Scheme

Kotak Arbitrage Fund

Holds 195 companies worth ₹53,548 Cr in Sept 2026.

Fund house
KotakThe fund house that runs this scheme.
AUM
₹75,842 CrKotak Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.2% on Aug 2026, ₹75,712 Cr.
Largest holding
ICICI BankICICI Bank is 4.2% of this scheme's NAV.
Fund manager
Hiten ShahRuns it since 3 Oct 2019, as the fund house dates it.

Holdings^{(Sept 2012 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	195 companies ·	₹ Cr
	ICICI Bank	3,139
	Reliance Industries	2,305
	Axis Bank	2,216
	HDFC Bank	1,529
	Tata Steel Limited	1,151
	Bharti Airtel Limited	1,092
	Adani Power Limited	1,074
	State Bank of India	1,013
	Hindalco Industries	988
	Idea Cellular	976
	Infosys	943
	Bajaj Finance Limited	904
	Coal India	889
	Divi s Laboratories Limited	726
	TVS Motor Co Ltd	707
	Cholamandalam DBS Finance	660
	ITC	642
	Cummins India	620
	Power Finance Corporation	602
	Coforge Limited	586
	Swiggy Limited	567
	JSW Steel	560
	Adani Energy Solutions Limited	545
	Tech Mahindra	522
	Indian Oil Corp Ltd	519
	Bank of Baroda	518
	Tata Consumer Products Limited	503
	PB Fintech Limited	502
	MARUTI SUZUKI INDA LIMITED	494
	Bharti Infratel	489
	NTPC	480
	Torrent Pharmaceuticals Limited	475
	Motherson Sumi Systems	465
	APL Apollo Tubes	457
	Lupin	445
	Info Edge India Limited	444
	Shriram Finance Limited	444
	Adani Green Energy Limited	433
	Hindustan Unilever	430
	One 97 Communications Limited	429
	Yes Bank Limited	418
	Canara Bank	414
	GE Vernova T D India Limited	412
	Tata Consultancy Services	397
	Bajaj Auto	391
	Hindustan Zinc	390
	Indian Hotels Co	389
	IDFC Bank Limited	357
	Kotak Mahindra Bank Limited	354
	Varun Beverages Limited	346

ICICI Bank
Reliance Industries

Market value of each ticked company in Kotak Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	ICICI Bank	Reliance Industries
Sept 2025	₹2,546 Cr	₹2,452 Cr
Oct 2025	₹1,798 Cr	₹1,332 Cr
Nov 2025	₹1,112 Cr	₹955 Cr
Dec 2025	₹1,867 Cr	₹1,048 Cr
Jan 2026	₹1,768 Cr	₹1,928 Cr
Feb 2026	₹2,067 Cr	₹1,784 Cr
Mar 2026	₹1,876 Cr	₹1,049 Cr
Apr 2026	₹2,053 Cr	₹995 Cr
May 2026	₹3,562 Cr	₹2,405 Cr
Jun 2026	₹2,688 Cr	₹1,958 Cr
Jul 2026	₹1,122 Cr	₹1,599 Cr
Aug 2026	₹1,872 Cr	₹1,508 Cr
Sept 2026	₹3,139 Cr	₹2,305 Cr

Fig. 1.Market value of each ticked company in Kotak Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	90	50.53

Mid Cap	83	16.45

Small Cap	21	2.62

Other equity	1	1.53

Cash & others		28.87

Sectors

Companies

Fig. 2.This scheme's holdings, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

Buying and selling, month by month^{(Oct 2025 – Sept 2026)}

Buying and selling, month by month. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Portfolio^{(Sept 2026)}

Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures. Click a column's header to sort by it.

ICICI Bank	Equity	Banks	2.38Cr	3,139	4.17
Reliance Industries	Equity	Petroleum Products	1.94Cr	2,305	3.06
Axis Bank	Equity	Banks	1.81Cr	2,216	2.94
HDFC Bank	Equity	Banks	2.16Cr	1,529	2.03
Tata Steel Limited	Rights	Ferrous Metals	6.25Cr	1,151	1.53
Bharti Airtel Limited	Equity	Telecom - Services	62.2L	1,092	1.45
Adani Power Limited	Equity	Power	5.26Cr	1,074	1.43
State Bank of India	Equity	Banks	1.06Cr	1,013	1.35
Hindalco Industries	Equity	Non - Ferrous Metals	1.05Cr	988	1.31
Idea Cellular	Equity	Telecom - Services	75.4Cr	976	1.30
Infosys	Equity	IT - Software	94.8L	943	1.25
Bajaj Finance Limited	Equity	Finance	94.3L	904	1.20
Coal India	Equity	Consumable Fuels	2.09Cr	889	1.18
Divi s Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	7.82L	726	0.96
TVS Motor Co Ltd	Equity	Automobiles	17.2L	707	0.94
Cholamandalam DBS Finance	Equity	Finance	40.7L	660	0.88
ITC	Equity	Diversified FMCG	2.44Cr	642	0.85
Cummins India	Equity	Industrial Products	13L	620	0.82
Power Finance Corporation	Equity	Finance	1.85Cr	602	0.80
Coforge Limited	Equity	IT - Software	33.5L	586	0.78
Swiggy Limited	Equity	Retailing	2.27Cr	567	0.75
JSW Steel	Equity	Ferrous Metals	44.7L	560	0.74
Adani Energy Solutions Limited	Equity	Power	41.5L	545	0.72
Tech Mahindra	Equity	IT - Software	34.2L	522	0.69
Indian Oil Corp Ltd	Equity	Petroleum Products	3.84Cr	519	0.69
Bank of Baroda	Equity	Banks	2.25Cr	518	0.69
Tata Consumer Products Limited	Equity	Agricultural Food & other Products	53L	503	0.67
PB Fintech Limited	Equity	Financial Technology (Fintech)	47.1L	502	0.67
MARUTI SUZUKI INDA LIMITED	Equity	Automobiles	4.13L	494	0.66
Bharti Infratel	Equity	Telecom - Services	1.31Cr	489	0.65
NTPC	Equity	Power	1.49Cr	480	0.64
Torrent Pharmaceuticals Limited	Equity	Pharmaceuticals & Biotechnology	9.9L	475	0.63
Motherson Sumi Systems	Equity	Auto Components	2.85Cr	465	0.62
APL Apollo Tubes	Equity	Industrial Products	20.9L	457	0.61
Lupin	Equity	Pharmaceuticals & Biotechnology	21.9L	445	0.59
Info Edge India Limited	Equity	Retailing	36.4L	444	0.59
Shriram Finance Limited	Equity	Finance	45.2L	444	0.59
Adani Green Energy Limited	Equity	Power	33.9L	433	0.58
Hindustan Unilever	Equity	Diversified FMCG	22.9L	430	0.57
One 97 Communications Limited	Equity	Financial Technology (Fintech)	25.5L	429	0.57
Yes Bank Limited	Equity	Banks	20Cr	418	0.56
Canara Bank	Equity	Banks	3.47Cr	414	0.55
GE Vernova T D India Limited	Equity	Electrical Equipment	9.81L	412	0.55
Tata Consultancy Services	Equity	IT - Software	19.3L	397	0.53
Bajaj Auto	Equity	Automobiles	3.6L	391	0.52
Hindustan Zinc	Equity	Non - Ferrous Metals	68.9L	390	0.52
Indian Hotels Co	Equity	Leisure Services	53.3L	389	0.52
IDFC Bank Limited	Equity	Banks	4.39Cr	357	0.47
Kotak Mahindra Bank Limited	Equity	Banks	84.8L	354	0.47
Varun Beverages Limited	Equity	Beverages	80L	346	0.46
Mahindra and Mahindra Limited	Equity	Automobiles	11.6L	343	0.46
Bharat Petroleum Corp Ltd	Equity	Petroleum Products	1.1Cr	334	0.44
Hindustan Petroleum Corp Ltd	Equity	Petroleum Products	95L	333	0.44
Ambuja Cement	Equity	Cement & Cement Products	88.3L	330	0.44
GAIL India	Equity	Gas	1.93Cr	329	0.44
Tata Motors	Equity	Automobiles	1.15Cr	326	0.43
Jindal Steel and Power Limited	Equity	Ferrous Metals	27.3L	310	0.41
NMDC	Equity	Minerals & Mining	4Cr	306	0.41
Godrej Properties	Equity	Realty	18.6L	303	0.40
Eicher Motors	Equity	Automobiles	4.19L	300	0.40
Aurobindo Pharma	Equity	Pharmaceuticals & Biotechnology	17.5L	293	0.39
Alkem Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	5.65L	291	0.39
Delhivery Limited	Equity	Transport Services	66.7L	273	0.36
Bharat Forge	Equity	Auto Components	14L	270	0.36
Hindustan Aeronautics Limited	Equity	Aerospace & Defense	5.69L	266	0.35
Apollo Hospitals Enterprise Limited	Equity	Healthcare Services	3.24L	264	0.35
Ashok Leyland	Equity	Agricultural, Commercial & Construction Vehicles	1.71Cr	264	0.35
STEEL AUTHORITY INDIA LTD	Equity	Ferrous Metals	1.44Cr	262	0.35
Jio Financial Services Limited	Equity	Finance	1.2Cr	259	0.34
Marico	Equity	Agricultural Food & other Products	33L	259	0.34
Interglobe Aviation Limited	Equity	Transport Services	5.07L	253	0.34
HDFC Life Insurance Co Ltd	Equity	Insurance	47.9L	250	0.33
Tube Investments of India Ltd	Equity	Auto Components	10.2L	241	0.32
Adani Enterprises	Equity	Metals & Minerals Trading	8.26L	240	0.32
Biocon	Equity	Pharmaceuticals & Biotechnology	64.2L	238	0.32
Titan Co Ltd	Equity	Consumer Durables	5.15L	236	0.31
Sesa Goa	Equity	Diversified Metals	90.9L	235	0.31
Muthoot Finance Limited	Equity	Finance	8.38L	230	0.30
Cipla	Equity	Pharmaceuticals & Biotechnology	16.7L	225	0.30
Aditya Birla Capital Limited	Equity	Finance	58.7L	224	0.30
Glenmark Pharmaceuticals	Equity	Pharmaceuticals & Biotechnology	9.55L	223	0.30
Larsen and Toubro	Equity	Construction	5.88L	221	0.29
PNB Housing Finance Limited	Equity	Finance	19.5L	219	0.29
HDFC Asset Management Co Ltd	Equity	Capital Markets	9.4L	214	0.28
Bandhan Bank Limited	Equity	Banks	1.16Cr	206	0.27
United Phosphorous	Equity	Fertilizers & Agrochemicals	38L	205	0.27
JSW Energy	Equity	Power	41.3L	204	0.27
LIC Housing Finance	Equity	Finance	37.9L	201	0.27
MphasiS	Equity	IT - Software	9.27L	200	0.27
Bajaj Finserv Limited	Equity	Finance	11L	191	0.25
Kalyan Jewellers India Limited	Equity	Consumer Durables	34.1L	188	0.25
Union Bank of India	Equity	Banks	1.1Cr	188	0.25
Nestle India	Equity	Food Products	14.3L	188	0.25
Tata Power Co	Equity	Power	52.1L	187	0.25
Radico Khaitan Limited	Equity	Beverages	4.12L	180	0.24
Crompton Greaves Cons Electrical Ltd	Equity	Consumer Durables	82.1L	171	0.23
SRF	Equity	Chemicals & Petrochemicals	6.84L	169	0.22
Suzlon Energy Limited	Equity	Electrical Equipment	4.24Cr	167	0.22
Fortis Healthcare Limited	Equity	Healthcare Services	21.2L	163	0.22
ICICI Lombard General Insurance Co	Equity	Insurance	10.2L	163	0.22
Manappuram Finance Limited	Equity	Finance	51.1L	161	0.21
Patanjali Foods Limited	Equity	Agricultural Food & other Products	43.6L	158	0.21
LIC of India Ltd	Equity	Insurance	39L	154	0.20
Bank of India	Equity	Banks	1.09Cr	143	0.19
Astral Limited	Equity	Industrial Products	10.3L	141	0.19
Bharat Heavy Electricals	Equity	Electrical Equipment	32.9L	137	0.18
Laurus Labs Limited	Equity	Pharmaceuticals & Biotechnology	6.77L	134	0.18
Punjab National Bank	Equity	Banks	1.14Cr	129	0.17
Sun Pharmaceutical Ind Ltd	Equity	Pharmaceuticals & Biotechnology	6.93L	126	0.17
National Aluminium Co Ltd	Equity	Non - Ferrous Metals	36.8L	125	0.17
UltraTech Cement Limited	Equity	Cement & Cement Products	1.13L	124	0.16
Sagility India Limited	Equity	IT - Services	2.89Cr	123	0.16
SBI Cards and Payment Services Limited	Equity	Finance	19.8L	115	0.15
Hitachi Energy India Limited	Equity	Electrical Equipment	37.2K	114	0.15
HCL Technologies	Equity	IT - Software	9.22L	113	0.15
SBI Life Insurance Co Ltd	Equity	Insurance	6.5L	110	0.15
KEI Industries Limited	Equity	Industrial Products	2.39L	106	0.14
Container Corporation of India Limited	Equity	Transport Services	23.2L	104	0.14
PG Electroplast Limited	Equity	Consumer Durables	20.6L	102	0.14
Indian Bank	Equity	Banks	12.5L	100	0.13
Eternal Limited	Equity	Retailing	30.1L	96.2	0.13
SUPREME INDUSTIRES LTD	Equity	Industrial Products	2.78L	96	0.13
Angel One Limited	Equity	Capital Markets	34.8L	95.4	0.13
Voltas	Equity	Consumer Durables	8.81L	94.3	0.13
Indian Energy Exchange Limited	Equity	Capital Markets	86.5L	92.5	0.12
Bank of Maharashtra	Equity	Banks	1.16Cr	92.4	0.12
Central Depository Services I Ltd	Equity	Capital Markets	7.3L	92.3	0.12
Bharat Electronics	Equity	Aerospace & Defense	23.4L	90.8	0.12
Page Industries	Equity	Textiles & Apparels	24.7K	89.8	0.12
Bombay Stock Exchange Limited BSE	Equity	Capital Markets	2.9L	89.7	0.12
Computer Age Management Services Limited	Equity	Capital Markets	13.1L	87.7	0.12
Bosch	Equity	Auto Components	18.4K	86.6	0.11
Oil and Natural Gas Corporation Limited	Equity	Oil	37.5L	84.7	0.11
GMR Airport Ltd	Equity	Transport Infrastructure	73.3L	69.8	0.090
Grasim Industries	Equity	Cement & Cement Products	2.26L	69.1	0.090
United Spirits	Equity	Beverages	4.92L	66.6	0.090
Avenue Supermarts Limited	Equity	Retailing	1.67L	63.3	0.080
Pidilite Industries	Equity	Chemicals & Petrochemicals	3.99L	58.4	0.080
Asian Paints	Equity	Consumer Durables	2.37L	56.9	0.080
Shree Cement	Equity	Cement & Cement Products	23.9K	53.4	0.070
Colgate Palmolive I Ltd	Equity	Personal Products	2.82L	49.8	0.070
Max Financial Services Limited	Equity	Insurance	3.58L	49.2	0.070
Phoenix Mills Limited	Equity	Realty	2.53L	49	0.070
Trent	Equity	Retailing	1.86L	48.7	0.060
National Building Construction Corp	Equity	Construction	56.8L	44.6	0.060
Oil India	Equity	Oil	8.95L	40.1	0.050
LandT Finance Holdings Limited	Equity	Finance	14.4L	38	0.050
Persistent Systems	Equity	IT - Software	69.1K	36.5	0.050
Oberoi Realty	Equity	Realty	2L	35.3	0.050
Bajaj Holdings and Investment Ltd	Equity	Finance	32.6K	35.1	0.050
ABB	Equity	Electrical Equipment	49.1K	33.3	0.040
MOTILAL OSWAL FINANCIAL SERVICE LTD	Equity	Capital Markets	3.32L	33.1	0.040
Prestige Estate Project	Equity	Realty	2.16L	31.9	0.040
Siemens Energy India Limited	Equity	Electrical Equipment	97.5K	31.2	0.040
FSN E Commerce Ventures Limited	Equity	Retailing	9.56L	30.6	0.040
Birlasoft Limited	Equity	IT - Software	6.11L	30.5	0.040
Polycab India Limited	Equity	Industrial Products	36.4K	29.2	0.040
ADANI PORT AND SPECIAL ECONOMIC ZONE LTD	Equity	Transport Infrastructure	1.59L	28.5	0.040
Inox Wind Limited	Equity	Electrical Equipment	39.5L	27.5	0.040
Solar Industries India	Equity	Chemicals & Petrochemicals	13.6K	26.7	0.040
Max Healthcare Institute Limited	Equity	Healthcare Services	2.86L	26.6	0.040
Amber Enterprises India Limited	Equity	Consumer Durables	37.1K	24.8	0.030
Ujjivan Small Finance Bank Limited	Equity	Banks	28.7L	19.4	0.030
CG Power and Industrial Solutions Limited	Equity	Electrical Equipment	1.94L	16.6	0.020
Lodha Developers Limited	Equity	Realty	1.32L	15	0.020
360 One Wam Limited	Equity	Capital Markets	1.27L	13.1	0.020
Wipro	Equity	IT - Software	6.6L	10.5	0.010
Godrej Consumer Products	Equity	Personal Products	96.5K	8.2	0.010
Vishal Mega Mart Limited	Equity	Retailing	8.1L	8.2	0.010
Petronet LNG	Equity	Gas	2.19L	6.2	0.010
Hero MotoCorp	Equity	Automobiles	11.6K	6.1	0.010
Dabur India Ltd	Equity	Personal Products	1.35L	5.1	0.010
Mazagon Dock Shipbuilders Limited	Equity	Industrial Manufacturing	23K	4.9	0.010
Bharat Dynamics Limited	Equity	Aerospace & Defense	37.8K	4.2	0.010
Britannia Industries	Equity	Food Products	5.25K	2.5	0.00
Cadila Healthcare	Equity	Pharmaceuticals & Biotechnology	19.8K	2.3	0.00
NHPC	Equity	Power	3.06L	2.2	0.00
Premier Energies Limited	Equity	Electrical Equipment	20.2K	1.8	0.00
Minda Industries Limited	Equity	Auto Components	13.2K	1.5	0.00
Havells India	Equity	Consumer Durables	13.5K	1.4	0.00
Dixon Technologies India Limited	Equity	Consumer Durables	1K	1.3	0.00
PI Industries Ltd	Equity	Fertilizers & Agrochemicals	5.25K	1.2	0.00
Ather Energy Limited	Equity	Automobiles	8.25K	1.2	0.00
Anand Rathi Wealth Limited	Equity	Capital Markets	5.25K	1.1	0.00
IndusInd Bank	Equity	Banks	9.1K	0.82	0.00
DLF	Equity	Realty	11.4K	0.77	0.00
Sona Blw Precision Forgings	Equity	Auto Components	6.13K	0.51	0.00
Mankind Pharma Limited	Equity	Pharmaceuticals & Biotechnology	2K	0.5	0.00
Power Grid Corporation of India	Equity	Power	17.1K	0.45	0.00
Rail Vikas Nigam Limited	Equity	Construction	11.6K	0.23	0.00
Nippon Life Asset Management Limited	Equity	Capital Markets	1.88K	0.2	0.00
Force Motors Limited	Equity	Automobiles	100	0.17	0.00
Kaynes Technology India Limited	Equity	Industrial Manufacturing	450	0.16	0.00
Godfrey Philips Ltd	Equity	Cigarettes & Tobacco Products	550	0.1	0.00
ICICI Prudential Life Insurance Co Ltd	Equity	Insurance	925	0.04	0.00

Fig. 4.Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures.