|Min SIP Amount||₹500|
|NAV||₹10.23 (16 Apr 2021)|
|Fund Started||24 Aug 2020|
|Fund Size||₹30 Cr|
|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%|
|Tata Consultancy Services Ltd.||Technology||Equity||4.4%|
Mahindra Manulife Arbitrage Yojana Direct Growth 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 Growth 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 Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 1000. Exit load of 0.25%, if redeemed within 30 days.
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.
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.