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Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment

Q: What is the NAV of Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

As of 20 Aug 2026, the NAV of Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment is ₹11.24 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What are the top holdings of Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

Its largest holdings are Kotak Money Market Fund Direct-Growth (10.0%), Kotak Treasury Advantage Fund Direct-Growth (4.7%), ICICI Bank Ltd (3.7%), Kotak Low Duration Fund Direct-Growth (2.9%) and Kotak Liquid Plan A Direct - Growth (2.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.4% and its worst peak-to-trough fall in our sample was -2.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -2.74 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment's -2.74 means it has not compensated investors for its volatility over the window. Higher is better.

Kotak Mahindra Mutual Fund · Best Arbitrage Mutual Funds

NAV

₹11.24

-0.09% 1D

as of 20 Aug 2026

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This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

NAV history

+0.15%CAGR

52-week rangePrev NAV ₹11.25

Latest ₹11.24

Low ₹11.1580th percentile of its 52-week rangeHigh ₹11.27

Scorecard

★☆☆☆☆1/5 vs 41 of 49 Arbitrage Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Arbitrage Fund (same plan and option). 41 of the 49 Arbitrage Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR -0.05% · ranks 38 of 49 Arbitrage Funds

RiskHigh

Volatility 2.4% vs 2.2% category avg

CostHigh

2.4% expense vs 1.5% category avg

ConsistencyHigh

91% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 91% of rolling 3-year windows

Concerns

Trails the Arbitrage Fund average on 3M/6M/1Y — 1Y by 4.09pp
3-year return (-0.05%) trails the Arbitrage Fund average (+4.70%)
5-year return (+0.02%) trails the Arbitrage Fund average (+4.86%)
More volatile than its Arbitrage Fund peers (2.4% vs 2.2%)
High expense ratio (2.38%) vs the Arbitrage Fund average of 1.52%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.52%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category 17.24

Excess return per unit of total volatility (rf = 6.5%)

-2.74

Category -0.27▼2.47

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

04 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.10%

Absolute return over the last 3 months (not annualized)

+0.30%

Absolute return over the last 6 months (not annualized)

-0.03%

Absolute return since 1 Jan of this year (not annualized)

+0.30%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+0.09%

3-year annualized return (CAGR)

-0.05%

5-year annualized return (CAGR)

+0.02%

10-year annualized return (CAGR)

+0.28%

Annualized return (CAGR) since the fund's inception

+0.37%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.39%

Excess return per unit of total volatility (rf = 6.5%)

-2.74

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-2.85

Largest peak-to-trough decline over full history

-2.19%

Benchmark ratios

Not shown for Arbitrage Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Arbitrage Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.10%	+0.36%	-0.26%
3M abs	+0.30%	+1.13%	-0.83%
6M abs	-0.03%	+1.64%	-1.67%
1Y CAGR	+0.09%	+4.18%	-4.09%
3Y CAGR	-0.05%	+4.70%	-4.75%
5Y CAGR	+0.02%	+4.86%	-4.84%

Category average across peers in Arbitrage Fund (up to 49 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 49 peers in Arbitrage Fund

1Y return

+0.09%

Beats 13.6% · rank #39

3Y return

-0.05%

Beats 7.5% · rank #38

5Y return

+0.02%

Beats 2.9% · rank #34

Sharpe

-2.74

Beats 2.3% · rank #44

Sortino

-2.85

Beats 4.5% · rank #43

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+0.3%

Median

+0.2%

Best

+1.9%

Worst

-0.8%

Positive periods

65.1%

152 overlapping 1Y windows, sampled monthly across the fund’s history.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+0.30%
2025	-0.07%
2024	+0.05%
2023	-0.17%
2022	+0.43%
2021	+0.14%
2020	+0.21%
2019	+1.39%
2018	+0.51%
2017	+0.45%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.00L

Absolute

-0.02%

XIRR

-0.01%

Value vs. invested

60 monthly installments of ₹10,000 into Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

3,351

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Arbitrage Fund

Compare all


Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investmentThis fund Kotak Mahindra	★☆☆☆☆	+0.09%	-0.05%	+0.02%	18.35	2.38%	₹72,409Cr
Tata Arbitrage Fund Tata	★★★★★	+6.71%	+7.56%	+6.82%	16.75	1.70%	₹22,684Cr
Tata Arbitrage Fund Tata	★★★★★	+6.71%	+7.56%	+6.82%	16.75	1.70%	₹22,684Cr
Invesco India Arbitrage Fund Invesco	★★★★☆	+6.70%	+7.52%	+6.97%	16.24	2.31%	₹27,818Cr
Edelweiss Arbitrage Fund Edelweiss	★★★★☆	+6.59%	+7.49%	+6.82%	17.00	1.67%	₹14,863Cr
Mirae Asset Arbitrage Fund Mirae Asset	★★★★☆	+6.62%	+7.42%	+6.64%	20.09	2.69%	₹3,657Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap75.4%
Mid cap22.0%
Small cap2.6%

Kotak Mahindra in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Arbitrage funds

Arbitrage funds profit from small price gaps between the cash and futures markets rather than from market direction. Returns are usually modest and cash-like, but they are taxed as equity.

Frequently asked questions

What is the NAV of Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

As of 20 Aug 2026, the NAV of Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment is ₹11.24 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment delivered?

Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment has returned +0.09% over 1 year, -0.05% per year over 3 years, +0.02% per year over 5 years and +0.37% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment charges an expense ratio of 2.38% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

Its largest holdings are Kotak Money Market Fund Direct-Growth (10.0%), Kotak Treasury Advantage Fund Direct-Growth (4.7%), ICICI Bank Ltd (3.7%), Kotak Low Duration Fund Direct-Growth (2.9%) and Kotak Liquid Plan A Direct - Growth (2.8%). Holdings are disclosed monthly and change over time.

How risky is Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.4% and its worst peak-to-trough fall in our sample was -2.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -2.74 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment's -2.74 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment is benchmarked against the NIFTY 50 Arbitrage Total Return Index . Its alpha and beta on this page are measured against that index.

Who manages Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment?

Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment is managed by Hiten Shah at Kotak Mahindra.

How is Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment taxed?

Kotak Arbitrage Fund - Direct Plan - IDCW - Payout & Re-investment is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.