Aditya Birla Sun Life Msci India ETF vs Motilal Oswal 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 Motilal Oswal Arbitrage Fund is an Arbitrage fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Motilal Oswal Arbitrage Fund 0.99%. Their portfolios overlap 45.1%: 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 Motilal Oswal 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 0.99%.
- Motilal Oswal 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 53.6%.
- Motilal Oswal Arbitrage is the larger fund: ₹3,434 Cr against ₹11 Cr.
- Their portfolios overlap 45.1%: 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 | Motilal Oswal Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Motilal Oswal Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹11 Cr (30-09-2026) | ₹3,434 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹11.37 (Direct) |
| Expense ratio (Direct) | Not available | 0.99% |
| Expense ratio (Regular) | Not available | 1.98% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India Index | Nifty 50 Arbitrage TRI |
| Launch date | 17-02-2026 | 23-12-2024 |
| 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 | Vishal Ashar, Atul Mehra, Rakesh Shetty |
| Exit load | NIL | 0.25% - If redeemed within 30 days from the day of allotment. Nil - If redeemed after 30 days from the date of allotment. |
Aditya Birla Sun Life Msci India ETF vs Motilal Oswal 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% | -- | -- | -- | -- |
| Motilal Oswal Arbitrage Fund (Direct) | +0.48% | +1.54% | +3.30% | +6.98% | -- | -- | -- |
| 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 Motilal Oswal Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Motilal Oswal ArbitrageMotilal Oswal Arbitrage |
|---|---|---|
| 2026to date | -- | +5.62% |
| 2025 | -- | +7.46% |
Aditya Birla Sun Life Msci India ETF vs Motilal Oswal Arbitrage: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Motilal Oswal 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 | Motilal Oswal Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +7.14% |
| Standard deviation | 15.37% | 1.16% |
| Sharpe ratio | -1.03 | 1.37 |
| Sortino ratio | -1.35 | 2.08 |
| 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
Motilal Oswal 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% |
| Motilal Oswal Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | −0.0% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Motilal Oswal Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Motilal Oswal Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 45.1%
- Held by both
- 92
- Only in Aditya Birla Sun Life Msci India ETF
- 73
- Only in Motilal Oswal Arbitrage
- 46
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Motilal Oswal Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 6.44% | 5.41% |
| Reliance Industries Ltd. | 5.44% | 4.58% |
| Bharti Airtel Ltd. | 3.93% | 3.63% |
| ICICI Bank Ltd. | 5.59% | 2.28% |
| Axis Bank Ltd. | 2.25% | 2.53% |
| Kotak Mahindra Bank Ltd. | 1.82% | 2.39% |
| Bajaj Finance Ltd. | 1.91% | 1.72% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.53% |
| Larsen & Toubro Ltd. | 2.02% | 1.19% |
| Maruti Suzuki India Ltd. | 1.13% | 1.73% |
| State Bank of India | 1.41% | 1.11% |
| TVS Motor Company Ltd. | 0.78% | 3.37% |
| Interglobe Aviation Ltd. | 0.75% | 1.74% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.74% |
| Shriram Finance Ltd. | 1.11% | 0.69% |
| Adani Enterprises Ltd. | 0.59% | 1.11% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 3.49% |
| Samvardhana Motherson International Ltd. | 0.55% | 0.88% |
| Bharat Electronics Ltd. | 1.07% | 0.53% |
| One 97 Communications Ltd. | 0.51% | 1.10% |
| ITC Ltd. | 0.63% | 0.50% |
| Jio Financial Services Ltd. | 0.46% | 0.68% |
| AU Small Finance Bank Ltd. | 0.45% | 3.07% |
| Eternal Ltd. | 1.22% | 0.43% |
| Bajaj Finserv Ltd. | 0.53% | 0.43% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 2.37% |
| IndusInd Bank Ltd. | 0.41% | 0.75% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.57% |
| Bharat Heavy Electricals Ltd. | 0.40% | 0.52% |
| Tata Steel Ltd. | 1.10% | 0.35% |
| Ashok Leyland Ltd. | 0.34% | 0.97% |
| Indus Towers Ltd. | 0.37% | 0.34% |
| Suzlon Energy Ltd. | 0.32% | 0.37% |
| Cipla Ltd. | 0.54% | 0.32% |
| JSW Steel Ltd. | 0.61% | 0.31% |
| Infosys Ltd. | 2.41% | 0.30% |
| Grasim Industries Ltd. | 0.66% | 0.29% |
| Vodafone Idea Ltd. | 0.27% | 1.34% |
| Cummins India Ltd. | 0.50% | 0.26% |
| Divi's Laboratories Ltd. | 0.88% | 0.25% |
| Yes Bank Ltd. | 0.25% | 0.34% |
| Muthoot Finance Ltd. | 0.24% | 0.27% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 0.24% |
| Jindal Steel Ltd. | 0.32% | 0.23% |
| Aditya Birla Capital Ltd. | 0.23% | 2.15% |
| Eicher Motors Ltd. | 0.78% | 0.21% |
| Bank of Baroda | 0.19% | 0.25% |
| Hindustan Unilever Ltd. | 1.06% | 0.19% |
| NMDC Ltd. | 0.19% | 0.26% |
| Asian Paints Ltd. | 0.73% | 0.18% |
| Supreme Industries Ltd. | 0.17% | 0.33% |
| Marico Ltd. | 0.33% | 0.17% |
| Godrej Properties Ltd. | 0.18% | 0.17% |
| Ultratech Cement Ltd. | 0.90% | 0.16% |
| Vedanta Ltd. | 0.28% | 0.16% |
| Canara Bank | 0.17% | 0.16% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.15% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.14% |
| IDFC First Bank Ltd. | 0.27% | 0.14% |
| Tata Consultancy Services Ltd. | 1.33% | 0.13% |
| Bajaj Auto Ltd. | 0.58% | 0.13% |
| The Federal Bank Ltd. | 0.46% | 0.11% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 0.10% |
| HDFC Asset Management Co. Ltd. | 0.35% | 0.10% |
| Aurobindo Pharma Ltd. | 0.35% | 0.10% |
| Ambuja Cements Ltd. | 0.18% | 0.10% |
| Pidilite Industries Ltd. | 0.33% | 0.09% |
| Hindalco Industries Ltd. | 0.97% | 0.08% |
| The Indian Hotels Company Ltd. | 0.48% | 0.08% |
| Lupin Ltd. | 0.37% | 0.08% |
| Hero MotoCorp Ltd. | 0.50% | 0.07% |
| Varun Beverages Ltd. | 0.44% | 0.07% |
| Info Edge (India) Ltd. | 0.33% | 0.07% |
| SBI Life Insurance Co. Ltd. | 0.61% | 0.06% |
| APL Apollo Tubes Ltd. | 0.31% | 0.06% |
| Zydus Lifesciences Ltd. | 0.17% | 0.06% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.05% |
| GAIL (India) Ltd. | 0.31% | 0.05% |
| Polycab India Ltd. | 0.34% | 0.04% |
| DLF Ltd. | 0.33% | 0.04% |
| Adani Energy Solutions Ltd. | 0.22% | 0.04% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.03% |
| Tata Consumer Products Ltd. | 0.41% | 0.03% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.03% |
| Bharat Forge Ltd. | 0.37% | 0.03% |
| Hindustan Petroleum Corporation Ltd. | 0.27% | 0.02% |
| Tube Investments of India Ltd. | 0.19% | 0.02% |
| Alkem Laboratories Ltd. | 0.17% | 0.02% |
| Titan Company Ltd. | 1.30% | 0.01% |
| NTPC Ltd. | 1.12% | 0.01% |
| United Spirits Ltd. | 0.31% | 0.01% |
| Dabur India Ltd. | 0.13% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.1% means 45.1% 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 |
|---|---|
| Power Grid Corporation of India Ltd. | 0.87% |
| HCL Technologies Ltd. | 0.86% |
| Tech Mahindra Ltd. | 0.66% |
| Tata Motors Ltd. | 0.62% |
| Nestle India Ltd. | 0.60% |
Largest holdings only in Motilal Oswal Arbitrage Fund
| Security | % of fund |
|---|---|
| Motilal Oswal Liquid Fund - Direct Growth | 7.13% |
| Motilal Oswal Ultra Short Term Fund (MOFUSTF) -Direct Plan- Growth | 2.07% |
| Steel Authority of India Limited | 1.23% |
| Inox Wind Limited | 0.87% |
| RBL Bank Limited | 0.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Motilal Oswal Arbitrage |
|---|---|---|
| Equity | 99.8% | 71.3% |
| Debt | 0.0% | 14.3% |
| Cash and others | 0.2% | 14.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Motilal Oswal Arbitrage |
|---|---|---|
| Large Cap | 80.6% | 53.6% |
| Mid Cap | 19.2% | 13.5% |
| Small Cap | 0.0% | 4.2% |
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 | Motilal Oswal Arbitrage |
|---|---|---|
| Banks | 20.3% | 19.4% |
| Finance | 6.3% | 10.5% |
| Automobiles | 6.2% | 7.1% |
| IT - Software | 6.6% | 0.5% |
| Petroleum Products | 6.4% | 4.6% |
| Pharmaceuticals & Biotechnology | 5.6% | 1.7% |
| Telecom - Services | 4.7% | 5.3% |
| Electrical Equipment | 2.7% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Motilal Oswal Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Motilal Oswal Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.99% |
| Base expense ratio (Direct) | 0.00% | 0.10% |
| Total expense ratio (Regular) | Not available | 1.98% |
| Base expense ratio (Regular) | 0.16% | 1.00% |
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 Motilal Oswal Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Motilal Oswal Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Motilal Oswal Arbitrage Fund is an Arbitrage fund, run by Aditya Birla Sun Life Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 45.1%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Motilal Oswal Arbitrage Fund 0.99%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Motilal Oswal Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 0.99%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Motilal Oswal Arbitrage Fund overlap?
45.1%. They hold 92 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Motilal Oswal Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Motilal Oswal Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 15.37% and 1.16% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Motilal Oswal Arbitrage Fund?
Yes. 45.1% 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 Motilal Oswal Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Motilal Oswal Arbitrage Fund: Vishal Ashar, Atul Mehra, Rakesh Shetty.
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.