Edelweiss Arbitrage Fund vs Sundaram Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Arbitrage Fund and Sundaram Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, Edelweiss Arbitrage Fund (Direct) returned 7.4% a year and Sundaram Arbitrage Fund (Direct) returned 7.2% a year. Edelweiss Arbitrage Fund charges 1.53% a year and Sundaram Arbitrage Fund 0.97% (Direct plans). Their portfolios overlap 29.4%: they hold 43 of the same securities.
Edelweiss Arbitrage Fund
Arbitrage
- 3 year return
- 7.4%
- Expense ratio
- 1.53%
- NAV
- ₹22.63
Sundaram Arbitrage Fund
Arbitrage
- 3 year return
- 7.2%
- Expense ratio
- 0.97%
- NAV
- ₹16.60
Which is better, Edelweiss Arbitrage or Sundaram 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 returned more over 3 years: 7.4% a year against 7.2%.
- Sundaram Arbitrage returned more over 1 year: 6.8% against 6.7%.
- Sundaram Arbitrage costs less: 0.97% a year against 1.53% (Direct plans).
- Edelweiss Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.2%.
- Edelweiss Arbitrage fell less in its worst fall since 03-01-2022: −0.4% against −0.5%.
- Edelweiss Arbitrage is the larger fund: ₹14,250 Cr against ₹539 Cr.
- Their portfolios overlap 29.4%: 43 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 | Sundaram Arbitrage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Sundaram Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹14,250 Cr (30-09-2026) | ₹539 Cr (30-09-2026) |
| NAV | ₹22.63 (Direct) | ₹16.60 (Direct) |
| Expense ratio (Direct) | 1.53% | 0.97% |
| Expense ratio (Regular) | 2.20% | 1.70% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage Index |
| Launch date | 27-06-2014 | 01-04-2016 |
| Minimum investment | ₹100 | "New Investor/Existing – Rs.100/- for both Monthly IDCW and Growth Option and any amount thereafter under each Plan/ option." |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval | Rohit Seksaria, Kumaresh Ramakrishnan |
| 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" | W.E.F Dec 31, 2021 Upto 25% of Units purchased/ switchin - NIL In excess of the above: 0.25% if redeemed/ SWP/STP within 15 days from the date of allotment. NIL if redeemed /SWP/STP after 15 days from the date of allotment. For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil.Generally, the exit load will be calculated on First in First out (FIFO) basis. |
Edelweiss Arbitrage vs Sundaram 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% |
| Sundaram Arbitrage Fund (Direct) | +0.59% | +1.56% | +3.29% | +6.83% | +7.22% | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Edelweiss Arbitrage vs Sundaram Arbitrage: Year-wise Returns
| Year | EdelweissEdelweiss Arbitrage | SundaramSundaram Arbitrage |
|---|---|---|
| 2026to date | +5.42% | +5.57% |
| 2025 | +7.07% | +7.15% |
| 2024 | +8.44% | +7.81% |
| 2023 | +7.89% | +7.38% |
| 2022 | +5.11% | -- |
| 2021 | +4.58% | -- |
Edelweiss Arbitrage vs Sundaram Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 449 of them, one for each trading day from 03-01-2025 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)
Sundaram Arbitrage Fund (Direct)
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 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 | 7.6% | 7.6% | 7.2% | 7.9% |
| Sundaram Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.4% | 6.5% | 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 03-01-2022. Past returns do not promise future returns.
Edelweiss Arbitrage vs Sundaram 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ArbitrageEdelweiss Arbitrage Fund (Direct) | ₹5,80,000 | ₹6,91,302 | ₹1,11,302 | 7.2% |
| Sundaram ArbitrageSundaram Arbitrage Fund (Direct) | ₹5,80,000 | ₹6,88,780 | ₹1,08,780 | 7.1% |
Edelweiss ArbitrageEdelweiss Arbitrage Fund (Direct)
Sundaram ArbitrageSundaram 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 Sundaram 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) | Sundaram Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +6.83% |
| Standard deviation | 1.28% | 1.59% |
| Sharpe ratio | 1.11 | 1.00 |
| Sortino ratio | 1.73 | 1.55 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.5% (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) | Sundaram Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.37% | +7.22% |
| Standard deviation | 1.05% | 1.19% |
| Sharpe ratio | 1.27 | 1.01 |
| Sortino ratio | 1.98 | 1.55 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.5% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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) | Sundaram Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.84% | +6.67% |
| Standard deviation | 0.99% | 1.09% |
| Sharpe ratio | 1.08 | 0.72 |
| Sortino ratio | 1.63 | 1.09 |
| Maximum drawdown | −0.5% (03-06-2020) | −0.5% (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)
Sundaram 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% |
| Sundaram Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.0% |
From daily values since 03-01-2022, 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)
Sundaram Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss Arbitrage Fund (Direct)
Sundaram Arbitrage Fund (Direct)
Edelweiss Arbitrage vs Sundaram Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Arbitrage Fund, September 2026; Sundaram Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 29.4%
- Held by both
- 43
- Only in Edelweiss Arbitrage
- 148
- Only in Sundaram Arbitrage
- 13
| Security | % of Edelweiss Arbitrage | % of Sundaram Arbitrage |
|---|---|---|
| ICICI Bank Ltd. | 5.42% | 5.27% |
| HDFC Bank Ltd. | 5.01% | 7.96% |
| Reliance Industries Ltd. | 2.66% | 7.56% |
| Axis Bank Ltd. | 1.53% | 2.87% |
| Bharti Airtel Ltd. | 1.50% | 4.42% |
| NMDC Ltd. | 1.35% | 2.80% |
| TVS Motor Company Ltd. | 1.10% | 1.84% |
| Hindalco Industries Ltd. | 1.08% | 1.42% |
| Bajaj Finance Ltd. | 0.77% | 6.16% |
| ITC Ltd. | 0.72% | 1.84% |
| Larsen & Toubro Ltd. | 0.64% | 2.46% |
| Ashok Leyland Ltd. | 0.63% | 6.28% |
| Power Finance Corporation Ltd. | 0.61% | 0.70% |
| Tata Steel Ltd. | 0.56% | 0.70% |
| Kotak Mahindra Bank Ltd. | 0.56% | 1.21% |
| Eternal Ltd. | 0.52% | 1.38% |
| UPL Ltd. | 0.50% | 2.20% |
| Bank of Baroda | 0.73% | 0.44% |
| Jio Financial Services Ltd. | 0.42% | 0.49% |
| Bandhan Bank Ltd. | 0.75% | 0.42% |
| Divi's Laboratories Ltd. | 0.58% | 0.33% |
| The Indian Hotels Company Ltd. | 0.32% | 0.78% |
| Swiggy Ltd. | 0.25% | 0.69% |
| Astral Ltd. | 0.23% | 0.35% |
| Maruti Suzuki India Ltd. | 0.22% | 0.23% |
| Adani Green Energy Ltd. | 0.46% | 0.20% |
| Coal India Ltd. | 0.73% | 0.19% |
| Max Financial Services Ltd. | 0.15% | 0.36% |
| Ambuja Cements Ltd. | 0.29% | 0.14% |
| Fortis Healthcare Ltd. | 0.14% | 0.33% |
| Marico Ltd. | 0.14% | 1.17% |
| RBL Bank Ltd. | 0.14% | 0.36% |
| One 97 Communications Ltd. | 0.14% | 0.68% |
| Dabur India Ltd. | 0.11% | 0.18% |
| Angel One Ltd. | 0.08% | 0.36% |
| Lodha Developers Ltd. | 0.07% | 0.36% |
| Tech Mahindra Ltd. | 0.06% | 0.56% |
| Cipla Ltd. | 0.05% | 0.06% |
| Adani Ports & Special Economic Zone Ltd. | 0.05% | 0.40% |
| KPIT Technologies Ltd. | 0.03% | 0.29% |
| Mahindra & Mahindra Ltd. | 0.03% | 1.40% |
| Bharat Electronics Ltd. | 0.49% | 0.02% |
| Indian Energy Exchange Ltd. | 0.11% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.4% means 29.4% 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% |
| Indus Towers Ltd. | 1.71% |
Largest holdings only in Sundaram Arbitrage Fund
| Security | % of fund |
|---|---|
| Sundaram Money Market Fund-Direct Plan - Growth | 9.58% |
| Sundaram Liquid Fund - Direct Growth | 5.61% |
| 364 Days - T Bill - 25/02/2027 | 5.44% |
| 7.38% Central Government Securities 20/06/2027 | 1.87% |
| 360 ONE WAM Ltd (Prev IIFL Wealth Management Ltd) - 21/01/2027 | 1.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Arbitrage | Sundaram Arbitrage |
|---|---|---|
| Equity | 69.1% | 70.0% |
| Debt | 16.3% | 11.8% |
| Cash and others | 14.6% | 18.1% |
Market cap of stocks
| Market cap | Edelweiss Arbitrage | Sundaram Arbitrage |
|---|---|---|
| Large Cap | 51.3% | 50.3% |
| Mid Cap | 14.6% | 17.7% |
| Small Cap | 3.2% | 2.1% |
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 | Sundaram Arbitrage |
|---|---|---|
| Banks | 20.1% | 18.5% |
| Petroleum Products | 3.3% | 7.6% |
| Finance | 3.5% | 7.3% |
| Agricultural, Commercial & Construction Vehicles | 0.6% | 6.3% |
| Power | 5.2% | 0.2% |
| Telecom - Services | 4.8% | 4.4% |
| Automobiles | 2.0% | 3.8% |
| Pharmaceuticals & Biotechnology | 3.6% | 0.4% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Arbitrage vs Sundaram Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Arbitrage Fund | Sundaram Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 0.97% |
| Base expense ratio (Direct) | 0.33% | 0.19% |
| Total expense ratio (Regular) | 2.20% | 1.70% |
| Base expense ratio (Regular) | 0.90% | 0.82% |
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 Sundaram Arbitrage Fund: Frequently Asked Questions
What is the difference between Edelweiss Arbitrage Fund and Sundaram Arbitrage Fund?
Both are Arbitrage funds, run by Edelweiss Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 29.4%. Edelweiss Arbitrage Fund charges 1.53% a year and Sundaram Arbitrage Fund 0.97%.
Which has given higher returns, Edelweiss Arbitrage Fund or Sundaram Arbitrage Fund?
Over 1 year: Edelweiss Arbitrage Fund +6.66%, Sundaram Arbitrage Fund +6.83%. Over 3 years: Edelweiss Arbitrage Fund +7.37% a year, Sundaram Arbitrage Fund +7.22% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Arbitrage Fund or Sundaram Arbitrage Fund?
Sundaram Arbitrage Fund charges less: 0.97% a year against 1.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Arbitrage Fund and Sundaram Arbitrage Fund overlap?
29.4%. They hold 43 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 Sundaram Arbitrage Fund?
On SEBI's riskometer, Edelweiss Arbitrage Fund is rated Low and Sundaram Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.05% and 1.19% a year.
Which is better for SIP, Edelweiss Arbitrage Fund or Sundaram Arbitrage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,12,302 in Edelweiss Arbitrage Fund (XIRR 7.0% a year) and ₹4,12,372 in Sundaram Arbitrage Fund (XIRR 7.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Arbitrage Fund and Sundaram Arbitrage Fund?
Yes. 29.4% 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 Sundaram Arbitrage Fund?
Edelweiss Arbitrage Fund: Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval. Sundaram Arbitrage Fund: Rohit Seksaria, Kumaresh Ramakrishnan.
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.