Mirae Asset Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹2,970 Cr

Expense Ratio

0.14%

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 4 years, 9 months and 9 days, having been launched on 19-Jun-20.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹13.26, Assets Under Management (AUM) of 2969.67 Crores, and an expense ratio of 0.14%.

Mirae Asset Arbitrage Fund Direct Growth has given a CAGR return of 6.09% since inception.
The fund's asset allocation comprises around 74.18% in equities, 1.00% in debts, and 24.79% 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

+7.88%

+6.56% (Cat Avg.)

3 Years

+7.27%

+6.36% (Cat Avg.)

Since Inception

+6.09%

— (Cat Avg.)

Portfolio Summaryas of 28th February 2025

Equity	₹2,202.96 Cr	74.18%
Debt	₹29.78 Cr	1.00%
Others	₹736.93 Cr	24.82%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Treps	Cash - Repurchase Agreement	₹436.3 Cr	14.69%
Mirae Asset Liquid Dir Gr	Mutual Fund - Open End	₹282.73 Cr	9.52%
Net Receivables / (Payables)	Cash	₹-61.87 Cr	2.08%
Dr Reddy's Laboratories Ltd	Equity	₹48.85 Cr	1.64%
Mirae Asset Money Market Dir Gr	Mutual Fund - Open End	₹45.45 Cr	1.53%
Axis Bank Ltd	Equity	₹44.37 Cr	1.49%
State Bank of India	Equity	₹43.29 Cr	1.46%
ICICI Bank Ltd	Equity	₹42.14 Cr	1.42%
Jio Financial Services Ltd	Equity	₹38.26 Cr	1.29%
Kotak Mahindra Bank Ltd	Equity	₹36.16 Cr	1.22%
Reliance Industries Ltd	Equity	₹33.6 Cr	1.13%
Bharti Airtel Ltd	Equity	₹32.15 Cr	1.08%
Vedanta Ltd	Equity	₹31.64 Cr	1.07%
Mphasis Ltd	Equity	₹30.78 Cr	1.04%
Hindalco Industries Ltd	Equity	₹30.64 Cr	1.03%
Divi's Laboratories Ltd	Equity	₹29.43 Cr	0.99%
IDFC First Bank Ltd	Equity	₹29.34 Cr	0.99%
Zomato Ltd	Equity	₹28.74 Cr	0.97%
Britannia Industries Ltd	Equity	₹27.8 Cr	0.94%
Titan Co Ltd	Equity	₹27.52 Cr	0.93%
Aditya Birla Capital Ltd	Equity	₹27.18 Cr	0.92%
Vodafone Idea Ltd	Equity	₹26.88 Cr	0.91%
LTIMindtree Ltd	Equity	₹26.81 Cr	0.90%
Tech Mahindra Ltd	Equity	₹26.42 Cr	0.89%
InterGlobe Aviation Ltd	Equity	₹25.99 Cr	0.88%
Bharat Electronics Ltd	Equity	₹25.97 Cr	0.87%
RBL Bank Ltd	Equity	₹25.85 Cr	0.87%
Siemens Ltd	Equity	₹25.83 Cr	0.87%
Info Edge (India) Ltd	Equity	₹25.7 Cr	0.87%
Tata Motors Ltd	Equity	₹24.13 Cr	0.81%
Infosys Ltd	Equity	₹24.1 Cr	0.81%
Aurobindo Pharma Ltd	Equity	₹24.1 Cr	0.81%
The Federal Bank Ltd	Equity	₹23.45 Cr	0.79%
Tata Steel Ltd	Equity	₹23.17 Cr	0.78%
Apollo Hospitals Enterprise Ltd	Equity	₹22.55 Cr	0.76%
Asian Paints Ltd	Equity	₹22.41 Cr	0.75%
Godrej Consumer Products Ltd	Equity	₹22.36 Cr	0.75%
Bajaj Finserv Ltd	Equity	₹21.53 Cr	0.73%
ICICI Prudential Life Insurance Co Ltd	Equity	₹21.35 Cr	0.72%
Nestle India Ltd	Equity	₹21.33 Cr	0.72%
Adani Ports & Special Economic Zone Ltd	Equity	₹20.75 Cr	0.70%
HDFC Bank Ltd	Equity	₹20.39 Cr	0.69%
Eicher Motors Ltd	Equity	₹20.38 Cr	0.69%
Hindustan Petroleum Corp Ltd	Equity	₹20.05 Cr	0.68%
Voltas Ltd	Equity	₹20.04 Cr	0.67%
Canara Bank	Equity	₹19.82 Cr	0.67%
182 DTB 24042025	Bond - Gov't/Treasury	₹19.81 Cr	0.67%
IndusInd Bank Ltd	Equity	₹19.7 Cr	0.66%
Indus Towers Ltd Ordinary Shares	Equity	₹19.62 Cr	0.66%
DLF Ltd	Equity	₹19.61 Cr	0.66%
HCL Technologies Ltd	Equity	₹19.51 Cr	0.66%
Sun Pharmaceuticals Industries Ltd	Equity	₹19.46 Cr	0.66%
ICICI Lombard General Insurance Co Ltd	Equity	₹18.85 Cr	0.63%
Mahindra & Mahindra Ltd	Equity	₹18.46 Cr	0.62%
Hero MotoCorp Ltd	Equity	₹18.28 Cr	0.62%
Punjab National Bank	Equity	₹18.25 Cr	0.61%
Maruti Suzuki India Ltd	Equity	₹18.22 Cr	0.61%
SBI Life Insurance Co Ltd	Equity	₹18.02 Cr	0.61%
Coforge Ltd	Equity	₹18 Cr	0.61%
Grasim Industries Ltd	Equity	₹17.59 Cr	0.59%
Varun Beverages Ltd	Equity	₹16.75 Cr	0.56%
NTPC Ltd	Equity	₹16.68 Cr	0.56%
Tata Power Co Ltd	Equity	₹16.35 Cr	0.55%
Manappuram Finance Ltd	Equity	₹16.34 Cr	0.55%
Tata Consultancy Services Ltd	Equity	₹16.03 Cr	0.54%
Larsen & Toubro Ltd	Equity	₹15.66 Cr	0.53%
Godrej Properties Ltd	Equity	₹15.64 Cr	0.53%
JSW Energy Ltd	Equity	₹15.63 Cr	0.53%
Astral Ltd	Equity	₹15.56 Cr	0.52%
REC Ltd	Equity	₹15.53 Cr	0.52%
UltraTech Cement Ltd	Equity	₹15.45 Cr	0.52%
ABB India Ltd	Equity	₹15.18 Cr	0.51%
Aditya Birla Fashion and Retail Ltd	Equity	₹15.05 Cr	0.51%
Apollo Tyres Ltd	Equity	₹15.02 Cr	0.51%
182 DTB 05062025	Bond - Gov't/Treasury	₹14.75 Cr	0.50%
Bajaj Finance Ltd	Equity	₹14.61 Cr	0.49%
Cipla Ltd	Equity	₹14.5 Cr	0.49%
Coal India Ltd	Equity	₹14.43 Cr	0.49%
ACC Ltd	Equity	₹13.48 Cr	0.45%
Hindustan Unilever Ltd	Equity	₹13.27 Cr	0.45%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹13.2 Cr	0.44%
Prestige Estates Projects Ltd	Equity	₹13.03 Cr	0.44%
Mahanagar Gas Ltd	Equity	₹12.62 Cr	0.43%
TVS Motor Co Ltd	Equity	₹12.62 Cr	0.42%
Bharat Petroleum Corp Ltd	Equity	₹12.52 Cr	0.42%
Ambuja Cements Ltd	Equity	₹12.51 Cr	0.42%
HDFC Life Insurance Co Ltd	Equity	₹12.45 Cr	0.42%
Lupin Ltd	Equity	₹12.06 Cr	0.41%
Oil & Natural Gas Corp Ltd	Equity	₹11.75 Cr	0.40%
Multi Commodity Exchange of India Ltd	Equity	₹11.68 Cr	0.39%
Hindustan Copper Ltd	Equity	₹11.15 Cr	0.38%
NMDC Ltd	Equity	₹11.05 Cr	0.37%
Crompton Greaves Consumer Electricals Ltd	Equity	₹10.98 Cr	0.37%
L&T Technology Services Ltd	Equity	₹10.74 Cr	0.36%
Oberoi Realty Ltd	Equity	₹10.7 Cr	0.36%
Oil India Ltd	Equity	₹10.54 Cr	0.35%
Piramal Enterprises Ltd	Equity	₹10.4 Cr	0.35%
Samvardhana Motherson International Ltd	Equity	₹10.31 Cr	0.35%
364 DTB 06032025	Bond - Gov't/Treasury	₹9.99 Cr	0.34%
United Spirits Ltd	Equity	₹9.89 Cr	0.33%
Ashok Leyland Ltd	Equity	₹9.85 Cr	0.33%
JSW Steel Ltd	Equity	₹9.69 Cr	0.33%
364 DTB 04092025	Bond - Gov't/Treasury	₹9.68 Cr	0.33%
GMR Airports Ltd	Equity	₹9.61 Cr	0.32%
Torrent Pharmaceuticals Ltd	Equity	₹9.58 Cr	0.32%
Trent Ltd	Equity	₹9.36 Cr	0.32%
Bank of Baroda	Equity	₹9.34 Cr	0.31%
Bajaj Auto Ltd	Equity	₹9.25 Cr	0.31%
Steel Authority Of India Ltd	Equity	₹9.24 Cr	0.31%
National Aluminium Co Ltd	Equity	₹9.06 Cr	0.30%
Bandhan Bank Ltd	Equity	₹9.05 Cr	0.30%
GAIL (India) Ltd	Equity	₹8.76 Cr	0.30%
Bank of India	Equity	₹8.63 Cr	0.29%
Granules India Ltd	Equity	₹8.36 Cr	0.28%
Supreme Industries Ltd	Equity	₹8.28 Cr	0.28%
JK Cement Ltd	Equity	₹8.18 Cr	0.28%
Bharat Forge Ltd	Equity	₹7.98 Cr	0.27%
AU Small Finance Bank Ltd	Equity	₹7.86 Cr	0.26%
One97 Communications Ltd	Equity	₹7.67 Cr	0.26%
Polycab India Ltd	Equity	₹7.54 Cr	0.25%
LIC Housing Finance Ltd	Equity	₹7.3 Cr	0.25%
MRF Ltd	Equity	₹7.27 Cr	0.24%
Glenmark Pharmaceuticals Ltd	Equity	₹6.86 Cr	0.23%
Container Corporation of India Ltd	Equity	₹6.8 Cr	0.23%
Tata Communications Ltd	Equity	₹6.49 Cr	0.22%
Cummins India Ltd	Equity	₹6.44 Cr	0.22%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹5.8 Cr	0.20%
Persistent Systems Ltd	Equity	₹5.3 Cr	0.18%
Tata Chemicals Ltd	Equity	₹5.17 Cr	0.17%
Indian Railway Catering And Tourism Corp Ltd	Equity	₹5.17 Cr	0.17%
Jubilant Foodworks Ltd	Equity	₹5.01 Cr	0.17%
182 DTB 08052025	Bond - Gov't/Treasury	₹4.94 Cr	0.17%
182 DTB 15052025	Bond - Gov't/Treasury	₹4.93 Cr	0.17%
Syngene International Ltd	Equity	₹4.24 Cr	0.14%
PI Industries Ltd	Equity	₹3.77 Cr	0.13%
Cholamandalam Investment and Finance Co Ltd	Equity	₹3.5 Cr	0.12%
IRB Infrastructure Developers Ltd	Equity	₹3.1 Cr	0.10%
Aarti Industries Ltd	Equity	₹2.9 Cr	0.10%
Adani Enterprises Ltd	Equity	₹2.83 Cr	0.10%
Exide Industries Ltd	Equity	₹2.82 Cr	0.09%
Havells India Ltd	Equity	₹2.49 Cr	0.08%
Indian Oil Corp Ltd	Equity	₹2.38 Cr	0.08%
Avenue Supermarts Ltd	Equity	₹1.99 Cr	0.07%
Dabur India Ltd	Equity	₹1.97 Cr	0.07%
Tube Investments of India Ltd Ordinary Shares	Equity	₹1.96 Cr	0.07%
Housing & Urban Development Corp Ltd	Equity	₹1.92 Cr	0.06%
Shriram Finance Ltd	Equity	₹1.9 Cr	0.06%
ITC Ltd	Equity	₹1.9 Cr	0.06%
Escorts Kubota Ltd	Equity	₹1.59 Cr	0.05%
Sona BLW Precision Forgings Ltd	Equity	₹1.45 Cr	0.05%
Bosch Ltd	Equity	₹1.33 Cr	0.04%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹1.14 Cr	0.04%
Birlasoft Ltd	Equity	₹1.02 Cr	0.03%
Indian Hotels Co Ltd	Equity	₹1 Cr	0.03%
Delhivery Ltd	Equity	₹0.8 Cr	0.03%
Max Financial Services Ltd	Equity	₹0.8 Cr	0.03%
FSN E-Commerce Ventures Ltd	Equity	₹0.66 Cr	0.02%
Pidilite Industries Ltd	Equity	₹0.27 Cr	0.01%
HDFC Asset Management Co Ltd	Equity	₹0.16 Cr	0.01%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹600.58 Cr	20.22%
Consumer Cyclical	₹285.87 Cr	9.63%
Basic Materials	₹237.34 Cr	7.99%
Industrials	₹221.77 Cr	7.47%
Healthcare	₹205.78 Cr	6.93%
Technology	₹186.39 Cr	6.28%
Consumer Defensive	₹117.27 Cr	3.95%
Communication Services	₹110.84 Cr	3.73%
Energy	₹108.09 Cr	3.64%
Utilities	₹70.04 Cr	2.36%
Real Estate	₹58.99 Cr	1.99%

Risk & Performance Ratios

Fund Managers

Amit Modani

Since February 2025

Jignesh Rao

Since June 2020

Jigar Shethia

Since June 2020

Additional Scheme Detailsas of 28th February 2025

ISIN

INF769K01FS1

Expense Ratio

0.14%

Exit Load

No Charges

Fund Size

₹2,970 Cr

Age

4 years 9 months

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

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%	₹220.10 Cr	6.9%
Sundaram Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹220.10 Cr	7.6%
Bank of India Arbitrage Fund Direct Growth Low Risk	0.5%	0.0%	₹44.60 Cr	7.4%
Bank of India Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹44.60 Cr	6.7%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹2969.67 Cr	7.9%
Mirae Asset Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹2969.67 Cr	7.0%
Tata Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹12681.66 Cr	7.1%
Tata Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹12681.66 Cr	8.0%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹103.51 Cr	6.6%
Mahindra Manulife Arbitrage Fund Regular Growth Low Risk	1.2%	0.0%	₹103.51 Cr	5.7%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

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

Total AUM

₹1,90,161 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%	₹1799.77 Cr	14.0%
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.5%	1.0%	₹3642.65 Cr	8.2%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹12730.95 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹33677.94 Cr	7.4%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹35532.55 Cr	10.8%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1199.97 Cr	8.1%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹2474.19 Cr	7.9%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹7104.55 Cr	9.5%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹118.15 Cr	8.1%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1869.44 Cr	39.7%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8170.45 Cr	11.0%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹804.67 Cr	7.0%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹89.89 Cr	7.7%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹668.66 Cr	29.7%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹766.69 Cr	8.5%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1588.44 Cr	7.9%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2324.26 Cr	9.9%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1681.43 Cr	17.0%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.5%	1.0%	₹3064.44 Cr	9.8%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹96.97 Cr	9.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22411.17 Cr	10.7%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹71.26 Cr	8.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹41.19 Cr	8.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹102.93 Cr	95.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1312.96 Cr	10.4%
Mirae Asset Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹47.92 Cr	8.4%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹327.87 Cr	14.9%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹53.67 Cr	-0.5%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1049.26 Cr	6.7%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹341.97 Cr	8.9%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹240.52 Cr	10.1%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹94.16 Cr	7.8%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2441.13 Cr	19.9%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹2969.67 Cr	7.9%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹13830.67 Cr	6.4%
Mirae Asset Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	1.0%	₹1695.72 Cr	10.4%

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 Mirae Asset Arbitrage Fund Direct Growth?

The NAV of Mirae Asset Arbitrage Fund Direct Growth, as of 27-Mar-2025, is ₹13.26.

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

The fund has generated 7.88% over the last 1 year and 7.27% 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 74.18% in equities, 1.00% in bonds, and 24.79% 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:-

Amit Modani
Jignesh Rao
Jigar Shethia

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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Fund Overview

Fund Size

₹2,970 Cr

Expense Ratio

0.14%

ISIN

INF769K01FS1

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

19 Jun 2020

Risk Level

Your principal amount will be at Low Risk