Should I invest in ICICI Prudential Equity Arbitrage Fund?

We don't give personal investment advice. ICICI Prudential Equity Arbitrage Fund - Direct Plan - 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: 0.6%. 5-year CAGR: 3.14%.

ICICI Prudential

ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW

Latest NAV

₹17.7109

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%	-0.05%	-0.08	43 / 59	Q3
1W	-0.05%	0.00%	-0.05	46 / 59	Q4
2W	-0.12%	-0.09%	-0.04	46 / 58	Q4
1M	-0.08%	+0.22%	-0.30	51 / 58	Q4
3M	+0.32%	+0.55%	-0.24	40 / 55	Q3
6M	+1.50%	+1.82%	-0.32	40 / 55	Q3
YTD	+0.90%	+1.31%	-0.40	37 / 55	Q3
1Y	+2.57%	+4.16%	-1.59	37 / 53	Q3
2Y	+3.30%	+4.35%	-1.05	33 / 50	Q3
3Y	+3.65%	+4.81%	-1.17	34 / 49	Q3
4Y	+3.39%	+4.90%	-1.52	33 / 47	Q3
5Y	+3.14%	+4.68%	-1.54	33 / 43	Q4
7Y	+2.84%	+3.99%	-1.15	28 / 37	Q4
10Y	+2.22%	+3.30%	-1.09	18 / 26	Q3
Inception	+2.30%	+3.40%	-1.10	39 / 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	+0.90%	+1.35%	-0.45	36 / 50
2025	+3.31%	+3.93%	-0.63	32 / 49
2024	+4.30%	+6.12%	-1.82	35 / 47
2023	+3.81%	+5.67%	-1.86	32 / 46
2022	+0.82%	+3.73%	-2.92	35 / 41
2021	+4.44%	+3.16%	+1.29	9 / 42
2020	+1.10%	+1.39%	-0.29	27 / 41
2019	+2.01%	+2.88%	-0.87	19 / 36
2018	-2.53%	+1.64%	-4.17	28 / 30
2017	+2.03%	+2.68%	-0.65	14 / 29
2016	+1.97%	+3.28%	-1.31	15 / 25

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

+2.14%

152 windows

min -3.2% · max 5.7%

84% positive

3-Year rolling

+1.79%

127 windows

min -0.7% · max 3.9%

90% positive

5-Year rolling

+1.68%

103 windows

min -0.1% · max 3.4%

99% positive

7-Year rolling

+1.64%

79 windows

min 0.8% · max 2.9%

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

0.54%

3-year · annualised

Sharpe ratio

-5.43

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.53%

May 2025 → May 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
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
Mirae Asset Arbitrage Fund Direct IDCW	Mirae Asset	₹14.2640	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹17.7109
2 Jun 2026	₹17.7008
1 Jun 2026	₹17.7229
29 May 2026	₹17.6712
27 May 2026	₹17.7010
26 May 2026	₹17.7092
25 May 2026	₹17.7033
22 May 2026	₹17.6953
21 May 2026	₹17.7097
20 May 2026	₹17.7071

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 - IDCW is ₹17.7109. It's a Arbitrage Fund from ICICI Prudential, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW 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 - IDCW 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 - IDCW has delivered a absolute return of 2.57% — -1.59 pp behind the Arbitrage Fund category average of 4.16%. The fund ranks #37 of 53 in its category — the third (Q3) quartile.

Over the trailing 3-year window, ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW has delivered a CAGR of 3.65% — -1.17 pp behind the Arbitrage Fund category average of 4.81%. The fund ranks #34 of 49 in its category — the third (Q3) quartile.

Over the trailing 5-year window, ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW has delivered a CAGR of 3.14% — -1.54 pp behind the Arbitrage Fund category average of 4.68%. The fund ranks #33 of 43 in its category — the bottom (Q4) quartile.

₹1 lakh invested in ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW exactly 10 years ago would be worth approximately ₹124,507 today — a multiplier of 1.25×, based on the 10-year CAGR of 2.22%. The category average over the same window would have grown ₹1 lakh to ₹138,405.

A ₹10,000 monthly SIP in ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹651,762 today. That's an XIRR (money-weighted annualised return) of 3.26%.

A ₹10,000 monthly SIP for 10 years in ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW = ₹1,200,000 invested. It would currently be worth ₹1,379,091 (multiplier 1.15×). XIRR: 2.73%. 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 - IDCW ranks #33 out of 43 funds in the Arbitrage Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 4.68%; this fund delivered 3.14%.

The worst peak-to-trough decline ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW has experienced over the last 5-year window is 0.55% — its NAV fell from a high on 25 Feb 2022 to a low on 08 Apr 2022. 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 - IDCW averaged 1.68% (best 3.42%, worst -0.08%). 99% of rolling windows ended positive. The 5-year Sharpe ratio is -5.19 — negative risk-adjusted performance.

In calendar year 2025, ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW returned 3.31% — lagging the Arbitrage Fund category average of 3.93% by 0.63 pp. It ranked #32 of 49 in its category that year.

ICICI Prudential Equity Arbitrage Fund - Direct Plan - 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. ICICI Prudential Equity Arbitrage Fund - Direct Plan - 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: 0.6%. 5-year CAGR: 3.14%.

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