ICICI Prudential Arbitrage Fund vs Nippon India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Arbitrage Fund and Nippon India Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, ICICI Prudential Arbitrage Fund (Direct) returned 7.3% a year and Nippon India Arbitrage Fund (Direct) returned 7.3% a year. ICICI Prudential Arbitrage Fund charges 1.63% a year and Nippon India Arbitrage Fund 1.35% (Direct plans). Their portfolios overlap 49.9%: they hold 151 of the same securities.
ICICI Prudential Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.63%
- NAV
- ₹40.00
Nippon India Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.35%
- NAV
- ₹31.21
Which is better, ICICI Prudential Arbitrage or Nippon India Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Arbitrage returned more over 5 years: 6.8% a year against 6.8%.
- Nippon India Arbitrage returned more over 3 years: 7.3% a year against 7.3%.
- Nippon India Arbitrage costs less: 1.35% a year against 1.63% (Direct plans).
- Nippon India 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 08-01-2013: −0.6% against −0.6%.
- ICICI Prudential Arbitrage is the larger fund: ₹35,576 Cr against ₹17,216 Cr.
- Their portfolios overlap 49.9%: 151 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 | ICICI Prudential Arbitrage Fund | Nippon India Arbitrage Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹35,576 Cr (30-09-2026) | ₹17,216 Cr (30-09-2026) |
| NAV | ₹40.00 (Direct) | ₹31.21 (Direct) |
| Expense ratio (Direct) | 1.63% | 1.35% |
| Expense ratio (Regular) | 2.16% | 2.04% |
| Riskometer | Not available | Not available |
| Benchmark | Nifty 50 Arbitrage Index | Not available |
| Launch date | 30-12-2006 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia | Not available |
| Exit load | 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 | Not available |
ICICI Prudential Arbitrage vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.24% | +6.62% | +7.27% | +6.77% | +6.33% |
| Nippon India Arbitrage Fund (Direct) | +0.52% | +1.54% | +3.29% | +6.71% | +7.28% | +6.83% | +6.47% |
| 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.
ICICI Prudential Arbitrage vs Nippon India Arbitrage: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Arbitrage | Nippon IndiaNippon India Arbitrage |
|---|---|---|
| 2026to date | +5.40% | +5.47% |
| 2025 | +7.02% | +6.94% |
| 2024 | +8.21% | +8.23% |
| 2023 | +7.77% | +7.85% |
| 2022 | +4.79% | +4.94% |
| 2021 | +4.40% | +4.54% |
ICICI Prudential Arbitrage vs Nippon India Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,662 of them, one for each trading day from 08-01-2016 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.
ICICI Prudential Arbitrage Fund (Direct)
Nippon India Arbitrage Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage | 0.0 | 11.2 | 88.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 6.8% | 4.5% | 9.2% |
| Nippon India Arbitrage | 0.0 | 9.3 | 90.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.9% | 4.6% | 9.0% |
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 08-01-2013. Past returns do not promise future returns.
ICICI Prudential Arbitrage vs Nippon India 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 08-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential ArbitrageICICI Prudential Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,66,264 | ₹10,06,264 | 6.6% |
| Nippon India ArbitrageNippon India Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,86,329 | ₹10,26,329 | 6.7% |
ICICI Prudential ArbitrageICICI Prudential Arbitrage Fund (Direct)
Nippon India ArbitrageNippon India 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.
ICICI Prudential Arbitrage vs Nippon India Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.62% | +6.71% |
| Standard deviation | 1.39% | 1.33% |
| Sharpe ratio | 1.00 | 1.10 |
| Sortino ratio | 1.53 | 1.71 |
| Maximum drawdown | −0.4% (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 | ICICI Prudential Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.27% | +7.28% |
| Standard deviation | 1.10% | 1.06% |
| Sharpe ratio | 1.13 | 1.18 |
| Sortino ratio | 1.74 | 1.81 |
| Maximum drawdown | −0.4% (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 | ICICI Prudential Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.77% | +6.83% |
| Standard deviation | 1.00% | 0.98% |
| Sharpe ratio | 0.97 | 1.05 |
| Sortino ratio | 1.49 | 1.61 |
| Maximum drawdown | −0.4% (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 | ICICI Prudential Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +7.06% |
| Standard deviation | 1.05% | 1.07% |
| Sharpe ratio | 0.92 | 0.95 |
| Sortino ratio | 1.38 | 1.44 |
| Maximum drawdown | −0.6% (03-06-2020) | −0.6% (25-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-01-2013 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.
ICICI Prudential Arbitrage Fund (Direct)
Nippon India Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund (Direct) | −0.6% | 29-05-2020 | 03-06-2020 | 20-08-2020 | 3 months | −0.1% |
| Nippon India Arbitrage Fund (Direct) | −0.6% | 16-03-2020 | 25-03-2020 | 31-03-2020 | 6 days | −0.0% |
From daily values since 08-01-2013, 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.
ICICI Prudential Arbitrage Fund (Direct)
Nippon India 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.
ICICI Prudential Arbitrage Fund (Direct)
Nippon India 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.
ICICI Prudential Arbitrage Fund (Direct)
Nippon India Arbitrage Fund (Direct)
ICICI Prudential Arbitrage vs Nippon India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Arbitrage Fund, September 2026; Nippon India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 49.9%
- Held by both
- 151
- Only in ICICI Prudential Arbitrage
- 41
- Only in Nippon India Arbitrage
- 18
| Security | % of ICICI Prudential Arbitrage | % of Nippon India Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 4.44% | 4.83% |
| HDFC Bank Ltd. | 3.36% | 4.62% |
| Axis Bank Ltd. | 2.94% | 2.45% |
| State Bank Of India | 2.35% | 2.02% |
| Bajaj Finance Ltd. | 1.63% | 1.71% |
| Tata Steel Ltd. | 1.47% | 1.35% |
| Vodafone Idea Ltd. | 2.99% | 1.34% |
| Canara Bank | 1.23% | 1.17% |
| Adani Energy Solutions Ltd. | 1.31% | 1.04% |
| Jio Financial Services Ltd | 1.07% | 1.03% |
| JSW Steel Ltd. | 0.92% | 1.81% |
| Coal India Ltd. | 1.65% | 0.92% |
| Bharti Airtel Ltd. | 2.04% | 0.91% |
| Steel Authority Of India Ltd. | 0.84% | 1.11% |
| Ambuja Cements Ltd. | 0.85% | 0.77% |
| Cummins India Ltd. | 1.25% | 0.76% |
| Glenmark Pharmaceuticals Ltd. | 0.69% | 0.95% |
| Infosys Ltd. | 0.96% | 0.68% |
| Adani Enterprises Ltd. | 0.63% | 1.32% |
| Maruti Suzuki India Ltd. | 0.61% | 1.42% |
| ICICI Bank Ltd. | 0.59% | 4.21% |
| Manappuram Finance Ltd. | 0.57% | 0.86% |
| APL Apollo Tubes Ltd. | 1.37% | 0.56% |
| NMDC Ltd. | 0.75% | 0.52% |
| Mahindra & Mahindra Ltd. | 0.52% | 0.51% |
| Larsen & Toubro Ltd. | 0.49% | 1.31% |
| Kotak Mahindra Bank Ltd. | 0.48% | 1.09% |
| Punjab National Bank | 0.69% | 0.47% |
| Life Insurance Corporation of India | 0.52% | 0.47% |
| Hindalco Industries Ltd. | 0.46% | 0.76% |
| Adani Green Energy Ltd. | 0.97% | 0.46% |
| ITC Ltd. | 0.76% | 0.46% |
| Bharat Heavy Electricals Ltd. | 1.35% | 0.44% |
| IDFC First Bank Ltd. | 0.69% | 0.41% |
| Marico Ltd. | 0.39% | 0.45% |
| The Indian Hotels Company Ltd. | 0.96% | 0.38% |
| Bank Of Baroda | 0.37% | 0.45% |
| Eicher Motors Ltd. | 0.36% | 0.48% |
| Hindustan Unilever Ltd. | 0.39% | 0.36% |
| COFORGE Ltd. | 0.37% | 0.36% |
| Yes Bank Ltd. | 0.35% | 0.50% |
| The Federal Bank Ltd. | 0.34% | 0.44% |
| Varun Beverages Ltd. | 0.91% | 0.33% |
| Biocon Ltd. | 0.34% | 0.33% |
| Indus Towers Ltd. | 0.33% | 0.60% |
| Patanjali Foods Ltd. | 0.33% | 0.38% |
| Crompton Greaves Consumer Electricals Ltd. | 0.32% | 0.33% |
| Divi's Laboratories Ltd. | 0.75% | 0.32% |
| Muthoot Finance Ltd. | 0.32% | 0.37% |
| Bandhan Bank Ltd. | 0.46% | 0.31% |
| Power Finance Corporation Ltd. | 1.51% | 0.30% |
| Ultratech Cement Ltd. | 0.30% | 0.45% |
| Indian Oil Corporation Ltd. | 0.29% | 0.32% |
| Adani Power Ltd. | 1.10% | 0.29% |
| Container Corporation Of India Ltd. | 0.25% | 0.27% |
| IndusInd Bank Ltd. | 0.25% | 0.60% |
| Fortis Healthcare Ltd. | 0.24% | 0.26% |
| HDFC Asset Management Company Ltd. | 0.46% | 0.24% |
| TVS Motor Company Ltd. | 0.23% | 0.72% |
| Sun Pharmaceutical Industries Ltd. | 0.23% | 0.41% |
| Alkem Laboratories Ltd. | 0.29% | 0.23% |
| Tata Power Company Ltd. | 0.37% | 0.22% |
| NTPC Ltd. | 0.37% | 0.22% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.20% |
| Cipla Ltd. | 0.20% | 0.29% |
| LIC Housing Finance Ltd. | 0.24% | 0.19% |
| Solar Industries India Ltd. | 0.22% | 0.19% |
| Small Industries Development Bank Of India. | 0.68% | 0.17% |
| HCL Technologies Ltd. | 0.18% | 0.17% |
| AU Small Finance Bank Ltd. | 0.17% | 0.96% |
| Laurus Labs Ltd. | 0.16% | 0.16% |
| Hitachi Energy India Ltd. | 0.22% | 0.15% |
| Eternal Ltd. | 0.17% | 0.15% |
| Apollo Hospitals Enterprise Ltd. | 0.29% | 0.14% |
| Torrent Pharmaceuticals Ltd. | 0.21% | 0.14% |
| Delhivery Ltd. | 0.17% | 0.14% |
| Ge Vernova T&D India Ltd. | 0.13% | 0.32% |
| Titan Company Ltd. | 0.31% | 0.13% |
| Aurobindo Pharma Ltd. | 0.23% | 0.13% |
| Godrej Properties Ltd. | 0.13% | 0.38% |
| Tata Consumer Products Ltd. | 0.12% | 0.32% |
| JSW Energy Ltd | 0.32% | 0.12% |
| Hindustan Aeronautics Ltd. | 0.24% | 0.12% |
| Ashok Leyland Ltd. | 0.12% | 0.18% |
| Tata Consultancy Services Ltd. | 0.30% | 0.11% |
| Bajaj Auto Ltd. | 0.15% | 0.11% |
| Shriram Finance Ltd. | 0.25% | 0.10% |
| Interglobe Aviation Ltd. | 0.14% | 0.10% |
| Oil & Natural Gas Corporation Ltd. | 0.13% | 0.10% |
| Trent Ltd. | 0.12% | 0.10% |
| Bank Of India | 0.10% | 0.13% |
| HDFC Life Insurance Company Ltd. | 0.10% | 0.26% |
| Info Edge (India) Ltd. | 0.10% | 0.56% |
| One 97 Communications Ltd | 0.09% | 0.49% |
| SBI Life Insurance Company Ltd. | 0.09% | 0.27% |
| Voltas Ltd. | 0.09% | 0.14% |
| Grasim Industries Ltd. | 0.08% | 0.31% |
| The Phoenix Mills Ltd. | 0.08% | 0.10% |
| Asian Paints Ltd. | 0.08% | 0.33% |
| Lupin Ltd. | 0.51% | 0.08% |
| Bajaj Finserv Ltd. | 0.31% | 0.08% |
| Swiggy Ltd | 0.25% | 0.08% |
| Dabur India Ltd. | 0.09% | 0.08% |
| Aditya Birla Capital Ltd. | 0.08% | 0.12% |
| Kalyan Jewellers India Ltd. | 0.07% | 0.26% |
| Bharat Electronics Ltd. | 0.89% | 0.07% |
| Samvardhana Motherson International Ltd. | 0.37% | 0.07% |
| Small Industries Development Bank Of India. | 0.07% | 1.14% |
| Hero Motocorp Ltd. | 0.06% | 0.20% |
| PNB Housing Finance Ltd. | 0.06% | 0.14% |
| Nestle India Ltd. | 0.15% | 0.06% |
| Adani Ports and Special Economic Zone Ltd. | 0.12% | 0.06% |
| Colgate - Palmolive (India) Ltd. | 0.11% | 0.06% |
| Cholamandalam Investment And Finance Company Ltd. | 0.06% | 0.18% |
| Jindal Steel Ltd. | 0.35% | 0.05% |
| Tech Mahindra Ltd. | 0.24% | 0.05% |
| Vedanta Ltd. | 0.14% | 0.05% |
| Bharat Forge Ltd. | 0.08% | 0.05% |
| Inox Wind Ltd. | 0.07% | 0.05% |
| Union Bank Of India | 0.04% | 0.09% |
| Tube Investments of India Ltd. | 0.15% | 0.04% |
| Suzlon Energy Ltd. | 0.04% | 0.04% |
| RBL Bank Ltd. | 0.04% | 0.14% |
| GAIL (India) Ltd. | 0.04% | 0.05% |
| Hindustan Zinc Ltd. | 0.04% | 0.46% |
| Hindustan Petroleum Corporation Ltd. | 0.31% | 0.03% |
| Avenue Supermarts Ltd. | 0.09% | 0.03% |
| Punjab National Bank | 0.07% | 0.03% |
| PB Fintech Ltd. | 0.06% | 0.03% |
| NBCC (India) Ltd. | 0.03% | 0.08% |
| SRF Ltd. | 0.03% | 0.07% |
| Bharat Petroleum Corporation Ltd. | 0.03% | 0.13% |
| Sagility India Ltd | 0.02% | 0.11% |
| Pg Electroplast Ltd. | 0.02% | 0.09% |
| KPIT Technologies Ltd | 0.02% | 0.04% |
| National Aluminium Company Ltd. | 0.06% | 0.02% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 0.02% |
| Polycab India Ltd. | 0.03% | 0.02% |
| Lodha Developers Ltd | 0.03% | 0.02% |
| Radico Khaitan Ltd. | 0.02% | 0.03% |
| Bosch Ltd. | 0.02% | 0.23% |
| Bajaj Holdings & Investment Ltd. | 0.02% | 0.05% |
| Supreme Industries Ltd. | 0.01% | 0.30% |
| Angel One Ltd. | 0.01% | 0.07% |
| Page Industries Ltd. | 0.01% | 0.03% |
| UPL Ltd. | 0.39% | 0.01% |
| Gmr Airports Ltd. | 0.21% | 0.01% |
| Mphasis Ltd. | 0.04% | 0.01% |
| Oberoi Realty Ltd. | 0.02% | 0.01% |
| United Spirits Ltd. | 0.01% | 0.01% |
| FSN E-Commerce Ventures Ltd. | 0.01% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.9% means 49.9% 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 ICICI Prudential Arbitrage Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Money Market Fund - Direct Plan - Growth | 14.97% |
| Union Bank Of India | 1.92% |
| Union Bank Of India | 1.78% |
| HDFC Bank Ltd. | 1.37% |
| Small Industries Development Bank Of India. | 1.10% |
Largest holdings only in Nippon India Arbitrage Fund
| Security | % of fund |
|---|---|
| Nippon India Money Market Fund Dir Pl-Growth-Gr Op | 15.46% |
| Nippon India Ultra Short Term Fund- Dr Gr Op | 8.14% |
| National Bank For Agriculture and Rural Development | 0.84% |
| HDFC Bank Limited | 0.66% |
| Small Industries Dev Bank of India | 0.42% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Equity | 71.1% | 68.0% |
| Debt | 11.9% | 4.4% |
| Cash and others | 17.0% | 27.6% |
Market cap of stocks
| Market cap | ICICI Prudential Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Large Cap | 54.2% | 51.7% |
| Mid Cap | 14.7% | 13.7% |
| Small Cap | 2.2% | 2.6% |
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 | ICICI Prudential Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Banks | 14.4% | 20.1% |
| Finance | 6.1% | 5.2% |
| Telecom - Services | 5.4% | 2.9% |
| Petroleum Products | 5.1% | 5.3% |
| Power | 4.5% | 2.4% |
| Ferrous Metals | 3.6% | 4.3% |
| Automobiles | 2.4% | 3.7% |
| Pharmaceuticals & Biotechnology | 3.7% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Arbitrage vs Nippon India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Arbitrage Fund | Nippon India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.63% | 1.35% |
| Base expense ratio (Direct) | 0.34% | 0.31% |
| Total expense ratio (Regular) | 2.16% | 2.04% |
| Base expense ratio (Regular) | 0.79% | 0.90% |
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 ICICI Prudential Arbitrage with
ICICI Prudential Arbitrage Fund vs Nippon India Arbitrage Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Arbitrage Fund and Nippon India Arbitrage Fund?
Both are Arbitrage funds, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 49.9%. ICICI Prudential Arbitrage Fund charges 1.63% a year and Nippon India Arbitrage Fund 1.35%.
Which has given higher returns, ICICI Prudential Arbitrage Fund or Nippon India Arbitrage Fund?
Over 1 year: ICICI Prudential Arbitrage Fund +6.62%, Nippon India Arbitrage Fund +6.71%. Over 3 years: ICICI Prudential Arbitrage Fund +7.27% a year, Nippon India Arbitrage Fund +7.28% a year. Over 5 years: ICICI Prudential Arbitrage Fund +6.77% a year, Nippon India Arbitrage Fund +6.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Arbitrage Fund or Nippon India Arbitrage Fund?
Nippon India Arbitrage Fund charges less: 1.35% a year against 1.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Arbitrage Fund and Nippon India Arbitrage Fund overlap?
49.9%. They hold 151 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Arbitrage Fund or Nippon India Arbitrage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,31,362 in ICICI Prudential Arbitrage Fund (XIRR 7.1% a year) and ₹7,31,798 in Nippon India Arbitrage Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Arbitrage Fund and Nippon India Arbitrage Fund?
Yes. 49.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.