Fund Details
Mahindra Manulife Arbitrage Yojana Direct Dividend
| Risk | Moderately Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.33% |
| NAV | ₹10.13 (15 Jan 2021) |
|---|---|
| Fund Started | 24 Aug 2020 |
| Fund Size | ₹55 Cr |
Comparison
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Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Mahindra Manulife Liquid Fund Direct -Growth | Financial | Mutual Fund | 25.6% |
| Reliance Industries Ltd. | Energy | Equity | 9.9% |
| Infosys Ltd. | Technology | Equity | 9.5% |
| Jindal Steel & Power Ltd. | Metals | Equity | 7.5% |
| Bharti Airtel Ltd. | Communication | Equity | 6.3% |
| ICICI Bank Ltd. | Financial | Equity | 5.8% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 4.8% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 4.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.3% |
| Vedanta Ltd. | Metals | Equity | 3.5% |
Fund Managers
Mahindra Manulife Arbitrage Yojana Direct Dividend Details
Mahindra Manulife Arbitrage Yojana Direct Dividend is a Hybrid Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 24 Aug 2020. Rahul Pal is the Current Fund Manager of Mahindra Manulife Arbitrage Yojana Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹55 Cr and the Latest NAV as of 15 Jan 2021 is ₹10.13.
The Mahindra Manulife Arbitrage Yojana Direct Dividend is rated Moderately Low risk. 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.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
