Samco Arbitrage Fund vs Zerodha BSE SENSEX Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Samco Arbitrage Fund is an Arbitrage fund and Zerodha BSE SENSEX Index Fund is an Index fund. Samco Arbitrage Fund charges 1.09% a year and Zerodha BSE SENSEX Index Fund 0.47% (Direct plans). Their portfolios overlap 44.1%: they hold 11 of the same securities.
Which is better, Samco Arbitrage or Zerodha BSE SENSEX Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha BSE SENSEX Index costs less: 0.47% a year against 1.09% (Direct plans).
- Samco Arbitrage fell less in its worst fall since 10-11-2025: −0.6% against −16.1%.
- Zerodha BSE SENSEX Index holds more in large companies: 100.1% of the fund in large caps against 69.8%.
- Samco Arbitrage is the larger fund: ₹26 Cr against ₹19 Cr.
- Their portfolios overlap 44.1%: 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 | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Fund house | Samco Mutual Fund | Zerodha Mutual Fund |
| Category | Arbitrage | Index |
| AUM | ₹26 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹11.04 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 1.09% | 0.47% |
| Expense ratio (Regular) | 2.54% | Not available |
| Riskometer | Low | Very High |
| Benchmark | Nifty 50 Arbitrage TRI | BSE SENSEX TRI |
| Launch date | 27-11-2024 | 06-11-2025 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Umeshkumar Mehta, Nirali Bhansali, Dhawal Dhanani, Vishal Shinde, Manish Naiya | Kedarnath Mirajkar |
| 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. | Nil |
Samco Arbitrage vs Zerodha BSE SENSEX 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 |
|---|---|---|---|---|---|---|---|
| Samco Arbitrage Fund (Direct) | +0.55% | +1.28% | +2.60% | +5.24% | -- | -- | -- |
| Zerodha BSE SENSEX Index Fund (Direct) | +2.75% | −4.37% | −2.58% | -- | -- | -- | -- |
| 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 Zerodha BSE SENSEX Index: Year-wise Returns
| Year | Samco ArbitrageSamco Arbitrage | Zerodha BSE SENSEX IndexZerodha BSE SENSEX Index |
|---|---|---|
| 2026to date | +4.35% | −12.06% |
| 2025 | +5.27% | -- |
Samco Arbitrage vs Zerodha BSE SENSEX Index: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Zerodha BSE SENSEX Index Fund
Samco Arbitrage vs Zerodha BSE SENSEX Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Samco Arbitrage Fund (Direct) | Zerodha BSE SENSEX Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.30% | −10.70% |
| Standard deviation | 1.56% | 14.00% |
| Sharpe ratio | -0.20 | -1.14 |
| Sortino ratio | -0.29 | -1.53 |
| Maximum drawdown | −0.6% (06-08-2026) | −16.1% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.40% |
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)
Zerodha BSE SENSEX Index Fund (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% |
| Zerodha BSE SENSEX Index Fund (Direct) | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.6% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 10-11-2025, the first day every fund has.
Samco Arbitrage vs Zerodha BSE SENSEX Index: Portfolio Overlap
From each fund's latest monthly portfolio: Samco Arbitrage Fund, September 2026; Zerodha BSE SENSEX Index Fund, September 2026
Holdings in common
- Overlap
- 44.1%
- Held by both
- 11
- Only in Samco Arbitrage
- 6
- Only in Zerodha BSE SENSEX Index
- 19
| Security | % of Samco Arbitrage | % of Zerodha BSE SENSEX Index |
|---|---|---|
| HDFC Bank Limited | 7.80% | 12.59% |
| Reliance Industries Limited | 7.08% | 9.16% |
| Bharti Airtel Limited | 9.32% | 6.39% |
| Axis Bank Limited | 3.83% | 4.08% |
| Kotak Mahindra Bank Limited | 3.85% | 3.58% |
| Mahindra & Mahindra Limited | 3.63% | 3.08% |
| Bajaj Finance Limited | 3.05% | 3.00% |
| ITC Limited | 3.49% | 2.97% |
| ICICI Bank Limited | 2.85% | 11.04% |
| 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. 44.1% means 44.1% 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 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 Zerodha BSE SENSEX Index Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 5.11% |
| State Bank of India | 4.64% |
| Infosys Limited | 4.09% |
| Eternal Limited | 2.70% |
| Tata Consultancy Services Limited | 2.42% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Samco Arbitrage | Zerodha BSE SENSEX Index |
|---|---|---|
| Equity | 76.9% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 23.1% | -0.1% |
Market cap of stocks
| Market cap | Samco Arbitrage | Zerodha BSE SENSEX Index |
|---|---|---|
| Large Cap | 69.8% | 100.1% |
| 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 | Zerodha BSE SENSEX Index |
|---|---|---|
| Banks | 18.3% | 35.9% |
| Telecom - Services | 13.6% | 6.4% |
| Petroleum Products | 7.1% | 9.2% |
| IT - Software | 0.0% | 9.2% |
| 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 Zerodha BSE SENSEX Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Samco Arbitrage Fund | Zerodha BSE SENSEX Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 0.47% |
| Base expense ratio (Direct) | 0.32% | 0.29% |
| Total expense ratio (Regular) | 2.54% | Not available |
| Base expense ratio (Regular) | 1.55% | 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
Samco Arbitrage Fund vs Zerodha BSE SENSEX Index Fund: Frequently Asked Questions
What is the difference between Samco Arbitrage Fund and Zerodha BSE SENSEX Index Fund?
Samco Arbitrage Fund is an Arbitrage fund, Zerodha BSE SENSEX Index Fund is an Index fund, run by Samco Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 44.1%. Samco Arbitrage Fund charges 1.09% a year and Zerodha BSE SENSEX Index Fund 0.47%.
Which has the lower expense ratio, Samco Arbitrage Fund or Zerodha BSE SENSEX Index Fund?
Zerodha BSE SENSEX Index Fund charges less: 0.47% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Samco Arbitrage Fund and Zerodha BSE SENSEX Index Fund overlap?
44.1%. 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 Zerodha BSE SENSEX Index Fund?
On SEBI's riskometer, Samco Arbitrage Fund is rated Low and Zerodha BSE SENSEX Index Fund Very High. Over their common history, the standard deviation of daily returns was 1.56% and 14.00% a year.
Can I invest in both Samco Arbitrage Fund and Zerodha BSE SENSEX Index Fund?
Yes. 44.1% 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 Zerodha BSE SENSEX Index Fund?
Samco Arbitrage Fund: Umeshkumar Mehta, Nirali Bhansali, Dhawal Dhanani, Vishal Shinde, Manish Naiya. Zerodha BSE SENSEX 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.