Capitalmind Arbitrage Fund vs TRUSTMF Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Capitalmind Arbitrage Fund and TRUSTMF Arbitrage Fund are both Arbitrage funds. Capitalmind Arbitrage Fund charges 1.18% a year and TRUSTMF Arbitrage Fund 1.42% (Direct plans). Their portfolios overlap 37.2%: they hold 29 of the same securities.
Which is better, Capitalmind Arbitrage or TRUSTMF 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 1.42% (Direct plans).
- TRUSTMF Arbitrage fell less in its worst fall since 20-03-2026: −0.4% against −0.6%.
- TRUSTMF Arbitrage is the larger fund: ₹138 Cr against ₹23 Cr.
- Their portfolios overlap 37.2%: 29 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 | Capitalmind Arbitrage Fund | TRUSTMF Arbitrage Fund |
|---|---|---|
| Fund house | Capitalmind Mutual Fund | Trust Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹23 Cr (30-09-2026) | ₹138 Cr (30-09-2026) |
| NAV | ₹10.39 (Direct) | ₹10.76 (Direct) |
| Expense ratio (Direct) | 1.18% | 1.42% |
| Expense ratio (Regular) | 1.96% | 2.19% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 16-03-2026 | 28-08-2025 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Prateek Jain, Anoop Vijaykumar | Mihir Vora, Sachin Parekh |
| Exit load | Exit load of 0.25%, if redeemed within 15 days | 0.25% If redeemed / switched out within 7 days from the date of allotment. Nil - if redeemed/switched out after 7 days from the date of allotment. |
Capitalmind Arbitrage vs TRUSTMF 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 |
|---|---|---|---|---|---|---|---|
| Capitalmind Arbitrage Fund (Direct) | +0.66% | +1.51% | +3.07% | -- | -- | -- | -- |
| TRUSTMF Arbitrage Fund (Direct) | +0.56% | +1.52% | +3.18% | +6.53% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Capitalmind Arbitrage vs TRUSTMF Arbitrage: Year-wise Returns
| Year | CapitalmindCapitalmind Arbitrage | TRUSTMFTRUSTMF Arbitrage |
|---|---|---|
| 2026to date | -- | +5.30% |
Capitalmind Arbitrage vs TRUSTMF Arbitrage: Rolling Returns
Every holding period of both funds
Capitalmind Arbitrage vs TRUSTMF Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Capitalmind Arbitrage Fund (Direct) | TRUSTMF Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.19% | +6.47% |
| Standard deviation | 1.94% | 1.33% |
| Sharpe ratio | 0.47 | 0.89 |
| Sortino ratio | 0.70 | 1.34 |
| Maximum drawdown | −0.6% (29-09-2026) | −0.4% (17-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-03-2026 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.
Capitalmind Arbitrage Fund (Direct)
TRUSTMF Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Capitalmind Arbitrage Fund (Direct) | −0.6% | 18-09-2026 | 29-09-2026 | 05-10-2026 | 6 days | 0.0% |
| TRUSTMF Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 17-08-2026 | 24-08-2026 | 7 days | −0.1% |
From daily values since 20-03-2026, the first day every fund has.
Capitalmind Arbitrage vs TRUSTMF Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Capitalmind Arbitrage Fund, September 2026; TRUSTMF Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 37.2%
- Held by both
- 29
- Only in Capitalmind Arbitrage
- 21
- Only in TRUSTMF Arbitrage
- 28
| Security | % of Capitalmind Arbitrage | % of TRUSTMF Arbitrage |
|---|---|---|
| Canara Bank | 5.64% | 6.38% |
| ICICI Bank Limited | 4.45% | 4.09% |
| Reliance Industries Limited | 5.45% | 3.83% |
| Axis Bank Limited | 3.35% | 5.61% |
| Bharti Airtel Limited | 2.92% | 3.15% |
| HDFC Bank Limited | 2.42% | 4.08% |
| Larsen & Toubro Limited | 1.73% | 2.20% |
| Indian Energy Exchange Limited | 1.42% | 1.49% |
| Indus Towers Limited | 1.11% | 2.53% |
| Adani Energy Solutions Limited | 1.16% | 0.97% |
| Bajaj Finance Limited | 0.94% | 2.61% |
| State Bank of India | 0.94% | 1.51% |
| Vodafone Idea Limited | 0.81% | 2.55% |
| Punjab National Bank | 0.79% | 1.31% |
| Cholamandalam Investment and Finance Company Ltd | 0.89% | 0.66% |
| Bank of Baroda | 1.18% | 0.64% |
| Eicher Motors Limited | 1.88% | 0.62% |
| Bandhan Bank Limited | 0.56% | 1.91% |
| Manappuram Finance Limited | 2.90% | 0.48% |
| LIC Housing Finance Limited | 0.70% | 0.46% |
| HDFC Life Insurance Company Limited | 0.50% | 0.46% |
| Apollo Hospitals Enterprise Limited | 0.45% | 1.33% |
| Cummins India Limited | 0.42% | 0.48% |
| ITC Limited | 0.40% | 1.25% |
| InterGlobe Aviation Limited | 2.29% | 0.38% |
| Varun Beverages Limited | 0.24% | 0.60% |
| Sun Pharmaceutical Industries Limited | 0.56% | 0.23% |
| Crompton Greaves Consumer Electricals Limited | 0.20% | 0.52% |
| Indian Oil Corporation Limited | 1.44% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.2% means 37.2% 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 Capitalmind Arbitrage Fund
| Security | % of fund |
|---|---|
| Capitalmind Liquid Fund - Direct-Growth | 14.84% |
| Coforge Limited | 5.45% |
| NMDC Limited | 4.74% |
| Steel Authority of India Limited | 3.36% |
| Hindustan Aeronautics Limited | 2.14% |
Largest holdings only in TRUSTMF Arbitrage Fund
| Security | % of fund |
|---|---|
| TRUSTMF Liquid Fund-Direct Plan-Growth | 18.59% |
| Maruti Suzuki India Limited | 3.95% |
| Kalyan Jewellers India Limited | 2.93% |
| Tata Steel Limited | 2.28% |
| Yes Bank Limited | 1.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Capitalmind Arbitrage | TRUSTMF Arbitrage |
|---|---|---|
| Equity | 77.9% | 77.0% |
| Debt | 0.7% | 0.0% |
| Cash and others | 21.4% | 23.0% |
Market cap of stocks
| Market cap | Capitalmind Arbitrage | TRUSTMF Arbitrage |
|---|---|---|
| Large Cap | 52.5% | 61.3% |
| Mid Cap | 17.8% | 10.7% |
| Small Cap | 7.6% | 5.0% |
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 | Capitalmind Arbitrage | TRUSTMF Arbitrage |
|---|---|---|
| Banks | 19.3% | 29.5% |
| Telecom - Services | 4.8% | 8.2% |
| Petroleum Products | 6.9% | 3.9% |
| Finance | 5.8% | 4.5% |
| IT - Software | 5.7% | 0.0% |
| Automobiles | 1.9% | 5.6% |
| Minerals & Mining | 4.7% | 0.0% |
| Consumer Durables | 0.2% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Capitalmind Arbitrage vs TRUSTMF Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Capitalmind Arbitrage Fund | TRUSTMF Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 1.42% |
| Base expense ratio (Direct) | 0.18% | 0.17% |
| Total expense ratio (Regular) | 1.96% | 2.19% |
| Base expense ratio (Regular) | 0.86% | 0.85% |
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 Capitalmind Arbitrage with
Capitalmind Arbitrage Fund vs TRUSTMF Arbitrage Fund: Frequently Asked Questions
What is the difference between Capitalmind Arbitrage Fund and TRUSTMF Arbitrage Fund?
Both are Arbitrage funds, run by Capitalmind Mutual Fund and Trust Mutual Fund. Their portfolios overlap 37.2%. Capitalmind Arbitrage Fund charges 1.18% a year and TRUSTMF Arbitrage Fund 1.42%.
Which has the lower expense ratio, Capitalmind Arbitrage Fund or TRUSTMF Arbitrage Fund?
Capitalmind Arbitrage Fund charges less: 1.18% a year against 1.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Capitalmind Arbitrage Fund and TRUSTMF Arbitrage Fund overlap?
37.2%. They hold 29 of the same securities, the largest shared ones being CANBK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Capitalmind Arbitrage Fund or TRUSTMF Arbitrage Fund?
On SEBI's riskometer, Capitalmind Arbitrage Fund is rated Low and TRUSTMF Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.94% and 1.33% a year.
Can I invest in both Capitalmind Arbitrage Fund and TRUSTMF Arbitrage Fund?
Yes. 37.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Capitalmind Arbitrage Fund and TRUSTMF Arbitrage Fund?
Capitalmind Arbitrage Fund: Prateek Jain, Anoop Vijaykumar. TRUSTMF Arbitrage Fund: Mihir Vora, Sachin Parekh.
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.