Summary Info Fund Name : HDFC Mutual Fund Scheme Name : HDFC Arbitrage Fund - WP - Direct (IDCW-M) AMC : HDFC Mutual Fund Type : Open Category : Arbitrage Funds Launch Date : 28-Mar-2014 Fund Manager : Arun Agarwal Net Assets:(Rs cr) 23771.97

NAV Details

NAV Date : 14-Aug-2026 NAV [Rs]: 11.35 Buy/Resale Price [Rs] : 0.00 Sell/Repurchase Price [Rs] : 0.00 Entry Load % : NIL Exit Load % : In respect of each purchase / switch-in of Units, an Exit load of 0.25% is payable if Units are redeemed / switched-out within 15 days from the date of allotment of units. No Exit Load is payable if Units are redeemed/switched-out after 15 days from the date of allotment.

NAV Chart

1 Week 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Since Inception

Latest Payouts

Dividends Bonus Ratio 0.5 % NA Date 18-Aug-2026 NA

Investment Details
Tax benefits :	NA
Min. Investment(Rs) :	100
Increm.Investment(Rs) :	100

Performance(%)	Date : 14-Aug-2026
1 Week 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since Inception Scheme Return 0.12 0.50 1.72 3.21 6.50 7.38 6.59 6.25 Category Avg 0.20 0.55 1.63 3.01 6.25 6.97 6.16 5.67 Category Best 0.28 0.76 2.24 3.81 7.73 7.74 6.96 7.53 Category Worst 0.08 0.28 0.94 1.71 3.78 5.71 4.90 0.03

Asset Allocation

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Sector Allocation

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Holdings

31-Jul-2026

Company Name Sector Market Value No. Of Shares Hold     Rs Cr.   % HDFC Bank Banks 1081.09 14450150 4.32 ICICI Bank Banks 1033.82 7202300 4.14 Reliance Industr Refineries 992.36 7588000 3.97 JSW Steel Steel 598.70 4714200 2.39 Bharti Airtel Telecom-Service 553.96 2809150 2.22 Axis Bank Banks 517.31 4207500 2.07 SBI Banks 463.79 4514250 1.86 Canara Bank Banks 443.49 35484750 1.77 Grasim Inds Textiles 423.80 1366750 1.70 Bajaj Finance Finance 398.59 3492750 1.59 NTPC Power Generation & Distribution 380.29 10951500 1.52 Kotak Mah. Bank Banks 343.15 8792000 1.37 Bharat Electron Aerospace & Defence 339.13 8743800 1.36 Hind. Unilever FMCG 335.49 1596600 1.34 Tata Steel Steel 335.89 17707250 1.34 Punjab Natl.Bank Banks 313.69 27832000 1.25 ITC Tobacco Products 305.47 10870950 1.22 Hindalco Inds. Non Ferrous Metals 271.89 2790200 1.09 TVS Motor Co. Automobile 242.89 563150 0.97 Yes Bank Banks 189.93 83410200 0.76 Adani Enterp. Trading 188.78 627270 0.76 IDFC First Bank Banks 179.23 21165550 0.72 Cholaman.Inv.&Fn Finance 164.41 888750 0.66 Titan Company Diamond, Gems and Jewellery 165.94 340375 0.66 M & M Automobile 162.86 479200 0.65 Shriram Finance Finance 160.79 1536150 0.64 Hitachi Energy Capital Goods - Electrical Equipment 157.50 48950 0.63 Interglobe Aviat Air Transport Service 155.44 300600 0.62 Eicher Motors Automobile 148.99 190200 0.60 Vodafone Idea Telecom-Service 151.20 116218350 0.60 Divi's Lab. Pharmaceuticals 149.20 185200 0.60 NMDC Mining & Mineral products 146.83 17266500 0.59 Indus Towers Telecom Equipment & Infra Services 143.81 3677100 0.58 I O C L Refineries 139.67 9964500 0.56 S A I L Steel 132.83 7858400 0.53 Apollo Hospitals Healthcare 130.10 145250 0.52 Tata Consumer FMCG 129.98 1200100 0.52 HDFC Life Insur. Insurance 129.66 2363900 0.52 Bajaj Finserv Finance 127.35 627600 0.51 Glenmark Pharma. Pharmaceuticals 119.21 533625 0.48 Ambuja Cements Cement 118.77 2748000 0.48 B H E L Capital Goods - Electrical Equipment 120.51 2961000 0.48 Tata Motors PVeh Automobile 117.91 3470400 0.47 Larsen & Toubro Infrastructure Developers & Operators 117.39 298025 0.47 Marico FMCG 111.37 1279200 0.45 Coal India Mining & Mineral products 107.74 2601450 0.43 Muthoot Finance Finance 106.04 339900 0.42 CG Power & Ind Capital Goods - Electrical Equipment 105.46 1221450 0.42 Indian Energy Ex Financial Services 99.52 7525500 0.40 Varun Beverages FMCG 90.57 2047650 0.36 Biocon Pharmaceuticals 86.52 2032500 0.35 Jio Financial Finance 85.76 3344050 0.34 Cipla Pharmaceuticals 83.84 569075 0.34 Bank of Baroda Banks 84.37 3477825 0.34 Tata Power Co. Power Generation & Distribution 81.37 2137300 0.33 Godrej Propert. Realty 82.53 391950 0.33 Adani Energy Sol Power Generation & Distribution 81.97 498150 0.33 Laurus Labs Pharmaceuticals 79.50 437750 0.32 Aditya Birla Cap Finance 76.45 1891000 0.31 BSE Financial Services 77.96 213800 0.31 Bank of India Banks 74.82 5423600 0.30 Indian Hotels Co Hotels & Restaurants 75.33 1020000 0.30 GE Vernova T&D Capital Goods - Electrical Equipment 72.69 168125 0.29 One 97 E-Commerce/App based Aggregator 70.49 524900 0.28 UPL Agro Chemicals 63.79 1055545 0.26 GAIL (India) Gas Distribution 64.86 3574850 0.26 Pidilite Inds. Chemicals 63.65 395000 0.25 Ashok Leyland Automobile 61.24 3685000 0.24 Asian Paints Paints/Varnish 61.06 222250 0.24 Info Edg.(India) E-Commerce/App based Aggregator 59.15 482350 0.24 Eternal E-Commerce/App based Aggregator 58.82 1944850 0.24 UltraTech Cem. Cement 56.54 47500 0.23 Solar Industries Aerospace & Defence 57.20 31100 0.23 Adani Power Power Generation & Distribution 54.69 2587950 0.22 Oracle Fin.Serv. IT - Software 55.48 49600 0.22 Hindustan Zinc Non Ferrous Metals 54.69 1014300 0.22 Adani Green Power Generation & Distribution 56.09 405600 0.22 Max Financial Finance 53.42 356400 0.21 Union Bank (I) Banks 51.45 3004575 0.21 LIC Housing Fin. Finance 49.43 945000 0.20 Dabur India FMCG 49.20 1167500 0.20 DLF Realty 45.47 689700 0.18 Alkem Lab Pharmaceuticals 45.15 78500 0.18 Adani Ports Marine Port & Services 44.72 263625 0.18 Delhivery Logistics 44.50 923375 0.18 Inox Wind Capital Goods - Electrical Equipment 43.31 5542400 0.17 Cummins India Capital Goods-Non Electrical Equipment 41.39 75000 0.17 Lupin Pharmaceuticals 39.62 164050 0.16 Havells India Consumer Durables 38.26 303500 0.15 Bharat Forge Castings, Forgings & Fastners 34.76 158000 0.14 GMR Airports Miscellaneous 34.73 3299175 0.14 Bosch Auto Ancillaries 31.43 7650 0.13 Sun Pharma.Inds. Pharmaceuticals 31.84 159950 0.13 TCS IT - Software 33.75 142650 0.13 360 ONE Stock/ Commodity Brokers 32.07 282500 0.13 Polycab India Cables 29.94 32875 0.12 Supreme Inds. Plastic products 29.35 84700 0.12 Nestle India FMCG 31.25 207000 0.12 Maruti Suzuki Automobile 30.60 21500 0.12 ICICI Pru Life Insurance 27.89 541125 0.11 Natl. Aluminium Non Ferrous Metals 28.49 813750 0.11 B P C L Refineries 28.35 886775 0.11 Hero Motocorp Automobile 25.29 46950 0.10 C D S L Financial Services 24.88 186675 0.10 RBL Bank Banks 25.99 692150 0.10 Uno Minda Auto Ancillaries 23.96 202950 0.10 PB Fintech. E-Commerce/App based Aggregator 24.55 153300 0.10 JSW Energy Power Generation & Distribution 21.41 385925 0.09 Kaynes Tech Consumer Durables 21.52 56550 0.09 United Spirits Alcoholic Beverages 23.53 155200 0.09 NBCC Miscellaneous 21.69 2288000 0.09 Zydus Lifesci. Pharmaceuticals 22.21 197100 0.09 Fortis Health. Healthcare 19.85 210025 0.08 Coforge IT - Software 21.09 122550 0.08 Jindal Steel Steel 19.09 173125 0.08 Infosys IT - Software 18.94 167600 0.08 Samvardh. Mothe. Auto Ancillaries 19.65 1303800 0.08 Aurobindo Pharma Pharmaceuticals 19.29 122100 0.08 FSN E-Commerce E-Commerce/App based Aggregator 20.73 621875 0.08 Kalyan Jewellers Diamond, Gems and Jewellery 19.35 315900 0.08 H P C L Refineries 18.07 463725 0.07 SRF Chemicals 17.47 66600 0.07 Suzlon Energy Capital Goods - Electrical Equipment 17.01 3543300 0.07 APL Apollo Tubes Capital Goods-Non Electrical Equipment 14.07 77350 0.06 O N G C Crude Oil & Natural Gas 15.22 627750 0.06 Patanjali Foods FMCG 15.82 446125 0.06 Britannia Inds. FMCG 15.84 29250 0.06 Rail Vikas Infrastructure Developers & Operators 15.50 687225 0.06 Tube Investments Capital Goods-Non Electrical Equipment 13.65 49600 0.05 PG Electroplast Consumer Durables 12.99 211850 0.05 Hind.Aeronautics Aerospace & Defence 13.52 29100 0.05 LTM IT - Software 12.37 28350 0.05 PNB Housing Finance 9.58 91000 0.04 SBI Life Insuran Insurance 11.15 59250 0.04 Container Corpn. Logistics 9.20 175000 0.04 Colgate-Palmoliv FMCG 9.36 45100 0.04 Federal Bank Banks 10.68 297500 0.04 Radico Khaitan Alcoholic Beverages 8.46 19500 0.03 Bajaj Holdings Finance 6.55 5775 0.03 Voltas Consumer Durables 6.73 50625 0.03 IndusInd Bank Banks 7.09 70000 0.03 Oberoi Realty Realty 6.27 34300 0.03 Bajaj Auto Automobile 7.34 6375 0.03 Motil.Oswal.Fin. Stock/ Commodity Brokers 4.69 55025 0.02 Dalmia BharatLtd Cement 4.68 26000 0.02 Bandhan Bank Banks 5.08 291600 0.02 Manappuram Fin. Finance 4.02 108000 0.02 Phoenix Mills Realty 5.24 27650 0.02 Power Fin.Corpn. Finance 5.52 130000 0.02 Hyundai Motor I Automobile 4.86 22275 0.02 REC Ltd Finance 3.82 102375 0.02 Petronet LNG Gas Distribution 1.60 57000 0.01 Indian Bank Banks 2.68 32000 0.01 Power Grid Corpn Power Generation & Distribution 2.48 87400 0.01 Amber Enterp. Consumer Durables 2.01 2700 0.01 AU Small Finance Banks 1.26 12000 0.01 Angel One Stock/ Commodity Brokers 2.83 95000 0.01 Sona BLW Precis. Auto Ancillaries 0.75 9800 0.00 Godfrey Phillips Tobacco Products 0.53 2475 0.00 Torrent Pharma. Pharmaceuticals 0.51 1000 0.00 Tata Elxsi IT - Software 0.46 1250 0.00 Cochin Shipyard Aerospace & Defence 0.40 2800 0.00 Prestige Estates Realty 0.36 2250 0.00 Max Healthcare Healthcare 0.35 3150 0.00 Multi Comm. Exc. Financial Services 0.12 450 0.00 TREPS Debt Others 842.40 0 3.37 Net CA & Others Debt Others -598.31 0 -2.46 HDFC Money Market Fund - Direct (G) Mutual Fund Units 2097.01 3354179 8.39 HDFC Liquid Fund - Direct (G) Mutual Fund Units 943.91 1704922 3.78 HDFC Ultra Short Term Fund - Direct (G) Mutual Fund Units 618.00 373115103 2.47 HDFC Low Duration Fund - Direct (G) Mutual Fund Units 565.46 84275693 2.26 Union Bank (I) Debt Others 602.61 12500 2.41 Punjab Natl.Bank Debt Others 433.73 9000 1.74 I O B Debt Others 384.75 8000 1.54 Bank of Baroda Debt Others 365.65 7500 1.46 Indian Bank Debt Others 341.72 7000 1.37 S I D B I Debt Others 241.56 5000 0.97 E X I M Bank Debt Others 241.74 5000 0.97 Kotak Mah. Bank Debt Others 242.03 5000 0.97 ICICI Bank Debt Others 193.20 4000 0.78 Canara Bank Debt Others 192.86 4000 0.77 N A B A R D Debt Others 96.66 2000 0.39

Statistical Ratios

What is Beta ? Beta is a measure of the volatility of the portfolio to that of the index. In simple words it shows the movement of the portfolio in comparison. The Higher the Beta, higher the volatility of the scheme to the index. If its greater than1 , then the portfolio is highly volatile to the movemnts in the index. If the beta is lesser than 1 , then scheme is less volatile to the index and beta which is close to 1 implies that the scheme is closely following the index. Beta [%]* SD [%]* Sharpe Ratio [%]* Jensons Alpha [%]* ER [%]* 0.7439 0.1406 3.7254 0.3985 -1.1636