Bajaj Finserv Arbitrage Fund vs JioBlackRock Sector Rotation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Arbitrage Fund is an Arbitrage fund and JioBlackRock Sector Rotation Fund is a Thematic fund. Bajaj Finserv Arbitrage Fund charges 1.29% a year and JioBlackRock Sector Rotation Fund 0.80% (Direct plans). Their portfolios overlap 46.3%: they hold 108 of the same securities.
JioBlackRock Sector Rotation Fund
Thematic
- Expense ratio
- 0.80%
- NAV
- ₹9.43
Which is better, Bajaj Finserv Arbitrage or JioBlackRock Sector Rotation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JioBlackRock Sector Rotation costs less: 0.80% a year against 1.29% (Direct plans).
- Bajaj Finserv Arbitrage fell less in its worst fall since 19-02-2026: −0.4% against −12.5%.
- JioBlackRock Sector Rotation holds more in large companies: 68.3% of the fund in large caps against 52.9%.
- Bajaj Finserv Arbitrage is the larger fund: ₹1,375 Cr against ₹161 Cr.
- Their portfolios overlap 46.3%: 108 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 Sector Rotation Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Arbitrage | Thematic |
| AUM | ₹1,375 Cr (30-09-2026) | ₹161 Cr (30-09-2026) |
| NAV | ₹12.36 (Direct) | ₹9.43 (Direct) |
| Expense ratio (Direct) | 1.29% | 0.80% |
| Expense ratio (Regular) | 1.99% | 1.92% |
| Riskometer | Low | Very High |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 500 TRI |
| Launch date | 15-09-2023 | 13-02-2026 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Ilesh Savla, Siddharth Chaudhary | Sahil Chaudhary, Tanvi Kacheria |
| 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 Sector Rotation: 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 Sector Rotation Fund (Direct) | −0.77% | −5.74% | −2.70% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds and the 235 Thematic funds, same plan type.
Bajaj Finserv Arbitrage vs JioBlackRock Sector Rotation: Year-wise Returns
| Year | Bajaj Finserv ArbitrageBajaj Finserv Arbitrage | JioBlackRock Sector RotationJioBlackRock Sector Rotation |
|---|---|---|
| 2026to date | +5.41% | -- |
| 2025 | +6.75% | -- |
| 2024 | +7.61% | -- |
Bajaj Finserv Arbitrage vs JioBlackRock Sector Rotation: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of JioBlackRock Sector Rotation Fund
Bajaj Finserv Arbitrage vs JioBlackRock Sector Rotation: 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 Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.00% | −7.88% |
| Standard deviation | 1.08% | 15.17% |
| Sharpe ratio | 0.87 | -0.87 |
| Sortino ratio | 1.33 | -1.15 |
| Maximum drawdown | −0.4% (06-08-2026) | −12.5% (30-03-2026) |
| Beta | -- | 0.97 |
| Alpha | -- | −0.68% |
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 Sector Rotation Fund (Direct)
Nifty 500 TRI
| 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 Sector Rotation Fund (Direct) | −12.5% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −7.5% |
| Nifty 500 TRI | −12.6% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −7.9% |
From daily values since 19-02-2026, the first day every fund has.
Bajaj Finserv Arbitrage vs JioBlackRock Sector Rotation: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Arbitrage Fund, September 2026; JioBlackRock Sector Rotation Fund, September 2026
Holdings in common
- Overlap
- 46.3%
- Held by both
- 108
- Only in Bajaj Finserv Arbitrage
- 15
- Only in JioBlackRock Sector Rotation
- 188
| Security | % of Bajaj Finserv Arbitrage | % of JioBlackRock Sector Rotation |
|---|---|---|
| HDFC Bank Limited | 6.18% | 6.36% |
| ICICI Bank Limited | 6.41% | 5.57% |
| Reliance Industries Limited | 5.21% | 4.37% |
| Bharti Airtel Limited | 2.08% | 3.20% |
| Axis Bank Limited | 1.35% | 2.08% |
| Bajaj Finance Limited | 2.36% | 1.34% |
| State Bank of India | 1.22% | 2.36% |
| Mahindra & Mahindra Limited | 1.08% | 1.15% |
| Larsen & Toubro Limited | 0.95% | 2.31% |
| ITC Limited | 0.84% | 2.01% |
| Tata Steel Limited | 0.83% | 0.86% |
| Infosys Limited | 0.80% | 1.12% |
| Hindalco Industries Limited | 1.05% | 0.77% |
| Bharat Electronics Limited | 1.31% | 0.74% |
| Apollo Hospitals Enterprise Limited | 0.73% | 0.73% |
| Kotak Mahindra Bank Limited | 0.71% | 1.81% |
| Maruti Suzuki India Limited | 0.72% | 0.68% |
| Cipla Limited | 0.62% | 0.64% |
| BSE Limited | 0.56% | 0.63% |
| Adani Ports and Special Economic Zone Limited | 0.55% | 1.39% |
| NTPC Limited | 1.39% | 0.54% |
| The Federal Bank Limited | 0.58% | 0.46% |
| Adani Enterprises Limited | 0.86% | 0.44% |
| Multi Commodity Exchange of India Limited | 0.66% | 0.42% |
| Jio Financial Services Limited | 0.82% | 0.37% |
| IndusInd Bank Limited | 0.59% | 0.35% |
| AU Small Finance Bank Limited | 0.40% | 0.34% |
| Tata Consultancy Services Limited | 0.33% | 0.68% |
| Bajaj Finserv Limited | 0.33% | 0.52% |
| IDFC First Bank Limited | 1.62% | 0.32% |
| Bharat Heavy Electricals Limited | 0.55% | 0.32% |
| Indus Towers Limited | 0.60% | 0.29% |
| Eternal Limited | 0.28% | 0.89% |
| Samvardhana Motherson International Limited | 0.28% | 0.32% |
| Solar Industries India Limited | 0.55% | 0.28% |
| Shriram Finance Limited | 0.27% | 0.71% |
| Suzlon Energy Limited | 0.29% | 0.25% |
| Trent Limited | 0.25% | 0.65% |
| The Indian Hotels Company Limited | 0.46% | 0.25% |
| Power Finance Corporation Limited | 0.58% | 0.24% |
| Canara Bank | 2.44% | 0.24% |
| Eicher Motors Limited | 0.24% | 0.43% |
| Ashok Leyland Limited | 0.62% | 0.23% |
| TVS Motor Company Limited | 0.23% | 0.42% |
| HCL Technologies Limited | 0.23% | 0.41% |
| Punjab National Bank | 1.10% | 0.23% |
| Yes Bank Limited | 0.58% | 0.22% |
| Tata Power Company Limited | 0.28% | 0.21% |
| Vodafone Idea Limited | 0.85% | 0.21% |
| Coal India Limited | 0.21% | 0.55% |
| Marico Limited | 0.20% | 0.33% |
| Laurus Labs Limited | 0.20% | 0.65% |
| Hindustan Aeronautics Limited | 0.19% | 0.48% |
| Pidilite Industries Limited | 0.19% | 0.26% |
| SBI Life Insurance Company Limited | 0.26% | 0.18% |
| Aditya Birla Capital Limited | 0.57% | 0.16% |
| Oil & Natural Gas Corporation Limited | 0.16% | 0.47% |
| Hindustan Zinc Limited | 0.99% | 0.15% |
| NMDC Limited | 0.95% | 0.15% |
| Steel Authority of India Limited | 2.92% | 0.15% |
| Adani Energy Solutions Limited | 0.14% | 0.15% |
| Ambuja Cements Limited | 0.20% | 0.14% |
| HDFC Life Insurance Company Limited | 0.42% | 0.13% |
| Fortis Healthcare Limited | 0.13% | 0.35% |
| Adani Power Limited | 0.13% | 0.30% |
| Glenmark Pharmaceuticals Limited | 0.13% | 0.29% |
| Sun Pharmaceutical Industries Limited | 0.12% | 1.62% |
| Avenue Supermarts Limited | 0.12% | 0.31% |
| Voltas Limited | 0.12% | 0.13% |
| Coforge Limited | 0.12% | 0.20% |
| RBL Bank Limited | 0.12% | 0.15% |
| Godrej Properties Limited | 0.32% | 0.12% |
| Supreme Industries Limited | 0.13% | 0.12% |
| Tube Investments of India Limited | 0.14% | 0.11% |
| HDFC Asset Management Company Limited | 0.11% | 0.24% |
| Shree Cement Limited | 0.10% | 0.17% |
| Cholamandalam Investment and Finance Company Ltd | 0.10% | 0.36% |
| Patanjali Foods Limited | 0.21% | 0.10% |
| Bandhan Bank Limited | 0.97% | 0.09% |
| Mphasis Limited | 0.19% | 0.09% |
| One 97 Communications Limited | 0.09% | 0.37% |
| PB Fintech Limited | 0.74% | 0.09% |
| Manappuram Finance Limited | 0.29% | 0.09% |
| Max Financial Services Limited | 0.12% | 0.09% |
| LIC Housing Finance Limited | 0.56% | 0.08% |
| Computer Age Management Services Limited | 0.08% | 0.21% |
| Bank of Baroda | 0.07% | 0.26% |
| Central Depository Services (India) Limited | 0.07% | 0.12% |
| Hitachi Energy India Limited | 0.06% | 0.21% |
| Premier Energies Limited | 0.06% | 0.06% |
| Union Bank of India | 0.06% | 0.19% |
| APL Apollo Tubes Limited | 0.06% | 0.23% |
| SBI Cards and Payment Services Limited | 0.05% | 0.09% |
| Varun Beverages Limited | 0.05% | 0.47% |
| Indian Oil Corporation Limited | 0.05% | 0.27% |
| Aurobindo Pharma Limited | 0.05% | 0.39% |
| JSW Steel Limited | 0.04% | 0.67% |
| Asian Paints Limited | 0.04% | 0.63% |
| Delhivery Limited | 0.04% | 0.24% |
| InterGlobe Aviation Limited | 0.04% | 1.17% |
| Jindal Steel Limited | 0.04% | 0.24% |
| Mazagon Dock Shipbuilders Limited | 0.03% | 0.08% |
| GMR Airports Limited | 0.03% | 0.35% |
| Swiggy Limited | 0.02% | 0.14% |
| Hero MotoCorp Limited | 0.01% | 0.30% |
| DLF Limited | 0.01% | 0.23% |
| Divi's Laboratories Limited | 0.01% | 1.01% |
| Biocon Limited | 0.01% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.3% means 46.3% 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% |
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | 12.06% |
| Indian Bank (12/01/2027) | 1.78% |
| Life Insurance Corporation Of India | 0.68% |
| Hindustan Unilever Limited | 0.35% |
Largest holdings only in JioBlackRock Sector Rotation Fund
| Security | % of fund |
|---|---|
| Nestle India Ltd | 0.75% |
| Ultratech Cement Ltd | 0.75% |
| Grasim Industries Ltd | 0.67% |
| Dr. Reddy's Laboratories Ltd | 0.63% |
| Max Healthcare Institute Ltd | 0.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Arbitrage | JioBlackRock Sector Rotation |
|---|---|---|
| Equity | 69.8% | 97.3% |
| Debt | 1.8% | 0.0% |
| Cash and others | 28.4% | 2.7% |
Market cap of stocks
| Market cap | Bajaj Finserv Arbitrage | JioBlackRock Sector Rotation |
|---|---|---|
| Large Cap | 52.9% | 68.3% |
| Mid Cap | 13.7% | 21.5% |
| 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 | JioBlackRock Sector Rotation |
|---|---|---|
| Banks | 24.4% | 21.7% |
| Pharmaceuticals & Biotechnology | 1.1% | 9.3% |
| Finance | 5.9% | 5.9% |
| Petroleum Products | 5.3% | 5.2% |
| Telecom - Services | 3.5% | 4.0% |
| Automobiles | 2.3% | 4.0% |
| Ferrous Metals | 3.8% | 2.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Arbitrage vs JioBlackRock Sector Rotation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Arbitrage Fund | JioBlackRock Sector Rotation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.29% | 0.80% |
| Base expense ratio (Direct) | 0.31% | 0.50% |
| Total expense ratio (Regular) | 1.99% | 1.92% |
| Base expense ratio (Regular) | 0.90% | 1.61% |
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 JioBlackRock Sector Rotation with
Bajaj Finserv Arbitrage Fund vs JioBlackRock Sector Rotation Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Arbitrage Fund and JioBlackRock Sector Rotation Fund?
Bajaj Finserv Arbitrage Fund is an Arbitrage fund, JioBlackRock Sector Rotation Fund is a Thematic fund, run by Bajaj Finserv Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 46.3%. Bajaj Finserv Arbitrage Fund charges 1.29% a year and JioBlackRock Sector Rotation Fund 0.80%.
Which has the lower expense ratio, Bajaj Finserv Arbitrage Fund or JioBlackRock Sector Rotation Fund?
JioBlackRock Sector Rotation Fund charges less: 0.80% a year against 1.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Arbitrage Fund and JioBlackRock Sector Rotation Fund overlap?
46.3%. They hold 108 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Arbitrage Fund or JioBlackRock Sector Rotation Fund?
On SEBI's riskometer, Bajaj Finserv Arbitrage Fund is rated Low and JioBlackRock Sector Rotation Fund Very High. Over their common history, the standard deviation of daily returns was 1.08% and 15.17% a year.
Can I invest in both Bajaj Finserv Arbitrage Fund and JioBlackRock Sector Rotation Fund?
Yes. 46.3% 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 Sector Rotation Fund?
Bajaj Finserv Arbitrage Fund: Ilesh Savla, Siddharth Chaudhary. JioBlackRock Sector Rotation Fund: Sahil Chaudhary, Tanvi Kacheria.
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.