Aditya Birla Sun Life Msci India ETF vs Franklin India 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 Franklin India Arbitrage Fund is an Arbitrage fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Franklin India Arbitrage Fund 1.20%. Their portfolios overlap 50.0%: they hold 102 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 Franklin India 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 1.20%.
- Franklin India 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 51.9%.
- Franklin India Arbitrage is the larger fund: ₹1,921 Cr against ₹11 Cr.
- Their portfolios overlap 50.0%: 102 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 | Franklin India Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Franklin Templeton Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹11 Cr (30-09-2026) | ₹1,921 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹11.42 (Direct) |
| Expense ratio (Direct) | Not available | 1.20% |
| Expense ratio (Regular) | Not available | 1.97% |
| Riskometer | Very High | Not available |
| Benchmark | MSCI India Index | Not available |
| Launch date | 17-02-2026 | Not available |
| 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 | Not available |
| Lock in | None | Not available |
| Fund managers | Priya Sridhar, Mehul Dama | Not available |
| Exit load | NIL | Not available |
Aditya Birla Sun Life Msci India ETF vs Franklin India 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% | -- | -- | -- | -- |
| Franklin India Arbitrage Fund (Direct) | +0.58% | +1.71% | +3.51% | +7.13% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Franklin India Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Franklin India ArbitrageFranklin India Arbitrage |
|---|---|---|
| 2026to date | -- | +5.84% |
| 2025 | -- | +7.19% |
Aditya Birla Sun Life Msci India ETF vs Franklin India Arbitrage: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Franklin India 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 | Franklin India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +7.09% |
| Standard deviation | 15.37% | 1.17% |
| Sharpe ratio | -1.03 | 1.25 |
| Sortino ratio | -1.35 | 1.93 |
| 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
Franklin India 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% |
| Franklin India 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 Franklin India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Franklin India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 50.0%
- Held by both
- 102
- Only in Aditya Birla Sun Life Msci India ETF
- 63
- Only in Franklin India Arbitrage
- 42
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Franklin India Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 6.44% | 5.79% |
| ICICI Bank Ltd. | 5.59% | 6.04% |
| Reliance Industries Ltd. | 5.44% | 4.13% |
| Bharti Airtel Ltd. | 3.93% | 2.55% |
| Axis Bank Ltd. | 2.25% | 3.37% |
| Larsen & Toubro Ltd. | 2.02% | 1.88% |
| State Bank of India | 1.41% | 1.78% |
| Maruti Suzuki India Ltd. | 1.13% | 1.38% |
| Bharat Electronics Ltd. | 1.07% | 1.33% |
| Bajaj Finance Ltd. | 1.91% | 1.03% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.98% |
| Hindalco Industries Ltd. | 0.97% | 1.79% |
| Mahindra & Mahindra Ltd. | 2.05% | 0.92% |
| Eicher Motors Ltd. | 0.78% | 0.75% |
| Hindustan Unilever Ltd. | 1.06% | 0.71% |
| Kotak Mahindra Bank Ltd. | 1.82% | 0.63% |
| TVS Motor Company Ltd. | 0.78% | 0.60% |
| Adani Enterprises Ltd. | 0.59% | 1.44% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 0.58% |
| Laurus Labs Ltd. | 0.55% | 0.81% |
| Eternal Ltd. | 1.22% | 0.54% |
| One 97 Communications Ltd. | 0.51% | 0.52% |
| Adani Power Ltd. | 0.53% | 0.51% |
| AU Small Finance Bank Ltd. | 0.45% | 0.70% |
| Jio Financial Services Ltd. | 0.46% | 0.44% |
| Tata Power Company Ltd. | 0.43% | 0.60% |
| IndusInd Bank Ltd. | 0.41% | 1.22% |
| HDFC Life Insurance Company Ltd. | 0.41% | 1.82% |
| ITC Ltd. | 0.63% | 0.40% |
| NTPC Ltd. | 1.12% | 0.40% |
| Indus Towers Ltd. | 0.37% | 0.48% |
| Aurobindo Pharma Ltd. | 0.35% | 0.41% |
| Bajaj Finserv Ltd. | 0.53% | 0.34% |
| Ashok Leyland Ltd. | 0.34% | 0.43% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.33% |
| Info Edge (India) Ltd. | 0.33% | 0.53% |
| JSW Steel Ltd. | 0.61% | 0.33% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 0.58% |
| Marico Ltd. | 0.33% | 0.95% |
| APL Apollo Tubes Ltd. | 0.31% | 0.65% |
| FSN E-Commerce Ventures Ltd. | 0.31% | 1.16% |
| PB Fintech Ltd. | 0.29% | 0.98% |
| Coal India Ltd. | 0.52% | 0.29% |
| The Indian Hotels Company Ltd. | 0.48% | 0.28% |
| Vedanta Ltd. | 0.28% | 0.30% |
| IDFC First Bank Ltd. | 0.27% | 2.11% |
| Vodafone Idea Ltd. | 0.27% | 2.41% |
| Yes Bank Ltd. | 0.25% | 0.56% |
| Cipla Ltd. | 0.54% | 0.24% |
| Ultratech Cement Ltd. | 0.90% | 0.24% |
| Solar Industries India Ltd. | 0.36% | 0.23% |
| United Spirits Ltd. | 0.31% | 0.23% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.22% |
| UPL Ltd. | 0.22% | 1.00% |
| Punjab National Bank | 0.21% | 0.41% |
| Mphasis Ltd. | 0.20% | 0.52% |
| GAIL (India) Ltd. | 0.31% | 0.20% |
| Varun Beverages Ltd. | 0.44% | 0.20% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.19% |
| Bank of Baroda | 0.19% | 0.29% |
| Infosys Ltd. | 2.41% | 0.18% |
| Godrej Properties Ltd. | 0.18% | 0.41% |
| Canara Bank | 0.17% | 0.35% |
| Shriram Finance Ltd. | 1.11% | 0.17% |
| NMDC Ltd. | 0.19% | 0.16% |
| Bharat Heavy Electricals Ltd. | 0.40% | 0.16% |
| National Aluminium Company Ltd. | 0.22% | 0.16% |
| Adani Energy Solutions Ltd. | 0.22% | 0.13% |
| Nestle India Ltd. | 0.60% | 0.13% |
| ICICI Prudential Life Insurance Company Ltd. | 0.13% | 0.17% |
| Samvardhana Motherson International Ltd. | 0.55% | 0.13% |
| Power Finance Corporation Ltd. | 0.34% | 0.11% |
| Ambuja Cements Ltd. | 0.18% | 0.11% |
| Lupin Ltd. | 0.37% | 0.11% |
| Divi's Laboratories Ltd. | 0.88% | 0.11% |
| Titan Company Ltd. | 1.30% | 0.10% |
| SBI Life Insurance Co. Ltd. | 0.61% | 0.09% |
| Power Grid Corporation of India Ltd. | 0.87% | 0.09% |
| GE Vernova T&D India Ltd. | 0.43% | 0.08% |
| Cummins India Ltd. | 0.50% | 0.08% |
| L&T Finance Ltd. | 0.17% | 0.07% |
| Tata Steel Ltd. | 1.10% | 0.07% |
| Dabur India Ltd. | 0.13% | 0.06% |
| Grasim Industries Ltd. | 0.66% | 0.04% |
| Indian Oil Corporation Ltd. | 0.30% | 0.04% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 0.04% |
| Interglobe Aviation Ltd. | 0.75% | 0.04% |
| BSE Ltd. | 0.49% | 0.03% |
| JSW Energy Ltd. | 0.18% | 0.03% |
| Pidilite Industries Ltd. | 0.33% | 0.03% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.02% |
| Hitachi Energy India Ltd. | 0.29% | 0.02% |
| HDFC Asset Management Co. Ltd. | 0.35% | 0.02% |
| ICICI Lombard General Insurance Company Ltd. | 0.31% | 0.02% |
| Tata Consumer Products Ltd. | 0.41% | 0.01% |
| Colgate Palmolive (India) Ltd. | 0.16% | 0.01% |
| The Federal Bank Ltd. | 0.46% | 0.01% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.01% |
| Max Healthcare Institute Ltd. | 0.52% | 0.01% |
| Bajaj Auto Ltd. | 0.58% | 0.00% |
| Hindustan Petroleum Corporation Ltd. | 0.27% | 0.00% |
| Fortis Healthcare Ltd. | 0.30% | 0.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.0% means 50.0% 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 |
|---|---|
| Tata Consultancy Services Ltd. | 1.33% |
| HCL Technologies Ltd. | 0.86% |
| Asian Paints Ltd. | 0.73% |
| Tech Mahindra Ltd. | 0.66% |
| Tata Motors Ltd. | 0.62% |
Largest holdings only in Franklin India Arbitrage Fund
| Security | % of fund |
|---|---|
| Franklin India Money Market Fund Direct-Growth Plan | 12.02% |
| Canara Bank (30-Nov-2026) | 2.58% |
| Union Bank of India (16-Mar-2027) | 2.52% |
| National Bank For Agriculture & Rural Development (17-Mar-2027) | 2.52% |
| Indian Bank (04-Dec-2026) | 1.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Franklin India Arbitrage |
|---|---|---|
| Equity | 99.8% | 71.4% |
| Debt | 0.0% | 14.5% |
| Cash and others | 0.2% | 14.1% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Franklin India Arbitrage |
|---|---|---|
| Large Cap | 80.6% | 51.9% |
| Mid Cap | 19.2% | 17.7% |
| Small Cap | 0.0% | 1.8% |
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 | Franklin India Arbitrage |
|---|---|---|
| Banks | 20.3% | 23.5% |
| IT - Software | 6.6% | 1.5% |
| Petroleum Products | 6.4% | 4.2% |
| Finance | 6.3% | 2.8% |
| Automobiles | 6.2% | 4.1% |
| Pharmaceuticals & Biotechnology | 5.6% | 3.0% |
| Telecom - Services | 4.7% | 5.4% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Franklin India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Franklin India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.20% |
| Base expense ratio (Direct) | 0.00% | 0.23% |
| Total expense ratio (Regular) | Not available | 1.97% |
| Base expense ratio (Regular) | 0.16% | 0.89% |
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 Franklin India Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Franklin India Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Franklin India Arbitrage Fund is an Arbitrage fund, run by Aditya Birla Sun Life Mutual Fund and Franklin Templeton Mutual Fund. Their portfolios overlap 50.0%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Franklin India Arbitrage Fund 1.20%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Franklin India Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 1.20%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Franklin India Arbitrage Fund overlap?
50.0%. They hold 102 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Franklin India Arbitrage Fund?
Yes. 50.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.