MIRAE ASSET
ARBITRAGE FUND - (MAAF)
(Arbitrage Fund - An open ended scheme investing in arbitrage opportunities)
| Type of Scheme | Arbitrage Fund - An open ended scheme investing in arbitrage opportunities |
| Investment 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. There is no assurance or guarantee that the investment objective of the scheme will be realized. |
Fund Manager** |
Mr. Jignesh Rao (Equity portion) (since June 19, 2020), Mr. Jigar Sethia (Equity portion) (since June 19, 2020) & Mr. Mahendra Jajoo (Debt portion) (since June 19, 2020) |
| Allotment Date | 19 June, 2020 |
| Benchmark Index | NIFTY 50 Arbitrage Index |
| Minimum Investment Amount |
₹ 5,000/- and inmultiples of ₹ 1/- thereafter Minimum Additional Application Amount: ₹ 1,000/- per application and inmultiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: ₹ 1,000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. |
| Load Structure | Entry load: NA Exit Load: 0.25% if redeemed or switched out within 30 days from the date of allotment Nil after 30 days |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and IDCW^ Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on December 31, 2021 | 442.37 |
| Net AUM (₹ Cr.) |
435.23 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on December 31, 2021 |
Regular Plan: 1.09% Direct Plan: 0.37% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 10.638 | ₹ 10.527 |
| IDCW | ₹ 10.636 | ₹ 10.526 |
Weighted Average Maturity |
1.16 Years |
Modified Duration |
1.09 Years |
Macaulay Duration |
1.13 Years |
Yield to Maturity |
4.40% |
| New Position Bought |
| Stock |
| Telecom - Services |
| Bharti Airtel Limited |
| Pharmaceuticals |
| Sun Pharmaceutical Industries Limited |
| Strides Pharma Science Limited |
| Dr. Reddy's Laboratories Limited |
| Pesticides |
| UPL Limited |
| Non - Ferrous Metals |
| Hindustan Copper Limited |
| Vedanta Limited |
| National Aluminium Company Limited |
| Leisure Services |
| Delta Corp Limited |
| Industrial Capital Goods |
| Siemens Limited |
| Finance |
| IDFC Limited |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Consumer Non Durables |
| Asian Paints Limited |
| Construction |
| DLF Limited |
| Cement & Cement Products |
| The India Cements Limited |
| Banks |
| City Union Bank Limited |
| IndusInd Bank Limited |
| Auto |
| Bajaj Auto Limited |
| Positions Exited |
| Stock |
| Banks |
| AU Small Finance Bank Limited |
| HDFC Bank Limited |
| Kotak Mahindra Bank Limited |
| Consumer Non Durables |
| United Spirits Limited |
| Nestle India Limited |
| Colgate Palmolive (India) Limited |
| Dabur India Limited |
| Transportation |
| Container Corporation of India Limited |
| Auto Ancillaries |
| Balkrishna Industries Limited |
| Pharmaceuticals |
| Aurobindo Pharma Limited |
| Biocon Limited |
| Auto |
| Ashok Leyland Limited |
| Finance |
| Cholamandalam Investment and Finance Company Limited |
| Chemicals |
| Tata Chemicals Limited |
| Ferrous Metals |
| JSW Steel Limited |
| Positions Increased |
| Stock |
| Entertainment |
| Zee Entertainment Enterprises Limited |
| Sun TV Network Limited |
| Consumer Durables |
| Titan Company Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Capital Markets |
| Multi Commodity Exchange of India Limited |
| Software |
| Infosys Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Banks |
| ICICI Bank Limited |
| State Bank of India |
| Finance |
| Housing Development Finance Corporation Limited |
| Positions Decreased |
| Stock |
| Software |
| MindTree Limited |
| Tata Consultancy Services Limited |
| Wipro Limited |
| Insurance |
| SBI Life Insurance Company Limited |
| ICICI Prudential Life Insurance Company Limited |
| Power |
| Tata Power Company Limited |
| Banks |
| The Federal Bank Limited |
| Axis Bank Limited |
| Pharmaceuticals |
| Alkem Laboratories Limited |
| Consumer Non Durables |
| Britannia Industries Limited |
| ITC Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| Mahindra & Mahindra Financial Services Limited |
| Cement & Cement Products |
| UltraTech Cement Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| ICICI Bank Ltd | 4.44% | |
| Axis Bank Ltd | 2.97% | |
| State Bank of India | 2.87% | |
| IndusInd Bank Ltd | 1.01% | |
| The Federal Bank Ltd | 0.93% | |
| City Union Bank Ltd | 0.75% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 3.49% | |
| IDFC Ltd | 3.23% | |
| SBI Cards and Payment Services Ltd | 0.50% | |
| Mahindra & Mahindra Financial Services Ltd | 0.48% | |
| Consumer Non Durables | ||
| Asian Paints Ltd | 2.26% | |
| Godrej Consumer Products Ltd | 1.66% | |
| Britannia Industries Ltd | 1.33% | |
| ITC Ltd | 0.16% | |
| Auto | ||
| Bajaj Auto Ltd | 2.33% | |
| Tata Motors Ltd | 2.27% | |
| Escorts Ltd | 0.68% | |
| Consumer Durables | ||
| Titan Company Ltd | 5.15% | |
| Entertainment | ||
| Sun TV Network Ltd | 3.38% | |
| Zee Entertainment Enterprises Ltd | 1.42% | |
| Software | ||
| Infosys Ltd | 2.39% | |
| MindTree Ltd | 1.47% | |
| Tata Consultancy Services Ltd | 0.86% | |
| Wipro Ltd | 0.01% | |
| Pharmaceuticals | ||
| Sun Pharmaceutical Industries Ltd | 2.12% | |
| Strides Pharma Science Ltd | 1.75% | |
| Dr. Reddy's Laboratories Ltd | 0.23% | |
| Alkem Laboratories Ltd | 0.05% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Ltd | 3.63% | |
| Petroleum Products | ||
| Reliance Industries Ltd* | 3.14% | |
| Insurance | ||
| SBI Life Insurance Company Ltd | 2.25% | |
| ICICI Prudential Life Insurance Company Ltd | 0.54% | |
| Cement & Cement Products | ||
| UltraTech Cement Ltd | 2.53% | |
| The India Cements Ltd | 0.01% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 2.36% | |
| Power | ||
| Tata Power Company Ltd | 2.19% | |
| Non - Ferrous Metals | ||
| National Aluminium Company Ltd | 1.38% | |
| Vedanta Ltd | 0.15% | |
| Hindustan Copper Ltd | 0.10% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 1.33% | |
| Jindal Steel & Power Ltd | 0.09% | |
| Capital Markets | ||
| Multi Commodity Exchange of India Ltd | 1.41% | |
| Leisure Services | ||
| Delta Corp Ltd | 1.15% | |
| Industrial Capital Goods | ||
| Siemens Ltd | 0.72% | |
| Pesticides | ||
| UPL Ltd | 0.67% | |
| Construction | ||
| DLF Ltd | 0.01% | |
| Equity Holding Total | 73.87% | |
| Equity Futures | ||
| The India Cements Ltd January 2022 Future | -0.01% | |
| Wipro Ltd January 2022 Future | -0.01% | |
| DLF Ltd January 2022 Future | -0.01% | |
| Alkem Laboratories Ltd January 2022 Future | -0.05% | |
| Jindal Steel & Power Ltd January 2022 Future | -0.09% | |
| Hindustan Copper Ltd January 2022 Future | -0.10% | |
| Vedanta Ltd January 2022 Future | -0.15% | |
| ITC Ltd January 2022 Future | -0.16% | |
| Dr. Reddy's Laboratories Ltd January 2022 Future | -0.23% | |
| Mahindra & Mahindra Financial Services Ltd January 2022 Future | -0.48% | |
| SBI Cards and Payment Services Ltd January 2022 Future | -0.50% | |
| ICICI Prudential Life Insurance Company Ltd January 2022 Future | -0.54% | |
| UPL Ltd January 2022 Future | -0.67% | |
| Escorts Ltd January 2022 Future | -0.68% | |
| Siemens Ltd January 2022 Future | -0.72% | |
| City Union Bank Ltd January 2022 Future | -0.75% | |
| Tata Consultancy Services Ltd January 2022 Future | -0.86% | |
| The Federal Bank Ltd January 2022 Future | -0.94% | |
| IndusInd Bank Ltd January 2022 Future | -1.01% | |
| Delta Corp Ltd January 2022 Future | -1.15% | |
| Britannia Industries Ltd January 2022 Future | -1.33% | |
| Tata Steel Ltd January 2022 Future | -1.34% | |
| National Aluminium Company Ltd January 2022 Future | -1.39% | |
| Multi Commodity Exchange of India Ltd January 2022 Future | -1.42% | |
| Zee Entertainment Enterprises Ltd January 2022 Future | -1.42% | |
| MindTree Ltd January 2022 Future | -1.48% | |
| Godrej Consumer Products Ltd January 2022 Future | -1.67% | |
| Strides Pharma Science Ltd January 2022 Future | -1.76% | |
| Sun Pharmaceutical Industries Ltd January 2022 Future | -2.13% | |
| Tata Power Company Ltd January 2022 Future | -2.21% | |
| SBI Life Insurance Company Ltd January 2022 Future | -2.25% | |
| Asian Paints Ltd January 2022 Future | -2.27% | |
| Tata Motors Ltd January 2022 Future | -2.29% | |
| Bajaj Auto Ltd January 2022 Future | -2.34% | |
| Bharti Airtel Ltd January 2022 Future | -2.37% | |
| Infosys Ltd January 2022 Future | -2.41% | |
| UltraTech Cement Ltd January 2022 Future | -2.54% | |
| State Bank of India January 2022 Future | -2.88% | |
| Axis Bank Ltd January 2022 Future | -2.98% | |
| Reliance Industries Ltd* | -3.16% | |
| IDFC Ltd January 2022 Future | -3.25% | |
| Sun TV Network Ltd January 2022 Future | -3.39% | |
| Housing Development Finance Corporation Ltd January 2022 Future | -3.50% | |
| Adani Ports and Special Economic Zone Ltd January 2022 Future | -3.65% | |
| ICICI Bank Ltd January 2022 Future | -4.47% | |
| Titan Company Ltd January 2022 Future | -5.17% | |
| Equity Futures Total | -74.20% | |
| Government Bond | ||
| 6.84% GOI (19/12/2022) | 7.05% | |
| 6.18% GOI (04/11/2024) | 3.53% | |
| 3.96% GOI (09/11/2022) | 3.44% | |
| Government Bond Total | 14.01% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 3.36% | |
| 364 Days Tbill (04/08/2022) | 1.12% | |
| 364 Days Tbill (11/08/2022) | 1.12% | |
| 364 Days Tbill (25/08/2022) | 1.12% | |
| Treasury Bill Total | 6.73% | |
| Cash & Other Receivables Total | 79.60% | |
| Total | 100.00% | |
*Includes "Partly Paid Shares"
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAAF | 3.49 |
3.40 |
||
| Scheme Benchmark* | 4.16 |
3.42 |
||
| Additional Benchmark** | 3.49 |
3.57 |
||
| NAV as on 31st December, 2021 | 10.527 | |||
| Index Value (31st December, 2021) | Index Value of Scheme benchmark is 2,004.26 and CRISIL 1 Year T-Bill is 6,261.63 |
|||
| Allotment Date | 19th June, 2020 | |||
| Scheme Benchmark | *Nifty 50 Arbitrage Index | |||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Saving Plan - Growth Option.
2. Fund manager : Mr. Jignesh Rao (since June 19, 2020), Mr. Jigar Sethia (since June 19, 2020) and Mr. Mahendra Jajoo (Debt Portion) (since June 19, 2020)
| Period | Total Amount Invested | Mkt Value as on 31-December-2021 |
SI |
180,000 |
184,955 |
1 Yr |
120,000 |
122,207 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
3.48 |
3.43 |
Benchmark Return& (%) |
3.91 |
3.91 |
Add. Benchmark Return& (%) |
3.47 |
3.38 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
This product is suitable for investors who are seeking*
• Income over short term
• Investments predominantly in arbitrage opportunities in the cash and derivative segments and the arbitrage opportunities available within the derivative segment
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes and on 