Invesco India Arbitrage Fund vs Mirae Asset Arbitrage Fund
Invesco India 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 | Invesco India Arbitrage Fund | Mirae Asset Arbitrage Fund |
|---|---|---|
| 22 Jun 2020 | ₹100.00 | ₹100.00 |
| 27 Dec 2020 | ₹101.78 | ₹101.88 |
| 03 Jul 2021 | ₹104.31 | ₹104.38 |
| 07 Jan 2022 | ₹106.28 | ₹106.43 |
| 14 Jul 2022 | ₹109.14 | ₹108.67 |
| 18 Jan 2023 | ₹112.79 | ₹111.85 |
| 26 Jul 2023 | ₹117.44 | ₹116.27 |
| 30 Jan 2024 | ₹122.51 | ₹121.31 |
| 05 Aug 2024 | ₹127.76 | ₹126.54 |
| 09 Feb 2025 | ₹132.70 | ₹131.41 |
| 16 Aug 2025 | ₹137.65 | ₹136.08 |
| 20 Feb 2026 | ₹142.38 | ₹140.77 |
| 27 Aug 2026 | ₹147.06 | ₹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 →
Invesco India Arbitrage Fund and Mirae Asset Arbitrage Fund duplicate 53% of their equity book — holding both adds concentration, not diversification.
Shared holdings — Invesco India Arbitrage Fund vs Mirae Asset Arbitrage Fund
| Stock | Invesco India Arbitrage Fund | Mirae Asset Arbitrage Fund | |
|---|---|---|---|
| ICICI Bank Ltd | 4.45% | 2.12% | 2.12% |
| Bharti Airtel Ltd | 4.40% | 1.84% | 1.84% |
| Titan Company Ltd | 1.33% | 1.12% | 1.12% |
| Axis Bank Ltd | 1.00% | 1.10% | 1.00% |
| Reliance Industries Ltd | 5.19% | 0.94% | 0.94% |
| Ashok Leyland Ltd | 0.92% | 1.20% | 0.92% |
| State Bank of India | 1.17% | 0.91% | 0.91% |
| Power Finance Corporation Ltd | 0.91% | 1.21% | 0.91% |
| Hindalco Industries Ltd | 1.68% | 0.87% | 0.87% |
| Godrej Properties Ltd | 0.99% | 0.82% | 0.82% |
| Hindustan Unilever Ltd | 0.89% | 0.82% | 0.82% |
| Info Edge (India) Ltd | 0.80% | 0.82% | 0.80% |
| Mahindra & Mahindra Ltd | 1.16% | 0.78% | 0.78% |
| IDFC First Bank Ltd | 1.57% | 0.76% | 0.76% |
| Interglobe Aviation Ltd | 0.75% | 1.14% | 0.75% |
140 more stocks in common. 155 shared of 175 / 166 positions. Weights are shown as a share of each fund's equity book.
| Metric | Invesco · Direct NAV ₹37.17 Moderately High risk ★★★★★ | Mirae Asset · Direct NAV ₹14.54 Moderately High risk ★★★☆☆ | Category median Arbitrage Fund · 40 funds |
|---|---|---|---|
| +6.63% | +6.54% | +6.38% | |
| +7.48% | +7.39% | +7.29% | |
| +6.98%Best in row | +6.69% | +6.66% | |
| +6.46% | — | +6.34% | |
| +6.94%Best in row | +6.23% | +6.59% | |
| +7.33%Best in row | +7.16% | — | |
| +6.67% | +6.79%Best in row | +6.54% | |
| +6.44% | +6.46% | +6.25% | |
| +6.58% | — | +6.51% | |
| Risk | |||
| 0.98% | 1.07% | 1.04% | |
| 1.00Best in row | 0.83 | 0.72 | |
| 1.53Best in row | 1.26 | 1.07 | |
| -0.52% | -0.44% | -0.57% | |
| 2.31%Best in row | 2.69% | 1.46% | |
| ₹27,818Cr | ₹3,657Cr | ₹1,159Cr | |
| 0.50% | 0.25% | — | |
| ₹500 | ₹99 | — | |
| ₹1.00K | ₹5.00K | — | |
| 455% | 1730% | 903% | |
| Deepak Gupta · 4.8y | Jigar Shethia · 6.2y | — | |
| 02 Jan 2013 | 22 Jun 2020 | — | |
| 175 | 166 | — | |
| 22.3% | 11.4% | — | |
| 77.4% | 86.7% | — | |
6 rows carry the same value for every fund — show
- Benchmark
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- Alpha
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- Beta
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- Upside capture
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- Downside capture
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- Lock-in
- None
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 — Invesco India Arbitrage Fund or Mirae Asset Arbitrage Fund?
Over the last 3 years, Invesco India Arbitrage Fund returned +7.48% CAGR against Mirae Asset Arbitrage Fund's +7.39%, computed from AMFI NAV history. Over 5 years: Invesco India Arbitrage Fund +6.98% vs Mirae Asset Arbitrage Fund +6.69% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Invesco India Arbitrage Fund or Mirae Asset Arbitrage Fund?
Invesco India Arbitrage Fund has the lower expense ratio: Invesco India Arbitrage Fund charges 2.31% 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 — Invesco India Arbitrage Fund or Mirae Asset Arbitrage Fund?
Mirae Asset Arbitrage Fund has shown higher volatility (+1.07% annualized vs Invesco India Arbitrage Fund's +0.98%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Invesco India Arbitrage Fund -0.40% vs Mirae Asset Arbitrage Fund -0.44%.
Which fund manages more money — Invesco India Arbitrage Fund or Mirae Asset Arbitrage Fund?
Invesco India Arbitrage Fund is the larger fund: Invesco India Arbitrage Fund manages ₹27,818Cr 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 Invesco India 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.