Overview
Mirae Asset Arbitrage Fund Direct Growth
Mirae Asset Mutual Fund
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
Investments in Mirae Asset Arbitrage Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 13.347
Fund Size (AUM)
₹3111.29 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹99
Launch Date
19-Jun-2020
Expense Ratio
0.13%
Exit Load
Exit load of 0.25%, if redeemed within 15 days.
Benchmark
NIFTY 50 Arbitrage Total Return Index
Standard Deviation
0.57
History
Performance & Ratios
1-Year SIP Return
8.13%
3-Year SIP Return
8.01%
5-Year SIP Return
N/A
Mean Return
N/A
Alpha
2.5
Beta
0.75
Sharpe Ratio
1.63
Sortino Ratio
2.02
Information Ratio
6.01
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.75% | 7.37% | N/A | N/A |
| Category Average | 6.91% | 6.5% | 5.26% | N/A |
| Rank Within Category | 10 | 8 | N/A | N/A |
Holdings (303)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Mirae Asset Liquid Fund Direct- Growth | None | Mutual Fund | 9.15% |
| State Bank of India | Financial | Equity | 1.56% |
| Mirae Asset Money Market Fund Direct - Growth | None | Mutual Fund | 1.47% |
| HDFC Bank Ltd. | Financial | Equity | 1.41% |
| JIO Financial Services Ltd. | Financial | Equity | 1.31% |
| Britannia Industries Ltd. | Consumer Staples | Equity | 1.26% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 1.25% |
| Vedanta Ltd. | Metals & Mining | Equity | 1.19% |
| Bharti Airtel Ltd. | Communication | Equity | 1.14% |
| Hindalco Industries Ltd. | Metals & Mining | Equity | 1.06% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Invesco India Arbitrage Fund Direct Growth | 19675.15 | 7.88 | 7.69 | 0.39 | N/A |
| Kotak Equity Arbitrage Fund Direct Growth | 60373.17 | 7.9 | 7.59 | 0.44 | N/A |
| Tata Arbitrage Fund Direct Growth | 12789.92 | 7.88 | 7.47 | 0.3 | N/A |
| Aditya Birla Sun Life Arbitrage Fund Direct Growth | 14236.09 | 7.87 | 7.41 | 0.31 | N/A |
| Nippon India Arbitrage Fund Direct Growth | 13733.37 | 7.66 | 7.36 | 0.35 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 99
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
AMC Details
Asset Management Company
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund started their mutual fund on 30/11/2007 and its managing total assets of ₹11,044 Cr. Its ranked at 22 as per total assets at end of 30th Sep 2017. Mirae Asset Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Mirae Asset is a global financial company which is present across 12 countries and 5 continents. The company was founded in 1997 and since then pioneered to become a global presence.
Mirae believes that they are the best investment choice because of their strong investment philosophy, and niche to understand comparative advantage of various companies to make a sustainable and long- lasting decision for investors. They always believe in investing with a long term goal to sustainability in the market.
They believe in assessing risk in a way that it ultimately optimizes returns of investors. They constantly monitor the valuation, liquidity and corporate governance so that any risk can be mitigated. As a global brand it has obtained the trust of investors and has made a mark for itself in the mutual fund industry.
Launch Date
2007-11-30T00:00:00.381Z
Total AUM
₹ 183685.26 Cr
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Mirae Asset Arbitrage Fund Direct Growth
Mirae Asset Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Mirae Asset Arbitrage Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Mirae Asset Arbitrage Fund Direct Growth?
The top stocks held by Mirae Asset Arbitrage Fund Direct Growth include Mirae Asset Liquid Fund Direct- Growth, State Bank of India, Mirae Asset Money Market Fund Direct - Growth.
Which industries does Mirae Asset Arbitrage Fund Direct Growth invest in?
Mirae Asset Arbitrage Fund Direct Growth primarily invests in the following industries: None, Financial, Consumer Staples.
Who is the fund manager of Mirae Asset Arbitrage Fund Direct Growth?
The fund manager of Mirae Asset Arbitrage Fund Direct Growth is Amit Modani.
How many years has the fund manager been managing Mirae Asset Arbitrage Fund Direct Growth?
Amit Modani: Calculating...
What is the minimum investment for Mirae Asset Arbitrage Fund Direct Growth?
The minimum investment for Mirae Asset Arbitrage Fund Direct Growth is ₹5000 for lumpsum investments and ₹99 for SIPs.
What are the average 1-year returns for Mirae Asset Arbitrage Fund Direct Growth?
Calculating...
What are the average 3-year returns for Mirae Asset Arbitrage Fund Direct Growth?
Calculating...
What is the expense ratio of Mirae Asset Arbitrage Fund Direct Growth, and how does it compare to its category?
The expense ratio of Mirae Asset Arbitrage Fund Direct Growth is 0.13%. The average expense ratio for similar funds in the Hybrid is Calculating....