Kotak Arbitrage Fund vs Mirae Asset Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Arbitrage Fund and Mirae Asset Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, Kotak Arbitrage Fund (Direct) returned 7.4% a year and Mirae Asset Arbitrage Fund (Direct) returned 7.3% a year. Kotak Arbitrage Fund charges 2.31% a year and Mirae Asset Arbitrage Fund 2.48% (Direct plans). Their portfolios overlap 41.7%: they hold 168 of the same securities.
Mirae Asset Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 2.48%
- NAV
- ₹14.71
Which is better, Kotak Arbitrage or Mirae Asset 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%.
- Kotak Arbitrage costs less: 2.31% a year against 2.48% (Direct plans).
- Kotak Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.2%.
- Mirae Asset Arbitrage fell less in its worst fall since 22-06-2020: −0.4% against −0.5%.
- Kotak Arbitrage holds more in large companies: 52.1% of the fund in large caps against 37.6%.
- Kotak Arbitrage is the larger fund: ₹75,275 Cr against ₹3,571 Cr.
- Their portfolios overlap 41.7%: 168 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 | Kotak Arbitrage Fund | Mirae Asset Arbitrage Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹75,275 Cr (30-09-2026) | ₹3,571 Cr (30-09-2026) |
| NAV | ₹43.60 (Direct) | ₹14.71 (Direct) |
| Expense ratio (Direct) | 2.31% | 2.48% |
| Expense ratio (Regular) | 2.89% | 3.25% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage Index |
| Launch date | 29-09-2005 | 19-06-2020 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Hiten Shah | Jignesh Rao, Jigar Sethia, Pranavi Kulkarni |
| Exit load | Exit load of 0.25% if redeemed within 30 days | Exit Load : 0.25% If Redeemed or Switched Out within 15 days from the date of allotment. Nil after 15 Days. |
Kotak Arbitrage vs Mirae Asset 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 |
|---|---|---|---|---|---|---|---|
| Kotak Arbitrage Fund (Direct) | +0.55% | +1.55% | +3.29% | +6.75% | +7.43% | +6.98% | +6.46% |
| Mirae Asset Arbitrage Fund (Direct) | +0.62% | +1.57% | +3.33% | +6.73% | +7.35% | +6.82% | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Kotak Arbitrage vs Mirae Asset Arbitrage: Year-wise Returns
| Year | KotakKotak Arbitrage | Mirae AssetMirae Asset Arbitrage |
|---|---|---|
| 2026to date | +5.53% | +5.52% |
| 2025 | +7.06% | +6.99% |
| 2024 | +8.47% | +8.36% |
| 2023 | +8.01% | +7.82% |
| 2022 | +5.14% | +4.84% |
| 2021 | +4.56% | +4.19% |
Kotak Arbitrage vs Mirae Asset Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 825 of them, one for each trading day from 22-06-2023 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.
Kotak Arbitrage Fund (Direct)
Mirae Asset Arbitrage Fund (Direct)
to
Sept 2023Apr 2021
to
Apr 2024Nov 2021
to
Nov 2024Jun 2022
to
Jun 2025Jan 2023
to
Jan 2026Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.3% | 5.1% | 8.0% |
| Mirae Asset Arbitrage | 0.0 | 1.3 | 98.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 7.1% | 4.9% | 7.8% |
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 22-06-2020. Past returns do not promise future returns.
Kotak Arbitrage vs Mirae Asset 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 01-06-2020 to 30-10-2026: 77 instalments, ₹7,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak ArbitrageKotak Arbitrage Fund (Direct) | ₹7,70,000 | ₹9,66,627 | ₹1,96,627 | 7.0% |
| Mirae Asset ArbitrageMirae Asset Arbitrage Fund (Direct) | ₹7,70,000 | ₹9,62,712 | ₹1,92,712 | 6.9% |
Kotak ArbitrageKotak Arbitrage Fund (Direct)
Mirae Asset ArbitrageMirae Asset 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.
Kotak Arbitrage vs Mirae Asset Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Arbitrage Fund (Direct) | Mirae Asset Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.73% |
| Standard deviation | 1.38% | 1.45% |
| Sharpe ratio | 1.09 | 1.02 |
| Sortino ratio | 1.65 | 1.53 |
| 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 | Kotak Arbitrage Fund (Direct) | Mirae Asset Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.43% | +7.35% |
| Standard deviation | 1.10% | 1.16% |
| Sharpe ratio | 1.28 | 1.14 |
| Sortino ratio | 1.96 | 1.73 |
| 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 | Kotak Arbitrage Fund (Direct) | Mirae Asset Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.98% | +6.82% |
| Standard deviation | 1.01% | 1.06% |
| Sharpe ratio | 1.16 | 0.96 |
| Sortino ratio | 1.78 | 1.46 |
| 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 | Kotak Arbitrage Fund (Direct) | Mirae Asset Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.07% | +6.25% |
| Standard deviation | 1.02% | 1.03% |
| Sharpe ratio | 1.00 | 0.99 |
| Sortino ratio | 1.52 | 1.49 |
| Maximum drawdown | −0.6% (03-06-2020) | −0.4% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-01-2013 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.
Kotak Arbitrage Fund (Direct)
Mirae Asset Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 24-08-2026 | 18 days | −0.0% |
| Mirae Asset Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 06-08-2026 | 31-08-2026 | 25 days | −0.0% |
From daily values since 22-06-2020, 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.
Kotak Arbitrage Fund (Direct)
Mirae Asset 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.
Kotak Arbitrage Fund (Direct)
Mirae Asset 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.
Kotak Arbitrage Fund (Direct)
Mirae Asset Arbitrage Fund (Direct)
Kotak Arbitrage vs Mirae Asset Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Arbitrage Fund, September 2026; Mirae Asset Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 41.7%
- Held by both
- 168
- Only in Kotak Arbitrage
- 26
- Only in Mirae Asset Arbitrage
- 28
| Security | % of Kotak Arbitrage | % of Mirae Asset Arbitrage |
|---|---|---|
| Infosys Ltd. | 1.25% | 0.90% |
| RELIANCE INDUSTRIES LTD. | 3.06% | 0.83% |
| Cummins India Ltd. | 0.82% | 0.72% |
| ICICI BANK LTD. | 4.17% | 0.71% |
| STATE BANK OF INDIA. | 1.35% | 0.66% |
| Maruti Suzuki India Limited | 0.66% | 0.74% |
| TVS Motor Company Ltd. | 0.94% | 0.62% |
| APL Apollo Tubes Ltd | 0.61% | 0.92% |
| Divis Laboratories Ltd. | 0.96% | 0.61% |
| AXIS BANK LTD. | 2.94% | 0.60% |
| Info Edge India Ltd. | 0.59% | 0.64% |
| BAJAJ FINANCE LTD. | 1.20% | 0.56% |
| BHARTI AIRTEL LTD. | 1.45% | 0.54% |
| JSW Steel Ltd. | 0.74% | 0.53% |
| TATA CONSULTANCY SERVICES LTD. | 0.53% | 0.84% |
| Tata Steel Ltd. | 1.53% | 0.52% |
| Coal India Limited | 1.18% | 0.48% |
| HDFC BANK LTD. | 2.03% | 0.46% |
| Mahindra & Mahindra Ltd. | 0.46% | 0.55% |
| One 97 Communications Ltd | 0.57% | 0.45% |
| NTPC LTD | 0.64% | 0.45% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.44% | 0.63% |
| GAIL (India) Ltd. | 0.44% | 0.44% |
| Hindustan Unilever Ltd. | 0.57% | 0.44% |
| Vodafone Idea Ltd | 1.30% | 0.43% |
| ITC Ltd. | 0.85% | 0.41% |
| NMDC Ltd. | 0.41% | 0.55% |
| Coforge Limited | 0.78% | 0.41% |
| CANARA BANK | 0.55% | 0.40% |
| SWIGGY LTD | 0.75% | 0.40% |
| GODREJ PROPERTIES LIMITED | 0.40% | 0.53% |
| Eicher Motors Ltd. | 0.40% | 0.39% |
| Aurobindo Pharma Ltd. | 0.39% | 0.67% |
| Lupin Ltd. | 0.59% | 0.39% |
| BANK OF BARODA | 0.69% | 0.39% |
| Adani Green Energy Ltd. | 0.58% | 0.38% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 0.44% | 0.38% |
| TATA CONSUMER PRODUCTS LTD. | 0.67% | 0.37% |
| ADANI ENERGY SOLUTIONS LTD. | 0.72% | 0.37% |
| Alkem Laboratories Ltd. | 0.39% | 0.36% |
| DELHIVERY LTD | 0.36% | 0.62% |
| BHARAT FORGE LTD. | 0.36% | 0.55% |
| PB Fintech Ltd. | 0.67% | 0.36% |
| INDIAN HOTELS CO LTD | 0.52% | 0.35% |
| Ashok Leyland Ltd. | 0.35% | 0.59% |
| Apollo Hospitals Enterprise Ltd. | 0.35% | 0.35% |
| Hindalco Industries Ltd. | 1.31% | 0.34% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 0.88% | 0.34% |
| MARICO LTD. | 0.34% | 0.40% |
| Inter Globe Aviation Ltd | 0.34% | 0.61% |
| BIOCON LTD. | 0.32% | 0.42% |
| Adani Enterprises Ltd | 0.32% | 0.36% |
| Tube Investments Of India Ltd. | 0.32% | 0.38% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 0.62% | 0.32% |
| Indus Towers Ltd. | 0.65% | 0.31% |
| VEDANTA LTD. | 0.31% | 0.71% |
| TITAN COMPANY LTD. | 0.31% | 0.54% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.43% | 0.30% |
| HDFC Life Insurance Company Ltd | 0.33% | 0.30% |
| MUTHOOT FINANCE LTD. | 0.30% | 0.45% |
| ADITYA BIRLA CAPITAL LTD | 0.30% | 0.33% |
| Glenmark Pharmaceuticals Ltd | 0.30% | 0.46% |
| Hindustan Zinc Ltd. | 0.52% | 0.30% |
| Larsen and Toubro Ltd. | 0.29% | 1.78% |
| PNB HOUSING FINANCE LTD. | 0.29% | 0.35% |
| Tech Mahindra Ltd. | 0.69% | 0.28% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.28% | 0.37% |
| GE VERNOVA T&D INDIA LIMITED | 0.55% | 0.28% |
| Varun Beverages Limited | 0.46% | 0.28% |
| INDIAN OIL CORPORATION LTD. | 0.69% | 0.28% |
| JIO FINANCIAL SERVICES LTD | 0.34% | 0.28% |
| Bajaj Auto Ltd. | 0.52% | 0.27% |
| TORRENT PHARMACEUTICALS LTD. | 0.63% | 0.27% |
| LIC HOUSING FINANCE LTD. | 0.27% | 0.73% |
| JSW ENERGY LTD. | 0.27% | 0.43% |
| Mphasis Ltd | 0.27% | 0.34% |
| BANDHAN BANK LIMITED | 0.27% | 0.43% |
| UPL Ltd | 0.27% | 0.30% |
| AMBUJA CEMENTS LTD. | 0.44% | 0.25% |
| Nestle India Ltd. | 0.25% | 0.34% |
| KALYAN JEWELLERS INDIA LTD. | 0.25% | 0.75% |
| UNION BANK OF INDIA | 0.25% | 0.25% |
| Bajaj Finserv Ltd. | 0.25% | 0.31% |
| Power Finance Corporation Ltd. | 0.80% | 0.24% |
| Radico Khaitan Ltd. | 0.24% | 0.58% |
| ADANI POWER LTD | 1.43% | 0.24% |
| Crompton Greaves Consumer Electricals Limited | 0.23% | 0.25% |
| YES BANK LTD. | 0.56% | 0.22% |
| Fortis Healthcare India Ltd | 0.22% | 0.36% |
| SRF LTD. | 0.22% | 0.53% |
| IDFC FIRST BANK LIMITED | 0.47% | 0.22% |
| Ruchi Soya Industries Ltd. | 0.21% | 0.68% |
| Suzlon Energy Ltd. | 0.22% | 0.21% |
| Life Insurance Corporation Of India | 0.20% | 0.72% |
| ASTRAL LTD. | 0.19% | 0.43% |
| BANK OF INDIA | 0.19% | 0.20% |
| Laurus Labs Ltd | 0.18% | 0.44% |
| Tata Power Company Ltd. | 0.25% | 0.18% |
| Hindustan Aeronautics Ltd. | 0.35% | 0.17% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.17% | 0.55% |
| National Aluminium Company Ltd. | 0.17% | 0.43% |
| PUNJAB NATIONAL BANK | 0.17% | 0.34% |
| Bharat Heavy Electricals Ltd. | 0.18% | 0.17% |
| SAGILITY INDIA LTD. | 0.16% | 0.29% |
| Ultratech Cement Ltd. | 0.16% | 0.49% |
| SBI CARDS & PAYMENT SERVICES PVT. LTD. | 0.15% | 0.28% |
| HITACHI ENERGY INDIA LTD. | 0.15% | 0.40% |
| SBI Life Insurance Company Ltd | 0.15% | 0.40% |
| Container Corporation of India Ltd. | 0.14% | 0.21% |
| PG ELECTROPLAST LTD | 0.14% | 0.56% |
| KEI Industries Ltd. | 0.14% | 0.27% |
| Supreme Industries Limited | 0.13% | 0.22% |
| Voltas Ltd. | 0.13% | 0.35% |
| ANGEL ONE LIMITED | 0.13% | 0.77% |
| ETERNAL LIMITED | 0.13% | 0.26% |
| Indian Energy Exchange Ltd. | 0.12% | 0.28% |
| BSE LTD | 0.12% | 0.91% |
| BANK OF MAHARASHTRA | 0.12% | 0.31% |
| Computer Age Management Services Limited | 0.12% | 0.47% |
| Central Depository Services (India) Ltd | 0.12% | 0.48% |
| Page Industries Ltd | 0.12% | 0.27% |
| Oil And Natural Gas Corporation Ltd. | 0.11% | 0.41% |
| Bosch Limited | 0.11% | 0.39% |
| INDIAN BANK | 0.13% | 0.09% |
| Manappuram Finance Ltd. | 0.21% | 0.09% |
| Grasim Industries Ltd. | 0.09% | 0.74% |
| United Spirits Ltd | 0.09% | 0.26% |
| Asian Paints(India) Ltd. | 0.08% | 0.43% |
| Avenue Supermarts Ltd | 0.08% | 0.32% |
| Pidilite Industries Ltd. | 0.08% | 0.71% |
| SHRIRAM FINANCE LIMITED | 0.59% | 0.07% |
| Max Financial Services Ltd | 0.07% | 0.25% |
| PHOENIX MILLS LTD. | 0.07% | 0.48% |
| Colgate- Palmolive (India) Ltd. | 0.07% | 0.14% |
| KOTAK MAHINDRA BANK LTD. | 0.47% | 0.06% |
| NBCC (India) Ltd | 0.06% | 0.12% |
| TRENT LTD | 0.06% | 0.80% |
| Shree Cement Ltd. | 0.07% | 0.05% |
| Oberoi Realty Limited | 0.05% | 0.44% |
| Bajaj Holdings and Investment Ltd | 0.05% | 0.11% |
| Persistent Systems Limited | 0.05% | 0.39% |
| Oil India Limited | 0.05% | 0.40% |
| L&T FINANCE LTD | 0.05% | 0.35% |
| ICICI Lombard General Insurance Company Ltd | 0.22% | 0.04% |
| Max Healthcare Institute Ltd. | 0.04% | 0.39% |
| KPIT Technologies Ltd. | 0.04% | 0.22% |
| ABB India Ltd. | 0.04% | 0.25% |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED | 0.04% | 0.39% |
| Solar Industries India Limited | 0.04% | 0.17% |
| FSN E-Commerce Ventures Ltd. | 0.04% | 0.23% |
| polycab India Limited | 0.04% | 0.65% |
| Adani Ports and Special Economic Zone Limited | 0.04% | 0.34% |
| SIEMENS ENERGY INDIA LTD | 0.04% | 0.04% |
| GMR AIRPORTS LIMITED | 0.09% | 0.04% |
| Amber Enterprises India Ltd | 0.03% | 0.25% |
| Ujjivan Small Finance Bank Ltd. | 0.03% | 0.06% |
| CG Power and Industrial Solutions Ltd. | 0.02% | 0.52% |
| 360 ONE WAM LIMITED | 0.02% | 0.44% |
| MACROTECH DEVELOPERS LTD | 0.02% | 0.21% |
| Jindal Steel & Power Ltd | 0.41% | 0.01% |
| Dabur India Ltd. | 0.01% | 0.26% |
| VISHAL MEGA MART LIMITED | 0.01% | 0.31% |
| Wipro Ltd. | 0.01% | 0.09% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.01% | 0.15% |
| Hero MotoCorp Ltd. | 0.01% | 0.27% |
| BHARAT DYNAMICS LTD. | 0.01% | 0.11% |
| MAZAGOAN DOCK SHIPBUILDERS LTD. | 0.01% | 0.13% |
| Petronet LNG Ltd. | 0.01% | 0.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.7% means 41.7% 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 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% |
| HDFC BANK LTD. | 1.94% |
Largest holdings only in Mirae Asset Arbitrage Fund
| Security | % of fund |
|---|---|
| Mirae Asset Liquid Fund-Direct Plan-Growth | 9.89% |
| Mirae Asset Money Market Fund-Direct Plan-Growth | 4.94% |
| Multi Commodity Exchange of India Ltd. | 0.74% |
| Premier Energies Ltd | 0.64% |
| Havells India Ltd. | 0.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Arbitrage | Mirae Asset Arbitrage |
|---|---|---|
| Equity | 71.1% | 73.5% |
| Debt | 5.8% | 0.0% |
| Cash and others | 23.1% | 26.5% |
Market cap of stocks
| Market cap | Kotak Arbitrage | Mirae Asset Arbitrage |
|---|---|---|
| Large Cap | 52.1% | 37.6% |
| Mid Cap | 16.4% | 29.0% |
| Small Cap | 2.6% | 6.8% |
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 | Kotak Arbitrage | Mirae Asset Arbitrage |
|---|---|---|
| Banks | 14.4% | 6.7% |
| Finance | 5.7% | 4.5% |
| Capital Markets | 0.9% | 5.1% |
| Pharmaceuticals & Biotechnology | 0.0% | 4.7% |
| Petroleum Products | 4.6% | 2.1% |
| Pharmaceuticals and Biotechnology | 4.2% | 0.0% |
| Power | 3.9% | 2.6% |
| IT - Software | 3.8% | 3.5% |
| Automobiles | 3.4% | 3.7% |
| Consumer Durables | 1.2% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Arbitrage vs Mirae Asset Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Arbitrage Fund | Mirae Asset Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.31% | 2.48% |
| Base expense ratio (Direct) | 0.33% | 0.13% |
| Total expense ratio (Regular) | 2.89% | 3.25% |
| Base expense ratio (Regular) | 0.83% | 0.78% |
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 Kotak Arbitrage with
Kotak Arbitrage Fund vs Mirae Asset Arbitrage Fund: Frequently Asked Questions
What is the difference between Kotak Arbitrage Fund and Mirae Asset Arbitrage Fund?
Both are Arbitrage funds, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 41.7%. Kotak Arbitrage Fund charges 2.31% a year and Mirae Asset Arbitrage Fund 2.48%.
Which has given higher returns, Kotak Arbitrage Fund or Mirae Asset Arbitrage Fund?
Over 1 year: Kotak Arbitrage Fund +6.75%, Mirae Asset Arbitrage Fund +6.73%. Over 3 years: Kotak Arbitrage Fund +7.43% a year, Mirae Asset Arbitrage Fund +7.35% a year. Over 5 years: Kotak Arbitrage Fund +6.98% a year, Mirae Asset Arbitrage Fund +6.82% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Arbitrage Fund or Mirae Asset Arbitrage Fund?
Kotak Arbitrage Fund charges less: 2.31% a year against 2.48%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Arbitrage Fund and Mirae Asset Arbitrage Fund overlap?
41.7%. They hold 168 of the same securities, the largest shared ones being INFY, RELIANCE, CUMMINSIND. From each fund's latest monthly portfolio.
Which is riskier, Kotak Arbitrage Fund or Mirae Asset Arbitrage Fund?
On SEBI's riskometer, Kotak Arbitrage Fund is rated Low and Mirae Asset Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.10% and 1.16% a year.
Which is better for SIP, Kotak Arbitrage Fund or Mirae Asset Arbitrage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,34,378 in Kotak Arbitrage Fund (XIRR 7.2% a year) and ₹7,32,571 in Mirae Asset Arbitrage Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Arbitrage Fund and Mirae Asset Arbitrage Fund?
Yes. 41.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Arbitrage Fund and Mirae Asset Arbitrage Fund?
Kotak Arbitrage Fund: Hiten Shah. Mirae Asset Arbitrage Fund: Jignesh Rao, Jigar Sethia, Pranavi Kulkarni.
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.