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 05 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 19 Dec 2018 – 05 Oct 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 |
| 13 Aug 2019 | ₹104.52 | ₹105.04 |
| 07 Apr 2020 | ₹108.42 | ₹109.39 |
| 30 Nov 2020 | ₹111.51 | ₹113.04 |
| 25 Jul 2021 | ₹114.94 | ₹116.79 |
| 19 Mar 2022 | ₹117.96 | ₹119.74 |
| 12 Nov 2022 | ₹122.07 | ₹123.10 |
| 07 Jul 2023 | ₹128.53 | ₹129.47 |
| 29 Feb 2024 | ₹135.52 | ₹136.43 |
| 23 Oct 2024 | ₹142.63 | ₹143.58 |
| 18 Jun 2025 | ₹149.71 | ₹150.84 |
| 10 Feb 2026 | ₹156.19 | ₹157.33 |
| 05 Oct 2026 | ₹162.95 | ₹164.07 |
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 →
- 32 stocks only in Invesco India Arbitrage Fund
- 137 stocks in both — 68.4% of each portfolio by weight
- 2 stocks only in Tata Arbitrage Fund
The more the circles overlap, the more the funds hold the same stocks.
Invesco India Arbitrage Fund and Tata Arbitrage Fund duplicate 68% 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 | |
|---|---|---|---|
| HDFC Bank Limited | 7.74% | 11.82% | 7.74% |
| Axis Bank Limited | 4.46% | 4.30% | 4.30% |
| Reliance Industries Limited | 3.30% | 2.86% | 2.86% |
| Bharti Airtel Limited | 4.41% | 2.53% | 2.53% |
| Vodafone Idea Limited | 3.11% | 2.42% | 2.42% |
| Jio Financial Services Limited | 2.44% | 2.05% | 2.05% |
| Canara Bank | 2.32% | 1.74% | 1.74% |
| Adani Power Limited | 1.66% | 1.64% | 1.64% |
| State Bank of India | 1.59% | 1.96% | 1.59% |
| ICICI Bank Limited | 4.41% | 1.58% | 1.58% |
| Coal India Limited | 1.56% | 1.39% | 1.39% |
| Indus Towers Limited | 1.33% | 2.02% | 1.33% |
| Indian Oil Corporation Limited | 1.11% | 1.17% | 1.11% |
| IDFC First Bank Limited | 2.42% | 1.09% | 1.09% |
| Ambuja Cements Limited | 1.88% | 0.92% | 0.92% |
122 more stocks in common. 137 shared of 169 / 139 positions. Weights are shown as a share of each fund's equity book.
| Metric | Invesco · Direct NAV ₹37.47 Moderately High risk ★★★★★ | Tata · Direct NAV ₹16.40 Moderately High risk ★★★★☆ | Category median Arbitrage Fund · 40 funds |
|---|---|---|---|
| +6.92% | +6.84% | +6.69% | |
| +7.10%Best in row | +6.90% | +6.78% | |
| +6.47% | — | +6.34% | |
| +6.95% | +6.56% | +6.62% | |
| +7.35% | +7.28% | — | |
| +6.69%Best in row | +6.41% | +6.55% | |
| +6.46% | +6.41% | +6.26% | |
| +6.58% | — | +6.52% | |
| Risk | |||
| 1.07% | 1.00% | 1.13% | |
| 0.90 | 0.97Best in row | 0.68 | |
| 1.36 | 1.49Best in row | 1.03 | |
| -0.52% | -0.57% | -0.57% | |
| 2.20% | 1.57%Best in row | 1.44% | |
| ₹27,818Cr | ₹22,684Cr | ₹1,159Cr | |
| Up to 0.50% | 0.25% | — | |
| ₹500 | ₹150 | — | |
| ₹1.00K | ₹5.00K | — | |
| 1658% | 811% | 1007% | |
| Deepak Gupta · 4.9y | Sailesh Jain | — | |
| 02 Jan 2013 | 19 Dec 2018 | — | |
| 169 | 151 | — | |
| 28.4% | 22.4% | — | |
| — | 1.0% | — | |
7 rows carry the same value for every fund — show
- 3Y return (CAGR)
- +7.47%
- Benchmark
- —
- Alpha
- —
- Beta
- —
- Upside capture
- —
- Downside capture
- —
- 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 Tata Arbitrage Fund?
Over the last 3 years, Tata Arbitrage Fund returned +7.47% CAGR against Invesco India Arbitrage Fund's +7.47%, computed from AMFI NAV history. Over 5 years: Invesco India Arbitrage Fund +7.10% vs Tata Arbitrage Fund +6.90% 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 2.20% a year against Tata Arbitrage Fund's 1.57%. 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 (+1.07% annualized vs Tata Arbitrage Fund's +1.00%), 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.