SBI Arbitrage Opportunities Fund
Arbitrage Fund · SBI Funds Management Limited
Among the 180 similar arbitrage funds we track, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.4 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹16.8 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹99,350. 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.SBI Arbitrage Opportunities Fund is a arbitrage fund from SBI Funds Management Limited. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 76/99 (its recent momentum versus category peers) and a King Score of 74/100 (a long-term quality composite). The current NAV is ₹38.75 (as of 2026-09-16).
Growth of ₹100 - last 5 years
SBI Arbitrage Opportunities Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.48% | 0.49% |
| 3 months | 1.59% | 1.59% |
| 6 months | 3.06% | 3.04% |
| 1 year | 6.51% | 6.58% |
| 3 years (CAGR) | 7.3% | 7.24% |
| 5 years (CAGR) | 6.82% | 6.59% |
| 10 years (CAGR) | 6.25% | 6.22% |
The last 10 years return of SBI Arbitrage Opportunities Fund works out to 6.25% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹1.8 lakh today. The last 5 years return is 6.82% a year (₹1 lakh → ₹1.4 lakh), and the last 3 years return is 7.3% - ahead of its category's 7.24% average by 0.1 points. Its trailing one-year return is 6.51%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | SBI Arbitrage Opportun | Benchmark |
|---|---|---|
| 2018 | +6.9% | -3.4% |
| 2019 | +6.5% | +7.7% |
| 2020 | +4.0% | +16.7% |
| 2021 | +4.4% | +30.2% |
| 2022 | +5.1% | +3.0% |
| 2023 | +8.0% | +25.8% |
| 2024 | +8.1% | +15.2% |
| 2025 | +7.0% | +6.7% |
| 2026 | +4.5% | -5.8% |
SBI Arbitrage Opportunities Fund beat its benchmark in 4 of the last 9 calendar years. A below-par hit-rate versus its own index is worth weighing against its other strengths. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in SBI Arbitrage Opportunities Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹410,814 | 6.91% |
| 5 years | ₹610,000 | ₹729,720 | 7.1% |
| 10 years | ₹1,210,000 | ₹1,683,224 | 6.42% |
Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹1,683,224 - an XIRR of 6.42%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -0.65% | -2.69% |
| Worst drawdown (3Y) | -0.25% | -0.27% |
| Volatility (1Y) | 1.11% | 1.2% |
| Sharpe (3Y) | 0.79 | 0.63 |
| Sortino (3Y) | 2.33 | 1.85 |
| Beta (3Y) | -0.01 | -0.01 |
| Alpha (3Y) | 0.78% | 0.7% |
| Up capture | 9.4% | 9.08% |
| Down capture | -9.0% | -9.17% |
| Bull-market return | 6.6% | 6.98% |
| Bear-market return | 7.4% | 8.09% |
Timing matters more than people admit: the best possible 1-year stretch in SBI Arbitrage Opportunities Fund (starting 2013-07-09) gained 9.9%, while the worst (starting 2020-03-16) still made 2.7%. The worst peak-to-bottom fall SBI Arbitrage Opportunities Fund has ever put investors through is -0.65% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 7.4% annualised, versus 6.6% in rising markets. It has captured roughly 9.4% of its benchmark's up-moves and -9.0% of its down-moves.
How SBI Arbitrage Opportunities Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), SBI Arbitrage Opportunities Fund has historically returned about 7.4% annualised, versus roughly 6.6% when the market is rising. Its deepest fall on record is -0.65%. Right now it sits about 0.0% at or above its all-time high (last hit 2026-09-16). The real question isn't the average year - it's whether you could hold on through the worst one.
How SBI Arbitrage Opportunities Fund ranks in its category
Percentile versus its ~180 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 6.57% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 4.23% |
| 3Y windows beating Nifty 500 | 12.0% |
| Median 5Y rolling CAGR | 5.98% |
| Median 10Y rolling CAGR | 6.36% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, SBI Arbitrage Opportunities Fund returned a median of 6.57% a year, and 100.0% of those windows were positive.
What SBI Arbitrage Opportunities Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 26.6% of the portfolio, across 176 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
SBI Arbitrage Opportunities Fund shares Mirae Asset Arbitrage Fund (44%), Invesco India Arbitrage Fund (4%), Tata Arbitrage Fund (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). With overlap this high, holding both funds adds little real diversification - you would largely be buying the same stocks twice.
Cost & fund basics
| Detail | Value |
|---|---|
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹43,265 Cr |
| Age | 13.7 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How SBI Arbitrage Opportunities Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| Invesco India Arbitrage Fund | 94 | 83 | 7.5% |
| Mirae Asset Arbitrage Fund | 83 | 83 | 7.4% |
| Tata Arbitrage Fund | 93 | 83 | 7.5% |
| Invesco India Arbitrage Fund | 93 | 82 | 7.5% |
| Edelweiss Arbitrage Fund | 80 | 81 | 7.4% |
| Kotak Arbitrage Fund | 88 | 81 | 7.5% |
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.
SBI Arbitrage Opportunities Fund review: the bottom line
Related
Frequently asked questions
Is SBI Arbitrage Opportunities Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, SBI Arbitrage Opportunities Fund scores 74/100 on our King Score and RS 76/99 within its category, has compounded 7.3% a year over three years, and its worst drawdown was -0.65%. Compare those against your needs and the peer table above.
What is the NAV of SBI Arbitrage Opportunities Fund today?
The latest NAV is ₹38.75 (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 last 10 years return of SBI Arbitrage Opportunities Fund?
Over the last 10 years SBI Arbitrage Opportunities Fund has returned about 6.25% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹1.8 lakh today, before tax. See the year-by-year table above for how uneven the ride was.
Is SBI Arbitrage Opportunities Fund 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 -0.65% - ₹1 lakh briefly becoming about ₹99,350. As a hybrid fund, 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 SBI Arbitrage Opportunities Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹16.8 lakh (XIRR 6.42%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of SBI Arbitrage Opportunities Fund?
A ₹10,000/month SIP over 10 years would have grown to about ₹1,683,224 (an XIRR of 6.42%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does SBI Arbitrage Opportunities Fund rank among similar funds?
On 3-year returns it sits around the 85th percentile of its category, and its consistency ranks 61th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is SBI Arbitrage Opportunities Fund tax-efficient / what about capital gains?
As a hybrid fund, 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 SBI Arbitrage Opportunities Fund 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.