Bajaj Finserv Arbitrage Fund vs Capitalmind Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Arbitrage Fund and Capitalmind Arbitrage Fund are both Arbitrage funds. Bajaj Finserv Arbitrage Fund charges 1.29% a year and Capitalmind Arbitrage Fund 1.18% (Direct plans). Their portfolios overlap 35.9%: they hold 44 of the same securities.
Which is better, Bajaj Finserv Arbitrage or Capitalmind Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Capitalmind Arbitrage costs less: 1.18% a year against 1.29% (Direct plans).
- Bajaj Finserv Arbitrage fell less in its worst fall since 20-03-2026: −0.4% against −0.6%.
- Bajaj Finserv Arbitrage is the larger fund: ₹1,375 Cr against ₹23 Cr.
- Their portfolios overlap 35.9%: 44 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 | Capitalmind Arbitrage Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Capitalmind Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹1,375 Cr (30-09-2026) | ₹23 Cr (30-09-2026) |
| NAV | ₹12.36 (Direct) | ₹10.39 (Direct) |
| Expense ratio (Direct) | 1.29% | 1.18% |
| Expense ratio (Regular) | 1.99% | 1.96% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage TRI |
| Launch date | 15-09-2023 | 16-03-2026 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ilesh Savla, Siddharth Chaudhary | Prateek Jain, Anoop Vijaykumar |
| 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 15 days |
Bajaj Finserv Arbitrage vs Capitalmind 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.18% | +6.61% | +6.98% | -- | -- |
| Capitalmind Arbitrage Fund (Direct) | +0.66% | +1.51% | +3.07% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Bajaj Finserv Arbitrage vs Capitalmind Arbitrage: Year-wise Returns
| Year | Bajaj FinservBajaj Finserv Arbitrage | CapitalmindCapitalmind Arbitrage |
|---|---|---|
| 2026to date | +5.41% | -- |
| 2025 | +6.75% | -- |
| 2024 | +7.61% | -- |
Bajaj Finserv Arbitrage vs Capitalmind Arbitrage: Rolling Returns
Every holding period of both funds
Bajaj Finserv Arbitrage vs Capitalmind Arbitrage: 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) | Capitalmind Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.00% | +6.19% |
| Standard deviation | 1.08% | 1.94% |
| Sharpe ratio | 0.87 | 0.47 |
| Sortino ratio | 1.33 | 0.70 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.6% (29-09-2026) |
| 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)
Capitalmind Arbitrage 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% |
| Capitalmind Arbitrage Fund (Direct) | −0.6% | 18-09-2026 | 29-09-2026 | 05-10-2026 | 6 days | 0.0% |
From daily values since 20-03-2026, the first day every fund has.
Bajaj Finserv Arbitrage vs Capitalmind Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Arbitrage Fund, September 2026; Capitalmind Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 35.9%
- Held by both
- 44
- Only in Bajaj Finserv Arbitrage
- 79
- Only in Capitalmind Arbitrage
- 6
| Security | % of Bajaj Finserv Arbitrage | % of Capitalmind Arbitrage |
|---|---|---|
| Reliance Industries Limited | 5.21% | 5.45% |
| ICICI Bank Limited | 6.41% | 4.45% |
| Steel Authority of India Limited | 2.92% | 3.36% |
| Canara Bank | 2.44% | 5.64% |
| HDFC Bank Limited | 6.18% | 2.42% |
| Bharti Airtel Limited | 2.08% | 2.92% |
| Axis Bank Limited | 1.35% | 3.35% |
| Hindustan Zinc Limited | 0.99% | 1.21% |
| Bharat Electronics Limited | 1.31% | 0.97% |
| Larsen & Toubro Limited | 0.95% | 1.73% |
| NMDC Limited | 0.95% | 4.74% |
| Bajaj Finance Limited | 2.36% | 0.94% |
| State Bank of India | 1.22% | 0.94% |
| Vodafone Idea Limited | 0.85% | 0.81% |
| Punjab National Bank | 1.10% | 0.79% |
| PB Fintech Limited | 0.74% | 0.81% |
| Life Insurance Corporation Of India | 0.68% | 0.97% |
| Indus Towers Limited | 0.60% | 1.11% |
| Bandhan Bank Limited | 0.97% | 0.56% |
| LIC Housing Finance Limited | 0.56% | 0.70% |
| Apollo Hospitals Enterprise Limited | 0.73% | 0.45% |
| HDFC Life Insurance Company Limited | 0.42% | 0.50% |
| ITC Limited | 0.84% | 0.40% |
| Manappuram Finance Limited | 0.29% | 2.90% |
| Shriram Finance Limited | 0.27% | 0.35% |
| Eicher Motors Limited | 0.24% | 1.88% |
| Godrej Properties Limited | 0.32% | 0.23% |
| Suzlon Energy Limited | 0.29% | 0.22% |
| HCL Technologies Limited | 0.23% | 0.22% |
| Crompton Greaves Consumer Electricals Limited | 0.34% | 0.20% |
| Marico Limited | 0.20% | 0.41% |
| Hindustan Aeronautics Limited | 0.19% | 2.14% |
| Pidilite Industries Limited | 0.19% | 1.92% |
| NBCC (India) Limited | 0.18% | 1.78% |
| Adani Energy Solutions Limited | 0.14% | 1.16% |
| Fortis Healthcare Limited | 0.13% | 0.78% |
| Sun Pharmaceutical Industries Limited | 0.12% | 0.56% |
| Coforge Limited | 0.12% | 5.45% |
| Cholamandalam Investment and Finance Company Ltd | 0.10% | 0.89% |
| Bank of Baroda | 0.07% | 1.18% |
| Varun Beverages Limited | 0.05% | 0.24% |
| Indian Oil Corporation Limited | 0.05% | 1.44% |
| Indian Energy Exchange Limited | 0.04% | 1.42% |
| InterGlobe Aviation Limited | 0.04% | 2.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.9% means 35.9% 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% |
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | 12.06% |
| Indian Bank (12/01/2027) | 1.78% |
| IDFC First Bank Limited | 1.62% |
| NTPC Limited | 1.39% |
Largest holdings only in Capitalmind Arbitrage Fund
| Security | % of fund |
|---|---|
| Capitalmind Liquid Fund - Direct-Growth | 14.84% |
| Torrent Pharmaceuticals Limited | 2.10% |
| GE Vernova T&D India Limited | 1.84% |
| Tata Consumer Products Limited | 0.69% |
| 364 Days Tbill (MD 25/12/2026) | 0.65% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Arbitrage | Capitalmind Arbitrage |
|---|---|---|
| Equity | 69.8% | 77.9% |
| Debt | 1.8% | 0.7% |
| Cash and others | 28.4% | 21.4% |
Market cap of stocks
| Market cap | Bajaj Finserv Arbitrage | Capitalmind Arbitrage |
|---|---|---|
| Large Cap | 52.9% | 52.5% |
| Mid Cap | 13.7% | 17.8% |
| Small Cap | 3.1% | 7.6% |
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 | Capitalmind Arbitrage |
|---|---|---|
| Banks | 24.4% | 19.3% |
| Petroleum Products | 5.3% | 6.9% |
| Finance | 5.9% | 5.8% |
| IT - Software | 1.7% | 5.7% |
| Telecom - Services | 3.5% | 4.8% |
| Minerals & Mining | 0.9% | 4.7% |
| Ferrous Metals | 3.8% | 3.4% |
| Automobiles | 2.3% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Arbitrage vs Capitalmind Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Arbitrage Fund | Capitalmind Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.29% | 1.18% |
| Base expense ratio (Direct) | 0.31% | 0.18% |
| Total expense ratio (Regular) | 1.99% | 1.96% |
| Base expense ratio (Regular) | 0.90% | 0.86% |
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
Bajaj Finserv Arbitrage Fund vs Capitalmind Arbitrage Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Arbitrage Fund and Capitalmind Arbitrage Fund?
Both are Arbitrage funds, run by Bajaj Finserv Mutual Fund and Capitalmind Mutual Fund. Their portfolios overlap 35.9%. Bajaj Finserv Arbitrage Fund charges 1.29% a year and Capitalmind Arbitrage Fund 1.18%.
Which has the lower expense ratio, Bajaj Finserv Arbitrage Fund or Capitalmind Arbitrage Fund?
Capitalmind Arbitrage Fund charges less: 1.18% a year against 1.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Arbitrage Fund and Capitalmind Arbitrage Fund overlap?
35.9%. They hold 44 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, SAIL. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Arbitrage Fund or Capitalmind Arbitrage Fund?
On SEBI's riskometer, Bajaj Finserv Arbitrage Fund is rated Low and Capitalmind Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.08% and 1.94% a year.
Can I invest in both Bajaj Finserv Arbitrage Fund and Capitalmind Arbitrage Fund?
Yes. 35.9% 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 Capitalmind Arbitrage Fund?
Bajaj Finserv Arbitrage Fund: Ilesh Savla, Siddharth Chaudhary. Capitalmind Arbitrage Fund: Prateek Jain, Anoop Vijaykumar.
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.