Mirae Asset Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹1,870 Cr

Expense Ratio

0.17%

ISIN

INF769K01FS1

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

19 Jun 2020

About this fund

Mirae Asset Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 3 years, 11 months and 1 days, having been launched on 19-Jun-20.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹12.44, Assets Under Management (AUM) of 1870.00 Crores, and an expense ratio of 0.17%.

Mirae Asset Arbitrage Fund Direct Growth has given a CAGR return of 5.75% since inception.
The fund's asset allocation comprises around 83.06% in equities, 3.92% in debts, and 13.02% in cash & cash equivalents.
You can start investing in Mirae Asset Arbitrage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

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

+8.49%

+7.33% (Cat Avg.)

3 Years

+6.30%

+5.48% (Cat Avg.)

Since Inception

+5.75%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity	₹1,553.15 Cr	83.06%
Debt	₹73.33 Cr	3.92%
Others	₹243.52 Cr	13.02%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Treps	Cash - Repurchase Agreement	₹125.83 Cr	6.73%
Tech Mahindra Ltd	Equity	₹67.7 Cr	3.62%
Mirae Asset Liquid Dir Gr	Mutual Fund - Open End	₹55.88 Cr	2.99%
Net Receivables / (Payables)	Cash	₹-52.25 Cr	2.79%
Kotak Mahindra Bank Ltd	Equity	₹49.69 Cr	2.66%
Tata Steel Ltd	Equity	₹40.66 Cr	2.17%
ICICI Bank Ltd	Equity	₹38.17 Cr	2.04%
HDFC Bank Ltd	Equity	₹35.45 Cr	1.90%
Axis Bank Ltd	Equity	₹31.19 Cr	1.67%
Hindustan Unilever Ltd	Equity	₹27.17 Cr	1.45%
Infosys Ltd	Equity	₹26.02 Cr	1.39%
Bank of Baroda	Equity	₹25.85 Cr	1.38%
Biocon Ltd	Equity	₹25.3 Cr	1.35%
Trent Ltd	Equity	₹23.2 Cr	1.24%
Vodafone Idea Ltd	Equity	₹21.54 Cr	1.15%
Tata Motors Ltd	Equity	₹19.96 Cr	1.07%
360 One Prime Ltd.	Cash - Commercial Paper	₹19.8 Cr	1.06%
Shriram Finance Ltd	Equity	₹19.75 Cr	1.06%
India (Republic of)	Bond - Short-term Government Bills	₹19.47 Cr	1.04%
ACC Ltd	Equity	₹18.91 Cr	1.01%
Hero MotoCorp Ltd	Equity	₹18.67 Cr	1.00%
Adani Ports & Special Economic Zone Ltd	Equity	₹18.34 Cr	0.98%
Info Edge (India) Ltd	Equity	₹17.89 Cr	0.96%
Samvardhana Motherson International Ltd	Equity	₹17.89 Cr	0.96%
Bandhan Bank Ltd	Equity	₹17.65 Cr	0.94%
Indus Towers Ltd Ordinary Shares	Equity	₹17.61 Cr	0.94%
Sun Pharmaceuticals Industries Ltd	Equity	₹17.61 Cr	0.94%
Cipla Ltd	Equity	₹17.02 Cr	0.91%
Nestle India Ltd	Equity	₹16.85 Cr	0.90%
Mahindra & Mahindra Ltd	Equity	₹16.68 Cr	0.89%
Ambuja Cements Ltd	Equity	₹16.18 Cr	0.87%
National Aluminium Co Ltd	Equity	₹16.12 Cr	0.86%
Reliance Industries Ltd	Equity	₹15.92 Cr	0.85%
Hindustan Copper Ltd	Equity	₹15.75 Cr	0.84%
Hindalco Industries Ltd	Equity	₹15.34 Cr	0.82%
Shree Cement Ltd	Equity	₹15.28 Cr	0.82%
Colgate-Palmolive (India) Ltd	Equity	₹15.13 Cr	0.81%
Persistent Systems Ltd	Equity	₹15.02 Cr	0.80%
6.18% Govt Stock 2024	Bond - Gov't/Treasury	₹14.93 Cr	0.80%
182 DTB 06062024	Bond - Gov't/Treasury	₹14.9 Cr	0.80%
Bharat Heavy Electricals Ltd	Equity	₹14.79 Cr	0.79%
Ashok Leyland Ltd	Equity	₹14.74 Cr	0.79%
Vedanta Ltd	Equity	₹14.73 Cr	0.79%
Tata Communications Ltd	Equity	₹14.7 Cr	0.79%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹14.65 Cr	0.78%
India (Republic of)	Bond - Short-term Government Bills	₹14.62 Cr	0.78%
Container Corporation of India Ltd	Equity	₹14.6 Cr	0.78%
Manappuram Finance Ltd	Equity	₹14.29 Cr	0.76%
LIC Housing Finance Ltd	Equity	₹13.75 Cr	0.74%
Adani Enterprises Ltd	Equity	₹13.38 Cr	0.72%
Punjab National Bank	Equity	₹12.75 Cr	0.68%
Tata Consultancy Services Ltd	Equity	₹12.24 Cr	0.65%
AU Small Finance Bank Ltd	Equity	₹12.04 Cr	0.64%
Multi Commodity Exchange of India Ltd	Equity	₹11.83 Cr	0.63%
Godrej Properties Ltd	Equity	₹11.82 Cr	0.63%
Apollo Hospitals Enterprise Ltd	Equity	₹11.52 Cr	0.62%
GAIL (India) Ltd	Equity	₹11.48 Cr	0.61%
Bharti Airtel Ltd	Equity	₹11.18 Cr	0.60%
IndusInd Bank Ltd	Equity	₹11.06 Cr	0.59%
Maruti Suzuki India Ltd	Equity	₹11.02 Cr	0.59%
IDFC Ltd	Equity	₹10.95 Cr	0.59%
Balrampur Chini Mills Ltd	Equity	₹10.95 Cr	0.59%
Tata Power Co Ltd	Equity	₹10.92 Cr	0.58%
Zee Entertainment Enterprises Ltd	Equity	₹10.89 Cr	0.58%
Asian Paints Ltd	Equity	₹10.58 Cr	0.57%
Larsen & Toubro Ltd	Equity	₹10.57 Cr	0.57%
Navin Fluorine International Ltd	Equity	₹10.57 Cr	0.56%
Aditya Birla Capital Ltd	Equity	₹10.5 Cr	0.56%
SBI Life Insurance Company Limited	Equity	₹10.24 Cr	0.55%
Eicher Motors Ltd	Equity	₹10.22 Cr	0.55%
Exide Industries Ltd	Equity	₹10.2 Cr	0.55%
RBL Bank Ltd	Equity	₹10.15 Cr	0.54%
Bharat Electronics Ltd	Equity	₹9.99 Cr	0.53%
India (Republic of)	Bond - Short-term Government Bills	₹9.95 Cr	0.53%
182 DTB 30052024	Bond - Gov't/Treasury	₹9.95 Cr	0.53%
India (Republic of)	Bond - Short-term Government Bills	₹9.95 Cr	0.53%
India (Republic of)	Bond - Short-term Government Bills	₹9.91 Cr	0.53%
India (Republic of)	Bond - Short-term Government Bills	₹9.89 Cr	0.53%
Bajaj Finance Ltd	Equity	₹9.87 Cr	0.53%
India (Republic of)	Bond - Short-term Government Bills	₹9.86 Cr	0.53%
Coal India Ltd	Equity	₹9.83 Cr	0.53%
India (Republic of)	Bond - Short-term Government Bills	₹9.76 Cr	0.52%
Canara Bank	Equity	₹9.74 Cr	0.52%
India (Republic of)	Bond - Short-term Government Bills	₹9.72 Cr	0.52%
Piramal Enterprises Ltd	Equity	₹9.71 Cr	0.52%
Power Finance Corp Ltd	Equity	₹9.58 Cr	0.51%
Syngene International Ltd	Equity	₹9.58 Cr	0.51%
ICICI Lombard General Insurance Co Ltd	Equity	₹9.49 Cr	0.51%
JSW Steel Ltd	Equity	₹9.41 Cr	0.50%
The Federal Bank Ltd	Equity	₹9.27 Cr	0.50%
Oil & Natural Gas Corp Ltd	Equity	₹9.26 Cr	0.49%
NTPC Ltd	Equity	₹9.15 Cr	0.49%
Indian Railway Catering And Tourism Corp Ltd	Equity	₹9.09 Cr	0.49%
Steel Authority Of India Ltd	Equity	₹9.06 Cr	0.48%
Deepak Nitrite Ltd	Equity	₹9.04 Cr	0.48%
Pidilite Industries Ltd	Equity	₹8.92 Cr	0.48%
Polycab India Ltd	Equity	₹8.9 Cr	0.48%
Indian Oil Corp Ltd	Equity	₹8.89 Cr	0.48%
ABB India Ltd	Equity	₹8.83 Cr	0.47%
Bharat Forge Ltd	Equity	₹8.71 Cr	0.47%
Bharat Petroleum Corp Ltd	Equity	₹8.64 Cr	0.46%
TVS Motor Co Ltd	Equity	₹8.51 Cr	0.45%
IDFC First Bank Ltd	Equity	₹8.5 Cr	0.45%
Dixon Technologies (India) Ltd	Equity	₹8.26 Cr	0.44%
Jindal Steel & Power Ltd	Equity	₹8.25 Cr	0.44%
Glenmark Pharmaceuticals Ltd	Equity	₹8.12 Cr	0.43%
Escorts Kubota Ltd	Equity	₹8.04 Cr	0.43%
Max Financial Services Ltd	Equity	₹8.01 Cr	0.43%
Aurobindo Pharma Ltd	Equity	₹7.99 Cr	0.43%
Dabur India Ltd	Equity	₹7.93 Cr	0.42%
United Spirits Ltd	Equity	₹7.74 Cr	0.41%
Dr. Lal PathLabs Ltd	Equity	₹7.54 Cr	0.40%
Indian Hotels Co Ltd	Equity	₹7.44 Cr	0.40%
DLF Ltd	Equity	₹7.36 Cr	0.39%
NMDC Ltd	Equity	₹7.33 Cr	0.39%
Aarti Industries Ltd	Equity	₹7.12 Cr	0.38%
Zydus Lifesciences Ltd	Equity	₹6.52 Cr	0.35%
PI Industries Ltd	Equity	₹6.39 Cr	0.34%
Mahanagar Gas Ltd	Equity	₹6.35 Cr	0.34%
REC Ltd	Equity	₹6.29 Cr	0.34%
Bajaj Finserv Ltd	Equity	₹6.06 Cr	0.32%
Mphasis Ltd	Equity	₹5.92 Cr	0.32%
Divi's Laboratories Ltd	Equity	₹5.44 Cr	0.29%
Britannia Industries Ltd	Equity	₹5.16 Cr	0.28%
Alkem Laboratories Ltd	Equity	₹5.12 Cr	0.27%
182 DTB 09052024	Bond - Gov't/Treasury	₹4.99 Cr	0.27%
364 DTB 23052024	Bond - Gov't/Treasury	₹4.98 Cr	0.27%
182 DTB 20062024	Bond - Gov't/Treasury	₹4.95 Cr	0.26%
182 DTB 27062024	Bond - Gov't/Treasury	₹4.95 Cr	0.26%
364 DTB 14112024	Bond - Gov't/Treasury	₹4.82 Cr	0.26%
Dalmia Bharat Ltd	Equity	₹4.5 Cr	0.24%
State Bank of India	Equity	₹4.09 Cr	0.22%
LTIMindtree Ltd	Equity	₹3.95 Cr	0.21%
Cholamandalam Investment and Finance Co Ltd	Equity	₹3.73 Cr	0.20%
L&T Finance Ltd	Equity	₹3.42 Cr	0.18%
Can Fin Homes Ltd	Equity	₹3.42 Cr	0.18%
HCL Technologies Ltd	Equity	₹3.4 Cr	0.18%
Indian Energy Exchange Ltd	Equity	₹3.17 Cr	0.17%
Atul Ltd	Equity	₹2.87 Cr	0.15%
PVR INOX Ltd	Equity	₹1.72 Cr	0.09%
Mahindra & Mahindra Financial Services Ltd	Equity	₹1.62 Cr	0.09%
Birlasoft Ltd	Equity	₹1.43 Cr	0.08%
UltraTech Cement Ltd	Equity	₹1.4 Cr	0.07%
UPL Ltd	Equity	₹1.38 Cr	0.07%
Astral Ltd	Equity	₹1.17 Cr	0.06%
Balkrishna Industries Ltd	Equity	₹0.36 Cr	0.02%
Torrent Pharmaceuticals Ltd	Equity	₹0.26 Cr	0.01%
Apollo Tyres Ltd	Equity	₹0.09 Cr	0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

50.78%

Mid Cap Stocks

25.22%

Small Cap Stocks

7.06%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹441.28 Cr	23.60%
Basic Materials	₹249.8 Cr	13.36%
Consumer Cyclical	₹152.95 Cr	8.18%
Technology	₹143.94 Cr	7.70%
Industrials	₹133.69 Cr	7.15%
Healthcare	₹122.05 Cr	6.53%
Communication Services	₹95.53 Cr	5.11%
Consumer Defensive	₹90.93 Cr	4.86%
Energy	₹65.91 Cr	3.52%
Utilities	₹37.9 Cr	2.03%
Real Estate	₹19.18 Cr	1.03%

Risk & Performance Ratios

Standard Deviation

This fund

0.70%

Cat. avg.

0.82%

Lower the better

Sharpe Ratio

This fund

1.18

Cat. avg.

-0.05

Higher the better

Sortino Ratio

This fund

Cat. avg.

0.24

Higher the better

Fund Managers

Jignesh Rao

Since June 2020

Jigar Shethia

Since June 2020

Abhishek Iyer

Since January 2023

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF769K01FS1		Expense Ratio	0.17%		Exit Load	No Charges		Fund Size	₹1,870 Cr		Age	19 Jun 2020		Lumpsum Minimum	₹5,000		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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

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 name	Expense Ratio	Exit Load	Fund size	1Y
Sundaram Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹105.78 Cr	7.3%
Sundaram Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹105.78 Cr	7.9%
Bank of India Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹28.97 Cr	7.5%
Bank of India Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹28.97 Cr	6.8%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹1870.00 Cr	7.7%
Tata Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹11605.73 Cr	7.5%
Tata Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹11605.73 Cr	8.4%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹70.51 Cr	7.0%
Mahindra Manulife Arbitrage Fund Regular Growth Low Risk	1.2%	0.0%	₹70.51 Cr	6.2%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,63,012 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1406.88 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3351.36 Cr	37.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10073.98 Cr	7.3%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹34974.46 Cr	40.7%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38060.19 Cr	24.0%
Mirae Asset Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹594.96 Cr	7.4%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹145.28 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8312.74 Cr	18.4%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹155.33 Cr	6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1570.17 Cr	80.9%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8545.85 Cr	25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹705.09 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹111.07 Cr	28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.86 Cr	49.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹795.72 Cr	6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1463.94 Cr	7.6%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1815.41 Cr	33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1702.61 Cr	24.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2683.33 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹78.52 Cr	60.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22471.76 Cr	36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹83.22 Cr	6.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.85 Cr	6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.8%	0.0%	₹72.50 Cr	7.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1019.74 Cr	17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.30 Cr	6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹316.95 Cr	41.2%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹95.84 Cr	2.8%
Mirae Asset Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹865.39 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹225.99 Cr	6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹103.31 Cr	6.9%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2236.01 Cr	52.1%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹15139.44 Cr	53.0%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%

Risk Level

Your principal amount will be at Low Risk

Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Arbitrage Fund Direct Growth?

The NAV of Mirae Asset Arbitrage Fund Direct Growth, as of 17-May-2024, is ₹12.44.

What are the returns of Mirae Asset Arbitrage Fund Direct Growth?

The fund has generated 8.49% over the last 1 year and 6.30% 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 Mirae Asset Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as 83.06% in equities, 3.92% in bonds, and 13.02% in cash and cash equivalents.

Who manages the Mirae Asset Arbitrage Fund Direct Growth?

The fund managers responsible for Mirae Asset Arbitrage Fund Direct Growth are:-

Jignesh Rao
Jigar Shethia
Abhishek Iyer

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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Mirae Asset Arbitrage Fund Direct Growth

Fund Overview