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Mahindra Manulife Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (21-Nov-24)
₹12.380.03%1D
Returns (Since Inception)
5.16%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹109 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, 2 months and 29 days, having been launched on 24-Aug-20.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹12.38, Assets Under Management (AUM) of 108.62 Crores, and an expense ratio of 0.41%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹12.38, Assets Under Management (AUM) of 108.62 Crores, and an expense ratio of 0.41%.
- Mahindra Manulife Arbitrage Fund Direct Growth has given a CAGR return of 5.16% since inception.
- The fund's asset allocation comprises around -0.40% in equities, 0.89% in debts, and 99.50% 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
+7.12%
+7.51% (Cat Avg.)
3 Years
+5.79%
+6.13% (Cat Avg.)
Since Inception
+5.16%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹-0.44 Cr | -0.40% |
| Debt | ₹0.97 Cr | 0.89% |
| Others | ₹108.09 Cr | 99.51% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹75.01 Cr | 69.05% |
| Triparty Repo | Cash - Repurchase Agreement | ₹14.73 Cr | 13.56% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-7.36 Cr | 6.78% |
| Tata Power Co Ltd | Equity | ₹7.31 Cr | 6.73% |
| Mahindra Manu Liquid Dir Gr | Mutual Fund - Open End | ₹5.49 Cr | 5.05% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-5.31 Cr | 4.88% |
| Larsen & Toubro Ltd | Equity | ₹5.27 Cr | 4.85% |
| 364 DTB 02052024 | Bond - Gov't/Treasury | ₹4.93 Cr | 4.54% |
| Hdfc Bank Limited November 2024 Future | Equity - Future | ₹-4.61 Cr | 4.25% |
| HDFC Bank Ltd | Equity | ₹4.58 Cr | 4.22% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-3.55 Cr | 3.27% |
| Reliance Industries Ltd | Equity | ₹3.53 Cr | 3.25% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-3.42 Cr | 3.14% |
| Hindustan Petroleum Corp Ltd | Equity | ₹3.39 Cr | 3.12% |
| Future on Maruti Suzuki India Ltd | Equity - Future | ₹-3.34 Cr | 3.08% |
| Maruti Suzuki India Ltd | Equity | ₹3.32 Cr | 3.06% |
| Future on Axis Bank Ltd | Equity - Future | ₹-3.29 Cr | 3.03% |
| Axis Bank Ltd | Equity | ₹3.26 Cr | 3.00% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-2.79 Cr | 2.57% |
| Kotak Mahindra Bank Ltd | Equity | ₹2.77 Cr | 2.55% |
| Future on Tata Steel Ltd | Equity - Future | ₹-2.55 Cr | 2.35% |
| Future on Adani Ports & Special Economic Zone Ltd | Equity - Future | ₹-2.55 Cr | 2.35% |
| Tata Steel Ltd | Equity | ₹2.53 Cr | 2.33% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹2.53 Cr | 2.33% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-2.45 Cr | 2.26% |
| UltraTech Cement Ltd | Equity | ₹2.43 Cr | 2.24% |
| Future on NTPC Ltd | Equity - Future | ₹-2.34 Cr | 2.15% |
| NTPC Ltd | Equity | ₹2.33 Cr | 2.14% |
| Future on JSW Steel Ltd | Equity - Future | ₹-2.16 Cr | 1.99% |
| JSW Steel Ltd | Equity | ₹2.15 Cr | 1.98% |
| Indus Towers Limited November 2024 Future | Equity - Future | ₹-2.1 Cr | 1.93% |
| Future on Coal India Ltd | Equity - Future | ₹-2.1 Cr | 1.93% |
| Coal India Ltd | Equity | ₹2.09 Cr | 1.92% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹2.08 Cr | 1.92% |
| 364 DTB 14112024 | Bond - Gov't/Treasury | ₹2 Cr | 1.84% |
| 364 DTB 12122024 | Bond - Gov't/Treasury | ₹1.99 Cr | 1.83% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹1.98 Cr | 1.82% |
| Future on Ashok Leyland Ltd | Equity - Future | ₹-1.98 Cr | 1.82% |
| 364 DTB 02052025 | Bond - Gov't/Treasury | ₹1.98 Cr | 1.82% |
| Ashok Leyland Ltd | Equity | ₹1.98 Cr | 1.82% |
| Future on Oil & Natural Gas Corp Ltd | Equity - Future | ₹-1.85 Cr | 1.70% |
| Future on Cholamandalam Investment and Finance Co Ltd | Equity - Future | ₹-1.84 Cr | 1.70% |
| Oil & Natural Gas Corp Ltd | Equity | ₹1.84 Cr | 1.70% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹1.83 Cr | 1.68% |
| Future on Bajaj Finserv Ltd | Equity - Future | ₹-1.76 Cr | 1.62% |
| Bajaj Finserv Ltd | Equity | ₹1.75 Cr | 1.61% |
| Titan Company Limited November 2024 Future | Equity - Future | ₹-1.61 Cr | 1.48% |
| Titan Co Ltd | Equity | ₹1.6 Cr | 1.47% |
| Itc Limited November 2024 Future | Equity - Future | ₹-1.57 Cr | 1.45% |
| ITC Ltd | Equity | ₹1.56 Cr | 1.44% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-1.45 Cr | 1.34% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-1.44 Cr | 1.33% |
| Hindalco Industries Ltd | Equity | ₹1.44 Cr | 1.33% |
| Mahindra & Mahindra Ltd | Equity | ₹1.43 Cr | 1.32% |
| Vedanta Limited November 2024 Future | Equity - Future | ₹-1.39 Cr | 1.28% |
| Vedanta Ltd | Equity | ₹1.39 Cr | 1.28% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-1.3 Cr | 1.20% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹1.29 Cr | 1.19% |
| Hindustan Unilever Ltd | Equity | ₹1.21 Cr | 1.12% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-1.21 Cr | 1.11% |
| 364 DTB | Bond - Gov't/Treasury | ₹0.97 Cr | 0.89% |
| Future on Steel Authority Of India Ltd | Equity - Future | ₹-0.89 Cr | 0.81% |
| Steel Authority Of India Ltd | Equity | ₹0.88 Cr | 0.81% |
| Future on Canara Bank | Equity - Future | ₹-0.84 Cr | 0.77% |
| Canara Bank | Equity | ₹0.83 Cr | 0.77% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-0.8 Cr | 0.73% |
| IndusInd Bank Ltd | Equity | ₹0.79 Cr | 0.73% |
| Infosys Limited November 2024 Future | Equity - Future | ₹-0.64 Cr | 0.59% |
| Infosys Ltd | Equity | ₹0.63 Cr | 0.58% |
| Future on Hero MotoCorp Ltd | Equity - Future | ₹-0.45 Cr | 0.42% |
| Hero MotoCorp Ltd | Equity | ₹0.45 Cr | 0.41% |
| Future on Wipro Ltd | Equity - Future | ₹-0.42 Cr | 0.38% |
| Wipro Ltd | Equity | ₹0.41 Cr | 0.38% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-0.15 Cr | 0.14% |
| Bharti Airtel Ltd | Equity | ₹0.15 Cr | 0.14% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹15.82 Cr | 14.56% |
| Energy | ₹10.86 Cr | 9.99% |
| Basic Materials | ₹10.82 Cr | 9.96% |
| Industrials | ₹9.78 Cr | 9.00% |
| Utilities | ₹9.63 Cr | 8.87% |
| Consumer Cyclical | ₹6.81 Cr | 6.27% |
| Consumer Defensive | ₹2.78 Cr | 2.56% |
| Communication Services | ₹2.24 Cr | 2.06% |
| Healthcare | ₹1.29 Cr | 1.19% |
| Technology | ₹1.05 Cr | 0.96% |
Risk & Performance Ratios
Standard Deviation
This fund
0.59%
Cat. avg.
0.74%
Lower the better
Sharpe Ratio
This fund
-0.95
Cat. avg.
-0.04
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.22
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st October 2024
ISIN INF174V01AA0 | Expense Ratio 0.41% | Exit Load No Charges | Fund Size ₹109 Cr | Age 4 years 2 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  |
|---|---|---|---|---|
| Sundaram Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹221.65 Cr | 7.3% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹221.65 Cr | 7.9% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹40.76 Cr | 7.8% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹40.76 Cr | 7.1% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹2839.16 Cr | 8.5% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹2839.16 Cr | 7.6% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹12432.45 Cr | 7.6% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹12432.45 Cr | 8.5% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹108.62 Cr | 7.1% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹108.62 Cr | 6.3% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹19,568 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 21-Nov-2024, is ₹12.38.
What are the returns of Mahindra Manulife Arbitrage Fund Direct Growth?
The fund has generated 7.12% over the last 1 year and 5.79% 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 -0.40% in equities, 0.89% in bonds, and 99.50% 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
- Manish Lodha
- Navin Matta
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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.