Dezerv

Fund Overview

Fund Size

Fund Size

₹2,074 Cr

Expense Ratio

Expense Ratio

0.18%

ISIN

ISIN

INF769K01FS1

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

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 4 years and 3 days, having been launched on 19-Jun-20.
As of 21-Jun-24, it has a Net Asset Value (NAV) of ₹12.55, Assets Under Management (AUM) of 2074.44 Crores, and an expense ratio of 0.18%.
  • Mirae Asset Arbitrage Fund Direct Growth has given a CAGR return of 5.83% since inception.
  • The fund's asset allocation comprises around 78.64% in equities, 3.55% in debts, and 17.80% 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

+8.69%

+7.44% (Cat Avg.)

3 Years

+6.38%

+5.53% (Cat Avg.)

Since Inception

+5.83%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity1,631.28 Cr78.64%
Debt73.7 Cr3.55%
Others369.46 Cr17.81%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
TrepsCash - Repurchase Agreement336.65 Cr16.23%
Net Receivables / (Payables)Cash-187.84 Cr9.05%
Mirae Asset Liquid Dir GrMutual Fund - Open End116.34 Cr5.61%
HDFC Bank LtdEquity56.69 Cr2.73%
Hindalco Industries LtdEquity51.92 Cr2.50%
Vodafone Idea LtdEquity49.65 Cr2.39%
Reliance Industries LtdEquity40.77 Cr1.97%
Bajaj Auto LtdEquity31 Cr1.49%
Vedanta LtdEquity30.74 Cr1.48%
Trent LtdEquity23.98 Cr1.16%
Biocon LtdEquity21.8 Cr1.05%
Axis Bank LtdEquity21.21 Cr1.02%
ICICI Bank LtdEquity20.4 Cr0.98%
HDFC Life Insurance Company LimitedEquity20.32 Cr0.98%
Kotak Mahindra Bank LtdEquity20.3 Cr0.98%
360 One Prime Ltd.Cash - Commercial Paper19.94 Cr0.96%
Mahindra & Mahindra LtdEquity19.74 Cr0.95%
India (Republic of)Bond - Short-term Government Bills19.59 Cr0.94%
Apollo Tyres LtdEquity19.23 Cr0.93%
Adani Ports & Special Economic Zone LtdEquity19.15 Cr0.92%
Maruti Suzuki India LtdEquity18.97 Cr0.91%
Dr Reddy's Laboratories LtdEquity18.9 Cr0.91%
Steel Authority Of India LtdEquity18.58 Cr0.90%
Hindustan Aeronautics Ltd Ordinary SharesEquity18.5 Cr0.89%
Shriram Finance LtdEquity18.22 Cr0.88%
Bandhan Bank LtdEquity18.12 Cr0.87%
Sun Pharmaceuticals Industries LtdEquity17.98 Cr0.87%
Deepak Nitrite LtdEquity17.75 Cr0.86%
State Bank of IndiaEquity17.75 Cr0.86%
IndusInd Bank LtdEquity17.62 Cr0.85%
Bank of BarodaEquity17.51 Cr0.84%
Britannia Industries LtdEquity17.51 Cr0.84%
Ashok Leyland LtdEquity17.14 Cr0.83%
Larsen & Toubro LtdEquity16.95 Cr0.82%
Ambuja Cements LtdEquity16.89 Cr0.81%
ACC LtdEquity16.88 Cr0.81%
Tata Consultancy Services LtdEquity16.64 Cr0.80%
Info Edge (India) LtdEquity16.32 Cr0.79%
Max Financial Services LtdEquity16.01 Cr0.77%
Indraprastha Gas LtdEquity15.74 Cr0.76%
DLF LtdEquity15.41 Cr0.74%
Apollo Hospitals Enterprise LtdEquity15.4 Cr0.74%
Tata Motors LtdEquity15.13 Cr0.73%
Tata Steel LtdEquity15.08 Cr0.73%
182 DTB 06062024Bond - Gov't/Treasury14.99 Cr0.72%
6.18% Govt Stock 2024Bond - Gov't/Treasury14.94 Cr0.72%
Adani Enterprises LtdEquity14.94 Cr0.72%
Grasim Industries LtdEquity14.92 Cr0.72%
India (Republic of)Bond - Short-term Government Bills14.71 Cr0.71%
Zee Entertainment Enterprises LtdEquity14.7 Cr0.71%
GMR Airports Infrastructure LtdEquity14.56 Cr0.70%
Hindustan Copper LtdEquity14.43 Cr0.70%
JSW Steel LtdEquity14.38 Cr0.69%
Bharat Electronics LtdEquity13.83 Cr0.67%
Titan Co LtdEquity13.56 Cr0.65%
Nestle India LtdEquity13.47 Cr0.65%
PVR INOX LtdEquity13.32 Cr0.64%
Aditya Birla Capital LtdEquity13.05 Cr0.63%
LIC Housing Finance LtdEquity12.91 Cr0.62%
Samvardhana Motherson International LtdEquity12.46 Cr0.60%
Asian Paints LtdEquity12.22 Cr0.59%
Godrej Properties LtdEquity12.14 Cr0.59%
Dixon Technologies (India) LtdEquity11.93 Cr0.58%
National Aluminium Co LtdEquity11.79 Cr0.57%
Tech Mahindra LtdEquity11.72 Cr0.56%
Cholamandalam Investment and Finance Co LtdEquity11.71 Cr0.56%
Punjab National BankEquity11.7 Cr0.56%
Bharti Airtel LtdEquity11.61 Cr0.56%
TVS Motor Co LtdEquity11.59 Cr0.56%
Manappuram Finance LtdEquity11.28 Cr0.54%
Coal India LtdEquity10.62 Cr0.51%
Colgate-Palmolive (India) LtdEquity10.6 Cr0.51%
Exide Industries LtdEquity10.55 Cr0.51%
Jindal Steel & Power LtdEquity10.47 Cr0.50%
Multi Commodity Exchange of India LtdEquity10.46 Cr0.50%
Balrampur Chini Mills LtdEquity10.41 Cr0.50%
Zydus Lifesciences LtdEquity10.35 Cr0.50%
Glenmark Pharmaceuticals LtdEquity10.35 Cr0.50%
Tata Consumer Products LtdEquity10.31 Cr0.50%
Shree Cement LtdEquity10.3 Cr0.50%
Cipla LtdEquity10.25 Cr0.49%
Lupin LtdEquity10.22 Cr0.49%
Hindustan Unilever LtdEquity10.13 Cr0.49%
Cummins India LtdEquity10.12 Cr0.49%
India (Republic of)Bond - Short-term Government Bills9.97 Cr0.48%
India (Republic of)Bond - Short-term Government Bills9.95 Cr0.48%
India (Republic of)Bond - Short-term Government Bills9.92 Cr0.48%
182 DTB 26102024Bond - Gov't/Treasury9.89 Cr0.48%
SBI Life Insurance Company LimitedEquity9.88 Cr0.48%
India (Republic of)Bond - Short-term Government Bills9.86 Cr0.48%
Coforge LtdEquity9.84 Cr0.47%
182 DTB 29082024Bond - Gov't/Treasury9.84 Cr0.47%
India (Republic of)Bond - Short-term Government Bills9.82 Cr0.47%
REC LtdEquity9.79 Cr0.47%
India (Republic of)Bond - Short-term Government Bills9.78 Cr0.47%
InterGlobe Aviation LtdEquity9.68 Cr0.47%
Bajaj Finance LtdEquity9.54 Cr0.46%
Bharat Petroleum Corp LtdEquity9.27 Cr0.45%
Siemens LtdEquity9.09 Cr0.44%
ITC LtdEquity9.07 Cr0.44%
Bharat Forge LtdEquity9.02 Cr0.43%
Indian Railway Catering And Tourism Corp LtdEquity8.93 Cr0.43%
ICICI Lombard General Insurance Co LtdEquity8.77 Cr0.42%
Oil & Natural Gas Corp LtdEquity8.7 Cr0.42%
Escorts Kubota LtdEquity8.61 Cr0.42%
Dabur India LtdEquity8.52 Cr0.41%
Canara BankEquity8.44 Cr0.41%
The Federal Bank LtdEquity8.35 Cr0.40%
NTPC LtdEquity8.24 Cr0.40%
Aurobindo Pharma LtdEquity8.22 Cr0.40%
Syngene International LtdEquity8.2 Cr0.40%
IDFC First Bank LtdEquity8.14 Cr0.39%
ABB India LtdEquity7.9 Cr0.38%
NMDC LtdEquity7.73 Cr0.37%
Persistent Systems LtdEquity7.71 Cr0.37%
Torrent Pharmaceuticals LtdEquity7.55 Cr0.36%
Pidilite Industries LtdEquity7.28 Cr0.35%
Indian Hotels Co LtdEquity7.19 Cr0.35%
IDFC LtdEquity6.91 Cr0.33%
Bajaj Finserv LtdEquity6.65 Cr0.32%
Indian Oil Corp LtdEquity6.57 Cr0.32%
Dalmia Bharat LtdEquity6.57 Cr0.32%
UltraTech Cement LtdEquity6.54 Cr0.32%
Mphasis LtdEquity6.28 Cr0.30%
Piramal Enterprises LtdEquity6.2 Cr0.30%
Aarti Industries LtdEquity5.87 Cr0.28%
Divi's Laboratories LtdEquity5.86 Cr0.28%
Mahanagar Gas LtdEquity5.5 Cr0.27%
182 DTB 20062024Bond - Gov't/Treasury4.98 Cr0.24%
182 DTB 27062024Bond - Gov't/Treasury4.98 Cr0.24%
RBL Bank LtdEquity4.91 Cr0.24%
PI Industries LtdEquity4.87 Cr0.23%
364 DTB 14112024Bond - Gov't/Treasury4.85 Cr0.23%
Crompton Greaves Consumer Electricals LtdEquity4.38 Cr0.21%
Laurus Labs LtdEquity4.13 Cr0.20%
Infosys LtdEquity3.71 Cr0.18%
Tata Communications LtdEquity3.65 Cr0.18%
Indian Energy Exchange LtdEquity3.1 Cr0.15%
Atul LtdEquity2.7 Cr0.13%
Power Finance Corp LtdEquity2.62 Cr0.13%
Balkrishna Industries LtdEquity2.56 Cr0.12%
UPL LtdEquity1.39 Cr0.07%
Polycab India LtdEquity1.35 Cr0.07%
Birlasoft LtdEquity1.21 Cr0.06%
Navin Fluorine International LtdEquity0.86 Cr0.04%
Bharat Heavy Electricals LtdEquity0.63 Cr0.03%
HDFC Asset Management Co LtdEquity0.47 Cr0.02%
HCL Technologies LtdEquity0.37 Cr0.02%
L&T Finance LtdEquity0.34 Cr0.02%
Hindustan Petroleum Corp LtdEquity0.15 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

48.87%

Mid Cap Stocks

24.40%

Small Cap Stocks

5.36%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services409.39 Cr19.74%
Basic Materials300.16 Cr14.47%
Consumer Cyclical199.34 Cr9.61%
Industrials156.44 Cr7.54%
Healthcare149.21 Cr7.19%
Communication Services109.24 Cr5.27%
Energy91.02 Cr4.39%
Consumer Defensive90.02 Cr4.34%
Technology69.42 Cr3.35%
Utilities29.48 Cr1.42%
Real Estate27.55 Cr1.33%

Risk & Performance Ratios

Standard Deviation

This fund

0.71%

Cat. avg.

0.81%

Lower the better

Sharpe Ratio

This fund

1.15

Cat. avg.

-0.13

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.13

Higher the better

Fund Managers

JR

Jignesh Rao

Since June 2020

JS

Jigar Shethia

Since June 2020

Abhishek Iyer

Abhishek Iyer

Since January 2023

Additional Scheme Detailsas of 31st May 2024

ISININF769K01FS1Expense Ratio0.18%Exit LoadNo ChargesFund Size₹2,074 CrAge19 Jun 2020Lumpsum Minimum₹5,000Fund 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 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 nameExpense RatioExit LoadFund size
1Y
Sundaram Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹112.91 Cr7.4%
Sundaram Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹112.91 Cr8.0%
Bank of India Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹31.24 Cr7.7%
Bank of India Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹31.24 Cr6.9%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹2074.44 Cr8.7%
Mirae Asset Arbitrage Fund Regular Growth

Low Risk

1.0%0.0%₹2074.44 Cr7.9%
Tata Arbitrage Fund Regular Growth

Low Risk

1.1%0.0%₹11828.86 Cr7.8%
Tata Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹11828.86 Cr8.6%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹73.62 Cr7.2%
Mahindra Manulife Arbitrage Fund Regular Growth

Low Risk

1.2%0.0%₹73.62 Cr6.3%

About the AMC

Total AUM

₹1,71,472 Cr

Address

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

Other Funds by Mirae Asset India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth

High Risk

0.4%1.0%₹1447.55 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.4%1.0%₹3409.20 Cr35.1%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹11570.11 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹35272.60 Cr41.0%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹37631.07 Cr26.3%
Mirae Asset Savings Fund Direct Growth

Moderate Risk

0.2%0.0%₹616.30 Cr7.5%
Mirae Asset Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹137.73 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹7920.31 Cr20.9%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹151.02 Cr6.9%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1541.06 Cr50.1%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8563.76 Cr27.1%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.2%0.0%₹722.32 Cr35.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹105.57 Cr28.9%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹541.56 Cr37.4%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹796.24 Cr7.4%
Mirae Asset Ultra Short Duration Fund Direct Growth

Moderate Risk

0.2%0.0%₹1542.73 Cr7.6%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹1874.54 Cr35.6%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1671.29 Cr28.9%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.4%1.0%₹2778.68 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.5%0.0%₹87.16 Cr59.3%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹22620.57 Cr37.3%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹83.54 Cr7.3%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹45.20 Cr6.9%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹75.88 Cr-1.0%
Mirae Asset Equity Savings Fund Direct Growth

Moderate Risk

0.3%1.0%₹1088.38 Cr18.5%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹58.34 Cr7.0%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.9%1.0%₹319.61 Cr29.1%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

2.0%1.0%₹79.67 Cr-9.9%
Mirae Asset Overnight Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹946.53 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹336.44 Cr7.4%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹228.24 Cr7.4%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹92.60 Cr7.1%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2201.96 Cr45.4%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹2074.44 Cr8.7%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹15353.87 Cr50.1%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1589.97 Cr22.9%

Risk Level

Your principal amount will be at Low Risk

Low Risk
Wealth Monitor

Unlock Expert Insights!

Maximise Returns with our Wealth Monitor App. Try it now!

Still got questions?
We're here to help.

The NAV of Mirae Asset Arbitrage Fund Direct Growth, as of 21-Jun-2024, is ₹12.55.
The fund has generated 8.69% over the last 1 year and 6.38% 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 78.64% in equities, 3.55% in bonds, and 17.80% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Arbitrage Fund Direct Growth are:-
  1. Jignesh Rao
  2. Jigar Shethia
  3. Abhishek Iyer