Nippon India Index Fund - BSE Sensex Plan vs Samco Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Index Fund - BSE Sensex Plan is a mutual fund and Samco Arbitrage Fund is an Arbitrage fund. In the year to 30-10-2026, Nippon India Index Fund - BSE Sensex Plan (Direct) returned −11.1% and Samco Arbitrage Fund (Direct) returned 5.2%. Nippon India Index Fund - BSE Sensex Plan charges 0.21% a year and Samco Arbitrage Fund 1.09% (Direct plans). Their portfolios overlap 44.0%: they hold 11 of the same securities.
Nippon India Index Fund - BSE Sensex Plan
- 1 year return
- −11.1%
- Expense ratio
- 0.21%
- NAV
- ₹40.54
Which is better, Nippon India Index Fund - BSE Sensex Plan or Samco Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Samco Arbitrage returned more over 1 year: 5.2% against −11.1%.
- Nippon India Index Fund - BSE Sensex Plan costs less: 0.21% a year against 1.09% (Direct plans).
- Samco Arbitrage fell less in its worst fall since 29-11-2024: −0.6% against −16.1%.
- Nippon India Index Fund - BSE Sensex Plan holds more in large companies: 100.0% of the fund in large caps against 69.8%.
- Nippon India Index Fund - BSE Sensex Plan is the larger fund: ₹874 Cr against ₹26 Cr.
- Their portfolios overlap 44.0%: 11 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 | Nippon India Index Fund - BSE Sensex Plan | Samco Arbitrage Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Samco Mutual Fund |
| Category | Not available | Arbitrage |
| AUM | ₹874 Cr (30-09-2026) | ₹26 Cr (30-09-2026) |
| NAV | ₹40.54 (Direct) | ₹11.04 (Direct) |
| Expense ratio (Direct) | 0.21% | 1.09% |
| Expense ratio (Regular) | 0.51% | 2.54% |
| Riskometer | Not available | Low |
| Benchmark | Not available | Nifty 50 Arbitrage TRI |
| Launch date | Not available | 27-11-2024 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Umeshkumar Mehta, Nirali Bhansali, Dhawal Dhanani, Vishal Shinde, Manish Naiya |
| Exit load | Not available | •0.25% If the investment is redeemed or switched out on or before 7 days from the date of allotment of units. • .No Exit Load will be charged if investment is redeemed or switched out after 7 days from the date of allotment of units. |
Nippon India Index Fund - BSE Sensex Plan vs Samco 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Index Fund - BSE Sensex Plan (Direct) | +2.75% | −4.34% | −2.51% | −11.13% | +6.05% | +5.67% | +11.29% |
| Samco Arbitrage Fund (Direct) | +0.55% | +1.28% | +2.60% | +5.24% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Nippon India Index Fund - BSE Sensex Plan vs Samco Arbitrage: Year-wise Returns
| Year | Nippon India Index Fund - BSE Sensex PlanNippon India Index Fund - BSE Sensex Plan | Samco ArbitrageSamco Arbitrage |
|---|---|---|
| 2026to date | −11.98% | +4.35% |
| 2025 | +10.11% | +5.27% |
| 2024 | +9.16% | -- |
| 2023 | +20.12% | -- |
| 2022 | +5.57% | -- |
| 2021 | +22.85% | -- |
Nippon India Index Fund - BSE Sensex Plan vs Samco Arbitrage: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Nippon India Index Fund - BSE Sensex Plan
Rolling returns
Every 1-year holding period, 225 of them, one for each trading day from 01-12-2025 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.
Nippon India Index Fund - BSE Sensex Plan (Direct)
Samco Arbitrage Fund (Direct)
BSE SENSEX TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Index Fund - BSE Sensex Plan | 62.7 | 8.0 | 21.8 | 7.6 | 0.0 | 0.0 | 0.0 | −1.0% | −3.3% | −12.8% | 11.6% | 0% |
| Samco Arbitrage | 0.0 | 14.2 | 85.8 | 0.0 | 0.0 | 0.0 | 0.0 | 5.2% | 5.2% | 4.8% | 5.6% | 71% |
| BSE SENSEX TRI | 62.7 | 7.1 | 21.3 | 8.9 | 0.0 | 0.0 | 0.0 | −0.7% | −3.1% | −12.6% | 11.8% | -- |
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. The benchmark is BSE SENSEX 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 29-11-2024. Past returns do not promise future returns.
Nippon India Index Fund - BSE Sensex Plan vs Samco 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 04-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Index Fund - BSE Sensex PlanNippon India Index Fund - BSE Sensex Plan (Direct) | ₹2,40,000 | ₹2,28,702 | −₹11,298 | −4.6% |
| Samco ArbitrageSamco Arbitrage Fund (Direct) | ₹2,40,000 | ₹2,52,933 | ₹12,933 | 5.2% |
Nippon India Index Fund - BSE Sensex PlanNippon India Index Fund - BSE Sensex Plan (Direct)
Samco ArbitrageSamco 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.
Nippon India Index Fund - BSE Sensex Plan vs Samco Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Index Fund - BSE Sensex Plan (Direct) | Samco Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.13% | +5.24% |
| Standard deviation | 13.83% | 1.83% |
| Sharpe ratio | -1.18 | -0.00 |
| Sortino ratio | -1.59 | -0.00 |
| Maximum drawdown | −16.1% (31-03-2026) | −0.6% (06-08-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.23% | -- |
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 | Nippon India Index Fund - BSE Sensex Plan (Direct) | Samco Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.93% | +5.30% |
| Standard deviation | 15.65% | 1.56% |
| Sharpe ratio | 0.31 | -0.20 |
| Sortino ratio | 0.43 | -0.29 |
| Maximum drawdown | −37.1% (23-03-2020) | −0.6% (06-08-2026) |
| Beta | 0.98 | -- |
| Alpha | −0.49% | -- |
From daily NAVs, 02-01-2013 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.
Nippon India Index Fund - BSE Sensex Plan (Direct)
Samco Arbitrage Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Index Fund - BSE Sensex Plan (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.5% |
| Samco Arbitrage Fund (Direct) | −0.6% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.1% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 29-11-2024, 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.
Nippon India Index Fund - BSE Sensex Plan (Direct)
Samco Arbitrage Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India Index Fund - BSE Sensex Plan (Direct) | 99% | 100% | 0.03% |
| Samco Arbitrage Fund (Direct) | 14% | -12% | 14.47% |
From month-end values since 29-11-2024. 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.
Nippon India Index Fund - BSE Sensex Plan vs Samco Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Index Fund - BSE Sensex Plan, September 2026; Samco Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 44.0%
- Held by both
- 11
- Only in Nippon India Index Fund - BSE Sensex Plan
- 19
- Only in Samco Arbitrage
- 6
| Security | % of Nippon India Index Fund - BSE Sensex Plan | % of Samco Arbitrage |
|---|---|---|
| HDFC Bank Limited | 12.59% | 7.80% |
| Reliance Industries Limited | 9.15% | 7.08% |
| Bharti Airtel Limited | 6.38% | 9.32% |
| Axis Bank Limited | 4.08% | 3.83% |
| Kotak Mahindra Bank Limited | 3.57% | 3.85% |
| Mahindra & Mahindra Limited | 3.07% | 3.63% |
| Bajaj Finance Limited | 2.99% | 3.05% |
| ITC Limited | 2.96% | 3.49% |
| ICICI Bank Limited | 11.03% | 2.85% |
| Titan Company Limited | 2.18% | 4.33% |
| InterGlobe Aviation Limited | 1.30% | 4.89% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.0% means 44.0% 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 Nippon India Index Fund - BSE Sensex Plan
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 5.10% |
| State Bank of India | 4.64% |
| Infosys Limited | 4.08% |
| Eternal Limited | 2.69% |
| Tata Consultancy Services Limited | 2.41% |
Largest holdings only in Samco Arbitrage Fund
| Security | % of fund |
|---|---|
| One 97 Communications Limited | 7.02% |
| Vodafone Idea Limited | 4.28% |
| Shriram Finance Limited | 4.06% |
| Eicher Motors Limited | 3.58% |
| Hindalco Industries Limited | 2.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Index Fund - BSE Sensex Plan | Samco Arbitrage |
|---|---|---|
| Equity | 100.0% | 76.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 23.1% |
Market cap of stocks
| Market cap | Nippon India Index Fund - BSE Sensex Plan | Samco Arbitrage |
|---|---|---|
| Large Cap | 100.0% | 69.8% |
| Mid Cap | 0.0% | 7.0% |
| Small Cap | 0.0% | 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
| Sector | Nippon India Index Fund - BSE Sensex Plan | Samco Arbitrage |
|---|---|---|
| Banks | 35.9% | 18.3% |
| Telecom - Services | 6.4% | 13.6% |
| Petroleum Products | 9.2% | 7.1% |
| IT - Software | 9.1% | 0.0% |
| Automobiles | 4.9% | 7.2% |
| Finance | 4.1% | 7.1% |
| Financial Technology (Fintech) | 0.0% | 7.0% |
| Construction | 5.1% | 0.0% |
| Diversified FMCG | 4.9% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Index Fund - BSE Sensex Plan vs Samco Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Index Fund - BSE Sensex Plan | Samco Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.21% | 1.09% |
| Base expense ratio (Direct) | 0.17% | 0.32% |
| Total expense ratio (Regular) | 0.51% | 2.54% |
| Base expense ratio (Regular) | 0.42% | 1.55% |
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
Nippon India Index Fund - BSE Sensex Plan vs Samco Arbitrage Fund: Frequently Asked Questions
What is the difference between Nippon India Index Fund - BSE Sensex Plan and Samco Arbitrage Fund?
Nippon India Index Fund - BSE Sensex Plan is a mutual fund, Samco Arbitrage Fund is an Arbitrage fund, run by Nippon India Mutual Fund and Samco Mutual Fund. Their portfolios overlap 44.0%. Nippon India Index Fund - BSE Sensex Plan charges 0.21% a year and Samco Arbitrage Fund 1.09%.
Which has given higher returns, Nippon India Index Fund - BSE Sensex Plan or Samco Arbitrage Fund?
Over 1 year: Nippon India Index Fund - BSE Sensex Plan −11.13%, Samco Arbitrage Fund +5.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Index Fund - BSE Sensex Plan or Samco Arbitrage Fund?
Nippon India Index Fund - BSE Sensex Plan charges less: 0.21% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Index Fund - BSE Sensex Plan and Samco Arbitrage Fund overlap?
44.0%. They hold 11 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, BHARTIARTL. From each fund's latest monthly portfolio.
Can I invest in both Nippon India Index Fund - BSE Sensex Plan and Samco Arbitrage Fund?
Yes. 44.0% 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.