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Baroda Bnp Paribas Arbitrage Fund-direct Plan-growth Option vs Trustmf Arbitrage Fund -direct Plan-growth
Baroda Bnp Paribas Arbitrage Fund- and Trustmf Arbitrage Fund - are both in the Arbitrage Fund category, from Baroda BNP Paribas Asset Management India Private Limited and Trust Asset Management Private Limited respectively. 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 1.11 percentage points.
| Baroda Bnp Paribas Arbitrage Fund-direct Plan-growth Option | Trustmf Arbitrage Fund -direct Plan-growth | |
|---|---|---|
| Category | Arbitrage Fund | Arbitrage Fund |
| AMC | Baroda BNP Paribas Asset Management India Private Limited | Trust Asset Management Private Limited |
| Benchmark | Nifty 50 Arbitrage | Nifty 50 Arbitrage |
| NAV | ₹18.3848 (2026-10-28) | ₹10.7484 (2026-10-28) |
| AUM | ₹1,043.89 Cr | ₹150 Cr |
| Expense Ratio (Direct) | 0.35% | 1.46% |
| Inception | 2016-12-08 | 2025-08-18 |
Returns
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
Trustmf 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 | Trustmf Arbitrage Fund -direct Plan-growth | |
|---|---|---|
| P/E Ratio | 14.0357 | 16.2213 |
| P/B Ratio | 6.656 | 6.656 |
| Dividend Yield | 1.1815% | 1.3462% |
| Active Share | - | - |
| Portfolio Turnover | 1261% | 1122% |
| YTM | 5.624% | - |
| Duration (Macaulay) | 0.23 yrs | - |
Punji Fund Health Score
Trustmf Arbitrage Fund - has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Baroda Bnp Paribas Arbitrage Fund- or Trustmf Arbitrage Fund -?
Baroda Bnp Paribas Arbitrage Fund-'s direct-plan expense ratio is 1.11 percentage points lower than Trustmf 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 Trustmf 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 Trustmf Arbitrage Fund -?
Baroda Bnp Paribas Arbitrage Fund- has ₹1,044 Cr in assets under management, versus ₹150 Cr for Trustmf 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 Trustmf Arbitrage Fund -?
Baroda Bnp Paribas Arbitrage Fund- launched on 2016-12-08, making it older than Trustmf Arbitrage Fund - (launched 2025-08-18). 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.