Axis Income Plus Arbitrage Passive FOF
FoF Domestic · Axis Asset Management Co. Ltd.
Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹99,880. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Axis Income Plus Arbitrage Passive FOF is a FoF Domestic fund from Axis Asset Management Co. Ltd.. It has a track record of about 0.8 years. The current NAV is ₹10.53 (as of 2026-09-16).
Growth of ₹100 - last 1 years
Axis Income Plus Arbitrage Passive FOF returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.46% | -1.68% |
| 3 months | 1.77% | -0.37% |
| 6 months | 3.32% | 2.56% |
Year-by-year returns
| Year | Axis Income Plus Arbit | Benchmark |
|---|---|---|
| 2026 | +4.5% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -0.12% | -18.66% |
| Volatility (1Y) | 1.03% | 23.47% |
The worst peak-to-bottom fall Axis Income Plus Arbitrage Passive FOF has ever put investors through is -0.12% - the real test of whether you'd have stayed invested.
How Axis Income Plus Arbitrage Passive FOF behaves when markets fall
Its deepest fall on record is -0.12%. Right now it sits about 0.05% below its all-time high (last hit 2026-09-10). The real question isn't the average year - it's whether you could hold on through the worst one.
How Axis Income Plus Arbitrage Passive FOF ranks in its category
Percentile versus its ~470 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
Rolling-return data isn't available for this fund yet.
Who manages Axis Income Plus Arbitrage Passive FOF - and how good are they?
Axis Income Plus Arbitrage Passive FOF is managed by Devang Shah, Aditya Pagaria and Hardik Satra. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Devang Shah's full record
Devang Shah currently runs 15 funds, across Arbitrage Fund, Conservative Hybrid Fund, Credit Risk Fund, Dynamic Bond and more, with about ₹85,015 Cr under management. The book's average King Score is 65.8/100. Their strongest fund by King Score is Axis Liquid Fund (89/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Liquid Fund | 98 | 89 | 1.7% | 3.5% | 6.7% | 7.0% | 6.4% | 6.2% | 1.41 | 7.0% | -0.2% |
| 2 | Axis Treasury Advantage Fund | 91 | 89 | 1.7% | 3.3% | 6.5% | 7.4% | 6.7% | 7.0% | 1.56 | 7.7% | -1.5% |
| 3 | Axis Money Market Fund | 95 | 85 | 2.0% | 3.5% | 6.7% | 7.5% | 6.8% | n/a | 1.67 | 6.2% | -1.2% |
| 4 | Axis Credit Risk Fund | 87 | 84 | 2.2% | 4.4% | 8.6% | 8.8% | 7.7% | 7.7% | 2.31 | 7.3% | -3.5% |
| 5 | Axis Dynamic Bond Fund | 92 | 82 | 1.6% | 3.4% | 6.4% | 7.4% | 6.2% | 7.4% | 0.43 | 8.2% | -7.1% |
| 6 | Axis Long Duration Fund | 79 | 81 | 0.7% | 1.8% | 2.4% | 5.7% | n/a | n/a | -0.19 | 6.5% | -5.6% |
| 7 | Axis Arbitrage Fund | 85 | 77 | 1.6% | 3.1% | 6.7% | 7.4% | 6.8% | 6.5% | 0.89 | 6.7% | -0.6% |
| 8 | Axis Income Plus Arbitrage Active FOF | 56 | 62 | 1.4% | 3.0% | 6.0% | 7.8% | 6.6% | n/a | 0.71 | 6.5% | -2.8% |
| 9 | Axis Retirement Fund - Dynamic | 45 | 62 | 0.5% | 5.6% | -1.7% | 11.0% | 7.7% | n/a | 0.36 | 14.3% | -17.1% |
| 10 | Axis Retirement Fund - Conservative | 24 | 52 | -0.3% | -0.1% | -0.3% | 7.1% | 6.0% | n/a | 0.1 | 9.7% | -12.7% |
| 11 | Axis Conservative Hybrid Fund | 43 | 38 | 0.4% | -1.6% | -3.2% | 0.9% | 0.1% | 0.8% | -0.98 | 1.8% | -17.6% |
| 12 | Axis Multi Asset Allocation Fund | 72 | 37 | 1.4% | 2.9% | 8.8% | 13.1% | 8.9% | 11.7% | 0.63 | 10.9% | -27.4% |
| 13 | Axis Conservative Hybrid Fund | 21 | 17 | -1.2% | -2.1% | -4.1% | -1.9% | -2.3% | -0.5% | -1.42 | 0.6% | -15.4% |
| 14 | Axis Income Plus Arbitrage Passive FOF | n/a | n/a | 1.8% | 3.3% | n/a | n/a | n/a | n/a | n/a | n/a | -0.1% |
| 15 | Axis Multi-Asset Active FoF | n/a | n/a | 1.8% | 6.6% | n/a | n/a | n/a | n/a | n/a | n/a | -8.6% |
Aditya Pagaria's full record
Aditya Pagaria currently runs 17 funds, across Floater Fund, FoF Domestic, Index Funds, Liquid Fund and more, with about ₹79,987 Cr under management. The book's average King Score is 74.6/100. Their strongest fund by King Score is Axis Liquid Fund (89/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Liquid Fund | 98 | 89 | 1.7% | 3.5% | 6.7% | 7.0% | 6.4% | 6.2% | 1.41 | 7.0% | -0.2% |
| 2 | Axis Treasury Advantage Fund | 91 | 89 | 1.7% | 3.3% | 6.5% | 7.4% | 6.7% | 7.0% | 1.56 | 7.7% | -1.5% |
| 3 | Axis Money Market Fund | 95 | 85 | 2.0% | 3.5% | 6.7% | 7.5% | 6.8% | n/a | 1.67 | 6.2% | -1.2% |
| 4 | Axis Floater Fund | 99 | 80 | 2.2% | 4.0% | 7.3% | 8.3% | 7.2% | n/a | 0.78 | 8.1% | -1.3% |
| 5 | Axis CRISIL IBX SDL May 2027 Index Fund | 82 | 78 | 1.6% | 3.0% | 6.3% | 7.5% | n/a | n/a | 1.07 | 7.8% | -3.6% |
| 6 | AXIS CRISIL IBX 50 50 Gilt Plus SDL September 2027 Index Fund | 77 | 78 | 1.5% | 2.8% | 5.9% | 7.4% | n/a | n/a | 0.99 | 7.3% | -0.4% |
| 7 | Axis Nifty SDL September 2026 Debt Index Fund | 75 | 74 | 1.4% | 2.8% | 5.8% | 7.2% | n/a | n/a | 1.04 | 7.5% | -0.3% |
| 8 | Axis Silver Fund of Fund | 94 | 73 | -8.6% | -9.0% | 76.0% | 45.3% | n/a | n/a | 1.03 | 46.4% | -35.3% |
| 9 | Axis Gold Fund | 79 | 63 | 0.4% | -2.6% | 36.7% | 35.3% | 25.1% | 16.0% | 1.28 | 10.9% | -26.1% |
| 10 | Axis Multi Asset Allocation Fund | 72 | 37 | 1.4% | 2.9% | 8.8% | 13.1% | 8.9% | 11.7% | 0.63 | 10.9% | -27.4% |
| 11 | Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund | 87 | n/a | 1.9% | 3.5% | 6.5% | n/a | n/a | n/a | 1.25 | n/a | -0.2% |
| 12 | Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund | 85 | n/a | 1.8% | 3.4% | 6.1% | n/a | n/a | n/a | 0.9 | n/a | -0.3% |
| 13 | Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund | 85 | n/a | 1.8% | 3.3% | 6.3% | n/a | n/a | n/a | 0.96 | n/a | -0.3% |
| 14 | Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | n/a | n/a | 1.9% | 3.7% | n/a | n/a | n/a | n/a | n/a | n/a | -0.1% |
| 15 | Axis Income Plus Arbitrage Passive FOF | n/a | n/a | 1.8% | 3.3% | n/a | n/a | n/a | n/a | n/a | n/a | -0.1% |
| 16 | Axis Multi-Asset Active FoF | n/a | n/a | 1.8% | 6.6% | n/a | n/a | n/a | n/a | n/a | n/a | -8.6% |
| 17 | Axis Gold and Silver Passive FOF | n/a | n/a | -3.5% | -5.1% | n/a | n/a | n/a | n/a | n/a | n/a | -22.3% |
Hardik Satra's full record
Hardik Satra currently runs 1 fund, across FoF Domestic, with about ₹102 Cr under management.
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.02% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹102 Cr |
| Age | 0.8 years |
| Plan / Option | Direct · Growth |
How Axis Income Plus Arbitrage Passive FOF compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| UTI Gold ETF Fund of Fund | 88 | 82 | 36.0% |
| Motilal Oswal Gold and Silver Passive Fund of Funds(Direct ) | 88 | 78 | 37.9% |
| LIC MF Gold ETF Fund of Fund | 74 | 78 | 35.5% |
| Edelweiss Gold and Silver ETF FOF | 88 | 77 | 40.5% |
| Nippon India Multi - Asset Omni FoF | 63 | 76 | 15.7% |
| Axis Silver Fund of Fund | 94 | 73 | 45.3% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Axis Income Plus Arbitrage Passive FOF review: the bottom line
Related
Frequently asked questions
Is Axis Income Plus Arbitrage Passive FOF a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Axis Income Plus Arbitrage Passive FOF scores within its category, and its worst drawdown was -0.12%. Compare those against your needs and the peer table above.
What is the NAV of Axis Income Plus Arbitrage Passive FOF today?
The latest NAV is ₹10.53 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Axis Income Plus Arbitrage Passive FOF?
The Direct-plan expense ratio is 0.02% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Axis Income Plus Arbitrage Passive FOF?
Axis Income Plus Arbitrage Passive FOF is managed by Devang Shah; Aditya Pagaria; Hardik Satra.
Is Axis Income Plus Arbitrage Passive FOF safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -0.12% - ₹1 lakh briefly becoming about ₹99,880. As a index & fof, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Axis Income Plus Arbitrage Passive FOF tax-efficient / what about capital gains?
As a index & fof, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Axis Income Plus Arbitrage Passive FOF live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.