Mahindra Manulife Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 11.2 as on 02-06-2023
Fund Performance
10 people have invested ₹ 5K in Mahindra Manulife Arbitrage Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.81% return, outperforming Mahindra Manulife Arbitrage Fund Direct Growth by 1.53%
Mahindra Manulife Arbitrage Fund Direct Growth has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.7%
Over the last 3 months, Mahindra Manulife Arbitrage Fund Direct Growth has experienced a 16.0% drop in AUM moving from 25.31 Cr to 21.26 Cr
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 Abhinav Khandelwal, Manish Lodha, Rahul Pal. This fund gives you the benefit of diversification.
Key Parameters
- Mahindra Manulife Arbitrage Fund Direct Growth has a NAV of ₹11.2 as on 02-06-2023.
- Mahindra Manulife Arbitrage Fund Direct Growth has ₹21 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
- The fund has an expense ratio 0.4.
Mahindra Manulife Arbitrage Fund Direct Growth Overview
 | 0.36% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹21 Cr |
 | 24 August, 2020 |
 | ₹1000/₹500 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 872.77% |
Fund Distribution as on (30-Apr-23)
Sector Allocation
Cash Equivalent
97.6%
Government
1.2%
Corporate
1.2%
Top Holdings of Mahindra Manulife Arbitrage Fund Direct Growth as on (31-May-23)
Equity Holdings12
Mahindra Manulife Arbitrage Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.66% whereas the fund’s underlying benchmark Arbitrage Fund Index returns stands at 0.67% as on Apr'23
- This fund underperformed Arbitrage Fund Index by 0.01% in Apr'23
AUM Change
- AUM of the fund stands at 21.3 Cr as of Apr'23
- AUM increased by 0.2 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Peer Analysis
Mahindra Manulife Arbitrage Fund Direct Growth Fund Manager
Abhinav Khandelwal
Fund Manager of Mahindra Manulife Arbitrage Fund Direct Growth, since 1 April 2022
Top funds managed
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 4.22% since inception which is less than its category average return of 5.06%
AUM size ₹21 Cr
This fund has AUM of ₹21 Cr which is less than its category average of ₹ 2905 Cr
Expense Ratio 0.36%
This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.74%
Frequently Asked Questions
The current NAV of Mahindra Manulife Arbitrage Fund Direct Growth is ₹11.22 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
Mahindra Manulife Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.39% | 3.39% |
1 Year Returns | 5.29% | 5.29% |
3 Years Returns | 0% | 0% |
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.
0.36% as on May 2023
₹21 Cr as on May 2023
Reliance Industries Ltd(8.82%), HDFC Life Insurance Company Limited(7.67%), ICICI Bank Ltd(7.25%), Adani Ports & Special Economic Zone Ltd(6.01%), Tata Power Co Ltd(5.75%) as on May 2023
Cash Equivalent(95.99%), Government(2.89%), Corporate(1.45%) as on January 1
Abhinav Khandelwal, 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%