Groww Arbitrage Fund vs JioBlackRock Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Arbitrage Fund and JioBlackRock Arbitrage Fund are both Arbitrage funds. Groww Arbitrage Fund charges 1.86% a year and JioBlackRock Arbitrage Fund 1.99% (Direct plans). Their portfolios overlap 42.5%: they hold 36 of the same securities.
Which is better, Groww Arbitrage or JioBlackRock Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Arbitrage costs less: 1.86% a year against 1.99% (Direct plans).
- JioBlackRock Arbitrage fell less in its worst fall since 29-04-2026: −0.4% against −0.6%.
- JioBlackRock Arbitrage is the larger fund: ₹558 Cr against ₹70 Cr.
- Their portfolios overlap 42.5%: 36 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 | JioBlackRock Arbitrage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹70 Cr (30-09-2026) | ₹558 Cr (30-09-2026) |
| NAV | ₹10.31 (Direct) | ₹10.61 (Direct) |
| Expense ratio (Direct) | 1.86% | 1.99% |
| Expense ratio (Regular) | 2.56% | 3.26% |
| Riskometer | Low to Moderate | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage TRI |
| Launch date | 28-04-2026 | 21-08-2026 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Paras Matalia, Shashi Kumar, Wilfred Gonsalves | Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R |
| Exit load | • 0.25% if redeemed within 30 Days from thedate of allotment. • Nil - if redeemed after 30 Days from the dateof allotment | Nil |
Groww Arbitrage vs JioBlackRock 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% | -- | -- | -- | -- |
| JioBlackRock Arbitrage Fund (Direct) | +0.67% | +1.65% | +3.38% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Groww Arbitrage vs JioBlackRock Arbitrage: Year-wise Returns
| Year | GrowwGroww Arbitrage | JioBlackRockJioBlackRock Arbitrage |
|---|---|---|
| 2026to date | -- | +5.76% |
Groww Arbitrage vs JioBlackRock Arbitrage: Rolling Returns
Every holding period of both funds
Groww Arbitrage vs JioBlackRock 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) | JioBlackRock Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.13% | +7.01% |
| Standard deviation | 2.14% | 1.50% |
| Sharpe ratio | 0.40 | 1.19 |
| Sortino ratio | 0.59 | 1.84 |
| Maximum drawdown | −0.6% (06-08-2026) | −0.4% (06-08-2026) |
| 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)
JioBlackRock 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% |
| JioBlackRock Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | 0.0% |
From daily values since 29-04-2026, the first day every fund has.
Groww Arbitrage vs JioBlackRock Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Arbitrage Fund, September 2026; JioBlackRock Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 42.5%
- Held by both
- 36
- Only in Groww Arbitrage
- 5
- Only in JioBlackRock Arbitrage
- 85
| Security | % of Groww Arbitrage | % of JioBlackRock Arbitrage |
|---|---|---|
| ICICI Bank Limited | 8.50% | 7.14% |
| Reliance Industries Limited | 6.90% | 6.48% |
| HDFC Bank Limited | 6.35% | 6.97% |
| Canara Bank | 5.79% | 4.85% |
| Life Insurance Corporation Of India | 6.75% | 3.72% |
| Tata Steel Limited | 2.84% | 1.74% |
| Yes Bank Ltd | 1.40% | 2.42% |
| ITC Limited | 1.30% | 1.62% |
| The Federal Bank Limited | 3.76% | 1.09% |
| Bank of Baroda | 1.07% | 1.22% |
| Varun Beverages Limited | 0.87% | 0.93% |
| Power Finance Corporation Limited | 2.01% | 0.64% |
| IDFC First Bank Limited | 1.19% | 0.62% |
| Bharti Airtel Limited | 0.84% | 0.54% |
| State Bank of India | 0.52% | 2.14% |
| Adani Enterprises Limited | 0.52% | 1.57% |
| Hindalco Industries Limited | 0.66% | 0.41% |
| Bajaj Finance Limited | 2.38% | 0.40% |
| Divi's Laboratories Limited | 4.94% | 0.40% |
| Crompton Greaves Consumer Electrical Ltd | 0.39% | 1.67% |
| IndusInd Bank Limited | 0.36% | 0.70% |
| Multi Commodity Exchange of India Ltd. | 0.32% | 0.60% |
| Kotak Mahindra Bank Limited | 0.96% | 0.27% |
| Hindustan Aeronautics Limited | 0.30% | 0.21% |
| Mahindra & Mahindra Limited | 0.17% | 0.34% |
| JSW Energy Limited | 0.15% | 0.14% |
| Sun Pharmaceutical Industries Limited | 0.09% | 0.31% |
| Indus Towers Limited | 2.28% | 0.09% |
| Hindustan Unilever Limited | 0.08% | 0.12% |
| Container Corporation of India Limited | 0.08% | 0.34% |
| Bajaj Finserv Limited | 0.07% | 0.06% |
| HDFC Life Insurance Company Limited | 0.08% | 0.05% |
| Tata Consumer Products Limited | 0.75% | 0.03% |
| Sagility Limited | 0.88% | 0.03% |
| UltraTech Cement Limited | 0.24% | 0.01% |
| Voltas Limited | 0.06% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.5% means 42.5% 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% |
| Solar Industries India Limited | 4.24% |
| Adani Port & Special Economic Zone Ltd | 1.47% |
| Bharat Forge Limited | 0.97% |
| TVS Motor Company Limited | 0.52% |
Largest holdings only in JioBlackRock Arbitrage Fund
| Security | % of fund |
|---|---|
| JioBlackRock Money Market Fund - Direct Plan - Growth Option | 11.16% |
| Vodafone Idea Ltd | 5.24% |
| HDFC Bank Ltd (18-Jan-2027) | 4.39% |
| Canara Bank (28-Jan-2027) | 4.38% |
| JioBlackRock Liquid Fund - Direct Plan - Growth Option | 2.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Equity | 73.1% | 74.1% |
| Debt | 0.0% | 8.8% |
| Cash and others | 26.9% | 17.1% |
Market cap of stocks
| Market cap | Groww Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Large Cap | 63.5% | 56.6% |
| Mid Cap | 8.3% | 13.5% |
| Small Cap | 1.3% | 3.9% |
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 | Groww Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| Banks | 29.9% | 29.0% |
| Petroleum Products | 6.9% | 6.7% |
| Insurance | 6.8% | 3.8% |
| Telecom - Services | 3.1% | 5.9% |
| Pharmaceuticals & Biotechnology | 5.0% | 1.9% |
| Finance | 4.5% | 2.5% |
| Chemicals & Petrochemicals | 4.2% | 0.4% |
| Consumer Durables | 0.4% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Arbitrage vs JioBlackRock Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Arbitrage Fund | JioBlackRock Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | 1.99% |
| Base expense ratio (Direct) | 0.21% | 0.28% |
| Total expense ratio (Regular) | 2.56% | 3.26% |
| Base expense ratio (Regular) | 0.83% | 0.90% |
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 JioBlackRock Arbitrage Fund: Frequently Asked Questions
What is the difference between Groww Arbitrage Fund and JioBlackRock Arbitrage Fund?
Both are Arbitrage funds, run by Groww Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 42.5%. Groww Arbitrage Fund charges 1.86% a year and JioBlackRock Arbitrage Fund 1.99%.
Which has the lower expense ratio, Groww Arbitrage Fund or JioBlackRock Arbitrage Fund?
Groww Arbitrage Fund charges less: 1.86% a year against 1.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Arbitrage Fund and JioBlackRock Arbitrage Fund overlap?
42.5%. They hold 36 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Groww Arbitrage Fund or JioBlackRock Arbitrage Fund?
On SEBI's riskometer, Groww Arbitrage Fund is rated Low to Moderate and JioBlackRock Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 2.14% and 1.50% a year.
Can I invest in both Groww Arbitrage Fund and JioBlackRock Arbitrage Fund?
Yes. 42.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Arbitrage Fund and JioBlackRock Arbitrage Fund?
Groww Arbitrage Fund: Paras Matalia, Shashi Kumar, Wilfred Gonsalves. JioBlackRock Arbitrage Fund: Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R.
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.