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Mirae Asset Arbitrage Fund Direct Growth

Hybrid
Arbitrage
Low Risk
0.38%
1M return
-0.08% 1D
1M
6M
1Y
All
NAV: 06 Jul 2022₹10.86
Min. SIP amount₹1,000
RatingNA
Fund size₹405.13Cr

Returns and rankings

Category: Hybrid Arbitrage
Absolute returns
3M6M1YAll
Fund returns0.9%2.0%4.0%8.6%
Category averageNANA3.3%NA
Rank with in category171012NA
Understand terms

Holdings (58)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec7.5%
Bharti Airtel Ltd.CommunicationEquity4.0%
GOI
SovereignGOI Sec3.7%
GOISovereignGOI Sec3.7%
Infosys Ltd.TechnologyEquity3.6%
Sun TV Network Ltd.ServicesEquity3.2%
HDFC Bank Ltd.FinancialEquity2.9%
Tata Motors Ltd.AutomobileEquity2.9%
Adani Ports and Special Economic Zone Ltd.ServicesEquity2.7%
Zee Entertainment Enterprises Ltd.ServicesEquity2.5%
See All

Expense ratio, exit load and tax

Expense ratio: 0.37%

Inclusive of GST

Exit load

0.25% exit load if redeemed within 30 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Mahendra Kumar Jajoo
Jun 2020 - Present
View details

Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Also manages these schemes

Jigar Shethia
Jun 2020 - Present
View details

Education
Mr. Shethia is a BCOM & CFA Level 3
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with Sushil Financial Services Pvt Ltd as Assistant Manager – Equity.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
Website
NA
Amc Image
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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FAQs

How to Invest in Mirae Asset Arbitrage Fund Direct Growth?

You can easily invest in Mirae Asset Arbitrage Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Mirae Asset Arbitrage Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Mirae Asset Arbitrage Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Arbitrage Fund Direct Growth provide?

The Mirae Asset Arbitrage Fund Direct Growth has been there from 19 Jun 2020 and the average annual returns provided by this fund is 4.00% since its inception.

How much expense ratio is charged by Mirae Asset Arbitrage Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Arbitrage Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Mirae Asset Arbitrage Fund Direct Growth is 0.37% as of 07 Jul 2022...

What is the AUM of Mirae Asset Arbitrage Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Arbitrage Fund Direct Growth is ₹405.13Cr as of 07 Jul 2022.

How to Redeem Mirae Asset Arbitrage Fund Direct Growth?

If you want to sell your Mirae Asset Arbitrage Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Arbitrage Fund Direct Growth?

You can select either SIP or Lumpsum investment of Mirae Asset Arbitrage Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Arbitrage Fund Direct Growth?

The NAV of Mirae Asset Arbitrage Fund Direct Growth is ₹10.86 as of 06 Jul 2022.

What is the PE and PB ratio of Mirae Asset Arbitrage Fund Direct Growth?

The PE ratio ratio of Mirae Asset Arbitrage Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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