JioBlackRock Arbitrage Fund vs Mirae Asset Arbitrage Fund
JioBlackRock Arbitrage Fund and Mirae Asset Arbitrage Fund are both Arbitrage funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +7.36%, 5-year CAGR — vs +6.83%, volatility — vs 0.61%, maximum drawdown −0.42% vs −0.44%. Their portfolios overlap by 22.3% (98 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
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Mirae Asset Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹10.6280 | ₹14.7380 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 19 Dec 2025 | 22 Jun 2020 |
| Track record | 0.9 yrs | 6.4 yrs |
| Fund size (AUM) | ₹1,117 Cr | ₹3,737 Cr |
| Securities held | 121 | 168 |
| Portfolio as of | 30 Sep 2026 | 30 Jun 2026 |
| Fund page | Full record → | Full record → |
Returns
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| 1 month | +0.51% | +0.54% |
| 3 months | +1.70% | +1.65% |
| 6 months | +3.41% | +3.37% |
| 1 year | — | +6.77% |
| 3 years (CAGR) | — | +7.36% |
| 5 years (CAGR) | — | +6.83% |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | — | +6.26% |
| SIP return (XIRR, 5 years) ⓘ | — | +7.19% |
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
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| 2026 (year to date) | +5.94% | +5.72% |
| 2025 | — | +6.99% |
| 2024 | — | +8.36% |
| 2023 | — | +7.82% |
| 2022 | — | +4.84% |
| 2021 | — | +4.19% |
Risk
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 0.61% |
| Downside volatility ⓘ | — | 0.39% |
| Sharpe ratio ⓘ | — | 1.42 |
| Sortino ratio ⓘ | — | 2.24 |
| Maximum drawdown ⓘ | −0.42% | −0.44% |
| Recovery from that fall | 0 months | 1 months |
| Current fall from peak | −0.03% | −0.01% |
| Rolling 1-year return: worst | — | +3.74% |
| Rolling 1-year return: median | — | +6.84% |
| Rolling 1-year return: best | — | +8.78% |
| Share of 1-year periods with a loss | — | 0.00% |
Against each fund's benchmark
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| Equity | 74.08% | 70.54% |
| Mutual Fund Units | 13.99% | 13.68% |
| Debt | 8.77% | 0.00% |
| Cash & equivalents | 3.15% | 15.78% |
Market-cap split (share of fund assets)
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| Large Cap | 56.64% | 36.73% |
| Mid Cap | 13.54% | 26.88% |
| Small Cap | 3.90% | 6.92% |
| Unclassified | 0.00% | 0.00% |
Concentration
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| Top 10 holdings | 57.17% | 23.29% |
| Effective number of stocks ⓘ | 24 | 69.3 |
| Securities held | 121 | 168 |
Portfolio overlap: 22.3%
98 companies are held by both funds; by weight, 22.3% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | JioBlackRock Arbitrage | Mirae Asset Arbitrage |
|---|---|---|
| ICICI Bank Limited | 7.14% | 1.49% |
| Axis Bank Limited | 1.22% | 0.78% |
| PG Electroplast Limited | 0.82% | 0.71% |
| The Federal Bank Limited | 1.09% | 0.67% |
| Reliance Industries Limited | 6.48% | 0.67% |
| State Bank of India | 2.14% | 0.64% |
| Power Finance Corporation Limited | 0.64% | 0.85% |
| Cummins India Limited | 0.72% | 0.60% |
| Swiggy Limited | 1.19% | 0.59% |
| Godrej Properties Limited | 0.70% | 0.58% |
| IndusInd Bank Limited | 0.70% | 0.56% |
| IDFC First Bank Limited | 0.62% | 0.54% |
| Bharti Airtel Limited | 0.54% | 1.30% |
| Coal India Limited | 0.51% | 0.80% |
| ITC Limited | 1.62% | 0.48% |
Top 10 holdings
JioBlackRock Arbitrage
- JioBlackRock Money Market Fund - Direct Plan - Growth Option11.16%
- ICICI Bank Limited7.14%
- HDFC Bank Limited6.97%
- Reliance Industries Limited6.48%
- Vodafone Idea Limited5.24%
- Canara Bank4.85%
- HDFC Bank Ltd (18-Jan-2027)4.39%
- Canara Bank4.38%
- Life Insurance Corporation Of India3.72%
- JioBlackRock Liquid Fund - Direct Plan - Growth Option2.83%
Mirae Asset Arbitrage
- Mirae Asset Liquid Fund-Direct Plan-Growth9.04%
- Mirae Asset Money Market Fund-Direct Plan-Growth4.64%
- ICICI Bank Limited1.49%
- Larsen & Toubro Limited1.35%
- BSE Limited1.32%
- Bharti Airtel Limited1.29%
- REC Limited1.16%
- Angel One Limited1.04%
- DLF Limited0.98%
- Central Depository Services (India) Limited0.97%
Sector exposure
| JioBlackRock Arbitrage | Mirae Asset Arbitrage | |
|---|---|---|
| Banks | 28.98% | 7.90% |
| Unclassified | 13.99% | 13.68% |
| Petroleum Products | 6.69% | 2.09% |
| Finance | 2.45% | 5.93% |
| Telecom - Services | 5.87% | 1.29% |
| Capital Markets | 1.11% | 5.86% |
| CARE A1+ | 4.39% | 0.00% |
| CRISIL A1+ | 4.38% | 0.00% |
| Insurance | 3.79% | 1.91% |
| Consumer Durables | 3.08% | 3.68% |
| Pharmaceuticals & Biotechnology | 1.93% | 3.57% |
| Automobiles | 0.81% | 3.31% |
| Realty | 0.75% | 3.22% |
| Retailing | 1.26% | 2.58% |
Questions people ask
What is the difference between JioBlackRock Arbitrage and Mirae Asset Arbitrage returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return — vs +6.77%; 3-year CAGR — vs +7.36%; 5-year CAGR — vs +6.83%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do JioBlackRock Arbitrage and Mirae Asset Arbitrage compare on risk?
Volatility (36 monthly returns, annualised) — vs 0.61%; Sharpe ratio — vs 1.42; Sortino ratio — vs 2.24; maximum drawdown −0.42% vs −0.44%; beta — vs —.
How much do JioBlackRock Arbitrage and Mirae Asset Arbitrage overlap?
By weight, 22.3% of the two portfolios is invested in the same companies; 98 stocks are held by both, the largest shared positions being ICICI Bank Limited, Axis Bank Limited, PG Electroplast Limited. Based on the portfolios disclosed for Sep 2026 and Jun 2026.
What is the large, mid and small cap split of JioBlackRock Arbitrage and Mirae Asset Arbitrage?
JioBlackRock Arbitrage: large cap 56.6%, mid cap 13.5%, small cap 3.9%. Mirae Asset Arbitrage: large cap 36.7%, mid cap 26.9%, small cap 6.9% (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
JioBlackRock 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 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.