Groww Arbitrage Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Arbitrage Fund is an Arbitrage fund and SBI BSE 100 ETF is a mutual fund. Groww Arbitrage Fund charges 1.86% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 35.0%: they hold 31 of the same securities.
Which is better, Groww Arbitrage or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI BSE 100 ETF costs less: 0.16% a year against 1.86%.
- Groww Arbitrage fell less in its worst fall since 29-04-2026: −0.6% against −9.7%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 63.5%.
- Groww Arbitrage is the larger fund: ₹70 Cr against ₹9 Cr.
- Their portfolios overlap 35.0%: 31 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 | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | SBI Mutual Fund |
| Category | Arbitrage | Not available |
| AUM | ₹70 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹10.31 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 1.86% | Not available |
| Expense ratio (Regular) | 2.56% | 0.16% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | Nifty 50 Arbitrage TRI | Not available |
| Launch date | 28-04-2026 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Paras Matalia, Shashi Kumar, Wilfred Gonsalves | Not available |
| Exit load | • 0.25% if redeemed within 30 Days from thedate of allotment. • Nil - if redeemed after 30 Days from the dateof allotment | Not available |
Groww Arbitrage vs SBI BSE 100 ETF: 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% | -- | -- | -- | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Groww Arbitrage vs SBI BSE 100 ETF: Year-wise Returns
| Year | Groww ArbitrageGroww Arbitrage | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | -- | −9.80% |
| 2025 | -- | +10.33% |
| 2024 | -- | +13.11% |
| 2023 | -- | +23.07% |
| 2022 | -- | +5.85% |
| 2021 | -- | +26.33% |
Groww Arbitrage vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Groww Arbitrage vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Arbitrage Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +6.13% | +10.40% |
| Standard deviation | 2.14% | 15.99% |
| Sharpe ratio | 0.40 | 0.30 |
| Sortino ratio | 0.59 | 0.40 |
| Maximum drawdown | −0.6% (06-08-2026) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
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)
SBI BSE 100 ETF (Regular)
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% |
| SBI BSE 100 ETF (Regular) | −9.7% | 06-08-2026 | 08-10-2026 | Not yet | -- | −7.1% |
| 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 SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Arbitrage Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 35.0%
- Held by both
- 31
- Only in Groww Arbitrage
- 10
- Only in SBI BSE 100 ETF
- 69
| Security | % of Groww Arbitrage | % of SBI BSE 100 ETF |
|---|---|---|
| ICICI Bank Limited | 8.50% | 7.24% |
| HDFC Bank Limited | 6.35% | 8.26% |
| Reliance Industries Limited | 6.90% | 6.01% |
| Bajaj Finance Limited | 2.38% | 1.96% |
| ITC Limited | 1.30% | 1.94% |
| Tata Steel Limited | 2.84% | 1.16% |
| Adani Port & Special Economic Zone Ltd | 1.47% | 1.07% |
| Kotak Mahindra Bank Limited | 0.96% | 2.34% |
| Divi's Laboratories Limited | 4.94% | 0.90% |
| Bharti Airtel Limited | 0.84% | 4.18% |
| Hindalco Industries Limited | 0.66% | 1.03% |
| The Federal Bank Limited | 3.76% | 0.60% |
| State Bank of India | 0.52% | 3.04% |
| TVS Motor Company Limited | 0.52% | 0.73% |
| Adani Enterprises Limited | 0.52% | 0.75% |
| Tata Consumer Products Limited | 0.75% | 0.47% |
| Varun Beverages Limited | 0.87% | 0.45% |
| IDFC First Bank Limited | 1.19% | 0.41% |
| Indus Towers Limited | 2.28% | 0.37% |
| IndusInd Bank Limited | 0.36% | 0.45% |
| Power Finance Corporation Limited | 2.01% | 0.36% |
| Bank of Baroda | 1.07% | 0.33% |
| Canara Bank | 5.79% | 0.31% |
| Hindustan Aeronautics Limited | 0.30% | 0.66% |
| Yes Bank Ltd | 1.40% | 0.28% |
| UltraTech Cement Limited | 0.24% | 0.98% |
| Mahindra & Mahindra Limited | 0.17% | 2.01% |
| Sun Pharmaceutical Industries Limited | 0.09% | 1.50% |
| HDFC Life Insurance Company Limited | 0.08% | 0.42% |
| Hindustan Unilever Limited | 0.08% | 1.28% |
| Bajaj Finserv Limited | 0.07% | 0.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.0% means 35.0% 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% |
| Life Insurance Corporation Of India | 6.75% |
| Solar Industries India Limited | 4.24% |
| Bharat Forge Limited | 0.97% |
| Sagility Limited | 0.88% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 3.35% |
| Infosys Ltd. | 2.68% |
| Axis Bank Ltd. | 2.68% |
| Eternal Ltd. | 1.76% |
| Tata Consultancy Services Ltd. | 1.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Arbitrage | SBI BSE 100 ETF |
|---|---|---|
| Equity | 73.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 26.9% | 0.0% |
Market cap of stocks
| Market cap | Groww Arbitrage | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 63.5% | 90.2% |
| Mid Cap | 8.3% | 9.7% |
| Small Cap | 1.3% | 0.0% |
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 | SBI BSE 100 ETF |
|---|---|---|
| Banks | 29.9% | 26.7% |
| IT - Software | 0.0% | 7.5% |
| Petroleum Products | 6.9% | 6.8% |
| Insurance | 6.8% | 1.3% |
| Automobiles | 0.7% | 6.5% |
| Finance | 4.5% | 5.8% |
| Pharmaceuticals & Biotechnology | 5.0% | 3.9% |
| Telecom - Services | 3.1% | 4.5% |
| Chemicals & Petrochemicals | 4.2% | 0.6% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Arbitrage vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Arbitrage Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | Not available |
| Base expense ratio (Direct) | 0.21% | 0.00% |
| Total expense ratio (Regular) | 2.56% | 0.16% |
| Base expense ratio (Regular) | 0.83% | 0.12% |
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
Groww Arbitrage Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Groww Arbitrage Fund and SBI BSE 100 ETF?
Groww Arbitrage Fund is an Arbitrage fund, SBI BSE 100 ETF is a mutual fund, run by Groww Mutual Fund and SBI Mutual Fund. Their portfolios overlap 35.0%. Groww Arbitrage Fund charges 1.86% a year and SBI BSE 100 ETF 0.16%.
Which has the lower expense ratio, Groww Arbitrage Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 1.86%. These are the total expense ratios reported to AMFI.
How much do Groww Arbitrage Fund and SBI BSE 100 ETF overlap?
35.0%. They hold 31 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both Groww Arbitrage Fund and SBI BSE 100 ETF?
Yes. 35.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.