quant Arbitrage Fund vs Zerodha CASE Arbitrage Fund
quant Arbitrage Fund and Zerodha CASE Arbitrage Fund are both Arbitrage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility 0.69% vs —, maximum drawdown −0.39% vs −0.34%. Their portfolios overlap by -23.3% (22 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| Fund house | quant Mutual Fund | Zerodha CASE Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹11.1959 | ₹10.1286 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 7 Apr 2025 | 20 Aug 2026 |
| Track record | 1.6 yrs | 0.2 yrs |
| Fund size (AUM) | ₹257 Cr | ₹15 Cr |
| Securities held | 109 | 51 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| 1 month | +0.51% | +0.41% |
| 3 months | +1.72% | — |
| 6 months | +3.64% | — |
| 1 year | +7.51% | — |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +7.35% | — |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| 2026 (year to date) | +6.31% | — |
Risk
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| Volatility (annualised) ⓘ | 0.69% | — |
| Downside volatility ⓘ | 0.46% | — |
| Sharpe ratio ⓘ | 1.24 | — |
| Sortino ratio ⓘ | 1.83 | — |
| Maximum drawdown ⓘ | −0.39% | −0.34% |
| Recovery from that fall | 0 months | 0 months |
| Current fall from peak | −0.12% | −0.13% |
| Rolling 1-year return: worst | +7.08% | — |
| Rolling 1-year return: median | +7.51% | — |
| Rolling 1-year return: best | +7.92% | — |
| Share of 1-year periods with a loss | 0.00% | — |
Against each fund's benchmark
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| Debt | 21.29% | 0.10% |
| Cash & equivalents | 2.25% | -0.57% |
| Derivatives | -76.73% | 0.00% |
| Equity | 0.00% | 0.65% |
| Mutual Fund Units | 0.00% | 0.13% |
Market-cap split (share of fund assets)
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| Large Cap | 0.00% | 0.47% |
| Mid Cap | 0.00% | 0.16% |
| Small Cap | 0.00% | 0.05% |
| Unclassified | 0.00% | 0.00% |
Concentration
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| Top 10 holdings | 20.84% | 0.52% |
| Effective number of stocks ⓘ | 52.2 | 213762 |
| Securities held | 109 | 51 |
Portfolio overlap: -23.3%
22 companies are held by both funds; by weight, -23.3% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | quant Arbitrage | Zerodha CASE Arbitrage |
|---|---|---|
| Tata Steel Ltd. | -0.12% | 0.02% |
| Tata Consultancy Services Limited | -0.16% | 0.01% |
| Godrej Properties Limited | -0.18% | 0.02% |
| Bank of India | -0.20% | 0.00% |
| HDFC Asset Management Company Limited | -0.23% | 0.00% |
| Cummins India Limited | -0.29% | 0.00% |
| Tata Power Company Limited | -0.43% | 0.01% |
| Divi's Laboratories Limited | -0.44% | 0.00% |
| Union Bank of India | -0.62% | 0.00% |
| Life Insurance Corporation Of India | -0.67% | 0.02% |
| Bajaj Finance Limited | -0.69% | 0.01% |
| Canara Bank | -0.78% | 0.00% |
| Adani Power Limited | -0.85% | 0.00% |
| Bharti Airtel Limited | -0.87% | 0.03% |
| ICICI Bank Limited | -0.88% | 0.04% |
Top 10 holdings
quant Arbitrage
- Small Industries Development Bank of India4.80%
- TREPS 01-Oct-2026 DEPO 103.63%
- 182 Days TBILL MAT 1803271.93%
- 364 Days Tbill (MD 01/07/2027)1.90%
- 364 Days Treasury Bill 29-Jul-20271.89%
- 364 DAY T-BILL 05.08.271.89%
- 364 Days - T Bill - 20/05/20271.44%
- 364 Days Tbill (MD 28/05/2027)1.43%
- 364 DAY T-BILL 08.04.270.96%
- 364 Days Treasury Bill 29-Apr-20270.96%
Zerodha CASE Arbitrage
- HSBC Liquid Fund - Direct Growth0.13%
- 364 Days Treasury Bill 12-Aug-20270.10%
- HDFC Bank Limited0.08%
- ICICI Bank Limited0.04%
- The Federal Bank Limited0.04%
- Crompton Greaves Consumer Electricals Limited0.03%
- IDFC First Bank Limited0.03%
- Bharti Airtel Limited0.03%
- Bank of Baroda0.02%
- PNB Housing Finance Limited0.02%
Sector exposure
| quant Arbitrage | Zerodha CASE Arbitrage | |
|---|---|---|
| Sovereign | 9.83% | 0.10% |
| N.A. | 7.91% | 0.00% |
| CRISIL A1+ | 4.80% | 0.00% |
| SOVEREIGN | 2.38% | 0.00% |
| Banks | -11.23% | 0.28% |
| Unclassified | 0.00% | 0.13% |
| IT - Software | -0.73% | 0.05% |
| Telecom - Services | -4.27% | 0.05% |
| Finance | -5.88% | 0.04% |
| Automobiles | -1.26% | 0.03% |
| Consumer Durables | -2.01% | 0.03% |
| Retailing | -5.48% | 0.03% |
| Ferrous Metals | -0.96% | 0.02% |
| Realty | -0.98% | 0.02% |
Questions people ask
What is the difference between quant Arbitrage and Zerodha CASE Arbitrage returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +7.51% vs —; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do quant Arbitrage and Zerodha CASE Arbitrage compare on risk?
Volatility (36 monthly returns, annualised) 0.69% vs —; Sharpe ratio 1.24 vs —; Sortino ratio 1.83 vs —; maximum drawdown −0.39% vs −0.34%; beta — vs —.
How much do quant Arbitrage and Zerodha CASE Arbitrage overlap?
By weight, -23.3% of the two portfolios is invested in the same companies; 22 stocks are held by both, the largest shared positions being Tata Steel Ltd., Tata Consultancy Services Limited, Godrej Properties Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of quant Arbitrage and Zerodha CASE Arbitrage?
quant Arbitrage: large cap 0.0%, mid cap 0.0%, small cap 0.0%. Zerodha CASE Arbitrage: large cap 0.5%, mid cap 0.2%, small cap 0.1% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.