Groww Arbitrage Fund vs Tata Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Arbitrage Fund and Tata Arbitrage Fund are both Arbitrage funds. Groww Arbitrage Fund charges 1.86% a year and Tata Arbitrage Fund 1.57% (Direct plans). Their portfolios overlap 29.2%: they hold 38 of the same securities.
Which is better, Groww Arbitrage or Tata Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Arbitrage costs less: 1.57% a year against 1.86% (Direct plans).
- Tata Arbitrage fell less in its worst fall since 29-04-2026: −0.4% against −0.6%.
- Groww Arbitrage holds more in large companies: 63.5% of the fund in large caps against 50.0%.
- Tata Arbitrage is the larger fund: ₹24,539 Cr against ₹70 Cr.
- Their portfolios overlap 29.2%: 38 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 | Tata Arbitrage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Tata Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹70 Cr (30-09-2026) | ₹24,539 Cr (30-09-2026) |
| NAV | ₹10.31 (Direct) | ₹16.46 (Direct) |
| Expense ratio (Direct) | 1.86% | 1.57% |
| Expense ratio (Regular) | 2.56% | 2.25% |
| Riskometer | Low to Moderate | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 28-04-2026 | 18-12-2018 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Paras Matalia, Shashi Kumar, Wilfred Gonsalves | Sailesh Jain |
| 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 15 days. |
Groww Arbitrage vs Tata 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% | -- | -- | -- | -- |
| Tata Arbitrage Fund (Direct) | +0.50% | +1.52% | +3.24% | +6.77% | +7.43% | +6.90% | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Groww Arbitrage vs Tata Arbitrage: Year-wise Returns
| Year | GrowwGroww Arbitrage | TataTata Arbitrage |
|---|---|---|
| 2026to date | -- | +5.46% |
| 2025 | -- | +7.26% |
| 2024 | -- | +8.36% |
| 2023 | -- | +7.93% |
| 2022 | -- | +4.86% |
| 2021 | -- | +4.54% |
Groww Arbitrage vs Tata Arbitrage: Rolling Returns
Every holding period of both funds
Groww Arbitrage vs Tata 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) | Tata Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.13% | +6.55% |
| Standard deviation | 2.14% | 1.01% |
| Sharpe ratio | 0.40 | 1.32 |
| Sortino ratio | 0.59 | 2.01 |
| Maximum drawdown | −0.6% (06-08-2026) | −0.6% (03-06-2020) |
| 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)
Tata 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% |
| Tata Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
From daily values since 29-04-2026, the first day every fund has.
Groww Arbitrage vs Tata Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Arbitrage Fund, September 2026; Tata Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 29.2%
- Held by both
- 38
- Only in Groww Arbitrage
- 3
- Only in Tata Arbitrage
- 143
| Security | % of Groww Arbitrage | % of Tata Arbitrage |
|---|---|---|
| HDFC Bank Limited | 6.35% | 7.89% |
| ICICI Bank Limited | 8.50% | 4.34% |
| Reliance Industries Limited | 6.90% | 4.28% |
| Indus Towers Limited | 2.28% | 1.21% |
| Canara Bank | 5.79% | 1.09% |
| Divi's Laboratories Limited | 4.94% | 0.92% |
| Varun Beverages Limited | 0.87% | 0.85% |
| Bharti Airtel Limited | 0.84% | 1.27% |
| IDFC First Bank Limited | 1.19% | 0.75% |
| Tata Steel Limited | 2.84% | 0.74% |
| Hindalco Industries Limited | 0.66% | 1.08% |
| Power Finance Corporation Limited | 2.01% | 0.62% |
| Kotak Mahindra Bank Limited | 0.96% | 0.60% |
| State Bank of India | 0.52% | 1.21% |
| TVS Motor Company Limited | 0.52% | 0.63% |
| Adani Enterprises Limited | 0.52% | 0.59% |
| Life Insurance Corporation Of India | 6.75% | 0.42% |
| Yes Bank Ltd | 1.40% | 0.40% |
| Bank of Baroda | 1.07% | 0.40% |
| Crompton Greaves Consumer Electrical Ltd | 0.39% | 0.39% |
| IndusInd Bank Limited | 0.36% | 0.52% |
| The Federal Bank Limited | 3.76% | 0.33% |
| Multi Commodity Exchange of India Ltd. | 0.32% | 0.43% |
| Hindustan Aeronautics Limited | 0.30% | 0.61% |
| Bajaj Finance Limited | 2.38% | 0.27% |
| ITC Limited | 1.30% | 0.26% |
| JSW Energy Limited | 0.15% | 0.40% |
| Mahindra & Mahindra Limited | 0.17% | 0.15% |
| Bharat Forge Limited | 0.97% | 0.10% |
| Tata Consumer Products Limited | 0.75% | 0.09% |
| UltraTech Cement Limited | 0.24% | 0.09% |
| HDFC Life Insurance Company Limited | 0.08% | 0.56% |
| Hindustan Unilever Limited | 0.08% | 0.83% |
| Container Corporation of India Limited | 0.08% | 0.25% |
| Bajaj Finserv Limited | 0.07% | 0.08% |
| Solar Industries India Limited | 4.24% | 0.05% |
| Sagility Limited | 0.88% | 0.01% |
| Sun Pharmaceutical Industries Limited | 0.09% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.2% means 29.2% 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% |
| Adani Port & Special Economic Zone Ltd | 1.47% |
| Voltas Limited | 0.06% |
Largest holdings only in Tata Arbitrage Fund
| Security | % of fund |
|---|---|
| TATA MONEY MARKET FUND | 12.05% |
| AXIS BANK LTD | 2.36% |
| ** - SMALL INDUST DEVLOP BANK OF INDIA - CD - 23/10/2026 | 2.03% |
| VODAFONE IDEA LTD | 1.50% |
| ** - NABARD - CD - 28/01/2027 | 1.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Arbitrage | Tata Arbitrage |
|---|---|---|
| Equity | 73.1% | 64.8% |
| Debt | 0.0% | 21.7% |
| Cash and others | 26.9% | 13.5% |
Market cap of stocks
| Market cap | Groww Arbitrage | Tata Arbitrage |
|---|---|---|
| Large Cap | 63.5% | 50.0% |
| Mid Cap | 8.3% | 12.1% |
| Small Cap | 1.3% | 2.7% |
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 | Tata Arbitrage |
|---|---|---|
| Banks | 29.9% | 21.6% |
| Petroleum Products | 6.9% | 5.2% |
| Insurance | 6.8% | 1.4% |
| Pharmaceuticals & Biotechnology | 5.0% | 2.5% |
| Finance | 4.5% | 3.7% |
| Chemicals & Petrochemicals | 4.2% | 0.1% |
| Power | 0.1% | 4.1% |
| Telecom - Services | 3.1% | 4.0% |
| Ferrous Metals | 2.8% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Arbitrage vs Tata Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | 1.57% |
| Base expense ratio (Direct) | 0.21% | 0.26% |
| Total expense ratio (Regular) | 2.56% | 2.25% |
| Base expense ratio (Regular) | 0.83% | 0.91% |
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 Tata Arbitrage Fund: Frequently Asked Questions
What is the difference between Groww Arbitrage Fund and Tata Arbitrage Fund?
Both are Arbitrage funds, run by Groww Mutual Fund and Tata Mutual Fund. Their portfolios overlap 29.2%. Groww Arbitrage Fund charges 1.86% a year and Tata Arbitrage Fund 1.57%.
Which has the lower expense ratio, Groww Arbitrage Fund or Tata Arbitrage Fund?
Tata Arbitrage Fund charges less: 1.57% a year against 1.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Arbitrage Fund and Tata Arbitrage Fund overlap?
29.2%. They hold 38 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Groww Arbitrage Fund or Tata Arbitrage Fund?
On SEBI's riskometer, Groww Arbitrage Fund is rated Low to Moderate and Tata Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 2.14% and 1.01% a year.
Can I invest in both Groww Arbitrage Fund and Tata Arbitrage Fund?
Yes. 29.2% 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 Tata Arbitrage Fund?
Groww Arbitrage Fund: Paras Matalia, Shashi Kumar, Wilfred Gonsalves. Tata Arbitrage Fund: Sailesh Jain.
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.