Helios Arbitrage Fund vs Tata Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Arbitrage Fund and Tata Arbitrage Fund are both Arbitrage funds. Helios Arbitrage Fund charges 1.76% a year and Tata Arbitrage Fund 1.57% (Direct plans). Their portfolios overlap 30.2%: they hold 29 of the same securities.
Which is better, Helios Arbitrage or Tata Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Arbitrage costs less: 1.57% a year against 1.76% (Direct plans).
- Tata Arbitrage fell less in its worst fall since 23-03-2026: −0.4% against −0.5%.
- Helios Arbitrage holds more in large companies: 68.6% of the fund in large caps against 50.0%.
- Tata Arbitrage is the larger fund: ₹24,539 Cr against ₹133 Cr.
- Their portfolios overlap 30.2%: 29 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 | Tata Arbitrage Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | Tata Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹133 Cr (30-09-2026) | ₹24,539 Cr (30-09-2026) |
| NAV | ₹10.36 (Direct) | ₹16.46 (Direct) |
| Expense ratio (Direct) | 1.76% | 1.57% |
| Expense ratio (Regular) | 2.28% | 2.25% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 20-03-2026 | 18-12-2018 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Sailesh Jain |
| Exit load | Exit load of 0.25%, if redeemed within 7 Days. | Exit load of 0.25%, if redeemed within 15 days. |
Helios Arbitrage vs Tata 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% | -- | -- | -- | -- |
| Tata Arbitrage Fund (Direct) | +0.50% | +1.52% | +3.24% | +6.77% | +7.43% | +6.90% | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Helios Arbitrage vs Tata Arbitrage: Year-wise Returns
| Year | HeliosHelios Arbitrage | TataTata Arbitrage |
|---|---|---|
| 2026to date | -- | +5.46% |
| 2025 | -- | +7.26% |
| 2024 | -- | +8.36% |
| 2023 | -- | +7.93% |
| 2022 | -- | +4.86% |
| 2021 | -- | +4.54% |
Helios Arbitrage vs Tata Arbitrage: Rolling Returns
Every holding period of both funds
Helios Arbitrage vs Tata 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) | Tata Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.84% | +6.55% |
| Standard deviation | 1.99% | 1.01% |
| Sharpe ratio | 0.29 | 1.32 |
| Sortino ratio | 0.43 | 2.01 |
| Maximum drawdown | −0.5% (04-09-2026) | −0.6% (03-06-2020) |
| 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)
Tata 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% |
| Tata Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
From daily values since 23-03-2026, the first day every fund has.
Helios Arbitrage vs Tata Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Arbitrage Fund, September 2026; Tata Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 30.2%
- Held by both
- 29
- Only in Helios Arbitrage
- 6
- Only in Tata Arbitrage
- 152
| Security | % of Helios Arbitrage | % of Tata Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 6.93% | 7.89% |
| ICICI Bank Ltd. | 5.78% | 4.34% |
| Reliance Industries Ltd. | 5.80% | 4.28% |
| Axis Bank Ltd. | 5.59% | 2.36% |
| Bharti Airtel Ltd. | 1.95% | 1.27% |
| State Bank of India | 4.22% | 1.21% |
| Jio Financial Services Ltd. | 1.80% | 1.20% |
| Canara Bank | 3.64% | 1.09% |
| Hindalco Industries Ltd. | 1.74% | 1.08% |
| Indus Towers Ltd. | 0.81% | 1.21% |
| Tata Steel Ltd. | 4.77% | 0.74% |
| Power Finance Corporation Ltd. | 0.64% | 0.62% |
| HDFC Asset Management Co. Ltd. | 1.24% | 0.56% |
| Punjab National Bank | 0.95% | 0.46% |
| Multi Commodity Exchange of India Ltd. | 1.34% | 0.43% |
| Life Insurance Corporation of India | 5.58% | 0.42% |
| Bank of Baroda | 2.13% | 0.40% |
| Crompton Greaves Consumer Electricals Ltd. | 1.62% | 0.39% |
| Ashok Leyland Ltd. | 2.55% | 0.31% |
| Bajaj Finance Ltd. | 0.65% | 0.27% |
| Bank of India | 1.17% | 0.24% |
| Union Bank of India | 0.68% | 0.19% |
| Muthoot Finance Ltd. | 1.36% | 0.18% |
| Jindal Steel Ltd. | 2.72% | 0.16% |
| Maruti Suzuki India Ltd. | 0.18% | 0.08% |
| Larsen & Toubro Ltd. | 3.51% | 0.06% |
| Asian Paints Ltd. | 0.41% | 0.06% |
| Cipla Ltd. | 1.20% | 0.05% |
| Eicher Motors Ltd. | 4.36% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.2% means 30.2% 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% |
| 364 DAY T-BILL 13.05.27 | 3.63% |
| 364 DAY T-BILL 06.05.27 | 3.63% |
| 364 DAY T-BILL 05.08.27 | 3.58% |
Largest holdings only in Tata Arbitrage Fund
| Security | % of fund |
|---|---|
| TATA MONEY MARKET FUND | 12.05% |
| ** - SMALL INDUST DEVLOP BANK OF INDIA - CD - 23/10/2026 | 2.03% |
| VODAFONE IDEA LTD | 1.50% |
| ** - NABARD - CD - 28/01/2027 | 1.49% |
| ** - NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT - CD - 12/03/2027 | 1.38% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Arbitrage | Tata Arbitrage |
|---|---|---|
| Equity | 75.3% | 64.8% |
| Debt | 21.8% | 21.7% |
| Cash and others | 2.9% | 13.5% |
Market cap of stocks
| Market cap | Helios Arbitrage | Tata Arbitrage |
|---|---|---|
| Large Cap | 68.6% | 50.0% |
| Mid Cap | 5.1% | 12.1% |
| Small Cap | 1.6% | 2.7% |
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 | Tata Arbitrage |
|---|---|---|
| Banks | 31.1% | 21.6% |
| Ferrous Metals | 7.5% | 3.0% |
| Petroleum Products | 5.8% | 5.2% |
| Insurance | 5.6% | 1.4% |
| Automobiles | 4.5% | 1.6% |
| Finance | 4.5% | 3.7% |
| Power | 0.0% | 4.1% |
| Telecom - Services | 2.8% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Arbitrage vs Tata Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.76% | 1.57% |
| Base expense ratio (Direct) | 0.42% | 0.26% |
| Total expense ratio (Regular) | 2.28% | 2.25% |
| Base expense ratio (Regular) | 0.87% | 0.91% |
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 Tata Arbitrage Fund: Frequently Asked Questions
What is the difference between Helios Arbitrage Fund and Tata Arbitrage Fund?
Both are Arbitrage funds, run by Helios Mutual Fund and Tata Mutual Fund. Their portfolios overlap 30.2%. Helios Arbitrage Fund charges 1.76% a year and Tata Arbitrage Fund 1.57%.
Which has the lower expense ratio, Helios Arbitrage Fund or Tata Arbitrage Fund?
Tata Arbitrage Fund charges less: 1.57% a year against 1.76%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Arbitrage Fund and Tata Arbitrage Fund overlap?
30.2%. They hold 29 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 Tata Arbitrage Fund?
On SEBI's riskometer, Helios Arbitrage Fund is rated Low and Tata Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.99% and 1.01% a year.
Can I invest in both Helios Arbitrage Fund and Tata Arbitrage Fund?
Yes. 30.2% 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 Tata Arbitrage Fund?
Helios Arbitrage Fund: Alok Bahl, Pratik Singh. Tata Arbitrage Fund: Sailesh Jain.
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.