|Min SIP Amount||₹1000|
|NAV||₹10.48 (23 Jul 2021)|
|Fund Started||19 Jun 2020|
|Fund Size||₹316 Cr|
|Sun TV Network Ltd.||Services||Equity||5.2%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||4.8%|
|ICICI Bank Ltd.||Financial||Equity||4.4%|
|Tata Steel Ltd.||Metals||Equity||4.0%|
|Tata Power Company Ltd.||Energy||Equity||4.0%|
|Amara Raja Batteries Ltd.||Engineering||Equity||3.7%|
|Godrej Consumer Products Ltd.||FMCG||Equity||3.7%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.6%|
|Bharti Airtel Ltd.||Communication||Equity||3.5%|
|Divi's Laboratories Ltd.||Healthcare||Equity||3.4%|
Mirae Asset Arbitrage Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹316 Cr and the Latest NAV as of 23 Jul 2021 is ₹10.48.
The Mirae Asset Arbitrage Fund Direct Growth 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.
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.