{"id":241597,"date":"2026-09-10T15:30:12","date_gmt":"2026-09-10T10:00:12","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/"},"modified":"2026-09-10T15:30:12","modified_gmt":"2026-09-10T10:00:12","slug":"kotak-arbitrage-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/","title":{"rendered":"Kotak Arbitrage Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-arbitrage-fund-g-direct-plan\">Kotak Arbitrage Fund Direct Growth Plan<\/a> currently has a NAV of \u20b943.2183 as of 09 Sep 2026 and manages \u20b974,398 Cr. Its 1-year, 3-year and 5-year returns are 6.75%, 7.5% and 6.91%, respectively, and the scheme is tagged as Low Risk. In our view, this is better suited to conservative investors who want a steadier return profile than an equity-style swing, while still accepting that arbitrage returns can move modestly around the benchmark.<\/p>\n<p>The fund has stayed ahead of the benchmark across the longer periods shown, but the recent 1-year figure is only modestly above the benchmark\u2019s weaker 1-year reading. That makes it more appropriate for investors who prioritise controlled volatility and a relatively predictable pattern over chasing aggressive upside.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Kotak_Arbitrage\" title=\"Should you BUY or HOLD Kotak Arbitrage?\">Should you BUY or HOLD Kotak Arbitrage?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/kotak-arbitrage-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b943.2183 as of 09 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b974,398 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.44%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Low Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Hybrid<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>0.25% on or before 30D, Nil after 30D<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Hiten Shah<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Hiten Shah.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.44%<\/td>\n<td>-4.69%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.6%<\/td>\n<td>0.93%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.75%<\/td>\n<td>-7.16%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.5%<\/td>\n<td>6%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.91%<\/td>\n<td>5.87%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The short-term picture is stable rather than flashy. The 1-month and 3-month figures show small gains, which fits an arbitrage strategy that usually aims to limit turbulence rather than deliver sharp bursts of performance.<\/p>\n<p>Over 1 year, the fund has held up well while the benchmark has been negative. That contrast matters because it suggests the scheme has behaved very differently from a plain equity reference point, with less exposure to the kind of drawdown that can hurt a broader market benchmark.<\/p>\n<p>The longer view is still important. The 3-year and 5-year returns are both in the mid-to-high 6% range, which is higher than the benchmark on the same horizons. Our view is that the fund\u2019s pattern looks consistent with a low-volatility cash-plus style outcome rather than a market-led equity return path.<\/p>\n<p>What stands out is the relative steadiness across periods. The return curve does not show dramatic jumps, but it also avoids the kind of large setback seen in the benchmark\u2019s 1-year figure. For investors who want return consistency over momentum, that difference may matter more than headline upside.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Kotak_Arbitrage\"><\/span>Should you BUY or HOLD Kotak Arbitrage?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Kotak Arbitrage? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-arbitrage-fund-g-direct-plan\">Kotak Arbitrage Fund Direct Growth Plan<\/a><\/td>\n<td>6.75%<\/td>\n<td>7.5%<\/td>\n<td>6.91%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/quant-arbitrage-fund-g-direct-plan\">Quant Arbitrage Fund Direct Growth Plan<\/a><\/td>\n<td>7.62%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/woc-arbitrage-fund-g-direct-plan\">WOC Arbitrage Fund Direct Growth Plan<\/a><\/td>\n<td>7.16%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/franklin-india-arbitrage-fund-g-direct-plan\">Franklin India Arbitrage Fund Direct Growth Plan<\/a><\/td>\n<td>6.91%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-arbitrage-fund-g-direct-plan\">Motilal Oswal Arbitrage Fund Direct Growth Plan<\/a><\/td>\n<td>6.86%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-arbitrage-fund-g-direct-plan\">Tata Arbitrage Fund Direct Growth Plan<\/a><\/td>\n<td>6.77%<\/td>\n<td>7.51%<\/td>\n<td>6.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the latest 1-year figure, the fund trails Quant Arbitrage Fund Direct Growth Plan and WOC Arbitrage Fund Direct Growth Plan, but it stays close to Franklin India Arbitrage Fund Direct Growth Plan, Motilal Oswal Arbitrage Fund Direct Growth Plan and Tata Arbitrage Fund Direct Growth Plan. That makes the short-term picture fairly compressed among the available peer set.<\/p>\n<p>The longer-term comparison is mixed but still constructive. Tata Arbitrage Fund Direct Growth Plan shows slightly higher 3-year return, while Kotak Arbitrage Fund Direct Growth Plan is ahead of Tata on the 5-year figure. Because several peers do not have longer-period figures available here, the longer-horizon comparison is more limited than the 1-year view.<\/p>\n<p>Overall, the peer set suggests that this fund is competitive on the longer horizon and broadly in line with the middle of the available return range on the recent horizon. The short-term and longer-term views do not tell exactly the same story, which is common for arbitrage strategies where consistency often matters more than a single-period lead.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Kotak Money Market Fund Direct Growth<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>9.79%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Savings Fund Direct Growth<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>4.59%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Liquid Direct Growth<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>4.49%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Low Duration Fund Direct Growth<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>2.81%<\/td>\n<\/tr>\n<tr>\n<td>Axis Bank Ltd.<\/td>\n<td>Bank<\/td>\n<td>2.73%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd.<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.47%<\/td>\n<\/tr>\n<tr>\n<td>Reliance Industries Ltd.<\/td>\n<td>Crude Oil<\/td>\n<td>2.15%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd.<\/td>\n<td>Bank<\/td>\n<td>2.08%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Mahindra Bank Ltd.<\/td>\n<td>Bank<\/td>\n<td>2.05%<\/td>\n<\/tr>\n<tr>\n<td>Hindalco Industries Ltd.<\/td>\n<td>Non &#8211; Ferrous Metals<\/td>\n<td>1.81%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding is Kotak Money Market Fund Direct Growth at 9.79%, which is meaningful but not outsized for a portfolio built around arbitrage and short-duration exposures. The tenth holding is still 1.81%, so the weight drops gradually rather than collapsing sharply after the top position.<\/p>\n<p>The displayed holdings account for approximately 34.97% of the portfolio, and the fund has 58 disclosed holding rows in total. That suggests the top positions matter, but they do not dominate the full structure on their own. In our view, the rest of the portfolio likely provides an extended tail of exposures that may help prevent any single line item from driving the outcome.<\/p>\n<p>Because several of the largest positions are mutual fund units and liquid debt-like instruments, the portfolio may behave more as a layered arbitrage structure than as a simple concentrated equity book. The mixture of bank, crude oil and metals exposure among the top holdings also shows that the scheme is not built around one narrow theme.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/kotak-arbitrage-fund-g-direct-plan\">Kotak Arbitrage Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors with a conservative temperament who can accept modest return variation in exchange for lower volatility. The Low Risk tag and the steady return pattern across 1 year, 3 years and 5 years make it better suited to people who value stability over market-linked upside.<\/p>\n<p>The main trade-off is that the fund\u2019s returns are relatively restrained, especially when compared with equity-style expectations, even though it has stayed ahead of the benchmark over the longer horizons shown. It may appeal most to investors who want a parking-style allocation with some return generation and who are comfortable with a shorter-to-medium holding horizon rather than a pursuit of aggressive growth.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: 0.25% on or before 30 days; no exit load after 30 days.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of Kotak Arbitrage Fund Direct Growth Plan?<\/strong><br \/>The current NAV is \u20b943.2183 as of 09 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s returns are 6.75% for 1 year, 7.5% for 3 years and 6.91% for 5 years.<\/p>\n<p><strong>How has the fund performed against its benchmark?<\/strong><br \/>It has been ahead of the benchmark across the 1-year, 3-year and 5-year periods shown. The benchmark\u2019s 1-year figure is negative, while the fund stayed positive.<\/p>\n<p><strong>How does it compare with other arbitrage funds on the available numbers?<\/strong><br \/>It is close to several peers on the 1-year figure, behind some and ahead of others by small margins. On longer horizons, the available peer data shows a mixed picture, with Tata Arbitrage Fund Direct Growth Plan slightly ahead on 3 years and Kotak ahead on 5 years.<\/p>\n<p><strong>Does the fund have a minimum SIP requirement?<\/strong><br \/>No minimum SIP amount is stated here.<\/p>\n<p><strong>What are the main risk and exit-load features?<\/strong><br \/>The fund is tagged as Low Risk. The exit load is 0.25% on or before 30 days and nil after 30 days, while the fund is managed by Hiten Shah.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Kotak Arbitrage Fund Direct Growth Plan has a steady return pattern that is more subdued than an equity fund but more stable than the benchmark\u2019s recent behaviour. Its longer-term returns remain ahead of the benchmark, while the peer comparison shows a competitive profile without a dramatic lead. The Low Risk tag, the diversified set of holdings and the strong presence of short-term, cash-like instruments point to a fund built for control rather than excitement. It is a better fit for conservative investors who want consistency and can accept moderate returns.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 10 September 2026 at 3:29 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Kotak Arbitrage Fund Direct Growth Plan\",\"identifier\":\"kotak-arbitrage-fund-g-direct-plan\",\"category\":\"Hybrid\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":43.2183,\"valueReference\":\"as of 09 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"74398 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.44\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.75},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.5},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.91},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Hiten Shah\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Kotak Arbitrage Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b943.2183 as of 09 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s returns are 6.75% for 1 year, 7.5% for 3 years and 6.91% for 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed against its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has been ahead of the benchmark across the 1-year, 3-year and 5-year periods shown. The benchmark\u2019s 1-year figure is negative, while the fund stayed positive.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with other arbitrage funds on the available numbers?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is close to several peers on the 1-year figure, behind some and ahead of others by small margins. On longer horizons, the available peer data shows a mixed picture, with Tata Arbitrage Fund Direct Growth Plan slightly ahead on 3 years and Kotak ahead on 5 years.\"}},{\"@type\":\"Question\",\"name\":\"Does the fund have a minimum SIP requirement?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No minimum SIP amount is stated here.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risk and exit-load features?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is tagged as Low Risk. The exit load is 0.25% on or before 30 days and nil after 30 days, while the fund is managed by Hiten Shah.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kotak Arbitrage Fund Direct Growth Plan has a NAV of \u20b943.2183 as of 09 Sep 2026, with 1Y, 3Y and 5Y returns of 6.75%, 7.5% and 6.91% and a Low Risk tag.<\/p>\n","protected":false},"author":38,"featured_media":241593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-241597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["241593"],"rank_math_title":["Kotak Arbitrage Fund Direct Growth Review 2026"],"rank_math_description":["Kotak Arbitrage Fund Direct Growth Plan has a NAV of \u20b943.2183 and 1Y return of 6.75% as of 09 Sep 2026."],"rank_math_focus_keyword":["Kotak Arbitrage Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Kotak_Arbitrage_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/241597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=241597"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/241597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/241593"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=241597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=241597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=241597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}