Edelweiss Income Plus Arbitrage Omni FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Income Plus Arbitrage Omni FoF Direct Growth Plan currently has a NAV of ₹10.6462 as of 15 Sep 2026 and scheme AUM of ₹124 Cr. Its 1-year, 3-year and 5-year returns are 5.79%, 0% and 0%, and the scheme sits in the Balanced Risk category.

Our view is that this is a relatively cautious hybrid-style option with a modest return track record so far and a portfolio built mainly from underlying debt and arbitrage-oriented exposures. The fund may suit investors who want steadier behaviour than an equity-heavy scheme, but it is still important to note that the longer return history is limited.

Quick facts

Particular	Details
NAV	₹10.6462 as of 15 Sep 2026
AUM	₹124 Cr
Expense Ratio	0.4%
Launch Date	18 Jul 2025
Min SIP	₹100
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	No exit load
Fund Managers	Bhavesh Jain, Bharat Lahoti, Rahul Dedhia, Hetul Raval

The fund is managed by Bhavesh Jain, Bharat Lahoti, Rahul Dedhia and Hetul Raval.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.41%	-4.41%
3M	1.55%	-3.6%
1Y	5.79%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term pattern has been steadier than the benchmark. Over 1M, 3M and 1Y, the fund stayed positive while the benchmark was negative across the same windows, which suggests a less volatile path than a broad equity index during the period captured here.

That said, the longer record is not yet meaningful enough to call the fund a mature compounding story. The scheme was launched on 18 Jul 2025, so 3-year and 5-year return figures are not available, and the visible history points more to preservation and consistency than to strong capital growth.

What stands out is the contrast between the fund’s modest positive returns and the benchmark’s declines. That gap matters because it shows the scheme has behaved differently from Nifty 50 in the near term, but it also means investors should not read the recent advantage as proof of a full market-cycle edge.

For now, our interpretation is that this is a defensive-leaning outcome set rather than a high-growth one. The recent trend is encouraging relative to the benchmark, yet the available history is still short and the long-term compounding case remains unproven.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Edelweiss Income Plus Arbitrage Omni 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Income Plus Arbitrage Omni FoF Direct Growth Plan	5.79%	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.

On the available 1-year figures, the fund trails the stronger peer numbers in this set, with several comparators showing returns above 7%. That means the recent outcome is acceptable but not especially strong relative to the better-performing peer outcomes available here.

The longer-term comparison is mixed because most peers in the table do not have 3-year or 5-year figures available, while Invesco India Arbitrage Fund Direct Growth Plan does. Against that one longer-history peer, this fund has no 3-year or 5-year record to compare, so the short-term peer picture is clearer than the long-term one.

In our view, the comparison tells two different stories: the fund has been more defensive than Nifty 50 recently, but it has not yet shown enough history to stand beside peers with multi-year records. That makes the near-term relative outcome useful, while the long-term view remains limited.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Edelweiss Ultra Short to Short Term Fund	Domestic Mutual Funds Units	39.99%
Edelweiss Arbitrage FD- DR PL- Grow Opt	Domestic Mutual Funds Units	37.30%
Edel Cri Ibx Aaa Fin S JN 28-Direct-Gr	Domestic Mutual Funds Units	18.48%
Edel Cris-Ibx Aaa Nbfc-Hfc-Jun 27 Ind FD	Domestic Mutual Funds Units	3.62%
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	0.67%

The largest holding is Edelweiss Ultra Short to Short Term Fund at 39.99%, which is large enough to have a meaningful influence on how the scheme behaves. The next holding is also sizeable at 37.30%, so the portfolio starts with a very heavy pair of exposures before moving into the lower-weight positions.

The drop from the first holding to the fifth is sharp, falling from 39.99% to 0.67%. That suggests the disclosed portfolio is concentrated in a handful of underlying positions rather than spread evenly across many similar-sized bets.

Only five holdings are disclosed here, and they account for 100% of the visible portfolio. That means the fund’s structure is quite compact in the holdings view, and the first few positions are likely to have greater influence than the small cash balance at the end.

Source data date: as of 15 Sep 2026

Who should invest

This fund may suit investors who are comfortable with a Balanced Risk profile and want a portfolio that has recently behaved more steadily than Nifty 50. The available return pattern points to a conservative outcome set, so it is better aligned with investors who value consistency and lower-day-to-day swings over aggressive growth.

A longer horizon is still sensible because the scheme has been live only since Jul 2025, which means the multi-year track record is not yet established. The main trade-off is that the fund’s recent stability comes with limited evidence of strong long-term compounding, so expectations should stay modest.

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: No exit load.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Income Plus Arbitrage Omni FoF Direct Growth Plan?
The current NAV is ₹10.6462 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 5.79%, while the 3-year and 5-year returns are Data not available.

How has the fund performed against Nifty 50 recently?
It has outpaced Nifty 50 over 1M, 3M and 1Y. The fund stayed positive in each window while Nifty 50 was negative in all three.

How does it compare with peer funds on available 1-year returns?
Its 1-year return is below several peer funds in the comparison set, including Quant Arbitrage Fund Direct Growth Plan at 7.61% and WOC Arbitrage Fund Direct Growth Plan at 7.17%.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Bhavesh Jain, Bharat Lahoti, Rahul Dedhia and Hetul Raval. The exit load is no exit load.

Bottom line

Edelweiss Income Plus Arbitrage Omni FoF Direct Growth Plan has shown a steadier recent profile than Nifty 50, but the long-term return picture is still limited because the scheme is relatively new. Against available peer data, its 1-year return is more subdued, while the portfolio structure looks concentrated in a small set of underlying holdings. In our view, it may appeal more to investors looking for balanced-risk behaviour and a compact underlying mix than to those seeking a proven multi-year growth record.

Published on 17 September 2026 at 9:51 AM 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.