|Min SIP Amount||₹1000|
|NAV||₹10.16 (24 Nov 2020)|
|Fund Started||19 Jun 2020|
|Fund Size||₹241 Cr|
|Sun Pharmaceutical Inds. Ltd.||Healthcare||Equity||5.1%|
|Apollo Hospitals Enterprise Ltd.||Healthcare||Equity||4.4%|
|Federal Bank Ltd.||Financial||Fixed Deposits||4.1%|
|ICICI Bank Ltd.||Financial||Equity||4.0%|
|Bharti Airtel Ltd.||Communication||Equity||3.8%|
|Jubilant FoodWorks Ltd.||Services||Equity||3.3%|
|Reliance Industries Ltd.||Energy||Equity||3.2%|
|Bajaj Auto Ltd||Automobile||Equity||3.2%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||3.1%|
Mirae Asset Arbitrage Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 19 Jun 2020. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Arbitrage Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹241 Cr and the Latest NAV as of 24 Nov 2020 is ₹10.16.
The Mirae Asset Arbitrage Fund Direct Dividend is rated Moderately Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. 0.25% exit load if redeemed within 30 days.
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets 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.