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    Mirae Asset Arbitrage Fund vs Mirae Asset BSE 200 Equal Weight ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Mirae Asset Arbitrage Fund is an Arbitrage fund and Mirae Asset BSE 200 Equal Weight ETF is an ETF fund. In the year to 30-10-2026, Mirae Asset Arbitrage Fund (Direct) returned 6.7% and Mirae Asset BSE 200 Equal Weight ETF returned −5.5%. Mirae Asset Arbitrage Fund charges 2.48% a year and Mirae Asset BSE 200 Equal Weight ETF 0.51%. Their portfolios overlap 52.6%: they hold 155 of the same securities.

    Mirae Asset Arbitrage Fund

    Arbitrage

    1 year return
    6.7%
    Expense ratio
    2.48%
    NAV
    ₹14.71
    See Mirae Asset Arbitrage Fund

    Mirae Asset BSE 200 Equal Weight ETF

    ETF

    1 year return
    −5.5%
    Expense ratio
    0.51%
    NAV
    ₹12.75
    See Mirae Asset BSE 200 Equal Weight ETF

    Which is better, Mirae Asset Arbitrage or Mirae Asset BSE 200 Equal Weight ETF? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Mirae Asset Arbitrage returned more over 1 year: 6.7% against −5.5%.
    • Mirae Asset BSE 200 Equal Weight ETF costs less: 0.51% a year against 2.48%.
    • Mirae Asset Arbitrage fell less in its worst fall since 11-03-2025: −0.4% against −13.6%.
    • Mirae Asset BSE 200 Equal Weight ETF holds more in large companies: 48.5% of the fund in large caps against 37.6%.
    • Mirae Asset Arbitrage is the larger fund: ₹3,571 Cr against ₹20 Cr.
    • Their portfolios overlap 52.6%: 155 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

    FactMirae Asset Arbitrage FundMirae Asset BSE 200 Equal Weight ETF
    Fund houseMirae Asset Mutual FundMirae Asset Mutual Fund
    CategoryArbitrageETF
    AUM₹3,571 Cr (30-09-2026)₹20 Cr (30-09-2026)
    NAV₹14.71 (Direct)₹12.75
    Expense ratio (Direct)2.48%Not available
    Expense ratio (Regular)3.25%Not available
    RiskometerLowVery High
    BenchmarkNifty 50 Arbitrage IndexBSE 200 Equal Weight TRI (Total Return Index)
    Launch date19-06-202010-03-2025
    Minimum investment₹5,000On exchange in multiple of 1 unit. With AMC: In multiples of 8,00,000 units
    Lock inNoneNone
    Fund managersJignesh Rao, Jigar Sethia, Pranavi KulkarniEkta Gala, amp, Akshay Udeshi
    Exit loadExit Load : 0.25% If Redeemed or Switched Out within 15 days from the date of allotment. Nil after 15 Days.NIL

    Mirae Asset Arbitrage vs Mirae Asset BSE 200 Equal Weight ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Mirae Asset Arbitrage Fund (Direct)+0.62%+1.57%+3.33%+6.73%+7.35%+6.82%--
    Mirae Asset BSE 200 Equal Weight ETF−2.61%−8.04%−4.15%−5.50%------
    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.

    Mirae Asset Arbitrage vs Mirae Asset BSE 200 Equal Weight ETF: Year-wise Returns

    YearArbitrageMirae Asset ArbitrageBSE 200 Equal Weight ETFMirae Asset BSE 200 Equal Weight ETF
    2026to date+5.52%−5.39%
    2025+6.99%--
    2024+8.36%--
    2023+7.82%--
    2022+4.84%--
    2021+4.19%--

    Mirae Asset Arbitrage vs Mirae Asset BSE 200 Equal Weight ETF: Rolling Returns

    Every holding period of both funds, against BSE 200 EQUAL WEIGHT TRI, the benchmark of Mirae Asset BSE 200 Equal Weight ETF

    Rolling returns

    Every 1-year holding period, 157 of them, one for each trading day from 11-03-2026 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.

    −10%−5%0%5%10%15%
    Mar 2025
    to
    Mar 2026    May 2025
    to
    May 2026    Jun 2025
    to
    Jun 2026    Jul 2025
    to
    Jul 2026    Sept 2025
    to
    Sept 2026    Oct 2025
    to
    Oct 2026
    Mirae Asset Arbitrage Fund (Direct)Mirae Asset BSE 200 Equal Weight ETFBSE 200 EQUAL WEIGHT TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Mirae Asset Arbitrage0.00.0100.00.00.00.00.06.7%6.6%6.2%7.0%61%
    Mirae Asset BSE 200 Equal Weight ETF14.634.435.015.90.00.00.05.1%5.1%−6.6%13.5%0%
    BSE 200 EQUAL WEIGHT TRI14.035.033.817.20.00.00.05.2%5.2%−6.3%13.7%--

    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. The benchmark is BSE 200 EQUAL WEIGHT TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 11-03-2025. Past returns do not promise future returns.

    Mirae Asset Arbitrage vs Mirae Asset BSE 200 Equal Weight ETF: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Mirae Asset ArbitrageMirae Asset Arbitrage Fund (Direct) ₹2,00,000 ₹2,11,587 ₹11,587 6.6%
    Mirae Asset BSE 200 Equal Weight ETFMirae Asset BSE 200 Equal Weight ETF ₹2,00,000 ₹1,96,903 −₹3,097 −1.8%
    ₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
    2026
    Mirae Asset ArbitrageMirae Asset Arbitrage Fund (Direct)Mirae Asset BSE 200 Equal Weight ETFMirae Asset BSE 200 Equal Weight ETFAmount 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.

    Mirae Asset Arbitrage vs Mirae Asset BSE 200 Equal Weight ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureMirae Asset Arbitrage Fund (Direct)Mirae Asset BSE 200 Equal Weight ETF
    Return (CAGR)+6.73%−5.50%
    Standard deviation1.45%15.49%
    Sharpe ratio1.02-0.69
    Sortino ratio1.53-0.91
    Maximum drawdown−0.4% (06-08-2026)−13.6% (31-03-2026)
    Beta--1.00
    Alpha--−0.40%

    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.

    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.

    −15%−10%−5%0%
    2026
    Mirae Asset Arbitrage Fund (Direct)Mirae Asset BSE 200 Equal Weight ETFBSE 200 EQUAL WEIGHT TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Mirae Asset Arbitrage Fund (Direct)−0.4%03-08-202606-08-202631-08-202625 days−0.0%
    Mirae Asset BSE 200 Equal Weight ETF−13.6%07-01-202631-03-202622-06-20263 months−9.5%
    BSE 200 EQUAL WEIGHT TRI−13.5%07-01-202630-03-202618-06-20263 months−9.4%

    From daily values since 11-03-2025, 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.

    0%5%10%15%20%
    Mirae Asset Arbitrage Fund (Direct)Mirae Asset BSE 200 Equal Weight ETFBSE 200 EQUAL WEIGHT TRI

    Against BSE 200 EQUAL WEIGHT TRI

    FundUp captureDown captureTracking error
    Mirae Asset Arbitrage Fund (Direct)15%-16%17.06%
    Mirae Asset BSE 200 Equal Weight ETF100%101%0.24%

    From month-end values since 11-03-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.

    Mirae Asset Arbitrage vs Mirae Asset BSE 200 Equal Weight ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: Mirae Asset Arbitrage Fund, September 2026; Mirae Asset BSE 200 Equal Weight ETF, September 2026

    Holdings in common

    Overlap
    52.6%
    Held by both
    155
    Only in Mirae Asset Arbitrage
    41
    Only in Mirae Asset BSE 200 Equal Weight ETF
    45
    Security% of Mirae Asset Arbitrage% of Mirae Asset BSE 200 Equal Weight ETF
    Patanjali Foods Ltd.0.68%0.55%
    APL Apollo Tubes Ltd.0.92%0.52%
    Bharat Petroleum Corporation Ltd.0.63%0.52%
    Interglobe Aviation Ltd.0.61%0.52%
    Axis Bank Ltd.0.60%0.52%
    Aurobindo Pharma Ltd.0.67%0.51%
    TVS Motor Company Ltd.0.62%0.51%
    SRF Ltd.0.53%0.51%
    Tata Steel Ltd.0.52%0.51%
    Sun Pharmaceutical Industries Ltd.0.55%0.51%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.6% means 52.6% 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 Mirae Asset Arbitrage Fund

    Security% of fund
    Mirae Asset Liquid Fund-Direct Plan-Growth9.89%
    Mirae Asset Money Market Fund-Direct Plan-Growth4.94%
    BSE Ltd.0.91%
    Angel One Ltd.0.77%
    Multi Commodity Exchange of India Ltd.0.74%

    Largest holdings only in Mirae Asset BSE 200 Equal Weight ETF

    Security% of fund
    Abbott India Ltd.0.56%
    NTPC Green Energy Ltd.0.55%
    Meesho Ltd.0.55%
    JSW Infrastructure Ltd.0.55%
    LG Electronics India Ltd.0.54%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetMirae Asset ArbitrageMirae Asset BSE 200 Equal Weight ETF
    Equity73.5%99.9%
    Debt0.0%0.0%
    Cash and others26.5%0.1%

    Market cap of stocks

    Market capMirae Asset ArbitrageMirae Asset BSE 200 Equal Weight ETF
    Large Cap37.6%48.5%
    Mid Cap29.0%51.4%
    Small Cap6.8%0.0%

    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

    SectorMirae Asset ArbitrageMirae Asset BSE 200 Equal Weight ETF
    Banks6.7%9.0%
    Finance4.5%7.7%
    Pharmaceuticals & Biotechnology4.7%6.8%
    Capital Markets5.1%1.5%
    Power2.6%5.0%
    IT - Software3.5%5.0%
    Retailing3.0%4.6%
    Consumer Durables3.7%4.0%
    Automobiles3.7%3.9%

    The six largest sectors of each fund's stocks, % of the fund.

    Mirae Asset Arbitrage vs Mirae Asset BSE 200 Equal Weight ETF: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeMirae Asset Arbitrage FundMirae Asset BSE 200 Equal Weight ETF
    Total expense ratio (Direct)2.48%Not available
    Base expense ratio (Direct)0.13%0.00%
    Total expense ratio (Regular)3.25%Not available
    Base expense ratio (Regular)0.78%0.29%

    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

    Mirae Asset Arbitrage Fund vs Mirae Asset BSE 200 Equal Weight ETF: Frequently Asked Questions

    What is the difference between Mirae Asset Arbitrage Fund and Mirae Asset BSE 200 Equal Weight ETF?

    Mirae Asset Arbitrage Fund is an Arbitrage fund, Mirae Asset BSE 200 Equal Weight ETF is an ETF fund, run by Mirae Asset Mutual Fund. Their portfolios overlap 52.6%. Mirae Asset Arbitrage Fund charges 2.48% a year and Mirae Asset BSE 200 Equal Weight ETF 0.51%.

    Which has given higher returns, Mirae Asset Arbitrage Fund or Mirae Asset BSE 200 Equal Weight ETF?

    Over 1 year: Mirae Asset Arbitrage Fund +6.73%, Mirae Asset BSE 200 Equal Weight ETF −5.50%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Mirae Asset Arbitrage Fund or Mirae Asset BSE 200 Equal Weight ETF?

    Mirae Asset BSE 200 Equal Weight ETF charges less: 0.51% a year against 2.48%. These are the total expense ratios reported to AMFI.

    How much do Mirae Asset Arbitrage Fund and Mirae Asset BSE 200 Equal Weight ETF overlap?

    52.6%. They hold 155 of the same securities, the largest shared ones being PATANJALI, APLAPOLLO, BPCL. From each fund's latest monthly portfolio.

    Which is riskier, Mirae Asset Arbitrage Fund or Mirae Asset BSE 200 Equal Weight ETF?

    On SEBI's riskometer, Mirae Asset Arbitrage Fund is rated Low and Mirae Asset BSE 200 Equal Weight ETF Very High. Over 1 years, the standard deviation of daily returns was 1.45% and 15.49% a year.

    Can I invest in both Mirae Asset Arbitrage Fund and Mirae Asset BSE 200 Equal Weight ETF?

    Yes. 52.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages Mirae Asset Arbitrage Fund and Mirae Asset BSE 200 Equal Weight ETF?

    Mirae Asset Arbitrage Fund: Jignesh Rao, Jigar Sethia, Pranavi Kulkarni. Mirae Asset BSE 200 Equal Weight ETF: Ekta Gala, amp, Akshay Udeshi.

    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.

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