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.

Overview^{(9 Oct 2026)}

Fund managers1

Hiten ShahFund manager · Oct 2019 · 18y · MMS B.Com

Key facts

Benchmark: Nifty 50 Arbitrage
Risk: Low
Expense: Regular 2.9% · Direct 2.32%
Exit load: 0.25% within 30 days
Started: 29 Sept 2005
Minimum: ₹100

Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

What changed^{(8 changes)}

Jul 2026

1 change

Expense ratio
30 JulRegular 2.95% → 2.97%Direct 2.34% → 2.38%

Jun 2026

1 change

Expense ratio
29 JunRegular 1.01% → 2.95%Direct 0.42% → 2.34%

May 2026

1 change

Expense ratio
30 MayRegular 3.59% → 1.01%Direct 2.98% → 0.42%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time^{(Oct 2019 – now)}

Hiten Shah

MainCoSlice2020202120222023202420252026

Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs^{(Aug 2024 – Oct 2026)}

Every change to the expense ratio, newest first.
7 changes	Regular	Direct	Δ pt
30 Jul 2026	2.97%	2.38%	0.04
29 Jun 2026	2.95%	2.34%	1.92
30 May 2026	1.01%	0.42%	2.56
29 Apr 2026	3.59%	2.98%	2.61
30 Mar 2026	0.98%	0.37%	0.07
31 May 2025	1.05%	0.44%	0.01
31 Aug 2024	1.01%	0.43%	–

Direct plan, 30 Jul 2026

2.38%

Regular plan 2.97% · Exit load 0.25% within 30 days

Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk^{(9 Oct 2026)}

Objective

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the objective of the scheme will be realized.

Risk, type and benchmark

Riskometer: Low
At launch: Low
Type: An open ended scheme investing in arbitrage opportunities
Benchmark: Nifty 50 Arbitrage

Asset allocation it may hold% of NAV

Equity and equity related instruments including derivatives
Allowed65–90%Holds71.1%
Debt and money market instruments including margin money
Allowed10–35%Holds28.9%

Holds in Sept 2026.71.1% equity · 28.9% debt and cash

How to invest^{(9 Oct 2026)}

Buying

To start: ₹100, then any amount thereafter Rs. 100
To add: ₹100, then any amount thereafter Rs. 100
Systematic: SIP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually SWP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually STP - Daily, Weekly, Monthly & Quarterly
Dates: SIP - Any date from 1st to 31stSWP - Any Date of Every Month STP - Any Business Day
Minimum: SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000, then sIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1STP - Rs. 1
Instalments: SIP - N.A SWP - 6 installmentsSTP - 6 installments

Selling and switching

To redeem: ₹1,000 or 100 unit units
Minimum balance: ₹1,000 or 100 units units
Switch minimum: ₹5,000 or Re. 0.01 units

Scheme details^{(9 Oct 2026)}

What it is

Category: Arbitrage Fund
Offer: 12 Sept 2005 to 21 Sept 2005
Started: 29 Sept 2005
Reopened: 3 Oct 2005
Plans: Growth · Payout of Income Distribution cum capital withdrawal (IDCW) · Reinvestment of Income Distribution cum capital withdrawal (IDCW)
Face value: ₹10
Listed: No

How it is run

Swing pricing: No
Side-pocketing: Enabled, No segregated portfolio created
Custodian: Deutsche Bank A G, Mumbai and Standard Chartered Bank, Mumbai
Auditor: S. R. Batliboi & Co. LLP
Registrar: Computer Age Management Services (‘CAMS’)
SEBI code: KOTM/O/H/ARB/05/06/0016