Tembusu Arbitrage Fund I is an upcoming open-ended mutual fund that seeks to generate returns by leveraging price differentials in a variety of instruments and asset classes, including listed equities, futures, currencies, and derivative markets.

The Fund is registered as a Foreign Portfolio Investor (FPI) under the Securities and Exchange Board of India (SEBI) and will initially target investment markets in India and Southeast Asia, with a view to operate across a wide range of geographical markets worldwide in the future.