Kotak Arbitrage Fund

Plan Direct Regular

Option Growth IDCW

All plans and options of Kotak Arbitrage Fund

Scheme (as filed with AMFI)	Plan	Option	NAV	AMFI code
Kotak Arbitrage Fund — Direct Plan — Growth	Direct	Growth	₹43.7214 12 Nov 2026	119771
Kotak Arbitrage Fund — Direct Plan — IDCW - Payout & Re-investment of Income Distribution cum capital withdrawal optio	Direct	IDCW	₹11.2346 12 Nov 2026	119770
Kotak Arbitrage Fund — Regular Plan — Growth	Regular	Growth	₹40.5775 12 Nov 2026	105968
Kotak Arbitrage Fund — Regular Plan — IDCW - Payout & Re-investment of Income Distribution cum capital withdrawal optio	Regular	IDCW	₹10.7486 12 Nov 2026	105967

Direct–Growth is the plan and option we treat as this fund's main page, so search engines are pointed there. Everything below is this filing's own data.

Fund basics

Net Asset Value ₹11.2346 declared 12 Nov 2026 · source AMFI

Launched4 Jan 2013 13.9 years of history

CategoryArbitrageSEBI classification

Plan & optionDirect · IDCW - Payout & Re-investment of Income Distribution cum capital withdrawal optio code 119770

Benchmark— no equity benchmark for this category

NAV as on12 Nov 2026source AMFI

Everything the NAV says

Computed from 3,407 published NAVs between 4 Jan 2013 and 12 Nov 2026 — 13.9 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.

How it has moved

Return over time (%)

Fund name	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Since launch
Kotak Arbitrage Fund Direct	0.17	-0.03	0.27	0.19	-0.02	0.01	0.19	0.27	0.36
Arbitrage category median · 29 funds	—	—	—	6.70	7.22	6.76	—	6.37	—

Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is a low-cost index fund that tracks the index, which runs a little below it after the fund's own costs, measured to 12 Nov 2026. The category row is the median Direct plan in Arbitrage — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 12 Nov 2026.

Risk measures

Fund name	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall
Kotak Arbitrage Fund Direct	0.53	-12.23	-3.50	—	—	-2.19

Risk-free rate 6.5%. The benchmark row is a low-cost index fund tracking the index. Beta and alpha need the index as a reference, so the benchmark's own row leaves them blank.

Risk

Volatility	Downside volatility	Sharpe	Sortino
0.5%	1.9%	-12.23	-3.50

Risk-free rate 6.5%, roughly the 10-year government bond.

The worst it has been

Deepest fall	Time to recover	Today, from its peak
-2.2%	22 months	-0.7%

How far below its own record high the fund sat, on every single day it has existed. Flat along the top means it was making new highs; every dip is a stretch where somebody who bought at the wrong moment was down.

A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.

Every one-year period it has lived through

Best year	Median year	Worst year	Losing years
2.2%	0.2%	-1.3%	32%

The full spread of one-year outcomes, with the fund's actual last twelve months marked. It answers the question a single number cannot: is right now an ordinary year for this fund, or an unusual one?

Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.

Calendar years

Each year on its own, January to December. Losing years hang below the line — averages hide them, and the years somebody actually had to sit through are the ones that decide whether they stayed.

If you had run a SIP

₹10,000 every month for five years — ₹600,000 invested in all — would be worth ₹600,119 today, an XIRR of 0.01% a year.

XIRR, not CAGR. A SIP's money arrives over sixty months, so most of it has been invested for far less than five years — which is why this figure normally sits below the five-year CAGR above in a rising market, and above it in a falling one. It is the return the investor got, not the return the fund got.

How it compares in its category

Against the Arbitrage Direct schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.

Return window

Scheme	Return	Alpha	Beta	Volatility	Sharpe	Max fall
Kotak Arbitrage Fund Kotak Mahindra Mutual Fund · this scheme	0.0%	—	—	0.5%	-12.23	-2.2%
Invesco India Arbitrage Fund Invesco Mutual Fund	7.5%	—	—	0.5%	1.84	-0.5%
Kotak Arbitrage Fund Kotak Mahindra Mutual Fund	7.4%	—	—	0.6%	1.63	-0.6%
Tata Arbitrage Fund Tata Mutual Fund	7.4%	—	—	0.5%	1.77	-0.6%
ADITYA BIRLA SUN LIFE ARBITRAGE FUND Aditya Birla Sun Life Mutual Fund	7.4%	—	—	0.6%	1.64	-0.5%
Edelweiss Arbitrage Fund Edelweiss Mutual Fund	7.4%	—	—	0.6%	1.60	-0.5%
Mirae Asset Arbitrage Fund Mirae Asset Mutual Fund	7.3%	—	—	0.6%	1.41	-0.4%
Axis Arbitrage Fund Axis Mutual Fund	7.3%	—	—	0.5%	1.54	-0.6%
UTI - Arbitrage Fund UTI Mutual Fund	7.3%	—	—	0.5%	1.49	-0.7%

Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.

Compare Kotak Arbitrage Fund side by side

Returns, risk ratios, portfolio overlap, sectors and market-cap split against each of the other 39 Arbitrage funds.

What a Arbitrage scheme is

Buying in the cash market and selling in futures, capturing the spread.

Returns look like a short-term debt fund but are taxed as equity, which is the reason these exist. Returns depend on market activity — in quiet markets the spread thins and so does the return.

Who it suits. Parking money for a few months to a year in a taxable account.

How long money should stay. 6 months to 1 year.

Compare this scheme with others →

Questions people ask

What is the NAV of Kotak Arbitrage Fund — Direct Plan — IDCW - Payout & Re-investment of Income Distribution cum capital withdrawal optio?

₹11.2346 as on 12 Nov 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.

What is the difference between the Direct and Regular plan of Kotak Arbitrage Fund?

They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance every year, so it compounds. As an illustration, not a forecast: ₹1,00,000 invested for ten years at 12% a year ends at about ₹3.11 lakh, but at 10.5% — a 1.5 percentage-point gap and nothing else changed — it ends at about ₹2.71 lakh, roughly ₹40,000 less. The longer you hold, the wider the gap. Direct is the same fund without the commission.

What does the IDCW - Payout & Re-investment of Income Distribution cum capital withdrawal optio option mean?

An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.

What kind of scheme is this?

Buying in the cash market and selling in futures, capturing the spread. Returns look like a short-term debt fund but are taxed as equity, which is the reason these exist. Returns depend on market activity — in quiet markets the spread thins and so does the return.

How long should money stay in it?

Typically 6 months to 1 year. Parking money for a few months to a year in a taxable account.