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Mirae Asset Arbitrage Fund Direct Growth+0.07%

4.53%
1 Year Return
Hybrid
Arbitrage
6M
1Y
All

Fund Details

Mirae Asset Arbitrage Fund Direct Growth

RiskLow
Min SIP Amount₹1000
Expense Ratio0.43%
NAV₹10.48 (23 Jul 2021)
Fund Started19 Jun 2020
Fund Size316 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
4.5%
-
-
-
Category Average
3.3%
4.7%
5.2%
-
Rank Within Category
12
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Would have become
0
with 4.5% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.42%
2. 1Y Returns are higher than the category average returns
Cons
1. Age is less than 3 years

Top Holdings

NameSectorInstrument% Assets
Sun TV Network Ltd.ServicesEquity5.2%
Adani Ports and Special Economic Zone Ltd.ServicesEquity4.8%
ICICI Bank Ltd.FinancialEquity4.4%
Tata Steel Ltd.MetalsEquity4.0%
Tata Power Company Ltd.EnergyEquity4.0%
Amara Raja Batteries Ltd.EngineeringEquity3.7%
Godrej Consumer Products Ltd.FMCGEquity3.7%
Tata Consultancy Services Ltd.TechnologyEquity3.6%
Bharti Airtel Ltd.CommunicationEquity3.5%
Divi's Laboratories Ltd.HealthcareEquity3.4%
See All

Fund Managers

Mahendra Kumar Jajoo
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Jigar Shethia
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Mirae Asset Arbitrage Fund Direct Growth Details

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.

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
Website
NA
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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