Edelweiss Arbitrage Fund vs Motilal Oswal Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Arbitrage Fund and Motilal Oswal Arbitrage Fund are both Arbitrage funds. In the year to 30-10-2026, Edelweiss Arbitrage Fund (Direct) returned 6.7% and Motilal Oswal Arbitrage Fund (Direct) returned 7.0%. Edelweiss Arbitrage Fund charges 1.53% a year and Motilal Oswal Arbitrage Fund 0.99% (Direct plans). Their portfolios overlap 37.0%: they hold 115 of the same securities.
Edelweiss Arbitrage Fund
Arbitrage
- 1 year return
- 6.7%
- Expense ratio
- 1.53%
- NAV
- ₹22.63
Motilal Oswal Arbitrage Fund
Arbitrage
- 1 year return
- 7.0%
- Expense ratio
- 0.99%
- NAV
- ₹11.37
Which is better, Edelweiss Arbitrage or Motilal Oswal Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal Arbitrage returned more over 1 year: 7.0% against 6.7%.
- Motilal Oswal Arbitrage costs less: 0.99% a year against 1.53% (Direct plans).
- Motilal Oswal Arbitrage fell less in its worst fall since 27-12-2024: −0.4% against −0.4%.
- Edelweiss Arbitrage is the larger fund: ₹14,250 Cr against ₹3,434 Cr.
- Their portfolios overlap 37.0%: 115 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 | Motilal Oswal Arbitrage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹14,250 Cr (30-09-2026) | ₹3,434 Cr (30-09-2026) |
| NAV | ₹22.63 (Direct) | ₹11.37 (Direct) |
| Expense ratio (Direct) | 1.53% | 0.99% |
| Expense ratio (Regular) | 2.20% | 1.98% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage TRI |
| Launch date | 27-06-2014 | 23-12-2024 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval | Vishal Ashar, Atul Mehra, Rakesh Shetty |
| 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" | 0.25% - If redeemed within 30 days from the day of allotment. Nil - If redeemed after 30 days from the date of allotment. |
Edelweiss Arbitrage vs Motilal Oswal 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% |
| Motilal Oswal Arbitrage Fund (Direct) | +0.48% | +1.54% | +3.30% | +6.98% | -- | -- | -- |
| 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 Motilal Oswal Arbitrage: Year-wise Returns
| Year | EdelweissEdelweiss Arbitrage | Motilal OswalMotilal Oswal Arbitrage |
|---|---|---|
| 2026to date | +5.42% | +5.62% |
| 2025 | +7.07% | +7.46% |
| 2024 | +8.44% | -- |
| 2023 | +7.89% | -- |
| 2022 | +5.11% | -- |
| 2021 | +4.58% | -- |
Edelweiss Arbitrage vs Motilal Oswal Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 206 of them, one for each trading day from 29-12-2025 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)
Motilal Oswal Arbitrage Fund (Direct)
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 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 | 6.7% | 6.7% | 6.2% | 7.1% |
| Motilal Oswal Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.2% | 6.7% | 7.6% |
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 27-12-2024. Past returns do not promise future returns.
Edelweiss Arbitrage vs Motilal Oswal 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ArbitrageEdelweiss Arbitrage Fund (Direct) | ₹2,30,000 | ₹2,45,294 | ₹15,294 | 6.6% |
| Motilal Oswal ArbitrageMotilal Oswal Arbitrage Fund (Direct) | ₹2,30,000 | ₹2,45,995 | ₹15,995 | 6.9% |
Edelweiss ArbitrageEdelweiss Arbitrage Fund (Direct)
Motilal Oswal ArbitrageMotilal Oswal 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 Motilal Oswal 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) | Motilal Oswal Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +6.98% |
| Standard deviation | 1.28% | 1.39% |
| Sharpe ratio | 1.11 | 1.24 |
| Sortino ratio | 1.73 | 1.88 |
| 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) | Motilal Oswal Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.84% | +7.14% |
| Standard deviation | 0.99% | 1.16% |
| Sharpe ratio | 1.08 | 1.37 |
| Sortino ratio | 1.63 | 2.08 |
| 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)
Motilal Oswal 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% |
| Motilal Oswal Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | −0.0% |
From daily values since 27-12-2024, 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)
Motilal Oswal Arbitrage Fund (Direct)
Edelweiss Arbitrage vs Motilal Oswal Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Arbitrage Fund, September 2026; Motilal Oswal Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 37.0%
- Held by both
- 115
- Only in Edelweiss Arbitrage
- 76
- Only in Motilal Oswal Arbitrage
- 23
| Security | % of Edelweiss Arbitrage | % of Motilal Oswal Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 5.01% | 5.41% |
| Reliance Industries Ltd. | 2.66% | 4.58% |
| ICICI Bank Ltd. | 5.42% | 2.28% |
| Axis Bank Ltd. | 1.53% | 2.53% |
| Bharti Airtel Ltd. | 1.50% | 3.63% |
| Vodafone Idea Ltd. | 1.61% | 1.34% |
| Adani Enterprises Ltd. | 1.61% | 1.11% |
| State Bank of India | 1.16% | 1.11% |
| TVS Motor Company Ltd. | 1.10% | 3.37% |
| Steel Authority of India Ltd. | 0.85% | 1.23% |
| Bajaj Finance Ltd. | 0.77% | 1.72% |
| SIDBI CD RED 11-06-2027 | 2.00% | 0.69% |
| NABARD CD RED 17-03-2027 | 0.68% | 0.71% |
| Larsen & Toubro Ltd. | 0.64% | 1.19% |
| Ashok Leyland Ltd. | 0.63% | 0.97% |
| HDFC Life Insurance Company Ltd. | 0.58% | 0.57% |
| Kotak Mahindra Bank Ltd. | 0.56% | 2.39% |
| Bharat Heavy Electricals Ltd. | 0.98% | 0.52% |
| ITC Ltd. | 0.72% | 0.50% |
| Bharat Electronics Ltd. | 0.49% | 0.53% |
| Eternal Ltd. | 0.52% | 0.43% |
| Jio Financial Services Ltd. | 0.42% | 0.68% |
| Cholamandalam Investment & Finance Company Ltd. | 0.40% | 3.49% |
| AU Small Finance Bank Ltd. | 0.37% | 3.07% |
| IndusInd Bank Ltd. | 0.36% | 0.75% |
| Tata Steel Ltd. | 0.56% | 0.35% |
| SIDBI CD RED 16-12-2026 | 0.35% | 0.72% |
| Indus Towers Ltd. | 1.71% | 0.34% |
| Yes Bank Ltd. | 0.87% | 0.34% |
| JSW Steel Ltd. | 1.05% | 0.31% |
| Infosys Ltd. | 1.01% | 0.30% |
| Adani Green Energy Ltd. | 0.46% | 0.29% |
| Kalyan Jewellers India Ltd. | 0.28% | 0.39% |
| NMDC Ltd. | 1.35% | 0.26% |
| Cummins India Ltd. | 0.37% | 0.26% |
| Bank of Baroda | 0.73% | 0.25% |
| Divi's Laboratories Ltd. | 0.58% | 0.25% |
| Swiggy Ltd. | 0.25% | 0.26% |
| Multi Commodity Exchange Of India Ltd. | 0.25% | 0.24% |
| SBI Cards & Payment Services Ltd. | 0.22% | 0.27% |
| Maruti Suzuki India Ltd. | 0.22% | 1.73% |
| Eicher Motors Ltd. | 0.38% | 0.21% |
| Jindal Steel Ltd. | 0.20% | 0.23% |
| Hindustan Unilever Ltd. | 0.94% | 0.19% |
| Godrej Properties Ltd. | 0.32% | 0.17% |
| HDFC BANK CD RED 22-01-2027 | 0.17% | 0.71% |
| Canara Bank | 1.15% | 0.16% |
| Ultratech Cement Ltd. | 0.36% | 0.16% |
| Vedanta Ltd. | 0.28% | 0.16% |
| Crompton Greaves Cons Electrical Ltd. | 0.48% | 0.15% |
| Apollo Hospitals Enterprise Ltd. | 0.17% | 0.15% |
| IDFC First Bank Ltd. | 0.65% | 0.14% |
| Life Insurance Corporation of India | 0.42% | 0.14% |
| Supreme Industries Ltd. | 0.14% | 0.33% |
| Marico Ltd. | 0.14% | 0.17% |
| RBL Bank Ltd. | 0.14% | 0.77% |
| One 97 Communications Ltd. | 0.14% | 1.10% |
| Bajaj Auto Ltd. | 0.19% | 0.13% |
| PNB Housing Finance Ltd. | 0.13% | 0.63% |
| Bandhan Bank Ltd. | 0.75% | 0.12% |
| Inox Wind Ltd. | 0.12% | 0.87% |
| Shriram Finance Ltd. | 0.12% | 0.69% |
| The Federal Bank Ltd. | 0.31% | 0.11% |
| InterGlobe Aviation Ltd. | 0.11% | 1.74% |
| Aurobindo Pharma Ltd. | 0.56% | 0.10% |
| Biocon Ltd. | 0.32% | 0.10% |
| Ambuja Cements Ltd. | 0.29% | 0.10% |
| HDFC Asset Management Company Ltd. | 0.23% | 0.10% |
| National Buildings Construction Corporation Ltd. | 0.13% | 0.09% |
| Central Depository Services (I) Ltd. | 0.09% | 0.40% |
| Hindalco Industries Ltd. | 1.08% | 0.08% |
| Coforge Ltd. | 0.55% | 0.08% |
| The Indian Hotels Company Ltd. | 0.32% | 0.08% |
| Muthoot Finance Ltd. | 0.08% | 0.27% |
| Angel One Ltd. | 0.08% | 0.36% |
| Info Edge (India) Ltd. | 0.52% | 0.07% |
| VARUN BEVERAGES LIMITED | 0.25% | 0.07% |
| Indian Energy Exchange Ltd. | 0.11% | 0.07% |
| Lupin Ltd. | 0.07% | 0.08% |
| Aditya Birla Capital Ltd. | 0.07% | 2.15% |
| APL Apollo Tubes Ltd. | 0.24% | 0.06% |
| SBI Life Insurance Company Ltd. | 0.07% | 0.06% |
| Hindustan Aeronautics Ltd. | 0.06% | 0.14% |
| Pidilite Industries Ltd. | 0.06% | 0.09% |
| Bajaj Finserv Ltd. | 0.06% | 0.43% |
| Max Financial Services Ltd. | 0.15% | 0.05% |
| Tata Motors Passenger Vehicles Ltd. | 0.11% | 0.05% |
| Cipla Ltd. | 0.05% | 0.32% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 2.37% |
| Premier Energies Ltd. | 0.05% | 0.06% |
| GAIL (India) Ltd. | 0.05% | 0.05% |
| Tata Consultancy Services Ltd. | 0.05% | 0.13% |
| Patanjali Foods Ltd. | 0.05% | 0.28% |
| Adani Ports & Special Economic Zone Ltd. | 0.05% | 0.10% |
| Adani Energy Solutions Ltd. | 2.01% | 0.04% |
| Asian Paints Ltd. | 0.04% | 0.18% |
| LIC Housing Finance Ltd. | 0.04% | 0.15% |
| Polycab India Ltd. | 0.04% | 0.04% |
| Tata Consumer Products Ltd. | 0.32% | 0.03% |
| Bharat Petroleum Corporation Ltd. | 0.14% | 0.03% |
| Oil & Natural Gas Corporation Ltd. | 0.06% | 0.03% |
| Mahindra & Mahindra Ltd. | 0.03% | 1.53% |
| Samvardhana Motherson International Ltd. | 0.03% | 0.88% |
| Hindustan Petroleum Corporation Ltd. | 0.09% | 0.02% |
| Alkem Laboratories Ltd. | 0.06% | 0.02% |
| Tube Investments Of India Ltd. | 0.03% | 0.02% |
| Bharat Forge Ltd. | 0.02% | 0.03% |
| NTPC Ltd. | 1.37% | 0.01% |
| Glenmark Pharmaceuticals Ltd. | 1.29% | 0.01% |
| Titan Company Ltd. | 0.26% | 0.01% |
| Dabur India Ltd. | 0.11% | 0.01% |
| United Spirits Ltd. | 0.05% | 0.01% |
| Suzlon Energy Ltd. | 0.01% | 0.37% |
| Sun Pharmaceutical Industries Ltd. | 0.01% | 0.74% |
| PG Electroplast Ltd. | 0.01% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.0% means 37.0% 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% |
| 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 Motilal Oswal Arbitrage Fund
| Security | % of fund |
|---|---|
| Motilal Oswal Liquid Fund - Direct Growth | 7.13% |
| Motilal Oswal Ultra Short Term Fund (MOFUSTF) -Direct Plan- Growth | 2.07% |
| 5.74% Government of India 2026 | 0.73% |
| 364 Days Tbill (MD 23/10/2026) | 0.73% |
| Bank of Baroda 2026 | 0.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Arbitrage | Motilal Oswal Arbitrage |
|---|---|---|
| Equity | 69.1% | 71.3% |
| Debt | 16.3% | 14.3% |
| Cash and others | 14.6% | 14.4% |
Market cap of stocks
| Market cap | Edelweiss Arbitrage | Motilal Oswal Arbitrage |
|---|---|---|
| Large Cap | 51.3% | 53.6% |
| Mid Cap | 14.6% | 13.5% |
| Small Cap | 3.2% | 4.2% |
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 | Motilal Oswal Arbitrage |
|---|---|---|
| Banks | 20.1% | 19.4% |
| Finance | 3.5% | 10.5% |
| Automobiles | 2.0% | 7.1% |
| Telecom - Services | 4.8% | 5.3% |
| Power | 5.2% | 0.3% |
| Petroleum Products | 3.3% | 4.6% |
| Electrical Equipment | 1.5% | 4.2% |
| Pharmaceuticals & Biotechnology | 3.6% | 1.7% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Arbitrage vs Motilal Oswal Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Arbitrage Fund | Motilal Oswal Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 0.99% |
| Base expense ratio (Direct) | 0.33% | 0.10% |
| Total expense ratio (Regular) | 2.20% | 1.98% |
| Base expense ratio (Regular) | 0.90% | 1.00% |
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 Motilal Oswal Arbitrage Fund: Frequently Asked Questions
What is the difference between Edelweiss Arbitrage Fund and Motilal Oswal Arbitrage Fund?
Both are Arbitrage funds, run by Edelweiss Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 37.0%. Edelweiss Arbitrage Fund charges 1.53% a year and Motilal Oswal Arbitrage Fund 0.99%.
Which has given higher returns, Edelweiss Arbitrage Fund or Motilal Oswal Arbitrage Fund?
Over 1 year: Edelweiss Arbitrage Fund +6.66%, Motilal Oswal Arbitrage Fund +6.98%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Arbitrage Fund or Motilal Oswal Arbitrage Fund?
Motilal Oswal Arbitrage Fund charges less: 0.99% a year against 1.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Arbitrage Fund and Motilal Oswal Arbitrage Fund overlap?
37.0%. They hold 115 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Arbitrage Fund or Motilal Oswal Arbitrage Fund?
On SEBI's riskometer, Edelweiss Arbitrage Fund is rated Low and Motilal Oswal Arbitrage Fund Low. Over 1 years, the standard deviation of daily returns was 1.28% and 1.39% a year.
Can I invest in both Edelweiss Arbitrage Fund and Motilal Oswal Arbitrage Fund?
Yes. 37.0% 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 Motilal Oswal Arbitrage Fund?
Edelweiss Arbitrage Fund: Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval. Motilal Oswal Arbitrage Fund: Vishal Ashar, Atul Mehra, Rakesh Shetty.
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.