Groww NIFTY 200 ETF vs Old Bridge Arbitrage Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww NIFTY 200 ETF is an ETF fund and Old Bridge Arbitrage Fund is an Arbitrage fund. Groww NIFTY 200 ETF charges 0.43% a year and Old Bridge Arbitrage Fund 1.09%. Their portfolios overlap 46.6%: they hold 88 of the same securities.
Which is better, Groww NIFTY 200 ETF or Old Bridge 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 NIFTY 200 ETF costs less: 0.43% a year against 1.09%.
- Old Bridge Arbitrage fell less in its worst fall since 14-11-2025: −0.7% against −14.8%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 64.1%.
- Old Bridge Arbitrage is the larger fund: ₹254 Cr against ₹16 Cr.
- Their portfolios overlap 46.6%: 88 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 NIFTY 200 ETF | Old Bridge Arbitrage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Old Bridge Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹16 Cr (30-09-2026) | ₹254 Cr (30-09-2026) |
| NAV | ₹10.72 | ₹10.62 (Direct) |
| Expense ratio (Direct) | Not available | 1.09% |
| Expense ratio (Regular) | Not available | 1.94% |
| Riskometer | Very High | Low |
| Benchmark | Nifty 200 TRI | Nifty 50 Arbitrage TRI |
| Launch date | 25-02-2025 | 13-11-2025 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Kenneth Joseph Andrade |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 7 Days. |
Groww NIFTY 200 ETF vs Old Bridge 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 NIFTY 200 ETF | +0.13% | −6.00% | −3.35% | −8.21% | -- | -- | -- |
| Old Bridge Arbitrage Fund (Direct) | +0.55% | +1.49% | +3.19% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Groww NIFTY 200 ETF vs Old Bridge Arbitrage: Year-wise Returns
| Year | Groww NIFTY 200 ETFGroww NIFTY 200 ETF | Old Bridge ArbitrageOld Bridge Arbitrage |
|---|---|---|
| 2026to date | −8.79% | +5.31% |
Groww NIFTY 200 ETF vs Old Bridge Arbitrage: Rolling Returns
Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF
Groww NIFTY 200 ETF vs Old Bridge Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww NIFTY 200 ETF | Old Bridge Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.51% | +6.43% |
| Standard deviation | 13.84% | 1.68% |
| Sharpe ratio | -0.07 | 0.71 |
| Sortino ratio | -0.09 | 1.06 |
| Maximum drawdown | −14.8% (31-03-2026) | −0.7% (29-05-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.43% | -- |
From daily NAVs, 27-02-2025 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 NIFTY 200 ETF
Old Bridge Arbitrage Fund (Direct)
Nifty 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| Old Bridge Arbitrage Fund (Direct) | −0.7% | 18-05-2026 | 29-05-2026 | 04-06-2026 | 6 days | −0.1% |
| Nifty 200 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
From daily values since 14-11-2025, the first day every fund has.
Groww NIFTY 200 ETF vs Old Bridge Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww NIFTY 200 ETF, September 2026; Old Bridge Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 46.6%
- Held by both
- 88
- Only in Groww NIFTY 200 ETF
- 112
- Only in Old Bridge Arbitrage
- 9
| Security | % of Groww NIFTY 200 ETF | % of Old Bridge Arbitrage |
|---|---|---|
| ICICI Bank Limited | 5.86% | 5.25% |
| Reliance Industries Limited | 4.91% | 5.43% |
| HDFC Bank Limited | 6.72% | 4.76% |
| Bharti Airtel Limited | 3.31% | 3.72% |
| Axis Bank Limited | 2.18% | 2.36% |
| State Bank of India | 2.45% | 1.33% |
| Tata Steel Limited | 0.95% | 2.44% |
| Shriram Finance Limited | 0.85% | 2.97% |
| Hindalco Industries Limited | 0.84% | 1.22% |
| Larsen & Toubro Limited | 2.72% | 0.80% |
| UltraTech Cement Limited | 0.80% | 1.36% |
| JSW Steel Limited | 0.75% | 1.47% |
| Divi's Laboratories Limited | 0.73% | 1.28% |
| Coal India Limited | 0.63% | 0.79% |
| Bajaj Finserv Limited | 0.62% | 0.80% |
| Power Grid Corporation of India Limited | 0.73% | 0.60% |
| Kotak Mahindra Bank Limited | 1.90% | 0.59% |
| Sun Pharmaceutical Industries Limited | 1.19% | 0.58% |
| Hindustan Unilever Limited | 1.03% | 0.56% |
| Hindustan Aeronautics Limited | 0.55% | 1.21% |
| Multi Commodity Exchange of India Ltd. | 0.52% | 0.82% |
| Apollo Hospitals Enterprise Limited | 0.51% | 1.05% |
| The Federal Bank Limited | 0.48% | 0.72% |
| Bajaj Finance Limited | 1.62% | 0.48% |
| Jio Financial Services Limited | 0.44% | 1.23% |
| Asian Paints Limited | 0.67% | 0.43% |
| NTPC Limited | 0.95% | 0.42% |
| The Indian Hotels Company Limited | 0.40% | 0.83% |
| Tata Consumer Products Limited | 0.38% | 1.30% |
| ITC Limited | 1.57% | 0.38% |
| Bharat Heavy Electricals Limited | 0.37% | 1.93% |
| The Tata Power Company Limited | 0.37% | 1.52% |
| Varun Beverages Limited | 0.37% | 0.96% |
| HDFC Life Insurance Company Limited | 0.35% | 0.84% |
| IDFC First Bank Limited | 0.33% | 2.23% |
| Bharat Forge Limited | 0.33% | 0.49% |
| Indus Towers Limited | 0.30% | 3.73% |
| Power Finance Corporation Limited | 0.29% | 0.88% |
| CG Power And Industrial Solutions Ltd | 0.36% | 0.29% |
| HDFC Asset Management Company Limited | 0.29% | 1.89% |
| GAIL (India) Limited | 0.28% | 0.48% |
| DLF Limited | 0.27% | 0.33% |
| Bank of Baroda | 0.26% | 0.90% |
| Jindal Steel Limited | 0.26% | 0.48% |
| IndusInd Bank Limited | 0.37% | 0.25% |
| Canara Bank | 0.25% | 1.18% |
| Fortis Healthcare Limited | 0.25% | 0.42% |
| APL Apollo Tubes Limited | 0.25% | 0.88% |
| Punjab National Bank | 0.24% | 1.46% |
| Bharat Electronics Limited | 0.86% | 0.24% |
| SWIGGY LIMITED | 0.23% | 0.65% |
| Yes Bank Ltd | 0.23% | 0.39% |
| Glenmark Pharmaceuticals Limited | 0.22% | 1.76% |
| Godrej Consumer Products Limited | 0.21% | 0.25% |
| Grasim Industries Limited | 0.71% | 0.21% |
| Union Bank of India | 0.20% | 0.27% |
| GMR Airports Limited | 0.20% | 0.39% |
| Pidilite Industries Limited | 0.28% | 0.20% |
| Marico Limited | 0.26% | 0.19% |
| UPL Limited | 0.19% | 0.20% |
| Eternal Limited | 1.43% | 0.18% |
| NMDC Limited | 0.16% | 0.29% |
| Biocon Limited | 0.16% | 0.55% |
| Ashok Leyland Limited | 0.27% | 0.15% |
| Ambuja Cements Limited | 0.14% | 0.44% |
| Infosys Limited | 2.17% | 0.14% |
| Oil & Natural Gas Corporation Limited | 0.54% | 0.14% |
| Dabur India Limited | 0.14% | 0.47% |
| Godrej Properties Limited | 0.14% | 0.25% |
| Info Edge (India) Limited | 0.29% | 0.11% |
| Colgate Palmolive (India) Limited | 0.14% | 0.11% |
| LIC Housing Finance Limited | 0.10% | 1.11% |
| Bank of India | 0.10% | 0.51% |
| Hero MotoCorp Limited | 0.42% | 0.09% |
| United Spirits Limited | 0.25% | 0.09% |
| The Phoenix Mills Limited | 0.22% | 0.08% |
| SRF Limited | 0.22% | 0.08% |
| Mahindra & Mahindra Limited | 1.63% | 0.07% |
| Maruti Suzuki India Limited | 0.96% | 0.07% |
| Adani Port & Special Economic Zone Ltd | 0.87% | 0.07% |
| Container Corporation of India Limited | 0.10% | 0.07% |
| SBI Life Insurance Company Limited | 0.47% | 0.05% |
| Cholamandalam Invest & Finance Co Ltd | 0.43% | 0.04% |
| AU Small Finance Bank Limited | 0.36% | 0.04% |
| Aurobindo Pharma Limited | 0.29% | 0.04% |
| InterGlobe Aviation Limited | 0.70% | 0.03% |
| Bharat Petroleum Corporation Limited | 0.38% | 0.02% |
| PB Fintech Limited | 0.23% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.6% means 46.6% 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 NIFTY 200 ETF
| Security | % of fund |
|---|---|
| Tata Consultancy Services Limited | 1.29% |
| Titan Company Limited | 1.17% |
| HCL Technologies Limited | 0.80% |
| BSE Ltd | 0.78% |
| Bajaj Auto Limited | 0.73% |
Largest holdings only in Old Bridge Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill (MD 13/05/2027) | 5.70% |
| 182 Days Tbill (MD 19/11/2026) | 1.96% |
| 364 Days Tbill (MD 17/12/2026) | 1.95% |
| 182 Days Tbill (MD 04/02/2027) | 1.93% |
| Crompton Greaves Consumer Electricals Limited | 0.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww NIFTY 200 ETF | Old Bridge Arbitrage |
|---|---|---|
| Equity | 99.9% | 79.4% |
| Debt | 0.0% | 11.5% |
| Cash and others | 0.1% | 9.1% |
Market cap of stocks
| Market cap | Groww NIFTY 200 ETF | Old Bridge Arbitrage |
|---|---|---|
| Large Cap | 79.6% | 64.1% |
| Mid Cap | 19.9% | 13.3% |
| Small Cap | 0.3% | 1.9% |
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 NIFTY 200 ETF | Old Bridge Arbitrage |
|---|---|---|
| Banks | 22.2% | 22.2% |
| Finance | 5.9% | 7.5% |
| Telecom - Services | 3.9% | 7.5% |
| IT - Software | 6.4% | 0.1% |
| Petroleum Products | 5.8% | 5.5% |
| Automobiles | 5.5% | 0.2% |
| Pharmaceuticals & Biotechnology | 5.1% | 4.2% |
| Ferrous Metals | 2.1% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Groww NIFTY 200 ETF vs Old Bridge Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww NIFTY 200 ETF | Old Bridge Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.09% |
| Base expense ratio (Direct) | 0.35% | 0.12% |
| Total expense ratio (Regular) | Not available | 1.94% |
| Base expense ratio (Regular) | 0.00% | 0.84% |
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 NIFTY 200 ETF vs Old Bridge Arbitrage Fund: Frequently Asked Questions
What is the difference between Groww NIFTY 200 ETF and Old Bridge Arbitrage Fund?
Groww NIFTY 200 ETF is an ETF fund, Old Bridge Arbitrage Fund is an Arbitrage fund, run by Groww Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 46.6%. Groww NIFTY 200 ETF charges 0.43% a year and Old Bridge Arbitrage Fund 1.09%.
Which has the lower expense ratio, Groww NIFTY 200 ETF or Old Bridge Arbitrage Fund?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.09%. These are the total expense ratios reported to AMFI.
How much do Groww NIFTY 200 ETF and Old Bridge Arbitrage Fund overlap?
46.6%. They hold 88 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Groww NIFTY 200 ETF or Old Bridge Arbitrage Fund?
On SEBI's riskometer, Groww NIFTY 200 ETF is rated Very High and Old Bridge Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 13.84% and 1.68% a year.
Can I invest in both Groww NIFTY 200 ETF and Old Bridge Arbitrage Fund?
Yes. 46.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww NIFTY 200 ETF and Old Bridge Arbitrage Fund?
Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar. Old Bridge Arbitrage Fund: Kenneth Joseph Andrade.
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.