Aditya Birla Sun Life Arbitrage Fund vs ICICI Prudential Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Arbitrage Fund and ICICI Prudential 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 ICICI Prudential Arbitrage Fund (Direct) returned 7.3% a year. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and ICICI Prudential Arbitrage Fund 1.63% (Direct plans). Their portfolios overlap 49.4%: they hold 167 of the same securities.
Aditya Birla Sun Life Arbitrage Fund
Arbitrage
- 3 year return
- 7.4%
- Expense ratio
- 1.23%
- NAV
- ₹31.18
ICICI Prudential Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.63%
- NAV
- ₹40.00
Which is better, Aditya Birla Sun Life Arbitrage or ICICI Prudential Arbitrage? 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 6.8%.
- Aditya Birla Sun Life Arbitrage returned more over 3 years: 7.4% a year against 7.3%.
- Aditya Birla Sun Life Arbitrage costs less: 1.23% a year against 1.63% (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 08-01-2013: −0.5% against −0.6%.
- ICICI Prudential Arbitrage is the larger fund: ₹35,576 Cr against ₹26,933 Cr.
- Their portfolios overlap 49.4%: 167 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 | Aditya Birla Sun Life Arbitrage Fund | ICICI Prudential Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹26,933 Cr (30-09-2026) | ₹35,576 Cr (30-09-2026) |
| NAV | ₹31.18 (Direct) | ₹40.00 (Direct) |
| Expense ratio (Direct) | 1.23% | 1.63% |
| Expense ratio (Regular) | 1.94% | 2.16% |
| Riskometer | Low | Not available |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 24-07-2009 | 30-12-2006 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Lovelish Solanki, Mohit Sharma, Krina Mehta | Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia |
| Exit load | Nil | 0.25% of the applicable NAV If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment NIL If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment |
Aditya Birla Sun Life Arbitrage vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage Fund (Direct) | +0.50% | +1.55% | +3.30% | +6.75% | +7.40% | +6.85% | +6.38% |
| ICICI Prudential Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.24% | +6.62% | +7.27% | +6.77% | +6.33% |
| 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 ICICI Prudential Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Arbitrage | ICICI PrudentialICICI Prudential Arbitrage |
|---|---|---|
| 2026to date | +5.49% | +5.40% |
| 2025 | +7.20% | +7.02% |
| 2024 | +8.30% | +8.21% |
| 2023 | +7.86% | +7.77% |
| 2022 | +4.80% | +4.79% |
| 2021 | +4.52% | +4.40% |
Aditya Birla Sun Life Arbitrage vs ICICI Prudential Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,663 of them, one for each trading day from 08-01-2016 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.
Aditya Birla Sun Life Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage | 0.0 | 10.4 | 89.6 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 6.7% | 4.5% | 8.9% |
| ICICI Prudential Arbitrage | 0.0 | 11.2 | 88.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 6.8% | 4.5% | 9.2% |
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 08-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Arbitrage vs ICICI Prudential Arbitrage: 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
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,73,930 | ₹10,13,930 | 6.6% |
| ICICI Prudential ArbitrageICICI Prudential Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,66,264 | ₹10,06,264 | 6.6% |
Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct)
ICICI Prudential ArbitrageICICI Prudential 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 ICICI Prudential Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | ICICI Prudential Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.62% |
| Standard deviation | 1.34% | 1.39% |
| Sharpe ratio | 1.13 | 1.00 |
| Sortino ratio | 1.77 | 1.53 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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.
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | ICICI Prudential Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +7.27% |
| Standard deviation | 1.07% | 1.10% |
| Sharpe ratio | 1.29 | 1.13 |
| Sortino ratio | 2.00 | 1.74 |
| 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.
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | ICICI Prudential Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.85% | +6.77% |
| Standard deviation | 0.99% | 1.00% |
| Sharpe ratio | 1.07 | 0.97 |
| Sortino ratio | 1.64 | 1.49 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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.
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | ICICI Prudential Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +7.01% |
| Standard deviation | 1.10% | 1.05% |
| Sharpe ratio | 0.84 | 0.92 |
| Sortino ratio | 1.31 | 1.38 |
| Maximum drawdown | −0.5% (25-03-2020) | −0.6% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
Aditya Birla Sun Life Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage Fund (Direct) | −0.5% | 16-03-2020 | 25-03-2020 | 31-03-2020 | 6 days | 0.0% |
| ICICI Prudential Arbitrage Fund (Direct) | −0.6% | 29-05-2020 | 03-06-2020 | 20-08-2020 | 3 months | −0.1% |
From daily values since 08-01-2013, 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.
Aditya Birla Sun Life Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
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.
Aditya Birla Sun Life Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
Aditya Birla Sun Life Arbitrage vs ICICI Prudential Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; ICICI Prudential Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 49.4%
- Held by both
- 167
- Only in Aditya Birla Sun Life Arbitrage
- 33
- Only in ICICI Prudential Arbitrage
- 25
| Security | % of Aditya Birla Sun Life Arbitrage | % of ICICI Prudential Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 3.52% | 3.36% |
| Reliance Industries Ltd. | 2.87% | 4.44% |
| Vodafone Idea Ltd. | 2.35% | 2.99% |
| Axis Bank Ltd. | 2.20% | 2.94% |
| Bharti Airtel Ltd. | 2.38% | 2.04% |
| State Bank of India | 1.60% | 2.35% |
| HDFC Bank Ltd. (15/02/2027) | 1.45% | 1.37% |
| Small Industries Development Bank of India (28/01/2027) | 1.36% | 1.10% |
| JSW Steel Ltd. | 1.01% | 0.92% |
| Steel Authority of India Ltd. | 1.15% | 0.84% |
| Tata Steel Ltd. | 0.83% | 1.47% |
| Jio Financial Services Ltd. | 0.77% | 1.07% |
| ITC Ltd. | 0.87% | 0.76% |
| NMDC Ltd. | 0.79% | 0.75% |
| Coal India Ltd. | 0.71% | 1.65% |
| APL Apollo Tubes Ltd. | 0.70% | 1.37% |
| Adani Enterprises Ltd. | 0.69% | 0.63% |
| Maruti Suzuki India Ltd. | 0.73% | 0.61% |
| ICICI Bank Ltd. | 3.37% | 0.59% |
| Bajaj Finance Ltd. | 0.59% | 1.63% |
| Larsen & Toubro Ltd. | 1.61% | 0.49% |
| Glenmark Pharmaceuticals Ltd. | 0.49% | 0.69% |
| Kotak Mahindra Bank Ltd. | 1.29% | 0.48% |
| Hindalco Industries Ltd. | 1.18% | 0.46% |
| Manappuram Finance Ltd. | 0.41% | 0.57% |
| Mahindra & Mahindra Ltd. | 0.39% | 0.52% |
| Bharat Electronics Ltd. | 0.39% | 0.89% |
| Canara Bank | 0.38% | 1.23% |
| Cummins India Ltd. | 0.38% | 1.25% |
| Coforge Ltd. | 0.39% | 0.37% |
| NTPC Ltd. | 1.19% | 0.37% |
| Eicher Motors Ltd. | 0.62% | 0.36% |
| Yes Bank Ltd. | 0.54% | 0.35% |
| Adani Energy Solutions Ltd. | 0.35% | 1.31% |
| Infosys Ltd. | 0.35% | 0.96% |
| The Federal Bank Ltd. | 0.64% | 0.34% |
| Indus Towers Ltd. | 1.10% | 0.33% |
| Crompton Greaves Consumer Electricals Ltd. | 0.35% | 0.32% |
| Bandhan Bank Ltd. | 0.32% | 0.46% |
| Muthoot Finance Ltd. | 0.32% | 0.32% |
| Bajaj Finserv Ltd. | 0.34% | 0.31% |
| Tata Consultancy Services Ltd. | 0.38% | 0.30% |
| Multi Commodity Exchange of India Ltd. | 0.30% | 0.89% |
| Biocon Ltd. | 0.30% | 0.34% |
| Ultratech Cement Ltd. | 0.52% | 0.30% |
| Ambuja Cements Ltd. | 0.30% | 0.85% |
| Indian Oil Corporation Ltd. | 0.31% | 0.29% |
| Bank of Baroda | 0.29% | 0.37% |
| Apollo Hospitals Enterprise Ltd. | 0.56% | 0.29% |
| National Bank for Agriculture and Rural Development (27/01/2027) | 0.73% | 0.28% |
| Power Finance Corporation Ltd. | 0.27% | 1.51% |
| JSW Energy Ltd. | 0.27% | 0.32% |
| Punjab National Bank | 0.26% | 0.69% |
| Alkem Laboratories Ltd. | 0.26% | 0.29% |
| Swiggy Ltd. | 0.34% | 0.25% |
| Shriram Finance Ltd. | 0.29% | 0.25% |
| IndusInd Bank Ltd. | 0.57% | 0.25% |
| Titan Company Ltd. | 0.24% | 0.31% |
| LIC Housing Finance Ltd. | 0.36% | 0.24% |
| Hindustan Aeronautics Ltd. | 0.52% | 0.24% |
| Aurobindo Pharma Ltd. | 0.65% | 0.23% |
| TVS Motor Company Ltd. | 0.71% | 0.23% |
| Sun Pharmaceutical Industries Ltd. | 0.35% | 0.23% |
| Solar Industries India Ltd. | 0.29% | 0.22% |
| Hitachi Energy India Ltd. | 0.41% | 0.22% |
| HDFC Asset Management Co. Ltd. | 0.22% | 0.46% |
| Container Corporation of India Ltd. | 0.22% | 0.25% |
| Bharat Heavy Electricals Ltd. | 0.21% | 1.35% |
| Divi's Laboratories Ltd. | 0.21% | 0.75% |
| Torrent Pharmaceuticals Ltd. | 0.39% | 0.21% |
| UPL Ltd. | 0.21% | 0.39% |
| Jindal Steel Ltd. | 0.20% | 0.35% |
| Cipla Ltd. | 0.31% | 0.20% |
| Marico Ltd. | 0.19% | 0.39% |
| Adani Green Energy Ltd. | 0.19% | 0.97% |
| Samvardhana Motherson International Ltd. | 0.18% | 0.37% |
| HDFC Bank Ltd. (22/01/2027) | 0.18% | 0.41% |
| Adani Power Ltd. | 0.18% | 1.10% |
| Hindustan Petroleum Corporation Ltd. | 0.18% | 0.31% |
| Patanjali Foods Ltd. | 0.17% | 0.33% |
| Tata Power Company Ltd. | 0.17% | 0.37% |
| Eternal Ltd. | 0.26% | 0.17% |
| Fortis Healthcare Ltd. | 0.17% | 0.24% |
| IDFC First Bank Ltd. | 0.17% | 0.69% |
| AU Small Finance Bank Ltd. | 0.30% | 0.17% |
| Varun Beverages Ltd. | 0.17% | 0.91% |
| Laurus Labs Ltd. | 0.17% | 0.16% |
| Nestle India Ltd. | 0.18% | 0.15% |
| Life Insurance Corporation of India | 0.15% | 0.52% |
| Interglobe Aviation Ltd. | 0.55% | 0.14% |
| Hindustan Unilever Ltd. | 0.14% | 0.39% |
| Lupin Ltd. | 0.14% | 0.51% |
| Vedanta Ltd. | 1.08% | 0.14% |
| GE Vernova T&D India Ltd. | 0.34% | 0.13% |
| Oil & Natural Gas Corporation Ltd. | 0.41% | 0.13% |
| Godrej Properties Ltd. | 0.26% | 0.13% |
| Tata Consumer Products Ltd. | 0.23% | 0.12% |
| Ashok Leyland Ltd. | 0.39% | 0.12% |
| Adani Ports and Special Economic Zone Ltd. | 0.39% | 0.12% |
| The Indian Hotels Company Ltd. | 0.11% | 0.96% |
| Max Financial Services Ltd. | 0.11% | 0.23% |
| Delhivery Ltd. | 0.11% | 0.17% |
| Bajaj Auto Ltd. | 0.10% | 0.15% |
| GMR Airports Ltd. | 0.10% | 0.21% |
| Central Depository Services (I) Ltd. | 0.12% | 0.10% |
| Bank of India | 0.18% | 0.10% |
| KEI Industries Ltd. | 0.10% | 0.47% |
| HDFC Life Insurance Company Ltd. | 0.35% | 0.10% |
| Info Edge (India) Ltd. | 0.43% | 0.10% |
| Power Grid Corporation of India Ltd. | 0.13% | 0.10% |
| One 97 Communications Ltd. | 0.18% | 0.09% |
| SBI Life Insurance Co. Ltd. | 0.22% | 0.09% |
| Voltas Ltd. | 0.12% | 0.09% |
| Bharat Forge Ltd. | 0.10% | 0.08% |
| Grasim Industries Ltd. | 0.51% | 0.08% |
| Tech Mahindra Ltd. | 0.08% | 0.24% |
| The Phoenix Mills Ltd. | 0.10% | 0.08% |
| Asian Paints Ltd. | 0.27% | 0.08% |
| Aditya Birla Capital Ltd. | 0.40% | 0.08% |
| Inox Wind Ltd. | 0.08% | 0.07% |
| Kalyan Jewellers India Ltd. | 0.49% | 0.07% |
| Indian Energy Exchange Ltd. | 0.14% | 0.07% |
| Tube Investments of India Ltd. | 0.07% | 0.15% |
| BSE Ltd. | 0.15% | 0.07% |
| Tata Motors Passenger Vehicles Ltd. | 0.07% | 0.42% |
| Punjab National Bank (05/02/2027) | 0.18% | 0.07% |
| Trent Ltd. | 0.07% | 0.12% |
| Pidilite Industries Ltd. | 0.11% | 0.06% |
| PB Fintech Ltd. | 0.64% | 0.06% |
| PNB Housing Finance Ltd. | 0.38% | 0.06% |
| National Aluminium Company Ltd. | 0.22% | 0.06% |
| Astral Ltd. | 0.10% | 0.06% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.34% | 0.06% |
| ABB India Ltd. | 0.06% | 0.05% |
| HCL Technologies Ltd. | 0.05% | 0.18% |
| Max Healthcare Institute Ltd. | 0.07% | 0.05% |
| Avenue Supermarts Ltd. | 0.05% | 0.09% |
| Union Bank of India | 0.21% | 0.04% |
| Mphasis Ltd. | 0.06% | 0.04% |
| CG Power and Industrial Solutions Ltd. | 0.04% | 0.05% |
| Suzlon Energy Ltd. | 0.12% | 0.04% |
| Colgate Palmolive (India) Ltd. | 0.04% | 0.11% |
| RBL Bank Ltd. | 0.28% | 0.04% |
| GAIL (India) Ltd. | 0.11% | 0.04% |
| Hindustan Zinc Ltd. | 0.76% | 0.04% |
| Godrej Consumer Products Ltd. | 0.04% | 0.09% |
| NBCC (India) Ltd. | 0.19% | 0.03% |
| SRF Ltd. | 0.07% | 0.03% |
| Bharat Petroleum Corporation Ltd. | 0.51% | 0.03% |
| Lodha Developers Ltd. | 0.03% | 0.03% |
| Sagility Ltd. | 0.14% | 0.02% |
| PG Electroplast Ltd. | 0.20% | 0.02% |
| KPIT Technologies Ltd. | 0.03% | 0.02% |
| Polycab India Ltd. | 0.02% | 0.03% |
| REC Ltd. | 0.02% | 0.02% |
| Radico Khaitan Ltd. | 0.14% | 0.02% |
| Bosch Ltd. | 0.10% | 0.02% |
| Computer Age Management Services Ltd. | 0.11% | 0.02% |
| Dabur India Ltd. | 0.02% | 0.09% |
| Oberoi Realty Ltd. | 0.03% | 0.02% |
| Supreme Industries Ltd. | 0.14% | 0.01% |
| Angel One Ltd. | 0.07% | 0.01% |
| United Spirits Ltd. | 0.44% | 0.01% |
| Amber Enterprises India Ltd. | 0.05% | 0.01% |
| Page Industries Ltd. | 0.02% | 0.01% |
| FSN E-Commerce Ventures Ltd. | 0.02% | 0.01% |
| Persistent Systems Ltd. | 0.04% | 0.01% |
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 Aditya Birla Sun Life Arbitrage Fund
| Security | % of fund |
|---|---|
| Aditya Birla Sun Life Money Market Fund - Growth - Direct Plan | 10.18% |
| Aditya Birla Sun Life Floating Interest Rate Fund-Direct Plan-Growth | 3.56% |
| Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan | 2.55% |
| National Bank for Agriculture and Rural Development (28/01/2027) | 1.27% |
| National Bank for Agriculture and Rural Development (22/01/2027) | 1.09% |
Largest holdings only in ICICI Prudential Arbitrage Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Money Market Fund - Direct Plan - Growth | 14.97% |
| Union Bank Of India | 1.92% |
| Union Bank Of India | 1.78% |
| NABARD | 0.82% |
| Small Industries Development Bank Of India. | 0.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Arbitrage | ICICI Prudential Arbitrage |
|---|---|---|
| Equity | 69.3% | 71.1% |
| Debt | 10.5% | 11.9% |
| Cash and others | 20.1% | 17.0% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Arbitrage | ICICI Prudential Arbitrage |
|---|---|---|
| Large Cap | 50.4% | 54.2% |
| Mid Cap | 15.6% | 14.7% |
| Small Cap | 3.4% | 2.2% |
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 | Aditya Birla Sun Life Arbitrage | ICICI Prudential Arbitrage |
|---|---|---|
| Banks | 16.4% | 14.4% |
| Finance | 4.5% | 6.1% |
| Telecom - Services | 5.8% | 5.4% |
| Petroleum Products | 3.9% | 5.1% |
| Power | 2.5% | 4.5% |
| Pharmaceuticals & Biotechnology | 3.3% | 3.7% |
| Ferrous Metals | 3.2% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Arbitrage vs ICICI Prudential Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Arbitrage Fund | ICICI Prudential Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 1.63% |
| Base expense ratio (Direct) | 0.27% | 0.34% |
| Total expense ratio (Regular) | 1.94% | 2.16% |
| Base expense ratio (Regular) | 0.88% | 0.79% |
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.
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Aditya Birla Sun Life Arbitrage Fund vs ICICI Prudential Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Arbitrage Fund and ICICI Prudential Arbitrage Fund?
Both are Arbitrage funds, run by Aditya Birla Sun Life Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 49.4%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and ICICI Prudential Arbitrage Fund 1.63%.
Which has given higher returns, Aditya Birla Sun Life Arbitrage Fund or ICICI Prudential Arbitrage Fund?
Over 1 year: Aditya Birla Sun Life Arbitrage Fund +6.75%, ICICI Prudential Arbitrage Fund +6.62%. Over 3 years: Aditya Birla Sun Life Arbitrage Fund +7.40% a year, ICICI Prudential Arbitrage Fund +7.27% a year. Over 5 years: Aditya Birla Sun Life Arbitrage Fund +6.85% a year, ICICI Prudential Arbitrage Fund +6.77% 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 ICICI Prudential Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund charges less: 1.23% a year against 1.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Arbitrage Fund and ICICI Prudential Arbitrage Fund overlap?
49.4%. They hold 167 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, IDEA. From each fund's latest monthly portfolio.
Which is better for SIP, Aditya Birla Sun Life Arbitrage Fund or ICICI Prudential 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 ₹7,31,362 in ICICI Prudential Arbitrage Fund (XIRR 7.1% 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 ICICI Prudential 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.
Who manages Aditya Birla Sun Life Arbitrage Fund and ICICI Prudential Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund: Lovelish Solanki, Mohit Sharma, Krina Mehta. ICICI Prudential Arbitrage Fund: Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia.
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.