Edelweiss Multi Asset Allocation Fund vs UTI - Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Multi Asset Allocation Fund is a Multi Asset fund and UTI - Arbitrage Fund is an Arbitrage fund. In the 3 years to 30-10-2026, Edelweiss Multi Asset Allocation Fund (Direct) returned 7.5% a year and UTI - Arbitrage Fund (Direct) returned 7.3% a year. Edelweiss Multi Asset Allocation Fund charges 0.79% a year and UTI - Arbitrage Fund 1.26% (Direct plans). Their portfolios overlap 18.6%: they hold 45 of the same securities.
Edelweiss Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 7.5%
- Expense ratio
- 0.79%
- NAV
- ₹12.72
Which is better, Edelweiss Multi Asset Allocation or UTI - 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 Multi Asset Allocation returned more over 3 years: 7.5% a year against 7.3%.
- UTI - Arbitrage returned more over 1 year: 6.6% against 6.3%.
- Edelweiss Multi Asset Allocation costs less: 0.79% a year against 1.26% (Direct plans).
- UTI - Arbitrage swung less over 3 years: a standard deviation of 1.0% a year against 1.9%.
- UTI - Arbitrage fell less in its worst fall since 26-06-2023: −0.4% against −1.8%.
- UTI - Arbitrage holds more in large companies: 46.3% of the fund in large caps against 18.1%.
- UTI - Arbitrage is the larger fund: ₹10,900 Cr against ₹2,961 Cr.
- Their portfolios overlap 18.6%: 45 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 Multi Asset Allocation Fund | UTI - Arbitrage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | UTI Mutual Fund |
| Category | Multi Asset | Arbitrage |
| AUM | ₹2,961 Cr (30-09-2026) | ₹10,900 Cr (30-09-2026) |
| NAV | ₹12.72 (Direct) | ₹40.54 (Direct) |
| Expense ratio (Direct) | 0.79% | 1.26% |
| Expense ratio (Regular) | 1.12% | 1.81% |
| Riskometer | Low | Low |
| Benchmark | Nifty 500 TRI (40%) + CRISIL Short Term Bond Fund Index (50%) + Domestic Gold Prices (5%) + Domestic Silver Prices (5%) | Nifty 50 Arbitrage Index |
| Launch date | 23-06-2023 | 22-06-2006 |
| Minimum investment | ₹100 | Regular Plan-Growth- Rs.5000, Regular Plan - Growth-CanServe- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Regular Plan-Payout of IDCW (Canserve)- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan - Growth-Can |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Bharat Lahoti, Rahul Dedhia, Kedar Karnik, Amit Vora | Sharwan Kumar Goyal FM 1, Monish Lotia FM 2, Amit Sharma FM 3, Not Applicable FM 4 |
| Exit load | Exit load of 0.25%, if redeemed within 90 days. | Exit load of 0.25%, if redeemed within 15 days. |
Edelweiss Multi Asset Allocation vs UTI - 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 Multi Asset Allocation Fund (Direct) | +0.22% | +1.02% | +3.21% | +6.25% | +7.53% | -- | -- |
| UTI - Arbitrage Fund (Direct) | +0.52% | +1.50% | +3.20% | +6.59% | +7.29% | +6.74% | +6.32% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | +6.31% |
Category average: the average of the 37 Multi Asset funds and the 39 Arbitrage funds, same plan type.
Edelweiss Multi Asset Allocation vs UTI - Arbitrage: Year-wise Returns
| Year | Edelweiss Multi Asset AllocationEdelweiss Multi Asset Allocation | UTI - ArbitrageUTI - Arbitrage |
|---|---|---|
| 2026to date | +5.61% | +5.35% |
| 2025 | +7.24% | +7.05% |
| 2024 | +8.35% | +8.28% |
| 2023 | -- | +7.77% |
| 2022 | -- | +4.64% |
| 2021 | -- | +4.46% |
Edelweiss Multi Asset Allocation vs UTI - Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 84 of them, one for each trading day from 29-06-2026 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 Multi Asset Allocation Fund (Direct)
UTI - Arbitrage Fund (Direct)
to
Jul 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
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 Multi Asset Allocation | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.6% | 7.4% | 7.8% |
| UTI - Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.4% | 7.4% | 7.2% | 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 26-06-2023. Past returns do not promise future returns.
Edelweiss Multi Asset Allocation vs UTI - 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 26-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Multi Asset AllocationEdelweiss Multi Asset Allocation Fund (Direct) | ₹4,10,000 | ₹4,63,229 | ₹53,229 | 7.1% |
| UTI - ArbitrageUTI - Arbitrage Fund (Direct) | ₹4,10,000 | ₹4,62,427 | ₹52,427 | 7.0% |
Edelweiss Multi Asset AllocationEdelweiss Multi Asset Allocation Fund (Direct)
UTI - ArbitrageUTI - 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 Multi Asset Allocation vs UTI - Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Multi Asset Allocation Fund (Direct) | UTI - Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.25% | +6.59% |
| Standard deviation | 2.62% | 1.25% |
| Sharpe ratio | 0.38 | 1.08 |
| Sortino ratio | 0.60 | 1.64 |
| Maximum drawdown | −1.8% (29-01-2026) | −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 Multi Asset Allocation Fund (Direct) | UTI - Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.53% | +7.29% |
| Standard deviation | 1.95% | 1.03% |
| Sharpe ratio | 0.78 | 1.23 |
| Sortino ratio | 1.17 | 1.88 |
| Maximum drawdown | −1.8% (29-01-2026) | −0.4% (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 Multi Asset Allocation Fund (Direct) | UTI - Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.44% | +6.76% |
| Standard deviation | 1.88% | 1.00% |
| Sharpe ratio | 0.71 | 0.72 |
| Sortino ratio | 1.05 | 1.06 |
| Maximum drawdown | −1.8% (29-01-2026) | −0.7% (25-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 26-06-2023 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.
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 Multi Asset Allocation Fund (Direct)
UTI - Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Multi Asset Allocation Fund (Direct) | −1.8% | 29-12-2025 | 29-01-2026 | 02-02-2026 | 4 days | 0.0% |
| UTI - Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | −0.0% |
From daily values since 26-06-2023, 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 Multi Asset Allocation Fund (Direct)
UTI - 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 Multi Asset Allocation Fund (Direct)
UTI - Arbitrage Fund (Direct)
Edelweiss Multi Asset Allocation vs UTI - Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Multi Asset Allocation Fund, September 2026; UTI - Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 18.6%
- Held by both
- 45
- Only in Edelweiss Multi Asset Allocation
- 52
- Only in UTI - Arbitrage
- 111
| Security | % of Edelweiss Multi Asset Allocation | % of UTI - Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 5.04% | 5.02% |
| Steel Authority of India Ltd. | 3.31% | 1.81% |
| ICICI Bank Ltd. | 1.66% | 4.39% |
| Bharti Airtel Ltd. | 1.57% | 1.94% |
| Vodafone Idea Ltd. | 2.94% | 1.52% |
| NMDC Ltd. | 1.29% | 1.34% |
| Reliance Industries Ltd. | 1.15% | 4.78% |
| Kotak Mahindra Bank Ltd. | 0.39% | 1.54% |
| Eternal Ltd. | 0.60% | 0.38% |
| Hindalco Industries Ltd. | 0.33% | 0.59% |
| Hindustan Aeronautics Ltd. | 0.33% | 0.35% |
| Yes Bank Ltd. | 0.32% | 1.71% |
| Ashok Leyland Ltd. | 0.27% | 0.35% |
| Coforge Ltd. | 0.32% | 0.21% |
| Container Corporation Of India Ltd. | 0.19% | 0.23% |
| Aurobindo Pharma Ltd. | 0.19% | 0.18% |
| Kalyan Jewellers India Ltd. | 0.18% | 0.18% |
| Axis Bank Ltd. | 0.17% | 0.92% |
| ITC Ltd. | 0.16% | 1.30% |
| Indus Towers Ltd. | 0.16% | 1.55% |
| Glenmark Pharmaceuticals Ltd. | 0.13% | 1.50% |
| JSW Steel Ltd. | 0.12% | 1.35% |
| TVS Motor Company Ltd. | 0.15% | 0.11% |
| Grasim Industries Ltd. | 0.99% | 0.09% |
| IndusInd Bank Ltd. | 0.09% | 0.32% |
| Coal India Ltd. | 0.08% | 1.02% |
| Fortis Healthcare Ltd. | 0.10% | 0.07% |
| Jio Financial Services Ltd. | 0.07% | 0.84% |
| UPL Ltd. | 0.10% | 0.06% |
| Tata Motors Passenger Vehicles Ltd. | 0.17% | 0.05% |
| Hindustan Petroleum Corporation Ltd. | 0.12% | 0.05% |
| Union Bank of India | 0.05% | 0.17% |
| Bharat Electronics Ltd. | 0.36% | 0.04% |
| Bank of Baroda | 0.04% | 0.69% |
| Mahindra & Mahindra Ltd. | 0.04% | 0.06% |
| National Aluminium Company Ltd. | 0.06% | 0.03% |
| InterGlobe Aviation Ltd. | 0.03% | 0.04% |
| Tata Consumer Products Ltd. | 0.03% | 0.15% |
| Tata Consultancy Services Ltd. | 0.14% | 0.02% |
| NTPC Ltd. | 0.02% | 0.30% |
| Hero MotoCorp Ltd. | 0.02% | 0.03% |
| Adani Energy Solutions Ltd. | 0.21% | 0.01% |
| Hindustan Zinc Ltd. | 0.15% | 0.01% |
| Max Financial Services Ltd. | 0.01% | 0.26% |
| JSW Energy Ltd. | 0.01% | 0.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.6% means 18.6% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 7.51% SIDBI SR V NCD RED 12-06-2028 | 5.04% |
| 8.3333%HDB FIN SR 213 A1 NCD 06-08-27 | 2.54% |
| 7.53% NABARD NCD SR 25E RED 24-03-28 | 2.52% |
| 7.1104% ADITYA BIRLA HSG SR D1 R30-07-27 | 2.51% |
| 7.38% GOVT OF INDIA RED 20-06-2027 | 2.21% |
Largest holdings only in UTI - Arbitrage Fund
| Security | % of fund |
|---|---|
| MF UNITS UTI-MONEY MARKET FUND | 19.58% |
| EQ - STATE BANK OF INDIA | 3.25% |
| MF UNITS UTI - FLOATER FUND | 2.31% |
| CD - CANARA BANK - 28/01/2027 | 2.24% |
| EQ - CANARA BANK | 1.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Multi Asset Allocation | UTI - Arbitrage |
|---|---|---|
| Equity | 24.9% | 65.9% |
| Debt | 52.6% | 11.2% |
| Cash and others | 22.5% | 22.9% |
Market cap of stocks
| Market cap | Edelweiss Multi Asset Allocation | UTI - Arbitrage |
|---|---|---|
| Large Cap | 18.1% | 46.3% |
| Mid Cap | 6.8% | 15.3% |
| Small Cap | 0.0% | 4.3% |
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 Multi Asset Allocation | UTI - Arbitrage |
|---|---|---|
| Banks | 7.8% | 24.3% |
| Petroleum Products | 1.3% | 5.1% |
| Telecom - Services | 4.7% | 5.0% |
| Finance | 0.1% | 5.0% |
| Ferrous Metals | 3.4% | 4.0% |
| Pharmaceuticals & Biotechnology | 0.3% | 3.1% |
| Minerals & Mining | 1.3% | 1.3% |
| Cement & Cement Products | 1.0% | 0.4% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Multi Asset Allocation vs UTI - Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Multi Asset Allocation Fund | UTI - Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.79% | 1.26% |
| Base expense ratio (Direct) | 0.42% | 0.26% |
| Total expense ratio (Regular) | 1.12% | 1.81% |
| Base expense ratio (Regular) | 0.70% | 0.73% |
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
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Edelweiss Multi Asset Allocation Fund vs UTI - Arbitrage Fund: Frequently Asked Questions
What is the difference between Edelweiss Multi Asset Allocation Fund and UTI - Arbitrage Fund?
Edelweiss Multi Asset Allocation Fund is a Multi Asset fund, UTI - Arbitrage Fund is an Arbitrage fund, run by Edelweiss Mutual Fund and UTI Mutual Fund. Their portfolios overlap 18.6%. Edelweiss Multi Asset Allocation Fund charges 0.79% a year and UTI - Arbitrage Fund 1.26%.
Which has given higher returns, Edelweiss Multi Asset Allocation Fund or UTI - Arbitrage Fund?
Over 1 year: Edelweiss Multi Asset Allocation Fund +6.25%, UTI - Arbitrage Fund +6.59%. Over 3 years: Edelweiss Multi Asset Allocation Fund +7.53% a year, UTI - Arbitrage Fund +7.29% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Multi Asset Allocation Fund or UTI - Arbitrage Fund?
Edelweiss Multi Asset Allocation Fund charges less: 0.79% a year against 1.26%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Multi Asset Allocation Fund and UTI - Arbitrage Fund overlap?
18.6%. They hold 45 of the same securities, the largest shared ones being HDFCBANK, SAIL, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Multi Asset Allocation Fund or UTI - Arbitrage Fund?
On SEBI's riskometer, Edelweiss Multi Asset Allocation Fund is rated Low and UTI - Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.95% and 1.03% a year.
Which is better for SIP, Edelweiss Multi Asset Allocation Fund or UTI - Arbitrage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,12,678 in Edelweiss Multi Asset Allocation Fund (XIRR 7.0% a year) and ₹4,11,872 in UTI - Arbitrage Fund (XIRR 6.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Multi Asset Allocation Fund and UTI - Arbitrage Fund?
Yes. 18.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Multi Asset Allocation Fund and UTI - Arbitrage Fund?
Edelweiss Multi Asset Allocation Fund: Bhavesh Jain, Bharat Lahoti, Rahul Dedhia, Kedar Karnik, Amit Vora. UTI - Arbitrage Fund: Sharwan Kumar Goyal FM 1, Monish Lotia FM 2, Amit Sharma FM 3, Not Applicable FM 4.
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.