Aditya Birla Sun Life Arbitrage Fund vs Old Bridge Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Arbitrage Fund and Old Bridge Arbitrage Fund are both Arbitrage funds. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Old Bridge Arbitrage Fund 1.09% (Direct plans). Their portfolios overlap 38.9%: they hold 91 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 Old Bridge Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Old Bridge Arbitrage costs less: 1.09% a year against 1.23% (Direct plans).
- Aditya Birla Sun Life Arbitrage fell less in its worst fall since 14-11-2025: −0.5% against −0.7%.
- Old Bridge Arbitrage holds more in large companies: 64.1% of the fund in large caps against 50.4%.
- Aditya Birla Sun Life Arbitrage is the larger fund: ₹26,933 Cr against ₹254 Cr.
- Their portfolios overlap 38.9%: 91 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 | Old Bridge Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Old Bridge Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹26,933 Cr (30-09-2026) | ₹254 Cr (30-09-2026) |
| NAV | ₹31.18 (Direct) | ₹10.62 (Direct) |
| Expense ratio (Direct) | 1.23% | 1.09% |
| Expense ratio (Regular) | 1.94% | 1.94% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage TRI |
| Launch date | 24-07-2009 | 13-11-2025 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Lovelish Solanki, Mohit Sharma, Krina Mehta | Kenneth Joseph Andrade |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 7 Days. |
Aditya Birla Sun Life Arbitrage vs Old Bridge 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% |
| Old Bridge Arbitrage Fund (Direct) | +0.55% | +1.49% | +3.19% | -- | -- | -- | -- |
| 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 Old Bridge Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Arbitrage | Old BridgeOld Bridge Arbitrage |
|---|---|---|
| 2026to date | +5.49% | +5.31% |
| 2025 | +7.20% | -- |
| 2024 | +8.30% | -- |
| 2023 | +7.86% | -- |
| 2022 | +4.80% | -- |
| 2021 | +4.52% | -- |
Aditya Birla Sun Life Arbitrage vs Old Bridge Arbitrage: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Arbitrage vs Old Bridge 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) | Old Bridge Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +6.43% |
| Standard deviation | 1.10% | 1.68% |
| Sharpe ratio | 0.84 | 0.71 |
| Sortino ratio | 1.31 | 1.06 |
| Maximum drawdown | −0.5% (25-03-2020) | −0.7% (29-05-2026) |
| 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)
Old Bridge 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% |
| Old Bridge Arbitrage Fund (Direct) | −0.7% | 18-05-2026 | 29-05-2026 | 04-06-2026 | 6 days | −0.1% |
From daily values since 14-11-2025, the first day every fund has.
Aditya Birla Sun Life Arbitrage vs Old Bridge Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; Old Bridge Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 38.9%
- Held by both
- 91
- Only in Aditya Birla Sun Life Arbitrage
- 109
- Only in Old Bridge Arbitrage
- 6
| Security | % of Aditya Birla Sun Life Arbitrage | % of Old Bridge Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 3.52% | 4.76% |
| ICICI Bank Ltd. | 3.37% | 5.25% |
| Reliance Industries Ltd. | 2.87% | 5.43% |
| Bharti Airtel Ltd. | 2.38% | 3.72% |
| Axis Bank Ltd. | 2.20% | 2.36% |
| State Bank of India | 1.60% | 1.33% |
| Hindalco Industries Ltd. | 1.18% | 1.22% |
| Indus Towers Ltd. | 1.10% | 3.73% |
| JSW Steel Ltd. | 1.01% | 1.47% |
| Tata Steel Ltd. | 0.83% | 2.44% |
| Larsen & Toubro Ltd. | 1.61% | 0.80% |
| Jio Financial Services Ltd. | 0.77% | 1.23% |
| Coal India Ltd. | 0.71% | 0.79% |
| APL Apollo Tubes Ltd. | 0.70% | 0.88% |
| The Federal Bank Ltd. | 0.64% | 0.72% |
| Kotak Mahindra Bank Ltd. | 1.29% | 0.59% |
| Apollo Hospitals Enterprise Ltd. | 0.56% | 1.05% |
| Ultratech Cement Ltd. | 0.52% | 1.36% |
| Hindustan Aeronautics Ltd. | 0.52% | 1.21% |
| Glenmark Pharmaceuticals Ltd. | 0.49% | 1.76% |
| Bajaj Finance Ltd. | 0.59% | 0.48% |
| NTPC Ltd. | 1.19% | 0.42% |
| Yes Bank Ltd. | 0.54% | 0.39% |
| Canara Bank | 0.38% | 1.18% |
| ITC Ltd. | 0.87% | 0.38% |
| LIC Housing Finance Ltd. | 0.36% | 1.11% |
| Sun Pharmaceutical Industries Ltd. | 0.35% | 0.58% |
| HDFC Life Insurance Company Ltd. | 0.35% | 0.84% |
| Crompton Greaves Consumer Electricals Ltd. | 0.35% | 0.64% |
| Bajaj Finserv Ltd. | 0.34% | 0.80% |
| Swiggy Ltd. | 0.34% | 0.65% |
| Multi Commodity Exchange of India Ltd. | 0.30% | 0.82% |
| Biocon Ltd. | 0.30% | 0.55% |
| Ambuja Cements Ltd. | 0.30% | 0.44% |
| Bank of Baroda | 0.29% | 0.90% |
| NMDC Ltd. | 0.79% | 0.29% |
| Shriram Finance Ltd. | 0.29% | 2.97% |
| Power Finance Corporation Ltd. | 0.27% | 0.88% |
| Asian Paints Ltd. | 0.27% | 0.43% |
| Punjab National Bank | 0.26% | 1.46% |
| IndusInd Bank Ltd. | 0.57% | 0.25% |
| Godrej Properties Ltd. | 0.26% | 0.25% |
| Bharat Electronics Ltd. | 0.39% | 0.24% |
| Tata Consumer Products Ltd. | 0.23% | 1.30% |
| HDFC Asset Management Co. Ltd. | 0.22% | 1.89% |
| Bharat Heavy Electricals Ltd. | 0.21% | 1.93% |
| Divi's Laboratories Ltd. | 0.21% | 1.28% |
| Grasim Industries Ltd. | 0.51% | 0.21% |
| Union Bank of India | 0.21% | 0.27% |
| UPL Ltd. | 0.21% | 0.20% |
| Jindal Steel Ltd. | 0.20% | 0.48% |
| Marico Ltd. | 0.19% | 0.19% |
| Eternal Ltd. | 0.26% | 0.18% |
| Bank of India | 0.18% | 0.51% |
| Tata Power Company Ltd. | 0.17% | 1.52% |
| Fortis Healthcare Ltd. | 0.17% | 0.42% |
| IDFC First Bank Ltd. | 0.17% | 2.23% |
| Varun Beverages Ltd. | 0.17% | 0.96% |
| Ashok Leyland Ltd. | 0.39% | 0.15% |
| Hindustan Unilever Ltd. | 0.14% | 0.56% |
| Oil & Natural Gas Corporation Ltd. | 0.41% | 0.14% |
| Infosys Ltd. | 0.35% | 0.14% |
| Power Grid Corporation of India Ltd. | 0.13% | 0.60% |
| The Indian Hotels Company Ltd. | 0.11% | 0.83% |
| GAIL (India) Ltd. | 0.11% | 0.48% |
| Info Edge (India) Ltd. | 0.43% | 0.11% |
| Delhivery Ltd. | 0.11% | 0.13% |
| Pidilite Industries Ltd. | 0.11% | 0.20% |
| GMR Airports Ltd. | 0.10% | 0.39% |
| Bharat Forge Ltd. | 0.10% | 0.49% |
| United Spirits Ltd. | 0.44% | 0.09% |
| The Phoenix Mills Ltd. | 0.10% | 0.08% |
| Maruti Suzuki India Ltd. | 0.73% | 0.07% |
| Adani Ports and Special Economic Zone Ltd. | 0.39% | 0.07% |
| Mahindra & Mahindra Ltd. | 0.39% | 0.07% |
| Container Corporation of India Ltd. | 0.22% | 0.07% |
| SRF Ltd. | 0.07% | 0.08% |
| DLF Ltd. | 0.06% | 0.33% |
| SBI Life Insurance Co. Ltd. | 0.22% | 0.05% |
| Inox Wind Ltd. | 0.08% | 0.05% |
| CG Power and Industrial Solutions Ltd. | 0.04% | 0.29% |
| Colgate Palmolive (India) Ltd. | 0.04% | 0.11% |
| Aurobindo Pharma Ltd. | 0.65% | 0.04% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.34% | 0.04% |
| AU Small Finance Bank Ltd. | 0.30% | 0.04% |
| Godrej Consumer Products Ltd. | 0.04% | 0.25% |
| Interglobe Aviation Ltd. | 0.55% | 0.03% |
| Bharat Petroleum Corporation Ltd. | 0.51% | 0.02% |
| Indian Energy Exchange Ltd. | 0.14% | 0.02% |
| Dabur India Ltd. | 0.02% | 0.47% |
| PB Fintech Ltd. | 0.64% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.9% means 38.9% 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% |
| Vodafone Idea Ltd. | 2.35% |
| HDFC Bank Ltd. (15/02/2027) | 1.45% |
Largest holdings only in Old Bridge Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill (MD 13/05/2027) | 5.70% |
| 182 Days Tbill (MD 19/11/2026) | 1.96% |
| 364 Days Tbill (MD 17/12/2026) | 1.95% |
| 182 Days Tbill (MD 04/02/2027) | 1.93% |
| ICICI Prudential Life Insurance Company Limited | 0.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Arbitrage | Old Bridge Arbitrage |
|---|---|---|
| Equity | 69.3% | 79.4% |
| Debt | 10.5% | 11.5% |
| Cash and others | 20.1% | 9.1% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Arbitrage | Old Bridge Arbitrage |
|---|---|---|
| Large Cap | 50.4% | 64.1% |
| Mid Cap | 15.6% | 13.3% |
| Small Cap | 3.4% | 1.9% |
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 | Old Bridge Arbitrage |
|---|---|---|
| Banks | 16.4% | 22.2% |
| Finance | 4.5% | 7.5% |
| Telecom - Services | 5.8% | 7.5% |
| Petroleum Products | 3.9% | 5.5% |
| Ferrous Metals | 3.2% | 4.4% |
| Pharmaceuticals & Biotechnology | 3.3% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Arbitrage vs Old Bridge Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Arbitrage Fund | Old Bridge Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 1.09% |
| Base expense ratio (Direct) | 0.27% | 0.12% |
| Total expense ratio (Regular) | 1.94% | 1.94% |
| Base expense ratio (Regular) | 0.88% | 0.84% |
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 Old Bridge Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Arbitrage Fund and Old Bridge Arbitrage Fund?
Both are Arbitrage funds, run by Aditya Birla Sun Life Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 38.9%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Old Bridge Arbitrage Fund 1.09%.
Which has the lower expense ratio, Aditya Birla Sun Life Arbitrage Fund or Old Bridge Arbitrage Fund?
Old Bridge Arbitrage Fund charges less: 1.09% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Arbitrage Fund and Old Bridge Arbitrage Fund overlap?
38.9%. They hold 91 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 Old Bridge Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Arbitrage Fund is rated Low and Old Bridge Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.10% and 1.68% a year.
Can I invest in both Aditya Birla Sun Life Arbitrage Fund and Old Bridge Arbitrage Fund?
Yes. 38.9% 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 Old Bridge Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund: Lovelish Solanki, Mohit Sharma, Krina Mehta. Old Bridge Arbitrage Fund: Kenneth Joseph Andrade.
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.