Groww Arbitrage Fund vs JioBlackRock Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Arbitrage Fund is an Arbitrage fund and JioBlackRock Large Cap Fund is a Large Cap fund. Groww Arbitrage Fund charges 1.86% a year and JioBlackRock Large Cap Fund 1.33% (Direct plans). Their portfolios overlap 34.3%: they hold 22 of the same securities.
Which is better, Groww Arbitrage or JioBlackRock Large Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JioBlackRock Large Cap costs less: 1.33% a year against 1.86% (Direct plans).
- Groww Arbitrage fell less in its worst fall since 29-04-2026: −0.6% against −9.8%.
- JioBlackRock Large Cap holds more in large companies: 82.5% of the fund in large caps against 63.5%.
- Groww Arbitrage is the larger fund: ₹70 Cr against ₹47 Cr.
- Their portfolios overlap 34.3%: 22 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 Large Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Arbitrage | Large Cap |
| AUM | ₹70 Cr (30-09-2026) | ₹47 Cr (30-09-2026) |
| NAV | ₹10.31 (Direct) | ₹9.42 (Direct) |
| Expense ratio (Direct) | 1.86% | 1.33% |
| Expense ratio (Regular) | 2.56% | 2.41% |
| Riskometer | Low to Moderate | Very High |
| Benchmark | Nifty 50 Arbitrage TRI | BSE 100 TRI |
| Launch date | 28-04-2026 | 10-04-2026 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Paras Matalia, Shashi Kumar, Wilfred Gonsalves | Sahil Chaudhary, Tanvi Kacheria |
| 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 Large Cap: 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 Large Cap Fund (Direct) | −0.26% | −6.44% | −5.00% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds and the 35 Large Cap funds, same plan type.
Groww Arbitrage vs JioBlackRock Large Cap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of JioBlackRock Large Cap Fund
Groww Arbitrage vs JioBlackRock Large Cap: 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 Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.13% | −11.53% |
| Standard deviation | 2.14% | 11.36% |
| Sharpe ratio | 0.40 | -1.48 |
| Sortino ratio | 0.59 | -1.94 |
| Maximum drawdown | −0.6% (06-08-2026) | −9.8% (08-10-2026) |
| Beta | -- | 0.94 |
| Alpha | -- | −5.89% |
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 Large Cap Fund (Direct)
BSE 100 TRI
| 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 Large Cap Fund (Direct) | −9.8% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.2% |
| BSE 100 TRI | −9.7% | 06-08-2026 | 08-10-2026 | Not yet | -- | −7.0% |
From daily values since 29-04-2026, the first day every fund has.
Groww Arbitrage vs JioBlackRock Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Arbitrage Fund, September 2026; JioBlackRock Large Cap Fund, September 2026
Holdings in common
- Overlap
- 34.3%
- Held by both
- 22
- Only in Groww Arbitrage
- 19
- Only in JioBlackRock Large Cap
- 52
| Security | % of Groww Arbitrage | % of JioBlackRock Large Cap |
|---|---|---|
| ICICI Bank Limited | 8.50% | 7.64% |
| HDFC Bank Limited | 6.35% | 7.38% |
| Reliance Industries Limited | 6.90% | 4.49% |
| Tata Steel Limited | 2.84% | 3.53% |
| Life Insurance Corporation Of India | 6.75% | 2.34% |
| Bajaj Finance Limited | 2.38% | 1.70% |
| Yes Bank Ltd | 1.40% | 1.52% |
| Power Finance Corporation Limited | 2.01% | 1.22% |
| ITC Limited | 1.30% | 1.15% |
| Bharti Airtel Limited | 0.84% | 6.25% |
| Adani Port & Special Economic Zone Ltd | 1.47% | 0.77% |
| State Bank of India | 0.52% | 5.56% |
| TVS Motor Company Limited | 0.52% | 0.89% |
| The Federal Bank Limited | 3.76% | 0.47% |
| Hindalco Industries Limited | 0.66% | 0.47% |
| IDFC First Bank Limited | 1.19% | 0.43% |
| Hindustan Aeronautics Limited | 0.30% | 0.50% |
| UltraTech Cement Limited | 0.24% | 1.54% |
| Divi's Laboratories Limited | 4.94% | 0.22% |
| Mahindra & Mahindra Limited | 0.17% | 3.84% |
| Indus Towers Limited | 2.28% | 0.13% |
| Sun Pharmaceutical Industries Limited | 0.09% | 0.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.3% means 34.3% 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% |
| Canara Bank | 5.79% |
| Solar Industries India Limited | 4.24% |
| Bank of Baroda | 1.07% |
| Bharat Forge Limited | 0.97% |
Largest holdings only in JioBlackRock Large Cap Fund
| Security | % of fund |
|---|---|
| Oil & Natural Gas Corporation Ltd | 2.71% |
| Larsen & Toubro Ltd | 2.45% |
| Titan Co Ltd | 2.41% |
| Lupin Ltd | 2.08% |
| Infosys Ltd | 2.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Arbitrage | JioBlackRock Large Cap |
|---|---|---|
| Equity | 73.1% | 99.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 26.9% | 0.4% |
Market cap of stocks
| Market cap | Groww Arbitrage | JioBlackRock Large Cap |
|---|---|---|
| Large Cap | 63.5% | 82.5% |
| Mid Cap | 8.3% | 15.9% |
| Small Cap | 1.3% | 1.2% |
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 Large Cap |
|---|---|---|
| Banks | 29.9% | 26.1% |
| Petroleum Products | 6.9% | 6.2% |
| Insurance | 6.8% | 2.3% |
| Telecom - Services | 3.1% | 6.4% |
| IT - Software | 0.0% | 6.4% |
| Automobiles | 0.7% | 6.3% |
| Ferrous Metals | 2.8% | 5.1% |
| Pharmaceuticals & Biotechnology | 5.0% | 4.7% |
| Finance | 4.5% | 4.1% |
| Chemicals & Petrochemicals | 4.2% | 0.2% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Arbitrage vs JioBlackRock Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Arbitrage Fund | JioBlackRock Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | 1.33% |
| Base expense ratio (Direct) | 0.21% | 0.50% |
| Total expense ratio (Regular) | 2.56% | 2.41% |
| Base expense ratio (Regular) | 0.83% | 1.61% |
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 Large Cap Fund: Frequently Asked Questions
What is the difference between Groww Arbitrage Fund and JioBlackRock Large Cap Fund?
Groww Arbitrage Fund is an Arbitrage fund, JioBlackRock Large Cap Fund is a Large Cap fund, run by Groww Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 34.3%. Groww Arbitrage Fund charges 1.86% a year and JioBlackRock Large Cap Fund 1.33%.
Which has the lower expense ratio, Groww Arbitrage Fund or JioBlackRock Large Cap Fund?
JioBlackRock Large Cap Fund charges less: 1.33% a year against 1.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Arbitrage Fund and JioBlackRock Large Cap Fund overlap?
34.3%. They hold 22 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Groww Arbitrage Fund or JioBlackRock Large Cap Fund?
On SEBI's riskometer, Groww Arbitrage Fund is rated Low to Moderate and JioBlackRock Large Cap Fund Very High. Over their common history, the standard deviation of daily returns was 2.14% and 11.36% a year.
Can I invest in both Groww Arbitrage Fund and JioBlackRock Large Cap Fund?
Yes. 34.3% 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 JioBlackRock Large Cap Fund?
Groww Arbitrage Fund: Paras Matalia, Shashi Kumar, Wilfred Gonsalves. JioBlackRock Large Cap Fund: Sahil Chaudhary, Tanvi Kacheria.
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.