Edelweiss Arbitrage Fund vs Helios Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Arbitrage Fund and Helios Arbitrage Fund are both Arbitrage funds. Edelweiss Arbitrage Fund charges 1.53% a year and Helios Arbitrage Fund 1.76% (Direct plans). Their portfolios overlap 27.9%: they hold 29 of the same securities.
Which is better, Edelweiss Arbitrage or Helios Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss Arbitrage costs less: 1.53% a year against 1.76% (Direct plans).
- Edelweiss Arbitrage fell less in its worst fall since 23-03-2026: −0.4% against −0.5%.
- Helios Arbitrage holds more in large companies: 68.6% of the fund in large caps against 51.3%.
- Edelweiss Arbitrage is the larger fund: ₹14,250 Cr against ₹133 Cr.
- Their portfolios overlap 27.9%: 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 | Edelweiss Arbitrage Fund | Helios Arbitrage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Helios Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹14,250 Cr (30-09-2026) | ₹133 Cr (30-09-2026) |
| NAV | ₹22.63 (Direct) | ₹10.36 (Direct) |
| Expense ratio (Direct) | 1.53% | 1.76% |
| Expense ratio (Regular) | 2.20% | 2.28% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage TRI |
| Launch date | 27-06-2014 | 20-03-2026 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval | Alok Bahl, Pratik Singh |
| 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" | Exit load of 0.25%, if redeemed within 7 Days. |
Edelweiss Arbitrage vs Helios 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% |
| Helios Arbitrage Fund (Direct) | +0.58% | +1.37% | +2.98% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Edelweiss Arbitrage vs Helios Arbitrage: Year-wise Returns
| Year | EdelweissEdelweiss Arbitrage | HeliosHelios Arbitrage |
|---|---|---|
| 2026to date | +5.42% | -- |
| 2025 | +7.07% | -- |
| 2024 | +8.44% | -- |
| 2023 | +7.89% | -- |
| 2022 | +5.11% | -- |
| 2021 | +4.58% | -- |
Edelweiss Arbitrage vs Helios Arbitrage: Rolling Returns
Every holding period of both funds
Edelweiss Arbitrage vs Helios 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) | Helios Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.84% | +5.84% |
| Standard deviation | 0.99% | 1.99% |
| Sharpe ratio | 1.08 | 0.29 |
| Sortino ratio | 1.63 | 0.43 |
| Maximum drawdown | −0.5% (03-06-2020) | −0.5% (04-09-2026) |
| 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)
Helios 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% |
| Helios Arbitrage Fund (Direct) | −0.5% | 31-08-2026 | 04-09-2026 | 10-09-2026 | 6 days | −0.1% |
From daily values since 23-03-2026, the first day every fund has.
Edelweiss Arbitrage vs Helios Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Arbitrage Fund, September 2026; Helios Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 27.9%
- Held by both
- 29
- Only in Edelweiss Arbitrage
- 162
- Only in Helios Arbitrage
- 6
| Security | % of Edelweiss Arbitrage | % of Helios Arbitrage |
|---|---|---|
| ICICI Bank Ltd. | 5.42% | 5.78% |
| HDFC Bank Ltd. | 5.01% | 6.93% |
| Reliance Industries Ltd. | 2.66% | 5.80% |
| Axis Bank Ltd. | 1.53% | 5.59% |
| Bharti Airtel Ltd. | 1.50% | 1.95% |
| State Bank of India | 1.16% | 4.22% |
| Canara Bank | 1.15% | 3.64% |
| Hindalco Industries Ltd. | 1.08% | 1.74% |
| Indus Towers Ltd. | 1.71% | 0.81% |
| Bank of Baroda | 0.73% | 2.13% |
| Punjab National Bank | 0.71% | 0.95% |
| Bajaj Finance Ltd. | 0.77% | 0.65% |
| Larsen & Toubro Ltd. | 0.64% | 3.51% |
| Ashok Leyland Ltd. | 0.63% | 2.55% |
| Power Finance Corporation Ltd. | 0.61% | 0.64% |
| Tata Steel Ltd. | 0.56% | 4.77% |
| Crompton Greaves Cons Electrical Ltd. | 0.48% | 1.62% |
| Life Insurance Corporation of India | 0.42% | 5.58% |
| Jio Financial Services Ltd. | 0.42% | 1.80% |
| Eicher Motors Ltd. | 0.38% | 4.36% |
| Multi Commodity Exchange Of India Ltd. | 0.25% | 1.34% |
| HDFC Asset Management Company Ltd. | 0.23% | 1.24% |
| Bank of India | 0.22% | 1.17% |
| Jindal Steel Ltd. | 0.20% | 2.72% |
| Maruti Suzuki India Ltd. | 0.22% | 0.18% |
| Union Bank of India | 0.13% | 0.68% |
| Muthoot Finance Ltd. | 0.08% | 1.36% |
| Cipla Ltd. | 0.05% | 1.20% |
| Asian Paints Ltd. | 0.04% | 0.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.9% means 27.9% 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 Edelweiss Arbitrage Fund
| Security | % of fund |
|---|---|
| EDELWEISS LIQUID FUND - DIRECT PL -GR | 7.91% |
| EDELWEISS MONEY MARKET FUND - DIRECT PL | 4.08% |
| Adani Energy Solutions Ltd. | 2.01% |
| SIDBI CD RED 11-06-2027 | 2.00% |
| Adani Enterprises Ltd. | 1.61% |
Largest holdings only in Helios Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 DAY T-BILL 28.01.27 | 3.69% |
| 364 DAY T-BILL 11.03.27 | 3.67% |
| 364 DAY T-BILL 13.05.27 | 3.63% |
| 364 DAY T-BILL 06.05.27 | 3.63% |
| 364 DAY T-BILL 05.08.27 | 3.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Arbitrage | Helios Arbitrage |
|---|---|---|
| Equity | 69.1% | 75.3% |
| Debt | 16.3% | 21.8% |
| Cash and others | 14.6% | 2.9% |
Market cap of stocks
| Market cap | Edelweiss Arbitrage | Helios Arbitrage |
|---|---|---|
| Large Cap | 51.3% | 68.6% |
| Mid Cap | 14.6% | 5.1% |
| Small Cap | 3.2% | 1.6% |
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 | Edelweiss Arbitrage | Helios Arbitrage |
|---|---|---|
| Banks | 20.1% | 31.1% |
| Ferrous Metals | 2.7% | 7.5% |
| Petroleum Products | 3.3% | 5.8% |
| Insurance | 1.2% | 5.6% |
| Power | 5.2% | 0.0% |
| Telecom - Services | 4.8% | 2.8% |
| Automobiles | 2.0% | 4.5% |
| Finance | 3.5% | 4.5% |
| Pharmaceuticals & Biotechnology | 3.6% | 1.2% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Arbitrage vs Helios Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Arbitrage Fund | Helios Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 1.76% |
| Base expense ratio (Direct) | 0.33% | 0.42% |
| Total expense ratio (Regular) | 2.20% | 2.28% |
| Base expense ratio (Regular) | 0.90% | 0.87% |
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 Helios Arbitrage Fund: Frequently Asked Questions
What is the difference between Edelweiss Arbitrage Fund and Helios Arbitrage Fund?
Both are Arbitrage funds, run by Edelweiss Mutual Fund and Helios Mutual Fund. Their portfolios overlap 27.9%. Edelweiss Arbitrage Fund charges 1.53% a year and Helios Arbitrage Fund 1.76%.
Which has the lower expense ratio, Edelweiss Arbitrage Fund or Helios Arbitrage Fund?
Edelweiss Arbitrage Fund charges less: 1.53% a year against 1.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Arbitrage Fund and Helios Arbitrage Fund overlap?
27.9%. They hold 29 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Arbitrage Fund or Helios Arbitrage Fund?
On SEBI's riskometer, Edelweiss Arbitrage Fund is rated Low and Helios Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 0.99% and 1.99% a year.
Can I invest in both Edelweiss Arbitrage Fund and Helios Arbitrage Fund?
Yes. 27.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Arbitrage Fund and Helios Arbitrage Fund?
Edelweiss Arbitrage Fund: Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval. Helios Arbitrage Fund: Alok Bahl, Pratik Singh.
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.