Prospera Insights
Log in
Back to Explorer
ARBRecommendable#1 in categoryMODERATE BUYPrimary Pick

Kotak Equity Arbitrage Fund

Kotak MF · Hiten Shah · benchmarked to CRISIL 1Yr TB

Prospera Research Engine unknown · Data as of 1 Jan 1970 · Synced 1 Jan 1970Review date unknown, validation required
Prospera VerdictProspera Recommended

Prospera Score 73.8, rated Moderate Buy, and cleared all five research gates. Measured against 21 comparable arbitrage funds on AMFI weekly Direct-plan NAVs to 30 Sep 2026 (5.0 years of history): largest fall from a peak 0.2%, 3-year return 7.5% a year. Manager Hiten Shah since October 2019; the largest arbitrage fund by assets.

Final Score73.8
1Y Return6.8%
3Y CAGR7.5%
5Y CAGR6.9%
AUM₹75.3K Cr
Expense Ratio0.33%

Eligibility: All gates passed

Prospera Research

Score Breakdown

13 weighted parameters, exactly as configured in the Research Engine, 8 qualitative (analyst-scored) plus 5 quantitative (formula-derived), summing to a final score out of 100.

Momentum (7% weight)8.3/10
3–6M price+flow vs benchmark
Consistency (10% weight)9.5/10
3Y/5Y quartile rank stability
Portfolio Quality (11% weight)7.0/10
PE, concentration, churn
Fund Mgr Quality (12% weight)8.0/10
Philosophy, communication, style drift
Valuation Risk (10% weight)6.0/10
Portfolio PE/PB vs category avg
Sector Tailwinds (9% weight)6.0/10
Policy/macro drivers 12-18M
Downside Protection (8% weight)7.3/10
Max DD, Sortino, bear markets
Outperformance Prob. (8% weight)8.0/10
Analyst 12M alpha probability
Mgr Tenure Score (8% weight)6.0/10
Years managing fund → 1-10 score
AMC Quality Score (6% weight)6.0/10
Research depth, AUM scale, compliance
AUM Trend Score (5% weight)9.0/10
Growing=9, Stable=6, Declining=3
Expense Ratio Score (4% weight)8.0/10
Inverse ER — lower cost = higher score
Thesis Strength (2% weight)7.0/10
Analyst 12-24M thesis conviction
Final Score73.8/100
Prospera Research

Why This Fund

Stance: max allocation

Prospera Score 73.8, rated Moderate Buy, and cleared all five research gates. Measured against 21 comparable arbitrage funds on AMFI weekly Direct-plan NAVs to 30 Sep 2026 (5.0 years of history): largest fall from a peak 0.2%, 3-year return 7.5% a year. Manager Hiten Shah since October 2019; the largest arbitrage fund by assets.

Prospera Research

Analyst Write-Up

A full analyst write-up hasn't been published for this fund yet, only shortlisted funds at the review stage get one. The score breakdown and performance data above are still real and current.

Prospera Research

Risk-Adjusted Performance

3Y AlphaN/A
5Y AlphaN/A
Max Drawdown0.2%
Sharpe (3Y)2.08
Sortino (3Y)2.51
Beta0.00
Alpha Consistency73%