Edelweiss Arbitrage Fund vs Old Bridge Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Arbitrage Fund and Old Bridge Arbitrage Fund are both Arbitrage funds. Edelweiss Arbitrage Fund charges 1.53% a year and Old Bridge Arbitrage Fund 1.09% (Direct plans). Their portfolios overlap 41.4%: they hold 87 of the same securities.
Which is better, Edelweiss Arbitrage or Old Bridge Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Old Bridge Arbitrage costs less: 1.09% a year against 1.53% (Direct plans).
- Edelweiss Arbitrage fell less in its worst fall since 14-11-2025: −0.4% against −0.7%.
- Old Bridge Arbitrage holds more in large companies: 64.1% of the fund in large caps against 51.3%.
- Edelweiss Arbitrage is the larger fund: ₹14,250 Cr against ₹254 Cr.
- Their portfolios overlap 41.4%: 87 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 | Old Bridge Arbitrage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Old Bridge Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹14,250 Cr (30-09-2026) | ₹254 Cr (30-09-2026) |
| NAV | ₹22.63 (Direct) | ₹10.62 (Direct) |
| Expense ratio (Direct) | 1.53% | 1.09% |
| Expense ratio (Regular) | 2.20% | 1.94% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage TRI |
| Launch date | 27-06-2014 | 13-11-2025 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval | Kenneth Joseph Andrade |
| 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 Old Bridge 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% |
| Old Bridge Arbitrage Fund (Direct) | +0.55% | +1.49% | +3.19% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Edelweiss Arbitrage vs Old Bridge Arbitrage: Year-wise Returns
| Year | EdelweissEdelweiss Arbitrage | Old BridgeOld Bridge Arbitrage |
|---|---|---|
| 2026to date | +5.42% | +5.31% |
| 2025 | +7.07% | -- |
| 2024 | +8.44% | -- |
| 2023 | +7.89% | -- |
| 2022 | +5.11% | -- |
| 2021 | +4.58% | -- |
Edelweiss Arbitrage vs Old Bridge Arbitrage: Rolling Returns
Every holding period of both funds
Edelweiss Arbitrage vs Old Bridge 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) | Old Bridge Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.84% | +6.43% |
| Standard deviation | 0.99% | 1.68% |
| Sharpe ratio | 1.08 | 0.71 |
| Sortino ratio | 1.63 | 1.06 |
| Maximum drawdown | −0.5% (03-06-2020) | −0.7% (29-05-2026) |
| 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)
Old Bridge 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% |
| Old Bridge Arbitrage Fund (Direct) | −0.7% | 18-05-2026 | 29-05-2026 | 04-06-2026 | 6 days | −0.1% |
From daily values since 14-11-2025, the first day every fund has.
Edelweiss Arbitrage vs Old Bridge Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Arbitrage Fund, September 2026; Old Bridge Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 41.4%
- Held by both
- 87
- Only in Edelweiss Arbitrage
- 104
- Only in Old Bridge Arbitrage
- 10
| Security | % of Edelweiss Arbitrage | % of Old Bridge Arbitrage |
|---|---|---|
| ICICI Bank Ltd. | 5.42% | 5.25% |
| HDFC Bank Ltd. | 5.01% | 4.76% |
| Reliance Industries Ltd. | 2.66% | 5.43% |
| Indus Towers Ltd. | 1.71% | 3.73% |
| Axis Bank Ltd. | 1.53% | 2.36% |
| Bharti Airtel Ltd. | 1.50% | 3.72% |
| Glenmark Pharmaceuticals Ltd. | 1.29% | 1.76% |
| State Bank of India | 1.16% | 1.33% |
| Canara Bank | 1.15% | 1.18% |
| Hindalco Industries Ltd. | 1.08% | 1.22% |
| JSW Steel Ltd. | 1.05% | 1.47% |
| Bharat Heavy Electricals Ltd. | 0.98% | 1.93% |
| Bank of Baroda | 0.73% | 0.90% |
| Coal India Ltd. | 0.73% | 0.79% |
| Punjab National Bank | 0.71% | 1.46% |
| IDFC First Bank Ltd. | 0.65% | 2.23% |
| Larsen & Toubro Ltd. | 0.64% | 0.80% |
| Power Finance Corporation Ltd. | 0.61% | 0.88% |
| Divi's Laboratories Ltd. | 0.58% | 1.28% |
| HDFC Life Insurance Company Ltd. | 0.58% | 0.84% |
| Hindustan Unilever Ltd. | 0.94% | 0.56% |
| Tata Steel Ltd. | 0.56% | 2.44% |
| Kotak Mahindra Bank Ltd. | 0.56% | 0.59% |
| Bajaj Finance Ltd. | 0.77% | 0.48% |
| Crompton Greaves Cons Electrical Ltd. | 0.48% | 0.64% |
| NTPC Ltd. | 1.37% | 0.42% |
| Jio Financial Services Ltd. | 0.42% | 1.23% |
| Yes Bank Ltd. | 0.87% | 0.39% |
| ITC Ltd. | 0.72% | 0.38% |
| Ultratech Cement Ltd. | 0.36% | 1.36% |
| The Indian Hotels Company Ltd. | 0.32% | 0.83% |
| Tata Consumer Products Ltd. | 0.32% | 1.30% |
| Biocon Ltd. | 0.32% | 0.55% |
| The Federal Bank Ltd. | 0.31% | 0.72% |
| NMDC Ltd. | 1.35% | 0.29% |
| Ambuja Cements Ltd. | 0.29% | 0.44% |
| IndusInd Bank Ltd. | 0.36% | 0.25% |
| Godrej Properties Ltd. | 0.32% | 0.25% |
| Swiggy Ltd. | 0.25% | 0.65% |
| VARUN BEVERAGES LIMITED | 0.25% | 0.96% |
| Multi Commodity Exchange Of India Ltd. | 0.25% | 0.82% |
| Bharat Electronics Ltd. | 0.49% | 0.24% |
| APL Apollo Tubes Ltd. | 0.24% | 0.88% |
| HDFC Asset Management Company Ltd. | 0.23% | 1.89% |
| Bank of India | 0.22% | 0.51% |
| UPL Ltd. | 0.50% | 0.20% |
| Jindal Steel Ltd. | 0.20% | 0.48% |
| Eternal Ltd. | 0.52% | 0.18% |
| Apollo Hospitals Enterprise Ltd. | 0.17% | 1.05% |
| Ashok Leyland Ltd. | 0.63% | 0.15% |
| Tata Power Company Ltd. | 0.15% | 1.52% |
| Infosys Ltd. | 1.01% | 0.14% |
| Fortis Healthcare Ltd. | 0.14% | 0.42% |
| Marico Ltd. | 0.14% | 0.19% |
| Delhivery Ltd. | 0.44% | 0.13% |
| Union Bank of India | 0.13% | 0.27% |
| Shriram Finance Ltd. | 0.12% | 2.97% |
| Info Edge (India) Ltd. | 0.52% | 0.11% |
| Dabur India Ltd. | 0.11% | 0.47% |
| Power Grid Corporation of India Ltd. | 0.10% | 0.60% |
| GMR Airports Ltd. | 0.08% | 0.39% |
| Container Corporation Of India Ltd. | 0.26% | 0.07% |
| Maruti Suzuki India Ltd. | 0.22% | 0.07% |
| Godrej Consumer Products Ltd. | 0.07% | 0.25% |
| Hindustan Aeronautics Ltd. | 0.06% | 1.21% |
| Oil & Natural Gas Corporation Ltd. | 0.06% | 0.14% |
| Pidilite Industries Ltd. | 0.06% | 0.20% |
| Bajaj Finserv Ltd. | 0.06% | 0.80% |
| Inox Wind Ltd. | 0.12% | 0.05% |
| SBI Life Insurance Company Ltd. | 0.07% | 0.05% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 0.29% |
| GAIL (India) Ltd. | 0.05% | 0.48% |
| Adani Ports & Special Economic Zone Ltd. | 0.05% | 0.07% |
| United Spirits Ltd. | 0.05% | 0.09% |
| Aurobindo Pharma Ltd. | 0.56% | 0.04% |
| Cholamandalam Investment & Finance Company Ltd. | 0.40% | 0.04% |
| AU Small Finance Bank Ltd. | 0.37% | 0.04% |
| Asian Paints Ltd. | 0.04% | 0.43% |
| LIC Housing Finance Ltd. | 0.04% | 1.11% |
| InterGlobe Aviation Ltd. | 0.11% | 0.03% |
| Mahindra & Mahindra Ltd. | 0.03% | 0.07% |
| Bharat Petroleum Corporation Ltd. | 0.14% | 0.02% |
| Indian Energy Exchange Ltd. | 0.11% | 0.02% |
| The Phoenix Mills Ltd. | 0.02% | 0.08% |
| Bharat Forge Ltd. | 0.02% | 0.49% |
| Sun Pharmaceutical Industries Ltd. | 0.01% | 0.58% |
| SRF Ltd. | 0.01% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.4% means 41.4% 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 Old Bridge Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill (MD 13/05/2027) | 5.70% |
| 182 Days Tbill (MD 19/11/2026) | 1.96% |
| 364 Days Tbill (MD 17/12/2026) | 1.95% |
| 182 Days Tbill (MD 04/02/2027) | 1.93% |
| DLF Limited | 0.33% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Arbitrage | Old Bridge Arbitrage |
|---|---|---|
| Equity | 69.1% | 79.4% |
| Debt | 16.3% | 11.5% |
| Cash and others | 14.6% | 9.1% |
Market cap of stocks
| Market cap | Edelweiss Arbitrage | Old Bridge Arbitrage |
|---|---|---|
| Large Cap | 51.3% | 64.1% |
| Mid Cap | 14.6% | 13.3% |
| Small Cap | 3.2% | 1.9% |
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 | Old Bridge Arbitrage |
|---|---|---|
| Banks | 20.1% | 22.2% |
| Finance | 3.5% | 7.5% |
| Telecom - Services | 4.8% | 7.5% |
| Petroleum Products | 3.3% | 5.5% |
| Power | 5.2% | 2.5% |
| Ferrous Metals | 2.7% | 4.4% |
| Pharmaceuticals & Biotechnology | 3.6% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Arbitrage vs Old Bridge Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Arbitrage Fund | Old Bridge Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 1.09% |
| Base expense ratio (Direct) | 0.33% | 0.12% |
| Total expense ratio (Regular) | 2.20% | 1.94% |
| Base expense ratio (Regular) | 0.90% | 0.84% |
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 Old Bridge Arbitrage Fund: Frequently Asked Questions
What is the difference between Edelweiss Arbitrage Fund and Old Bridge Arbitrage Fund?
Both are Arbitrage funds, run by Edelweiss Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 41.4%. Edelweiss Arbitrage Fund charges 1.53% a year and Old Bridge Arbitrage Fund 1.09%.
Which has the lower expense ratio, Edelweiss Arbitrage Fund or Old Bridge Arbitrage Fund?
Old Bridge Arbitrage Fund charges less: 1.09% a year against 1.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Arbitrage Fund and Old Bridge Arbitrage Fund overlap?
41.4%. They hold 87 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 Old Bridge Arbitrage Fund?
On SEBI's riskometer, Edelweiss Arbitrage Fund is rated Low and Old Bridge Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 0.99% and 1.68% a year.
Can I invest in both Edelweiss Arbitrage Fund and Old Bridge Arbitrage Fund?
Yes. 41.4% 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 Old Bridge Arbitrage Fund?
Edelweiss Arbitrage Fund: Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval. Old Bridge Arbitrage Fund: Kenneth Joseph Andrade.
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.