MIRAE ASSET
ARBITRAGE FUND
(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. Abhishek Iyer (Debt portion) (since January 16, 2023) |
| 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: ₹ 500/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly / Quarterly option. |
| Load Structure | Entry load: NA Exit Load:# 0.25% if redeemed or switched out within 15 days from the date of allotment Nil after 15 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, 2023 | 742.14 |
| Net AUM (₹ Cr.) |
872.65 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on December 31, 2023 |
Regular Plan: 0.90% Direct Plan: 0.15% |
| **For experience of Fund Managers Click Here #As per notice cum addendum no. 56/2023 Change in exit load of Mirae Asset Arbitrage Fund. Please visit the website for more details https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum |
|
| ##Pursuant to notice cum addendum no. 69/2023, Minimum Systematic Investment Plan (SIP) Installment amount for certain Schemes has been Changed with effect from January 01, 2024. | |
| NAV: | Direct | Regular |
| Growth | ₹ 12.025 | ₹ 11.730 |
| IDCW | ₹ 12.008 | ₹ 11.729 |
Average Maturity |
0.16 Years |
Modified Duration |
0.15 Years |
Macaulay Duration |
0.15 Years |
Annualized Portfolio YTM* |
6.91% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| Bandhan Bank Ltd | 2.84% |
| State Bank of India | 1.55% |
| Bank of Baroda | 1.25% |
| RBL Bank Ltd | 1.17% |
| IndusInd Bank Ltd | 0.95% |
| ICICI Bank Ltd | 0.94% |
| Kotak Mahindra Bank Ltd | 0.72% |
| IDFC First Bank Ltd | 0.69% |
| Axis Bank Ltd | 0.62% |
| HDFC Bank Ltd | 0.61% |
| The Federal Bank Ltd | 0.58% |
| Canara Bank | 0.58% |
| Finance | |
| Manappuram Finance Ltd | 1.36% |
| LIC Housing Finance Ltd | 1.28% |
| IDFC Ltd | 1.19% |
| Shriram Finance Ltd | 1.16% |
| Piramal Enterprises Ltd | 1.08% |
| SBI Cards and Payment Services Ltd | 0.80% |
| Bajaj Finserv Ltd | 0.68% |
| Aditya Birla Capital Ltd | 0.63% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.18% |
| TVS Motor Company Ltd | 1.06% |
| Tata Motors Ltd | 0.76% |
| Eicher Motors Ltd | 0.71% |
| Hero MotoCorp Ltd | 0.64% |
| Cement & Cement Products | |
| Dalmia Bharat Ltd | 1.39% |
| Ambuja Cements Ltd | 1.30% |
| Grasim Industries Ltd | 0.63% |
| ACC Ltd | 0.55% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 1.29% |
| PVR INOX Ltd | 1.24% |
| Sun TV Network Ltd | 0.80% |
| Telecom - Services | |
| Vodafone Idea Ltd | 1.67% |
| Bharti Airtel Ltd | 1.06% |
| Indus Towers Ltd | 0.50% |
| IT - Software | |
| Coforge Ltd | 0.87% |
| Tata Consultancy Services Ltd | 0.82% |
| Infosys Ltd | 0.68% |
| Tech Mahindra Ltd | 0.62% |
| Pharmaceuticals & Biotechnology | |
| Aurobindo Pharma Ltd | 1.33% |
| Zydus Lifesciences Ltd | 0.73% |
| Cipla Ltd | 0.57% |
| Biocon Ltd | 0.17% |
| Divi's Laboratories Ltd | 0.09% |
| Ferrous Metals | |
| Steel Authority of India Ltd | 1.19% |
| Tata Steel Ltd | 0.69% |
| JSW Steel Ltd | 0.69% |
| Jindal Steel & Power Ltd | 0.27% |
| Non - Ferrous Metals | |
| Hindustan Copper Ltd | 1.23% |
| Hindalco Industries Ltd | 0.76% |
| National Aluminium Company Ltd | 0.75% |
| Capital Markets | |
| Multi Commodity Exchange of India Ltd | 1.16% |
| HDFC Asset Management Company Ltd | 0.86% |
| Indian Energy Exchange Ltd | 0.71% |
| Diversified FMCG | |
| ITC Ltd | 1.90% |
| Hindustan Unilever Ltd | 0.65% |
| Retailing | |
| Trent Ltd | 0.87% |
| Info Edge (India) Ltd | 0.64% |
| Indiamart Intermesh Ltd | 0.60% |
| Insurance | |
| SBI Life Insurance Company Ltd | 0.82% |
| ICICI Prudential Life Insurance Company Ltd | 0.65% |
| ICICI Lombard General Insurance Company Ltd | 0.45% |
| Max Financial Services Ltd | 0.10% |
| Consumer Durables | |
| Titan Company Ltd | 0.66% |
| Dixon Technologies (India) Ltd | 0.53% |
| Bata India Ltd | 0.40% |
| Voltas Ltd | 0.06% |
| Aerospace & Defense | |
| Hindustan Aeronautics Ltd | 1.06% |
| Bharat Electronics Ltd | 0.57% |
| Leisure Services | |
| Indian Railway Catering And Tourism Corporation Ltd | 0.59% |
| Delta Corp Ltd | 0.50% |
| The Indian Hotels Company Ltd | 0.43% |
| Healthcare Services | |
| Metropolis Healthcare Ltd | 0.84% |
| Dr. Lal Path Labs Ltd | 0.62% |
| Chemicals & Petrochemicals | |
| SRF Ltd | 0.53% |
| Pidilite Industries Ltd | 0.48% |
| Navin Fluorine International Ltd | 0.36% |
| Industrial Products | |
| Polycab India Ltd | 0.92% |
| Cummins India Ltd | 0.41% |
| Bharat Forge Ltd | 0.01% |
| Agricultural, Commercial & Construction Vehicles | |
| Escorts Kubota Ltd | 0.73% |
| Ashok Leyland Ltd | 0.60% |
| Fertilizers & Agrochemicals | |
| PI Industries Ltd | 0.72% |
| UPL Ltd | 0.57% |
| Electrical Equipment | |
| Siemens Ltd | 0.61% |
| ABB India Ltd | 0.57% |
| Bharat Heavy Electricals Ltd | 0.03% |
| Petroleum Products | |
| Reliance Industries Ltd | 0.64% |
| Bharat Petroleum Corporation Ltd | 0.56% |
| Power | |
| NTPC Ltd | 0.70% |
| Power Grid Corporation of India Ltd | 0.48% |
| Diversified Metals | |
| Vedanta Ltd | 1.09% |
| Oil | |
| Oil & Natural Gas Corporation Ltd | 0.90% |
| IT - Services | |
| L&T Technology Services Ltd | 0.90% |
| Metals & Minerals Trading | |
| Adani Enterprises Ltd | 0.86% |
| Beverages | |
| United Spirits Ltd | 0.61% |
| United Breweries Ltd | 0.18% |
| Gas | |
| GAIL (India) Ltd | 0.75% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 0.73% |
| Construction | |
| Larsen & Toubro Ltd | 0.67% |
| Consumable Fuels | |
| Coal India Ltd | 0.65% |
| Agricultural Food & other Products | |
| Balrampur Chini Mills Ltd | 0.59% |
| Tata Consumer Products Ltd | 0.04% |
| Food Products | |
| Nestle India Ltd | 0.60% |
| Realty | |
| DLF Ltd | 0.52% |
| Personal Products | |
| Dabur India Ltd | 0.49% |
| Equity Holding Total | 81.09% |
| Treasury Bill | |
| 364 Days Tbill (26/01/2024) | 1.14% |
| 182 Days Tbill (29/03/2024) | 1.13% |
| 182 Days Tbill (30/05/2024) | 1.11% |
| 364 Days Tbill (08/02/2024) | 0.57% |
| 182 Days Tbill (22/02/2024) | 0.57% |
| 182 Days Tbill (07/03/2024) | 0.57% |
| 91 Days Tbill (11/01/2024) | 0.57% |
| 91 Days Tbill (25/01/2024) | 0.57% |
| 364 Days Tbill (29/03/2024) | 0.56% |
| 182 Days Tbill (04/04/2024) | 0.56% |
| 182 Days Tbill (11/04/2024) | 0.56% |
| 182 Days Tbill (06/06/2024) | 0.56% |
| 182 Days Tbill (27/06/2024) | 0.55% |
| 364 Days Tbill (14/11/2024) | 0.54% |
| Treasury Bill Total | 9.56% |
| Government Bond | |
| 6.18% GOI (04/11/2024) | 1.71% |
| Government Bond Total | 1.71% |
| Certificate of Deposit | |
| Punjab National Bank (16/02/2024) ** # | 1.14% |
| Certificate of Deposit Total | 1.14% |
| Commercial Paper | |
| ICICI Securities Ltd (30/04/2024) ** | 0.56% |
| Commercial Paper Total | 0.56% |
| Mutual Fund Units | |
| Mirae Asset Liquid Fund - Direct Growth | 0.58% |
| Mutual Fund Units Total | 0.58% |
| Cash & Other Receivables Total | 5.36% |
| Total | 100.00% |
| Name of the Instrument | % to Net Assets |
| Derivatives | |
| Index / Stock Futures | |
| Aditya Birla Capital Ltd | -0.47% |
| Aditya Birla Capital Ltd | -0.17% |
| ACC Ltd | -0.56% |
| Adani Enterprises Ltd | -0.87% |
| Delta Corp Ltd | -0.51% |
| ABB India Ltd | -0.57% |
| Ashok Leyland Ltd | -0.61% |
| Vodafone Idea Ltd | -1.27% |
| Vodafone Idea Ltd | -0.43% |
| Aurobindo Pharma Ltd | -1.34% |
| Balrampur Chini Mills Ltd | -0.59% |
| Bandhan Bank Ltd | -2.87% |
| Bata India Ltd | -0.40% |
| Bajaj Finserv Ltd | -0.68% |
| Bharat Heavy Electricals Ltd | -0.04% |
| Bharat Electronics Ltd | -0.57% |
| Bharat Forge Ltd | -0.01% |
| Indus Towers Ltd | -0.50% |
| Biocon Ltd | -0.17% |
| Bank of Baroda | -1.26% |
| Bharat Petroleum Corporation Ltd | -0.56% |
| Bharti Airtel Ltd | -1.07% |
| Canara Bank | -0.59% |
| Zydus Lifesciences Ltd | -0.73% |
| Cipla Ltd | -0.57% |
| Coal India Ltd | -0.66% |
| Dabur India Ltd | -0.50% |
| Divi's Laboratories Ltd | -0.09% |
| Dixon Technologies (India) Ltd | -0.54% |
| DLF Ltd | -0.53% |
| Dr. Lal Path Labs Ltd | -0.63% |
| Eicher Motors Ltd | -0.71% |
| Escorts Kubota Ltd | -0.74% |
| The Federal Bank Ltd | -0.59% |
| GAIL (India) Ltd | -0.75% |
| Grasim Industries Ltd | -0.63% |
| Ambuja Cements Ltd | -1.31% |
| Hindustan Aeronautics Ltd | -1.07% |
| HDFC Asset Management Company Ltd | -0.87% |
| HDFC Bank Ltd | -0.62% |
| Hero MotoCorp Ltd | -0.64% |
| Hindustan Copper Ltd | -1.24% |
| Hindalco Industries Ltd | -0.76% |
| Hindustan Unilever Ltd | -0.65% |
| ICICI Bank Ltd | -0.95% |
| IDFC First Bank Ltd | -0.69% |
| IDFC Ltd | -1.20% |
| Indian Energy Exchange Ltd | -0.72% |
| Info Edge (India) Ltd | -0.65% |
| The Indian Hotels Company Ltd | -0.44% |
| IndusInd Bank Ltd | -0.96% |
| ICICI Lombard General Insurance Company Ltd | -0.45% |
| Indiamart Intermesh Ltd | -0.60% |
| Infosys Ltd | -0.68% |
| ICICI Prudential Life Insurance Company Ltd | -0.66% |
| Indian Railway Catering And Tourism Corporation Ltd | -0.59% |
| ITC Ltd | -1.91% |
| Jindal Steel & Power Ltd | -0.27% |
| JSW Steel Ltd | -0.69% |
| Cummins India Ltd | -0.42% |
| Kotak Mahindra Bank Ltd | -0.72% |
| Trent Ltd | -0.88% |
| Larsen & Toubro Ltd | -0.67% |
| LIC Housing Finance Ltd | -1.29% |
| L&T Technology Services Ltd | -0.91% |
| Maruti Suzuki India Ltd | -1.19% |
| Max Financial Services Ltd | -0.11% |
| Multi Commodity Exchange of India Ltd | -1.17% |
| United Spirits Ltd | -0.61% |
| Metropolis Healthcare Ltd | -0.85% |
| Manappuram Finance Ltd | -1.37% |
| Adani Ports and Special Economic Zone Ltd | -0.74% |
| National Aluminium Company Ltd | -0.76% |
| Nestle India Ltd | -0.60% |
| Piramal Enterprises Ltd | -1.09% |
| Coforge Ltd | -0.88% |
| NTPC Ltd | -0.70% |
| Dalmia Bharat Ltd | -1.41% |
| Oil & Natural Gas Corporation Ltd | -0.90% |
| Power Grid Corporation of India Ltd | -0.48% |
| Pidilite Industries Ltd | -0.49% |
| PI Industries Ltd | -0.72% |
| Polycab India Ltd | -0.93% |
| Navin Fluorine International Ltd | -0.37% |
| PVR INOX Ltd | -1.25% |
| Reliance Industries Ltd | -0.65% |
| RBL Bank Ltd | -1.18% |
| TVS Motor Company Ltd | -1.07% |
| Steel Authority of India Ltd | -1.20% |
| State Bank of India | -1.56% |
| SBI Cards and Payment Services Ltd | -0.81% |
| UPL Ltd | -0.57% |
| Vedanta Ltd | -1.10% |
| Shriram Finance Ltd | -1.17% |
| Siemens Ltd | -0.61% |
| SBI Life Insurance Company Ltd | -0.83% |
| SRF Ltd | -0.54% |
| Sun TV Network Ltd | -0.80% |
| Tata Consultancy Services Ltd | -0.83% |
| Tata Motors Ltd | -0.77% |
| Tech Mahindra Ltd | -0.63% |
| Tata Steel Ltd | -0.69% |
| Tata Consumer Products Ltd | -0.04% |
| Titan Company Ltd | -0.67% |
| United Breweries Ltd | -0.18% |
| Axis Bank Ltd | -0.62% |
| Voltas Ltd | -0.06% |
| Zee Entertainment Enterprises Ltd | -0.58% |
| Zee Entertainment Enterprises Ltd | -0.73% |
| Total | -81.80% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| Mirae Asset Arbitrage Fund | 7.04% | 4.86% | 4.62% | |
| Scheme Benchmark* | 7.95% | 5.42% | 4.90% | |
| Additional Benchmark** | 6.96% | 4.85% | 4.68% | |
| NAV as on 29th December, 2023 | ₹ 11.730 | |||
| Index Value (29th December, 2023) | Index Value of Scheme benchmark is 2,254.41 and CRISIL 1 Year T-Bill is 6,973.49 |
|||
| 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. Abhishek Iyer (Debt Portion) (since January 16, 2023)
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
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
| Period | Total Amount Invested | Mkt Value as on 29-December-2023 |
SI |
4,20,000 | 4,62,110 |
3 Yrs |
3,60,000 | 3,92,209 |
1 Yr |
1,20,000 | 1,24,494 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
5.42 | 5.67 | 7.09 |
Benchmark Return& (%) |
5.95 | 6.23 | 7.97 |
Add. Benchmark Return& (%) |
5.40 | 5.65 | 7.08 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Portfolio Turnover Ratio | 25.90 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 December, 2023. ^Basis last rolling 12 months. |
|
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.