Axis Income Plus Arbitrage Omni FOF vs Franklin India Income Plus Arbitrage Active Fund of Funds
Direct Plan, Growth option · Data as on 29-10-2026
Axis Income Plus Arbitrage Omni FOF is a Fund of Funds fund and Franklin India Income Plus Arbitrage Active Fund of Funds is a Fund of Funds fund. In the 3 years to 29-10-2026, Axis Income Plus Arbitrage Omni FOF (Direct) returned 7.8% a year and Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) returned 13.1% a year. Axis Income Plus Arbitrage Omni FOF charges 0.06% a year and Franklin India Income Plus Arbitrage Active Fund of Funds 0.20% (Direct plans). Their portfolios overlap 18.5%: they hold 3 of the same securities.
Axis Income Plus Arbitrage Omni FOF
Fund of Funds
- 3 year return
- 7.8%
- Expense ratio
- 0.06%
- NAV
- ₹15.76
Franklin India Income Plus Arbitrage Active Fund of Funds
Fund of Funds
- 3 year return
- 13.1%
- Expense ratio
- 0.20%
- NAV
- ₹25.48
Which is better, Axis Income Plus Arbitrage Omni FOF or Franklin India Income Plus Arbitrage Active Fund of Funds? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India Income Plus Arbitrage Active Fund of Funds returned more over 5 years: 10.5% a year against 6.6%.
- Franklin India Income Plus Arbitrage Active Fund of Funds returned more over 3 years: 13.1% a year against 7.8%.
- Axis Income Plus Arbitrage Omni FOF costs less: 0.06% a year against 0.20% (Direct plans).
- Axis Income Plus Arbitrage Omni FOF swung less over 3 years: a standard deviation of 1.6% a year against 4.2%.
- Axis Income Plus Arbitrage Omni FOF fell less in its worst fall since 31-01-2020: −2.8% against −27.6%.
- Axis Income Plus Arbitrage Omni FOF is the larger fund: ₹2,222 Cr against ₹142 Cr.
- Their portfolios overlap 18.5%: 3 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 | Franklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| Fund house | Axis Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹2,222 Cr (30-09-2026) | ₹142 Cr (30-09-2026) |
| NAV | ₹15.76 (Direct) | ₹25.48 (Direct) |
| Expense ratio (Direct) | 0.06% | 0.20% |
| Expense ratio (Regular) | 0.54% | 0.53% |
| Riskometer | Moderate | Not available |
| Benchmark | 65% NIFTY Composite Debt Index +35% Nifty 50 Arbitrage TRI | (65%) NIFTY Short Duration Debt Index + (35%) NIFTY 50 Arbitrage Index |
| Launch date | 28-01-2020 | 28-11-2014 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Devang Shah, Hardik Shah, Anagha Darade | Rohan Maru, Rahul Goswami |
| Exit load | Nil | Nil |
Axis Income Plus Arbitrage Omni FOF vs Franklin India Income Plus Arbitrage Active Fund of Funds: 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% | -- |
| Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) | +0.27% | +0.94% | +2.75% | +5.65% | +13.05% | +10.50% | +8.24% |
Axis Income Plus Arbitrage Omni FOF vs Franklin India Income Plus Arbitrage Active Fund of Funds: Year-wise Returns
| Year | Axis Income Plus Arbitrage Omni FOFAxis Income Plus Arbitrage Omni FOF | Franklin India Income Plus Arbitrage Active Fund of FundsFranklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| 2026to date | +4.22% | +4.57% |
| 2025 | +8.19% | +14.84% |
| 2024 | +9.07% | +12.75% |
| 2023 | +7.03% | +16.08% |
| 2022 | +3.91% | +4.77% |
| 2021 | +5.22% | +26.71% |
Axis Income Plus Arbitrage Omni FOF vs Franklin India Income Plus Arbitrage Active Fund of Funds: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 914 of them, one for each trading day from 31-01-2023 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Income Plus Arbitrage Omni FOF (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (Direct)
to
May 2023Jan 2021
to
Jan 2024Aug 2021
to
Aug 2024Apr 2022
to
Apr 2025Dec 2022
to
Dec 2025Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Income Plus Arbitrage Omni FOF | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 6.7% | 5.1% | 8.5% |
| Franklin India Income Plus Arbitrage Active Fund of Funds | 0.0 | 0.8 | 5.1 | 66.9 | 27.3 | 0.0 | 0.0 | 13.6% | 14.1% | 4.3% | 17.6% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 31-01-2020. Past returns do not promise future returns.
Axis Income Plus Arbitrage Omni FOF vs Franklin India Income Plus Arbitrage Active Fund of Funds: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 31-01-2020 to 29-10-2026: 82 instalments, ₹8,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Income Plus Arbitrage Omni FOFAxis Income Plus Arbitrage Omni FOF (Direct) | ₹8,20,000 | ₹10,38,953 | ₹2,18,953 | 6.8% |
| Franklin India Income Plus Arbitrage Active Fund of FundsFranklin India Income Plus Arbitrage Active Fund of Funds (Direct) | ₹8,20,000 | ₹12,39,032 | ₹4,19,032 | 11.9% |
Axis Income Plus Arbitrage Omni FOFAxis Income Plus Arbitrage Omni FOF (Direct)
Franklin India Income Plus Arbitrage Active Fund of FundsFranklin India Income Plus Arbitrage Active Fund of Funds (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Income Plus Arbitrage Omni FOF vs Franklin India Income Plus Arbitrage Active Fund of Funds: 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) | Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +5.16% | +5.65% |
| Standard deviation | 0.95% | 0.81% |
| Sharpe ratio | -0.08 | 0.52 |
| Sortino ratio | -0.11 | 0.79 |
| Maximum drawdown | −0.3% (21-05-2026) | −0.3% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2025 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.
| Measure | Axis Income Plus Arbitrage Omni FOF (Direct) | Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +7.84% | +13.05% |
| Standard deviation | 1.58% | 4.24% |
| Sharpe ratio | 1.15 | 1.65 |
| Sortino ratio | 1.67 | 2.53 |
| Maximum drawdown | −0.8% (07-10-2024) | −3.9% (14-11-2024) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-10-2023 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.
| Measure | Axis Income Plus Arbitrage Omni FOF (Direct) | Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +6.60% | +10.50% |
| Standard deviation | 1.49% | 4.66% |
| Sharpe ratio | 0.54 | 1.01 |
| Sortino ratio | 0.76 | 1.49 |
| Maximum drawdown | −1.1% (06-05-2022) | −5.2% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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.
| Measure | Axis Income Plus Arbitrage Omni FOF (Direct) | Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +8.17% |
| Standard deviation | 1.87% | 8.61% |
| Sharpe ratio | 0.98 | 0.29 |
| Sortino ratio | 1.55 | 0.33 |
| Maximum drawdown | −2.8% (23-03-2020) | −27.6% (19-05-2020) |
| 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)
Franklin India Income Plus Arbitrage Active Fund of Funds (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) | −2.8% | 09-03-2020 | 23-03-2020 | 20-04-2020 | 28 days | −0.1% |
| Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) | −27.6% | 24-02-2020 | 19-05-2020 | 02-07-2021 | 13 months | −0.0% |
From daily values since 31-01-2020, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Income Plus Arbitrage Omni FOF (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Income Plus Arbitrage Omni FOF (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Income Plus Arbitrage Omni FOF (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (Direct)
Axis Income Plus Arbitrage Omni FOF vs Franklin India Income Plus Arbitrage Active Fund of Funds: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Income Plus Arbitrage Omni FOF, September 2026; Franklin India Income Plus Arbitrage Active Fund of Funds, September 2026
Holdings in common
- Overlap
- 18.5%
- Held by both
- 3
- Only in Axis Income Plus Arbitrage Omni FOF
- 3
- Only in Franklin India Income Plus Arbitrage Active Fund of Funds
- 7
| Security | % of Axis Income Plus Arbitrage Omni FOF | % of Franklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan | 13.55% | 7.32% |
| Kotak Arbitrage Fund - Growth - Direct | 9.18% | 7.12% |
| Axis Corporate Bond Fund - Direct Plan Growth | 40.08% | 4.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.5% means 18.5% 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 Arbitrage Fund Direct Plan Growth | 23.63% |
| 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 Franklin India Income Plus Arbitrage Active Fund of Funds
| Security | % of fund |
|---|---|
| Franklin India Money Market Fund - Direct-Growth Plan | 19.81% |
| Franklin India Arbitrage Fund - Direct Plan - Growth | 19.72% |
| Franklin India Corporate Bond Fund - Direct Plan - Growth | 19.72% |
| Franklin India Gilt Fund - Direct Plan - Growth | 10.37% |
| Tata Arbitrage Fund - Direct Plan - Growth | 6.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Income Plus Arbitrage Omni FOF | Franklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Axis Income Plus Arbitrage Omni FOF vs Franklin India Income Plus Arbitrage Active Fund of Funds: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Income Plus Arbitrage Omni FOF | Franklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| Total expense ratio (Direct) | 0.06% | 0.20% |
| Base expense ratio (Direct) | 0.05% | 0.17% |
| Total expense ratio (Regular) | 0.54% | 0.53% |
| Base expense ratio (Regular) | 0.45% | 0.45% |
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 Franklin India Income Plus Arbitrage Active Fund of Funds: Frequently Asked Questions
What is the difference between Axis Income Plus Arbitrage Omni FOF and Franklin India Income Plus Arbitrage Active Fund of Funds?
Axis Income Plus Arbitrage Omni FOF is a Fund of Funds fund, Franklin India Income Plus Arbitrage Active Fund of Funds is a Fund of Funds fund, run by Axis Mutual Fund and Franklin Templeton Mutual Fund. Their portfolios overlap 18.5%. Axis Income Plus Arbitrage Omni FOF charges 0.06% a year and Franklin India Income Plus Arbitrage Active Fund of Funds 0.20%.
Which has given higher returns, Axis Income Plus Arbitrage Omni FOF or Franklin India Income Plus Arbitrage Active Fund of Funds?
Over 1 year: Axis Income Plus Arbitrage Omni FOF +5.16%, Franklin India Income Plus Arbitrage Active Fund of Funds +5.65%. Over 3 years: Axis Income Plus Arbitrage Omni FOF +7.84% a year, Franklin India Income Plus Arbitrage Active Fund of Funds +13.05% a year. Over 5 years: Axis Income Plus Arbitrage Omni FOF +6.60% a year, Franklin India Income Plus Arbitrage Active Fund of Funds +10.50% a year. As on 29-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Income Plus Arbitrage Omni FOF or Franklin India Income Plus Arbitrage Active Fund of Funds?
Axis Income Plus Arbitrage Omni FOF charges less: 0.06% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Income Plus Arbitrage Omni FOF and Franklin India Income Plus Arbitrage Active Fund of Funds overlap?
18.5%. They hold 3 of the same securities, the largest shared ones being Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan, Kotak Arbitrage Fund - Growth - Direct, Axis Corporate Bond Fund - Direct Plan Growth. From each fund's latest monthly portfolio.
Which is better for SIP, Axis Income Plus Arbitrage Omni FOF or Franklin India Income Plus Arbitrage Active Fund of Funds?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹7,29,810 in Axis Income Plus Arbitrage Omni FOF (XIRR 7.0% a year) and ₹8,10,345 in Franklin India Income Plus Arbitrage Active Fund of Funds (XIRR 11.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Income Plus Arbitrage Omni FOF and Franklin India Income Plus Arbitrage Active Fund of Funds?
Yes. 18.5% 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 Franklin India Income Plus Arbitrage Active Fund of Funds?
Axis Income Plus Arbitrage Omni FOF: Devang Shah, Hardik Shah, Anagha Darade. Franklin India Income Plus Arbitrage Active Fund of Funds: Rohan Maru, Rahul Goswami.
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.