ICICI Prudential Arbitrage Fund vs SBI Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Arbitrage Fund and SBI 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 SBI Arbitrage Fund (Direct) returned 7.2% a year. ICICI Prudential Arbitrage Fund charges 1.63% a year and SBI Arbitrage Fund 1.47% (Direct plans). Their portfolios overlap 55.9%: they hold 166 of the same securities.
ICICI Prudential Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.63%
- NAV
- ₹40.00
Which is better, ICICI Prudential 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 6.8%.
- ICICI Prudential Arbitrage returned more over 3 years: 7.3% a year against 7.2%.
- SBI Arbitrage costs less: 1.47% a year against 1.63% (Direct plans).
- ICICI Prudential 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 14-01-2013: −0.6% against −0.7%.
- SBI Arbitrage is the larger fund: ₹46,309 Cr against ₹35,576 Cr.
- Their portfolios overlap 55.9%: 166 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 | SBI Arbitrage Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹35,576 Cr (30-09-2026) | ₹46,309 Cr (30-09-2026) |
| NAV | ₹40.00 (Direct) | ₹39.08 (Direct) |
| Expense ratio (Direct) | 1.63% | 1.47% |
| Expense ratio (Regular) | 2.16% | 1.99% |
| Riskometer | Not available | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage Index |
| Launch date | 30-12-2006 | 03-11-2006 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia | Neeraj Kumar - Equity, Ardhendu Bhattacharya |
| 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 | Exit load of 0.25%, if redeemed within 15 Days. |
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.24% | +6.62% | +7.27% | +6.77% | +6.33% |
| 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.
ICICI Prudential Arbitrage vs SBI Arbitrage: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Arbitrage | SBISBI Arbitrage |
|---|---|---|
| 2026to date | +5.40% | +5.39% |
| 2025 | +7.02% | +7.05% |
| 2024 | +8.21% | +8.11% |
| 2023 | +7.77% | +7.98% |
| 2022 | +4.79% | +5.09% |
| 2021 | +4.40% | +4.43% |
ICICI Prudential Arbitrage vs SBI Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,658 of them, one for each trading day from 14-01-2016 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)
SBI 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% |
| SBI Arbitrage | 0.0 | 14.5 | 85.5 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.6% | 4.3% | 8.8% |
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 14-01-2013. Past returns do not promise future returns.
ICICI Prudential 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 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% |
| SBI ArbitrageSBI Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,50,956 | ₹9,90,956 | 6.5% |
ICICI Prudential ArbitrageICICI Prudential 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.
ICICI Prudential Arbitrage vs SBI 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.62% | +6.59% |
| Standard deviation | 1.39% | 1.46% |
| Sharpe ratio | 1.00 | 0.92 |
| Sortino ratio | 1.53 | 1.41 |
| 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.27% | +7.24% |
| Standard deviation | 1.10% | 1.12% |
| Sharpe ratio | 1.13 | 1.09 |
| Sortino ratio | 1.74 | 1.66 |
| 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.77% | +6.83% |
| Standard deviation | 1.00% | 1.03% |
| Sharpe ratio | 0.97 | 1.01 |
| Sortino ratio | 1.49 | 1.53 |
| 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +6.84% |
| Standard deviation | 1.05% | 1.07% |
| Sharpe ratio | 0.92 | 0.74 |
| Sortino ratio | 1.38 | 1.11 |
| Maximum drawdown | −0.6% (03-06-2020) | −0.7% (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)
SBI 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% |
| SBI Arbitrage Fund (Direct) | −0.7% | 16-03-2020 | 25-03-2020 | 15-04-2020 | 21 days | −0.1% |
From daily values since 14-01-2013, 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)
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.
ICICI Prudential 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.
ICICI Prudential Arbitrage Fund (Direct)
SBI Arbitrage Fund (Direct)
ICICI Prudential Arbitrage vs SBI Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Arbitrage Fund, September 2026; SBI Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 55.9%
- Held by both
- 166
- Only in ICICI Prudential Arbitrage
- 26
- Only in SBI Arbitrage
- 30
| Security | % of ICICI Prudential Arbitrage | % of SBI Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 4.44% | 5.58% |
| HDFC Bank Ltd. | 3.36% | 4.92% |
| State Bank Of India | 2.35% | 3.68% |
| Axis Bank Ltd. | 2.94% | 2.31% |
| Bharti Airtel Ltd. | 2.04% | 2.39% |
| Bajaj Finance Ltd. | 1.63% | 1.57% |
| Tata Steel Ltd. | 1.47% | 1.59% |
| Vodafone Idea Ltd. | 2.99% | 1.10% |
| Adani Power Ltd. | 1.10% | 1.03% |
| Adani Green Energy Ltd. | 0.97% | 0.99% |
| JSW Steel Ltd. | 0.92% | 1.58% |
| Coal India Ltd. | 1.65% | 0.90% |
| Bharat Electronics Ltd. | 0.89% | 1.36% |
| Canara Bank | 1.23% | 0.89% |
| Power Finance Corporation Ltd. | 1.51% | 0.88% |
| Adani Energy Solutions Ltd. | 1.31% | 0.81% |
| Jio Financial Services Ltd | 1.07% | 0.77% |
| Varun Beverages Ltd. | 0.91% | 0.76% |
| ITC Ltd. | 0.76% | 0.93% |
| Divi's Laboratories Ltd. | 0.75% | 1.09% |
| Bharat Heavy Electricals Ltd. | 1.35% | 0.72% |
| The Indian Hotels Company Ltd. | 0.96% | 0.70% |
| IDFC First Bank Ltd. | 0.69% | 0.73% |
| Punjab National Bank | 0.69% | 0.78% |
| Adani Enterprises Ltd. | 0.63% | 1.41% |
| Maruti Suzuki India Ltd. | 0.61% | 0.60% |
| ICICI Bank Ltd. | 0.59% | 2.75% |
| Infosys Ltd. | 0.96% | 0.59% |
| Ambuja Cements Ltd. | 0.85% | 0.59% |
| Larsen & Toubro Ltd. | 0.49% | 0.87% |
| Kotak Mahindra Bank Ltd. | 0.48% | 0.85% |
| Glenmark Pharmaceuticals Ltd. | 0.69% | 0.48% |
| Hindalco Industries Ltd. | 0.46% | 0.54% |
| Steel Authority Of India Ltd. | 0.84% | 0.46% |
| Manappuram Finance Ltd. | 0.57% | 0.45% |
| Mahindra & Mahindra Ltd. | 0.52% | 0.44% |
| NMDC Ltd. | 0.75% | 0.42% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.52% |
| Cummins India Ltd. | 1.25% | 0.41% |
| Multi Commodity Exchange Of India Ltd. | 0.89% | 0.41% |
| Hindustan Unilever Ltd. | 0.39% | 0.56% |
| APL Apollo Tubes Ltd. | 1.37% | 0.38% |
| Life Insurance Corporation of India | 0.52% | 0.38% |
| Tata Power Company Ltd. | 0.37% | 0.64% |
| Bank Of Baroda | 0.37% | 0.78% |
| NTPC Ltd. | 0.37% | 0.55% |
| Samvardhana Motherson International Ltd. | 0.37% | 0.71% |
| HDFC Asset Management Company Ltd. | 0.46% | 0.36% |
| Eicher Motors Ltd. | 0.36% | 0.35% |
| The Federal Bank Ltd. | 0.34% | 0.74% |
| Biocon Ltd. | 0.34% | 0.37% |
| Indus Towers Ltd. | 0.33% | 0.61% |
| COFORGE Ltd. | 0.37% | 0.32% |
| Crompton Greaves Consumer Electricals Ltd. | 0.32% | 0.32% |
| Titan Company Ltd. | 0.31% | 0.32% |
| Ultratech Cement Ltd. | 0.30% | 0.42% |
| Indian Oil Corporation Ltd. | 0.29% | 0.56% |
| Apollo Hospitals Enterprise Ltd. | 0.29% | 0.27% |
| Shriram Finance Ltd. | 0.25% | 0.45% |
| IndusInd Bank Ltd. | 0.25% | 0.43% |
| Tech Mahindra Ltd. | 0.24% | 0.64% |
| Hindustan Aeronautics Ltd. | 0.24% | 1.16% |
| Aurobindo Pharma Ltd. | 0.23% | 0.34% |
| Solar Industries India Ltd. | 0.22% | 0.38% |
| Hitachi Energy India Ltd. | 0.22% | 0.27% |
| Sun Pharmaceutical Industries Ltd. | 0.23% | 0.22% |
| Patanjali Foods Ltd. | 0.33% | 0.21% |
| Swiggy Ltd | 0.25% | 0.21% |
| Torrent Pharmaceuticals Ltd. | 0.21% | 0.32% |
| Gmr Airports Ltd. | 0.21% | 0.40% |
| KEI Industries Ltd. | 0.47% | 0.20% |
| Tata Consultancy Services Ltd. | 0.30% | 0.20% |
| Bandhan Bank Ltd. | 0.46% | 0.19% |
| HCL Technologies Ltd. | 0.18% | 0.27% |
| TVS Motor Company Ltd. | 0.23% | 0.17% |
| AU Small Finance Bank Ltd. | 0.17% | 0.21% |
| Jindal Steel Ltd. | 0.35% | 0.16% |
| Muthoot Finance Ltd. | 0.32% | 0.16% |
| Fortis Healthcare Ltd. | 0.24% | 0.16% |
| Eternal Ltd. | 0.17% | 0.16% |
| Laurus Labs Ltd. | 0.16% | 0.18% |
| Bajaj Auto Ltd. | 0.15% | 0.27% |
| Container Corporation Of India Ltd. | 0.25% | 0.15% |
| JSW Energy Ltd | 0.32% | 0.14% |
| Ge Vernova T&D India Ltd. | 0.13% | 0.17% |
| Cipla Ltd. | 0.20% | 0.13% |
| Oil & Natural Gas Corporation Ltd. | 0.13% | 0.14% |
| Godrej Properties Ltd. | 0.13% | 0.24% |
| Tata Consumer Products Ltd. | 0.12% | 0.62% |
| Hindustan Petroleum Corporation Ltd. | 0.31% | 0.12% |
| LIC Housing Finance Ltd. | 0.24% | 0.12% |
| Ashok Leyland Ltd. | 0.12% | 0.14% |
| Adani Ports and Special Economic Zone Ltd. | 0.12% | 0.46% |
| Delhivery Ltd. | 0.17% | 0.11% |
| Vedanta Ltd. | 0.14% | 0.11% |
| Lupin Ltd. | 0.51% | 0.10% |
| Interglobe Aviation Ltd. | 0.14% | 0.10% |
| Central Depository Services (India) Ltd. | 0.10% | 0.14% |
| Bank Of India | 0.10% | 0.22% |
| HDFC Life Insurance Company Ltd. | 0.10% | 0.19% |
| Info Edge (India) Ltd. | 0.10% | 0.39% |
| Power Grid Corporation Of India Ltd. | 0.10% | 0.13% |
| One 97 Communications Ltd | 0.09% | 0.21% |
| Avenue Supermarts Ltd. | 0.09% | 0.30% |
| Godrej Consumer Products Ltd. | 0.09% | 0.14% |
| Marico Ltd. | 0.39% | 0.09% |
| UPL Ltd. | 0.39% | 0.09% |
| Alkem Laboratories Ltd. | 0.29% | 0.09% |
| Max Financial Services Ltd. | 0.23% | 0.09% |
| Voltas Ltd. | 0.09% | 0.09% |
| Dabur India Ltd. | 0.09% | 0.18% |
| Bharat Forge Ltd. | 0.08% | 0.11% |
| The Phoenix Mills Ltd. | 0.08% | 0.09% |
| Asian Paints Ltd. | 0.08% | 0.09% |
| Bajaj Finserv Ltd. | 0.31% | 0.08% |
| Aditya Birla Capital Ltd. | 0.08% | 0.31% |
| Inox Wind Ltd. | 0.07% | 0.09% |
| Kalyan Jewellers India Ltd. | 0.07% | 0.46% |
| SBI Life Insurance Company Ltd. | 0.09% | 0.07% |
| BSE Ltd. | 0.07% | 0.07% |
| Punjab National Bank | 0.07% | 0.47% |
| PB Fintech Ltd. | 0.06% | 0.07% |
| PNB Housing Finance Ltd. | 0.06% | 0.12% |
| Tube Investments of India Ltd. | 0.15% | 0.06% |
| Hero Motocorp Ltd. | 0.06% | 0.06% |
| National Aluminium Company Ltd. | 0.06% | 0.09% |
| Astral Ltd. | 0.06% | 0.13% |
| Cholamandalam Investment And Finance Company Ltd. | 0.06% | 0.49% |
| Trent Ltd. | 0.12% | 0.05% |
| Indian Energy Exchange Ltd. | 0.07% | 0.05% |
| Union Bank Of India | 0.04% | 0.37% |
| Mphasis Ltd. | 0.04% | 0.15% |
| Suzlon Energy Ltd. | 0.04% | 0.15% |
| Colgate - Palmolive (India) Ltd. | 0.11% | 0.04% |
| ABB India Ltd. | 0.05% | 0.04% |
| RBL Bank Ltd. | 0.04% | 0.14% |
| GAIL (India) Ltd. | 0.04% | 0.06% |
| Hindustan Zinc Ltd. | 0.04% | 0.17% |
| Polycab India Ltd. | 0.03% | 0.09% |
| Nestle India Ltd. | 0.15% | 0.03% |
| Grasim Industries Ltd. | 0.08% | 0.03% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 0.03% |
| Mankind Pharma Ltd. | 0.05% | 0.03% |
| Lodha Developers Ltd | 0.03% | 0.17% |
| NBCC (India) Ltd. | 0.03% | 0.17% |
| SRF Ltd. | 0.03% | 0.19% |
| Bharat Petroleum Corporation Ltd. | 0.03% | 0.09% |
| Rural Electrification Corporation Ltd. | 0.02% | 0.05% |
| Pg Electroplast Ltd. | 0.02% | 0.04% |
| KPIT Technologies Ltd | 0.02% | 0.03% |
| Pidilite Industries Ltd. | 0.06% | 0.02% |
| Vishal Mega Mart Ltd. | 0.05% | 0.02% |
| Sagility India Ltd | 0.02% | 0.02% |
| Radico Khaitan Ltd. | 0.02% | 0.04% |
| Bosch Ltd. | 0.02% | 0.06% |
| Computer Age Management Services Ltd. | 0.02% | 0.02% |
| Oberoi Realty Ltd. | 0.02% | 0.07% |
| Bajaj Holdings & Investment Ltd. | 0.02% | 0.06% |
| Supreme Industries Ltd. | 0.01% | 0.08% |
| Angel One Ltd. | 0.01% | 0.04% |
| United Spirits Ltd. | 0.01% | 0.06% |
| Amber Enterprises India Ltd. | 0.01% | 0.07% |
| MAX Healthcare Institute Ltd | 0.05% | 0.01% |
| Zydus Lifesciences Ltd. | 0.01% | 0.02% |
| FSN E-Commerce Ventures Ltd. | 0.01% | 0.04% |
| Persistent Systems Ltd. | 0.01% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.9% means 55.9% 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 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 | ICICI Prudential Arbitrage | SBI Arbitrage |
|---|---|---|
| Equity | 71.1% | 77.2% |
| Debt | 11.9% | 6.5% |
| Cash and others | 17.0% | 16.4% |
Market cap of stocks
| Market cap | ICICI Prudential Arbitrage | SBI Arbitrage |
|---|---|---|
| Large Cap | 54.2% | 61.8% |
| Mid Cap | 14.7% | 13.2% |
| Small Cap | 2.2% | 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 | ICICI Prudential Arbitrage | SBI Arbitrage |
|---|---|---|
| Banks | 14.4% | 20.0% |
| Petroleum Products | 5.1% | 6.3% |
| Finance | 6.1% | 5.7% |
| Telecom - Services | 5.4% | 4.1% |
| Power | 4.5% | 4.3% |
| Ferrous Metals | 3.6% | 3.8% |
| Pharmaceuticals & Biotechnology | 3.7% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Arbitrage vs SBI Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Arbitrage Fund | SBI Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.63% | 1.47% |
| Base expense ratio (Direct) | 0.34% | 0.34% |
| Total expense ratio (Regular) | 2.16% | 1.99% |
| Base expense ratio (Regular) | 0.79% | 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 ICICI Prudential Arbitrage with
ICICI Prudential Arbitrage Fund vs SBI Arbitrage Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Arbitrage Fund and SBI Arbitrage Fund?
Both are Arbitrage funds, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 55.9%. ICICI Prudential Arbitrage Fund charges 1.63% a year and SBI Arbitrage Fund 1.47%.
Which has given higher returns, ICICI Prudential Arbitrage Fund or SBI Arbitrage Fund?
Over 1 year: ICICI Prudential Arbitrage Fund +6.62%, SBI Arbitrage Fund +6.59%. Over 3 years: ICICI Prudential Arbitrage Fund +7.27% a year, SBI Arbitrage Fund +7.24% a year. Over 5 years: ICICI Prudential Arbitrage Fund +6.77% 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, ICICI Prudential Arbitrage Fund or SBI Arbitrage Fund?
SBI Arbitrage Fund charges less: 1.47% a year against 1.63%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Arbitrage Fund and SBI Arbitrage Fund overlap?
55.9%. They hold 166 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential 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 ₹7,31,362 in ICICI Prudential 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 ICICI Prudential Arbitrage Fund and SBI Arbitrage Fund?
Yes. 55.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential Arbitrage Fund and SBI Arbitrage Fund?
ICICI Prudential Arbitrage Fund: Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia. 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.