Kotak Arbitrage Fund vs Tata Arbitrage Fund
Kotak 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 | Kotak Arbitrage Fund | Tata Arbitrage Fund |
|---|---|---|
| 19 Dec 2018 | ₹100.00 | ₹100.00 |
| 09 Aug 2019 | ₹104.58 | ₹104.92 |
| 30 Mar 2020 | ₹108.58 | ₹109.54 |
| 18 Nov 2020 | ₹111.44 | ₹112.89 |
| 10 Jul 2021 | ₹114.86 | ₹116.47 |
| 28 Feb 2022 | ₹118.27 | ₹119.75 |
| 20 Oct 2022 | ₹121.64 | ₹122.96 |
| 10 Jun 2023 | ₹127.40 | ₹128.72 |
| 29 Jan 2024 | ₹134.22 | ₹135.50 |
| 19 Sep 2024 | ₹141.28 | ₹142.55 |
| 10 May 2025 | ₹148.40 | ₹149.72 |
| 30 Dec 2025 | ₹154.37 | ₹156.03 |
| 20 Aug 2026 | ₹161.08 | ₹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 →
Kotak Arbitrage Fund and Tata Arbitrage Fund duplicate 68% of their equity book — holding both adds concentration, not diversification.
Shared holdings — Kotak Arbitrage Fund vs Tata Arbitrage Fund
| Stock | Kotak Arbitrage Fund | Tata Arbitrage Fund | |
|---|---|---|---|
| HDFC Bank Ltd | 3.75% | 12.05% | 3.75% |
| Reliance Industries Ltd | 3.74% | 3.80% | 3.74% |
| ICICI Bank Ltd | 5.14% | 2.65% | 2.65% |
| Vodafone Idea Ltd | 2.57% | 2.37% | 2.37% |
| Bajaj Finance Ltd | 2.51% | 1.86% | 1.86% |
| TVS Motor Company Ltd | 1.81% | 1.98% | 1.81% |
| Kotak Mahindra Bank Ltd | 2.02% | 1.62% | 1.62% |
| Hindustan Unilever Ltd | 1.60% | 1.58% | 1.58% |
| Zomato Ltd | 1.48% | 1.76% | 1.48% |
| Adani Power Ltd | 1.19% | 1.32% | 1.19% |
| JSW Steel Ltd | 1.17% | 2.08% | 1.17% |
| Hindalco Industries Ltd | 1.81% | 1.15% | 1.15% |
| Varun Beverages Ltd | 1.11% | 1.07% | 1.07% |
| Axis Bank Ltd | 2.30% | 1.04% | 1.04% |
| Jio Financial Services Limited | 1.04% | 1.95% | 1.04% |
129 more stocks in common. 144 shared of 176 / 154 positions. Weights are shown as a share of each fund's equity book.
| Metric | Kotak Mahindra · Direct NAV ₹43.07 Moderately High risk ★★★★☆ | Tata · Direct NAV ₹16.27 Moderately High risk ★★★★☆ | Category median Arbitrage Fund · 40 funds |
|---|---|---|---|
| +6.64% | +6.71% | +6.54% | |
| +6.86% | +6.78% | +6.66% | |
| +6.48% | — | +6.35% | |
| +7.08%Best in row | +6.56% | +6.68% | |
| +7.30% | +7.29% | — | |
| +6.74%Best in row | +6.37% | +6.53% | |
| +6.50%Best in row | +6.38% | +6.26% | |
| +6.64% | — | +6.52% | |
| Risk | |||
| 0.99% | 0.92% | 1.02% | |
| 1.05 | 1.14Best in row | 0.79 | |
| 1.64 | 1.79Best in row | 1.20 | |
| 2.40% | 1.70%Best in row | 1.46% | |
| ₹70,783Cr | ₹22,684Cr | ₹1,250Cr | |
| Up to 0.25% | 0.25% | — | |
| ₹100 | ₹150 | — | |
| ₹100 | ₹5.00K | — | |
| 402% | 1312% | 937% | |
| Hiten Shah | Sailesh Jain · 7.7y | — | |
| 07 Jan 2013 | 19 Dec 2018 | — | |
| 176 | 154 | — | |
| 19.7% | 21.9% | — | |
| 73.8% | 68.8% | — | |
8 rows carry the same value for every fund — show
- 3Y return (CAGR)
- +7.55%
- Max drawdown
- -0.57%
- 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 Tata Arbitrage Fund?
Over the last 3 years, Tata Arbitrage Fund returned +7.55% CAGR against Kotak Arbitrage Fund's +7.55%, computed from AMFI NAV history. Over 5 years: Kotak Arbitrage Fund +6.86% vs Tata Arbitrage Fund +6.78% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Kotak Arbitrage Fund or Tata Arbitrage Fund?
Tata Arbitrage Fund has the lower expense ratio: Kotak Arbitrage Fund charges 2.40% 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 — Kotak Arbitrage Fund or Tata Arbitrage Fund?
Kotak Arbitrage Fund has shown higher volatility (+0.99% 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: Kotak Arbitrage Fund -0.46% vs Tata Arbitrage Fund -0.41%.
Which fund manages more money — Kotak Arbitrage Fund or Tata Arbitrage Fund?
Kotak Arbitrage Fund is the larger fund: Kotak Arbitrage Fund manages ₹70,783Cr 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 Kotak 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.