BANDHAN Arbitrage Fund vs JioBlackRock Arbitrage Fund
BANDHAN Arbitrage Fund and JioBlackRock Arbitrage Fund are both Arbitrage funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +7.29% vs —, 5-year CAGR +6.80% vs —, volatility 0.58% vs —, maximum drawdown −0.75% vs −0.42%. Their portfolios overlap by 43.3% (114 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Jio BlackRock Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹38.1927 | ₹10.6280 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 17 Jan 2013 | 19 Dec 2025 |
| Track record | 13.8 yrs | 0.9 yrs |
| Fund size (AUM) | ₹7,745 Cr | ₹1,117 Cr |
| Securities held | 169 | 121 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| 1 month | +0.51% | +0.51% |
| 3 months | +1.55% | +1.70% |
| 6 months | +3.19% | +3.41% |
| 1 year | +6.52% | — |
| 3 years (CAGR) | +7.29% | — |
| 5 years (CAGR) | +6.80% | — |
| 7 years (CAGR) | +6.14% | — |
| 10 years (CAGR) | +6.33% | — |
| Since launch (CAGR) | +6.91% | — |
| SIP return (XIRR, 5 years) ⓘ | +7.11% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| 2026 (year to date) | +5.47% | +5.94% |
| 2025 | +7.02% | — |
| 2024 | +8.31% | — |
| 2023 | +7.86% | — |
| 2022 | +4.83% | — |
| 2021 | +4.24% | — |
Risk
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| Volatility (annualised) ⓘ | 0.58% | — |
| Downside volatility ⓘ | 0.36% | — |
| Sharpe ratio ⓘ | 1.36 | — |
| Sortino ratio ⓘ | 2.19 | — |
| Maximum drawdown ⓘ | −0.75% | −0.42% |
| Recovery from that fall | 1 months | 0 months |
| Current fall from peak | 0.00% | −0.03% |
| Rolling 1-year return: worst | +3.47% | — |
| Rolling 1-year return: median | +6.90% | — |
| Rolling 1-year return: best | +10.28% | — |
| Share of 1-year periods with a loss | 0.00% | — |
Against each fund's benchmark
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| Equity | 70.17% | 74.08% |
| Mutual Fund Units | 27.40% | 13.99% |
| Debt | 1.39% | 8.77% |
| Cash & equivalents | 1.04% | 3.15% |
Market-cap split (share of fund assets)
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| Large Cap | 51.11% | 56.64% |
| Mid Cap | 15.59% | 13.54% |
| Small Cap | 3.47% | 3.90% |
| Unclassified | 0.00% | 0.00% |
Concentration
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| Top 10 holdings | 48.95% | 57.17% |
| Effective number of stocks ⓘ | 25.1 | 24 |
| Securities held | 169 | 121 |
Portfolio overlap: 43.3%
114 companies are held by both funds; by weight, 43.3% of the two portfolios is the same. That is a moderate overlap.
| Held by both | BANDHAN Arbitrage | JioBlackRock Arbitrage |
|---|---|---|
| HDFC Bank Limited | 5.22% | 6.97% |
| Reliance Industries Limited | 4.47% | 6.48% |
| ICICI Bank Limited | 4.31% | 7.14% |
| Vodafone Idea Limited | 2.34% | 5.24% |
| State Bank of India | 1.80% | 2.14% |
| Adani Enterprises Limited | 1.26% | 1.58% |
| Axis Bank Limited | 1.97% | 1.22% |
| Canara Bank | 1.22% | 4.85% |
| Life Insurance Corporation Of India | 1.07% | 3.72% |
| Tata Steel Ltd. | 1.00% | 1.74% |
| Adani Power Limited | 0.81% | 1.00% |
| Varun Beverages Limited | 0.72% | 0.93% |
| Cummins India Limited | 0.72% | 0.72% |
| Bank of Baroda | 0.63% | 1.22% |
| IDFC First Bank Limited | 0.69% | 0.62% |
Top 10 holdings
BANDHAN Arbitrage
- Bandhan Money Market Fund -Direct Plan-Growth13.52%
- Bandhan Ultra Short to Short Term Fund-DR GR8.95%
- HDFC Bank Limited5.22%
- Bandhan Ultra Short Term Fund - DR Plan GR4.93%
- Reliance Industries Limited4.47%
- ICICI Bank Limited4.31%
- Vodafone Idea Limited2.34%
- Axis Bank Limited1.97%
- State Bank of India1.80%
- Bharti Airtel Limited1.44%
JioBlackRock Arbitrage
- JioBlackRock Money Market Fund - Direct Plan - Growth Option11.16%
- ICICI Bank Limited7.14%
- HDFC Bank Limited6.97%
- Reliance Industries Limited6.48%
- Vodafone Idea Limited5.24%
- Canara Bank4.85%
- HDFC Bank Ltd (18-Jan-2027)4.39%
- Canara Bank4.38%
- Life Insurance Corporation Of India3.72%
- JioBlackRock Liquid Fund - Direct Plan - Growth Option2.83%
Sector exposure
| BANDHAN Arbitrage | JioBlackRock Arbitrage | |
|---|---|---|
| Banks | 21.09% | 28.98% |
| Unclassified | 13.88% | 13.99% |
| Other | 13.52% | 0.00% |
| Petroleum Products | 5.26% | 6.69% |
| Telecom - Services | 4.35% | 5.87% |
| Finance | 4.51% | 2.45% |
| CARE A1+ | 0.00% | 4.39% |
| CRISIL A1+ | 0.63% | 4.38% |
| Insurance | 2.05% | 3.79% |
| Ferrous Metals | 3.67% | 1.82% |
| Pharmaceuticals & Biotechnology | 3.49% | 1.93% |
| Consumer Durables | 1.10% | 3.08% |
| Power | 2.57% | 1.54% |
| Industrial Products | 1.97% | 2.24% |
Questions people ask
What is the difference between BANDHAN Arbitrage and JioBlackRock Arbitrage returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +6.52% vs —; 3-year CAGR +7.29% vs —; 5-year CAGR +6.80% vs —; 10-year CAGR +6.33% vs —. Past returns do not indicate future returns.
How do BANDHAN Arbitrage and JioBlackRock Arbitrage compare on risk?
Volatility (36 monthly returns, annualised) 0.58% vs —; Sharpe ratio 1.36 vs —; Sortino ratio 2.19 vs —; maximum drawdown −0.75% vs −0.42%; beta — vs —.
How much do BANDHAN Arbitrage and JioBlackRock Arbitrage overlap?
By weight, 43.3% of the two portfolios is invested in the same companies; 114 stocks are held by both, the largest shared positions being HDFC Bank Limited, Reliance Industries Limited, ICICI Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of BANDHAN Arbitrage and JioBlackRock Arbitrage?
BANDHAN Arbitrage: large cap 51.1%, mid cap 15.6%, small cap 3.5%. JioBlackRock Arbitrage: large cap 56.6%, mid cap 13.5%, small cap 3.9% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
BANDHAN Arbitrage vs
All Arbitrage comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.