Mahindra Manulife Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹105 Cr

Expense Ratio

0.41%

ISIN

INF174V01AA0

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

24 Aug 2020

About this fund

Mahindra Manulife Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 4 years, 8 months and 19 days, having been launched on 24-Aug-20.
As of 12-May-25, it has a Net Asset Value (NAV) of ₹12.73, Assets Under Management (AUM) of 104.74 Crores, and an expense ratio of 0.41%.

Mahindra Manulife Arbitrage Fund Direct Growth has given a CAGR return of 5.24% since inception.
The fund's asset allocation comprises around -0.21% in equities, 4.64% in debts, and 95.56% in cash & cash equivalents.
You can start investing in Mahindra Manulife Arbitrage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.46%

+6.94% (Cat Avg.)

3 Years

+6.17%

+6.66% (Cat Avg.)

Since Inception

+5.24%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2025

Equity	₹-0.22 Cr	-0.21%
Debt	₹4.86 Cr	4.64%
Others	₹100.11 Cr	95.57%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Net Receivables / (Payables)	Cash	₹71.34 Cr	68.11%
Triparty Repo	Cash - Repurchase Agreement	₹14.13 Cr	13.49%
Future on Reliance Industries Ltd	Equity - Future	₹-9.72 Cr	9.28%
Reliance Industries Ltd	Equity	₹9.69 Cr	9.26%
Future on UltraTech Cement Ltd	Equity - Future	₹-6.84 Cr	6.53%
UltraTech Cement Ltd	Equity	₹6.81 Cr	6.50%
Future on Tata Power Co Ltd	Equity - Future	₹-6.41 Cr	6.12%
Tata Power Co Ltd	Equity	₹6.38 Cr	6.09%
Mahindra Manu Liquid Dir Gr	Mutual Fund - Open End	₹5.69 Cr	5.43%
Future on Axis Bank Ltd	Equity - Future	₹-5.43 Cr	5.19%
Axis Bank Ltd	Equity	₹5.41 Cr	5.16%
Indus Towers Ltd Ordinary Shares	Equity	₹5.2 Cr	4.97%
Indus Towers Limited May 2025 Future	Equity - Future	₹-5.2 Cr	4.97%
182 DTB 19062025	Bond - Gov't/Treasury	₹4.96 Cr	4.74%
Future on Larsen & Toubro Ltd	Equity - Future	₹-4.87 Cr	4.65%
Larsen & Toubro Ltd	Equity	₹4.86 Cr	4.64%
Future on Kotak Mahindra Bank Ltd	Equity - Future	₹-3.54 Cr	3.38%
Kotak Mahindra Bank Ltd	Equity	₹3.53 Cr	3.37%
Titan Company Limited May 2025 Future	Equity - Future	₹-3.45 Cr	3.29%
Titan Co Ltd	Equity	₹3.43 Cr	3.28%
Future on Hindustan Petroleum Corp Ltd	Equity - Future	₹-3.38 Cr	3.23%
Hindustan Petroleum Corp Ltd	Equity	₹3.37 Cr	3.22%
Future on Bharti Airtel Ltd	Equity - Future	₹-3.37 Cr	3.22%
Bharti Airtel Ltd	Equity	₹3.37 Cr	3.21%
364 Days Tbill 2025	Bond - Gov't/Treasury	₹2.99 Cr	2.85%
India (Republic of)	Bond - Short-term Government Bills	₹2.92 Cr	2.79%
Future on NTPC Ltd	Equity - Future	₹-2.62 Cr	2.50%
NTPC Ltd	Equity	₹2.61 Cr	2.49%
Future on Tata Steel Ltd	Equity - Future	₹-2.39 Cr	2.29%
Tata Steel Ltd	Equity	₹2.39 Cr	2.28%
Future on Bajaj Finserv Ltd	Equity - Future	₹-1.96 Cr	1.87%
Bajaj Finserv Ltd	Equity	₹1.95 Cr	1.86%
364 DTB 06112025	Bond - Gov't/Treasury	₹1.94 Cr	1.85%
Future on Coal India Ltd	Equity - Future	₹-1.79 Cr	1.71%
Coal India Ltd	Equity	₹1.78 Cr	1.70%
Future on Oil & Natural Gas Corp Ltd	Equity - Future	₹-1.7 Cr	1.62%
Oil & Natural Gas Corp Ltd	Equity	₹1.69 Cr	1.62%
Future on Hindalco Industries Ltd	Equity - Future	₹-1.32 Cr	1.26%
Hindalco Industries Ltd	Equity	₹1.31 Cr	1.25%
Future on Sun Pharmaceuticals Industries Ltd	Equity - Future	₹-1.29 Cr	1.23%
Sun Pharmaceuticals Industries Ltd	Equity	₹1.28 Cr	1.22%
Vedanta Limited May 2025 Future	Equity - Future	₹-1.25 Cr	1.20%
Vedanta Ltd	Equity	₹1.25 Cr	1.20%
Future on Hindustan Unilever Ltd	Equity - Future	₹-1.13 Cr	1.08%
Hindustan Unilever Ltd	Equity	₹1.12 Cr	1.07%
364 DTB	Bond - Gov't/Treasury	₹1 Cr	0.95%
Infosys Limited May 2025 Future	Equity - Future	₹-0.96 Cr	0.92%
Infosys Ltd	Equity	₹0.96 Cr	0.92%
Future on Canara Bank	Equity - Future	₹-0.79 Cr	0.76%
Canara Bank	Equity	₹0.79 Cr	0.75%
Future on Cipla Ltd	Equity - Future	₹-0.15 Cr	0.15%
Cipla Ltd	Equity	₹0.15 Cr	0.14%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Energy	₹16.54 Cr	15.79%
Basic Materials	₹11.76 Cr	11.23%
Financial Services	₹11.68 Cr	11.15%
Utilities	₹8.99 Cr	8.58%
Communication Services	₹8.57 Cr	8.18%
Industrials	₹4.86 Cr	4.64%
Consumer Cyclical	₹3.43 Cr	3.27%
Healthcare	₹1.43 Cr	1.37%
Consumer Defensive	₹1.12 Cr	1.07%
Technology	₹0.96 Cr	0.92%

Risk & Performance Ratios

Fund Managers

Rahul Pal

Since August 2020

Navin Matta

Since October 2024

Mitul Doshi

Since May 2025

Additional Scheme Detailsas of 30th April 2025

ISIN

INF174V01AA0

Expense Ratio

0.41%

Exit Load

No Charges

Fund Size

₹105 Cr

Age

4 years 8 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY 50 Arbitrage TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Arbitrage Fund Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
UTI Income Plus Arbitrage Active Fund of Fund Regular Growth Moderately High risk	-	0.0%	₹76.35 Cr	-
UTI Income Plus Arbitrage Active Fund of Fund Direct Growth Moderately High risk	-	0.0%	₹76.35 Cr	-
Quant Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	-	-
Quant Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	-	-
f Motilal Oswal Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹667.17 Cr	-
f Motilal Oswal Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹667.17 Cr	-
Samco Arbitrage Fund Regular Growth Low Risk	1.2%	0.0%	₹34.08 Cr	-
Samco Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹34.08 Cr	-
Franklin India Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹206.80 Cr	-
Franklin India Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹206.80 Cr	-
WhiteOak Capital Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹374.10 Cr	-
WhiteOak Capital Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹374.10 Cr	-
Parag Parikh Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹1304.46 Cr	7.3%
Parag Parikh Arbitrage Fund Regular Growth Low Risk	0.7%	0.0%	₹1304.46 Cr	6.9%
Bajaj Finserv Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹917.73 Cr	6.5%
Bajaj Finserv Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹917.73 Cr	7.2%
SBI Arbitrage Opportunities Fund Direct Growth Low Risk	0.4%	0.0%	₹31895.02 Cr	7.6%
Bandhan Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹7955.35 Cr	7.0%
Nippon India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹13733.37 Cr	7.6%
JM Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹194.42 Cr	7.3%
Invesco India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹20029.39 Cr	7.8%
Kotak Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹60373.17 Cr	7.8%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹216.51 Cr	7.5%
LIC MF Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹216.51 Cr	6.8%
JM Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹194.42 Cr	6.5%
ICICI Prudential Equity Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹25726.55 Cr	7.1%
SBI Arbitrage Opportunities Fund Regular Growth Low Risk	0.9%	0.0%	₹31895.02 Cr	7.0%
UTI Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹6899.22 Cr	7.2%
NJ Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹286.49 Cr	6.0%
NJ Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹286.49 Cr	6.8%
Bandhan Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹7955.35 Cr	7.8%
Axis Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹6299.25 Cr	6.9%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹6299.25 Cr	7.7%
UTI Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹6899.22 Cr	7.7%
Union Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹301.73 Cr	7.5%
Union Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹301.73 Cr	6.8%
Aditya Birla Sun Life Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹15895.77 Cr	7.0%
Aditya Birla Sun Life Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹15895.77 Cr	7.8%
ICICI Prudential Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹25726.55 Cr	7.7%
Groww Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹2.49 Cr	5.8%
Groww Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹2.49 Cr	5.1%
Nippon India Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹13733.37 Cr	6.8%
HDFC Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹18350.43 Cr	7.7%
PGIM India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹105.07 Cr	7.7%
PGIM India Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹105.07 Cr	6.9%
ITI Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹47.67 Cr	6.8%
ITI Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹47.67 Cr	7.6%
DSP Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹6152.89 Cr	6.9%
DSP Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹6152.89 Cr	7.6%
Invesco India Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹20029.39 Cr	7.1%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹17,637 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.6%	1.0%	₹1175.27 Cr	10.5%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹650.77 Cr	13.9%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1314.41 Cr	7.4%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.7%	0.0%	₹923.62 Cr	11.9%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹161.79 Cr	6.6%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹23.94 Cr	9.8%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.8%	1.0%	₹562.80 Cr	8.6%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹95.58 Cr	10.8%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹92.83 Cr	9.7%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹104.74 Cr	6.5%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.6%	1.0%	₹1638.63 Cr	16.6%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹882.49 Cr	10.2%

Risk Level

Your principal amount will be at Low Risk

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Still got questions?
We're here to help.

What is the current NAV of Mahindra Manulife Arbitrage Fund Direct Growth?

The NAV of Mahindra Manulife Arbitrage Fund Direct Growth, as of 12-May-2025, is ₹12.73.

What are the returns of Mahindra Manulife Arbitrage Fund Direct Growth?

The fund has generated 6.46% over the last 1 year and 6.17% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mahindra Manulife Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.21% in equities, 4.64% in bonds, and 95.56% in cash and cash equivalents.

Who manages the Mahindra Manulife Arbitrage Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Arbitrage Fund Direct Growth are:-

Rahul Pal
Navin Matta
Mitul Doshi

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹105 Cr

Expense Ratio

0.41%

ISIN

INF174V01AA0

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

24 Aug 2020

Risk Level

Your principal amount will be at Low Risk