BANK OF INDIA Arbitrage Fund Regular Plan IDCW Quarterly IDCW

BANK OF INDIA Arbitrage Fund Regular Plan IDCW Quarterly IDCW lags behind most of its peers in the Arbitrage category, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 33/100.

Cost: At 2.06%, the expense ratio runs 31% above the Arbitrage category average of 1.57%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.76 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 1.04% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund.