Two funds walk into a table. Only the numbers talk.
Zerodha CASE Arbitrage Fund vs Invesco India Arbitrage Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- AZerodha CASE Arbitrage Fund
Zerodha CASE Mutual Fund
- Arbitrage Fund
- Direct plan
- Low to Moderate Risk
NAV ₹10.14 on 13 Nov 2026
- BInvesco India Arbitrage Fund
Invesco Mutual Fund- Arbitrage Fund
- Direct plan
- Low Risk
NAV ₹37.72 on 13 Nov 2026
The short version
Who comes out ahead on each measure.
Costs less
BInvesco India Arbitrage Fund
Invesco India Arbitrage Fund charges 2.25% a year, against 3.83% for Zerodha CASE Arbitrage Fund. On ₹1 lakh that's ₹2,250 a year against ₹3,830, taken quietly from the NAV.
What your money would have become
The same amount, put into each fund on the same day.
Not enough shared history to chart these funds together yet.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
AZerodha CASE Arbitrage Fund
- Watch out: High cost: 3.83% a year
- Watch out: Small fund (₹47 Cr), often newer or less tested
- Watch out: Less than 3 years of history, too short to judge
BInvesco India Arbitrage Fund
- Strength: In the top quarter of its category over 5 years (#1 of 20)
- Strength: Beat a 5-year SBI FD: 7.2% a year over 5 years, against 6.05%
- Strength: Swings less than most funds in its category
- Watch out: High cost: 2.25% a year
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | AZerodha CASE Arbitrage Fund | BInvesco India Arbitrage Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | – | 6.8%#5 of 33 · avg 6.6% |
| 3 yearsPer year, over a full market mood swing | – | 7.4%#1 of 26 · avg 7.2% |
| 5 yearsPer year, the fairest single test | – | 7.2%#1 of 20 · avg 6.7% |
| 10 yearsPer year, across bull and bear markets | – | 6.5%#3 of 12 · avg 6.3% |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | – | 1.1%category avg 1.3% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −0.3%data from 20 Aug 2026 only | −0.5%category avg −0.5% |
| Best 12 monthsIts strongest year | – | 8.9% |
| Worst 12 monthsIts weakest year | – | 3.6% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | – | 100% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 3.83% | 2.25%Best |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹47 Cr | ₹30,396 Cr |
| Minimum SIPSmallest monthly amount | ₹1,000 | ₹500Best |
| Lock-inTime before you can withdraw | None | None |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
AZerodha CASE Arbitrage Fund
Might suit you if…
- you prefer its fund house or approach. On these numbers it is not the stand-out on any one measure
BInvesco India Arbitrage Fund
Might suit you if…
- you care about keeping costs low, which adds up over decades