Mahindra Manulife Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 11.4 as on 20-09-2023
Fund Performance
1 people have invested ₹ 500 in Mahindra Manulife Arbitrage Fund Direct Growth in the last three months
Fund Insights
Over the last 3 months, this fund has experienced a 20.2% growth in AUM moving from 19.43 Cr to 23.35 Cr.
In the last 1 year, Invesco India Arbitrage Fund Direct Plan Growth Option has given 7.86% return, outperforming this fund by 1.64%.
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.71%.
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 5.65% return, outperforming this fund by 1.18% per annum.
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
- Mahindra Manulife Arbitrage Fund Direct Growth has ₹23 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.4.
Mahindra Manulife Arbitrage Fund Direct Growth Overview
 | 0.37% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹23 Cr |
 | 24 August, 2020 |
 | ₹1000/₹500 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 786% |
Fund Distribution as on (31-Aug-23)
Sector Allocation
Cash Equivalent
93.9%
Corporate
3.8%
Government
2.3%
Top Holdings of Mahindra Manulife Arbitrage Fund Direct Growth as on (31-Aug-23)
Equity Holdings12
Debt Holdings1
Mahindra Manulife Arbitrage Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 23.3 Cr as of Aug'23
- AUM increased by 1 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Mahindra Manulife Arbitrage Fund Direct Growth Fund Manager
Manish Lodha
Fund Manager of Mahindra Manulife Arbitrage Fund Direct Growth, since 21 December 2020
Top funds managed
Rahul Pal
Fund Manager of Mahindra Manulife Arbitrage Fund Direct Growth, since 24 August 2020
Top funds managed
Fund Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 4.45% since inception which is less than its category average return of 4.95%
AUM size ₹23 Cr
This fund has AUM of ₹23 Cr which is less than its category average of ₹ 3775 Cr
Expense Ratio 0.37%
This fund has an expense ratio of 0.37% 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 ₹11.43 as on 20-Sep-2023.
Existing (Absolute + CAGR) as on 20-Sep-2023.
Mahindra Manulife Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.48% | 0.48% |
6 Month Returns | 3.34% | 3.34% |
1 Year Returns | 6.22% | 6.22% |
3 Years Returns | 14.01% | 4.47% |
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.
0.37% as on August 2023
₹23 Cr as on August 2023
Mahindra Manu Liquid Dir Gr(21.62%), HDFC Life Insurance Company Limited(7.59%), Larsen & Toubro Ltd(7.29%), ICICI Bank Ltd(6.9%), Indus Towers Ltd Ordinary Shares(6.63%) as on August 2023
Cash Equivalent(94.3%), Corporate(3.81%), Government(2.29%) as on August 2023
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%