Kotak MSCI India ETF vs Old Bridge Arbitrage Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak MSCI India ETF is an ETF fund and Old Bridge Arbitrage Fund is an Arbitrage fund. Kotak MSCI India ETF charges 0.24% a year and Old Bridge Arbitrage Fund 1.09%. Their portfolios overlap 48.1%: they hold 83 of the same securities.
Which is better, Kotak MSCI India ETF 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.
- Kotak MSCI India ETF costs less: 0.24% a year against 1.09%.
- Old Bridge Arbitrage fell less in its worst fall since 14-11-2025: −0.7% against −14.6%.
- Kotak MSCI India ETF holds more in large companies: 80.6% of the fund in large caps against 64.1%.
- Kotak MSCI India ETF is the larger fund: ₹1,749 Cr against ₹254 Cr.
- Their portfolios overlap 48.1%: 83 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 | Kotak MSCI India ETF | Old Bridge Arbitrage Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Old Bridge Mutual Fund |
| Category | ETF | Arbitrage |
| AUM | ₹1,749 Cr (30-09-2026) | ₹254 Cr (30-09-2026) |
| NAV | ₹28.23 | ₹10.62 (Direct) |
| Expense ratio (Direct) | Not available | 1.09% |
| Expense ratio (Regular) | Not available | 1.94% |
| Riskometer | Very High | Low |
| Benchmark | MSCI India TRI | Nifty 50 Arbitrage TRI |
| Launch date | 19-02-2025 | 13-11-2025 |
| Minimum investment | Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors (subject to transactions greater than INR 25 crores or such other amount as may be specified by SEBI from time to time) provided the value of units to | ₹5,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Kenneth Joseph Andrade |
| Exit load | NIL | Exit load of 0.25%, if redeemed within 7 Days. |
Kotak MSCI India ETF 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 |
|---|---|---|---|---|---|---|---|
| Kotak MSCI India ETF | +0.29% | −5.98% | −3.50% | −8.03% | -- | -- | -- |
| 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.
Kotak MSCI India ETF vs Old Bridge Arbitrage: Year-wise Returns
| Year | Kotak MSCI India ETFKotak MSCI India ETF | Old Bridge ArbitrageOld Bridge Arbitrage |
|---|---|---|
| 2026to date | −8.95% | +5.31% |
Kotak MSCI India ETF vs Old Bridge Arbitrage: Rolling Returns
Every holding period of both funds
Kotak MSCI India ETF vs Old Bridge Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak MSCI India ETF | Old Bridge Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.02% | +6.43% |
| Standard deviation | 13.78% | 1.68% |
| Sharpe ratio | -0.10 | 0.71 |
| Sortino ratio | -0.14 | 1.06 |
| Maximum drawdown | −14.6% (31-03-2026) | −0.7% (29-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 25-02-2025 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.
Kotak MSCI India ETF
Old Bridge Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak MSCI India ETF | −14.6% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.1% |
| Old Bridge Arbitrage Fund (Direct) | −0.7% | 18-05-2026 | 29-05-2026 | 04-06-2026 | 6 days | −0.1% |
From daily values since 14-11-2025, the first day every fund has.
Kotak MSCI India ETF vs Old Bridge Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak MSCI India ETF, September 2026; Old Bridge Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 48.1%
- Held by both
- 83
- Only in Kotak MSCI India ETF
- 82
- Only in Old Bridge Arbitrage
- 14
| Security | % of Kotak MSCI India ETF | % of Old Bridge Arbitrage |
|---|---|---|
| RELIANCE INDUSTRIES LTD. | 5.44% | 5.43% |
| ICICI BANK LTD. | 5.60% | 5.25% |
| HDFC BANK LTD. | 6.44% | 4.76% |
| BHARTI AIRTEL LTD. | 3.93% | 3.72% |
| AXIS BANK LTD. | 2.25% | 2.36% |
| STATE BANK OF INDIA. | 1.41% | 1.33% |
| SHRIRAM FINANCE LIMITED | 1.11% | 2.97% |
| Tata Steel Ltd. | 1.10% | 2.44% |
| Hindalco Industries Ltd. | 0.97% | 1.22% |
| Ultratech Cement Ltd. | 0.90% | 1.36% |
| Divis Laboratories Ltd. | 0.89% | 1.28% |
| Larsen and Toubro Ltd. | 2.02% | 0.80% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 1.05% |
| Hindustan Aeronautics Ltd. | 0.62% | 1.21% |
| JSW Steel Ltd. | 0.61% | 1.47% |
| Power Grid Corporation of India Ltd. | 0.87% | 0.60% |
| KOTAK MAHINDRA BANK LTD. | 1.82% | 0.59% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.30% | 0.58% |
| Hindustan Unilever Ltd. | 1.06% | 0.56% |
| Bajaj Finserv Ltd. | 0.53% | 0.80% |
| Coal India Limited | 0.52% | 0.79% |
| BAJAJ FINANCE LTD. | 1.91% | 0.48% |
| INDIAN HOTELS CO LTD | 0.48% | 0.83% |
| FEDERAL BANK LTD. | 0.46% | 0.72% |
| JIO FINANCIAL SERVICES LTD | 0.46% | 1.23% |
| Varun Beverages Limited | 0.44% | 0.96% |
| Asian Paints(India) Ltd. | 0.74% | 0.43% |
| Tata Power Company Ltd. | 0.43% | 1.52% |
| NTPC LTD | 1.12% | 0.42% |
| TATA CONSUMER PRODUCTS LTD. | 0.41% | 1.30% |
| HDFC Life Insurance Company Ltd | 0.41% | 0.84% |
| Bharat Heavy Electricals Ltd. | 0.40% | 1.93% |
| ITC Ltd. | 0.63% | 0.38% |
| Indus Towers Ltd. | 0.37% | 3.73% |
| BHARAT FORGE LTD. | 0.37% | 0.49% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.35% | 1.89% |
| Power Finance Corporation Ltd. | 0.34% | 0.88% |
| DLF LIMITED | 0.33% | 0.33% |
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 0.33% | 0.82% |
| APL Apollo Tubes Ltd | 0.32% | 0.88% |
| Jindal Steel & Power Ltd | 0.32% | 0.48% |
| GAIL (India) Ltd. | 0.31% | 0.48% |
| Fortis Healthcare India Ltd | 0.30% | 0.42% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 0.29% |
| IDFC FIRST BANK LIMITED | 0.27% | 2.23% |
| INDUSIND BANK LTD. | 0.41% | 0.25% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.26% | 0.25% |
| YES BANK LTD. | 0.25% | 0.39% |
| Bharat Electronics Ltd. | 1.08% | 0.24% |
| GMR AIRPORTS LIMITED | 0.22% | 0.39% |
| Grasim Industries Ltd. | 0.66% | 0.21% |
| PUNJAB NATIONAL BANK | 0.21% | 1.46% |
| UNION BANK OF INDIA | 0.21% | 0.27% |
| Pidilite Industries Ltd. | 0.33% | 0.20% |
| UPL Ltd | 0.22% | 0.20% |
| MARICO LTD. | 0.33% | 0.19% |
| BANK OF BARODA | 0.19% | 0.90% |
| NMDC Ltd. | 0.19% | 0.29% |
| ETERNAL LIMITED | 1.22% | 0.18% |
| AMBUJA CEMENTS LTD. | 0.18% | 0.44% |
| GODREJ PROPERTIES LIMITED | 0.18% | 0.25% |
| CANARA BANK | 0.17% | 1.18% |
| Ashok Leyland Ltd. | 0.34% | 0.15% |
| Infosys Ltd. | 2.41% | 0.14% |
| Oil And Natural Gas Corporation Ltd. | 0.46% | 0.14% |
| Dabur India Ltd. | 0.13% | 0.47% |
| ICICI Prudential Life Insurance Co. Ltd. | 0.13% | 0.18% |
| Info Edge India Ltd. | 0.33% | 0.11% |
| Colgate- Palmolive (India) Ltd. | 0.16% | 0.11% |
| Hero MotoCorp Ltd. | 0.50% | 0.09% |
| United Spirits Ltd | 0.31% | 0.09% |
| PHOENIX MILLS LTD. | 0.29% | 0.08% |
| SRF LTD. | 0.26% | 0.08% |
| Mahindra & Mahindra Ltd. | 2.05% | 0.07% |
| Maruti Suzuki India Limited | 1.13% | 0.07% |
| Adani Ports and Special Economic Zone Limited | 0.83% | 0.07% |
| SBI Life Insurance Company Ltd | 0.61% | 0.05% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 0.55% | 0.04% |
| AU SMALL FINANCE BANK LTD. | 0.45% | 0.04% |
| Aurobindo Pharma Ltd. | 0.35% | 0.04% |
| Inter Globe Aviation Ltd | 0.75% | 0.03% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.39% | 0.02% |
| PB Fintech Ltd. | 0.29% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.1% means 48.1% 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 Kotak MSCI India ETF
| Security | % of fund |
|---|---|
| TATA CONSULTANCY SERVICES LTD. | 1.33% |
| TITAN COMPANY LTD. | 1.30% |
| HCL Technologies Ltd. | 0.87% |
| Eicher Motors Ltd. | 0.78% |
| TVS Motor Company Ltd. | 0.78% |
Largest holdings only in Old Bridge Arbitrage Fund
| Security | % of fund |
|---|---|
| 364 Days Tbill (MD 13/05/2027) | 5.70% |
| 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% |
| Glenmark Pharmaceuticals Limited | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak MSCI India ETF | Old Bridge Arbitrage |
|---|---|---|
| Equity | 100.0% | 79.4% |
| Debt | 0.0% | 11.5% |
| Cash and others | 0.0% | 9.1% |
Market cap of stocks
| Market cap | Kotak MSCI India ETF | Old Bridge Arbitrage |
|---|---|---|
| Large Cap | 80.6% | 64.1% |
| Mid Cap | 19.4% | 13.3% |
| Small Cap | 0.0% | 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 | Kotak MSCI India ETF | Old Bridge Arbitrage |
|---|---|---|
| Banks | 20.3% | 22.2% |
| Finance | 6.3% | 7.5% |
| Telecom - Services | 4.7% | 7.5% |
| IT - Software | 6.6% | 0.1% |
| Petroleum Products | 6.4% | 5.5% |
| Automobiles | 6.2% | 0.2% |
| Pharmaceuticals and Biotechnology | 5.6% | 0.0% |
| Ferrous Metals | 2.2% | 4.4% |
| Pharmaceuticals & Biotechnology | 0.0% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak MSCI India ETF vs Old Bridge Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak MSCI India ETF | Old Bridge Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.09% |
| Base expense ratio (Direct) | 0.00% | 0.12% |
| Total expense ratio (Regular) | Not available | 1.94% |
| Base expense ratio (Regular) | 0.17% | 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
Kotak MSCI India ETF vs Old Bridge Arbitrage Fund: Frequently Asked Questions
What is the difference between Kotak MSCI India ETF and Old Bridge Arbitrage Fund?
Kotak MSCI India ETF is an ETF fund, Old Bridge Arbitrage Fund is an Arbitrage fund, run by Kotak Mahindra Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 48.1%. Kotak MSCI India ETF charges 0.24% a year and Old Bridge Arbitrage Fund 1.09%.
Which has the lower expense ratio, Kotak MSCI India ETF or Old Bridge Arbitrage Fund?
Kotak MSCI India ETF charges less: 0.24% a year against 1.09%. These are the total expense ratios reported to AMFI.
How much do Kotak MSCI India ETF and Old Bridge Arbitrage Fund overlap?
48.1%. They hold 83 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak MSCI India ETF or Old Bridge Arbitrage Fund?
On SEBI's riskometer, Kotak MSCI India ETF is rated Very High and Old Bridge Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 13.78% and 1.68% a year.
Can I invest in both Kotak MSCI India ETF and Old Bridge Arbitrage Fund?
Yes. 48.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak MSCI India ETF and Old Bridge Arbitrage Fund?
Kotak MSCI India ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. 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.