Helios Arbitrage Fund vs JioBlackRock Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Arbitrage Fund is an Arbitrage fund and JioBlackRock Large Cap Fund is a Large Cap fund. Helios Arbitrage Fund charges 1.76% a year and JioBlackRock Large Cap Fund 1.33% (Direct plans). Their portfolios overlap 37.6%: they hold 17 of the same securities.
Which is better, Helios Arbitrage or JioBlackRock Large Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JioBlackRock Large Cap costs less: 1.33% a year against 1.76% (Direct plans).
- Helios Arbitrage fell less in its worst fall since 16-04-2026: −0.5% against −9.8%.
- JioBlackRock Large Cap holds more in large companies: 82.5% of the fund in large caps against 68.6%.
- Helios Arbitrage is the larger fund: ₹133 Cr against ₹47 Cr.
- Their portfolios overlap 37.6%: 17 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 | Helios Arbitrage Fund | JioBlackRock Large Cap Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Arbitrage | Large Cap |
| AUM | ₹133 Cr (30-09-2026) | ₹47 Cr (30-09-2026) |
| NAV | ₹10.36 (Direct) | ₹9.42 (Direct) |
| Expense ratio (Direct) | 1.76% | 1.33% |
| Expense ratio (Regular) | 2.28% | 2.41% |
| Riskometer | Low | Very High |
| Benchmark | Nifty 50 Arbitrage TRI | BSE 100 TRI |
| Launch date | 20-03-2026 | 10-04-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Sahil Chaudhary, Tanvi Kacheria |
| Exit load | Exit load of 0.25%, if redeemed within 7 Days. | Nil |
Helios Arbitrage vs JioBlackRock Large Cap: 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 |
|---|---|---|---|---|---|---|---|
| Helios Arbitrage Fund (Direct) | +0.58% | +1.37% | +2.98% | -- | -- | -- | -- |
| JioBlackRock Large Cap Fund (Direct) | −0.26% | −6.44% | −5.00% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds and the 35 Large Cap funds, same plan type.
Helios Arbitrage vs JioBlackRock Large Cap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of JioBlackRock Large Cap Fund
Helios Arbitrage vs JioBlackRock Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Helios Arbitrage Fund (Direct) | JioBlackRock Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.84% | −11.53% |
| Standard deviation | 1.99% | 11.36% |
| Sharpe ratio | 0.29 | -1.48 |
| Sortino ratio | 0.43 | -1.94 |
| Maximum drawdown | −0.5% (04-09-2026) | −9.8% (08-10-2026) |
| Beta | -- | 0.94 |
| Alpha | -- | −5.89% |
From daily NAVs, 23-03-2026 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.
Helios Arbitrage Fund (Direct)
JioBlackRock Large Cap Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Helios Arbitrage Fund (Direct) | −0.5% | 31-08-2026 | 04-09-2026 | 10-09-2026 | 6 days | −0.1% |
| JioBlackRock Large Cap Fund (Direct) | −9.8% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.2% |
| BSE 100 TRI | −9.7% | 06-08-2026 | 08-10-2026 | Not yet | -- | −7.0% |
From daily values since 16-04-2026, the first day every fund has.
Helios Arbitrage vs JioBlackRock Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Arbitrage Fund, September 2026; JioBlackRock Large Cap Fund, September 2026
Holdings in common
- Overlap
- 37.6%
- Held by both
- 17
- Only in Helios Arbitrage
- 18
- Only in JioBlackRock Large Cap
- 57
| Security | % of Helios Arbitrage | % of JioBlackRock Large Cap |
|---|---|---|
| HDFC Bank Ltd. | 6.93% | 7.38% |
| ICICI Bank Ltd. | 5.78% | 7.64% |
| Reliance Industries Ltd. | 5.80% | 4.49% |
| State Bank of India | 4.22% | 5.56% |
| Tata Steel Ltd. | 4.77% | 3.53% |
| Larsen & Toubro Ltd. | 3.51% | 2.45% |
| Life Insurance Corporation of India | 5.58% | 2.34% |
| Bharti Airtel Ltd. | 1.95% | 6.25% |
| Axis Bank Ltd. | 5.59% | 1.45% |
| Punjab National Bank | 0.95% | 1.67% |
| HDFC Asset Management Co. Ltd. | 1.24% | 0.84% |
| Bajaj Finance Ltd. | 0.65% | 1.70% |
| Power Finance Corporation Ltd. | 0.64% | 1.22% |
| Hindalco Industries Ltd. | 1.74% | 0.47% |
| Asian Paints Ltd. | 0.41% | 1.02% |
| Eicher Motors Ltd. | 4.36% | 0.34% |
| Indus Towers Ltd. | 0.81% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.6% means 37.6% 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 Helios Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 DAY T-BILL 28.01.27 | 3.69% |
| 364 DAY T-BILL 11.03.27 | 3.67% |
| Canara Bank | 3.64% |
| 364 DAY T-BILL 13.05.27 | 3.63% |
| 364 DAY T-BILL 06.05.27 | 3.63% |
Largest holdings only in JioBlackRock Large Cap Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Ltd | 3.84% |
| Oil & Natural Gas Corporation Ltd | 2.71% |
| Titan Co Ltd | 2.41% |
| Lupin Ltd | 2.08% |
| Infosys Ltd | 2.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Arbitrage | JioBlackRock Large Cap |
|---|---|---|
| Equity | 75.3% | 99.6% |
| Debt | 21.8% | 0.0% |
| Cash and others | 2.9% | 0.4% |
Market cap of stocks
| Market cap | Helios Arbitrage | JioBlackRock Large Cap |
|---|---|---|
| Large Cap | 68.6% | 82.5% |
| Mid Cap | 5.1% | 15.9% |
| Small Cap | 1.6% | 1.2% |
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 | Helios Arbitrage | JioBlackRock Large Cap |
|---|---|---|
| Banks | 31.1% | 26.1% |
| Ferrous Metals | 7.5% | 5.1% |
| Telecom - Services | 2.8% | 6.4% |
| IT - Software | 0.0% | 6.4% |
| Automobiles | 4.5% | 6.3% |
| Petroleum Products | 5.8% | 6.2% |
| Insurance | 5.6% | 2.3% |
| Finance | 4.5% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Arbitrage vs JioBlackRock Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Arbitrage Fund | JioBlackRock Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.76% | 1.33% |
| Base expense ratio (Direct) | 0.42% | 0.50% |
| Total expense ratio (Regular) | 2.28% | 2.41% |
| Base expense ratio (Regular) | 0.87% | 1.61% |
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 Helios Arbitrage with
Helios Arbitrage Fund vs JioBlackRock Large Cap Fund: Frequently Asked Questions
What is the difference between Helios Arbitrage Fund and JioBlackRock Large Cap Fund?
Helios Arbitrage Fund is an Arbitrage fund, JioBlackRock Large Cap Fund is a Large Cap fund, run by Helios Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 37.6%. Helios Arbitrage Fund charges 1.76% a year and JioBlackRock Large Cap Fund 1.33%.
Which has the lower expense ratio, Helios Arbitrage Fund or JioBlackRock Large Cap Fund?
JioBlackRock Large Cap Fund charges less: 1.33% a year against 1.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Arbitrage Fund and JioBlackRock Large Cap Fund overlap?
37.6%. They hold 17 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Helios Arbitrage Fund or JioBlackRock Large Cap Fund?
On SEBI's riskometer, Helios Arbitrage Fund is rated Low and JioBlackRock Large Cap Fund Very High. Over their common history, the standard deviation of daily returns was 1.99% and 11.36% a year.
Can I invest in both Helios Arbitrage Fund and JioBlackRock Large Cap Fund?
Yes. 37.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Helios Arbitrage Fund and JioBlackRock Large Cap Fund?
Helios Arbitrage Fund: Alok Bahl, Pratik Singh. JioBlackRock Large Cap Fund: Sahil Chaudhary, Tanvi Kacheria.
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.