Capitalmind Arbitrage Fund vs ITI Arbitrage Fund
Capitalmind Arbitrage Fund and ITI Arbitrage Fund are both Arbitrage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +7.20%, 5-year CAGR — vs +6.25%, volatility — vs 0.64%, maximum drawdown −0.55% vs −0.58%. Their portfolios overlap by 11.9% (12 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
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| Fund house | Capitalmind Mutual Fund | ITI Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹10.4011 | ₹14.7022 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 20 Mar 2026 | 12 Sep 2019 |
| Track record | 0.6 yrs | 7.1 yrs |
| Fund size (AUM) | ₹23 Cr | ₹65 Cr |
| Securities held | 50 | 30 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| 1 month | +0.59% | +0.39% |
| 3 months | +1.64% | +1.45% |
| 6 months | +3.07% | +2.85% |
| 1 year | — | +6.24% |
| 3 years (CAGR) | — | +7.20% |
| 5 years (CAGR) | — | +6.25% |
| 7 years (CAGR) | — | +5.49% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | — | +5.51% |
| SIP return (XIRR, 5 years) ⓘ | — | +6.84% |
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
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| 2026 (year to date) | — | +5.20% |
| 2025 | — | +7.32% |
| 2024 | — | +8.03% |
| 2023 | — | +7.15% |
| 2022 | — | +3.23% |
| 2021 | — | +3.15% |
Risk
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 0.64% |
| Downside volatility ⓘ | — | 0.46% |
| Sharpe ratio ⓘ | — | 1.12 |
| Sortino ratio ⓘ | — | 1.54 |
| Maximum drawdown ⓘ | −0.55% | −0.58% |
| Recovery from that fall | 0 months | 1 months |
| Current fall from peak | −0.14% | −0.23% |
| Rolling 1-year return: worst | — | +2.49% |
| Rolling 1-year return: median | — | +6.24% |
| Rolling 1-year return: best | — | +8.65% |
| Share of 1-year periods with a loss | — | 0.00% |
Against each fund's benchmark
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| Equity | 77.93% | 65.35% |
| Mutual Fund Units | 14.84% | 14.82% |
| Cash & equivalents | 6.58% | 19.83% |
| Debt | 0.65% | 0.00% |
Market-cap split (share of fund assets)
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| Large Cap | 52.53% | 35.38% |
| Mid Cap | 17.84% | 27.06% |
| Small Cap | 7.56% | 2.91% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| Top 10 holdings | 53.10% | 52.77% |
| Effective number of stocks ⓘ | 22.2 | 22 |
| Securities held | 50 | 30 |
Portfolio overlap: 11.9%
12 companies are held by both funds; by weight, 11.9% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Capitalmind Arbitrage | ITI Arbitrage |
|---|---|---|
| Bharti Airtel Limited | 2.92% | 3.22% |
| HDFC Bank Limited | 2.42% | 5.69% |
| Canara Bank | 5.64% | 1.37% |
| Hindustan Zinc Limited | 1.21% | 1.50% |
| Larsen & Toubro Limited | 1.73% | 0.81% |
| Adani Energy Solutions Limited | 1.16% | 0.69% |
| Punjab National Bank | 0.79% | 0.56% |
| HDFC Life Insurance Company Limited | 0.50% | 1.51% |
| Cummins India Limited | 0.42% | 4.56% |
| ITC Limited | 0.40% | 0.70% |
| Shriram Finance Limited | 0.35% | 2.25% |
| Varun Beverages Limited | 0.24% | 3.06% |
Top 10 holdings
Capitalmind Arbitrage
- Capitalmind Liquid Fund - Direct-Growth14.84%
- Canara Bank5.64%
- Reliance Industries Limited5.45%
- Coforge Limited5.45%
- NMDC Limited4.74%
- ICICI Bank Limited4.45%
- Steel Authority of India Limited3.36%
- Axis Bank Limited3.35%
- Bharti Airtel Limited2.92%
- Manappuram Finance Limited2.90%
ITI Arbitrage
- ITI Liquid Fund - Direct Plan - Growth Option14.82%
- One 97 Communications Limited8.83%
- HDFC Bank Limited5.69%
- Cummins India Limited4.56%
- Power Finance Corporation Limited4.44%
- Adani Ports and Special Economic Zone Limited3.56%
- Bharti Airtel Limited3.22%
- Varun Beverages Limited3.06%
- AU Small Finance Bank Limited2.34%
- Shriram Finance Limited2.25%
Sector exposure
| Capitalmind Arbitrage | ITI Arbitrage | |
|---|---|---|
| Banks | 19.33% | 15.33% |
| Unclassified | 14.84% | 14.82% |
| Financial Technology (Fintech) | 0.81% | 8.83% |
| Finance | 5.78% | 8.33% |
| Petroleum Products | 6.89% | 1.64% |
| IT - Software | 5.67% | 1.53% |
| Telecom - Services | 4.84% | 3.22% |
| Minerals & Mining | 4.74% | 0.00% |
| Industrial Products | 0.42% | 4.56% |
| Insurance | 1.47% | 4.45% |
| Transport Infrastructure | 0.00% | 3.56% |
| Construction | 3.51% | 0.81% |
| Ferrous Metals | 3.36% | 0.00% |
| Non - Ferrous Metals | 1.21% | 3.28% |
Questions people ask
What is the difference between Capitalmind Arbitrage and ITI Arbitrage returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return — vs +6.24%; 3-year CAGR — vs +7.20%; 5-year CAGR — vs +6.25%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Capitalmind Arbitrage and ITI Arbitrage compare on risk?
Volatility (36 monthly returns, annualised) — vs 0.64%; Sharpe ratio — vs 1.12; Sortino ratio — vs 1.54; maximum drawdown −0.55% vs −0.58%; beta — vs —.
How much do Capitalmind Arbitrage and ITI Arbitrage overlap?
By weight, 11.9% of the two portfolios is invested in the same companies; 12 stocks are held by both, the largest shared positions being Bharti Airtel Limited, HDFC Bank Limited, Canara Bank. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Capitalmind Arbitrage and ITI Arbitrage?
Capitalmind Arbitrage: large cap 52.5%, mid cap 17.8%, small cap 7.6%. ITI Arbitrage: large cap 35.4%, mid cap 27.1%, small cap 2.9% (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.
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Capitalmind Arbitrage vs
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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.