360 ONE MSCI India ETF vs Franklin India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE MSCI India ETF is an ETF fund and Franklin India Arbitrage Fund is an Arbitrage fund. Their portfolios overlap 49.4%: they hold 102 of the same securities.
Which is better, 360 ONE MSCI India ETF or Franklin India Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India 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 51.9%.
- Franklin India Arbitrage is the larger fund: ₹1,921 Cr against ₹6 Cr.
- Their portfolios overlap 49.4%: 102 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 | Franklin India Arbitrage Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Franklin Templeton Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹6 Cr (30-09-2026) | ₹1,921 Cr (30-09-2026) |
| NAV | ₹9.56 (Direct) | ₹11.42 (Direct) |
| Expense ratio (Direct) | 0.00% | 1.20% |
| Expense ratio (Regular) | Not available | 1.97% |
| Riskometer | Very High | Not available |
| Benchmark | MSCI India TRI | Not available |
| Launch date | 22-05-2026 | Not available |
| 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 | Not available |
| Lock in | None | Not available |
| Fund managers | Viral Mehta, Pranav Mise | Not available |
| Exit load | Nil | Not available |
360 ONE MSCI India ETF vs Franklin India 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% | -- | -- | -- | -- | -- |
| Franklin India Arbitrage Fund (Direct) | +0.58% | +1.71% | +3.51% | +7.13% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
360 ONE MSCI India ETF vs Franklin India Arbitrage: Year-wise Returns
| Year | 360 ONE MSCI India ETF360 ONE MSCI India ETF | Franklin India ArbitrageFranklin India Arbitrage |
|---|---|---|
| 2026to date | -- | +5.84% |
| 2025 | -- | +7.19% |
360 ONE MSCI India ETF vs Franklin India Arbitrage: Rolling Returns
Every holding period of both funds
360 ONE MSCI India ETF vs Franklin India 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) | Franklin India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.33% | +7.09% |
| Standard deviation | 11.22% | 1.17% |
| Sharpe ratio | -1.12 | 1.25 |
| Sortino ratio | -1.49 | 1.93 |
| 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)
Franklin India 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% |
| Franklin India 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 Franklin India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE MSCI India ETF, September 2026; Franklin India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 49.4%
- Held by both
- 102
- Only in 360 ONE MSCI India ETF
- 63
- Only in Franklin India Arbitrage
- 42
| Security | % of 360 ONE MSCI India ETF | % of Franklin India Arbitrage |
|---|---|---|
| HDFC Bank Limited | 6.35% | 5.79% |
| ICICI Bank Limited | 5.51% | 6.04% |
| Reliance Industries Limited | 5.44% | 4.13% |
| Bharti Airtel Limited | 3.71% | 2.55% |
| Axis Bank Limited | 2.21% | 3.37% |
| Larsen & Toubro Limited | 1.99% | 1.88% |
| State Bank of India | 1.39% | 1.78% |
| Maruti Suzuki India Limited | 1.11% | 1.38% |
| Bharat Electronics Limited | 1.07% | 1.33% |
| Bajaj Finance Limited | 1.90% | 1.03% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.98% |
| Hindalco Industries Limited | 0.97% | 1.79% |
| Mahindra & Mahindra Limited | 2.04% | 0.92% |
| Eicher Motors Limited | 0.76% | 0.75% |
| Hindustan Unilever Limited | 1.06% | 0.71% |
| Kotak Mahindra Bank Limited | 1.79% | 0.63% |
| TVS Motor Company Limited | 0.77% | 0.60% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 0.58% |
| Eternal Limited | 0.61% | 0.54% |
| One 97 Communications Limited | 0.51% | 0.52% |
| Laurus Labs Limited | 0.50% | 0.81% |
| Adani Power Limited | 0.48% | 0.51% |
| Jio Financial Services Limited | 0.46% | 0.44% |
| AU Small Finance Bank Limited | 0.44% | 0.70% |
| Tata Power Company Limited | 0.43% | 0.60% |
| IndusInd Bank Limited | 0.41% | 1.22% |
| HDFC Life Insurance Company Limited | 0.40% | 1.82% |
| Adani Enterprises Limited | 0.40% | 1.44% |
| ITC Limited | 0.62% | 0.40% |
| NTPC Limited | 1.11% | 0.40% |
| Indus Towers Limited | 0.37% | 0.48% |
| Bajaj Finserv Limited | 0.52% | 0.34% |
| Ashok Leyland Limited | 0.34% | 0.43% |
| Aurobindo Pharma Limited | 0.34% | 0.41% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.33% |
| JSW Steel Limited | 0.60% | 0.33% |
| Info Edge (India) Limited | 0.33% | 0.53% |
| Marico Limited | 0.32% | 0.95% |
| Multi Commodity Exchange of India Limited | 0.32% | 0.58% |
| APL Apollo Tubes Limited | 0.31% | 0.65% |
| FSN E-Commerce Ventures Limited | 0.30% | 1.16% |
| PB Fintech Limited | 0.29% | 0.98% |
| Coal India Limited | 0.52% | 0.29% |
| The Indian Hotels Company Limited | 0.47% | 0.28% |
| Vedanta Limited | 0.28% | 0.30% |
| Vodafone Idea Limited | 0.27% | 2.41% |
| IDFC First Bank Limited | 0.26% | 2.11% |
| Yes Bank Limited | 0.25% | 0.56% |
| Cipla Limited | 0.54% | 0.24% |
| UltraTech Cement Limited | 0.90% | 0.24% |
| Solar Industries India Limited | 0.33% | 0.23% |
| United Spirits Limited | 0.31% | 0.23% |
| Apollo Hospitals Enterprise Limited | 0.63% | 0.22% |
| UPL Limited | 0.21% | 1.00% |
| GAIL (India) Limited | 0.31% | 0.20% |
| Punjab National Bank | 0.20% | 0.41% |
| Mphasis Limited | 0.20% | 0.52% |
| Varun Beverages Limited | 0.44% | 0.20% |
| Tata Motors Passenger Vehicles Limited | 0.42% | 0.19% |
| Bank of Baroda | 0.19% | 0.29% |
| Infosys Limited | 2.41% | 0.18% |
| Godrej Properties Limited | 0.17% | 0.41% |
| Canara Bank | 0.17% | 0.35% |
| Shriram Finance Limited | 1.09% | 0.17% |
| NMDC Limited | 0.19% | 0.16% |
| Bharat Heavy Electricals Limited | 0.40% | 0.16% |
| National Aluminium Company Limited | 0.22% | 0.16% |
| Adani Energy Solutions Limited | 0.20% | 0.13% |
| Nestle India Limited | 0.60% | 0.13% |
| Samvardhana Motherson International Limited | 0.54% | 0.13% |
| ICICI Prudential Life Insurance Company Limited | 0.13% | 0.17% |
| Power Finance Corporation Limited | 0.34% | 0.11% |
| Ambuja Cements Limited | 0.18% | 0.11% |
| Lupin Limited | 0.37% | 0.11% |
| Divi's Laboratories Limited | 0.86% | 0.11% |
| Titan Company Limited | 1.27% | 0.10% |
| SBI Life Insurance Company Limited | 0.60% | 0.09% |
| Power Grid Corporation of India Limited | 0.87% | 0.09% |
| GE Vernova T&D India Limited | 0.41% | 0.08% |
| Cummins India Limited | 0.50% | 0.08% |
| L&T Finance Limited | 0.17% | 0.07% |
| Tata Steel Limited | 1.09% | 0.07% |
| Dabur India Limited | 0.13% | 0.06% |
| Grasim Industries Limited | 0.65% | 0.04% |
| Indian Oil Corporation Limited | 0.30% | 0.04% |
| Cholamandalam Investment and Finance Company Ltd | 0.54% | 0.04% |
| InterGlobe Aviation Limited | 0.74% | 0.04% |
| BSE Limited | 0.48% | 0.03% |
| JSW Energy Limited | 0.15% | 0.03% |
| Pidilite Industries Limited | 0.33% | 0.03% |
| Bharat Petroleum Corporation Limited | 0.38% | 0.02% |
| Hitachi Energy India Limited | 0.24% | 0.02% |
| HDFC Asset Management Company Limited | 0.34% | 0.02% |
| ICICI Lombard General Insurance Company Limited | 0.30% | 0.02% |
| Tata Consumer Products Limited | 0.41% | 0.01% |
| Colgate Palmolive (India) Limited | 0.16% | 0.01% |
| The Federal Bank Limited | 0.45% | 0.01% |
| Hindustan Aeronautics Limited | 0.62% | 0.01% |
| Max Healthcare Institute Limited | 0.52% | 0.01% |
| Bajaj Auto Limited | 0.55% | 0.00% |
| Hindustan Petroleum Corporation Limited | 0.26% | 0.00% |
| Fortis Healthcare Limited | 0.29% | 0.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.4% means 49.4% 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 |
|---|---|
| Tata Consultancy Services Limited | 1.33% |
| HCL Technologies Limited | 0.86% |
| Asian Paints Limited | 0.73% |
| Tech Mahindra Limited | 0.64% |
| Tata Motors Ltd | 0.62% |
Largest holdings only in Franklin India Arbitrage Fund
| Security | % of fund |
|---|---|
| Franklin India Money Market Fund Direct-Growth Plan | 12.02% |
| Canara Bank (30-Nov-2026) | 2.58% |
| Union Bank of India (16-Mar-2027) | 2.52% |
| National Bank For Agriculture & Rural Development (17-Mar-2027) | 2.52% |
| Indian Bank (04-Dec-2026) | 1.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE MSCI India ETF | Franklin India Arbitrage |
|---|---|---|
| Equity | 96.9% | 71.4% |
| Debt | 0.0% | 14.5% |
| Cash and others | 3.1% | 14.1% |
Market cap of stocks
| Market cap | 360 ONE MSCI India ETF | Franklin India Arbitrage |
|---|---|---|
| Large Cap | 78.3% | 51.9% |
| Mid Cap | 18.6% | 17.7% |
| Small Cap | 0.0% | 1.8% |
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 | Franklin India Arbitrage |
|---|---|---|
| Banks | 20.0% | 23.5% |
| IT - Software | 6.5% | 1.5% |
| Petroleum Products | 6.4% | 4.2% |
| Finance | 6.2% | 2.8% |
| Automobiles | 6.1% | 4.1% |
| Telecom - Services | 4.5% | 5.4% |
| Pharmaceuticals & Biotechnology | 5.3% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
360 ONE MSCI India ETF vs Franklin India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE MSCI India ETF | Franklin India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.00% | 1.20% |
| Base expense ratio (Direct) | 0.00% | 0.23% |
| Total expense ratio (Regular) | Not available | 1.97% |
| Base expense ratio (Regular) | 0.39% | 0.89% |
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 Franklin India Arbitrage Fund: Frequently Asked Questions
What is the difference between 360 ONE MSCI India ETF and Franklin India Arbitrage Fund?
360 ONE MSCI India ETF is an ETF fund, Franklin India Arbitrage Fund is an Arbitrage fund, run by 360 ONE Mutual Fund and Franklin Templeton Mutual Fund. Their portfolios overlap 49.4%.
How much do 360 ONE MSCI India ETF and Franklin India Arbitrage Fund overlap?
49.4%. They hold 102 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both 360 ONE MSCI India ETF and Franklin India Arbitrage Fund?
Yes. 49.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.