Tata Mutual Fund · Direct Growth · SEBI Category: Arbitrage
Tata Arbitrage Fund is managed by Tata Mutual Fund — one of India's most trusted brand names in financial services with a track record spanning over 25 years. Despite being launched in 2018, the fund has quickly established a strong performance track record — consistently delivering among the highest 3-year returns in the arbitrage category. With over Rs.15,000 crore in AUM, investor acceptance has been rapid.
The fund has achieved the highest Sharpe ratio among the five arbitrage funds on this page — reflecting exceptional return per unit of risk. Sailesh Jain's arbitrage execution expertise and Tata AMC's operational infrastructure for derivatives trading have been key contributors to the fund's competitive performance. The non-arbitrage cash portion is managed conservatively in high-quality short-duration debt instruments.
Sailesh Jain manages the equity and arbitrage component of Tata Arbitrage Fund while Murthy Nagarajan manages the fixed income sleeve as Head of Fixed Income at Tata Mutual Fund. Nagarajan is one of India's most experienced debt fund managers with a strong track record in managing short duration and conservative fixed income portfolios. Together they bring specialist expertise to both components of the arbitrage fund.
For current co-manager details and full biography, refer to the latest Tata 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 | ₹42.37 | ₹43.5K Cr Jan–Mar 2026 | +6.3% | +7.6% p.a. | +6.7% p.a. | 1.39 |
| Invesco India Arbitrage Fund | ₹36.56 | ₹20.4K Cr Jan–Mar 2026 | +6.4% | +7.6% p.a. | +6.8% p.a. | 1.39 |
| ICICI Prudential Equity Arbitrage Fund | ₹38.88 | ₹19.2K Cr Jan–Mar 2026 | +6.2% | +7.4% p.a. | +6.5% p.a. | 1.20 |
| Aditya Birla Sun Life Arbitrage Fund | ₹30.30 | ₹18.3K Cr Jan–Mar 2026 | +6.3% | +7.5% p.a. | +6.6% p.a. | 1.31 |
| Tata Arbitrage Fund ▲ | ₹16.01 | ₹15.5K Cr Jan–Mar 2026 | +6.4% | +7.6% p.a. | +6.7% p.a. | 1.49 |
Calculated from 1,836 daily NAV records in RightAdvise DB. Last calculated: Jun 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: Jun 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 Tata Arbitrage Fund ranks against other Arbitrage funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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