Nippon India Income Plus Arbitrage Active Fund of Fund
FoF Domestic · Nippon Life India Asset Management Limited
Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹99,750. 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.Nippon India Income Plus Arbitrage Active Fund of Fund is a FoF Domestic fund from Nippon Life India Asset Management Limited. It has a track record of about 1.2 years. As of the latest data it carries an RS rating of 55/99 (its recent momentum versus category peers). The current NAV is ₹10.72 (as of 2026-09-16).
Growth of ₹100 - last 1 years
Nippon India Income Plus Arbitrage Active Fund of Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.1% | -1.68% |
| 3 months | 1.43% | -0.37% |
| 6 months | 2.95% | 2.56% |
| 1 year | 5.89% | 18.46% |
Its trailing one-year return is 5.89%. 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 | Nippon India Income Pl | Benchmark |
|---|---|---|
| 2026 | +4.0% | 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) | -0.25% | -18.66% |
| Volatility (1Y) | 1.11% | 23.47% |
| Bull-market return | 8.5% | 31.51% |
The worst peak-to-bottom fall Nippon India Income Plus Arbitrage Active Fund of Fund has ever put investors through is -0.25% - the real test of whether you'd have stayed invested.
How Nippon India Income Plus Arbitrage Active Fund of Fund behaves when markets fall
Its deepest fall on record is -0.25%. 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 Nippon India Income Plus Arbitrage Active Fund of Fund 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 Nippon India Income Plus Arbitrage Active Fund of Fund - and how good are they?
Nippon India Income Plus Arbitrage Active Fund of Fund is managed by Sushil Budhia and Vikash Agarwal. 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.
Sushil Budhia's full record
Sushil Budhia currently runs 10 funds, across Aggressive Hybrid Fund, Conservative Hybrid Fund, Credit Risk Fund, Dynamic Asset Allocation or Balanced Advantage and more, with about ₹38,908 Cr under management. The book's average King Score is 76.4/100. Their strongest fund by King Score is Nippon India Short Duration Fund (83/100); Nippon India Income Plus Arbitrage Active Fund of Fund ranks #10 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 | Nippon India Short Duration Fund | 86 | 83 | 1.2% | 2.8% | 5.8% | 7.7% | 6.7% | 7.3% | 1.11 | 7.9% | -2.9% |
| 2 | Nippon India Conservative Hybrid Fund | 99 | 82 | 1.6% | 3.5% | 7.0% | 8.5% | 8.2% | 6.0% | 0.97 | 8.5% | -18.9% |
| 3 | Nippon India Multi Asset Allocation Fund | 87 | 81 | 0.9% | 4.8% | 11.7% | 18.3% | 15.2% | n/a | 1.16 | 18.4% | -9.5% |
| 4 | Nippon India Balanced Advantage Fund | 81 | 80 | 1.0% | 4.0% | 2.4% | 10.2% | 9.5% | 11.0% | 0.43 | 12.9% | -22.8% |
| 5 | Nippon India Multi - Asset Omni FoF | 63 | 76 | 0.2% | 4.4% | 8.2% | 15.7% | 15.2% | n/a | 0.89 | 20.2% | -9.0% |
| 6 | Nippon India Credit Risk Fund | 75 | 75 | 1.8% | 3.9% | 8.0% | 8.9% | 7.9% | 6.6% | 2.65 | 8.7% | -13.8% |
| 7 | Nippon India Medium Duration Fund | 98 | 74 | 2.9% | 3.3% | 6.6% | 8.6% | 6.9% | 3.8% | 1.09 | 7.0% | -29.8% |
| 8 | Nippon India Medium Duration Fund | 72 | 71 | 1.4% | 2.9% | 6.2% | 8.3% | 6.8% | 3.7% | 0.97 | 7.0% | -29.8% |
| 9 | Nippon India Aggressive Hybrid Fund | 57 | 66 | -0.1% | 2.8% | -0.2% | 9.8% | 10.6% | 9.8% | 0.3 | 13.9% | -42.4% |
| 10 | Nippon India Income Plus Arbitrage Active Fund of Fund (this page) | 55 | n/a | 1.4% | 3.0% | 5.9% | n/a | n/a | n/a | n/a | n/a | -0.2% |
Vikash Agarwal's full record
Vikash Agarwal currently runs 7 funds, across Arbitrage Fund, FoF Domestic, Index Funds, Liquid Fund and more, with about ₹70,962 Cr under management. The book's average King Score is 84.0/100. Their strongest fund by King Score is Nippon India Liquid Fund (86/100); Nippon India Income Plus Arbitrage Active Fund of Fund ranks #6 of 7 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 | Nippon India Liquid Fund | 97 | 86 | 1.7% | 3.5% | 6.6% | 7.0% | 6.4% | 6.2% | 1.34 | 6.9% | -0.2% |
| 2 | Nippon India Overnight Fund | 93 | 86 | 1.3% | 2.6% | 5.3% | 6.1% | 5.7% | n/a | -1.57 | 5.2% | 0.0% |
| 3 | Nippon India Money Market Fund | 91 | 86 | 1.9% | 3.5% | 6.6% | 7.4% | 6.8% | 6.8% | 1.59 | 7.4% | -0.9% |
| 4 | Nippon India Money Market Fund | 91 | 86 | 1.9% | 3.5% | 6.6% | 7.4% | 6.8% | 6.8% | 1.59 | 7.4% | -0.9% |
| 5 | Nippon India Arbitrage Fund | 86 | 76 | 1.6% | 3.1% | 6.7% | 7.3% | 6.8% | 6.5% | 0.83 | 6.9% | -0.6% |
| 6 | Nippon India Income Plus Arbitrage Active Fund of Fund (this page) | 55 | n/a | 1.4% | 3.0% | 5.9% | n/a | n/a | n/a | n/a | n/a | -0.2% |
| 7 | Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | n/a | n/a | 2.0% | 3.5% | n/a | n/a | n/a | n/a | n/a | n/a | -0.2% |
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) | 0.35% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹500 |
| Fund size (AUM) | ₹629 Cr |
| Age | 1.2 years |
| Plan / Option | Direct · Growth |
How Nippon India Income Plus Arbitrage Active Fund of Fund 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.
Nippon India Income Plus Arbitrage Active Fund of Fund review: the bottom line
Related
Frequently asked questions
Is Nippon India Income Plus Arbitrage Active Fund of Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Nippon India Income Plus Arbitrage Active Fund of Fund scores RS 55/99 within its category, and its worst drawdown was -0.25%. Compare those against your needs and the peer table above.
What is the NAV of Nippon India Income Plus Arbitrage Active Fund of Fund today?
The latest NAV is ₹10.72 (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 Nippon India Income Plus Arbitrage Active Fund of Fund?
The Direct-plan expense ratio is 0.35% 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 Nippon India Income Plus Arbitrage Active Fund of Fund?
Nippon India Income Plus Arbitrage Active Fund of Fund is managed by Sushil Budhia; Vikash Agarwal.
Is Nippon India Income Plus Arbitrage Active Fund of 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 -0.25% - ₹1 lakh briefly becoming about ₹99,750. 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 Nippon India Income Plus Arbitrage Active Fund of Fund 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 Nippon India Income Plus Arbitrage Active Fund of 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.