Aditya Birla Sun Life Arbitrage Fund vs Invesco India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Arbitrage Fund and Invesco India 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 Invesco India Arbitrage Fund (Direct) returned 7.5% a year. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Invesco India Arbitrage Fund 2.20% (Direct plans). Their portfolios overlap 48.9%: they hold 171 of the same securities.
Aditya Birla Sun Life Arbitrage Fund
Arbitrage
- 3 year return
- 7.4%
- Expense ratio
- 1.23%
- NAV
- ₹31.18
Invesco India Arbitrage Fund
Arbitrage
- 3 year return
- 7.5%
- Expense ratio
- 2.20%
- NAV
- ₹37.63
Which is better, Aditya Birla Sun Life Arbitrage or Invesco India Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Arbitrage returned more over 5 years: 7.1% a year against 6.8%.
- Invesco India Arbitrage returned more over 3 years: 7.5% a year against 7.4%.
- Aditya Birla Sun Life Arbitrage costs less: 1.23% a year against 2.20% (Direct plans).
- Aditya Birla Sun Life Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- Invesco India Arbitrage fell less in its worst fall since 02-01-2013: −0.5% against −0.5%.
- Invesco India Arbitrage is the larger fund: ₹30,396 Cr against ₹26,933 Cr.
- Their portfolios overlap 48.9%: 171 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 | Invesco India Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Invesco Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹26,933 Cr (30-09-2026) | ₹30,396 Cr (30-09-2026) |
| NAV | ₹31.18 (Direct) | ₹37.63 (Direct) |
| Expense ratio (Direct) | 1.23% | 2.20% |
| Expense ratio (Regular) | 1.94% | 2.87% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 24-07-2009 | 30-04-2007 |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | None |
| Fund managers | Lovelish Solanki, Mohit Sharma, Krina Mehta | Deepak Gupta, Pradeep Sukte |
| Exit load | Nil | Exit load of 0.50% if redeemed within 15 days |
Aditya Birla Sun Life Arbitrage vs Invesco India 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% |
| Invesco India Arbitrage Fund (Direct) | +0.63% | +1.62% | +3.40% | +6.88% | +7.46% | +7.14% | +6.46% |
| 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 Invesco India Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Arbitrage | Invesco IndiaInvesco India Arbitrage |
|---|---|---|
| 2026to date | +5.49% | +5.60% |
| 2025 | +7.20% | +7.17% |
| 2024 | +8.30% | +8.32% |
| 2023 | +7.86% | +8.07% |
| 2022 | +4.80% | +5.85% |
| 2021 | +4.52% | +4.15% |
Aditya Birla Sun Life Arbitrage vs Invesco India Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,667 of them, one for each trading day from 04-01-2016 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)
Invesco India 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% |
| Invesco India Arbitrage | 0.0 | 5.2 | 94.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.6% | 4.8% | 8.6% |
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 02-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Arbitrage vs Invesco India 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% |
| Invesco India ArbitrageInvesco India Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,92,668 | ₹10,32,668 | 6.7% |
Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct)
Invesco India ArbitrageInvesco India 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 Invesco India 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) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.88% |
| Standard deviation | 1.34% | 1.35% |
| Sharpe ratio | 1.13 | 1.21 |
| Sortino ratio | 1.77 | 1.82 |
| 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) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +7.46% |
| Standard deviation | 1.07% | 1.09% |
| Sharpe ratio | 1.29 | 1.32 |
| Sortino ratio | 2.00 | 2.01 |
| 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) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.85% | +7.14% |
| Standard deviation | 0.99% | 1.00% |
| Sharpe ratio | 1.07 | 1.34 |
| Sortino ratio | 1.64 | 2.05 |
| 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) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +6.95% |
| Standard deviation | 1.10% | 1.04% |
| Sharpe ratio | 0.84 | 0.87 |
| Sortino ratio | 1.31 | 1.29 |
| Maximum drawdown | −0.5% (25-03-2020) | −0.5% (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)
Invesco India 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% |
| Invesco India Arbitrage Fund (Direct) | −0.5% | 29-05-2020 | 03-06-2020 | 30-06-2020 | 27 days | −0.0% |
From daily values since 02-01-2013, 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)
Invesco India 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)
Invesco India 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)
Invesco India Arbitrage Fund (Direct)
Aditya Birla Sun Life Arbitrage vs Invesco India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; Invesco India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 48.9%
- Held by both
- 171
- Only in Aditya Birla Sun Life Arbitrage
- 29
- Only in Invesco India Arbitrage
- 23
| Security | % of Aditya Birla Sun Life Arbitrage | % of Invesco India Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 3.52% | 5.58% |
| ICICI Bank Ltd. | 3.37% | 4.55% |
| Reliance Industries Ltd. | 2.87% | 3.48% |
| Vodafone Idea Ltd. | 2.35% | 2.20% |
| Axis Bank Ltd. | 2.20% | 2.20% |
| Bharti Airtel Ltd. | 2.38% | 2.16% |
| State Bank of India | 1.60% | 1.99% |
| Tata Steel Ltd. | 0.83% | 1.57% |
| Jio Financial Services Ltd. | 0.77% | 1.46% |
| Indus Towers Ltd. | 1.10% | 0.77% |
| Coal India Ltd. | 0.71% | 1.47% |
| NMDC Ltd. | 0.79% | 0.71% |
| APL Apollo Tubes Ltd. | 0.70% | 1.77% |
| The Federal Bank Ltd. | 0.64% | 0.78% |
| ITC Ltd. | 0.87% | 0.61% |
| Yes Bank Ltd. | 0.54% | 1.38% |
| Kotak Mahindra Bank Ltd. | 1.29% | 0.52% |
| PB Fintech Ltd. | 0.64% | 0.52% |
| Manappuram Finance Ltd. | 0.41% | 0.53% |
| Coforge Ltd. | 0.39% | 0.46% |
| Torrent Pharmaceuticals Ltd. | 0.39% | 0.40% |
| PNB Housing Finance Ltd. | 0.38% | 0.39% |
| Canara Bank | 0.38% | 1.52% |
| Cummins India Ltd. | 0.38% | 0.77% |
| Tata Consultancy Services Ltd. | 0.38% | 0.67% |
| Maruti Suzuki India Ltd. | 0.73% | 0.37% |
| LIC Housing Finance Ltd. | 0.36% | 0.64% |
| Hindustan Zinc Ltd. | 0.76% | 0.35% |
| Crompton Greaves Consumer Electricals Ltd. | 0.35% | 0.55% |
| Infosys Ltd. | 0.35% | 1.01% |
| GE Vernova T&D India Ltd. | 0.34% | 0.58% |
| Swiggy Ltd. | 0.34% | 0.34% |
| Adani Enterprises Ltd. | 0.69% | 0.32% |
| Bajaj Finance Ltd. | 0.59% | 0.32% |
| Indian Oil Corporation Ltd. | 0.31% | 0.60% |
| Multi Commodity Exchange of India Ltd. | 0.30% | 1.55% |
| Biocon Ltd. | 0.30% | 0.64% |
| Ambuja Cements Ltd. | 0.30% | 1.26% |
| Bank of Baroda | 0.29% | 0.50% |
| RBL Bank Ltd. | 0.28% | 0.38% |
| Hindustan Aeronautics Ltd. | 0.52% | 0.28% |
| Power Finance Corporation Ltd. | 0.27% | 1.77% |
| Punjab National Bank | 0.26% | 1.03% |
| Godrej Properties Ltd. | 0.26% | 0.45% |
| Bandhan Bank Ltd. | 0.32% | 0.25% |
| NTPC Ltd. | 1.19% | 0.24% |
| TVS Motor Company Ltd. | 0.71% | 0.23% |
| Info Edge (India) Ltd. | 0.43% | 0.23% |
| Mahindra & Mahindra Ltd. | 0.39% | 0.23% |
| Tata Consumer Products Ltd. | 0.23% | 0.36% |
| Hindalco Industries Ltd. | 1.18% | 0.22% |
| Steel Authority of India Ltd. | 1.15% | 0.22% |
| Shriram Finance Ltd. | 0.29% | 0.22% |
| HDFC Asset Management Co. Ltd. | 0.22% | 0.32% |
| Container Corporation of India Ltd. | 0.22% | 0.58% |
| Bharat Heavy Electricals Ltd. | 0.21% | 0.24% |
| Divi's Laboratories Ltd. | 0.21% | 1.08% |
| Bharat Electronics Ltd. | 0.39% | 0.21% |
| Adani Energy Solutions Ltd. | 0.35% | 0.21% |
| Muthoot Finance Ltd. | 0.32% | 0.21% |
| Union Bank of India | 0.21% | 0.32% |
| UPL Ltd. | 0.21% | 0.27% |
| PG Electroplast Ltd. | 0.20% | 0.28% |
| Ashok Leyland Ltd. | 0.39% | 0.20% |
| Jindal Steel Ltd. | 0.20% | 0.39% |
| Marico Ltd. | 0.19% | 0.38% |
| Eicher Motors Ltd. | 0.62% | 0.19% |
| AU Small Finance Bank Ltd. | 0.30% | 0.19% |
| Alkem Laboratories Ltd. | 0.26% | 0.19% |
| Samvardhana Motherson International Ltd. | 0.18% | 0.30% |
| One 97 Communications Ltd. | 0.18% | 0.20% |
| HDFC Bank Ltd. (22/01/2027) | 0.18% | 0.32% |
| Adani Power Ltd. | 0.18% | 2.11% |
| Hindustan Petroleum Corporation Ltd. | 0.18% | 0.21% |
| HDFC Bank Ltd. (24/02/2027) | 0.18% | 1.28% |
| Vedanta Ltd. | 1.08% | 0.18% |
| Glenmark Pharmaceuticals Ltd. | 0.49% | 0.18% |
| HDFC Life Insurance Company Ltd. | 0.35% | 0.18% |
| JSW Energy Ltd. | 0.27% | 0.18% |
| Asian Paints Ltd. | 0.27% | 0.18% |
| Bank of India | 0.18% | 0.26% |
| Patanjali Foods Ltd. | 0.17% | 0.48% |
| Tata Power Company Ltd. | 0.17% | 0.21% |
| Laurus Labs Ltd. | 0.17% | 0.19% |
| Fortis Healthcare Ltd. | 0.17% | 0.31% |
| IDFC First Bank Ltd. | 0.17% | 1.77% |
| Aditya Birla Capital Ltd. | 0.40% | 0.17% |
| Varun Beverages Ltd. | 0.17% | 0.80% |
| Aurobindo Pharma Ltd. | 0.65% | 0.16% |
| Interglobe Aviation Ltd. | 0.55% | 0.16% |
| Life Insurance Corporation of India | 0.15% | 0.43% |
| BSE Ltd. | 0.15% | 0.29% |
| ICICI Lombard General Insurance Company Ltd. | 0.15% | 0.18% |
| Hindustan Unilever Ltd. | 0.14% | 0.78% |
| Indian Energy Exchange Ltd. | 0.14% | 0.28% |
| Lupin Ltd. | 0.14% | 0.30% |
| Titan Company Ltd. | 0.24% | 0.14% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.34% | 0.13% |
| Nestle India Ltd. | 0.18% | 0.13% |
| Radico Khaitan Ltd. | 0.14% | 0.13% |
| Sagility Ltd. | 0.14% | 0.13% |
| Voltas Ltd. | 0.12% | 0.18% |
| Central Depository Services (I) Ltd. | 0.12% | 0.19% |
| Larsen & Toubro Ltd. | 1.61% | 0.12% |
| Bharat Petroleum Corporation Ltd. | 0.51% | 0.12% |
| Supreme Industries Ltd. | 0.14% | 0.12% |
| Suzlon Energy Ltd. | 0.12% | 0.24% |
| The Indian Hotels Company Ltd. | 0.11% | 0.60% |
| GAIL (India) Ltd. | 0.11% | 0.12% |
| Kalyan Jewellers India Ltd. | 0.49% | 0.11% |
| Adani Green Energy Ltd. | 0.19% | 0.11% |
| Delhivery Ltd. | 0.11% | 0.31% |
| Computer Age Management Services Ltd. | 0.11% | 0.50% |
| Pidilite Industries Ltd. | 0.11% | 0.12% |
| Bajaj Auto Ltd. | 0.10% | 0.31% |
| Astral Ltd. | 0.10% | 0.28% |
| Hitachi Energy India Ltd. | 0.41% | 0.10% |
| KEI Industries Ltd. | 0.10% | 0.15% |
| The Phoenix Mills Ltd. | 0.10% | 0.13% |
| Bharat Forge Ltd. | 0.10% | 0.33% |
| Oil & Natural Gas Corporation Ltd. | 0.41% | 0.09% |
| National Aluminium Company Ltd. | 0.22% | 0.09% |
| NBCC (India) Ltd. | 0.19% | 0.09% |
| Bosch Ltd. | 0.10% | 0.09% |
| Inox Wind Ltd. | 0.08% | 0.14% |
| Oil India Ltd. | 0.08% | 0.16% |
| Tech Mahindra Ltd. | 0.08% | 0.34% |
| JSW Steel Ltd. | 1.01% | 0.08% |
| Ultratech Cement Ltd. | 0.52% | 0.08% |
| SBI Life Insurance Co. Ltd. | 0.22% | 0.08% |
| Tube Investments of India Ltd. | 0.07% | 0.09% |
| Tata Motors Passenger Vehicles Ltd. | 0.07% | 0.55% |
| SRF Ltd. | 0.07% | 0.09% |
| Bajaj Finserv Ltd. | 0.34% | 0.06% |
| Power Grid Corporation of India Ltd. | 0.13% | 0.06% |
| GMR Airports Ltd. | 0.10% | 0.06% |
| Mphasis Ltd. | 0.06% | 0.32% |
| HCL Technologies Ltd. | 0.05% | 0.61% |
| United Spirits Ltd. | 0.44% | 0.05% |
| Bank of Maharashtra | 0.10% | 0.05% |
| Colgate Palmolive (India) Ltd. | 0.04% | 0.25% |
| Apollo Hospitals Enterprise Ltd. | 0.56% | 0.04% |
| Grasim Industries Ltd. | 0.51% | 0.04% |
| Adani Ports and Special Economic Zone Ltd. | 0.39% | 0.04% |
| Sun Pharmaceutical Industries Ltd. | 0.35% | 0.04% |
| Indian Bank | 0.08% | 0.04% |
| ABB India Ltd. | 0.06% | 0.04% |
| SBI Cards & Payment Services Ltd. | 0.03% | 0.10% |
| Oberoi Realty Ltd. | 0.03% | 0.29% |
| IndusInd Bank Ltd. | 0.57% | 0.03% |
| Cipla Ltd. | 0.31% | 0.03% |
| Solar Industries India Ltd. | 0.29% | 0.03% |
| Eternal Ltd. | 0.26% | 0.03% |
| Trent Ltd. | 0.07% | 0.03% |
| CG Power and Industrial Solutions Ltd. | 0.04% | 0.03% |
| Persistent Systems Ltd. | 0.04% | 0.03% |
| KPIT Technologies Ltd. | 0.03% | 0.09% |
| Page Industries Ltd. | 0.02% | 0.06% |
| FSN E-Commerce Ventures Ltd. | 0.02% | 0.34% |
| Max Financial Services Ltd. | 0.11% | 0.02% |
| Wipro Ltd. | 0.08% | 0.02% |
| Max Healthcare Institute Ltd. | 0.07% | 0.02% |
| Angel One Ltd. | 0.07% | 0.02% |
| Prestige Estates Projects Ltd. | 0.04% | 0.02% |
| Godrej Consumer Products Ltd. | 0.04% | 0.02% |
| Polycab India Ltd. | 0.02% | 0.02% |
| L&T Finance Ltd. | 0.02% | 0.02% |
| Dabur India Ltd. | 0.02% | 0.03% |
| Amber Enterprises India Ltd. | 0.05% | 0.01% |
| Avenue Supermarts Ltd. | 0.05% | 0.01% |
| Lodha Developers Ltd. | 0.03% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.9% means 48.9% 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% |
| HDFC Bank Ltd. (15/02/2027) | 1.45% |
| Small Industries Development Bank of India (28/01/2027) | 1.36% |
Largest holdings only in Invesco India Arbitrage Fund
| Security | % of fund |
|---|---|
| Invesco India Money Market Fund - Direct Plan - Growth | 5.52% |
| Invesco India Liquid Fund - Direct Plan - Growth | 5.22% |
| Bank of Baroda 2027 | 0.96% |
| Small Industries Dev Bank of India 2027 | 0.96% |
| Invesco India Ultra Short to Short Term Fund - Direct Plan - Growth | 0.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Equity | 69.3% | 79.6% |
| Debt | 10.5% | 5.8% |
| Cash and others | 20.1% | 14.6% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Large Cap | 50.4% | 53.9% |
| Mid Cap | 15.6% | 20.6% |
| Small Cap | 3.4% | 5.0% |
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 | Invesco India Arbitrage |
|---|---|---|
| Banks | 16.4% | 23.3% |
| Finance | 4.5% | 6.1% |
| Telecom - Services | 5.8% | 5.1% |
| Petroleum Products | 3.9% | 4.4% |
| IT - Software | 1.5% | 3.6% |
| Pharmaceuticals & Biotechnology | 3.3% | 3.2% |
| Ferrous Metals | 3.2% | 2.3% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Arbitrage vs Invesco India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 2.20% |
| Base expense ratio (Direct) | 0.27% | 0.34% |
| Total expense ratio (Regular) | 1.94% | 2.87% |
| Base expense ratio (Regular) | 0.88% | 0.91% |
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
Compare Aditya Birla Sun Life Arbitrage with
Compare Invesco India Arbitrage with
Aditya Birla Sun Life Arbitrage Fund vs Invesco India Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Arbitrage Fund and Invesco India Arbitrage Fund?
Both are Arbitrage funds, run by Aditya Birla Sun Life Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 48.9%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Invesco India Arbitrage Fund 2.20%.
Which has given higher returns, Aditya Birla Sun Life Arbitrage Fund or Invesco India Arbitrage Fund?
Over 1 year: Aditya Birla Sun Life Arbitrage Fund +6.75%, Invesco India Arbitrage Fund +6.88%. Over 3 years: Aditya Birla Sun Life Arbitrage Fund +7.40% a year, Invesco India Arbitrage Fund +7.46% a year. Over 5 years: Aditya Birla Sun Life Arbitrage Fund +6.85% a year, Invesco India Arbitrage Fund +7.14% 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 Invesco India Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund charges less: 1.23% a year against 2.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Arbitrage Fund and Invesco India Arbitrage Fund overlap?
48.9%. They hold 171 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 Invesco India Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Arbitrage Fund is rated Low and Invesco India Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.07% and 1.09% a year.
Which is better for SIP, Aditya Birla Sun Life Arbitrage Fund or Invesco India 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 ₹7,35,975 in Invesco India Arbitrage Fund (XIRR 7.3% 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 Invesco India Arbitrage Fund?
Yes. 48.9% 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 Invesco India Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund: Lovelish Solanki, Mohit Sharma, Krina Mehta. Invesco India Arbitrage Fund: Deepak Gupta, Pradeep Sukte.
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.