Invesco India Arbitrage Fund vs Nippon India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Arbitrage Fund and Nippon India Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, Invesco India Arbitrage Fund (Direct) returned 7.5% a year and Nippon India Arbitrage Fund (Direct) returned 7.3% a year. Invesco India Arbitrage Fund charges 2.20% a year and Nippon India Arbitrage Fund 1.35% (Direct plans). Their portfolios overlap 49.3%: they hold 154 of the same securities.
Invesco India Arbitrage Fund
Arbitrage
- 3 year return
- 7.5%
- Expense ratio
- 2.20%
- NAV
- ₹37.63
Nippon India Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.35%
- NAV
- ₹31.21
Which is better, Invesco India Arbitrage or Nippon 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 6.8%.
- Invesco India Arbitrage returned more over 3 years: 7.5% a year against 7.3%.
- Nippon India Arbitrage costs less: 1.35% a year against 2.20% (Direct plans).
- Nippon 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 03-01-2013: −0.5% against −0.6%.
- Invesco India Arbitrage is the larger fund: ₹30,396 Cr against ₹17,216 Cr.
- Their portfolios overlap 49.3%: 154 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 | Invesco India Arbitrage Fund | Nippon India Arbitrage Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Nippon India Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹30,396 Cr (30-09-2026) | ₹17,216 Cr (30-09-2026) |
| NAV | ₹37.63 (Direct) | ₹31.21 (Direct) |
| Expense ratio (Direct) | 2.20% | 1.35% |
| Expense ratio (Regular) | 2.87% | 2.04% |
| Riskometer | Low | Not available |
| Benchmark | Nifty 50 Arbitrage Index | Not available |
| Launch date | 30-04-2007 | Not available |
| Minimum investment | Not available | Not available |
| Lock in | None | Not available |
| Fund managers | Deepak Gupta, Pradeep Sukte | Not available |
| Exit load | Exit load of 0.50% if redeemed within 15 days | Not available |
Invesco India Arbitrage vs Nippon 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Arbitrage Fund (Direct) | +0.63% | +1.62% | +3.40% | +6.88% | +7.46% | +7.14% | +6.46% |
| Nippon India Arbitrage Fund (Direct) | +0.52% | +1.54% | +3.29% | +6.71% | +7.28% | +6.83% | +6.47% |
| 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.
Invesco India Arbitrage vs Nippon India Arbitrage: Year-wise Returns
| Year | InvescoInvesco India Arbitrage | NipponNippon India Arbitrage |
|---|---|---|
| 2026to date | +5.60% | +5.47% |
| 2025 | +7.17% | +6.94% |
| 2024 | +8.32% | +8.23% |
| 2023 | +8.07% | +7.85% |
| 2022 | +5.85% | +4.94% |
| 2021 | +4.15% | +4.54% |
Invesco India Arbitrage vs Nippon India Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 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.
Invesco India Arbitrage Fund (Direct)
Nippon India 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Arbitrage | 0.0 | 5.2 | 94.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.6% | 4.8% | 8.6% |
| Nippon India Arbitrage | 0.0 | 9.3 | 90.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 6.9% | 4.6% | 9.0% |
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 03-01-2013. Past returns do not promise future returns.
Invesco India Arbitrage vs Nippon 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India ArbitrageInvesco India Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,92,668 | ₹10,32,668 | 6.7% |
| Nippon India ArbitrageNippon India Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,86,329 | ₹10,26,329 | 6.7% |
Invesco India ArbitrageInvesco India Arbitrage Fund (Direct)
Nippon India ArbitrageNippon 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.
Invesco India Arbitrage vs Nippon India Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.88% | +6.71% |
| Standard deviation | 1.35% | 1.33% |
| Sharpe ratio | 1.21 | 1.10 |
| Sortino ratio | 1.82 | 1.71 |
| 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 | Invesco India Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.46% | +7.28% |
| Standard deviation | 1.09% | 1.06% |
| Sharpe ratio | 1.32 | 1.18 |
| Sortino ratio | 2.01 | 1.81 |
| 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 | Invesco India Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.14% | +6.83% |
| Standard deviation | 1.00% | 0.98% |
| Sharpe ratio | 1.34 | 1.05 |
| Sortino ratio | 2.05 | 1.61 |
| 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 | Invesco India Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.95% | +7.06% |
| Standard deviation | 1.04% | 1.07% |
| Sharpe ratio | 0.87 | 0.95 |
| Sortino ratio | 1.29 | 1.44 |
| Maximum drawdown | −0.5% (03-06-2020) | −0.6% (25-03-2020) |
| 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.
Invesco India Arbitrage Fund (Direct)
Nippon India Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Arbitrage Fund (Direct) | −0.5% | 29-05-2020 | 03-06-2020 | 30-06-2020 | 27 days | −0.0% |
| Nippon India Arbitrage Fund (Direct) | −0.6% | 16-03-2020 | 25-03-2020 | 31-03-2020 | 6 days | −0.0% |
From daily values since 03-01-2013, 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.
Invesco India Arbitrage Fund (Direct)
Nippon 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.
Invesco India Arbitrage Fund (Direct)
Nippon 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.
Invesco India Arbitrage Fund (Direct)
Nippon India Arbitrage Fund (Direct)
Invesco India Arbitrage vs Nippon India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Arbitrage Fund, September 2026; Nippon India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 49.3%
- Held by both
- 154
- Only in Invesco India Arbitrage
- 40
- Only in Nippon India Arbitrage
- 15
| Security | % of Invesco India Arbitrage | % of Nippon India Arbitrage |
|---|---|---|
| HDFC Bank Limited | 5.58% | 4.62% |
| ICICI Bank Limited | 4.55% | 4.21% |
| Reliance Industries Limited | 3.48% | 4.83% |
| Axis Bank Limited | 2.20% | 2.45% |
| State Bank of India | 1.99% | 2.02% |
| Tata Steel Limited | 1.57% | 1.35% |
| Vodafone Idea Limited | 2.20% | 1.34% |
| Canara Bank | 1.52% | 1.17% |
| Jio Financial Services Limited | 1.46% | 1.03% |
| Coal India Limited | 1.47% | 0.92% |
| Bharti Airtel Limited | 2.16% | 0.91% |
| Ambuja Cements Limited | 1.26% | 0.77% |
| Cummins India Limited | 0.77% | 0.76% |
| Infosys Limited | 1.01% | 0.68% |
| Indus Towers Limited | 0.77% | 0.60% |
| APL Apollo Tubes Limited | 1.77% | 0.56% |
| Manappuram Finance Limited | 0.53% | 0.86% |
| NMDC Limited | 0.71% | 0.52% |
| Kotak Mahindra Bank Ltd | 0.52% | 1.09% |
| Yes Bank Limited | 1.38% | 0.50% |
| Punjab National Bank | 1.03% | 0.47% |
| ITC Limited | 0.61% | 0.46% |
| Bank of Baroda | 0.50% | 0.45% |
| The Federal Bank Limited | 0.78% | 0.44% |
| Life Insurance Corporation Of India | 0.43% | 0.47% |
| Small Industries Dev Bank of India 2027 | 0.64% | 0.42% |
| IDFC First Bank Limited | 1.77% | 0.41% |
| The Indian Hotels Company Limited | 0.60% | 0.38% |
| Patanjali Foods Limited | 0.48% | 0.38% |
| Godrej Properties Limited | 0.45% | 0.38% |
| Marico Limited | 0.38% | 0.45% |
| Maruti Suzuki India Limited | 0.37% | 1.42% |
| Hindustan Unilever Limited | 0.78% | 0.36% |
| Coforge Limited | 0.46% | 0.36% |
| Hindustan Zinc Limited | 0.35% | 0.46% |
| Varun Beverages Ltd | 0.80% | 0.33% |
| Biocon Limited | 0.64% | 0.33% |
| Crompton Greaves Consumer Electricals Limited | 0.55% | 0.33% |
| Divi's Laboratories Limited | 1.08% | 0.32% |
| Indian Oil Corporation Limited | 0.60% | 0.32% |
| GE Vernova T&D India Limited | 0.58% | 0.32% |
| Tata Consumer Products Limited | 0.36% | 0.32% |
| Bajaj Finance Ltd | 0.32% | 1.71% |
| Adani Enterprises Limited | 0.32% | 1.32% |
| Power Finance Corporation Limited | 1.77% | 0.30% |
| Adani Power Limited | 2.11% | 0.29% |
| Container Corporation of India Limited | 0.58% | 0.27% |
| Fortis Healthcare Limited | 0.31% | 0.26% |
| Bandhan Bank Limited | 0.25% | 0.31% |
| HDFC Asset Management Company Limited | 0.32% | 0.24% |
| Bharat Heavy Electricals Limited | 0.24% | 0.44% |
| Mahindra & Mahindra Limited | 0.23% | 0.51% |
| TVS Motor Company Limited | 0.23% | 0.72% |
| Info Edge India Ltd | 0.23% | 0.56% |
| NTPC Limited | 0.24% | 0.22% |
| Hindalco Industries Limited | 0.22% | 0.76% |
| Steel Authority of India Limited | 0.22% | 1.11% |
| Tata Power Company Limited | 0.21% | 0.22% |
| Muthoot Finance Limited | 0.21% | 0.37% |
| Adani Energy Solutions Limited | 0.21% | 1.04% |
| Tata Motors Passenger Vehicles Limited | 0.55% | 0.20% |
| One 97 Communications Limited | 0.20% | 0.49% |
| LIC Housing Finance Limited | 0.64% | 0.19% |
| Eicher Motors Limited | 0.19% | 0.48% |
| Alkem Laboratories Limited | 0.19% | 0.23% |
| AU Small Finance Bank Limited | 0.19% | 0.96% |
| Ashok Leyland Limited | 0.20% | 0.18% |
| Asian Paints Limited | 0.18% | 0.33% |
| HDFC Life Insurance Company Limited | 0.18% | 0.26% |
| Glenmark Pharmaceuticals Limited | 0.18% | 0.95% |
| Small Industries Dev Bank of India 2027 | 0.96% | 0.17% |
| HCL Technologies Limited | 0.61% | 0.17% |
| Laurus Labs Limited | 0.19% | 0.16% |
| Torrent Pharmaceuticals Limited | 0.40% | 0.14% |
| PNB Housing Finance Limited | 0.39% | 0.14% |
| RBL Bank Limited | 0.38% | 0.14% |
| Delhivery Limited | 0.31% | 0.14% |
| Voltas Limited | 0.18% | 0.14% |
| Bank of India | 0.26% | 0.13% |
| Aurobindo Pharma Limited | 0.16% | 0.13% |
| Titan Company Limited | 0.14% | 0.13% |
| Cholamandalam Investment and Finance Company Limited | 0.13% | 0.18% |
| Hindustan Aeronautics Limited | 0.28% | 0.12% |
| JSW Energy Limited | 0.18% | 0.12% |
| Aditya Birla Capital Limited | 0.17% | 0.12% |
| Larsen & Toubro Limited | 0.12% | 1.31% |
| Bharat Petroleum Corporation Limited | 0.12% | 0.13% |
| Supreme Industries Limited | 0.12% | 0.30% |
| Tata Consultancy Services Limited | 0.67% | 0.11% |
| Bajaj Auto Limited | 0.31% | 0.11% |
| Sagility Limited | 0.13% | 0.11% |
| Kalyan Jewellers India Limited | 0.11% | 0.26% |
| Adani Green Energy Limited | 0.11% | 0.46% |
| Shriram Finance Limited | 0.22% | 0.10% |
| InterGlobe Aviation Limited | 0.16% | 0.10% |
| The Phoenix Mills Limited | 0.13% | 0.10% |
| Hitachi Energy India Limited | 0.10% | 0.15% |
| Union Bank of India | 0.32% | 0.09% |
| PG Electroplast Limited | 0.28% | 0.09% |
| ICICI Lombard General Insurance Company Limited | 0.18% | 0.09% |
| Oil & Natural Gas Corporation Limited | 0.09% | 0.10% |
| Bosch Limited | 0.09% | 0.23% |
| Swiggy Limited | 0.34% | 0.08% |
| Lupin Limited | 0.30% | 0.08% |
| SBI Cards and Payment Services Limited | 0.10% | 0.08% |
| NBCC (India) Limited | 0.09% | 0.08% |
| JSW Steel Limited | 0.08% | 1.81% |
| SBI Life Insurance Company Limited | 0.08% | 0.27% |
| UltraTech Cement Limited | 0.08% | 0.45% |
| Samvardhana Motherson International Limited | 0.30% | 0.07% |
| Bharat Electronics Limited | 0.21% | 0.07% |
| SRF Limited | 0.09% | 0.07% |
| Colgate Palmolive (India) Limited | 0.25% | 0.06% |
| Nestle India Limited | 0.13% | 0.06% |
| Bajaj Finserv Limited | 0.06% | 0.08% |
| Jindal Steel Limited | 0.39% | 0.05% |
| Tech Mahindra Limited | 0.34% | 0.05% |
| Bharat Forge Limited | 0.33% | 0.05% |
| Vedanta Limited | 0.18% | 0.05% |
| Inox Wind Limited | 0.14% | 0.05% |
| GAIL (India) Limited | 0.12% | 0.05% |
| Bajaj Holdings & Investment Limited | 0.09% | 0.05% |
| Bank of Maharashtra | 0.05% | 0.06% |
| Suzlon Energy Limited | 0.24% | 0.04% |
| KPIT Technologies Limited | 0.09% | 0.04% |
| Tube Investments Of India Limited | 0.09% | 0.04% |
| Sun Pharmaceutical Industries Limited | 0.04% | 0.41% |
| Grasim Industries Limited | 0.04% | 0.31% |
| Apollo Hospitals Enterprise Limited | 0.04% | 0.14% |
| Adani Ports and Special Economic Zone Limited | 0.04% | 0.06% |
| PB Fintech Limited | 0.52% | 0.03% |
| FSN E-Commerce Ventures Limited | 0.34% | 0.03% |
| Hindustan Petroleum Corporation Limited | 0.21% | 0.03% |
| Radico Khaitan Limited | 0.13% | 0.03% |
| Page Industries Limited | 0.06% | 0.03% |
| Dabur India Limited | 0.03% | 0.08% |
| Cipla Limited | 0.03% | 0.29% |
| IndusInd Bank Limited | 0.03% | 0.60% |
| Solar Industries India Limited | 0.03% | 0.19% |
| Eternal Limited | 0.03% | 0.15% |
| Trent Limited | 0.03% | 0.10% |
| National Aluminium Company Limited | 0.09% | 0.02% |
| CG Power and Industrial Solutions Limited | 0.03% | 0.02% |
| Polycab India Limited | 0.02% | 0.02% |
| Angel One Limited | 0.02% | 0.07% |
| Prestige Estates Projects Limited | 0.02% | 0.05% |
| MphasiS Limited | 0.32% | 0.01% |
| Oberoi Realty Limited | 0.29% | 0.01% |
| UPL Limited | 0.27% | 0.01% |
| GMR Airports Limited | 0.06% | 0.01% |
| United Spirits Limited | 0.05% | 0.01% |
| Hero MotoCorp Limited | 0.01% | 0.20% |
| Avenue Supermarts Limited | 0.01% | 0.03% |
| Lodha Developers Limited | 0.01% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.3% means 49.3% 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 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% |
| Multi Commodity Exchange of India Limited | 1.55% |
| HDFC Bank Limited 2027 | 1.28% |
| Bank of Baroda 2027 | 0.96% |
Largest holdings only in Nippon India Arbitrage Fund
| Security | % of fund |
|---|---|
| Nippon India Money Market Fund Dir Pl-Growth-Gr Op | 15.46% |
| Nippon India Ultra Short Term Fund- Dr Gr Op | 8.14% |
| Small Industries Dev Bank of India | 1.14% |
| National Bank For Agriculture and Rural Development | 0.84% |
| HDFC Bank Limited | 0.66% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Equity | 79.6% | 68.0% |
| Debt | 5.8% | 4.4% |
| Cash and others | 14.6% | 27.6% |
Market cap of stocks
| Market cap | Invesco India Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Large Cap | 53.9% | 51.7% |
| Mid Cap | 20.6% | 13.7% |
| Small Cap | 5.0% | 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 | Invesco India Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Banks | 23.3% | 20.1% |
| Finance | 6.1% | 5.2% |
| Petroleum Products | 4.4% | 5.3% |
| Telecom - Services | 5.1% | 2.9% |
| Ferrous Metals | 2.3% | 4.3% |
| Automobiles | 1.9% | 3.7% |
| IT - Software | 3.6% | 1.4% |
| Pharmaceuticals & Biotechnology | 3.2% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Arbitrage vs Nippon India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Arbitrage Fund | Nippon India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.20% | 1.35% |
| Base expense ratio (Direct) | 0.34% | 0.31% |
| Total expense ratio (Regular) | 2.87% | 2.04% |
| Base expense ratio (Regular) | 0.91% | 0.90% |
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 Invesco India Arbitrage with
Invesco India Arbitrage Fund vs Nippon India Arbitrage Fund: Frequently Asked Questions
What is the difference between Invesco India Arbitrage Fund and Nippon India Arbitrage Fund?
Both are Arbitrage funds, run by Invesco Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 49.3%. Invesco India Arbitrage Fund charges 2.20% a year and Nippon India Arbitrage Fund 1.35%.
Which has given higher returns, Invesco India Arbitrage Fund or Nippon India Arbitrage Fund?
Over 1 year: Invesco India Arbitrage Fund +6.88%, Nippon India Arbitrage Fund +6.71%. Over 3 years: Invesco India Arbitrage Fund +7.46% a year, Nippon India Arbitrage Fund +7.28% a year. Over 5 years: Invesco India Arbitrage Fund +7.14% a year, Nippon India Arbitrage Fund +6.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Arbitrage Fund or Nippon India Arbitrage Fund?
Nippon India Arbitrage Fund charges less: 1.35% a year against 2.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Arbitrage Fund and Nippon India Arbitrage Fund overlap?
49.3%. They hold 154 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Invesco India Arbitrage Fund or Nippon India Arbitrage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,35,975 in Invesco India Arbitrage Fund (XIRR 7.3% a year) and ₹7,31,798 in Nippon India Arbitrage Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Arbitrage Fund and Nippon India Arbitrage Fund?
Yes. 49.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.