Mahindra Manulife Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (18-Jun-25)
₹12.82-0.01%1D
Returns (Since Inception)
5.28%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹97 Cr
Expense Ratio
0.42%
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, 9 months and 26 days, having been launched on 24-Aug-20.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹12.82, Assets Under Management (AUM) of 97.45 Crores, and an expense ratio of 0.42%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹12.82, Assets Under Management (AUM) of 97.45 Crores, and an expense ratio of 0.42%.
- Mahindra Manulife Arbitrage Fund Direct Growth has given a CAGR return of 5.28% since inception.
- The fund's asset allocation comprises around -0.29% in equities, 5.02% in debts, and 95.26% 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
+6.38%
+6.75% (Cat Avg.)
3 Years
+6.33%
+6.81% (Cat Avg.)
Since Inception
+5.28%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹-0.28 Cr | -0.29% |
| Debt | ₹4.89 Cr | 5.02% |
| Others | ₹92.84 Cr | 95.27% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹74.7 Cr | 76.66% |
| Reliance Industries Limited June 2025 Future | Equity - Future | ₹-9.86 Cr | 10.12% |
| Reliance Industries Ltd | Equity | ₹9.8 Cr | 10.06% |
| Triparty Repo | Cash - Repurchase Agreement | ₹7.43 Cr | 7.62% |
| Ultratech Cement Limited June 2025 Future | Equity - Future | ₹-6.59 Cr | 6.76% |
| UltraTech Cement Ltd | Equity | ₹6.56 Cr | 6.73% |
| Tata Power Co Ltd | Equity | ₹6.52 Cr | 6.69% |
| Tata Power Company Limited June 2025 Future | Equity - Future | ₹-6.51 Cr | 6.68% |
| Mahindra Manu Liquid Dir Gr | Mutual Fund - Open End | ₹5.72 Cr | 5.87% |
| Axis Bank Limited June 2025 Future | Equity - Future | ₹-5.48 Cr | 5.62% |
| Axis Bank Ltd | Equity | ₹5.44 Cr | 5.58% |
| Larsen & Toubro Ltd | Equity | ₹5.35 Cr | 5.49% |
| Larsen & Toubro Limited June 2025 Future | Equity - Future | ₹-5.32 Cr | 5.46% |
| 182 DTB 19062025 | Bond - Gov't/Treasury | ₹4.99 Cr | 5.12% |
| Indus Towers Limited June 2025 Future | Equity - Future | ₹-4.2 Cr | 4.31% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹4.18 Cr | 4.29% |
| Hindustan Petroleum Corporation Limited June 2025 Future | Equity - Future | ₹-3.69 Cr | 3.78% |
| Hindustan Petroleum Corp Ltd | Equity | ₹3.66 Cr | 3.76% |
| Titan Company Limited June 2025 Future | Equity - Future | ₹-3.62 Cr | 3.72% |
| Titan Co Ltd | Equity | ₹3.61 Cr | 3.70% |
| Bharti Airtel Limited June 2025 Future | Equity - Future | ₹-3.37 Cr | 3.46% |
| Bharti Airtel Ltd | Equity | ₹3.35 Cr | 3.44% |
| Kotak Mahindra Bank Limited June 2025 Future | Equity - Future | ₹-3.34 Cr | 3.43% |
| Kotak Mahindra Bank Ltd | Equity | ₹3.32 Cr | 3.41% |
| India (Republic of) | Bond - Short-term Government Bills | ₹2.94 Cr | 3.01% |
| Tata Steel Limited June 2025 Future | Equity - Future | ₹-2.76 Cr | 2.83% |
| Tata Steel Ltd | Equity | ₹2.75 Cr | 2.82% |
| Ntpc Limited June 2025 Future | Equity - Future | ₹-2.47 Cr | 2.53% |
| NTPC Ltd | Equity | ₹2.45 Cr | 2.52% |
| Bajaj Finserv Limited June 2025 Future | Equity - Future | ₹-2.03 Cr | 2.08% |
| Bajaj Finserv Ltd | Equity | ₹2.02 Cr | 2.07% |
| 364 DTB 06112025 | Bond - Gov't/Treasury | ₹1.95 Cr | 2.00% |
| Coal India Limited June 2025 Future | Equity - Future | ₹-1.85 Cr | 1.90% |
| Coal India Ltd | Equity | ₹1.84 Cr | 1.88% |
| Oil & Natural Gas Corporation Limited June 2025 Future | Equity - Future | ₹-1.67 Cr | 1.71% |
| Oil & Natural Gas Corp Ltd | Equity | ₹1.66 Cr | 1.70% |
| Hindalco Industries Limited June 2025 Future | Equity - Future | ₹-1.34 Cr | 1.37% |
| Hindalco Industries Ltd | Equity | ₹1.33 Cr | 1.37% |
| Vedanta Limited June 2025 Future | Equity - Future | ₹-1.31 Cr | 1.34% |
| Vedanta Ltd | Equity | ₹1.3 Cr | 1.34% |
| Sun Pharmaceutical Industries Limited June 2025 Future | Equity - Future | ₹-1.18 Cr | 1.21% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹1.17 Cr | 1.21% |
| Hindustan Unilever Ltd | Equity | ₹1.13 Cr | 1.16% |
| Hindustan Unilever Limited June 2025 Future | Equity - Future | ₹-1.12 Cr | 1.15% |
| Infosys Limited June 2025 Future | Equity - Future | ₹-1 Cr | 1.03% |
| Infosys Ltd | Equity | ₹1 Cr | 1.03% |
| Canara Bank June 2025 Future | Equity - Future | ₹-0.93 Cr | 0.96% |
| Canara Bank | Equity | ₹0.93 Cr | 0.95% |
| Cipla Limited June 2025 Future | Equity - Future | ₹-0.14 Cr | 0.15% |
| Cipla Ltd | Equity | ₹0.14 Cr | 0.15% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Energy | ₹16.96 Cr | 17.41% |
| Basic Materials | ₹11.94 Cr | 12.25% |
| Financial Services | ₹11.71 Cr | 12.01% |
| Utilities | ₹8.98 Cr | 9.21% |
| Communication Services | ₹7.53 Cr | 7.73% |
| Industrials | ₹5.35 Cr | 5.49% |
| Consumer Cyclical | ₹3.61 Cr | 3.70% |
| Healthcare | ₹1.32 Cr | 1.35% |
| Consumer Defensive | ₹1.13 Cr | 1.16% |
| Technology | ₹1 Cr | 1.03% |
Risk & Performance Ratios
Standard Deviation
This fund
0.52%
Cat. avg.
0.67%
Lower the better
Sharpe Ratio
This fund
-1.06
Cat. avg.
0.14
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.48
Higher the better
Fund Managers
RP
Rahul Pal
Since August 2020
NM
Navin Matta
Since October 2024
MD
Mitul Doshi
Since May 2025
Additional Scheme Detailsas of 31st May 2025
ISIN | INF174V01AA0 | Expense Ratio | 0.42% | Exit Load | No Charges | Fund Size | ₹97 Cr | Age | 4 years 9 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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  |
|---|---|---|---|---|
| Baroda BNP Paribas Income Plus Arbitrage Active Fund of Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹79.54 Cr | - |
| Baroda BNP Paribas Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹79.54 Cr | - |
| Quant Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹102.74 Cr | - |
| Quant Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹102.74 Cr | - |
| f Motilal Oswal Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹719.70 Cr | - |
| f Motilal Oswal Arbitrage Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹719.70 Cr | - |
| Samco Arbitrage Fund Regular Growth Low Risk | 1.6% | 0.0% | ₹37.82 Cr | - |
| Samco Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹37.82 Cr | - |
| Franklin India Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹313.65 Cr | - |
| Franklin India Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹313.65 Cr | - |
About the AMC
Total AUM
₹17,829 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
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 18-Jun-2025, is ₹12.82.
What are the returns of Mahindra Manulife Arbitrage Fund Direct Growth?
The fund has generated 6.38% over the last 1 year and 6.33% 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 -0.29% in equities, 5.02% in bonds, and 95.26% 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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.