360 ONE MSCI India ETF vs Motilal Oswal Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE MSCI India ETF is an ETF fund and Motilal Oswal Arbitrage Fund is an Arbitrage fund. Their portfolios overlap 44.7%: they hold 92 of the same securities.
Which is better, 360 ONE MSCI India ETF or Motilal Oswal Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal 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 53.6%.
- Motilal Oswal Arbitrage is the larger fund: ₹3,434 Cr against ₹6 Cr.
- Their portfolios overlap 44.7%: 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 | Motilal Oswal Arbitrage Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹6 Cr (30-09-2026) | ₹3,434 Cr (30-09-2026) |
| NAV | ₹9.56 (Direct) | ₹11.37 (Direct) |
| Expense ratio (Direct) | 0.00% | 0.99% |
| Expense ratio (Regular) | Not available | 1.98% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India TRI | Nifty 50 Arbitrage TRI |
| Launch date | 22-05-2026 | 23-12-2024 |
| 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 | Vishal Ashar, Atul Mehra, Rakesh Shetty |
| Exit load | Nil | 0.25% - If redeemed within 30 days from the day of allotment. Nil - If redeemed after 30 days from the date of allotment. |
360 ONE MSCI India ETF vs Motilal Oswal 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% | -- | -- | -- | -- | -- |
| Motilal Oswal Arbitrage Fund (Direct) | +0.48% | +1.54% | +3.30% | +6.98% | -- | -- | -- |
| 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 Motilal Oswal Arbitrage: Year-wise Returns
| Year | 360 ONE MSCI India ETF360 ONE MSCI India ETF | Motilal Oswal ArbitrageMotilal Oswal Arbitrage |
|---|---|---|
| 2026to date | -- | +5.62% |
| 2025 | -- | +7.46% |
360 ONE MSCI India ETF vs Motilal Oswal Arbitrage: Rolling Returns
Every holding period of both funds
360 ONE MSCI India ETF vs Motilal Oswal 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) | Motilal Oswal Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.33% | +7.14% |
| Standard deviation | 11.22% | 1.16% |
| Sharpe ratio | -1.12 | 1.37 |
| Sortino ratio | -1.49 | 2.08 |
| 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)
Motilal Oswal 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% |
| Motilal Oswal Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | −0.0% |
From daily values since 29-05-2026, the first day every fund has.
360 ONE MSCI India ETF vs Motilal Oswal Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE MSCI India ETF, September 2026; Motilal Oswal Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 44.7%
- Held by both
- 92
- Only in 360 ONE MSCI India ETF
- 73
- Only in Motilal Oswal Arbitrage
- 46
| Security | % of 360 ONE MSCI India ETF | % of Motilal Oswal Arbitrage |
|---|---|---|
| HDFC Bank Limited | 6.35% | 5.41% |
| Reliance Industries Limited | 5.44% | 4.58% |
| Bharti Airtel Limited | 3.71% | 3.63% |
| ICICI Bank Limited | 5.51% | 2.28% |
| Axis Bank Limited | 2.21% | 2.53% |
| Kotak Mahindra Bank Limited | 1.79% | 2.39% |
| Bajaj Finance Limited | 1.90% | 1.72% |
| Mahindra & Mahindra Limited | 2.04% | 1.53% |
| Larsen & Toubro Limited | 1.99% | 1.19% |
| State Bank of India | 1.39% | 1.11% |
| Maruti Suzuki India Limited | 1.11% | 1.73% |
| TVS Motor Company Limited | 0.77% | 3.37% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.74% |
| InterGlobe Aviation Limited | 0.74% | 1.74% |
| Shriram Finance Limited | 1.09% | 0.69% |
| Samvardhana Motherson International Limited | 0.54% | 0.88% |
| Cholamandalam Investment and Finance Company Ltd | 0.54% | 3.49% |
| Bharat Electronics Limited | 1.07% | 0.53% |
| One 97 Communications Limited | 0.51% | 1.10% |
| ITC Limited | 0.62% | 0.50% |
| Jio Financial Services Limited | 0.46% | 0.68% |
| AU Small Finance Bank Limited | 0.44% | 3.07% |
| Eternal Limited | 0.61% | 0.43% |
| Bajaj Finserv Limited | 0.52% | 0.43% |
| CG Power and Industrial Solutions Limited | 0.43% | 2.37% |
| IndusInd Bank Limited | 0.41% | 0.75% |
| HDFC Life Insurance Company Limited | 0.40% | 0.57% |
| Adani Enterprises Limited | 0.40% | 1.11% |
| Bharat Heavy Electricals Limited | 0.40% | 0.52% |
| Tata Steel Limited | 1.09% | 0.35% |
| Ashok Leyland Limited | 0.34% | 0.97% |
| Indus Towers Limited | 0.37% | 0.34% |
| Cipla Limited | 0.54% | 0.32% |
| Suzlon Energy Limited | 0.32% | 0.37% |
| JSW Steel Limited | 0.60% | 0.31% |
| Infosys Limited | 2.41% | 0.30% |
| Grasim Industries Limited | 0.65% | 0.29% |
| Vodafone Idea Limited | 0.27% | 1.34% |
| Cummins India Limited | 0.50% | 0.26% |
| Divi's Laboratories Limited | 0.86% | 0.25% |
| Yes Bank Limited | 0.25% | 0.34% |
| Muthoot Finance Limited | 0.24% | 0.27% |
| Multi Commodity Exchange of India Limited | 0.32% | 0.24% |
| Jindal Steel Limited | 0.32% | 0.23% |
| Aditya Birla Capital Limited | 0.22% | 2.15% |
| Eicher Motors Limited | 0.76% | 0.21% |
| Hindustan Unilever Limited | 1.06% | 0.19% |
| Bank of Baroda | 0.19% | 0.25% |
| NMDC Limited | 0.19% | 0.26% |
| Asian Paints Limited | 0.73% | 0.18% |
| Supreme Industries Limited | 0.17% | 0.33% |
| Marico Limited | 0.32% | 0.17% |
| Godrej Properties Limited | 0.17% | 0.17% |
| UltraTech Cement Limited | 0.90% | 0.16% |
| Vedanta Limited | 0.28% | 0.16% |
| Canara Bank | 0.17% | 0.16% |
| Apollo Hospitals Enterprise Limited | 0.63% | 0.15% |
| Hindustan Aeronautics Limited | 0.62% | 0.14% |
| IDFC First Bank Limited | 0.26% | 0.14% |
| Tata Consultancy Services Limited | 1.33% | 0.13% |
| Bajaj Auto Limited | 0.55% | 0.13% |
| The Federal Bank Limited | 0.45% | 0.11% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 0.10% |
| HDFC Asset Management Company Limited | 0.34% | 0.10% |
| Aurobindo Pharma Limited | 0.34% | 0.10% |
| Ambuja Cements Limited | 0.18% | 0.10% |
| Pidilite Industries Limited | 0.33% | 0.09% |
| Hindalco Industries Limited | 0.97% | 0.08% |
| The Indian Hotels Company Limited | 0.47% | 0.08% |
| Lupin Limited | 0.37% | 0.08% |
| Hero MotoCorp Limited | 0.49% | 0.07% |
| Varun Beverages Limited | 0.44% | 0.07% |
| Info Edge (India) Limited | 0.33% | 0.07% |
| SBI Life Insurance Company Limited | 0.60% | 0.06% |
| APL Apollo Tubes Limited | 0.31% | 0.06% |
| Zydus Lifesciences Limited | 0.17% | 0.06% |
| Tata Motors Passenger Vehicles Limited | 0.42% | 0.05% |
| GAIL (India) Limited | 0.31% | 0.05% |
| DLF Limited | 0.33% | 0.04% |
| Polycab India Limited | 0.32% | 0.04% |
| Adani Energy Solutions Limited | 0.20% | 0.04% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.03% |
| Tata Consumer Products Limited | 0.41% | 0.03% |
| Bharat Petroleum Corporation Limited | 0.38% | 0.03% |
| Bharat Forge Limited | 0.36% | 0.03% |
| Hindustan Petroleum Corporation Limited | 0.26% | 0.02% |
| Tube Investments of India Limited | 0.18% | 0.02% |
| Alkem Laboratories Limited | 0.17% | 0.02% |
| Titan Company Limited | 1.27% | 0.01% |
| NTPC Limited | 1.11% | 0.01% |
| United Spirits Limited | 0.31% | 0.01% |
| Dabur India Limited | 0.13% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.7% means 44.7% 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 |
|---|---|
| Power Grid Corporation of India Limited | 0.87% |
| HCL Technologies Limited | 0.86% |
| Tech Mahindra Limited | 0.64% |
| Tata Motors Ltd | 0.62% |
| Nestle India Limited | 0.60% |
Largest holdings only in Motilal Oswal Arbitrage Fund
| Security | % of fund |
|---|---|
| Motilal Oswal Liquid Fund - Direct Growth | 7.13% |
| Motilal Oswal Ultra Short Term Fund (MOFUSTF) -Direct Plan- Growth | 2.07% |
| Steel Authority of India Limited | 1.23% |
| Inox Wind Limited | 0.87% |
| RBL Bank Limited | 0.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE MSCI India ETF | Motilal Oswal Arbitrage |
|---|---|---|
| Equity | 96.9% | 71.3% |
| Debt | 0.0% | 14.3% |
| Cash and others | 3.1% | 14.4% |
Market cap of stocks
| Market cap | 360 ONE MSCI India ETF | Motilal Oswal Arbitrage |
|---|---|---|
| Large Cap | 78.3% | 53.6% |
| Mid Cap | 18.6% | 13.5% |
| Small Cap | 0.0% | 4.2% |
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 | Motilal Oswal Arbitrage |
|---|---|---|
| Banks | 20.0% | 19.4% |
| Finance | 6.2% | 10.5% |
| Automobiles | 6.1% | 7.1% |
| IT - Software | 6.5% | 0.5% |
| Petroleum Products | 6.4% | 4.6% |
| Pharmaceuticals & Biotechnology | 5.3% | 1.7% |
| Telecom - Services | 4.5% | 5.3% |
| Electrical Equipment | 2.6% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
360 ONE MSCI India ETF vs Motilal Oswal Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE MSCI India ETF | Motilal Oswal Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.00% | 0.99% |
| Base expense ratio (Direct) | 0.00% | 0.10% |
| Total expense ratio (Regular) | Not available | 1.98% |
| Base expense ratio (Regular) | 0.39% | 1.00% |
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 Motilal Oswal Arbitrage Fund: Frequently Asked Questions
What is the difference between 360 ONE MSCI India ETF and Motilal Oswal Arbitrage Fund?
360 ONE MSCI India ETF is an ETF fund, Motilal Oswal Arbitrage Fund is an Arbitrage fund, run by 360 ONE Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 44.7%.
How much do 360 ONE MSCI India ETF and Motilal Oswal Arbitrage Fund overlap?
44.7%. They hold 92 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, 360 ONE MSCI India ETF or Motilal Oswal Arbitrage Fund?
On SEBI's riskometer, 360 ONE MSCI India ETF is rated Very High and Motilal Oswal Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 11.22% and 1.16% a year.
Can I invest in both 360 ONE MSCI India ETF and Motilal Oswal Arbitrage Fund?
Yes. 44.7% 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 Motilal Oswal Arbitrage Fund?
360 ONE MSCI India ETF: Viral Mehta, Pranav Mise. Motilal Oswal Arbitrage Fund: Vishal Ashar, Atul Mehra, Rakesh Shetty.
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.