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 August 31, 2022 | 384.70 |
| Net AUM (₹ Cr.) |
385.52 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on August 31, 2022 |
Regular Plan: 1.09% Direct Plan: 0.37% |
| **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 | ₹ 10.935 | ₹ 10.770 |
| IDCW^ | ₹ 10.929 | ₹ 10.769 |
| Portfolio Turnover Ratio | 14.21 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 30th August, 2022. ^Basis last rolling 12 months. |
|
Weighted Average Maturity |
0.76 Years |
Modified Duration |
0.70 Years |
Macaulay Duration |
0.74 Years |
Yield to Maturity |
5.99% |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| Kotak Mahindra Bank Ltd | 4.07% | |
| Axis Bank Ltd | 2.83% | |
| HDFC Bank Ltd | 2.20% | |
| ICICI Bank Ltd | 1.30% | |
| AU Small Finance Bank Limited | 1.25% | |
| Ferrous Metals | ||
| Steel Authority of India Limited | 2.16% | |
| Jindal Steel & Power Limited | 1.98% | |
| Tata Steel Ltd | 1.58% | |
| Entertainment | ||
| Sun TV Network Limited | 3.83% | |
| Zee Entertainment Enterprises Ltd | 1.48% | |
| Finance | ||
| Bajaj Finance Limited | 1.35% | |
| Piramal Enterprises Limited | 1.00% | |
| IDFC Limited | 0.98% | |
| SBI Cards and Payment Services Limited | 0.82% | |
| Chemicals & Petrochemicals | ||
| Deepak Nitrite Limited | 1.67% | |
| Gujarat Narmada Valley Fertilizers and Chemicals Limited | 1.27% | |
| SRF Limited | 0.94% | |
| Cement & Cement Products | ||
| Dalmia Bharat Limited | 2.57% | |
| Ambuja Cements Limited | 1.06% | |
| The India Cements Limited | 0.10% | |
| Transport Infrastructure | ||
| Adani Ports and Special Economic Zone Limited | 3.22% | |
| IT - Software | ||
| Tech Mahindra Limited | 1.52% | |
| Infosys Ltd | 0.92% | |
| Birlasoft Limited | 0.75% | |
| Automobiles | ||
| Maruti Suzuki India Ltd | 1.93% | |
| Hero MotoCorp Limited | 1.15% | |
| Beverages | ||
| United Breweries Limited | 1.77% | |
| United Spirits Limited | 1.11% | |
| Pharmaceuticals & Biotechnology | ||
| Sun Pharmaceutical Industries Ltd | 2.48% | |
| Biocon Ltd | 0.18% | |
| Glenmark Pharmaceuticals Limited | 0.03% | |
| Personal Products | ||
| Dabur India Ltd | 1.32% | |
| Colgate Palmolive (India) Limited | 1.32% | |
| Consumer Durables | ||
| Bata India Limited | 1.36% | |
| Asian Paints Ltd | 1.28% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 2.43% | |
| Gas | ||
| Indraprastha Gas Limited | 2.09% | |
| Telecom - Services | ||
| Tata Communications Limited | 2.07% | |
| Insurance | ||
| HDFC Life Insurance Company Ltd | 1.48% | |
| ICICI Lombard General Insurance Company Limited | 0.37% | |
| Aditya Birla Capital Limited | 0.16% | |
| Electrical Equipment | ||
| Siemens Limited | 1.89% | |
| Fertilizers & Agrochemicals | ||
| UPL Limited | 1.53% | |
| Non - Ferrous Metals | ||
| National Aluminium Company Limited | 0.92% | |
| Hindalco Industries Limited | 0.37% | |
| Hindustan Copper Limited | 0.08% | |
| Textiles & Apparels | ||
| Page Industries Ltd | 1.35% | |
| Aerospace & Defense | ||
| Hindustan Aeronautics Limited | 1.27% | |
| Diversified Metals | ||
| Vedanta Limited | 1.21% | |
| Realty | ||
| Godrej Properties Limited | 0.90% | |
| Leisure Services | ||
| The Indian Hotels Company Limited | 0.74% | |
| Auto Components | ||
| Bosch Limited | 0.45% | |
| Agricultural, Commercial & Construction Vehicles | ||
| Ashok Leyland Limited | 0.42% | |
| Agricultural Food & other Products | ||
| Tata Consumer Products Limited | 0.42% | |
| Diversified FMCG | ||
| Hindustan Unilever Ltd | 0.41% | |
| Food Products | ||
| Nestle India Limited | 0.41% | |
| Oil | ||
| Oil & Natural Gas Corporation Limited | 0.24% | |
| Equity Holding Total | 76.02% | |
| Equity Futures | ||
| Glenmark Pharmaceuticals Ltd September 2022 Future | -0.03% | |
| Hindustan Copper Ltd September 2022 Future | -0.08% | |
| The India Cements Ltd September 2022 Future | -0.10% | |
| Aditya Birla Capital Ltd September 2022 Future | -0.16% | |
| Biocon Ltd September 2022 Future | -0.19% | |
| Oil & Natural Gas Corporation Ltd September 2022 Future | -0.24% | |
| Hindalco Industries Ltd September 2022 Future | -0.37% | |
| ICICI Lombard General Insurance Company Ltd September 2022 Future | -0.37% | |
| Hindustan Unilever Ltd September 2022 Future | -0.42% | |
| Nestle India Ltd September 2022 Future | -0.42% | |
| Tata Consumer Products Ltd September 2022 Future | -0.42% | |
| Ashok Leyland Ltd September 2022 Future | -0.42% | |
| Bosch Ltd September 2022 Future | -0.46% | |
| The Indian Hotels Company Ltd September 2022 Future | -0.75% | |
| Birlasoft Ltd September 2022 Future | -0.75% | |
| SBI Cards and Payment Services Ltd September 2022 Future | -0.83% | |
| Godrej Properties Ltd September 2022 Future | -0.91% | |
| National Aluminium Company Ltd September 2022 Future | -0.91% | |
| Infosys Ltd September 2022 Future | -0.92% | |
| SRF Ltd September 2022 Future | -0.94% | |
| IDFC Ltd September 2022 Future | -0.99% | |
| Piramal Enterprises Ltd September 2022 Future | -1.01% | |
| Ambuja Cements Ltd September 2022 Future | -1.06% | |
| United Spirits Ltd September 2022 Future | -1.11% | |
| Hero MotoCorp Ltd September 2022 Future | -1.16% | |
| Vedanta Ltd September 2022 Future | -1.21% | |
| Gujarat Narmada Valley Fertilizers and Chemicals Ltd September 2022 Future | -1.25% | |
| AU Small Finance Bank Ltd September 2022 Future | -1.26% | |
| Hindustan Aeronautics Ltd September 2022 Future | -1.28% | |
| Asian Paints Ltd September 2022 Future | -1.29% | |
| ICICI Bank Ltd September 2022 Future | -1.30% | |
| Colgate Palmolive (India) Ltd September 2022 Future | -1.33% | |
| Dabur India Ltd September 2022 Future | -1.33% | |
| Bajaj Finance Ltd September 2022 Future | -1.35% | |
| Page Industries Ltd September 2022 Future | -1.36% | |
| Bata India Ltd September 2022 Future | -1.36% | |
| Zee Entertainment Enterprises Ltd September 2022 Future | -1.47% | |
| HDFC Life Insurance Company Ltd September 2022 Future | -1.48% | |
| Tech Mahindra Ltd September 2022 Future | -1.53% | |
| UPL Ltd September 2022 Future | -1.54% | |
| Tata Steel Ltd September 2022 Future | -1.59% | |
| Deepak Nitrite Ltd September 2022 Future | -1.68% | |
| United Breweries Ltd September 2022 Future | -1.78% | |
| Siemens Ltd September 2022 Future | -1.90% | |
| Maruti Suzuki India Ltd September 2022 Future | -1.94% | |
| Jindal Steel & Power Ltd September 2022 Future | -1.98% | |
| Indraprastha Gas Ltd September 2022 Future | -2.08% | |
| Tata Communications Ltd September 2022 Future | -2.08% | |
| Steel Authority of India Ltd September 2022 Future | -2.18% | |
| HDFC Bank Ltd September 2022 Future | -2.21% | |
| Reliance Industries Ltd September 2022 Future | -2.44% | |
| Sun Pharmaceutical Industries Ltd September 2022 Future | -2.49% | |
| Dalmia Bharat Ltd September 2022 Future | -2.59% | |
| Axis Bank Ltd September 2022 Future | -2.84% | |
| Adani Ports and Special Economic Zone Ltd September 2022 Future | -3.24% | |
| Sun TV Network Ltd | -3.84% | |
| Kotak Mahindra Bank Ltd September 2022 Future | -4.09% | |
| Equity Futures Total | -76.30% | |
| Government Bond | ||
| 6.84% GOI (19/12/2022) | 7.80% | |
| 3.96% GOI (09/11/2022) | 3.88% | |
| 6.18% GOI (04/11/2024) | 3.86% | |
| Government Bond Total | 15.54% | |
| Treasury Bill | ||
| 364 Days Tbill (17/08/2023) | 1.22% | |
| Treasury Bill Total | 1.22% | |
| Cash & Other Receivables Total | 83.52% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAAF | 3.13% |
3.43% |
||
| Scheme Benchmark* | 3.40% |
3.50% |
||
| Additional Benchmark** | 3.16% |
3.53% |
||
| NAV as on 30th August, 2022 | ₹ 10.770 | |||
| Index Value (30th August, 2022) | Index Value of Scheme benchmark is 2,052.83 and CRISIL 1 Year T-Bill is 6,402.95 | |||
| 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 30-August-2022 |
SI |
260,000 |
270,216 |
1 Yr |
120,000 |
122,143 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
3.48 |
3.35 |
Benchmark Return& (%) |
3.77 |
3.57 |
Add. Benchmark Return& (%) |
3.47 |
3.46 |
& 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