On average, income plus arbitrage funds gained 5.7% over the last year through 11 August, according to Value Research. In comparison, money market debt funds are up 6.22% on average, short-duration debt funds are up 5.33%, while corporate debt funds are up 5.43% over the period. Arbitrage funds, which are relatively lower risk hybrid funds, are up 5.73% over the last one year, according to Value Research.
