Fund Details
Mahindra Manulife Arbitrage Yojana Direct IDCW
| Risk | Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.31% |
| NAV | ₹10.23 (16 Apr 2021) |
|---|---|
| Fund Started | 24 Aug 2020 |
| Fund Size | ₹30 Cr |
Comparison
1. Lower expense ratio - 0.31%
1. Asset under management(AUM) is less than 200 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Mahindra Manulife Liquid Fund Direct -Growth | Financial | Mutual Fund | 15.8% |
| ICICI Bank Ltd. | Financial | Equity | 7.4% |
| Asian Paints Ltd. | Chemicals | Equity | 7.1% |
| Jindal Steel & Power Ltd. | Metals | Equity | 6.8% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 6.4% |
| Tata Power Co. Ltd. | Energy | Equity | 6.0% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 5.8% |
| Reliance Industries Ltd. | Energy | Equity | 5.6% |
| Infosys Ltd. | Technology | Equity | 5.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.4% |
Fund Managers
Mahindra Manulife Arbitrage Yojana Direct IDCW Details
Mahindra Manulife Arbitrage Yojana Direct IDCW 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 IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹30 Cr and the Latest NAV as of 16 Apr 2021 is ₹10.23.
The Mahindra Manulife Arbitrage Yojana Direct IDCW is rated 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.
