Franklin India Arbitrage Fund vs Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund)
Franklin India Arbitrage Fund and Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) are both Arbitrage funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +7.28%, 5-year CAGR — vs —, volatility 0.65% vs 0.51%, maximum drawdown −0.44% vs −0.54%. Their portfolios overlap by 34.7% (42 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
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Sundaram Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹11.4427 | ₹16.6456 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 19 Nov 2024 | 3 Jan 2022 |
| Track record | 2.0 yrs | 4.8 yrs |
| Fund size (AUM) | ₹1,921 Cr | ₹159 Cr |
| Securities held | 144 | 56 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| 1 month | +0.59% | +0.65% |
| 3 months | +1.74% | +1.72% |
| 6 months | +3.50% | +3.41% |
| 1 year | +7.17% | +6.97% |
| 3 years (CAGR) | — | +7.28% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +7.11% | +6.70% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
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
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| 2026 (year to date) | +6.01% | +5.86% |
| 2025 | +7.19% | +7.15% |
| 2024 | — | +7.81% |
| 2023 | — | +7.38% |
Risk
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| Volatility (annualised) ⓘ | 0.65% | 0.51% |
| Downside volatility ⓘ | 0.42% | 0.33% |
| Sharpe ratio ⓘ | 0.94 | 1.52 |
| Sortino ratio ⓘ | 1.45 | 2.39 |
| Maximum drawdown ⓘ | −0.44% | −0.54% |
| Recovery from that fall | 1 months | 1 months |
| Current fall from peak | 0.00% | 0.00% |
| Rolling 1-year return: worst | +6.48% | +4.31% |
| Rolling 1-year return: median | +7.04% | +7.25% |
| Rolling 1-year return: best | +7.66% | +8.07% |
| Share of 1-year periods with a loss | 0.00% | 0.00% |
Against each fund's benchmark
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| Equity | 71.34% | 70.06% |
| Debt | 14.51% | 11.83% |
| Mutual Fund Units | 12.22% | 15.19% |
| Cash & equivalents | 1.90% | -67.47% |
Market-cap split (share of fund assets)
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| Large Cap | 51.93% | 50.26% |
| Mid Cap | 17.68% | 17.68% |
| Small Cap | 1.78% | 2.10% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| Top 10 holdings | 43.94% | 61.17% |
| Effective number of stocks ⓘ | 30.7 | 21.9 |
| Securities held | 144 | 56 |
Portfolio overlap: 34.7%
42 companies are held by both funds; by weight, 34.7% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) |
|---|---|---|
| HDFC Bank Limited | 5.79% | 7.96% |
| ICICI Bank Limited | 6.04% | 5.27% |
| Reliance Industries Limited | 4.13% | 7.56% |
| Axis Bank Limited | 3.38% | 2.87% |
| Bharti Airtel Limited | 2.55% | 4.42% |
| Larsen & Toubro Limited | 1.88% | 2.46% |
| Hindalco Industries Limited | 1.79% | 1.42% |
| Bajaj Finance Limited | 1.03% | 6.16% |
| UPL Ltd. | 1.00% | 2.20% |
| Marico Limited | 0.95% | 1.17% |
| Mahindra & Mahindra Limited | 0.92% | 1.40% |
| Kotak Mahindra Bank Limited | 0.63% | 1.21% |
| TVS Motor Company Ltd. | 0.60% | 1.84% |
| Eternal Limited | 0.54% | 1.38% |
| One 97 Communications Limited | 0.52% | 0.68% |
Top 10 holdings
Franklin India Arbitrage
- Franklin India Money Market Fund Direct-Growth Plan12.02%
- ICICI Bank Limited6.04%
- HDFC Bank Limited5.79%
- Reliance Industries Limited4.13%
- Axis Bank Limited3.37%
- Canara Bank (30/11/2026)2.58%
- Bharti Airtel Limited2.55%
- Union Bank of India2.52%
- National Bank For Agriculture and Rural Development (17/03/2027)2.52%
- Vodafone Idea Limited2.41%
Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund)
- Sundaram Money Market Fund-Direct Plan - Growth9.58%
- HDFC Bank Limited7.96%
- Reliance Industries Limited7.56%
- Ashok Leyland Limited6.28%
- Bajaj Finance Limited6.16%
- Sundaram Liquid Fund - Direct Growth5.61%
- 364 Days Tbill (MD 25/02/2027)5.44%
- ICICI Bank Limited5.27%
- Bharti Airtel Limited4.42%
- Axis Bank Limited2.87%
Sector exposure
| Franklin India Arbitrage | Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | |
|---|---|---|
| Banks | 23.48% | 18.53% |
| Unclassified | 0.00% | 15.19% |
| Mutual Fund | 12.22% | 0.00% |
| Sovereign | 0.00% | 10.03% |
| CRISIL A1+ | 8.91% | 1.81% |
| Petroleum Products | 4.20% | 7.56% |
| Finance | 2.79% | 7.35% |
| Agricultural, Commercial & Construction Vehicles | 0.43% | 6.28% |
| Telecom - Services | 5.44% | 4.42% |
| Automobiles | 4.11% | 3.77% |
| ICRA A1+ | 3.03% | 0.00% |
| Pharmaceuticals & Biotechnology | 2.99% | 0.39% |
| Minerals & Mining | 0.16% | 2.80% |
| CARE A1+ | 2.55% | 0.00% |
Questions people ask
What is the difference between Franklin India Arbitrage and Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +7.17% vs +6.97%; 3-year CAGR — vs +7.28%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Franklin India Arbitrage and Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) compare on risk?
Volatility (36 monthly returns, annualised) 0.65% vs 0.51%; Sharpe ratio 0.94 vs 1.52; Sortino ratio 1.45 vs 2.39; maximum drawdown −0.44% vs −0.54%; beta — vs —.
How much do Franklin India Arbitrage and Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) overlap?
By weight, 34.7% of the two portfolios is invested in the same companies; 42 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 Franklin India Arbitrage and Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund)?
Franklin India Arbitrage: large cap 51.9%, mid cap 17.7%, small cap 1.8%. Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund): large cap 50.3%, mid cap 17.7%, small cap 2.1% (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 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.