BARODA BNP PARIBAS ARBITRAGE FUND vs UTI - Arbitrage Fund
BARODA BNP PARIBAS ARBITRAGE FUND and UTI - Arbitrage Fund are both Arbitrage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +7.15% vs +7.26%, 5-year CAGR — vs +6.74%, volatility 0.60% vs 0.60%, maximum drawdown −0.30% vs −0.70%. Their portfolios overlap by 37.8% (81 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
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | UTI Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹18.4162 | ₹40.5732 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 14 Mar 2022 | 23 Jan 2013 |
| Track record | 4.6 yrs | 13.8 yrs |
| Fund size (AUM) | ₹1,015 Cr | — |
| Securities held | 91 | 166 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| 1 month | +0.43% | +0.38% |
| 3 months | +1.44% | +1.54% |
| 6 months | +3.04% | +3.17% |
| 1 year | +6.22% | +6.51% |
| 3 years (CAGR) | +7.15% | +7.26% |
| 5 years (CAGR) | — | +6.74% |
| 7 years (CAGR) | — | +6.17% |
| 10 years (CAGR) | — | +6.32% |
| Since launch (CAGR) | +6.87% | +6.76% |
| SIP return (XIRR, 5 years) ⓘ | — | +7.08% |
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
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| 2026 (year to date) | +5.17% | +5.44% |
| 2025 | +7.02% | +7.05% |
| 2024 | +8.26% | +8.28% |
| 2023 | +7.87% | +7.77% |
| 2022 | — | +4.64% |
| 2021 | — | +4.46% |
Risk
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| Volatility (annualised) ⓘ | 0.60% | 0.60% |
| Downside volatility ⓘ | 0.41% | 0.39% |
| Sharpe ratio ⓘ | 1.10 | 1.31 |
| Sortino ratio ⓘ | 1.63 | 2.01 |
| Maximum drawdown ⓘ | −0.30% | −0.70% |
| Recovery from that fall | 0 months | 0 months |
| Current fall from peak | −0.15% | −0.12% |
| Rolling 1-year return: worst | +4.93% | +3.70% |
| Rolling 1-year return: median | +7.42% | +6.79% |
| Rolling 1-year return: best | +8.87% | +9.34% |
| Share of 1-year periods with a loss | 0.00% | 0.00% |
Against each fund's benchmark
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| Equity | 71.24% | 65.88% |
| Debt | 12.09% | 33.08% |
| Cash & equivalents | 8.67% | 1.01% |
| Mutual Fund Units | 8.00% | 0.00% |
Market-cap split (share of fund assets)
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| Large Cap | 50.10% | 46.26% |
| Mid Cap | 11.95% | 15.35% |
| Small Cap | 9.19% | 4.27% |
| Unclassified | 0.00% | 0.00% |
Concentration
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| Top 10 holdings | 40.41% | 47.27% |
| Effective number of stocks ⓘ | 37.7 | 18.9 |
| Securities held | 91 | 166 |
Portfolio overlap: 37.8%
81 companies are held by both funds; by weight, 37.8% of the two portfolios is the same. That is a moderate overlap.
| Held by both | BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage |
|---|---|---|
| HDFC Bank Limited | 3.69% | 5.02% |
| ICICI Bank Limited | 2.92% | 4.39% |
| Reliance Industries Limited | 2.31% | 4.78% |
| Canara Bank | 3.75% | 1.95% |
| State Bank of India | 1.90% | 3.25% |
| Steel Authority of India Limited | 1.58% | 1.81% |
| Vodafone Idea Limited | 4.55% | 1.52% |
| Glenmark Pharmaceuticals Limited | 3.21% | 1.50% |
| Indus Towers Limited | 1.46% | 1.55% |
| NMDC Limited | 2.82% | 1.34% |
| JSW Steel Limited | 1.18% | 1.35% |
| Manappuram Finance Limited | 2.79% | 1.15% |
| Kotak Mahindra Bank Limited | 1.13% | 1.54% |
| Coal India Limited | 1.34% | 1.02% |
| Punjab National Bank | 0.97% | 1.57% |
Top 10 holdings
BARODA BNP PARIBAS ARBITRAGE
- Baroda BNP Paribas Liquid Fund - Direct Growth8.00%
- 364 DAYS T-BILL 110320274.80%
- Vodafone Idea Limited4.55%
- Axis Bank Limited3.86%
- Canara Bank3.75%
- HDFC Bank Limited3.69%
- Glenmark Pharmaceuticals Limited3.21%
- ICICI Bank Limited2.92%
- NMDC Limited2.82%
- Adani Energy Solutions Limited2.81%
UTI - Arbitrage
- MF UNITS UTI-MONEY MARKET FUND19.58%
- HDFC Bank Limited5.02%
- Reliance Industries Limited4.78%
- ICICI Bank Limited4.39%
- State Bank of India3.25%
- MF UNITS UTI - FLOATER FUND2.31%
- Canara Bank2.24%
- Canara Bank1.95%
- Bharti Airtel Limited1.94%
- Steel Authority of India Limited1.81%
Sector exposure
| BARODA BNP PARIBAS ARBITRAGE | UTI - Arbitrage | |
|---|---|---|
| Banks | 19.85% | 24.30% |
| - | 0.00% | 21.90% |
| Power | 9.02% | 0.80% |
| CRISIL A1+ | 0.00% | 8.71% |
| Other | 8.00% | 0.00% |
| Finance | 7.22% | 4.98% |
| Sovereign | 7.20% | 0.00% |
| Telecom - Services | 6.39% | 5.01% |
| Petroleum Products | 2.31% | 5.08% |
| SOVEREIGN | 4.89% | 0.00% |
| Pharmaceuticals & Biotechnology | 4.37% | 3.11% |
| Ferrous Metals | 3.75% | 3.98% |
| Minerals & Mining | 2.82% | 1.34% |
| Electrical Equipment | 2.12% | 2.55% |
Questions people ask
What is the difference between BARODA BNP PARIBAS ARBITRAGE and UTI - Arbitrage returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +6.22% vs +6.51%; 3-year CAGR +7.15% vs +7.26%; 5-year CAGR — vs +6.74%; 10-year CAGR — vs +6.32%. Past returns do not indicate future returns.
How do BARODA BNP PARIBAS ARBITRAGE and UTI - Arbitrage compare on risk?
Volatility (36 monthly returns, annualised) 0.60% vs 0.60%; Sharpe ratio 1.10 vs 1.31; Sortino ratio 1.63 vs 2.01; maximum drawdown −0.30% vs −0.70%; beta — vs —.
How much do BARODA BNP PARIBAS ARBITRAGE and UTI - Arbitrage overlap?
By weight, 37.8% of the two portfolios is invested in the same companies; 81 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of BARODA BNP PARIBAS ARBITRAGE and UTI - Arbitrage?
BARODA BNP PARIBAS ARBITRAGE: large cap 50.1%, mid cap 12.0%, small cap 9.2%. UTI - Arbitrage: large cap 46.3%, mid cap 15.4%, small cap 4.3% (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.
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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 5 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.