360 ONE MSCI India ETF vs Bajaj Finserv Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE MSCI India ETF is an ETF fund and Bajaj Finserv Arbitrage Fund is an Arbitrage fund. Their portfolios overlap 48.9%: they hold 92 of the same securities.
Which is better, 360 ONE MSCI India ETF or Bajaj Finserv Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Arbitrage fell less in its worst fall since 29-05-2026: −0.4% against −9.9%.
- 360 ONE MSCI India ETF holds more in large companies: 78.3% of the fund in large caps against 52.9%.
- Bajaj Finserv Arbitrage is the larger fund: ₹1,375 Cr against ₹6 Cr.
- Their portfolios overlap 48.9%: 92 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 MSCI India ETF | Bajaj Finserv Arbitrage Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Bajaj Finserv Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹6 Cr (30-09-2026) | ₹1,375 Cr (30-09-2026) |
| NAV | ₹9.56 (Direct) | ₹12.36 (Direct) |
| Expense ratio (Direct) | 0.00% | 1.29% |
| Expense ratio (Regular) | Not available | 1.99% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India TRI | Nifty 50 Arbitrage TRI |
| Launch date | 22-05-2026 | 15-09-2023 |
| Minimum investment | On Continuous basis: Directly with Fund- a) Market Makers: Market Makers can directly purchase/redeem in blocks from the fund in “Creation unit size” on any business day. b) Large Investors: Large Investors can directly purchase/redeem in blocks from the | ₹500 |
| Lock in | None | None |
| Fund managers | Viral Mehta, Pranav Mise | Ilesh Savla, Siddharth Chaudhary |
| Exit load | Nil | Entry load – not applicable Exit load – 0.25% of applicable NAV if redeemed/switched out within 15 days from the date of allotment. Nil if redeemed/switched out after 15 days from the date of allotment. |
360 ONE MSCI India ETF vs Bajaj Finserv 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 MSCI India ETF (Direct) | +0.25% | −5.95% | -- | -- | -- | -- | -- |
| Bajaj Finserv Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.18% | +6.61% | +6.98% | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
360 ONE MSCI India ETF vs Bajaj Finserv Arbitrage: Year-wise Returns
| Year | 360 ONE MSCI India ETF360 ONE MSCI India ETF | Bajaj Finserv ArbitrageBajaj Finserv Arbitrage |
|---|---|---|
| 2026to date | -- | +5.41% |
| 2025 | -- | +6.75% |
| 2024 | -- | +7.61% |
360 ONE MSCI India ETF vs Bajaj Finserv Arbitrage: Rolling Returns
Every holding period of both funds
360 ONE MSCI India ETF vs Bajaj Finserv Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | 360 ONE MSCI India ETF (Direct) | Bajaj Finserv Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.33% | +7.00% |
| Standard deviation | 11.22% | 1.08% |
| Sharpe ratio | -1.12 | 0.87 |
| Sortino ratio | -1.49 | 1.33 |
| Maximum drawdown | −9.9% (08-10-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-05-2026 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 MSCI India ETF (Direct)
Bajaj Finserv Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| 360 ONE MSCI India ETF (Direct) | −9.9% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.8% |
| Bajaj Finserv Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
From daily values since 29-05-2026, the first day every fund has.
360 ONE MSCI India ETF vs Bajaj Finserv Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE MSCI India ETF, September 2026; Bajaj Finserv Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 48.9%
- Held by both
- 92
- Only in 360 ONE MSCI India ETF
- 73
- Only in Bajaj Finserv Arbitrage
- 31
| Security | % of 360 ONE MSCI India ETF | % of Bajaj Finserv Arbitrage |
|---|---|---|
| HDFC Bank Limited | 6.35% | 6.18% |
| ICICI Bank Limited | 5.51% | 6.41% |
| Reliance Industries Limited | 5.44% | 5.21% |
| Bharti Airtel Limited | 3.71% | 2.08% |
| Bajaj Finance Limited | 1.90% | 2.36% |
| Axis Bank Limited | 2.21% | 1.35% |
| State Bank of India | 1.39% | 1.22% |
| NTPC Limited | 1.11% | 1.39% |
| Mahindra & Mahindra Limited | 2.04% | 1.08% |
| Bharat Electronics Limited | 1.07% | 1.31% |
| Hindalco Industries Limited | 0.97% | 1.05% |
| Larsen & Toubro Limited | 1.99% | 0.95% |
| Tata Steel Limited | 1.09% | 0.83% |
| Infosys Limited | 2.41% | 0.80% |
| Maruti Suzuki India Limited | 1.11% | 0.72% |
| Kotak Mahindra Bank Limited | 1.79% | 0.71% |
| Apollo Hospitals Enterprise Limited | 0.63% | 0.73% |
| ITC Limited | 0.62% | 0.84% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 0.55% |
| Cipla Limited | 0.54% | 0.62% |
| BSE Limited | 0.48% | 0.56% |
| The Indian Hotels Company Limited | 0.47% | 0.46% |
| Jio Financial Services Limited | 0.46% | 0.82% |
| The Federal Bank Limited | 0.45% | 0.58% |
| IndusInd Bank Limited | 0.41% | 0.59% |
| AU Small Finance Bank Limited | 0.44% | 0.40% |
| HDFC Life Insurance Company Limited | 0.40% | 0.42% |
| Adani Enterprises Limited | 0.40% | 0.86% |
| Bharat Heavy Electricals Limited | 0.40% | 0.55% |
| Indus Towers Limited | 0.37% | 0.60% |
| Hindustan Unilever Limited | 1.06% | 0.35% |
| Ashok Leyland Limited | 0.34% | 0.62% |
| Power Finance Corporation Limited | 0.34% | 0.58% |
| Solar Industries India Limited | 0.33% | 0.55% |
| Tata Consultancy Services Limited | 1.33% | 0.33% |
| Bajaj Finserv Limited | 0.52% | 0.33% |
| Multi Commodity Exchange of India Limited | 0.32% | 0.66% |
| Suzlon Energy Limited | 0.32% | 0.29% |
| PB Fintech Limited | 0.29% | 0.74% |
| Eternal Limited | 0.61% | 0.28% |
| Samvardhana Motherson International Limited | 0.54% | 0.28% |
| Tata Power Company Limited | 0.43% | 0.28% |
| Shriram Finance Limited | 1.09% | 0.27% |
| Vodafone Idea Limited | 0.27% | 0.85% |
| SBI Life Insurance Company Limited | 0.60% | 0.26% |
| IDFC First Bank Limited | 0.26% | 1.62% |
| Trent Limited | 0.55% | 0.25% |
| Yes Bank Limited | 0.25% | 0.58% |
| Eicher Motors Limited | 0.76% | 0.24% |
| HCL Technologies Limited | 0.86% | 0.23% |
| TVS Motor Company Limited | 0.77% | 0.23% |
| Aditya Birla Capital Limited | 0.22% | 0.57% |
| Coal India Limited | 0.52% | 0.21% |
| Punjab National Bank | 0.20% | 1.10% |
| Laurus Labs Limited | 0.50% | 0.20% |
| Marico Limited | 0.32% | 0.20% |
| Hindustan Aeronautics Limited | 0.62% | 0.19% |
| Pidilite Industries Limited | 0.33% | 0.19% |
| Mphasis Limited | 0.20% | 0.19% |
| NMDC Limited | 0.19% | 0.95% |
| Ambuja Cements Limited | 0.18% | 0.20% |
| Godrej Properties Limited | 0.17% | 0.32% |
| Canara Bank | 0.17% | 2.44% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.16% |
| Adani Energy Solutions Limited | 0.20% | 0.14% |
| Tube Investments of India Limited | 0.18% | 0.14% |
| Adani Power Limited | 0.48% | 0.13% |
| Fortis Healthcare Limited | 0.29% | 0.13% |
| Supreme Industries Limited | 0.17% | 0.13% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.12% |
| Avenue Supermarts Limited | 0.44% | 0.12% |
| Voltas Limited | 0.17% | 0.12% |
| HDFC Asset Management Company Limited | 0.34% | 0.11% |
| Cholamandalam Investment and Finance Company Ltd | 0.54% | 0.10% |
| Shree Cement Limited | 0.10% | 0.10% |
| One 97 Communications Limited | 0.51% | 0.09% |
| Titan Company Limited | 1.27% | 0.08% |
| Bank of Baroda | 0.19% | 0.07% |
| APL Apollo Tubes Limited | 0.31% | 0.06% |
| Hitachi Energy India Limited | 0.24% | 0.06% |
| Union Bank of India | 0.21% | 0.06% |
| Varun Beverages Limited | 0.44% | 0.05% |
| Aurobindo Pharma Limited | 0.34% | 0.05% |
| Indian Oil Corporation Limited | 0.30% | 0.05% |
| InterGlobe Aviation Limited | 0.74% | 0.04% |
| Asian Paints Limited | 0.73% | 0.04% |
| JSW Steel Limited | 0.60% | 0.04% |
| Jindal Steel Limited | 0.32% | 0.04% |
| GMR Airports Limited | 0.20% | 0.03% |
| Divi's Laboratories Limited | 0.86% | 0.01% |
| Hero MotoCorp Limited | 0.49% | 0.01% |
| DLF Limited | 0.33% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.9% means 48.9% 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 MSCI India ETF
| Security | % of fund |
|---|---|
| UltraTech Cement Limited | 0.90% |
| Power Grid Corporation of India Limited | 0.87% |
| Grasim Industries Limited | 0.65% |
| Tech Mahindra Limited | 0.64% |
| Tata Motors Ltd | 0.62% |
Largest holdings only in Bajaj Finserv Arbitrage Fund
| Security | % of fund |
|---|---|
| Bajaj Finserv Liquid Fund - Direct Plan - Growth | 13.03% |
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | 12.06% |
| Steel Authority of India Limited | 2.92% |
| Indian Bank (12/01/2027) | 1.78% |
| Hindustan Zinc Limited | 0.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE MSCI India ETF | Bajaj Finserv Arbitrage |
|---|---|---|
| Equity | 96.9% | 69.8% |
| Debt | 0.0% | 1.8% |
| Cash and others | 3.1% | 28.4% |
Market cap of stocks
| Market cap | 360 ONE MSCI India ETF | Bajaj Finserv Arbitrage |
|---|---|---|
| Large Cap | 78.3% | 52.9% |
| Mid Cap | 18.6% | 13.7% |
| Small Cap | 0.0% | 3.1% |
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 MSCI India ETF | Bajaj Finserv Arbitrage |
|---|---|---|
| Banks | 20.0% | 24.4% |
| IT - Software | 6.5% | 1.7% |
| Petroleum Products | 6.4% | 5.3% |
| Finance | 6.2% | 5.9% |
| Automobiles | 6.1% | 2.3% |
| Pharmaceuticals & Biotechnology | 5.3% | 1.1% |
| Telecom - Services | 4.5% | 3.5% |
| Ferrous Metals | 2.2% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
360 ONE MSCI India ETF vs Bajaj Finserv Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE MSCI India ETF | Bajaj Finserv Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.00% | 1.29% |
| Base expense ratio (Direct) | 0.00% | 0.31% |
| Total expense ratio (Regular) | Not available | 1.99% |
| Base expense ratio (Regular) | 0.39% | 0.90% |
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 MSCI India ETF vs Bajaj Finserv Arbitrage Fund: Frequently Asked Questions
What is the difference between 360 ONE MSCI India ETF and Bajaj Finserv Arbitrage Fund?
360 ONE MSCI India ETF is an ETF fund, Bajaj Finserv Arbitrage Fund is an Arbitrage fund, run by 360 ONE Mutual Fund and Bajaj Finserv Mutual Fund. Their portfolios overlap 48.9%.
How much do 360 ONE MSCI India ETF and Bajaj Finserv Arbitrage Fund overlap?
48.9%. They hold 92 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, 360 ONE MSCI India ETF or Bajaj Finserv Arbitrage Fund?
On SEBI's riskometer, 360 ONE MSCI India ETF is rated Very High and Bajaj Finserv Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 11.22% and 1.08% a year.
Can I invest in both 360 ONE MSCI India ETF and Bajaj Finserv Arbitrage Fund?
Yes. 48.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages 360 ONE MSCI India ETF and Bajaj Finserv Arbitrage Fund?
360 ONE MSCI India ETF: Viral Mehta, Pranav Mise. Bajaj Finserv Arbitrage Fund: Ilesh Savla, Siddharth Chaudhary.
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.