Should I invest in ICICI Prudential Equity Arbitrage Fund?

We don't give personal investment advice. ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth 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: 0.3%. 5-year CAGR: 6.52%.

ICICI Prudential

ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth

Latest NAV

₹38.8587

As of

3 Jun 2026

3,296 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%	-0.07%	-0.05	24 / 38	Q3
1W	-0.05%	-0.01%	-0.04	30 / 38	Q4
2W	-0.12%	-0.06%	-0.06	36 / 38	Q4
1M	+0.20%	+0.24%	-0.04	32 / 38	Q4
3M	+1.17%	+1.21%	-0.04	25 / 35	Q3
6M	+2.95%	+2.97%	-0.03	24 / 35	Q3
YTD	+2.35%	+2.40%	-0.06	24 / 35	Q3
1Y	+6.15%	+6.22%	-0.07	20 / 31	Q3
2Y	+6.97%	+6.87%	+0.10	10 / 26	Q2
3Y	+7.40%	+7.31%	+0.09	12 / 24	Q2
4Y	+7.12%	+6.99%	+0.13	9 / 23	Q2
5Y	+6.52%	+6.40%	+0.12	10 / 20	Q2
7Y	+6.12%	+6.05%	+0.07	9 / 17	Q3
10Y	+6.34%	+6.30%	+0.04	7 / 12	Q3
Inception	+6.99%	+5.76%	+1.23	7 / 38	Q1

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	+2.35%	+2.40%	-0.06	24 / 35
2025	+6.96%	+6.83%	+0.13	15 / 30
2024	+8.13%	+7.96%	+0.17	12 / 26
2023	+7.79%	+7.67%	+0.12	13 / 24
2022	+4.79%	+4.64%	+0.14	11 / 21
2021	+4.44%	+4.15%	+0.29	8 / 20
2020	+4.75%	+4.54%	+0.20	9 / 18
2019	+6.57%	+6.63%	-0.05	10 / 15
2018	+6.85%	+6.64%	+0.21	4 / 12
2017	+6.26%	+6.27%	-0.02	8 / 12
2016	+7.52%	+7.30%	+0.22	2 / 11

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

+6.90%

152 windows

min 3.3% · max 10.4%

100% positive

3-Year rolling

+6.61%

127 windows

min 4.5% · max 9.1%

100% positive

5-Year rolling

+6.39%

103 windows

min 5.4% · max 8.2%

100% positive

7-Year rolling

+6.37%

79 windows

min 5.8% · max 7.8%

100% positive

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

0.45%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.29%

May 2026 → May 2026

% positive months

100.0%

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 Growth Option - Direct Plan	HDFC	₹21.3110	3 Jun 2026
Nippon India Arbitrage Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹30.3224	3 Jun 2026
Invesco India Arbitrage Fund - Direct Plan - Growth Option	Invesco	₹36.5313	3 Jun 2026
BANDHAN Arbitrage Fund-Direct Plan- Growth	Bandhan	₹37.0601	3 Jun 2026
quant Arbitrage Fund - Growth Option - Direct Plan	Quant	₹10.8385	3 Jun 2026
Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹30.2752	3 Jun 2026
Motilal Oswal Arbitrage Fund-Direct Plan-Growth	Motilal Oswal	₹11.0471	3 Jun 2026
Franklin India Arbitrage Fund - Direct - Growth	Franklin India	₹11.0725	3 Jun 2026
Mirae Asset Arbitrage Fund Direct Growth	Mirae Asset	₹14.2840	3 Jun 2026
Kotak Arbitrage Fund - Direct Plan - Growth	Kotak	₹42.3407	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹38.8587
2 Jun 2026	₹38.8365
1 Jun 2026	₹38.8849
29 May 2026	₹38.7715
27 May 2026	₹38.8369
26 May 2026	₹38.8549
25 May 2026	₹38.8420
22 May 2026	₹38.8245
21 May 2026	₹38.8559
20 May 2026	₹38.8502

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 ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth is ₹38.8587. It's a Arbitrage Fund from ICICI Prudential, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth has NAV history starting from 08 Jan 2013, a track record of about 13 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.

ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth is managed by ICICI Prudential. 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, ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth has delivered a absolute return of 6.15% — -0.07 pp behind the Arbitrage Fund category average of 6.22%. The fund ranks #20 of 31 in its category — the third (Q3) quartile.

Over the trailing 3-year window, ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth has delivered a CAGR of 7.40% — +0.09 pp ahead of the Arbitrage Fund category average of 7.31%. The fund ranks #12 of 24 in its category — the second (Q2) quartile.

Over the trailing 5-year window, ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth has delivered a CAGR of 6.52% — +0.12 pp ahead of the Arbitrage Fund category average of 6.40%. The fund ranks #10 of 20 in its category — the second (Q2) quartile.

₹1 lakh invested in ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth exactly 10 years ago would be worth approximately ₹184,913 today — a multiplier of 1.85×, based on the 10-year CAGR of 6.34%. The category average over the same window would have grown ₹1 lakh to ₹184,260.

A ₹10,000 monthly SIP in ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹715,355 today. That's an XIRR (money-weighted annualised return) of 6.96%.

A ₹10,000 monthly SIP for 10 years in ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth = ₹1,200,000 invested. It would currently be worth ₹1,665,924 (multiplier 1.39×). XIRR: 6.38%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth ranks #10 out of 20 funds in the Arbitrage Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 6.40%; this fund delivered 6.52%.

The worst peak-to-trough decline ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth has experienced over the last 5-year window is 0.29% — its NAV fell from a high on 19 May 2026 to a low on 29 May 2026. 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, ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth averaged 6.39% (best 8.19%, worst 5.45%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.27 — negative risk-adjusted performance.

In calendar year 2025, ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth returned 6.96% — beating the Arbitrage Fund category average of 6.83% by 0.13 pp. It ranked #15 of 30 in its category that year.

ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth 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. ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth 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: 0.3%. 5-year CAGR: 6.52%.

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

ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Arbitrage Fund

Recent NAVs

Frequently asked questions

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