Tata Income Plus Arbitrage Active FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Income Plus Arbitrage Active FOF Direct Growth Plan currently has a NAV of ₹10.7098 as of 15 September 2026 and scheme AUM of ₹271 Cr. Its 1-year, 3-year and 5-year returns are 5.74%, 0% and 0%, and the scheme sits in the Medium Risk category. Our view is that this is a conservative hybrid fund idea with limited track record, so the investment case depends more on stability and portfolio structure than on long-run return history.
It has done better over one year than the benchmark pattern shown here, but the short history means investors should read the recent return trend with caution. The portfolio is almost entirely invested in two underlying fund exposures, which keeps the structure simple but also leaves limited room for diversification inside the scheme.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.7098 as of 15 Sep 2026 |
| AUM | ₹271 Cr |
| Expense Ratio | 0.07% |
| Launch Date | 20 May 2025 |
| Min SIP | ₹500 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | 0.25% on or before 30D, Nil after 30D |
| Fund Managers | Sailesh Jain, Murthy Nagarajan, Amit Somani |
The fund is managed by Sailesh Jain, Murthy Nagarajan and Amit Somani.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.08% | -4.81% |
| 3M | 1.24% | -3.63% |
| 1Y | 5.74% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The one-year picture is clearly better than the benchmark, and the gap is wide enough to matter. Over the same period, the benchmark has been weak while this fund has stayed positive, which suggests that the scheme’s underlying structure has helped it hold up better than a plain equity index.
Shorter-term behaviour is also steadier than the benchmark. The 1-month and 3-month figures are modest, but they remain positive while the benchmark has been negative in both periods. That points to lower day-to-day pressure than a direct equity proxy, although the gain profile is not strong enough to call it a high-return product.
The longer view is more limited because the fund was launched on 20 May 2025, so there is no meaningful 3-year or 5-year return history to judge. That makes the recent 1-year result useful, but not sufficient on its own to establish a full cycle record. For now, the return pattern looks more defensive than aggressive.
Viewed through the available trend pattern, the fund has not shown sharp swings in the recent periods shown here. That is consistent with a structure that aims to stay steadier than a pure equity allocation, although the return level is also more restrained. In our view, the main question is less about catching up quickly and more about whether this stability is enough for the role an investor wants it to play.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Tata Income Plus Arbitrage Active FOF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Tata Income Plus Arbitrage Active FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Income Plus Arbitrage Active FOF Direct Growth Plan | 5.74% | Data not available | Data not available |
| Quant Arbitrage Fund Direct Growth Plan | 7.71% | Data not available | Data not available |
| WOC Arbitrage Fund Direct Growth Plan | 7.17% | Data not available | Data not available |
| Motilal Oswal Arbitrage Fund Direct Growth Plan | 7% | Data not available | Data not available |
| Franklin India Arbitrage Fund Direct Growth Plan | 6.99% | Data not available | Data not available |
| Invesco India Arbitrage Fund Direct Growth Plan | 6.85% | 7.5% | 7.04% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figure, the fund trails several peer returns in this group, although it still stays positive while the benchmark has been negative over the same horizon. The longer-term comparison is harder to use because the fund itself does not yet have a 3-year or 5-year history, while only one peer in the list has those longer figures. That means the short-term comparison is informative, but the longer-term view remains incomplete.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Tata Corporate Bond Fund | Domestic Mutual Funds Units | 60.29% |
| Tata Arbitrage Fund | Domestic Mutual Funds Units | 39.68% |
The largest holding, Tata Corporate Bond Fund, accounts for 60.29% of the portfolio, so it is likely to have the greatest influence on the fund’s day-to-day behaviour. The second holding, Tata Arbitrage Fund, still carries a sizeable 39.68%, which means the gap between the two positions is present but not extreme. Together, the two disclosed holdings add up to 99.97%, so the portfolio is highly concentrated in a very small number of underlying exposures.
Because only two holdings are disclosed, there is no long tail of smaller positions to soften the weight pattern. That makes the portfolio easy to read, but it also means the fund’s character may depend heavily on how these two underlying funds behave. In practical terms, the fund looks more like a focused fund-of-funds structure than a broadly spread basket.
This concentration may help keep the exposure easy to understand, but it could also make returns more dependent on the mix between the bond and arbitrage sleeves. Since the holdings account for almost the entire portfolio, the displayed allocation gives a fairly complete picture of where the money is deployed.
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors who are comfortable with Medium Risk and want a relatively steady hybrid-style allocation rather than an equity-heavy profile. The available return pattern points to a defensive posture: positive recent returns, but no long history and no evidence here of aggressive compounding.
It is more suitable for a medium-to-long horizon where an investor can let the portfolio work through different market phases. The main trade-off is simple: the fund may offer smoother behaviour than a direct equity benchmark, but that usually comes with more modest return potential. The concentrated two-holding structure also means investors need to be comfortable with a focused underlying mix rather than broad diversification inside the scheme.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 0.25% on or before 30D, Nil after 30D.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Tata Income Plus Arbitrage Active FOF Direct Growth Plan?
The current NAV is ₹10.7098 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 5.74%, while the 3-year and 5-year returns are Data not available because the scheme does not yet have a usable longer history.
How does the fund compare with the benchmark?
It has outpaced the benchmark over 1 month, 3 months and 1 year. The benchmark returns shown here are negative across those same periods, while the fund remains positive.
How does it compare with peer funds on 1-year return?
Its 1-year return of 5.74% is below the stronger 1-year figures shown by several peer funds, though it is still positive in a weak benchmark environment.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Sailesh Jain, Murthy Nagarajan and Amit Somani. The exit load is 0.25% on or before 30D and Nil after 30D.
Bottom line
Tata Income Plus Arbitrage Active FOF Direct Growth Plan has a short but positive performance record, with recent returns that hold up better than the benchmark while still lagging some peers on the available 1-year comparison. The fund’s Medium Risk label, modest return profile and two-holding structure point to a restrained, focused hybrid approach rather than an aggressive growth story. Our view is that it may suit investors who want a relatively steady allocation and are comfortable with limited history and concentrated underlying exposure.
Published on 16 September 2026 at 4:45 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.