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 01 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 19 Dec 2018 – 01 Oct 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 |
| 13 Aug 2019 | ₹104.70 | ₹105.04 |
| 06 Apr 2020 | ₹108.73 | ₹109.66 |
| 29 Nov 2020 | ₹111.55 | ₹113.04 |
| 24 Jul 2021 | ₹115.17 | ₹116.79 |
| 18 Mar 2022 | ₹118.29 | ₹119.74 |
| 10 Nov 2022 | ₹121.75 | ₹123.11 |
| 04 Jul 2023 | ₹128.08 | ₹129.41 |
| 26 Feb 2024 | ₹135.07 | ₹136.33 |
| 20 Oct 2024 | ₹142.02 | ₹143.33 |
| 14 Jun 2025 | ₹149.45 | ₹150.81 |
| 06 Feb 2026 | ₹155.71 | ₹157.31 |
| 01 Oct 2026 | ₹162.19 | ₹163.85 |
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 →
- 40 stocks only in Kotak Arbitrage Fund
- 134 stocks in both — 66.2% of each portfolio by weight
- 5 stocks only in Tata Arbitrage Fund
The more the circles overlap, the more the funds hold the same stocks.
Kotak Arbitrage Fund and Tata Arbitrage Fund duplicate 66% 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 | |
|---|---|---|---|
| AXIS BANK LTD. | 4.73% | 4.30% | 4.30% |
| HDFC BANK LTD. | 3.84% | 11.82% | 3.84% |
| RELIANCE INDUSTRIES LTD. | 2.68% | 2.86% | 2.68% |
| Vodafone Idea Ltd | 2.24% | 2.42% | 2.24% |
| BHARTI AIRTEL LTD. | 2.17% | 2.53% | 2.17% |
| STATE BANK OF INDIA. | 2.03% | 1.96% | 1.96% |
| Hindalco Industries Ltd. | 1.74% | 1.74% | 1.74% |
| ADANI POWER LTD | 1.74% | 1.64% | 1.64% |
| ICICI BANK LTD. | 3.33% | 1.58% | 1.58% |
| Coal India Limited | 1.90% | 1.39% | 1.39% |
| KOTAK MAHINDRA BANK LTD. | 1.24% | 1.53% | 1.24% |
| Adani Green Energy Ltd. | 1.19% | 1.35% | 1.19% |
| NTPC LTD | 1.59% | 1.12% | 1.12% |
| INDIAN OIL CORPORATION LTD. | 1.10% | 1.17% | 1.10% |
| Indus Towers Ltd. | 1.08% | 2.02% | 1.08% |
119 more stocks in common. 134 shared of 174 / 139 positions. Weights are shown as a share of each fund's equity book.
| Metric | Kotak Mahindra · Direct NAV ₹43.37 Moderately High risk ★★★☆☆ | Tata · Direct NAV ₹16.38 Moderately High risk ★★★★☆ | Category median Arbitrage Fund · 40 funds |
|---|---|---|---|
| +6.75% | +6.77% | +6.60% | |
| +7.45% | +7.47% | +7.26% | |
| +6.95% | +6.86% | +6.74% | |
| +6.46% | — | +6.33% | |
| +7.07% | +6.55% | +6.60% | |
| +7.27% | +7.26% | — | |
| +6.73%Best in row | +6.40% | +6.55% | |
| +6.50%Best in row | +6.39% | +6.25% | |
| +6.63% | — | +6.51% | |
| Risk | |||
| 1.08% | 1.00% | 1.13% | |
| 0.88 | 0.96Best in row | 0.66 | |
| 1.33 | 1.48Best in row | 1.01 | |
| 2.32% | 1.57%Best in row | 1.44% | |
| ₹70,783Cr | ₹22,684Cr | ₹1,159Cr | |
| Up to 0.25% | 0.25% | — | |
| ₹100 | ₹150 | — | |
| ₹100 | ₹5.00K | — | |
| 1701% | 811% | 1007% | |
| Hiten Shah | Sailesh Jain | — | |
| 07 Jan 2013 | 19 Dec 2018 | — | |
| 174 | 151 | — | |
| 20.1% | 22.4% | — | |
| 0.7% | 1.0% | — | |
7 rows carry the same value for every fund — show
- 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 +7.47% CAGR against Kotak Arbitrage Fund's +7.45%, computed from AMFI NAV history. Over 5 years: Kotak Arbitrage Fund +6.95% vs Tata Arbitrage Fund +6.86% 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 2.32% 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 — Kotak Arbitrage Fund or Tata Arbitrage Fund?
Kotak Arbitrage Fund has shown higher volatility (+1.08% 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: 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.