Aditya Birla Sun Life Arbitrage Fund vs Nippon India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Arbitrage Fund and Nippon 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 Nippon India Arbitrage Fund (Direct) returned 7.3% a year. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Nippon India Arbitrage Fund 1.35% (Direct plans). Their portfolios overlap 49.9%: 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
Nippon India Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.35%
- NAV
- ₹31.21
Which is better, Aditya Birla Sun Life Arbitrage or Nippon 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.
- 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 1.35% (Direct plans).
- Nippon India 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 03-01-2013: −0.5% against −0.6%.
- Aditya Birla Sun Life Arbitrage is the larger fund: ₹26,933 Cr against ₹17,216 Cr.
- Their portfolios overlap 49.9%: 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
| Fact | Aditya Birla Sun Life Arbitrage Fund | Nippon India Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Nippon India Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹26,933 Cr (30-09-2026) | ₹17,216 Cr (30-09-2026) |
| NAV | ₹31.18 (Direct) | ₹31.21 (Direct) |
| Expense ratio (Direct) | 1.23% | 1.35% |
| Expense ratio (Regular) | 1.94% | 2.04% |
| Riskometer | Low | Not available |
| Benchmark | Nifty 50 Arbitrage TRI | Not available |
| Launch date | 24-07-2009 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Lovelish Solanki, Mohit Sharma, Krina Mehta | Not available |
| Exit load | Nil | Not available |
Aditya Birla Sun Life Arbitrage vs Nippon 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% |
| Nippon India Arbitrage Fund (Direct) | +0.52% | +1.54% | +3.29% | +6.71% | +7.28% | +6.83% | +6.47% |
| 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 Nippon India Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Arbitrage | Nippon IndiaNippon India Arbitrage |
|---|---|---|
| 2026to date | +5.49% | +5.47% |
| 2025 | +7.20% | +6.94% |
| 2024 | +8.30% | +8.23% |
| 2023 | +7.86% | +7.85% |
| 2022 | +4.80% | +4.94% |
| 2021 | +4.52% | +4.54% |
Aditya Birla Sun Life Arbitrage vs Nippon 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)
Nippon 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% |
| Nippon India Arbitrage | 0.0 | 9.3 | 90.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 6.9% | 4.6% | 9.0% |
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 03-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Arbitrage vs Nippon 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% |
| Nippon India ArbitrageNippon India Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,86,329 | ₹10,26,329 | 6.7% |
Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct)
Nippon India ArbitrageNippon 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 Nippon 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) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.71% |
| Standard deviation | 1.34% | 1.33% |
| Sharpe ratio | 1.13 | 1.10 |
| Sortino ratio | 1.77 | 1.71 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (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) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +7.28% |
| Standard deviation | 1.07% | 1.06% |
| Sharpe ratio | 1.29 | 1.18 |
| Sortino ratio | 2.00 | 1.81 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (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) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.85% | +6.83% |
| Standard deviation | 0.99% | 0.98% |
| Sharpe ratio | 1.07 | 1.05 |
| Sortino ratio | 1.64 | 1.61 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (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) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +7.06% |
| Standard deviation | 1.10% | 1.07% |
| Sharpe ratio | 0.84 | 0.95 |
| Sortino ratio | 1.31 | 1.44 |
| Maximum drawdown | −0.5% (25-03-2020) | −0.6% (25-03-2020) |
| 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)
Nippon 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% |
| Nippon India Arbitrage Fund (Direct) | −0.6% | 16-03-2020 | 25-03-2020 | 31-03-2020 | 6 days | −0.0% |
From daily values since 03-01-2013, 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)
Nippon 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)
Nippon 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)
Nippon India Arbitrage Fund (Direct)
Aditya Birla Sun Life Arbitrage vs Nippon India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; Nippon India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 49.9%
- Held by both
- 154
- Only in Aditya Birla Sun Life Arbitrage
- 46
- Only in Nippon India Arbitrage
- 15
| Security | % of Aditya Birla Sun Life Arbitrage | % of Nippon India Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 3.52% | 4.62% |
| ICICI Bank Ltd. | 3.37% | 4.21% |
| Reliance Industries Ltd. | 2.87% | 4.83% |
| Axis Bank Ltd. | 2.20% | 2.45% |
| State Bank of India | 1.60% | 2.02% |
| Vodafone Idea Ltd. | 2.35% | 1.34% |
| Larsen & Toubro Ltd. | 1.61% | 1.31% |
| Steel Authority of India Ltd. | 1.15% | 1.11% |
| Kotak Mahindra Bank Ltd. | 1.29% | 1.09% |
| JSW Steel Ltd. | 1.01% | 1.81% |
| Bharti Airtel Ltd. | 2.38% | 0.91% |
| Tata Steel Ltd. | 0.83% | 1.35% |
| Jio Financial Services Ltd. | 0.77% | 1.03% |
| Hindalco Industries Ltd. | 1.18% | 0.76% |
| Maruti Suzuki India Ltd. | 0.73% | 1.42% |
| TVS Motor Company Ltd. | 0.71% | 0.72% |
| Coal India Ltd. | 0.71% | 0.92% |
| Adani Enterprises Ltd. | 0.69% | 1.32% |
| Indus Towers Ltd. | 1.10% | 0.60% |
| Bajaj Finance Ltd. | 0.59% | 1.71% |
| IndusInd Bank Ltd. | 0.57% | 0.60% |
| APL Apollo Tubes Ltd. | 0.70% | 0.56% |
| NMDC Ltd. | 0.79% | 0.52% |
| Yes Bank Ltd. | 0.54% | 0.50% |
| Glenmark Pharmaceuticals Ltd. | 0.49% | 0.95% |
| Eicher Motors Ltd. | 0.62% | 0.48% |
| ITC Ltd. | 0.87% | 0.46% |
| Hindustan Zinc Ltd. | 0.76% | 0.46% |
| Ultratech Cement Ltd. | 0.52% | 0.45% |
| The Federal Bank Ltd. | 0.64% | 0.44% |
| Info Edge (India) Ltd. | 0.43% | 0.56% |
| Manappuram Finance Ltd. | 0.41% | 0.86% |
| Mahindra & Mahindra Ltd. | 0.39% | 0.51% |
| Canara Bank | 0.38% | 1.17% |
| Cummins India Ltd. | 0.38% | 0.76% |
| Coforge Ltd. | 0.39% | 0.36% |
| Adani Energy Solutions Ltd. | 0.35% | 1.04% |
| Sun Pharmaceutical Industries Ltd. | 0.35% | 0.41% |
| Infosys Ltd. | 0.35% | 0.68% |
| Crompton Greaves Consumer Electricals Ltd. | 0.35% | 0.33% |
| GE Vernova T&D India Ltd. | 0.34% | 0.32% |
| Muthoot Finance Ltd. | 0.32% | 0.37% |
| Indian Oil Corporation Ltd. | 0.31% | 0.32% |
| Grasim Industries Ltd. | 0.51% | 0.31% |
| Bandhan Bank Ltd. | 0.32% | 0.31% |
| Biocon Ltd. | 0.30% | 0.33% |
| Ambuja Cements Ltd. | 0.30% | 0.77% |
| AU Small Finance Bank Ltd. | 0.30% | 0.96% |
| Bank of Baroda | 0.29% | 0.45% |
| Cipla Ltd. | 0.31% | 0.29% |
| Power Finance Corporation Ltd. | 0.27% | 0.30% |
| Asian Paints Ltd. | 0.27% | 0.33% |
| Punjab National Bank | 0.26% | 0.47% |
| Kalyan Jewellers India Ltd. | 0.49% | 0.26% |
| HDFC Life Insurance Company Ltd. | 0.35% | 0.26% |
| Godrej Properties Ltd. | 0.26% | 0.38% |
| Alkem Laboratories Ltd. | 0.26% | 0.23% |
| Tata Consumer Products Ltd. | 0.23% | 0.32% |
| SBI Life Insurance Co. Ltd. | 0.22% | 0.27% |
| NTPC Ltd. | 1.19% | 0.22% |
| HDFC Asset Management Co. Ltd. | 0.22% | 0.24% |
| Container Corporation of India Ltd. | 0.22% | 0.27% |
| Bharat Heavy Electricals Ltd. | 0.21% | 0.44% |
| Divi's Laboratories Ltd. | 0.21% | 0.32% |
| Marico Ltd. | 0.19% | 0.45% |
| Adani Green Energy Ltd. | 0.19% | 0.46% |
| LIC Housing Finance Ltd. | 0.36% | 0.19% |
| Solar Industries India Ltd. | 0.29% | 0.19% |
| One 97 Communications Ltd. | 0.18% | 0.49% |
| Adani Power Ltd. | 0.18% | 0.29% |
| Ashok Leyland Ltd. | 0.39% | 0.18% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.34% | 0.18% |
| Patanjali Foods Ltd. | 0.17% | 0.38% |
| Tata Power Company Ltd. | 0.17% | 0.22% |
| Fortis Healthcare Ltd. | 0.17% | 0.26% |
| IDFC First Bank Ltd. | 0.17% | 0.41% |
| Varun Beverages Ltd. | 0.17% | 0.33% |
| Laurus Labs Ltd. | 0.17% | 0.16% |
| Hitachi Energy India Ltd. | 0.41% | 0.15% |
| Eternal Ltd. | 0.26% | 0.15% |
| Life Insurance Corporation of India | 0.15% | 0.47% |
| Supreme Industries Ltd. | 0.14% | 0.30% |
| Hindustan Unilever Ltd. | 0.14% | 0.36% |
| National Bank for Agriculture and Rural Development (17/03/2027) | 0.72% | 0.14% |
| Apollo Hospitals Enterprise Ltd. | 0.56% | 0.14% |
| Torrent Pharmaceuticals Ltd. | 0.39% | 0.14% |
| PNB Housing Finance Ltd. | 0.38% | 0.14% |
| RBL Bank Ltd. | 0.28% | 0.14% |
| Aurobindo Pharma Ltd. | 0.65% | 0.13% |
| Bharat Petroleum Corporation Ltd. | 0.51% | 0.13% |
| Titan Company Ltd. | 0.24% | 0.13% |
| Bank of India | 0.18% | 0.13% |
| Voltas Ltd. | 0.12% | 0.14% |
| Hindustan Aeronautics Ltd. | 0.52% | 0.12% |
| Aditya Birla Capital Ltd. | 0.40% | 0.12% |
| JSW Energy Ltd. | 0.27% | 0.12% |
| The Indian Hotels Company Ltd. | 0.11% | 0.38% |
| Tata Consultancy Services Ltd. | 0.38% | 0.11% |
| Sagility Ltd. | 0.14% | 0.11% |
| Delhivery Ltd. | 0.11% | 0.14% |
| Bajaj Auto Ltd. | 0.10% | 0.11% |
| Interglobe Aviation Ltd. | 0.55% | 0.10% |
| Oil & Natural Gas Corporation Ltd. | 0.41% | 0.10% |
| Shriram Finance Ltd. | 0.29% | 0.10% |
| Bosch Ltd. | 0.10% | 0.23% |
| The Phoenix Mills Ltd. | 0.10% | 0.10% |
| Union Bank of India | 0.21% | 0.09% |
| PG Electroplast Ltd. | 0.20% | 0.09% |
| ICICI Lombard General Insurance Company Ltd. | 0.15% | 0.09% |
| Bajaj Finserv Ltd. | 0.34% | 0.08% |
| Swiggy Ltd. | 0.34% | 0.08% |
| NBCC (India) Ltd. | 0.19% | 0.08% |
| Lupin Ltd. | 0.14% | 0.08% |
| Tata Motors Passenger Vehicles Ltd. | 0.07% | 0.20% |
| Bharat Electronics Ltd. | 0.39% | 0.07% |
| Samvardhana Motherson International Ltd. | 0.18% | 0.07% |
| Angel One Ltd. | 0.07% | 0.07% |
| Trent Ltd. | 0.07% | 0.10% |
| SRF Ltd. | 0.07% | 0.07% |
| Adani Ports and Special Economic Zone Ltd. | 0.39% | 0.06% |
| Nestle India Ltd. | 0.18% | 0.06% |
| Bank of Maharashtra | 0.10% | 0.06% |
| HCL Technologies Ltd. | 0.05% | 0.17% |
| Vedanta Ltd. | 1.08% | 0.05% |
| Jindal Steel Ltd. | 0.20% | 0.05% |
| GAIL (India) Ltd. | 0.11% | 0.05% |
| Bharat Forge Ltd. | 0.10% | 0.05% |
| Inox Wind Ltd. | 0.08% | 0.05% |
| Tech Mahindra Ltd. | 0.08% | 0.05% |
| Prestige Estates Projects Ltd. | 0.04% | 0.05% |
| Colgate Palmolive (India) Ltd. | 0.04% | 0.06% |
| Suzlon Energy Ltd. | 0.12% | 0.04% |
| Tube Investments of India Ltd. | 0.07% | 0.04% |
| SBI Cards & Payment Services Ltd. | 0.03% | 0.08% |
| PB Fintech Ltd. | 0.64% | 0.03% |
| Punjab National Bank (05/02/2027) | 0.18% | 0.03% |
| Hindustan Petroleum Corporation Ltd. | 0.18% | 0.03% |
| Radico Khaitan Ltd. | 0.14% | 0.03% |
| Avenue Supermarts Ltd. | 0.05% | 0.03% |
| KPIT Technologies Ltd. | 0.03% | 0.04% |
| Page Industries Ltd. | 0.02% | 0.03% |
| FSN E-Commerce Ventures Ltd. | 0.02% | 0.03% |
| National Aluminium Company Ltd. | 0.22% | 0.02% |
| CG Power and Industrial Solutions Ltd. | 0.04% | 0.02% |
| Lodha Developers Ltd. | 0.03% | 0.02% |
| Polycab India Ltd. | 0.02% | 0.02% |
| Dabur India Ltd. | 0.02% | 0.08% |
| United Spirits Ltd. | 0.44% | 0.01% |
| UPL Ltd. | 0.21% | 0.01% |
| GMR Airports Ltd. | 0.10% | 0.01% |
| Mphasis Ltd. | 0.06% | 0.01% |
| Oberoi Realty Ltd. | 0.03% | 0.01% |
| UNO Minda Ltd. | 0.01% | 0.01% |
| Ather Energy Ltd. | 0.01% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.9% means 49.9% 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 Nippon India Arbitrage Fund
| Security | % of fund |
|---|---|
| Nippon India Money Market Fund Dir Pl-Growth-Gr Op | 15.46% |
| Nippon India Ultra Short Term Fund- Dr Gr Op | 8.14% |
| Small Industries Dev Bank of India | 1.14% |
| National Bank For Agriculture and Rural Development | 0.84% |
| HDFC Bank Limited | 0.66% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Equity | 69.3% | 68.0% |
| Debt | 10.5% | 4.4% |
| Cash and others | 20.1% | 27.6% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Large Cap | 50.4% | 51.7% |
| Mid Cap | 15.6% | 13.7% |
| Small Cap | 3.4% | 2.6% |
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 | Nippon India Arbitrage |
|---|---|---|
| Banks | 16.4% | 20.1% |
| Telecom - Services | 5.8% | 2.9% |
| Petroleum Products | 3.9% | 5.3% |
| Finance | 4.5% | 5.2% |
| Ferrous Metals | 3.2% | 4.3% |
| Automobiles | 2.6% | 3.7% |
| Pharmaceuticals & Biotechnology | 3.3% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Arbitrage vs Nippon India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Arbitrage Fund | Nippon India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 1.35% |
| Base expense ratio (Direct) | 0.27% | 0.31% |
| Total expense ratio (Regular) | 1.94% | 2.04% |
| 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 Nippon India Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Arbitrage Fund and Nippon India Arbitrage Fund?
Both are Arbitrage funds, run by Aditya Birla Sun Life Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 49.9%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Nippon India Arbitrage Fund 1.35%.
Which has given higher returns, Aditya Birla Sun Life Arbitrage Fund or Nippon India Arbitrage Fund?
Over 1 year: Aditya Birla Sun Life Arbitrage Fund +6.75%, Nippon India Arbitrage Fund +6.71%. Over 3 years: Aditya Birla Sun Life Arbitrage Fund +7.40% a year, Nippon India Arbitrage Fund +7.28% a year. Over 5 years: Aditya Birla Sun Life Arbitrage Fund +6.85% a year, Nippon India Arbitrage Fund +6.83% 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 Nippon India Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund charges less: 1.23% a year against 1.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Arbitrage Fund and Nippon India Arbitrage Fund overlap?
49.9%. They hold 154 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Aditya Birla Sun Life Arbitrage Fund or Nippon 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 ₹7,31,798 in Nippon India 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 Nippon India Arbitrage Fund?
Yes. 49.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.