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Mirae Asset Arbitrage Fund Direct - Growth

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NAV as of ( Sep 09, 2022 )

₹ 10.94 -0.01 % 1-D Change

Returns since inception

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4.1% p.a.

ET Money's Fund Report Card - Mirae Asset Arbitrage Fund

Sorry! A report card for this scheme is not available because it has been in existence for less than 3 years.

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Scheme Details

ET Money Rank	Not yet ranked
VRO Rating	N.A.
Expense ratio	0.37% As on May 31, 2022
Exit Load	0.25%
AUM (Fund Size)	₹ 386 Crs
Lock-in	No Lockin
Age	2 yrs 3 m Since Jun 03, 2020
Benchmark	Nifty 50 Arbitrage
Min. Investment	SIP ₹ 1000 & Lumpsum ₹ 5000

About Mirae Asset Arbitrage Fund

Mirae Asset Arbitrage Fund Direct - Growth is a Arbitrage mutual fund scheme from Mirae Asset Mutual Fund . This fund has been in existence for 2 yrs 3 m, having been launched on 03/06/2020. Mirae Asset Arbitrage Fund Direct - Growth has ₹386 Crores worth of assets under management (AUM) as on 30/06/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.37%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.28% allocation to equity and 16.76% to Debt.

Mirae Asset Arbitrage Fund Direct - Growth returns of last 1-year are 3.91%. Since launch, it has delivered 4.13% average annual returns.
The fund's equity portion is primarily invested in Services, Financial, Insurance, Automobile, Technology sectors. It has taken less exposure in Services, Financial sectors compared to other funds in the category.
The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
The fund's top 5 holdings are in GOI, Reserve Bank of India, Sun TV Network Ltd., SBI Life Insurance Company Ltd., HDFC Bank Ltd..

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Total investment Invested

Profit

Current value of investment Current value

	Total value	Profit	Absolute Annualized
This fund
Category Average
Bank FD
Gold

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Latest Asset & Portfolio Allocation

as on May 31, 2022

Equity -0.28%
Debt 16.76%
Other 83.52%

Top Stock Holdings
Allocation by Market Cap
Allocation by Sector

Top Stock Holdings

Sun TV Network Ltd. 4.22%

SBI Life Insurance Company Ltd. 3.74%

HDFC Bank Ltd. 3.38%

Oberoi Realty Ltd. 3.04%

Allocation by Market Cap

Large Cap -0.16%

Mid Cap -0.11%

Small Cap -0.01%

Other Cap -0%

Allocation by Sector

Services 11.97%

Financial 9.16%

Insurance 7.55%

Automobile 6.87%

Top Debt Holdings
Allocation by Credit Quality
Allocation by Instruments

Top Debt Holdings

GOI 15.39%

Reserve Bank of India 6.4%

Allocation by Credit Quality

Cash & Call Money 83.52%

SOV 16.76%

Allocation by Instruments

Net Receivables 80.77%

GOI Securities 15.54%

Repo 2.75%

Treasury Bills 1.22%

Other Holdings

Others 2.74%

Comparison with arbitrage Funds

as on Sep 12, 2022

Average
0.37%

Lowest
0.32%

Highest
0.46%

Pick time period to see return

Fund name	Annual Return %	Consistency	Value Research Rating

See all ARBITRAGE funds

Trailing Returns and Ranks

as on Jun 29, 2022

Period	Trailing returns	Category average	Rank within category
1 month	0.37%	0.37%	10 / 17
3 months	0.95%	0.93%	6 / 17
6 months	1.97%	2.02%	10 / 17
1 year	3.9%	4%	10 / 17

Riskometer

Level of Risk in the Scheme

Investors understand that their principal will be at Low risk

Mirae Asset Arbitrage Fund

HYBRID ARBITRAGE

Investment objective

The scheme seeks 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.

Performance Ratios

Std. Dev : -
Alpha : -
Beta : -
Sharpe : -
Sortino : -

Fund Manager

Mahendra Kumar Jajoo

Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.

Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Jignesh Rao
Jigar Shethia

Mr. Shethia is a BCOM & CFA Level 3

Prior to joining Mirae Asset Mutual Fund, he has worked with Sushil Financial Services Pvt Ltd as Assistant Manager ??? Equity.

Mirae Asset Mutual Fund

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TOTAL AUM:

₹1,02,384 Crs

As on Jun 30, 2022

Phone: 022-67800301 / 1800-2090-777
Address: Unit No.606 - 6th Floor,
Windsor Building - Off. CST Road,
Kalina, Santacruz (East),
Mumbai, 400098

Frequently asked questions

How are the returns of Mirae Asset Arbitrage Fund ?

The Mirae Asset Arbitrage Fund is a 2 yrs 3 m old fund and has delivered average annual returns of 4.1% since inception.

Mirae Asset Arbitrage Fund Returns

1-Year	Since Inception
3.9%	4.1%

What is the current NAV of Mirae Asset Arbitrage Fund?

NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.

The NAV of Mirae Asset Arbitrage Fund for Sep 09, 2022 is 10.94 .

How do I invest in Mirae Asset Arbitrage Fund?

On ET Money, Investing in Mirae Asset Arbitrage Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -

Click on the Invest Now Button present on the top right-hand side.
Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
Provide few more details needed including the bank account from which you will be making the payment and confirm.
That's it. Your SIP or one-time investment in Mirae Asset Arbitrage Fund is done.

How much does Mirae Asset Arbitrage Fund charge as expense ratio?

The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.

The Expense Ratio of the direct plan of Mirae Asset Arbitrage Fund is 0.37%. .

How can I redeem my investments in Mirae Asset Arbitrage Fund?

Redeeming your investments in Mirae Asset Arbitrage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Arbitrage Fund from anywhere else, you can go to the fund house website and put a request through it.

What is the AUM or size of Mirae Asset Arbitrage Fund?

AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.

The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.

The AUM of Mirae Asset Arbitrage Fund is ₹386 Crs.