Helios Arbitrage Fund vs Old Bridge Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Arbitrage Fund and Old Bridge Arbitrage Fund are both Arbitrage funds. Helios Arbitrage Fund charges 1.76% a year and Old Bridge Arbitrage Fund 1.09% (Direct plans). Their portfolios overlap 39.9%: they hold 26 of the same securities.
Which is better, Helios Arbitrage 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.
- Old Bridge Arbitrage costs less: 1.09% a year against 1.76% (Direct plans).
- Helios Arbitrage fell less in its worst fall since 23-03-2026: −0.5% against −0.7%.
- Old Bridge Arbitrage is the larger fund: ₹254 Cr against ₹133 Cr.
- Their portfolios overlap 39.9%: 26 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 | Old Bridge Arbitrage Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | Old Bridge Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹133 Cr (30-09-2026) | ₹254 Cr (30-09-2026) |
| NAV | ₹10.36 (Direct) | ₹10.62 (Direct) |
| Expense ratio (Direct) | 1.76% | 1.09% |
| Expense ratio (Regular) | 2.28% | 1.94% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage TRI |
| Launch date | 20-03-2026 | 13-11-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Kenneth Joseph Andrade |
| Exit load | Exit load of 0.25%, if redeemed within 7 Days. | Exit load of 0.25%, if redeemed within 7 Days. |
Helios Arbitrage 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 |
|---|---|---|---|---|---|---|---|
| Helios Arbitrage Fund (Direct) | +0.58% | +1.37% | +2.98% | -- | -- | -- | -- |
| 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.
Helios Arbitrage vs Old Bridge Arbitrage: Year-wise Returns
| Year | HeliosHelios Arbitrage | Old BridgeOld Bridge Arbitrage |
|---|---|---|
| 2026to date | -- | +5.31% |
Helios Arbitrage vs Old Bridge Arbitrage: Rolling Returns
Every holding period of both funds
Helios Arbitrage vs Old Bridge Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Helios Arbitrage Fund (Direct) | Old Bridge Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.84% | +6.43% |
| Standard deviation | 1.99% | 1.68% |
| Sharpe ratio | 0.29 | 0.71 |
| Sortino ratio | 0.43 | 1.06 |
| Maximum drawdown | −0.5% (04-09-2026) | −0.7% (29-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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)
Old Bridge Arbitrage Fund (Direct)
| 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% |
| Old Bridge Arbitrage Fund (Direct) | −0.7% | 18-05-2026 | 29-05-2026 | 04-06-2026 | 6 days | −0.1% |
From daily values since 23-03-2026, the first day every fund has.
Helios Arbitrage vs Old Bridge Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Arbitrage Fund, September 2026; Old Bridge Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 39.9%
- Held by both
- 26
- Only in Helios Arbitrage
- 9
- Only in Old Bridge Arbitrage
- 71
| Security | % of Helios Arbitrage | % of Old Bridge Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 5.80% | 5.43% |
| ICICI Bank Ltd. | 5.78% | 5.25% |
| HDFC Bank Ltd. | 6.93% | 4.76% |
| 364 DAY T-BILL 13.05.27 | 3.63% | 5.70% |
| Tata Steel Ltd. | 4.77% | 2.44% |
| Axis Bank Ltd. | 5.59% | 2.36% |
| Bharti Airtel Ltd. | 1.95% | 3.72% |
| State Bank of India | 4.22% | 1.33% |
| HDFC Asset Management Co. Ltd. | 1.24% | 1.89% |
| Jio Financial Services Ltd. | 1.80% | 1.23% |
| Hindalco Industries Ltd. | 1.74% | 1.22% |
| Canara Bank | 3.64% | 1.18% |
| Punjab National Bank | 0.95% | 1.46% |
| Bank of Baroda | 2.13% | 0.90% |
| Multi Commodity Exchange of India Ltd. | 1.34% | 0.82% |
| Indus Towers Ltd. | 0.81% | 3.73% |
| Larsen & Toubro Ltd. | 3.51% | 0.80% |
| Crompton Greaves Consumer Electricals Ltd. | 1.62% | 0.64% |
| Power Finance Corporation Ltd. | 0.64% | 0.88% |
| Bank of India | 1.17% | 0.51% |
| Jindal Steel Ltd. | 2.72% | 0.48% |
| Bajaj Finance Ltd. | 0.65% | 0.48% |
| Asian Paints Ltd. | 0.41% | 0.43% |
| Union Bank of India | 0.68% | 0.27% |
| Ashok Leyland Ltd. | 2.55% | 0.15% |
| Maruti Suzuki India Ltd. | 0.18% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.9% means 39.9% 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 |
|---|---|
| Life Insurance Corporation of India | 5.58% |
| Eicher Motors Ltd. | 4.36% |
| 364 DAY T-BILL 28.01.27 | 3.69% |
| 364 DAY T-BILL 11.03.27 | 3.67% |
| 364 DAY T-BILL 06.05.27 | 3.63% |
Largest holdings only in Old Bridge Arbitrage Fund
| Security | % of fund |
|---|---|
| Shriram Finance Limited | 2.97% |
| IDFC First Bank Limited | 2.23% |
| 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% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Arbitrage | Old Bridge Arbitrage |
|---|---|---|
| Equity | 75.3% | 79.4% |
| Debt | 21.8% | 11.5% |
| Cash and others | 2.9% | 9.1% |
Market cap of stocks
| Market cap | Helios Arbitrage | Old Bridge Arbitrage |
|---|---|---|
| Large Cap | 68.6% | 64.1% |
| Mid Cap | 5.1% | 13.3% |
| Small Cap | 1.6% | 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 | Helios Arbitrage | Old Bridge Arbitrage |
|---|---|---|
| Banks | 31.1% | 22.2% |
| Finance | 4.5% | 7.5% |
| Ferrous Metals | 7.5% | 4.4% |
| Telecom - Services | 2.8% | 7.5% |
| Petroleum Products | 5.8% | 5.5% |
| Insurance | 5.6% | 1.1% |
| Automobiles | 4.5% | 0.2% |
| Pharmaceuticals & Biotechnology | 1.2% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Arbitrage vs Old Bridge Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Arbitrage Fund | Old Bridge Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.76% | 1.09% |
| Base expense ratio (Direct) | 0.42% | 0.12% |
| Total expense ratio (Regular) | 2.28% | 1.94% |
| Base expense ratio (Regular) | 0.87% | 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
Compare Helios Arbitrage with
Helios Arbitrage Fund vs Old Bridge Arbitrage Fund: Frequently Asked Questions
What is the difference between Helios Arbitrage Fund and Old Bridge Arbitrage Fund?
Both are Arbitrage funds, run by Helios Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 39.9%. Helios Arbitrage Fund charges 1.76% a year and Old Bridge Arbitrage Fund 1.09%.
Which has the lower expense ratio, Helios Arbitrage Fund or Old Bridge Arbitrage Fund?
Old Bridge Arbitrage Fund charges less: 1.09% a year against 1.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Arbitrage Fund and Old Bridge Arbitrage Fund overlap?
39.9%. They hold 26 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Helios Arbitrage Fund or Old Bridge Arbitrage Fund?
On SEBI's riskometer, Helios Arbitrage Fund is rated Low and Old Bridge Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.99% and 1.68% a year.
Can I invest in both Helios Arbitrage Fund and Old Bridge Arbitrage Fund?
Yes. 39.9% 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 Old Bridge Arbitrage Fund?
Helios Arbitrage Fund: Alok Bahl, Pratik Singh. 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.