Kotak Arbitrage Fund vs SBI Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Arbitrage Fund and SBI Arbitrage Fund are both Arbitrage funds. In the 3 years to 30-10-2026, Kotak Arbitrage Fund (Direct) returned 7.4% a year and SBI Arbitrage Fund (Direct) returned 7.2% a year. Kotak Arbitrage Fund charges 2.31% a year and SBI Arbitrage Fund 1.47% (Direct plans). Their portfolios overlap 52.2%: they hold 168 of the same securities.
Which is better, Kotak Arbitrage or SBI 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 7.2%.
- SBI Arbitrage costs less: 1.47% 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 14-01-2013: −0.6% against −0.7%.
- Kotak Arbitrage is the larger fund: ₹75,275 Cr against ₹46,309 Cr.
- Their portfolios overlap 52.2%: 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 | SBI Arbitrage Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹75,275 Cr (30-09-2026) | ₹46,309 Cr (30-09-2026) |
| NAV | ₹43.60 (Direct) | ₹39.08 (Direct) |
| Expense ratio (Direct) | 2.31% | 1.47% |
| Expense ratio (Regular) | 2.89% | 1.99% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage Index |
| Launch date | 29-09-2005 | 03-11-2006 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Hiten Shah | Neeraj Kumar - Equity, Ardhendu Bhattacharya |
| Exit load | Exit load of 0.25% if redeemed within 30 days | Exit load of 0.25%, if redeemed within 15 Days. |
Kotak Arbitrage vs SBI 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% |
| SBI Arbitrage Fund (Direct) | +0.56% | +1.53% | +3.22% | +6.59% | +7.24% | +6.83% | +6.24% |
| 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 SBI Arbitrage: Year-wise Returns
| Year | KotakKotak Arbitrage | SBISBI Arbitrage |
|---|---|---|
| 2026to date | +5.53% | +5.39% |
| 2025 | +7.06% | +7.05% |
| 2024 | +8.47% | +8.11% |
| 2023 | +8.01% | +7.98% |
| 2022 | +5.14% | +5.09% |
| 2021 | +4.56% | +4.43% |
Kotak Arbitrage vs SBI Arbitrage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,658 of them, one for each trading day from 14-01-2016 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)
SBI 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% |
| SBI Arbitrage | 0.0 | 14.5 | 85.5 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.6% | 4.3% | 8.8% |
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 14-01-2013. Past returns do not promise future returns.
Kotak Arbitrage vs SBI 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% |
| SBI ArbitrageSBI Arbitrage Fund (Direct) | ₹16,60,000 | ₹26,50,956 | ₹9,90,956 | 6.5% |
Kotak ArbitrageKotak Arbitrage Fund (Direct)
SBI ArbitrageSBI 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 SBI 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.59% |
| Standard deviation | 1.38% | 1.46% |
| Sharpe ratio | 1.09 | 0.92 |
| Sortino ratio | 1.65 | 1.41 |
| 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.43% | +7.24% |
| Standard deviation | 1.10% | 1.12% |
| Sharpe ratio | 1.28 | 1.09 |
| Sortino ratio | 1.96 | 1.66 |
| 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.98% | +6.83% |
| Standard deviation | 1.01% | 1.03% |
| Sharpe ratio | 1.16 | 1.01 |
| Sortino ratio | 1.78 | 1.53 |
| 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) | SBI Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.07% | +6.84% |
| Standard deviation | 1.02% | 1.07% |
| Sharpe ratio | 1.00 | 0.74 |
| Sortino ratio | 1.52 | 1.11 |
| Maximum drawdown | −0.6% (03-06-2020) | −0.7% (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)
SBI 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% |
| SBI Arbitrage Fund (Direct) | −0.7% | 16-03-2020 | 25-03-2020 | 15-04-2020 | 21 days | −0.1% |
From daily values since 14-01-2013, 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)
SBI 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)
SBI 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)
SBI Arbitrage Fund (Direct)
Kotak Arbitrage vs SBI Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Arbitrage Fund, September 2026; SBI Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 52.2%
- Held by both
- 168
- Only in Kotak Arbitrage
- 26
- Only in SBI Arbitrage
- 28
| Security | % of Kotak Arbitrage | % of SBI Arbitrage |
|---|---|---|
| RELIANCE INDUSTRIES LTD. | 3.06% | 5.58% |
| ICICI BANK LTD. | 4.17% | 2.75% |
| AXIS BANK LTD. | 2.94% | 2.31% |
| HDFC BANK LTD. | 2.03% | 4.92% |
| Tata Steel Ltd. | 1.53% | 1.59% |
| BHARTI AIRTEL LTD. | 1.45% | 2.39% |
| STATE BANK OF INDIA. | 1.35% | 3.68% |
| BAJAJ FINANCE LTD. | 1.20% | 1.57% |
| Vodafone Idea Ltd | 1.30% | 1.10% |
| ADANI POWER LTD | 1.43% | 1.03% |
| Divis Laboratories Ltd. | 0.96% | 1.09% |
| Coal India Limited | 1.18% | 0.90% |
| ITC Ltd. | 0.85% | 0.93% |
| Power Finance Corporation Ltd. | 0.80% | 0.88% |
| JSW Steel Ltd. | 0.74% | 1.58% |
| ADANI ENERGY SOLUTIONS LTD. | 0.72% | 0.81% |
| BANK OF BARODA | 0.69% | 0.78% |
| Tech Mahindra Ltd. | 0.69% | 0.64% |
| TATA CONSUMER PRODUCTS LTD. | 0.67% | 0.62% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 0.62% | 0.71% |
| Indus Towers Ltd. | 0.65% | 0.61% |
| Maruti Suzuki India Limited | 0.66% | 0.60% |
| Infosys Ltd. | 1.25% | 0.59% |
| Adani Green Energy Ltd. | 0.58% | 0.99% |
| INDIAN OIL CORPORATION LTD. | 0.69% | 0.56% |
| Hindustan Unilever Ltd. | 0.57% | 0.56% |
| NTPC LTD | 0.64% | 0.55% |
| CANARA BANK | 0.55% | 0.89% |
| Hindalco Industries Ltd. | 1.31% | 0.54% |
| INDIAN HOTELS CO LTD | 0.52% | 0.70% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 0.88% | 0.49% |
| IDFC FIRST BANK LIMITED | 0.47% | 0.73% |
| KOTAK MAHINDRA BANK LTD. | 0.47% | 0.85% |
| Varun Beverages Limited | 0.46% | 0.76% |
| SHRIRAM FINANCE LIMITED | 0.59% | 0.45% |
| Mahindra & Mahindra Ltd. | 0.46% | 0.44% |
| AMBUJA CEMENTS LTD. | 0.44% | 0.59% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.43% | 0.52% |
| Cummins India Ltd. | 0.82% | 0.41% |
| NMDC Ltd. | 0.41% | 0.42% |
| Info Edge India Ltd. | 0.59% | 0.39% |
| APL Apollo Tubes Ltd | 0.61% | 0.38% |
| Eicher Motors Ltd. | 0.40% | 0.35% |
| Hindustan Aeronautics Ltd. | 0.35% | 1.16% |
| Steel Authority of India Ltd. | 0.35% | 0.46% |
| Aurobindo Pharma Ltd. | 0.39% | 0.34% |
| JIO FINANCIAL SERVICES LTD | 0.34% | 0.77% |
| Coforge Limited | 0.78% | 0.32% |
| TORRENT PHARMACEUTICALS LTD. | 0.63% | 0.32% |
| BIOCON LTD. | 0.32% | 0.37% |
| Adani Enterprises Ltd | 0.32% | 1.41% |
| TITAN COMPANY LTD. | 0.31% | 0.32% |
| ADITYA BIRLA CAPITAL LTD | 0.30% | 0.31% |
| Glenmark Pharmaceuticals Ltd | 0.30% | 0.48% |
| Larsen and Toubro Ltd. | 0.29% | 0.87% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.28% | 0.36% |
| Bajaj Auto Ltd. | 0.52% | 0.27% |
| Apollo Hospitals Enterprise Ltd. | 0.35% | 0.27% |
| Tata Power Company Ltd. | 0.25% | 0.64% |
| KALYAN JEWELLERS INDIA LTD. | 0.25% | 0.46% |
| UNION BANK OF INDIA | 0.25% | 0.37% |
| GODREJ PROPERTIES LIMITED | 0.40% | 0.24% |
| Crompton Greaves Consumer Electricals Limited | 0.23% | 0.32% |
| SWIGGY LTD | 0.75% | 0.21% |
| One 97 Communications Ltd | 0.57% | 0.21% |
| Manappuram Finance Ltd. | 0.21% | 0.45% |
| Ruchi Soya Industries Ltd. | 0.21% | 0.21% |
| TATA CONSULTANCY SERVICES LTD. | 0.53% | 0.20% |
| Life Insurance Corporation Of India | 0.20% | 0.38% |
| HDFC Life Insurance Company Ltd | 0.33% | 0.19% |
| BANDHAN BANK LIMITED | 0.27% | 0.19% |
| SRF LTD. | 0.22% | 0.19% |
| BANK OF INDIA | 0.19% | 0.22% |
| Bharat Heavy Electricals Ltd. | 0.18% | 0.72% |
| Laurus Labs Ltd | 0.18% | 0.18% |
| TVS Motor Company Ltd. | 0.94% | 0.17% |
| GE VERNOVA T&D INDIA LIMITED | 0.55% | 0.17% |
| Hindustan Zinc Ltd. | 0.52% | 0.17% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.17% | 0.22% |
| PUNJAB NATIONAL BANK | 0.17% | 0.78% |
| Jindal Steel & Power Ltd | 0.41% | 0.16% |
| MUTHOOT FINANCE LTD. | 0.30% | 0.16% |
| Fortis Healthcare India Ltd | 0.22% | 0.16% |
| Ultratech Cement Ltd. | 0.16% | 0.42% |
| Mphasis Ltd | 0.27% | 0.15% |
| Suzlon Energy Ltd. | 0.22% | 0.15% |
| HITACHI ENERGY INDIA LTD. | 0.15% | 0.27% |
| HCL Technologies Ltd. | 0.15% | 0.27% |
| Ashok Leyland Ltd. | 0.35% | 0.14% |
| JSW ENERGY LTD. | 0.27% | 0.14% |
| Container Corporation of India Ltd. | 0.14% | 0.15% |
| KEI Industries Ltd. | 0.14% | 0.20% |
| Cipla Ltd. | 0.30% | 0.13% |
| ASTRAL LTD. | 0.19% | 0.13% |
| PUNJAB NATIONAL BANK | 0.13% | 0.47% |
| ETERNAL LIMITED | 0.13% | 0.16% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 0.44% | 0.12% |
| PNB HOUSING FINANCE LTD. | 0.29% | 0.12% |
| LIC HOUSING FINANCE LTD. | 0.27% | 0.12% |
| Bharat Electronics Ltd. | 0.12% | 1.36% |
| Central Depository Services (India) Ltd | 0.12% | 0.14% |
| DELHIVERY LTD | 0.36% | 0.11% |
| BHARAT FORGE LTD. | 0.36% | 0.11% |
| VEDANTA LTD. | 0.31% | 0.11% |
| ICICI Lombard General Insurance Company Ltd | 0.22% | 0.11% |
| Oil And Natural Gas Corporation Ltd. | 0.11% | 0.14% |
| Lupin Ltd. | 0.59% | 0.10% |
| Inter Globe Aviation Ltd | 0.34% | 0.10% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.44% | 0.09% |
| Alkem Laboratories Ltd. | 0.39% | 0.09% |
| MARICO LTD. | 0.34% | 0.09% |
| UPL Ltd | 0.27% | 0.09% |
| National Aluminium Company Ltd. | 0.17% | 0.09% |
| Voltas Ltd. | 0.13% | 0.09% |
| GMR AIRPORTS LIMITED | 0.09% | 0.40% |
| Bajaj Finserv Ltd. | 0.25% | 0.08% |
| Supreme Industries Limited | 0.13% | 0.08% |
| Asian Paints(India) Ltd. | 0.08% | 0.09% |
| Avenue Supermarts Ltd | 0.08% | 0.30% |
| PB Fintech Ltd. | 0.67% | 0.07% |
| SBI Life Insurance Company Ltd | 0.15% | 0.07% |
| BSE LTD | 0.12% | 0.07% |
| Max Financial Services Ltd | 0.07% | 0.09% |
| PHOENIX MILLS LTD. | 0.07% | 0.09% |
| GAIL (India) Ltd. | 0.44% | 0.06% |
| Tube Investments Of India Ltd. | 0.32% | 0.06% |
| Bosch Limited | 0.11% | 0.06% |
| United Spirits Ltd | 0.09% | 0.06% |
| NBCC (India) Ltd | 0.06% | 0.17% |
| INDIAN BANK | 0.13% | 0.05% |
| Indian Energy Exchange Ltd. | 0.12% | 0.05% |
| TRENT LTD | 0.06% | 0.05% |
| Oberoi Realty Limited | 0.05% | 0.07% |
| Bajaj Holdings and Investment Ltd | 0.05% | 0.06% |
| Persistent Systems Limited | 0.05% | 0.08% |
| Oil India Limited | 0.05% | 0.07% |
| L&T FINANCE LTD | 0.05% | 0.14% |
| Radico Khaitan Ltd. | 0.24% | 0.04% |
| PG ELECTROPLAST LTD | 0.14% | 0.04% |
| ANGEL ONE LIMITED | 0.13% | 0.04% |
| Shree Cement Ltd. | 0.07% | 0.04% |
| Colgate- Palmolive (India) Ltd. | 0.07% | 0.04% |
| INOX WIND LIMITED | 0.04% | 0.09% |
| ABB India Ltd. | 0.04% | 0.04% |
| Solar Industries India Limited | 0.04% | 0.38% |
| FSN E-Commerce Ventures Ltd. | 0.04% | 0.04% |
| polycab India Limited | 0.04% | 0.09% |
| Adani Ports and Special Economic Zone Limited | 0.04% | 0.46% |
| Nestle India Ltd. | 0.25% | 0.03% |
| SBI CARDS & PAYMENT SERVICES PVT. LTD. | 0.15% | 0.03% |
| Grasim Industries Ltd. | 0.09% | 0.03% |
| KPIT Technologies Ltd. | 0.04% | 0.03% |
| Amber Enterprises India Ltd | 0.03% | 0.07% |
| SAGILITY INDIA LTD. | 0.16% | 0.02% |
| Computer Age Management Services Limited | 0.12% | 0.02% |
| Pidilite Industries Ltd. | 0.08% | 0.02% |
| Prestige Estates Projects Limited | 0.04% | 0.02% |
| CG Power and Industrial Solutions Ltd. | 0.02% | 0.03% |
| 360 ONE WAM LIMITED | 0.02% | 0.05% |
| MACROTECH DEVELOPERS LTD | 0.02% | 0.17% |
| Max Healthcare Institute Ltd. | 0.04% | 0.01% |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED | 0.04% | 0.01% |
| Dabur India Ltd. | 0.01% | 0.18% |
| VISHAL MEGA MART LIMITED | 0.01% | 0.02% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.01% | 0.14% |
| Hero MotoCorp Ltd. | 0.01% | 0.06% |
| MAZAGOAN DOCK SHIPBUILDERS LTD. | 0.01% | 0.01% |
| Petronet LNG Ltd. | 0.01% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.2% means 52.2% 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 SBI Arbitrage Fund
| Security | % of fund |
|---|---|
| SBI Liquid Fund - DIRECT PLAN -Growth Option | 7.25% |
| SBI Money Market Fund - Direct Plan - Growth Option | 7.06% |
| HDFC Bank Ltd. | 2.54% |
| Bank of Baroda | 1.06% |
| Union Bank of India | 1.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Arbitrage | SBI Arbitrage |
|---|---|---|
| Equity | 71.1% | 77.2% |
| Debt | 5.8% | 6.5% |
| Cash and others | 23.1% | 16.4% |
Market cap of stocks
| Market cap | Kotak Arbitrage | SBI Arbitrage |
|---|---|---|
| Large Cap | 52.1% | 61.8% |
| Mid Cap | 16.4% | 13.2% |
| Small Cap | 2.6% | 2.1% |
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 | SBI Arbitrage |
|---|---|---|
| Banks | 14.4% | 20.0% |
| Petroleum Products | 4.6% | 6.3% |
| Finance | 5.7% | 5.7% |
| Power | 3.9% | 4.3% |
| Pharmaceuticals and Biotechnology | 4.2% | 0.0% |
| Telecom - Services | 3.4% | 4.1% |
| Ferrous Metals | 3.0% | 3.8% |
| IT - Software | 3.8% | 2.3% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Arbitrage vs SBI Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Arbitrage Fund | SBI Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.31% | 1.47% |
| Base expense ratio (Direct) | 0.33% | 0.34% |
| Total expense ratio (Regular) | 2.89% | 1.99% |
| 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 SBI Arbitrage Fund: Frequently Asked Questions
What is the difference between Kotak Arbitrage Fund and SBI Arbitrage Fund?
Both are Arbitrage funds, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 52.2%. Kotak Arbitrage Fund charges 2.31% a year and SBI Arbitrage Fund 1.47%.
Which has given higher returns, Kotak Arbitrage Fund or SBI Arbitrage Fund?
Over 1 year: Kotak Arbitrage Fund +6.75%, SBI Arbitrage Fund +6.59%. Over 3 years: Kotak Arbitrage Fund +7.43% a year, SBI Arbitrage Fund +7.24% a year. Over 5 years: Kotak Arbitrage Fund +6.98% a year, SBI 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 SBI Arbitrage Fund?
SBI Arbitrage Fund charges less: 1.47% a year against 2.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Arbitrage Fund and SBI Arbitrage Fund overlap?
52.2%. They hold 168 of the same securities, the largest shared ones being RELIANCE, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Arbitrage Fund or SBI Arbitrage Fund?
On SEBI's riskometer, Kotak Arbitrage Fund is rated Low and SBI Arbitrage Fund Low. Over 3 years, the standard deviation of daily returns was 1.10% and 1.12% a year.
Which is better for SIP, Kotak Arbitrage Fund or SBI 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 ₹7,31,848 in SBI 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 SBI Arbitrage Fund?
Yes. 52.2% 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 SBI Arbitrage Fund?
Kotak Arbitrage Fund: Hiten Shah. SBI Arbitrage Fund: Neeraj Kumar - Equity, Ardhendu Bhattacharya.
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.