Edelweiss Arbitrage Fund vs WhiteOak Capital Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Arbitrage Fund and WhiteOak Capital Arbitrage Fund are both Arbitrage funds. In the year to 30-10-2026, Edelweiss Arbitrage Fund (Direct) returned 6.7% and WhiteOak Capital Arbitrage Fund (Direct) returned 7.1%. Edelweiss Arbitrage Fund charges 1.53% a year and WhiteOak Capital Arbitrage Fund 2.35% (Direct plans). Their portfolios overlap 40.8%: they hold 127 of the same securities.
Edelweiss Arbitrage Fund
Arbitrage
- 1 year return
- 6.7%
- Expense ratio
- 1.53%
- NAV
- ₹22.63
WhiteOak Capital Arbitrage Fund
Arbitrage
- 1 year return
- 7.1%
- Expense ratio
- 2.35%
- NAV
- ₹11.60
Which is better, Edelweiss Arbitrage or WhiteOak Capital Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- WhiteOak Capital Arbitrage returned more over 1 year: 7.1% against 6.7%.
- Edelweiss Arbitrage costs less: 1.53% a year against 2.35% (Direct plans).
- WhiteOak Capital Arbitrage fell less in its worst fall since 10-09-2024: −0.4% against −0.4%.
- Edelweiss Arbitrage is the larger fund: ₹14,250 Cr against ₹2,623 Cr.
- Their portfolios overlap 40.8%: 127 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 | WhiteOak Capital Arbitrage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹14,250 Cr (30-09-2026) | ₹2,623 Cr (30-09-2026) |
| NAV | ₹22.63 (Direct) | ₹11.60 (Direct) |
| Expense ratio (Direct) | 1.53% | 2.35% |
| Expense ratio (Regular) | 2.20% | 3.13% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage TRI |
| Launch date | 27-06-2014 | 09-09-2024 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval | Ramesh Mantri, Piyush Baranwal, Ashish Agrawal, Bhavin Patadia |
| 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 for units in excess of 10% of the investment,0.25% will be charged for redemption within 7 days. |
Edelweiss Arbitrage vs WhiteOak Capital 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% |
| WhiteOak Capital Arbitrage Fund (Direct) | +0.73% | +1.54% | +3.28% | +7.07% | -- | -- | -- |
| 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 WhiteOak Capital Arbitrage: Year-wise Returns
| Year | EdelweissEdelweiss Arbitrage | WhiteOak CapitalWhiteOak Capital Arbitrage |
|---|---|---|
| 2026to date | +5.42% | +5.72% |
| 2025 | +7.07% | +7.43% |
| 2024 | +8.44% | -- |
| 2023 | +7.89% | -- |
| 2022 | +5.11% | -- |
| 2021 | +4.58% | -- |
Edelweiss Arbitrage vs WhiteOak Capital Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 279 of them, one for each trading day from 10-09-2025 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)
WhiteOak Capital Arbitrage Fund (Direct)
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
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 | 6.8% | 6.8% | 6.2% | 7.4% |
| WhiteOak Capital Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.2% | 6.6% | 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 10-09-2024. Past returns do not promise future returns.
Edelweiss Arbitrage vs WhiteOak Capital 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 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ArbitrageEdelweiss Arbitrage Fund (Direct) | ₹2,60,000 | ₹2,79,785 | ₹19,785 | 6.7% |
| WhiteOak Capital ArbitrageWhiteOak Capital Arbitrage Fund (Direct) | ₹2,60,000 | ₹2,80,660 | ₹20,660 | 7.0% |
Edelweiss ArbitrageEdelweiss Arbitrage Fund (Direct)
WhiteOak Capital ArbitrageWhiteOak Capital 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 WhiteOak Capital 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) | WhiteOak Capital Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +7.07% |
| Standard deviation | 1.28% | 1.31% |
| Sharpe ratio | 1.11 | 1.40 |
| Sortino ratio | 1.73 | 2.17 |
| 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) | WhiteOak Capital Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.84% | +7.15% |
| Standard deviation | 0.99% | 1.10% |
| Sharpe ratio | 1.08 | 1.32 |
| Sortino ratio | 1.63 | 2.02 |
| 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)
WhiteOak Capital 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% |
| WhiteOak Capital Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.1% |
From daily values since 10-09-2024, 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)
WhiteOak Capital Arbitrage Fund (Direct)
Edelweiss Arbitrage vs WhiteOak Capital Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Arbitrage Fund, September 2026; WhiteOak Capital Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 40.8%
- Held by both
- 127
- Only in Edelweiss Arbitrage
- 64
- Only in WhiteOak Capital Arbitrage
- 44
| Security | % of Edelweiss Arbitrage | % of WhiteOak Capital Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 5.01% | 5.17% |
| Reliance Industries Ltd. | 2.66% | 3.93% |
| ICICI Bank Ltd. | 5.42% | 2.32% |
| Vodafone Idea Ltd. | 1.61% | 3.30% |
| Axis Bank Ltd. | 1.53% | 1.97% |
| Bharti Airtel Ltd. | 1.50% | 2.20% |
| TVS Motor Company Ltd. | 1.10% | 1.24% |
| Hindalco Industries Ltd. | 1.08% | 1.43% |
| Infosys Ltd. | 1.01% | 1.62% |
| NTPC Ltd. | 1.37% | 0.89% |
| Steel Authority of India Ltd. | 0.85% | 0.90% |
| INDIAN BANK CD RED 21-06-2027 | 0.83% | 0.91% |
| Coal India Ltd. | 0.73% | 0.73% |
| BANK OF BARODA CD RED 08-01-2027 | 0.69% | 0.94% |
| PUNJAB NATIONAL BANK CD RED 10-02-2027 | 0.69% | 0.93% |
| State Bank of India | 1.16% | 0.62% |
| Divi's Laboratories Ltd. | 0.58% | 0.76% |
| BSE Ltd. | 0.57% | 0.58% |
| Coforge Ltd. | 0.55% | 1.14% |
| Bajaj Finance Ltd. | 0.77% | 0.54% |
| HDFC Life Insurance Company Ltd. | 0.58% | 0.54% |
| Canara Bank | 1.15% | 0.51% |
| IDFC First Bank Ltd. | 0.65% | 0.47% |
| Eternal Ltd. | 0.52% | 0.46% |
| Cholamandalam Investment & Finance Company Ltd. | 0.40% | 0.49% |
| Eicher Motors Ltd. | 0.38% | 0.44% |
| AU Small Finance Bank Ltd. | 0.37% | 0.67% |
| Larsen & Toubro Ltd. | 0.64% | 0.36% |
| Ashok Leyland Ltd. | 0.63% | 0.36% |
| Life Insurance Corporation of India | 0.42% | 0.36% |
| IndusInd Bank Ltd. | 0.36% | 0.78% |
| Ultratech Cement Ltd. | 0.36% | 0.51% |
| Indian Oil Corporation Ltd. | 0.43% | 0.35% |
| Manappuram Finance Ltd. | 0.62% | 0.34% |
| Kotak Mahindra Bank Ltd. | 0.56% | 0.33% |
| Cummins India Ltd. | 0.37% | 0.32% |
| Biocon Ltd. | 0.32% | 0.93% |
| The Federal Bank Ltd. | 0.31% | 1.38% |
| Info Edge (India) Ltd. | 0.52% | 0.27% |
| Torrent Pharmaceuticals Ltd. | 0.39% | 0.27% |
| Hindustan Zinc Ltd. | 0.27% | 0.29% |
| Vedanta Ltd. | 0.28% | 0.26% |
| Titan Company Ltd. | 0.26% | 0.45% |
| Swiggy Ltd. | 0.25% | 0.37% |
| Multi Commodity Exchange Of India Ltd. | 0.25% | 0.96% |
| Power Finance Corporation Ltd. | 0.61% | 0.24% |
| APL Apollo Tubes Ltd. | 0.24% | 0.67% |
| Jio Financial Services Ltd. | 0.42% | 0.23% |
| Astral Ltd. | 0.23% | 0.22% |
| SBI Cards & Payment Services Ltd. | 0.22% | 0.48% |
| Maruti Suzuki India Ltd. | 0.22% | 0.98% |
| VARUN BEVERAGES LIMITED | 0.25% | 0.21% |
| Jindal Steel Ltd. | 0.20% | 0.45% |
| ITC Ltd. | 0.72% | 0.19% |
| HDFC BANK CD RED 22-01-2027 | 0.17% | 0.93% |
| NMDC Ltd. | 1.35% | 0.16% |
| Crompton Greaves Cons Electrical Ltd. | 0.48% | 0.16% |
| HDFC Asset Management Company Ltd. | 0.23% | 0.15% |
| Max Financial Services Ltd. | 0.15% | 0.39% |
| Bharat Petroleum Corporation Ltd. | 0.14% | 0.19% |
| Fortis Healthcare Ltd. | 0.14% | 0.22% |
| Marico Ltd. | 0.14% | 0.24% |
| RBL Bank Ltd. | 0.14% | 0.22% |
| One 97 Communications Ltd. | 0.14% | 0.21% |
| Container Corporation Of India Ltd. | 0.26% | 0.13% |
| PNB Housing Finance Ltd. | 0.13% | 0.13% |
| Union Bank of India | 0.13% | 0.17% |
| Shriram Finance Ltd. | 0.12% | 0.24% |
| Hindustan Unilever Ltd. | 0.94% | 0.11% |
| Supreme Industries Ltd. | 0.14% | 0.11% |
| Inox Wind Ltd. | 0.12% | 0.11% |
| GE Vernova T&D India Limited | 0.11% | 0.17% |
| InterGlobe Aviation Ltd. | 0.11% | 0.72% |
| Wipro Ltd. | 0.14% | 0.09% |
| Hindustan Petroleum Corporation Ltd. | 0.09% | 0.49% |
| Central Depository Services (I) Ltd. | 0.09% | 0.42% |
| Adani Enterprises Ltd. | 1.61% | 0.08% |
| Tata Consumer Products Ltd. | 0.32% | 0.08% |
| Trent Ltd. | 0.21% | 0.08% |
| Bajaj Auto Ltd. | 0.19% | 0.08% |
| Muthoot Finance Ltd. | 0.08% | 0.76% |
| Angel One Ltd. | 0.08% | 0.79% |
| SBI Life Insurance Company Ltd. | 0.07% | 0.65% |
| Lupin Ltd. | 0.07% | 0.59% |
| Lodha Developers Ltd. | 0.07% | 0.11% |
| KEI Industries Ltd. | 0.07% | 0.18% |
| Bosch Ltd. | 0.21% | 0.06% |
| Oil & Natural Gas Corporation Ltd. | 0.06% | 0.27% |
| Alkem Laboratories Ltd. | 0.06% | 0.64% |
| Tech Mahindra Ltd. | 0.06% | 0.51% |
| HCL Technologies Ltd. | 0.06% | 0.48% |
| Bajaj Finserv Ltd. | 0.06% | 0.52% |
| Bank of Baroda | 0.73% | 0.05% |
| Cipla Ltd. | 0.05% | 0.13% |
| Premier Energies Ltd. | 0.05% | 0.16% |
| Tata Consultancy Services Ltd. | 0.05% | 0.54% |
| Kalyan Jewellers India Ltd. | 0.28% | 0.04% |
| Hitachi Energy India Ltd. | 0.13% | 0.04% |
| LIC Housing Finance Ltd. | 0.04% | 0.62% |
| National Aluminium Company Ltd. | 0.04% | 0.28% |
| Polycab India Ltd. | 0.04% | 0.20% |
| Tata Motors Passenger Vehicles Ltd. | 0.11% | 0.03% |
| Power Grid Corporation of India Ltd. | 0.10% | 0.03% |
| Rail Vikas Nigam Ltd. | 0.09% | 0.03% |
| KPIT Technologies Ltd. | 0.03% | 0.46% |
| Mahindra & Mahindra Ltd. | 0.03% | 0.51% |
| Computer Age Management Services Ltd. | 0.03% | 0.10% |
| Tube Investments Of India Ltd. | 0.03% | 0.08% |
| Bank of India | 0.22% | 0.02% |
| The Phoenix Mills Ltd. | 0.02% | 0.19% |
| Voltas Ltd. | 0.02% | 0.86% |
| Mphasis Ltd. | 0.02% | 0.37% |
| Bharat Forge Ltd. | 0.02% | 0.48% |
| Indus Towers Ltd. | 1.71% | 0.01% |
| Apollo Hospitals Enterprise Ltd. | 0.17% | 0.01% |
| JSW Energy Ltd. | 0.15% | 0.01% |
| Oberoi Realty Ltd. | 0.06% | 0.01% |
| Siemens Energy India Ltd. | 0.05% | 0.01% |
| Sun Pharmaceutical Industries Ltd. | 0.01% | 0.35% |
| Sagility Ltd. | 0.01% | 0.16% |
| ABB India Ltd. | 0.01% | 0.11% |
| Avenue Supermarts Ltd. | 0.01% | 0.19% |
| Nestle India Ltd. | 0.01% | 0.19% |
| Motilal Oswal Financial Services Ltd. | 0.01% | 0.12% |
| PG Electroplast Ltd. | 0.01% | 0.28% |
| Indian Bank | 0.01% | 0.43% |
| SRF Ltd. | 0.01% | 0.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.8% means 40.8% 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 WhiteOak Capital Arbitrage Fund
| Security | % of fund |
|---|---|
| Bandhan Money Market Fund -Direct Plan-Growth | 5.73% |
| WhiteOak Capital Liquid Fund- Direct plan-GR | 5.27% |
| WhiteOak Cap Ultra Short Term Fund- Dir Pl-Gr Op | 2.28% |
| Kotak Mahindra Bank Limited (21/12/2026) | 1.88% |
| Kotak Mahindra Bank Limited (09/03/2027) | 0.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Arbitrage | WhiteOak Capital Arbitrage |
|---|---|---|
| Equity | 69.1% | 68.4% |
| Debt | 16.3% | 12.9% |
| Cash and others | 14.6% | 18.7% |
Market cap of stocks
| Market cap | Edelweiss Arbitrage | WhiteOak Capital Arbitrage |
|---|---|---|
| Large Cap | 51.3% | 43.9% |
| Mid Cap | 14.6% | 20.1% |
| Small Cap | 3.2% | 4.4% |
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 | WhiteOak Capital Arbitrage |
|---|---|---|
| Banks | 20.1% | 15.4% |
| Telecom - Services | 4.8% | 5.5% |
| IT - Software | 1.9% | 5.5% |
| Power | 5.2% | 1.3% |
| Petroleum Products | 3.3% | 5.0% |
| Finance | 3.5% | 4.9% |
| Pharmaceuticals & Biotechnology | 3.6% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Arbitrage vs WhiteOak Capital Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Arbitrage Fund | WhiteOak Capital Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 2.35% |
| Base expense ratio (Direct) | 0.33% | 0.38% |
| Total expense ratio (Regular) | 2.20% | 3.13% |
| Base expense ratio (Regular) | 0.90% | 1.04% |
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 WhiteOak Capital Arbitrage Fund: Frequently Asked Questions
What is the difference between Edelweiss Arbitrage Fund and WhiteOak Capital Arbitrage Fund?
Both are Arbitrage funds, run by Edelweiss Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 40.8%. Edelweiss Arbitrage Fund charges 1.53% a year and WhiteOak Capital Arbitrage Fund 2.35%.
Which has given higher returns, Edelweiss Arbitrage Fund or WhiteOak Capital Arbitrage Fund?
Over 1 year: Edelweiss Arbitrage Fund +6.66%, WhiteOak Capital Arbitrage Fund +7.07%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Arbitrage Fund or WhiteOak Capital Arbitrage Fund?
Edelweiss Arbitrage Fund charges less: 1.53% a year against 2.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Arbitrage Fund and WhiteOak Capital Arbitrage Fund overlap?
40.8%. They hold 127 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 WhiteOak Capital Arbitrage Fund?
On SEBI's riskometer, Edelweiss Arbitrage Fund is rated Low and WhiteOak Capital Arbitrage Fund Low. Over 1 years, the standard deviation of daily returns was 1.28% and 1.31% a year.
Can I invest in both Edelweiss Arbitrage Fund and WhiteOak Capital Arbitrage Fund?
Yes. 40.8% 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 WhiteOak Capital Arbitrage Fund?
Edelweiss Arbitrage Fund: Bhavesh Jain, Amit Vora, Rahul Dedhia, Hetul Raval. WhiteOak Capital Arbitrage Fund: Ramesh Mantri, Piyush Baranwal, Ashish Agrawal, Bhavin Patadia.
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.