Old Bridge Arbitrage Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Old Bridge Arbitrage Fund is an Arbitrage fund and SBI BSE 100 ETF is a mutual fund. Old Bridge Arbitrage Fund charges 1.09% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 46.4%: they hold 66 of the same securities.
Which is better, Old Bridge Arbitrage or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI BSE 100 ETF costs less: 0.16% a year against 1.09%.
- Old Bridge Arbitrage fell less in its worst fall since 14-11-2025: −0.7% against −15.0%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 64.1%.
- Old Bridge Arbitrage is the larger fund: ₹254 Cr against ₹9 Cr.
- Their portfolios overlap 46.4%: 66 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 BSE 100 ETF |
|---|---|---|
| Fund house | Old Bridge Mutual Fund | SBI Mutual Fund |
| Category | Arbitrage | Not available |
| AUM | ₹254 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹10.62 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 1.09% | Not available |
| Expense ratio (Regular) | 1.94% | 0.16% |
| Riskometer | Low | Not available |
| Benchmark | Nifty 50 Arbitrage TRI | Not available |
| Launch date | 13-11-2025 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Kenneth Joseph Andrade | Not available |
| Exit load | Exit load of 0.25%, if redeemed within 7 Days. | Not available |
Old Bridge Arbitrage vs SBI BSE 100 ETF: 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 BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Old Bridge Arbitrage vs SBI BSE 100 ETF: Year-wise Returns
| Year | Old Bridge ArbitrageOld Bridge Arbitrage | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | +5.31% | −9.80% |
| 2025 | -- | +10.33% |
| 2024 | -- | +13.11% |
| 2023 | -- | +23.07% |
| 2022 | -- | +5.85% |
| 2021 | -- | +26.33% |
Old Bridge Arbitrage vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Old Bridge Arbitrage vs SBI BSE 100 ETF: 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 BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +6.43% | +10.40% |
| Standard deviation | 1.68% | 15.99% |
| Sharpe ratio | 0.71 | 0.30 |
| Sortino ratio | 1.06 | 0.40 |
| Maximum drawdown | −0.7% (29-05-2026) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
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 BSE 100 ETF (Regular)
BSE 100 TRI
| 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 BSE 100 ETF (Regular) | −15.0% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.6% |
| BSE 100 TRI | −15.0% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.4% |
From daily values since 14-11-2025, the first day every fund has.
Old Bridge Arbitrage vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Old Bridge Arbitrage Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 46.4%
- Held by both
- 66
- Only in Old Bridge Arbitrage
- 31
- Only in SBI BSE 100 ETF
- 34
| Security | % of Old Bridge Arbitrage | % of SBI BSE 100 ETF |
|---|---|---|
| Reliance Industries Limited | 5.43% | 6.01% |
| ICICI Bank Limited | 5.25% | 7.24% |
| HDFC Bank Limited | 4.76% | 8.26% |
| Bharti Airtel Limited | 3.72% | 4.18% |
| Axis Bank Limited | 2.36% | 2.68% |
| State Bank of India | 1.33% | 3.04% |
| Tata Steel Limited | 2.44% | 1.16% |
| Shriram Finance Limited | 2.97% | 1.04% |
| Hindalco Industries Limited | 1.22% | 1.03% |
| UltraTech Cement Limited | 1.36% | 0.98% |
| JSW Steel Limited | 1.47% | 0.91% |
| Divi's Laboratories Limited | 1.28% | 0.90% |
| Larsen & Toubro Limited | 0.80% | 3.35% |
| Coal India Limited | 0.79% | 0.78% |
| Bajaj Finserv Limited | 0.80% | 0.74% |
| Hindustan Aeronautics Limited | 1.21% | 0.66% |
| Apollo Hospitals Enterprise Limited | 1.05% | 0.63% |
| The Federal Bank Limited | 0.72% | 0.60% |
| Power Grid Corporation of India Limited | 0.60% | 0.91% |
| Kotak Mahindra Bank Ltd | 0.59% | 2.34% |
| Sun Pharmaceutical Industries Limited | 0.58% | 1.50% |
| Hindustan Unilever Limited | 0.56% | 1.28% |
| Jio Financial Services Limited | 1.23% | 0.55% |
| The Indian Hotels Company Limited | 0.83% | 0.49% |
| Bajaj Finance Ltd | 0.48% | 1.96% |
| Tata Consumer Products Limited | 1.30% | 0.47% |
| Tata Power Company Limited | 1.52% | 0.46% |
| Varun Beverages Ltd | 0.96% | 0.45% |
| Asian Paints Limited | 0.43% | 0.83% |
| HDFC Life Insurance Company Limited | 0.84% | 0.42% |
| NTPC Limited | 0.42% | 1.17% |
| IDFC First Bank Limited | 2.23% | 0.41% |
| ITC Limited | 0.38% | 1.94% |
| Indus Towers Limited | 3.73% | 0.37% |
| Power Finance Corporation Limited | 0.88% | 0.36% |
| HDFC Asset Management Company Limited | 1.89% | 0.35% |
| GAIL (India) Limited | 0.48% | 0.35% |
| Bank of Baroda | 0.90% | 0.33% |
| DLF Limited | 0.33% | 0.33% |
| Canara Bank | 1.18% | 0.31% |
| Punjab National Bank | 1.46% | 0.30% |
| CG Power and Industrial Solutions Limited | 0.29% | 0.44% |
| Yes Bank Limited | 0.39% | 0.28% |
| IndusInd Bank Limited | 0.25% | 0.45% |
| Godrej Consumer Products Limited | 0.25% | 0.26% |
| Bharat Electronics Limited | 0.24% | 1.07% |
| Grasim Industries Limited | 0.21% | 0.87% |
| Pidilite Industries Limited | 0.20% | 0.34% |
| Marico Limited | 0.19% | 0.32% |
| Eternal Limited | 0.18% | 1.76% |
| Ashok Leyland Limited | 0.15% | 0.33% |
| Oil & Natural Gas Corporation Limited | 0.14% | 0.67% |
| Infosys Limited | 0.14% | 2.68% |
| Info Edge India Ltd | 0.11% | 0.36% |
| Hero MotoCorp Limited | 0.09% | 0.51% |
| United Spirits Limited | 0.09% | 0.30% |
| SRF Limited | 0.08% | 0.27% |
| Mahindra & Mahindra Limited | 0.07% | 2.01% |
| Adani Ports and Special Economic Zone Limited | 0.07% | 1.07% |
| Maruti Suzuki India Limited | 0.07% | 1.18% |
| SBI Life Insurance Company Limited | 0.05% | 0.58% |
| Cholamandalam Investment and Finance Company Limited | 0.04% | 0.54% |
| AU Small Finance Bank Limited | 0.04% | 0.44% |
| InterGlobe Aviation Limited | 0.03% | 0.85% |
| Bharat Petroleum Corporation Limited | 0.02% | 0.45% |
| PB Fintech Limited | 0.01% | 0.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.4% means 46.4% 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% |
| Bharat Heavy Electricals Limited | 1.93% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Tata Consultancy Services Ltd. | 1.58% |
| Titan Company Ltd. | 1.43% |
| HCL Technologies Ltd. | 0.99% |
| Bajaj Auto Ltd. | 0.88% |
| Adani Enterprises Ltd. | 0.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Old Bridge Arbitrage | SBI BSE 100 ETF |
|---|---|---|
| Equity | 79.4% | 100.0% |
| Debt | 11.5% | 0.0% |
| Cash and others | 9.1% | 0.0% |
Market cap of stocks
| Market cap | Old Bridge Arbitrage | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 64.1% | 90.2% |
| Mid Cap | 13.3% | 9.7% |
| Small Cap | 1.9% | 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 | Old Bridge Arbitrage | SBI BSE 100 ETF |
|---|---|---|
| Banks | 22.2% | 26.7% |
| Finance | 7.5% | 5.8% |
| IT - Software | 0.1% | 7.5% |
| Telecom - Services | 7.5% | 4.5% |
| Petroleum Products | 5.5% | 6.8% |
| Automobiles | 0.2% | 6.5% |
| Ferrous Metals | 4.4% | 2.1% |
| Pharmaceuticals & Biotechnology | 4.2% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Old Bridge Arbitrage vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Old Bridge Arbitrage Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | Not available |
| Base expense ratio (Direct) | 0.12% | 0.00% |
| Total expense ratio (Regular) | 1.94% | 0.16% |
| Base expense ratio (Regular) | 0.84% | 0.12% |
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
Old Bridge Arbitrage Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Old Bridge Arbitrage Fund and SBI BSE 100 ETF?
Old Bridge Arbitrage Fund is an Arbitrage fund, SBI BSE 100 ETF is a mutual fund, run by Old Bridge Mutual Fund and SBI Mutual Fund. Their portfolios overlap 46.4%. Old Bridge Arbitrage Fund charges 1.09% a year and SBI BSE 100 ETF 0.16%.
Which has the lower expense ratio, Old Bridge Arbitrage Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 1.09%. These are the total expense ratios reported to AMFI.
How much do Old Bridge Arbitrage Fund and SBI BSE 100 ETF overlap?
46.4%. They hold 66 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both Old Bridge Arbitrage Fund and SBI BSE 100 ETF?
Yes. 46.4% 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.