Samco Arbitrage Fund vs UTI BSE Sensex ETF
Direct Plan, Growth option · Data as on 30-10-2026
Samco Arbitrage Fund is an Arbitrage fund and UTI BSE Sensex ETF is an ETF fund. In the year to 30-10-2026, Samco Arbitrage Fund (Direct) returned 5.2% and UTI BSE Sensex ETF (Direct) returned −10.9%. Their portfolios overlap 44.0%: they hold 11 of the same securities.
Which is better, Samco Arbitrage or UTI BSE Sensex ETF? 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 −10.9%.
- Samco Arbitrage fell less in its worst fall since 29-11-2024: −0.6% against −16.1%.
- UTI BSE Sensex ETF holds more in large companies: 100.0% of the fund in large caps against 69.8%.
- UTI BSE Sensex ETF is the larger fund: ₹54,461 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 | Samco Arbitrage Fund | UTI BSE Sensex ETF |
|---|---|---|
| Fund house | Samco Mutual Fund | UTI Mutual Fund |
| Category | Arbitrage | ETF |
| AUM | ₹26 Cr (30-09-2026) | ₹54,461 Cr (30-09-2026) |
| NAV | ₹11.04 (Direct) | ₹826.16 (Direct) |
| Expense ratio (Direct) | 1.09% | 0.00% |
| Expense ratio (Regular) | 2.54% | Not available |
| Riskometer | Low | Very High |
| Benchmark | Nifty 50 Arbitrage TRI | BSE SENSEX TRI |
| Launch date | 27-11-2024 | 01-09-2015 |
| Minimum investment | ₹5,000 | On Exchange: Minimum 1 unit from the exchange.Directly with AMC: In multiples of unit creation size |
| Lock in | None | None |
| Fund managers | Umeshkumar Mehta, Nirali Bhansali, Dhawal Dhanani, Vishal Shinde, Manish Naiya | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | •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. | Not available |
Samco Arbitrage vs UTI BSE Sensex 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 |
|---|---|---|---|---|---|---|---|
| Samco Arbitrage Fund (Direct) | +0.55% | +1.28% | +2.60% | +5.24% | -- | -- | -- |
| UTI BSE Sensex ETF (Direct) | +2.77% | −4.29% | −2.41% | −10.95% | +6.25% | +5.85% | +11.27% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Samco Arbitrage vs UTI BSE Sensex ETF: Year-wise Returns
| Year | Samco ArbitrageSamco Arbitrage | UTI BSE Sensex ETFUTI BSE Sensex ETF |
|---|---|---|
| 2026to date | +4.35% | −11.85% |
| 2025 | +5.27% | +10.33% |
| 2024 | -- | +9.38% |
| 2023 | -- | +20.27% |
| 2022 | -- | +5.73% |
| 2021 | -- | +20.00% |
Samco Arbitrage vs UTI BSE Sensex ETF: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of UTI BSE Sensex ETF
Rolling returns
Every 1-year holding period, 226 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.
Samco Arbitrage Fund (Direct)
UTI BSE Sensex ETF (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| UTI BSE Sensex ETF | 62.4 | 7.5 | 21.2 | 8.8 | 0.0 | 0.0 | 0.0 | −0.7% | −3.0% | −12.6% | 11.8% | 0% |
| BSE SENSEX TRI | 62.8 | 7.1 | 21.2 | 8.8 | 0.0 | 0.0 | 0.0 | −0.8% | −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.
Samco Arbitrage vs UTI BSE Sensex ETF: 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 29-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Samco ArbitrageSamco Arbitrage Fund (Direct) | ₹2,40,000 | ₹2,52,933 | ₹12,933 | 5.2% |
| UTI BSE Sensex ETFUTI BSE Sensex ETF (Direct) | ₹2,40,000 | ₹2,29,223 | −₹10,777 | −4.4% |
Samco ArbitrageSamco Arbitrage Fund (Direct)
UTI BSE Sensex ETFUTI BSE Sensex ETF (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.
Samco Arbitrage vs UTI BSE Sensex ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Samco Arbitrage Fund (Direct) | UTI BSE Sensex ETF (Direct) |
|---|---|---|
| Return (CAGR) | +5.24% | −10.95% |
| Standard deviation | 1.83% | 13.99% |
| Sharpe ratio | -0.00 | -1.16 |
| Sortino ratio | -0.00 | -1.55 |
| Maximum drawdown | −0.6% (06-08-2026) | −16.1% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.05% |
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 | Samco Arbitrage Fund (Direct) | UTI BSE Sensex ETF (Direct) |
|---|---|---|
| Return (CAGR) | +5.30% | +11.12% |
| Standard deviation | 1.56% | 15.97% |
| Sharpe ratio | -0.20 | 0.35 |
| Sortino ratio | -0.29 | 0.48 |
| Maximum drawdown | −0.6% (06-08-2026) | −37.9% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.30% |
From daily NAVs, 29-11-2024 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.
Samco Arbitrage Fund (Direct)
UTI BSE Sensex ETF (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Samco Arbitrage Fund (Direct) | −0.6% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.1% |
| UTI BSE Sensex ETF (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| 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.
Samco Arbitrage Fund (Direct)
UTI BSE Sensex ETF (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Samco Arbitrage Fund (Direct) | 14% | -12% | 14.47% |
| UTI BSE Sensex ETF (Direct) | 100% | 100% | 0.02% |
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.
Samco Arbitrage vs UTI BSE Sensex ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Samco Arbitrage Fund, September 2026; UTI BSE Sensex ETF, September 2026
Holdings in common
- Overlap
- 44.0%
- Held by both
- 11
- Only in Samco Arbitrage
- 6
- Only in UTI BSE Sensex ETF
- 19
| Security | % of Samco Arbitrage | % of UTI BSE Sensex ETF |
|---|---|---|
| HDFC Bank Limited | 7.80% | 12.59% |
| Reliance Industries Limited | 7.08% | 9.15% |
| Bharti Airtel Limited | 9.32% | 6.38% |
| Axis Bank Limited | 3.83% | 4.08% |
| Kotak Mahindra Bank Limited | 3.85% | 3.57% |
| Mahindra & Mahindra Limited | 3.63% | 3.07% |
| Bajaj Finance Limited | 3.05% | 2.99% |
| ITC Limited | 3.49% | 2.96% |
| ICICI Bank Limited | 2.85% | 11.03% |
| Titan Company Limited | 4.33% | 2.18% |
| InterGlobe Aviation Limited | 4.89% | 1.30% |
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 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% |
Largest holdings only in UTI BSE Sensex ETF
| Security | % of fund |
|---|---|
| EQ - LARSEN & TOUBRO LTD. | 5.11% |
| EQ - STATE BANK OF INDIA | 4.64% |
| EQ - INFOSYS LTD. | 4.08% |
| EQ - ETERNAL LIMITED | 2.69% |
| EQ - TATA CONSULTANCY SERVICES LTD. | 2.41% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Samco Arbitrage | UTI BSE Sensex ETF |
|---|---|---|
| Equity | 76.9% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 23.1% | 0.0% |
Market cap of stocks
| Market cap | Samco Arbitrage | UTI BSE Sensex ETF |
|---|---|---|
| Large Cap | 69.8% | 100.0% |
| Mid Cap | 7.0% | 0.0% |
| 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 | Samco Arbitrage | UTI BSE Sensex ETF |
|---|---|---|
| Banks | 18.3% | 35.9% |
| Telecom - Services | 13.6% | 6.4% |
| Petroleum Products | 7.1% | 9.2% |
| IT - Software | 0.0% | 9.1% |
| Automobiles | 7.2% | 4.9% |
| Finance | 7.1% | 4.1% |
| Financial Technology (Fintech) | 7.0% | 0.0% |
| Construction | 0.0% | 5.1% |
| Diversified FMCG | 3.5% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Samco Arbitrage vs UTI BSE Sensex ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Samco Arbitrage Fund | UTI BSE Sensex ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 0.00% |
| Base expense ratio (Direct) | 0.32% | 0.00% |
| Total expense ratio (Regular) | 2.54% | Not available |
| Base expense ratio (Regular) | 1.55% | 0.04% |
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
Samco Arbitrage Fund vs UTI BSE Sensex ETF: Frequently Asked Questions
What is the difference between Samco Arbitrage Fund and UTI BSE Sensex ETF?
Samco Arbitrage Fund is an Arbitrage fund, UTI BSE Sensex ETF is an ETF fund, run by Samco Mutual Fund and UTI Mutual Fund. Their portfolios overlap 44.0%.
Which has given higher returns, Samco Arbitrage Fund or UTI BSE Sensex ETF?
Over 1 year: Samco Arbitrage Fund +5.24%, UTI BSE Sensex ETF −10.95%. As on 30-10-2026. Past returns do not promise future returns.
How much do Samco Arbitrage Fund and UTI BSE Sensex ETF 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.
Which is riskier, Samco Arbitrage Fund or UTI BSE Sensex ETF?
On SEBI's riskometer, Samco Arbitrage Fund is rated Low and UTI BSE Sensex ETF Very High. Over 1 years, the standard deviation of daily returns was 1.83% and 13.99% a year.
Can I invest in both Samco Arbitrage Fund and UTI BSE Sensex ETF?
Yes. 44.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Samco Arbitrage Fund and UTI BSE Sensex ETF?
Samco Arbitrage Fund: Umeshkumar Mehta, Nirali Bhansali, Dhawal Dhanani, Vishal Shinde, Manish Naiya. UTI BSE Sensex ETF: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.