Baroda BNP Paribas Nifty 50 Index Fund vs Sundaram Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Nifty 50 Index Fund is a mutual fund and Sundaram Arbitrage Fund is an Arbitrage fund. In the year to 30-10-2026, Baroda BNP Paribas Nifty 50 Index Fund (Direct) returned −10.2% and Sundaram Arbitrage Fund (Direct) returned 6.8%. Baroda BNP Paribas Nifty 50 Index Fund charges 0.48% a year and Sundaram Arbitrage Fund 0.97% (Direct plans). Their portfolios overlap 42.9%: they hold 20 of the same securities.
Baroda BNP Paribas Nifty 50 Index Fund
- 1 year return
- −10.2%
- Expense ratio
- 0.48%
- NAV
- ₹10.90
Sundaram Arbitrage Fund
Arbitrage
- 1 year return
- 6.8%
- Expense ratio
- 0.97%
- NAV
- ₹16.60
Which is better, Baroda BNP Paribas Nifty 50 Index or Sundaram Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram Arbitrage returned more over 1 year: 6.8% against −10.2%.
- Baroda BNP Paribas Nifty 50 Index costs less: 0.48% a year against 0.97% (Direct plans).
- Sundaram Arbitrage fell less in its worst fall since 30-01-2024: −0.5% against −15.5%.
- Baroda BNP Paribas Nifty 50 Index holds more in large companies: 98.5% of the fund in large caps against 50.3%.
- Sundaram Arbitrage is the larger fund: ₹539 Cr against ₹50 Cr.
- Their portfolios overlap 42.9%: 20 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 | Baroda BNP Paribas Nifty 50 Index Fund | Sundaram Arbitrage Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Sundaram Mutual Fund |
| Category | Not available | Arbitrage |
| AUM | ₹50 Cr (30-09-2026) | ₹539 Cr (30-09-2026) |
| NAV | ₹10.90 (Direct) | ₹16.60 (Direct) |
| Expense ratio (Direct) | 0.48% | 0.97% |
| Expense ratio (Regular) | 0.78% | 1.70% |
| Riskometer | Not available | Low |
| Benchmark | Not available | Nifty 50 Arbitrage Index |
| Launch date | Not available | 01-04-2016 |
| Minimum investment | Not available | "New Investor/Existing – Rs.100/- for both Monthly IDCW and Growth Option and any amount thereafter under each Plan/ option." |
| Lock in | Not available | None |
| Fund managers | Not available | Rohit Seksaria, Kumaresh Ramakrishnan |
| Exit load | Not available | W.E.F Dec 31, 2021 Upto 25% of Units purchased/ switchin - NIL In excess of the above: 0.25% if redeemed/ SWP/STP within 15 days from the date of allotment. NIL if redeemed /SWP/STP after 15 days from the date of allotment. For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil.Generally, the exit load will be calculated on First in First out (FIFO) basis. |
Baroda BNP Paribas Nifty 50 Index vs Sundaram 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Nifty 50 Index Fund (Direct) | +1.92% | −5.05% | −3.22% | −10.20% | -- | -- | -- |
| Sundaram Arbitrage Fund (Direct) | +0.59% | +1.56% | +3.29% | +6.83% | +7.22% | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Baroda BNP Paribas Nifty 50 Index vs Sundaram Arbitrage: Year-wise Returns
| Year | Baroda BNP Paribas Nifty 50 IndexBaroda BNP Paribas Nifty 50 Index | Sundaram ArbitrageSundaram Arbitrage |
|---|---|---|
| 2026to date | −11.12% | +5.57% |
| 2025 | +11.51% | +7.15% |
| 2024 | -- | +7.81% |
| 2023 | -- | +7.38% |
Baroda BNP Paribas Nifty 50 Index vs Sundaram Arbitrage: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of Baroda BNP Paribas Nifty 50 Index Fund
Rolling returns
Every 1-year holding period, 430 of them, one for each trading day from 30-01-2025 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.
Baroda BNP Paribas Nifty 50 Index Fund (Direct)
Sundaram Arbitrage Fund (Direct)
Nifty 50 TRI
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Nifty 50 Index | 34.0 | 22.6 | 28.1 | 15.3 | 0.0 | 0.0 | 0.0 | 3.0% | 2.9% | −12.0% | 14.0% | 0% |
| Sundaram Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 7.1% | 6.4% | 8.1% | 67% |
| Nifty 50 TRI | 32.1 | 23.3 | 26.5 | 18.1 | 0.0 | 0.0 | 0.0 | 3.3% | 3.3% | −11.8% | 14.3% | -- |
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. The benchmark is Nifty 50 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 30-01-2024. Past returns do not promise future returns.
Baroda BNP Paribas Nifty 50 Index vs Sundaram Arbitrage: 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 30-01-2024 to 30-10-2026: 34 instalments, ₹3,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Nifty 50 IndexBaroda BNP Paribas Nifty 50 Index Fund (Direct) | ₹3,40,000 | ₹3,31,514 | −₹8,486 | −1.7% |
| Sundaram ArbitrageSundaram Arbitrage Fund (Direct) | ₹3,40,000 | ₹3,75,400 | ₹35,400 | 6.9% |
Baroda BNP Paribas Nifty 50 IndexBaroda BNP Paribas Nifty 50 Index Fund (Direct)
Sundaram ArbitrageSundaram Arbitrage 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.
Baroda BNP Paribas Nifty 50 Index vs Sundaram Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Nifty 50 Index Fund (Direct) | Sundaram Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.20% | +6.83% |
| Standard deviation | 13.63% | 1.59% |
| Sharpe ratio | -1.13 | 1.00 |
| Sortino ratio | -1.51 | 1.55 |
| Maximum drawdown | −15.2% (30-03-2026) | −0.5% (06-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.19% | -- |
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 | Baroda BNP Paribas Nifty 50 Index Fund (Direct) | Sundaram Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.49% | +6.67% |
| Standard deviation | 13.30% | 1.09% |
| Sharpe ratio | -0.18 | 0.72 |
| Sortino ratio | -0.25 | 1.09 |
| Maximum drawdown | −15.5% (04-03-2025) | −0.5% (06-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.30% | -- |
From daily NAVs, 30-01-2024 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.
Baroda BNP Paribas Nifty 50 Index Fund (Direct)
Sundaram Arbitrage Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Nifty 50 Index Fund (Direct) | −15.5% | 26-09-2024 | 04-03-2025 | 27-10-2025 | 8 months | −11.8% |
| Sundaram Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.0% |
| Nifty 50 TRI | −15.4% | 26-09-2024 | 04-03-2025 | 23-10-2025 | 8 months | −11.6% |
From daily values since 30-01-2024, 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.
Baroda BNP Paribas Nifty 50 Index Fund (Direct)
Sundaram Arbitrage Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Nifty 50 Index Fund (Direct) | 99% | 101% | 0.12% |
| Sundaram Arbitrage Fund (Direct) | 21% | -18% | 13.55% |
From month-end values since 30-01-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Baroda BNP Paribas Nifty 50 Index vs Sundaram Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Nifty 50 Index Fund, September 2026; Sundaram Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 42.9%
- Held by both
- 20
- Only in Baroda BNP Paribas Nifty 50 Index
- 30
- Only in Sundaram Arbitrage
- 36
| Security | % of Baroda BNP Paribas Nifty 50 Index | % of Sundaram Arbitrage |
|---|---|---|
| HDFC Bank Limited | 10.40% | 7.96% |
| Reliance Industries Limited | 7.60% | 7.56% |
| ICICI Bank Limited | 9.03% | 5.27% |
| Bharti Airtel Limited | 5.04% | 4.42% |
| Axis Bank Limited | 3.38% | 2.87% |
| Bajaj Finance Limited | 2.53% | 6.16% |
| Larsen & Toubro Limited | 4.19% | 2.46% |
| ITC Limited | 2.41% | 1.84% |
| Mahindra & Mahindra Limited | 2.53% | 1.40% |
| Eternal Limited | 2.22% | 1.38% |
| Hindalco Industries Limited | 1.30% | 1.42% |
| Kotak Mahindra Bank Limited | 2.87% | 1.21% |
| Tata Steel Limited | 1.44% | 0.70% |
| Tech Mahindra Limited | 0.93% | 0.56% |
| Jio Financial Services Limited | 0.68% | 0.49% |
| Adani Ports and Special Economic Zone Limited | 1.32% | 0.40% |
| Maruti Suzuki India Limited | 1.49% | 0.23% |
| Coal India Limited | 0.96% | 0.19% |
| Cipla Limited | 0.72% | 0.06% |
| Bharat Electronics Limited | 1.32% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.9% means 42.9% 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 Baroda BNP Paribas Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| State Bank of India | 3.77% |
| Infosys Limited | 3.39% |
| Tata Consultancy Services Limited | 2.01% |
| Titan Company Limited | 1.85% |
| Sun Pharmaceutical Industries Limited | 1.81% |
Largest holdings only in Sundaram Arbitrage Fund
| Security | % of fund |
|---|---|
| Sundaram Money Market Fund-Direct Plan - Growth | 9.58% |
| Ashok Leyland Ltd | 6.28% |
| Sundaram Liquid Fund - Direct Growth | 5.61% |
| 364 Days - T Bill - 25/02/2027 | 5.44% |
| NMDC Ltd | 2.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Nifty 50 Index | Sundaram Arbitrage |
|---|---|---|
| Equity | 99.9% | 70.0% |
| Debt | 0.0% | 11.8% |
| Cash and others | 0.1% | 18.1% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Nifty 50 Index | Sundaram Arbitrage |
|---|---|---|
| Large Cap | 98.5% | 50.3% |
| Mid Cap | 1.4% | 17.7% |
| Small Cap | 0.0% | 2.1% |
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 | Baroda BNP Paribas Nifty 50 Index | Sundaram Arbitrage |
|---|---|---|
| Banks | 29.4% | 18.5% |
| Petroleum Products | 7.6% | 7.6% |
| IT - Software | 7.6% | 0.0% |
| Finance | 5.5% | 7.3% |
| Automobiles | 6.7% | 3.8% |
| Agricultural, Commercial & Construction Vehicles | 0.0% | 6.3% |
| Telecom - Services | 5.0% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Nifty 50 Index vs Sundaram Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Nifty 50 Index Fund | Sundaram Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.48% | 0.97% |
| Base expense ratio (Direct) | 0.22% | 0.19% |
| Total expense ratio (Regular) | 0.78% | 1.70% |
| Base expense ratio (Regular) | 0.48% | 0.82% |
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
Baroda BNP Paribas Nifty 50 Index Fund vs Sundaram Arbitrage Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Nifty 50 Index Fund and Sundaram Arbitrage Fund?
Baroda BNP Paribas Nifty 50 Index Fund is a mutual fund, Sundaram Arbitrage Fund is an Arbitrage fund, run by Baroda BNP Paribas Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 42.9%. Baroda BNP Paribas Nifty 50 Index Fund charges 0.48% a year and Sundaram Arbitrage Fund 0.97%.
Which has given higher returns, Baroda BNP Paribas Nifty 50 Index Fund or Sundaram Arbitrage Fund?
Over 1 year: Baroda BNP Paribas Nifty 50 Index Fund −10.20%, Sundaram Arbitrage Fund +6.83%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Nifty 50 Index Fund or Sundaram Arbitrage Fund?
Baroda BNP Paribas Nifty 50 Index Fund charges less: 0.48% a year against 0.97%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Nifty 50 Index Fund and Sundaram Arbitrage Fund overlap?
42.9%. They hold 20 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Can I invest in both Baroda BNP Paribas Nifty 50 Index Fund and Sundaram Arbitrage Fund?
Yes. 42.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.