The Wealth Company Arbitrage Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

The Wealth Company Arbitrage Fund Direct Growth Plan has a NAV of ₹10.5868 as of 16 Sep 2026 and scheme AUM of ₹150 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme sits in the Balanced Risk category.

Our view is that this is a relatively early-stage arbitrage-oriented hybrid scheme with a short live track record, so the cleanest read comes from its recent behaviour rather than long-horizon numbers. The current profile suits investors who want a moderated risk label, modest short-term stability, and are comfortable with limited history before drawing firm conclusions.

Quick facts

Particular	Details
NAV	₹10.5868 as of 16 Sep 2026
AUM	₹150 Cr
Expense Ratio	0.26%
Launch Date	14 Oct 2025
Min SIP	₹250
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	0.25% on or before 7D, Nil after 7D
Fund Managers	Rouhak Shah, Aparna Shanker, Neeraj Jain

The fund is managed by Rouhak Shah, Aparna Shanker and Neeraj Jain.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.47%	-4.41%
3M	1.48%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent movement has been steady rather than dramatic. Over the 1M and 3M windows, the fund stayed slightly positive while the benchmark remained negative, which suggests a calmer pattern than the broader market’s recent swings. That kind of behaviour is often what investors look for in an arbitrage-style allocation: limited directional dependence and a smoother short-term path.

The short history matters here. The fund launched on 14 Oct 2025, so there is no long multi-year record yet to judge compounding through a full cycle. The available 1M and 3M figures do show the fund holding up better than the benchmark in the near term, but we would treat that as an early signal rather than a durable long-run pattern.

The daily path also looks restrained. There are small day-to-day changes rather than sharp swings, which is consistent with a more stability-oriented return profile. For investors, that means the more relevant question is not whether the fund can chase a market-like rally, but whether it can keep delivering a relatively contained experience when equity sentiment is weaker.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD The Wealth Company 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
The Wealth Company 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.

In the near term, the fund trails the stronger 1Y figures shown by several peer arbitrage funds, but that comparison is limited because this scheme does not yet have a 1Y record available in the current dataset. Its available 3M pattern is positive, yet the peer set also includes a fund with usable 3Y and 5Y figures that point to a longer operating history and steadier compounding evidence. In our view, this means the current fund is still building its track record while the peer set offers a clearer long-run reference point.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
The Wealth Company Mutual Fund	Domestic Mutual Funds Units	20.24%
ICICI Bank Limited	Bank	7.79%
Canara Bank	Bank	6.5%
Axis Bank Limited	Bank	6.43%
HDFC Bank Limited	Bank	5.18%
Bharat Heavy Electricals Limited	Capital Goods	4.87%
Godrej Properties Limited	Realty	4.79%
Vodafone Idea Limited	Telecom	4.36%
The Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	3.74%
Adani Green Energy Limited	Power	3.44%

The top 10 holdings account for approximately 67.34% of the portfolio.

To see all holdings, visit the The Wealth Company Arbitrage Fund Direct Growth Plan page

The largest disclosed holding is The Wealth Company Mutual Fund at 20.24%, which is materially above the rest of the list. After that, the weights step down to 7.79%, 6.5%, 6.43% and 5.18%, so the portfolio loses concentration quickly after the first line item. That suggests the single largest position is likely to have the greatest influence on the visible slice, while the next few holdings still matter but do not dominate in the same way.

The top 10 disclosed holdings together account for 67.34% of the portfolio, leaving a meaningful tail across the remaining 19 disclosed positions. Because the full holding count is 29, the scheme does not look like a narrow two- or three-position portfolio. Instead, it appears to blend a sizeable anchor position with a broader set of smaller positions, which may help reduce dependence on any one non-core exposure.

Source data date: as of 16 Sep 2026

Who should invest

This fund may suit investors who are comfortable with a Balanced Risk profile and want a relatively steadier return pattern than the broad market. The short-term record has been mildly positive while the benchmark has been negative over the same recent windows, which makes the scheme more appealing to investors who value muted movement over aggressive upside.

The main trade-off is history: the scheme launched in October 2025, so there is not yet a long record to judge how it behaves through a full cycle. That makes it more appropriate for investors with a medium-term outlook who are willing to accept limited track-record depth in exchange for a controlled, arbitrage-style return profile.

It is less compelling for someone whose main goal is to chase equity-like growth. The portfolio’s visible mix is spread across financials, cash-linked instruments and select equity names, so the fund looks more suited to a stability-first allocation than a high-conviction growth sleeve.

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 7D, Nil after 7D.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of The Wealth Company Arbitrage Fund Direct Growth Plan?

The current NAV is ₹10.5868 as of 16 Sep 2026.

What are the fund’s 1M and 3M returns?

The fund’s 1M return is 0.47% and its 3M return is 1.48%.

How has the fund performed against the benchmark recently?

It has done better than the benchmark over both the 1M and 3M periods. The fund was positive in each window, while the benchmark was negative in both.

How does the fund compare with peers on available return data?

Its current record is shorter than the peer funds shown, so the available comparison is mainly on near-term performance. Several peers show 1Y returns in the 6.84% to 7.61% range, while this fund does not yet have a 1Y figure available in the current record.

What is the minimum SIP amount?

The minimum SIP amount is ₹250.

Who manages the fund and what is the exit load?

The fund is managed by Rouhak Shah, Aparna Shanker and Neeraj Jain. The exit load is 0.25% on or before 7D and nil after 7D.

Bottom line

This fund’s recent pattern is steadier than the benchmark’s, but it still has a short operating history, so the longer-term verdict is not yet fully formed. Compared with the peer set, the current record is thinner on multi-year evidence, although the available short-term behaviour is constructive. The Balanced Risk label, together with a portfolio that includes a meaningful anchor position and a broad set of smaller holdings, points to a more stability-oriented profile than a growth-chasing one. That makes it most relevant for investors who value controlled movement and can live with a still-developing track record.

Published on 17 September 2026 at 11:53 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.