Kotak Arbitrage Fund vs Invesco India Arbitrage Fund
Kotak Arbitrage Fund (Direct) and Invesco India 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 | Kotak Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|
| 07 Jan 2013 | ₹100.00 | ₹100.00 |
| 25 Feb 2014 | ₹111.16 | ₹110.04 |
| 16 Apr 2015 | ₹123.25 | ₹121.46 |
| 03 Jun 2016 | ₹133.38 | ₹131.28 |
| 23 Jul 2017 | ₹143.68 | ₹141.20 |
| 10 Sep 2018 | ₹154.49 | ₹151.77 |
| 30 Oct 2019 | ₹166.93 | ₹163.73 |
| 17 Dec 2020 | ₹176.11 | ₹172.77 |
| 04 Feb 2022 | ₹185.54 | ₹181.52 |
| 26 Mar 2023 | ₹197.40 | ₹194.27 |
| 13 May 2024 | ₹216.42 | ₹212.72 |
| 02 Jul 2025 | ₹236.03 | ₹231.93 |
| 20 Aug 2026 | ₹253.74 | ₹249.62 |
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 →
Kotak Arbitrage Fund and Invesco India Arbitrage Fund duplicate 69% of their equity book — holding both adds concentration, not diversification.
Shared holdings — Kotak Arbitrage Fund vs Invesco India Arbitrage Fund
| Stock | Kotak Arbitrage Fund | Invesco India Arbitrage Fund | |
|---|---|---|---|
| ICICI Bank Ltd | 5.14% | 4.45% | 4.45% |
| Reliance Industries Ltd | 3.74% | 5.19% | 3.74% |
| Vodafone Idea Ltd | 2.57% | 2.62% | 2.57% |
| HDFC Bank Ltd | 3.75% | 1.98% | 1.98% |
| TVS Motor Company Ltd | 1.81% | 1.89% | 1.81% |
| Hindalco Industries Ltd | 1.81% | 1.68% | 1.68% |
| Kotak Mahindra Bank Ltd | 2.02% | 1.40% | 1.40% |
| Bajaj Finance Ltd | 2.51% | 1.39% | 1.39% |
| Adani Power Ltd | 1.19% | 1.19% | 1.19% |
| Mahindra & Mahindra Ltd | 1.26% | 1.16% | 1.16% |
| Yes Bank Ltd | 1.11% | 3.20% | 1.11% |
| Varun Beverages Ltd | 1.11% | 2.06% | 1.11% |
| Adani Enterprises Ltd | 1.06% | 1.81% | 1.06% |
| Jio Financial Services Limited | 1.04% | 1.39% | 1.04% |
| Canara Bank | 1.03% | 2.95% | 1.03% |
147 more stocks in common. 162 shared of 176 / 175 positions. Weights are shown as a share of each fund's equity book.
| Metric | Kotak Mahindra · Direct NAV ₹43.07 Moderately High risk ★★★★☆ | Invesco · Direct NAV ₹37.14 Moderately High risk ★★★★★ | Category median Arbitrage Fund · 40 funds |
|---|---|---|---|
| +6.64% | +6.70% | +6.54% | |
| +7.55% | +7.52% | +7.35% | |
| +6.86% | +6.97%Best in row | +6.66% | |
| +6.48% | +6.47% | +6.35% | |
| +7.08%Best in row | +6.95% | +6.68% | |
| +7.30% | +7.35% | — | |
| +6.74% | +6.67% | +6.53% | |
| +6.50% | +6.44% | +6.26% | |
| +6.64% | +6.58% | +6.52% | |
| Risk | |||
| 0.99% | 0.97% | 1.02% | |
| 1.05 | 1.06 | 0.79 | |
| -0.57% | -0.52% | -0.57% | |
| 2.40% | 2.31%Best in row | 1.46% | |
| ₹70,783Cr | ₹27,818Cr | ₹1,250Cr | |
| Up to 0.25% | 0.50% | — | |
| ₹100 | ₹500 | — | |
| ₹100 | ₹1.00K | — | |
| 402% | 455% | 937% | |
| Hiten Shah | Deepak Gupta · 4.8y | — | |
| 07 Jan 2013 | 02 Jan 2013 | — | |
| 176 | 175 | — | |
| 19.7% | 22.3% | — | |
| 73.8% | 77.4% | — | |
7 rows carry the same value for every fund — show
- Sortino
- 1.64
- 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 — Kotak Arbitrage Fund or Invesco India Arbitrage Fund?
Over the last 3 years, Kotak Arbitrage Fund returned +7.55% CAGR against Invesco India Arbitrage Fund's +7.52%, computed from AMFI NAV history. Over 5 years: Kotak Arbitrage Fund +6.86% vs Invesco India Arbitrage Fund +6.97% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Kotak Arbitrage Fund or Invesco India Arbitrage Fund?
Invesco India Arbitrage Fund has the lower expense ratio: Kotak Arbitrage Fund charges 2.40% a year against Invesco India Arbitrage Fund's 2.31%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Kotak Arbitrage Fund or Invesco India Arbitrage Fund?
Kotak Arbitrage Fund has shown higher volatility (+0.99% annualized vs Invesco India Arbitrage Fund's +0.97%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Kotak Arbitrage Fund -0.46% vs Invesco India Arbitrage Fund -0.40%.
Which fund manages more money — Kotak Arbitrage Fund or Invesco India Arbitrage Fund?
Kotak Arbitrage Fund is the larger fund: Kotak Arbitrage Fund manages ₹70,783Cr against Invesco India Arbitrage Fund's ₹27,818Cr 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 Kotak Arbitrage Fund and Invesco India 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.