Old Bridge Arbitrage Fund vs SBI Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Old Bridge Arbitrage Fund and SBI Arbitrage Fund are both Arbitrage funds. Old Bridge Arbitrage Fund charges 1.09% a year and SBI Arbitrage Fund 1.47% (Direct plans). Their portfolios overlap 48.1%: they hold 92 of the same securities.
Which is better, Old Bridge 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.
- Old Bridge Arbitrage costs less: 1.09% a year against 1.47% (Direct plans).
- SBI Arbitrage fell less in its worst fall since 14-11-2025: −0.5% against −0.7%.
- SBI Arbitrage is the larger fund: ₹46,309 Cr against ₹254 Cr.
- Their portfolios overlap 48.1%: 92 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 | Old Bridge Arbitrage Fund | SBI Arbitrage Fund |
|---|---|---|
| Fund house | Old Bridge Mutual Fund | SBI Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹254 Cr (30-09-2026) | ₹46,309 Cr (30-09-2026) |
| NAV | ₹10.62 (Direct) | ₹39.08 (Direct) |
| Expense ratio (Direct) | 1.09% | 1.47% |
| Expense ratio (Regular) | 1.94% | 1.99% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 13-11-2025 | 03-11-2006 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Kenneth Joseph Andrade | Neeraj Kumar - Equity, Ardhendu Bhattacharya |
| Exit load | Exit load of 0.25%, if redeemed within 7 Days. | Exit load of 0.25%, if redeemed within 15 Days. |
Old Bridge 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 |
|---|---|---|---|---|---|---|---|
| Old Bridge Arbitrage Fund (Direct) | +0.55% | +1.49% | +3.19% | -- | -- | -- | -- |
| 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.
Old Bridge Arbitrage vs SBI Arbitrage: Year-wise Returns
| Year | Old BridgeOld Bridge Arbitrage | SBISBI Arbitrage |
|---|---|---|
| 2026to date | +5.31% | +5.39% |
| 2025 | -- | +7.05% |
| 2024 | -- | +8.11% |
| 2023 | -- | +7.98% |
| 2022 | -- | +5.09% |
| 2021 | -- | +4.43% |
Old Bridge Arbitrage vs SBI Arbitrage: Rolling Returns
Every holding period of both funds
Old Bridge Arbitrage vs SBI Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Old Bridge Arbitrage Fund (Direct) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.43% | +6.84% |
| Standard deviation | 1.68% | 1.07% |
| Sharpe ratio | 0.71 | 0.74 |
| Sortino ratio | 1.06 | 1.11 |
| Maximum drawdown | −0.7% (29-05-2026) | −0.7% (25-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 14-11-2025 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.
Old Bridge 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 |
|---|---|---|---|---|---|---|
| Old Bridge Arbitrage Fund (Direct) | −0.7% | 18-05-2026 | 29-05-2026 | 04-06-2026 | 6 days | −0.1% |
| SBI Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.1% |
From daily values since 14-11-2025, the first day every fund has.
Old Bridge Arbitrage vs SBI Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Old Bridge Arbitrage Fund, September 2026; SBI Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 48.1%
- Held by both
- 92
- Only in Old Bridge Arbitrage
- 5
- Only in SBI Arbitrage
- 104
| Security | % of Old Bridge Arbitrage | % of SBI Arbitrage |
|---|---|---|
| Reliance Industries Limited | 5.43% | 5.58% |
| HDFC Bank Limited | 4.76% | 4.92% |
| ICICI Bank Limited | 5.25% | 2.75% |
| Bharti Airtel Limited | 3.72% | 2.39% |
| Axis Bank Limited | 2.36% | 2.31% |
| Tata Steel Limited | 2.44% | 1.59% |
| JSW Steel Limited | 1.47% | 1.58% |
| State Bank of India | 1.33% | 3.68% |
| Hindustan Aeronautics Limited | 1.21% | 1.16% |
| Divi's Laboratories Limited | 1.28% | 1.09% |
| Canara Bank | 1.18% | 0.89% |
| Power Finance Corporation Limited | 0.88% | 0.88% |
| Larsen & Toubro Limited | 0.80% | 0.87% |
| Coal India Limited | 0.79% | 0.90% |
| Punjab National Bank | 1.46% | 0.78% |
| Bank of Baroda | 0.90% | 0.78% |
| Jio Financial Services Limited | 1.23% | 0.77% |
| Varun Beverages Ltd | 0.96% | 0.76% |
| IDFC First Bank Limited | 2.23% | 0.73% |
| Bharat Heavy Electricals Limited | 1.93% | 0.72% |
| The Federal Bank Limited | 0.72% | 0.74% |
| The Indian Hotels Company Limited | 0.83% | 0.70% |
| Tata Power Company Limited | 1.52% | 0.64% |
| Tata Consumer Products Limited | 1.30% | 0.62% |
| Indus Towers Limited | 3.73% | 0.61% |
| Kotak Mahindra Bank Ltd | 0.59% | 0.85% |
| Hindustan Unilever Limited | 0.56% | 0.56% |
| Hindalco Industries Limited | 1.22% | 0.54% |
| Glenmark Pharmaceuticals Limited | 1.76% | 0.48% |
| Bajaj Finance Ltd | 0.48% | 1.57% |
| Shriram Finance Limited | 2.97% | 0.45% |
| Ambuja Cements Limited | 0.44% | 0.59% |
| UltraTech Cement Limited | 1.36% | 0.42% |
| NTPC Limited | 0.42% | 0.55% |
| Multi Commodity Exchange of India Limited | 0.82% | 0.41% |
| GMR Airports Limited | 0.39% | 0.40% |
| APL Apollo Tubes Limited | 0.88% | 0.38% |
| ITC Limited | 0.38% | 0.93% |
| Biocon Limited | 0.55% | 0.37% |
| HDFC Asset Management Company Limited | 1.89% | 0.36% |
| Crompton Greaves Consumer Electricals Limited | 0.64% | 0.32% |
| NMDC Limited | 0.29% | 0.42% |
| Apollo Hospitals Enterprise Limited | 1.05% | 0.27% |
| Union Bank of India | 0.27% | 0.37% |
| IndusInd Bank Limited | 0.25% | 0.43% |
| Godrej Properties Limited | 0.25% | 0.24% |
| Bharat Electronics Limited | 0.24% | 1.36% |
| Sun Pharmaceutical Industries Limited | 0.58% | 0.22% |
| Bank of India | 0.51% | 0.22% |
| Swiggy Limited | 0.65% | 0.21% |
| HDFC Life Insurance Company Limited | 0.84% | 0.19% |
| Dabur India Limited | 0.47% | 0.18% |
| Jindal Steel Limited | 0.48% | 0.16% |
| Fortis Healthcare Limited | 0.42% | 0.16% |
| Eternal Limited | 0.18% | 0.16% |
| Godrej Consumer Products Limited | 0.25% | 0.14% |
| Ashok Leyland Limited | 0.15% | 0.14% |
| Oil & Natural Gas Corporation Limited | 0.14% | 0.14% |
| Infosys Limited | 0.14% | 0.59% |
| Power Grid Corporation of India Limited | 0.60% | 0.13% |
| LIC Housing Finance Limited | 1.11% | 0.12% |
| Bharat Forge Limited | 0.49% | 0.11% |
| Delhivery Limited | 0.13% | 0.11% |
| Info Edge India Ltd | 0.11% | 0.39% |
| Asian Paints Limited | 0.43% | 0.09% |
| UPL Limited | 0.20% | 0.09% |
| Marico Limited | 0.19% | 0.09% |
| Bajaj Finserv Limited | 0.80% | 0.08% |
| SRF Limited | 0.08% | 0.19% |
| The Phoenix Mills Limited | 0.08% | 0.09% |
| Mahindra & Mahindra Limited | 0.07% | 0.44% |
| Adani Ports and Special Economic Zone Limited | 0.07% | 0.46% |
| Maruti Suzuki India Limited | 0.07% | 0.60% |
| Container Corporation of India Limited | 0.07% | 0.15% |
| GAIL (India) Limited | 0.48% | 0.06% |
| Hero MotoCorp Limited | 0.09% | 0.06% |
| United Spirits Limited | 0.09% | 0.06% |
| DLF Limited | 0.33% | 0.05% |
| Inox Wind Limited | 0.05% | 0.09% |
| SBI Life Insurance Company Limited | 0.05% | 0.07% |
| ICICI Prudential Life Insurance Company Limited | 0.18% | 0.04% |
| Colgate Palmolive (India) Limited | 0.11% | 0.04% |
| Aurobindo Pharma Limited | 0.04% | 0.34% |
| Cholamandalam Investment and Finance Company Limited | 0.04% | 0.49% |
| AU Small Finance Bank Limited | 0.04% | 0.21% |
| CG Power and Industrial Solutions Limited | 0.29% | 0.03% |
| Grasim Industries Limited | 0.21% | 0.03% |
| InterGlobe Aviation Limited | 0.03% | 0.10% |
| Pidilite Industries Limited | 0.20% | 0.02% |
| Indian Energy Exchange Limited | 0.02% | 0.05% |
| Bharat Petroleum Corporation Limited | 0.02% | 0.09% |
| PB Fintech Limited | 0.01% | 0.07% |
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 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% |
| Yes Bank Limited | 0.39% |
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% |
| Adani Enterprises Ltd. | 1.41% |
| Vodafone Idea Ltd. | 1.10% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Old Bridge Arbitrage | SBI Arbitrage |
|---|---|---|
| Equity | 79.4% | 77.2% |
| Debt | 11.5% | 6.5% |
| Cash and others | 9.1% | 16.4% |
Market cap of stocks
| Market cap | Old Bridge Arbitrage | SBI Arbitrage |
|---|---|---|
| Large Cap | 64.1% | 61.8% |
| Mid Cap | 13.3% | 13.2% |
| Small Cap | 1.9% | 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 | Old Bridge Arbitrage | SBI Arbitrage |
|---|---|---|
| Banks | 22.2% | 20.0% |
| Finance | 7.5% | 5.7% |
| Telecom - Services | 7.5% | 4.1% |
| Petroleum Products | 5.5% | 6.3% |
| Ferrous Metals | 4.4% | 3.8% |
| Power | 2.5% | 4.3% |
| Pharmaceuticals & Biotechnology | 4.2% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
Old Bridge Arbitrage vs SBI Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Old Bridge Arbitrage Fund | SBI Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 1.47% |
| Base expense ratio (Direct) | 0.12% | 0.34% |
| Total expense ratio (Regular) | 1.94% | 1.99% |
| Base expense ratio (Regular) | 0.84% | 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 Old Bridge Arbitrage with
Old Bridge Arbitrage Fund vs SBI Arbitrage Fund: Frequently Asked Questions
What is the difference between Old Bridge Arbitrage Fund and SBI Arbitrage Fund?
Both are Arbitrage funds, run by Old Bridge Mutual Fund and SBI Mutual Fund. Their portfolios overlap 48.1%. Old Bridge Arbitrage Fund charges 1.09% a year and SBI Arbitrage Fund 1.47%.
Which has the lower expense ratio, Old Bridge Arbitrage Fund or SBI Arbitrage Fund?
Old Bridge Arbitrage Fund charges less: 1.09% a year against 1.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Old Bridge Arbitrage Fund and SBI Arbitrage Fund overlap?
48.1%. They hold 92 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Old Bridge Arbitrage Fund or SBI Arbitrage Fund?
On SEBI's riskometer, Old Bridge Arbitrage Fund is rated Low and SBI Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.68% and 1.07% a year.
Can I invest in both Old Bridge Arbitrage Fund and SBI 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 Old Bridge Arbitrage Fund and SBI Arbitrage Fund?
Old Bridge Arbitrage Fund: Kenneth Joseph Andrade. 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.