Aditya Birla Sun Life Msci India ETF vs Old Bridge 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 Old Bridge Arbitrage Fund is an Arbitrage fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Old Bridge Arbitrage Fund 1.09%. Their portfolios overlap 48.1%: they hold 83 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 Old Bridge 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 1.09%.
- Old Bridge Arbitrage fell less in its worst fall since 20-02-2026: −0.7% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 64.1%.
- Old Bridge Arbitrage is the larger fund: ₹254 Cr against ₹11 Cr.
- Their portfolios overlap 48.1%: 83 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 | Old Bridge Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Old Bridge Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹11 Cr (30-09-2026) | ₹254 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹10.62 (Direct) |
| Expense ratio (Direct) | Not available | 1.09% |
| Expense ratio (Regular) | Not available | 1.94% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India Index | Nifty 50 Arbitrage TRI |
| Launch date | 17-02-2026 | 13-11-2025 |
| 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 | Kenneth Joseph Andrade |
| Exit load | NIL | Exit load of 0.25%, if redeemed within 7 Days. |
Aditya Birla Sun Life Msci India ETF vs Old Bridge 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% | -- | -- | -- | -- |
| Old Bridge Arbitrage Fund (Direct) | +0.55% | +1.49% | +3.19% | -- | -- | -- | -- |
| 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 Old Bridge Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Old Bridge ArbitrageOld Bridge Arbitrage |
|---|---|---|
| 2026to date | -- | +5.31% |
Aditya Birla Sun Life Msci India ETF vs Old Bridge Arbitrage: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Old Bridge 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 | Old Bridge Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +6.43% |
| Standard deviation | 15.37% | 1.68% |
| Sharpe ratio | -1.03 | 0.71 |
| Sortino ratio | -1.35 | 1.06 |
| Maximum drawdown | −12.5% (31-03-2026) | −0.7% (29-05-2026) |
| 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
Old Bridge 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% |
| Old Bridge Arbitrage Fund (Direct) | −0.7% | 18-05-2026 | 29-05-2026 | 04-06-2026 | 6 days | −0.1% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Old Bridge Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Old Bridge Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 48.1%
- Held by both
- 83
- Only in Aditya Birla Sun Life Msci India ETF
- 82
- Only in Old Bridge Arbitrage
- 14
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Old Bridge Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 5.44% | 5.43% |
| ICICI Bank Ltd. | 5.59% | 5.25% |
| HDFC Bank Ltd. | 6.44% | 4.76% |
| Bharti Airtel Ltd. | 3.93% | 3.72% |
| Axis Bank Ltd. | 2.25% | 2.36% |
| State Bank of India | 1.41% | 1.33% |
| Shriram Finance Ltd. | 1.11% | 2.97% |
| Tata Steel Ltd. | 1.10% | 2.44% |
| Hindalco Industries Ltd. | 0.97% | 1.22% |
| Ultratech Cement Ltd. | 0.90% | 1.36% |
| Divi's Laboratories Ltd. | 0.88% | 1.28% |
| Larsen & Toubro Ltd. | 2.02% | 0.80% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 1.05% |
| Hindustan Aeronautics Ltd. | 0.62% | 1.21% |
| JSW Steel Ltd. | 0.61% | 1.47% |
| Power Grid Corporation of India Ltd. | 0.87% | 0.60% |
| Kotak Mahindra Bank Ltd. | 1.82% | 0.59% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.58% |
| Hindustan Unilever Ltd. | 1.06% | 0.56% |
| Bajaj Finserv Ltd. | 0.53% | 0.80% |
| Coal India Ltd. | 0.52% | 0.79% |
| Bajaj Finance Ltd. | 1.91% | 0.48% |
| The Indian Hotels Company Ltd. | 0.48% | 0.83% |
| The Federal Bank Ltd. | 0.46% | 0.72% |
| Jio Financial Services Ltd. | 0.46% | 1.23% |
| Varun Beverages Ltd. | 0.44% | 0.96% |
| Tata Power Company Ltd. | 0.43% | 1.52% |
| Asian Paints Ltd. | 0.73% | 0.43% |
| NTPC Ltd. | 1.12% | 0.42% |
| Tata Consumer Products Ltd. | 0.41% | 1.30% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.84% |
| Bharat Heavy Electricals Ltd. | 0.40% | 1.93% |
| ITC Ltd. | 0.63% | 0.38% |
| Indus Towers Ltd. | 0.37% | 3.73% |
| Bharat Forge Ltd. | 0.37% | 0.49% |
| HDFC Asset Management Co. Ltd. | 0.35% | 1.89% |
| Power Finance Corporation Ltd. | 0.34% | 0.88% |
| DLF Ltd. | 0.33% | 0.33% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 0.82% |
| Jindal Steel Ltd. | 0.32% | 0.48% |
| APL Apollo Tubes Ltd. | 0.31% | 0.88% |
| GAIL (India) Ltd. | 0.31% | 0.48% |
| Fortis Healthcare Ltd. | 0.30% | 0.42% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 0.29% |
| IDFC First Bank Ltd. | 0.27% | 2.23% |
| IndusInd Bank Ltd. | 0.41% | 0.25% |
| Godrej Consumer Products Ltd. | 0.26% | 0.25% |
| Yes Bank Ltd. | 0.25% | 0.39% |
| Bharat Electronics Ltd. | 1.07% | 0.24% |
| GMR Airports Ltd. | 0.22% | 0.39% |
| Grasim Industries Ltd. | 0.66% | 0.21% |
| Union Bank of India | 0.21% | 0.27% |
| Punjab National Bank | 0.21% | 1.46% |
| Pidilite Industries Ltd. | 0.33% | 0.20% |
| UPL Ltd. | 0.22% | 0.20% |
| Bank of Baroda | 0.19% | 0.90% |
| Marico Ltd. | 0.33% | 0.19% |
| NMDC Ltd. | 0.19% | 0.29% |
| Eternal Ltd. | 1.22% | 0.18% |
| Ambuja Cements Ltd. | 0.18% | 0.44% |
| Godrej Properties Ltd. | 0.18% | 0.25% |
| Canara Bank | 0.17% | 1.18% |
| Ashok Leyland Ltd. | 0.34% | 0.15% |
| Infosys Ltd. | 2.41% | 0.14% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.14% |
| Dabur India Ltd. | 0.13% | 0.47% |
| ICICI Prudential Life Insurance Company Ltd. | 0.13% | 0.18% |
| Info Edge (India) Ltd. | 0.33% | 0.11% |
| Colgate Palmolive (India) Ltd. | 0.16% | 0.11% |
| Hero MotoCorp Ltd. | 0.50% | 0.09% |
| United Spirits Ltd. | 0.31% | 0.09% |
| The Phoenix Mills Ltd. | 0.29% | 0.08% |
| SRF Ltd. | 0.26% | 0.08% |
| Mahindra & Mahindra Ltd. | 2.05% | 0.07% |
| Maruti Suzuki India Ltd. | 1.13% | 0.07% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 0.07% |
| SBI Life Insurance Co. Ltd. | 0.61% | 0.05% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 0.04% |
| AU Small Finance Bank Ltd. | 0.45% | 0.04% |
| Aurobindo Pharma Ltd. | 0.35% | 0.04% |
| Interglobe Aviation Ltd. | 0.75% | 0.03% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.02% |
| PB Fintech Ltd. | 0.29% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.1% means 48.1% 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 |
|---|---|
| Tata Consultancy Services Ltd. | 1.33% |
| Titan Company Ltd. | 1.30% |
| HCL Technologies Ltd. | 0.86% |
| Eicher Motors Ltd. | 0.78% |
| TVS Motor Company Ltd. | 0.78% |
Largest holdings only in Old Bridge Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill (MD 13/05/2027) | 5.70% |
| 182 Days Tbill (MD 19/11/2026) | 1.96% |
| 364 Days Tbill (MD 17/12/2026) | 1.95% |
| 182 Days Tbill (MD 04/02/2027) | 1.93% |
| Glenmark Pharmaceuticals Limited | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Old Bridge Arbitrage |
|---|---|---|
| Equity | 99.8% | 79.4% |
| Debt | 0.0% | 11.5% |
| Cash and others | 0.2% | 9.1% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Old Bridge Arbitrage |
|---|---|---|
| Large Cap | 80.6% | 64.1% |
| Mid Cap | 19.2% | 13.3% |
| Small Cap | 0.0% | 1.9% |
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 | Old Bridge Arbitrage |
|---|---|---|
| Banks | 20.3% | 22.2% |
| Finance | 6.3% | 7.5% |
| Telecom - Services | 4.7% | 7.5% |
| IT - Software | 6.6% | 0.1% |
| Petroleum Products | 6.4% | 5.5% |
| Automobiles | 6.2% | 0.2% |
| Pharmaceuticals & Biotechnology | 5.6% | 4.2% |
| Ferrous Metals | 2.2% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Old Bridge Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Old Bridge Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.09% |
| Base expense ratio (Direct) | 0.00% | 0.12% |
| Total expense ratio (Regular) | Not available | 1.94% |
| Base expense ratio (Regular) | 0.16% | 0.84% |
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 Old Bridge Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Old Bridge Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Old Bridge Arbitrage Fund is an Arbitrage fund, run by Aditya Birla Sun Life Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 48.1%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Old Bridge Arbitrage Fund 1.09%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Old Bridge Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 1.09%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Old Bridge Arbitrage Fund overlap?
48.1%. They hold 83 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Old Bridge Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Old Bridge Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 15.37% and 1.68% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Old Bridge Arbitrage Fund?
Yes. 48.1% 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 Old Bridge Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Old Bridge Arbitrage Fund: Kenneth Joseph Andrade.
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.