ICICI Prudential Arbitrage Fund vs Kotak Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Arbitrage Fund and Kotak Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, ICICI Prudential Arbitrage Fund (Direct) returned 7.3% a year and Kotak Arbitrage Fund (Direct) returned 7.4% a year. ICICI Prudential Arbitrage Fund charges 1.63% a year and Kotak Arbitrage Fund 2.31% (Direct plans). Their portfolios overlap 50.6%: they hold 165 of the same securities.
ICICI Prudential Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.63%
- NAV
- ₹40.00
Which is better, ICICI Prudential 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 7.3%.
- ICICI Prudential Arbitrage costs less: 1.63% a year against 2.31% (Direct plans).
- Kotak Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- Kotak Arbitrage fell less in its worst fall since 08-01-2013: −0.6% against −0.6%.
- Kotak Arbitrage is the larger fund: ₹75,275 Cr against ₹35,576 Cr.
- Their portfolios overlap 50.6%: 165 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 | ICICI Prudential Arbitrage Fund | Kotak Arbitrage Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹35,576 Cr (30-09-2026) | ₹75,275 Cr (30-09-2026) |
| NAV | ₹40.00 (Direct) | ₹43.60 (Direct) |
| Expense ratio (Direct) | 1.63% | 2.31% |
| Expense ratio (Regular) | 2.16% | 2.89% |
| Riskometer | Not available | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage Index |
| Launch date | 30-12-2006 | 29-09-2005 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia | Hiten Shah |
| Exit load | 0.25% of the applicable NAV If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment NIL If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment | Exit load of 0.25% if redeemed within 30 days |
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund (Direct) | +0.50% | +1.50% | +3.24% | +6.62% | +7.27% | +6.77% | +6.33% |
| 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.
ICICI Prudential Arbitrage vs Kotak Arbitrage: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Arbitrage | KotakKotak Arbitrage |
|---|---|---|
| 2026to date | +5.40% | +5.53% |
| 2025 | +7.02% | +7.06% |
| 2024 | +8.21% | +8.47% |
| 2023 | +7.77% | +8.01% |
| 2022 | +4.79% | +5.14% |
| 2021 | +4.40% | +4.56% |
ICICI Prudential Arbitrage vs Kotak Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,662 of them, one for each trading day from 08-01-2016 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.
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage | 0.0 | 11.2 | 88.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 6.8% | 4.5% | 9.2% |
| 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 08-01-2013. Past returns do not promise future returns.
ICICI Prudential 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 08-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential ArbitrageICICI Prudential Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,66,264 | ₹10,06,264 | 6.6% |
| Kotak ArbitrageKotak Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,92,834 | ₹10,32,834 | 6.7% |
ICICI Prudential ArbitrageICICI Prudential 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.
ICICI Prudential Arbitrage vs Kotak Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Arbitrage Fund (Direct) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.62% | +6.75% |
| Standard deviation | 1.39% | 1.38% |
| Sharpe ratio | 1.00 | 1.09 |
| Sortino ratio | 1.53 | 1.65 |
| Maximum drawdown | −0.4% (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 | ICICI Prudential Arbitrage Fund (Direct) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.27% | +7.43% |
| Standard deviation | 1.10% | 1.10% |
| Sharpe ratio | 1.13 | 1.28 |
| Sortino ratio | 1.74 | 1.96 |
| Maximum drawdown | −0.4% (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 | ICICI Prudential Arbitrage Fund (Direct) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.77% | +6.98% |
| Standard deviation | 1.00% | 1.01% |
| Sharpe ratio | 0.97 | 1.16 |
| Sortino ratio | 1.49 | 1.78 |
| Maximum drawdown | −0.4% (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 | ICICI Prudential Arbitrage Fund (Direct) | Kotak Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +7.07% |
| Standard deviation | 1.05% | 1.02% |
| Sharpe ratio | 0.92 | 1.00 |
| Sortino ratio | 1.38 | 1.52 |
| Maximum drawdown | −0.6% (03-06-2020) | −0.6% (03-06-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-01-2013 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.
ICICI Prudential 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund (Direct) | −0.6% | 29-05-2020 | 03-06-2020 | 20-08-2020 | 3 months | −0.1% |
| Kotak Arbitrage Fund (Direct) | −0.6% | 29-05-2020 | 03-06-2020 | 14-08-2020 | 2 months | −0.0% |
From daily values since 08-01-2013, 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.
ICICI Prudential 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.
ICICI Prudential 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.
ICICI Prudential Arbitrage Fund (Direct)
Kotak Arbitrage Fund (Direct)
ICICI Prudential Arbitrage vs Kotak Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Arbitrage Fund, September 2026; Kotak Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 50.6%
- Held by both
- 165
- Only in ICICI Prudential Arbitrage
- 27
- Only in Kotak Arbitrage
- 29
| Security | % of ICICI Prudential Arbitrage | % of Kotak Arbitrage |
|---|---|---|
| Reliance Industries Ltd. | 4.44% | 3.06% |
| Axis Bank Ltd. | 2.94% | 2.94% |
| HDFC Bank Ltd. | 3.36% | 2.03% |
| Tata Steel Ltd. | 1.47% | 1.53% |
| Bharti Airtel Ltd. | 2.04% | 1.45% |
| HDFC Bank Ltd. | 1.37% | 1.94% |
| State Bank Of India | 2.35% | 1.35% |
| Vodafone Idea Ltd. | 2.99% | 1.30% |
| Bajaj Finance Ltd. | 1.63% | 1.20% |
| Coal India Ltd. | 1.65% | 1.18% |
| Adani Power Ltd. | 1.10% | 1.43% |
| Infosys Ltd. | 0.96% | 1.25% |
| Cummins India Ltd. | 1.25% | 0.82% |
| Power Finance Corporation Ltd. | 1.51% | 0.80% |
| ITC Ltd. | 0.76% | 0.85% |
| Divi's Laboratories Ltd. | 0.75% | 0.96% |
| JSW Steel Ltd. | 0.92% | 0.74% |
| Adani Energy Solutions Ltd. | 1.31% | 0.72% |
| APL Apollo Tubes Ltd. | 1.37% | 0.61% |
| Maruti Suzuki India Ltd. | 0.61% | 0.66% |
| ICICI Bank Ltd. | 0.59% | 4.17% |
| Adani Green Energy Ltd. | 0.97% | 0.58% |
| Canara Bank | 1.23% | 0.55% |
| The Indian Hotels Company Ltd. | 0.96% | 0.52% |
| Lupin Ltd. | 0.51% | 0.59% |
| IDFC First Bank Ltd. | 0.69% | 0.47% |
| Kotak Mahindra Bank Ltd. | 0.48% | 0.47% |
| Hindalco Industries Ltd. | 0.46% | 1.31% |
| Varun Beverages Ltd. | 0.91% | 0.46% |
| Mahindra & Mahindra Ltd. | 0.52% | 0.46% |
| Ambuja Cements Ltd. | 0.85% | 0.44% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 0.43% |
| NMDC Ltd. | 0.75% | 0.41% |
| Hindustan Unilever Ltd. | 0.39% | 0.57% |
| COFORGE Ltd. | 0.37% | 0.78% |
| Bank Of Baroda | 0.37% | 0.69% |
| NTPC Ltd. | 0.37% | 0.64% |
| Samvardhana Motherson International Ltd. | 0.37% | 0.62% |
| Eicher Motors Ltd. | 0.36% | 0.40% |
| Yes Bank Ltd. | 0.35% | 0.56% |
| Steel Authority Of India Ltd. | 0.84% | 0.35% |
| Jindal Steel Ltd. | 0.35% | 0.41% |
| Jio Financial Services Ltd | 1.07% | 0.34% |
| Marico Ltd. | 0.39% | 0.34% |
| Indus Towers Ltd. | 0.33% | 0.65% |
| Adani Enterprises Ltd. | 0.63% | 0.32% |
| Biocon Ltd. | 0.34% | 0.32% |
| Hindustan Petroleum Corporation Ltd. | 0.31% | 0.44% |
| Titan Company Ltd. | 0.31% | 0.31% |
| Tata Consultancy Services Ltd. | 0.30% | 0.53% |
| Glenmark Pharmaceuticals Ltd. | 0.69% | 0.30% |
| Muthoot Finance Ltd. | 0.32% | 0.30% |
| Indian Oil Corporation Ltd. | 0.29% | 0.69% |
| Apollo Hospitals Enterprise Ltd. | 0.29% | 0.35% |
| Larsen & Toubro Ltd. | 0.49% | 0.29% |
| Alkem Laboratories Ltd. | 0.29% | 0.39% |
| HDFC Asset Management Company Ltd. | 0.46% | 0.28% |
| Bandhan Bank Ltd. | 0.46% | 0.27% |
| UPL Ltd. | 0.39% | 0.27% |
| JSW Energy Ltd | 0.32% | 0.27% |
| NABARD | 0.82% | 0.26% |
| Swiggy Ltd | 0.25% | 0.75% |
| Shriram Finance Ltd. | 0.25% | 0.59% |
| Tata Power Company Ltd. | 0.37% | 0.25% |
| Bajaj Finserv Ltd. | 0.31% | 0.25% |
| Tech Mahindra Ltd. | 0.24% | 0.69% |
| LIC Housing Finance Ltd. | 0.24% | 0.27% |
| Hindustan Aeronautics Ltd. | 0.24% | 0.35% |
| Aurobindo Pharma Ltd. | 0.23% | 0.39% |
| TVS Motor Company Ltd. | 0.23% | 0.94% |
| Crompton Greaves Consumer Electricals Ltd. | 0.32% | 0.23% |
| Fortis Healthcare Ltd. | 0.24% | 0.22% |
| Manappuram Finance Ltd. | 0.57% | 0.21% |
| Patanjali Foods Ltd. | 0.33% | 0.21% |
| Torrent Pharmaceuticals Ltd. | 0.21% | 0.63% |
| Life Insurance Corporation of India | 0.52% | 0.20% |
| Cipla Ltd. | 0.20% | 0.30% |
| Small Industries Development Bank Of India. | 0.68% | 0.19% |
| Bharat Heavy Electricals Ltd. | 1.35% | 0.18% |
| Punjab National Bank | 0.69% | 0.17% |
| Sun Pharmaceutical Industries Ltd. | 0.23% | 0.17% |
| Delhivery Ltd. | 0.17% | 0.36% |
| Ultratech Cement Ltd. | 0.30% | 0.16% |
| Laurus Labs Ltd. | 0.16% | 0.18% |
| Nestle India Ltd. | 0.15% | 0.25% |
| Tube Investments of India Ltd. | 0.15% | 0.32% |
| Bajaj Auto Ltd. | 0.15% | 0.52% |
| Hitachi Energy India Ltd. | 0.22% | 0.15% |
| HCL Technologies Ltd. | 0.18% | 0.15% |
| Interglobe Aviation Ltd. | 0.14% | 0.34% |
| KEI Industries Ltd. | 0.47% | 0.14% |
| Container Corporation Of India Ltd. | 0.25% | 0.14% |
| Vedanta Ltd. | 0.14% | 0.31% |
| Ge Vernova T&D India Ltd. | 0.13% | 0.55% |
| Eternal Ltd. | 0.17% | 0.13% |
| Godrej Properties Ltd. | 0.13% | 0.40% |
| Tata Consumer Products Ltd. | 0.12% | 0.67% |
| Bharat Electronics Ltd. | 0.89% | 0.12% |
| Ashok Leyland Ltd. | 0.12% | 0.35% |
| Oil & Natural Gas Corporation Ltd. | 0.13% | 0.11% |
| Central Depository Services (India) Ltd. | 0.10% | 0.12% |
| Bank Of India | 0.10% | 0.19% |
| HDFC Life Insurance Company Ltd. | 0.10% | 0.33% |
| Info Edge (India) Ltd. | 0.10% | 0.59% |
| One 97 Communications Ltd | 0.09% | 0.57% |
| Gmr Airports Ltd. | 0.21% | 0.09% |
| SBI Life Insurance Company Ltd. | 0.09% | 0.15% |
| Voltas Ltd. | 0.09% | 0.13% |
| Bharat Forge Ltd. | 0.08% | 0.36% |
| Grasim Industries Ltd. | 0.08% | 0.09% |
| Avenue Supermarts Ltd. | 0.09% | 0.08% |
| Asian Paints Ltd. | 0.08% | 0.08% |
| Aditya Birla Capital Ltd. | 0.08% | 0.30% |
| Kalyan Jewellers India Ltd. | 0.07% | 0.25% |
| Indian Energy Exchange Ltd. | 0.07% | 0.12% |
| BSE Ltd. | 0.07% | 0.12% |
| Max Financial Services Ltd. | 0.23% | 0.07% |
| Bank Of Baroda | 0.21% | 0.07% |
| Colgate - Palmolive (India) Ltd. | 0.11% | 0.07% |
| The Phoenix Mills Ltd. | 0.08% | 0.07% |
| Punjab National Bank | 0.07% | 0.13% |
| Pidilite Industries Ltd. | 0.06% | 0.08% |
| PB Fintech Ltd. | 0.06% | 0.67% |
| PNB Housing Finance Ltd. | 0.06% | 0.29% |
| Canara Bank | 0.20% | 0.06% |
| Trent Ltd. | 0.12% | 0.06% |
| National Aluminium Company Ltd. | 0.06% | 0.17% |
| Astral Ltd. | 0.06% | 0.19% |
| Cholamandalam Investment And Finance Company Ltd. | 0.06% | 0.88% |
| Union Bank Of India | 0.04% | 0.25% |
| Mphasis Ltd. | 0.04% | 0.27% |
| Suzlon Energy Ltd. | 0.04% | 0.22% |
| Solar Industries India Ltd. | 0.22% | 0.04% |
| Adani Ports and Special Economic Zone Ltd. | 0.12% | 0.04% |
| Inox Wind Ltd. | 0.07% | 0.04% |
| ABB India Ltd. | 0.05% | 0.04% |
| MAX Healthcare Institute Ltd | 0.05% | 0.04% |
| GAIL (India) Ltd. | 0.04% | 0.44% |
| Hindustan Zinc Ltd. | 0.04% | 0.52% |
| Polycab India Ltd. | 0.03% | 0.04% |
| Canara Bank | 0.14% | 0.03% |
| NBCC (India) Ltd. | 0.03% | 0.06% |
| SRF Ltd. | 0.03% | 0.22% |
| Bharat Petroleum Corporation Ltd. | 0.03% | 0.44% |
| Sagility India Ltd | 0.02% | 0.16% |
| Pg Electroplast Ltd. | 0.02% | 0.14% |
| KPIT Technologies Ltd | 0.02% | 0.04% |
| CG Power and Industrial Solutions Ltd. | 0.05% | 0.02% |
| Lodha Developers Ltd | 0.03% | 0.02% |
| Radico Khaitan Ltd. | 0.02% | 0.24% |
| Bosch Ltd. | 0.02% | 0.11% |
| Computer Age Management Services Ltd. | 0.02% | 0.12% |
| Oberoi Realty Ltd. | 0.02% | 0.05% |
| Bajaj Holdings & Investment Ltd. | 0.02% | 0.05% |
| Supreme Industries Ltd. | 0.01% | 0.13% |
| Angel One Ltd. | 0.01% | 0.13% |
| United Spirits Ltd. | 0.01% | 0.09% |
| Amber Enterprises India Ltd. | 0.01% | 0.03% |
| Page Industries Ltd. | 0.01% | 0.12% |
| Godrej Consumer Products Ltd. | 0.09% | 0.01% |
| Dabur India Ltd. | 0.09% | 0.01% |
| Hero Motocorp Ltd. | 0.06% | 0.01% |
| Vishal Mega Mart Ltd. | 0.05% | 0.01% |
| FSN E-Commerce Ventures Ltd. | 0.01% | 0.04% |
| Persistent Systems Ltd. | 0.01% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.6% means 50.6% 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 ICICI Prudential Arbitrage Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Money Market Fund - Direct Plan - Growth | 14.97% |
| Union Bank Of India | 1.92% |
| Union Bank Of India | 1.78% |
| Small Industries Development Bank Of India. | 1.10% |
| Multi Commodity Exchange Of India Ltd. | 0.89% |
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 | ICICI Prudential Arbitrage | Kotak Arbitrage |
|---|---|---|
| Equity | 71.1% | 71.1% |
| Debt | 11.9% | 5.8% |
| Cash and others | 17.0% | 23.1% |
Market cap of stocks
| Market cap | ICICI Prudential Arbitrage | Kotak Arbitrage |
|---|---|---|
| Large Cap | 54.2% | 52.1% |
| Mid Cap | 14.7% | 16.4% |
| Small Cap | 2.2% | 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 | ICICI Prudential Arbitrage | Kotak Arbitrage |
|---|---|---|
| Banks | 14.4% | 14.4% |
| Finance | 6.1% | 5.7% |
| Telecom - Services | 5.4% | 3.4% |
| Petroleum Products | 5.1% | 4.6% |
| Power | 4.5% | 3.9% |
| Pharmaceuticals and Biotechnology | 0.0% | 4.2% |
| IT - Software | 0.0% | 3.8% |
| Pharmaceuticals & Biotechnology | 3.7% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Arbitrage vs Kotak Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Arbitrage Fund | Kotak Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.63% | 2.31% |
| Base expense ratio (Direct) | 0.34% | 0.33% |
| Total expense ratio (Regular) | 2.16% | 2.89% |
| Base expense ratio (Regular) | 0.79% | 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 ICICI Prudential Arbitrage with
ICICI Prudential Arbitrage Fund vs Kotak Arbitrage Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Arbitrage Fund and Kotak Arbitrage Fund?
Both are Arbitrage funds, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 50.6%. ICICI Prudential Arbitrage Fund charges 1.63% a year and Kotak Arbitrage Fund 2.31%.
Which has given higher returns, ICICI Prudential Arbitrage Fund or Kotak Arbitrage Fund?
Over 1 year: ICICI Prudential Arbitrage Fund +6.62%, Kotak Arbitrage Fund +6.75%. Over 3 years: ICICI Prudential Arbitrage Fund +7.27% a year, Kotak Arbitrage Fund +7.43% a year. Over 5 years: ICICI Prudential Arbitrage Fund +6.77% 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, ICICI Prudential Arbitrage Fund or Kotak Arbitrage Fund?
ICICI Prudential Arbitrage Fund charges less: 1.63% a year against 2.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Arbitrage Fund and Kotak Arbitrage Fund overlap?
50.6%. They hold 165 of the same securities, the largest shared ones being RELIANCE, AXISBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential 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 ₹7,31,362 in ICICI Prudential Arbitrage Fund (XIRR 7.1% 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 ICICI Prudential Arbitrage Fund and Kotak Arbitrage Fund?
Yes. 50.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ICICI Prudential Arbitrage Fund and Kotak Arbitrage Fund?
ICICI Prudential Arbitrage Fund: Archana Nair, Nikhil Kabra, Ajaykumar Solanki, Darshil Dedhia. 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.