Aditya Birla Sun Life Msci India ETF vs Bajaj Finserv Arbitrage Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Msci India ETF is an ETF fund and Bajaj Finserv Arbitrage Fund is an Arbitrage fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Bajaj Finserv Arbitrage Fund 1.29%. Their portfolios overlap 49.3%: they hold 92 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Which is better, Aditya Birla Sun Life Msci India ETF or Bajaj Finserv 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 Msci India ETF costs less: 0.22% a year against 1.29%.
- Bajaj Finserv Arbitrage fell less in its worst fall since 20-02-2026: −0.4% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 52.9%.
- Bajaj Finserv Arbitrage is the larger fund: ₹1,375 Cr against ₹11 Cr.
- Their portfolios overlap 49.3%: 92 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 Msci India ETF | Bajaj Finserv Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Bajaj Finserv Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹11 Cr (30-09-2026) | ₹1,375 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹12.36 (Direct) |
| Expense ratio (Direct) | Not available | 1.29% |
| Expense ratio (Regular) | Not available | 1.99% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India Index | Nifty 50 Arbitrage TRI |
| Launch date | 17-02-2026 | 15-09-2023 |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | ₹500 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Ilesh Savla, Siddharth Chaudhary |
| Exit load | NIL | Entry load – not applicable Exit load – 0.25% of applicable NAV if redeemed/switched out within 15 days from the date of allotment. Nil if redeemed/switched out after 15 days from the date of allotment. |
Aditya Birla Sun Life Msci India ETF vs Bajaj Finserv 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 Msci India ETF | +0.29% | −5.96% | −3.50% | -- | -- | -- | -- |
| Bajaj Finserv Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.18% | +6.61% | +6.98% | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Bajaj Finserv Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Bajaj Finserv ArbitrageBajaj Finserv Arbitrage |
|---|---|---|
| 2026to date | -- | +5.41% |
| 2025 | -- | +6.75% |
| 2024 | -- | +7.61% |
Aditya Birla Sun Life Msci India ETF vs Bajaj Finserv Arbitrage: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Bajaj Finserv 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 Msci India ETF | Bajaj Finserv Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +7.00% |
| Standard deviation | 15.37% | 1.08% |
| Sharpe ratio | -1.03 | 0.87 |
| Sortino ratio | -1.35 | 1.33 |
| Maximum drawdown | −12.5% (31-03-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-02-2026 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 Msci India ETF
Bajaj Finserv 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 Msci India ETF | −12.5% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −7.9% |
| Bajaj Finserv Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Bajaj Finserv Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Bajaj Finserv Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 49.3%
- Held by both
- 92
- Only in Aditya Birla Sun Life Msci India ETF
- 73
- Only in Bajaj Finserv Arbitrage
- 31
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Bajaj Finserv Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 6.44% | 6.18% |
| ICICI Bank Ltd. | 5.59% | 6.41% |
| Reliance Industries Ltd. | 5.44% | 5.21% |
| Bharti Airtel Ltd. | 3.93% | 2.08% |
| Bajaj Finance Ltd. | 1.91% | 2.36% |
| Axis Bank Ltd. | 2.25% | 1.35% |
| State Bank of India | 1.41% | 1.22% |
| NTPC Ltd. | 1.12% | 1.39% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.08% |
| Bharat Electronics Ltd. | 1.07% | 1.31% |
| Hindalco Industries Ltd. | 0.97% | 1.05% |
| Larsen & Toubro Ltd. | 2.02% | 0.95% |
| Tata Steel Ltd. | 1.10% | 0.83% |
| Infosys Ltd. | 2.41% | 0.80% |
| Maruti Suzuki India Ltd. | 1.13% | 0.72% |
| Kotak Mahindra Bank Ltd. | 1.82% | 0.71% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.73% |
| ITC Ltd. | 0.63% | 0.84% |
| Adani Enterprises Ltd. | 0.59% | 0.86% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 0.55% |
| Cipla Ltd. | 0.54% | 0.62% |
| BSE Ltd. | 0.49% | 0.56% |
| The Federal Bank Ltd. | 0.46% | 0.58% |
| The Indian Hotels Company Ltd. | 0.48% | 0.46% |
| Jio Financial Services Ltd. | 0.46% | 0.82% |
| IndusInd Bank Ltd. | 0.41% | 0.59% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.42% |
| Bharat Heavy Electricals Ltd. | 0.40% | 0.55% |
| AU Small Finance Bank Ltd. | 0.45% | 0.40% |
| Indus Towers Ltd. | 0.37% | 0.60% |
| Solar Industries India Ltd. | 0.36% | 0.55% |
| Hindustan Unilever Ltd. | 1.06% | 0.35% |
| Ashok Leyland Ltd. | 0.34% | 0.62% |
| Power Finance Corporation Ltd. | 0.34% | 0.58% |
| Tata Consultancy Services Ltd. | 1.33% | 0.33% |
| Bajaj Finserv Ltd. | 0.53% | 0.33% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 0.66% |
| PB Fintech Ltd. | 0.29% | 0.74% |
| Suzlon Energy Ltd. | 0.32% | 0.29% |
| Eternal Ltd. | 1.22% | 0.28% |
| Samvardhana Motherson International Ltd. | 0.55% | 0.28% |
| Tata Power Company Ltd. | 0.43% | 0.28% |
| IDFC First Bank Ltd. | 0.27% | 1.62% |
| Shriram Finance Ltd. | 1.11% | 0.27% |
| Vodafone Idea Ltd. | 0.27% | 0.85% |
| SBI Life Insurance Co. Ltd. | 0.61% | 0.26% |
| Trent Ltd. | 0.56% | 0.25% |
| Yes Bank Ltd. | 0.25% | 0.58% |
| Eicher Motors Ltd. | 0.78% | 0.24% |
| HCL Technologies Ltd. | 0.86% | 0.23% |
| TVS Motor Company Ltd. | 0.78% | 0.23% |
| Aditya Birla Capital Ltd. | 0.23% | 0.57% |
| Coal India Ltd. | 0.52% | 0.21% |
| Punjab National Bank | 0.21% | 1.10% |
| Laurus Labs Ltd. | 0.55% | 0.20% |
| Marico Ltd. | 0.33% | 0.20% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.19% |
| Pidilite Industries Ltd. | 0.33% | 0.19% |
| Mphasis Ltd. | 0.20% | 0.19% |
| NMDC Ltd. | 0.19% | 0.95% |
| Ambuja Cements Ltd. | 0.18% | 0.20% |
| Godrej Properties Ltd. | 0.18% | 0.32% |
| Canara Bank | 0.17% | 2.44% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.16% |
| Adani Energy Solutions Ltd. | 0.22% | 0.14% |
| Tube Investments of India Ltd. | 0.19% | 0.14% |
| Adani Power Ltd. | 0.53% | 0.13% |
| Fortis Healthcare Ltd. | 0.30% | 0.13% |
| Supreme Industries Ltd. | 0.17% | 0.13% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.12% |
| Avenue Supermarts Ltd. | 0.44% | 0.12% |
| Voltas Ltd. | 0.17% | 0.12% |
| HDFC Asset Management Co. Ltd. | 0.35% | 0.11% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 0.10% |
| Shree Cement Ltd. | 0.15% | 0.10% |
| One 97 Communications Ltd. | 0.51% | 0.09% |
| Titan Company Ltd. | 1.30% | 0.08% |
| Bank of Baroda | 0.19% | 0.07% |
| APL Apollo Tubes Ltd. | 0.31% | 0.06% |
| Hitachi Energy India Ltd. | 0.29% | 0.06% |
| Union Bank of India | 0.21% | 0.06% |
| Varun Beverages Ltd. | 0.44% | 0.05% |
| Aurobindo Pharma Ltd. | 0.35% | 0.05% |
| Indian Oil Corporation Ltd. | 0.30% | 0.05% |
| Interglobe Aviation Ltd. | 0.75% | 0.04% |
| Asian Paints Ltd. | 0.73% | 0.04% |
| JSW Steel Ltd. | 0.61% | 0.04% |
| Jindal Steel Ltd. | 0.32% | 0.04% |
| GMR Airports Ltd. | 0.22% | 0.03% |
| Divi's Laboratories Ltd. | 0.88% | 0.01% |
| Hero MotoCorp Ltd. | 0.50% | 0.01% |
| DLF Ltd. | 0.33% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.3% means 49.3% 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 Msci India ETF
| Security | % of fund |
|---|---|
| Ultratech Cement Ltd. | 0.90% |
| Power Grid Corporation of India Ltd. | 0.87% |
| Grasim Industries Ltd. | 0.66% |
| Tech Mahindra Ltd. | 0.66% |
| Tata Motors Ltd. | 0.62% |
Largest holdings only in Bajaj Finserv Arbitrage Fund
| Security | % of fund |
|---|---|
| Bajaj Finserv Liquid Fund - Direct Plan - Growth | 13.03% |
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | 12.06% |
| Steel Authority of India Limited | 2.92% |
| Indian Bank (12/01/2027) | 1.78% |
| Hindustan Zinc Limited | 0.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Bajaj Finserv Arbitrage |
|---|---|---|
| Equity | 99.8% | 69.8% |
| Debt | 0.0% | 1.8% |
| Cash and others | 0.2% | 28.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Bajaj Finserv Arbitrage |
|---|---|---|
| Large Cap | 80.6% | 52.9% |
| Mid Cap | 19.2% | 13.7% |
| Small Cap | 0.0% | 3.1% |
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 Msci India ETF | Bajaj Finserv Arbitrage |
|---|---|---|
| Banks | 20.3% | 24.4% |
| IT - Software | 6.6% | 1.7% |
| Petroleum Products | 6.4% | 5.3% |
| Finance | 6.3% | 5.9% |
| Automobiles | 6.2% | 2.3% |
| Pharmaceuticals & Biotechnology | 5.6% | 1.1% |
| Telecom - Services | 4.7% | 3.5% |
| Ferrous Metals | 2.2% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Bajaj Finserv Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Bajaj Finserv Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.29% |
| Base expense ratio (Direct) | 0.00% | 0.31% |
| Total expense ratio (Regular) | Not available | 1.99% |
| Base expense ratio (Regular) | 0.16% | 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
Aditya Birla Sun Life Msci India ETF vs Bajaj Finserv Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Bajaj Finserv Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Bajaj Finserv Arbitrage Fund is an Arbitrage fund, run by Aditya Birla Sun Life Mutual Fund and Bajaj Finserv Mutual Fund. Their portfolios overlap 49.3%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Bajaj Finserv Arbitrage Fund 1.29%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Bajaj Finserv Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 1.29%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Bajaj Finserv Arbitrage Fund overlap?
49.3%. They hold 92 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 Msci India ETF or Bajaj Finserv Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Bajaj Finserv Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 15.37% and 1.08% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Bajaj Finserv Arbitrage Fund?
Yes. 49.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and Bajaj Finserv Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Bajaj Finserv Arbitrage Fund: Ilesh Savla, Siddharth Chaudhary.
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.