WOC Arbitrage Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
WOC Arbitrage Fund Direct Growth Plan is at a NAV of ₹11.535 as of 10 Sep 2026, with scheme AUM of ₹2,254 Cr. Its 1-year, 3-year and 5-year returns are 7.1%, 0% and 0%, and the fund is placed in the Low Risk category.
Our view is that this is a relatively steady arbitrage-style option for conservative investors who want lower volatility rather than equity-like upside. The return pattern has stayed modest, and the fund has broadly moved in line with its defensive positioning, though its longer-term track record is still limited by the scheme’s recent launch.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.535 as of 10 Sep 2026 |
| AUM | ₹2,254 Cr |
| Expense Ratio | 0.37% |
| Launch Date | 09 Sep 2024 |
| Min SIP | ₹100 |
| Risk Category | Low Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | NIL upto 10% of units and 0.25% for remaining units on or before 7D, NIL after 7D |
| Fund Managers | Ramesh Mantri, Ashish Agarwal, Piyush Baranwal, Bhavin Patadia |
The fund is managed by Ramesh Mantri, Ashish Agarwal, Piyush Baranwal and Bhavin Patadia.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.69% | -4.06% |
| 3M | 1.99% | 1.37% |
| 1Y | 7.1% | -7.31% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent numbers show a fund that has stayed positive over short windows while the benchmark has been more uneven. In 1 month, the fund was slightly ahead while the benchmark was negative, which points to a steadier defensive profile over a choppier market backdrop.
Over 3 months, the fund continued to edge higher, and that gain was slightly better than the benchmark’s rise. The gap is not large, but it does suggest the strategy has been able to preserve a small edge when equity markets have been mixed.
The 1-year picture is more meaningful. The fund’s 7.1% return stands in contrast to the benchmark’s -7.31%, so it has clearly held up better over the period. Even so, the fund’s own path has not been fast-growing; the pattern is more about stability and incremental movement than strong compounding.
Because the scheme launched in September 2024, there is no real 3-year or 5-year history to assess. That matters for interpretation: the short record supports a cautious reading, and we would avoid treating the current trend as proof of how it behaves across a full market cycle.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD WOC 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 WOC Arbitrage? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| WOC Arbitrage Fund Direct Growth Plan | 7.1% | Data not available | Data not available |
| Quant Arbitrage Fund Direct Growth Plan | 7.82% | Data not available | Data not available |
| Franklin India Arbitrage Fund Direct Growth Plan | 7.23% | Data not available | Data not available |
| Motilal Oswal Arbitrage Fund Direct Growth Plan | 7.19% | Data not available | Data not available |
| WOC Arbitrage Fund Direct Growth Plan | 7.1% | Data not available | Data not available |
| Invesco India Arbitrage Fund Direct Growth Plan | 7.02% | 7.54% | 7.05% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return is close to the peer cluster, sitting below Quant Arbitrage Fund Direct Growth Plan and Franklin India Arbitrage Fund Direct Growth Plan but ahead of Invesco India Arbitrage Fund Direct Growth Plan. That places it in the middle of the group on the recent figure alone.
The longer view is less complete because most of the compared schemes do not have 3-year or 5-year figures here. On the available longer-term data, Invesco India Arbitrage Fund Direct Growth Plan shows a fuller history and those returns are stronger than this fund’s unavailable multi-year record can demonstrate. So the short-term comparison looks competitive, but the longer-term comparison remains incomplete rather than decisively favourable.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Clearing Corporation of India Ltd | Cash & Cash Equivalents and Net Assets | 6.06% |
| Whiteoak Capital Liquid Fund- Direct Plan-Gr | Domestic Mutual Funds Units | 5.44% |
| Vodafone Idea Limited | Telecom | 4.61% |
| HDFC Bank Limited | Bank | 3.34% |
| Reliance Industries Limited | Crude Oil | 3.32% |
| Bharti Airtel Limited | Telecom | 2.76% |
| Whiteoak Cap Ultra Short Term Fund- Dir PL-GR Op | Domestic Mutual Funds Units | 2.64% |
| Axis Bank Limited | Bank | 2.62% |
| Ultratech Cement Limited | Construction Materials | 1.72% |
| NTPC Limited | Power | 1.61% |
The largest disclosed holding is Clearing Corporation of India Ltd at 6.06%, which is meaningful but not dominant on its own. The drop from the first holding to the tenth is gradual rather than abrupt, falling to 1.61%, so the list does not look heavily concentrated in a single name.
The top 10 holdings account for approximately 34.12% of the portfolio, and the fund discloses 57 holdings in total. That mix suggests a fairly broad tail beyond the largest positions, although the named holdings still matter because a few of them sit above 3% and may contribute more noticeably to short-term movement.
Overall, the pattern looks spread across multiple positions rather than tied to one or two very large bets. That could help smooth company-specific shocks, but it also means the fund’s outcome may depend on how several moderate-weight positions behave together.
To see all holdings, visit the WOC Arbitrage Fund Direct Growth Plan page
Source data date: as of 10 Sep 2026
Who should invest
This fund suits investors with a low-risk preference who want a more conservative hybrid allocation rather than a high-growth equity strategy. The 1-year return has been positive, while the scheme has no meaningful 3-year or 5-year record yet, so the case for it rests more on stability than on long track record.
It may fit a shorter-to-medium horizon where capital preservation and smoother behaviour matter more than chasing market highs. Against the benchmark, it has been steadier over recent periods, which is useful for cautious investors, but the trade-off is that the upside has been modest. The portfolio mix also leans toward a diversified set of positions rather than one dominant exposure, which can support a calmer ride.
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: NIL upto 10% of units and 0.25% for remaining units on or before 7D, NIL after 7D.
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of WOC Arbitrage Fund Direct Growth Plan?
The current NAV is ₹11.535 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 7.1%, while the 3-year and 5-year returns are Data not available because the scheme history is still short.
How has it performed against the benchmark?
It has been steadier than Nifty 50 over the recent windows shown. The 1-year return is 7.1% versus -7.31% for the benchmark.
How does it compare with peer funds on the 1-year figure?
Its 1-year return of 7.1% is below Quant Arbitrage Fund Direct Growth Plan and Franklin India Arbitrage Fund Direct Growth Plan, and above Invesco India Arbitrage Fund Direct Growth Plan.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is its exit load?
The fund is managed by Ramesh Mantri, Ashish Agarwal, Piyush Baranwal and Bhavin Patadia. The exit load is NIL upto 10% of units and 0.25% for remaining units on or before 7D, and NIL after 7D.
Bottom line
WOC Arbitrage Fund Direct Growth Plan has shown a steadier recent profile than the benchmark, but its record is still short, so the longer-term picture is not yet established. On the peer figures available, its 1-year return sits in the middle of the compared group, which points to a competitive but not standout recent run. The Low Risk label, broad holdings list and modest return profile make it more relevant for investors prioritising stability over high upside.
Published on 11 September 2026 at 5:46 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.