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 Febraury 28, 2022 | 416.95 |
| Net AUM (₹ Cr.) |
416.60 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on Febraury 28, 2022 |
Regular Plan: 1.08% Direct Plan: 0.38% |
| **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 | ₹ 10.738 | ₹ 10.614 |
| IDCW | ₹ 10.736 | ₹ 10.613 |
| Portfolio Turnover Ratio | 16.72 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 28th February, 2022. ^Basis last rolling 12 months. |
|
Weighted Average Maturity |
1.03 Years |
Modified Duration |
0.95 Years |
Macaulay Duration |
0.99 Years |
Yield to Maturity |
4.49% |
| New Position Bought |
| Stock |
| Aerospace & Defense |
| Hindustan Aeronautics Limited |
| Auto |
| TVS Motor Company Limited |
| Ashok Leyland Limited |
| Auto Ancillaries |
| Balkrishna Industries Limited |
| Banks |
| IndusInd Bank Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Chemicals |
| SRF Limited |
| Gujarat Narmada Valley Fertilizers and Chemicals Limited |
| Pidilite Industries Limited |
| Construction |
| DLF Limited |
| Consumer Non Durables |
| Nestle India Limited |
| Colgate Palmolive (India) Limited |
| Entertainment |
| PVR Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Aditya Birla Capital Limited |
| SBI Cards and Payment Services Limited |
| Mahindra & Mahindra Financial Services Limited |
| Healthcare Services |
| Metropolis Healthcare Limited |
| Industrial Products |
| Astral Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Pesticides |
| PI Industries Limited |
| Pharmaceuticals |
| Laurus Labs Limited |
| Alkem Laboratories Limited |
| Retailing |
| Info Edge (India) Limited |
| Software |
| Intellect Design Arena Limited |
| Firstsource Solutions Limited |
| MphasiS Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Exited |
| Stock |
| Banks |
| Kotak Mahindra Bank Limited |
| The Federal Bank Limited |
| HDFC Bank Limited |
| Cement & Cement Products |
| The India Cements Limited |
| Consumer Non Durables |
| Britannia Industries Limited |
| Asian Paints Limited |
| Non - Ferrous Metals |
| Vedanta Limited |
| Consumer Durables |
| Havells India Limited |
| Titan Company Limited |
| Power |
| Tata Power Company Limited |
| Gas |
| Indraprastha Gas Limited |
| Construction Project |
| Larsen & Toubro Limited |
| Portfolio Holdings | % Allocation | |
| Finance | ||
| Mahindra & Mahindra Financial Services Limited | 3.49% | |
| IDFC Limited | 3.10% | |
| L&T Finance Holdings Limited | 2.05% | |
| Housing Development Finance Corporation Ltd | 2.04% | |
| Aditya Birla Capital Limited | 0.86% | |
| SBI Cards and Payment Services Limited | 0.07% | |
| Entertainment | ||
| Zee Entertainment Enterprises Ltd | 4.21% | |
| Sun TV Network Limited | 3.16% | |
| PVR Limited | 0.37% | |
| Banks | ||
| Axis Bank Ltd | 2.48% | |
| ICICI Bank Ltd | 1.69% | |
| Bandhan Bank Limited | 1.36% | |
| City Union Bank Limited | 1.22% | |
| IndusInd Bank Ltd | 0.02% | |
| Software | ||
| Tata Consultancy Services Ltd | 1.55% | |
| MindTree Limited | 1.47% | |
| MphasiS Limited | 1.20% | |
| Firstsource Solutions Limited | 0.37% | |
| Tech Mahindra Limited | 0.22% | |
| HCL Technologies Limited | 0.15% | |
| Intellect Design Arena Limited | 0.13% | |
| Healthcare Services | ||
| Apollo Hospitals Enterprise Limited | 2.85% | |
| Metropolis Healthcare Limited | 1.68% | |
| Pesticides | ||
| UPL Limited | 2.41% | |
| PI Industries Limited | 1.57% | |
| Industrial Products | ||
| Astral Limited | 3.85% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Limited | 3.67% | |
| Pharmaceuticals | ||
| Divi's Laboratories Ltd | 1.20% | |
| Sun Pharmaceutical Industries Ltd | 1.09% | |
| Cadila Healthcare Limited | 0.96% | |
| Alkem Laboratories Limited | 0.20% | |
| Laurus Labs Limited | 0.15% | |
| Chemicals | ||
| SRF Limited | 2.79% | |
| Rain Industries Limited | 0.33% | |
| Gujarat Narmada Valley Fertilizers and Chemicals Limited | 0.31% | |
| Pidilite Industries Limited | 0.12% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 3.27% | |
| Consumer Non Durables | ||
| ITC Ltd | 1.74% | |
| Nestle India Limited | 0.95% | |
| Colgate Palmolive (India) Limited | 0.54% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 1.36% | |
| Tata Communications Limited | 0.94% | |
| Non - Ferrous Metals | ||
| Hindalco Industries Limited | 0.80% | |
| Hindustan Copper Limited | 0.78% | |
| National Aluminium Company Limited | 0.62% | |
| Retailing | ||
| Trent Limited | 1.81% | |
| Info Edge (India) Ltd | 0.23% | |
| Aerospace & Defense | ||
| Hindustan Aeronautics Limited | 1.79% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 1.48% | |
| Leisure Services | ||
| Delta Corp Limited | 1.44% | |
| Auto | ||
| TVS Motor Company Ltd | 1.12% | |
| Ashok Leyland Limited | 0.27% | |
| Cement & Cement Products | ||
| Ambuja Cements Limited | 0.69% | |
| UltraTech Cement Limited | 0.28% | |
| Industrial Capital Goods | ||
| Siemens Limited | 0.91% | |
| Construction | ||
| DLF Limited | 0.39% | |
| Auto Ancillaries | ||
| Balkrishna Industries Ltd | 0.37% | |
| Capital Markets | ||
| Multi Commodity Exchange of India Limited | 0.27% | |
| Equity Holding Total | 76.44% | |
| Equity Futures | ||
| IndusInd Bank Ltd March 2022 Future | -0.02% | |
| SBI Cards and Payment Services Ltd March 2022 Future | -0.07% | |
| Pidilite Industries Ltd March 2022 Future | -0.12% | |
| Intellect Design Arena Ltd March 2022 Future | -0.13% | |
| HCL Technologies Ltd March 2022 Future | -0.15% | |
| Laurus Labs Ltd March 2022 Future | -0.15% | |
| Alkem Laboratories Ltd March 2022 Future | -0.21% | |
| Tech Mahindra Ltd March 2022 Future | -0.22% | |
| Info Edge (India) Ltd March 2022 Future | -0.23% | |
| Apollo Hospitals Enterprise Ltd April 2022 Future | -0.25% | |
| Multi Commodity Exchange of India Ltd March 2022 Future | -0.27% | |
| Ashok Leyland Ltd March 2022 Future | -0.27% | |
| UltraTech Cement Ltd March 2022 Future | -0.28% | |
| Gujarat Narmada Valley Fertilizers and Chemicals Ltd March 2022 Future | -0.31% | |
| Rain Industries Ltd March 2022 Future | -0.33% | |
| PVR Ltd March 2022 Future | -0.37% | |
| Balkrishna Industries Ltd March 2022 Future | -0.37% | |
| Firstsource Solutions Ltd March 2022 Future | -0.37% | |
| DLF Ltd March 2022 Future | -0.39% | |
| Colgate Palmolive (India) Ltd April 2022 Future | -0.53% | |
| National Aluminium Company Ltd March 2022 Future | -0.62% | |
| Bandhan Bank Ltd April 2022 Future | -0.67% | |
| Ambuja Cements Ltd March 2022 Future | -0.68% | |
| Bandhan Bank Ltd March 2022 Future | -0.70% | |
| UPL Ltd April 2022 Future | -0.77% | |
| Hindustan Copper Ltd March 2022 Future | -0.78% | |
| Hindalco Industries Ltd March 2022 Future | -0.80% | |
| Aditya Birla Capital Ltd March 2022 Future | -0.86% | |
| Siemens Ltd March 2022 Future | -0.92% | |
| Tata Communications Ltd March 2022 Future | -0.95% | |
| Nestle India Ltd March 2022 Future | -0.95% | |
| Cadila Healthcare Ltd March 2022 Future | -0.96% | |
| Sun Pharmaceutical Industries Ltd March 2022 Future | -1.09% | |
| TVS Motor Company Ltd March 2022 Future | -1.12% | |
| Divi's Laboratories Ltd March 2022 Future | -1.20% | |
| MphasiS Ltd March 2022 Future | -1.20% | |
| City Union Bank Ltd March 2022 Future | -1.22% | |
| Bharti Airtel Ltd March 2022 Future | -1.36% | |
| Delta Corp Ltd March 2022 Future | -1.44% | |
| MindTree Ltd March 2022 Future | -1.47% | |
| Tata Steel Ltd March 2022 Future | -1.48% | |
| Tata Consultancy Services Ltd March 2022 Future | -1.55% | |
| PI Industries Ltd March 2022 Future | -1.57% | |
| UPL Ltd March 2022 Future | -1.64% | |
| Metropolis Healthcare Ltd March 2022 Future | -1.69% | |
| ICICI Bank Ltd March 2022 Future | -1.69% | |
| ITC Ltd March 2022 Future | -1.74% | |
| Hindustan Aeronautics Ltd March 2022 Future | -1.79% | |
| Trent Ltd March 2022 Future | -1.81% | |
| Housing Development Finance Corporation Ltd March 2022 Future | -2.05% | |
| L&T Finance Holdings Ltd March 2022 Future | -2.05% | |
| Axis Bank Ltd March 2022 Future | -2.49% | |
| Apollo Hospitals Enterprise Ltd March 2022 Future | -2.61% | |
| SRF Ltd March 2022 Future | -2.80% | |
| IDFC Ltd March 2022 Future | -3.10% | |
| Sun TV Network Ltd March 2022 Future | -3.15% | |
| Reliance Industries Ltd* March 2022 Future | -3.28% | |
| Mahindra & Mahindra Financial Services Ltd March 2022 Future | -3.49% | |
| Adani Ports and Special Economic Zone Ltd March 2022 Future | -3.68% | |
| Astral Ltd March 2022 Future | -3.84% | |
| Zee Entertainment Enterprises Ltd March 2022 Future | -4.23% | |
| Equity Futures Total | -76.51% | |
| Government Bond | ||
| 6.84% GOI (19/12/2022) | 7.34% | |
| 6.18% GOI (04/11/2024) | 3.68% | |
| 3.96% GOI (09/11/2022) | 3.59% | |
| Government Bond Total | 14.61% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 2.35% | |
| 364 Days Tbill (04/08/2022) | 1.18% | |
| 364 Days Tbill (11/08/2022) | 1.18% | |
| 364 Days Tbill (25/08/2022) | 1.18% | |
| Treasury Bill Total | 5.89% | |
| Cash & Other Receivables Total | 79.57% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAAF | 3.90% |
3.58% |
||
| Scheme Benchmark* | 4.30% |
3.56% |
||
| Additional Benchmark** | 3.65% |
3.62% |
||
| NAV as on 28th February, 2022 | 10.614 | |||
| Index Value (28th February, 2022) | Index Value of Scheme benchmark is 2,019.97 and CRISIL 1 Year T-Bill is 6,301.82 | |||
| 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 28-February-2022 |
SI |
200,000 |
206,611 |
1 Yr |
120,000 |
122,481 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
3.80 |
3.89 |
Benchmark Return& (%) |
4.09 |
4.08 |
Add. Benchmark Return& (%) |
3.59 |
3.54 |
& 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