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Fund Overview

Fund Size

Fund Size

₹71 Cr

Expense Ratio

Expense Ratio

0.40%

ISIN

ISIN

INF174V01AA0

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

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 3 years, 8 months and 26 days, having been launched on 24-Aug-20.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹11.98, Assets Under Management (AUM) of 70.51 Crores, and an expense ratio of 0.4%.
  • Mahindra Manulife Arbitrage Fund Direct Growth has given a CAGR return of 4.95% since inception.
  • The fund's asset allocation comprises around -0.39% in equities, 4.08% in debts, and 96.30% 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

+7.02%

+7.33% (Cat Avg.)

3 Years

+5.32%

+5.48% (Cat Avg.)

Since Inception

+4.95%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity-0.28 Cr-0.39%
Debt2.88 Cr4.08%
Others67.91 Cr96.31%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Net Receivables / (Payables)Cash51.9 Cr73.60%
Mahindra Manu Liquid Dir GrMutual Fund - Open End5.3 Cr7.51%
Triparty RepoCash - Repurchase Agreement5.24 Cr7.43%
Future on Axis Bank LtdEquity - Future-3.3 Cr4.68%
Axis Bank LtdEquity3.28 Cr4.65%
Indus Towers Limited May 2024 FutureEquity - Future-3.15 Cr4.47%
Indus Towers Ltd Ordinary SharesEquity3.14 Cr4.45%
Future on Hindustan Petroleum Corp LtdEquity - Future-2.96 Cr4.19%
Hindustan Petroleum Corp LtdEquity2.94 Cr4.17%
Future on Hindustan Unilever LtdEquity - Future-2.83 Cr4.01%
Hindustan Unilever LtdEquity2.81 Cr3.99%
Future on Tata Power Co LtdEquity - Future-2.74 Cr3.89%
Tata Power Co LtdEquity2.73 Cr3.87%
HDFC Bank LtdEquity2.68 Cr3.79%
Hdfc Bank Limited May 2024 FutureEquity - Future-2.66 Cr3.78%
182 DTB 06062024Bond - Gov't/Treasury2.48 Cr3.52%
Future on Adani Ports & Special Economic Zone LtdEquity - Future-2.45 Cr3.47%
Adani Ports & Special Economic Zone LtdEquity2.44 Cr3.46%
Future on Kotak Mahindra Bank LtdEquity - Future-2.36 Cr3.34%
Kotak Mahindra Bank LtdEquity2.34 Cr3.32%
Future on Maruti Suzuki India LtdEquity - Future-2.32 Cr3.29%
Maruti Suzuki India LtdEquity2.31 Cr3.27%
Future on NTPC LtdEquity - Future-2.08 Cr2.95%
NTPC LtdEquity2.07 Cr2.94%
Future on Larsen & Toubro LtdEquity - Future-2.06 Cr2.92%
Larsen & Toubro LtdEquity2.05 Cr2.91%
182 DTB 09052024Bond - Gov't/Treasury2 Cr2.83%
Future on JSW Steel LtdEquity - Future-1.98 Cr2.81%
Future on Oil & Natural Gas Corp LtdEquity - Future-1.97 Cr2.79%
JSW Steel LtdEquity1.97 Cr2.79%
Oil & Natural Gas Corp LtdEquity1.96 Cr2.78%
Future on ICICI Bank LtdEquity - Future-1.94 Cr2.76%
ICICI Bank LtdEquity1.93 Cr2.74%
364 DTB 02052025Bond - Gov't/Treasury1.91 Cr2.71%
Future on Ashok Leyland LtdEquity - Future-1.84 Cr2.62%
Ashok Leyland LtdEquity1.83 Cr2.60%
Future on Titan Corporation LimitedEquity - Future-1.77 Cr2.50%
Titan Co LtdEquity1.76 Cr2.49%
Future on Tata Steel LtdEquity - Future-1.65 Cr2.33%
Tata Steel LtdEquity1.63 Cr2.32%
Future on Bajaj Finserv LtdEquity - Future-1.63 Cr2.31%
Bajaj Finserv LtdEquity1.62 Cr2.29%
Future on ITC LtdEquity - Future-1.4 Cr1.98%
ITC LtdEquity1.39 Cr1.98%
Future on Hindalco Industries LtdEquity - Future-1.36 Cr1.93%
Hindalco Industries LtdEquity1.35 Cr1.92%
Future on Bharti Airtel LtdEquity - Future-1.27 Cr1.80%
Bharti Airtel LtdEquity1.26 Cr1.78%
Future on Coal India LtdEquity - Future-1.25 Cr1.77%
Coal India LtdEquity1.24 Cr1.76%
Future on IndusInd Bank LtdEquity - Future-1.14 Cr1.62%
IndusInd Bank LtdEquity1.14 Cr1.61%
Future on Sun Pharmaceuticals Industries LtdEquity - Future-1.06 Cr1.50%
Sun Pharmaceuticals Industries LtdEquity1.05 Cr1.49%
India (Republic of)Bond - Short-term Government Bills1 Cr1.42%
364 DTB 17102024Bond - Gov't/Treasury0.97 Cr1.37%
Future on Reliance Industries LtdEquity - Future-0.59 Cr0.84%
Reliance Industries LtdEquity0.59 Cr0.83%
Infosys Limited May 2024 FutureEquity - Future-0.52 Cr0.73%
Infosys LtdEquity0.51 Cr0.73%
Tech Mahindra Limited May 2024 FutureEquity - Future-0.46 Cr0.65%
Tech Mahindra LtdEquity0.45 Cr0.65%
Future on Hero MotoCorp LtdEquity - Future-0.41 Cr0.58%
Hero MotoCorp LtdEquity0.41 Cr0.58%
Future on Wipro LtdEquity - Future-0.35 Cr0.49%
Wipro LtdEquity0.35 Cr0.49%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services12.98 Cr18.40%
Energy6.73 Cr9.54%
Industrials6.32 Cr8.96%
Basic Materials4.95 Cr7.02%
Utilities4.8 Cr6.81%
Consumer Cyclical4.47 Cr6.35%
Communication Services4.39 Cr6.23%
Consumer Defensive4.2 Cr5.96%
Technology1.31 Cr1.86%
Healthcare1.05 Cr1.49%

Risk & Performance Ratios

Standard Deviation

This fund

0.62%

Cat. avg.

0.82%

Lower the better

Sharpe Ratio

This fund

-0.64

Cat. avg.

-0.05

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.24

Higher the better

Fund Managers

RP

Rahul Pal

Since August 2020

ML

Manish Lodha

Since December 2020

AK

Abhinav Khandelwal

Since April 2022

Additional Scheme Detailsas of 30th April 2024

ISININF174V01AA0Expense Ratio0.40%Exit LoadNo ChargesFund Size₹71 CrAge24 Aug 2020Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY 50 Arbitrage TR INR

Investment ObjectiveInvestment 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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Sundaram Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹105.78 Cr7.3%
Sundaram Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹105.78 Cr7.9%
Bank of India Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹28.97 Cr7.5%
Bank of India Arbitrage Fund Regular Growth

Low Risk

1.0%0.0%₹28.97 Cr6.8%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹1870.00 Cr8.5%
Mirae Asset Arbitrage Fund Regular Growth

Low Risk

1.1%0.0%₹1870.00 Cr7.7%
Tata Arbitrage Fund Regular Growth

Low Risk

1.1%0.0%₹11605.73 Cr7.5%
Tata Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹11605.73 Cr8.4%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹70.51 Cr7.0%
Mahindra Manulife Arbitrage Fund Regular Growth

Low Risk

1.2%0.0%₹70.51 Cr6.2%

About the AMC

Total AUM

₹13,599 Cr

Address

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

Other Funds by Mahindra Manulife Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.5%1.0%₹826.97 Cr-
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹448.64 Cr34.5%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.1%0.0%₹1061.93 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹858.41 Cr34.3%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹148.27 Cr6.8%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.4%1.0%₹21.40 Cr-5.5%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderately High risk

0.8%1.0%₹485.01 Cr20.8%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹64.32 Cr7.1%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹50.06 Cr7.3%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹70.51 Cr7.0%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1138.39 Cr35.2%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹731.33 Cr31.1%

Risk Level

Your principal amount will be at Low Risk

Low Risk
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The NAV of Mahindra Manulife Arbitrage Fund Direct Growth, as of 17-May-2024, is ₹11.98.
The fund has generated 7.02% over the last 1 year and 5.32% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as -0.39% in equities, 4.08% in bonds, and 96.30% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife Arbitrage Fund Direct Growth are:-
  1. Rahul Pal
  2. Manish Lodha
  3. Abhinav Khandelwal