{"id":253743,"date":"2026-09-17T15:43:42","date_gmt":"2026-09-17T10:13:42","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/"},"modified":"2026-09-17T15:43:42","modified_gmt":"2026-09-17T10:13:42","slug":"hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/","title":{"rendered":"HDFC Income Plus Arbitrage Omni FOF Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-income-plus-arbitrage-omni-fof-g-direct-plan\">HDFC Income Plus Arbitrage Omni FOF Direct Growth Plan<\/a> is priced at \u20b910.3916 as of 16 Sep 2026, with scheme AUM of \u20b930 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the risk category is Medium Risk. In our view, the fund fits investors looking for a relatively steady, mixed-income style allocation rather than a high-octane equity outcome, especially because the portfolio is built mainly around domestic mutual fund units.<\/p>\n<p>The early return record is still short, so we read the fund more as a structure-and-composition story than a long performance history. The low expense ratio and concentrated portfolio may appeal to investors who want a simple wrapper, but the benchmark comparison and peer set suggest that the near-term return pattern needs more time before it can be judged meaningfully.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HDFC_Income_Plus_Arbitrage_Omni_FOF\" title=\"Should you BUY or HOLD HDFC Income Plus Arbitrage Omni FOF?\">Should you BUY or HOLD HDFC Income Plus Arbitrage Omni FOF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-income-plus-arbitrage-omni-fof-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b910.3916 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b930 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.0%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>12 Mar 2026<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Medium Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>1% on or before 18M, Nil after 18M<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Bhavyesh Divecha, Praveen Jain<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Bhavyesh Divecha and Praveen Jain.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.24%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.89%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>0%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>0%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>0%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Recent behaviour is calm rather than dramatic. Over one month and three months, the fund stayed mildly positive while the benchmark was negative in both windows, which points to better short-term resilience than the index backdrop.<\/p>\n<p>The longer-horizon picture is still limited because the fund launched only in March 2026, so the 1-year, 3-year and 5-year readings do not yet represent a mature track record. For now, we treat the zero return figures as a sign that the fund has not built a long compounding record rather than as a judgement on its eventual capability.<\/p>\n<p>What matters more at this stage is the pattern beneath the headline numbers. The fund has held near a stable level over the observed periods, while the benchmark has moved around more sharply. That makes the current profile look more defensive than growth-oriented, with modest upside participation so far.<\/p>\n<p>Because the history is short, our view is that investors should read this as an early-stage portfolio outcome, not as a settled long-term performance story. The near-term edge over the benchmark is encouraging, but it is not enough on its own to define the fund\u2019s place across a full market cycle.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_HDFC_Income_Plus_Arbitrage_Omni_FOF\"><\/span>Should you BUY or HOLD HDFC Income Plus Arbitrage Omni FOF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding HDFC Income Plus Arbitrage Omni FOF? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-income-plus-arbitrage-omni-fof-g-direct-plan\">HDFC Income Plus Arbitrage Omni FOF Direct Growth Plan<\/a><\/td>\n<td>0%<\/td>\n<td>0%<\/td>\n<td>0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-gold-and-silver-passive-fof-g-direct-plan\">Axis Gold and Silver Passive FoF Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-gold-etf-fof-g-direct-plan\">HSBC Gold ETF FOF Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-silver-etf-fof-g-direct-plan\">Bandhan Silver ETF FOF Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/the-wealth-company-gold-etf-fof-g-direct-plan\">The Wealth Company Gold ETF FOF Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/mirae-asset-bse-midcap-150-momentum-30-etf-fof-g-direct-plan\">Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The current fund\u2019s near-term return is modest, while the peer list mostly lacks usable return history for the same periods. That means the comparison is less about outperformance and more about the absence of a long published track record across the set. On the available numbers, the fund\u2019s short-term steadiness looks cleaner than the benchmark\u2019s recent movement, but the peer table does not yet give us a strong long-horizon contrast.<\/p>\n<p>In practical terms, the fund looks more established on portfolio construction than on performance depth. If an investor is comparing it with other domestic fund-of-fund style options, the present evidence supports a cautious reading: there is some short-term resilience, but not enough history to claim a durable edge over the available peer universe.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>HDFC Credit Risk Fund &#8211; Growth Option &#8211; Direct Plan<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>59.81%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Arbitrage Fund &#8211; Direct Plan &#8211; Growth Option<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>36.5%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Crisil-Ibx Financial Services 3-6 Months Debt Index Fund &#8211; Direct Plan &#8211; Growth Option<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>3.37%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding, HDFC Credit Risk Fund &#8211; Growth Option &#8211; Direct Plan, carries a weight of 59.81%, so it is likely to have the greatest influence on the portfolio\u2019s day-to-day behaviour. The second holding is also large at 36.5%, which means the first two positions together account for almost the entire portfolio shown here.<\/p>\n<p>Weight drops sharply after those two positions. The third holding is just 3.37%, so the disclosed structure is highly concentrated rather than evenly spread. That kind of pattern may make the fund\u2019s outcome depend heavily on the performance of a small number of underlying fund units.<\/p>\n<p>Because only three holdings are disclosed and the top three together account for 99.68% of the portfolio, there is very little visible tail beyond the main positions. In our view, that suggests a compact portfolio design where the broad result is more likely to be shaped by the core allocations than by a long list of smaller positions.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund suits investors who are comfortable with Medium Risk and want an allocation that does not rely on aggressive equity-style behaviour. The short record and the flat 1-year, 3-year and 5-year figures mean it is better approached with patience than with expectations of fast compounding.<\/p>\n<p>The benchmark comparison shows some short-term resilience, but the fund does not yet have a deep history that proves consistency across market cycles. That makes it more suitable for investors with a moderate horizon who can accept a trade-off between steadiness and the possibility of muted returns while the track record develops.<\/p>\n<p>The main trade-off is concentration: the portfolio is built around a few large underlying fund units, so outcomes may depend heavily on those positions. Investors who prefer a clearer long-run performance record or broader diversification may want to wait for more history.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: 1% if units are sold within 18 months; nil after 18 months.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of HDFC Income Plus Arbitrage Omni FOF Direct Growth Plan?<\/strong><br \/>The current NAV is \u20b910.3916 as of 16 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s recent returns?<\/strong><br \/>The fund\u2019s 1-year, 3-year and 5-year returns are 0%, 0% and 0%. Its 1-month return is 0.24% and its 3-month return is 1.89%.<\/p>\n<p><strong>How has it done against the benchmark recently?<\/strong><br \/>It has been ahead of the benchmark over both the 1-month and 3-month windows. The benchmark returns for those periods are -4.41% and -3.6%.<\/p>\n<p><strong>Which funds are the main peers in the comparison?<\/strong><br \/>The comparison includes Axis Gold and Silver Passive FoF Direct Growth Plan, HSBC Gold ETF FOF Direct Growth Plan, Bandhan Silver ETF FOF Direct Growth Plan, The Wealth Company Gold ETF FOF Direct Growth Plan and Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth Plan. Their return fields are not available for the periods shown.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b9100.<\/p>\n<p><strong>Who manages the fund and what is the exit load?<\/strong><br \/>The fund is managed by Bhavyesh Divecha and Praveen Jain. The exit load is 1% if units are sold within 18 months, and nil after 18 months.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund\u2019s recent behaviour looks steadier than its benchmark, but the long-horizon return record is still too short to read as a finished performance story. The peer set does not yet provide much usable return history, so the main takeaway is the portfolio structure: a very concentrated mix built mostly around domestic mutual fund units. That makes it a Medium Risk option for investors who can tolerate limited track-record depth and who value a compact, simple allocation more than a long public history.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 3:42 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"HDFC Income Plus Arbitrage Omni FOF Direct Growth Plan\",\"identifier\":\"hdfc-income-plus-arbitrage-omni-fof-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"12 Mar 2026\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":10.3916,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"30 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.0\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Bhavyesh Divecha, Praveen Jain\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HDFC Income Plus Arbitrage Omni FOF Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b910.3916 as of 16 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s recent returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year, 3-year and 5-year returns are 0%, 0% and 0%. Its 1-month return is 0.24% and its 3-month return is 1.89%.\"}},{\"@type\":\"Question\",\"name\":\"How has it done against the benchmark recently?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has been ahead of the benchmark over both the 1-month and 3-month windows. The benchmark returns for those periods are -4.41% and -3.6%.\"}},{\"@type\":\"Question\",\"name\":\"Which funds are the main peers in the comparison?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The comparison includes Axis Gold and Silver Passive FoF Direct Growth Plan, HSBC Gold ETF FOF Direct Growth Plan, Bandhan Silver ETF FOF Direct Growth Plan, The Wealth Company Gold ETF FOF Direct Growth Plan and Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth Plan. Their return fields are not available for the periods shown.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Bhavyesh Divecha and Praveen Jain. The exit load is 1% if units are sold within 18 months, and nil after 18 months.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HDFC Income Plus Arbitrage Omni FOF Direct Growth Plan trades at \u20b910.3916 as of 16 Sep 2026, has \u20b930 Cr AUM and a Medium Risk profile. Its recent returns are 0%, 0% and 0%.<\/p>\n","protected":false},"author":38,"featured_media":253740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-253743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["253740"],"rank_math_title":["HDFC Income Plus Arbitrage Omni FOF Review 2026"],"rank_math_description":["HDFC Income Plus Arbitrage Omni FOF Direct Growth Plan NAV is \u20b910.3916 as of 16 Sep 2026; 1M return is 0.24% and 3M return is 1.89%."],"rank_math_focus_keyword":["HDFC Income Plus Arbitrage Omni FOF Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/HDFC_Income_Plus_Arbitrage_Omni_FOF_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=253743"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/253740"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=253743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=253743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=253743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}