Compare
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 28 Jan 2019 – 20 Aug 2026, limited by LIC MF Arbitrage Fund. Every series is rebased to ₹100 at the start of this window.
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| Date | LIC MF Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| 28 Jan 2019 | ₹100.00 | ₹100.00 | ₹100.00 | ₹100.00 |
| 15 Sep 2019 | ₹103.57 | ₹104.00 | ₹104.08 | ₹103.86 |
| 02 May 2020 | ₹107.22 | ₹107.83 | ₹107.87 | ₹107.65 |
| 18 Dec 2020 | ₹108.63 | ₹109.95 | ₹110.07 | ₹109.75 |
| 05 Aug 2021 | ₹111.02 | ₹112.96 | ₹113.06 | ₹112.47 |
| 23 Mar 2022 | ₹113.31 | ₹115.49 | ₹115.37 | ₹114.87 |
| 09 Nov 2022 | ₹115.77 | ₹118.41 | ₹117.94 | ₹118.31 |
| 27 Jun 2023 | ₹120.64 | ₹123.92 | ₹123.20 | ₹123.83 |
| 12 Feb 2024 | ₹126.01 | ₹130.03 | ₹129.14 | ₹129.85 |
| 29 Sep 2024 | ₹131.27 | ₹135.98 | ₹134.98 | ₹135.65 |
| 17 May 2025 | ₹136.99 | ₹142.23 | ₹141.19 | ₹141.71 |
| 02 Jan 2026 | ₹141.76 | ₹147.53 | ₹146.61 | ₹147.14 |
| 20 Aug 2026 | ₹147.15 | ₹153.17 | ₹152.07 | ₹152.67 |
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 | LIC MF Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| LIC MF Arbitrage Fund | ||||
| Kotak Arbitrage Fund | ||||
| UTI - Arbitrage Fund | ||||
| Invesco India Arbitrage Fund |
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 | LIC · Regular NAV ₹14.74 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 |
|---|---|---|---|---|---|
| +5.89% | +5.99% | +5.98% | +6.00% | +5.88% | |
| +6.46% | +6.91% | +6.87% | +6.81% | +6.63% | |
| +5.75% | +6.23% | +6.05% | +6.26% | +5.94% | |
| — | +5.89%Best in row | +5.78% | +5.78% | +5.73% | |
| +5.24% | +6.77% | +6.77% | +6.56% | +6.12% | |
| +6.24% | +6.66% | +6.57% | +6.63% | — | |
| +5.15% | +6.74%Best in row | +6.63% | +6.45% | +6.34% | |
| +5.14% | +6.74%Best in row | +6.57% | +6.45% | +5.69% | |
| — | +6.73%Best in row | +6.60% | +6.45% | +6.35% | |
| Risk | |||||
| 0.95% | 0.99% | 0.95% | 0.97% | 1.02% | |
| -0.04 | 0.41 | 0.39 | 0.32 | 0.08 | |
| -0.06 | 0.62 | 0.58 | 0.47 | 0.12 | |
| -0.66% | -0.58% | -0.71% | -0.53% | -0.59% | |
| 1.75%Best in row | 2.98% | 1.85% | 2.97% | 2.10% | |
| ₹249.64Cr | ₹70,783Cr | ₹10,939Cr | ₹27,818Cr | ₹1,263Cr | |
| 0.25% | Up to 0.25% | Up to 0.25% | 0.50% | — | |
| ₹200 | ₹100 | ₹500 | ₹500 | — | |
| ₹5.00K | ₹100 | ₹5.00K | ₹1.00K | — | |
| 255% | 402% | 1105% | 455% | 922% | |
| Sumit Bhatnagar | Hiten Shah | Sharwan Kumar Goyal | Deepak Gupta · 4.8y | — | |
| 28 Jan 2019 | 18 Jun 2007 | 06 Jul 2006 | 03 May 2007 | — | |
| 35 | 176 | 153 | 175 | — | |
| 48.8% | 19.7% | 27.1% | 22.3% | — | |
| 69.2% | 73.8% | 71.7% | 77.4% | — | |
6 rows carry the same value for every fund — show
- Benchmark
- —
- Alpha
- —
- Beta
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- Upside capture
- —
- Downside capture
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- 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.