Should I invest in DSP Arbitrage Fund - Direct?

We don't give personal investment advice. DSP Arbitrage Fund - Direct - IDCW is suitable for an investor whose:horizon is 3-5 years — too short for pure equity, too long for pure debtwants a single fund that automatically rebalances between equity and debtis comfortable trading some upside for lower volatility vs a pure equity fundCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 5.2%. 5-year CAGR: 3.27%.

DSP

DSP Arbitrage Fund - Direct - IDCW

Latest NAV

₹12.4660

As of

3 Jun 2026

2,053 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.12%	-0.05%	-0.07	31 / 59	Q3
1W	-0.03%	0.00%	-0.03	36 / 59	Q3
2W	-0.09%	-0.09%	0.00	36 / 58	Q3
1M	+0.20%	+0.22%	-0.02	44 / 58	Q4
3M	+1.17%	+0.55%	+0.62	29 / 55	Q3
6M	-1.88%	+1.82%	-3.70	51 / 55	Q4
YTD	-2.43%	+1.31%	-3.74	51 / 55	Q4
1Y	+1.19%	+4.16%	-2.97	39 / 53	Q3
2Y	+1.87%	+4.35%	-2.47	36 / 50	Q3
3Y	+3.91%	+4.81%	-0.91	32 / 49	Q3
4Y	+3.12%	+4.90%	-1.78	34 / 47	Q3
5Y	+3.27%	+4.68%	-1.41	32 / 43	Q3
7Y	+2.15%	+3.99%	-1.84	29 / 37	Q4
10Y	—	—	—	—	—
Inception	+2.65%	+3.40%	-0.75	38 / 59	Q3

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-2.43%	+1.35%	-3.78	46 / 50
2025	+1.78%	+3.93%	-2.16	35 / 49
2024	+8.02%	+6.12%	+1.90	15 / 47
2023	+2.16%	+5.67%	-3.51	39 / 46
2022	+4.68%	+3.73%	+0.95	14 / 41
2021	+4.10%	+3.16%	+0.94	14 / 42
2020	-6.34%	+1.39%	-7.73	41 / 41
2019	+5.21%	+2.88%	+2.32	13 / 36
2018	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+2.81%

90 windows

min -7.3% · max 8.3%

86% positive

3-Year rolling

+2.68%

66 windows

min -1.0% · max 5.1%

98% positive

5-Year rolling

+2.69%

41 windows

min 1.5% · max 4.2%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+2.63%

17 windows

min 2.0% · max 3.3%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

3.84%

3-year · annualised

Sharpe ratio

-0.67

vs risk-free 6.5%

Sortino ratio

-0.75

Downside-only deviation

Max drawdown

-4.71%

Feb 2025 → Feb 2025

% positive months

94.4%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Arbitrage Fund

Scheme	Fund house	NAV	As of
HDFC ARBITRAGE FUND - Wholesale Monthly IDCW - Direct Plan	HDFC	₹11.2670	3 Jun 2026
NIPPON INDIA ARBITRAGE FUND - DIRECT Plan - IDCW Option	Nippon India	₹18.6701	3 Jun 2026
SBI Arbitrage Opportunities Fund - Direct Plan - Gr	SBI	₹37.9829	3 Jun 2026
ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW	ICICI Prudential	₹17.7109	3 Jun 2026
Invesco India Arbitrage Fund - Direct Plan - Annual Bonus	Invesco	₹36.5173	3 Jun 2026
BANDHAN Arbitrage Fund-Direct Plan-Annual IDCW	Bandhan	₹12.4525	3 Jun 2026
quant Arbitrage Fund - IDCW Option - Direct Plan	Quant	₹10.8293	3 Jun 2026
Aditya Birla Sun Life Arbitrage Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹11.4514	3 Jun 2026
Motilal Oswal Arbitrage Fund-Direct Plan-IDCW	Motilal Oswal	₹10.8856	3 Jun 2026
Franklin India Arbitrage Fund - Direct - IDCW	Franklin India	₹11.0725	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹12.4660
2 Jun 2026	₹12.4590
1 Jun 2026	₹12.4740
29 May 2026	₹12.4380
27 May 2026	₹12.4580
26 May 2026	₹12.4630
25 May 2026	₹12.4600
22 May 2026	₹12.4520
21 May 2026	₹12.4640
20 May 2026	₹12.4610

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of DSP Arbitrage Fund - Direct - IDCW is ₹12.4660. It's a Arbitrage Fund from DSP, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

DSP Arbitrage Fund - Direct - IDCW has NAV history starting from 29 Jan 2018, a track record of about 8 years 4 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

DSP Arbitrage Fund - Direct - IDCW is managed by DSP. It's classified by AMFI under the 'Arbitrage Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, DSP Arbitrage Fund - Direct - IDCW has delivered a absolute return of 1.19% — -2.97 pp behind the Arbitrage Fund category average of 4.16%. The fund ranks #39 of 53 in its category — the third (Q3) quartile.

Over the trailing 3-year window, DSP Arbitrage Fund - Direct - IDCW has delivered a CAGR of 3.91% — -0.91 pp behind the Arbitrage Fund category average of 4.81%. The fund ranks #32 of 49 in its category — the third (Q3) quartile.

Over the trailing 5-year window, DSP Arbitrage Fund - Direct - IDCW has delivered a CAGR of 3.27% — -1.41 pp behind the Arbitrage Fund category average of 4.68%. The fund ranks #32 of 43 in its category — the third (Q3) quartile.

₹1 lakh invested in DSP Arbitrage Fund - Direct - IDCW exactly 5 years ago would be worth approximately ₹117,460 today — a multiplier of 1.17×, based on the 5-year CAGR of 3.27%. The category average over the same window would have grown ₹1 lakh to ₹125,689.

A ₹10,000 monthly SIP in DSP Arbitrage Fund - Direct - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹643,640 today. That's an XIRR (money-weighted annualised return) of 2.77%.

DSP Arbitrage Fund - Direct - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹925,540 — XIRR 2.73%.

On a 5-year basis, DSP Arbitrage Fund - Direct - IDCW ranks #32 out of 43 funds in the Arbitrage Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 4.68%; this fund delivered 3.27%.

The worst peak-to-trough decline DSP Arbitrage Fund - Direct - IDCW has experienced over the last 5-year window is 5.22% — its NAV fell from a high on 23 Feb 2023 to a low on 24 Feb 2023. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, DSP Arbitrage Fund - Direct - IDCW averaged 2.69% (best 4.21%, worst 1.47%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.85 — negative risk-adjusted performance.

In calendar year 2025, DSP Arbitrage Fund - Direct - IDCW returned 1.78% — lagging the Arbitrage Fund category average of 3.93% by 2.16 pp. It ranked #35 of 49 in its category that year.

DSP Arbitrage Fund - Direct - IDCW is a Hybrid scheme. Tax treatment follows its actual equity allocation as disclosed by the AMC: at least 65% equity behaves like an equity fund (12.5% LTCG over 12 months, 20% STCG); 35-65% equity often gets an equity-style treatment with a 24-month threshold; under 35% equity is taxed at slab rate like a debt fund. Check the AMC's latest factsheet for the current classification.

We don't give personal investment advice. DSP Arbitrage Fund - Direct - IDCW is suitable for an investor whose:

horizon is 3-5 years — too short for pure equity, too long for pure debt
wants a single fund that automatically rebalances between equity and debt
is comfortable trading some upside for lower volatility vs a pure equity fund

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 5.2%. 5-year CAGR: 3.27%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.