Mirae Asset Arbitrage Fund - Growth - Direct Plan

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  • Net Change on 25-09-2020

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  • Assets (Cr.)

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Fund Overview Growth | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

Fund Objective

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Nifty 50 Arbitrage Index 0.48 0.56 3.25 4.71 N/A 4.70

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
Kotak Equity Arbitrage Fund - Growth - Direct Jan 01, 2013 5.43 6.29 6.50 0.45 14,999.72
ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth Jan 07, 2013 5.31 6.25 6.52 0.45 9,769.42
Nippon India Arbitrage Fund - Direct Plan Growth Plan - Growth Option Jan 01, 2013 5.59 6.61 6.68 0.35 7,384.14
IDFC Arbitrage Fund-Direct Plan- Growth Jan 01, 2013 5.09 6.35 6.46 0.32 7,341.16
HDFC Arbitrage Fund -Direct Plan - Growth Option Dec 31, 2012 4.83 5.79 6.17 0.41 5,438

Fund Holdings as on 31-August-2020

  • Net Receivables / (Payables)

  • 4.75% HDFC Bank Limited (29/06/2021)

  • Tri Party Repo

  • 5% The Federal Bank Limited (29/06/2021)

  • Bharti Airtel Limited

  • Reliance Industries Limited

  • Infosys Limited

  • ICICI Bank Limited

  • State Bank of India

  • Sun Pharmaceutical Industries Limited

  • Colgate Palmolive (India) Limited

  • Housing Development Finance Corporation Limited

  • Tata Chemicals Limited

  • Lupin Limited

  • Adani Ports and Special Economic Zone Limited

  • Pidilite Industries Limited

  • Grasim Industries Limited

  • Sun TV Network Limited

  • Dabur India Limited

  • Hindustan Petroleum Corporation Limited

  • Indian Oil Corporation Limited

  • SBI Life Insurance Company Limited

  • Aurobindo Pharma Limited

  • Divi's Laboratories Limited

  • Tata Steel Limited

  • Tata Consultancy Services Limited

  • IndusInd Bank Limited

  • National Aluminium Company Limited

  • SRF Limited

  • Axis Bank Limited

  • Ambuja Cements Limited

  • Power Finance Corporation Limited

  • Tata Consumer Products Limited

  • ITC Limited

  • Biocon Limited

  • The Federal Bank Limited

  • HDFC Life Insurance Company Limited

  • Petronet LNG Limited

  • NTPC Limited

  • Bharat Petroleum Corporation Limited

  • Godrej Consumer Products Limited

  • Hindustan Unilever Limited

  • Ashok Leyland Limited

  • Ashok Leyland Limited

  • Hindustan Unilever Limited

  • Godrej Consumer Products Limited

  • Bharat Petroleum Corporation Limited

  • NTPC Limited

  • Petronet LNG Limited

  • HDFC Life Insurance Company Limited

  • The Federal Bank Limited

  • Biocon Limited

  • ITC Limited

  • Tata Consumer Products Limited

  • Power Finance Corporation Limited

  • Ambuja Cements Limited

  • Axis Bank Limited

  • SRF Limited

  • National Aluminium Company Limited

  • IndusInd Bank Limited

  • Tata Consultancy Services Limited

  • Tata Steel Limited

  • Divi's Laboratories Limited

  • Aurobindo Pharma Limited

  • SBI Life Insurance Company Limited

  • Indian Oil Corporation Limited

  • Hindustan Petroleum Corporation Limited

  • Dabur India Limited

  • Sun TV Network Limited

  • Grasim Industries Limited

  • Pidilite Industries Limited

  • Adani Ports and Special Economic Zone Limited

  • Lupin Limited

  • Tata Chemicals Limited

  • Colgate Palmolive (India) Limited

  • Housing Development Finance Corporation Limited

  • Sun Pharmaceutical Industries Limited

  • State Bank of India

  • ICICI Bank Limited

  • Infosys Limited

  • Reliance Industries Limited

  • Bharti Airtel Limited

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  • Miscellaneous

  • Pharmaceuticals & Drugs

  • Refineries

  • Bank - Private

  • Telecommunication - Service Provider

  • Household & Personal Products

  • Chemicals

  • IT - Software

  • Diversified

  • Bank - Public

  • Finance - Housing

  • Port

  • Insurance

  • TV Broadcasting & Software Production

  • Steel & Iron Products

  • Aluminium & Aluminium Products

  • Cement & Construction Materials

  • Finance Term Lending

  • Tea/Coffee

  • Cigarettes/Tobacco

  • Industrial Gases & Fuels

  • Power Generation/Distribution

  • Automobiles-Trucks/Lcv

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Fund Manager

  • Education:B.SC., PGDBA
  • Experience:10
  • Basic Details:Mr. Jignesh N Rao has more than 15 years of experience in the field of Equity dealing. Prior to this assignment, Mr. Rao was associated with Motilal Oswal Asset Management Company Ltd. as Dealer - Equity.
  • Funds Managed:
  • Mirae Asset Arbitrage Fund
  • Education:B.Com & CFA Level 3
  • Experience:14
  • Basic Details:Mr. Jigar Bharat Shethia has more than 14 years of experience in the field of Equity dealing. Prior to this assignment, Mr. Shethia was associated with Sushil Financial Services Pvt Ltd as Assistant Manager - Equity.
  • Funds Managed:
  • Mirae Asset Arbitrage Fund
  • Cash

  • Deposits

  • Derivatives

  • Equity

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About Mirae Asset Arbitrage Fund

Scheme Analysis

Mirae Asset Arbitrage Fund is a Hybrid - Arbitrage Fund fund and belongs to Mirae Asset Mutual Fund. It was launched on 19-Jun-2020 and currently has an AUM of ₹237.24 crore. Mirae Asset Arbitrage Fund is benchmarked against Nifty 50 Arbitrage Index as primary index.

The NAV of Mirae Asset Arbitrage Fund ended up ₹0.01(0.09%)yesterday to ₹10.106.

Among its top 3 holdings the fund has exposure to Net Receivables / (Payables), and

The Mirae Asset Arbitrage Fund is managed by Mahendra Kumar Jajoo and Jignesh Rao.

Fund House Contact

Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098

022-67800300
022-67253942