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 January 31, 2022 | 424.17 |
| Net AUM (₹ Cr.) |
412.04 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on January 31, 2022 |
Regular Plan: 1.08% Direct Plan: 0.35% |
| **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 | ₹ 10.681 | ₹ 10.563 |
| IDCW | ₹ 10.678 | ₹ 10.562 |
| Portfolio Turnover Ratio^ | 16.32 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 31st January, 2022. ^Basis last rolling 12 months. |
|
Weighted Average Maturity |
1.10 Years |
Modified Duration |
1.03 Years |
Macaulay Duration |
1.08 Years |
Yield to Maturity |
4.52% |
| New Position Bought |
| Stock |
| Banks |
| Bandhan Bank Limited |
| HDFC Bank Limited |
| Kotak Mahindra Bank Limited |
| Chemicals |
| Rain Industries Limited |
| Construction Project |
| Larsen & Toubro Limited |
| Consumer Durables |
| Havells India Limited |
| Finance |
| L&T Finance Holdings Limited |
| Gas |
| Indraprastha Gas Limited |
| Healthcare Services |
| Apollo Hospitals Enterprise Limited |
| Pharmaceuticals |
| Cadila Healthcare Limited |
| Divi's Laboratories Limited |
| Retailing |
| Trent Limited |
| Software |
| HCL Technologies Limited |
| Tech Mahindra Limited |
| Telecom - Services |
| Tata Communications Limited |
| Positions Exited |
| Stock |
| Auto |
| Bajaj Auto Limited |
| Escorts Limited |
| Tata Motors Limited |
| Banks |
| IndusInd Bank Limited |
| State Bank of India |
| Consumer Non Durables |
| Godrej Consumer Products Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Mahindra & Mahindra Financial Services Limited |
| SBI Cards and Payment Services Limited |
| Insurance |
| ICICI Prudential Life Insurance Company Limited |
| SBI Life Insurance Company Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Strides Pharma Science Limited |
| Software |
| Infosys Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 3.37% | |
| Bandhan Bank Limited | 2.54% | |
| ICICI Bank Ltd | 2.34% | |
| Kotak Mahindra Bank Ltd | 1.66% | |
| City Union Bank Limited | 1.64% | |
| Axis Bank Ltd | 1.13% | |
| The Federal Bank Limited | 1.00% | |
| Finance | ||
| IDFC Limited | 3.50% | |
| Housing Development Finance Corporation Ltd | 3.01% | |
| L&T Finance Holdings Limited | 2.37% | |
| Software | ||
| Tech Mahindra Limited | 3.32% | |
| HCL Technologies Limited | 1.23% | |
| MindTree Limited | 1.03% | |
| Tata Consultancy Services Ltd | 0.03% | |
| Entertainment | ||
| Sun TV Network Limited | 3.55% | |
| Zee Entertainment Enterprises Ltd | 1.35% | |
| Consumer Durables | ||
| Titan Company Ltd | 3.52% | |
| Havells India Ltd | 0.40% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Limited | 3.76% | |
| Cement & Cement Products | ||
| UltraTech Cement Limited | 3.54% | |
| The India Cements Limited | 0.03% | |
| Pharmaceuticals | ||
| Sun Pharmaceutical Industries Ltd | 1.42% | |
| Cadila Healthcare Limited | 1.10% | |
| Divi's Laboratories Ltd | 0.83% | |
| Petroleum Products | ||
| Reliance Industries Ltd* | 3.34% | |
| Consumer Non Durables | ||
| Asian Paints Ltd | 2.43% | |
| Britannia Industries Ltd | 0.34% | |
| ITC Ltd | 0.17% | |
| Power | ||
| Tata Power Company Limited | 2.58% | |
| Telecom - Services | ||
| Tata Communications Limited | 2.55% | |
| Healthcare Services | ||
| Apollo Hospitals Enterprise Limited | 2.45% | |
| Retailing | ||
| Trent Limited | 1.92% | |
| Non - Ferrous Metals | ||
| Vedanta Limited | 0.70% | |
| National Aluminium Company Limited | 0.56% | |
| Hindustan Copper Limited | 0.39% | |
| Pesticides | ||
| UPL Limited | 1.45% | |
| Leisure Services | ||
| Delta Corp Limited | 1.33% | |
| Gas | ||
| Indraprastha Gas Limited | 1.13% | |
| Capital Markets | ||
| Multi Commodity Exchange of India Limited | 0.84% | |
| Industrial Capital Goods | ||
| Siemens Limited | 0.74% | |
| Chemicals | ||
| Rain Industries Limited | 0.57% | |
| Construction Project | ||
| Larsen & Toubro Ltd | 0.03% | |
| Equity Holding Total | 71.19% | |
| Equity Futures | ||
| Larsen & Toubro Ltd February 2022 Future | -0.03% | |
| Tata Consultancy Services Ltd February 2022 Future | -0.03% | |
| The India Cements Ltd February 2022 Future | -0.03% | |
| ITC Ltd March 2022 Future | -0.17% | |
| Britannia Industries Ltd February 2022 Future | -0.34% | |
| Hindustan Copper Ltd February 2022 Future | -0.39% | |
| Havells India Ltd February 2022 Future | -0.40% | |
| National Aluminium Company Ltd March 2022 Future | -0.56% | |
| Rain Industries Ltd February 2022 Future | -0.58% | |
| Vedanta Ltd February 2022 Future | -0.70% | |
| Siemens Ltd February 2022 Future | -0.75% | |
| Divi's Laboratories Ltd February 2022 Future | -0.84% | |
| Multi Commodity Exchange of India Ltd February 2022 Future | -0.84% | |
| The Federal Bank Ltd February 2022 Future | -1.00% | |
| MindTree Ltd February 2022 Future | -1.03% | |
| Cadila Healthcare Ltd February 2022 Future | -1.10% | |
| Axis Bank Ltd February 2022 Future | -1.13% | |
| Indraprastha Gas Ltd February 2022 Future | -1.13% | |
| HCL Technologies Ltd February 2022 Future | -1.24% | |
| Delta Corp Ltd February 2022 Future | -1.34% | |
| Zee Entertainment Enterprises Ltd February 2022 Future | -1.36% | |
| Sun Pharmaceutical Industries Ltd February 2022 Future | -1.41% | |
| UPL Ltd February 2022 Future | -1.45% | |
| City Union Bank Ltd February 2022 Future | -1.64% | |
| Kotak Mahindra Bank Ltd February 2022 Future | -1.67% | |
| Trent Ltd February 2022 Future | -1.93% | |
| ICICI Bank Ltd February 2022 Future | -2.35% | |
| L&T Finance Holdings Ltd February 2022 Future | -2.37% | |
| Asian Paints Ltd February 2022 Future | -2.44% | |
| Apollo Hospitals Enterprise Ltd February 2022 Future | -2.45% | |
| Bandhan Bank Ltd February 2022 Future | -2.55% | |
| Tata Communications Ltd February 2022 Future | -2.56% | |
| Tata Power Company Ltd February 2022 Future | -2.59% | |
| HDFC Ltd February 2022 Future | -3.02% | |
| Tech Mahindra Ltd February 2022 Future | -3.32% | |
| Reliance Industries Ltd* | -3.35% | |
| HDFC Bank Ltd February 2022 Future | -3.38% | |
| IDFC Ltd February 2022 Future | -3.52% | |
| Titan Company Ltd February 2022 Future | -3.53% | |
| Sun TV Network Ltd February 2022 Future | -3.54% | |
| UltraTech Cement Ltd February 2022 Future | -3.55% | |
| Adani Ports and Special Economic Zone Ltd February 2022 Future | -3.78% | |
| Equity Futures Total | -71.39% | |
| Government Bond | ||
| 6.84% GOI (19/12/2022) | 7.43% | |
| 6.18% GOI (04/11/2024) | 3.72% | |
| 3.96% GOI (09/11/2022) | 3.63% | |
| Government Bond Total | 14.78% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 2.37% | |
| 364 Days Tbill (04/08/2022) | 1.19% | |
| 364 Days Tbill (11/08/2022) | 1.19% | |
| 364 Days Tbill (25/08/2022) | 1.19% | |
| Treasury Bill Total | 5.93% | |
| Cash & Other Receivables Total | 79.48% | |
| Total | 100.00% | |
*Includes "Partly Paid Shares"
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAAF | 3.69 |
3.44 |
||
| Scheme Benchmark* | 4.54 |
3.49 |
||
| Additional Benchmark** | 3.52 |
3.49 |
||
| NAV as on 31st January, 2022 | 10.563 | |||
| Index Value (31st January, 2022) | Index Value of Scheme benchmark is 2,012.17 and CRISIL 1 Year T-Bill is 6,272.22 | |||
| 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-January-2022 |
SI |
190,000 |
195,618 |
1 Yr |
120,000 |
122,265 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
3.54 |
3.51 |
Benchmark Return& (%) |
3.99 |
4.00 |
Add. Benchmark Return& (%) |
3.33 |
3.15 |
& 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 