quant Arbitrage Fund vs Zerodha Nifty LargeMidcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
quant Arbitrage Fund is an Arbitrage fund and Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, quant Arbitrage Fund (Direct) returned 7.6% and Zerodha Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. quant Arbitrage Fund charges 1.60% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38% (Direct plans). Their portfolios overlap 33.9%: they hold 86 of the same securities.
Zerodha Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.2%
- Expense ratio
- 0.38%
- NAV
- ₹13.46
Which is better, quant Arbitrage or Zerodha Nifty LargeMidcap 250 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- quant Arbitrage returned more over 1 year: 7.6% against −6.2%.
- Zerodha Nifty LargeMidcap 250 Index costs less: 0.38% a year against 1.60% (Direct plans).
- quant Arbitrage fell less in its worst fall since 07-04-2025: −0.4% against −14.3%.
- Zerodha Nifty LargeMidcap 250 Index is the larger fund: ₹1,569 Cr against ₹1,007 Cr.
- Their portfolios overlap 33.9%: 86 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 | quant Arbitrage Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Fund house | quant Mutual Fund | Zerodha Mutual Fund |
| Category | Arbitrage | Index |
| AUM | ₹1,007 Cr (30-09-2026) | ₹1,569 Cr (30-09-2026) |
| NAV | ₹11.19 (Direct) | ₹13.46 (Direct) |
| Expense ratio (Direct) | 1.60% | 0.38% |
| Expense ratio (Regular) | 2.25% | Not available |
| Riskometer | Low | Very High |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 04-04-2025 | 08-11-2023 |
| Minimum investment | ₹5,000 | Rs. 100. |
| Lock in | None | None |
| Fund managers | Sameer Kate, Yug Tibrewal, Sanjeev Sharma | Kedarnath Mirajkar |
| Exit load | Exit load of 0.25%, if redeemed within 1 month. | Nil |
quant Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: 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 |
|---|---|---|---|---|---|---|---|
| quant Arbitrage Fund (Direct) | +0.51% | +1.68% | +3.63% | +7.56% | -- | -- | -- |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −1.31% | −6.83% | −3.29% | −6.24% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
quant Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Year-wise Returns
| Year | quant Arbitragequant Arbitrage | Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| 2026to date | +6.22% | −6.89% |
| 2025 | -- | +8.37% |
| 2024 | -- | +18.50% |
quant Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Zerodha Nifty LargeMidcap 250 Index Fund
Rolling returns
Every 1-year holding period, 140 of them, one for each trading day from 07-04-2026 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.
quant Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| quant Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.5% | 7.1% | 7.9% | 84% |
| Zerodha Nifty LargeMidcap 250 Index | 19.3 | 47.9 | 29.3 | 3.6 | 0.0 | 0.0 | 0.0 | 3.2% | 3.3% | −7.7% | 13.5% | 100% |
| NIFTY LargeMidcap 250 TRI | 20.7 | 47.9 | 28.6 | 2.9 | 0.0 | 0.0 | 0.0 | 3.0% | 3.0% | −8.0% | 13.3% | -- |
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 NIFTY LargeMidcap 250 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 07-04-2025. Past returns do not promise future returns.
quant Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: 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 07-04-2025 to 30-10-2026: 19 instalments, ₹1,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| quant Arbitragequant Arbitrage Fund (Direct) | ₹1,90,000 | ₹2,01,679 | ₹11,679 | 7.4% |
| Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index Fund (Direct) | ₹1,90,000 | ₹1,85,044 | −₹4,956 | −3.2% |
quant Arbitragequant Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index 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.
quant Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | quant Arbitrage Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.56% | −6.24% |
| Standard deviation | 1.46% | 14.85% |
| Sharpe ratio | 1.59 | -0.77 |
| Sortino ratio | 2.43 | -1.03 |
| Maximum drawdown | −0.4% (26-08-2026) | −14.3% (30-03-2026) |
| 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 | quant Arbitrage Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.37% | +10.48% |
| Standard deviation | 1.29% | 14.89% |
| Sharpe ratio | 1.55 | 0.30 |
| Sortino ratio | 2.35 | 0.40 |
| Maximum drawdown | −0.4% (26-08-2026) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.04% |
From daily NAVs, 07-04-2025 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.
quant Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| quant Arbitrage Fund (Direct) | −0.4% | 24-08-2026 | 26-08-2026 | 01-09-2026 | 6 days | −0.1% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −14.3% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −8.6% |
| NIFTY LargeMidcap 250 TRI | −14.3% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −8.6% |
From daily values since 07-04-2025, 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.
quant Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| quant Arbitrage Fund (Direct) | 20% | -16% | 16.52% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | 101% | 100% | 0.04% |
From month-end values since 07-04-2025. 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.
quant Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: quant Arbitrage Fund, September 2026; Zerodha Nifty LargeMidcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 33.9%
- Held by both
- 86
- Only in quant Arbitrage
- 23
- Only in Zerodha Nifty LargeMidcap 250 Index
- 164
| Security | % of quant Arbitrage | % of Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Reliance Industries Limited | 4.80% | 3.08% |
| HDFC Bank Limited | 2.45% | 4.22% |
| State Bank of India | 1.81% | 1.54% |
| ITC Limited | 1.41% | 0.98% |
| Axis Bank Limited | 0.88% | 1.37% |
| ICICI Bank Limited | 0.87% | 3.68% |
| Bharti Airtel Limited | 0.86% | 2.07% |
| Bharat Heavy Electricals Ltd | 1.18% | 0.75% |
| Bajaj Finance Limited | 0.69% | 1.02% |
| Hindustan Unilever Limited | 0.83% | 0.65% |
| GE Vernova T&D India Limited | 0.70% | 0.64% |
| Life Insurance Corporation Of India | 0.66% | 0.62% |
| NTPC Limited | 1.87% | 0.60% |
| Maruti Suzuki India Limited | 0.87% | 0.60% |
| Indus Towers Limited | 2.10% | 0.59% |
| Info Edge (India) Ltd | 3.03% | 0.58% |
| Kotak Mahindra Bank Limited | 0.58% | 1.19% |
| Aurobindo Pharma Limited | 0.82% | 0.57% |
| Adani Ports & Special Economic Zone Ltd | 1.46% | 0.55% |
| Shriram Finance Limited | 0.59% | 0.53% |
| JSW Steel Limited | 0.48% | 0.47% |
| SWIGGY LIMITED | 2.33% | 0.46% |
| YES Bank Ltd. | 1.18% | 0.45% |
| SRF Limited | 0.49% | 0.44% |
| Divi's Laboratories Limited | 0.43% | 0.46% |
| Glenmark Pharmaceuticals Ltd | 0.68% | 0.43% |
| Hindustan Petroleum Corporation Ltd | 0.80% | 0.41% |
| GMR Airports Limited | 0.51% | 0.41% |
| Bajaj Finserv Ltd. | 0.41% | 0.39% |
| Adani Enterprises Limited | 0.44% | 0.38% |
| Eicher Motors Ltd | 0.39% | 0.38% |
| UPL Limited | 1.37% | 0.37% |
| Oil and Natural Gas Corporation Ltd. | 2.38% | 0.34% |
| Hindustan Aeronautics Limited | 0.86% | 0.34% |
| Adani Power Limited | 0.85% | 0.33% |
| NMDC Ltd | 0.45% | 0.33% |
| Biocon Ltd | 1.15% | 0.32% |
| Samvardhana Motherson International Ltd | 1.09% | 0.28% |
| Dabur India Limited | 0.46% | 0.28% |
| Jio Financial Services Limited | 0.34% | 0.28% |
| UltraTech Cement Limited | 0.28% | 0.50% |
| Cholamandalam Investment & Finance Co | 1.61% | 0.27% |
| Torrent Pharmaceuticals Ltd | 0.31% | 0.27% |
| NHPC Ltd | 0.26% | 0.34% |
| Cummins India Ltd. | 0.28% | 0.25% |
| Bharat Petroleum Corp Ltd | 0.50% | 0.24% |
| Nippon Life India Asset Management Ltd | 0.42% | 0.24% |
| Tata Consumer Products Ltd | 0.25% | 0.24% |
| Asian Paints Limited | 0.24% | 0.42% |
| Varun Beverages Limited | 1.56% | 0.23% |
| Tata Power Company Limited | 0.43% | 0.23% |
| HDFC Life Insurance Co Ltd | 3.19% | 0.22% |
| APL Apollo Tubes Limited | 0.21% | 0.49% |
| Steel Authority of India Ltd | 0.20% | 0.32% |
| LIC Housing Finance Ltd | 1.44% | 0.20% |
| Ashok Leyland Limited | 0.19% | 0.54% |
| Bank of India | 0.20% | 0.19% |
| HDFC Asset Management Company Ltd | 0.22% | 0.18% |
| Godrej Properties Limited | 0.17% | 0.27% |
| Bharat Electronics Ltd | 0.17% | 0.54% |
| DLF Limited | 0.81% | 0.17% |
| Adani Green Energy Limited | 0.52% | 0.17% |
| Adani Energy Solutions Limited | 0.33% | 0.17% |
| Tata Consultancy Services Limited | 0.16% | 0.81% |
| Cochin Shipyard Limited | 1.03% | 0.16% |
| Canara Bank | 0.78% | 0.16% |
| Premier Energies Limited | 0.20% | 0.16% |
| Jindal Steel Limited | 0.15% | 0.16% |
| Punjab National Bank | 1.62% | 0.15% |
| Hitachi Energy India Limited | 0.21% | 0.15% |
| One 97 Communications Limited | 0.14% | 0.89% |
| Vodafone Idea Limited | 1.29% | 0.14% |
| Radico Khaitan Ltd. | 0.13% | 0.42% |
| Union Bank of India | 0.62% | 0.13% |
| Godrej Consumer Products Limited | 0.52% | 0.13% |
| Oil India Limited | 0.12% | 0.30% |
| Tata Steel Limited | 0.12% | 0.59% |
| Larsen & Toubro Limited | 0.12% | 1.71% |
| Laurus Labs Ltd | 0.12% | 0.95% |
| Zydus Lifesciences Limited | 3.82% | 0.11% |
| Power Grid Corporation of India Limited | 0.10% | 0.46% |
| FSN E-Commerce Ventures Limited | 0.10% | 0.54% |
| ICICI Prudential Life Insurance Co Ltd | 0.10% | 0.22% |
| Ambuja Cements Ltd | 0.07% | 0.09% |
| Indian Oil Corp Ltd | 0.05% | 0.20% |
| Kalyan Jewellers India Limited | 0.01% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.9% means 33.9% 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 quant Arbitrage Fund
| Security | % of fund |
|---|---|
| TREPS 01-Oct-2026 DEPO 10 | 7.26% |
| SIDBI CD 25-Mar-2027 | 4.80% |
| National Building Construction Corp | 2.12% |
| 182 Days Treasury Bill 18-Mar-2027 | 1.93% |
| 364 Days Treasury Bill 01-Jul-2027 | 1.90% |
Largest holdings only in Zerodha Nifty LargeMidcap 250 Index Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 1.36% |
| Multi Commodity Exchange of India Limited | 1.04% |
| Mahindra & Mahindra Limited | 1.02% |
| The Federal Bank Limited | 0.96% |
| Eternal Limited | 0.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | quant Arbitrage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Equity | 76.4% | 99.6% |
| Debt | 28.6% | 0.0% |
| Cash and others | -5.0% | 0.4% |
Market cap of stocks
| Market cap | quant Arbitrage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Large Cap | 48.1% | 52.0% |
| Mid Cap | 21.4% | 46.3% |
| Small Cap | 6.9% | 1.3% |
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 | quant Arbitrage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Banks | 11.2% | 16.9% |
| Pharmaceuticals & Biotechnology | 7.3% | 6.7% |
| Finance | 5.8% | 6.5% |
| Petroleum Products | 6.2% | 3.9% |
| IT - Software | 0.7% | 5.6% |
| Retailing | 5.5% | 4.3% |
| Power | 4.4% | 3.2% |
| Automobiles | 1.3% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
quant Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | quant Arbitrage Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.60% | 0.38% |
| Base expense ratio (Direct) | 0.28% | 0.25% |
| Total expense ratio (Regular) | 2.25% | Not available |
| Base expense ratio (Regular) | 0.83% | 0.00% |
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
quant Arbitrage Fund vs Zerodha Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions
What is the difference between quant Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
quant Arbitrage Fund is an Arbitrage fund, Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund, run by quant Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 33.9%. quant Arbitrage Fund charges 1.60% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38%.
Which has given higher returns, quant Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Over 1 year: quant Arbitrage Fund +7.56%, Zerodha Nifty LargeMidcap 250 Index Fund −6.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, quant Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Zerodha Nifty LargeMidcap 250 Index Fund charges less: 0.38% a year against 1.60%. These are the Direct plans' total expense ratios reported to AMFI.
How much do quant Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund overlap?
33.9%. They hold 86 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, quant Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
On SEBI's riskometer, quant Arbitrage Fund is rated Low and Zerodha Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 1.46% and 14.85% a year.
Can I invest in both quant Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Yes. 33.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages quant Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
quant Arbitrage Fund: Sameer Kate, Yug Tibrewal, Sanjeev Sharma. Zerodha Nifty LargeMidcap 250 Index Fund: Kedarnath Mirajkar.
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.