Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF
Direct Plan, Growth option · Data as on 29-10-2026
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF is a Fund of Funds fund and HDFC Income Plus Arbitrage Active FOF is a Fund of Funds fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF (Direct) returned 12.3% a year and HDFC Income Plus Arbitrage Active FOF (Direct) returned 9.1% a year. Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF charges 0.39% a year and HDFC Income Plus Arbitrage Active FOF 0.02% (Direct plans). Their portfolios overlap 11.8%: they hold 1 of the same security.
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF
Fund of Funds
- 3 year return
- 12.3%
- Expense ratio
- 0.39%
- NAV
- ₹60.15
HDFC Income Plus Arbitrage Active FOF
Fund of Funds
- 3 year return
- 9.1%
- Expense ratio
- 0.02%
- NAV
- ₹45.78
Which is better, Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF or HDFC Income Plus Arbitrage Active FOF? 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 Dynamic Asset Allocation Omni FOF returned more over 5 years: 10.8% a year against 10.2%.
- Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF returned more over 3 years: 12.3% a year against 9.1%.
- HDFC Income Plus Arbitrage Active FOF costs less: 0.02% a year against 0.39% (Direct plans).
- HDFC Income Plus Arbitrage Active FOF swung less over 3 years: a standard deviation of 4.7% a year against 10.4%.
- Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF fell less in its worst fall since 13-10-2014: −22.1% against −23.1%.
- HDFC Income Plus Arbitrage Active FOF is the larger fund: ₹2,647 Cr against ₹238 Cr.
- Their portfolios overlap 11.8%: 1 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 Dynamic Asset Allocation Omni FOF | HDFC Income Plus Arbitrage Active FOF |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | HDFC Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹238 Cr (30-09-2026) | ₹2,647 Cr (30-09-2026) |
| NAV | ₹60.15 (Direct) | ₹45.78 (Direct) |
| Expense ratio (Direct) | 0.39% | 0.02% |
| Expense ratio (Regular) | 1.17% | 0.34% |
| Riskometer | Very High | Moderate |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | 40% NIFTY 50 Arbitrage Index + 60% NIFTY Composite Debt Index |
| Launch date | 09-05-2011 | 06-02-2012 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Kartikeya Singh | Anil Bamboli |
| Exit load | Exit load of 1% if redeemed within 365 days. | NIL |
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF: 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 Dynamic Asset Allocation Omni FOF (Direct) | −1.55% | −3.39% | +0.55% | −1.11% | +12.31% | +10.75% | +12.02% |
| HDFC Income Plus Arbitrage Active FOF (Direct) | −0.01% | +0.43% | +2.54% | +4.76% | +9.07% | +10.16% | +11.08% |
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF: Year-wise Returns
| Year | Aditya Birla Sun Life Dynamic Asset Allocation OmniAditya Birla Sun Life Dynamic Asset Allocation Omni FOF | HDFC Income Plus Arbitrage ActiveHDFC Income Plus Arbitrage Active FOF |
|---|---|---|
| 2026to date | −1.35% | +3.84% |
| 2025 | +9.34% | +1.74% |
| 2024 | +17.81% | +13.77% |
| 2023 | +25.49% | +23.75% |
| 2022 | +4.48% | +8.19% |
| 2021 | +22.36% | +22.43% |
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,189 of them, one for each trading day from 13-10-2017 to 29-10-2026: 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 Dynamic Asset Allocation Omni FOF (Direct)
HDFC Income Plus Arbitrage Active FOF (Direct)
to
Jul 2018Jan 2017
to
Jan 2020Jul 2018
to
Jul 2021Feb 2020
to
Feb 2023Aug 2021
to
Aug 2024Feb 2023
to
Feb 2026
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 Dynamic Asset Allocation Omni FOF | 0.1 | 6.3 | 11.6 | 37.7 | 41.0 | 3.2 | 0.0 | 13.5% | 14.3% | −0.4% | 23.0% |
| HDFC Income Plus Arbitrage Active FOF | 1.3 | 5.0 | 21.4 | 42.7 | 25.4 | 4.1 | 0.0 | 12.4% | 12.9% | −1.9% | 24.9% |
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 13-10-2014. Past returns do not promise future returns.
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF: 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 13-10-2014 to 29-10-2026: 145 instalments, ₹14,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Dynamic Asset Allocation Omni FOFAditya Birla Sun Life Dynamic Asset Allocation Omni FOF (Direct) | ₹14,50,000 | ₹31,89,394 | ₹17,39,394 | 12.3% |
| HDFC Income Plus Arbitrage Active FOFHDFC Income Plus Arbitrage Active FOF (Direct) | ₹14,50,000 | ₹29,78,971 | ₹15,28,971 | 11.3% |
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOFAditya Birla Sun Life Dynamic Asset Allocation Omni FOF (Direct)
HDFC Income Plus Arbitrage Active FOFHDFC Income Plus Arbitrage Active FOF (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 Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF (Direct) | HDFC Income Plus Arbitrage Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | −1.11% | +4.76% |
| Standard deviation | 9.29% | 0.96% |
| Sharpe ratio | -0.68 | -0.50 |
| Sortino ratio | -0.91 | -0.71 |
| Maximum drawdown | −8.8% (30-03-2026) | −0.3% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 Dynamic Asset Allocation Omni FOF (Direct) | HDFC Income Plus Arbitrage Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +12.31% | +9.07% |
| Standard deviation | 10.41% | 4.75% |
| Sharpe ratio | 0.60 | 0.64 |
| Sortino ratio | 0.81 | 0.84 |
| Maximum drawdown | −13.6% (28-02-2025) | −7.3% (04-03-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-10-2023 to 29-10-2026. 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 Dynamic Asset Allocation Omni FOF (Direct) | HDFC Income Plus Arbitrage Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +10.75% | +10.16% |
| Standard deviation | 10.20% | 5.82% |
| Sharpe ratio | 0.49 | 0.75 |
| Sortino ratio | 0.65 | 0.99 |
| Maximum drawdown | −13.6% (28-02-2025) | −8.8% (20-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 29-10-2026. 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 Dynamic Asset Allocation Omni FOF (Direct) | HDFC Income Plus Arbitrage Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +12.25% | +11.22% |
| Standard deviation | 10.49% | 9.24% |
| Sharpe ratio | 0.62 | 0.59 |
| Sortino ratio | 0.85 | 0.78 |
| Maximum drawdown | −22.1% (23-03-2020) | −23.1% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 13-10-2014 to 29-10-2026. 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 Dynamic Asset Allocation Omni FOF (Direct)
HDFC Income Plus Arbitrage Active FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF (Direct) | −22.1% | 12-02-2020 | 23-03-2020 | 18-08-2020 | 5 months | −4.8% |
| HDFC Income Plus Arbitrage Active FOF (Direct) | −23.1% | 17-01-2020 | 23-03-2020 | 11-08-2020 | 5 months | −0.1% |
From daily values since 13-10-2014, 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 Dynamic Asset Allocation Omni FOF (Direct)
HDFC Income Plus Arbitrage Active FOF (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 Dynamic Asset Allocation Omni FOF (Direct)
HDFC Income Plus Arbitrage Active FOF (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 Dynamic Asset Allocation Omni FOF (Direct)
HDFC Income Plus Arbitrage Active FOF (Direct)
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF, September 2026; HDFC Income Plus Arbitrage Active FOF, September 2026
Holdings in common
- Overlap
- 11.8%
- Held by both
- 1
- Only in Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF
- 9
- Only in HDFC Income Plus Arbitrage Active FOF
- 2
| Security | % of Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF | % of HDFC Income Plus Arbitrage Active FOF |
|---|---|---|
| HDFC Corporate Bond Fund - Growth Option - Direct Plan | 11.79% | 44.63% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.8% means 11.8% 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 Dynamic Asset Allocation Omni FOF
| Security | % of fund |
|---|---|
| DSP Small Cap Fund - Direct Plan - Growth | 14.25% |
| Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth Option | 14.16% |
| Aditya Birla Sun Life Flexi Cap Fund - Growth - Direct Plan | 13.80% |
| Kotak Multicap Fund-Direct Plan-Growth | 12.53% |
| Aditya Birla Sun Life Short Term Fund - Direct Plan - Growth | 12.29% |
Largest holdings only in HDFC Income Plus Arbitrage Active FOF
| Security | % of fund |
|---|---|
| HDFC ARBITRAGE FUND - Direct Plan - Growth Option | 36.72% |
| HDFC Money Market Fund - Direct Plan - Growth Option | 16.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF | HDFC Income Plus Arbitrage Active FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF | HDFC Income Plus Arbitrage Active FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | 0.02% |
| Base expense ratio (Direct) | 0.33% | 0.02% |
| Total expense ratio (Regular) | 1.17% | 0.34% |
| Base expense ratio (Regular) | 0.99% | 0.29% |
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.
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF vs HDFC Income Plus Arbitrage Active FOF: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF and HDFC Income Plus Arbitrage Active FOF?
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF is a Fund of Funds fund, HDFC Income Plus Arbitrage Active FOF is a Fund of Funds fund, run by Aditya Birla Sun Life Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 11.8%. Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF charges 0.39% a year and HDFC Income Plus Arbitrage Active FOF 0.02%.
Which has given higher returns, Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF or HDFC Income Plus Arbitrage Active FOF?
Over 1 year: Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF −1.11%, HDFC Income Plus Arbitrage Active FOF +4.76%. Over 3 years: Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF +12.31% a year, HDFC Income Plus Arbitrage Active FOF +9.07% a year. Over 5 years: Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF +10.75% a year, HDFC Income Plus Arbitrage Active FOF +10.16% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF or HDFC Income Plus Arbitrage Active FOF?
HDFC Income Plus Arbitrage Active FOF charges less: 0.02% a year against 0.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF and HDFC Income Plus Arbitrage Active FOF overlap?
11.8%. They hold 1 of the same securities, the largest shared ones being HDFC Corporate Bond Fund - Growth Option - Direct Plan. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF or HDFC Income Plus Arbitrage Active FOF?
On SEBI's riskometer, Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF is rated Very High and HDFC Income Plus Arbitrage Active FOF Moderate. Over 3 years, the standard deviation of daily returns was 10.41% and 4.75% a year.
Which is better for SIP, Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF or HDFC Income Plus Arbitrage Active FOF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹7,92,480 in Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF (XIRR 10.3% a year) and ₹7,68,148 in HDFC Income Plus Arbitrage Active FOF (XIRR 9.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF and HDFC Income Plus Arbitrage Active FOF?
Yes. 11.8% 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 Dynamic Asset Allocation Omni FOF and HDFC Income Plus Arbitrage Active FOF?
Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF: Kartikeya Singh. HDFC Income Plus Arbitrage Active FOF: Anil Bamboli.
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.