HDFC Arbitrage Fund vs Invesco India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Arbitrage Fund and Invesco India Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, HDFC Arbitrage Fund (Direct) returned 7.3% a year and Invesco India Arbitrage Fund (Direct) returned 7.5% a year. HDFC Arbitrage Fund charges 1.48% a year and Invesco India Arbitrage Fund 2.20% (Direct plans). Their portfolios overlap 50.4%: they hold 151 of the same securities.
Invesco India Arbitrage Fund
Arbitrage
- 3 year return
- 7.5%
- Expense ratio
- 2.20%
- NAV
- ₹37.63
Which is better, HDFC 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.
- Invesco India Arbitrage returned more over 5 years: 7.1% a year against 6.7%.
- Invesco India Arbitrage returned more over 3 years: 7.5% a year against 7.3%.
- HDFC Arbitrage costs less: 1.48% a year against 2.20% (Direct plans).
- Invesco India Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- Invesco India Arbitrage fell less in its worst fall since 27-03-2014: −0.5% against −0.7%.
- Invesco India Arbitrage is the larger fund: ₹30,396 Cr against ₹25,407 Cr.
- Their portfolios overlap 50.4%: 151 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 | HDFC Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Invesco Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹25,407 Cr (30-09-2026) | ₹30,396 Cr (30-09-2026) |
| NAV | ₹21.93 (Direct) | ₹37.63 (Direct) |
| Expense ratio (Direct) | 1.48% | 2.20% |
| Expense ratio (Regular) | 2.02% | 2.87% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 50 Arbitrage Index |
| Launch date | 23-10-2007 | 30-04-2007 |
| Minimum investment | ₹100 | Not available |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal, Anil Bamboli, Gopal Agrawal | Deepak Gupta, Pradeep Sukte |
| Exit load | • In respect of each purchase / switch-in of Units, an Exit load of 0.25% is payable if Units are redeemed / switched-out within 15 days from the date of allotment of units. • No Exit Load is payable if Units are redeemed/switched-out after 15 days from the date of allotment. | Exit load of 0.50% if redeemed within 15 days |
HDFC 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 |
|---|---|---|---|---|---|---|---|
| HDFC Arbitrage Fund (Direct) | +0.55% | +1.55% | +3.25% | +6.66% | +7.26% | +6.73% | +6.13% |
| 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.
HDFC Arbitrage vs Invesco India Arbitrage: Year-wise Returns
| Year | HDFCHDFC Arbitrage | Invesco IndiaInvesco India Arbitrage |
|---|---|---|
| 2026to date | +5.43% | +5.60% |
| 2025 | +6.93% | +7.17% |
| 2024 | +8.22% | +8.32% |
| 2023 | +7.78% | +8.07% |
| 2022 | +4.73% | +5.85% |
| 2021 | +4.17% | +4.15% |
HDFC Arbitrage vs Invesco India Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,364 of them, one for each trading day from 27-03-2017 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.
HDFC Arbitrage Fund (Direct)
Invesco India Arbitrage Fund (Direct)
to
Jan 2018Aug 2016
to
Aug 2019Apr 2018
to
Apr 2021Nov 2019
to
Nov 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Arbitrage | 0.0 | 16.6 | 83.4 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.3% | 4.2% | 7.8% |
| Invesco India Arbitrage | 0.0 | 5.9 | 94.1 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.6% | 4.8% | 8.0% |
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 27-03-2014. Past returns do not promise future returns.
HDFC Arbitrage vs Invesco India 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 27-03-2014 to 30-10-2026: 152 instalments, ₹15,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC ArbitrageHDFC Arbitrage Fund (Direct) | ₹15,20,000 | ₹23,04,061 | ₹7,84,061 | 6.3% |
| Invesco India ArbitrageInvesco India Arbitrage Fund (Direct) | ₹15,20,000 | ₹23,53,701 | ₹8,33,701 | 6.6% |
HDFC ArbitrageHDFC Arbitrage Fund (Direct)
Invesco India ArbitrageInvesco India 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.
HDFC 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 | HDFC Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +6.88% |
| Standard deviation | 1.39% | 1.35% |
| Sharpe ratio | 1.01 | 1.21 |
| Sortino ratio | 1.55 | 1.82 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (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 | HDFC Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.26% | +7.46% |
| Standard deviation | 1.10% | 1.09% |
| Sharpe ratio | 1.12 | 1.32 |
| Sortino ratio | 1.71 | 2.01 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (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 | HDFC Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.73% | +7.14% |
| Standard deviation | 1.01% | 1.00% |
| Sharpe ratio | 0.92 | 1.34 |
| Sortino ratio | 1.39 | 2.05 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (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 | HDFC Arbitrage Fund (Direct) | Invesco India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.43% | +6.95% |
| Standard deviation | 1.02% | 1.04% |
| Sharpe ratio | 0.60 | 0.87 |
| Sortino ratio | 0.87 | 1.29 |
| Maximum drawdown | −0.7% (25-03-2020) | −0.5% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-03-2014 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.
HDFC 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 |
|---|---|---|---|---|---|---|
| HDFC Arbitrage Fund (Direct) | −0.7% | 16-03-2020 | 25-03-2020 | 03-04-2020 | 9 days | −0.1% |
| Invesco India Arbitrage Fund (Direct) | −0.5% | 29-05-2020 | 03-06-2020 | 30-06-2020 | 27 days | −0.0% |
From daily values since 27-03-2014, 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.
HDFC Arbitrage Fund (Direct)
Invesco India 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.
HDFC Arbitrage Fund (Direct)
Invesco India 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.
HDFC Arbitrage Fund (Direct)
Invesco India Arbitrage Fund (Direct)
HDFC Arbitrage vs Invesco India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Arbitrage Fund, September 2026; Invesco India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 50.4%
- Held by both
- 151
- Only in HDFC Arbitrage
- 18
- Only in Invesco India Arbitrage
- 43
| Security | % of HDFC Arbitrage | % of Invesco India Arbitrage |
|---|---|---|
| HDFC Bank Ltd. | 5.04% | 5.58% |
| ICICI Bank Ltd. | 5.04% | 4.55% |
| Reliance Industries Ltd. | 3.39% | 3.48% |
| Axis Bank Ltd. | 2.87% | 2.20% |
| Bharti Airtel Ltd. | 3.31% | 2.16% |
| State Bank of India | 2.30% | 1.99% |
| Tata Steel Ltd. | 1.55% | 1.57% |
| Canara Bank | 1.52% | 1.52% |
| Divis Laboratories Ltd. | 1.26% | 1.08% |
| Punjab National Bank | 1.27% | 1.03% |
| VODAFONE IDEA LIMITED | 1.03% | 2.20% |
| IDFC First Bank Limited | 0.95% | 1.77% |
| Coal India Ltd. | 0.87% | 1.47% |
| Hindustan Unilever Ltd. | 1.43% | 0.78% |
| Indus Towers Limited | 0.81% | 0.77% |
| NMDC Limited | 0.67% | 0.71% |
| ITC LIMITED | 0.59% | 0.61% |
| Infosys Limited | 0.57% | 1.01% |
| Varun Beverages Ltd | 0.56% | 0.80% |
| Kotak Mahindra Bank Limited | 1.44% | 0.52% |
| Bank of Baroda | 0.74% | 0.50% |
| LIC Housing Finance Ltd. | 0.48% | 0.64% |
| Indian Oil Corporation Ltd. | 0.48% | 0.60% |
| Ambuja Cements Ltd. | 0.44% | 1.26% |
| Multi Commodity Exchange of India L | 0.44% | 1.55% |
| Power Finance Corporation Ltd. | 0.41% | 1.77% |
| Life Insurance Corporation of India | 0.40% | 0.43% |
| Marico Ltd. | 0.57% | 0.38% |
| Maruti Suzuki India Limited | 0.42% | 0.37% |
| Biocon Ltd. | 0.37% | 0.64% |
| Tata Consumer Products Limited | 0.49% | 0.36% |
| Tata Motors Passenger Vehicles Limited | 0.36% | 0.55% |
| Bharat Forge Ltd. | 0.35% | 0.33% |
| Bajaj Finance Ltd. | 1.80% | 0.32% |
| ADANI ENTERPRISES LIMTIED | 0.49% | 0.32% |
| Jio Financial Services Limited | 0.31% | 1.46% |
| Cummins India Ltd. | 0.29% | 0.77% |
| Yes Bank Ltd. | 0.29% | 1.38% |
| Hindustan Aeronautics Limited | 0.29% | 0.28% |
| Indian Hotels Company Ltd. | 0.27% | 0.60% |
| GE Vernova T&D India Limited | 0.27% | 0.58% |
| Indian Energy Exchange Limited | 0.26% | 0.28% |
| Bank of India | 0.26% | 0.26% |
| Godrej Properties Ltd. | 0.26% | 0.45% |
| NTPC Limited | 0.74% | 0.24% |
| Bharat Heavy Electricals Ltd. | 0.46% | 0.24% |
| TVS Motor Company Ltd. | 1.10% | 0.23% |
| Mahindra & Mahindra Ltd. | 0.43% | 0.23% |
| INFO EDGE (INDIA) LIMITED | 0.37% | 0.23% |
| Coforge Limited | 0.23% | 0.46% |
| APL Apollo Tubes Ltd. | 0.23% | 1.77% |
| Adani Power (Mundra) Limited | 0.23% | 2.11% |
| Hindalco Industries Ltd. | 0.73% | 0.22% |
| Steel Authority Of India Ltd. | 0.60% | 0.22% |
| Bharat Electronics Ltd. | 0.46% | 0.21% |
| Hindustan Petroleum Corp. Ltd. | 0.32% | 0.21% |
| The Tata Power Company Ltd. | 0.30% | 0.21% |
| Ashok Leyland Ltd | 0.29% | 0.20% |
| Eicher Motors Ltd. | 0.58% | 0.19% |
| Central Depository Services (India) Ltd. | 0.19% | 0.19% |
| Adani Energy Solutions Limited | 0.19% | 0.21% |
| Glenmark Pharmaceuticals Ltd. | 0.46% | 0.18% |
| HDFC Life Insurance Company Limited | 0.38% | 0.18% |
| Asian Paints Limited | 0.28% | 0.18% |
| Voltas Ltd. | 0.21% | 0.18% |
| Alkem Laboratories Ltd. | 0.18% | 0.19% |
| Bajaj Auto Limited | 0.18% | 0.31% |
| Aditya Birla Capital ltd. | 0.33% | 0.17% |
| Union Bank of India | 3.84% | 0.16% |
| InterGlobe Aviation Ltd. | 0.62% | 0.16% |
| Aurobindo Pharma Ltd. | 0.17% | 0.16% |
| UPL Ltd. | 0.16% | 0.27% |
| Torrent Pharmaceuticals Ltd. | 0.16% | 0.40% |
| Lupin Ltd. | 0.15% | 0.30% |
| Titan Company Ltd. | 0.24% | 0.14% |
| INOX Wind Limited | 0.16% | 0.14% |
| Samvardhana Motherson International Ltd. | 0.14% | 0.30% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.62% | 0.13% |
| Bandhan Bank Ltd. | 0.13% | 0.25% |
| Patanjali Foods Limited | 0.13% | 0.48% |
| Radico Khaitan Limited | 0.13% | 0.13% |
| Larsen and Toubro Ltd. | 0.54% | 0.12% |
| Bharat Petroleum Corporation Ltd. | 0.23% | 0.12% |
| Pidilite Industries Ltd. | 0.23% | 0.12% |
| Kalyan Jewellers India Ltd | 0.39% | 0.11% |
| Adani Green Energy Limited | 0.18% | 0.11% |
| The Federal Bank Ltd. | 0.11% | 0.78% |
| One 97 Communications Limited | 0.10% | 0.20% |
| Delhivery Limited | 0.09% | 0.31% |
| JSW Steel Ltd. | 2.32% | 0.08% |
| UltraTech Cement Limited | 0.21% | 0.08% |
| Union Bank of India | 0.10% | 0.08% |
| PG Electroplast Limited | 0.08% | 0.28% |
| PNB Housing Finance Ltd. | 0.08% | 0.39% |
| Shriram Finance Ltd. | 0.08% | 0.22% |
| Tube Investments of India Ltd. | 0.08% | 0.09% |
| Fortis Healthcare Limited | 0.07% | 0.31% |
| JSW Energy Ltd. | 0.07% | 0.18% |
| GAIL (India) Ltd. | 0.07% | 0.12% |
| Supreme Industries Ltd. | 0.07% | 0.12% |
| Oil & Natural Gas Corporation Ltd. | 0.07% | 0.09% |
| Union Bank of India | 0.07% | 0.32% |
| Bajaj Finserv Ltd. | 0.15% | 0.06% |
| SBI Life Insurance Company Ltd. | 0.06% | 0.08% |
| Au Small Finance Bank Ltd. | 0.06% | 0.19% |
| Sagility Limited | 0.05% | 0.13% |
| National Aluminium Co. Ltd. | 0.05% | 0.09% |
| MphasiS Limited. | 0.05% | 0.32% |
| Muthoot Finance Ltd. | 0.05% | 0.21% |
| Computer Age Management Services | 0.05% | 0.50% |
| Jindal Steel Limited. | 0.05% | 0.39% |
| United Spirits Limited | 0.05% | 0.05% |
| Apollo Hospitals Enterprise Ltd. | 0.59% | 0.04% |
| Grasim Industries Ltd. | 0.19% | 0.04% |
| Sun Pharmaceutical Industries Ltd. | 0.07% | 0.04% |
| Swiggy Limited | 0.04% | 0.34% |
| Container Corporation of India Ltd. | 0.04% | 0.58% |
| Tata Consultancy Services Ltd. | 0.04% | 0.67% |
| GMR Airports Limited | 0.04% | 0.06% |
| Eternal Limited | 0.17% | 0.03% |
| Cipla Ltd. | 0.13% | 0.03% |
| Indusind Bank Ltd. | 0.10% | 0.03% |
| Solar Industries India Ltd. | 0.06% | 0.03% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 0.03% |
| Trent Ltd. | 0.04% | 0.03% |
| Dabur India Ltd. | 0.03% | 0.03% |
| NBCC (India) Limited | 0.03% | 0.09% |
| Bombay Stock Exchange Limited (BSE) | 0.03% | 0.29% |
| Nestle India Ltd. | 0.03% | 0.13% |
| SRF Ltd. | 0.03% | 0.09% |
| HCL Technologies Ltd. | 0.03% | 0.61% |
| Max Financial Services Ltd. | 0.08% | 0.02% |
| Suzlon Energy Ltd | 0.02% | 0.24% |
| Hindustan Zinc Ltd. | 0.02% | 0.35% |
| Oil India Limited | 0.02% | 0.16% |
| Crompton Greaves Consumer Elec. Ltd. | 0.02% | 0.55% |
| PB Fintech Limited | 0.02% | 0.52% |
| Manappuram Finance Ltd. | 0.02% | 0.53% |
| Page Industries Ltd | 0.02% | 0.06% |
| Avenue Supermarts Ltd. | 0.07% | 0.01% |
| Amber Enterprises India Ltd. | 0.04% | 0.01% |
| Astral Limited | 0.01% | 0.28% |
| Zydus Lifesciences Limited | 0.01% | 0.02% |
| Hitachi Energy India Ltd. | 0.01% | 0.10% |
| Colgate-Palmolive ( I ) Ltd. | 0.01% | 0.25% |
| Polycab India Limited | 0.01% | 0.02% |
| Angel One Ltd. | 0.01% | 0.02% |
| Adani Ports & Special Economic Zone | 0.01% | 0.04% |
| Power Grid Corporation of India Ltd. | 0.01% | 0.06% |
| Laurus Labs Ltd. | 0.01% | 0.19% |
| RBL Bank Ltd. | 0.01% | 0.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.4% means 50.4% 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 HDFC Arbitrage Fund
| Security | % of fund |
|---|---|
| HDFC Money Market Fund - Direct Plan - Growth Option | 9.14% |
| HDFC Liquid Fund - Direct Plan - Growth Option | 3.75% |
| HDFC Ultra Short Term Fund - Direct Plan - Growth Option | 2.85% |
| HDFC Ultra Short to Short Term Fund - Direct Plan - Growth Option | 2.64% |
| Indian Overseas Bank | 1.15% |
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% |
| HDFC Bank Limited 2027 | 1.28% |
| Bank of Baroda 2027 | 0.96% |
| Small Industries Dev Bank of India 2027 | 0.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Equity | 67.5% | 79.6% |
| Debt | 9.0% | 5.8% |
| Cash and others | 23.4% | 14.6% |
Market cap of stocks
| Market cap | HDFC Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Large Cap | 55.6% | 53.9% |
| Mid Cap | 10.3% | 20.6% |
| Small Cap | 1.7% | 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 | HDFC Arbitrage | Invesco India Arbitrage |
|---|---|---|
| Banks | 22.2% | 23.3% |
| Finance | 4.3% | 6.1% |
| Telecom - Services | 5.2% | 5.1% |
| Ferrous Metals | 4.5% | 2.3% |
| Petroleum Products | 4.4% | 4.4% |
| IT - Software | 0.9% | 3.6% |
| Pharmaceuticals & Biotechnology | 3.0% | 3.2% |
| Automobiles | 3.1% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Arbitrage vs Invesco India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Arbitrage Fund | Invesco India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.48% | 2.20% |
| Base expense ratio (Direct) | 0.34% | 0.34% |
| Total expense ratio (Regular) | 2.02% | 2.87% |
| Base expense ratio (Regular) | 0.80% | 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 HDFC Arbitrage with
HDFC Arbitrage Fund vs Invesco India Arbitrage Fund: Frequently Asked Questions
What is the difference between HDFC Arbitrage Fund and Invesco India Arbitrage Fund?
Both are Arbitrage funds, run by HDFC Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 50.4%. HDFC Arbitrage Fund charges 1.48% a year and Invesco India Arbitrage Fund 2.20%.
Which has given higher returns, HDFC Arbitrage Fund or Invesco India Arbitrage Fund?
Over 1 year: HDFC Arbitrage Fund +6.66%, Invesco India Arbitrage Fund +6.88%. Over 3 years: HDFC Arbitrage Fund +7.26% a year, Invesco India Arbitrage Fund +7.46% a year. Over 5 years: HDFC Arbitrage Fund +6.73% a year, Invesco India Arbitrage Fund +7.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Arbitrage Fund or Invesco India Arbitrage Fund?
HDFC Arbitrage Fund charges less: 1.48% a year against 2.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Arbitrage Fund and Invesco India Arbitrage Fund overlap?
50.4%. They hold 151 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC Arbitrage Fund or Invesco India Arbitrage Fund?
On SEBI's riskometer, HDFC Arbitrage Fund is rated Low and Invesco India Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.10% and 1.09% a year.
Which is better for SIP, HDFC Arbitrage Fund or Invesco India Arbitrage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,30,981 in HDFC Arbitrage Fund (XIRR 7.1% a year) and ₹7,35,975 in Invesco India Arbitrage Fund (XIRR 7.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Arbitrage Fund and Invesco India Arbitrage Fund?
Yes. 50.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Arbitrage Fund and Invesco India Arbitrage Fund?
HDFC Arbitrage Fund: Nandita Menezes, Arun Agarwal, Anil Bamboli, Gopal Agrawal. 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.