Aditya Birla Sun Life Msci India ETF vs SBI 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 SBI Arbitrage Fund is an Arbitrage fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and SBI Arbitrage Fund 1.47%. Their portfolios overlap 54.6%: they hold 142 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 SBI 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 1.47%.
- SBI Arbitrage fell less in its worst fall since 20-02-2026: −0.5% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 61.8%.
- SBI Arbitrage is the larger fund: ₹46,309 Cr against ₹11 Cr.
- Their portfolios overlap 54.6%: 142 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 | SBI Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | SBI Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹11 Cr (30-09-2026) | ₹46,309 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹39.08 (Direct) |
| Expense ratio (Direct) | Not available | 1.47% |
| Expense ratio (Regular) | Not available | 1.99% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India Index | Nifty 50 Arbitrage Index |
| Launch date | 17-02-2026 | 03-11-2006 |
| 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 | Neeraj Kumar - Equity, Ardhendu Bhattacharya |
| Exit load | NIL | Exit load of 0.25%, if redeemed within 15 Days. |
Aditya Birla Sun Life Msci India ETF vs SBI 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% | -- | -- | -- | -- |
| SBI Arbitrage Fund (Direct) | +0.56% | +1.53% | +3.22% | +6.59% | +7.24% | +6.83% | +6.24% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | +6.31% |
Category average: the average of the 39 Arbitrage funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs SBI Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | SBI ArbitrageSBI Arbitrage |
|---|---|---|
| 2026to date | -- | +5.39% |
| 2025 | -- | +7.05% |
| 2024 | -- | +8.11% |
| 2023 | -- | +7.98% |
| 2022 | -- | +5.09% |
| 2021 | -- | +4.43% |
Aditya Birla Sun Life Msci India ETF vs SBI Arbitrage: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs SBI 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 | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +6.84% |
| Standard deviation | 15.37% | 1.07% |
| Sharpe ratio | -1.03 | 0.74 |
| Sortino ratio | -1.35 | 1.11 |
| Maximum drawdown | −12.5% (31-03-2026) | −0.7% (25-03-2020) |
| 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
SBI 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% |
| SBI Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.1% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs SBI Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; SBI Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 54.6%
- Held by both
- 142
- Only in Aditya Birla Sun Life Msci India ETF
- 23
- Only in SBI Arbitrage
- 54
| Security | % of Aditya Birla Sun Life Msci India ETF | % of SBI Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 5.44% | 5.58% |
| HDFC Bank Ltd. | 6.44% | 4.92% |
| ICICI Bank Ltd. | 5.59% | 2.75% |
| Bharti Airtel Ltd. | 3.93% | 2.39% |
| Axis Bank Ltd. | 2.25% | 2.31% |
| Bajaj Finance Ltd. | 1.91% | 1.57% |
| State Bank of India | 1.41% | 3.68% |
| Tata Steel Ltd. | 1.10% | 1.59% |
| Bharat Electronics Ltd. | 1.07% | 1.36% |
| Divi's Laboratories Ltd. | 0.88% | 1.09% |
| Larsen & Toubro Ltd. | 2.02% | 0.87% |
| Kotak Mahindra Bank Ltd. | 1.82% | 0.85% |
| Tech Mahindra Ltd. | 0.66% | 0.64% |
| ITC Ltd. | 0.63% | 0.93% |
| Hindustan Aeronautics Ltd. | 0.62% | 1.16% |
| JSW Steel Ltd. | 0.61% | 1.58% |
| Maruti Suzuki India Ltd. | 1.13% | 0.60% |
| Adani Enterprises Ltd. | 0.59% | 1.41% |
| Infosys Ltd. | 2.41% | 0.59% |
| Hindustan Unilever Ltd. | 1.06% | 0.56% |
| NTPC Ltd. | 1.12% | 0.55% |
| Samvardhana Motherson International Ltd. | 0.55% | 0.71% |
| Hindalco Industries Ltd. | 0.97% | 0.54% |
| Adani Power Ltd. | 0.53% | 1.03% |
| Coal India Ltd. | 0.52% | 0.90% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 0.49% |
| The Indian Hotels Company Ltd. | 0.48% | 0.70% |
| The Federal Bank Ltd. | 0.46% | 0.74% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 0.46% |
| Jio Financial Services Ltd. | 0.46% | 0.77% |
| Shriram Finance Ltd. | 1.11% | 0.45% |
| Mahindra & Mahindra Ltd. | 2.05% | 0.44% |
| Varun Beverages Ltd. | 0.44% | 0.76% |
| Tata Power Company Ltd. | 0.43% | 0.64% |
| Ultratech Cement Ltd. | 0.90% | 0.42% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.52% |
| IndusInd Bank Ltd. | 0.41% | 0.43% |
| Tata Consumer Products Ltd. | 0.41% | 0.62% |
| Cummins India Ltd. | 0.50% | 0.41% |
| Bharat Heavy Electricals Ltd. | 0.40% | 0.72% |
| Indus Towers Ltd. | 0.37% | 0.61% |
| Solar Industries India Ltd. | 0.36% | 0.38% |
| HDFC Asset Management Co. Ltd. | 0.35% | 0.36% |
| Eicher Motors Ltd. | 0.78% | 0.35% |
| Power Finance Corporation Ltd. | 0.34% | 0.88% |
| Aurobindo Pharma Ltd. | 0.35% | 0.34% |
| Info Edge (India) Ltd. | 0.33% | 0.39% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 0.41% |
| Titan Company Ltd. | 1.30% | 0.32% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 0.32% |
| APL Apollo Tubes Ltd. | 0.31% | 0.38% |
| Indian Oil Corporation Ltd. | 0.30% | 0.56% |
| Avenue Supermarts Ltd. | 0.44% | 0.30% |
| IDFC First Bank Ltd. | 0.27% | 0.73% |
| HCL Technologies Ltd. | 0.86% | 0.27% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.27% |
| Bajaj Auto Ltd. | 0.58% | 0.27% |
| Hitachi Energy India Ltd. | 0.29% | 0.27% |
| Vodafone Idea Ltd. | 0.27% | 1.10% |
| Aditya Birla Capital Ltd. | 0.23% | 0.31% |
| GMR Airports Ltd. | 0.22% | 0.40% |
| Adani Energy Solutions Ltd. | 0.22% | 0.81% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.22% |
| One 97 Communications Ltd. | 0.51% | 0.21% |
| AU Small Finance Bank Ltd. | 0.45% | 0.21% |
| Union Bank of India | 0.21% | 0.37% |
| Punjab National Bank | 0.21% | 0.78% |
| Tata Consultancy Services Ltd. | 1.33% | 0.20% |
| Bank of Baroda | 0.19% | 0.78% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.19% |
| SRF Ltd. | 0.26% | 0.19% |
| NMDC Ltd. | 0.19% | 0.42% |
| Laurus Labs Ltd. | 0.55% | 0.18% |
| Ambuja Cements Ltd. | 0.18% | 0.59% |
| Godrej Properties Ltd. | 0.18% | 0.24% |
| Canara Bank | 0.17% | 0.89% |
| TVS Motor Company Ltd. | 0.78% | 0.17% |
| GE Vernova T&D India Ltd. | 0.43% | 0.17% |
| Lodha Developers Ltd. | 0.25% | 0.17% |
| Eternal Ltd. | 1.22% | 0.16% |
| Jindal Steel Ltd. | 0.32% | 0.16% |
| Fortis Healthcare Ltd. | 0.30% | 0.16% |
| Muthoot Finance Ltd. | 0.24% | 0.16% |
| Suzlon Energy Ltd. | 0.32% | 0.15% |
| Mphasis Ltd. | 0.20% | 0.15% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.14% |
| Ashok Leyland Ltd. | 0.34% | 0.14% |
| Godrej Consumer Products Ltd. | 0.26% | 0.14% |
| JSW Energy Ltd. | 0.18% | 0.14% |
| L&T Finance Ltd. | 0.17% | 0.14% |
| Dabur India Ltd. | 0.13% | 0.18% |
| Power Grid Corporation of India Ltd. | 0.87% | 0.13% |
| Cipla Ltd. | 0.54% | 0.13% |
| Hindustan Petroleum Corporation Ltd. | 0.27% | 0.12% |
| Bharat Forge Ltd. | 0.37% | 0.11% |
| ICICI Lombard General Insurance Company Ltd. | 0.31% | 0.11% |
| Vedanta Ltd. | 0.28% | 0.11% |
| Interglobe Aviation Ltd. | 0.75% | 0.10% |
| Lupin Ltd. | 0.37% | 0.10% |
| Asian Paints Ltd. | 0.73% | 0.09% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.09% |
| Polycab India Ltd. | 0.34% | 0.09% |
| Marico Ltd. | 0.33% | 0.09% |
| The Phoenix Mills Ltd. | 0.29% | 0.09% |
| National Aluminium Company Ltd. | 0.22% | 0.09% |
| UPL Ltd. | 0.22% | 0.09% |
| Alkem Laboratories Ltd. | 0.17% | 0.09% |
| Voltas Ltd. | 0.17% | 0.09% |
| Bajaj Finserv Ltd. | 0.53% | 0.08% |
| Persistent Systems Ltd. | 0.43% | 0.08% |
| Supreme Industries Ltd. | 0.17% | 0.08% |
| SBI Life Insurance Co. Ltd. | 0.61% | 0.07% |
| BSE Ltd. | 0.49% | 0.07% |
| PB Fintech Ltd. | 0.29% | 0.07% |
| Oberoi Realty Ltd. | 0.17% | 0.07% |
| Oil India Ltd. | 0.15% | 0.07% |
| Hero MotoCorp Ltd. | 0.50% | 0.06% |
| United Spirits Ltd. | 0.31% | 0.06% |
| GAIL (India) Ltd. | 0.31% | 0.06% |
| Bajaj Holdings & Investment Ltd. | 0.23% | 0.06% |
| Bosch Ltd. | 0.22% | 0.06% |
| Tube Investments of India Ltd. | 0.19% | 0.06% |
| Trent Ltd. | 0.56% | 0.05% |
| DLF Ltd. | 0.33% | 0.05% |
| REC Ltd. | 0.28% | 0.05% |
| NHPC Ltd. | 0.19% | 0.05% |
| Indian Bank | 0.17% | 0.05% |
| FSN E-Commerce Ventures Ltd. | 0.31% | 0.04% |
| ABB India Ltd. | 0.24% | 0.04% |
| Colgate Palmolive (India) Ltd. | 0.16% | 0.04% |
| Shree Cement Ltd. | 0.15% | 0.04% |
| ICICI Prudential Life Insurance Company Ltd. | 0.13% | 0.04% |
| Grasim Industries Ltd. | 0.66% | 0.03% |
| Nestle India Ltd. | 0.60% | 0.03% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 0.03% |
| Mankind Pharma Ltd. | 0.21% | 0.03% |
| Pidilite Industries Ltd. | 0.33% | 0.02% |
| Prestige Estates Projects Ltd. | 0.20% | 0.02% |
| Vishal Mega Mart Ltd. | 0.19% | 0.02% |
| Zydus Lifesciences Ltd. | 0.17% | 0.02% |
| Max Healthcare Institute Ltd. | 0.52% | 0.01% |
| Petronet LNG Ltd. | 0.17% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.6% means 54.6% 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 Motors Ltd. | 0.62% |
| Dr. Reddy's Laboratories Ltd. | 0.49% |
| Vedanta Aluminium Metal Ltd. | 0.45% |
| Britannia Industries Ltd. | 0.42% |
| Dixon Technologies (India) Ltd. | 0.39% |
Largest holdings only in SBI Arbitrage Fund
| Security | % of fund |
|---|---|
| SBI Liquid Fund - DIRECT PLAN -Growth Option | 7.25% |
| SBI Money Market Fund - Direct Plan - Growth Option | 7.06% |
| HDFC Bank Ltd. | 2.54% |
| Bank of Baroda | 1.06% |
| Union Bank of India | 1.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | SBI Arbitrage |
|---|---|---|
| Equity | 99.8% | 77.2% |
| Debt | 0.0% | 6.5% |
| Cash and others | 0.2% | 16.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | SBI Arbitrage |
|---|---|---|
| Large Cap | 80.6% | 61.8% |
| Mid Cap | 19.2% | 13.2% |
| Small Cap | 0.0% | 2.1% |
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 | SBI Arbitrage |
|---|---|---|
| Banks | 20.3% | 20.0% |
| IT - Software | 6.6% | 2.3% |
| Petroleum Products | 6.4% | 6.3% |
| Finance | 6.3% | 5.7% |
| Automobiles | 6.2% | 2.4% |
| Pharmaceuticals & Biotechnology | 5.6% | 3.4% |
| Telecom - Services | 4.7% | 4.1% |
| Power | 3.7% | 4.3% |
| 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 SBI Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | SBI Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.47% |
| Base expense ratio (Direct) | 0.00% | 0.34% |
| Total expense ratio (Regular) | Not available | 1.99% |
| Base expense ratio (Regular) | 0.16% | 0.78% |
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 SBI Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and SBI Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, SBI Arbitrage Fund is an Arbitrage fund, run by Aditya Birla Sun Life Mutual Fund and SBI Mutual Fund. Their portfolios overlap 54.6%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and SBI Arbitrage Fund 1.47%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or SBI Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 1.47%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and SBI Arbitrage Fund overlap?
54.6%. They hold 142 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or SBI Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and SBI Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 15.37% and 1.07% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and SBI Arbitrage Fund?
Yes. 54.6% 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 SBI Arbitrage Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. SBI Arbitrage Fund: Neeraj Kumar - Equity, Ardhendu Bhattacharya.
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.