Name	Sector	Instruments	Assets
Mahindra Manulife Low Duration Fund Direct - Growth	NA	Mutual Fund	18.98%
Axis Bank Ltd.	Financial	Equity	8.12%
Ultratech Cement Ltd.	Construction	Equity	7.83%
Tata Power Company Ltd.	Energy	Equity	7.44%
Larsen & Toubro Ltd.	Construction	Equity	6.82%
Mahindra Manulife Liquid Fund Direct -Growth	NA	Mutual Fund	6.80%
Reliance Industries Ltd.	Energy	Equity	4.89%
Titan Company Ltd.	Consumer Discretionary	Equity	4.66%
Tata Steel Ltd.	Metals & Mining	Equity	4.05%
Indus Towers Ltd.	Communication	Equity	3.15%
Bajaj Finance Ltd.	Financial	Equity	2.69%
Bharti Airtel Ltd.	Communication	Equity	2.53%
Bajaj Finserv Ltd.	Financial	Equity	2.42%
Hindalco Industries Ltd.	Metals & Mining	Equity	1.96%
Vedanta Ltd.	Metals & Mining	Equity	1.82%
Canara Bank	Financial	Equity	1.77%
Kotak Mahindra Bank Ltd.	Financial	Equity	1.77%
Eternal Ltd.	Services	Equity	1.68%
HDFC Bank Ltd.	Financial	Equity	1.60%
Sun Pharmaceutical Industries Ltd.	Healthcare	Equity	1.48%
JIO Financial Services Ltd.	Financial	Equity	1.25%
HDFC Life Insurance Co Ltd.	Insurance	Equity	0.87%
NTPC Ltd.	Energy	Equity	0.57%
ITC Ltd.	Consumer Staples	Equity	0.37%
Cipla Ltd.	Healthcare	Equity	0.33%
Bajaj Finance Ltd.	Financial	Futures	-0.09%
Cipla Ltd.	Healthcare	Futures	-0.13%
Cipla Ltd.	Healthcare	Futures	-0.20%
ITC Ltd.	Consumer Staples	Futures	-0.38%
NTPC Ltd.	Energy	Futures	-0.57%
Tata Steel Ltd.	Metals & Mining	Futures	-0.76%
HDFC Life Insurance Co Ltd.	Insurance	Futures	-0.88%
JIO Financial Services Ltd.	Financial	Futures	-1.26%
Sun Pharmaceutical Industries Ltd.	Healthcare	Futures	-1.49%
HDFC Bank Ltd.	Financial	Futures	-1.61%
Eternal Ltd.	Services	Futures	-1.69%
Kotak Mahindra Bank Ltd.	Financial	Futures	-1.78%
Canara Bank	Financial	Futures	-1.78%
Vedanta Ltd.	Metals & Mining	Futures	-1.83%
Hindalco Industries Ltd.	Metals & Mining	Futures	-1.97%
Bajaj Finserv Ltd.	Financial	Futures	-2.43%
Bharti Airtel Ltd.	Communication	Futures	-2.55%
Bajaj Finance Ltd.	Financial	Futures	-2.62%
Indus Towers Ltd.	Communication	Futures	-3.17%
Tata Steel Ltd.	Metals & Mining	Futures	-3.33%
Titan Company Ltd.	Consumer Discretionary	Futures	-4.68%
Reliance Industries Ltd.	Energy	Futures	-4.91%
Larsen & Toubro Ltd.	Construction	Futures	-6.87%
Tata Power Company Ltd.	Energy	Futures	-7.49%
Ultratech Cement Ltd.	Construction	Futures	-7.89%
Axis Bank Ltd.	Financial	Futures	-8.17%

See All

Minimum investments

Min. for 1st investment

₹1,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹500

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+6.2%	+6.6%	+5.5%	+5.4%
Category average (Hybrid Arbitrage)	+6.1%	+6.8%	+5.6%	--
Rank (Hybrid Arbitrage)	30	25	23	--

Exit load, stamp duty and tax

Exit load

Exit load of 0.25%, if redeemed within 30 days.

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

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.

Check past data

Compare similar funds

	Name	1Y	3Y	Fund Size(Cr)
	Invesco India Arbitrage Fund Direct Growth	+7.13%	+7.84%	27,391.89
	Tata Arbitrage Fund Direct Growth	+7.23%	+7.84%	20,154.23
	Aditya Birla Sun Life Arbitrage Fund Direct Growth	+7.18%	+7.77%	24,255.89
	Bandhan Arbitrage Fund Direct Growth	+6.97%	+7.72%	8,747.55
	SBI Arbitrage Opportunities Fund Direct Growth	+7.02%	+7.71%	41,082.90
Compare

Fund management

RP
Rahul Pal
Aug 2020 - Present
View details

Education

Mr. Pal is a B.Com (H) and Chartered Accountant.

Experience

Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Also manages these schemes

Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth

Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Mahindra Manulife Liquid Fund Direct Growth

Mahindra Manulife Overnight Fund Direct Growth

Mahindra Manulife Ultra Short Duration Fund Direct Growth

Mahindra Manulife Arbitrage Fund Direct Growth

NM
Navin Matta
Oct 2024 - Present
View details

Education

PGDBA

Experience

Prior to Joining the Mahindra Manulife Investment Management Pvt Ltd. He has worked with BOB Capita, SAFE Enterprises,Bajaj Allianz Life Insurance, HDFC Securities and Daiwa Capital.

Also manages these schemes

Mahindra Manulife Consumption Fund Direct Growth

Mahindra Manulife Arbitrage Fund Direct Growth

Mahindra Manulife Manufacturing Fund Direct Growth

MD
Mitul Doshi
May 2025 - Present
View details

Education

Diploma in Electronics & Communication

Experience

Prior to joining Mahindra Manulife AMC, he was associated with Edelweiss AMC, Way2wealth Brokers Pvt ltd.

Also manages these schemes

Mahindra Manulife Arbitrage Fund Direct Growth

Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth

About Mahindra Manulife Arbitrage Fund Direct Growth

Mahindra Manulife Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 04 Feb 2016. Rahul Pal is the Current Fund Manager of Mahindra Manulife Arbitrage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and the Latest NAV as of 09 Jan 2026 is ₹13.25. The Mahindra Manulife Arbitrage Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹1,000. Exit load of 0.25%, if redeemed within 30 days. ;

Investment Objective

The scheme seeks to generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

Fund benchmarkNIFTY 50 Arbitrage Total Return Index

Scheme Information Document(SID)