PGIM India Arbitrage Fund - Regular Plan - Monthly Dividend

PGIM India Arbitrage Fund - Regular Plan - Monthly Dividend lags behind most of its peers in the Arbitrage Fund category, currently carrying a 2-star rating. Returns have been soft relative to what the category has offered — worth checking if this is a temporary phase or a longer pattern. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 44/100.

Cost: At 0.36%, the expense ratio is meaningfully cheaper — about 10% below the Arbitrage Fund category average of 0.4% (based on 61 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -3.3 — 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 1.7% 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.