DSP Income Plus Arbitrage Omni FoF
FoF Domestic · DSP Asset Managers Private Limited
Among the 470 funds in its category, this one has grown money at about the average pace. ₹1 lakh invested 5 years ago would be about ₹1.3 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹18.6 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹82,990. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.DSP Income Plus Arbitrage Omni FoF is a FoF Domestic fund from DSP Asset Managers Private Limited. It has a track record of about 12.1 years. As of the latest data it carries an RS rating of 44/99 (its recent momentum versus category peers) and a King Score of 48/100 (a long-term quality composite). The current NAV is ₹23.88 (as of 2026-09-16).
Growth of ₹100 - last 5 years
DSP Income Plus Arbitrage Omni FoF returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -0.19% | -1.68% |
| 3 months | 1.2% | -0.37% |
| 6 months | 2.61% | 2.56% |
| 1 year | 5.24% | 18.46% |
| 3 years (CAGR) | 9.64% | 18.94% |
| 5 years (CAGR) | 5.98% | 13.11% |
| 10 years (CAGR) | 8.22% | 11.69% |
The last 10 years return of DSP Income Plus Arbitrage Omni FoF works out to 8.22% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹2.2 lakh today. The last 5 years return is 5.98% a year (₹1 lakh → ₹1.3 lakh), and the last 3 years return is 9.64% - behind its category's 18.94% average by 9.3 points. Its trailing one-year return is 5.24%. 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 | DSP Income Plus Arbitr | Benchmark |
|---|---|---|
| 2018 | -1.0% | -3.4% |
| 2019 | +19.1% | +7.7% |
| 2020 | +21.8% | +16.7% |
| 2021 | +8.1% | +30.2% |
| 2022 | -6.0% | +3.0% |
| 2023 | +13.5% | +25.8% |
| 2024 | +12.3% | +15.2% |
| 2025 | +6.7% | +6.7% |
| 2026 | +3.5% | -5.8% |
DSP Income Plus Arbitrage Omni FoF 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 DSP Income Plus Arbitrage Omni FoF 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 | ₹412,676 | 7.23% |
| 5 years | ₹610,000 | ₹744,873 | 7.93% |
| 10 years | ₹1,210,000 | ₹1,859,977 | 8.33% |
Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹1,859,977 - an XIRR of 8.33%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -17.01% | -18.66% |
| Worst drawdown (3Y) | -5.45% | -15.66% |
| Volatility (1Y) | 1.39% | 23.47% |
| Sharpe (3Y) | 0.46 | 0.59 |
| Sortino (3Y) | 0.96 | 1.3 |
| Beta (3Y) | 0.14 | 0.39 |
| Alpha (3Y) | 3.52% | 12.5% |
| Up capture | 27.6% | 61.1% |
| Down capture | 5.2% | 21.88% |
| Bull-market return | 11.8% | 31.51% |
| Bear-market return | 1.3% | -5.21% |
Timing matters more than people admit: the best possible 1-year stretch in DSP Income Plus Arbitrage Omni FoF (starting 2020-03-18) gained 45.0%, while the worst (starting 2021-07-14) lost 12.5%. The worst peak-to-bottom fall DSP Income Plus Arbitrage Omni FoF has ever put investors through is -17.01% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 1.3% annualised, versus 11.8% in rising markets. It has captured roughly 27.6% of its benchmark's up-moves and 5.2% of its down-moves.
How DSP Income Plus Arbitrage Omni FoF behaves when markets fall
When the market is falling (the Nifty below its 200-day average), DSP Income Plus Arbitrage Omni FoF has historically returned about 1.3% annualised, versus roughly 11.8% when the market is rising. Its deepest fall on record is -17.01%. Right now it sits about 0.24% 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 DSP Income Plus Arbitrage Omni 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)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 7.58% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 2.96% |
| Median 5Y rolling CAGR | 8.32% |
| Median 10Y rolling CAGR | 8.05% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, DSP Income Plus Arbitrage Omni FoF returned a median of 7.58% a year, and 100.0% of those windows were positive.
Who manages DSP Income Plus Arbitrage Omni FoF - and how good are they?
DSP Income Plus Arbitrage Omni FoF is managed by Shantanu Godambe and Kaivalya Nadkarni. 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.
Shantanu Godambe's full record
Shantanu Godambe currently runs 11 funds, across Aggressive Hybrid Fund, Corporate Bond Fund, Dynamic Asset Allocation or Balanced Advantage, FoF Domestic and more, with about ₹24,646 Cr under management. The book's average King Score is 71.6/100. Their strongest fund by King Score is DSP Corporate Bond Fund (85/100); DSP Income Plus Arbitrage Omni FoF ranks #11 of 11 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | DSP Corporate Bond Fund | 99 | 85 | 1.8% | 3.3% | 6.2% | 7.4% | 6.0% | n/a | 1.14 | 5.7% | -3.2% |
| 2 | DSP Overnight Fund | 85 | 84 | 1.3% | 2.6% | 5.3% | 6.1% | 5.7% | n/a | -1.62 | 5.2% | 0.0% |
| 3 | DSP Gilt Fund | 89 | 82 | 1.7% | 2.6% | 3.7% | 6.7% | 6.0% | 7.4% | 0.04 | 8.1% | -7.6% |
| 4 | DSP Dynamic Asset Allocation Fund | 80 | 81 | 0.3% | 2.9% | 3.6% | 10.2% | 8.6% | 9.4% | 0.6 | 10.2% | -19.3% |
| 5 | DSP Nifty SDL Plus G-Sec Sep 2027 50 50 Index Fund | 77 | 80 | 1.5% | 2.7% | 5.9% | 7.4% | n/a | n/a | 1.02 | 7.4% | -0.3% |
| 6 | DSP Nifty SDL Plus G-Sec Jun 2028 30 70 Index Fund | 71 | 76 | 1.4% | 2.5% | 5.7% | 7.4% | n/a | n/a | 0.86 | 8.0% | -2.7% |
| 7 | DSP Short Term Fund | 73 | 74 | 1.2% | 2.8% | 5.4% | 7.2% | 6.2% | 7.0% | 0.66 | 7.7% | -2.8% |
| 8 | DSP CRISIL-IBX 50 50 Gilt Plus SDL - April 2033 Index Fund | 60 | 67 | 0.8% | 2.2% | 5.0% | 7.2% | n/a | n/a | 0.34 | 7.7% | -1.8% |
| 9 | DSP Aggressive Hybrid Fund | 28 | 58 | -1.6% | 0.2% | -4.2% | 9.2% | 8.4% | 11.7% | 0.26 | 14.6% | -28.8% |
| 10 | DSP 10Y G-Sec Fund | 50 | 53 | 0.3% | 0.9% | 2.1% | 6.2% | 4.9% | 6.2% | -0.09 | 7.2% | -5.5% |
| 11 | DSP Income Plus Arbitrage Omni FoF (this page) | 44 | 48 | 1.2% | 2.6% | 5.2% | 9.6% | 6.0% | 8.2% | 0.46 | 7.6% | -17.0% |
Kaivalya Nadkarni's full record
Kaivalya Nadkarni currently runs 10 funds, across Arbitrage Fund, Dynamic Asset Allocation or Balanced Advantage, FoF Domestic, FoF Overseas and more, with about ₹18,141 Cr under management. The book's average King Score is 64.4/100. Their strongest fund by King Score is DSP Value Fund (93/100); DSP Income Plus Arbitrage Omni FoF ranks #8 of 10 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | DSP Value Fund | 71 | 93 | -1.6% | 5.1% | 5.8% | 15.1% | 12.1% | n/a | 0.71 | 18.7% | -16.4% |
| 2 | DSP Dynamic Asset Allocation Fund | 80 | 81 | 0.3% | 2.9% | 3.6% | 10.2% | 8.6% | 9.4% | 0.6 | 10.2% | -19.3% |
| 3 | DSP Global Innovation Overseas Equity Omni FoF | 55 | 74 | -2.4% | 17.3% | 23.6% | 26.9% | n/a | n/a | 1.0 | 27.2% | -27.6% |
| 4 | DSP Arbitrage Fund | 75 | 72 | 1.6% | 3.0% | 6.5% | 7.2% | 6.6% | n/a | 0.74 | 5.7% | -0.6% |
| 5 | DSP US Specific Equity Omni FoF | 80 | 71 | -1.7% | 17.7% | 32.1% | 27.1% | 19.1% | 19.0% | 1.04 | 14.3% | -28.1% |
| 6 | DSP World Gold Mining Overseas Equity Omni FoF | 96 | 62 | 9.7% | 3.2% | 53.2% | 56.0% | 29.9% | 16.4% | 1.26 | 6.5% | -57.2% |
| 7 | DSP World Mining Overseas Equity Omni FoF | 94 | 52 | 0.4% | 9.9% | 62.3% | 29.2% | 20.0% | 19.1% | 0.76 | 11.2% | -62.2% |
| 8 | DSP Income Plus Arbitrage Omni FoF (this page) | 44 | 48 | 1.2% | 2.6% | 5.2% | 9.6% | 6.0% | 8.2% | 0.46 | 7.6% | -17.0% |
| 9 | DSP Global Clean Energy Overseas Equity Omni FoF | 24 | 27 | -10.0% | 3.6% | 31.2% | 17.6% | 11.1% | 9.0% | 0.49 | 3.9% | -49.7% |
| 10 | DSP US Specific Debt Passive FoF | 14 | n/a | -0.9% | 0.6% | 6.3% | n/a | n/a | n/a | 0.35 | n/a | -4.1% |
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) | 0.41% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹1,477 Cr |
| Age | 12.1 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How DSP Income Plus Arbitrage Omni 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.
DSP Income Plus Arbitrage Omni FoF review: the bottom line
Related
Frequently asked questions
Is DSP Income Plus Arbitrage Omni FoF a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, DSP Income Plus Arbitrage Omni FoF scores 48/100 on our King Score and RS 44/99 within its category, has compounded 9.64% a year over three years, and its worst drawdown was -17.01%. Compare those against your needs and the peer table above.
What is the NAV of DSP Income Plus Arbitrage Omni FoF today?
The latest NAV is ₹23.88 (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 DSP Income Plus Arbitrage Omni FoF?
Over the last 10 years DSP Income Plus Arbitrage Omni FoF has returned about 8.22% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹2.2 lakh today, before tax. See the year-by-year table above for how uneven the ride was.
What is the expense ratio of DSP Income Plus Arbitrage Omni FoF?
The Direct-plan expense ratio is 0.41% 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 DSP Income Plus Arbitrage Omni FoF?
DSP Income Plus Arbitrage Omni FoF is managed by Shantanu Godambe; Kaivalya Nadkarni.
Is DSP Income Plus Arbitrage Omni 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 -17.01% - ₹1 lakh briefly becoming about ₹82,990. 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 DSP Income Plus Arbitrage Omni FoF 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 ₹18.6 lakh (XIRR 8.33%). 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 DSP Income Plus Arbitrage Omni FoF?
A ₹10,000/month SIP over 10 years would have grown to about ₹1,859,977 (an XIRR of 8.33%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does DSP Income Plus Arbitrage Omni FoF rank among similar funds?
On 3-year returns it sits around the 51th percentile of its category, and its consistency ranks 34th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is DSP Income Plus Arbitrage Omni 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 DSP Income Plus Arbitrage Omni FoF live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
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- The RS line plotted against its benchmark
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- Compare it side-by-side with any peer
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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.