Sundaram Arbitrage Fund vs Tata Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Sundaram Arbitrage Fund and Tata Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, Sundaram Arbitrage Fund (Direct) returned 7.2% a year and Tata Arbitrage Fund (Direct) returned 7.4% a year. Sundaram Arbitrage Fund charges 0.97% a year and Tata Arbitrage Fund 1.57% (Direct plans). Their portfolios overlap 29.4%: they hold 38 of the same securities.
Sundaram Arbitrage Fund
Arbitrage
- 3 year return
- 7.2%
- Expense ratio
- 0.97%
- NAV
- ₹16.60
Which is better, Sundaram 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.
- Tata Arbitrage returned more over 3 years: 7.4% a year against 7.2%.
- Sundaram Arbitrage returned more over 1 year: 6.8% against 6.8%.
- Sundaram Arbitrage costs less: 0.97% a year against 1.57% (Direct plans).
- Tata Arbitrage swung less over 3 years: a standard deviation of 1.0% a year against 1.2%.
- Tata Arbitrage fell less in its worst fall since 03-01-2022: −0.4% against −0.5%.
- Tata Arbitrage is the larger fund: ₹24,539 Cr against ₹539 Cr.
- Their portfolios overlap 29.4%: 38 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 | Sundaram Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| Fund house | Sundaram Mutual Fund | Tata Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹539 Cr (30-09-2026) | ₹24,539 Cr (30-09-2026) |
| NAV | ₹16.60 (Direct) | ₹16.46 (Direct) |
| Expense ratio (Direct) | 0.97% | 1.57% |
| Expense ratio (Regular) | 1.70% | 2.25% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage Index |
| Launch date | 01-04-2016 | 18-12-2018 |
| Minimum investment | "New Investor/Existing – Rs.100/- for both Monthly IDCW and Growth Option and any amount thereafter under each Plan/ option." | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rohit Seksaria, Kumaresh Ramakrishnan | Sailesh Jain |
| Exit load | W.E.F Dec 31, 2021 Upto 25% of Units purchased/ switchin - NIL In excess of the above: 0.25% if redeemed/ SWP/STP within 15 days from the date of allotment. NIL if redeemed /SWP/STP after 15 days from the date of allotment. For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil.Generally, the exit load will be calculated on First in First out (FIFO) basis. | Exit load of 0.25%, if redeemed within 15 days. |
Sundaram 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 |
|---|---|---|---|---|---|---|---|
| Sundaram Arbitrage Fund (Direct) | +0.59% | +1.56% | +3.29% | +6.83% | +7.22% | -- | -- |
| 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.
Sundaram Arbitrage vs Tata Arbitrage: Year-wise Returns
| Year | SundaramSundaram Arbitrage | TataTata Arbitrage |
|---|---|---|
| 2026to date | +5.57% | +5.46% |
| 2025 | +7.15% | +7.26% |
| 2024 | +7.81% | +8.36% |
| 2023 | +7.38% | +7.93% |
| 2022 | -- | +4.86% |
| 2021 | -- | +4.54% |
Sundaram Arbitrage vs Tata Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 449 of them, one for each trading day from 03-01-2025 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.
Sundaram Arbitrage Fund (Direct)
Tata Arbitrage Fund (Direct)
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sundaram Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.4% | 6.5% | 7.6% |
| Tata Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.7% | 7.1% | 7.9% |
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. Every fund is measured over the days all of them have, from 03-01-2022. Past returns do not promise future returns.
Sundaram Arbitrage vs Tata Arbitrage: 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Sundaram ArbitrageSundaram Arbitrage Fund (Direct) | ₹5,80,000 | ₹6,88,780 | ₹1,08,780 | 7.1% |
| Tata ArbitrageTata Arbitrage Fund (Direct) | ₹5,80,000 | ₹6,92,171 | ₹1,12,171 | 7.3% |
Sundaram ArbitrageSundaram Arbitrage Fund (Direct)
Tata ArbitrageTata Arbitrage 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.
Sundaram Arbitrage vs Tata Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Sundaram Arbitrage Fund (Direct) | Tata Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.83% | +6.77% |
| Standard deviation | 1.59% | 1.26% |
| Sharpe ratio | 1.00 | 1.21 |
| Sortino ratio | 1.55 | 1.89 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Sundaram Arbitrage Fund (Direct) | Tata Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.22% | +7.43% |
| Standard deviation | 1.19% | 1.02% |
| Sharpe ratio | 1.01 | 1.39 |
| Sortino ratio | 1.55 | 2.16 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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 | Sundaram Arbitrage Fund (Direct) | Tata Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.67% | +6.55% |
| Standard deviation | 1.09% | 1.01% |
| Sharpe ratio | 0.72 | 1.32 |
| Sortino ratio | 1.09 | 2.01 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.6% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2022 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.
Sundaram 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 |
|---|---|---|---|---|---|---|
| Sundaram Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.0% |
| Tata Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
From daily values since 03-01-2022, 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.
Sundaram Arbitrage Fund (Direct)
Tata Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Sundaram Arbitrage Fund (Direct)
Tata Arbitrage Fund (Direct)
Sundaram Arbitrage vs Tata Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Sundaram Arbitrage Fund, September 2026; Tata Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 29.4%
- Held by both
- 38
- Only in Sundaram Arbitrage
- 18
- Only in Tata Arbitrage
- 143
| Security | % of Sundaram Arbitrage | % of Tata Arbitrage |
|---|---|---|
| HDFC Bank Ltd | 7.96% | 7.89% |
| ICICI Bank Ltd | 5.27% | 4.34% |
| Reliance Industries Ltd | 7.56% | 4.28% |
| Axis Bank Ltd | 2.87% | 2.36% |
| Bharti Airtel Ltd | 4.42% | 1.27% |
| Hindalco Industries Ltd | 1.42% | 1.08% |
| NMDC Ltd | 2.80% | 0.74% |
| Tata Steel Ltd | 0.70% | 0.74% |
| TVS Motor Company Ltd | 1.84% | 0.63% |
| Power Finance Corporation Ltd | 0.70% | 0.62% |
| Kotak Mahindra Bank Ltd | 1.21% | 0.60% |
| Jio Financial Services Ltd | 0.49% | 1.20% |
| Bandhan Bank Ltd | 0.42% | 0.67% |
| Bank of Baroda | 0.44% | 0.40% |
| The Indian Hotels Company Ltd | 0.78% | 0.36% |
| Divis Laboratories Ltd | 0.33% | 0.92% |
| Ashok Leyland Ltd | 6.28% | 0.31% |
| ICICI Lombard General Insurance Company Ltd | 0.78% | 0.28% |
| Bajaj Finance Ltd | 6.16% | 0.27% |
| ITC Ltd | 1.84% | 0.26% |
| Marico Ltd | 1.17% | 0.25% |
| Adani Green Energy Ltd | 0.20% | 0.87% |
| Coal India Ltd | 0.19% | 1.00% |
| Max Financial Services Ltd | 0.36% | 0.16% |
| Mahindra & Mahindra Ltd | 1.40% | 0.15% |
| Ambuja Cements Ltd | 0.14% | 0.57% |
| Swiggy Ltd | 0.69% | 0.14% |
| Tech Mahindra Ltd | 0.56% | 0.12% |
| Fortis Health Care Ltd | 0.33% | 0.11% |
| Maruti Suzuki India Ltd | 0.23% | 0.08% |
| Larsen & Toubro Ltd | 2.46% | 0.06% |
| RBL Bank Ltd | 0.36% | 0.05% |
| Cipla Ltd | 0.06% | 0.05% |
| Dabur India Ltd | 0.18% | 0.03% |
| Bharat Electronics Ltd | 0.02% | 0.68% |
| Indian Energy Exchange Ltd | 0.02% | 0.19% |
| Eternal Ltd (Previously Zomato Ltd) | 1.38% | 0.01% |
| One 97 Communications Ltd | 0.68% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.4% means 29.4% 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 Sundaram Arbitrage Fund
| Security | % of fund |
|---|---|
| Sundaram Money Market Fund-Direct Plan - Growth | 9.58% |
| Sundaram Liquid Fund - Direct Growth | 5.61% |
| 364 Days - T Bill - 25/02/2027 | 5.44% |
| UPL Ltd | 2.20% |
| 7.38% Central Government Securities 20/06/2027 | 1.87% |
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 | Sundaram Arbitrage | Tata Arbitrage |
|---|---|---|
| Equity | 70.0% | 64.8% |
| Debt | 11.8% | 21.7% |
| Cash and others | 18.1% | 13.5% |
Market cap of stocks
| Market cap | Sundaram Arbitrage | Tata Arbitrage |
|---|---|---|
| Large Cap | 50.3% | 50.0% |
| Mid Cap | 17.7% | 12.1% |
| Small Cap | 2.1% | 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 | Sundaram Arbitrage | Tata Arbitrage |
|---|---|---|
| Banks | 18.5% | 21.6% |
| Petroleum Products | 7.6% | 5.2% |
| Finance | 7.3% | 3.7% |
| Agricultural, Commercial & Construction Vehicles | 6.3% | 0.3% |
| Telecom - Services | 4.4% | 4.0% |
| Power | 0.2% | 4.1% |
| Automobiles | 3.8% | 1.6% |
| Ferrous Metals | 0.7% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Sundaram Arbitrage vs Tata Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Sundaram Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.97% | 1.57% |
| Base expense ratio (Direct) | 0.19% | 0.26% |
| Total expense ratio (Regular) | 1.70% | 2.25% |
| Base expense ratio (Regular) | 0.82% | 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 Sundaram Arbitrage with
Sundaram Arbitrage Fund vs Tata Arbitrage Fund: Frequently Asked Questions
What is the difference between Sundaram Arbitrage Fund and Tata Arbitrage Fund?
Both are Arbitrage funds, run by Sundaram Mutual Fund and Tata Mutual Fund. Their portfolios overlap 29.4%. Sundaram Arbitrage Fund charges 0.97% a year and Tata Arbitrage Fund 1.57%.
Which has given higher returns, Sundaram Arbitrage Fund or Tata Arbitrage Fund?
Over 1 year: Sundaram Arbitrage Fund +6.83%, Tata Arbitrage Fund +6.77%. Over 3 years: Sundaram Arbitrage Fund +7.22% a year, Tata Arbitrage Fund +7.43% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Sundaram Arbitrage Fund or Tata Arbitrage Fund?
Sundaram Arbitrage Fund charges less: 0.97% a year against 1.57%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Sundaram Arbitrage Fund and Tata Arbitrage Fund overlap?
29.4%. They hold 38 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Sundaram Arbitrage Fund or Tata Arbitrage Fund?
On SEBI's riskometer, Sundaram Arbitrage Fund is rated Low and Tata Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.19% and 1.02% a year.
Which is better for SIP, Sundaram Arbitrage Fund or Tata Arbitrage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,12,372 in Sundaram Arbitrage Fund (XIRR 7.0% a year) and ₹4,12,850 in Tata Arbitrage Fund (XIRR 7.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Sundaram Arbitrage Fund and Tata Arbitrage Fund?
Yes. 29.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Sundaram Arbitrage Fund and Tata Arbitrage Fund?
Sundaram Arbitrage Fund: Rohit Seksaria, Kumaresh Ramakrishnan. 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.