Fund Details
Mahindra Manulife Arbitrage Yojana Regular Growth
| Risk | Moderately Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.19% |
| NAV | ₹10.06 (02 Dec 2020) |
|---|---|
| Fund Started | 24 Aug 2020 |
| Fund Size | ₹92 Cr |
Comparison
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Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 16.2% |
| Mahindra Manulife Liquid Fund Direct -Growth | Financial | Mutual Fund | 11.4% |
| Bharti Airtel Ltd. | Communication | Equity | 9.7% |
| Reliance Industries Ltd. | Energy | Equity | 9.4% |
| Infosys Ltd. | Technology | Equity | 5.8% |
| Indusind Bank Ltd. | Financial | Equity | 5.8% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 5.0% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 5.0% |
| Jindal Steel & Power Ltd. | Metals | Equity | 4.8% |
| ICICI Bank Ltd. | Financial | Equity | 3.9% |
Fund Managers
Mahindra Manulife Arbitrage Yojana Regular Growth Details
Mahindra Manulife Arbitrage Yojana Regular 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 Regular Growth fund.The fund currently has an Asset Under Management(AUM) of ₹92 Cr and the Latest NAV as of 02 Dec 2020 is ₹10.06.
The Mahindra Manulife Arbitrage Yojana Regular Growth 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.
