Edelweiss Arbitrage Fund vs Franklin India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Arbitrage Fund and Franklin India Arbitrage Fund are both Arbitrage funds. In the year to 30-10-2026, Edelweiss Arbitrage Fund (Direct) returned 6.7% and Franklin India Arbitrage Fund (Direct) returned 7.1%. Edelweiss Arbitrage Fund charges 1.53% a year and Franklin India Arbitrage Fund 1.20% (Direct plans). Their portfolios overlap 45.6%: they hold 123 of the same securities.
Edelweiss Arbitrage Fund
Arbitrage
- 1 year return
- 6.7%
- Expense ratio
- 1.53%
- NAV
- ₹22.63
Franklin India Arbitrage Fund
Arbitrage
- 1 year return
- 7.1%
- Expense ratio
- 1.20%
- NAV
- ₹11.42
Which is better, Edelweiss Arbitrage or Franklin India Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India Arbitrage returned more over 1 year: 7.1% against 6.7%.
- Franklin India Arbitrage costs less: 1.20% a year against 1.53% (Direct plans).
- Edelweiss Arbitrage fell less in its worst fall since 19-11-2024: −0.4% against −0.4%.
- Edelweiss Arbitrage is the larger fund: ₹14,250 Cr against ₹1,921 Cr.
- Their portfolios overlap 45.6%: 123 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 | Edelweiss Arbitrage Fund | Franklin India Arbitrage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹14,250 Cr (30-09-2026) | ₹1,921 Cr (30-09-2026) |
| NAV | ₹22.63 (Direct) | ₹11.42 (Direct) |
| Expense ratio (Direct) | 1.53% | 1.20% |
| Expense ratio (Regular) | 2.20% | 1.97% |
| Riskometer | Low | Not available |
| Benchmark | Nifty 50 Arbitrage Index | Not available |
| Launch date | 27-06-2014 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval | Not available |
| Exit load | "Exit Load: • 0.25% if units are redeemed/switched out on or before 15 days from the date of allotment • Nil if units are redeemed/switched out after 15 days" | Not available |
Edelweiss Arbitrage vs Franklin India 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Arbitrage Fund (Direct) | +0.53% | +1.49% | +3.25% | +6.66% | +7.37% | +6.92% | +6.52% |
| Franklin India Arbitrage Fund (Direct) | +0.58% | +1.71% | +3.51% | +7.13% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Edelweiss Arbitrage vs Franklin India Arbitrage: Year-wise Returns
| Year | EdelweissEdelweiss Arbitrage | Franklin IndiaFranklin India Arbitrage |
|---|---|---|
| 2026to date | +5.42% | +5.84% |
| 2025 | +7.07% | +7.19% |
| 2024 | +8.44% | -- |
| 2023 | +7.89% | -- |
| 2022 | +5.11% | -- |
| 2021 | +4.58% | -- |
Edelweiss Arbitrage vs Franklin India Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 233 of them, one for each trading day from 19-11-2025 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.
Edelweiss Arbitrage Fund (Direct)
Franklin India Arbitrage Fund (Direct)
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 6.7% | 6.2% | 7.2% |
| Franklin India Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.0% | 6.5% | 7.7% |
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. Every fund is measured over the days all of them have, from 19-11-2024. Past returns do not promise future returns.
Edelweiss Arbitrage vs Franklin India 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 04-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ArbitrageEdelweiss Arbitrage Fund (Direct) | ₹2,40,000 | ₹2,56,709 | ₹16,709 | 6.6% |
| Franklin India ArbitrageFranklin India Arbitrage Fund (Direct) | ₹2,40,000 | ₹2,57,663 | ₹17,663 | 7.0% |
Edelweiss ArbitrageEdelweiss Arbitrage Fund (Direct)
Franklin India ArbitrageFranklin India 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.
Edelweiss Arbitrage vs Franklin India Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Arbitrage Fund (Direct) | Franklin India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +7.13% |
| Standard deviation | 1.28% | 1.42% |
| Sharpe ratio | 1.11 | 1.33 |
| Sortino ratio | 1.73 | 2.08 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Edelweiss Arbitrage Fund (Direct) | Franklin India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.84% | +7.09% |
| Standard deviation | 0.99% | 1.17% |
| Sharpe ratio | 1.08 | 1.25 |
| Sortino ratio | 1.63 | 1.93 |
| Maximum drawdown | −0.5% (03-06-2020) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-06-2014 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.
Edelweiss Arbitrage Fund (Direct)
Franklin India Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
| Franklin India Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | 0.0% |
From daily values since 19-11-2024, 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.
Edelweiss Arbitrage Fund (Direct)
Franklin India Arbitrage Fund (Direct)
Edelweiss Arbitrage vs Franklin India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Arbitrage Fund, September 2026; Franklin India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 45.6%
- Held by both
- 123
- Only in Edelweiss Arbitrage
- 68
- Only in Franklin India Arbitrage
- 21
| Security | % of Edelweiss Arbitrage | % of Franklin India Arbitrage |
|---|---|---|
| ICICI Bank Ltd. | 5.42% | 6.04% |
| HDFC Bank Ltd. | 5.01% | 5.79% |
| Reliance Industries Ltd. | 2.66% | 4.13% |
| Vodafone Idea Ltd. | 1.61% | 2.41% |
| Axis Bank Ltd. | 1.53% | 3.37% |
| Bharti Airtel Ltd. | 1.50% | 2.55% |
| Adani Enterprises Ltd. | 1.61% | 1.44% |
| SIDBI CD RED 11-06-2027 | 2.00% | 1.24% |
| State Bank of India | 1.16% | 1.78% |
| Hindalco Industries Ltd. | 1.08% | 1.79% |
| Bajaj Finance Ltd. | 0.77% | 1.03% |
| Hindustan Unilever Ltd. | 0.94% | 0.71% |
| Steel Authority of India Ltd. | 0.85% | 0.69% |
| NABARD CD RED 17-03-2027 | 0.68% | 2.52% |
| IDFC First Bank Ltd. | 0.65% | 2.11% |
| Larsen & Toubro Ltd. | 0.64% | 1.88% |
| TVS Motor Company Ltd. | 1.10% | 0.60% |
| HDFC Life Insurance Company Ltd. | 0.58% | 1.82% |
| Kotak Mahindra Bank Ltd. | 0.56% | 0.63% |
| Yes Bank Ltd. | 0.87% | 0.56% |
| Coforge Ltd. | 0.55% | 0.70% |
| Info Edge (India) Ltd. | 0.52% | 0.53% |
| Eternal Ltd. | 0.52% | 0.54% |
| Adani Power Ltd. | 0.97% | 0.51% |
| UPL Ltd. | 0.50% | 1.00% |
| Bharat Electronics Ltd. | 0.49% | 1.33% |
| Indus Towers Ltd. | 1.71% | 0.48% |
| Ashok Leyland Ltd. | 0.63% | 0.43% |
| Jio Financial Services Ltd. | 0.42% | 0.44% |
| Punjab National Bank | 0.71% | 0.41% |
| Aurobindo Pharma Ltd. | 0.56% | 0.41% |
| ITC Ltd. | 0.72% | 0.40% |
| NTPC Ltd. | 1.37% | 0.40% |
| Eicher Motors Ltd. | 0.38% | 0.75% |
| AU Small Finance Bank Ltd. | 0.37% | 0.70% |
| IndusInd Bank Ltd. | 0.36% | 1.22% |
| Canara Bank | 1.15% | 0.35% |
| JSW Steel Ltd. | 1.05% | 0.33% |
| Godrej Properties Ltd. | 0.32% | 0.41% |
| Bank of Baroda | 0.73% | 0.29% |
| Coal India Ltd. | 0.73% | 0.29% |
| The Indian Hotels Company Ltd. | 0.32% | 0.28% |
| Vedanta Ltd. | 0.28% | 0.30% |
| Hindustan Zinc Ltd. | 0.27% | 0.33% |
| Manappuram Finance Ltd. | 0.62% | 0.27% |
| Glenmark Pharmaceuticals Ltd. | 1.29% | 0.26% |
| Multi Commodity Exchange Of India Ltd. | 0.25% | 0.58% |
| Laurus Labs Ltd. | 0.25% | 0.81% |
| APL Apollo Tubes Ltd. | 0.24% | 0.65% |
| Ultratech Cement Ltd. | 0.36% | 0.24% |
| Maruti Suzuki India Ltd. | 0.22% | 1.38% |
| Astral Ltd. | 0.23% | 0.22% |
| VARUN BEVERAGES LIMITED | 0.25% | 0.20% |
| Bandhan Bank Ltd. | 0.75% | 0.20% |
| Infosys Ltd. | 1.01% | 0.18% |
| Adani Green Energy Ltd. | 0.46% | 0.18% |
| Apollo Hospitals Enterprise Ltd. | 0.17% | 0.22% |
| NMDC Ltd. | 1.35% | 0.16% |
| Container Corporation Of India Ltd. | 0.26% | 0.16% |
| Bharat Heavy Electricals Ltd. | 0.98% | 0.16% |
| Tata Power Company Ltd. | 0.15% | 0.60% |
| Marico Ltd. | 0.14% | 0.95% |
| One 97 Communications Ltd. | 0.14% | 0.52% |
| Adani Energy Solutions Ltd. | 2.01% | 0.13% |
| PNB Housing Finance Ltd. | 0.13% | 0.16% |
| National Buildings Construction Corporation Ltd. | 0.13% | 0.12% |
| FSN E-Commerce Ventures Ltd. | 0.12% | 1.16% |
| Shriram Finance Ltd. | 0.12% | 0.17% |
| Power Finance Corporation Ltd. | 0.61% | 0.11% |
| Ambuja Cements Ltd. | 0.29% | 0.11% |
| Tata Motors Passenger Vehicles Ltd. | 0.11% | 0.19% |
| Divi's Laboratories Ltd. | 0.58% | 0.11% |
| Titan Company Ltd. | 0.26% | 0.10% |
| Swiggy Ltd. | 0.25% | 0.10% |
| Power Grid Corporation of India Ltd. | 0.10% | 0.09% |
| Kalyan Jewellers India Ltd. | 0.28% | 0.09% |
| SBI Cards & Payment Services Ltd. | 0.22% | 0.08% |
| GE Vernova T&D India Limited | 0.11% | 0.08% |
| Angel One Ltd. | 0.08% | 0.17% |
| Cummins India Ltd. | 0.37% | 0.08% |
| SBI Life Insurance Company Ltd. | 0.07% | 0.09% |
| Lupin Ltd. | 0.07% | 0.11% |
| Biocon Ltd. | 0.32% | 0.07% |
| Tata Steel Ltd. | 0.56% | 0.07% |
| Dabur India Ltd. | 0.11% | 0.06% |
| Oil & Natural Gas Corporation Ltd. | 0.06% | 0.33% |
| Bajaj Finserv Ltd. | 0.06% | 0.34% |
| Crompton Greaves Cons Electrical Ltd. | 0.48% | 0.05% |
| Cipla Ltd. | 0.05% | 0.24% |
| GAIL (India) Ltd. | 0.05% | 0.20% |
| Patanjali Foods Ltd. | 0.05% | 0.17% |
| Adani Ports & Special Economic Zone Ltd. | 0.05% | 0.58% |
| United Spirits Ltd. | 0.05% | 0.23% |
| Indian Oil Corporation Ltd. | 0.43% | 0.04% |
| LIC Housing Finance Ltd. | 0.04% | 0.07% |
| National Aluminium Company Ltd. | 0.04% | 0.16% |
| Cholamandalam Investment & Finance Company Ltd. | 0.40% | 0.04% |
| InterGlobe Aviation Ltd. | 0.11% | 0.04% |
| BSE Ltd. | 0.57% | 0.03% |
| Bank of India | 0.22% | 0.03% |
| JSW Energy Ltd. | 0.15% | 0.03% |
| KPIT Technologies Ltd. | 0.03% | 0.07% |
| Mahindra & Mahindra Ltd. | 0.03% | 0.92% |
| Computer Age Management Services Ltd. | 0.03% | 0.18% |
| Samvardhana Motherson International Ltd. | 0.03% | 0.13% |
| Indian Energy Exchange Ltd. | 0.11% | 0.03% |
| Pidilite Industries Ltd. | 0.06% | 0.03% |
| Bharat Petroleum Corporation Ltd. | 0.14% | 0.02% |
| Mphasis Ltd. | 0.02% | 0.52% |
| Hitachi Energy India Ltd. | 0.13% | 0.02% |
| 360 One Wam Ltd. | 0.15% | 0.02% |
| HDFC Asset Management Company Ltd. | 0.23% | 0.02% |
| Tata Consumer Products Ltd. | 0.32% | 0.01% |
| Sun Pharmaceutical Industries Ltd. | 0.01% | 0.98% |
| Sagility Ltd. | 0.01% | 0.08% |
| Nestle India Ltd. | 0.01% | 0.13% |
| Motilal Oswal Financial Services Ltd. | 0.01% | 0.12% |
| The Federal Bank Ltd. | 0.31% | 0.01% |
| Hindustan Aeronautics Ltd. | 0.06% | 0.01% |
| Bajaj Auto Ltd. | 0.19% | 0.00% |
| Hindustan Petroleum Corporation Ltd. | 0.09% | 0.00% |
| Fortis Healthcare Ltd. | 0.14% | 0.00% |
| Life Insurance Corporation of India | 0.42% | 0.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.6% means 45.6% 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 Edelweiss Arbitrage Fund
| Security | % of fund |
|---|---|
| EDELWEISS LIQUID FUND - DIRECT PL -GR | 7.91% |
| EDELWEISS MONEY MARKET FUND - DIRECT PL | 4.08% |
| CANARA BANK CD RD 29-06-27 | 1.33% |
| SIDBI CD RED 18-02-2027 | 1.20% |
| SIDBI CD RED 25-03-2027 | 1.02% |
Largest holdings only in Franklin India Arbitrage Fund
| Security | % of fund |
|---|---|
| Franklin India Money Market Fund Direct-Growth Plan | 12.02% |
| Canara Bank (30-Nov-2026) | 2.58% |
| Union Bank of India (16-Mar-2027) | 2.52% |
| Indian Bank (04-Dec-2026) | 1.29% |
| Indian Bank (10-Dec-2026) | 1.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Arbitrage | Franklin India Arbitrage |
|---|---|---|
| Equity | 69.1% | 71.4% |
| Debt | 16.3% | 14.5% |
| Cash and others | 14.6% | 14.1% |
Market cap of stocks
| Market cap | Edelweiss Arbitrage | Franklin India Arbitrage |
|---|---|---|
| Large Cap | 51.3% | 51.9% |
| Mid Cap | 14.6% | 17.7% |
| Small Cap | 3.2% | 1.8% |
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 | Edelweiss Arbitrage | Franklin India Arbitrage |
|---|---|---|
| Banks | 20.1% | 23.5% |
| Telecom - Services | 4.8% | 5.4% |
| Power | 5.2% | 1.9% |
| Petroleum Products | 3.3% | 4.2% |
| Automobiles | 2.0% | 4.1% |
| Pharmaceuticals & Biotechnology | 3.6% | 3.0% |
| Finance | 3.5% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Arbitrage vs Franklin India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Arbitrage Fund | Franklin India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 1.20% |
| Base expense ratio (Direct) | 0.33% | 0.23% |
| Total expense ratio (Regular) | 2.20% | 1.97% |
| Base expense ratio (Regular) | 0.90% | 0.89% |
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 Edelweiss Arbitrage with
Edelweiss Arbitrage Fund vs Franklin India Arbitrage Fund: Frequently Asked Questions
What is the difference between Edelweiss Arbitrage Fund and Franklin India Arbitrage Fund?
Both are Arbitrage funds, run by Edelweiss Mutual Fund and Franklin Templeton Mutual Fund. Their portfolios overlap 45.6%. Edelweiss Arbitrage Fund charges 1.53% a year and Franklin India Arbitrage Fund 1.20%.
Which has given higher returns, Edelweiss Arbitrage Fund or Franklin India Arbitrage Fund?
Over 1 year: Edelweiss Arbitrage Fund +6.66%, Franklin India Arbitrage Fund +7.13%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Arbitrage Fund or Franklin India Arbitrage Fund?
Franklin India Arbitrage Fund charges less: 1.20% a year against 1.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Arbitrage Fund and Franklin India Arbitrage Fund overlap?
45.6%. They hold 123 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both Edelweiss Arbitrage Fund and Franklin India Arbitrage Fund?
Yes. 45.6% 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.