Kotak Arbitrage Fund
The scheme aims to generate income through arbitrage opportunities emerging out of pricing anomaly between the spot & futures market; and also through deployment of surplus cash in fixed income instruments.
Growthvine rating: 5/5 — ranked #1 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹40.08 (as of 2026-08-21) |
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| AUM | ₹74,399 Cr |
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| Expense ratio | 0.84% |
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| Riskometer | Low |
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| Fund manager | Hiten Shah |
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| Exit load | 0.25% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 6.33% |
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| Sharpe ratio | 1.92 |
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| Standard deviation | 0.55% |
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| Max drawdown | -0.58% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 28.2% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -26.5% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
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| Top 10 holdings | 0.0% |
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| Total holdings | 170 |
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Top holdings
- Net Receivables/Payables (FnO) — 68.5%
- Kotak Money Market Fund Direct Growth — 9.8%
- Kotak Savings Fund Direct Growth — 4.6%
- Kotak Liquid Direct Growth — 4.5%
- Kotak Low Duration Fund Direct Growth — 2.8%
- AXIS Bank Ltd. — 2.7%
- Reliance Industries Ltd — 2.2%
- HDFC Bank Ltd. — 2.1%
- Kotak Mahindra Bank Ltd. — 2.0%
- CDHDFC BANK LTD. — 1.9%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 4.0% | Q1 (Top) | #5 of 35 |
| 2025 | 6.4% | Q2 | #11 of 31 |
| 2024 | 7.8% | Q1 (Top) | #1 of 27 |
| 2023 | 7.4% | Q1 (Top) | #2 of 25 |
| 2022 | 4.5% | Q1 (Top) | #3 of 21 |