Tata Arbitrage Fund vs Mirae Asset Arbitrage Fund
Tata Arbitrage Fund (Direct) and Mirae Asset Arbitrage Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Arbitrage Fund schemes — see the best arbitrage mutual funds for the full ranking.
Head to head
NAVs as of 27 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 22 Jun 2020 – 27 Aug 2026, limited by Mirae Asset Arbitrage Fund. Every series is rebased to ₹100 at the start of this window.
View as table
| Date | Tata Arbitrage Fund | Mirae Asset Arbitrage Fund |
|---|---|---|
| 22 Jun 2020 | ₹100.00 | ₹100.00 |
| 27 Dec 2020 | ₹102.07 | ₹101.88 |
| 03 Jul 2021 | ₹104.84 | ₹104.38 |
| 07 Jan 2022 | ₹106.98 | ₹106.43 |
| 14 Jul 2022 | ₹109.24 | ₹108.67 |
| 18 Jan 2023 | ₹112.51 | ₹111.85 |
| 26 Jul 2023 | ₹117.03 | ₹116.27 |
| 30 Jan 2024 | ₹122.01 | ₹121.31 |
| 05 Aug 2024 | ₹127.28 | ₹126.54 |
| 09 Feb 2025 | ₹132.17 | ₹131.41 |
| 16 Aug 2025 | ₹137.27 | ₹136.08 |
| 20 Feb 2026 | ₹141.94 | ₹140.77 |
| 27 Aug 2026 | ₹146.62 | ₹145.28 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
Tata Arbitrage Fund and Mirae Asset Arbitrage Fund duplicate 50% of their equity book — holding both adds concentration, not diversification.
Shared holdings — Tata Arbitrage Fund vs Mirae Asset Arbitrage Fund
| Stock | Tata Arbitrage Fund | Mirae Asset Arbitrage Fund | |
|---|---|---|---|
| ICICI Bank Ltd | 2.65% | 2.12% | 2.12% |
| Bharti Airtel Ltd | 1.59% | 1.84% | 1.59% |
| Axis Bank Ltd | 1.04% | 1.10% | 1.04% |
| Reliance Industries Ltd | 3.80% | 0.94% | 0.94% |
| State Bank of India | 1.61% | 0.91% | 0.91% |
| Coal India Ltd | 0.89% | 1.14% | 0.89% |
| Hindalco Industries Ltd | 1.15% | 0.87% | 0.87% |
| NTPC Ltd | 0.91% | 0.82% | 0.82% |
| Hindustan Unilever Ltd | 1.58% | 0.82% | 0.82% |
| Bharat Petroleum Corporation Ltd | 0.81% | 0.94% | 0.81% |
| Hindustan Aeronautics Ltd | 1.17% | 0.76% | 0.76% |
| Ashok Leyland Ltd | 0.76% | 1.20% | 0.76% |
| IDFC First Bank Ltd | 0.75% | 0.76% | 0.75% |
| Info Edge (India) Ltd | 0.74% | 0.82% | 0.74% |
| Max Financial Services Ltd | 0.79% | 0.72% | 0.72% |
122 more stocks in common. 137 shared of 154 / 166 positions. Weights are shown as a share of each fund's equity book.
| Metric | Tata · Direct NAV ₹16.28 Moderately High risk ★★★★☆ | Mirae Asset · Direct NAV ₹14.54 Moderately High risk ★★★☆☆ | Category median Arbitrage Fund · 40 funds |
|---|---|---|---|
| +6.61% | +6.54% | +6.38% | |
| +7.50%Best in row | +7.39% | +7.29% | |
| +6.79% | +6.69% | +6.66% | |
| +6.55%Best in row | +6.23% | +6.59% | |
| +7.27%Best in row | +7.16% | — | |
| +6.37% | +6.79%Best in row | +6.54% | |
| +6.38% | +6.46% | +6.25% | |
| Risk | |||
| 0.94%Best in row | 1.07% | 1.04% | |
| 1.07Best in row | 0.83 | 0.72 | |
| 1.64Best in row | 1.26 | 1.07 | |
| -0.57% | -0.44%Best in row | -0.57% | |
| 1.70%Best in row | 2.69% | 1.46% | |
| ₹22,684Cr | ₹3,657Cr | ₹1,159Cr | |
| ₹150 | ₹99 | — | |
| 1312% | 1730% | 903% | |
| Sailesh Jain · 7.7y | Jigar Shethia · 6.2y | — | |
| 19 Dec 2018 | 22 Jun 2020 | — | |
| 154 | 166 | — | |
| 21.9% | 11.4% | — | |
| 68.8% | 86.7% | — | |
10 rows carry the same value for every fund — show
- 10Y return (CAGR)
- —
- 10Y rolling avg
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- Benchmark
- —
- Alpha
- —
- Beta
- —
- Upside capture
- —
- Downside capture
- —
- Exit load
- 0.25%
- Lock-in
- None
- Min lumpsum
- ₹5.00K
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — Tata Arbitrage Fund or Mirae Asset Arbitrage Fund?
Over the last 3 years, Tata Arbitrage Fund returned +7.50% CAGR against Mirae Asset Arbitrage Fund's +7.39%, computed from AMFI NAV history. Over 5 years: Tata Arbitrage Fund +6.79% vs Mirae Asset Arbitrage Fund +6.69% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Tata Arbitrage Fund or Mirae Asset Arbitrage Fund?
Tata Arbitrage Fund has the lower expense ratio: Tata Arbitrage Fund charges 1.70% a year against Mirae Asset Arbitrage Fund's 2.69%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Tata Arbitrage Fund or Mirae Asset Arbitrage Fund?
Mirae Asset Arbitrage Fund has shown higher volatility (+1.07% annualized vs Tata Arbitrage Fund's +0.94%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Tata Arbitrage Fund -0.41% vs Mirae Asset Arbitrage Fund -0.44%.
Which fund manages more money — Tata Arbitrage Fund or Mirae Asset Arbitrage Fund?
Tata Arbitrage Fund is the larger fund: Tata Arbitrage Fund manages ₹22,684Cr against Mirae Asset Arbitrage Fund's ₹3,657Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are Tata Arbitrage Fund and Mirae Asset Arbitrage Fund in the same category?
Yes — both are Arbitrage Fund schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.