360 ONE MSCI India ETF vs Old Bridge Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE MSCI India ETF is an ETF fund and Old Bridge Arbitrage Fund is an Arbitrage fund. Their portfolios overlap 47.8%: they hold 83 of the same securities.
Which is better, 360 ONE MSCI India ETF or Old Bridge Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Old Bridge Arbitrage fell less in its worst fall since 29-05-2026: −0.6% against −9.9%.
- 360 ONE MSCI India ETF holds more in large companies: 78.3% of the fund in large caps against 64.1%.
- Old Bridge Arbitrage is the larger fund: ₹254 Cr against ₹6 Cr.
- Their portfolios overlap 47.8%: 83 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 | Old Bridge Arbitrage Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Old Bridge Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹6 Cr (30-09-2026) | ₹254 Cr (30-09-2026) |
| NAV | ₹9.56 (Direct) | ₹10.62 (Direct) |
| Expense ratio (Direct) | 0.00% | 1.09% |
| Expense ratio (Regular) | Not available | 1.94% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India TRI | Nifty 50 Arbitrage TRI |
| Launch date | 22-05-2026 | 13-11-2025 |
| 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Viral Mehta, Pranav Mise | Kenneth Joseph Andrade |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 7 Days. |
360 ONE MSCI India ETF vs Old Bridge 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% | -- | -- | -- | -- | -- |
| Old Bridge Arbitrage Fund (Direct) | +0.55% | +1.49% | +3.19% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
360 ONE MSCI India ETF vs Old Bridge Arbitrage: Year-wise Returns
| Year | 360 ONE MSCI India ETF360 ONE MSCI India ETF | Old Bridge ArbitrageOld Bridge Arbitrage |
|---|---|---|
| 2026to date | -- | +5.31% |
360 ONE MSCI India ETF vs Old Bridge Arbitrage: Rolling Returns
Every holding period of both funds
360 ONE MSCI India ETF vs Old Bridge 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) | Old Bridge Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.33% | +6.43% |
| Standard deviation | 11.22% | 1.68% |
| Sharpe ratio | -1.12 | 0.71 |
| Sortino ratio | -1.49 | 1.06 |
| Maximum drawdown | −9.9% (08-10-2026) | −0.7% (29-05-2026) |
| 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)
Old Bridge 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% |
| Old Bridge Arbitrage Fund (Direct) | −0.6% | 03-08-2026 | 06-08-2026 | 31-08-2026 | 25 days | −0.1% |
From daily values since 29-05-2026, the first day every fund has.
360 ONE MSCI India ETF vs Old Bridge Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE MSCI India ETF, September 2026; Old Bridge Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 47.8%
- Held by both
- 83
- Only in 360 ONE MSCI India ETF
- 82
- Only in Old Bridge Arbitrage
- 14
| Security | % of 360 ONE MSCI India ETF | % of Old Bridge Arbitrage |
|---|---|---|
| Reliance Industries Limited | 5.44% | 5.43% |
| ICICI Bank Limited | 5.51% | 5.25% |
| HDFC Bank Limited | 6.35% | 4.76% |
| Bharti Airtel Limited | 3.71% | 3.72% |
| Axis Bank Limited | 2.21% | 2.36% |
| State Bank of India | 1.39% | 1.33% |
| Shriram Finance Limited | 1.09% | 2.97% |
| Tata Steel Limited | 1.09% | 2.44% |
| Hindalco Industries Limited | 0.97% | 1.22% |
| UltraTech Cement Limited | 0.90% | 1.36% |
| Divi's Laboratories Limited | 0.86% | 1.28% |
| Larsen & Toubro Limited | 1.99% | 0.80% |
| Apollo Hospitals Enterprise Limited | 0.63% | 1.05% |
| Hindustan Aeronautics Limited | 0.62% | 1.21% |
| JSW Steel Limited | 0.60% | 1.47% |
| Power Grid Corporation of India Limited | 0.87% | 0.60% |
| Kotak Mahindra Bank Limited | 1.79% | 0.59% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.58% |
| Hindustan Unilever Limited | 1.06% | 0.56% |
| Bajaj Finserv Limited | 0.52% | 0.80% |
| Coal India Limited | 0.52% | 0.79% |
| Bajaj Finance Limited | 1.90% | 0.48% |
| The Indian Hotels Company Limited | 0.47% | 0.83% |
| Jio Financial Services Limited | 0.46% | 1.23% |
| The Federal Bank Limited | 0.45% | 0.72% |
| Varun Beverages Limited | 0.44% | 0.96% |
| Tata Power Company Limited | 0.43% | 1.52% |
| Asian Paints Limited | 0.73% | 0.43% |
| NTPC Limited | 1.11% | 0.42% |
| Tata Consumer Products Limited | 0.41% | 1.30% |
| HDFC Life Insurance Company Limited | 0.40% | 0.84% |
| Bharat Heavy Electricals Limited | 0.40% | 1.93% |
| ITC Limited | 0.62% | 0.38% |
| Indus Towers Limited | 0.37% | 3.73% |
| Bharat Forge Limited | 0.36% | 0.49% |
| Power Finance Corporation Limited | 0.34% | 0.88% |
| HDFC Asset Management Company Limited | 0.34% | 1.89% |
| DLF Limited | 0.33% | 0.33% |
| Jindal Steel Limited | 0.32% | 0.48% |
| Multi Commodity Exchange of India Limited | 0.32% | 0.82% |
| GAIL (India) Limited | 0.31% | 0.48% |
| APL Apollo Tubes Limited | 0.31% | 0.88% |
| Fortis Healthcare Limited | 0.29% | 0.42% |
| CG Power and Industrial Solutions Limited | 0.43% | 0.29% |
| IDFC First Bank Limited | 0.26% | 2.23% |
| IndusInd Bank Limited | 0.41% | 0.25% |
| Godrej Consumer Products Limited | 0.26% | 0.25% |
| Yes Bank Limited | 0.25% | 0.39% |
| Bharat Electronics Limited | 1.07% | 0.24% |
| Grasim Industries Limited | 0.65% | 0.21% |
| Union Bank of India | 0.21% | 0.27% |
| Punjab National Bank | 0.20% | 1.46% |
| Pidilite Industries Limited | 0.33% | 0.20% |
| UPL Limited | 0.21% | 0.20% |
| GMR Airports Limited | 0.20% | 0.39% |
| Marico Limited | 0.32% | 0.19% |
| Bank of Baroda | 0.19% | 0.90% |
| NMDC Limited | 0.19% | 0.29% |
| Eternal Limited | 0.61% | 0.18% |
| Ambuja Cements Limited | 0.18% | 0.44% |
| Godrej Properties Limited | 0.17% | 0.25% |
| Canara Bank | 0.17% | 1.18% |
| Ashok Leyland Limited | 0.34% | 0.15% |
| Infosys Limited | 2.41% | 0.14% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.14% |
| Dabur India Limited | 0.13% | 0.47% |
| ICICI Prudential Life Insurance Company Limited | 0.13% | 0.18% |
| Info Edge (India) Limited | 0.33% | 0.11% |
| Colgate Palmolive (India) Limited | 0.16% | 0.11% |
| Hero MotoCorp Limited | 0.49% | 0.09% |
| United Spirits Limited | 0.31% | 0.09% |
| The Phoenix Mills Limited | 0.29% | 0.08% |
| SRF Limited | 0.26% | 0.08% |
| Mahindra & Mahindra Limited | 2.04% | 0.07% |
| Maruti Suzuki India Limited | 1.11% | 0.07% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 0.07% |
| SBI Life Insurance Company Limited | 0.60% | 0.05% |
| Cholamandalam Investment and Finance Company Ltd | 0.54% | 0.04% |
| AU Small Finance Bank Limited | 0.44% | 0.04% |
| Aurobindo Pharma Limited | 0.34% | 0.04% |
| InterGlobe Aviation Limited | 0.74% | 0.03% |
| Bharat Petroleum Corporation Limited | 0.38% | 0.02% |
| PB Fintech Limited | 0.29% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.8% means 47.8% 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% |
| Titan Company Limited | 1.27% |
| HCL Technologies Limited | 0.86% |
| TVS Motor Company Limited | 0.77% |
| Eicher Motors Limited | 0.76% |
Largest holdings only in Old Bridge Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill (MD 13/05/2027) | 5.70% |
| 182 Days Tbill (MD 19/11/2026) | 1.96% |
| 364 Days Tbill (MD 17/12/2026) | 1.95% |
| 182 Days Tbill (MD 04/02/2027) | 1.93% |
| Glenmark Pharmaceuticals Limited | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE MSCI India ETF | Old Bridge Arbitrage |
|---|---|---|
| Equity | 96.9% | 79.4% |
| Debt | 0.0% | 11.5% |
| Cash and others | 3.1% | 9.1% |
Market cap of stocks
| Market cap | 360 ONE MSCI India ETF | Old Bridge Arbitrage |
|---|---|---|
| Large Cap | 78.3% | 64.1% |
| Mid Cap | 18.6% | 13.3% |
| Small Cap | 0.0% | 1.9% |
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 | Old Bridge Arbitrage |
|---|---|---|
| Banks | 20.0% | 22.2% |
| Finance | 6.2% | 7.5% |
| Telecom - Services | 4.5% | 7.5% |
| IT - Software | 6.5% | 0.1% |
| Petroleum Products | 6.4% | 5.5% |
| Automobiles | 6.1% | 0.2% |
| Pharmaceuticals & Biotechnology | 5.3% | 4.2% |
| Ferrous Metals | 2.2% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
360 ONE MSCI India ETF vs Old Bridge Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE MSCI India ETF | Old Bridge Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.00% | 1.09% |
| Base expense ratio (Direct) | 0.00% | 0.12% |
| Total expense ratio (Regular) | Not available | 1.94% |
| Base expense ratio (Regular) | 0.39% | 0.84% |
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 Old Bridge Arbitrage Fund: Frequently Asked Questions
What is the difference between 360 ONE MSCI India ETF and Old Bridge Arbitrage Fund?
360 ONE MSCI India ETF is an ETF fund, Old Bridge Arbitrage Fund is an Arbitrage fund, run by 360 ONE Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 47.8%.
How much do 360 ONE MSCI India ETF and Old Bridge Arbitrage Fund overlap?
47.8%. They hold 83 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, 360 ONE MSCI India ETF or Old Bridge Arbitrage Fund?
On SEBI's riskometer, 360 ONE MSCI India ETF is rated Very High and Old Bridge Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 11.22% and 1.68% a year.
Can I invest in both 360 ONE MSCI India ETF and Old Bridge Arbitrage Fund?
Yes. 47.8% 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 Old Bridge Arbitrage Fund?
360 ONE MSCI India ETF: Viral Mehta, Pranav Mise. Old Bridge Arbitrage Fund: Kenneth Joseph Andrade.
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.