Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl
Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl

Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl

Hybrid
Direct
Arbitrage Fund

NAV: ₹ 11 as on 03-10-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
This Fund
0.5%
1.3%
2.3%
4.2%
Benchmark
0.4%
0.8%
1.9%
3.6%
About the Fund

Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl is a hybrid fund. This fund was started on  19 June, 2020. The fund is managed by Mahendra Jajoo, Jignesh Rao, Jigar Shethia. This fund gives you the benefit of diversification.

Key parameters

1) Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl has a NAV of 10.994 as on 03-10-2022.

2) Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl has 386 Cr worth of assets under management (AUM) as on 31-08-2022 and is less than category average.

3) The fund has an expense ratio 0.37 %.

Fund Overview

Expense ratio
Expense ratio
0.37%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹386 Cr
Inception Date
Inception Date
19 June, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
550.88%

Fund Distribution

  • Debt & Cash 100%
Credit rating breakup
AAA
100%

Sector Allocation

Aug'22

Jul'22

Jun'22

Cash Equivalent

87.2%

Government

12.8%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings104
Equity Holdings100
Debt Holdings4
Holdings
Weight%
Holdings Trend
1M Change
icon
6.84% Govt Stock 2022
7.8%
0%
icon
Future on Kotak Mahindra Bank Ltd
4.09%
100%
icon
Kotak Mahindra Bank Ltd
4.07%
100%
icon
3.96% Govt Stock 2022
3.88%
0%
icon
6.18% Govt Stock 2024
3.86%
0%

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 3.7 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 385.5 Cr
Jul'22
₹ 389.3 Cr
Jun'22
₹ 395.6 Cr

Fund Returns vs Benchmark

Aug'22
0.07%
-0.05%
Jul'22
0.07%
-0.05%
Jun'22
0.29%
0.32%
Fund Return
Benchmark Return

Fund Manager

Mahendra Jajoo

Mahendra Jajoo

Managing this fund since 19 June 2020

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Savings Fund Direct Plan Growth
5.11%
4.96%
Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
15.48%
14.29%
Mirae Asset Equity Savings Fund Direct Growth
12.63%
8.72%
Jignesh Rao

Jignesh Rao

Managing this fund since 19 June 2020

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Arbitrage Fund Direct Growth
0%
3.84%
Jigar Shethia

Jigar Shethia

Managing this fund since 19 June 2020

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Arbitrage Fund Direct Growth
0%
3.84%

AMC details

Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Fund House
Mirae Asset Investment Managers (India) Private Limited

Fund Highlights

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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 4.23% since inception which is less than its category average return of 5.03%
AUM size ₹386 Cr

AUM size ₹386 Cr

This fund has AUM of ₹386 Cr which is less than its category average of ₹ 3302 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 0.72%

Frequently Asked Questions

The current NAV of Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl is 10.98.
Existing (Absolute + CAGR)
Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl
Absolute Returns
CAGR Returns
1 Month Returns
0.47%
0.47%
6 Month Returns
2.15%
2.15%
1 Year Returns
4.16%
4.16%
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.
0.37 as on September 2022
386 Cr as on September 2022
Kotak Mahindra Bank Ltd(4.07%),Sun TV Network Ltd(3.83%),Adani Ports & Special Economic Zone Ltd(3.22%),Axis Bank Ltd(2.83%),Dalmia Bharat Ltd(2.57%) as on September 2022
Cash Equivalent(87.4%),Government(12.88%),Real Estate(-0%) as on September 2022
AAA
100
Mahendra Jajoo,Jigar Shethia,Jignesh Rao are the fund managers of Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl
The Exit load of Mirae Asset Arbitrage Fund Direct Reinvestment of Income Dis cum Cptl Wrdl is 0.25%