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 | 19th 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 in case of Monthly or 3 in case of Quarterly option. |
| 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 IDCW^ Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on October 31, 2022 | 376.07 |
| Net AUM (₹ Cr.) |
375.85 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on October 31, 2022 |
Regular Plan: 1.09% Direct Plan: 0.35% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 11.027 | ₹ 10.848 |
| IDCW^ | ₹ 11.020 | ₹ 10.847 |
| Portfolio Turnover Ratio | 12.48 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 31st October, 2022. ^Basis last rolling 12 months. |
|
Weighted Average Maturity |
0.63 Years |
Modified Duration |
0.58 Years |
Macaulay Duration |
0.61 Years |
Yield to Maturity |
6.51% |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 2.78% |
| ICICI Bank Ltd | 1.96% |
| State Bank of India | 1.83% |
| IndusInd Bank Ltd | 0.55% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 2.92% |
| Biocon Ltd | 1.57% |
| Laurus Labs Ltd | 1.40% |
| Zydus Lifesciences Ltd | 0.15% |
| Abbott India Ltd | 0.04% |
| IT - Software | |
| Infosys Ltd | 2.03% |
| HCL Technologies Ltd | 1.65% |
| Tata Consultancy Services Ltd | 1.40% |
| Birlasoft Ltd | 0.65% |
| Entertainment | |
| Sun TV Network Ltd | 4.09% |
| Zee Entertainment Enterprises Ltd | 1.32% |
| Insurance | |
| HDFC Life Insurance Company Ltd | 2.12% |
| SBI Life Insurance Company Ltd | 1.74% |
| ICICI Prudential Life Insurance Company Ltd | 0.38% |
| ICICI Lombard General Insurance Company Ltd | 0.30% |
| Max Financial Services Ltd | 0.17% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 3.23% |
| Fertilizers & Agrochemicals | |
| UPL Ltd | 2.10% |
| PI Industries Ltd | 0.91% |
| Cement & Cement Products | |
| Dalmia Bharat Ltd | 1.60% |
| Ambuja Cements Ltd | 1.35% |
| UltraTech Cement Ltd | 0.04% |
| Beverages | |
| United Spirits Ltd | 2.98% |
| Personal Products | |
| Dabur India Ltd | 1.55% |
| Godrej Consumer Products Ltd | 1.32% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.34% |
| Mahindra & Mahindra Ltd | 1.28% |
| Finance | |
| REC Ltd | 1.66% |
| Piramal Enterprises Ltd | 0.79% |
| Can Fin Homes Ltd | 0.11% |
| Consumer Durables | |
| Titan Company Ltd | 1.87% |
| Voltas Ltd | 0.55% |
| Gas | |
| Indraprastha Gas Ltd | 1.72% |
| Petronet LNG Ltd | 0.69% |
| Chemicals & Petrochemicals | |
| Tata Chemicals Ltd | 1.36% |
| SRF Ltd | 0.97% |
| Capital Markets | |
| Multi Commodity Exchange of India Ltd | 1.23% |
| Indian Energy Exchange Ltd | 0.94% |
| Electrical Equipment | |
| Siemens Ltd | 1.93% |
| Aerospace & Defense | |
| Hindustan Aeronautics Ltd | 1.69% |
| Power | |
| Tata Power Company Ltd | 1.62% |
| Telecom - Services | |
| Tata Communications Ltd | 1.47% |
| Diversified FMCG | |
| ITC Ltd | 1.37% |
| Petroleum Products | |
| Reliance Industries Ltd | 1.36% |
| Retailing | |
| Info Edge (India) Ltd | 1.34% |
| Food Products | |
| Nestle India Ltd | 1.32% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.83% |
| Hindustan Copper Ltd | 0.07% |
| Ferrous Metals | |
| Tata Steel Ltd | 0.59% |
| Jindal Steel & Power Ltd | 0.11% |
| Realty | |
| Godrej Properties Ltd | 0.55% |
| Industrial Products | |
| Astral Ltd | 0.52% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.37% |
| Healthcare Services | |
| Syngene International Ltd | 0.12% |
| Equity Holding Total | 73.88% |
| Equity Futures | |
| UltraTech Cement Ltd November 2022 Future | -0.04% |
| Abbott India Ltd November 2022 Future | -0.04% |
| Hindustan Copper Ltd November 2022 Future | -0.07% |
| Jindal Steel & Power Ltd November 2022 Future | -0.11% |
| Can Fin Homes Ltd November 2022 Future | -0.11% |
| Syngene International Ltd November 2022 Future | -0.12% |
| Zydus Lifesciences Ltd November 2022 Future | -0.15% |
| Max Financial Services Ltd November 2022 Future | -0.17% |
| ICICI Lombard General Insurance Company Ltd November 2022 Future | -0.31% |
| Ashok Leyland Ltd November 2022 Future | -0.37% |
| ICICI Prudential Life Insurance Company Ltd November 2022 Future | -0.39% |
| Astral Ltd November 2022 Future | -0.52% |
| Godrej Properties Ltd November 2022 Future | -0.55% |
| Voltas Ltd November 2022 Future | -0.55% |
| IndusInd Bank Ltd November 2022 Future | -0.55% |
| Tata Steel Ltd November 2022 Future | -0.59% |
| Birlasoft Ltd November 2022 Future | -0.65% |
| Petronet LNG Ltd November 2022 Future | -0.69% |
| Piramal Enterprises Ltd November 2022 Future | -0.79% |
| National Aluminium Company Ltd November 2022 Future | -0.83% |
| PI Industries Ltd November 2022 Future | -0.91% |
| Indian Energy Exchange Ltd November 2022 Future | -0.94% |
| SRF Ltd November 2022 Future | -0.97% |
| Multi Commodity Exchange of India Ltd November 2022 Future | -1.23% |
| Mahindra & Mahindra Ltd November 2022 Future | -1.29% |
| Nestle India Ltd November 2022 Future | -1.33% |
| Zee Entertainment Enterprises Ltd November 2022 Future | -1.33% |
| Godrej Consumer Products Ltd November 2022 Future | -1.33% |
| Maruti Suzuki India Ltd November 2022 Future | -1.35% |
| Info Edge (India) Ltd November 2022 Future | -1.35% |
| Ambuja Cements Ltd November 2022 Future | -1.36% |
| Reliance Industries Ltd November 2022 Future | -1.36% |
| Tata Chemicals Ltd November 2022 Future | -1.36% |
| ITC Ltd November 2022 Future | -1.37% |
| Tata Consultancy Services Ltd November 2022 Future | -1.41% |
| Laurus Labs Ltd November 2022 Future | -1.41% |
| Tata Communications Ltd November 2022 Future | -1.48% |
| Dabur India Ltd November 2022 Future | -1.55% |
| Biocon Ltd November 2022 Future | -1.58% |
| Dalmia Bharat Ltd November 2022 Future | -1.60% |
| Tata Power Company Ltd November 2022 Future | -1.63% |
| HCL Technologies Ltd November 2022 Future | -1.65% |
| REC Ltd November 2022 Future | -1.66% |
| Hindustan Aeronautics Ltd November 2022 Future | -1.70% |
| Indraprastha Gas Ltd November 2022 Future | -1.73% |
| SBI Life Insurance Company Ltd November 2022 Future | -1.75% |
| State Bank of India November 2022 Future | -1.84% |
| Titan Company Ltd November 2022 Future | -1.88% |
| Siemens Ltd November 2022 Future | -1.94% |
| ICICI Bank Ltd November 2022 Future | -1.97% |
| Infosys Ltd November 2022 Future | -2.03% |
| UPL Ltd November 2022 Future | -2.11% |
| HDFC Life Insurance Company Ltd November 2022 Future | -2.13% |
| HDFC Bank Ltd November 2022 Future | -2.79% |
| Sun Pharmaceutical Industries Ltd November 2022 Future | -2.93% |
| United Spirits Ltd November 2022 Future | -2.99% |
| Adani Ports and Special Economic Zone Ltd November 2022 Future | -3.25% |
| Sun TV Network Ltd November 2022 Future | -4.10% |
| Equity Futures Total | -74.19% |
| Government Bond | |
| 6.84% GOI (19/12/2022) | 7.99% |
| 3.96% GOI (09/11/2022) | 3.99% |
| 6.18% GOI (04/11/2024) | 3.92% |
| Government Bond Total | 15.90% |
| Treasury Bill | |
| 364 Days Tbill (17/08/2023) | 1.26% |
| 364 Days Tbill (28/09/2023) | 1.25% |
| 364 Days Tbill (12/10/2023) | 1.25% |
| Treasury Bill Total | 3.76% |
| Cash & Other Receivables Total | 80.65% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAAF | 3.48% |
3.50% |
||
| Scheme Benchmark* | 3.82% |
3.56% |
||
| Additional Benchmark** | 3.40% |
3.51% |
||
| NAV as on 31st October, 2022 | ₹ 10.848 | |||
| Index Value (31st October, 2022) | Index Value of Scheme benchmark is 2,067.98 and CRISIL 1 Year T-Bill is 6,438.55 | |||
| Allotment Date | 19th June, 2020 | |||
| Scheme Benchmark | *Nifty 50 Arbitrage Index | |||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||
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)
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
| Period | Total Amount Invested | Mkt Value as on 31-October-2022 |
SI |
280,000 |
292,262 |
1 Yr |
120,000 |
122,348 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
3.59 |
3.65 |
Benchmark Return& (%) |
3.85 |
3.81 |
Add. Benchmark Return& (%) |
3.45 |
3.51 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
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
*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 : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes and on 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option