Compare
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 27 Feb 2019 – 20 Aug 2026, limited by Union Arbitrage Fund. Every series is rebased to ₹100 at the start of this window.
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| Date | Union Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| 27 Feb 2019 | ₹100.00 | ₹100.00 | ₹100.00 | ₹100.00 |
| 13 Oct 2019 | ₹103.97 | ₹104.08 | ₹104.15 | ₹104.07 |
| 27 May 2020 | ₹107.95 | ₹107.73 | ₹107.77 | ₹107.63 |
| 10 Jan 2021 | ₹109.72 | ₹109.72 | ₹109.81 | ₹109.48 |
| 25 Aug 2021 | ₹112.39 | ₹112.64 | ₹112.72 | ₹112.13 |
| 10 Apr 2022 | ₹114.48 | ₹115.04 | ₹114.87 | ₹114.60 |
| 24 Nov 2022 | ₹116.98 | ₹118.16 | ₹117.66 | ₹118.11 |
| 09 Jul 2023 | ₹121.98 | ₹123.55 | ₹122.83 | ₹123.48 |
| 22 Feb 2024 | ₹127.80 | ₹129.64 | ₹128.70 | ₹129.46 |
| 06 Oct 2024 | ₹133.48 | ₹135.65 | ₹134.61 | ₹135.35 |
| 22 May 2025 | ₹139.10 | ₹141.68 | ₹140.64 | ₹141.22 |
| 04 Jan 2026 | ₹143.91 | ₹146.81 | ₹145.87 | ₹146.47 |
| 20 Aug 2026 | ₹149.31 | ₹152.43 | ₹151.31 | ₹151.98 |
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 | Union Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| Union 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 | Union · Regular NAV ₹14.96 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 |
|---|---|---|---|---|---|
| +5.84% | +5.99% | +5.98% | +6.00% | +5.88% | |
| +6.63% | +6.91% | +6.87% | +6.81% | +6.63% | |
| +5.84% | +6.23% | +6.05% | +6.26% | +5.94% | |
| — | +5.89%Best in row | +5.78% | +5.78% | +5.73% | |
| +5.51% | +6.77% | +6.77% | +6.56% | +6.12% | |
| +6.35% | +6.66% | +6.57% | +6.63% | — | |
| +5.40% | +6.74%Best in row | +6.63% | +6.45% | +6.34% | |
| +5.40% | +6.74%Best in row | +6.57% | +6.45% | +5.69% | |
| — | +6.73%Best in row | +6.60% | +6.45% | +6.35% | |
| Risk | |||||
| 1.04% | 0.99% | 0.95% | 0.97% | 1.02% | |
| 0.13 | 0.41 | 0.39 | 0.32 | 0.08 | |
| 0.19 | 0.62 | 0.58 | 0.47 | 0.12 | |
| -0.59% | -0.58% | -0.71% | -0.53% | -0.59% | |
| 2.14% | 2.98% | 1.85%Best in row | 2.97% | 2.10% | |
| ₹243.13Cr | ₹70,783Cr | ₹10,939Cr | ₹27,818Cr | ₹1,263Cr | |
| Up to 0.25% | Up to 0.25% | Up to 0.25% | 0.50% | — | |
| ₹500 | ₹100 | ₹500 | ₹500 | — | |
| ₹1.00K | ₹100 | ₹5.00K | ₹1.00K | — | |
| 1428% | 402% | 1105% | 455% | 922% | |
| Devesh Thacker | Hiten Shah | Sharwan Kumar Goyal | Deepak Gupta · 4.8y | — | |
| 27 Feb 2019 | 18 Jun 2007 | 06 Jul 2006 | 03 May 2007 | — | |
| 76 | 176 | 153 | 175 | — | |
| 23.8% | 19.7% | 27.1% | 22.3% | — | |
| 77.8% | 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.