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Two Arbitrage funds side by side: returns, costs, size, risk and how much their portfolios overlap.
Nippon India Arbitrage Fund vs ICICI Prudential Arbitrage Fund, as of 9 Nov 2026: Nippon India Arbitrage Fund NAV ₹31.28, 3Y CAGR 7.3%, expense ratio 1.35%; ICICI Prudential Arbitrage Fund NAV ₹40.08, 3Y CAGR 7.3%, expense ratio 1.63%; about 50% of their portfolios overlap.
As of · Source: AMFI NAVs and fund-house disclosures
| Nippon India Arbitrage Fund Direct Growth | ICICI Prudential Arbitrage Fund Direct Growth | |
|---|---|---|
| Category | Arbitrage | Arbitrage |
| Fund house | Nippon India Mutual Fund | ICICI Prudential Mutual Fund |
| Plan | Direct Plan · Growth Option | Direct Plan · Growth |
| NAV | ₹31.28 (9 Nov 2026) | ₹40.08 (9 Nov 2026) |
| 1Y return | 6.7% | 6.6% |
| 3Y CAGR | 7.3% | 7.3% |
| 5Y CAGR | 6.9% | 6.8% |
| Since launch (CAGR) | 7.1% | 7.0% |
| Expense ratio | 1.35% | 1.63% |
| AUM | ₹18,310 cr | ₹35,485 cr |
| Risk-o-meter | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage Index |
| Exit load | Entry Load - NIL, Exit Load - 0. 25% if redeemed or switched out on or before completion of 15 days from the date of allotment of units • Nil, thereafter | a) If the investment is redeemed within a period of 3 months from the date of allotment: 0. 50% of the applicable NAV, b) If the investment is redeemed after 3 months from the date of allotment: NIL |
| Minimum SIP | ₹100 | ₹500 |
| Holdings | 176 | 206 |
| Top 10 holdings weight | 46.7% | 38.4% |
| Portfolio overlap | About 50% by weight, from the latest disclosed holdings | |
Returns are point-to-point for each plan, after its expense ratio; periods over one year are CAGR. Past performance is not indicative of future results.
Open in the compare tool: growth charts, SIP outcomes and shared holdings →Nippon India Arbitrage Fund has the higher 5-year CAGR (as of 9 Nov 2026): Nippon India Arbitrage Fund 6.9% a year vs ICICI Prudential Arbitrage Fund 6.8% a year. Past performance is not indicative of future results.
Nippon India Arbitrage Fund costs less: Nippon India Arbitrage Fund charges 1.35% a year and ICICI Prudential Arbitrage Fund 1.63% a year.
ICICI Prudential Arbitrage Fund is larger: Nippon India Arbitrage Fund manages ₹18,310 cr and ICICI Prudential Arbitrage Fund ₹35,485 cr (as of 9 Nov 2026).
About 50% of their portfolios overlap by weight (the smaller weight of each common holding, summed), from the latest disclosed holdings.
Both are rated "Low" on SEBI's risk-o-meter.
We don't give recommendations. Jivani Markets is not a SEBI-registered investment adviser or research analyst. Whether a fund suits you depends on your goals, horizon and risk appetite; speak to a SEBI-registered investment adviser or an AMFI-registered mutual fund distributor before investing.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future results.
Returns are for Direct plans, after expenses (TER is already in the NAV). Research, not advice: we do not say a fund suits you. Disclaimer