JioBlackRock Arbitrage Fund vs Tata Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Arbitrage Fund and Tata Arbitrage Fund are both Arbitrage funds. JioBlackRock Arbitrage Fund charges 1.99% a year and Tata Arbitrage Fund 1.57% (Direct plans). Their portfolios overlap 40.6%: they hold 103 of the same securities.
Which is better, JioBlackRock 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 1.99% (Direct plans).
- Tata Arbitrage fell less in its worst fall since 19-12-2025: −0.4% against −0.4%.
- Tata Arbitrage is the larger fund: ₹24,539 Cr against ₹558 Cr.
- Their portfolios overlap 40.6%: 103 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 | JioBlackRock Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Tata Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹558 Cr (30-09-2026) | ₹24,539 Cr (30-09-2026) |
| NAV | ₹10.61 (Direct) | ₹16.46 (Direct) |
| Expense ratio (Direct) | 1.99% | 1.57% |
| Expense ratio (Regular) | 3.26% | 2.25% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 21-08-2026 | 18-12-2018 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R | Sailesh Jain |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 15 days. |
JioBlackRock 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 |
|---|---|---|---|---|---|---|---|
| JioBlackRock Arbitrage Fund (Direct) | +0.67% | +1.65% | +3.38% | -- | -- | -- | -- |
| 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.
JioBlackRock Arbitrage vs Tata Arbitrage: Year-wise Returns
| Year | JioBlackRockJioBlackRock Arbitrage | TataTata Arbitrage |
|---|---|---|
| 2026to date | +5.76% | +5.46% |
| 2025 | -- | +7.26% |
| 2024 | -- | +8.36% |
| 2023 | -- | +7.93% |
| 2022 | -- | +4.86% |
| 2021 | -- | +4.54% |
JioBlackRock Arbitrage vs Tata Arbitrage: Rolling Returns
Every holding period of both funds
JioBlackRock Arbitrage vs Tata Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JioBlackRock Arbitrage Fund (Direct) | Tata Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +6.55% |
| Standard deviation | 1.50% | 1.01% |
| Sharpe ratio | 1.19 | 1.32 |
| Sortino ratio | 1.84 | 2.01 |
| Maximum drawdown | −0.4% (06-08-2026) | −0.6% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 19-12-2025 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.
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.
JioBlackRock 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 |
|---|---|---|---|---|---|---|
| JioBlackRock Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | 0.0% |
| Tata Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
From daily values since 19-12-2025, the first day every fund has.
JioBlackRock Arbitrage vs Tata Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Arbitrage Fund, September 2026; Tata Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 40.6%
- Held by both
- 103
- Only in JioBlackRock Arbitrage
- 18
- Only in Tata Arbitrage
- 78
| Security | % of JioBlackRock Arbitrage | % of Tata Arbitrage |
|---|---|---|
| HDFC Bank Ltd | 6.97% | 7.89% |
| ICICI Bank Ltd | 7.14% | 4.34% |
| Reliance Industries Ltd | 6.48% | 4.28% |
| Vodafone Idea Ltd | 5.24% | 1.50% |
| Axis Bank Ltd | 1.22% | 2.36% |
| State Bank of India | 2.14% | 1.21% |
| Canara Bank (28-Jan-2027) | 4.38% | 1.10% |
| Canara Bank | 4.85% | 1.09% |
| Adani Power Ltd | 1.00% | 1.11% |
| Varun Beverages Ltd | 0.93% | 0.85% |
| Tata Steel Ltd | 1.74% | 0.74% |
| NMDC Ltd | 0.93% | 0.74% |
| Cummins India Ltd | 0.72% | 0.91% |
| Manappuram Finance Ltd | 0.64% | 0.70% |
| IDFC First Bank Ltd | 0.62% | 0.75% |
| Power Finance Corporation Ltd | 0.64% | 0.62% |
| Adani Enterprises Ltd | 1.57% | 0.59% |
| Bharti Airtel Ltd | 0.54% | 1.27% |
| IndusInd Bank Ltd | 0.70% | 0.52% |
| Coal India Ltd | 0.51% | 1.00% |
| Godrej Properties Ltd | 0.70% | 0.49% |
| Multi Commodity Exchange Of India Ltd | 0.60% | 0.43% |
| Life Insurance Corporation Of India | 3.72% | 0.42% |
| Hindalco Industries Ltd | 0.41% | 1.08% |
| Yes Bank Ltd | 2.42% | 0.40% |
| Bank of Baroda | 1.22% | 0.40% |
| Divi's Laboratories Ltd | 0.40% | 0.92% |
| Crompton Greaves Consumer Electricals Ltd | 1.67% | 0.39% |
| Bharat Electronics Ltd | 0.37% | 0.68% |
| Federal Bank Ltd | 1.09% | 0.33% |
| APL Apollo Tubes Ltd | 0.33% | 0.53% |
| Kalyan Jewellers India Ltd | 0.31% | 0.30% |
| Infosys Ltd | 0.87% | 0.28% |
| Bajaj Finance Ltd | 0.40% | 0.27% |
| Kotak Mahindra Bank Ltd | 0.27% | 0.60% |
| ITC Ltd | 1.62% | 0.26% |
| Container Corporation Of India Ltd | 0.34% | 0.25% |
| Ashok Leyland Ltd | 0.25% | 0.31% |
| Hindustan Aeronautics Ltd | 0.21% | 0.61% |
| Indian Hotels Co Ltd | 0.18% | 0.36% |
| Torrent Pharmaceuticals Ltd | 0.72% | 0.17% |
| Oil & Natural Gas Corporation Ltd | 0.21% | 0.17% |
| Mahindra & Mahindra Ltd | 0.34% | 0.15% |
| NTPC Ltd | 0.15% | 0.50% |
| JSW Energy Ltd | 0.14% | 0.40% |
| Swiggy Ltd | 1.19% | 0.14% |
| Jio Financial Services Ltd | 0.14% | 1.20% |
| Marico Ltd | 0.14% | 0.25% |
| Biocon Ltd | 0.13% | 0.47% |
| Indian Oil Corporation Ltd | 0.13% | 0.74% |
| Hindustan Unilever Ltd | 0.12% | 0.83% |
| Lupin Ltd | 0.26% | 0.12% |
| Tech Mahindra Ltd | 0.13% | 0.12% |
| Bharat Heavy Electricals Ltd | 0.12% | 0.90% |
| LIC Housing Finance Ltd | 0.11% | 0.29% |
| Punjab National Bank | 0.11% | 0.46% |
| Tata Power Co Ltd | 0.11% | 0.36% |
| Aurobindo Pharma Ltd | 0.10% | 0.30% |
| Indus Towers Ltd | 0.09% | 1.21% |
| Union Bank Of India | 0.08% | 0.19% |
| PG Electroplast Ltd | 0.82% | 0.08% |
| Maruti Suzuki India Ltd | 0.27% | 0.08% |
| Aditya Birla Capital Ltd | 0.15% | 0.08% |
| AU Small Finance Bank Ltd | 0.09% | 0.07% |
| Steel Authority of India Ltd | 0.06% | 1.31% |
| Info Edge (India) Ltd | 0.06% | 0.31% |
| Asian Paints Ltd | 0.09% | 0.06% |
| Tata Motors Passenger Vehicles Ltd | 0.06% | 0.67% |
| Ge Vernova T&D India Ltd | 0.06% | 0.19% |
| Bajaj Finserv Ltd | 0.06% | 0.08% |
| Cholamandalam Investment and Finance Co Ltd | 0.05% | 0.09% |
| Interglobe Aviation Ltd | 0.05% | 0.09% |
| Fortis Healthcare Ltd | 0.05% | 0.11% |
| HDFC Life Insurance Co Ltd | 0.05% | 0.56% |
| Delhivery Ltd | 0.44% | 0.05% |
| Computer Age Management Services Ltd | 0.09% | 0.05% |
| HDFC Asset Management Co Ltd | 0.05% | 0.56% |
| RBL Bank Ltd | 0.05% | 0.05% |
| Coforge Ltd | 0.04% | 0.58% |
| Mphasis Ltd | 0.04% | 0.11% |
| National Aluminium Co Ltd | 0.29% | 0.04% |
| Samvardhana Motherson International Ltd | 0.04% | 0.22% |
| Larsen & Toubro Ltd | 0.04% | 0.06% |
| Indian Energy Exchange Ltd | 0.03% | 0.19% |
| Radico Khaitan Ltd | 0.16% | 0.03% |
| Tata Consumer Products Ltd | 0.03% | 0.09% |
| Suzlon Energy Ltd | 0.03% | 0.10% |
| Phoenix Mills Ltd | 0.02% | 0.06% |
| DLF Ltd | 0.02% | 0.03% |
| Titan Co Ltd | 0.19% | 0.02% |
| Bajaj Holdings & Investment Ltd | 0.09% | 0.02% |
| Hindustan Petroleum Corporation Ltd | 0.08% | 0.02% |
| GAIL (India) Ltd | 0.05% | 0.02% |
| ICICI Lombard General Insurance Co Ltd | 0.02% | 0.28% |
| JSW Steel Ltd | 0.02% | 0.84% |
| KEI Industries Ltd | 0.77% | 0.01% |
| HCL Technologies Ltd | 0.66% | 0.01% |
| Sun Pharmaceutical Industries Ltd | 0.31% | 0.01% |
| Tata Consultancy Services Ltd | 0.29% | 0.01% |
| Sagility Ltd | 0.03% | 0.01% |
| Eternal Ltd | 0.01% | 0.01% |
| Ultratech Cement Ltd | 0.01% | 0.09% |
| Tube Investments of India Ltd | 0.01% | 0.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.6% means 40.6% 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 JioBlackRock Arbitrage Fund
| Security | % of fund |
|---|---|
| JioBlackRock Money Market Fund - Direct Plan - Growth Option | 11.16% |
| HDFC Bank Ltd (18-Jan-2027) | 4.39% |
| JioBlackRock Liquid Fund - Direct Plan - Growth Option | 2.83% |
| Astral Ltd | 0.43% |
| SRF Ltd | 0.40% |
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% |
| ** - NABARD - CD - 28/01/2027 | 1.49% |
| ** - NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT - CD - 12/03/2027 | 1.38% |
| ** - SMALL INDUST DEVLOP BANK OF INDIA - CD - 25/03/2027 | 1.38% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Arbitrage | Tata Arbitrage |
|---|---|---|
| Equity | 74.1% | 64.8% |
| Debt | 8.8% | 21.7% |
| Cash and others | 17.1% | 13.5% |
Market cap of stocks
| Market cap | JioBlackRock Arbitrage | Tata Arbitrage |
|---|---|---|
| Large Cap | 56.6% | 50.0% |
| Mid Cap | 13.5% | 12.1% |
| Small Cap | 3.9% | 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 | JioBlackRock Arbitrage | Tata Arbitrage |
|---|---|---|
| Banks | 29.0% | 21.6% |
| Petroleum Products | 6.7% | 5.2% |
| Telecom - Services | 5.9% | 4.0% |
| Power | 1.5% | 4.1% |
| Insurance | 3.8% | 1.4% |
| Finance | 2.5% | 3.7% |
| Consumer Durables | 3.1% | 0.8% |
| Ferrous Metals | 1.8% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
JioBlackRock Arbitrage vs Tata Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.99% | 1.57% |
| Base expense ratio (Direct) | 0.28% | 0.26% |
| Total expense ratio (Regular) | 3.26% | 2.25% |
| Base expense ratio (Regular) | 0.90% | 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 JioBlackRock Arbitrage with
JioBlackRock Arbitrage Fund vs Tata Arbitrage Fund: Frequently Asked Questions
What is the difference between JioBlackRock Arbitrage Fund and Tata Arbitrage Fund?
Both are Arbitrage funds, run by Jio BlackRock Mutual Fund and Tata Mutual Fund. Their portfolios overlap 40.6%. JioBlackRock Arbitrage Fund charges 1.99% a year and Tata Arbitrage Fund 1.57%.
Which has the lower expense ratio, JioBlackRock Arbitrage Fund or Tata Arbitrage Fund?
Tata Arbitrage Fund charges less: 1.57% a year against 1.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Arbitrage Fund and Tata Arbitrage Fund overlap?
40.6%. They hold 103 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, JioBlackRock Arbitrage Fund or Tata Arbitrage Fund?
On SEBI's riskometer, JioBlackRock Arbitrage Fund is rated Low and Tata Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.50% and 1.01% a year.
Can I invest in both JioBlackRock Arbitrage Fund and Tata Arbitrage Fund?
Yes. 40.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages JioBlackRock Arbitrage Fund and Tata Arbitrage Fund?
JioBlackRock Arbitrage Fund: Anand Shah, Haresh Mehta, Mr, Siddharth Deb, Arun R. 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.