HDFC Arbitrage Fund vs ICICI Prudential Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Arbitrage Fund and ICICI Prudential Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, HDFC Arbitrage Fund (Direct) returned 7.3% a year and ICICI Prudential Arbitrage Fund (Direct) returned 7.3% a year. HDFC Arbitrage Fund charges 1.48% a year and ICICI Prudential Arbitrage Fund 1.63% (Direct plans). Their portfolios overlap 48.3%: they hold 150 of the same securities.
ICICI Prudential Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.63%
- NAV
- ₹40.00
Which is better, HDFC Arbitrage or ICICI Prudential Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Arbitrage returned more over 5 years: 6.8% a year against 6.7%.
- ICICI Prudential Arbitrage returned more over 3 years: 7.3% a year against 7.3%.
- HDFC Arbitrage costs less: 1.48% a year against 1.63% (Direct plans).
- ICICI Prudential Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- ICICI Prudential Arbitrage fell less in its worst fall since 27-03-2014: −0.6% against −0.7%.
- ICICI Prudential Arbitrage is the larger fund: ₹35,576 Cr against ₹25,407 Cr.
- Their portfolios overlap 48.3%: 150 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 | HDFC Arbitrage Fund | ICICI Prudential Arbitrage Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹25,407 Cr (30-09-2026) | ₹35,576 Cr (30-09-2026) |
| NAV | ₹21.93 (Direct) | ₹40.00 (Direct) |
| Expense ratio (Direct) | 1.48% | 1.63% |
| Expense ratio (Regular) | 2.02% | 2.16% |
| Riskometer | Low | Not available |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 23-10-2007 | 30-12-2006 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal, Anil Bamboli, Gopal Agrawal | Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia |
| Exit load | • In respect of each purchase / switch-in of Units, an Exit load of 0.25% is payable if Units are redeemed / switched-out within 15 days from the date of allotment of units. • No Exit Load is payable if Units are redeemed/switched-out after 15 days from the date of allotment. | 0.25% of the applicable NAV If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment NIL If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment |
HDFC Arbitrage vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| HDFC Arbitrage Fund (Direct) | +0.55% | +1.55% | +3.25% | +6.66% | +7.26% | +6.73% | +6.13% |
| ICICI Prudential Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.24% | +6.62% | +7.27% | +6.77% | +6.33% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | +6.31% |
Category average: the average of the 39 Arbitrage funds, same plan type.
HDFC Arbitrage vs ICICI Prudential Arbitrage: Year-wise Returns
| Year | HDFCHDFC Arbitrage | ICICI PrudentialICICI Prudential Arbitrage |
|---|---|---|
| 2026to date | +5.43% | +5.40% |
| 2025 | +6.93% | +7.02% |
| 2024 | +8.22% | +8.21% |
| 2023 | +7.78% | +7.77% |
| 2022 | +4.73% | +4.79% |
| 2021 | +4.17% | +4.40% |
HDFC Arbitrage vs ICICI Prudential Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,364 of them, one for each trading day from 27-03-2017 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.
HDFC Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
to
Jan 2018Aug 2016
to
Aug 2019Apr 2018
to
Apr 2021Nov 2019
to
Nov 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Arbitrage | 0.0 | 16.6 | 83.4 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.3% | 4.2% | 7.8% |
| ICICI Prudential Arbitrage | 0.0 | 12.6 | 87.4 | 0.0 | 0.0 | 0.0 | 0.0 | 6.4% | 6.7% | 4.5% | 7.9% |
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. Every fund is measured over the days all of them have, from 27-03-2014. Past returns do not promise future returns.
HDFC Arbitrage vs ICICI Prudential 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 27-03-2014 to 30-10-2026: 152 instalments, ₹15,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC ArbitrageHDFC Arbitrage Fund (Direct) | ₹15,20,000 | ₹23,04,061 | ₹7,84,061 | 6.3% |
| ICICI Prudential ArbitrageICICI Prudential Arbitrage Fund (Direct) | ₹15,20,000 | ₹23,27,952 | ₹8,07,952 | 6.5% |
HDFC ArbitrageHDFC Arbitrage Fund (Direct)
ICICI Prudential ArbitrageICICI Prudential 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.
HDFC Arbitrage vs ICICI Prudential Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Arbitrage Fund (Direct) | ICICI Prudential Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +6.62% |
| Standard deviation | 1.39% | 1.39% |
| Sharpe ratio | 1.01 | 1.00 |
| Sortino ratio | 1.55 | 1.53 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | HDFC Arbitrage Fund (Direct) | ICICI Prudential Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.26% | +7.27% |
| Standard deviation | 1.10% | 1.10% |
| Sharpe ratio | 1.12 | 1.13 |
| Sortino ratio | 1.71 | 1.74 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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 | HDFC Arbitrage Fund (Direct) | ICICI Prudential Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.73% | +6.77% |
| Standard deviation | 1.01% | 1.00% |
| Sharpe ratio | 0.92 | 0.97 |
| Sortino ratio | 1.39 | 1.49 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 | HDFC Arbitrage Fund (Direct) | ICICI Prudential Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.43% | +7.01% |
| Standard deviation | 1.02% | 1.05% |
| Sharpe ratio | 0.60 | 0.92 |
| Sortino ratio | 0.87 | 1.38 |
| Maximum drawdown | −0.7% (25-03-2020) | −0.6% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-03-2014 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.
HDFC Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Arbitrage Fund (Direct) | −0.7% | 16-03-2020 | 25-03-2020 | 03-04-2020 | 9 days | −0.1% |
| ICICI Prudential Arbitrage Fund (Direct) | −0.6% | 29-05-2020 | 03-06-2020 | 20-08-2020 | 3 months | −0.1% |
From daily values since 27-03-2014, 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.
HDFC Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Arbitrage Fund (Direct)
ICICI Prudential Arbitrage Fund (Direct)
HDFC Arbitrage vs ICICI Prudential Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Arbitrage Fund, September 2026; ICICI Prudential Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 48.3%
- Held by both
- 150
- Only in HDFC Arbitrage
- 19
- Only in ICICI Prudential Arbitrage
- 42
| Security | % of HDFC Arbitrage | % of ICICI Prudential Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 3.39% | 4.44% |
| HDFC Bank Ltd. | 5.04% | 3.36% |
| Axis Bank Ltd. | 2.87% | 2.94% |
| State Bank of India | 2.30% | 2.35% |
| Bharti Airtel Ltd. | 3.31% | 2.04% |
| Union Bank of India | 3.84% | 1.92% |
| Bajaj Finance Ltd. | 1.80% | 1.63% |
| Tata Steel Ltd. | 1.55% | 1.47% |
| Canara Bank | 1.52% | 1.23% |
| VODAFONE IDEA LIMITED | 1.03% | 2.99% |
| JSW Steel Ltd. | 2.32% | 0.92% |
| Coal India Ltd. | 0.87% | 1.65% |
| Divis Laboratories Ltd. | 1.26% | 0.75% |
| IDFC First Bank Limited | 0.95% | 0.69% |
| Punjab National Bank | 1.27% | 0.69% |
| NMDC Limited | 0.67% | 0.75% |
| Steel Authority Of India Ltd. | 0.60% | 0.84% |
| ICICI Bank Ltd. | 5.04% | 0.59% |
| ITC LIMITED | 0.59% | 0.76% |
| Infosys Limited | 0.57% | 0.96% |
| Varun Beverages Ltd | 0.56% | 0.91% |
| ADANI ENTERPRISES LIMTIED | 0.49% | 0.63% |
| Larsen and Toubro Ltd. | 0.54% | 0.49% |
| Kotak Mahindra Bank Limited | 1.44% | 0.48% |
| Hindalco Industries Ltd. | 0.73% | 0.46% |
| Bharat Heavy Electricals Ltd. | 0.46% | 1.35% |
| Bharat Electronics Ltd. | 0.46% | 0.89% |
| Glenmark Pharmaceuticals Ltd. | 0.46% | 0.69% |
| Ambuja Cements Ltd. | 0.44% | 0.85% |
| Multi Commodity Exchange of India L | 0.44% | 0.89% |
| Mahindra & Mahindra Ltd. | 0.43% | 0.52% |
| Maruti Suzuki India Limited | 0.42% | 0.61% |
| Power Finance Corporation Ltd. | 0.41% | 1.51% |
| Life Insurance Corporation of India | 0.40% | 0.52% |
| Marico Ltd. | 0.57% | 0.39% |
| Hindustan Unilever Ltd. | 1.43% | 0.39% |
| Bank of Baroda | 0.74% | 0.37% |
| NTPC Limited | 0.74% | 0.37% |
| Eicher Motors Ltd. | 0.58% | 0.36% |
| Tata Motors Passenger Vehicles Limited | 0.36% | 0.42% |
| Biocon Ltd. | 0.37% | 0.34% |
| Indus Towers Limited | 0.81% | 0.33% |
| Hindustan Petroleum Corp. Ltd. | 0.32% | 0.31% |
| Jio Financial Services Limited | 0.31% | 1.07% |
| The Tata Power Company Ltd. | 0.30% | 0.37% |
| Indian Oil Corporation Ltd. | 0.48% | 0.29% |
| Apollo Hospitals Enterprise Ltd. | 0.59% | 0.29% |
| Punjab National Bank | 0.29% | 0.41% |
| Cummins India Ltd. | 0.29% | 1.25% |
| Yes Bank Ltd. | 0.29% | 0.35% |
| Indian Hotels Company Ltd. | 0.27% | 0.96% |
| Titan Company Ltd. | 0.24% | 0.31% |
| LIC Housing Finance Ltd. | 0.48% | 0.24% |
| Hindustan Aeronautics Limited | 0.29% | 0.24% |
| TVS Motor Company Ltd. | 1.10% | 0.23% |
| Coforge Limited | 0.23% | 0.37% |
| APL Apollo Tubes Ltd. | 0.23% | 1.37% |
| Adani Power (Mundra) Limited | 0.23% | 1.10% |
| UltraTech Cement Limited | 0.21% | 0.30% |
| Adani Energy Solutions Limited | 0.19% | 1.31% |
| Adani Green Energy Limited | 0.18% | 0.97% |
| Alkem Laboratories Ltd. | 0.18% | 0.29% |
| Aurobindo Pharma Ltd. | 0.17% | 0.23% |
| Eternal Limited | 0.17% | 0.17% |
| UPL Ltd. | 0.16% | 0.39% |
| Torrent Pharmaceuticals Ltd. | 0.16% | 0.21% |
| Bajaj Auto Limited | 0.18% | 0.15% |
| Lupin Ltd. | 0.15% | 0.51% |
| Bajaj Finserv Ltd. | 0.15% | 0.31% |
| InterGlobe Aviation Ltd. | 0.62% | 0.14% |
| Samvardhana Motherson International Ltd. | 0.14% | 0.37% |
| GE Vernova T&D India Limited | 0.27% | 0.13% |
| Cipla Ltd. | 0.13% | 0.20% |
| Bandhan Bank Ltd. | 0.13% | 0.46% |
| Patanjali Foods Limited | 0.13% | 0.33% |
| Godrej Properties Ltd. | 0.26% | 0.13% |
| Tata Consumer Products Limited | 0.49% | 0.12% |
| Ashok Leyland Ltd | 0.29% | 0.12% |
| The Federal Bank Ltd. | 0.11% | 0.34% |
| Indusind Bank Ltd. | 0.10% | 0.25% |
| Central Depository Services (India) Ltd. | 0.19% | 0.10% |
| Bank of India | 0.26% | 0.10% |
| HDFC Life Insurance Company Limited | 0.38% | 0.10% |
| INFO EDGE (INDIA) LIMITED | 0.37% | 0.10% |
| One 97 Communications Limited | 0.10% | 0.09% |
| Delhivery Limited | 0.09% | 0.17% |
| Voltas Ltd. | 0.21% | 0.09% |
| Bharat Forge Ltd. | 0.35% | 0.08% |
| Grasim Industries Ltd. | 0.19% | 0.08% |
| Asian Paints Limited | 0.28% | 0.08% |
| Max Financial Services Ltd. | 0.08% | 0.23% |
| Shriram Finance Ltd. | 0.08% | 0.25% |
| Tube Investments of India Ltd. | 0.08% | 0.15% |
| Aditya Birla Capital ltd. | 0.33% | 0.08% |
| INOX Wind Limited | 0.16% | 0.07% |
| Kalyan Jewellers India Ltd | 0.39% | 0.07% |
| Indian Energy Exchange Limited | 0.26% | 0.07% |
| Sun Pharmaceutical Industries Ltd. | 0.07% | 0.23% |
| Fortis Healthcare Limited | 0.07% | 0.24% |
| JSW Energy Ltd. | 0.07% | 0.32% |
| Avenue Supermarts Ltd. | 0.07% | 0.09% |
| Oil & Natural Gas Corporation Ltd. | 0.07% | 0.13% |
| Pidilite Industries Ltd. | 0.23% | 0.06% |
| PNB Housing Finance Ltd. | 0.08% | 0.06% |
| SBI Life Insurance Company Ltd. | 0.06% | 0.09% |
| Solar Industries India Ltd. | 0.06% | 0.22% |
| Au Small Finance Bank Ltd. | 0.06% | 0.17% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.62% | 0.06% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 0.05% |
| National Aluminium Co. Ltd. | 0.05% | 0.06% |
| Muthoot Finance Ltd. | 0.05% | 0.32% |
| Jindal Steel Limited. | 0.05% | 0.35% |
| Union Bank of India | 0.07% | 0.04% |
| MphasiS Limited. | 0.05% | 0.04% |
| Swiggy Limited | 0.04% | 0.25% |
| Container Corporation of India Ltd. | 0.04% | 0.25% |
| Tata Consultancy Services Ltd. | 0.04% | 0.30% |
| GMR Airports Limited | 0.04% | 0.21% |
| Trent Ltd. | 0.04% | 0.12% |
| GAIL (India) Ltd. | 0.07% | 0.04% |
| Dabur India Ltd. | 0.03% | 0.09% |
| Bombay Stock Exchange Limited (BSE) | 0.03% | 0.07% |
| Nestle India Ltd. | 0.03% | 0.15% |
| HCL Technologies Ltd. | 0.03% | 0.18% |
| NBCC (India) Limited | 0.03% | 0.03% |
| SRF Ltd. | 0.03% | 0.03% |
| Bharat Petroleum Corporation Ltd. | 0.23% | 0.03% |
| Sagility Limited | 0.05% | 0.02% |
| PG Electroplast Limited | 0.08% | 0.02% |
| Suzlon Energy Ltd | 0.02% | 0.04% |
| Hindustan Zinc Ltd. | 0.02% | 0.04% |
| Crompton Greaves Consumer Elec. Ltd. | 0.02% | 0.32% |
| PB Fintech Limited | 0.02% | 0.06% |
| Manappuram Finance Ltd. | 0.02% | 0.57% |
| Radico Khaitan Limited | 0.13% | 0.02% |
| Computer Age Management Services | 0.05% | 0.02% |
| Supreme Industries Ltd. | 0.07% | 0.01% |
| United Spirits Limited | 0.05% | 0.01% |
| Amber Enterprises India Ltd. | 0.04% | 0.01% |
| Page Industries Ltd | 0.02% | 0.01% |
| Astral Limited | 0.01% | 0.06% |
| Hitachi Energy India Ltd. | 0.01% | 0.22% |
| Colgate-Palmolive ( I ) Ltd. | 0.01% | 0.11% |
| Polycab India Limited | 0.01% | 0.03% |
| Angel One Ltd. | 0.01% | 0.01% |
| Adani Ports & Special Economic Zone | 0.01% | 0.12% |
| Power Grid Corporation of India Ltd. | 0.01% | 0.10% |
| Laurus Labs Ltd. | 0.01% | 0.16% |
| RBL Bank Ltd. | 0.01% | 0.04% |
| Zydus Lifesciences Limited | 0.01% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.3% means 48.3% 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 HDFC Arbitrage Fund
| Security | % of fund |
|---|---|
| HDFC Money Market Fund - Direct Plan - Growth Option | 9.14% |
| HDFC Liquid Fund - Direct Plan - Growth Option | 3.75% |
| HDFC Ultra Short Term Fund - Direct Plan - Growth Option | 2.85% |
| HDFC Ultra Short to Short Term Fund - Direct Plan - Growth Option | 2.64% |
| Indian Overseas Bank | 1.15% |
Largest holdings only in ICICI Prudential Arbitrage Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Money Market Fund - Direct Plan - Growth | 14.97% |
| Union Bank Of India | 1.78% |
| HDFC Bank Ltd. | 1.37% |
| Small Industries Development Bank Of India. | 1.10% |
| NABARD | 0.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Arbitrage | ICICI Prudential Arbitrage |
|---|---|---|
| Equity | 67.5% | 71.1% |
| Debt | 9.0% | 11.9% |
| Cash and others | 23.4% | 17.0% |
Market cap of stocks
| Market cap | HDFC Arbitrage | ICICI Prudential Arbitrage |
|---|---|---|
| Large Cap | 55.6% | 54.2% |
| Mid Cap | 10.3% | 14.7% |
| Small Cap | 1.7% | 2.2% |
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 | HDFC Arbitrage | ICICI Prudential Arbitrage |
|---|---|---|
| Banks | 22.2% | 14.4% |
| Finance | 4.3% | 6.1% |
| Telecom - Services | 5.2% | 5.4% |
| Petroleum Products | 4.4% | 5.1% |
| Power | 1.7% | 4.5% |
| Ferrous Metals | 4.5% | 3.6% |
| Pharmaceuticals & Biotechnology | 3.0% | 3.7% |
| Automobiles | 3.1% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Arbitrage vs ICICI Prudential Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Arbitrage Fund | ICICI Prudential Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.48% | 1.63% |
| Base expense ratio (Direct) | 0.34% | 0.34% |
| Total expense ratio (Regular) | 2.02% | 2.16% |
| Base expense ratio (Regular) | 0.80% | 0.79% |
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 HDFC Arbitrage with
HDFC Arbitrage Fund vs ICICI Prudential Arbitrage Fund: Frequently Asked Questions
What is the difference between HDFC Arbitrage Fund and ICICI Prudential Arbitrage Fund?
Both are Arbitrage funds, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 48.3%. HDFC Arbitrage Fund charges 1.48% a year and ICICI Prudential Arbitrage Fund 1.63%.
Which has given higher returns, HDFC Arbitrage Fund or ICICI Prudential Arbitrage Fund?
Over 1 year: HDFC Arbitrage Fund +6.66%, ICICI Prudential Arbitrage Fund +6.62%. Over 3 years: HDFC Arbitrage Fund +7.26% a year, ICICI Prudential Arbitrage Fund +7.27% a year. Over 5 years: HDFC Arbitrage Fund +6.73% a year, ICICI Prudential Arbitrage Fund +6.77% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Arbitrage Fund or ICICI Prudential Arbitrage Fund?
HDFC Arbitrage Fund charges less: 1.48% a year against 1.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Arbitrage Fund and ICICI Prudential Arbitrage Fund overlap?
48.3%. They hold 150 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Arbitrage Fund or ICICI Prudential Arbitrage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,30,981 in HDFC Arbitrage Fund (XIRR 7.1% a year) and ₹7,31,362 in ICICI Prudential Arbitrage Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Arbitrage Fund and ICICI Prudential Arbitrage Fund?
Yes. 48.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Arbitrage Fund and ICICI Prudential Arbitrage Fund?
HDFC Arbitrage Fund: Nandita Menezes, Arun Agarwal, Anil Bamboli, Gopal Agrawal. ICICI Prudential Arbitrage Fund: Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia.
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.