Compare
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 28 Nov 2022 – 20 Aug 2026, limited by HSBC Arbitrage Fund. Every series is rebased to ₹100 at the start of this window.
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| Date | HSBC Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| 28 Nov 2022 | ₹100.00 | ₹100.00 | ₹100.00 | ₹100.00 |
| 21 Mar 2023 | ₹102.04 | ₹102.13 | ₹102.04 | ₹102.18 |
| 13 Jul 2023 | ₹104.51 | ₹104.73 | ₹104.56 | ₹104.75 |
| 03 Nov 2023 | ₹106.85 | ₹107.18 | ₹106.93 | ₹107.14 |
| 25 Feb 2024 | ₹109.32 | ₹109.78 | ₹109.43 | ₹109.69 |
| 17 Jun 2024 | ₹111.81 | ₹112.54 | ₹112.14 | ₹112.33 |
| 09 Oct 2024 | ₹114.13 | ₹114.91 | ₹114.51 | ₹114.71 |
| 30 Jan 2025 | ₹116.37 | ₹117.36 | ₹116.94 | ₹117.11 |
| 23 May 2025 | ₹118.79 | ₹119.93 | ₹119.52 | ₹119.60 |
| 14 Sep 2025 | ₹120.80 | ₹122.00 | ₹121.63 | ₹121.71 |
| 05 Jan 2026 | ₹123.10 | ₹124.32 | ₹124.04 | ₹124.10 |
| 29 Apr 2026 | ₹125.45 | ₹126.68 | ₹126.31 | ₹126.40 |
| 20 Aug 2026 | ₹127.64 | ₹128.96 | ₹128.54 | ₹128.64 |
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 | HSBC Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| HSBC 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 | HSBC · Regular NAV ₹20.26 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 |
|---|---|---|---|---|---|
| +5.96% | +5.99% | +5.98% | +6.00% | +5.88% | |
| +6.63% | +6.91% | +6.87% | +6.81% | +6.63% | |
| — | +6.23% | +6.05% | +6.26% | +5.94% | |
| — | +5.89%Best in row | +5.78% | +5.78% | +5.73% | |
| +6.77% | +6.77% | +6.77% | +6.56% | +6.12% | |
| +6.45% | +6.66% | +6.57% | +6.63% | — | |
| +6.78% | +6.74% | +6.63% | +6.45% | +6.34% | |
| — | +6.74%Best in row | +6.57% | +6.45% | +5.69% | |
| — | +6.73%Best in row | +6.60% | +6.45% | +6.35% | |
| Risk | |||||
| 0.98% | 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 | |
| -0.33%Best in row | -0.58% | -0.71% | -0.53% | -0.59% | |
| 2.09% | 2.98% | 1.85%Best in row | 2.97% | 2.10% | |
| ₹2,652Cr | ₹70,783Cr | ₹10,939Cr | ₹27,818Cr | ₹1,263Cr | |
| 0.25% | Up to 0.25% | Up to 0.25% | 0.50% | — | |
| ₹500 | ₹100 | ₹500 | ₹500 | — | |
| ₹5.00K | ₹100 | ₹5.00K | ₹1.00K | — | |
| 1424% | 402% | 1105% | 455% | 922% | |
| Praveen Ayathan | Hiten Shah | Sharwan Kumar Goyal | Deepak Gupta · 4.8y | — | |
| 28 Nov 2022 | 18 Jun 2007 | 06 Jul 2006 | 03 May 2007 | — | |
| 131 | 176 | 153 | 175 | — | |
| 29.4% | 19.7% | 27.1% | 22.3% | — | |
| 69.4% | 73.8% | 71.7% | 77.4% | — | |
6 rows carry the same value for every fund — show
- Benchmark
- —
- Alpha
- —
- Beta
- —
- 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.