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    Aditya Birla Sun Life Arbitrage Fund vs Groww NIFTY 200 ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Aditya Birla Sun Life Arbitrage Fund is an Arbitrage fund and Groww NIFTY 200 ETF is an ETF fund. In the year to 30-10-2026, Aditya Birla Sun Life Arbitrage Fund (Direct) returned 6.8% and Groww NIFTY 200 ETF returned −8.2%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Groww NIFTY 200 ETF 0.43%. Their portfolios overlap 53.4%: they hold 157 of the same securities.

    Aditya Birla Sun Life Arbitrage Fund

    Arbitrage

    1 year return
    6.8%
    Expense ratio
    1.23%
    NAV
    ₹31.18
    See Aditya Birla Sun Life Arbitrage Fund

    Groww NIFTY 200 ETF

    ETF

    1 year return
    −8.2%
    Expense ratio
    0.43%
    NAV
    ₹10.72
    See Groww NIFTY 200 ETF

    Which is better, Aditya Birla Sun Life Arbitrage or Groww NIFTY 200 ETF? 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 1 year: 6.8% against −8.2%.
    • Groww NIFTY 200 ETF costs less: 0.43% a year against 1.23%.
    • Aditya Birla Sun Life Arbitrage fell less in its worst fall since 27-02-2025: −0.5% against −14.8%.
    • Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 50.4%.
    • Aditya Birla Sun Life Arbitrage is the larger fund: ₹26,933 Cr against ₹16 Cr.
    • Their portfolios overlap 53.4%: 157 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 FundGroww NIFTY 200 ETF
    Fund houseAditya Birla Sun Life Mutual FundGroww Mutual Fund
    CategoryArbitrageETF
    AUM₹26,933 Cr (30-09-2026)₹16 Cr (30-09-2026)
    NAV₹31.18 (Direct)₹10.72
    Expense ratio (Direct)1.23%Not available
    Expense ratio (Regular)1.94%Not available
    RiskometerLowVery High
    BenchmarkNifty 50 Arbitrage TRINifty 200 TRI
    Launch date24-07-200925-02-2025
    Minimum investment₹1,000₹500
    Lock inNoneNone
    Fund managersLovelish Solanki, Mohit Sharma, Krina MehtaNikhil Satam, Aakash Chauhan, Shashi Kumar
    Exit loadNilNil

    Aditya Birla Sun Life Arbitrage vs Groww NIFTY 200 ETF: 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%
    Groww NIFTY 200 ETF+0.13%−6.00%−3.35%−8.21%------
    Arbitrage average+0.56%+1.52%+3.20%+6.62%+7.18%+6.68%+6.31%

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

    Aditya Birla Sun Life Arbitrage vs Groww NIFTY 200 ETF: Year-wise Returns

    YearAditya Birla Sun Life ArbitrageAditya Birla Sun Life ArbitrageGroww NIFTY 200 ETFGroww NIFTY 200 ETF
    2026to date+5.49%−8.79%
    2025+7.20%--
    2024+8.30%--
    2023+7.86%--
    2022+4.80%--
    2021+4.52%--

    Aditya Birla Sun Life Arbitrage vs Groww NIFTY 200 ETF: Rolling Returns

    Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF

    Rolling returns

    Every 1-year holding period, 165 of them, one for each trading day from 27-02-2026 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.

    −10%−5%0%5%10%15%20%
    Mar 2025
    to
    Mar 2026
    Apr 2025
    to
    Apr 2026
    Jun 2025
    to
    Jun 2026
    Jul 2025
    to
    Jul 2026
    Sept 2025
    to
    Sept 2026
    Oct 2025
    to
    Oct 2026
    Aditya Birla Sun Life Arbitrage Fund (Direct)Groww NIFTY 200 ETFNifty 200 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Aditya Birla Sun Life Arbitrage0.00.0100.00.00.00.00.06.7%6.7%6.2%7.2%88%
    Groww NIFTY 200 ETF46.337.811.63.70.60.00.00.8%0.3%−9.9%15.6%0%
    Nifty 200 TRI42.440.013.33.01.20.00.01.1%0.7%−9.6%16.1%--

    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. The benchmark is Nifty 200 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 27-02-2025. Past returns do not promise future returns.

    Aditya Birla Sun Life Arbitrage vs Groww NIFTY 200 ETF: 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct) ₹2,10,000 ₹2,22,846 ₹12,846 6.7%
    Groww NIFTY 200 ETFGroww NIFTY 200 ETF ₹2,10,000 ₹2,04,546 −₹5,454 −2.9%
    ₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
    2026
    Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct)Groww NIFTY 200 ETFGroww NIFTY 200 ETFAmount 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 Groww NIFTY 200 ETF: 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)Groww NIFTY 200 ETF
    Return (CAGR)+6.75%−8.21%
    Standard deviation1.34%14.33%
    Sharpe ratio1.13-0.94
    Sortino ratio1.77-1.24
    Maximum drawdown−0.5% (06-08-2026)−14.8% (31-03-2026)
    Beta--1.00
    Alpha--−0.38%

    From daily NAVs, 30-10-2025 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.

    −15%−10%−5%0%
    2026
    Aditya Birla Sun Life Arbitrage Fund (Direct)Groww NIFTY 200 ETFNifty 200 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Aditya Birla Sun Life Arbitrage Fund (Direct)−0.5%03-08-202606-08-202631-08-202625 days0.0%
    Groww NIFTY 200 ETF−14.8%02-01-202631-03-2026Not yet--−9.7%
    Nifty 200 TRI−14.8%02-01-202630-03-2026Not yet--−9.4%

    From daily values since 27-02-2025, 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%
    Aditya Birla Sun Life Arbitrage Fund (Direct)Groww NIFTY 200 ETFNifty 200 TRI

    Against Nifty 200 TRI

    FundUp captureDown captureTracking error
    Aditya Birla Sun Life Arbitrage Fund (Direct)19%-15%15.74%
    Groww NIFTY 200 ETF99%101%0.06%

    From month-end values since 27-02-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.

    Aditya Birla Sun Life Arbitrage vs Groww NIFTY 200 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; Groww NIFTY 200 ETF, September 2026

    Holdings in common

    Overlap
    53.4%
    Held by both
    157
    Only in Aditya Birla Sun Life Arbitrage
    43
    Only in Groww NIFTY 200 ETF
    43
    Security% of Aditya Birla Sun Life Arbitrage% of Groww NIFTY 200 ETF
    HDFC Bank Ltd.3.52%6.72%
    ICICI Bank Ltd.3.37%5.86%
    Reliance Industries Ltd.2.87%4.91%
    Bharti Airtel Ltd.2.38%3.31%
    Axis Bank Ltd.2.20%2.18%
    Larsen & Toubro Ltd.1.61%2.72%
    State Bank of India1.60%2.45%
    Kotak Mahindra Bank Ltd.1.29%1.90%
    NTPC Ltd.1.19%0.95%
    ITC Ltd.0.87%1.57%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.4% means 53.4% 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 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%
    Small Industries Development Bank of India (28/01/2027)1.36%

    Largest holdings only in Groww NIFTY 200 ETF

    Security% of fund
    Tata Motors Limited0.55%
    Dr. Reddy's Laboratories Limited0.46%
    Vedanta Aluminium Metal Limited0.43%
    Hero MotoCorp Limited0.42%
    Britannia Industries Limited0.35%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetAditya Birla Sun Life ArbitrageGroww NIFTY 200 ETF
    Equity69.3%99.9%
    Debt10.5%0.0%
    Cash and others20.1%0.1%

    Market cap of stocks

    Market capAditya Birla Sun Life ArbitrageGroww NIFTY 200 ETF
    Large Cap50.4%79.6%
    Mid Cap15.6%19.9%
    Small Cap3.4%0.3%

    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 ArbitrageGroww NIFTY 200 ETF
    Banks16.4%22.2%
    IT - Software1.5%6.4%
    Finance4.5%5.9%
    Telecom - Services5.8%3.9%
    Petroleum Products3.9%5.8%
    Automobiles2.6%5.5%
    Pharmaceuticals & Biotechnology3.3%5.1%
    Ferrous Metals3.2%2.1%

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

    Aditya Birla Sun Life Arbitrage vs Groww NIFTY 200 ETF: Expense Ratio

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

    ChargeAditya Birla Sun Life Arbitrage FundGroww NIFTY 200 ETF
    Total expense ratio (Direct)1.23%Not available
    Base expense ratio (Direct)0.27%0.35%
    Total expense ratio (Regular)1.94%Not available
    Base expense ratio (Regular)0.88%0.00%

    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

    Aditya Birla Sun Life Arbitrage Fund vs Groww NIFTY 200 ETF: Frequently Asked Questions

    What is the difference between Aditya Birla Sun Life Arbitrage Fund and Groww NIFTY 200 ETF?

    Aditya Birla Sun Life Arbitrage Fund is an Arbitrage fund, Groww NIFTY 200 ETF is an ETF fund, run by Aditya Birla Sun Life Mutual Fund and Groww Mutual Fund. Their portfolios overlap 53.4%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Groww NIFTY 200 ETF 0.43%.

    Which has given higher returns, Aditya Birla Sun Life Arbitrage Fund or Groww NIFTY 200 ETF?

    Over 1 year: Aditya Birla Sun Life Arbitrage Fund +6.75%, Groww NIFTY 200 ETF −8.21%. 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 Groww NIFTY 200 ETF?

    Groww NIFTY 200 ETF charges less: 0.43% a year against 1.23%. These are the total expense ratios reported to AMFI.

    How much do Aditya Birla Sun Life Arbitrage Fund and Groww NIFTY 200 ETF overlap?

    53.4%. They hold 157 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is riskier, Aditya Birla Sun Life Arbitrage Fund or Groww NIFTY 200 ETF?

    On SEBI's riskometer, Aditya Birla Sun Life Arbitrage Fund is rated Low and Groww NIFTY 200 ETF Very High. Over 1 years, the standard deviation of daily returns was 1.34% and 14.33% a year.

    Can I invest in both Aditya Birla Sun Life Arbitrage Fund and Groww NIFTY 200 ETF?

    Yes. 53.4% 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 Groww NIFTY 200 ETF?

    Aditya Birla Sun Life Arbitrage Fund: Lovelish Solanki, Mohit Sharma, Krina Mehta. Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar.

    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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