Helios Arbitrage Fund vs TRUSTMF ARBITRAGE FUND
Helios Arbitrage Fund and TRUSTMF ARBITRAGE FUND are both Arbitrage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility — vs 0.73%, maximum drawdown −0.49% vs −0.41%. Their portfolios overlap by 35.1% (20 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
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| Fund house | Helios Mutual Fund | Trust Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹10.3600 | ₹10.7618 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 23 Mar 2026 | 1 Sep 2025 |
| Track record | 0.6 yrs | 1.2 yrs |
| Fund size (AUM) | ₹133 Cr | ₹138 Cr |
| Securities held | 35 | 57 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| 1 month | +0.29% | +0.41% |
| 3 months | +1.27% | +1.50% |
| 6 months | +2.88% | +3.15% |
| 1 year | — | +6.45% |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | — | +6.43% |
| 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
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| 2026 (year to date) | — | +5.37% |
Risk
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 0.73% |
| Downside volatility ⓘ | — | 0.61% |
| Sharpe ratio ⓘ | — | -0.09 |
| Sortino ratio ⓘ | — | -0.11 |
| Maximum drawdown ⓘ | −0.49% | −0.41% |
| Recovery from that fall | 0 months | 0 months |
| Current fall from peak | −0.19% | −0.18% |
| Rolling 1-year return: worst | — | +6.18% |
| Rolling 1-year return: median | — | +6.48% |
| Rolling 1-year return: best | — | +6.81% |
| Share of 1-year periods with a loss | — | 0.00% |
Against each fund's benchmark
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| Equity | 75.32% | 77.02% |
| Debt | 21.76% | 0.00% |
| Cash & equivalents | 2.92% | 4.39% |
| Mutual Fund Units | 0.00% | 18.59% |
Market-cap split (share of fund assets)
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| Large Cap | 68.64% | 61.31% |
| Mid Cap | 5.06% | 10.72% |
| Small Cap | 1.62% | 4.99% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| Top 10 holdings | 50.39% | 55.22% |
| Effective number of stocks ⓘ | 26.1 | 17.8 |
| Securities held | 35 | 57 |
Portfolio overlap: 35.1%
20 companies are held by both funds; by weight, 35.1% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Helios Arbitrage | TRUSTMF ARBITRAGE |
|---|---|---|
| Axis Bank Limited | 5.59% | 5.61% |
| ICICI Bank Limited | 5.78% | 4.09% |
| HDFC Bank Limited | 6.93% | 4.08% |
| Reliance Industries Limited | 5.80% | 3.83% |
| Canara Bank | 3.64% | 6.38% |
| Tata Steel Ltd. | 4.77% | 2.28% |
| Larsen & Toubro Limited | 3.51% | 2.20% |
| Bharti Airtel Limited | 1.95% | 3.15% |
| State Bank of India | 4.22% | 1.51% |
| Punjab National Bank | 0.95% | 1.31% |
| Indus Towers Limited | 0.81% | 2.53% |
| HDFC Asset Management Company Limited | 1.24% | 0.65% |
| Bajaj Finance Limited | 0.65% | 2.61% |
| Bank of Baroda | 2.13% | 0.64% |
| Eicher Motors Ltd. | 4.36% | 0.62% |
Top 10 holdings
Helios Arbitrage
- HDFC Bank Limited6.93%
- Reliance Industries Limited5.80%
- ICICI Bank Limited5.78%
- Axis Bank Limited5.59%
- Life Insurance Corporation Of India5.58%
- Tata Steel Ltd.4.77%
- Eicher Motors Ltd.4.36%
- State Bank of India4.22%
- 364 DAY T-BILL 28.01.273.69%
- 364 DAYS T-BILL 110320273.67%
TRUSTMF ARBITRAGE
- TRUSTMF Liquid Fund-Direct Plan-Growth18.59%
- Canara Bank6.38%
- Axis Bank Limited5.61%
- ICICI Bank Limited4.09%
- HDFC Bank Limited4.08%
- Maruti Suzuki India Limited3.95%
- Reliance Industries Limited3.83%
- Bharti Airtel Limited3.15%
- Kalyan Jewellers India Limited2.93%
- Bajaj Finance Limited2.61%
Sector exposure
| Helios Arbitrage | TRUSTMF ARBITRAGE | |
|---|---|---|
| Banks | 31.09% | 29.50% |
| Sovereign | 21.76% | 0.00% |
| Unclassified | 0.00% | 18.59% |
| Telecom - Services | 2.76% | 8.23% |
| Ferrous Metals | 7.49% | 2.28% |
| Petroleum Products | 5.80% | 3.88% |
| Automobiles | 4.54% | 5.64% |
| Insurance | 5.58% | 0.46% |
| Finance | 4.45% | 4.49% |
| Consumer Durables | 2.03% | 4.27% |
| Construction | 3.51% | 2.20% |
| Capital Markets | 2.58% | 2.14% |
| Agricultural, Commercial & Construction Vehicles | 2.55% | 0.00% |
| Industrial Products | 0.00% | 2.21% |
Questions people ask
What is the difference between Helios Arbitrage and TRUSTMF ARBITRAGE returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return — vs +6.45%; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Helios Arbitrage and TRUSTMF ARBITRAGE compare on risk?
Volatility (36 monthly returns, annualised) — vs 0.73%; Sharpe ratio — vs -0.09; Sortino ratio — vs -0.11; maximum drawdown −0.49% vs −0.41%; beta — vs —.
How much do Helios Arbitrage and TRUSTMF ARBITRAGE overlap?
By weight, 35.1% of the two portfolios is invested in the same companies; 20 stocks are held by both, the largest shared positions being Axis Bank Limited, ICICI Bank Limited, HDFC Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Helios Arbitrage and TRUSTMF ARBITRAGE?
Helios Arbitrage: large cap 68.6%, mid cap 5.1%, small cap 1.6%. TRUSTMF ARBITRAGE: large cap 61.3%, mid cap 10.7%, small cap 5.0% (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.