Kotak Arbitrage Fund vs quant Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Arbitrage Fund and quant Arbitrage Fund are both Arbitrage funds. In the year to 30-10-2026, Kotak Arbitrage Fund (Direct) returned 6.8% and quant Arbitrage Fund (Direct) returned 7.6%. Kotak Arbitrage Fund charges 2.31% a year and quant Arbitrage Fund 1.60% (Direct plans). Their portfolios overlap 33.9%: they hold 85 of the same securities.
Which is better, Kotak Arbitrage or quant Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- quant Arbitrage returned more over 1 year: 7.6% against 6.8%.
- quant Arbitrage costs less: 1.60% a year against 2.31% (Direct plans).
- quant Arbitrage fell less in its worst fall since 07-04-2025: −0.4% against −0.5%.
- Kotak Arbitrage is the larger fund: ₹75,275 Cr against ₹1,007 Cr.
- Their portfolios overlap 33.9%: 85 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 | quant Arbitrage Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | quant Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹75,275 Cr (30-09-2026) | ₹1,007 Cr (30-09-2026) |
| NAV | ₹43.60 (Direct) | ₹11.19 (Direct) |
| Expense ratio (Direct) | 2.31% | 1.60% |
| Expense ratio (Regular) | 2.89% | 2.25% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage TRI |
| Launch date | 29-09-2005 | 04-04-2025 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Hiten Shah | Sameer Kate, Yug Tibrewal, Sanjeev Sharma |
| Exit load | Exit load of 0.25% if redeemed within 30 days | Exit load of 0.25%, if redeemed within 1 month. |
Kotak Arbitrage vs quant 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% |
| quant Arbitrage Fund (Direct) | +0.51% | +1.68% | +3.63% | +7.56% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
Kotak Arbitrage vs quant Arbitrage: Year-wise Returns
| Year | KotakKotak Arbitrage | quantquant Arbitrage |
|---|---|---|
| 2026to date | +5.53% | +6.22% |
| 2025 | +7.06% | -- |
| 2024 | +8.47% | -- |
| 2023 | +8.01% | -- |
| 2022 | +5.14% | -- |
| 2021 | +4.56% | -- |
Kotak Arbitrage vs quant Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 140 of them, one for each trading day from 07-04-2026 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)
quant Arbitrage Fund (Direct)
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 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 | 6.6% | 6.7% | 6.2% | 7.0% |
| quant Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.5% | 7.1% | 7.9% |
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 07-04-2025. Past returns do not promise future returns.
Kotak Arbitrage vs quant 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 01-04-2025 to 30-10-2026: 19 instalments, ₹1,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak ArbitrageKotak Arbitrage Fund (Direct) | ₹1,90,000 | ₹2,00,418 | ₹10,418 | 6.6% |
| quant Arbitragequant Arbitrage Fund (Direct) | ₹1,90,000 | ₹2,01,679 | ₹11,679 | 7.4% |
Kotak ArbitrageKotak Arbitrage Fund (Direct)
quant Arbitragequant 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 quant 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) | quant Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +7.56% |
| Standard deviation | 1.38% | 1.46% |
| Sharpe ratio | 1.09 | 1.59 |
| Sortino ratio | 1.65 | 2.43 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.4% (26-08-2026) |
| 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) | quant Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.07% | +7.37% |
| Standard deviation | 1.02% | 1.29% |
| Sharpe ratio | 1.00 | 1.55 |
| Sortino ratio | 1.52 | 2.35 |
| Maximum drawdown | −0.6% (03-06-2020) | −0.4% (26-08-2026) |
| 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)
quant 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% |
| quant Arbitrage Fund (Direct) | −0.4% | 24-08-2026 | 26-08-2026 | 01-09-2026 | 6 days | −0.1% |
From daily values since 07-04-2025, 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)
quant Arbitrage Fund (Direct)
Kotak Arbitrage vs quant Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Arbitrage Fund, September 2026; quant Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 33.9%
- Held by both
- 85
- Only in Kotak Arbitrage
- 109
- Only in quant Arbitrage
- 24
| Security | % of Kotak Arbitrage | % of quant Arbitrage |
|---|---|---|
| RELIANCE INDUSTRIES LTD. | 3.06% | 4.80% |
| HDFC BANK LTD. | 2.03% | 2.45% |
| STATE BANK OF INDIA. | 1.35% | 1.81% |
| Vodafone Idea Ltd | 1.30% | 1.29% |
| AXIS BANK LTD. | 2.94% | 0.88% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 0.88% | 1.61% |
| ICICI BANK LTD. | 4.17% | 0.87% |
| BHARTI AIRTEL LTD. | 1.45% | 0.86% |
| ITC Ltd. | 0.85% | 1.41% |
| ADANI POWER LTD | 1.43% | 0.85% |
| SWIGGY LTD | 0.75% | 2.33% |
| BAJAJ FINANCE LTD. | 1.20% | 0.69% |
| Maruti Suzuki India Limited | 0.66% | 0.87% |
| Indus Towers Ltd. | 0.65% | 2.10% |
| NTPC LTD | 0.64% | 1.87% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 0.62% | 1.09% |
| Info Edge India Ltd. | 0.59% | 3.03% |
| SHRIRAM FINANCE LIMITED | 0.59% | 0.59% |
| Hindustan Unilever Ltd. | 0.57% | 0.83% |
| YES BANK LTD. | 0.56% | 1.18% |
| GE VERNOVA T&D INDIA LIMITED | 0.55% | 0.70% |
| CANARA BANK | 0.55% | 0.78% |
| Adani Green Energy Ltd. | 0.58% | 0.52% |
| JSW Steel Ltd. | 0.74% | 0.48% |
| KOTAK MAHINDRA BANK LTD. | 0.47% | 0.58% |
| Varun Beverages Limited | 0.46% | 1.56% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.44% | 0.50% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 0.44% | 0.80% |
| Divis Laboratories Ltd. | 0.96% | 0.43% |
| NMDC Ltd. | 0.41% | 0.45% |
| Eicher Motors Ltd. | 0.40% | 0.39% |
| Aurobindo Pharma Ltd. | 0.39% | 0.82% |
| Hindustan Aeronautics Ltd. | 0.35% | 0.86% |
| JIO FINANCIAL SERVICES LTD | 0.34% | 0.34% |
| ADANI ENERGY SOLUTIONS LTD. | 0.72% | 0.33% |
| HDFC Life Insurance Company Ltd | 0.33% | 3.19% |
| BIOCON LTD. | 0.32% | 1.15% |
| Adani Enterprises Ltd | 0.32% | 0.44% |
| TORRENT PHARMACEUTICALS LTD. | 0.63% | 0.31% |
| Glenmark Pharmaceuticals Ltd | 0.30% | 0.68% |
| Cummins India Ltd. | 0.82% | 0.28% |
| LIC HOUSING FINANCE LTD. | 0.27% | 1.44% |
| UPL Ltd | 0.27% | 1.37% |
| Tata Power Company Ltd. | 0.25% | 0.43% |
| UNION BANK OF INDIA | 0.25% | 0.62% |
| Bajaj Finserv Ltd. | 0.25% | 0.41% |
| TATA CONSUMER PRODUCTS LTD. | 0.67% | 0.25% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.28% | 0.22% |
| SRF LTD. | 0.22% | 0.49% |
| APL Apollo Tubes Ltd | 0.61% | 0.21% |
| Manappuram Finance Ltd. | 0.21% | 0.77% |
| Steel Authority of India Ltd. | 0.35% | 0.20% |
| Life Insurance Corporation Of India | 0.20% | 0.66% |
| Ashok Leyland Ltd. | 0.35% | 0.19% |
| BANK OF INDIA | 0.19% | 0.20% |
| Bharat Heavy Electricals Ltd. | 0.18% | 1.18% |
| BANDHAN BANK LIMITED | 0.27% | 0.18% |
| GODREJ PROPERTIES LIMITED | 0.40% | 0.17% |
| PUNJAB NATIONAL BANK | 0.17% | 1.62% |
| TATA CONSULTANCY SERVICES LTD. | 0.53% | 0.16% |
| Ultratech Cement Ltd. | 0.16% | 0.28% |
| Jindal Steel & Power Ltd | 0.41% | 0.15% |
| HITACHI ENERGY INDIA LTD. | 0.15% | 0.21% |
| One 97 Communications Ltd | 0.57% | 0.14% |
| PG ELECTROPLAST LTD | 0.14% | 0.63% |
| Radico Khaitan Ltd. | 0.24% | 0.13% |
| Tata Steel Ltd. | 1.53% | 0.12% |
| Bharat Electronics Ltd. | 0.12% | 0.17% |
| Larsen and Toubro Ltd. | 0.29% | 0.12% |
| Laurus Labs Ltd | 0.18% | 0.12% |
| Oil And Natural Gas Corporation Ltd. | 0.11% | 2.38% |
| Computer Age Management Services Limited | 0.12% | 0.10% |
| GMR AIRPORTS LIMITED | 0.09% | 0.51% |
| Asian Paints(India) Ltd. | 0.08% | 0.24% |
| AMBUJA CEMENTS LTD. | 0.44% | 0.07% |
| NBCC (India) Ltd | 0.06% | 2.12% |
| INDIAN OIL CORPORATION LTD. | 0.69% | 0.05% |
| Oil India Limited | 0.05% | 0.12% |
| KPIT Technologies Ltd. | 0.04% | 0.57% |
| FSN E-Commerce Ventures Ltd. | 0.04% | 0.10% |
| Adani Ports and Special Economic Zone Limited | 0.04% | 1.46% |
| Amber Enterprises India Ltd | 0.03% | 1.11% |
| Dabur India Ltd. | 0.01% | 0.46% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.01% | 0.52% |
| KALYAN JEWELLERS INDIA LTD. | 0.25% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.9% means 33.9% 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 quant Arbitrage Fund
| Security | % of fund |
|---|---|
| TREPS 01-Oct-2026 DEPO 10 | 7.26% |
| SIDBI CD 25-Mar-2027 | 4.80% |
| Zydus Lifesciences Limited | 3.82% |
| 182 Days Treasury Bill 18-Mar-2027 | 1.93% |
| 364 Days Treasury Bill 01-Jul-2027 | 1.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Arbitrage | quant Arbitrage |
|---|---|---|
| Equity | 71.1% | 76.4% |
| Debt | 5.8% | 28.6% |
| Cash and others | 23.1% | -5.0% |
Market cap of stocks
| Market cap | Kotak Arbitrage | quant Arbitrage |
|---|---|---|
| Large Cap | 52.1% | 48.1% |
| Mid Cap | 16.4% | 21.4% |
| Small Cap | 2.6% | 6.9% |
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 | quant Arbitrage |
|---|---|---|
| Banks | 14.4% | 11.2% |
| Pharmaceuticals & Biotechnology | 0.0% | 7.3% |
| Petroleum Products | 4.6% | 6.2% |
| Finance | 5.7% | 5.8% |
| Retailing | 1.7% | 5.5% |
| Power | 3.9% | 4.4% |
| Pharmaceuticals and Biotechnology | 4.2% | 0.0% |
| IT - Software | 3.8% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Arbitrage vs quant Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Arbitrage Fund | quant Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.31% | 1.60% |
| Base expense ratio (Direct) | 0.33% | 0.28% |
| Total expense ratio (Regular) | 2.89% | 2.25% |
| Base expense ratio (Regular) | 0.83% | 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 Kotak Arbitrage with
Kotak Arbitrage Fund vs quant Arbitrage Fund: Frequently Asked Questions
What is the difference between Kotak Arbitrage Fund and quant Arbitrage Fund?
Both are Arbitrage funds, run by Kotak Mahindra Mutual Fund and quant Mutual Fund. Their portfolios overlap 33.9%. Kotak Arbitrage Fund charges 2.31% a year and quant Arbitrage Fund 1.60%.
Which has given higher returns, Kotak Arbitrage Fund or quant Arbitrage Fund?
Over 1 year: Kotak Arbitrage Fund +6.75%, quant Arbitrage Fund +7.56%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Arbitrage Fund or quant Arbitrage Fund?
quant Arbitrage Fund charges less: 1.60% a year against 2.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Arbitrage Fund and quant Arbitrage Fund overlap?
33.9%. They hold 85 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Kotak Arbitrage Fund or quant Arbitrage Fund?
On SEBI's riskometer, Kotak Arbitrage Fund is rated Low and quant Arbitrage Fund Low. Over 1 years, the standard deviation of daily returns was 1.38% and 1.46% a year.
Can I invest in both Kotak Arbitrage Fund and quant Arbitrage Fund?
Yes. 33.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Arbitrage Fund and quant Arbitrage Fund?
Kotak Arbitrage Fund: Hiten Shah. quant Arbitrage Fund: Sameer Kate, Yug Tibrewal, Sanjeev Sharma.
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.