Groww Arbitrage Fund vs Invesco India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Arbitrage Fund and Invesco India Arbitrage Fund are both Arbitrage funds. Groww Arbitrage Fund charges 1.86% a year and Invesco India Arbitrage Fund 2.20% (Direct plans). Their portfolios overlap 31.7%: they hold 40 of the same securities.
Which is better, Groww Arbitrage or Invesco India Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Arbitrage costs less: 1.86% a year against 2.20% (Direct plans).
- Invesco India Arbitrage fell less in its worst fall since 29-04-2026: −0.4% against −0.6%.
- Invesco India Arbitrage is the larger fund: ₹30,396 Cr against ₹70 Cr.
- Their portfolios overlap 31.7%: 40 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 | Groww Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Invesco Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹70 Cr (30-09-2026) | ₹30,396 Cr (30-09-2026) |
| NAV | ₹10.31 (Direct) | ₹37.63 (Direct) |
| Expense ratio (Direct) | 1.86% | 2.20% |
| Expense ratio (Regular) | 2.56% | 2.87% |
| Riskometer | Low to Moderate | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 28-04-2026 | 30-04-2007 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Paras Matalia, Shashi Kumar, Wilfred Gonsalves | Deepak Gupta, Pradeep Sukte |
| Exit load | • 0.25% if redeemed within 30 Days from thedate of allotment. • Nil - if redeemed after 30 Days from the dateof allotment | Exit load of 0.50% if redeemed within 15 days |
Groww Arbitrage vs Invesco India 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 |
|---|---|---|---|---|---|---|---|
| Groww Arbitrage Fund (Direct) | +0.60% | +1.45% | +3.08% | -- | -- | -- | -- |
| Invesco India Arbitrage Fund (Direct) | +0.63% | +1.62% | +3.40% | +6.88% | +7.46% | +7.14% | +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.
Groww Arbitrage vs Invesco India Arbitrage: Year-wise Returns
| Year | GrowwGroww Arbitrage | Invesco IndiaInvesco India Arbitrage |
|---|---|---|
| 2026to date | -- | +5.60% |
| 2025 | -- | +7.17% |
| 2024 | -- | +8.32% |
| 2023 | -- | +8.07% |
| 2022 | -- | +5.85% |
| 2021 | -- | +4.15% |
Groww Arbitrage vs Invesco India Arbitrage: Rolling Returns
Every holding period of both funds
Groww Arbitrage vs Invesco India Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.13% | +6.95% |
| Standard deviation | 2.14% | 1.04% |
| Sharpe ratio | 0.40 | 0.87 |
| Sortino ratio | 0.59 | 1.29 |
| Maximum drawdown | −0.6% (06-08-2026) | −0.5% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-04-2026 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.
Groww Arbitrage Fund (Direct)
Invesco India Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Arbitrage Fund (Direct) | −0.6% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.1% |
| Invesco India Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 21-08-2026 | 15 days | −0.0% |
From daily values since 29-04-2026, the first day every fund has.
Groww Arbitrage vs Invesco India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Arbitrage Fund, September 2026; Invesco India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 31.7%
- Held by both
- 40
- Only in Groww Arbitrage
- 1
- Only in Invesco India Arbitrage
- 154
| Security | % of Groww Arbitrage | % of Invesco India Arbitrage |
|---|---|---|
| HDFC Bank Limited | 6.35% | 5.58% |
| ICICI Bank Limited | 8.50% | 4.55% |
| Reliance Industries Limited | 6.90% | 3.48% |
| Power Finance Corporation Limited | 2.01% | 1.77% |
| Tata Steel Limited | 2.84% | 1.57% |
| Canara Bank | 5.79% | 1.52% |
| Yes Bank Ltd | 1.40% | 1.38% |
| IDFC First Bank Limited | 1.19% | 1.77% |
| Divi's Laboratories Limited | 4.94% | 1.08% |
| Bharti Airtel Limited | 0.84% | 2.16% |
| Varun Beverages Limited | 0.87% | 0.80% |
| The Federal Bank Limited | 3.76% | 0.78% |
| Indus Towers Limited | 2.28% | 0.77% |
| ITC Limited | 1.30% | 0.61% |
| Kotak Mahindra Bank Limited | 0.96% | 0.52% |
| State Bank of India | 0.52% | 1.99% |
| Bank of Baroda | 1.07% | 0.50% |
| Life Insurance Corporation Of India | 6.75% | 0.43% |
| Crompton Greaves Consumer Electrical Ltd | 0.39% | 0.55% |
| Tata Consumer Products Limited | 0.75% | 0.36% |
| Bharat Forge Limited | 0.97% | 0.33% |
| Bajaj Finance Limited | 2.38% | 0.32% |
| Adani Enterprises Limited | 0.52% | 0.32% |
| Multi Commodity Exchange of India Ltd. | 0.32% | 1.55% |
| Hindustan Aeronautics Limited | 0.30% | 0.28% |
| TVS Motor Company Limited | 0.52% | 0.23% |
| Hindalco Industries Limited | 0.66% | 0.22% |
| Mahindra & Mahindra Limited | 0.17% | 0.23% |
| JSW Energy Limited | 0.15% | 0.18% |
| Sagility Limited | 0.88% | 0.13% |
| HDFC Life Insurance Company Limited | 0.08% | 0.18% |
| Hindustan Unilever Limited | 0.08% | 0.78% |
| Container Corporation of India Limited | 0.08% | 0.58% |
| UltraTech Cement Limited | 0.24% | 0.08% |
| Bajaj Finserv Limited | 0.07% | 0.06% |
| Voltas Limited | 0.06% | 0.18% |
| Adani Port & Special Economic Zone Ltd | 1.47% | 0.04% |
| Sun Pharmaceutical Industries Limited | 0.09% | 0.04% |
| Solar Industries India Limited | 4.24% | 0.03% |
| IndusInd Bank Limited | 0.36% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.7% means 31.7% 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 Groww Arbitrage Fund
| Security | % of fund |
|---|---|
| Groww Mutual Fund | 22.19% |
Largest holdings only in Invesco India Arbitrage Fund
| Security | % of fund |
|---|---|
| Invesco India Money Market Fund - Direct Plan - Growth | 5.52% |
| Invesco India Liquid Fund - Direct Plan - Growth | 5.22% |
| Axis Bank Limited | 2.20% |
| Vodafone Idea Limited | 2.20% |
| Adani Power Limited | 2.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Equity | 73.1% | 79.6% |
| Debt | 0.0% | 5.8% |
| Cash and others | 26.9% | 14.6% |
Market cap of stocks
| Market cap | Groww Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Large Cap | 63.5% | 53.9% |
| Mid Cap | 8.3% | 20.6% |
| Small Cap | 1.3% | 5.0% |
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 | Groww Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Banks | 29.9% | 23.3% |
| Petroleum Products | 6.9% | 4.4% |
| Insurance | 6.8% | 0.9% |
| Finance | 4.5% | 6.1% |
| Telecom - Services | 3.1% | 5.1% |
| Pharmaceuticals & Biotechnology | 5.0% | 3.2% |
| Chemicals & Petrochemicals | 4.2% | 0.2% |
| IT - Software | 0.0% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Arbitrage vs Invesco India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | 2.20% |
| Base expense ratio (Direct) | 0.21% | 0.34% |
| Total expense ratio (Regular) | 2.56% | 2.87% |
| Base expense ratio (Regular) | 0.83% | 0.91% |
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 Groww Arbitrage with
Groww Arbitrage Fund vs Invesco India Arbitrage Fund: Frequently Asked Questions
What is the difference between Groww Arbitrage Fund and Invesco India Arbitrage Fund?
Both are Arbitrage funds, run by Groww Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 31.7%. Groww Arbitrage Fund charges 1.86% a year and Invesco India Arbitrage Fund 2.20%.
Which has the lower expense ratio, Groww Arbitrage Fund or Invesco India Arbitrage Fund?
Groww Arbitrage Fund charges less: 1.86% a year against 2.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Arbitrage Fund and Invesco India Arbitrage Fund overlap?
31.7%. They hold 40 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Groww Arbitrage Fund or Invesco India Arbitrage Fund?
On SEBI's riskometer, Groww Arbitrage Fund is rated Low to Moderate and Invesco India Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 2.14% and 1.04% a year.
Can I invest in both Groww Arbitrage Fund and Invesco India Arbitrage Fund?
Yes. 31.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Arbitrage Fund and Invesco India Arbitrage Fund?
Groww Arbitrage Fund: Paras Matalia, Shashi Kumar, Wilfred Gonsalves. Invesco India Arbitrage Fund: Deepak Gupta, Pradeep Sukte.
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.