Invesco India Arbitrage Fund vs Tata Arbitrage Fund
Invesco India Arbitrage Fund (Direct) and Tata 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 19 Dec 2018 – 20 Aug 2026, limited by Tata Arbitrage Fund. Every series is rebased to ₹100 at the start of this window.
View as table
| Date | Invesco India Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| 19 Dec 2018 | ₹100.00 | ₹100.00 |
| 09 Aug 2019 | ₹104.40 | ₹104.92 |
| 30 Mar 2020 | ₹108.53 | ₹109.54 |
| 18 Nov 2020 | ₹111.47 | ₹112.89 |
| 10 Jul 2021 | ₹114.64 | ₹116.47 |
| 28 Feb 2022 | ₹117.93 | ₹119.75 |
| 20 Oct 2022 | ₹121.82 | ₹122.96 |
| 10 Jun 2023 | ₹127.83 | ₹128.72 |
| 29 Jan 2024 | ₹134.63 | ₹135.50 |
| 19 Sep 2024 | ₹141.60 | ₹142.55 |
| 10 May 2025 | ₹148.65 | ₹149.72 |
| 30 Dec 2025 | ₹154.85 | ₹156.03 |
| 20 Aug 2026 | ₹161.52 | ₹162.75 |
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 Tata Arbitrage Fund duplicate 64% of their equity book — holding both adds concentration, not diversification.
Shared holdings — Invesco India Arbitrage Fund vs Tata Arbitrage Fund
| Stock | Invesco India Arbitrage Fund | Tata Arbitrage Fund | |
|---|---|---|---|
| Reliance Industries Ltd | 5.19% | 3.80% | 3.80% |
| ICICI Bank Ltd | 4.45% | 2.65% | 2.65% |
| Vodafone Idea Ltd | 2.62% | 2.37% | 2.37% |
| HDFC Bank Ltd | 1.98% | 12.05% | 1.98% |
| TVS Motor Company Ltd | 1.89% | 1.98% | 1.89% |
| Bharti Airtel Ltd | 4.40% | 1.59% | 1.59% |
| Canara Bank | 2.95% | 1.50% | 1.50% |
| Bharat Electronics Ltd | 1.41% | 1.67% | 1.41% |
| Kotak Mahindra Bank Ltd | 1.40% | 1.62% | 1.40% |
| Bajaj Finance Ltd | 1.39% | 1.86% | 1.39% |
| Jio Financial Services Limited | 1.39% | 1.95% | 1.39% |
| Adani Power Ltd | 1.19% | 1.32% | 1.19% |
| State Bank of India | 1.17% | 1.61% | 1.17% |
| Hindalco Industries Ltd | 1.68% | 1.15% | 1.15% |
| Varun Beverages Ltd | 2.06% | 1.07% | 1.07% |
137 more stocks in common. 152 shared of 175 / 154 positions. Weights are shown as a share of each fund's equity book.
| Metric | Invesco · Direct NAV ₹37.14 Moderately High risk ★★★★★ | Tata · Direct NAV ₹16.27 Moderately High risk ★★★★☆ | Category median Arbitrage Fund · 40 funds |
|---|---|---|---|
| +6.70% | +6.71% | +6.54% | |
| +7.52% | +7.55% | +7.35% | |
| +6.97%Best in row | +6.78% | +6.66% | |
| +6.47% | — | +6.35% | |
| +6.95%Best in row | +6.56% | +6.68% | |
| +7.35% | +7.29% | — | |
| +6.67%Best in row | +6.37% | +6.53% | |
| +6.44% | +6.38% | +6.26% | |
| +6.58% | — | +6.52% | |
| Risk | |||
| 0.97% | 0.92% | 1.02% | |
| 1.06 | 1.14Best in row | 0.79 | |
| 1.64 | 1.79Best in row | 1.20 | |
| -0.52% | -0.57% | -0.57% | |
| 2.31% | 1.70%Best in row | 1.46% | |
| ₹27,818Cr | ₹22,684Cr | ₹1,250Cr | |
| 0.50% | 0.25% | — | |
| ₹500 | ₹150 | — | |
| ₹1.00K | ₹5.00K | — | |
| 455% | 1312% | 937% | |
| Deepak Gupta · 4.8y | Sailesh Jain · 7.7y | — | |
| 02 Jan 2013 | 19 Dec 2018 | — | |
| 175 | 154 | — | |
| 22.3% | 21.9% | — | |
| 77.4% | 68.8% | — | |
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
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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 Tata Arbitrage Fund?
Over the last 3 years, Tata Arbitrage Fund returned +7.55% CAGR against Invesco India Arbitrage Fund's +7.52%, computed from AMFI NAV history. Over 5 years: Invesco India Arbitrage Fund +6.97% vs Tata Arbitrage Fund +6.78% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Invesco India Arbitrage Fund or Tata Arbitrage Fund?
Tata Arbitrage Fund has the lower expense ratio: Invesco India Arbitrage Fund charges 2.31% a year against Tata Arbitrage Fund's 1.70%. 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 Tata Arbitrage Fund?
Invesco India Arbitrage Fund has shown higher volatility (+0.97% annualized vs Tata Arbitrage Fund's +0.92%), 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 Tata Arbitrage Fund -0.41%.
Which fund manages more money — Invesco India Arbitrage Fund or Tata Arbitrage Fund?
Invesco India Arbitrage Fund is the larger fund: Invesco India Arbitrage Fund manages ₹27,818Cr against Tata Arbitrage Fund's ₹22,684Cr 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 Tata 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.