Old Bridge Arbitrage Fund vs Tata Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Old Bridge Arbitrage Fund and Tata Arbitrage Fund are both Arbitrage funds. Old Bridge Arbitrage Fund charges 1.09% a year and Tata Arbitrage Fund 1.57% (Direct plans). Their portfolios overlap 42.6%: they hold 82 of the same securities.
Which is better, Old Bridge Arbitrage or Tata 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 1.57% (Direct plans).
- Tata Arbitrage fell less in its worst fall since 14-11-2025: −0.4% against −0.7%.
- Old Bridge Arbitrage holds more in large companies: 64.1% of the fund in large caps against 50.0%.
- Tata Arbitrage is the larger fund: ₹24,539 Cr against ₹254 Cr.
- Their portfolios overlap 42.6%: 82 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 | Tata Arbitrage Fund |
|---|---|---|
| Fund house | Old Bridge Mutual Fund | Tata Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹254 Cr (30-09-2026) | ₹24,539 Cr (30-09-2026) |
| NAV | ₹10.62 (Direct) | ₹16.46 (Direct) |
| Expense ratio (Direct) | 1.09% | 1.57% |
| Expense ratio (Regular) | 1.94% | 2.25% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 13-11-2025 | 18-12-2018 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Kenneth Joseph Andrade | Sailesh Jain |
| 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 Tata 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% | -- | -- | -- | -- |
| Tata Arbitrage Fund (Direct) | +0.50% | +1.52% | +3.24% | +6.77% | +7.43% | +6.90% | -- |
| 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.
Old Bridge Arbitrage vs Tata Arbitrage: Year-wise Returns
| Year | Old BridgeOld Bridge Arbitrage | TataTata Arbitrage |
|---|---|---|
| 2026to date | +5.31% | +5.46% |
| 2025 | -- | +7.26% |
| 2024 | -- | +8.36% |
| 2023 | -- | +7.93% |
| 2022 | -- | +4.86% |
| 2021 | -- | +4.54% |
Old Bridge Arbitrage vs Tata Arbitrage: Rolling Returns
Every holding period of both funds
Old Bridge Arbitrage vs Tata 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) | Tata Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.43% | +6.55% |
| Standard deviation | 1.68% | 1.01% |
| Sharpe ratio | 0.71 | 1.32 |
| Sortino ratio | 1.06 | 2.01 |
| Maximum drawdown | −0.7% (29-05-2026) | −0.6% (03-06-2020) |
| 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)
Tata 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% |
| Tata Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
From daily values since 14-11-2025, the first day every fund has.
Old Bridge Arbitrage vs Tata Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Old Bridge Arbitrage Fund, September 2026; Tata Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 42.6%
- Held by both
- 82
- Only in Old Bridge Arbitrage
- 15
- Only in Tata Arbitrage
- 99
| Security | % of Old Bridge Arbitrage | % of Tata Arbitrage |
|---|---|---|
| HDFC Bank Limited | 4.76% | 7.89% |
| ICICI Bank Limited | 5.25% | 4.34% |
| Reliance Industries Limited | 5.43% | 4.28% |
| Axis Bank Limited | 2.36% | 2.36% |
| Bharti Airtel Limited | 3.72% | 1.27% |
| Indus Towers Limited | 3.73% | 1.21% |
| State Bank of India | 1.33% | 1.21% |
| Jio Financial Services Limited | 1.23% | 1.20% |
| Canara Bank | 1.18% | 1.09% |
| Hindalco Industries Limited | 1.22% | 1.08% |
| Divi's Laboratories Limited | 1.28% | 0.92% |
| Bharat Heavy Electricals Limited | 1.93% | 0.90% |
| Varun Beverages Ltd | 0.96% | 0.85% |
| JSW Steel Limited | 1.47% | 0.84% |
| Coal India Limited | 0.79% | 1.00% |
| IDFC First Bank Limited | 2.23% | 0.75% |
| Tata Steel Limited | 2.44% | 0.74% |
| Power Finance Corporation Limited | 0.88% | 0.62% |
| Hindustan Aeronautics Limited | 1.21% | 0.61% |
| Kotak Mahindra Bank Ltd | 0.59% | 0.60% |
| HDFC Asset Management Company Limited | 1.89% | 0.56% |
| HDFC Life Insurance Company Limited | 0.84% | 0.56% |
| Hindustan Unilever Limited | 0.56% | 0.83% |
| APL Apollo Tubes Limited | 0.88% | 0.53% |
| Biocon Limited | 0.55% | 0.47% |
| Punjab National Bank | 1.46% | 0.46% |
| Ambuja Cements Limited | 0.44% | 0.57% |
| Glenmark Pharmaceuticals Limited | 1.76% | 0.43% |
| Multi Commodity Exchange of India Limited | 0.82% | 0.43% |
| NTPC Limited | 0.42% | 0.50% |
| Bank of Baroda | 0.90% | 0.40% |
| Crompton Greaves Consumer Electricals Limited | 0.64% | 0.39% |
| Yes Bank Limited | 0.39% | 0.40% |
| Tata Power Company Limited | 1.52% | 0.36% |
| The Indian Hotels Company Limited | 0.83% | 0.36% |
| The Federal Bank Limited | 0.72% | 0.33% |
| LIC Housing Finance Limited | 1.11% | 0.29% |
| NMDC Limited | 0.29% | 0.74% |
| Bajaj Finance Ltd | 0.48% | 0.27% |
| ITC Limited | 0.38% | 0.26% |
| Godrej Properties Limited | 0.25% | 0.49% |
| IndusInd Bank Limited | 0.25% | 0.52% |
| Bank of India | 0.51% | 0.24% |
| Bharat Electronics Limited | 0.24% | 0.68% |
| Shriram Finance Limited | 2.97% | 0.19% |
| Apollo Hospitals Enterprise Limited | 1.05% | 0.19% |
| Union Bank of India | 0.27% | 0.19% |
| Marico Limited | 0.19% | 0.25% |
| Jindal Steel Limited | 0.48% | 0.16% |
| Ashok Leyland Limited | 0.15% | 0.31% |
| Swiggy Limited | 0.65% | 0.14% |
| GMR Airports Limited | 0.39% | 0.14% |
| Oil & Natural Gas Corporation Limited | 0.14% | 0.17% |
| Infosys Limited | 0.14% | 0.28% |
| Fortis Healthcare Limited | 0.42% | 0.11% |
| Info Edge India Ltd | 0.11% | 0.31% |
| Bharat Forge Limited | 0.49% | 0.10% |
| UltraTech Cement Limited | 1.36% | 0.09% |
| Tata Consumer Products Limited | 1.30% | 0.09% |
| Bajaj Finserv Limited | 0.80% | 0.08% |
| Mahindra & Mahindra Limited | 0.07% | 0.15% |
| Maruti Suzuki India Limited | 0.07% | 0.08% |
| Container Corporation of India Limited | 0.07% | 0.25% |
| Larsen & Toubro Limited | 0.80% | 0.06% |
| Asian Paints Limited | 0.43% | 0.06% |
| The Phoenix Mills Limited | 0.08% | 0.06% |
| Delhivery Limited | 0.13% | 0.05% |
| Aurobindo Pharma Limited | 0.04% | 0.30% |
| Cholamandalam Investment and Finance Company Limited | 0.04% | 0.09% |
| AU Small Finance Bank Limited | 0.04% | 0.07% |
| Dabur India Limited | 0.47% | 0.03% |
| DLF Limited | 0.33% | 0.03% |
| InterGlobe Aviation Limited | 0.03% | 0.09% |
| GAIL (India) Limited | 0.48% | 0.02% |
| Godrej Consumer Products Limited | 0.25% | 0.02% |
| Pidilite Industries Limited | 0.20% | 0.02% |
| Indian Energy Exchange Limited | 0.02% | 0.19% |
| Bharat Petroleum Corporation Limited | 0.02% | 0.16% |
| Sun Pharmaceutical Industries Limited | 0.58% | 0.01% |
| Grasim Industries Limited | 0.21% | 0.01% |
| Eternal Limited | 0.18% | 0.01% |
| PB Fintech Limited | 0.01% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.6% means 42.6% 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 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% |
| Power Grid Corporation of India Limited | 0.60% |
Largest holdings only in Tata Arbitrage Fund
| Security | % of fund |
|---|---|
| TATA MONEY MARKET FUND | 12.05% |
| ** - SMALL INDUST DEVLOP BANK OF INDIA - CD - 23/10/2026 | 2.03% |
| VODAFONE IDEA LTD | 1.50% |
| ** - NABARD - CD - 28/01/2027 | 1.49% |
| ** - NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT - CD - 12/03/2027 | 1.38% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Old Bridge Arbitrage | Tata Arbitrage |
|---|---|---|
| Equity | 79.4% | 64.8% |
| Debt | 11.5% | 21.7% |
| Cash and others | 9.1% | 13.5% |
Market cap of stocks
| Market cap | Old Bridge Arbitrage | Tata Arbitrage |
|---|---|---|
| Large Cap | 64.1% | 50.0% |
| Mid Cap | 13.3% | 12.1% |
| Small Cap | 1.9% | 2.7% |
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 | Tata Arbitrage |
|---|---|---|
| Banks | 22.2% | 21.6% |
| Finance | 7.5% | 3.7% |
| Telecom - Services | 7.5% | 4.0% |
| Petroleum Products | 5.5% | 5.2% |
| Ferrous Metals | 4.4% | 3.0% |
| Pharmaceuticals & Biotechnology | 4.2% | 2.5% |
| Power | 2.5% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Old Bridge Arbitrage vs Tata Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Old Bridge Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 1.57% |
| Base expense ratio (Direct) | 0.12% | 0.26% |
| Total expense ratio (Regular) | 1.94% | 2.25% |
| Base expense ratio (Regular) | 0.84% | 0.91% |
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 Tata Arbitrage Fund: Frequently Asked Questions
What is the difference between Old Bridge Arbitrage Fund and Tata Arbitrage Fund?
Both are Arbitrage funds, run by Old Bridge Mutual Fund and Tata Mutual Fund. Their portfolios overlap 42.6%. Old Bridge Arbitrage Fund charges 1.09% a year and Tata Arbitrage Fund 1.57%.
Which has the lower expense ratio, Old Bridge Arbitrage Fund or Tata Arbitrage Fund?
Old Bridge Arbitrage Fund charges less: 1.09% a year against 1.57%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Old Bridge Arbitrage Fund and Tata Arbitrage Fund overlap?
42.6%. They hold 82 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Old Bridge Arbitrage Fund or Tata Arbitrage Fund?
On SEBI's riskometer, Old Bridge Arbitrage Fund is rated Low and Tata Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 1.68% and 1.01% a year.
Can I invest in both Old Bridge Arbitrage Fund and Tata Arbitrage Fund?
Yes. 42.6% 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 Tata Arbitrage Fund?
Old Bridge Arbitrage Fund: Kenneth Joseph Andrade. Tata Arbitrage Fund: Sailesh Jain.
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.