Capitalmind Arbitrage Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Capitalmind Arbitrage Fund Direct Growth Plan has a NAV of ₹10.2965 as of 16 September 2026, with scheme AUM of ₹22 Cr. Its 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available, and the fund sits in the Low Risk category. Our view is that it suits conservative investors who want an arbitrage-style allocation and can accept that the current return history is still too short to build a long track record.
At this stage, the fund’s appeal is more about its risk profile and portfolio structure than about long performance history. The benchmark-linked context is limited, so we place more weight on the low-volatility design and the way the portfolio is currently held.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.2965 as of 16 Sep 2026 |
| AUM | ₹22 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 16 Mar 2026 |
| Min SIP | ₹1,000 |
| Risk Category | Low Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | 0.25% on or before 15D, Nil after 15D |
| Fund Managers | Anoop Vijaykumar, Prateek Jain |
The fund is managed by Anoop Vijaykumar and Prateek Jain.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.46% | -4.41% |
| 3M | 1.28% | -3.60% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term pattern is better than the benchmark, which has been negative over both the 1-month and 3-month windows while the fund has stayed slightly positive. That gap suggests the strategy has held up more steadily in a weak market stretch, even though the absolute gains are modest.
The longer horizons are not yet available in a way that allows a meaningful long-run read, so we do not treat this as a mature performance record. For now, the main message is that the fund has behaved defensively over the recent period rather than delivering standout upside.
That matters for investor expectations. An arbitrage fund is usually evaluated on consistency and downside control more than on sharp return spikes, and this fund’s recent path fits that pattern better than a high-return profile.
Against Nifty 50, the fund has shown lower sensitivity in the recent windows. That does not make it superior in every market setting, but it does indicate a different role from an equity-heavy allocation.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Capitalmind Arbitrage?
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 Capitalmind Arbitrage? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Capitalmind Arbitrage Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Quant Arbitrage Fund Direct Growth Plan | 7.61% | Data not available | Data not available |
| WOC Arbitrage Fund Direct Growth Plan | 7.17% | Data not available | Data not available |
| Franklin India Arbitrage Fund Direct Growth Plan | 7.03% | Data not available | Data not available |
| Motilal Oswal Arbitrage Fund Direct Growth Plan | 6.94% | Data not available | Data not available |
| Invesco India Arbitrage Fund Direct Growth Plan | 6.84% | 7.49% | 7.02% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The current fund cannot be compared on a 1-year return basis because a usable 1-year figure is not available here, while several peers show positive readings. That makes the recent peer picture look much more established than the fund’s own return history.
On longer horizons, only one peer has usable 3-year and 5-year figures, and those are both positive. The current fund therefore has a weaker measurable long-term comparison at this point, not because it has posted poor figures, but because the available history is still too short for the same style of comparison.
So the peer story is split: the short-term comparison shows the fund behaving steadily relative to a volatile benchmark, while the peer table shows other arbitrage funds with fuller return records. For readers who need a longer measurable history, that gap matters more than the recent week-to-week steadiness.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Net Receivables / (Payables) | Cash & Cash Equivalents and Net Assets | 83.5% |
| Capitalmind Liquid Fund – Direct-Growth | Domestic Mutual Funds Units | 14.77% |
| Clearing Corporation of India Ltd | Cash & Cash Equivalents and Net Assets | 1.31% |
| 364 Days Tbill (MD 25/12/2026) | Treasury Bills | 0.64% |
The largest disclosed holding is Net Receivables / (Payables) at 83.5%, which makes the portfolio look very concentrated in cash-like exposures rather than in a broad set of securities. The second holding, Capitalmind Liquid Fund – Direct-Growth, is much smaller at 14.77%, so the weight drops sharply after the first line item.
That drop continues quickly: the third holding is only 1.31%, and the fourth is 0.64%. With just four disclosed holdings accounting for 100% of the portfolio, the visible structure is compact and heavily focused on short-term liquidity management.
That pattern may suit an investor looking for an arbitrage-style fund with limited visible complexity, but it also means the first holding is likely to have the greatest influence on the portfolio’s day-to-day shape. The concentration is clear, though the assets themselves remain in cash-equivalent and short-duration categories rather than in a wide equity basket.
Source data date: as of 16 Sep 2026
Who should invest
This fund suits conservative investors who want a Low Risk hybrid allocation and are comfortable with an arbitrage-like profile rather than an equity-style growth path. The recent return pattern is steady in the short term, but the longer horizon is not yet available in a way that creates a full record, so the fund is better viewed as a defensive parking-style option than a performance anchor.
The main trade-off is that the portfolio appears designed for stability and liquidity, not for strong upside. Investors with a short to medium horizon and a preference for lower volatility may find that appealing, while those looking to outperform a rallying equity market may find the experience subdued.
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 15D, Nil after 15D.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Capitalmind Arbitrage Fund Direct Growth Plan?
The NAV is ₹10.2965 as of 16 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available.
How has the fund behaved against Nifty 50 recently?
It has been steadier than Nifty 50 over the recent 1-month and 3-month windows. The fund shows small positive figures while the benchmark is negative in both periods.
How does it compare with peers on available return data?
Several peers show positive 1-year return figures, while this fund does not yet have a usable 1-year reading for comparison. On longer horizons, only one peer in the table has usable 3-year and 5-year figures.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
Who manages the fund and what is the exit load?
The fund is managed by Anoop Vijaykumar and Prateek Jain. The exit load is 0.25% on or before 15D, and nil after 15D.
Bottom line
Capitalmind Arbitrage Fund Direct Growth Plan looks like a low-volatility, liquidity-focused option with a very short public return history. Its recent behaviour has been steadier than Nifty 50, but the longer-horizon record is still too limited to anchor a full performance judgment. Compared with peers, the available return picture is thinner, while the portfolio itself is highly concentrated in cash-like and short-duration exposures. That combination may appeal most to conservative investors who value stability over upside.
Published on 17 September 2026 at 3:29 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.