Aditya Birla Sun Life Arbitrage Fund vs Kotak Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund (Direct) and Kotak 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 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 07 Jan 2013 – 20 Aug 2026, limited by Kotak Arbitrage Fund. Every series is rebased to ₹100 at the start of this window.
View as table
| Date | Aditya Birla Sun Life Arbitrage Fund | Kotak Arbitrage Fund |
|---|---|---|
| 07 Jan 2013 | ₹100.00 | ₹100.00 |
| 25 Feb 2014 | ₹111.07 | ₹111.16 |
| 16 Apr 2015 | ₹122.82 | ₹123.25 |
| 03 Jun 2016 | ₹132.70 | ₹133.38 |
| 23 Jul 2017 | ₹143.03 | ₹143.68 |
| 10 Sep 2018 | ₹153.56 | ₹154.49 |
| 30 Oct 2019 | ₹166.18 | ₹166.93 |
| 17 Dec 2020 | ₹175.02 | ₹176.11 |
| 04 Feb 2022 | ₹184.25 | ₹185.54 |
| 26 Mar 2023 | ₹195.47 | ₹197.40 |
| 13 May 2024 | ₹213.80 | ₹216.42 |
| 02 Jul 2025 | ₹233.22 | ₹236.03 |
| 20 Aug 2026 | ₹250.79 | ₹253.74 |
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 →
Aditya Birla Sun Life Arbitrage Fund and Kotak Arbitrage Fund duplicate 72% of their equity book — holding both adds concentration, not diversification.
Shared holdings — Aditya Birla Sun Life Arbitrage Fund vs Kotak Arbitrage Fund
| Stock | Aditya Birla Sun Life Arbitrage Fund | Kotak Arbitrage Fund | |
|---|---|---|---|
| ICICI Bank Ltd | 5.01% | 5.14% | 5.01% |
| HDFC Bank Ltd | 6.59% | 3.75% | 3.75% |
| Reliance Industries Ltd | 4.51% | 3.74% | 3.74% |
| Vodafone Idea Ltd | 3.37% | 2.57% | 2.57% |
| Axis Bank Ltd | 3.12% | 2.30% | 2.30% |
| Kotak Mahindra Bank Ltd | 2.05% | 2.02% | 2.02% |
| NTPC Ltd | 1.93% | 1.66% | 1.66% |
| Maruti Suzuki India Ltd | 1.98% | 1.54% | 1.54% |
| Zomato Ltd | 1.58% | 1.48% | 1.48% |
| Grasim Industries Ltd | 1.32% | 1.19% | 1.19% |
| JSW Steel Ltd | 1.32% | 1.17% | 1.17% |
| Hindalco Industries Ltd | 1.11% | 1.81% | 1.11% |
| Mahindra & Mahindra Ltd | 1.10% | 1.26% | 1.10% |
| Adani Enterprises Ltd | 1.05% | 1.06% | 1.05% |
| Jio Financial Services Limited | 1.30% | 1.04% | 1.04% |
148 more stocks in common. 163 shared of 173 / 176 positions. Weights are shown as a share of each fund's equity book.
| Metric | Aditya Birla Sun Life · Direct NAV ₹30.81 Moderately High risk ★★★☆☆ | Kotak Mahindra · Direct NAV ₹43.07 Moderately High risk ★★★★☆ | Category median Arbitrage Fund · 40 funds |
|---|---|---|---|
| +7.50% | +7.55% | +7.35% | |
| +6.73% | +6.86%Best in row | +6.66% | |
| +6.40% | +6.48% | +6.35% | |
| +6.98% | +7.08% | +6.68% | |
| +7.24% | +7.30% | — | |
| +6.61% | +6.74%Best in row | +6.53% | |
| +6.39% | +6.50%Best in row | +6.26% | |
| +6.52% | +6.64%Best in row | +6.52% | |
| Risk | |||
| 1.00 | 1.05Best in row | 0.79 | |
| 1.54 | 1.64Best in row | 1.20 | |
| -0.54% | -0.57% | -0.57% | |
| 1.26%Best in row | 2.40% | 1.46% | |
| ₹26,029Cr | ₹70,783Cr | ₹1,250Cr | |
| None | Up to 0.25% | — | |
| ₹1.00K | ₹100 | — | |
| 534% | 402% | 937% | |
| Mohit Sharma | Hiten Shah | — | |
| 02 Jan 2013 | 07 Jan 2013 | — | |
| 173 | 176 | — | |
| 23.9% | 19.7% | — | |
| 76.0% | 73.8% | — | |
9 rows carry the same value for every fund — show
- 1Y return (absolute)
- +6.64%
- Volatility
- 0.99%
- Benchmark
- —
- Alpha
- —
- Beta
- —
- Upside capture
- —
- Downside capture
- —
- Lock-in
- None
- Min SIP
- ₹100
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 — Aditya Birla Sun Life Arbitrage Fund or Kotak Arbitrage Fund?
Over the last 3 years, Kotak Arbitrage Fund returned +7.55% CAGR against Aditya Birla Sun Life Arbitrage Fund's +7.50%, computed from AMFI NAV history. Over 5 years: Aditya Birla Sun Life Arbitrage Fund +6.73% vs Kotak Arbitrage Fund +6.86% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Aditya Birla Sun Life Arbitrage Fund or Kotak Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund has the lower expense ratio: Aditya Birla Sun Life Arbitrage Fund charges 1.26% a year against Kotak Arbitrage Fund's 2.40%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Aditya Birla Sun Life Arbitrage Fund or Kotak Arbitrage Fund?
Kotak Arbitrage Fund has shown higher volatility (+0.99% annualized vs Aditya Birla Sun Life Arbitrage Fund's +0.99%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Aditya Birla Sun Life Arbitrage Fund -0.47% vs Kotak Arbitrage Fund -0.46%.
Which fund manages more money — Aditya Birla Sun Life Arbitrage Fund or Kotak Arbitrage Fund?
Kotak Arbitrage Fund is the larger fund: Aditya Birla Sun Life Arbitrage Fund manages ₹26,029Cr against Kotak Arbitrage Fund's ₹70,783Cr 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 Aditya Birla Sun Life Arbitrage Fund and Kotak 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.