Mahindra Manulife Arbitrage Fund Direct Growth

Mahindra Manulife Arbitrage Fund Direct Growth

Compare
Hybrid
Direct
Arbitrage Fund

NAV: ₹ 11.4 as on 20-09-2023

Fund Performance
zero opening, trading, fund transfer fee
1 people have invested ₹ 500 in Mahindra Manulife Arbitrage Fund Direct Growth in the last three months

Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 20.2% growth in AUM moving from 19.43 Cr to 23.35 Cr.
Insights icon
In the last 1 year, Invesco India Arbitrage Fund Direct Plan Growth Option has given 7.86% return, outperforming this fund by 1.64%.
Insights icon
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%.
Insights icon
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

  1. 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.
  2. The fund has an expense ratio 0.4.

Mahindra Manulife Arbitrage Fund Direct Growth Overview

Expense ratio
Expense ratio
0.37%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹23 Cr
Inception Date
Inception Date
24 August, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹500
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
786%

Fund Distribution as on (31-Aug-23)

  • Debt & Cash 100%

Sector Allocation

Aug'23

Jul'23

Jun'23

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

  • Debt & Cash

Equity Holdings12
Debt Holdings1

Mahindra Manulife Arbitrage Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 23.3 Cr
₹ 22.3 Cr
₹ 21.7 Cr
  • 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

Mahindra Manulife Arbitrage Fund Direct Growth Fund Manager

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

Fund 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 4.45% since inception which is less than its category average return of 4.95%
AUM size ₹23 Cr

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%

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%