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Mirae Asset Arbitrage Fund Direct Dividend+0.09%

0.00%
1 Year Return
Hybrid
Arbitrage
6M
All

Fund Details

Mirae Asset Arbitrage Fund Direct Dividend

RiskLow
Min SIP Amount₹1000
Expense Ratio0.41%
NAV₹10.26 (04 Mar 2021)
Fund Started19 Jun 2020
Fund Size280 Cr

Comparison

Data not available
Pros
1. Lower expense ratio - 0.41%
Cons
1. Age is less than 3 years

Top Holdings

NameSectorInstrument% Assets
Adani Ports and Special Economic Zone Ltd.ServicesEquity6.6%
ICICI Bank Ltd.FinancialEquity5.5%
Sun Pharmaceutical Inds. Ltd.HealthcareEquity5.2%
Federal Bank Ltd.FinancialFixed Deposits4.1%
Bajaj Auto LtdAutomobileEquity3.8%
Tata Consumer Products Ltd.FMCGEquity3.3%
Tata Steel Ltd.MetalsEquity3.1%
Housing Development Finance Corpn. Ltd.FinancialEquity3.0%
Reliance Industries Ltd.EnergyEquity2.9%
Larsen & Toubro Ltd.ConstructionEquity2.7%
See All

Fund Managers

Mahendra Kumar Jajoo
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Mirae Asset Arbitrage Fund Direct Dividend Details

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 ₹280 Cr and the Latest NAV as of 04 Mar 2021 is ₹10.26.

The Mirae Asset Arbitrage Fund Direct Dividend is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. 0.25% exit load if redeemed within 30 days.

Investment Objective

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.

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
0.25% exit load if redeemed within 30 days.
Exit Load

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About Mirae Asset Mutual Fund

Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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