Edelweiss Arbitrage Fund vs JioBlackRock Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Arbitrage Fund and JioBlackRock Arbitrage Fund are both Arbitrage funds. Edelweiss Arbitrage Fund charges 1.53% a year and JioBlackRock Arbitrage Fund 1.99% (Direct plans). Their portfolios overlap 40.0%: they hold 109 of the same securities.
Which is better, Edelweiss Arbitrage or JioBlackRock 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 1.99% (Direct plans).
- JioBlackRock Arbitrage fell less in its worst fall since 19-12-2025: −0.4% against −0.4%.
- Edelweiss Arbitrage is the larger fund: ₹14,250 Cr against ₹558 Cr.
- Their portfolios overlap 40.0%: 109 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 | JioBlackRock Arbitrage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹14,250 Cr (30-09-2026) | ₹558 Cr (30-09-2026) |
| NAV | ₹22.63 (Direct) | ₹10.61 (Direct) |
| Expense ratio (Direct) | 1.53% | 1.99% |
| Expense ratio (Regular) | 2.20% | 3.26% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage TRI |
| Launch date | 27-06-2014 | 21-08-2026 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval | Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R |
| 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" | Nil |
Edelweiss Arbitrage vs JioBlackRock 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% |
| JioBlackRock Arbitrage Fund (Direct) | +0.67% | +1.65% | +3.38% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Edelweiss Arbitrage vs JioBlackRock Arbitrage: Year-wise Returns
| Year | EdelweissEdelweiss Arbitrage | JioBlackRockJioBlackRock Arbitrage |
|---|---|---|
| 2026to date | +5.42% | +5.76% |
| 2025 | +7.07% | -- |
| 2024 | +8.44% | -- |
| 2023 | +7.89% | -- |
| 2022 | +5.11% | -- |
| 2021 | +4.58% | -- |
Edelweiss Arbitrage vs JioBlackRock Arbitrage: Rolling Returns
Every holding period of both funds
Edelweiss Arbitrage vs JioBlackRock 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) | JioBlackRock Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.84% | +7.01% |
| Standard deviation | 0.99% | 1.50% |
| Sharpe ratio | 1.08 | 1.19 |
| Sortino ratio | 1.63 | 1.84 |
| 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)
JioBlackRock 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% |
| JioBlackRock Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | 0.0% |
From daily values since 19-12-2025, the first day every fund has.
Edelweiss Arbitrage vs JioBlackRock Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Arbitrage Fund, September 2026; JioBlackRock Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 40.0%
- Held by both
- 109
- Only in Edelweiss Arbitrage
- 82
- Only in JioBlackRock Arbitrage
- 12
| Security | % of Edelweiss Arbitrage | % of JioBlackRock Arbitrage |
|---|---|---|
| ICICI Bank Ltd. | 5.42% | 7.14% |
| HDFC Bank Ltd. | 5.01% | 6.97% |
| Reliance Industries Ltd. | 2.66% | 6.48% |
| Vodafone Idea Ltd. | 1.61% | 5.24% |
| Adani Enterprises Ltd. | 1.61% | 1.57% |
| Axis Bank Ltd. | 1.53% | 1.22% |
| State Bank of India | 1.16% | 2.14% |
| Canara Bank | 1.15% | 4.85% |
| Adani Power Ltd. | 0.97% | 1.00% |
| NMDC Ltd. | 1.35% | 0.93% |
| Yes Bank Ltd. | 0.87% | 2.42% |
| Infosys Ltd. | 1.01% | 0.87% |
| Bank of Baroda | 0.73% | 1.22% |
| ITC Ltd. | 0.72% | 1.62% |
| IDFC First Bank Ltd. | 0.65% | 0.62% |
| Manappuram Finance Ltd. | 0.62% | 0.64% |
| Power Finance Corporation Ltd. | 0.61% | 0.64% |
| Tata Steel Ltd. | 0.56% | 1.74% |
| Bharti Airtel Ltd. | 1.50% | 0.54% |
| Coal India Ltd. | 0.73% | 0.51% |
| Crompton Greaves Cons Electrical Ltd. | 0.48% | 1.67% |
| Delhivery Ltd. | 0.44% | 0.44% |
| Life Insurance Corporation of India | 0.42% | 3.72% |
| Hindalco Industries Ltd. | 1.08% | 0.41% |
| Bajaj Finance Ltd. | 0.77% | 0.40% |
| Divi's Laboratories Ltd. | 0.58% | 0.40% |
| Torrent Pharmaceuticals Ltd. | 0.39% | 0.72% |
| Cummins India Ltd. | 0.37% | 0.72% |
| Bharat Electronics Ltd. | 0.49% | 0.37% |
| IndusInd Bank Ltd. | 0.36% | 0.70% |
| BSE Ltd. | 0.57% | 0.34% |
| Godrej Properties Ltd. | 0.32% | 0.70% |
| The Federal Bank Ltd. | 0.31% | 1.09% |
| Kalyan Jewellers India Ltd. | 0.28% | 0.31% |
| Kotak Mahindra Bank Ltd. | 0.56% | 0.27% |
| Container Corporation Of India Ltd. | 0.26% | 0.34% |
| Swiggy Ltd. | 0.25% | 1.19% |
| VARUN BEVERAGES LIMITED | 0.25% | 0.93% |
| Multi Commodity Exchange Of India Ltd. | 0.25% | 0.60% |
| Ashok Leyland Ltd. | 0.63% | 0.25% |
| APL Apollo Tubes Ltd. | 0.24% | 0.33% |
| Astral Ltd. | 0.23% | 0.43% |
| Maruti Suzuki India Ltd. | 0.22% | 0.27% |
| Titan Company Ltd. | 0.26% | 0.19% |
| The Indian Hotels Company Ltd. | 0.32% | 0.18% |
| NTPC Ltd. | 1.37% | 0.15% |
| JSW Energy Ltd. | 0.15% | 0.14% |
| Jio Financial Services Ltd. | 0.42% | 0.14% |
| Marico Ltd. | 0.14% | 0.14% |
| Biocon Ltd. | 0.32% | 0.13% |
| Indian Oil Corporation Ltd. | 0.43% | 0.13% |
| Hindustan Unilever Ltd. | 0.94% | 0.12% |
| Bharat Heavy Electricals Ltd. | 0.98% | 0.12% |
| SBI Cards & Payment Services Ltd. | 0.22% | 0.12% |
| Punjab National Bank | 0.71% | 0.11% |
| Tata Power Company Ltd. | 0.15% | 0.11% |
| Power Grid Corporation of India Ltd. | 0.10% | 0.14% |
| Aurobindo Pharma Ltd. | 0.56% | 0.10% |
| Indus Towers Ltd. | 1.71% | 0.09% |
| AU Small Finance Bank Ltd. | 0.37% | 0.09% |
| Union Bank of India | 0.13% | 0.08% |
| Hindustan Petroleum Corporation Ltd. | 0.09% | 0.08% |
| Bajaj Auto Ltd. | 0.19% | 0.07% |
| Lupin Ltd. | 0.07% | 0.26% |
| Aditya Birla Capital Ltd. | 0.07% | 0.15% |
| KEI Industries Ltd. | 0.07% | 0.77% |
| Steel Authority of India Ltd. | 0.85% | 0.06% |
| Info Edge (India) Ltd. | 0.52% | 0.06% |
| Hindustan Aeronautics Ltd. | 0.06% | 0.21% |
| Oil & Natural Gas Corporation Ltd. | 0.06% | 0.21% |
| Tech Mahindra Ltd. | 0.06% | 0.13% |
| HCL Technologies Ltd. | 0.06% | 0.66% |
| Tata Motors Passenger Vehicles Ltd. | 0.11% | 0.06% |
| GE Vernova T&D India Limited | 0.11% | 0.06% |
| Bajaj Finserv Ltd. | 0.06% | 0.06% |
| Cholamandalam Investment & Finance Company Ltd. | 0.40% | 0.05% |
| InterGlobe Aviation Ltd. | 0.11% | 0.05% |
| Fortis Healthcare Ltd. | 0.14% | 0.05% |
| UPL Ltd. | 0.50% | 0.05% |
| HDFC Life Insurance Company Ltd. | 0.58% | 0.05% |
| GAIL (India) Ltd. | 0.05% | 0.05% |
| Tata Consultancy Services Ltd. | 0.05% | 0.29% |
| HDFC Asset Management Company Ltd. | 0.23% | 0.05% |
| RBL Bank Ltd. | 0.14% | 0.05% |
| Coforge Ltd. | 0.55% | 0.04% |
| Asian Paints Ltd. | 0.04% | 0.09% |
| LIC Housing Finance Ltd. | 0.04% | 0.11% |
| National Aluminium Company Ltd. | 0.04% | 0.29% |
| Larsen & Toubro Ltd. | 0.64% | 0.04% |
| Indian Energy Exchange Ltd. | 0.11% | 0.03% |
| Mahindra & Mahindra Ltd. | 0.03% | 0.34% |
| Computer Age Management Services Ltd. | 0.03% | 0.09% |
| Samvardhana Motherson International Ltd. | 0.03% | 0.04% |
| Tata Consumer Products Ltd. | 0.32% | 0.03% |
| Hitachi Energy India Ltd. | 0.13% | 0.03% |
| The Phoenix Mills Ltd. | 0.02% | 0.02% |
| Mphasis Ltd. | 0.02% | 0.04% |
| JSW Steel Ltd. | 1.05% | 0.02% |
| Eternal Ltd. | 0.52% | 0.01% |
| Alkem Laboratories Ltd. | 0.06% | 0.01% |
| Suzlon Energy Ltd. | 0.01% | 0.03% |
| Sun Pharmaceutical Industries Ltd. | 0.01% | 0.31% |
| Sagility Ltd. | 0.01% | 0.03% |
| PG Electroplast Ltd. | 0.01% | 0.82% |
| SRF Ltd. | 0.01% | 0.40% |
| Ultratech Cement Ltd. | 0.36% | 0.01% |
| Tube Investments Of India Ltd. | 0.03% | 0.01% |
| Inox Wind Ltd. | 0.12% | 0.01% |
| Voltas Ltd. | 0.02% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.0% means 40.0% 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% |
| CANARA BANK CD RD 29-06-27 | 1.33% |
Largest holdings only in JioBlackRock Arbitrage Fund
| Security | % of fund |
|---|---|
| JioBlackRock Money Market Fund - Direct Plan - Growth Option | 11.16% |
| HDFC Bank Ltd (18-Jan-2027) | 4.39% |
| Canara Bank (28-Jan-2027) | 4.38% |
| JioBlackRock Liquid Fund - Direct Plan - Growth Option | 2.83% |
| Radico Khaitan Ltd | 0.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Equity | 69.1% | 74.1% |
| Debt | 16.3% | 8.8% |
| Cash and others | 14.6% | 17.1% |
Market cap of stocks
| Market cap | Edelweiss Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Large Cap | 51.3% | 56.6% |
| Mid Cap | 14.6% | 13.5% |
| Small Cap | 3.2% | 3.9% |
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 | JioBlackRock Arbitrage |
|---|---|---|
| Banks | 20.1% | 29.0% |
| Petroleum Products | 3.3% | 6.7% |
| Telecom - Services | 4.8% | 5.9% |
| Power | 5.2% | 1.5% |
| Insurance | 1.2% | 3.8% |
| Pharmaceuticals & Biotechnology | 3.6% | 1.9% |
| Finance | 3.5% | 2.5% |
| Consumer Durables | 1.1% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Arbitrage vs JioBlackRock Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Arbitrage Fund | JioBlackRock Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 1.99% |
| Base expense ratio (Direct) | 0.33% | 0.28% |
| Total expense ratio (Regular) | 2.20% | 3.26% |
| Base expense ratio (Regular) | 0.90% | 0.90% |
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 JioBlackRock Arbitrage Fund: Frequently Asked Questions
What is the difference between Edelweiss Arbitrage Fund and JioBlackRock Arbitrage Fund?
Both are Arbitrage funds, run by Edelweiss Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 40.0%. Edelweiss Arbitrage Fund charges 1.53% a year and JioBlackRock Arbitrage Fund 1.99%.
Which has the lower expense ratio, Edelweiss Arbitrage Fund or JioBlackRock Arbitrage Fund?
Edelweiss Arbitrage Fund charges less: 1.53% a year against 1.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Arbitrage Fund and JioBlackRock Arbitrage Fund overlap?
40.0%. They hold 109 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 JioBlackRock Arbitrage Fund?
On SEBI's riskometer, Edelweiss Arbitrage Fund is rated Low and JioBlackRock Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 0.99% and 1.50% a year.
Can I invest in both Edelweiss Arbitrage Fund and JioBlackRock Arbitrage Fund?
Yes. 40.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Edelweiss Arbitrage Fund and JioBlackRock Arbitrage Fund?
Edelweiss Arbitrage Fund: Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval. JioBlackRock Arbitrage Fund: Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R.
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.