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Unrated

Mirae Asset Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Arbitrage funds invest in equity shares and derivatives, and earn their returns through the price differential between a stock and its futures. You can expect to earn better returns than what you would get from a bank account.

They are usually suitable to park your money for a period ranging between three months to a year. However, we believe that liquid funds, which have a similar risk-return payoff, are a better alternative for most investors for such a time frame. Arbitrage funds may have some appeal for those who are in the highest tax bracket, given the preferential tax treatment of these funds.

The risk of incurring a loss in these funds over the said time frame is low but they do not guarantee returns or safety of capital.

Remember, these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.72 0.02 0.05 0.22 0.97 2.22 3.88 -- -- -- --
CCIL T Bill Liquidity Weight 1.49 0.01 0.04 0.18 0.63 1.15 2.18 -- -- -- --
Hybrid: Arbitrage 2.54 -0.01 0.01 0.15 0.82 2.04 3.53 -- -- -- --
Rank within category 12 3 5 3 3 9 11 -- -- -- --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 10

As on 17-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Arbitrage Fund - Regular Plan  | Invest Online
Unrated
Jun-20 3.88 -- -- 1.09 364
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.06 5.08 5.47 1.01 25,746
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 3.97 5.03 5.36 0.99 9,196
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.86 5.12 5.46 1.10 6,428
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.02 5.11 5.43 0.93 6,047

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.24 01-Sep-2020 - 08-Sep-2020 -0.13 30-Jun-2020 - 07-Jul-2020
Month 0.58 16-Mar-2021 - 15-Apr-2021 0.05 30-Jun-2020 - 30-Jul-2020
Quarter 1.30 18-May-2021 - 17-Aug-2021 0.53 30-Jun-2020 - 29-Sep-2020
Year 3.97 01-Sep-2020 - 01-Sep-2021 3.41 30-Jun-2020 - 30-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Hybrid: Arbitrage* 4.61 0.93 0.85 1.29 0.80 1.10
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Aug-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 37
Top 10 Holdings (%) 37.54
Top 5 Holdings (%) 21.59
Top 3 Sectors (%) 0.03
Portfolio P/B Ratio 3.02
Portfolio P/E Ratio 20.75
Avg Credit Rating GOI/Cash

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 364-D 19/08/2022 Treasury Bills SOV 0.00 - 6.64 6.64
equal 3.25% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 3.44 3.30
equal 3.25% Edelweiss Custodial Services 20/09/2021 Fixed Deposits -- 0.00 - 3.16 3.02
equal 3.25% Edelweiss Custodial Services 29/09/2021 Fixed Deposits -- 0.00 - 3.16 2.75
equal 3.25% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 1.72 1.65
new 3.25% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 1.37 1.37
equal 3.25% Edelweiss Custodial Services 24/09/2021 Fixed Deposits -- 0.00 - 1.58 1.37
new Reserve Bank of India 364-D 04/08/2022 Treasury Bills SOV 0.00 - 1.33 1.33
new Reserve Bank of India 364-D 11/08/2022 Treasury Bills SOV 0.00 - 1.33 1.33
equal 3.25% Edelweiss Custodial Services 16/10/2021 Fixed Deposits -- 0.00 - 1.16 1.11
equal 3.25% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 0.86 0.82
equal 3.25% Edelweiss Custodial Services 18/10/2021 Fixed Deposits -- 0.00 - 0.86 0.82
equal 3.25% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 0.57 0.55
new 3.25% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 0.55 0.55

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Adani Ports and Special Economic Zone Services 28.25 6.73 1.94 4.45
up Kotak Mahindra Bank Financial 40.00 3.88 0.00 3.88
equal Sun TV Network Services 12.75 5.25 0.78 3.32
up State Bank of India Financial 16.20 4.79 1.36 3.29
new Bandhan Bank Financial 22.80 3.24 0.00 3.24
new Nestle India FMCG 87.99 3.21 0.00 3.21
new Axis Bank Financial 29.30 3.11 0.00 3.11
new Infosys Technology 35.02 3.81 0.00 3.10
equal Hero Motocorp Automobile 18.80 3.23 0.00 3.08
new Tata Steel Metals 8.01 3.98 0.00 2.98
new HDFC Financial 25.32 6.21 0.00 2.89
new Maruti Suzuki India Automobile 41.27 3.29 0.00 2.80
up Container Corporation Of India Services 62.69 2.75 0.00 2.75
new Lupin Healthcare 26.13 2.76 0.00 2.44
up Indian Railway Catering & Tourism Corporation Services 208.14 2.26 0.00 2.26
down ICICI Bank Financial 24.94 6.86 0.00 2.20
down Tata Power Company Energy 33.59 3.96 0.00 2.18
up Escorts Automobile 20.42 2.21 0.00 1.97
up Indraprastha Gas Energy 33.50 1.84 0.00 1.84
equal Sun Pharmaceutical Industries Healthcare 30.78 5.73 0.00 1.80
new Vedanta Metals 7.59 3.72 0.00 1.45
up Coal India Energy 7.00 1.38 0.00 1.38
equal Cadila Healthcare Healthcare 25.20 1.53 0.00 1.14
equal Zee Entertainment Services 24.93 1.31 0.00 1.06
equal Tata Chemicals Chemicals 40.51 4.61 0.00 0.91

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2021

Fund Manager

— Jigar Shethia since 03-Jun-2020

Education: Mr. Shethia is a BCOM & CFA Level 3

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

— Mahendra Kumar Jajoo since 03-Jun-2020

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

Experience: 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.

Funds Managed:


0.02%

Change from previous, NAV as on 17-Sep-2021

Growth: ₹ 10.4490

IDCW: ₹ 10.4480


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 19-Jun-2020
Return Since Launch: 3.59%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 364 Cr (As on 31-Aug-2021)
Expense: 1.09% (As on 31-Jul-2021)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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