PGIM India Arbitrage Fund vs UTI - Arbitrage Fund
PGIM India Arbitrage Fund and UTI - Arbitrage Fund are both Arbitrage funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +7.09% vs +7.31%, 5-year CAGR +6.53% vs +6.76%, volatility 0.56% vs 0.57%, maximum drawdown −0.71% vs −0.70%. Their portfolios overlap by 26.9% (24 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
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| Fund house | PGIM India Mutual Fund | UTI Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹21.3467 | ₹40.6178 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 8 Mar 2016 | 23 Jan 2013 |
| Track record | 10.7 yrs | 13.8 yrs |
| Fund size (AUM) | ₹98 Cr | — |
| Securities held | 31 | 166 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| 1 month | +0.63% | +0.50% |
| 3 months | +1.64% | +1.55% |
| 6 months | +3.36% | +3.21% |
| 1 year | +6.69% | +6.63% |
| 3 years (CAGR) | +7.09% | +7.31% |
| 5 years (CAGR) | +6.53% | +6.76% |
| 7 years (CAGR) | +5.94% | +6.19% |
| 10 years (CAGR) | +6.09% | +6.33% |
| Since launch (CAGR) | +6.12% | +6.76% |
| SIP return (XIRR, 5 years) ⓘ | +6.91% | +7.12% |
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
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| 2026 (year to date) | +5.72% | +5.56% |
| 2025 | +6.68% | +7.05% |
| 2024 | +7.85% | +8.28% |
| 2023 | +7.36% | +7.77% |
| 2022 | +4.48% | +4.64% |
| 2021 | +4.23% | +4.46% |
Risk
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| Volatility (annualised) ⓘ | 0.56% | 0.57% |
| Downside volatility ⓘ | 0.36% | 0.35% |
| Sharpe ratio ⓘ | 1.05 | 1.43 |
| Sortino ratio ⓘ | 1.64 | 2.32 |
| Maximum drawdown ⓘ | −0.71% | −0.70% |
| Recovery from that fall | 0 months | 0 months |
| Current fall from peak | −0.01% | −0.01% |
| Rolling 1-year return: worst | +3.51% | +3.70% |
| Rolling 1-year return: median | +6.45% | +6.79% |
| Rolling 1-year return: best | +8.13% | +9.34% |
| Share of 1-year periods with a loss | 0.00% | 0.00% |
Against each fund's benchmark
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| Equity | 75.01% | 65.88% |
| Debt | 10.26% | 33.08% |
| Cash & equivalents | 3.86% | 1.01% |
Market-cap split (share of fund assets)
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| Large Cap | 63.65% | 46.26% |
| Mid Cap | 6.30% | 15.35% |
| Small Cap | 5.06% | 4.27% |
| Unclassified | 0.00% | 0.00% |
Concentration
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| Top 10 holdings | 59.29% | 47.27% |
| Effective number of stocks ⓘ | 21.9 | 18.9 |
| Securities held | 31 | 166 |
Portfolio overlap: 26.9%
24 companies are held by both funds; by weight, 26.9% of the two portfolios is the same. That is a moderate overlap.
| Held by both | PGIM India Arbitrage | UTI - Arbitrage |
|---|---|---|
| HDFC Bank Limited | 9.64% | 5.02% |
| Reliance Industries Limited | 9.33% | 4.78% |
| ICICI Bank Limited | 9.63% | 4.39% |
| Bharti Airtel Limited | 5.19% | 1.94% |
| Punjab National Bank | 2.12% | 1.57% |
| Vodafone Idea Limited | 5.01% | 1.52% |
| Life Insurance Corporation Of India | 1.92% | 1.03% |
| Yes Bank Limited | 0.93% | 1.71% |
| Axis Bank Limited | 5.39% | 0.92% |
| Jio Financial Services Limited | 1.04% | 0.84% |
| Bank of Baroda | 1.72% | 0.69% |
| Hindustan Unilever Ltd. | 0.46% | 0.44% |
| Cummins India Limited | 0.97% | 0.41% |
| LIC Housing Finance Limited | 0.38% | 0.71% |
| Ambuja Cements Ltd. | 1.92% | 0.32% |
Top 10 holdings
PGIM India Arbitrage
- HDFC Bank Limited9.64%
- ICICI Bank Limited9.63%
- Reliance Industries Limited9.33%
- Axis Bank Limited5.39%
- Bharti Airtel Limited5.19%
- 182 Days Tbill (MD 19/11/2026)5.07%
- Vodafone Idea Limited5.01%
- PNB Housing Finance Limited3.64%
- Varun Beverages Limited3.32%
- HDFC Asset Management Company Limited3.07%
UTI - Arbitrage
- MF UNITS UTI-MONEY MARKET FUND19.58%
- HDFC Bank Limited5.02%
- Reliance Industries Limited4.78%
- ICICI Bank Limited4.39%
- State Bank of India3.25%
- MF UNITS UTI - FLOATER FUND2.31%
- Canara Bank2.24%
- Canara Bank1.95%
- Bharti Airtel Limited1.94%
- Steel Authority of India Limited1.81%
Sector exposure
| PGIM India Arbitrage | UTI - Arbitrage | |
|---|---|---|
| Banks | 30.40% | 24.30% |
| - | 0.00% | 21.90% |
| Telecom - Services | 10.20% | 5.01% |
| Petroleum Products | 9.33% | 5.08% |
| CRISIL A1+ | 0.00% | 8.71% |
| SOVEREIGN | 5.27% | 0.00% |
| Finance | 5.06% | 4.98% |
| Capital Markets | 4.96% | 0.51% |
| Ferrous Metals | 0.00% | 3.98% |
| Beverages | 3.32% | 0.27% |
| Pharmaceuticals & Biotechnology | 0.00% | 3.11% |
| Electrical Equipment | 0.00% | 2.55% |
| SOV | 2.53% | 0.00% |
| Sovereign | 2.46% | 0.00% |
Questions people ask
What is the difference between PGIM India Arbitrage and UTI - Arbitrage returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +6.69% vs +6.63%; 3-year CAGR +7.09% vs +7.31%; 5-year CAGR +6.53% vs +6.76%; 10-year CAGR +6.09% vs +6.33%. Past returns do not indicate future returns.
How do PGIM India Arbitrage and UTI - Arbitrage compare on risk?
Volatility (36 monthly returns, annualised) 0.56% vs 0.57%; Sharpe ratio 1.05 vs 1.43; Sortino ratio 1.64 vs 2.32; maximum drawdown −0.71% vs −0.70%; beta — vs —.
How much do PGIM India Arbitrage and UTI - Arbitrage overlap?
By weight, 26.9% of the two portfolios is invested in the same companies; 24 stocks are held by both, the largest shared positions being HDFC Bank Limited, Reliance Industries Limited, ICICI Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of PGIM India Arbitrage and UTI - Arbitrage?
PGIM India Arbitrage: large cap 63.7%, mid cap 6.3%, small cap 5.1%. UTI - Arbitrage: large cap 46.3%, mid cap 15.4%, small cap 4.3% (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
PGIM India Arbitrage vs
All Arbitrage comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
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.