MIRAE ASSET
ARBITRAGE FUND - (MAAF) $
(Arbitrage Fund - An open ended scheme investing in arbitrage opportunities)
| Type of Scheme | Arbitrage Fund - An open ended scheme investing in arbitrage opportunities |
| Investment Objective | The investment objective of the scheme is 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. There is no assurance or guarantee that the investment objective of the scheme will be realized. |
Fund Manager** |
Mr. Jignesh Rao (Equity portion) (since June 19, 2020), Mr. Jigar Sethia (Equity portion) (since June 19, 2020) & Mr. Mahendra Jajoo (Debt portion) (since June 19, 2020) |
| Allotment Date | 19 June, 2020 |
| Benchmark Index | NIFTY 50 Arbitrage Index |
| Minimum Investment Amount |
₹ 5,000/- and inmultiples of ₹ 1/- thereafter Minimum Additional Application Amount: ₹ 1,000/- per application and inmultiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: ₹ 1,000/- (multiples of ₹ 1/- thereafter), minimum 5 installments |
| Load Structure | Entry load: NA Exit Load: 0.25% if redeemed or switched out within 30 days from the date of allotment Nil after 30 days |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and Dividend Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on February 28, 2021 | 284.89 |
| Net AUM (₹ Cr.) |
292.18 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) aas on February 28, 2021 |
Regular Plan: 1.09% Direct Plan: 0.42% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 10.261 | ₹ 10.213 |
| Dividend | ₹ 10.261 | ₹ 10.212 |
| New Position Bought |
| Cement |
| ACC Limited |
| Pharmaceuticals |
| Aurobindo Pharma Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Consumer Non Durables |
| Hindustan Unilever Limited |
| Britannia Industries Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Software |
| Info Edge (India) Limited |
| Tata Consultancy Services Limited |
| Banks |
| Kotak Mahindra Bank Limited |
| Finance |
| SBI Life Insurance Company Limited |
| Positions Exited |
| Stock |
| Auto |
| Ashok Leyland Limited |
| Consumer Non Durables |
| ITC Limited |
| Asian Paints Limited |
| Dabur India Limited |
| Banks |
| Axis Bank Limited |
| The Federal Bank Limited |
| Finance |
| Bajaj Finance Limited |
| ICICI Lombard General Insurance Company Limited |
| Max Financial Services Limited |
| Pharmaceuticals |
| Divi's Laboratories Limited |
| Cement |
| Grasim Industries Limited |
| UltraTech Cement Limited |
| Ferrous Metals |
| JSW Steel Limited |
| Construction Project |
| Larsen & Toubro Limited |
| Software |
| Tech Mahindra Limited |
| Telecom - Services |
| Vodafone Idea Limited |
| Positions Increased |
| Stock |
| Auto |
| Bajaj Auto Limited |
| Cement |
| Ambuja Cements Limited |
| Chemicals |
| Tata Chemicals Limited |
| Consumer Non Durables |
| Tata Consumer Products Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Gas |
| Petronet LNG Limited |
| Pharmaceuticals |
| Sun Pharmaceutical Industries Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Consumer Durables |
| Titan Company Limited |
| Consumer Non Durables |
| Nestle India Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Reliance Industries Limited |
| Transportation |
| Adani Ports and Special Economic Zone Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| ICICI Bank Ltd | 6.86% | |
| State Bank of India | 4.57% | |
| Kotak Mahindra Bank Ltd | 1.58% | |
| Consumer Non Durables | ||
| Hindustan Unilever Ltd | 3.20% | |
| Nestle India Ltd | 2.34% | |
| Britannia Industries Ltd | 1.66% | |
| Tata Consumer Products Ltd | 0.03% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 6.21% | |
| SBI Life Insurance Company Ltd | 0.36% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Ltd | 6.19% | |
| Consumer Durables | ||
| Titan Company Ltd | 5.81% | |
| Petroleum Products | ||
| Hindustan Petroleum Corporation Ltd | 1.95% | |
| Bharat Petroleum Corporation Ltd | 1.94% | |
| Reliance Industries Ltd* | 1.75% | |
| Cement | ||
| ACC Ltd | 2.73% | |
| Ambuja Cements Ltd | 1.88% | |
| Chemicals | ||
| Tata Chemicals Ltd | 4.61% | |
| Software | ||
| Info Edge (India) Ltd | 2.35% | |
| Tata Consultancy Services Ltd | 1.28% | |
| Pharmaceuticals | ||
| Aurobindo Pharma Ltd | 2.15% | |
| Sun Pharmaceutical Industries Ltd | 1.08% | |
| Dr. Reddy's Laboratories Ltd | 0.30% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 1.75% | |
| Auto | ||
| Bajaj Auto Ltd | 1.43% | |
| Power | ||
| NTPC Ltd | 1.38% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 1.16% | |
| Gas | ||
| Petronet LNG Ltd | 1.00% | |
| Media & Entertainment | ||
| Sun TV Network Ltd | 0.78% | |
| Equity Holding Total | 68.32% | |
| Equity Futures | ||
| Tata Consumer Products Ltd | -0.03% | |
| Dr. Reddy's Laboratories Ltd | -0.30% | |
| SBI Life Insurance Company Ltd | -0.36% | |
| Sun TV Network Ltd | -0.79% | |
| Petronet LNG Ltd | -1.00% | |
| Sun Pharmaceutical Industries Ltd | -1.09% | |
| Bharti Airtel Ltd | -1.17% | |
| Tata Consultancy Services Ltd | -1.28% | |
| NTPC Ltd | -1.39% | |
| Bajaj Auto Ltd | -1.44% | |
| Kotak Mahindra Bank Ltd | -1.59% | |
| Britannia Industries Ltd | -1.67% | |
| Reliance Industries Ltd* | -1.75% | |
| Tata Steel Ltd | -1.76% | |
| Ambuja Cements Ltd | -1.89% | |
| Bharat Petroleum Corporation Ltd | -1.95% | |
| Hindustan Petroleum Corporation Ltd | -1.95% | |
| Aurobindo Pharma Ltd | -2.16% | |
| Nestle India Ltd | -2.35% | |
| Info Edge (India) Ltd | -2.36% | |
| ACC Ltd | -2.74% | |
| Hindustan Unilever Ltd | -3.22% | |
| State Bank of India | -4.59% | |
| Tata Chemicals Ltd | -4.63% | |
| Titan Company Ltd | -5.83% | |
| Adani Ports and Special Economic Zone Ltd | -6.23% | |
| Housing Development Finance Corporation Ltd | -6.26% | |
| ICICI Bank Ltd | -6.92% | |
| Equity Futures Total | -68.70% | |
| Cash & Other Receivables | 100.38% | |
| Total | 100.00% | |
*Includes "Partly Paid Shares"
| Returns (%) | ||||
| SI | ||||
| MAAF | 3.09 |
|||
| Scheme Benchmark* | 2.49 |
|||
| Additional Benchmark** | 3.55 |
|||
| NAV as on 26th Febraury, 2021 | 10,213 | |||
| Index Value (26th February, 2021) | Index Value of benchmark is 1,936.27 and CRISIL 1 Year T-Bill Index is 6,078.67. | |||
| Allotment Date | 19th June, 2020 | |||
| Scheme Benchmark | *Nifty 50 Arbitrage Index | |||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Saving Plan - Growth Option.
2. Fund manager : Mr. Jignesh Rao (since June 19, 2020), Mr. Jigar Sethia (since June 19, 2020) and Mr. Mahendra Jajoo (Debt Portion) (since June 19, 2020)
This product is suitable for investors who are seeking*
• Income over short term
• Investments predominantly in arbitrage opportunities in the cash and derivative segments and the arbitrage opportunities available within the derivative segment
. Degree of risk - LOW
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : Since the scheme is in existence for less than 1 year, as per SEBI regulation performance of the scheme has not been shown.The performance of other funds managed by the same fund managers are given in the respective page of the schemes 