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Unrated

Mahindra Manulife Arbitrage Yojana - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.03 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 0.23 0.15 0.10 0.31 0.82 1.32 2.91 -- -- -- --
CCIL T Bill Liquidity Weight 0.09 0.01 0.06 0.18 0.52 1.04 2.10 -- -- -- --
Hybrid: Arbitrage 0.26 0.13 0.13 0.33 0.96 1.66 3.53 -- -- -- --
Rank within category 20 5 22 18 21 20 20 -- -- -- --
Number of funds in category 24 24 24 24 24 24 24 19 16 14 9

As on 18-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mahindra Manulife Arbitrage Yojana - Regular Plan
Unrated
Aug-20 2.91 -- -- 1.15% 24
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.08 4.78 5.34 1.00% 24,642
Tata Arbitrage Fund - Regular Plan  | Invest Online
5 star
Dec-18 3.91 4.97 -- 1.09% 11,119
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 3.98 4.70 5.18 1.00% 8,562
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.98 4.80 5.33 1.07% 6,401

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.28 09-Sep-2020 - 16-Sep-2020 -0.13 06-Dec-2021 - 13-Dec-2021
Month 0.55 23-Mar-2021 - 22-Apr-2021 -0.02 03-Nov-2020 - 03-Dec-2020
Quarter 1.11 23-Mar-2021 - 22-Jun-2021 0.35 03-Nov-2020 - 02-Feb-2021
Year 3.09 01-Sep-2020 - 01-Sep-2021 2.54 30-Oct-2020 - 01-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.13 0.39 -1.53 -4.65 -- --
Hybrid: Arbitrage* 4.34 0.81 0.78 1.16 0.87 1.14
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-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 17
Top 10 Holdings (%) 71.49
Top 5 Holdings (%) 48.10
Top 3 Sectors (%) --
Portfolio P/B Ratio 3.45
Portfolio P/E Ratio 23.17
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
down Mahindra Manulife Liquid Direct-G Mutual Fund -- 15.75 - 26.16 22.72

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 Hindustan Unilever FMCG 66.26 7.12 0.00 7.12
down Asian Paints Chemicals 99.38 8.64 0.00 6.59
down Jindal Steel & Power Metals 6.00 8.41 4.00 5.93
down Adani Ports and Special Economic Zone Services 30.54 7.20 0.62 5.74
equal Tata Power Company Energy 52.55 7.76 1.47 5.63
down ICICI Bank Financial 26.94 7.83 0.00 5.54
down Reliance Industries Energy 32.62 9.94 1.96 4.47
equal Lupin Healthcare -- 4.30 0.00 4.06
equal HDFC Asset Management Company Financial 37.90 3.69 0.00 3.69
equal Colgate-Palmolive FMCG 37.53 3.26 0.00 3.26
equal Tata Chemicals Chemicals 37.56 3.13 0.00 3.00
down HDFC Life Insurance Insurance 124.89 3.62 0.00 2.99
equal Tata Consultancy Services Technology 39.21 4.42 0.00 2.82
equal Axis Bank Financial 22.25 2.39 0.00 2.39
equal ITC FMCG 19.06 1.17 0.00 1.17
equal Larsen & Toubro Construction 32.50 2.85 0.00 0.91
equal Tata Steel Metals 4.68 5.07 0.00 0.79

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-Dec-2021

Fund Manager

— Manish Lodha since 21-Dec-2020

Education: Mr. Lodha is a Chartered Accountant and Company Secretary

Experience: Prior to joining MMIMPL, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).

Funds Managed:

— V Balasubramanian since 16-Oct-2020

Education: Mr. Balasubramanian is M.Com, C.A and LLB

Experience: Prior to joining Mahindra Manulife Mutual Fund, he has worked with IDBI Mutual Fund and Indian Bank.

Funds Managed:

— Rahul Pal since 12-Aug-2020

Education: Mr. Pal is a B.Com (H) and Chartered Accountant.

Experience: Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Funds Managed:


0.15%

Change from previous, NAV as on 18-Jan-2022

Growth: ₹ 10.3968

IDCW: ₹ 10.3969


Investment Strategy

The scheme seeks to generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 24-Aug-2020
Return Since Launch: 2.81%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 24 Cr (As on 31-Dec-2021)
Expense: 1.15% (As on 30-Nov-2021)
Risk Grade: --
Return Grade: --
Turnover: 1,004.00%

Contact Information

AMC: Mahindra Manulife Investment Management Private Limited

Address: 1st Floor - Sadhana House, Behind Mahindra Towers, 570 - P.B. Marg, Worli, Mumbai - 400018

Phone: 022-66327900

Email: [email protected]

Website: http://www.mahindramanulife.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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