Aditya Birla Sun Life Arbitrage Fund vs Kotak Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Arbitrage Fund and Kotak Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Arbitrage Fund (Direct) returned 7.4% a year and Kotak Arbitrage Fund (Direct) returned 7.4% a year. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Kotak Arbitrage Fund 2.31% (Direct plans). Their portfolios overlap 52.0%: they hold 171 of the same securities.
Aditya Birla Sun Life Arbitrage Fund
Arbitrage
- 3 year return
- 7.4%
- Expense ratio
- 1.23%
- NAV
- ₹31.18
Which is better, Aditya Birla Sun Life Arbitrage or Kotak Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Arbitrage returned more over 5 years: 7.0% a year against 6.8%.
- Kotak Arbitrage returned more over 3 years: 7.4% a year against 7.4%.
- Aditya Birla Sun Life Arbitrage costs less: 1.23% a year against 2.31% (Direct plans).
- Aditya Birla Sun Life Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- Aditya Birla Sun Life Arbitrage fell less in its worst fall since 07-01-2013: −0.5% against −0.6%.
- Kotak Arbitrage is the larger fund: ₹75,275 Cr against ₹26,933 Cr.
- Their portfolios overlap 52.0%: 171 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Arbitrage Fund | Kotak Arbitrage Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹26,933 Cr (30-09-2026) | ₹75,275 Cr (30-09-2026) |
| NAV | ₹31.18 (Direct) | ₹43.60 (Direct) |
| Expense ratio (Direct) | 1.23% | 2.31% |
| Expense ratio (Regular) | 1.94% | 2.89% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 24-07-2009 | 29-09-2005 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Lovelish Solanki, Mohit Sharma, Krina Mehta | Hiten Shah |
| Exit load | Nil | Exit load of 0.25% if redeemed within 30 days |
Aditya Birla Sun Life Arbitrage vs Kotak Arbitrage: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage Fund (Direct) | +0.50% | +1.55% | +3.30% | +6.75% | +7.40% | +6.85% | +6.38% |
| Kotak Arbitrage Fund (Direct) | +0.55% | +1.55% | +3.29% | +6.75% | +7.43% | +6.98% | +6.46% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | +6.31% |
Category average: the average of the 39 Arbitrage funds, same plan type.
Aditya Birla Sun Life Arbitrage vs Kotak Arbitrage: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Arbitrage | KotakKotak Arbitrage |
|---|---|---|
| 2026to date | +5.49% | +5.53% |
| 2025 | +7.20% | +7.06% |
| 2024 | +8.30% | +8.47% |
| 2023 | +7.86% | +8.01% |
| 2022 | +4.80% | +5.14% |
| 2021 | +4.52% | +4.56% |
Aditya Birla Sun Life Arbitrage vs Kotak Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,664 of them, one for each trading day from 07-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Kotak Arbitrage Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage | 0.0 | 10.4 | 89.6 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 6.7% | 4.5% | 8.9% |
| Kotak Arbitrage | 0.0 | 8.7 | 91.3 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.8% | 4.7% | 9.2% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 07-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Arbitrage vs Kotak Arbitrage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,73,930 | ₹10,13,930 | 6.6% |
| Kotak ArbitrageKotak Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,92,834 | ₹10,32,834 | 6.7% |
Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct)
Kotak ArbitrageKotak Arbitrage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Arbitrage vs Kotak Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.75% |
| Standard deviation | 1.34% | 1.38% |
| Sharpe ratio | 1.13 | 1.09 |
| Sortino ratio | 1.77 | 1.65 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +7.43% |
| Standard deviation | 1.07% | 1.10% |
| Sharpe ratio | 1.29 | 1.28 |
| Sortino ratio | 2.00 | 1.96 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.85% | +6.98% |
| Standard deviation | 0.99% | 1.01% |
| Sharpe ratio | 1.07 | 1.16 |
| Sortino ratio | 1.64 | 1.78 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.5% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +7.07% |
| Standard deviation | 1.10% | 1.02% |
| Sharpe ratio | 0.84 | 1.00 |
| Sortino ratio | 1.31 | 1.52 |
| Maximum drawdown | −0.5% (25-03-2020) | −0.6% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Kotak Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage Fund (Direct) | −0.5% | 16-03-2020 | 25-03-2020 | 31-03-2020 | 6 days | 0.0% |
| Kotak Arbitrage Fund (Direct) | −0.6% | 29-05-2020 | 03-06-2020 | 14-08-2020 | 2 months | −0.0% |
From daily values since 07-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Kotak Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Kotak Arbitrage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Kotak Arbitrage Fund (Direct)
Aditya Birla Sun Life Arbitrage vs Kotak Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; Kotak Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 52.0%
- Held by both
- 171
- Only in Aditya Birla Sun Life Arbitrage
- 29
- Only in Kotak Arbitrage
- 23
| Security | % of Aditya Birla Sun Life Arbitrage | % of Kotak Arbitrage |
|---|---|---|
| ICICI Bank Ltd. | 3.37% | 4.17% |
| Reliance Industries Ltd. | 2.87% | 3.06% |
| Axis Bank Ltd. | 2.20% | 2.94% |
| HDFC Bank Ltd. | 3.52% | 2.03% |
| Bharti Airtel Ltd. | 2.38% | 1.45% |
| HDFC Bank Ltd. (15/02/2027) | 1.45% | 1.94% |
| State Bank of India | 1.60% | 1.35% |
| Vodafone Idea Ltd. | 2.35% | 1.30% |
| Hindalco Industries Ltd. | 1.18% | 1.31% |
| ITC Ltd. | 0.87% | 0.85% |
| Tata Steel Ltd. | 0.83% | 1.53% |
| JSW Steel Ltd. | 1.01% | 0.74% |
| TVS Motor Company Ltd. | 0.71% | 0.94% |
| Coal India Ltd. | 0.71% | 1.18% |
| Maruti Suzuki India Ltd. | 0.73% | 0.66% |
| Indus Towers Ltd. | 1.10% | 0.65% |
| NTPC Ltd. | 1.19% | 0.64% |
| PB Fintech Ltd. | 0.64% | 0.67% |
| APL Apollo Tubes Ltd. | 0.70% | 0.61% |
| Bajaj Finance Ltd. | 0.59% | 1.20% |
| Yes Bank Ltd. | 0.54% | 0.56% |
| Hindustan Zinc Ltd. | 0.76% | 0.52% |
| Kotak Mahindra Bank Ltd. | 1.29% | 0.47% |
| Bharat Petroleum Corporation Ltd. | 0.51% | 0.44% |
| Info Edge (India) Ltd. | 0.43% | 0.59% |
| NMDC Ltd. | 0.79% | 0.41% |
| Eicher Motors Ltd. | 0.62% | 0.40% |
| Coforge Ltd. | 0.39% | 0.78% |
| Torrent Pharmaceuticals Ltd. | 0.39% | 0.63% |
| Aurobindo Pharma Ltd. | 0.65% | 0.39% |
| Mahindra & Mahindra Ltd. | 0.39% | 0.46% |
| Canara Bank | 0.38% | 0.55% |
| Cummins India Ltd. | 0.38% | 0.82% |
| Tata Consultancy Services Ltd. | 0.38% | 0.53% |
| Adani Energy Solutions Ltd. | 0.35% | 0.72% |
| Steel Authority of India Ltd. | 1.15% | 0.35% |
| Apollo Hospitals Enterprise Ltd. | 0.56% | 0.35% |
| Hindustan Aeronautics Ltd. | 0.52% | 0.35% |
| Ashok Leyland Ltd. | 0.39% | 0.35% |
| Infosys Ltd. | 0.35% | 1.25% |
| GE Vernova T&D India Ltd. | 0.34% | 0.55% |
| Jio Financial Services Ltd. | 0.77% | 0.34% |
| Interglobe Aviation Ltd. | 0.55% | 0.34% |
| Swiggy Ltd. | 0.34% | 0.75% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.34% | 0.88% |
| HDFC Life Insurance Company Ltd. | 0.35% | 0.33% |
| Adani Enterprises Ltd. | 0.69% | 0.32% |
| Indian Oil Corporation Ltd. | 0.31% | 0.69% |
| Vedanta Ltd. | 1.08% | 0.31% |
| Biocon Ltd. | 0.30% | 0.32% |
| Glenmark Pharmaceuticals Ltd. | 0.49% | 0.30% |
| Aditya Birla Capital Ltd. | 0.40% | 0.30% |
| Muthoot Finance Ltd. | 0.32% | 0.30% |
| Cipla Ltd. | 0.31% | 0.30% |
| Ambuja Cements Ltd. | 0.30% | 0.44% |
| Bank of Baroda | 0.29% | 0.69% |
| Larsen & Toubro Ltd. | 1.61% | 0.29% |
| PNB Housing Finance Ltd. | 0.38% | 0.29% |
| Shriram Finance Ltd. | 0.29% | 0.59% |
| Power Finance Corporation Ltd. | 0.27% | 0.80% |
| LIC Housing Finance Ltd. | 0.36% | 0.27% |
| Bandhan Bank Ltd. | 0.32% | 0.27% |
| JSW Energy Ltd. | 0.27% | 0.27% |
| Godrej Properties Ltd. | 0.26% | 0.40% |
| Alkem Laboratories Ltd. | 0.26% | 0.39% |
| Kalyan Jewellers India Ltd. | 0.49% | 0.25% |
| Bajaj Finserv Ltd. | 0.34% | 0.25% |
| Titan Company Ltd. | 0.24% | 0.31% |
| Crompton Greaves Consumer Electricals Ltd. | 0.35% | 0.23% |
| Tata Consumer Products Ltd. | 0.23% | 0.67% |
| HDFC Asset Management Co. Ltd. | 0.22% | 0.28% |
| Divi's Laboratories Ltd. | 0.21% | 0.96% |
| Manappuram Finance Ltd. | 0.41% | 0.21% |
| Union Bank of India | 0.21% | 0.25% |
| UPL Ltd. | 0.21% | 0.27% |
| Jindal Steel Ltd. | 0.20% | 0.41% |
| Marico Ltd. | 0.19% | 0.34% |
| Adani Green Energy Ltd. | 0.19% | 0.58% |
| Samvardhana Motherson International Ltd. | 0.18% | 0.62% |
| One 97 Communications Ltd. | 0.18% | 0.57% |
| Adani Power Ltd. | 0.18% | 1.43% |
| Hindustan Petroleum Corporation Ltd. | 0.18% | 0.44% |
| Bharat Heavy Electricals Ltd. | 0.21% | 0.18% |
| Bank of India | 0.18% | 0.19% |
| Nestle India Ltd. | 0.18% | 0.25% |
| Patanjali Foods Ltd. | 0.17% | 0.21% |
| Tata Power Company Ltd. | 0.17% | 0.25% |
| Laurus Labs Ltd. | 0.17% | 0.18% |
| Fortis Healthcare Ltd. | 0.17% | 0.22% |
| IDFC First Bank Ltd. | 0.17% | 0.47% |
| Sun Pharmaceutical Industries Ltd. | 0.35% | 0.17% |
| Punjab National Bank | 0.26% | 0.17% |
| National Aluminium Company Ltd. | 0.22% | 0.17% |
| Varun Beverages Ltd. | 0.17% | 0.46% |
| Ultratech Cement Ltd. | 0.52% | 0.16% |
| Hitachi Energy India Ltd. | 0.41% | 0.15% |
| SBI Life Insurance Co. Ltd. | 0.22% | 0.15% |
| Life Insurance Corporation of India | 0.15% | 0.20% |
| ICICI Lombard General Insurance Company Ltd. | 0.15% | 0.22% |
| Hindustan Unilever Ltd. | 0.14% | 0.57% |
| Radico Khaitan Ltd. | 0.14% | 0.24% |
| Lupin Ltd. | 0.14% | 0.59% |
| Sagility Ltd. | 0.14% | 0.16% |
| Container Corporation of India Ltd. | 0.22% | 0.14% |
| PG Electroplast Ltd. | 0.20% | 0.14% |
| Eternal Ltd. | 0.26% | 0.13% |
| Punjab National Bank (05/02/2027) | 0.18% | 0.13% |
| Supreme Industries Ltd. | 0.14% | 0.13% |
| Voltas Ltd. | 0.12% | 0.13% |
| Bharat Electronics Ltd. | 0.39% | 0.12% |
| BSE Ltd. | 0.15% | 0.12% |
| Indian Energy Exchange Ltd. | 0.14% | 0.12% |
| Central Depository Services (I) Ltd. | 0.12% | 0.12% |
| Suzlon Energy Ltd. | 0.12% | 0.22% |
| The Indian Hotels Company Ltd. | 0.11% | 0.52% |
| GAIL (India) Ltd. | 0.11% | 0.44% |
| Oil & Natural Gas Corporation Ltd. | 0.41% | 0.11% |
| Delhivery Ltd. | 0.11% | 0.36% |
| Computer Age Management Services Ltd. | 0.11% | 0.12% |
| Bank of Maharashtra | 0.10% | 0.12% |
| Bajaj Auto Ltd. | 0.10% | 0.52% |
| Astral Ltd. | 0.10% | 0.19% |
| KEI Industries Ltd. | 0.10% | 0.14% |
| Bosch Ltd. | 0.10% | 0.11% |
| Bharat Forge Ltd. | 0.10% | 0.36% |
| Grasim Industries Ltd. | 0.51% | 0.09% |
| United Spirits Ltd. | 0.44% | 0.09% |
| GMR Airports Ltd. | 0.10% | 0.09% |
| Tech Mahindra Ltd. | 0.08% | 0.69% |
| Asian Paints Ltd. | 0.27% | 0.08% |
| Pidilite Industries Ltd. | 0.11% | 0.08% |
| Indian Bank | 0.08% | 0.13% |
| Tube Investments of India Ltd. | 0.07% | 0.32% |
| Tata Motors Passenger Vehicles Ltd. | 0.07% | 0.43% |
| Max Financial Services Ltd. | 0.11% | 0.07% |
| The Phoenix Mills Ltd. | 0.10% | 0.07% |
| Angel One Ltd. | 0.07% | 0.13% |
| SRF Ltd. | 0.07% | 0.22% |
| NBCC (India) Ltd. | 0.19% | 0.06% |
| HDFC Bank Ltd. (24/02/2027) | 0.18% | 0.06% |
| HDFC Bank Ltd. (02/03/2027) | 0.18% | 0.06% |
| Trent Ltd. | 0.07% | 0.06% |
| Mphasis Ltd. | 0.06% | 0.27% |
| HCL Technologies Ltd. | 0.05% | 0.15% |
| Oil India Ltd. | 0.08% | 0.05% |
| Avenue Supermarts Ltd. | 0.05% | 0.08% |
| Colgate Palmolive (India) Ltd. | 0.04% | 0.07% |
| Adani Ports and Special Economic Zone Ltd. | 0.39% | 0.04% |
| Solar Industries India Ltd. | 0.29% | 0.04% |
| Inox Wind Ltd. | 0.08% | 0.04% |
| Max Healthcare Institute Ltd. | 0.07% | 0.04% |
| ABB India Ltd. | 0.06% | 0.04% |
| Prestige Estates Projects Ltd. | 0.04% | 0.04% |
| Persistent Systems Ltd. | 0.04% | 0.05% |
| SBI Cards & Payment Services Ltd. | 0.03% | 0.15% |
| Oberoi Realty Ltd. | 0.03% | 0.05% |
| Amber Enterprises India Ltd. | 0.05% | 0.03% |
| KPIT Technologies Ltd. | 0.03% | 0.04% |
| Ujjivan Small Finance Bank Ltd. | 0.02% | 0.03% |
| Motilal Oswal Financial Services Ltd. | 0.02% | 0.04% |
| Page Industries Ltd. | 0.02% | 0.12% |
| Polycab India Ltd. | 0.02% | 0.04% |
| FSN E-Commerce Ventures Ltd. | 0.02% | 0.04% |
| CG Power and Industrial Solutions Ltd. | 0.04% | 0.02% |
| Lodha Developers Ltd. | 0.03% | 0.02% |
| L&T Finance Ltd. | 0.02% | 0.05% |
| Wipro Ltd. | 0.08% | 0.01% |
| Godrej Consumer Products Ltd. | 0.04% | 0.01% |
| Bharat Dynamics Ltd. | 0.02% | 0.01% |
| Dabur India Ltd. | 0.02% | 0.01% |
| Siemens Energy India Ltd. | 0.01% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.0% means 52.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Arbitrage Fund
| Security | % of fund |
|---|---|
| Aditya Birla Sun Life Money Market Fund - Growth - Direct Plan | 10.18% |
| Aditya Birla Sun Life Floating Interest Rate Fund-Direct Plan-Growth | 3.56% |
| Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan | 2.55% |
| Small Industries Development Bank of India (28/01/2027) | 1.36% |
| National Bank for Agriculture and Rural Development (28/01/2027) | 1.27% |
Largest holdings only in Kotak Arbitrage Fund
| Security | % of fund |
|---|---|
| Kotak Money Market Fund Direct Growth | 9.78% |
| Kotak Savings Fund Direct Growth | 4.98% |
| Kotak Ultra Short to Short Term Fund | 3.86% |
| Kotak Liquid Direct Growth | 3.13% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Arbitrage | Kotak Arbitrage |
|---|---|---|
| Equity | 69.3% | 71.1% |
| Debt | 10.5% | 5.8% |
| Cash and others | 20.1% | 23.1% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Arbitrage | Kotak Arbitrage |
|---|---|---|
| Large Cap | 50.4% | 52.1% |
| Mid Cap | 15.6% | 16.4% |
| Small Cap | 3.4% | 2.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Arbitrage | Kotak Arbitrage |
|---|---|---|
| Banks | 16.4% | 14.4% |
| Telecom - Services | 5.8% | 3.4% |
| Finance | 4.5% | 5.7% |
| Petroleum Products | 3.9% | 4.6% |
| Pharmaceuticals and Biotechnology | 0.0% | 4.2% |
| Power | 2.5% | 3.9% |
| IT - Software | 1.5% | 3.8% |
| Pharmaceuticals & Biotechnology | 3.3% | 0.0% |
| Ferrous Metals | 3.2% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Arbitrage vs Kotak Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Arbitrage Fund | Kotak Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 2.31% |
| Base expense ratio (Direct) | 0.27% | 0.33% |
| Total expense ratio (Regular) | 1.94% | 2.89% |
| Base expense ratio (Regular) | 0.88% | 0.83% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Arbitrage with
Aditya Birla Sun Life Arbitrage Fund vs Kotak Arbitrage Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Arbitrage Fund and Kotak Arbitrage Fund?
Both are Arbitrage funds, run by Aditya Birla Sun Life Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 52.0%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Kotak Arbitrage Fund 2.31%.
Which has given higher returns, Aditya Birla Sun Life Arbitrage Fund or Kotak Arbitrage Fund?
Over 1 year: Aditya Birla Sun Life Arbitrage Fund +6.75%, Kotak Arbitrage Fund +6.75%. Over 3 years: Aditya Birla Sun Life Arbitrage Fund +7.40% a year, Kotak Arbitrage Fund +7.43% a year. Over 5 years: Aditya Birla Sun Life Arbitrage Fund +6.85% a year, Kotak Arbitrage Fund +6.98% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Arbitrage Fund or Kotak Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund charges less: 1.23% a year against 2.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Arbitrage Fund and Kotak Arbitrage Fund overlap?
52.0%. They hold 171 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Arbitrage Fund or Kotak Arbitrage Fund?
On SEBI's riskometer, Aditya Birla Sun Life Arbitrage Fund is rated Low and Kotak Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.07% and 1.10% a year.
Which is better for SIP, Aditya Birla Sun Life Arbitrage Fund or Kotak Arbitrage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,33,369 in Aditya Birla Sun Life Arbitrage Fund (XIRR 7.2% a year) and ₹7,34,378 in Kotak Arbitrage Fund (XIRR 7.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Arbitrage Fund and Kotak Arbitrage Fund?
Yes. 52.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life Arbitrage Fund and Kotak Arbitrage Fund?
Aditya Birla Sun Life Arbitrage Fund: Lovelish Solanki, Mohit Sharma, Krina Mehta. Kotak Arbitrage Fund: Hiten Shah.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.