Mahindra Manulife Arbitrage Fund Direct Growth

Hybrid
Direct
Arbitrage Fund
Mahindra Manulife Arbitrage Fund Direct Growth

About the Fund

Mahindra Manulife Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 24 August, 2020. The fund is managed by Manish Lodha, Rahul Pal. This fund gives you the benefit of diversification.

Key Parameters

  1. Mahindra Manulife Arbitrage Fund Direct Growth has ₹74 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mahindra Manulife Arbitrage Fund Direct Growth has given a CAGR return of 5.00% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.19% and 5.34% respectively.

Holdings

Mahindra Manulife Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Industrial, Basic Materials, Utilities, Communication, Consumer Defensive, Consumer Cyclical, Government, Tech, Health, Corporate.

Taxation

As it is a arbitrage fund mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Mahindra Manulife Arbitrage Fund Direct Growth

The investment objective of the Scheme is 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. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Arbitrage Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1 people have invested ₹ 2K in Mahindra Manulife Arbitrage Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.41%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹74 Cr
Inception Date24 August, 2020
Min Lumpsum/SIP₹1000/₹500
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
786%
Risk
Risk meter
pointer
Low Risk

Fund Distribution
as on (31-May-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
93%
Government
5.8%
Corporate
1.2%
All changes are between Oct'69 and Dec'69

Manish Lodha
Manish Lodha
Fund Manager of Mahindra Manulife Arbitrage Fund Direct Growth, since 21 December 2020
Rahul Pal
Rahul Pal
Fund Manager of Mahindra Manulife Arbitrage Fund Direct Growth, since 24 August 2020

Mahindra Manulife Arbitrage Fund Direct Growth Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5% since inception which is less than its category average return of 5.25%
AUM size ₹74 Cr

AUM size ₹74 Cr

This fund has AUM of ₹74 Cr which is less than its category average of ₹ 6913 Cr
Expense Ratio 0.41%

Expense Ratio 0.41%

This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 0.71%

Frequently Asked Questions

The current NAV of Mahindra Manulife Arbitrage Fund Direct Growth is ₹12.06 as on 19-Jun-2024.
Existing (Absolute + CAGR) as on 19-Jun-2024.
Mahindra Manulife Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.58%
0.58%
6 Month Returns
3.76%
3.76%
1 Year Returns
7.19%
7.19%
3 Years Returns
16.89%
5.34%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.41% as on May 2024
₹74 Cr as on May 2024
Mahindra Manu Liquid Dir Gr(7.24%), 182 DTB 20062024(5.41%), Axis Bank Ltd(4.44%), Hindustan Petroleum Corp Ltd(4.34%), Indus Towers Ltd Ordinary Shares(4.18%) as on May 2024
Cash Equivalent(91.75%), Government(7.74%), Corporate(0.9%) as on May 2024
AAA
100
Manish Lodha, Rahul Pal are the fund managers of Mahindra Manulife Arbitrage Fund Direct Growth
The Exit load of Mahindra Manulife Arbitrage Fund Direct Growth is 0.25%