Axis Income Plus Arbitrage Omni FOF vs Axis Income Plus Arbitrage Passive FOF
Direct Plan, Growth option · Data as on 29-10-2026
Axis Income Plus Arbitrage Omni FOF is a Fund of Funds fund and Axis Income Plus Arbitrage Passive FOF is a Fund of Funds fund. Axis Income Plus Arbitrage Omni FOF charges 0.06% a year and Axis Income Plus Arbitrage Passive FOF 0.06% (Direct plans). Their portfolios overlap 23.6%: they hold 1 of the same security.
Axis Income Plus Arbitrage Omni FOF
Fund of Funds
- Expense ratio
- 0.06%
- NAV
- ₹15.76
Axis Income Plus Arbitrage Passive FOF
Fund of Funds
- Expense ratio
- 0.06%
- NAV
- ₹10.59
Which is better, Axis Income Plus Arbitrage Omni FOF or Axis Income Plus Arbitrage Passive FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Income Plus Arbitrage Passive FOF fell less in its worst fall since 17-11-2025: −0.1% against −0.3%.
- Axis Income Plus Arbitrage Omni FOF is the larger fund: ₹2,222 Cr against ₹114 Cr.
- Their portfolios overlap 23.6%: 1 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 | Axis Income Plus Arbitrage Omni FOF | Axis Income Plus Arbitrage Passive FOF |
|---|---|---|
| Fund house | Axis Mutual Fund | Axis Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹2,222 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹15.76 (Direct) | ₹10.59 (Direct) |
| Expense ratio (Direct) | 0.06% | 0.06% |
| Expense ratio (Regular) | 0.54% | 0.41% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | 65% NIFTY Composite Debt Index +35% Nifty 50 Arbitrage TRI | 65% NIFTY Short Duration Debt Index + 35% Nifty 50 Arbitrage TRI |
| Launch date | 28-01-2020 | 12-11-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Devang Shah, Hardik Shah, Anagha Darade | Devang Shah, Aditya Pagaria, and Mr. Hardik Satra |
| Exit load | Nil | NIL |
Axis Income Plus Arbitrage Omni FOF vs Axis Income Plus Arbitrage Passive FOF: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Income Plus Arbitrage Omni FOF (Direct) | +0.20% | +0.63% | +2.64% | +5.16% | +7.84% | +6.60% | -- |
| Axis Income Plus Arbitrage Passive FOF (Direct) | +0.43% | +1.39% | +3.10% | -- | -- | -- | -- |
Axis Income Plus Arbitrage Omni FOF vs Axis Income Plus Arbitrage Passive FOF: Year-wise Returns
| Year | OmniAxis Income Plus Arbitrage Omni FOF | PassiveAxis Income Plus Arbitrage Passive FOF |
|---|---|---|
| 2026to date | +4.22% | +5.06% |
| 2025 | +8.19% | -- |
| 2024 | +9.07% | -- |
| 2023 | +7.03% | -- |
| 2022 | +3.91% | -- |
| 2021 | +5.22% | -- |
Axis Income Plus Arbitrage Omni FOF vs Axis Income Plus Arbitrage Passive FOF: Rolling Returns
Every holding period of both funds
Axis Income Plus Arbitrage Omni FOF vs Axis Income Plus Arbitrage Passive FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Income Plus Arbitrage Omni FOF (Direct) | Axis Income Plus Arbitrage Passive FOF (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +6.10% |
| Standard deviation | 1.87% | 0.66% |
| Sharpe ratio | 0.98 | 1.34 |
| Sortino ratio | 1.55 | 2.12 |
| Maximum drawdown | −2.8% (23-03-2020) | −0.1% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 31-01-2020 to 29-10-2026. 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.
Axis Income Plus Arbitrage Omni FOF (Direct)
Axis Income Plus Arbitrage Passive FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Income Plus Arbitrage Omni FOF (Direct) | −0.3% | 08-05-2026 | 21-05-2026 | 01-06-2026 | 11 days | −0.1% |
| Axis Income Plus Arbitrage Passive FOF (Direct) | −0.1% | 19-05-2026 | 22-05-2026 | 31-05-2026 | 9 days | −0.0% |
From daily values since 17-11-2025, the first day every fund has.
Axis Income Plus Arbitrage Omni FOF vs Axis Income Plus Arbitrage Passive FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Income Plus Arbitrage Omni FOF, September 2026; Axis Income Plus Arbitrage Passive FOF, September 2026
Holdings in common
- Overlap
- 23.6%
- Held by both
- 1
- Only in Axis Income Plus Arbitrage Omni FOF
- 5
- Only in Axis Income Plus Arbitrage Passive FOF
- 1
| Security | % of Axis Income Plus Arbitrage Omni FOF | % of Axis Income Plus Arbitrage Passive FOF |
|---|---|---|
| Axis Arbitrage Fund Direct Plan Growth | 23.63% | 35.57% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.6% means 23.6% 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 Axis Income Plus Arbitrage Omni FOF
| Security | % of fund |
|---|---|
| Axis Corporate Bond Fund - Direct Plan Growth | 40.08% |
| Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan | 13.55% |
| Kotak Arbitrage Fund - Growth - Direct | 9.18% |
| Nippon India Corporate Bond Fund - Direct Plan-Growth Plan | 9.12% |
| Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth option | 1.86% |
Largest holdings only in Axis Income Plus Arbitrage Passive FOF
| Security | % of fund |
|---|---|
| Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund - Direct Plan - Growth Option | 63.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Income Plus Arbitrage Omni FOF | Axis Income Plus Arbitrage Passive FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Axis Income Plus Arbitrage Omni FOF vs Axis Income Plus Arbitrage Passive FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Income Plus Arbitrage Omni FOF | Axis Income Plus Arbitrage Passive FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.06% | 0.06% |
| Base expense ratio (Direct) | 0.05% | 0.05% |
| Total expense ratio (Regular) | 0.54% | 0.41% |
| Base expense ratio (Regular) | 0.45% | 0.35% |
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.
Axis Income Plus Arbitrage Omni FOF vs Axis Income Plus Arbitrage Passive FOF: Frequently Asked Questions
What is the difference between Axis Income Plus Arbitrage Omni FOF and Axis Income Plus Arbitrage Passive FOF?
Axis Income Plus Arbitrage Omni FOF is a Fund of Funds fund, Axis Income Plus Arbitrage Passive FOF is a Fund of Funds fund, run by Axis Mutual Fund. Their portfolios overlap 23.6%. Axis Income Plus Arbitrage Omni FOF charges 0.06% a year and Axis Income Plus Arbitrage Passive FOF 0.06%.
Which has the lower expense ratio, Axis Income Plus Arbitrage Omni FOF or Axis Income Plus Arbitrage Passive FOF?
Both charge 0.06% a year.
How much do Axis Income Plus Arbitrage Omni FOF and Axis Income Plus Arbitrage Passive FOF overlap?
23.6%. They hold 1 of the same securities, the largest shared ones being Axis Arbitrage Fund Direct Plan Growth. From each fund's latest monthly portfolio.
Which is riskier, Axis Income Plus Arbitrage Omni FOF or Axis Income Plus Arbitrage Passive FOF?
On SEBI's riskometer, Axis Income Plus Arbitrage Omni FOF is rated Moderate and Axis Income Plus Arbitrage Passive FOF Low to Moderate. Over their common history, the standard deviation of daily returns was 1.87% and 0.66% a year.
Can I invest in both Axis Income Plus Arbitrage Omni FOF and Axis Income Plus Arbitrage Passive FOF?
Yes. 23.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Income Plus Arbitrage Omni FOF and Axis Income Plus Arbitrage Passive FOF?
Axis Income Plus Arbitrage Omni FOF: Devang Shah, Hardik Shah, Anagha Darade. Axis Income Plus Arbitrage Passive FOF: Devang Shah, Aditya Pagaria, and Mr. Hardik Satra.
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.