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Baroda Bnp Paribas Arbitrage Fund-direct Plan-growth Option vs ITI Arbitrage Fund - Direct Plan - Growth Option
Baroda Bnp Paribas Arbitrage Fund- and ITI Arbitrage Fund are both in the Arbitrage Fund category, from Baroda BNP Paribas Asset Management India Private Limited and ITI Asset Management Limited respectively. Baroda Bnp Paribas Arbitrage Fund- has posted a higher 3-year rolling CAGR. Baroda Bnp Paribas Arbitrage Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Baroda Bnp Paribas Arbitrage Fund- has the lower direct-plan expense ratio, by 0.76 percentage points.
| Baroda Bnp Paribas Arbitrage Fund-direct Plan-growth Option | ITI Arbitrage Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Arbitrage Fund | Arbitrage Fund |
| AMC | Baroda BNP Paribas Asset Management India Private Limited | ITI Asset Management Limited |
| Benchmark | Nifty 50 Arbitrage | Nifty 50 Arbitrage |
| NAV | ₹18.3848 (2026-10-28) | ₹14.6921 (2026-10-28) |
| AUM | ₹1,043.89 Cr | ₹64.59 Cr |
| Expense Ratio (Direct) | 0.35% | 1.11% |
| Inception | 2016-12-08 | 2019-08-20 |
Returns
Baroda Bnp Paribas Arbitrage Fund- leads on 3-year rolling CAGR (7.6% vs ITI Arbitrage Fund's 5.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Arbitrage funds target a small, steady spread rather than market returns, so beta and alpha against an equity index describe nothing useful.
Portfolio Analytics
ITI Arbitrage Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Baroda Bnp Paribas Arbitrage Fund-direct Plan-growth Option | ITI Arbitrage Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 14.0357 | 19.2405 |
| P/B Ratio | 6.656 | 6.656 |
| Dividend Yield | 1.1815% | 1.3916% |
| Active Share | - | - |
| Portfolio Turnover | 1261% | - |
| YTM | 5.624% | - |
| Duration (Macaulay) | 0.23 yrs | - |
Punji Fund Health Score
Baroda Bnp Paribas Arbitrage Fund- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Baroda Bnp Paribas Arbitrage Fund- or ITI Arbitrage Fund?
Baroda Bnp Paribas Arbitrage Fund-'s 3-year rolling CAGR of 7.6% is higher than ITI Arbitrage Fund's 5.7%. Baroda Bnp Paribas Arbitrage Fund- sits in the 100th percentile of its category on this metric, versus the 8th percentile for ITI Arbitrage Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Baroda Bnp Paribas Arbitrage Fund- or ITI Arbitrage Fund?
Baroda Bnp Paribas Arbitrage Fund-'s direct-plan expense ratio is 0.76 percentage points lower than ITI Arbitrage Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Baroda Bnp Paribas Arbitrage Fund- and ITI Arbitrage Fund show risk metrics like Sharpe ratio or alpha?
Arbitrage funds target a small, steady spread rather than market returns, so beta and alpha against an equity index describe nothing useful. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Baroda Bnp Paribas Arbitrage Fund- or ITI Arbitrage Fund?
Baroda Bnp Paribas Arbitrage Fund- has ₹1,044 Cr in assets under management, versus ₹65 Cr for ITI Arbitrage Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Baroda Bnp Paribas Arbitrage Fund- or ITI Arbitrage Fund?
Baroda Bnp Paribas Arbitrage Fund- launched on 2016-12-08, making it older than ITI Arbitrage Fund (launched 2019-08-20). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.