Fund Details
Mirae Asset Arbitrage Fund Regular Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.09% |
| NAV | ₹10.28 (16 Apr 2021) |
|---|---|
| Fund Started | 19 Jun 2020 |
| Fund Size | ₹292 Cr |
Comparison
Found nothing so far.
1. Age is less than 3 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 6.4% |
| State Bank of India | Financial | Equity | 4.8% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.3% |
| L&T Technology Services Ltd. | Engineering | Equity | 4.1% |
| ICICI Bank Ltd. | Financial | Equity | 3.9% |
| Tata Power Co. Ltd. | Energy | Equity | 3.6% |
| Federal Bank Ltd. | Financial | Fixed Deposits | 3.4% |
| Indus Towers Ltd. | Communication | Equity | 3.3% |
| Tata Chemicals Ltd. | Chemicals | Equity | 3.2% |
| Sun TV Network Ltd. | Services | Equity | 3.2% |
Fund Managers
Mirae Asset Arbitrage Fund Regular Growth Details
Mirae Asset Arbitrage Fund Regular 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 Regular Growth fund.The fund currently has an Asset Under Management(AUM) of ₹292 Cr and the Latest NAV as of 16 Apr 2021 is ₹10.28.
The Mirae Asset Arbitrage Fund Regular 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.
