Kotak Arbitrage Fund vs Nippon India Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Arbitrage Fund and Nippon India Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, Kotak Arbitrage Fund (Direct) returned 7.4% a year and Nippon India Arbitrage Fund (Direct) returned 7.3% a year. Kotak Arbitrage Fund charges 2.31% a year and Nippon India Arbitrage Fund 1.35% (Direct plans). Their portfolios overlap 48.5%: they hold 152 of the same securities.
Nippon India Arbitrage Fund
Arbitrage
- 3 year return
- 7.3%
- Expense ratio
- 1.35%
- NAV
- ₹31.21
Which is better, Kotak 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.
- 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%.
- Nippon India Arbitrage costs less: 1.35% a year against 2.31% (Direct plans).
- Nippon India 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 07-01-2013: −0.6% against −0.6%.
- Kotak Arbitrage is the larger fund: ₹75,275 Cr against ₹17,216 Cr.
- Their portfolios overlap 48.5%: 152 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 | Nippon India Arbitrage Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Nippon India Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹75,275 Cr (30-09-2026) | ₹17,216 Cr (30-09-2026) |
| NAV | ₹43.60 (Direct) | ₹31.21 (Direct) |
| Expense ratio (Direct) | 2.31% | 1.35% |
| Expense ratio (Regular) | 2.89% | 2.04% |
| Riskometer | Low | Not available |
| Benchmark | Nifty 50 Arbitrage Index | Not available |
| Launch date | 29-09-2005 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Hiten Shah | Not available |
| Exit load | Exit load of 0.25% if redeemed within 30 days | Not available |
Kotak 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 |
|---|---|---|---|---|---|---|---|
| Kotak Arbitrage Fund (Direct) | +0.55% | +1.55% | +3.29% | +6.75% | +7.43% | +6.98% | +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.
Kotak Arbitrage vs Nippon India Arbitrage: Year-wise Returns
| Year | KotakKotak Arbitrage | Nippon IndiaNippon India Arbitrage |
|---|---|---|
| 2026to date | +5.53% | +5.47% |
| 2025 | +7.06% | +6.94% |
| 2024 | +8.47% | +8.23% |
| 2023 | +8.01% | +7.85% |
| 2022 | +5.14% | +4.94% |
| 2021 | +4.56% | +4.54% |
Kotak Arbitrage vs Nippon India Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,663 of them, one for each trading day from 07-01-2016 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.
Kotak 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Arbitrage | 0.0 | 8.7 | 91.3 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.8% | 4.7% | 9.2% |
| 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 07-01-2013. Past returns do not promise future returns.
Kotak 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 07-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak ArbitrageKotak Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,92,834 | ₹10,32,834 | 6.7% |
| Nippon India ArbitrageNippon India Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,86,329 | ₹10,26,329 | 6.7% |
Kotak ArbitrageKotak 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.
Kotak 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 | Kotak Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.71% |
| Standard deviation | 1.38% | 1.33% |
| Sharpe ratio | 1.09 | 1.10 |
| Sortino ratio | 1.65 | 1.71 |
| Maximum drawdown | −0.5% (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 | Kotak Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.43% | +7.28% |
| Standard deviation | 1.10% | 1.06% |
| Sharpe ratio | 1.28 | 1.18 |
| Sortino ratio | 1.96 | 1.81 |
| Maximum drawdown | −0.5% (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 | Kotak Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.98% | +6.83% |
| Standard deviation | 1.01% | 0.98% |
| Sharpe ratio | 1.16 | 1.05 |
| Sortino ratio | 1.78 | 1.61 |
| Maximum drawdown | −0.5% (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 | Kotak Arbitrage Fund (Direct) | Nippon India Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.07% | +7.06% |
| Standard deviation | 1.02% | 1.07% |
| Sharpe ratio | 1.00 | 0.95 |
| Sortino ratio | 1.52 | 1.44 |
| Maximum drawdown | −0.6% (03-06-2020) | −0.6% (25-03-2020) |
| 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)
Nippon India 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) | −0.6% | 29-05-2020 | 03-06-2020 | 14-08-2020 | 2 months | −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 07-01-2013, 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.
Kotak 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.
Kotak 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.
Kotak Arbitrage Fund (Direct)
Nippon India Arbitrage Fund (Direct)
Kotak Arbitrage vs Nippon India Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Arbitrage Fund, September 2026; Nippon India Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 48.5%
- Held by both
- 152
- Only in Kotak Arbitrage
- 42
- Only in Nippon India Arbitrage
- 17
| Security | % of Kotak Arbitrage | % of Nippon India Arbitrage |
|---|---|---|
| ICICI BANK LTD. | 4.17% | 4.21% |
| RELIANCE INDUSTRIES LTD. | 3.06% | 4.83% |
| AXIS BANK LTD. | 2.94% | 2.45% |
| HDFC BANK LTD. | 2.03% | 4.62% |
| Tata Steel Ltd. | 1.53% | 1.35% |
| STATE BANK OF INDIA. | 1.35% | 2.02% |
| Vodafone Idea Ltd | 1.30% | 1.34% |
| BAJAJ FINANCE LTD. | 1.20% | 1.71% |
| Coal India Limited | 1.18% | 0.92% |
| BHARTI AIRTEL LTD. | 1.45% | 0.91% |
| Hindalco Industries Ltd. | 1.31% | 0.76% |
| Cummins India Ltd. | 0.82% | 0.76% |
| JSW Steel Ltd. | 0.74% | 1.81% |
| TVS Motor Company Ltd. | 0.94% | 0.72% |
| ADANI ENERGY SOLUTIONS LTD. | 0.72% | 1.04% |
| Infosys Ltd. | 1.25% | 0.68% |
| Maruti Suzuki India Limited | 0.66% | 1.42% |
| Indus Towers Ltd. | 0.65% | 0.60% |
| APL Apollo Tubes Ltd | 0.61% | 0.56% |
| Info Edge India Ltd. | 0.59% | 0.56% |
| CANARA BANK | 0.55% | 1.17% |
| YES BANK LTD. | 0.56% | 0.50% |
| One 97 Communications Ltd | 0.57% | 0.49% |
| KOTAK MAHINDRA BANK LTD. | 0.47% | 1.09% |
| ITC Ltd. | 0.85% | 0.46% |
| Adani Green Energy Ltd. | 0.58% | 0.46% |
| Hindustan Zinc Ltd. | 0.52% | 0.46% |
| Mahindra & Mahindra Ltd. | 0.46% | 0.51% |
| BANK OF BARODA | 0.69% | 0.45% |
| AMBUJA CEMENTS LTD. | 0.44% | 0.77% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.36% | 0.42% |
| IDFC FIRST BANK LIMITED | 0.47% | 0.41% |
| NMDC Ltd. | 0.41% | 0.52% |
| Eicher Motors Ltd. | 0.40% | 0.48% |
| INDIAN HOTELS CO LTD | 0.52% | 0.38% |
| GODREJ PROPERTIES LIMITED | 0.40% | 0.38% |
| Coforge Limited | 0.78% | 0.36% |
| Hindustan Unilever Ltd. | 0.57% | 0.36% |
| Steel Authority of India Ltd. | 0.35% | 1.11% |
| MARICO LTD. | 0.34% | 0.45% |
| JIO FINANCIAL SERVICES LTD | 0.34% | 1.03% |
| Varun Beverages Limited | 0.46% | 0.33% |
| Divis Laboratories Ltd. | 0.96% | 0.32% |
| INDIAN OIL CORPORATION LTD. | 0.69% | 0.32% |
| TATA CONSUMER PRODUCTS LTD. | 0.67% | 0.32% |
| GE VERNOVA T&D INDIA LIMITED | 0.55% | 0.32% |
| BIOCON LTD. | 0.32% | 0.33% |
| Adani Enterprises Ltd | 0.32% | 1.32% |
| Power Finance Corporation Ltd. | 0.80% | 0.30% |
| MUTHOOT FINANCE LTD. | 0.30% | 0.37% |
| Glenmark Pharmaceuticals Ltd | 0.30% | 0.95% |
| ADANI POWER LTD | 1.43% | 0.29% |
| Cipla Ltd. | 0.30% | 0.29% |
| Larsen and Toubro Ltd. | 0.29% | 1.31% |
| BANDHAN BANK LIMITED | 0.27% | 0.31% |
| HDFC Life Insurance Company Ltd | 0.33% | 0.26% |
| KALYAN JEWELLERS INDIA LTD. | 0.25% | 0.26% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.28% | 0.24% |
| Alkem Laboratories Ltd. | 0.39% | 0.23% |
| Crompton Greaves Consumer Electricals Limited | 0.23% | 0.33% |
| NTPC LTD | 0.64% | 0.22% |
| Tata Power Company Ltd. | 0.25% | 0.22% |
| Fortis Healthcare India Ltd | 0.22% | 0.26% |
| Manappuram Finance Ltd. | 0.21% | 0.86% |
| Ruchi Soya Industries Ltd. | 0.21% | 0.38% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.43% | 0.20% |
| Life Insurance Corporation Of India | 0.20% | 0.47% |
| LIC HOUSING FINANCE LTD. | 0.27% | 0.19% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 0.88% | 0.18% |
| Ashok Leyland Ltd. | 0.35% | 0.18% |
| Bharat Heavy Electricals Ltd. | 0.18% | 0.44% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 0.19% | 0.17% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.17% | 0.41% |
| PUNJAB NATIONAL BANK | 0.17% | 0.47% |
| Laurus Labs Ltd | 0.18% | 0.16% |
| Ultratech Cement Ltd. | 0.16% | 0.45% |
| HITACHI ENERGY INDIA LTD. | 0.15% | 0.15% |
| SBI Life Insurance Company Ltd | 0.15% | 0.27% |
| HCL Technologies Ltd. | 0.15% | 0.17% |
| TORRENT PHARMACEUTICALS LTD. | 0.63% | 0.14% |
| DELHIVERY LTD | 0.36% | 0.14% |
| Apollo Hospitals Enterprise Ltd. | 0.35% | 0.14% |
| PNB HOUSING FINANCE LTD. | 0.29% | 0.14% |
| Container Corporation of India Ltd. | 0.14% | 0.27% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.44% | 0.13% |
| Aurobindo Pharma Ltd. | 0.39% | 0.13% |
| TITAN COMPANY LTD. | 0.31% | 0.13% |
| BANK OF INDIA | 0.19% | 0.13% |
| Supreme Industries Limited | 0.13% | 0.30% |
| Voltas Ltd. | 0.13% | 0.14% |
| ETERNAL LIMITED | 0.13% | 0.15% |
| Hindustan Aeronautics Ltd. | 0.35% | 0.12% |
| ADITYA BIRLA CAPITAL LTD | 0.30% | 0.12% |
| JSW ENERGY LTD. | 0.27% | 0.12% |
| TATA CONSULTANCY SERVICES LTD. | 0.53% | 0.11% |
| Bajaj Auto Ltd. | 0.52% | 0.11% |
| SAGILITY INDIA LTD. | 0.16% | 0.11% |
| Bosch Limited | 0.11% | 0.23% |
| SHRIRAM FINANCE LIMITED | 0.59% | 0.10% |
| Inter Globe Aviation Ltd | 0.34% | 0.10% |
| Oil And Natural Gas Corporation Ltd. | 0.11% | 0.10% |
| UNION BANK OF INDIA | 0.25% | 0.09% |
| ICICI Lombard General Insurance Company Ltd | 0.22% | 0.09% |
| PG ELECTROPLAST LTD | 0.14% | 0.09% |
| Grasim Industries Ltd. | 0.09% | 0.31% |
| SWIGGY LTD | 0.75% | 0.08% |
| Lupin Ltd. | 0.59% | 0.08% |
| Bajaj Finserv Ltd. | 0.25% | 0.08% |
| SBI CARDS & PAYMENT SERVICES PVT. LTD. | 0.15% | 0.08% |
| Asian Paints(India) Ltd. | 0.08% | 0.33% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 0.62% | 0.07% |
| SRF LTD. | 0.22% | 0.07% |
| ANGEL ONE LIMITED | 0.13% | 0.07% |
| Bharat Electronics Ltd. | 0.12% | 0.07% |
| PHOENIX MILLS LTD. | 0.07% | 0.10% |
| Nestle India Ltd. | 0.25% | 0.06% |
| BANK OF MAHARASHTRA | 0.12% | 0.06% |
| Colgate- Palmolive (India) Ltd. | 0.07% | 0.06% |
| BANK OF BARODA | 0.06% | 0.14% |
| NBCC (India) Ltd | 0.06% | 0.08% |
| TRENT LTD | 0.06% | 0.10% |
| Tech Mahindra Ltd. | 0.69% | 0.05% |
| GAIL (India) Ltd. | 0.44% | 0.05% |
| Jindal Steel & Power Ltd | 0.41% | 0.05% |
| BHARAT FORGE LTD. | 0.36% | 0.05% |
| VEDANTA LTD. | 0.31% | 0.05% |
| Bajaj Holdings and Investment Ltd | 0.05% | 0.05% |
| Tube Investments Of India Ltd. | 0.32% | 0.04% |
| Suzlon Energy Ltd. | 0.22% | 0.04% |
| KPIT Technologies Ltd. | 0.04% | 0.04% |
| INOX WIND LIMITED | 0.04% | 0.05% |
| Solar Industries India Limited | 0.04% | 0.19% |
| Adani Ports and Special Economic Zone Limited | 0.04% | 0.06% |
| Prestige Estates Projects Limited | 0.04% | 0.05% |
| PB Fintech Ltd. | 0.67% | 0.03% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 0.44% | 0.03% |
| Radico Khaitan Ltd. | 0.24% | 0.03% |
| PUNJAB NATIONAL BANK | 0.13% | 0.03% |
| Page Industries Ltd | 0.12% | 0.03% |
| Avenue Supermarts Ltd | 0.08% | 0.03% |
| FSN E-Commerce Ventures Ltd. | 0.04% | 0.03% |
| National Aluminium Company Ltd. | 0.17% | 0.02% |
| polycab India Limited | 0.04% | 0.02% |
| CG Power and Industrial Solutions Ltd. | 0.02% | 0.02% |
| MACROTECH DEVELOPERS LTD | 0.02% | 0.02% |
| Mphasis Ltd | 0.27% | 0.01% |
| UPL Ltd | 0.27% | 0.01% |
| GMR AIRPORTS LIMITED | 0.09% | 0.01% |
| United Spirits Ltd | 0.09% | 0.01% |
| Oberoi Realty Limited | 0.05% | 0.01% |
| Dabur India Ltd. | 0.01% | 0.08% |
| Hero MotoCorp Ltd. | 0.01% | 0.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.5% means 48.5% 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 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% |
| AU Small Finance Bank Limited | 0.96% |
| National Bank For Agriculture and Rural Development | 0.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Equity | 71.1% | 68.0% |
| Debt | 5.8% | 4.4% |
| Cash and others | 23.1% | 27.6% |
Market cap of stocks
| Market cap | Kotak Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Large Cap | 52.1% | 51.7% |
| Mid Cap | 16.4% | 13.7% |
| Small Cap | 2.6% | 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 | Kotak Arbitrage | Nippon India Arbitrage |
|---|---|---|
| Banks | 14.4% | 20.1% |
| Finance | 5.7% | 5.2% |
| Petroleum Products | 4.6% | 5.3% |
| Ferrous Metals | 3.0% | 4.3% |
| Pharmaceuticals and Biotechnology | 4.2% | 0.0% |
| Power | 3.9% | 2.4% |
| IT - Software | 3.8% | 1.4% |
| Automobiles | 3.4% | 3.7% |
| Pharmaceuticals & Biotechnology | 0.0% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Arbitrage vs Nippon India Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Arbitrage Fund | Nippon India Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.31% | 1.35% |
| Base expense ratio (Direct) | 0.33% | 0.31% |
| Total expense ratio (Regular) | 2.89% | 2.04% |
| Base expense ratio (Regular) | 0.83% | 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 Kotak Arbitrage with
Kotak Arbitrage Fund vs Nippon India Arbitrage Fund: Frequently Asked Questions
What is the difference between Kotak Arbitrage Fund and Nippon India Arbitrage Fund?
Both are Arbitrage funds, run by Kotak Mahindra Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 48.5%. Kotak Arbitrage Fund charges 2.31% a year and Nippon India Arbitrage Fund 1.35%.
Which has given higher returns, Kotak Arbitrage Fund or Nippon India Arbitrage Fund?
Over 1 year: Kotak Arbitrage Fund +6.75%, Nippon India Arbitrage Fund +6.71%. Over 3 years: Kotak Arbitrage Fund +7.43% a year, Nippon India Arbitrage Fund +7.28% a year. Over 5 years: Kotak Arbitrage Fund +6.98% 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, Kotak Arbitrage Fund or Nippon India Arbitrage Fund?
Nippon India Arbitrage Fund charges less: 1.35% a year against 2.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Arbitrage Fund and Nippon India Arbitrage Fund overlap?
48.5%. They hold 152 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Kotak 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 ₹7,34,378 in Kotak Arbitrage Fund (XIRR 7.2% 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 Kotak Arbitrage Fund and Nippon India Arbitrage Fund?
Yes. 48.5% 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.