Nippon India Arbitrage Fund Regular Growth | Nippon India Arbitrage Fund NAV Today [27.71], Performance & History

Hybrid Arbitrage Regular

Regular

Direct

3 Year Absolute Returns

22.08% ↑

NAV (₹) on 02 Apr 2026

27.71

1 Day NAV Change

0.09%

Risk Level

Low Risk

Rating

Nippon India Arbitrage Fund is a Equity mutual fund categorized under Arbitrage, offered by Nippon Life India Asset Management Ltd.. Launched on 24 Sep 2010, investors can start with a minimum SIP of ... Read more

NAV History

Fund Details

Min. SIP Amount

₹500

Inception Date

24 Sep 2010

Min. Lumpsum Amount

₹ 5,000

Fund Age

15 Yrs

AUM

₹ 16,514.77 Cr.

Benchmark

Nifty 50 Arbitrage

Expense Ratio

1.02%

Scheme Type

Open Ended

Exit Load

0.25%

Returns Calculator

Investment amount per month

₹1,000

Over the past

Would have become

On total investment of

*Calculation based on past performance of this fund.

Asset Allocation

AUM

₹ 16,514.77 Cr

Equity

175.95%

Debt

3.92%

Money Market & Cash

17.83%

Other Assets & Liabilities

0.5%

Sector Holdings

Sectors	Weightage
Mutual Fund Units	21.27%
Finance - Banks - Private Sector	13.55%
Pharmaceuticals	4.67%
Treps/Reverse Repo	4.12%
Telecom Services	3.95%
Iron & Steel	3.76%
Cement	3.49%
Refineries	3.14%
Non Convertible Debentures	3.13%
Auto - Cars & Jeeps	2.55%
E-Commerce/E-Retail	2.36%
Finance - Housing	2.24%
Edible Oils & Solvent Extraction	1.65%
Investment Company	1.47%
Non-Banking Financial Company (NBFC)	1.35%
Logistics - Warehousing/Supply Chain/Others	1.24%
Finance - Banks - Public Sector	1.23%
Real Estate Investment Trusts (REIT)	1.09%
IT Consulting & Software	1.08%
Commercial Paper	1.06%
Realty	0.91%
Port & Port Services	0.87%
Power - Transmission/Equipment	0.87%
Engineering - Heavy	0.86%
Mining/Minerals	0.86%
Aerospace & Defense	0.85%
Telecom Equipment	0.85%
Power - Generation/Distribution	0.79%
Cigarettes & Tobacco Products	0.75%
Finance - Life Insurance	0.74%
Airlines	0.65%
Financial Technologies (Fintech)	0.64%
Gems, Jewellery & Precious Metals	0.62%
Forgings	0.59%
Auto - 2 & 3 Wheelers	0.58%
Finance - Term Lending Institutions	0.51%
Food Processing & Packaging	0.50%
Hospitals & Medical Services	0.47%
Consumer Electronics	0.44%
Domestic Appliances	0.44%
Cycles & Accessories	0.43%
Finance & Investments	0.42%
Cables - Power/Others	0.40%
Construction, Contracting & Engineering	0.40%
Zinc/Zinc Alloys Products	0.39%
Auto Ancl - Electrical	0.39%
Agro Chemicals/Pesticides	0.39%
Oil Drilling And Exploration	0.34%
Holding Company	0.33%
Paints/Varnishes	0.32%
Aluminium	0.28%
Gas Transmission/Marketing	0.25%
Electronics - Equipment/Components	0.24%
Non-Alcoholic Beverages	0.21%
LPG/CNG/PNG/LNG Bottling/Distribution	0.19%
Zero Coupon Bonds	0.16%
Beverages & Distilleries	0.14%
Auto Ancl - Batteries	0.14%
Auto - LCVs/HCVs	0.14%
Chemicals - Speciality	0.14%
Engines	0.14%
Tea & Coffee	0.13%
Personal Care	0.13%
Retail - Apparel/Accessories	0.12%
Steel - Tubes/Pipes	0.12%
Airport & Airport Services	0.12%
Electric Equipment - Switchgear/Circuit Breaker	0.10%
Internet & Catalogue Retail	0.09%
Industrial Explosives	0.09%
Steel - Sponge Iron	0.06%
Ship - Docks/Breaking/Repairs	0.06%
Finance - Mutual Funds	0.05%
Auto Ancl - Engine Parts	0.04%
Cash	0.03%
Hotels, Resorts & Restaurants	0.03%
Air Conditioners	0.03%
Electric Equipment - General	0.02%

See All

Stock Holdings

Name	Weightage	Value (in Cr.)	Sector
Nippon India Money Market Fund Dir Pl-Growth-Gr Op	13.42%	₹ 2,215.87	Others
Nippon India Ultra Short Duration Fund- Dr Gr Op	5.92%	₹ 977.86	Others
HDFC Bank Limited	5.03%	₹ 831.41	Finance - Banks - Private Sector
Triparty Repo	4.12%	₹ 681.13	Others
ICICI Bank Limited	3.51%	₹ 579.33	Finance - Banks - Private Sector
Reliance Industries Limited	2.92%	₹ 481.59	Refineries
Bharti Airtel Limited	2.60%	₹ 429.02	Telecom Services
Eternal Limited	2.32%	₹ 383.39	E-Commerce/E-Retail
Axis Bank Limited	2.15%	₹ 355.32	Finance - Banks - Private Sector
JSW Steel Limited	2.05%	₹ 339.33	Iron & Steel
Nippon India Liquid Fund-Direct Growth Plan	1.93%	₹ 318.26	Others
Grasim Industries Limited	1.78%	₹ 293.35	Cement
Mahindra & Mahindra Limited	1.49%	₹ 245.97	Auto - Cars & Jeeps
Jio Financial Services Limited	1.47%	₹ 242.90	Investment Company
Vodafone Idea Limited	1.35%	₹ 223.37	Telecom Services
Aavas Financiers Limited	1.18%	₹ 195.52	Finance - Housing
Kotak Mahindra Bank Limited	1.18%	₹ 194.98	Finance - Banks - Private Sector
Mindspace Business Parks REIT	1.09%	₹ 179.77	Real Estate Investment Trusts (REIT)
ONGC Petro Additions Limited	1.06%	₹ 174.65	Others
Maruti Suzuki India Limited	1.06%	₹ 174.57	Auto - Cars & Jeeps
Steel Authority of India Limited	1.03%	₹ 169.71	Iron & Steel
Sun Pharmaceutical Industries Limited	1.03%	₹ 170.77	Pharmaceuticals
Container Corporation of India Limited	1.02%	₹ 168.15	Logistics - Warehousing/Supply Chain/Others
Patanjali Foods Limited	0.94%	₹ 154.58	Edible Oils & Solvent Extraction
8.75% Piramal Finance Limited	0.91%	₹ 150.33	Others
Adani Ports and Special Economic Zone Limited	0.87%	₹ 142.91	Port & Port Services
Indus Towers Limited	0.85%	₹ 140.84	Telecom Equipment
Glenmark Pharmaceuticals Limited	0.78%	₹ 128.52	Pharmaceuticals
Aurobindo Pharma Limited	0.78%	₹ 128.27	Pharmaceuticals
UltraTech Cement Limited	0.76%	₹ 124.93	Cement
ITC Limited	0.75%	₹ 123.83	Cigarettes & Tobacco Products
Ambuja Cements Limited	0.74%	₹ 122.79	Cement
Marico Limited	0.71%	₹ 118.01	Edible Oils & Solvent Extraction
Laurus Labs Limited	0.71%	₹ 117.14	Pharmaceuticals
Bharat Electronics Limited	0.70%	₹ 115.46	Aerospace & Defense
Tata Steel Limited	0.68%	₹ 111.64	Iron & Steel
DLF Limited	0.65%	₹ 107.95	Realty
InterGlobe Aviation Limited	0.65%	₹ 107.16	Airlines
Bharat Heavy Electricals Limited	0.62%	₹ 101.68	Engineering - Heavy
8.52% Muthoot Finance Limited	0.61%	₹ 101.25	Others
NMDC Limited	0.60%	₹ 99.42	Mining/Minerals
7.55% Poonawalla Fincorp Limited	0.60%	₹ 99.91	Others
Shriram Finance Limited	0.58%	₹ 96.44	Non-Banking Financial Company (NBFC)
Adani Energy Solutions Limited	0.58%	₹ 96.27	Power - Transmission/Equipment
Sammaan Capital Limited	0.55%	₹ 90.25	Finance - Housing
Titan Company Limited	0.54%	₹ 89.29	Gems, Jewellery & Precious Metals
One 97 Communications Limited	0.53%	₹ 87.19	Financial Technologies (Fintech)
AU Small Finance Bank Limited	0.50%	₹ 82.42	Finance - Banks - Private Sector
Yes Bank Limited	0.47%	₹ 77.71	Finance - Banks - Private Sector
8.75% 360 One Prime Limited	0.45%	₹ 74.98	Others
Punjab National Bank	0.44%	₹ 72.28	Finance - Banks - Public Sector
Crompton Greaves Consumer Electricals Limited	0.44%	₹ 73.19	Domestic Appliances
Tube Investments of India Limited	0.43%	₹ 70.54	Cycles & Accessories
Divi's Laboratories Limited	0.42%	₹ 70.11	Pharmaceuticals
Max Financial Services Limited	0.41%	₹ 67.24	Finance & Investments
LIC Housing Finance Limited	0.41%	₹ 66.90	Finance - Housing
Eicher Motors Limited	0.40%	₹ 66.81	Auto - 2 & 3 Wheelers
Polycab India Limited	0.40%	₹ 65.55	Cables - Power/Others
UPL Limited	0.39%	₹ 64.95	Agro Chemicals/Pesticides
Nestle India Limited	0.39%	₹ 64.13	Food Processing & Packaging
Hindustan Zinc Limited	0.39%	₹ 64.79	Zinc/Zinc Alloys Products
REC Limited	0.35%	₹ 57	Finance - Term Lending Institutions
Oil & Natural Gas Corporation Limited	0.34%	₹ 55.38	Oil Drilling And Exploration
Adani Green Energy Limited	0.34%	₹ 56.50	Power - Generation/Distribution
NTPC Limited	0.33%	₹ 54.25	Power - Generation/Distribution
Dr. Reddy's Laboratories Limited	0.33%	₹ 55.07	Pharmaceuticals
RBL Bank Limited	0.32%	₹ 53.40	Finance - Banks - Private Sector
Wipro Limited	0.32%	₹ 52.21	IT Consulting & Software
Bharat Forge Limited	0.32%	₹ 52.94	Forgings
Asian Paints Limited	0.32%	₹ 53.46	Paints/Varnishes
SBI Life Insurance Company Limited	0.32%	₹ 52.87	Finance - Life Insurance
Bajaj Finserv Limited	0.31%	₹ 50.93	Holding Company
7.85% Muthoot Finance Limited	0.30%	₹ 49.88	Others
Union Bank of India	0.30%	₹ 49.13	Finance - Banks - Public Sector
ICICI Prudential Life Insurance Company Limited	0.30%	₹ 49.76	Finance - Life Insurance
Larsen & Toubro Limited	0.29%	₹ 48.37	Construction, Contracting & Engineering
Apollo Hospitals Enterprise Limited	0.29%	₹ 47.42	Hospitals & Medical Services
Power Grid Corporation of India Limited	0.29%	₹ 47.10	Power - Transmission/Equipment
Biocon Limited	0.27%	₹ 44.92	Pharmaceuticals
Samvardhana Motherson International Limited	0.27%	₹ 44.61	Auto Ancl - Electrical
Sona BLW Precision Forgings Limited	0.27%	₹ 44.26	Forgings
GAIL (India) Limited	0.25%	₹ 41.39	Gas Transmission/Marketing
Cholamandalam Investment and Finance Company Ltd	0.24%	₹ 40.13	Non-Banking Financial Company (NBFC)
Kaynes Technology India Limited	0.24%	₹ 39.45	Electronics - Equipment/Components
Hindalco Industries Limited	0.23%	₹ 37.54	Aluminium
Vedanta Limited	0.22%	₹ 36.10	Mining/Minerals
Delhivery Limited	0.22%	₹ 37.14	Logistics - Warehousing/Supply Chain/Others
IDFC First Bank Limited	0.21%	₹ 35.10	Finance - Banks - Private Sector
Varun Beverages Limited	0.21%	₹ 35.40	Non-Alcoholic Beverages
Dalmia Bharat Limited	0.21%	₹ 34.72	Cement
Havells India Limited	0.21%	₹ 35.49	Consumer Electronics
Tata Consultancy Services Limited	0.20%	₹ 33.60	IT Consulting & Software
Muthoot Finance Limited	0.19%	₹ 31.72	Non-Banking Financial Company (NBFC)
Petronet LNG Limited	0.19%	₹ 31.28	LPG/CNG/PNG/LNG Bottling/Distribution
State Bank of India	0.18%	₹ 29.74	Finance - Banks - Public Sector
Fortis Healthcare Limited	0.18%	₹ 30.46	Hospitals & Medical Services
Hero MotoCorp Limited	0.18%	₹ 29.55	Auto - 2 & 3 Wheelers
Bandhan Bank Limited	0.18%	₹ 29.94	Finance - Banks - Private Sector
Manappuram Finance Limited	0.18%	₹ 29.15	Non-Banking Financial Company (NBFC)
Mphasis Limited	0.16%	₹ 27.22	IT Consulting & Software
JTPM Metal Traders Limited	0.16%	₹ 26.06	Others
Bajaj Finance Limited	0.16%	₹ 25.69	Non-Banking Financial Company (NBFC)
The Phoenix Mills Limited	0.16%	₹ 25.95	Realty
Bank of India	0.15%	₹ 24.90	Finance - Banks - Public Sector
Coforge Limited	0.15%	₹ 24.46	IT Consulting & Software
8.95% 360 One Prime Limited	0.15%	₹ 25.05	Others
Hindustan Aeronautics Limited	0.15%	₹ 24.89	Aerospace & Defense
Suzlon Energy Limited	0.15%	₹ 24.26	Engineering - Heavy
Tata Motors Passenger Vehicles Limited	0.14%	₹ 23.63	Auto - LCVs/HCVs
United Spirits Limited	0.14%	₹ 22.42	Beverages & Distilleries
Pidilite Industries Limited	0.14%	₹ 22.38	Chemicals - Speciality
Dixon Technologies (India) Limited	0.14%	₹ 23.27	Consumer Electronics
Cummins India Limited	0.14%	₹ 23.71	Engines
Exide Industries Limited	0.14%	₹ 22.99	Auto Ancl - Batteries
Lupin Limited	0.13%	₹ 21.91	Pharmaceuticals
Tata Consumer Products Limited	0.13%	₹ 21.65	Tea & Coffee
KPIT Technologies Limited	0.13%	₹ 21.69	IT Consulting & Software
UNO Minda Limited	0.12%	₹ 19.68	Auto Ancl - Electrical
Trent Limited	0.12%	₹ 19.03	Retail - Apparel/Accessories
APL Apollo Tubes Limited	0.12%	₹ 19.16	Steel - Tubes/Pipes
GMR Airports Limited	0.12%	₹ 20.35	Airport & Airport Services
PB Fintech Limited	0.11%	₹ 18.25	Financial Technologies (Fintech)
NBCC (India) Limited	0.11%	₹ 18.31	Construction, Contracting & Engineering
Housing & Urban Development Corporation Limited	0.11%	₹ 17.62	Finance - Term Lending Institutions
Britannia Industries Limited	0.11%	₹ 17.48	Food Processing & Packaging
Tech Mahindra Limited	0.11%	₹ 17.60	IT Consulting & Software
Tata Power Company Limited	0.11%	₹ 18.01	Power - Generation/Distribution
7.88% Poonawalla Fincorp Limited	0.11%	₹ 18.61	Others
Hitachi Energy India Limited	0.10%	₹ 16.87	Electric Equipment - Switchgear/Circuit Breaker
PNB Housing Finance Limited	0.10%	₹ 16.78	Finance - Housing
Cipla Limited	0.10%	₹ 15.77	Pharmaceuticals
Solar Industries India Limited	0.09%	₹ 15.66	Industrial Explosives
Inox Wind Limited	0.09%	₹ 15.35	Engineering - Heavy
HDFC Life Insurance Company Limited	0.09%	₹ 15.03	Finance - Life Insurance
Bharat Petroleum Corporation Limited	0.09%	₹ 14.31	Refineries
Info Edge (India) Limited	0.09%	₹ 15.02	Internet & Catalogue Retail
Bank of Baroda	0.09%	₹ 15.63	Finance - Banks - Public Sector
Kalyan Jewellers India Limited	0.08%	₹ 13.40	Gems, Jewellery & Precious Metals
Hindustan Unilever Limited	0.08%	₹ 12.77	Personal Care
Indian Oil Corporation Limited	0.08%	₹ 13.98	Refineries
Lodha Developers Limited	0.08%	₹ 13.34	Realty
Canara Bank	0.07%	₹ 12.32	Finance - Banks - Public Sector
Syngene International Limited	0.07%	₹ 11.99	Pharmaceuticals
Voltas Limited	0.06%	₹ 10.19	Consumer Electronics
Jindal Steel Limited	0.06%	₹ 10.65	Steel - Sponge Iron
Mazagon Dock Shipbuilders Limited	0.06%	₹ 10.63	Ship - Docks/Breaking/Repairs
HDFC Asset Management Company Limited	0.05%	₹ 8.18	Finance - Mutual Funds
Power Finance Corporation Limited	0.05%	₹ 8.82	Finance - Term Lending Institutions
National Aluminium Company Limited	0.05%	₹ 7.85	Aluminium
Hindustan Petroleum Corporation Limited	0.05%	₹ 7.91	Refineries
Zydus Lifesciences Limited	0.05%	₹ 8.96	Pharmaceuticals
Dabur India Limited	0.05%	₹ 7.78	Personal Care
Bosch Limited	0.04%	₹ 6.56	Auto Ancl - Engine Parts
Coal India Limited	0.04%	₹ 5.93	Mining/Minerals
FSN E-Commerce Ventures Limited	0.04%	₹ 6.55	E-Commerce/E-Retail
PG Electroplast Limited	0.03%	₹ 5.49	Consumer Electronics
Life Insurance Corporation Of India	0.03%	₹ 5.35	Finance - Life Insurance
The Indian Hotels Company Limited	0.03%	₹ 4.67	Hotels, Resorts & Restaurants
Blue Star Limited	0.03%	₹ 4.29	Air Conditioners
Cash Margin - CCIL	0.03%	₹ 4.24	Others
Bajaj Holdings & Investment Limited	0.02%	₹ 2.81	Holding Company
Prestige Estates Projects Limited	0.02%	₹ 2.70	Realty
ABB India Limited	0.02%	₹ 3.26	Electric Equipment - General
Tata Technologies Limited	0.01%	₹ 0.84	IT Consulting & Software
NHPC Limited	0.01%	₹ 1.25	Power - Generation/Distribution
360 One WAM Limited	0.01%	₹ 2.37	Finance & Investments

See All

Returns

	Annualised returns
	9M	1Y	2Y	3Y
Fund returns	4.35%	5.95%	6.54%	6.88%
Category returns	-1.50%	3.64%	9.19%	24.36%

Fund Objective

The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative ... Read more

AMC Details

Name

Nippon Life India Asset Management Ltd.

Date of Incorporation

30 Jun 1995

CEO

Mr. Sundeep Sikka

CIO

Mr. Amit Tripathi Mr. Sailesh Raj Bhan

Type

Foreign

Address

4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai, Maharashtra, India - 400013

Website

https://www.nipponindiamf.com

[email protected]

Top Funds from Hybrid - Arbitrage

Scheme Name	NAV	Returns 1Y 3Y 5Y			AUM (Cr)	Expense Ratio	Risk Meter
Kotak Arbitrage Fund - Direct Plan Arbitrage Direct	₹42.05	6.77%	25.33%	38.94%	₹71,265	0.44%	Low
Tata Arbitrage Fund - Direct Plan Hybrid Direct	₹15.26	6.94%	25.25%	38.74%	₹21,327	0.31%	Low
Tata Arbitrage Fund - Direct Plan Hybrid Direct	₹15.26	6.94%	25.25%	38.74%	₹21,327	0.31%	Low
Tata Arbitrage Fund - Direct Plan Hybrid Direct	₹15.88	6.93%	25.24%	38.53%	₹21,327	0.31%	Low
Invesco India Arbitrage Fund - Direct Plan Arbitrage Direct	₹19.68	6.83%	25.17%	39.12%	₹28,527	0.40%	Low
Invesco India Arbitrage Fund - Direct Plan Arbitrage Direct	₹19.68	6.83%	25.17%	39.12%	₹28,527	0.40%	Low
Invesco India Arbitrage Fund - Direct Plan Arbitrage Direct	₹36.24	6.83%	25.17%	39.42%	₹28,527	0.40%	Low
Invesco India Arbitrage Fund - Direct Plan Arbitrage Direct	₹36.23	6.83%	25.16%	39.39%	₹28,527	0.40%	Low
Edelweiss Arbitrage Fund - Direct Plan Arbitrage Direct	₹17.93	6.72%	25.10%	38.70%	₹15,452	0.39%	Low
Edelweiss Arbitrage Fund - Direct Plan Arbitrage Direct	₹17.93	6.72%	25.10%	38.70%	₹15,452	0.39%	Low

Top Funds from Nippon Life India Asset Management Ltd.

Scheme Name	NAV	Returns 1Y 3Y 5Y			AUM (Cr)	Expense Ratio	Risk Meter
Nippon India Value Fund Diversified Regular	₹37.97	-8.46%	33.01%	48.24%	₹9,034	1.82%	Very High
Nippon India Value Fund Diversified Regular	₹37.97	-8.46%	33.01%	48.24%	₹9,034	1.82%	Very High
Nippon India Nifty 50 Value 20 Index Fund Index Regular	₹17.06	-4.12%	32.10%	65.07%	₹1,021	0.78%	Very High
Nippon India Nifty 50 Value 20 Index Fund Index Regular	₹17.06	-4.12%	32.10%	65.07%	₹1,021	0.78%	Very High
Nippon India Nifty 50 Value 20 Index Fund Index Regular	₹17.06	-4.12%	32.10%	65.07%	₹1,021	0.78%	Very High
Nippon India Overnight Fund - Direct Plan Liquid Direct	₹100.03	0.03%	0.03%	0.03%	₹7,765	0.08%	Low
Nippon India Overnight Fund Liquid Regular	₹100.03	0.03%	0.03%	0.03%	₹7,765	0.16%	Low
Nippon India Overnight Fund Liquid Regular	₹100.03	0.03%	0.03%	0.03%	₹7,765	0.16%	Low
Nippon India Multi Cap Fund Diversified Regular	₹53.57	-5.95%	30.91%	63.43%	₹50,820	1.49%	Very High
Nippon India Multi Cap Fund Diversified Regular	₹53.57	-5.95%	30.91%	63.43%	₹50,820	1.49%	Very High

FAQs

What is the current NAV of Nippon India Arbitrage Fund Regular Growth?

The current Net Asset Value (NAV) of Nippon India Arbitrage Fund Regular Growth is ₹27.71 as of 02 Apr 2026. NAV represents the per-unit market value of the fund and is updated daily based on the closing prices of the underlying securities.

What is the fund size (AUM) of Nippon India Arbitrage Fund Regular Growth?

The Assets Under Management (AUM) of Nippon India Arbitrage Fund Regular Growth is ₹16,514.77 Crores. AUM indicates the total market value of assets managed by the fund and reflects investor confidence and fund popularity.

What are the historical returns of Nippon India Arbitrage Fund Regular Growth?

Nippon India Arbitrage Fund Regular Growth has delivered returns of 5.95% (1 Year), 6.88% (3 Year), 5.88% (5 Year). Past performance does not guarantee future results, and investors should consider their risk appetite before investing.

What is the risk level of Nippon India Arbitrage Fund Regular Growth?

Nippon India Arbitrage Fund Regular Growth has a risk rating of 'Low' as per the SEBI Riskometer. This indicates the fund is suitable for conservative investors seeking capital preservation. Investors should align their investment choices with their personal risk tolerance and financial goals.

What is the minimum investment amount for Nippon India Arbitrage Fund Regular Growth?

The minimum lumpsum investment required for Nippon India Arbitrage Fund Regular Growth is ₹5,000. The fund also offers SIP (Systematic Investment Plan) option starting from as low as ₹500, making it accessible for regular investments. This allows investors to start their mutual fund journey with a manageable amount.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article