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NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 03 Nov 2023 – 20 Aug 2026, limited by Parag Parikh Arbitrage Fund. Every series is rebased to ₹100 at the start of this window.
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| Date | Parag Parikh Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| 03 Nov 2023 | ₹100.00 | ₹100.00 | ₹100.00 | ₹100.00 |
| 27 Jan 2024 | ₹101.63 | ₹101.76 | ₹101.69 | ₹101.75 |
| 21 Apr 2024 | ₹103.53 | ₹103.80 | ₹103.70 | ₹103.66 |
| 15 Jul 2024 | ₹105.13 | ₹105.50 | ₹105.37 | ₹105.34 |
| 08 Oct 2024 | ₹106.71 | ₹107.11 | ₹106.99 | ₹106.97 |
| 01 Jan 2025 | ₹108.44 | ₹108.92 | ₹108.80 | ₹108.72 |
| 28 Mar 2025 | ₹110.23 | ₹110.85 | ₹110.71 | ₹110.63 |
| 21 Jun 2025 | ₹111.87 | ₹112.54 | ₹112.43 | ₹112.24 |
| 14 Sep 2025 | ₹113.15 | ₹113.83 | ₹113.76 | ₹113.60 |
| 08 Dec 2025 | ₹114.76 | ₹115.46 | ₹115.43 | ₹115.25 |
| 03 Mar 2026 | ₹116.39 | ₹117.10 | ₹117.09 | ₹116.90 |
| 27 May 2026 | ₹117.74 | ₹118.39 | ₹118.29 | ₹118.19 |
| 20 Aug 2026 | ₹119.53 | ₹120.32 | ₹120.22 | ₹120.07 |
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 | Parag Parikh Arbitrage Fund | Kotak Arbitrage Fund | UTI - Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|---|---|
| Parag Parikh 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 | PPFAS · Regular NAV ₹11.97 Moderately High risk ★★★★☆ 1Y | 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 |
|---|---|---|---|---|---|
| +5.93% | +5.99% | +5.98% | +6.00% | +5.88% | |
| — | +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% | |
| +6.59% | +6.77% | +6.77% | +6.56% | +6.12% | |
| +6.25% | +6.66% | +6.57% | +6.63% | — | |
| — | +6.74%Best in row | +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 | |||||
| 1.02% | 0.99% | 0.95% | 0.97% | 1.02% | |
| -0.56 | 0.41 | 0.39 | 0.32 | 0.08 | |
| -0.83 | 0.62 | 0.58 | 0.47 | 0.12 | |
| -0.58% | -0.58% | -0.71% | -0.53% | -0.59% | |
| 1.40%Best in row | 2.98% | 1.85% | 2.97% | 2.10% | |
| ₹2,418Cr | ₹70,783Cr | ₹10,939Cr | ₹27,818Cr | ₹1,263Cr | |
| 0.25% | Up to 0.25% | Up to 0.25% | 0.50% | — | |
| ₹1.00K | ₹100 | ₹500 | ₹500 | — | |
| ₹1.00K | ₹100 | ₹5.00K | ₹1.00K | — | |
| — | 402% | 1105% | 455% | 922% | |
| Raj Mehta | Hiten Shah | Sharwan Kumar Goyal | Deepak Gupta · 4.8y | — | |
| 03 Nov 2023 | 18 Jun 2007 | 06 Jul 2006 | 03 May 2007 | — | |
| 73 | 176 | 153 | 175 | — | |
| 40.6% | 19.7% | 27.1% | 22.3% | — | |
| 76.1% | 73.8% | 71.7% | 77.4% | — | |
6 rows carry the same value for every fund — show
- 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.