Regular Plan · Growth · Arbitrage · Scheme code 105968
NAV₹40.2520as on 25 Sep 2026
Fund houseKotak Mahindra Mutual Fund
CategoryArbitrage
Plan & optionRegular · Growth
History19.2 years
Returns (%)
1M
3M
6M
1Y
3Y
5Y
7Y
10Y
Launch
This scheme
0.52
1.43
2.80
6.05
6.85
6.27
5.72
5.88
6.76
Arbitrage category median
—
—
—
6.06
6.59
5.97
—
5.74
—
Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published
NAV history for this scheme.
Risk
Volatility
Sharpe
Sortino
Beta
Alpha
Max fall
R²
This scheme
1.3%
0.27
0.50
—
—
-0.6%
—
Risk-free rate 6.5%. Beta, alpha and R² are regressed on the
— months this scheme and its benchmark share.
Growth of ₹100 since launch
Every one-year period it has lived through
Windows
Worst
Median
Best
Periods that lost money
898
3.4%
6.6%
10.1%
0%
Every one-year holding period in this scheme's history, not just the last one — the
spread a real investor would have met depending only on when they started.
Kotak Arbitrage Fund
Regular Plan · Growth
Allocation
By asset
Mutual Fund Units
18.17%
Debt
6.92%
Cash & Equivalents
0.65%
By market cap
Mid Cap
0.05%
Small Cap
0.01%
Unclassified
25.09%
Concentration
Number of stocks
533
Top 5 stocks
23.34%
Top 10 stocks
33.18%
Top 20 stocks
46.13%
Lines in the filing
537
Largest holding
9.68%
Largest sector
Mutual Fund 18.17%
Effective stocks
36.1
Sectors held
50
Cash
0.65%
Effective stocks is what the concentration works out to: a fund holding
533 names but most of its money in a few
behaves like a fund of 36. Cash includes repo and TREPS, which
every fund parks money in overnight.
Sector split
Mutual Fund
18.17%
Banks
14.86%
Finance
5.77%
Power
4.45%
Telecom - Services
4.07%
CARE A1+
4.02%
Pharmaceuticals and Biotechnology
3.69%
Petroleum Products
3.44%
Automobiles
2.55%
IT - Software
2.50%
Ferrous Metals
2.41%
Insurance
2.31%
Non - Ferrous Metals
2.14%
Healthcare Services
1.74%
Auto Components
1.70%
Electrical Equipment
1.69%
Capital Markets
1.62%
Diversified FMCG
1.62%
Industrial Products
1.59%
Consumer Durables
1.43%
Kotak Arbitrage Fund
Regular Plan · Growth · holdings
Top 30 holdings
#
Company
Sector
Shares held
Value ₹ cr
% of fund
1
Kotak Money Market Fund Direct Growth
Mutual Fund
14,979,603
7,326
9.68%
2
Kotak Savings Fund Direct Growth
Mutual Fund
709,655,522
3,433
4.53%
3
AXIS BANK LTD.
Banks
20,447,500
2,658
3.51%
4
HDFC BANK LTD.
Banks
30,438,850
2,158
2.85%
5
Kotak Low Duration Fund Direct Growth
Mutual Fund
5,338,100
2,097
2.77%
6
ICICI BANK LTD.
Banks
12,877,200
1,872
2.47%
7
RELIANCE INDUSTRIES LTD.
Petroleum Products
11,806,500
1,508
1.99%
8
HDFC BANK LTD.
CARE A1+
150,000
1,455
1.92%
9
BAJAJ FINANCE LTD.
Finance
12,898,500
1,363
1.80%
10
Vodafone Idea Ltd
Telecom - Services
876,283,500
1,256
1.66%
11
BHARTI AIRTEL LTD.
Telecom - Services
6,748,325
1,223
1.61%
12
STATE BANK OF INDIA.
Banks
10,773,000
1,142
1.51%
13
Coal India Limited
Consumable Fuels
26,565,300
1,067
1.41%
14
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
CARE A1+
105,000
1,017
1.34%
15
Hindalco Industries Ltd.
Non - Ferrous Metals
9,650,900
980
1.29%
16
ADANI POWER LTD
Power
49,305,950
976
1.29%
17
Kotak Liquid Direct Growth
Mutual Fund
1,566,815
897
1.19%
18
NTPC LTD
Power
27,370,500
896
1.18%
19
Tata Steel Ltd.
Ferrous Metals
45,020,250
830
1.10%
20
ITC Ltd.
Diversified FMCG
30,451,425
778
1.03%
21
Apollo Hospitals Enterprise Ltd.
Healthcare Services
856,750
762
1.01%
22
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD.
Finance
3,994,375
742
0.98%
23
NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT
FITCH A1+
75,000
727
0.96%
24
KOTAK MAHINDRA BANK LTD.
Banks
16,698,000
700
0.92%
25
SAMVARDHANA MOTHERSON INTERNATIONAL LTD
Auto Components
39,882,750
681
0.90%
26
Adani Ports and Special Economic Zone Limited
Transport Infrastructure
4,249,825
677
0.89%
27
Adani Green Energy Ltd.
Power
5,484,000
666
0.88%
28
INDIAN OIL CORPORATION LTD.
Petroleum Products
44,625,750
621
0.82%
29
TATA CONSUMER PRODUCTS LTD.
Agricultural Food and other Product
5,993,350
622
0.82%
30
Triparty Repo
—
609
0.80%
Kotak Arbitrage Fund
Regular Plan · Growth · where the money sits
What the manager did last month
Between the filings of 31 Jul 2026 and 31 Aug 2026.
A position grows because the manager bought or because the price rose; only the share count separates them.
Bought
Sold
New positions
Sold out of
Price move of holdings
₹0 cr
₹2,464 cr
12
9
+0.56%
Stock
Shares traded
Shares
Price
Value ₹ cr
New position
ATHER ENERGY LTD-SEP2026
-26,625
entered
—
-4.4
ASTRAL LTD.-SEP2026
-34,850
entered
—
-5.5
SHREE CEMENT LTD.-SEP2026
-2,500
entered
—
-6.0
OIL INDIA LIMITED-SEP2026
-442,400
entered
—
-21.5
SBI CARDS & PAYMENT SERVICES PVT. LTD.-SEP2026
-351,200
entered
—
-23.4
NIPPON LIFE INDIA ASSET MANAGEMENT LTD.-SEP2026
-308,125
entered
—
-37.5
BANK OF MAHARASHTRA-SEP2026
-5,128,500
entered
—
-42.6
MAZAGOAN DOCK SHIPBUILDERS LTD-SEP2026
-205,650
entered
—
-51.6
Trimmed
Kotak Liquid Direct Growth
4,302,325
-73.3%
+0.5%
2,464
Sold out of
INE472A01039
-325
exited
—
-0.1
INE089A01031
-1,875
exited
—
-0.2
INE603J01030
-2,100
exited
—
-0.6
INE797F01020
-37,500
exited
—
-1.6
INE0V6F01027
-15,675
exited
—
-3.4
INE020B01018
-524,475
exited
—
-19.5
INE758T01015
-1,333,750
exited
—
-40.6
INE00R701025
-609,700
exited
—
-110.3
Not equity
Previous filing
This filing
Change
Cash, repo and TREPS
₹0 cr
₹0 cr
+₹0 cr
Debt: bills, CDs and commercial paper
₹6,464 cr
₹5,263 cr
−₹1,201 cr
The list above is stocks and fund units. Treasury bills, repo and money-market
lines roll over every month by design — they are not decisions, so they are totalled here rather
than listed as activity.
A ₹10,000 monthly SIP over five years
Invested
Value
Gain
XIRR
₹600,000
₹708,854
₹108,854
6.61%
XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has
been invested for a different length of time.
Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the
portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past
returns do not predict future ones. Generated 27 Sep 2026.
