HDFC Arbitrage Fund vs SBI Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Arbitrage Fund and SBI Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, HDFC Arbitrage Fund (Direct) returned 7.3% a year and SBI Arbitrage Fund (Direct) returned 7.2% a year. HDFC Arbitrage Fund charges 1.48% a year and SBI Arbitrage Fund 1.47% (Direct plans). Their portfolios overlap 52.7%: they hold 149 of the same securities.
Which is better, HDFC Arbitrage or SBI Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Arbitrage returned more over 5 years: 6.8% a year against 6.7%.
- HDFC Arbitrage returned more over 3 years: 7.3% a year against 7.2%.
- SBI Arbitrage costs less: 1.47% a year against 1.48% (Direct plans).
- HDFC Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- SBI Arbitrage fell less in its worst fall since 27-03-2014: −0.7% against −0.7%.
- SBI Arbitrage is the larger fund: ₹46,309 Cr against ₹25,407 Cr.
- Their portfolios overlap 52.7%: 149 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 | SBI Arbitrage Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | SBI Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹25,407 Cr (30-09-2026) | ₹46,309 Cr (30-09-2026) |
| NAV | ₹21.93 (Direct) | ₹39.08 (Direct) |
| Expense ratio (Direct) | 1.48% | 1.47% |
| Expense ratio (Regular) | 2.02% | 1.99% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 23-10-2007 | 03-11-2006 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal, Anil Bamboli, Gopal Agrawal | Neeraj Kumar - Equity, Ardhendu Bhattacharya |
| 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. | Exit load of 0.25%, if redeemed within 15 Days. |
HDFC Arbitrage vs SBI 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% |
| SBI Arbitrage Fund (Direct) | +0.56% | +1.53% | +3.22% | +6.59% | +7.24% | +6.83% | +6.24% |
| 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 SBI Arbitrage: Year-wise Returns
| Year | HDFCHDFC Arbitrage | SBISBI Arbitrage |
|---|---|---|
| 2026to date | +5.43% | +5.39% |
| 2025 | +6.93% | +7.05% |
| 2024 | +8.22% | +8.11% |
| 2023 | +7.78% | +7.98% |
| 2022 | +4.73% | +5.09% |
| 2021 | +4.17% | +4.43% |
HDFC Arbitrage vs SBI 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)
SBI 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% |
| SBI Arbitrage | 0.0 | 16.3 | 83.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.6% | 4.3% | 7.8% |
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 SBI 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% |
| SBI ArbitrageSBI Arbitrage Fund (Direct) | ₹15,20,000 | ₹23,18,050 | ₹7,98,050 | 6.4% |
HDFC ArbitrageHDFC Arbitrage Fund (Direct)
SBI ArbitrageSBI 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 SBI 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +6.59% |
| Standard deviation | 1.39% | 1.46% |
| Sharpe ratio | 1.01 | 0.92 |
| Sortino ratio | 1.55 | 1.41 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.26% | +7.24% |
| Standard deviation | 1.10% | 1.12% |
| Sharpe ratio | 1.12 | 1.09 |
| Sortino ratio | 1.71 | 1.66 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.73% | +6.83% |
| Standard deviation | 1.01% | 1.03% |
| Sharpe ratio | 0.92 | 1.01 |
| Sortino ratio | 1.39 | 1.53 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.43% | +6.84% |
| Standard deviation | 1.02% | 1.07% |
| Sharpe ratio | 0.60 | 0.74 |
| Sortino ratio | 0.87 | 1.11 |
| Maximum drawdown | −0.7% (25-03-2020) | −0.7% (25-03-2020) |
| 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)
SBI 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% |
| SBI Arbitrage Fund (Direct) | −0.7% | 16-03-2020 | 25-03-2020 | 15-04-2020 | 21 days | −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)
SBI 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)
SBI 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)
SBI Arbitrage Fund (Direct)
HDFC Arbitrage vs SBI Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Arbitrage Fund, September 2026; SBI Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 52.7%
- Held by both
- 149
- Only in HDFC Arbitrage
- 20
- Only in SBI Arbitrage
- 47
| Security | % of HDFC Arbitrage | % of SBI Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 5.04% | 4.92% |
| Reliance Industries Ltd. | 3.39% | 5.58% |
| ICICI Bank Ltd. | 5.04% | 2.75% |
| Bharti Airtel Ltd. | 3.31% | 2.39% |
| Axis Bank Ltd. | 2.87% | 2.31% |
| State Bank of India | 2.30% | 3.68% |
| JSW Steel Ltd. | 2.32% | 1.58% |
| Bajaj Finance Ltd. | 1.80% | 1.57% |
| Tata Steel Ltd. | 1.55% | 1.59% |
| Divis Laboratories Ltd. | 1.26% | 1.09% |
| VODAFONE IDEA LIMITED | 1.03% | 1.10% |
| Canara Bank | 1.52% | 0.89% |
| Coal India Ltd. | 0.87% | 0.90% |
| Kotak Mahindra Bank Limited | 1.44% | 0.85% |
| Punjab National Bank | 1.27% | 0.78% |
| Bank of Baroda | 0.74% | 0.78% |
| IDFC First Bank Limited | 0.95% | 0.73% |
| Indus Towers Limited | 0.81% | 0.61% |
| ITC LIMITED | 0.59% | 0.93% |
| Infosys Limited | 0.57% | 0.59% |
| Hindustan Unilever Ltd. | 1.43% | 0.56% |
| Varun Beverages Ltd | 0.56% | 0.76% |
| NTPC Limited | 0.74% | 0.55% |
| Hindalco Industries Ltd. | 0.73% | 0.54% |
| Larsen and Toubro Ltd. | 0.54% | 0.87% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.62% | 0.49% |
| Tata Consumer Products Limited | 0.49% | 0.62% |
| ADANI ENTERPRISES LIMTIED | 0.49% | 1.41% |
| Indian Oil Corporation Ltd. | 0.48% | 0.56% |
| Steel Authority Of India Ltd. | 0.60% | 0.46% |
| Bharat Heavy Electricals Ltd. | 0.46% | 0.72% |
| Bharat Electronics Ltd. | 0.46% | 1.36% |
| Glenmark Pharmaceuticals Ltd. | 0.46% | 0.48% |
| Ambuja Cements Ltd. | 0.44% | 0.59% |
| Mahindra & Mahindra Ltd. | 0.43% | 0.44% |
| NMDC Limited | 0.67% | 0.42% |
| Maruti Suzuki India Limited | 0.42% | 0.60% |
| Multi Commodity Exchange of India L | 0.44% | 0.41% |
| Power Finance Corporation Ltd. | 0.41% | 0.88% |
| Kalyan Jewellers India Ltd | 0.39% | 0.46% |
| Life Insurance Corporation of India | 0.40% | 0.38% |
| Biocon Ltd. | 0.37% | 0.37% |
| INFO EDGE (INDIA) LIMITED | 0.37% | 0.39% |
| Tata Motors Passenger Vehicles Limited | 0.36% | 0.52% |
| Eicher Motors Ltd. | 0.58% | 0.35% |
| Aditya Birla Capital ltd. | 0.33% | 0.31% |
| Jio Financial Services Limited | 0.31% | 0.77% |
| The Tata Power Company Ltd. | 0.30% | 0.64% |
| Hindustan Aeronautics Limited | 0.29% | 1.16% |
| Cummins India Ltd. | 0.29% | 0.41% |
| Apollo Hospitals Enterprise Ltd. | 0.59% | 0.27% |
| Indian Hotels Company Ltd. | 0.27% | 0.70% |
| Godrej Properties Ltd. | 0.26% | 0.24% |
| Titan Company Ltd. | 0.24% | 0.32% |
| Coforge Limited | 0.23% | 0.32% |
| APL Apollo Tubes Ltd. | 0.23% | 0.38% |
| Adani Power (Mundra) Limited | 0.23% | 1.03% |
| Bank of India | 0.26% | 0.22% |
| UltraTech Cement Limited | 0.21% | 0.42% |
| HDFC Life Insurance Company Limited | 0.38% | 0.19% |
| Adani Energy Solutions Limited | 0.19% | 0.81% |
| Adani Green Energy Limited | 0.18% | 0.99% |
| Bajaj Auto Limited | 0.18% | 0.27% |
| TVS Motor Company Ltd. | 1.10% | 0.17% |
| GE Vernova T&D India Limited | 0.27% | 0.17% |
| Aurobindo Pharma Ltd. | 0.17% | 0.34% |
| Eternal Limited | 0.17% | 0.16% |
| Torrent Pharmaceuticals Ltd. | 0.16% | 0.32% |
| Ashok Leyland Ltd | 0.29% | 0.14% |
| Central Depository Services (India) Ltd. | 0.19% | 0.14% |
| Samvardhana Motherson International Ltd. | 0.14% | 0.71% |
| Cipla Ltd. | 0.13% | 0.13% |
| Bandhan Bank Ltd. | 0.13% | 0.19% |
| Patanjali Foods Limited | 0.13% | 0.21% |
| LIC Housing Finance Ltd. | 0.48% | 0.12% |
| Hindustan Petroleum Corp. Ltd. | 0.32% | 0.12% |
| Bharat Forge Ltd. | 0.35% | 0.11% |
| The Federal Bank Ltd. | 0.11% | 0.74% |
| InterGlobe Aviation Ltd. | 0.62% | 0.10% |
| Lupin Ltd. | 0.15% | 0.10% |
| Indusind Bank Ltd. | 0.10% | 0.43% |
| One 97 Communications Limited | 0.10% | 0.21% |
| Marico Ltd. | 0.57% | 0.09% |
| Asian Paints Limited | 0.28% | 0.09% |
| Bharat Petroleum Corporation Ltd. | 0.23% | 0.09% |
| Voltas Ltd. | 0.21% | 0.09% |
| Alkem Laboratories Ltd. | 0.18% | 0.09% |
| INOX Wind Limited | 0.16% | 0.09% |
| UPL Ltd. | 0.16% | 0.09% |
| Delhivery Limited | 0.09% | 0.11% |
| Bajaj Finserv Ltd. | 0.15% | 0.08% |
| Max Financial Services Ltd. | 0.08% | 0.09% |
| PNB Housing Finance Ltd. | 0.08% | 0.12% |
| Shriram Finance Ltd. | 0.08% | 0.45% |
| Sun Pharmaceutical Industries Ltd. | 0.07% | 0.22% |
| Fortis Healthcare Limited | 0.07% | 0.16% |
| JSW Energy Ltd. | 0.07% | 0.14% |
| Avenue Supermarts Ltd. | 0.07% | 0.30% |
| Supreme Industries Ltd. | 0.07% | 0.08% |
| Oil & Natural Gas Corporation Ltd. | 0.07% | 0.14% |
| Union Bank of India | 0.07% | 0.37% |
| Tube Investments of India Ltd. | 0.08% | 0.06% |
| GAIL (India) Ltd. | 0.07% | 0.06% |
| SBI Life Insurance Company Ltd. | 0.06% | 0.07% |
| Solar Industries India Ltd. | 0.06% | 0.38% |
| Au Small Finance Bank Ltd. | 0.06% | 0.21% |
| Indian Energy Exchange Limited | 0.26% | 0.05% |
| DLF LIMITED | 0.07% | 0.05% |
| National Aluminium Co. Ltd. | 0.05% | 0.09% |
| MphasiS Limited. | 0.05% | 0.15% |
| Muthoot Finance Ltd. | 0.05% | 0.16% |
| Jindal Steel Limited. | 0.05% | 0.16% |
| United Spirits Limited | 0.05% | 0.06% |
| Radico Khaitan Limited | 0.13% | 0.04% |
| PG Electroplast Limited | 0.08% | 0.04% |
| Swiggy Limited | 0.04% | 0.21% |
| Container Corporation of India Ltd. | 0.04% | 0.15% |
| Amber Enterprises India Ltd. | 0.04% | 0.07% |
| Tata Consultancy Services Ltd. | 0.04% | 0.20% |
| GMR Airports Limited | 0.04% | 0.40% |
| Trent Ltd. | 0.04% | 0.05% |
| Grasim Industries Ltd. | 0.19% | 0.03% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 0.03% |
| Dabur India Ltd. | 0.03% | 0.18% |
| NBCC (India) Limited | 0.03% | 0.17% |
| Bombay Stock Exchange Limited (BSE) | 0.03% | 0.07% |
| Nestle India Ltd. | 0.03% | 0.03% |
| SRF Ltd. | 0.03% | 0.19% |
| HCL Technologies Ltd. | 0.03% | 0.27% |
| Pidilite Industries Ltd. | 0.23% | 0.02% |
| Sagility Limited | 0.05% | 0.02% |
| Computer Age Management Services | 0.05% | 0.02% |
| Suzlon Energy Ltd | 0.02% | 0.15% |
| Hindustan Zinc Ltd. | 0.02% | 0.17% |
| Oil India Limited | 0.02% | 0.07% |
| Crompton Greaves Consumer Elec. Ltd. | 0.02% | 0.32% |
| PB Fintech Limited | 0.02% | 0.07% |
| Manappuram Finance Ltd. | 0.02% | 0.45% |
| Astral Limited | 0.01% | 0.13% |
| Zydus Lifesciences Limited | 0.01% | 0.02% |
| Hitachi Energy India Ltd. | 0.01% | 0.27% |
| Colgate-Palmolive ( I ) Ltd. | 0.01% | 0.04% |
| Motilal Oswal Financial Services Ltd. | 0.01% | 0.01% |
| Polycab India Limited | 0.01% | 0.09% |
| Angel One Ltd. | 0.01% | 0.04% |
| Adani Ports & Special Economic Zone | 0.01% | 0.46% |
| Power Grid Corporation of India Ltd. | 0.01% | 0.13% |
| Laurus Labs Ltd. | 0.01% | 0.18% |
| RBL Bank Ltd. | 0.01% | 0.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.7% means 52.7% 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% |
| Union Bank of India | 3.84% |
| 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% |
Largest holdings only in SBI Arbitrage Fund
| Security | % of fund |
|---|---|
| SBI Liquid Fund - DIRECT PLAN -Growth Option | 7.25% |
| SBI Money Market Fund - Direct Plan - Growth Option | 7.06% |
| HDFC Bank Ltd. | 2.54% |
| Bank of Baroda | 1.06% |
| Union Bank of India | 1.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Arbitrage | SBI Arbitrage |
|---|---|---|
| Equity | 67.5% | 77.2% |
| Debt | 9.0% | 6.5% |
| Cash and others | 23.4% | 16.4% |
Market cap of stocks
| Market cap | HDFC Arbitrage | SBI Arbitrage |
|---|---|---|
| Large Cap | 55.6% | 61.8% |
| Mid Cap | 10.3% | 13.2% |
| Small Cap | 1.7% | 2.1% |
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 | SBI Arbitrage |
|---|---|---|
| Banks | 22.2% | 20.0% |
| Petroleum Products | 4.4% | 6.3% |
| Finance | 4.3% | 5.7% |
| Telecom - Services | 5.2% | 4.1% |
| Ferrous Metals | 4.5% | 3.8% |
| Power | 1.7% | 4.3% |
| Automobiles | 3.1% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Arbitrage vs SBI Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Arbitrage Fund | SBI Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.48% | 1.47% |
| Base expense ratio (Direct) | 0.34% | 0.34% |
| Total expense ratio (Regular) | 2.02% | 1.99% |
| Base expense ratio (Regular) | 0.80% | 0.78% |
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 SBI Arbitrage Fund: Frequently Asked Questions
What is the difference between HDFC Arbitrage Fund and SBI Arbitrage Fund?
Both are Arbitrage funds, run by HDFC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 52.7%. HDFC Arbitrage Fund charges 1.48% a year and SBI Arbitrage Fund 1.47%.
Which has given higher returns, HDFC Arbitrage Fund or SBI Arbitrage Fund?
Over 1 year: HDFC Arbitrage Fund +6.66%, SBI Arbitrage Fund +6.59%. Over 3 years: HDFC Arbitrage Fund +7.26% a year, SBI Arbitrage Fund +7.24% a year. Over 5 years: HDFC Arbitrage Fund +6.73% a year, SBI Arbitrage Fund +6.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Arbitrage Fund or SBI Arbitrage Fund?
SBI Arbitrage Fund charges less: 1.47% a year against 1.48%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Arbitrage Fund and SBI Arbitrage Fund overlap?
52.7%. They hold 149 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC Arbitrage Fund or SBI Arbitrage Fund?
On SEBI's riskometer, HDFC Arbitrage Fund is rated Low and SBI Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.10% and 1.12% a year.
Which is better for SIP, HDFC Arbitrage Fund or SBI 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 ₹7,31,848 in SBI 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 SBI Arbitrage Fund?
Yes. 52.7% 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 SBI Arbitrage Fund?
HDFC Arbitrage Fund: Nandita Menezes, Arun Agarwal, Anil Bamboli, Gopal Agrawal. SBI Arbitrage Fund: Neeraj Kumar - Equity, Ardhendu Bhattacharya.
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.