ICICI Prudential Mutual Fund · Direct Growth · SEBI Category: Arbitrage
ICICI Prudential Equity Arbitrage Fund is one of India's largest and most established arbitrage funds, managed by ICICI Prudential AMC — the country's leading fund house by equity AUM. The fund has operated since 2006, giving it nearly two decades of arbitrage execution experience across multiple market volatility regimes. ICICI Prudential's large dealing desk and derivatives expertise provide a strong operational foundation.
The fund's investment approach captures cash-futures arbitrage spreads across a large number of stocks simultaneously, providing highly diversified arbitrage exposure. The non-arbitrage portion (typically 30 to 35%) is invested in high-quality debt instruments — primarily AAA-rated bonds, government securities and money market instruments — to generate additional return with minimal credit risk.
Kayzad Eghlim and Anuj Tagra co-manage the ICICI Prudential Equity Arbitrage Fund. Kayzad Eghlim is Head of Passive Investments and ETFs at ICICI Prudential MF and brings expertise in systematic, rule-based investment strategies. Anuj Tagra manages the fixed income component. Together they leverage ICICI Pru's large scale and execution infrastructure to run one of India's largest arbitrage funds efficiently.
For current co-manager details and full biography, refer to the latest ICICI Prudential Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| Kotak Arbitrage Fund | ₹42.80 | ₹43.5K Cr Jan–Mar 2026 | +6.6% | +7.7% p.a. | +6.9% p.a. | 1.50 |
| Invesco India Arbitrage Fund | ₹36.92 | ₹20.4K Cr Jan–Mar 2026 | +6.7% | +7.7% p.a. | +7.0% p.a. | 1.51 |
| ICICI Prudential Equity Arbitrage Fund ▲ | ₹39.28 | ₹19.2K Cr Jan–Mar 2026 | +6.5% | +7.5% p.a. | +6.7% p.a. | 1.31 |
| Aditya Birla Sun Life Arbitrage Fund | ₹30.62 | ₹18.3K Cr Jan–Mar 2026 | +6.6% | +7.6% p.a. | +6.7% p.a. | 1.42 |
| Tata Arbitrage Fund | ₹16.17 | ₹15.5K Cr Jan–Mar 2026 | +6.7% | +7.7% p.a. | +6.8% p.a. | 1.57 |
Calculated from 3,325 daily NAV records in RightAdvise DB. Last calculated: Jul 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jul 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how ICICI Prudential Equity Arbitrage Fund ranks against other Arbitrage funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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