Aditya Birla Sun Life Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni FOF
Direct Plan, Growth option · Data as on 29-10-2026
Aditya Birla Sun Life Income plus Arbitrage Active FOF is a Fund of Funds fund and Axis Income Plus Arbitrage Omni FOF is a Fund of Funds fund. In the 3 years to 29-10-2026, Aditya Birla Sun Life Income plus Arbitrage Active FOF (Direct) returned 7.1% a year and Axis Income Plus Arbitrage Omni FOF (Direct) returned 7.8% a year. Aditya Birla Sun Life Income plus Arbitrage Active FOF charges 0.06% a year and Axis Income Plus Arbitrage Omni FOF 0.06% (Direct plans). Their portfolios overlap 13.6%: they hold 1 of the same security.
Aditya Birla Sun Life Income plus Arbitrage Active FOF
Fund of Funds
- 3 year return
- 7.1%
- Expense ratio
- 0.06%
- NAV
- ₹42.29
Axis Income Plus Arbitrage Omni FOF
Fund of Funds
- 3 year return
- 7.8%
- Expense ratio
- 0.06%
- NAV
- ₹15.76
Which is better, Aditya Birla Sun Life Income plus Arbitrage Active FOF or Axis Income Plus Arbitrage Omni FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Income Plus Arbitrage Omni FOF returned more over 5 years: 6.6% a year against 6.2%.
- Axis Income Plus Arbitrage Omni FOF returned more over 3 years: 7.8% a year against 7.1%.
- Aditya Birla Sun Life Income plus Arbitrage Active FOF swung less over 3 years: a standard deviation of 1.5% a year against 1.6%.
- Axis Income Plus Arbitrage Omni FOF fell less in its worst fall since 31-01-2020: −2.8% against −10.1%.
- Axis Income Plus Arbitrage Omni FOF is the larger fund: ₹2,222 Cr against ₹1,046 Cr.
- Their portfolios overlap 13.6%: 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 Income plus Arbitrage Active FOF | Axis Income Plus Arbitrage Omni FOF |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Axis Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹1,046 Cr (30-09-2026) | ₹2,222 Cr (30-09-2026) |
| NAV | ₹42.29 (Direct) | ₹15.76 (Direct) |
| Expense ratio (Direct) | 0.06% | 0.06% |
| Expense ratio (Regular) | 0.42% | 0.54% |
| Riskometer | Moderate | Moderate |
| Benchmark | 60% CRISIL Short Term Bond Fund Index + 40% Nifty 50 Arbitrage TRI | 65% NIFTY Composite Debt Index +35% Nifty 50 Arbitrage TRI |
| Launch date | 29-12-2006 | 28-01-2020 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Kaustubh Gupta, Harshil Suvarnkar | Devang Shah, Hardik Shah, Anagha Darade |
| Exit load | NIL | Nil |
Aditya Birla Sun Life Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni FOF: Returns Comparison
Returns as on 29-10-2026. 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 Income plus Arbitrage Active FOF (Direct) | +0.17% | +0.61% | +2.51% | +4.70% | +7.08% | +6.19% | +6.59% |
| Axis Income Plus Arbitrage Omni FOF (Direct) | +0.20% | +0.63% | +2.64% | +5.16% | +7.84% | +6.60% | -- |
Aditya Birla Sun Life Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni FOF: Year-wise Returns
| Year | Aditya Birla Sun Life Income plus Arbitrage ActiveAditya Birla Sun Life Income plus Arbitrage Active FOF | Axis Income Plus Arbitrage OmniAxis Income Plus Arbitrage Omni FOF |
|---|---|---|
| 2026to date | +3.82% | +4.22% |
| 2025 | +7.96% | +8.19% |
| 2024 | +7.97% | +9.07% |
| 2023 | +7.17% | +7.03% |
| 2022 | +3.48% | +3.91% |
| 2021 | +4.98% | +5.22% |
Aditya Birla Sun Life Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni FOF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 906 of them, one for each trading day from 31-01-2023 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 Income plus Arbitrage Active FOF (Direct)
Axis Income Plus Arbitrage Omni FOF (Direct)
to
May 2023Jan 2021
to
Jan 2024Aug 2021
to
Aug 2024Apr 2022
to
Apr 2025Dec 2022
to
Dec 2025Jul 2023
to
Jul 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 Income plus Arbitrage Active FOF | 0.0 | 2.9 | 97.1 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.3% | 2.5% | 8.0% |
| Axis Income Plus Arbitrage Omni FOF | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 6.7% | 5.1% | 8.5% |
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 31-01-2020. Past returns do not promise future returns.
Aditya Birla Sun Life Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni 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 01-01-2020 to 29-10-2026: 82 instalments, ₹8,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Income plus Arbitrage Active FOFAditya Birla Sun Life Income plus Arbitrage Active FOF (Direct) | ₹8,20,000 | ₹10,23,759 | ₹2,03,759 | 6.4% |
| Axis Income Plus Arbitrage Omni FOFAxis Income Plus Arbitrage Omni FOF (Direct) | ₹8,20,000 | ₹10,38,953 | ₹2,18,953 | 6.8% |
Aditya Birla Sun Life Income plus Arbitrage Active FOFAditya Birla Sun Life Income plus Arbitrage Active FOF (Direct)
Axis Income Plus Arbitrage Omni FOFAxis Income Plus Arbitrage Omni 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 Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni 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 Income plus Arbitrage Active FOF (Direct) | Axis Income Plus Arbitrage Omni FOF (Direct) |
|---|---|---|
| Return (CAGR) | +4.70% | +5.16% |
| Standard deviation | 0.94% | 0.95% |
| Sharpe ratio | -0.57 | -0.08 |
| Sortino ratio | -0.79 | -0.11 |
| Maximum drawdown | −0.3% (27-03-2026) | −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 Income plus Arbitrage Active FOF (Direct) | Axis Income Plus Arbitrage Omni FOF (Direct) |
|---|---|---|
| Return (CAGR) | +7.08% | +7.84% |
| Standard deviation | 1.51% | 1.58% |
| Sharpe ratio | 0.69 | 1.15 |
| Sortino ratio | 1.05 | 1.67 |
| Maximum drawdown | −0.6% (25-02-2025) | −0.8% (07-10-2024) |
| 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 Income plus Arbitrage Active FOF (Direct) | Axis Income Plus Arbitrage Omni FOF (Direct) |
|---|---|---|
| Return (CAGR) | +6.19% | +6.60% |
| Standard deviation | 1.28% | 1.49% |
| Sharpe ratio | 0.31 | 0.54 |
| Sortino ratio | 0.45 | 0.76 |
| Maximum drawdown | −1.2% (06-05-2022) | −1.1% (06-05-2022) |
| 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 Income plus Arbitrage Active FOF (Direct) | Axis Income Plus Arbitrage Omni FOF (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +6.97% |
| Standard deviation | 4.56% | 1.87% |
| Sharpe ratio | 0.39 | 0.98 |
| Sortino ratio | 0.48 | 1.55 |
| Maximum drawdown | −10.1% (02-07-2021) | −2.8% (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 Income plus Arbitrage Active FOF (Direct)
Axis Income Plus Arbitrage Omni 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 Income plus Arbitrage Active FOF (Direct) | −10.1% | 30-06-2021 | 02-07-2021 | 22-09-2023 | 27 months | −0.1% |
| Axis Income Plus Arbitrage Omni FOF (Direct) | −2.8% | 09-03-2020 | 23-03-2020 | 20-04-2020 | 28 days | −0.1% |
From daily values since 31-01-2020, 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 Income plus Arbitrage Active FOF (Direct)
Axis Income Plus Arbitrage Omni 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 Income plus Arbitrage Active FOF (Direct)
Axis Income Plus Arbitrage Omni 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 Income plus Arbitrage Active FOF (Direct)
Axis Income Plus Arbitrage Omni FOF (Direct)
Aditya Birla Sun Life Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Income plus Arbitrage Active FOF, September 2026; Axis Income Plus Arbitrage Omni FOF, September 2026
Holdings in common
- Overlap
- 13.6%
- Held by both
- 1
- Only in Aditya Birla Sun Life Income plus Arbitrage Active FOF
- 4
- Only in Axis Income Plus Arbitrage Omni FOF
- 5
| Security | % of Aditya Birla Sun Life Income plus Arbitrage Active FOF | % of Axis Income Plus Arbitrage Omni FOF |
|---|---|---|
| Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan | 36.68% | 13.55% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.6% means 13.6% 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 Income plus Arbitrage Active FOF
| Security | % of fund |
|---|---|
| Aditya Birla Sun Life Banking & PSU Debt Fund- Direct Plan-Growth | 25.44% |
| Aditya Birla Sun Life Floating Interest Rate Fund-Direct Plan-Growth | 23.24% |
| Aditya Birla Sun Life Corporate Bond Fund - Growth - Direct Plan | 10.90% |
| Aditya Birla Sun Life Liquid Fund Direct Plan Growth | 3.36% |
Largest holdings only in Axis Income Plus Arbitrage Omni FOF
| Security | % of fund |
|---|---|
| Axis Corporate Bond Fund - Direct Plan Growth | 40.08% |
| Axis Arbitrage Fund Direct Plan Growth | 23.63% |
| Kotak Arbitrage Fund - Growth - Direct | 9.18% |
| Nippon India Corporate Bond Fund - Direct Plan-Growth Plan | 9.12% |
| Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth option | 1.86% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Income plus Arbitrage Active FOF | Axis Income Plus Arbitrage Omni FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Aditya Birla Sun Life Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Income plus Arbitrage Active FOF | Axis Income Plus Arbitrage Omni FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.06% | 0.06% |
| Base expense ratio (Direct) | 0.05% | 0.05% |
| Total expense ratio (Regular) | 0.42% | 0.54% |
| Base expense ratio (Regular) | 0.36% | 0.45% |
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 Income plus Arbitrage Active FOF vs Axis Income Plus Arbitrage Omni FOF: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Income plus Arbitrage Active FOF and Axis Income Plus Arbitrage Omni FOF?
Aditya Birla Sun Life Income plus Arbitrage Active FOF is a Fund of Funds fund, Axis Income Plus Arbitrage Omni FOF is a Fund of Funds fund, run by Aditya Birla Sun Life Mutual Fund and Axis Mutual Fund. Their portfolios overlap 13.6%. Aditya Birla Sun Life Income plus Arbitrage Active FOF charges 0.06% a year and Axis Income Plus Arbitrage Omni FOF 0.06%.
Which has given higher returns, Aditya Birla Sun Life Income plus Arbitrage Active FOF or Axis Income Plus Arbitrage Omni FOF?
Over 1 year: Aditya Birla Sun Life Income plus Arbitrage Active FOF +4.70%, Axis Income Plus Arbitrage Omni FOF +5.16%. Over 3 years: Aditya Birla Sun Life Income plus Arbitrage Active FOF +7.08% a year, Axis Income Plus Arbitrage Omni FOF +7.84% a year. Over 5 years: Aditya Birla Sun Life Income plus Arbitrage Active FOF +6.19% a year, Axis Income Plus Arbitrage Omni FOF +6.60% a year. As on 29-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Income plus Arbitrage Active FOF or Axis Income Plus Arbitrage Omni FOF?
Both charge 0.06% a year.
How much do Aditya Birla Sun Life Income plus Arbitrage Active FOF and Axis Income Plus Arbitrage Omni FOF overlap?
13.6%. They hold 1 of the same securities, the largest shared ones being Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Income plus Arbitrage Active FOF or Axis Income Plus Arbitrage Omni FOF?
On SEBI's riskometer, Aditya Birla Sun Life Income plus Arbitrage Active FOF is rated Moderate and Axis Income Plus Arbitrage Omni FOF Moderate. Over 3 years, the standard deviation of daily returns was 1.51% and 1.58% a year.
Which is better for SIP, Aditya Birla Sun Life Income plus Arbitrage Active FOF or Axis Income Plus Arbitrage Omni FOF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹7,21,415 in Aditya Birla Sun Life Income plus Arbitrage Active FOF (XIRR 6.6% a year) and ₹7,29,810 in Axis Income Plus Arbitrage Omni FOF (XIRR 7.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Income plus Arbitrage Active FOF and Axis Income Plus Arbitrage Omni FOF?
Yes. 13.6% 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 Income plus Arbitrage Active FOF and Axis Income Plus Arbitrage Omni FOF?
Aditya Birla Sun Life Income plus Arbitrage Active FOF: Kaustubh Gupta, Harshil Suvarnkar. Axis Income Plus Arbitrage Omni FOF: Devang Shah, Hardik Shah, Anagha Darade.
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.