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Unrated

Mahindra Manulife Arbitrage Yojana - Regular Plan


Hybrid: Arbitrage

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 -- 0.03 0.08 0.09 -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.02 0.06 0.24 -- -- -- -- -- -- --
Hybrid: Arbitrage -- 0.03 0.08 0.23 -- -- -- -- -- -- --
Rank within category -- 9 13 25 -- -- -- -- -- -- --
Number of funds in category 23 26 26 26 25 24 23 16 14 9 9

As on 21-Oct-2020

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 -- -- -- 1.19 98
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.46 5.72 5.93 1.01 15,111
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 4.40 5.87 5.95 1.02 7,168
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.63 5.76 5.97 1.10 3,316
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.51 5.73 5.86 0.94 3,105

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.28 (09-Sep-2020 - 16-Sep-2020) -0.09 (25-Aug-2020 - 01-Sep-2020)
Month 0.36 (15-Sep-2020 - 15-Oct-2020) 0.10 (16-Sep-2020 - 16-Oct-2020)
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Hybrid: Arbitrage* 5.19 0.92 0.34 0.51 0.76 1.00
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 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 26
Top 10 Holdings (%) 65.13
Top 5 Holdings (%) 46.77
Top 3 Sectors (%) --
Portfolio P/B Ratio 1.93
Portfolio P/E Ratio 25.83
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
equal Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 15.28 - 17.35 15.28
equal Mahindra Manulife Liquid Direct-G Mutual Fund -- 8.72 - 9.91 8.72

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
up Reliance Industries Energy 33.80 9.00 1.96 9.00
up Bharti Airtel Communication -- 8.85 1.11 8.85
equal Indusind Bank Financial 13.44 6.69 4.92 4.92
new Maruti Suzuki India Automobile 51.42 4.55 0.00 4.55
equal Jindal Steel & Power Metals 330.05 5.49 4.40 4.40
new ICICI Bank Financial 28.51 3.34 0.00 3.34
up Muthoot Finance Financial 14.20 3.13 0.90 3.13
equal Sun Pharmaceutical Inds. Healthcare 162.77 3.48 2.94 2.94
up HDFC Life Insurance Financial 84.78 2.83 1.03 2.83
down Tata Steel Metals -- 5.07 2.63 2.63
equal M&M Financial Services Financial 8.93 3.24 2.60 2.60
equal Aurobindo Pharma Healthcare 15.86 2.94 2.54 2.54
down Torrent Pharmaceuticals Healthcare 40.48 2.64 2.00 2.00
equal Cipla Healthcare 37.60 2.05 1.96 1.96
down Bata India FMCG 137.57 3.00 1.93 1.93
up Adani Ports and Special Economic Zone Services 20.64 1.57 0.62 1.57
up Tata Power Energy 16.31 1.66 1.47 1.47
down Hero Motocorp Automobile 25.98 1.79 1.16 1.16
equal Zee Entertainment Services 658.14 1.28 1.15 1.15
equal Motherson Sumi Systems Automobile -- 1.16 1.07 1.07
equal Wipro Technology 20.37 1.03 1.01 1.03
equal Dabur India FMCG 64.04 1.04 0.98 0.98
up Godrej Consumer Products FMCG 47.30 0.96 0.15 0.96
new Marico FMCG 42.54 0.67 0.00 0.67
down Exide Industries Engineering 22.14 0.96 0.61 0.61

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 30-Sep-2020

Fund Manager

— Fatema Pacha since 16-Oct-2020

Education: Ms. Pacha has done PGDBM (Finance) and BE (Computers)

Experience: Prior to joining MMIMPL, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.

Funds Managed:

— Rahul Pal since 12-Aug-2020

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

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

Funds Managed:


0.03%

Change from previous, NAV as on 21-Oct-2020

Growth: ₹ 10.0453

Dividend: ₹ 10.0453


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

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
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: 0.45%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 98 Cr (As on 30-Sep-2020)
Expense: 1.19% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --
Turnover: --

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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