360 ONE ELSS Tax Saver Nifty 50 Index Fund vs Helios Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE ELSS Tax Saver Nifty 50 Index Fund is an Index fund and Helios Arbitrage Fund is an Arbitrage fund. 360 ONE ELSS Tax Saver Nifty 50 Index Fund charges 0.37% a year and Helios Arbitrage Fund 1.76% (Direct plans). Their portfolios overlap 37.6%: they hold 15 of the same securities.
360 ONE ELSS Tax Saver Nifty 50 Index Fund
Index
- Expense ratio
- 0.37%
- NAV
- ₹13.11
Which is better, 360 ONE ELSS Tax Saver Nifty 50 Index or Helios Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- 360 ONE ELSS Tax Saver Nifty 50 Index costs less: 0.37% a year against 1.76% (Direct plans).
- Helios Arbitrage fell less in its worst fall since 23-03-2026: −0.5% against −10.3%.
- 360 ONE ELSS Tax Saver Nifty 50 Index holds more in large companies: 98.3% of the fund in large caps against 68.6%.
- Helios Arbitrage is the larger fund: ₹133 Cr against ₹65 Cr.
- Their portfolios overlap 37.6%: 15 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | 360 ONE ELSS Tax Saver Nifty 50 Index Fund | Helios Arbitrage Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Helios Mutual Fund |
| Category | Index | Arbitrage |
| AUM | ₹65 Cr (30-09-2026) | ₹133 Cr (30-09-2026) |
| NAV | ₹13.11 (Direct) | ₹10.36 (Direct) |
| Expense ratio (Direct) | 0.37% | 1.76% |
| Expense ratio (Regular) | 0.62% | 2.28% |
| Riskometer | Very High | Low |
| Benchmark | Nifty 50 TRI | Nifty 50 Arbitrage TRI |
| Launch date | 28-12-2022 | 20-03-2026 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Viral Mehta, Pranav Mise | Alok Bahl, Pratik Singh |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 7 Days. |
360 ONE ELSS Tax Saver Nifty 50 Index vs Helios Arbitrage: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | +1.84% | −5.10% | −3.32% | −10.18% | +7.32% | -- | -- |
| Helios Arbitrage Fund (Direct) | +0.58% | +1.37% | +2.98% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
360 ONE ELSS Tax Saver Nifty 50 Index vs Helios Arbitrage: Year-wise Returns
| Year | 360 ONE ELSS Tax Saver Nifty 50 Index360 ONE ELSS Tax Saver Nifty 50 Index | Helios ArbitrageHelios Arbitrage |
|---|---|---|
| 2026to date | −11.05% | -- |
| 2025 | +11.53% | -- |
| 2024 | +9.78% | -- |
360 ONE ELSS Tax Saver Nifty 50 Index vs Helios Arbitrage: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of 360 ONE ELSS Tax Saver Nifty 50 Index Fund
360 ONE ELSS Tax Saver Nifty 50 Index vs Helios Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | Helios Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.25% | +5.84% |
| Standard deviation | 12.42% | 1.99% |
| Sharpe ratio | 0.09 | 0.29 |
| Sortino ratio | 0.12 | 0.43 |
| Maximum drawdown | −15.4% (04-03-2025) | −0.5% (04-09-2026) |
| Beta | 0.99 | -- |
| Alpha | −0.36% | -- |
From daily NAVs, 02-01-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct)
Helios Arbitrage Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| 360 ONE ELSS Tax Saver Nifty 50 Index Fund (Direct) | −10.3% | 03-08-2026 | 08-10-2026 | Not yet | -- | −6.9% |
| Helios Arbitrage Fund (Direct) | −0.5% | 31-08-2026 | 04-09-2026 | 10-09-2026 | 6 days | −0.1% |
| Nifty 50 TRI | −10.2% | 03-08-2026 | 08-10-2026 | Not yet | -- | −6.8% |
From daily values since 23-03-2026, the first day every fund has.
360 ONE ELSS Tax Saver Nifty 50 Index vs Helios Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE ELSS Tax Saver Nifty 50 Index Fund, September 2026; Helios Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 37.6%
- Held by both
- 15
- Only in 360 ONE ELSS Tax Saver Nifty 50 Index
- 35
- Only in Helios Arbitrage
- 20
| Security | % of 360 ONE ELSS Tax Saver Nifty 50 Index | % of Helios Arbitrage |
|---|---|---|
| HDFC Bank Limited | 10.47% | 6.93% |
| Reliance Industries Limited | 7.74% | 5.80% |
| ICICI Bank Limited | 9.12% | 5.78% |
| State Bank of India | 3.83% | 4.22% |
| Larsen & Toubro Limited | 4.25% | 3.51% |
| Axis Bank Limited | 3.40% | 5.59% |
| Bharti Airtel Limited | 5.08% | 1.95% |
| Tata Steel Limited | 1.47% | 4.77% |
| Hindalco Industries Limited | 1.32% | 1.74% |
| Eicher Motors Limited | 0.95% | 4.36% |
| Cipla Limited | 0.73% | 1.20% |
| Jio Financial Services Limited | 0.69% | 1.80% |
| Bajaj Finance Limited | 2.48% | 0.65% |
| Asian Paints Limited | 1.05% | 0.41% |
| Maruti Suzuki India Limited | 1.51% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.6% means 37.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in 360 ONE ELSS Tax Saver Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 3.36% |
| Kotak Mahindra Bank Limited | 2.96% |
| Mahindra & Mahindra Limited | 2.54% |
| ITC Limited | 2.44% |
| Eternal Limited | 2.22% |
Largest holdings only in Helios Arbitrage Fund
| Security | % of fund |
|---|---|
| Life Insurance Corporation of India | 5.58% |
| 364 DAY T-BILL 28.01.27 | 3.69% |
| 364 DAY T-BILL 11.03.27 | 3.67% |
| Canara Bank | 3.64% |
| 364 DAY T-BILL 13.05.27 | 3.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE ELSS Tax Saver Nifty 50 Index | Helios Arbitrage |
|---|---|---|
| Equity | 99.7% | 75.3% |
| Debt | 0.0% | 21.8% |
| Cash and others | 0.3% | 2.9% |
Market cap of stocks
| Market cap | 360 ONE ELSS Tax Saver Nifty 50 Index | Helios Arbitrage |
|---|---|---|
| Large Cap | 98.3% | 68.6% |
| Mid Cap | 1.4% | 5.1% |
| Small Cap | 0.0% | 1.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | 360 ONE ELSS Tax Saver Nifty 50 Index | Helios Arbitrage |
|---|---|---|
| Banks | 29.8% | 31.1% |
| IT - Software | 8.0% | 0.0% |
| Petroleum Products | 7.7% | 5.8% |
| Ferrous Metals | 2.6% | 7.5% |
| Automobiles | 6.7% | 4.5% |
| Insurance | 1.3% | 5.6% |
| Finance | 5.5% | 4.5% |
| Telecom - Services | 5.1% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
360 ONE ELSS Tax Saver Nifty 50 Index vs Helios Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE ELSS Tax Saver Nifty 50 Index Fund | Helios Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 1.76% |
| Base expense ratio (Direct) | 0.31% | 0.42% |
| Total expense ratio (Regular) | 0.62% | 2.28% |
| Base expense ratio (Regular) | 0.52% | 0.87% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
360 ONE ELSS Tax Saver Nifty 50 Index Fund vs Helios Arbitrage Fund: Frequently Asked Questions
What is the difference between 360 ONE ELSS Tax Saver Nifty 50 Index Fund and Helios Arbitrage Fund?
360 ONE ELSS Tax Saver Nifty 50 Index Fund is an Index fund, Helios Arbitrage Fund is an Arbitrage fund, run by 360 ONE Mutual Fund and Helios Mutual Fund. Their portfolios overlap 37.6%. 360 ONE ELSS Tax Saver Nifty 50 Index Fund charges 0.37% a year and Helios Arbitrage Fund 1.76%.
Which has the lower expense ratio, 360 ONE ELSS Tax Saver Nifty 50 Index Fund or Helios Arbitrage Fund?
360 ONE ELSS Tax Saver Nifty 50 Index Fund charges less: 0.37% a year against 1.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do 360 ONE ELSS Tax Saver Nifty 50 Index Fund and Helios Arbitrage Fund overlap?
37.6%. They hold 15 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, 360 ONE ELSS Tax Saver Nifty 50 Index Fund or Helios Arbitrage Fund?
On SEBI's riskometer, 360 ONE ELSS Tax Saver Nifty 50 Index Fund is rated Very High and Helios Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 12.42% and 1.99% a year.
Can I invest in both 360 ONE ELSS Tax Saver Nifty 50 Index Fund and Helios Arbitrage Fund?
Yes. 37.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages 360 ONE ELSS Tax Saver Nifty 50 Index Fund and Helios Arbitrage Fund?
360 ONE ELSS Tax Saver Nifty 50 Index Fund: Viral Mehta, Pranav Mise. Helios Arbitrage Fund: Alok Bahl, Pratik Singh.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.