DSP Arbitrage fund vs ITI Arbitrage Fund
DSP Arbitrage fund and ITI Arbitrage Fund are both Arbitrage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +7.15% vs +7.20%, 5-year CAGR +6.68% vs +6.25%, volatility 0.61% vs 0.64%, maximum drawdown −0.60% vs −0.58%. Their portfolios overlap by 14.1% (26 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
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| Fund house | DSP Mutual Fund | ITI Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹16.9990 | ₹14.7022 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 29 Jan 2018 | 12 Sep 2019 |
| Track record | 8.8 yrs | 7.1 yrs |
| Fund size (AUM) | ₹2,170 Cr | ₹65 Cr |
| Securities held | 188 | 30 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| 1 month | +0.40% | +0.39% |
| 3 months | +1.52% | +1.45% |
| 6 months | +3.12% | +2.85% |
| 1 year | +6.42% | +6.24% |
| 3 years (CAGR) | +7.15% | +7.20% |
| 5 years (CAGR) | +6.68% | +6.25% |
| 7 years (CAGR) | +6.04% | +5.49% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +6.22% | +5.51% |
| SIP return (XIRR, 5 years) ⓘ | +7.00% | +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
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| 2026 (year to date) | +5.38% | +5.20% |
| 2025 | +6.88% | +7.32% |
| 2024 | +8.18% | +8.03% |
| 2023 | +7.80% | +7.15% |
| 2022 | +4.68% | +3.23% |
| 2021 | +4.02% | +3.15% |
Risk
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| Volatility (annualised) ⓘ | 0.61% | 0.64% |
| Downside volatility ⓘ | 0.41% | 0.46% |
| Sharpe ratio ⓘ | 1.10 | 1.12 |
| Sortino ratio ⓘ | 1.62 | 1.54 |
| Maximum drawdown ⓘ | −0.60% | −0.58% |
| Recovery from that fall | 0 months | 1 months |
| Current fall from peak | −0.14% | −0.23% |
| Rolling 1-year return: worst | +3.32% | +2.49% |
| Rolling 1-year return: median | +6.60% | +6.24% |
| Rolling 1-year return: best | +8.55% | +8.65% |
| Share of 1-year periods with a loss | 0.00% | 0.00% |
Against each fund's benchmark
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| Equity | 78.33% | 65.35% |
| Debt | 19.25% | 0.00% |
| Cash & equivalents | -65.27% | 19.83% |
| Mutual Fund Units | 0.00% | 14.82% |
Market-cap split (share of fund assets)
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| Large Cap | 50.46% | 35.38% |
| Mid Cap | 12.76% | 27.06% |
| Small Cap | 4.15% | 2.91% |
| Unclassified | 10.96% | 0.00% |
Concentration
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| Top 10 holdings | 37.32% | 52.77% |
| Effective number of stocks ⓘ | 39.9 | 22 |
| Securities held | 188 | 30 |
Portfolio overlap: 14.1%
26 companies are held by both funds; by weight, 14.1% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | DSP Arbitrage | ITI Arbitrage |
|---|---|---|
| HDFC Bank Limited | 4.76% | 5.69% |
| Bharti Airtel Limited | 1.62% | 3.22% |
| Canara Bank | 1.21% | 1.37% |
| ITC Limited | 1.69% | 0.70% |
| Adani Energy Solutions Limited | 1.12% | 0.69% |
| Punjab National Bank | 1.62% | 0.56% |
| Larsen & Toubro Limited | 0.47% | 0.81% |
| Ambuja Cements Ltd. | 0.47% | 1.46% |
| Aditya Birla Capital Limited | 0.46% | 1.64% |
| HDFC Life Insurance Company Limited | 0.43% | 1.51% |
| Power Finance Corporation Limited | 0.39% | 4.44% |
| Shriram Finance Limited | 0.31% | 2.25% |
| AU Small Finance Bank Limited | 0.31% | 2.34% |
| Varun Beverages Limited | 0.28% | 3.06% |
| Cummins India Limited | 0.27% | 4.56% |
Top 10 holdings
DSP Arbitrage
- DSP Money Market Fund10.96%
- HDFC Bank Limited4.76%
- Reliance Industries Limited4.63%
- Vodafone Idea Limited3.05%
- Bank of Baroda2.89%
- Indian Bank2.83%
- ICICI Bank Limited2.73%
- Axis Bank Limited2.16%
- ITC Limited1.69%
- Punjab National Bank1.62%
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
| DSP Arbitrage | ITI Arbitrage | |
|---|---|---|
| Banks | 19.94% | 15.33% |
| Unclassified | 0.00% | 14.82% |
| CRISIL A1+ | 14.63% | 0.00% |
| Mutual Funds | 10.96% | 0.00% |
| Financial Technology (Fintech) | 0.19% | 8.83% |
| Finance | 5.00% | 8.33% |
| Telecom - Services | 5.64% | 3.22% |
| Petroleum Products | 4.74% | 1.64% |
| Industrial Products | 1.05% | 4.56% |
| Insurance | 0.94% | 4.45% |
| Transport Infrastructure | 0.88% | 3.56% |
| Ferrous Metals | 3.43% | 0.00% |
| Pharmaceuticals & Biotechnology | 3.37% | 0.00% |
| IND A1+ | 3.32% | 0.00% |
Questions people ask
What is the difference between DSP Arbitrage and ITI Arbitrage returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +6.42% vs +6.24%; 3-year CAGR +7.15% vs +7.20%; 5-year CAGR +6.68% vs +6.25%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do DSP Arbitrage and ITI Arbitrage compare on risk?
Volatility (36 monthly returns, annualised) 0.61% vs 0.64%; Sharpe ratio 1.10 vs 1.12; Sortino ratio 1.62 vs 1.54; maximum drawdown −0.60% vs −0.58%; beta — vs —.
How much do DSP Arbitrage and ITI Arbitrage overlap?
By weight, 14.1% of the two portfolios is invested in the same companies; 26 stocks are held by both, the largest shared positions being HDFC Bank Limited, Bharti Airtel Limited, Canara Bank. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of DSP Arbitrage and ITI Arbitrage?
DSP Arbitrage: large cap 50.5%, mid cap 12.8%, small cap 4.2%. 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.
More comparisons
DSP 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.