Compare
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 21 Aug 2014 – 20 Aug 2026, limited by Axis Arbitrage Fund. Every series is rebased to ₹100 at the start of this window.
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| Date | Axis Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| 21 Aug 2014 | ₹100.00 | ₹100.00 | ₹100.00 | ₹100.00 |
| 21 Aug 2015 | ₹107.98 | ₹108.04 | ₹107.96 | ₹108.07 |
| 20 Aug 2016 | ₹114.48 | ₹115.04 | ₹114.79 | ₹114.93 |
| 21 Aug 2017 | ₹121.66 | ₹122.17 | ₹121.66 | ₹121.72 |
| 21 Aug 2018 | ₹128.57 | ₹129.40 | ₹128.77 | ₹128.82 |
| 21 Aug 2019 | ₹136.90 | ₹138.18 | ₹137.52 | ₹136.85 |
| 20 Aug 2020 | ₹143.43 | ₹144.77 | ₹144.21 | ₹143.57 |
| 20 Aug 2021 | ₹148.66 | ₹150.77 | ₹150.12 | ₹148.89 |
| 20 Aug 2022 | ₹154.15 | ₹156.22 | ₹154.94 | ₹154.60 |
| 21 Aug 2023 | ₹163.67 | ₹166.81 | ₹164.91 | ₹165.40 |
| 20 Aug 2024 | ₹176.26 | ₹180.11 | ₹177.78 | ₹178.20 |
| 20 Aug 2025 | ₹188.01 | ₹192.40 | ₹190.02 | ₹190.26 |
| 20 Aug 2026 | ₹199.02 | ₹203.93 | ₹201.38 | ₹201.67 |
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 →
| Overlap | Axis Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| Axis Arbitrage Fund | ||||
| Kotak Arbitrage Fund | ||||
| UTI - Arbitrage Fund | ||||
| Invesco India Arbitrage Fund |
Axis Arbitrage Fund and UTI - Arbitrage Fund duplicate 71% of their equity book — holding both adds concentration, not diversification.
Shared holdings — Axis Arbitrage Fund vs UTI - Arbitrage Fund
| Stock | Axis Arbitrage Fund | UTI - Arbitrage Fund | |
|---|---|---|---|
| HDFC Bank Ltd | 5.57% | 7.06% | 5.57% |
| Reliance Industries Ltd | 4.50% | 4.82% | 4.50% |
| ICICI Bank Ltd | 3.82% | 4.65% | 3.82% |
| Zomato Ltd | 2.96% | 3.68% | 2.96% |
| Bharat Heavy Electricals Ltd | 3.41% | 1.99% | 1.99% |
| Kotak Mahindra Bank Ltd | 1.99% | 3.39% | 1.99% |
| Vodafone Idea Ltd | 1.88% | 2.18% | 1.88% |
| State Bank of India | 1.81% | 3.84% | 1.81% |
| Bharti Airtel Ltd | 1.80% | 3.51% | 1.80% |
| Cholamandalam Investment & Finance Company Ltd | 2.01% | 1.64% | 1.64% |
| Steel Authority Of India Ltd | 1.45% | 2.97% | 1.45% |
| NMDC Ltd | 1.35% | 2.08% | 1.35% |
| Jio Financial Services Limited | 1.35% | 1.40% | 1.35% |
| Glenmark Pharmaceuticals Ltd | 1.35% | 2.03% | 1.35% |
| ITC Ltd | 1.34% | 1.94% | 1.34% |
127 more stocks in common. 142 shared of 156 / 153 positions. Weights are shown as a share of each fund's equity book.
| Metric | Axis · Regular NAV ₹19.94 Moderately High risk ★★★☆☆ | Kotak Mahindra · Regular NAV ₹40.03 Moderately High risk ★★★★☆ | UTI · Regular NAV ₹37.43 Moderately High risk ★★★★★ | Invesco · Regular NAV ₹34.09 Moderately High risk ★★★★☆ | Category median Arbitrage Fund · 38 funds |
|---|---|---|---|---|---|
| +5.86% | +5.99% | +5.98% | +6.00% | +5.88% | |
| +6.71% | +6.91% | +6.87% | +6.81% | +6.63% | |
| +6.01% | +6.23% | +6.05% | +6.26% | +5.94% | |
| +5.69% | +5.89%Best in row | +5.78% | +5.78% | +5.73% | |
| +5.90% | +6.77% | +6.77% | +6.56% | +6.12% | |
| +6.43% | +6.66% | +6.57% | +6.63% | — | |
| +5.64% | +6.74%Best in row | +6.63% | +6.45% | +6.34% | |
| +5.42% | +6.74%Best in row | +6.57% | +6.45% | +5.69% | |
| +5.73% | +6.73%Best in row | +6.60% | +6.45% | +6.35% | |
| Risk | |||||
| 0.94% | 0.99% | 0.95% | 0.97% | 1.02% | |
| 0.22 | 0.41 | 0.39 | 0.32 | 0.08 | |
| 0.33 | 0.62 | 0.58 | 0.47 | 0.12 | |
| -0.66% | -0.58% | -0.71% | -0.53% | -0.59% | |
| 2.15% | 2.98% | 1.85%Best in row | 2.97% | 2.10% | |
| ₹9,735Cr | ₹70,783Cr | ₹10,939Cr | ₹27,818Cr | ₹1,263Cr | |
| Up to 0.25% | Up to 0.25% | Up to 0.25% | 0.50% | — | |
| ₹100 | ₹100 | ₹500 | ₹500 | — | |
| ₹500 | ₹100 | ₹5.00K | ₹1.00K | — | |
| 571% | 402% | 1105% | 455% | 922% | |
| Karthik Kumar | Hiten Shah | Sharwan Kumar Goyal | Deepak Gupta · 4.8y | — | |
| 21 Aug 2014 | 18 Jun 2007 | 06 Jul 2006 | 03 May 2007 | — | |
| 156 | 176 | 153 | 175 | — | |
| 22.3% | 19.7% | 27.1% | 22.3% | — | |
| 68.1% | 73.8% | 71.7% | 77.4% | — | |
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.