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 February 29, 2024 | 1,108.39 |
| Net AUM (₹ Cr.) |
1,202.42 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
Regular Plan: 0.90% Direct Plan: 0.11% |
| **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 | ₹ 12.220 | ₹ 11.905 |
| IDCW | ₹ 12.203 | ₹ 11.904 |
Average Maturity |
0.11 Years |
Modified Duration |
0.11 Years |
Macaulay Duration |
0.11 Years |
Annualized Portfolio YTM* |
6.89% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
1.41% |
ICICI Bank Ltd |
1.11% |
State Bank of India |
1.00% |
Bank of Baroda |
0.97% |
Axis Bank Ltd |
0.83% |
Bandhan Bank Limited |
0.82% |
RBL Bank Limited |
0.79% |
Kotak Mahindra Bank Ltd |
0.76% |
The Federal Bank Limited |
0.59% |
Canara Bank |
0.58% |
AU Small Finance Bank Limited |
0.54% |
IndusInd Bank Ltd |
0.49% |
Finance |
|
IDFC Limited |
0.87% |
LIC Housing Finance Limited |
0.78% |
Cholamandalam Investment and Finance Company Ltd |
0.72% |
Power Finance Corporation Ltd |
0.72% |
Shriram Finance Limited |
0.68% |
Piramal Enterprises Limited |
0.67% |
Bajaj Finance Limited |
0.53% |
Manappuram Finance Limited |
0.50% |
Bajaj Finserv Limited |
0.50% |
Aditya Birla Capital Limited |
0.34% |
L&T Finance Holdings Limited |
0.15% |
Automobiles |
|
Maruti Suzuki India Ltd |
2.00% |
TVS Motor Company Ltd |
1.01% |
Hero MotoCorp Limited |
0.73% |
Eicher Motors Ltd |
0.68% |
Tata Motors Limited |
0.63% |
Mahindra & Mahindra Limited |
0.60% |
Bajaj Auto Limited |
0.01% |
Telecom - Services |
|
Tata Communications Limited |
1.66% |
Vodafone Idea Limited |
1.16% |
Indus Towers Limited |
0.81% |
Bharti Airtel Ltd |
0.18% |
Pharmaceuticals & Biotechnology |
|
Aurobindo Pharma Ltd |
0.75% |
Biocon Ltd |
0.70% |
Zydus Lifesciences Limited |
0.59% |
Glenmark Pharmaceuticals Limited |
0.47% |
Divi's Laboratories Ltd |
0.39% |
Sun Pharmaceutical Industries Ltd |
0.18% |
Cement & Cement Products |
|
UltraTech Cement Limited |
1.00% |
Ambuja Cements Limited |
0.98% |
Dalmia Bharat Limited |
0.51% |
ACC Limited |
0.50% |
IT - Software |
|
Coforge Limited |
0.69% |
Tech Mahindra Limited |
0.65% |
Tata Consultancy Services Ltd |
0.64% |
Infosys Ltd |
0.33% |
HCL Technologies Limited |
0.14% |
Persistent Systems Limited |
0.12% |
Insurance |
|
SBI Life Insurance Company Limited |
1.38% |
Max Financial Services Ltd |
0.64% |
ICICI Prudential Life Insurance Company Limited |
0.32% |
ICICI Lombard General Insurance Company Limited |
0.04% |
Consumer Durables |
|
Titan Company Ltd |
0.75% |
Asian Paints Ltd |
0.58% |
Voltas Ltd |
0.55% |
Dixon Technologies (India) Limited |
0.39% |
Petroleum Products |
|
Reliance Industries Ltd |
1.59% |
Bharat Petroleum Corporation Limited |
0.63% |
Ferrous Metals |
|
Tata Steel Ltd |
0.63% |
Jindal Steel & Power Limited |
0.56% |
Steel Authority of India Limited |
0.56% |
JSW Steel Limited |
0.45% |
Entertainment |
|
Zee Entertainment Enterprises Ltd |
0.99% |
Sun TV Network Limited |
0.73% |
PVR INOX Limited |
0.30% |
Agricultural Food & other Products |
|
Marico Limited |
0.97% |
Balrampur Chini Mills Limited |
0.88% |
Capital Markets |
|
Multi Commodity Exchange of India Limited |
1.11% |
HDFC Asset Management Company Limited |
0.59% |
Chemicals & Petrochemicals |
|
Pidilite Industries Limited |
0.97% |
Aarti Industries Limited |
0.52% |
Non - Ferrous Metals |
|
National Aluminium Company Limited |
1.13% |
Hindalco Industries Limited |
0.21% |
Hindustan Copper Limited |
0.15% |
Diversified FMCG |
|
ITC Ltd |
0.96% |
Hindustan Unilever Ltd |
0.52% |
Aerospace & Defense |
|
Hindustan Aeronautics Limited |
0.95% |
Bharat Electronics Ltd |
0.46% |
Food Products |
|
Britannia Industries Ltd |
1.19% |
Nestle India Limited |
0.15% |
Retailing |
|
Trent Limited |
0.67% |
Info Edge (India) Ltd |
0.65% |
Leisure Services |
|
Indian Railway Catering And Tourism Corporation Limited |
0.67% |
The Indian Hotels Company Limited |
0.60% |
Transport Services |
|
Container Corporation of India Limited |
0.81% |
InterGlobe Aviation Limited |
0.42% |
Healthcare Services |
|
Dr. Lal Path Labs Limited |
0.62% |
Metropolis Healthcare Limited |
0.58% |
Metals & Minerals Trading |
|
Adani Enterprises Limited |
1.18% |
Electrical Equipment |
|
ABB India Limited |
0.72% |
Siemens Limited |
0.37% |
Agricultural, Commercial & Construction Vehicles |
|
Escorts Kubota Limited |
0.56% |
Ashok Leyland Limited |
0.52% |
Auto Components |
|
Balkrishna Industries Ltd |
0.96% |
Diversified Metals |
|
Vedanta Limited |
0.83% |
Transport Infrastructure |
|
Adani Ports and Special Economic Zone Limited |
0.69% |
Power |
|
NTPC Ltd |
0.67% |
Construction |
|
Larsen & Toubro Ltd |
0.67% |
Beverages |
|
United Spirits Limited |
0.64% |
Oil |
|
Oil & Natural Gas Corporation Limited |
0.57% |
Consumable Fuels |
|
Coal India Ltd |
0.55% |
Gas |
|
GAIL (India) Limited |
0.54% |
IT - Services |
|
L&T Technology Services Ltd |
0.48% |
Industrial Products |
|
Polycab India Limited |
0.41% |
Personal Products |
|
Dabur India Ltd |
0.35% |
Fertilizers & Agrochemicals |
|
PI Industries Limited |
0.21% |
Equity Holding Total |
72.26% |
Treasury Bill |
|
91 Days Tbill (MD 14/03/2024) |
1.24% |
182 Days Tbill (MD 29/03/2024) |
0.83% |
364 Days Tbill (MD 30/05/2024) |
0.82% |
182 Days Tbill (MD 30/05/2024) |
0.82% |
182 Days Tbill (MD 07/03/2024) |
0.42% |
364 Days Tbill (MD 29/03/2024) |
0.41% |
182 Days Tbill (MD 04/04/2024) |
0.41% |
182 Days Tbill (MD 11/04/2024) |
0.41% |
182 Days Tbill (MD 09/05/2024) |
0.41% |
364 Days Tbill (MD 23/05/2024) |
0.41% |
182 Days Tbill (MD 06/06/2024) |
0.41% |
182 Days Tbill (MD 20/06/2024) |
0.41% |
182 Days Tbill (MD 27/06/2024) |
0.41% |
364 Days Tbill (MD 14/11/2024) |
0.40% |
Treasury Bill Total |
7.80% |
Mutual Fund Units |
|
Mirae Asset Liquid Fund - Direct Growth |
3.34% |
Mutual Fund Units Total |
3.34% |
Commercial Paper |
|
Motilal Oswal Financial Services Limited |
0.83% |
Godrej Industries Limited |
0.82% |
ICICI Securities Limited |
0.41% |
Commercial Paper Total |
2.06% |
Certificate of Deposit |
|
Canara Bank |
1.24% |
Certificate of Deposit Total |
1.24% |
Government Bond |
|
6.18% GOI (MD 04/11/2024) |
1.24% |
Government Bond Total |
1.24% |
Cash & Other Receivables Total |
12.06% |
Total |
100.00% |
Name of the Instrument |
% to Net Assets |
Derivatives |
|
Index / Stock Futures |
|
Bajaj Auto Limited |
-0.01% |
ICICI Lombard General Insurance Company Limited |
-0.04% |
Persistent Systems Limited |
-0.12% |
HCL Technologies Limited |
-0.14% |
Nestle India Limited |
-0.15% |
L&T Finance Holdings Limited |
-0.15% |
Hindustan Copper Limited |
-0.16% |
Bharti Airtel Limited |
-0.18% |
Sun Pharmaceutical Industries Limited |
-0.18% |
Hindalco Industries Limited |
-0.21% |
PI Industries Limited |
-0.21% |
PVR INOX Limited |
-0.30% |
ICICI Prudential Life Insurance Company Limited |
-0.32% |
Infosys Limited |
-0.33% |
Aditya Birla Capital Limited |
-0.34% |
Dabur India Limited |
-0.35% |
Siemens Limited |
-0.37% |
Divi's Laboratories Limited |
-0.40% |
Dixon Technologies (India) Limited |
-0.40% |
Polycab India Limited |
-0.42% |
InterGlobe Aviation Limited |
-0.42% |
JSW Steel Limited |
-0.46% |
Bharat Electronics Limited |
-0.46% |
Glenmark Pharmaceuticals Limited |
-0.48% |
L&T Technology Services Limited |
-0.48% |
IndusInd Bank Limited |
-0.49% |
Bajaj Finserv Limited |
-0.50% |
ACC Limited |
-0.50% |
Manappuram Finance Limited |
-0.50% |
Dalmia Bharat Limited |
-0.52% |
Ashok Leyland Limited |
-0.52% |
Hindustan Unilever Limited |
-0.53% |
Aarti Industries Limited |
-0.53% |
Bajaj Finance Limited |
-0.54% |
AU Small Finance Bank Limited |
-0.54% |
GAIL (India) Limited |
-0.54% |
Coal India Limited |
-0.55% |
Voltas Limited |
-0.56% |
Escorts Kubota Limited |
-0.56% |
Jindal Steel & Power Limited |
-0.56% |
Steel Authority of India Limited |
-0.56% |
Oil & Natural Gas Corporation Limited |
-0.57% |
Metropolis Healthcare Limited |
-0.58% |
Asian Paints Limited |
-0.59% |
Canara Bank |
-0.59% |
HDFC Asset Management Company Limited |
-0.59% |
The Federal Bank Limited |
-0.59% |
Zydus Lifesciences Limited |
-0.60% |
The Indian Hotels Company Limited |
-0.60% |
Mahindra & Mahindra Limited |
-0.61% |
Dr. Lal Path Labs Limited |
-0.62% |
Tata Motors Limited |
-0.64% |
Tata Steel Limited |
-0.64% |
Bharat Petroleum Corporation Limited |
-0.64% |
United Spirits Limited |
-0.64% |
Max Financial Services Limited |
-0.64% |
Tata Consultancy Services Limited |
-0.65% |
Info Edge (India) Limited |
-0.66% |
Tech Mahindra Limited |
-0.66% |
Larsen & Toubro Limited |
-0.67% |
Piramal Enterprises Limited |
-0.67% |
NTPC Limited |
-0.67% |
Trent Limited |
-0.67% |
Indian Railway Catering And Tourism Corporation Limited |
-0.68% |
Shriram Finance Limited |
-0.68% |
Eicher Motors Limited |
-0.68% |
Adani Ports and Special Economic Zone Limited |
-0.69% |
Coforge Limited |
-0.69% |
Biocon Limited |
-0.71% |
Power Finance Corporation Limited |
-0.73% |
Cholamandalam Investment and Finance Company Ltd |
-0.73% |
ABB India Limited |
-0.73% |
Sun TV Network Limited |
-0.73% |
Hero MotoCorp Limited |
-0.73% |
Titan Company Limited |
-0.75% |
Aurobindo Pharma Limited |
-0.76% |
Kotak Mahindra Bank Limited |
-0.76% |
LIC Housing Finance Limited |
-0.78% |
RBL Bank Limited |
-0.80% |
Indus Towers Limited |
-0.82% |
Container Corporation of India Limited |
-0.82% |
Bandhan Bank Limited |
-0.83% |
Axis Bank Limited |
-0.83% |
Vedanta Limited |
-0.84% |
IDFC Limited |
-0.88% |
Balrampur Chini Mills Limited |
-0.88% |
Hindustan Aeronautics Limited |
-0.96% |
Balkrishna Industries Limited |
-0.96% |
Marico Limited |
-0.96% |
ITC Limited |
-0.97% |
Pidilite Industries Limited |
-0.97% |
Bank of Baroda |
-0.97% |
Ambuja Cements Limited |
-0.98% |
Zee Entertainment Enterprises Limited |
-1.00% |
State Bank of India |
-1.01% |
TVS Motor Company Limited |
-1.01% |
UltraTech Cement Limited |
-1.01% |
ICICI Bank Limited |
-1.12% |
Multi Commodity Exchange of India Limited |
-1.12% |
National Aluminium Company Limited |
-1.14% |
Vodafone Idea Limited |
-1.17% |
Adani Enterprises Limited |
-1.19% |
Britannia Industries Limited |
-1.19% |
SBI Life Insurance Company Limited |
-1.39% |
HDFC Bank Limited |
-1.42% |
Reliance Industries Limited |
-1.60% |
Tata Communications Limited |
-1.67% |
Maruti Suzuki India Limited |
-2.02% |
Total |
-72.71% |
| Returns (in%) | |||||
| 1 Year | 3 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | ||
| Mirae Asset Arbitrage Fund | 7.54% |
5.24% |
4.83% |
11,905 |
|
| Scheme Benchmark* | 8.18% |
5.68% |
5.06% |
12,004 |
|
| Additional Benchmark** | 7.38% |
5.07% |
4.78% |
11,884 |
|
| NAV as on 29th February, 2024 | ₹ 11.905 | ||||
| Index Value (29th February, 2024) | Index Value of Scheme benchmark is 2,285.05 and CRISIL 1 Year T-Bill is 7,051.32 |
||||
| 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) respectively.
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-February-2024 |
SI |
4,40,000 |
4,89,197 |
3 Yrs |
3,60,000 |
3,94,850 |
1 Yr |
1,20,000 |
1,24,889 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
5.73 |
6.10 |
7.67 |
Benchmark Return& (%) |
6.15 |
6.52 |
8.03 |
Add. Benchmark Return& (%) |
5.54 |
5.87 |
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 | 23.67 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 February, 2024. ^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.