Mirae Asset Arbitrage Fund Direct Growth

Mirae Asset Arbitrage Fund Direct Growth

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Hybrid
Direct
Arbitrage Fund
NAV: ₹ 12.2 as on 21-02-2024
Fund Performance
zero opening, trading, fund transfer fee
69 people have invested ₹ 5.2Cr in Mirae Asset Arbitrage Fund Direct Growth in the last three months

About the Mirae Asset Arbitrage Fund Direct Growth

Mirae Asset Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 19 June, 2020. The fund is managed by Abhishek Iyer. This fund gives you the benefit of diversification.

Key Parameters

  1. Mirae Asset Arbitrage Fund Direct Growth has ₹1024 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.

Mirae Asset Arbitrage Fund Direct Growth Overview

Expense ratio
Expense ratio
0.16%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹1024 Cr
Inception Date
Inception Date
19 June, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
816.73%

Mirae Asset Arbitrage Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 76%

  • Debt & Cash 24%

Size breakup

Large cap
43.3%
Mid cap
21.3%
Small cap
11.4%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
25.4%
Basic Materials
16.8%
Industrial
12.1%
Consumer Defensive
9.6%
Communication
9.3%
Consumer Cyclical
8.1%
Health
6.2%
Energy
5.4%
Tech
4.7%
Utilities
2.1%
Real Estate
0.4%

Top Holdings of Mirae Asset Arbitrage Fund Direct Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings107
Debt Holdings21

Mirae Asset Arbitrage Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 1K Cr
₹ 872.7 Cr
₹ 676.3 Cr
  • AUM of the fund stands at 1K Cr as of Jan'24
  • AUM increased by 151.3 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Mirae Asset Arbitrage Fund Direct Growth Fund Manager

Abhishek Iyer
Abhishek Iyer
Fund Manager of Mirae Asset Arbitrage Fund Direct Growth, since 16 January 2023

Mirae Asset 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 5.58% since inception which is more than its category average return of 5.12%
Fund Allocations

Fund Allocations

This fund has an allocation of 76.03% in Equity, 4.78% in Debt and 19.19% in Cash related instruments
AUM size ₹1024 Cr

AUM size ₹1024 Cr

This fund has AUM of ₹1024 Cr which is less than its category average of ₹ 5371 Cr
Expense Ratio 0.16%

Expense Ratio 0.16%

This fund has an expense ratio of 0.16% which is less than its category average expense ratio of 0.71%

Frequently Asked Questions

The current NAV of Mirae Asset Arbitrage Fund Direct Growth is ₹12.2 as on 21-Feb-2024.
Existing (Absolute + CAGR) as on 21-Feb-2024.
Mirae Asset Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.84%
0.84%
6 Month Returns
4.31%
4.31%
1 Year Returns
8.31%
8.31%
3 Years Returns
19.02%
5.98%
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.
0.16% as on January 2024
₹1024 Cr as on January 2024
Asian Paints Ltd(2.32%), Balrampur Chini Mills Ltd(1.66%), NTPC Ltd(1.56%), Hindustan Aeronautics Ltd Ordinary Shares(1.56%), State Bank of India(1.47%) as on January 2024
Financial Services(19.33%), Cash Equivalent(16.61%), Basic Materials(12.75%) as on January 2024
AAA
100
Abhishek Iyer is the fund manager of Mirae Asset Arbitrage Fund Direct Growth
The Exit load of Mirae Asset Arbitrage Fund Direct Growth is 0.25%