Kotak Arbitrage Fund vs Zerodha Nifty LargeMidcap 250 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Arbitrage Fund is an Arbitrage fund and Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund. In the year to 30-10-2026, Kotak Arbitrage Fund (Direct) returned 6.8% and Zerodha Nifty LargeMidcap 250 Index Fund (Direct) returned −6.2%. Kotak Arbitrage Fund charges 2.31% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38% (Direct plans). Their portfolios overlap 50.7%: they hold 158 of the same securities.
Zerodha Nifty LargeMidcap 250 Index Fund
Index
- 1 year return
- −6.2%
- Expense ratio
- 0.38%
- NAV
- ₹13.46
Which is better, Kotak Arbitrage or Zerodha Nifty LargeMidcap 250 Index? 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 1 year: 6.8% against −6.2%.
- Zerodha Nifty LargeMidcap 250 Index costs less: 0.38% a year against 2.31% (Direct plans).
- Kotak Arbitrage fell less in its worst fall since 10-11-2023: −0.5% against −18.8%.
- Kotak Arbitrage is the larger fund: ₹75,275 Cr against ₹1,569 Cr.
- Their portfolios overlap 50.7%: 158 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 | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Zerodha Mutual Fund |
| Category | Arbitrage | Index |
| AUM | ₹75,275 Cr (30-09-2026) | ₹1,569 Cr (30-09-2026) |
| NAV | ₹43.60 (Direct) | ₹13.46 (Direct) |
| Expense ratio (Direct) | 2.31% | 0.38% |
| Expense ratio (Regular) | 2.89% | Not available |
| Riskometer | Low | Very High |
| Benchmark | Nifty 50 Arbitrage Index | Nifty LargeMidcap 250 TRI |
| Launch date | 29-09-2005 | 08-11-2023 |
| Minimum investment | ₹100 | Rs. 100. |
| Lock in | None | None |
| Fund managers | Hiten Shah | Kedarnath Mirajkar |
| Exit load | Exit load of 0.25% if redeemed within 30 days | Nil |
Kotak Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: 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% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −1.31% | −6.83% | −3.29% | −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 Zerodha Nifty LargeMidcap 250 Index: Year-wise Returns
| Year | Kotak ArbitrageKotak Arbitrage | Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| 2026to date | +5.53% | −6.89% |
| 2025 | +7.06% | +8.37% |
| 2024 | +8.47% | +18.50% |
| 2023 | +8.01% | -- |
| 2022 | +5.14% | -- |
| 2021 | +4.56% | -- |
Kotak Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Zerodha Nifty LargeMidcap 250 Index Fund
Rolling returns
Every 1-year holding period, 485 of them, one for each trading day from 11-11-2024 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)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.2% | 6.2% | 8.7% | 58% |
| Zerodha Nifty LargeMidcap 250 Index | 14.4 | 31.8 | 29.7 | 12.6 | 4.7 | 1.9 | 4.9 | 6.9% | 5.7% | −7.7% | 33.3% | 81% |
| NIFTY LargeMidcap 250 TRI | 15.7 | 31.1 | 30.5 | 11.1 | 4.7 | 1.9 | 4.9 | 6.8% | 5.6% | −8.0% | 33.7% | -- |
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. The benchmark is NIFTY LargeMidcap 250 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 10-11-2023. Past returns do not promise future returns.
Kotak Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: 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 01-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak ArbitrageKotak Arbitrage Fund (Direct) | ₹3,60,000 | ₹4,00,193 | ₹40,193 | 7.0% |
| Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index Fund (Direct) | ₹3,60,000 | ₹3,69,843 | ₹9,843 | 1.8% |
Kotak ArbitrageKotak Arbitrage Fund (Direct)
Zerodha Nifty LargeMidcap 250 IndexZerodha Nifty LargeMidcap 250 Index 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 Zerodha Nifty LargeMidcap 250 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Arbitrage Fund (Direct) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | −6.24% |
| Standard deviation | 1.38% | 14.85% |
| Sharpe ratio | 1.09 | -0.77 |
| Sortino ratio | 1.65 | -1.03 |
| Maximum drawdown | −0.5% (06-08-2026) | −14.3% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.23% |
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) | Zerodha Nifty LargeMidcap 250 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.07% | +10.48% |
| Standard deviation | 1.02% | 14.89% |
| Sharpe ratio | 1.00 | 0.30 |
| Sortino ratio | 1.52 | 0.40 |
| Maximum drawdown | −0.6% (03-06-2020) | −18.8% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | +0.04% |
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)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
| 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% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
| NIFTY LargeMidcap 250 TRI | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
From daily values since 10-11-2023, 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)
Zerodha Nifty LargeMidcap 250 Index Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Arbitrage Fund (Direct) | 19% | -14% | 15.93% |
| Zerodha Nifty LargeMidcap 250 Index Fund (Direct) | 100% | 100% | 0.08% |
From month-end values since 10-11-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Kotak Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Arbitrage Fund, September 2026; Zerodha Nifty LargeMidcap 250 Index Fund, September 2026
Holdings in common
- Overlap
- 50.7%
- Held by both
- 158
- Only in Kotak Arbitrage
- 36
- Only in Zerodha Nifty LargeMidcap 250 Index
- 92
| Security | % of Kotak Arbitrage | % of Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| ICICI BANK LTD. | 4.17% | 3.68% |
| RELIANCE INDUSTRIES LTD. | 3.06% | 3.08% |
| HDFC BANK LTD. | 2.03% | 4.22% |
| BHARTI AIRTEL LTD. | 1.45% | 2.07% |
| AXIS BANK LTD. | 2.94% | 1.37% |
| STATE BANK OF INDIA. | 1.35% | 1.54% |
| Infosys Ltd. | 1.25% | 1.36% |
| BAJAJ FINANCE LTD. | 1.20% | 1.02% |
| ITC Ltd. | 0.85% | 0.98% |
| Coforge Limited | 0.78% | 0.75% |
| Maruti Suzuki India Limited | 0.66% | 0.60% |
| NTPC LTD | 0.64% | 0.60% |
| Tata Steel Ltd. | 1.53% | 0.59% |
| Indus Towers Ltd. | 0.65% | 0.59% |
| Lupin Ltd. | 0.59% | 0.61% |
| Info Edge India Ltd. | 0.59% | 0.58% |
| Hindustan Unilever Ltd. | 0.57% | 0.65% |
| One 97 Communications Ltd | 0.57% | 0.89% |
| GE VERNOVA T&D INDIA LIMITED | 0.55% | 0.64% |
| Hindalco Industries Ltd. | 1.31% | 0.53% |
| SHRIRAM FINANCE LIMITED | 0.59% | 0.53% |
| TATA CONSULTANCY SERVICES LTD. | 0.53% | 0.81% |
| INDIAN HOTELS CO LTD | 0.52% | 0.79% |
| APL Apollo Tubes Ltd | 0.61% | 0.49% |
| JSW Steel Ltd. | 0.74% | 0.47% |
| IDFC FIRST BANK LIMITED | 0.47% | 0.67% |
| KOTAK MAHINDRA BANK LTD. | 0.47% | 1.19% |
| Divis Laboratories Ltd. | 0.96% | 0.46% |
| SWIGGY LTD | 0.75% | 0.46% |
| PB Fintech Ltd. | 0.67% | 0.46% |
| Bajaj Auto Ltd. | 0.52% | 0.46% |
| Mahindra & Mahindra Ltd. | 0.46% | 1.02% |
| YES BANK LTD. | 0.56% | 0.45% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 0.44% | 0.41% |
| Coal India Limited | 1.18% | 0.40% |
| Aurobindo Pharma Ltd. | 0.39% | 0.57% |
| Tech Mahindra Ltd. | 0.69% | 0.38% |
| Eicher Motors Ltd. | 0.40% | 0.38% |
| Alkem Laboratories Ltd. | 0.39% | 0.38% |
| TVS Motor Company Ltd. | 0.94% | 0.37% |
| BHARAT FORGE LTD. | 0.36% | 0.66% |
| Ashok Leyland Ltd. | 0.35% | 0.54% |
| Hindustan Aeronautics Ltd. | 0.35% | 0.34% |
| MARICO LTD. | 0.34% | 0.51% |
| Inter Globe Aviation Ltd | 0.34% | 0.44% |
| ADANI POWER LTD | 1.43% | 0.33% |
| NMDC Ltd. | 0.41% | 0.33% |
| Apollo Hospitals Enterprise Ltd. | 0.35% | 0.33% |
| Steel Authority of India Ltd. | 0.35% | 0.32% |
| BIOCON LTD. | 0.32% | 0.32% |
| Adani Enterprises Ltd | 0.32% | 0.38% |
| Tube Investments Of India Ltd. | 0.32% | 0.31% |
| TITAN COMPANY LTD. | 0.31% | 0.74% |
| ADITYA BIRLA CAPITAL LTD | 0.30% | 0.40% |
| Glenmark Pharmaceuticals Ltd | 0.30% | 0.43% |
| Cipla Ltd. | 0.30% | 0.29% |
| Larsen and Toubro Ltd. | 0.29% | 1.71% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 0.62% | 0.28% |
| JIO FINANCIAL SERVICES LTD | 0.34% | 0.28% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 0.88% | 0.27% |
| TORRENT PHARMACEUTICALS LTD. | 0.63% | 0.27% |
| GODREJ PROPERTIES LIMITED | 0.40% | 0.27% |
| JSW ENERGY LTD. | 0.27% | 0.37% |
| Mphasis Ltd | 0.27% | 0.35% |
| UPL Ltd | 0.27% | 0.37% |
| Cummins India Ltd. | 0.82% | 0.25% |
| Nestle India Ltd. | 0.25% | 0.36% |
| KALYAN JEWELLERS INDIA LTD. | 0.25% | 0.26% |
| Bajaj Finserv Ltd. | 0.25% | 0.39% |
| TATA CONSUMER PRODUCTS LTD. | 0.67% | 0.24% |
| BHARAT PETROLEUM CORPORATION LTD. | 0.44% | 0.24% |
| Radico Khaitan Ltd. | 0.24% | 0.42% |
| Varun Beverages Limited | 0.46% | 0.23% |
| TATA MOTORS PASSENGER VEHICLES LTD | 0.43% | 0.23% |
| Tata Power Company Ltd. | 0.25% | 0.23% |
| HDFC Life Insurance Company Ltd | 0.33% | 0.22% |
| Suzlon Energy Ltd. | 0.22% | 0.59% |
| Fortis Healthcare India Ltd | 0.22% | 0.49% |
| SRF LTD. | 0.22% | 0.44% |
| ICICI Lombard General Insurance Company Ltd | 0.22% | 0.48% |
| INDIAN OIL CORPORATION LTD. | 0.69% | 0.20% |
| LIC HOUSING FINANCE LTD. | 0.27% | 0.20% |
| Life Insurance Corporation Of India | 0.20% | 0.62% |
| ASTRAL LTD. | 0.19% | 0.21% |
| BANK OF INDIA | 0.19% | 0.19% |
| Power Finance Corporation Ltd. | 0.80% | 0.18% |
| GAIL (India) Ltd. | 0.44% | 0.18% |
| VEDANTA LTD. | 0.31% | 0.18% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 0.28% | 0.18% |
| Bharat Heavy Electricals Ltd. | 0.18% | 0.75% |
| Laurus Labs Ltd | 0.18% | 0.95% |
| ADANI ENERGY SOLUTIONS LTD. | 0.72% | 0.17% |
| BANK OF BARODA | 0.69% | 0.17% |
| Adani Green Energy Ltd. | 0.58% | 0.17% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.17% | 0.75% |
| National Aluminium Company Ltd. | 0.17% | 0.38% |
| CANARA BANK | 0.55% | 0.16% |
| Jindal Steel & Power Ltd | 0.41% | 0.16% |
| Ultratech Cement Ltd. | 0.16% | 0.50% |
| Ruchi Soya Industries Ltd. | 0.21% | 0.15% |
| PUNJAB NATIONAL BANK | 0.17% | 0.15% |
| SBI CARDS & PAYMENT SERVICES PVT. LTD. | 0.15% | 0.21% |
| HITACHI ENERGY INDIA LTD. | 0.15% | 0.15% |
| SBI Life Insurance Company Ltd | 0.15% | 0.30% |
| HCL Technologies Ltd. | 0.15% | 0.50% |
| Vodafone Idea Ltd | 1.30% | 0.14% |
| Container Corporation of India Ltd. | 0.14% | 0.19% |
| KEI Industries Ltd. | 0.14% | 0.34% |
| UNION BANK OF INDIA | 0.25% | 0.13% |
| Supreme Industries Limited | 0.13% | 0.27% |
| Voltas Ltd. | 0.13% | 0.30% |
| INDIAN BANK | 0.13% | 0.35% |
| ETERNAL LIMITED | 0.13% | 0.90% |
| BSE LTD | 0.12% | 0.49% |
| Bharat Electronics Ltd. | 0.12% | 0.54% |
| BANK OF MAHARASHTRA | 0.12% | 0.20% |
| Page Industries Ltd | 0.12% | 0.28% |
| Hindustan Zinc Ltd. | 0.52% | 0.11% |
| MUTHOOT FINANCE LTD. | 0.30% | 0.11% |
| Oil And Natural Gas Corporation Ltd. | 0.11% | 0.34% |
| Bosch Limited | 0.11% | 0.16% |
| AMBUJA CEMENTS LTD. | 0.44% | 0.09% |
| Grasim Industries Ltd. | 0.09% | 0.45% |
| GMR AIRPORTS LIMITED | 0.09% | 0.41% |
| United Spirits Ltd | 0.09% | 0.49% |
| Asian Paints(India) Ltd. | 0.08% | 0.42% |
| Avenue Supermarts Ltd | 0.08% | 0.24% |
| Pidilite Industries Ltd. | 0.08% | 0.18% |
| Shree Cement Ltd. | 0.07% | 0.37% |
| Max Financial Services Ltd | 0.07% | 0.45% |
| PHOENIX MILLS LTD. | 0.07% | 0.44% |
| Colgate- Palmolive (India) Ltd. | 0.07% | 0.29% |
| TRENT LTD | 0.06% | 0.34% |
| Oberoi Realty Limited | 0.05% | 0.26% |
| Bajaj Holdings and Investment Ltd | 0.05% | 0.18% |
| Persistent Systems Limited | 0.05% | 0.71% |
| Oil India Limited | 0.05% | 0.30% |
| L&T FINANCE LTD | 0.05% | 0.28% |
| Max Healthcare Institute Ltd. | 0.04% | 0.27% |
| ABB India Ltd. | 0.04% | 0.14% |
| SIEMENS ENERGY INDIA LTD | 0.04% | 0.11% |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED | 0.04% | 0.19% |
| Solar Industries India Limited | 0.04% | 0.19% |
| FSN E-Commerce Ventures Ltd. | 0.04% | 0.54% |
| polycab India Limited | 0.04% | 0.17% |
| Adani Ports and Special Economic Zone Limited | 0.04% | 0.55% |
| Prestige Estates Projects Limited | 0.04% | 0.31% |
| CG Power and Industrial Solutions Ltd. | 0.02% | 0.23% |
| 360 ONE WAM LIMITED | 0.02% | 0.33% |
| MACROTECH DEVELOPERS LTD | 0.02% | 0.41% |
| Dabur India Ltd. | 0.01% | 0.28% |
| VISHAL MEGA MART LIMITED | 0.01% | 0.35% |
| Wipro Ltd. | 0.01% | 0.17% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.01% | 0.13% |
| Hero MotoCorp Ltd. | 0.01% | 0.84% |
| BHARAT DYNAMICS LTD. | 0.01% | 0.13% |
| MAZAGOAN DOCK SHIPBUILDERS LTD. | 0.01% | 0.06% |
| Petronet LNG Ltd. | 0.01% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.7% means 50.7% 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 Zerodha Nifty LargeMidcap 250 Index Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 1.04% |
| The Federal Bank Limited | 0.96% |
| IndusInd Bank Limited | 0.73% |
| AU Small Finance Bank Limited | 0.72% |
| Dixon Technologies (India) Limited | 0.67% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Arbitrage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Equity | 71.1% | 99.6% |
| Debt | 5.8% | 0.0% |
| Cash and others | 23.1% | 0.4% |
Market cap of stocks
| Market cap | Kotak Arbitrage | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Large Cap | 52.1% | 52.0% |
| Mid Cap | 16.4% | 46.3% |
| Small Cap | 2.6% | 1.3% |
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 | Zerodha Nifty LargeMidcap 250 Index |
|---|---|---|
| Banks | 14.4% | 16.9% |
| Pharmaceuticals & Biotechnology | 0.0% | 6.7% |
| Finance | 5.7% | 6.5% |
| IT - Software | 3.8% | 5.6% |
| Petroleum Products | 4.6% | 3.9% |
| Retailing | 1.7% | 4.3% |
| Pharmaceuticals and Biotechnology | 4.2% | 0.0% |
| Automobiles | 3.4% | 4.0% |
| Power | 3.9% | 3.2% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Arbitrage vs Zerodha Nifty LargeMidcap 250 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Arbitrage Fund | Zerodha Nifty LargeMidcap 250 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.31% | 0.38% |
| Base expense ratio (Direct) | 0.33% | 0.25% |
| Total expense ratio (Regular) | 2.89% | Not available |
| Base expense ratio (Regular) | 0.83% | 0.00% |
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
Kotak Arbitrage Fund vs Zerodha Nifty LargeMidcap 250 Index Fund: Frequently Asked Questions
What is the difference between Kotak Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Kotak Arbitrage Fund is an Arbitrage fund, Zerodha Nifty LargeMidcap 250 Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 50.7%. Kotak Arbitrage Fund charges 2.31% a year and Zerodha Nifty LargeMidcap 250 Index Fund 0.38%.
Which has given higher returns, Kotak Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Over 1 year: Kotak Arbitrage Fund +6.75%, Zerodha Nifty LargeMidcap 250 Index Fund −6.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
Zerodha Nifty LargeMidcap 250 Index Fund charges less: 0.38% a year against 2.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund overlap?
50.7%. They hold 158 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Arbitrage Fund or Zerodha Nifty LargeMidcap 250 Index Fund?
On SEBI's riskometer, Kotak Arbitrage Fund is rated Low and Zerodha Nifty LargeMidcap 250 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 1.38% and 14.85% a year.
Can I invest in both Kotak Arbitrage Fund and Zerodha Nifty LargeMidcap 250 Index Fund?
Yes. 50.7% 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 Zerodha Nifty LargeMidcap 250 Index Fund?
Kotak Arbitrage Fund: Hiten Shah. Zerodha Nifty LargeMidcap 250 Index Fund: Kedarnath Mirajkar.
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.