Aditya Birla Sun Life Arbitrage Fund vs JioBlackRock Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Arbitrage Fund and JioBlackRock Arbitrage Fund are both Arbitrage funds. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and JioBlackRock Arbitrage Fund 1.99% (Direct plans). Their portfolios overlap 35.0%: they hold 115 of the same securities.
Aditya Birla Sun Life Arbitrage Fund
Arbitrage
- Expense ratio
- 1.23%
- NAV
- ₹31.18
Which is better, Aditya Birla Sun Life Arbitrage or JioBlackRock 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 costs less: 1.23% a year against 1.99% (Direct plans).
- JioBlackRock Arbitrage fell less in its worst fall since 19-12-2025: −0.4% against −0.5%.
- Aditya Birla Sun Life Arbitrage is the larger fund: ₹26,933 Cr against ₹558 Cr.
- Their portfolios overlap 35.0%: 115 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 | JioBlackRock Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹26,933 Cr (30-09-2026) | ₹558 Cr (30-09-2026) |
| NAV | ₹31.18 (Direct) | ₹10.61 (Direct) |
| Expense ratio (Direct) | 1.23% | 1.99% |
| Expense ratio (Regular) | 1.94% | 3.26% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage TRI |
| Launch date | 24-07-2009 | 21-08-2026 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Lovelish Solanki, Mohit Sharma, Krina Mehta | Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R |
| Exit load | Nil | Nil |
Aditya Birla Sun Life Arbitrage vs JioBlackRock 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% |
| JioBlackRock Arbitrage Fund (Direct) | +0.67% | +1.65% | +3.38% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Aditya Birla Sun Life Arbitrage vs JioBlackRock Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Arbitrage | JioBlackRockJioBlackRock Arbitrage |
|---|---|---|
| 2026to date | +5.49% | +5.76% |
| 2025 | +7.20% | -- |
| 2024 | +8.30% | -- |
| 2023 | +7.86% | -- |
| 2022 | +4.80% | -- |
| 2021 | +4.52% | -- |
Aditya Birla Sun Life Arbitrage vs JioBlackRock Arbitrage: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Arbitrage vs JioBlackRock 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) | JioBlackRock Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +7.01% |
| Standard deviation | 1.10% | 1.50% |
| Sharpe ratio | 0.84 | 1.19 |
| Sortino ratio | 1.31 | 1.84 |
| Maximum drawdown | −0.5% (25-03-2020) | −0.4% (06-08-2026) |
| 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)
JioBlackRock 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% | 03-08-2026 | 06-08-2026 | 31-08-2026 | 25 days | 0.0% |
| JioBlackRock Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | 0.0% |
From daily values since 19-12-2025, the first day every fund has.
Aditya Birla Sun Life Arbitrage vs JioBlackRock Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; JioBlackRock Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 35.0%
- Held by both
- 115
- Only in Aditya Birla Sun Life Arbitrage
- 85
- Only in JioBlackRock Arbitrage
- 6
| Security | % of Aditya Birla Sun Life Arbitrage | % of JioBlackRock Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 3.52% | 6.97% |
| ICICI Bank Ltd. | 3.37% | 7.14% |
| Reliance Industries Ltd. | 2.87% | 6.48% |
| Vodafone Idea Ltd. | 2.35% | 5.24% |
| State Bank of India | 1.60% | 2.14% |
| Axis Bank Ltd. | 2.20% | 1.22% |
| ITC Ltd. | 0.87% | 1.62% |
| Tata Steel Ltd. | 0.83% | 1.74% |
| NMDC Ltd. | 0.79% | 0.93% |
| Adani Enterprises Ltd. | 0.69% | 1.57% |
| The Federal Bank Ltd. | 0.64% | 1.09% |
| IndusInd Bank Ltd. | 0.57% | 0.70% |
| Yes Bank Ltd. | 0.54% | 2.42% |
| Bharti Airtel Ltd. | 2.38% | 0.54% |
| Coal India Ltd. | 0.71% | 0.51% |
| Hindalco Industries Ltd. | 1.18% | 0.41% |
| Manappuram Finance Ltd. | 0.41% | 0.64% |
| Bajaj Finance Ltd. | 0.59% | 0.40% |
| Torrent Pharmaceuticals Ltd. | 0.39% | 0.72% |
| Canara Bank | 0.38% | 4.85% |
| Cummins India Ltd. | 0.38% | 0.72% |
| Bharat Electronics Ltd. | 0.39% | 0.37% |
| Crompton Greaves Consumer Electricals Ltd. | 0.35% | 1.67% |
| Infosys Ltd. | 0.35% | 0.87% |
| Swiggy Ltd. | 0.34% | 1.19% |
| Mahindra & Mahindra Ltd. | 0.39% | 0.34% |
| APL Apollo Tubes Ltd. | 0.70% | 0.33% |
| Kalyan Jewellers India Ltd. | 0.49% | 0.31% |
| Sun Pharmaceutical Industries Ltd. | 0.35% | 0.31% |
| Multi Commodity Exchange of India Ltd. | 0.30% | 0.60% |
| Bank of Baroda | 0.29% | 1.22% |
| Tata Consultancy Services Ltd. | 0.38% | 0.29% |
| Power Finance Corporation Ltd. | 0.27% | 0.64% |
| Kotak Mahindra Bank Ltd. | 1.29% | 0.27% |
| Maruti Suzuki India Ltd. | 0.73% | 0.27% |
| Godrej Properties Ltd. | 0.26% | 0.70% |
| Ashok Leyland Ltd. | 0.39% | 0.25% |
| National Aluminium Company Ltd. | 0.22% | 0.29% |
| Container Corporation of India Ltd. | 0.22% | 0.34% |
| Hindustan Aeronautics Ltd. | 0.52% | 0.21% |
| Divi's Laboratories Ltd. | 0.21% | 0.40% |
| Oil & Natural Gas Corporation Ltd. | 0.41% | 0.21% |
| PG Electroplast Ltd. | 0.20% | 0.82% |
| Titan Company Ltd. | 0.24% | 0.19% |
| Adani Power Ltd. | 0.18% | 1.00% |
| IDFC First Bank Ltd. | 0.17% | 0.62% |
| Varun Beverages Ltd. | 0.17% | 0.93% |
| Life Insurance Corporation of India | 0.15% | 3.72% |
| BSE Ltd. | 0.15% | 0.34% |
| Aditya Birla Capital Ltd. | 0.40% | 0.15% |
| NTPC Ltd. | 1.19% | 0.15% |
| Radico Khaitan Ltd. | 0.14% | 0.16% |
| JSW Energy Ltd. | 0.27% | 0.14% |
| Lupin Ltd. | 0.14% | 0.26% |
| Jio Financial Services Ltd. | 0.77% | 0.14% |
| Marico Ltd. | 0.19% | 0.14% |
| Power Grid Corporation of India Ltd. | 0.13% | 0.14% |
| Biocon Ltd. | 0.30% | 0.13% |
| Indian Oil Corporation Ltd. | 0.31% | 0.13% |
| Hindustan Unilever Ltd. | 0.14% | 0.12% |
| Bharat Heavy Electricals Ltd. | 0.21% | 0.12% |
| LIC Housing Finance Ltd. | 0.36% | 0.11% |
| The Indian Hotels Company Ltd. | 0.11% | 0.18% |
| Punjab National Bank | 0.26% | 0.11% |
| Tata Power Company Ltd. | 0.17% | 0.11% |
| Delhivery Ltd. | 0.11% | 0.44% |
| Astral Ltd. | 0.10% | 0.43% |
| Aurobindo Pharma Ltd. | 0.65% | 0.10% |
| KEI Industries Ltd. | 0.10% | 0.77% |
| Indus Towers Ltd. | 1.10% | 0.09% |
| AU Small Finance Bank Ltd. | 0.30% | 0.09% |
| Computer Age Management Services Ltd. | 0.11% | 0.09% |
| Asian Paints Ltd. | 0.27% | 0.09% |
| Tech Mahindra Ltd. | 0.08% | 0.13% |
| Union Bank of India | 0.21% | 0.08% |
| Hindustan Petroleum Corporation Ltd. | 0.18% | 0.08% |
| Bajaj Auto Ltd. | 0.10% | 0.07% |
| SRF Ltd. | 0.07% | 0.40% |
| Steel Authority of India Ltd. | 1.15% | 0.06% |
| Info Edge (India) Ltd. | 0.43% | 0.06% |
| Tata Motors Passenger Vehicles Ltd. | 0.07% | 0.06% |
| GE Vernova T&D India Ltd. | 0.34% | 0.06% |
| Bajaj Finserv Ltd. | 0.34% | 0.06% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.34% | 0.05% |
| GAIL (India) Ltd. | 0.11% | 0.05% |
| Interglobe Aviation Ltd. | 0.55% | 0.05% |
| Fortis Healthcare Ltd. | 0.17% | 0.05% |
| UPL Ltd. | 0.21% | 0.05% |
| HDFC Life Insurance Company Ltd. | 0.35% | 0.05% |
| HCL Technologies Ltd. | 0.05% | 0.66% |
| HDFC Asset Management Co. Ltd. | 0.22% | 0.05% |
| RBL Bank Ltd. | 0.28% | 0.05% |
| Coforge Ltd. | 0.39% | 0.04% |
| Mphasis Ltd. | 0.06% | 0.04% |
| Samvardhana Motherson International Ltd. | 0.18% | 0.04% |
| Larsen & Toubro Ltd. | 1.61% | 0.04% |
| SBI Cards & Payment Services Ltd. | 0.03% | 0.12% |
| Oil India Ltd. | 0.08% | 0.03% |
| Indian Energy Exchange Ltd. | 0.14% | 0.03% |
| Tata Consumer Products Ltd. | 0.23% | 0.03% |
| Sagility Ltd. | 0.14% | 0.03% |
| Hitachi Energy India Ltd. | 0.41% | 0.03% |
| Suzlon Energy Ltd. | 0.12% | 0.03% |
| The Phoenix Mills Ltd. | 0.10% | 0.02% |
| DLF Ltd. | 0.06% | 0.02% |
| L&T Finance Ltd. | 0.02% | 0.05% |
| ICICI Lombard General Insurance Company Ltd. | 0.15% | 0.02% |
| JSW Steel Ltd. | 1.01% | 0.02% |
| Eternal Ltd. | 0.26% | 0.01% |
| Alkem Laboratories Ltd. | 0.26% | 0.01% |
| Ultratech Cement Ltd. | 0.52% | 0.01% |
| Colgate Palmolive (India) Ltd. | 0.04% | 0.01% |
| Tube Investments of India Ltd. | 0.07% | 0.01% |
| Inox Wind Ltd. | 0.08% | 0.01% |
| Voltas Ltd. | 0.12% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.0% means 35.0% 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 JioBlackRock Arbitrage Fund
| Security | % of fund |
|---|---|
| JioBlackRock Money Market Fund - Direct Plan - Growth Option | 11.16% |
| HDFC Bank Ltd (18-Jan-2027) | 4.39% |
| Canara Bank (28-Jan-2027) | 4.38% |
| JioBlackRock Liquid Fund - Direct Plan - Growth Option | 2.83% |
| Bajaj Holdings & Investment Ltd | 0.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Equity | 69.3% | 74.1% |
| Debt | 10.5% | 8.8% |
| Cash and others | 20.1% | 17.1% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Large Cap | 50.4% | 56.6% |
| Mid Cap | 15.6% | 13.5% |
| Small Cap | 3.4% | 3.9% |
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 | Aditya Birla Sun Life Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Banks | 16.4% | 29.0% |
| Petroleum Products | 3.9% | 6.7% |
| Telecom - Services | 5.8% | 5.9% |
| Finance | 4.5% | 2.5% |
| Insurance | 1.0% | 3.8% |
| Pharmaceuticals & Biotechnology | 3.3% | 1.9% |
| Ferrous Metals | 3.2% | 1.8% |
| Consumer Durables | 1.7% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Arbitrage vs JioBlackRock Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Arbitrage Fund | JioBlackRock Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 1.99% |
| Base expense ratio (Direct) | 0.27% | 0.28% |
| Total expense ratio (Regular) | 1.94% | 3.26% |
| Base expense ratio (Regular) | 0.88% | 0.90% |
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
Aditya Birla Sun Life Arbitrage Fund vs JioBlackRock Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Arbitrage Fund and JioBlackRock Arbitrage Fund?
Both are Arbitrage funds, run by Aditya Birla Sun Life Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 35.0%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and JioBlackRock Arbitrage Fund 1.99%.
Which has the lower expense ratio, Aditya Birla Sun Life Arbitrage Fund or JioBlackRock Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund charges less: 1.23% a year against 1.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Arbitrage Fund and JioBlackRock Arbitrage Fund overlap?
35.0%. They hold 115 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 JioBlackRock Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Arbitrage Fund is rated Low and JioBlackRock Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.10% and 1.50% a year.
Can I invest in both Aditya Birla Sun Life Arbitrage Fund and JioBlackRock Arbitrage Fund?
Yes. 35.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Arbitrage Fund and JioBlackRock Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund: Lovelish Solanki, Mohit Sharma, Krina Mehta. JioBlackRock Arbitrage Fund: Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R.
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.