Bajaj Finserv Arbitrage Fund vs JioBlackRock Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Arbitrage Fund and JioBlackRock Arbitrage Fund are both Arbitrage funds. Bajaj Finserv Arbitrage Fund charges 1.29% a year and JioBlackRock Arbitrage Fund 1.99% (Direct plans). Their portfolios overlap 40.6%: they hold 88 of the same securities.
Which is better, Bajaj Finserv Arbitrage or JioBlackRock Arbitrage? 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 costs less: 1.29% a year against 1.99% (Direct plans).
- Bajaj Finserv Arbitrage fell less in its worst fall since 19-12-2025: −0.4% against −0.4%.
- Bajaj Finserv Arbitrage is the larger fund: ₹1,375 Cr against ₹558 Cr.
- Their portfolios overlap 40.6%: 88 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 | JioBlackRock Arbitrage Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹1,375 Cr (30-09-2026) | ₹558 Cr (30-09-2026) |
| NAV | ₹12.36 (Direct) | ₹10.61 (Direct) |
| Expense ratio (Direct) | 1.29% | 1.99% |
| Expense ratio (Regular) | 1.99% | 3.26% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage TRI |
| Launch date | 15-09-2023 | 21-08-2026 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Ilesh Savla, Siddharth Chaudhary | Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R |
| 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. | Nil |
Bajaj Finserv Arbitrage vs JioBlackRock 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% | -- | -- |
| JioBlackRock Arbitrage Fund (Direct) | +0.67% | +1.65% | +3.38% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Bajaj Finserv Arbitrage vs JioBlackRock Arbitrage: Year-wise Returns
| Year | Bajaj FinservBajaj Finserv Arbitrage | JioBlackRockJioBlackRock Arbitrage |
|---|---|---|
| 2026to date | +5.41% | +5.76% |
| 2025 | +6.75% | -- |
| 2024 | +7.61% | -- |
Bajaj Finserv Arbitrage vs JioBlackRock Arbitrage: Rolling Returns
Every holding period of both funds
Bajaj Finserv Arbitrage vs JioBlackRock 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) | JioBlackRock Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.00% | +7.01% |
| Standard deviation | 1.08% | 1.50% |
| Sharpe ratio | 0.87 | 1.19 |
| Sortino ratio | 1.33 | 1.84 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.4% (06-08-2026) |
| 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)
JioBlackRock 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% |
| JioBlackRock Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | 0.0% |
From daily values since 19-12-2025, the first day every fund has.
Bajaj Finserv Arbitrage vs JioBlackRock Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Arbitrage Fund, September 2026; JioBlackRock Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 40.6%
- Held by both
- 88
- Only in Bajaj Finserv Arbitrage
- 35
- Only in JioBlackRock Arbitrage
- 33
| Security | % of Bajaj Finserv Arbitrage | % of JioBlackRock Arbitrage |
|---|---|---|
| ICICI Bank Limited | 6.41% | 7.14% |
| HDFC Bank Limited | 6.18% | 6.97% |
| Reliance Industries Limited | 5.21% | 6.48% |
| Canara Bank | 2.44% | 4.85% |
| Axis Bank Limited | 1.35% | 1.22% |
| State Bank of India | 1.22% | 2.14% |
| NMDC Limited | 0.95% | 0.93% |
| Adani Enterprises Limited | 0.86% | 1.57% |
| Vodafone Idea Limited | 0.85% | 5.24% |
| ITC Limited | 0.84% | 1.62% |
| Tata Steel Limited | 0.83% | 1.74% |
| Infosys Limited | 0.80% | 0.87% |
| Life Insurance Corporation Of India | 0.68% | 3.72% |
| IDFC First Bank Limited | 1.62% | 0.62% |
| Multi Commodity Exchange of India Limited | 0.66% | 0.60% |
| IndusInd Bank Limited | 0.59% | 0.70% |
| Power Finance Corporation Limited | 0.58% | 0.64% |
| The Federal Bank Limited | 0.58% | 1.09% |
| Yes Bank Limited | 0.58% | 2.42% |
| Bharti Airtel Limited | 2.08% | 0.54% |
| Hindalco Industries Limited | 1.05% | 0.41% |
| Bajaj Finance Limited | 2.36% | 0.40% |
| Bharat Electronics Limited | 1.31% | 0.37% |
| BSE Limited | 0.56% | 0.34% |
| Crompton Greaves Consumer Electricals Limited | 0.34% | 1.67% |
| Mahindra & Mahindra Limited | 1.08% | 0.34% |
| Godrej Properties Limited | 0.32% | 0.70% |
| Manappuram Finance Limited | 0.29% | 0.64% |
| Tata Consultancy Services Limited | 0.33% | 0.29% |
| Kotak Mahindra Bank Limited | 0.71% | 0.27% |
| Maruti Suzuki India Limited | 0.72% | 0.27% |
| Ashok Leyland Limited | 0.62% | 0.25% |
| Kalyan Jewellers India Limited | 0.24% | 0.31% |
| HCL Technologies Limited | 0.23% | 0.66% |
| Coal India Limited | 0.21% | 0.51% |
| Hindustan Aeronautics Limited | 0.19% | 0.21% |
| The Indian Hotels Company Limited | 0.46% | 0.18% |
| Oil & Natural Gas Corporation Limited | 0.16% | 0.21% |
| Aditya Birla Capital Limited | 0.57% | 0.15% |
| NTPC Limited | 1.39% | 0.15% |
| Jio Financial Services Limited | 0.82% | 0.14% |
| Marico Limited | 0.20% | 0.14% |
| Adani Power Limited | 0.13% | 1.00% |
| Hindustan Unilever Limited | 0.35% | 0.12% |
| Sun Pharmaceutical Industries Limited | 0.12% | 0.31% |
| Bharat Heavy Electricals Limited | 0.55% | 0.12% |
| LIC Housing Finance Limited | 0.56% | 0.11% |
| Punjab National Bank | 1.10% | 0.11% |
| Tata Power Company Limited | 0.28% | 0.11% |
| Indus Towers Limited | 0.60% | 0.09% |
| AU Small Finance Bank Limited | 0.40% | 0.09% |
| Titan Company Limited | 0.08% | 0.19% |
| Computer Age Management Services Limited | 0.08% | 0.09% |
| Bank of Baroda | 0.07% | 1.22% |
| Steel Authority of India Limited | 2.92% | 0.06% |
| Union Bank of India | 0.06% | 0.08% |
| APL Apollo Tubes Limited | 0.06% | 0.33% |
| Bajaj Finserv Limited | 0.33% | 0.06% |
| Cholamandalam Investment and Finance Company Ltd | 0.10% | 0.05% |
| Fortis Healthcare Limited | 0.13% | 0.05% |
| HDFC Life Insurance Company Limited | 0.42% | 0.05% |
| SBI Cards and Payment Services Limited | 0.05% | 0.12% |
| Varun Beverages Limited | 0.05% | 0.93% |
| Indian Oil Corporation Limited | 0.05% | 0.13% |
| Aurobindo Pharma Limited | 0.05% | 0.10% |
| HDFC Asset Management Company Limited | 0.11% | 0.05% |
| RBL Bank Limited | 0.12% | 0.05% |
| Coforge Limited | 0.12% | 0.04% |
| Mphasis Limited | 0.19% | 0.04% |
| Asian Paints Limited | 0.04% | 0.09% |
| Delhivery Limited | 0.04% | 0.44% |
| InterGlobe Aviation Limited | 0.04% | 0.05% |
| Samvardhana Motherson International Limited | 0.28% | 0.04% |
| Larsen & Toubro Limited | 0.95% | 0.04% |
| Indian Energy Exchange Limited | 0.04% | 0.03% |
| Hitachi Energy India Limited | 0.06% | 0.03% |
| Suzlon Energy Limited | 0.29% | 0.03% |
| Swiggy Limited | 0.02% | 1.19% |
| JSW Steel Limited | 0.04% | 0.02% |
| Eternal Limited | 0.28% | 0.01% |
| Sagility Limited | 0.01% | 0.03% |
| Hero MotoCorp Limited | 0.01% | 0.07% |
| DLF Limited | 0.01% | 0.02% |
| Divi's Laboratories Limited | 0.01% | 0.40% |
| Biocon Limited | 0.01% | 0.13% |
| Tube Investments of India Limited | 0.14% | 0.01% |
| Inox Wind Limited | 0.18% | 0.01% |
| Voltas Limited | 0.12% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.6% means 40.6% 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 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% |
| Hindustan Zinc Limited | 0.99% |
| Bandhan Bank Limited | 0.97% |
Largest holdings only in JioBlackRock Arbitrage Fund
| Security | % of fund |
|---|---|
| JioBlackRock Money Market Fund - Direct Plan - Growth Option | 11.16% |
| HDFC Bank Ltd (18-Jan-2027) | 4.39% |
| Canara Bank (28-Jan-2027) | 4.38% |
| JioBlackRock Liquid Fund - Direct Plan - Growth Option | 2.83% |
| PG Electroplast Ltd | 0.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Equity | 69.8% | 74.1% |
| Debt | 1.8% | 8.8% |
| Cash and others | 28.4% | 17.1% |
Market cap of stocks
| Market cap | Bajaj Finserv Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Large Cap | 52.9% | 56.6% |
| Mid Cap | 13.7% | 13.5% |
| Small Cap | 3.1% | 3.9% |
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 | JioBlackRock Arbitrage |
|---|---|---|
| Banks | 24.4% | 29.0% |
| Petroleum Products | 5.3% | 6.7% |
| Finance | 5.9% | 2.5% |
| Telecom - Services | 3.5% | 5.9% |
| Ferrous Metals | 3.8% | 1.8% |
| Insurance | 1.5% | 3.8% |
| Consumer Durables | 1.0% | 3.1% |
| Automobiles | 2.3% | 0.8% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Arbitrage vs JioBlackRock Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Arbitrage Fund | JioBlackRock Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.29% | 1.99% |
| Base expense ratio (Direct) | 0.31% | 0.28% |
| Total expense ratio (Regular) | 1.99% | 3.26% |
| Base expense ratio (Regular) | 0.90% | 0.90% |
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 JioBlackRock Arbitrage Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Arbitrage Fund and JioBlackRock Arbitrage Fund?
Both are Arbitrage funds, run by Bajaj Finserv Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 40.6%. Bajaj Finserv Arbitrage Fund charges 1.29% a year and JioBlackRock Arbitrage Fund 1.99%.
Which has the lower expense ratio, Bajaj Finserv Arbitrage Fund or JioBlackRock Arbitrage Fund?
Bajaj Finserv Arbitrage Fund charges less: 1.29% a year against 1.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Arbitrage Fund and JioBlackRock Arbitrage Fund overlap?
40.6%. They hold 88 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Arbitrage Fund or JioBlackRock Arbitrage Fund?
On SEBI's riskometer, Bajaj Finserv Arbitrage Fund is rated Low and JioBlackRock Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.08% and 1.50% a year.
Can I invest in both Bajaj Finserv Arbitrage Fund and JioBlackRock Arbitrage Fund?
Yes. 40.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bajaj Finserv Arbitrage Fund and JioBlackRock Arbitrage Fund?
Bajaj Finserv Arbitrage Fund: Ilesh Savla, Siddharth Chaudhary. JioBlackRock Arbitrage Fund: Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R.
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.