HDFC Income Plus Arbitrage Active FOF
FoF Domestic · HDFC Asset Management Company 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 ₹1.6 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹22.1 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹76,860. 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.HDFC Income Plus Arbitrage Active FOF is a FoF Domestic fund from HDFC Asset Management Company Limited. It has a track record of about 12.2 years. As of the latest data it carries an RS rating of 52/99 (its recent momentum versus category peers) and a King Score of 45/100 (a long-term quality composite). The current NAV is ₹45.76 (as of 2026-09-16).
Growth of ₹100 - last 5 years
HDFC Income Plus Arbitrage Active FOF returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.0% | -1.68% |
| 3 months | 1.39% | -0.37% |
| 6 months | 2.84% | 2.56% |
| 1 year | 5.68% | 18.46% |
| 3 years (CAGR) | 8.53% | 18.94% |
| 5 years (CAGR) | 10.2% | 13.11% |
| 10 years (CAGR) | 11.25% | 11.69% |
The last 10 years return of HDFC Income Plus Arbitrage Active FOF works out to 11.25% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹2.9 lakh today. The last 5 years return is 10.2% a year (₹1 lakh → ₹1.6 lakh), and the last 3 years return is 8.53% - behind its category's 18.94% average by 10.4 points. Its trailing one-year return is 5.68%. 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 | HDFC Income Plus Arbit | Benchmark |
|---|---|---|
| 2018 | -1.4% | -3.4% |
| 2019 | +6.8% | +7.7% |
| 2020 | +15.3% | +16.7% |
| 2021 | +22.4% | +30.2% |
| 2022 | +8.2% | +3.0% |
| 2023 | +23.7% | +25.8% |
| 2024 | +13.8% | +15.2% |
| 2025 | +1.7% | +6.7% |
| 2026 | +3.8% | -5.8% |
HDFC Income Plus Arbitrage Active FOF beat its benchmark in 3 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 HDFC Income Plus Arbitrage Active 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 | ₹404,281 | 5.84% |
| 5 years | ₹610,000 | ₹774,296 | 9.47% |
| 10 years | ₹1,210,000 | ₹2,207,216 | 11.55% |
Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹2,207,216 - an XIRR of 11.55%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -23.14% | -18.66% |
| Worst drawdown (3Y) | -7.29% | -15.66% |
| Volatility (1Y) | 1.2% | 23.47% |
| Sharpe (3Y) | 0.39 | 0.59 |
| Sortino (3Y) | 0.62 | 1.3 |
| Beta (3Y) | 0.27 | 0.39 |
| Alpha (3Y) | 1.59% | 12.5% |
| Up capture | 35.4% | 61.1% |
| Down capture | 19.9% | 21.88% |
| Bull-market return | 17.6% | 31.51% |
| Bear-market return | -11.2% | -5.21% |
Timing matters more than people admit: the best possible 1-year stretch in HDFC Income Plus Arbitrage Active FOF (starting 2020-03-23) gained 55.6%, while the worst (starting 2019-03-22) lost 19.3%. The worst peak-to-bottom fall HDFC Income Plus Arbitrage Active FOF has ever put investors through is -23.14% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -11.2% annualised, versus 17.6% in rising markets. It has captured roughly 35.4% of its benchmark's up-moves and 19.9% of its down-moves.
How HDFC Income Plus Arbitrage Active FOF behaves when markets fall
When the market is falling (the Nifty below its 200-day average), HDFC Income Plus Arbitrage Active FOF has historically returned about -11.2% annualised, versus roughly 17.6% when the market is rising. Its deepest fall on record is -23.14%. Right now it sits about 0.01% below its all-time high (last hit 2026-09-11). The real question isn't the average year - it's whether you could hold on through the worst one.
How HDFC Income Plus Arbitrage Active 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 | 13.0% |
| 3Y windows positive | 98.7% |
| Worst 3Y window | -1.79% |
| Median 5Y rolling CAGR | 12.46% |
| Median 10Y rolling CAGR | 12.22% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, HDFC Income Plus Arbitrage Active FOF returned a median of 13.0% a year, and 98.7% of those windows were positive.
Who manages HDFC Income Plus Arbitrage Active FOF - and how good are they?
HDFC Income Plus Arbitrage Active FOF is managed by Anil Bamboli. 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.
Anil Bamboli's full record
Anil Bamboli currently runs 10 funds, across Banking and PSU Fund, Dynamic Bond, Equity Savings, FoF Domestic and more, with about ₹47,557 Cr under management. The book's average King Score is 71.1/100. Their strongest fund by King Score is HDFC Medium Term Debt Fund (87/100); HDFC Income Plus Arbitrage Active FOF ranks #9 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 | HDFC Medium Term Debt Fund | 84 | 87 | 1.7% | 3.5% | 6.7% | 7.8% | 6.7% | 7.5% | 1.06 | 8.2% | -3.5% |
| 2 | HDFC Ultra Short Term Fund | 81 | 82 | 1.8% | 3.4% | 6.5% | 7.2% | 6.5% | n/a | 1.33 | 6.0% | -1.0% |
| 3 | HDFC Short Term Debt Fund | 78 | 80 | 1.2% | 2.8% | 5.7% | 7.5% | 6.5% | 7.4% | 0.94 | 7.9% | -2.7% |
| 4 | HDFC Banking and PSU Debt Fund | 66 | 79 | 1.0% | 2.6% | 5.2% | 7.1% | 6.2% | 7.2% | 0.46 | 7.9% | -3.1% |
| 5 | HDFC Equity Savings Fund | 64 | 75 | 0.7% | 1.9% | 2.4% | 8.0% | 8.1% | 9.6% | 0.3 | 11.4% | -16.9% |
| 6 | HDFC Gilt Fund | 52 | 75 | 0.9% | 1.8% | 3.5% | 6.3% | 5.4% | 6.0% | -0.07 | 7.3% | -11.9% |
| 7 | HDFC Multi-Asset Active FOF | 44 | 72 | 1.0% | 3.1% | 5.3% | 12.8% | 12.7% | n/a | 0.83 | 16.9% | -8.1% |
| 8 | HDFC Dynamic Debt Fund | 82 | 71 | 1.6% | 2.7% | 4.8% | 6.6% | 5.8% | 6.2% | 0.05 | 7.1% | -7.5% |
| 9 | HDFC Income Plus Arbitrage Active FOF (this page) | 52 | 45 | 1.4% | 2.8% | 5.7% | 8.5% | 10.2% | 11.2% | 0.39 | 13.0% | -23.1% |
| 10 | HDFC Multi-Asset Fund | 22 | 45 | 0.2% | 0.6% | 2.7% | 11.3% | 10.7% | 11.4% | 0.62 | 12.9% | -27.1% |
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) | 0.02% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹2,394 Cr |
| Age | 12.2 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How HDFC Income Plus Arbitrage Active 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.
HDFC Income Plus Arbitrage Active FOF review: the bottom line
Related
Frequently asked questions
Is HDFC Income Plus Arbitrage Active FOF a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, HDFC Income Plus Arbitrage Active FOF scores 45/100 on our King Score and RS 52/99 within its category, has compounded 8.53% a year over three years, and its worst drawdown was -23.14%. Compare those against your needs and the peer table above.
What is the NAV of HDFC Income Plus Arbitrage Active FOF today?
The latest NAV is ₹45.76 (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 HDFC Income Plus Arbitrage Active FOF?
Over the last 10 years HDFC Income Plus Arbitrage Active FOF has returned about 11.25% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹2.9 lakh today, before tax. See the year-by-year table above for how uneven the ride was.
What is the expense ratio of HDFC Income Plus Arbitrage Active 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 HDFC Income Plus Arbitrage Active FOF?
HDFC Income Plus Arbitrage Active FOF is managed by Anil Bamboli.
Is HDFC Income Plus Arbitrage Active 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 -23.14% - ₹1 lakh briefly becoming about ₹76,860. 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 HDFC Income Plus Arbitrage Active 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 ₹22.1 lakh (XIRR 11.55%). 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 HDFC Income Plus Arbitrage Active FOF?
A ₹10,000/month SIP over 10 years would have grown to about ₹2,207,216 (an XIRR of 11.55%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does HDFC Income Plus Arbitrage Active FOF rank among similar funds?
On 3-year returns it sits around the 40th percentile of its category, and its consistency ranks 55th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is HDFC Income Plus Arbitrage Active 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 HDFC Income Plus Arbitrage Active 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.