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 39 in category.
Fund basics
| Category | Hybrid: Arbitrage |
|---|---|
| NAV | ₹40.49 (as of 2026-10-23) |
| AUM | ₹75,712 Cr |
| Expense ratio | 0.83% |
| Riskometer | Low |
| Fund manager | Hiten Shah |
| Exit load | 0.25% for redemption within 30 days |
Performance & risk
| 5-year annualised return | 6.31% |
|---|---|
| Sharpe ratio | 1.81 |
| Standard deviation | 0.55% |
| Max drawdown | −0.58% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 29.1% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and −24.8% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|---|
| Top 10 holdings | 0.0% |
| Total holdings | 174 |
Top holdings
- Net Receivables/Payables (FnO) — 71.1%
- Kotak Money Market Fund Direct Growth — 9.8%
- Kotak Savings Fund Direct Growth — 5.0%
- ICICI Bank Ltd. — 4.2%
- Kotak Ultra Short to Short Term Fund — 3.9%
- Kotak Liquid Direct Growth — 3.1%
- Reliance Industries Ltd — 3.1%
- AXIS Bank Ltd. — 2.9%
- HDFC Bank Ltd. — 2.0%
- CDHDFC BANK LTD. — 1.9%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 5.0% | 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 |