Bajaj Finserv Arbitrage Fund vs Bajaj Finserv Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Arbitrage Fund is an Arbitrage fund and Bajaj Finserv Equity Savings Fund is an Equity Savings fund. In the year to 30-10-2026, Bajaj Finserv Arbitrage Fund (Direct) returned 6.6% and Bajaj Finserv Equity Savings Fund (Direct) returned 3.8%. Bajaj Finserv Arbitrage Fund charges 1.29% a year and Bajaj Finserv Equity Savings Fund 1.05% (Direct plans). Their portfolios overlap 36.3%: they hold 31 of the same securities.
Bajaj Finserv Arbitrage Fund
Arbitrage
- 1 year return
- 6.6%
- Expense ratio
- 1.29%
- NAV
- ₹12.36
Bajaj Finserv Equity Savings Fund
Equity Savings
- 1 year return
- 3.8%
- Expense ratio
- 1.05%
- NAV
- ₹10.49
Which is better, Bajaj Finserv Arbitrage or Bajaj Finserv Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Arbitrage returned more over 1 year: 6.6% against 3.8%.
- Bajaj Finserv Equity Savings costs less: 1.05% a year against 1.29% (Direct plans).
- Bajaj Finserv Arbitrage fell less in its worst fall since 21-08-2025: −0.4% against −1.6%.
- Bajaj Finserv Arbitrage is the larger fund: ₹1,375 Cr against ₹40 Cr.
- Their portfolios overlap 36.3%: 31 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 | Bajaj Finserv Arbitrage Fund | Bajaj Finserv Equity Savings Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Bajaj Finserv Mutual Fund |
| Category | Arbitrage | Equity Savings |
| AUM | ₹1,375 Cr (30-09-2026) | ₹40 Cr (30-09-2026) |
| NAV | ₹12.36 (Direct) | ₹10.49 (Direct) |
| Expense ratio (Direct) | 1.29% | 1.05% |
| Expense ratio (Regular) | 1.99% | 2.23% |
| Riskometer | Low | Moderate |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty Equity Savings TRI |
| Launch date | 15-09-2023 | 19-08-2025 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Ilesh Savla, Siddharth Chaudhary | Sorbh Gupta, Ilesh Savla, Siddharth Chaudhary |
| Exit load | Entry load – not applicable Exit load – 0.25% of applicable NAV if redeemed/switched out within 15 days from the date of allotment. Nil if redeemed/switched out after 15 days from the date of allotment. | Exit load of 0.25%, if redeemed within 7 days. |
Bajaj Finserv Arbitrage vs Bajaj Finserv Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.18% | +6.61% | +6.98% | -- | -- |
| Bajaj Finserv Equity Savings Fund (Direct) | −0.35% | +0.06% | +0.90% | +3.77% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds and the 23 Equity Savings funds, same plan type.
Bajaj Finserv Arbitrage vs Bajaj Finserv Equity Savings: Year-wise Returns
| Year | ArbitrageBajaj Finserv Arbitrage | Equity SavingsBajaj Finserv Equity Savings |
|---|---|---|
| 2026to date | +5.41% | +2.68% |
| 2025 | +6.75% | -- |
| 2024 | +7.61% | -- |
Bajaj Finserv Arbitrage vs Bajaj Finserv Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 46 of them, one for each trading day from 21-08-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bajaj Finserv Arbitrage Fund (Direct)
Bajaj Finserv Equity Savings Fund (Direct)
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 6.2% | 6.8% |
| Bajaj Finserv Equity Savings | 0.0 | 52.2 | 47.8 | 0.0 | 0.0 | 0.0 | 0.0 | 4.8% | 5.0% | 3.3% | 5.6% |
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 21-08-2025. Past returns do not promise future returns.
Bajaj Finserv Arbitrage vs Bajaj Finserv Equity Savings: 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 01-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv ArbitrageBajaj Finserv Arbitrage Fund (Direct) | ₹1,50,000 | ₹1,56,395 | ₹6,395 | 6.5% |
| Bajaj Finserv Equity SavingsBajaj Finserv Equity Savings Fund (Direct) | ₹1,50,000 | ₹1,53,141 | ₹3,141 | 3.2% |
Bajaj Finserv ArbitrageBajaj Finserv Arbitrage Fund (Direct)
Bajaj Finserv Equity SavingsBajaj Finserv Equity Savings Fund (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.
Bajaj Finserv Arbitrage vs Bajaj Finserv Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Arbitrage Fund (Direct) | Bajaj Finserv Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.61% | +3.77% |
| Standard deviation | 1.39% | 2.63% |
| Sharpe ratio | 0.98 | -0.56 |
| Sortino ratio | 1.51 | -0.74 |
| Maximum drawdown | −0.4% (06-08-2026) | −1.6% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | Bajaj Finserv Arbitrage Fund (Direct) | Bajaj Finserv Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.00% | +3.93% |
| Standard deviation | 1.08% | 2.43% |
| Sharpe ratio | 0.87 | -0.56 |
| Sortino ratio | 1.33 | -0.74 |
| Maximum drawdown | −0.4% (06-08-2026) | −1.6% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 18-09-2023 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.
Bajaj Finserv Arbitrage Fund (Direct)
Bajaj Finserv Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
| Bajaj Finserv Equity Savings Fund (Direct) | −1.6% | 05-08-2026 | 23-10-2026 | Not yet | -- | −1.1% |
From daily values since 21-08-2025, 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.
Bajaj Finserv Arbitrage Fund (Direct)
Bajaj Finserv Equity Savings Fund (Direct)
Bajaj Finserv Arbitrage vs Bajaj Finserv Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Arbitrage Fund, September 2026; Bajaj Finserv Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 36.3%
- Held by both
- 31
- Only in Bajaj Finserv Arbitrage
- 92
- Only in Bajaj Finserv Equity Savings
- 15
| Security | % of Bajaj Finserv Arbitrage | % of Bajaj Finserv Equity Savings |
|---|---|---|
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | 12.06% | 18.83% |
| ICICI Bank Limited | 6.41% | 6.33% |
| HDFC Bank Limited | 6.18% | 4.52% |
| Axis Bank Limited | 1.35% | 2.97% |
| Bharat Electronics Limited | 1.31% | 1.67% |
| Hindalco Industries Limited | 1.05% | 2.49% |
| ITC Limited | 0.84% | 4.97% |
| Jio Financial Services Limited | 0.82% | 1.28% |
| Bandhan Bank Limited | 0.97% | 0.81% |
| Apollo Hospitals Enterprise Limited | 0.73% | 1.52% |
| Kotak Mahindra Bank Limited | 0.71% | 2.61% |
| Multi Commodity Exchange of India Limited | 0.66% | 2.61% |
| Indus Towers Limited | 0.60% | 1.44% |
| Power Finance Corporation Limited | 0.58% | 0.96% |
| The Federal Bank Limited | 0.58% | 2.20% |
| Solar Industries India Limited | 0.55% | 1.49% |
| Adani Ports and Special Economic Zone Limited | 0.55% | 0.86% |
| Hindustan Unilever Limited | 0.35% | 1.10% |
| Bajaj Finserv Limited | 0.33% | 2.66% |
| Larsen & Toubro Limited | 0.95% | 0.22% |
| Cipla Limited | 0.62% | 0.19% |
| Hindustan Aeronautics Limited | 0.19% | 2.29% |
| Infosys Limited | 0.80% | 0.16% |
| Oil & Natural Gas Corporation Limited | 0.16% | 0.77% |
| Reliance Industries Limited | 5.21% | 0.15% |
| Tata Consultancy Services Limited | 0.33% | 0.14% |
| NTPC Limited | 1.39% | 0.12% |
| Sun Pharmaceutical Industries Limited | 0.12% | 0.85% |
| Titan Company Limited | 0.08% | 0.50% |
| JSW Steel Limited | 0.04% | 1.06% |
| DLF Limited | 0.01% | 2.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.3% means 36.3% 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 Bajaj Finserv Arbitrage Fund
| Security | % of fund |
|---|---|
| Bajaj Finserv Liquid Fund - Direct Plan - Growth | 13.03% |
| Steel Authority of India Limited | 2.92% |
| Canara Bank | 2.44% |
| Bajaj Finance Limited | 2.36% |
| Bharti Airtel Limited | 2.08% |
Largest holdings only in Bajaj Finserv Equity Savings Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 4.04% |
| Torrent Pharmaceuticals Limited | 2.19% |
| Elantas Beck India Limited | 2.03% |
| Timken India Limited | 1.44% |
| UltraTech Cement Limited | 1.42% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Arbitrage | Bajaj Finserv Equity Savings |
|---|---|---|
| Equity | 69.8% | 63.4% |
| Debt | 1.8% | 0.0% |
| Cash and others | 28.4% | 36.6% |
Market cap of stocks
| Market cap | Bajaj Finserv Arbitrage | Bajaj Finserv Equity Savings |
|---|---|---|
| Large Cap | 52.9% | 50.3% |
| Mid Cap | 13.7% | 5.3% |
| Small Cap | 3.1% | 7.8% |
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 | Bajaj Finserv Arbitrage | Bajaj Finserv Equity Savings |
|---|---|---|
| Banks | 24.4% | 19.4% |
| Diversified FMCG | 1.2% | 6.1% |
| Finance | 5.9% | 4.9% |
| Petroleum Products | 5.3% | 0.1% |
| Aerospace & Defense | 1.5% | 4.0% |
| Ferrous Metals | 3.8% | 1.1% |
| Pharmaceuticals & Biotechnology | 1.1% | 3.8% |
| Telecom - Services | 3.5% | 1.4% |
| Chemicals & Petrochemicals | 0.7% | 3.5% |
| Automobiles | 2.3% | 0.5% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Arbitrage vs Bajaj Finserv Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Arbitrage Fund | Bajaj Finserv Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.29% | 1.05% |
| Base expense ratio (Direct) | 0.31% | 0.28% |
| Total expense ratio (Regular) | 1.99% | 2.23% |
| Base expense ratio (Regular) | 0.90% | 1.28% |
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
Compare Bajaj Finserv Arbitrage with
Compare Bajaj Finserv Equity Savings with
Bajaj Finserv Arbitrage Fund vs Bajaj Finserv Equity Savings Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Arbitrage Fund and Bajaj Finserv Equity Savings Fund?
Bajaj Finserv Arbitrage Fund is an Arbitrage fund, Bajaj Finserv Equity Savings Fund is an Equity Savings fund, run by Bajaj Finserv Mutual Fund. Their portfolios overlap 36.3%. Bajaj Finserv Arbitrage Fund charges 1.29% a year and Bajaj Finserv Equity Savings Fund 1.05%.
Which has given higher returns, Bajaj Finserv Arbitrage Fund or Bajaj Finserv Equity Savings Fund?
Over 1 year: Bajaj Finserv Arbitrage Fund +6.61%, Bajaj Finserv Equity Savings Fund +3.77%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Arbitrage Fund or Bajaj Finserv Equity Savings Fund?
Bajaj Finserv Equity Savings Fund charges less: 1.05% a year against 1.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Arbitrage Fund and Bajaj Finserv Equity Savings Fund overlap?
36.3%. They hold 31 of the same securities, the largest shared ones being Bajaj Finserv Money Market Fund-Direct Plan-Growth, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Arbitrage Fund or Bajaj Finserv Equity Savings Fund?
On SEBI's riskometer, Bajaj Finserv Arbitrage Fund is rated Low and Bajaj Finserv Equity Savings Fund Moderate. Over 1 years, the standard deviation of daily returns was 1.39% and 2.63% a year.
Can I invest in both Bajaj Finserv Arbitrage Fund and Bajaj Finserv Equity Savings Fund?
Yes. 36.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bajaj Finserv Arbitrage Fund and Bajaj Finserv Equity Savings Fund?
Bajaj Finserv Arbitrage Fund: Ilesh Savla, Siddharth Chaudhary. Bajaj Finserv Equity Savings Fund: Sorbh Gupta, Ilesh Savla, Siddharth Chaudhary.
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.