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 | 19th 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 April 29, 2022 | 390.42 |
| Net AUM (₹ Cr.) |
395.26 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on April 29, 2022 |
Regular Plan: 1.10% Direct Plan: 0.39% |
| **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 | ₹ 10.799 | ₹ 10.662 |
| IDCW | ₹ 10.796 | ₹ 10.661 |
| Portfolio Turnover Ratio | 16.61 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 29th April, 2022. ^Basis last rolling 12 months. |
|
Weighted Average Maturity |
0.86 Years |
Modified Duration |
0.79 Years |
Macaulay Duration |
0.82 Years |
Yield to Maturity |
4.64% |
| Positions Increased |
| Stock |
| Aerospace & Defense |
| Hindustan Aeronautics Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Tata Motors Limited |
| Banks |
| HDFC Bank Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Chemicals & Petrochemicals |
| Pidilite Industries Limited |
| Consumer Durables |
| Titan Company Limited |
| Entertainment |
| PVR Limited |
| Finance |
| Muthoot Finance Limited |
| Shriram Transport Finance Company Limited |
| Food Products |
| Britannia Industries Limited |
| IT - Software |
| Tech Mahindra Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Personal Products |
| Colgate Palmolive (India) Limited |
| Positions Decreased |
| Stock |
| Finance |
| Housing Development Finance Corporation Limited |
| IDFC Limited |
| Bajaj Finance Limited |
| Non - Ferrous Metals |
| Vedanta Limited |
| Consumer Non Durables |
| ITC Limited |
| Healthcare Services |
| Metropolis Healthcare Limited |
| Apollo Hospitals Enterprise Limited |
| Pharmaceuticals |
| Sun Pharmaceutical Industries Limited |
| Divi's Laboratories Limited |
| Laurus Labs Limited |
| Software |
| Larsen & Toubro Infotech Limited |
| Firstsource Solutions Limited |
| Auto Ancillaries |
| Balkrishna Industries Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 5.01% | |
| Bandhan Bank Ltd | 3.44% | |
| ICICI Bank Ltd | 3.26% | |
| Kotak Mahindra Bank Ltd | 2.17% | |
| Axis Bank Ltd | 1.55% | |
| City Union Bank Ltd | 1.17% | |
| Entertainment | ||
| Sun TV Network Ltd | 3.59% | |
| Zee Entertainment Enterprises Ltd | 1.22% | |
| PVR Ltd | 0.11% | |
| Transport Infrastructure | ||
| Adani Ports and Special Economic Zone Ltd | 4.69% | |
| Automobiles | ||
| Maruti Suzuki India Ltd | 2.48% | |
| Hero MotoCorp Ltd | 1.24% | |
| Tata Motors Ltd | 0.50% | |
| IT - Software | ||
| Infosys Ltd | 1.55% | |
| Wipro Ltd | 0.76% | |
| MindTree Ltd | 0.49% | |
| Coforge Ltd | 0.44% | |
| Intellect Design Arena Ltd | 0.35% | |
| HCL Technologies Ltd | 0.27% | |
| Tech Mahindra Ltd | 0.23% | |
| Chemicals & Petrochemicals | ||
| Pidilite Industries Ltd | 2.18% | |
| SRF Ltd | 1.00% | |
| Deepak Nitrite Ltd | 0.47% | |
| Rain Industries Ltd | 0.28% | |
| Tata Chemicals Ltd | 0.10% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 2.58% | |
| Tata Communications Ltd | 0.92% | |
| Consumer Durables | ||
| Titan Company Ltd | 2.92% | |
| Whirlpool of India Ltd | 0.51% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 2.61% | |
| Hindustan Aeronautics Ltd | 0.21% | |
| Finance | ||
| Muthoot Finance Ltd | 1.17% | |
| Shriram Transport Finance Company Ltd | 0.79% | |
| Power Finance Corporation Ltd | 0.68% | |
| Diversified FMCG | ||
| Hindustan Unilever Ltd | 2.56% | |
| Leisure Services | ||
| Delta Corp Ltd | 1.46% | |
| The Indian Hotels Company Ltd | 0.89% | |
| Insurance | ||
| Aditya Birla Capital Ltd | 1.08% | |
| HDFC Life Insurance Company Ltd | 0.62% | |
| Realty | ||
| Oberoi Realty Ltd | 1.50% | |
| DLF Ltd | 0.12% | |
| Retailing | ||
| Trent Ltd | 1.46% | |
| Pharmaceuticals & Biotechnology | ||
| Biocon Ltd | 0.73% | |
| Zydus Lifesciences Ltd | 0.41% | |
| Abbott India Ltd | 0.22% | |
| Cement & Cement Products | ||
| Ambuja Cements Ltd | 0.96% | |
| Dalmia Bharat Ltd | 0.36% | |
| Capital Markets | ||
| Multi Commodity Exchange of India Ltd | 1.17% | |
| Personal Products | ||
| Colgate Palmolive (India) Ltd | 0.53% | |
| Dabur India Ltd | 0.33% | |
| Food Products | ||
| Britannia Industries Ltd | 0.53% | |
| Nestle India Ltd | 0.19% | |
| Construction | ||
| Larsen & Toubro Ltd | 0.67% | |
| Electrical Equipment | ||
| Siemens Ltd | 0.62% | |
| IT - Services | ||
| L&T Technology Services Ltd | 0.60% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 0.58% | |
| Fertilizers & Agrochemicals | ||
| UPL Ltd | 0.35% | |
| Non - Ferrous Metals | ||
| Hindustan Copper Ltd | 0.11% | |
| Hindalco Industries Ltd | 0.07% | |
| Beverages | ||
| United Breweries Ltd | 0.15% | |
| Equity Holding Total | 69.17% | |
| Equity Futures | ||
| Hindalco Industries Ltd May 2022 Future | -0.07% | |
| Tata Chemicals Ltd May 2022 Future | -0.10% | |
| Hindustan Copper Ltd May 2022 Future | -0.11% | |
| PVR Ltd May 2022 Future | -0.11% | |
| DLF Ltd May 2022 Future | -0.12% | |
| United Breweries Ltd May 2022 Future | -0.15% | |
| Nestle India Ltd May 2022 Future | -0.19% | |
| Hindustan Aeronautics Ltd May 2022 Future | -0.21% | |
| Abbott India Ltd May 2022 Future | -0.22% | |
| Tech Mahindra Ltd May 2022 Future | -0.23% | |
| HCL Technologies Ltd May 2022 Future | -0.27% | |
| Rain Industries Ltd May 2022 Future | -0.28% | |
| Dabur India Ltd May 2022 Future | -0.34% | |
| Intellect Design Arena Ltd May 2022 Future | -0.35% | |
| UPL Ltd May 2022 Future | -0.35% | |
| Dalmia Bharat Ltd May 2022 Future | -0.36% | |
| Zydus Lifesciences Ltd May 2022 Future | -0.41% | |
| Hero MotoCorp Ltd June 2022 Future | -0.42% | |
| Coforge Ltd May 2022 Future | -0.43% | |
| Deepak Nitrite Ltd May 2022 Future | -0.47% | |
| MindTree Ltd May 2022 Future | -0.49% | |
| Tata Motors Ltd May 2022 Future | -0.51% | |
| Whirlpool of India Ltd May 2022 Future | -0.51% | |
| Colgate Palmolive (India) Ltd May 2022 Future | -0.52% | |
| Britannia Industries Ltd May 2022 Future | -0.53% | |
| Reliance Industries Ltd May 2022 Future | -0.58% | |
| HDFC Bank Ltd June 2022 Future | -0.59% | |
| L&T Technology Services Ltd May 2022 Future | -0.60% | |
| HDFC Life Insurance Company Ltd May 2022 Future | -0.62% | |
| Siemens Ltd May 2022 Future | -0.62% | |
| Larsen & Toubro Ltd May 2022 Future | -0.67% | |
| Power Finance Corporation Ltd May 2022 Future | -0.68% | |
| Biocon Ltd May 2022 Future | -0.73% | |
| Wipro Ltd May 2022 Future | -0.76% | |
| Shriram Transport Finance Company Ltd May 2022 Future | -0.79% | |
| Hero MotoCorp Ltd May 2022 Future | -0.82% | |
| The Indian Hotels Company Ltd May 2022 Future | -0.89% | |
| Tata Communications Ltd May 2022 Future | -0.92% | |
| Ambuja Cements Ltd May 2022 Future | -0.97% | |
| SRF Ltd May 2022 Future | -1.00% | |
| Aditya Birla Capital Ltd May 2022 Future | -1.08% | |
| Multi Commodity Exchange of India Ltd May 2022 Future | -1.17% | |
| City Union Bank Ltd May 2022 Future | -1.17% | |
| Muthoot Finance Ltd May 2022 Future | -1.18% | |
| Zee Entertainment Enterprises Ltd May 2022 Future | -1.23% | |
| Delta Corp Ltd May 2022 Future | -1.46% | |
| Trent Ltd May 2022 Future | -1.47% | |
| Oberoi Realty Ltd May 2022 Future | -1.50% | |
| Infosys Ltd May 2022 Future | -1.55% | |
| Axis Bank Ltd May 2022 Future | -1.55% | |
| Kotak Mahindra Bank Ltd May 2022 Future | -2.18% | |
| Pidilite Industries Ltd May 2022 Future | -2.19% | |
| Maruti Suzuki India Ltd May 2022 Future | -2.49% | |
| Hindustan Unilever Ltd May 2022 Future | -2.57% | |
| Bharti Airtel Ltd May 2022 Future | -2.58% | |
| Bharat Electronics Ltd May 2022 Future | -2.62% | |
| Titan Company Ltd May 2022 Future | -2.93% | |
| ICICI Bank Ltd May 2022 Future | -3.27% | |
| Bandhan Bank Ltd May 2022 Future | -3.46% | |
| Sun TV Network Ltd May 2022 Future | -3.60% | |
| HDFC Bank Ltd May 2022 Future | -4.38% | |
| Adani Ports and Special Economic Zone Ltd May 2022 Future | -4.71% | |
| Equity Futures Total | -69.35% | |
| Government Bond | ||
| 6.84% GOI (19/12/2022) | 7.70% | |
| 6.18% GOI (04/11/2024) | 3.83% | |
| 3.96% GOI (09/11/2022) | 3.78% | |
| Government Bond Total | 15.31% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 2.50% | |
| 364 Days Tbill (04/08/2022) | 1.25% | |
| 364 Days Tbill (11/08/2022) | 1.25% | |
| 364 Days Tbill (25/08/2022) | 1.25% | |
| Treasury Bill Total | 6.25% | |
| Cash & Other Receivables Total | 78.62% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAAF | 3.63% |
3.51% |
||
| Scheme Benchmark* | 3.89% |
3.50% |
||
| Additional Benchmark** | 3.63% |
3.68% |
||
| NAV as on 29th April, 2022 | 10.662 | |||
| Index Value (29th April, 2022) | Index Value of Scheme benchmark is 2,029.22 and CRISIL 1 Year T-Bill is 6,346.28 | |||
| Allotment Date | 19th June, 2020 | |||
| Scheme Benchmark | *Nifty 50 Arbitrage Index | |||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||
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)
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
| Period | Total Amount Invested | Mkt Value as on 29-April-2022 |
SI |
220,000 |
227,632 |
1 Yr |
120,000 |
122,278 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
3.64 |
3.59 |
Benchmark Return& (%) |
3.88 |
3.68 |
Add. Benchmark Return& (%) |
3.71 |
3.75 |
& 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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option