Skip to content
WhoHolds
Search
ArbitrageLow to ModerateHDFC Mutual Fund

HDFC Arbitrage Fund

Portfolio as on Sep 2026 · 162 equity positions

Equity positions
162
Equity value
₹17,147 Cr
Top holding
5.04%
HDFC Bank Ltd
NAV per unit
₹11.36
Sep 2026
Avg AUM
₹25,149 Cr
Own another fund too? See how much they overlap →

The portfolio at a glance

HDFC Arbitrage Fund is an Arbitrage scheme from HDFC MF. Its Sep 2026 portfolio holds 162 stocks, and its average assets under management are ₹25,149 Cr.

Its largest position is HDFC Bank at 5.04% of the portfolio, and the ten largest together make up 29.14%.

By sector, Banks is the largest at 32.92% of the equity portfolio, followed by Telecom - Services (7.63%) and Ferrous Metals (6.71%).

Hold other funds too? The fund overlap tool shows how many of these stocks they share. A scheme's official riskometer is in its factsheet on the fund house's website.

NAV history

Chart will appear once NAV history has been loaded from AMFI (next monthly ingestion run).

Sector allocation

Banks: 33% · ₹5,643 Cr · 17 fundsTelecom - Services: 8% · ₹1,308 Cr · 3 fundsFerrous Metals: 7% · ₹1,151 Cr · 4 fundsPetroleum Products: 7% · ₹1,121 Cr · 4 fundsFinance: 6% · ₹1,099 Cr · 11 fundsAutomobiles: 5% · ₹778 Cr · 6 fundsPharmaceuticals & Biotechnology: 4% · ₹751 Cr · 11 fundsOther: 31% · ₹5,292 Cr · 96 funds
162stocks
  • Banks33%
  • Telecom - Services8%
  • Ferrous Metals7%
  • Petroleum Products7%
  • Finance6%
  • Automobiles5%
  • Pharmaceuticals & Biotechnology4%
  • Other31%

Top holdings

Top 10 holdings make up 29.1% of the portfolio · top 5 = 19.7%.

162 stocks
#
1HDFC BankBanks₹1,281 Cr
5.04%
2ICICI BankBanks₹1,280 Cr
5.04%
3Reliance IndustriesPetroleum Products₹861.29 Cr
3.39%
4Bharti AirtelTelecom - Services₹839.75 Cr
3.31%
5Axis BankBanks₹728.40 Cr
2.87%
6JSW SteelFerrous Metals₹590.45 Cr
2.32%
7State Bank of IndiaBanks₹585.20 Cr
2.30%
8Bajaj FinanceFinance₹456.48 Cr
1.80%
9Tata SteelFerrous Metals₹393.70 Cr
1.55%
10Canara BankBanks₹386.10 Cr
1.52%
11Kotak Mahindra BankBanks₹366.46 Cr
1.44%
12Hindustan UnileverDiversified FMCG₹363.55 Cr
1.43%
13Punjab National BankBanks₹323.89 Cr
1.27%
14Divi's LaboratoriesPharmaceuticals & Biotechnology₹320.28 Cr
1.26%
15TVS Motor CompanyAutomobiles₹279.16 Cr
1.10%
16Vodafone IdeaTelecom - Services₹262.78 Cr
1.03%
17IDFC First BankBanks₹241.79 Cr
0.95%
18Coal IndiaConsumable Fuels₹221.41 Cr
0.87%
19Indus TowersTelecom - Services₹205.69 Cr
0.81%
20Bank of BarodaBanks₹188.15 Cr
0.74%
21NTPCPower₹187.36 Cr
0.74%
22Hindalco IndustriesNon - Ferrous Metals₹186.18 Cr
0.73%
23NMDCMinerals & Mining₹171.06 Cr
0.67%
24Cholamandalam Investment & Finance Co.Finance₹157.34 Cr
0.62%
25Interglobe AviationTransport Services₹157.00 Cr
0.62%
26Steel Authority of IndiaFerrous Metals₹152.69 Cr
0.60%
27ITCDiversified FMCG₹150.39 Cr
0.59%
28Apollo Hospitals EnterpriseHealthcare Services₹148.71 Cr
0.59%
29Eicher MotorsAutomobiles₹146.65 Cr
0.58%
30InfosysIT - Software₹145.93 Cr
0.57%
31MaricoAgricultural Food & Other Products₹143.84 Cr
0.57%
32Varun BeveragesBeverages₹142.38 Cr
0.56%
33Larsen & ToubroConstruction₹137.59 Cr
0.54%
34Tata Consumer ProductsAgricultural Food & Other Products₹125.65 Cr
0.49%
35Adani EnterprisesMetals & Minerals Trading₹124.35 Cr
0.49%
36LIC Housing FinanceFinance₹122.53 Cr
0.48%
37Indian Oil CorporationPetroleum Products₹121.76 Cr
0.48%
38Bharat Heavy ElectricalsElectrical Equipment₹117.90 Cr
0.46%
39Bharat ElectronicsAerospace & Defense₹116.53 Cr
0.46%
40Glenmark PharmaceuticalsPharmaceuticals & Biotechnology₹115.74 Cr
0.46%
41Multi Commodity Exchange of IndiaCapital Markets₹111.54 Cr
0.44%
42Ambuja CementsCement & Cement Products₹111.12 Cr
0.44%
43Mahindra & MahindraAutomobiles₹108.50 Cr
0.43%
44Maruti Suzuki IndiaAutomobiles₹107.88 Cr
0.42%
45Power Finance CorporationFinance₹103.93 Cr
0.41%
46Life Insurance Corporation of IndiaInsurance₹102.19 Cr
0.40%
47Kalyan Jewellers IndiaConsumer Durables₹98.65 Cr
0.39%
48HDFC Life Insurance CompanyInsurance₹95.34 Cr
0.38%
49Info Edge (India)Retailing₹94.37 Cr
0.37%
50BioconPharmaceuticals & Biotechnology₹93.69 Cr
0.37%
51Tata Motors Passenger VehiclesAutomobiles₹90.40 Cr
0.36%
52Bharat ForgeAuto Components₹89.75 Cr
0.35%
53Aditya Birla CapitalFinance₹82.83 Cr
0.33%
54Hindustan Petroleum CorporationPetroleum Products₹80.45 Cr
0.32%
55Jio Financial ServicesFinance₹79.10 Cr
0.31%
56Tata Power CompanyPower₹75.06 Cr
0.30%
57Yes BankBanks₹74.86 Cr
0.29%
58Ashok LeylandAgricultural, Commercial & Construction Vehicles₹74.09 Cr
0.29%
59Hindustan AeronauticsAerospace & Defense₹72.68 Cr
0.29%
60Cummins IndiaIndustrial Products₹72.54 Cr
0.29%
61Asian PaintsConsumer Durables₹72.32 Cr
0.28%
62The Indian Hotels CompanyLeisure Services₹68.27 Cr
0.27%
63GE Vernova T&D IndiaElectrical Equipment₹67.69 Cr
0.27%
64Godrej PropertiesRealty₹66.21 Cr
0.26%
65Indian Energy ExchangeCapital Markets₹65.86 Cr
0.26%
66Bank of IndiaBanks₹65.63 Cr
0.26%
67Titan CompanyConsumer Durables₹62.21 Cr
0.24%
68APL Apollo TubesIndustrial Products₹59.25 Cr
0.23%
69CoforgeIT - Software₹59.24 Cr
0.23%
70Pidilite IndustriesChemicals & Petrochemicals₹59.12 Cr
0.23%
71Adani PowerPower₹57.65 Cr
0.23%
72Bharat Petroleum CorporationPetroleum Products₹57.37 Cr
0.23%
73VoltasConsumer Durables₹52.92 Cr
0.21%
74Ultratech CementCement & Cement Products₹52.70 Cr
0.21%
75Adani Energy SolutionsPower₹47.92 Cr
0.19%
76Central Depository Services (India)Capital Markets₹47.49 Cr
0.19%
77Grasim IndustriesCement & Cement Products₹47.46 Cr
0.19%
78Adani Green EnergyPower₹46.16 Cr
0.18%
79Bajaj AutoAutomobiles₹45.26 Cr
0.18%
80Alkem LaboratoriesPharmaceuticals & Biotechnology₹44.86 Cr
0.18%
81EternalRetailing₹43.22 Cr
0.17%
82Aurobindo PharmaPharmaceuticals & Biotechnology₹42.39 Cr
0.17%
83Inox WindElectrical Equipment₹40.79 Cr
0.16%
84Torrent PharmaceuticalsPharmaceuticals & Biotechnology₹40.74 Cr
0.16%
85UPLFertilizers & Agrochemicals₹40.30 Cr
0.16%
86LupinPharmaceuticals & Biotechnology₹39.00 Cr
0.15%
87Bajaj FinservFinance₹37.55 Cr
0.15%
88Samvardhana Motherson InternationalAuto Components₹35.74 Cr
0.14%
89Patanjali FoodsAgricultural Food & Other Products₹34.03 Cr
0.13%
90Radico KhaitanBeverages₹33.73 Cr
0.13%
91Bandhan BankBanks₹33.36 Cr
0.13%
92CiplaPharmaceuticals & Biotechnology₹32.44 Cr
0.13%
93The Federal BankBanks₹28.25 Cr
0.11%
94One 97 CommunicationsFinancial Technology (Fintech)₹25.18 Cr
0.10%
95IndusInd BankBanks₹24.61 Cr
0.10%
96DelhiveryTransport Services₹22.78 Cr
0.09%
97PNB Housing FinanceFinance₹21.48 Cr
0.08%
98Max Financial ServicesInsurance₹20.93 Cr
0.08%
99PG ElectroplastConsumer Durables₹20.58 Cr
0.08%
100Tube Investments of IndiaAuto Components₹20.47 Cr
0.08%
101Shriram FinanceFinance₹19.70 Cr
0.08%
102JSW EnergyPower₹18.24 Cr
0.07%
103GAIL (India)Gas₹18.16 Cr
0.07%
104Union Bank of IndiaBanks₹17.63 Cr
0.07%
105DLFRealty₹17.48 Cr
0.07%
106Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology₹17.36 Cr
0.07%
107Fortis HealthcareHealthcare Services₹17.31 Cr
0.07%
108Avenue SupermartsRetailing₹17.22 Cr
0.07%
109Oil & Natural Gas CorporationOil₹17.17 Cr
0.07%
110Supreme IndustriesIndustrial Products₹16.55 Cr
0.07%
111AU Small Finance BankBanks₹16.37 Cr
0.06%
112SBI Life Insurance CompanyInsurance₹15.20 Cr
0.06%
113Solar Industries IndiaChemicals & Petrochemicals₹15.17 Cr
0.06%
114Computer Age Management ServicesCapital Markets₹13.84 Cr
0.05%
115Jindal SteelFerrous Metals₹13.69 Cr
0.05%
116United SpiritsBeverages₹13.22 Cr
0.05%
117National Aluminium CompanyNon - Ferrous Metals₹12.66 Cr
0.05%
118CG Power and Industrial SolutionsElectrical Equipment₹12.56 Cr
0.05%
119Muthoot FinanceFinance₹12.12 Cr
0.05%
120SagilityIT - Services₹11.65 Cr
0.05%
121MphasisIT - Software₹11.43 Cr
0.05%
122Tata Consultancy ServicesIT - Software₹10.52 Cr
0.04%
123Container Corporation of IndiaTransport Services₹9.96 Cr
0.04%
124TrentRetailing₹9.79 Cr
0.04%
125SwiggyRetailing₹9.77 Cr
0.04%
126GMR AirportsTransport Infrastructure₹9.29 Cr
0.04%
127Amber Enterprises IndiaConsumer Durables₹8.94 Cr
0.04%
128SRFChemicals & Petrochemicals₹8.11 Cr
0.03%
129Britannia IndustriesFood Products₹7.85 Cr
0.03%
130BSECapital Markets₹7.73 Cr
0.03%
131Nestle IndiaFood Products₹7.66 Cr
0.03%
132HCL TechnologiesIT - Software₹7.48 Cr
0.03%
133Dabur IndiaPersonal Products₹7.08 Cr
0.03%
134NBCC (India)Construction₹6.68 Cr
0.03%
135Manappuram FinanceFinance₹5.50 Cr
0.02%
136Suzlon EnergyElectrical Equipment₹5.32 Cr
0.02%
137Hindustan ZincNon - Ferrous Metals₹5.27 Cr
0.02%
138Oil IndiaOil₹5.21 Cr
0.02%
139Crompton Greaves Consumer ElectricalsConsumer Durables₹4.53 Cr
0.02%
140Page IndustriesTextiles & Apparels₹4.51 Cr
0.02%
141PB FintechFinancial Technology (Fintech)₹4.06 Cr
0.02%
142Adani Ports and Special Economic ZoneTransport Infrastructure₹3.08 Cr
0.01%
143Hitachi Energy IndiaElectrical Equipment₹2.76 Cr
0.01%
144Laurus LabsPharmaceuticals & Biotechnology₹2.69 Cr
0.01%
145AstralIndustrial Products₹2.56 Cr
0.01%
146Power Grid Corporation of IndiaPower₹2.43 Cr
0.01%
147Angel OneCapital Markets₹2.12 Cr
0.01%
148Zydus LifesciencesPharmaceuticals & Biotechnology₹1.78 Cr
0.01%
149Motilal Oswal Financial ServicesCapital Markets₹1.39 Cr
0.01%
150Colgate Palmolive (India)Personal Products₹1.36 Cr
0.01%
151Polycab IndiaIndustrial Products₹1.30 Cr
0.01%
152RBL BankBanks₹1.28 Cr
0.01%
153VedantaDiversified Metals₹1.10 Cr
—
154ICICI Prudential Life Insurance CompanyInsurance₹1.07 Cr
—
155ABB IndiaElectrical Equipment₹84.70 L
—
156FSN E-Commerce VenturesRetailing₹60.00 L
—
157Bajaj Holdings & InvestmentFinance₹48.55 L
—
158Lodha DevelopersRealty₹42.56 L
—
159Bank of MaharashtraBanks₹20.64 L
—
160The Phoenix MillsRealty₹20.32 L
—
161BoschAuto Components₹11.78 L
—
162Cochin ShipyardIndustrial Manufacturing₹10.52 L
—

HDFC Arbitrage Fund — FAQ

What are the top holdings of HDFC Arbitrage Fund?
HDFC Arbitrage Fund holds 162 equity positions; the largest is HDFC Bank Ltd at 5.04% of the portfolio, as on Sep 2026. Information only, not investment advice.
How concentrated is HDFC Arbitrage Fund?
Its single largest equity position is HDFC Bank Ltd, at 5.04% of the fund's disclosed portfolio.
As of when is this HDFC Arbitrage Fund portfolio?
Portfolio as on Sep 2026, taken from HDFC Mutual Fund's public monthly portfolio disclosure.
What is the NAV of HDFC Arbitrage Fund?
The latest NAV (Net Asset Value) of HDFC Arbitrage Fund is ₹11.36 per unit, as on Sep 2026, sourced from AMFI's public scheme data. NAV changes daily with market movements. Information only, not investment advice.
What is the AUM of HDFC Arbitrage Fund?
HDFC Arbitrage Fund has a Monthly Average AUM (Assets Under Management) of ₹25,149 Cr, as per AMFI's latest published data. AUM reflects the total market value of all assets managed across all plans of this scheme. Information only, not investment advice.

Similar funds

How much does HDFC Arbitrage overlap with Kotak Arbitrage? →

Equity holdings only, ISIN-verified, from HDFC Mutual Fund's public monthly portfolio disclosure (Sep 2026). Not investment advice.
Weight = the position as a % of this fund's portfolio. Values in ₹: L = Lakh (1,00,000), Cr = Crore (1,00,00,000).