Groww Arbitrage Fund vs Kotak Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Arbitrage Fund and Kotak Arbitrage Fund are both Arbitrage funds. Groww Arbitrage Fund charges 1.86% a year and Kotak Arbitrage Fund 2.31% (Direct plans). Their portfolios overlap 24.3%: they hold 37 of the same securities.
Which is better, Groww 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.
- Groww Arbitrage costs less: 1.86% a year against 2.31% (Direct plans).
- Kotak Arbitrage fell less in its worst fall since 29-04-2026: −0.5% against −0.6%.
- Groww Arbitrage holds more in large companies: 63.5% of the fund in large caps against 52.1%.
- Kotak Arbitrage is the larger fund: ₹75,275 Cr against ₹70 Cr.
- Their portfolios overlap 24.3%: 37 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 | Kotak Arbitrage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹70 Cr (30-09-2026) | ₹75,275 Cr (30-09-2026) |
| NAV | ₹10.31 (Direct) | ₹43.60 (Direct) |
| Expense ratio (Direct) | 1.86% | 2.31% |
| Expense ratio (Regular) | 2.56% | 2.89% |
| Riskometer | Low to Moderate | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 28-04-2026 | 29-09-2005 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Paras Matalia, Shashi Kumar, Wilfred Gonsalves | Hiten Shah |
| 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 0.25% if redeemed within 30 days |
Groww 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 |
|---|---|---|---|---|---|---|---|
| Groww Arbitrage Fund (Direct) | +0.60% | +1.45% | +3.08% | -- | -- | -- | -- |
| 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.
Groww Arbitrage vs Kotak Arbitrage: Year-wise Returns
| Year | GrowwGroww Arbitrage | KotakKotak Arbitrage |
|---|---|---|
| 2026to date | -- | +5.53% |
| 2025 | -- | +7.06% |
| 2024 | -- | +8.47% |
| 2023 | -- | +8.01% |
| 2022 | -- | +5.14% |
| 2021 | -- | +4.56% |
Groww Arbitrage vs Kotak Arbitrage: Rolling Returns
Every holding period of both funds
Groww Arbitrage vs Kotak 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) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.13% | +7.07% |
| Standard deviation | 2.14% | 1.02% |
| Sharpe ratio | 0.40 | 1.00 |
| Sortino ratio | 0.59 | 1.52 |
| Maximum drawdown | −0.6% (06-08-2026) | −0.6% (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)
Kotak 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% |
| Kotak Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
From daily values since 29-04-2026, the first day every fund has.
Groww Arbitrage vs Kotak Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Arbitrage Fund, September 2026; Kotak Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 24.3%
- Held by both
- 37
- Only in Groww Arbitrage
- 4
- Only in Kotak Arbitrage
- 157
| Security | % of Groww Arbitrage | % of Kotak Arbitrage |
|---|---|---|
| ICICI Bank Limited | 8.50% | 4.17% |
| Reliance Industries Limited | 6.90% | 3.06% |
| HDFC Bank Limited | 6.35% | 2.03% |
| Tata Steel Limited | 2.84% | 1.53% |
| Bajaj Finance Limited | 2.38% | 1.20% |
| Divi's Laboratories Limited | 4.94% | 0.96% |
| ITC Limited | 1.30% | 0.85% |
| Bharti Airtel Limited | 0.84% | 1.45% |
| Power Finance Corporation Limited | 2.01% | 0.80% |
| Bank of Baroda | 1.07% | 0.69% |
| Tata Consumer Products Limited | 0.75% | 0.67% |
| Hindalco Industries Limited | 0.66% | 1.31% |
| Indus Towers Limited | 2.28% | 0.65% |
| Yes Bank Ltd | 1.40% | 0.56% |
| Canara Bank | 5.79% | 0.55% |
| State Bank of India | 0.52% | 1.35% |
| TVS Motor Company Limited | 0.52% | 0.94% |
| IDFC First Bank Limited | 1.19% | 0.47% |
| Kotak Mahindra Bank Limited | 0.96% | 0.47% |
| Varun Beverages Limited | 0.87% | 0.46% |
| Bharat Forge Limited | 0.97% | 0.36% |
| Adani Enterprises Limited | 0.52% | 0.32% |
| Hindustan Aeronautics Limited | 0.30% | 0.35% |
| Crompton Greaves Consumer Electrical Ltd | 0.39% | 0.23% |
| Life Insurance Corporation Of India | 6.75% | 0.20% |
| Mahindra & Mahindra Limited | 0.17% | 0.46% |
| Sagility Limited | 0.88% | 0.16% |
| UltraTech Cement Limited | 0.24% | 0.16% |
| JSW Energy Limited | 0.15% | 0.27% |
| Sun Pharmaceutical Industries Limited | 0.09% | 0.17% |
| HDFC Life Insurance Company Limited | 0.08% | 0.33% |
| Hindustan Unilever Limited | 0.08% | 0.57% |
| Container Corporation of India Limited | 0.08% | 0.14% |
| Bajaj Finserv Limited | 0.07% | 0.25% |
| Voltas Limited | 0.06% | 0.13% |
| Solar Industries India Limited | 4.24% | 0.04% |
| Adani Port & Special Economic Zone Ltd | 1.47% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.3% means 24.3% 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% |
| The Federal Bank Limited | 3.76% |
| IndusInd Bank Limited | 0.36% |
| Multi Commodity Exchange of India Ltd. | 0.32% |
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% |
| AXIS BANK LTD. | 2.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Arbitrage | Kotak Arbitrage |
|---|---|---|
| Equity | 73.1% | 71.1% |
| Debt | 0.0% | 5.8% |
| Cash and others | 26.9% | 23.1% |
Market cap of stocks
| Market cap | Groww Arbitrage | Kotak Arbitrage |
|---|---|---|
| Large Cap | 63.5% | 52.1% |
| Mid Cap | 8.3% | 16.4% |
| Small Cap | 1.3% | 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 | Groww Arbitrage | Kotak Arbitrage |
|---|---|---|
| Banks | 29.9% | 14.4% |
| Petroleum Products | 6.9% | 4.6% |
| Insurance | 6.8% | 1.0% |
| Finance | 4.5% | 5.7% |
| Pharmaceuticals & Biotechnology | 5.0% | 0.0% |
| Chemicals & Petrochemicals | 4.2% | 0.0% |
| Pharmaceuticals and Biotechnology | 0.0% | 4.2% |
| Power | 0.1% | 3.9% |
| IT - Software | 0.0% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Arbitrage vs Kotak Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Arbitrage Fund | Kotak Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.86% | 2.31% |
| Base expense ratio (Direct) | 0.21% | 0.33% |
| Total expense ratio (Regular) | 2.56% | 2.89% |
| Base expense ratio (Regular) | 0.83% | 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 Groww Arbitrage with
Groww Arbitrage Fund vs Kotak Arbitrage Fund: Frequently Asked Questions
What is the difference between Groww Arbitrage Fund and Kotak Arbitrage Fund?
Both are Arbitrage funds, run by Groww Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 24.3%. Groww Arbitrage Fund charges 1.86% a year and Kotak Arbitrage Fund 2.31%.
Which has the lower expense ratio, Groww Arbitrage Fund or Kotak Arbitrage Fund?
Groww Arbitrage Fund charges less: 1.86% a year against 2.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Arbitrage Fund and Kotak Arbitrage Fund overlap?
24.3%. They hold 37 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Groww Arbitrage Fund or Kotak Arbitrage Fund?
On SEBI's riskometer, Groww Arbitrage Fund is rated Low to Moderate and Kotak Arbitrage Fund Low. Over their common history, the standard deviation of daily returns was 2.14% and 1.02% a year.
Can I invest in both Groww Arbitrage Fund and Kotak Arbitrage Fund?
Yes. 24.3% 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 Kotak Arbitrage Fund?
Groww Arbitrage Fund: Paras Matalia, Shashi Kumar, Wilfred Gonsalves. 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.