Groww Arbitrage Fund vs Helios Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Arbitrage Fund and Helios Arbitrage Fund are both Arbitrage funds. Groww Arbitrage Fund charges 1.86% a year and Helios Arbitrage Fund 1.76% (Direct plans). Their portfolios overlap 35.9%: they hold 15 of the same securities.
Which is better, Groww Arbitrage or Helios Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Helios Arbitrage costs less: 1.76% a year against 1.86% (Direct plans).
- Helios Arbitrage fell less in its worst fall since 29-04-2026: −0.5% against −0.6%.
- Helios Arbitrage is the larger fund: ₹133 Cr against ₹70 Cr.
- Their portfolios overlap 35.9%: 15 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 | Groww Arbitrage Fund | Helios Arbitrage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Helios Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹70 Cr (30-09-2026) | ₹133 Cr (30-09-2026) |
| NAV | ₹10.31 (Direct) | ₹10.36 (Direct) |
| Expense ratio (Direct) | 1.86% | 1.76% |
| Expense ratio (Regular) | 2.56% | 2.28% |
| Riskometer | Low to Moderate | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage TRI |
| Launch date | 28-04-2026 | 20-03-2026 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Paras Matalia, Shashi Kumar, Wilfred Gonsalves | Alok Bahl, Pratik Singh |
| Exit load | • 0.25% if redeemed within 30 Days from thedate of allotment. • Nil - if redeemed after 30 Days from the dateof allotment | Exit load of 0.25%, if redeemed within 7 Days. |
Groww Arbitrage vs Helios 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 |
|---|---|---|---|---|---|---|---|
| Groww Arbitrage Fund (Direct) | +0.60% | +1.45% | +3.08% | -- | -- | -- | -- |
| Helios Arbitrage Fund (Direct) | +0.58% | +1.37% | +2.98% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Groww Arbitrage vs Helios Arbitrage: Rolling Returns
Every holding period of both funds
Groww Arbitrage vs Helios Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Arbitrage Fund (Direct) | Helios Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.13% | +5.84% |
| Standard deviation | 2.14% | 1.99% |
| Sharpe ratio | 0.40 | 0.29 |
| Sortino ratio | 0.59 | 0.43 |
| Maximum drawdown | −0.6% (06-08-2026) | −0.5% (04-09-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-04-2026 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.
Groww Arbitrage Fund (Direct)
Helios Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Arbitrage Fund (Direct) | −0.6% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.1% |
| Helios Arbitrage Fund (Direct) | −0.5% | 31-08-2026 | 04-09-2026 | 10-09-2026 | 6 days | −0.1% |
From daily values since 29-04-2026, the first day every fund has.
Groww Arbitrage vs Helios Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Arbitrage Fund, September 2026; Helios Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 35.9%
- Held by both
- 15
- Only in Groww Arbitrage
- 26
- Only in Helios Arbitrage
- 20
| Security | % of Groww Arbitrage | % of Helios Arbitrage |
|---|---|---|
| HDFC Bank Limited | 6.35% | 6.93% |
| Reliance Industries Limited | 6.90% | 5.80% |
| ICICI Bank Limited | 8.50% | 5.78% |
| Life Insurance Corporation Of India | 6.75% | 5.58% |
| Canara Bank | 5.79% | 3.64% |
| Tata Steel Limited | 2.84% | 4.77% |
| Bank of Baroda | 1.07% | 2.13% |
| Bharti Airtel Limited | 0.84% | 1.95% |
| Indus Towers Limited | 2.28% | 0.81% |
| Hindalco Industries Limited | 0.66% | 1.74% |
| Bajaj Finance Limited | 2.38% | 0.65% |
| Power Finance Corporation Limited | 2.01% | 0.64% |
| State Bank of India | 0.52% | 4.22% |
| Crompton Greaves Consumer Electrical Ltd | 0.39% | 1.62% |
| Multi Commodity Exchange of India Ltd. | 0.32% | 1.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.9% means 35.9% 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 Groww Arbitrage Fund
| Security | % of fund |
|---|---|
| Groww Mutual Fund | 22.19% |
| Divi's Laboratories Limited | 4.94% |
| Solar Industries India Limited | 4.24% |
| The Federal Bank Limited | 3.76% |
| Adani Port & Special Economic Zone Ltd | 1.47% |
Largest holdings only in Helios Arbitrage Fund
| Security | % of fund |
|---|---|
| Axis Bank Ltd. | 5.59% |
| Eicher Motors Ltd. | 4.36% |
| 364 DAY T-BILL 28.01.27 | 3.69% |
| 364 DAY T-BILL 11.03.27 | 3.67% |
| 364 DAY T-BILL 13.05.27 | 3.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Arbitrage | Helios Arbitrage |
|---|---|---|
| Equity | 73.1% | 75.3% |
| Debt | 0.0% | 21.8% |
| Cash and others | 26.9% | 2.9% |
Market cap of stocks
| Market cap | Groww Arbitrage | Helios Arbitrage |
|---|---|---|
| Large Cap | 63.5% | 68.6% |
| Mid Cap | 8.3% | 5.1% |
| Small Cap | 1.3% | 1.6% |
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 | Groww Arbitrage | Helios Arbitrage |
|---|---|---|
| Banks | 29.9% | 31.1% |
| Ferrous Metals | 2.8% | 7.5% |
| Petroleum Products | 6.9% | 5.8% |
| Insurance | 6.8% | 5.6% |
| Pharmaceuticals & Biotechnology | 5.0% | 1.2% |
| Automobiles | 0.7% | 4.5% |
| Finance | 4.5% | 4.5% |
| Chemicals & Petrochemicals | 4.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Arbitrage vs Helios Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Arbitrage Fund | Helios Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | 1.76% |
| Base expense ratio (Direct) | 0.21% | 0.42% |
| Total expense ratio (Regular) | 2.56% | 2.28% |
| Base expense ratio (Regular) | 0.83% | 0.87% |
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 Groww Arbitrage with
Groww Arbitrage Fund vs Helios Arbitrage Fund: Frequently Asked Questions
What is the difference between Groww Arbitrage Fund and Helios Arbitrage Fund?
Both are Arbitrage funds, run by Groww Mutual Fund and Helios Mutual Fund. Their portfolios overlap 35.9%. Groww Arbitrage Fund charges 1.86% a year and Helios Arbitrage Fund 1.76%.
Which has the lower expense ratio, Groww Arbitrage Fund or Helios Arbitrage Fund?
Helios Arbitrage Fund charges less: 1.76% a year against 1.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Arbitrage Fund and Helios Arbitrage Fund overlap?
35.9%. They hold 15 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Groww Arbitrage Fund or Helios Arbitrage Fund?
On SEBI's riskometer, Groww Arbitrage Fund is rated Low to Moderate and Helios Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 2.14% and 1.99% a year.
Can I invest in both Groww Arbitrage Fund and Helios Arbitrage Fund?
Yes. 35.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Arbitrage Fund and Helios Arbitrage Fund?
Groww Arbitrage Fund: Paras Matalia, Shashi Kumar, Wilfred Gonsalves. Helios Arbitrage Fund: Alok Bahl, Pratik Singh.
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.