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    Aditya Birla Sun Life Arbitrage Fund vs DSP Arbitrage fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Aditya Birla Sun Life Arbitrage Fund and DSP Arbitrage fund are both Arbitrage funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Arbitrage Fund (Direct) returned 7.4% a year and DSP Arbitrage fund (Direct) returned 7.2% a year. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and DSP Arbitrage fund 1.17% (Direct plans). Their portfolios overlap 50.1%: they hold 154 of the same securities.

    Aditya Birla Sun Life Arbitrage Fund

    Arbitrage

    3 year return
    7.4%
    Expense ratio
    1.23%
    NAV
    ₹31.18
    See Aditya Birla Sun Life Arbitrage Fund

    DSP Arbitrage fund

    Arbitrage

    3 year return
    7.2%
    Expense ratio
    1.17%
    NAV
    ₹16.99
    See DSP Arbitrage fund

    Which is better, Aditya Birla Sun Life Arbitrage or DSP Arbitrage fund? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Aditya Birla Sun Life Arbitrage returned more over 5 years: 6.8% a year against 6.7%.
    • Aditya Birla Sun Life Arbitrage returned more over 3 years: 7.4% a year against 7.2%.
    • DSP Arbitrage fund costs less: 1.17% a year against 1.23% (Direct plans).
    • Aditya Birla Sun Life Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
    • Aditya Birla Sun Life Arbitrage fell less in its worst fall since 29-01-2018: −0.5% against −0.6%.
    • Aditya Birla Sun Life Arbitrage is the larger fund: ₹26,933 Cr against ₹6,720 Cr.
    • Their portfolios overlap 50.1%: 154 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

    FactAditya Birla Sun Life Arbitrage FundDSP Arbitrage fund
    Fund houseAditya Birla Sun Life Mutual FundDSP Mutual Fund
    CategoryArbitrageArbitrage
    AUM₹26,933 Cr (30-09-2026)₹6,720 Cr (30-09-2026)
    NAV₹31.18 (Direct)₹16.99 (Direct)
    Expense ratio (Direct)1.23%1.17%
    Expense ratio (Regular)1.94%1.81%
    RiskometerLowLow
    BenchmarkNifty 50 Arbitrage TRINifty 50 Arbitrage Index
    Launch date24-07-200925-01-2018
    Minimum investment₹1,000₹100
    Lock inNoneNone
    Fund managersLovelish Solanki, Mohit Sharma, Krina MehtaKaivalya Nadkarni, Karan Mundhra
    Exit loadNilExit Load for units in excess of 10% of the investment,0.25% will be charged for redemption within 15 days.

    Aditya Birla Sun Life Arbitrage vs DSP Arbitrage fund: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Aditya Birla Sun Life Arbitrage Fund (Direct)+0.50%+1.55%+3.30%+6.75%+7.40%+6.85%+6.38%
    DSP Arbitrage fund (Direct)+0.49%+1.47%+3.15%+6.49%+7.18%+6.68%--
    Arbitrage average+0.56%+1.52%+3.20%+6.62%+7.18%+6.68%--

    Category average: the average of the 39 Arbitrage funds, same plan type.

    Aditya Birla Sun Life Arbitrage vs DSP Arbitrage fund: Year-wise Returns

    YearAditya Birla Sun Life ArbitrageAditya Birla Sun Life ArbitrageDSP Arbitrage fundDSP Arbitrage fund
    2026to date+5.49%+5.29%
    2025+7.20%+6.88%
    2024+8.30%+8.18%
    2023+7.86%+7.80%
    2022+4.80%+4.68%
    2021+4.52%+4.02%

    Aditya Birla Sun Life Arbitrage vs DSP Arbitrage fund: Rolling Returns

    Every holding period of both funds

    Rolling returns

    Every 3-year holding period, 1,417 of them, one for each trading day from 29-01-2021 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.

    0%2%4%6%8%
    Jul 2018
    to
    Jul 2021
    Jul 2019
    to
    Jul 2022
    Jun 2020
    to
    Jun 2023
    Jun 2021
    to
    Jun 2024
    Jun 2022
    to
    Jun 2025
    May 2023
    to
    May 2026
    Aditya Birla Sun Life Arbitrage Fund (Direct)DSP Arbitrage fund (Direct)

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighest
    Aditya Birla Sun Life Arbitrage0.019.680.40.00.00.00.06.2%5.9%4.5%7.9%
    DSP Arbitrage fund0.023.776.30.00.00.00.06.0%5.8%4.3%7.7%

    The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 29-01-2018. Past returns do not promise future returns.

    Aditya Birla Sun Life Arbitrage vs DSP Arbitrage fund: SIP and Lumpsum Returns

    What the same monthly or one-time investment would be worth in each fund today, from their own NAV history

    Growth of an investment

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 01-01-2018 to 30-10-2026: 106 instalments, ₹10,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct) ₹10,60,000 ₹14,28,338 ₹3,68,338 6.6%
    DSP Arbitrage fundDSP Arbitrage fund (Direct) ₹10,60,000 ₹14,16,546 ₹3,56,546 6.4%
    ₹0₹5.0 L₹10.0 L₹15.0 L
    20192020202120222023202420252026
    Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct)DSP Arbitrage fundDSP Arbitrage fund (Direct)Amount invested

    From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

    Aditya Birla Sun Life Arbitrage vs DSP Arbitrage fund: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureAditya Birla Sun Life Arbitrage Fund (Direct)DSP Arbitrage fund (Direct)
    Return (CAGR)+7.40%+7.18%
    Standard deviation1.07%1.08%
    Sharpe ratio1.291.07
    Sortino ratio2.001.65
    Maximum drawdown−0.5% (06-08-2026)−0.4% (06-08-2026)
    Beta----
    Alpha----

    From daily NAVs, 30-10-2023 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.

    −0.6%−0.5%−0.4%−0.3%−0.2%−0.1%0%
    20192020202120222023202420252026
    Aditya Birla Sun Life Arbitrage Fund (Direct)DSP Arbitrage fund (Direct)
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Aditya Birla Sun Life Arbitrage Fund (Direct)−0.5%16-03-202025-03-202031-03-20206 days0.0%
    DSP Arbitrage fund (Direct)−0.6%16-03-202025-03-202031-03-20206 days−0.1%

    From daily values since 29-01-2018, the first day every fund has.

    Rolling standard deviation

    Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%0.2%0.4%0.6%0.8%1%1.2%
    20222023202420252026
    Aditya Birla Sun Life Arbitrage Fund (Direct)DSP Arbitrage fund (Direct)

    Aditya Birla Sun Life Arbitrage vs DSP Arbitrage fund: Portfolio Overlap

    From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; DSP Arbitrage fund, September 2026

    Holdings in common

    Overlap
    50.1%
    Held by both
    154
    Only in Aditya Birla Sun Life Arbitrage
    46
    Only in DSP Arbitrage fund
    26
    Security% of Aditya Birla Sun Life Arbitrage% of DSP Arbitrage fund
    HDFC Bank Ltd.3.52%4.76%
    Reliance Industries Ltd.2.87%4.63%
    ICICI Bank Ltd.3.37%2.73%
    Vodafone Idea Ltd.2.35%3.05%
    Axis Bank Ltd.2.20%2.16%
    Bharti Airtel Ltd.2.38%1.62%
    State Bank of India1.60%1.55%
    Kotak Mahindra Bank Ltd.1.29%1.38%
    Steel Authority of India Ltd.1.15%1.32%
    JSW Steel Ltd.1.01%1.31%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.1% means 50.1% 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 Aditya Birla Sun Life Arbitrage Fund

    Security% of fund
    Aditya Birla Sun Life Money Market Fund - Growth - Direct Plan10.18%
    Aditya Birla Sun Life Floating Interest Rate Fund-Direct Plan-Growth3.56%
    Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan2.55%
    HDFC Bank Ltd. (15/02/2027)1.45%
    National Bank for Agriculture and Rural Development (22/01/2027)1.09%

    Largest holdings only in DSP Arbitrage fund

    Security% of fund
    DSP Money Market Fund10.96%
    Bank of Baroda2.89%
    Indian Bank2.83%
    National Bank For Agriculture & Rural Development1.44%
    Small Industries Development Bank of India1.04%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetAditya Birla Sun Life ArbitrageDSP Arbitrage fund
    Equity69.3%66.9%
    Debt10.5%19.3%
    Cash and others20.1%13.8%

    Market cap of stocks

    Market capAditya Birla Sun Life ArbitrageDSP Arbitrage fund
    Large Cap50.4%50.0%
    Mid Cap15.6%12.8%
    Small Cap3.4%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

    SectorAditya Birla Sun Life ArbitrageDSP Arbitrage fund
    Banks16.4%19.9%
    Telecom - Services5.8%5.6%
    Finance4.5%5.0%
    Petroleum Products3.9%4.7%
    Ferrous Metals3.2%3.4%
    Pharmaceuticals & Biotechnology3.3%3.4%

    The six largest sectors of each fund's stocks, % of the fund.

    Aditya Birla Sun Life Arbitrage vs DSP Arbitrage fund: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeAditya Birla Sun Life Arbitrage FundDSP Arbitrage fund
    Total expense ratio (Direct)1.23%1.17%
    Base expense ratio (Direct)0.27%0.31%
    Total expense ratio (Regular)1.94%1.81%
    Base expense ratio (Regular)0.88%0.85%

    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

    Aditya Birla Sun Life Arbitrage Fund vs DSP Arbitrage fund: Frequently Asked Questions

    What is the difference between Aditya Birla Sun Life Arbitrage Fund and DSP Arbitrage fund?

    Both are Arbitrage funds, run by Aditya Birla Sun Life Mutual Fund and DSP Mutual Fund. Their portfolios overlap 50.1%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and DSP Arbitrage fund 1.17%.

    Which has given higher returns, Aditya Birla Sun Life Arbitrage Fund or DSP Arbitrage fund?

    Over 1 year: Aditya Birla Sun Life Arbitrage Fund +6.75%, DSP Arbitrage fund +6.49%. Over 3 years: Aditya Birla Sun Life Arbitrage Fund +7.40% a year, DSP Arbitrage fund +7.18% a year. Over 5 years: Aditya Birla Sun Life Arbitrage Fund +6.85% a year, DSP Arbitrage fund +6.68% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Aditya Birla Sun Life Arbitrage Fund or DSP Arbitrage fund?

    DSP Arbitrage fund charges less: 1.17% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Aditya Birla Sun Life Arbitrage Fund and DSP Arbitrage fund overlap?

    50.1%. They hold 154 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.

    Which is riskier, Aditya Birla Sun Life Arbitrage Fund or DSP Arbitrage fund?

    On SEBI's riskometer, Aditya Birla Sun Life Arbitrage Fund is rated Low and DSP Arbitrage fund Low. Over 3 years, the standard deviation of daily returns was 1.07% and 1.08% a year.

    Which is better for SIP, Aditya Birla Sun Life Arbitrage Fund or DSP Arbitrage fund?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,33,369 in Aditya Birla Sun Life Arbitrage Fund (XIRR 7.2% a year) and ₹7,29,779 in DSP Arbitrage fund (XIRR 7.0% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both Aditya Birla Sun Life Arbitrage Fund and DSP Arbitrage fund?

    Yes. 50.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages Aditya Birla Sun Life Arbitrage Fund and DSP Arbitrage fund?

    Aditya Birla Sun Life Arbitrage Fund: Lovelish Solanki, Mohit Sharma, Krina Mehta. DSP Arbitrage fund: Kaivalya Nadkarni, Karan Mundhra.

    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.

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