Aditya Birla Sun Life Msci India ETF vs Capitalmind 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 Capitalmind Arbitrage Fund is an Arbitrage fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Capitalmind Arbitrage Fund 1.18%. Their portfolios overlap 32.8%: they hold 38 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 Capitalmind 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 1.18%.
- Capitalmind Arbitrage fell less in its worst fall since 20-03-2026: −0.6% against −10.1%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 52.5%.
- Capitalmind Arbitrage is the larger fund: ₹23 Cr against ₹11 Cr.
- Their portfolios overlap 32.8%: 38 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 | Capitalmind Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Capitalmind Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹11 Cr (30-09-2026) | ₹23 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹10.39 (Direct) |
| Expense ratio (Direct) | Not available | 1.18% |
| Expense ratio (Regular) | Not available | 1.96% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India Index | Nifty 50 Arbitrage TRI |
| Launch date | 17-02-2026 | 16-03-2026 |
| 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Prateek Jain, Anoop Vijaykumar |
| Exit load | NIL | Exit load of 0.25%, if redeemed within 15 days |
Aditya Birla Sun Life Msci India ETF vs Capitalmind 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% | -- | -- | -- | -- |
| Capitalmind Arbitrage Fund (Direct) | +0.66% | +1.51% | +3.07% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Capitalmind Arbitrage: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Capitalmind 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 | Capitalmind Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +6.19% |
| Standard deviation | 15.37% | 1.94% |
| Sharpe ratio | -1.03 | 0.47 |
| Sortino ratio | -1.35 | 0.70 |
| Maximum drawdown | −12.5% (31-03-2026) | −0.6% (29-09-2026) |
| 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
Capitalmind 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 | −10.1% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.9% |
| Capitalmind Arbitrage Fund (Direct) | −0.6% | 18-09-2026 | 29-09-2026 | 05-10-2026 | 6 days | 0.0% |
From daily values since 20-03-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Capitalmind Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Capitalmind Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 32.8%
- Held by both
- 38
- Only in Aditya Birla Sun Life Msci India ETF
- 127
- Only in Capitalmind Arbitrage
- 12
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Capitalmind Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 5.44% | 5.45% |
| ICICI Bank Ltd. | 5.59% | 4.45% |
| Bharti Airtel Ltd. | 3.93% | 2.92% |
| HDFC Bank Ltd. | 6.44% | 2.42% |
| Axis Bank Ltd. | 2.25% | 3.35% |
| Larsen & Toubro Ltd. | 2.02% | 1.73% |
| Bharat Electronics Ltd. | 1.07% | 0.97% |
| Bajaj Finance Ltd. | 1.91% | 0.94% |
| State Bank of India | 1.41% | 0.94% |
| Eicher Motors Ltd. | 0.78% | 1.88% |
| Interglobe Aviation Ltd. | 0.75% | 2.29% |
| Hindustan Aeronautics Ltd. | 0.62% | 2.14% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.56% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 0.89% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 2.10% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.45% |
| GE Vernova T&D India Ltd. | 0.43% | 1.84% |
| Cummins India Ltd. | 0.50% | 0.42% |
| Tata Consumer Products Ltd. | 0.41% | 0.69% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.50% |
| ITC Ltd. | 0.63% | 0.40% |
| Indus Towers Ltd. | 0.37% | 1.11% |
| Shriram Finance Ltd. | 1.11% | 0.35% |
| Pidilite Industries Ltd. | 0.33% | 1.92% |
| Marico Ltd. | 0.33% | 0.41% |
| Indian Oil Corporation Ltd. | 0.30% | 1.44% |
| Fortis Healthcare Ltd. | 0.30% | 0.78% |
| PB Fintech Ltd. | 0.29% | 0.81% |
| Vodafone Idea Ltd. | 0.27% | 0.81% |
| Varun Beverages Ltd. | 0.44% | 0.24% |
| Adani Energy Solutions Ltd. | 0.22% | 1.16% |
| HCL Technologies Ltd. | 0.86% | 0.22% |
| Suzlon Energy Ltd. | 0.32% | 0.22% |
| Punjab National Bank | 0.21% | 0.79% |
| Bank of Baroda | 0.19% | 1.18% |
| NMDC Ltd. | 0.19% | 4.74% |
| Godrej Properties Ltd. | 0.18% | 0.23% |
| Canara Bank | 0.17% | 5.64% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.8% means 32.8% 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 Msci India ETF
| Security | % of fund |
|---|---|
| Infosys Ltd. | 2.41% |
| Mahindra & Mahindra Ltd. | 2.05% |
| Kotak Mahindra Bank Ltd. | 1.82% |
| Tata Consultancy Services Ltd. | 1.33% |
| Titan Company Ltd. | 1.30% |
Largest holdings only in Capitalmind Arbitrage Fund
| Security | % of fund |
|---|---|
| Capitalmind Liquid Fund - Direct-Growth | 14.84% |
| Coforge Limited | 5.45% |
| Steel Authority of India Limited | 3.36% |
| Manappuram Finance Limited | 2.90% |
| NBCC (India) Limited | 1.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Capitalmind Arbitrage |
|---|---|---|
| Equity | 99.8% | 77.9% |
| Debt | 0.0% | 0.7% |
| Cash and others | 0.2% | 21.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Capitalmind Arbitrage |
|---|---|---|
| Large Cap | 80.6% | 52.5% |
| Mid Cap | 19.2% | 17.8% |
| Small Cap | 0.0% | 7.6% |
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 Msci India ETF | Capitalmind Arbitrage |
|---|---|---|
| Banks | 20.3% | 19.3% |
| Petroleum Products | 6.4% | 6.9% |
| IT - Software | 6.6% | 5.7% |
| Finance | 6.3% | 5.8% |
| Automobiles | 6.2% | 1.9% |
| Pharmaceuticals & Biotechnology | 5.6% | 2.7% |
| Telecom - Services | 4.7% | 4.8% |
| Minerals & Mining | 0.2% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Capitalmind Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Capitalmind Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.18% |
| Base expense ratio (Direct) | 0.00% | 0.18% |
| Total expense ratio (Regular) | Not available | 1.96% |
| Base expense ratio (Regular) | 0.16% | 0.86% |
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 Capitalmind Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Capitalmind Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Capitalmind Arbitrage Fund is an Arbitrage fund, run by Aditya Birla Sun Life Mutual Fund and Capitalmind Mutual Fund. Their portfolios overlap 32.8%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Capitalmind Arbitrage Fund 1.18%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Capitalmind Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 1.18%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Capitalmind Arbitrage Fund overlap?
32.8%. They hold 38 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Capitalmind Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Capitalmind Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 15.37% and 1.94% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Capitalmind Arbitrage Fund?
Yes. 32.8% 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 Msci India ETF and Capitalmind Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Capitalmind Arbitrage Fund: Prateek Jain, Anoop Vijaykumar.
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.