Groww NIFTY 200 ETF vs quant 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 quant Arbitrage Fund is an Arbitrage fund. In the year to 30-10-2026, Groww NIFTY 200 ETF returned −8.2% and quant Arbitrage Fund (Direct) returned 7.6%. Groww NIFTY 200 ETF charges 0.43% a year and quant Arbitrage Fund 1.60%. Their portfolios overlap 35.4%: they hold 84 of the same securities.
Which is better, Groww NIFTY 200 ETF or quant Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- quant Arbitrage returned more over 1 year: 7.6% against −8.2%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 1.60%.
- quant Arbitrage fell less in its worst fall since 07-04-2025: −0.4% against −14.8%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 48.1%.
- quant Arbitrage is the larger fund: ₹1,007 Cr against ₹16 Cr.
- Their portfolios overlap 35.4%: 84 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 | quant Arbitrage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | quant Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹16 Cr (30-09-2026) | ₹1,007 Cr (30-09-2026) |
| NAV | ₹10.72 | ₹11.19 (Direct) |
| Expense ratio (Direct) | Not available | 1.60% |
| Expense ratio (Regular) | Not available | 2.25% |
| Riskometer | Very High | Low |
| Benchmark | Nifty 200 TRI | Nifty 50 Arbitrage TRI |
| Launch date | 25-02-2025 | 04-04-2025 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Sameer Kate, Yug Tibrewal, Sanjeev Sharma |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 1 month. |
Groww NIFTY 200 ETF vs quant 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% | -- | -- | -- |
| quant Arbitrage Fund (Direct) | +0.51% | +1.68% | +3.63% | +7.56% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Groww NIFTY 200 ETF vs quant Arbitrage: Year-wise Returns
| Year | Groww NIFTY 200 ETFGroww NIFTY 200 ETF | quant Arbitragequant Arbitrage |
|---|---|---|
| 2026to date | −8.79% | +6.22% |
Groww NIFTY 200 ETF vs quant Arbitrage: Rolling Returns
Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF
Rolling returns
Every 1-year holding period, 140 of them, one for each trading day from 07-04-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Groww NIFTY 200 ETF
quant Arbitrage Fund (Direct)
Nifty 200 TRI
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | 49.3 | 41.4 | 8.6 | 0.7 | 0.0 | 0.0 | 0.0 | −0.0% | 0.1% | −9.9% | 10.2% | 0% |
| quant Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.5% | 7.1% | 7.9% | 97% |
| Nifty 200 TRI | 45.0 | 43.6 | 10.7 | 0.7 | 0.0 | 0.0 | 0.0 | 0.4% | 0.5% | −9.6% | 10.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 200 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 07-04-2025. Past returns do not promise future returns.
Groww NIFTY 200 ETF vs quant Arbitrage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-04-2025 to 30-10-2026: 19 instalments, ₹1,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww NIFTY 200 ETFGroww NIFTY 200 ETF | ₹1,90,000 | ₹1,82,804 | −₹7,196 | −4.6% |
| quant Arbitragequant Arbitrage Fund (Direct) | ₹1,90,000 | ₹2,01,679 | ₹11,679 | 7.4% |
Groww NIFTY 200 ETFGroww NIFTY 200 ETF
quant Arbitragequant Arbitrage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Groww NIFTY 200 ETF vs quant 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 | quant Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.21% | +7.56% |
| Standard deviation | 14.33% | 1.46% |
| Sharpe ratio | -0.94 | 1.59 |
| Sortino ratio | -1.24 | 2.43 |
| Maximum drawdown | −14.8% (31-03-2026) | −0.4% (26-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.38% | -- |
From daily NAVs, 30-10-2025 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.
| Measure | Groww NIFTY 200 ETF | quant Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.51% | +7.37% |
| Standard deviation | 13.84% | 1.29% |
| Sharpe ratio | -0.07 | 1.55 |
| Sortino ratio | -0.09 | 2.35 |
| Maximum drawdown | −14.8% (31-03-2026) | −0.4% (26-08-2026) |
| 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
quant 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% |
| quant Arbitrage Fund (Direct) | −0.4% | 24-08-2026 | 26-08-2026 | 01-09-2026 | 6 days | −0.1% |
| Nifty 200 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
From daily values since 07-04-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Groww NIFTY 200 ETF
quant Arbitrage Fund (Direct)
Nifty 200 TRI
Against Nifty 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww NIFTY 200 ETF | 98% | 101% | 0.06% |
| quant Arbitrage Fund (Direct) | 22% | -18% | 15.58% |
From month-end values since 07-04-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Groww NIFTY 200 ETF vs quant Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww NIFTY 200 ETF, September 2026; quant Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 35.4%
- Held by both
- 84
- Only in Groww NIFTY 200 ETF
- 116
- Only in quant Arbitrage
- 25
| Security | % of Groww NIFTY 200 ETF | % of quant Arbitrage |
|---|---|---|
| Reliance Industries Limited | 4.91% | 4.80% |
| HDFC Bank Limited | 6.72% | 2.45% |
| State Bank of India | 2.45% | 1.81% |
| ITC Limited | 1.57% | 1.41% |
| NTPC Limited | 0.95% | 1.87% |
| Axis Bank Limited | 2.18% | 0.88% |
| ICICI Bank Limited | 5.86% | 0.87% |
| Adani Port & Special Economic Zone Ltd | 0.87% | 1.46% |
| Maruti Suzuki India Limited | 0.96% | 0.87% |
| Bharti Airtel Limited | 3.31% | 0.86% |
| Hindustan Unilever Limited | 1.03% | 0.83% |
| Bajaj Finance Limited | 1.62% | 0.69% |
| Shriram Finance Limited | 0.85% | 0.59% |
| Kotak Mahindra Bank Limited | 1.90% | 0.58% |
| Hindustan Aeronautics Limited | 0.55% | 0.86% |
| Oil & Natural Gas Corporation Limited | 0.54% | 2.38% |
| Adani Power Limited | 0.53% | 0.85% |
| JSW Steel Limited | 0.75% | 0.48% |
| Samvardhana Motherson International Ltd | 0.45% | 1.09% |
| Adani Enterprises Limited | 0.61% | 0.44% |
| Cholamandalam Invest & Finance Co Ltd | 0.43% | 1.61% |
| Divi's Laboratories Limited | 0.73% | 0.43% |
| Bajaj Finserv Limited | 0.62% | 0.41% |
| Eicher Motors Limited | 0.61% | 0.39% |
| Bharat Petroleum Corporation Limited | 0.38% | 0.50% |
| Bharat Heavy Electricals Limited | 0.37% | 1.18% |
| The Tata Power Company Limited | 0.37% | 0.43% |
| Varun Beverages Limited | 0.37% | 1.56% |
| HDFC Life Insurance Company Limited | 0.35% | 3.19% |
| Jio Financial Services Limited | 0.44% | 0.34% |
| GE Vernova T&D India Limited | 0.32% | 0.70% |
| Life Insurance Corporation Of India | 0.31% | 0.66% |
| Torrent Pharmaceuticals Limited | 0.43% | 0.31% |
| Indus Towers Limited | 0.30% | 2.10% |
| Info Edge (India) Limited | 0.29% | 3.03% |
| Aurobindo Pharma Limited | 0.29% | 0.82% |
| Cummins India Limited | 0.40% | 0.28% |
| UltraTech Cement Limited | 0.80% | 0.28% |
| DLF Limited | 0.27% | 0.81% |
| Adani Energy Solutions Limited | 0.26% | 0.33% |
| Adani Green Energy Limited | 0.26% | 0.52% |
| Tata Consumer Products Limited | 0.38% | 0.25% |
| Canara Bank | 0.25% | 0.78% |
| Punjab National Bank | 0.24% | 1.62% |
| Asian Paints Limited | 0.67% | 0.24% |
| SWIGGY LIMITED | 0.23% | 2.33% |
| Yes Bank Ltd | 0.23% | 1.18% |
| HDFC Asset Management Company Limited | 0.29% | 0.22% |
| SRF Limited | 0.22% | 0.49% |
| Vodafone Idea Limited | 0.22% | 1.29% |
| Glenmark Pharmaceuticals Limited | 0.22% | 0.68% |
| APL Apollo Tubes Limited | 0.25% | 0.21% |
| Hitachi Energy India Limited | 0.23% | 0.21% |
| Godrej Consumer Products Limited | 0.21% | 0.52% |
| Hindustan Petroleum Corporation Limited | 0.21% | 0.80% |
| Union Bank of India | 0.20% | 0.62% |
| GMR Airports Limited | 0.20% | 0.51% |
| Ashok Leyland Limited | 0.27% | 0.19% |
| UPL Limited | 0.19% | 1.37% |
| Zydus Lifesciences Limited | 0.18% | 3.82% |
| Bharat Electronics Limited | 0.86% | 0.17% |
| NHPC Limited | 0.17% | 0.26% |
| NMDC Limited | 0.16% | 0.45% |
| Steel Authority of India Limited | 0.16% | 0.20% |
| Tata Consultancy Services Limited | 1.29% | 0.16% |
| Biocon Limited | 0.16% | 1.15% |
| Jindal Steel Limited | 0.26% | 0.15% |
| One 97 Communications Limited | 0.45% | 0.14% |
| Dabur India Limited | 0.14% | 0.46% |
| Godrej Properties Limited | 0.14% | 0.17% |
| Radico Khaitan Limited | 0.21% | 0.13% |
| Oil India Limited | 0.15% | 0.12% |
| Tata Steel Limited | 0.95% | 0.12% |
| Larsen & Toubro Limited | 2.72% | 0.12% |
| Laurus Labs Limited | 0.48% | 0.12% |
| Power Grid Corporation of India Limited | 0.73% | 0.10% |
| FSN E-Commerce Ventures Limited | 0.27% | 0.10% |
| LIC Housing Finance Limited | 0.10% | 1.44% |
| Bank of India | 0.10% | 0.20% |
| Premier Energies Limited | 0.08% | 0.20% |
| Cochin Shipyard Limited | 0.08% | 1.03% |
| Ambuja Cements Limited | 0.14% | 0.07% |
| Indian Oil Corporation Limited | 0.31% | 0.05% |
| KALYAN JEWELLERS INDIA LIMITED | 0.13% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.4% means 35.4% 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 |
|---|---|
| Infosys Limited | 2.17% |
| Mahindra & Mahindra Limited | 1.63% |
| Eternal Limited | 1.43% |
| Sun Pharmaceutical Industries Limited | 1.19% |
| Titan Company Limited | 1.17% |
Largest holdings only in quant Arbitrage Fund
| Security | % of fund |
|---|---|
| TREPS 01-Oct-2026 DEPO 10 | 7.26% |
| SIDBI CD 25-Mar-2027 | 4.80% |
| National Building Construction Corp | 2.12% |
| 182 Days Treasury Bill 18-Mar-2027 | 1.93% |
| 364 Days Treasury Bill 01-Jul-2027 | 1.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww NIFTY 200 ETF | quant Arbitrage |
|---|---|---|
| Equity | 99.9% | 76.4% |
| Debt | 0.0% | 28.6% |
| Cash and others | 0.1% | -5.0% |
Market cap of stocks
| Market cap | Groww NIFTY 200 ETF | quant Arbitrage |
|---|---|---|
| Large Cap | 79.6% | 48.1% |
| Mid Cap | 19.9% | 21.4% |
| Small Cap | 0.3% | 6.9% |
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 | quant Arbitrage |
|---|---|---|
| Banks | 22.2% | 11.2% |
| Pharmaceuticals & Biotechnology | 5.1% | 7.3% |
| IT - Software | 6.4% | 0.7% |
| Petroleum Products | 5.8% | 6.2% |
| Finance | 5.9% | 5.8% |
| Automobiles | 5.5% | 1.3% |
| Retailing | 3.8% | 5.5% |
| Power | 3.5% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Groww NIFTY 200 ETF vs quant Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww NIFTY 200 ETF | quant Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.60% |
| Base expense ratio (Direct) | 0.35% | 0.28% |
| Total expense ratio (Regular) | Not available | 2.25% |
| Base expense ratio (Regular) | 0.00% | 0.83% |
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 quant Arbitrage Fund: Frequently Asked Questions
What is the difference between Groww NIFTY 200 ETF and quant Arbitrage Fund?
Groww NIFTY 200 ETF is an ETF fund, quant Arbitrage Fund is an Arbitrage fund, run by Groww Mutual Fund and quant Mutual Fund. Their portfolios overlap 35.4%. Groww NIFTY 200 ETF charges 0.43% a year and quant Arbitrage Fund 1.60%.
Which has given higher returns, Groww NIFTY 200 ETF or quant Arbitrage Fund?
Over 1 year: Groww NIFTY 200 ETF −8.21%, quant Arbitrage Fund +7.56%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww NIFTY 200 ETF or quant Arbitrage Fund?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.60%. These are the total expense ratios reported to AMFI.
How much do Groww NIFTY 200 ETF and quant Arbitrage Fund overlap?
35.4%. They hold 84 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Groww NIFTY 200 ETF or quant Arbitrage Fund?
On SEBI's riskometer, Groww NIFTY 200 ETF is rated Very High and quant Arbitrage Fund Low. Over 1 years, the standard deviation of daily returns was 14.33% and 1.46% a year.
Can I invest in both Groww NIFTY 200 ETF and quant Arbitrage Fund?
Yes. 35.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww NIFTY 200 ETF and quant Arbitrage Fund?
Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar. quant Arbitrage Fund: Sameer Kate, Yug Tibrewal, Sanjeev Sharma.
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.