INE066F01020 | Aerospace & Defense | 1.00% | on StockProof |
| HDFC Bank Limited (11/09/2026) INE040A16HN4 | CARE A1+ | 0.89% | outside tracked universe |
| Bank of Baroda (25/11/2026) # INE028A16KK9 | IND A1+ | 0.88% | outside tracked universe |
| GMR Airports Limited INE776C01039 | Transport Infrastructure | 0.87% | on StockProof |
| DLF Limited INE271C01023 | Realty | 0.85% | on StockProof |
| Grasim Industries Limited INE047A01021 | Cement & Cement Products | 0.82% | on StockProof |
| Bank of Baroda INE028A01039 | Banks | 0.79% | on StockProof |
| Life Insurance Corporation Of India INE0J1Y01017 | Insurance | 0.79% | outside tracked universe |
| Bajaj Finance Limited INE296A01032 | Finance | 0.72% | on StockProof |
| Bandhan Bank Limited INE545U01014 | Banks | 0.68% | on StockProof |
| NBCC (India) Limited INE095N01031 | Construction | 0.62% | on StockProof |
| Cipla Limited INE059A01026 | Pharmaceuticals & Biotechnology | 0.59% | on StockProof |
| The Indian Hotels Company Limited INE053A01029 | Leisure Services | 0.58% | on StockProof |
| NTPC Limited INE733E01010 | Power | 0.57% | on StockProof |
| Glenmark Pharmaceuticals Limited INE935A01035 | Pharmaceuticals & Biotechnology | 0.49% | on StockProof |
| Biocon Limited INE376G01013 | Pharmaceuticals & Biotechnology | 0.48% | on StockProof |
| Steel Authority of India Limited INE114A01011 | Ferrous Metals | 0.43% | on StockProof |
| Jio Financial Services Limited INE758E01017 | Finance | 0.40% | on StockProof |
| Coal India Limited INE522F01014 | Consumable Fuels | 0.39% | on StockProof |
| Indus Towers Limited INE121J01017 | Telecom - Services | 0.39% | on StockProof |
| 364 Days Tbill (MD 15/01/2027) IN002025Z419 | Sovereign | 0.35% | outside tracked universe |
| Aditya Birla Capital Limited INE674K01013 | Finance | 0.34% | on StockProof |
| LIC Housing Finance Limited INE115A01026 | Finance | 0.33% | on StockProof |
| ITC Limited INE154A01025 | Diversified FMCG | 0.32% | on StockProof |
| Hindalco Industries Limited INE038A01020 | Non - Ferrous Metals | 0.30% | on StockProof |
| Varun Beverages Limited INE200M01039 | Beverages | 0.28% | on StockProof |
| JSW Steel Limited INE019A01038 | Ferrous Metals | 0.27% | on StockProof |
| One 97 Communications Limited INE982J01020 | Financial Technology (Fintech) | 0.25% | on StockProof |
| Oil & Natural Gas Corporation Limited INE213A01029 | Oil | 0.21% | on StockProof |
| Tata Power Company Limited INE245A01021 | Power | 0.20% | on StockProof |
| Crompton Greaves Consumer Electricals Limited INE299U01018 | Consumer Durables | 0.17% | on StockProof |
| Dabur India Limited INE016A01026 | Personal Products | 0.17% | on StockProof |
| Aurobindo Pharma Limited INE406A01037 | Pharmaceuticals & Biotechnology | 0.14% | on StockProof |
| PNB Housing Finance Limited INE572E01012 | Finance | 0.10% | on StockProof |
| Inox Wind Limited INE066P01011 | Electrical Equipment | 0.09% | on StockProof |
| Divi's Laboratories Limited INE361B01024 | Pharmaceuticals & Biotechnology | 0.08% | on StockProof |
| Godrej Properties Limited INE484J01027 | Realty | 0.08% | on StockProof |
| ICICI Lombard General Insurance Company Limited INE765G01017 | Insurance | 0.08% | outside tracked universe |
| Larsen & Toubro Limited INE018A01030 | Construction | 0.08% | on StockProof |
| The Federal Bank Limited INE171A01029 | Banks | 0.08% | on StockProof |
| Tata Consumer Products Limited INE192A01025 | Agricultural Food & other Products | 0.06% | on StockProof |
| Tata Motors Passenger Vehicles Limited INE155A01022 | Automobiles | 0.06% | on StockProof |
| Yes Bank Limited INE528G01035 | Banks | 0.06% | on StockProof |
| Hindustan Unilever Limited INE030A01027 | Diversified FMCG | 0.05% | on StockProof |
| Indian Oil Corporation Limited INE242A01010 | Petroleum Products | 0.05% | on StockProof |
| Asian Paints Limited INE021A01026 | Consumer Durables | 0.04% | on StockProof |
| Solar Industries India Limited INE343H01029 | Chemicals & Petrochemicals | 0.04% | on StockProof |
| AU Small Finance Bank Limited INE949L01017 | Banks | 0.02% | on StockProof |
| Power Grid Corporation of India Limited INE752E01010 | Power | 0.02% | on StockProof |
| Bajaj Finserv Limited INE918I01026 | Finance | 0.01% | on StockProof |
| Fortis Healthcare Limited INE061F01013 | Healthcare Services | 0.01% | on StockProof |
| SBI Life Insurance Company Limited INE123W01016 | Insurance | 0.01% | outside tracked universe |
| Torrent Pharmaceuticals Limited INE685A01028 | Pharmaceuticals & Biotechnology | 0.01% | on StockProof |
| TVS Motor Company Limited INE494B01023 | Automobiles | 0.01% | on StockProof |
| Zydus Lifesciences Limited INE010B01027 | Pharmaceuticals & Biotechnology | 0.01% | on StockProof |
Every line the fund house disclosed is listed above, in the order it weighs. Weights are the fund house's own "% to NAV" figures, normalised to a percentage of the whole fund; they are not rescaled to add to 100%.
Active share & tracking error
Active share (Cremers & Petajisto, 2009) is half the sum of the absolute difference between this fund's disclosed weight and the benchmark proxy's disclosed weight, security by security. Tracking error (Roll, 1992) is the annualized standard deviation of the daily difference between this fund's return and the proxy's, over the days both have a stored NAV. Neither is a rating or a score; both describe how much this fund's actual holdings and returns differ from a portfolio that simply held the benchmark.
StockProof has no official total-return index (TRI) data — the price feed it stores tracks an index's PRICE only, which understates a real TRI benchmark by roughly its dividend yield. Instead, both figures are computed against another fund: an index fund that tracks the same benchmark, whose own NAV already reflects reinvested dividends and whose own disclosed portfolio stands in for the benchmark's constituent weights. Measured directly: two different index funds on the same benchmark differ from each other by only 2–3 basis points a year of tracking error — two orders of magnitude below any actively managed fund's real figure — which is what licenses using one as a stand-in for the true benchmark. This proxy is hand-picked and verified for 24 declared benchmarks; a fund benchmarked to anything else shows no active share or tracking error, not a guessed one.
This fund's declared benchmark is Nifty 50 Arbitrage TRI, but no benchmark proxy has been hand-verified for “Nifty 50 Arbitrage TRI”.