COMPARE
Sundaram Arbitrage Fund (Formerly Known as Prinicpal Arbitrage Fund) - Direct Plan - Growth vs UTI Arbitrage Fund - Direct Plan - Growth Option
Sundaram Arbitrage Fund and UTI Arbitrage Fund are both in the Arbitrage Fund category, from Sundaram Asset Management Company Ltd and UTI Asset Mgmt. Co. Ltd. respectively. Sundaram Arbitrage Fund has posted a higher 3-year rolling CAGR. Sundaram Arbitrage Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Sundaram Arbitrage Fund has the lower direct-plan expense ratio, by 0.26 percentage points.
| Sundaram Arbitrage Fund (Formerly Known as Prinicpal Arbitrage Fund) - Direct Plan - Growth | UTI Arbitrage Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Arbitrage Fund | Arbitrage Fund |
| AMC | Sundaram Asset Management Company Ltd | UTI Asset Mgmt. Co. Ltd. |
| Benchmark | Nifty 50 Arbitrage | Nifty 50 Arbitrage |
| NAV | ₹16.5861 (2026-10-28) | ₹40.4988 (2026-10-28) |
| AUM | ₹571.26 Cr | ₹10,936.854 Cr |
| Expense Ratio (Direct) | 0.99% | 1.25% |
| Inception | 2016-03-28 | 2006-06-09 |
Returns
Sundaram Arbitrage Fund leads on 3-year rolling CAGR (7.3% vs UTI Arbitrage Fund's 6.6%) - 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
UTI Arbitrage Fund carries the higher portfolio YTM.
| Sundaram Arbitrage Fund (Formerly Known as Prinicpal Arbitrage Fund) - Direct Plan - Growth | UTI Arbitrage Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 21.4743 | 15.4524 |
| P/B Ratio | - | 7.8737 |
| Dividend Yield | 1.2745% | 1.4237% |
| Active Share | - | - |
| Portfolio Turnover | 924% | 1105% |
| YTM | 5.8714% | 6.89% |
| Duration (Macaulay) | 0.47 yrs | 0.48 yrs |
Punji Fund Health Score
Sundaram Arbitrage Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Sundaram Arbitrage Fund or UTI Arbitrage Fund?
Sundaram Arbitrage Fund's 3-year rolling CAGR of 7.3% is higher than UTI Arbitrage Fund's 6.6%. Sundaram Arbitrage Fund sits in the 92nd percentile of its category on this metric, versus the 50th percentile for UTI 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, Sundaram Arbitrage Fund or UTI Arbitrage Fund?
Sundaram Arbitrage Fund's direct-plan expense ratio is 0.26 percentage points lower than UTI 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 Sundaram Arbitrage Fund and UTI 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, Sundaram Arbitrage Fund or UTI Arbitrage Fund?
UTI Arbitrage Fund has ₹10,937 Cr in assets under management, versus ₹571 Cr for Sundaram 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 has a higher yield to maturity (YTM), Sundaram Arbitrage Fund or UTI Arbitrage Fund?
UTI Arbitrage Fund's portfolio YTM (6.89%) is higher than Sundaram Arbitrage Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which has longer duration (more interest-rate sensitivity), Sundaram Arbitrage Fund or UTI Arbitrage Fund?
UTI Arbitrage Fund has the longer Macaulay duration of the two, meaning its NAV is more sensitive to interest-rate changes - a longer-duration debt fund tends to gain more when rates fall and lose more when rates rise, compared to a shorter-duration fund. Duration is expressed in years but isn't literally about how long you hold the fund; it's a measure of price sensitivity to rate moves. If you expect rates to fall, the longer-duration fund benefits more; if you expect rates to rise or want to minimize that swing, the shorter-duration fund is the more conservative pick.
Which fund has a longer track record, Sundaram Arbitrage Fund or UTI Arbitrage Fund?
UTI Arbitrage Fund launched on 2006-06-09, making it older than Sundaram Arbitrage Fund (launched 2016-03-28). 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.