Mirae Asset Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 12.43 as on 16-05-2024
About the Fund
Mirae Asset Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 19 June, 2020. The fund is managed by Abhishek Iyer. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Arbitrage Fund Direct Growth has ₹1870 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Fund Performance
144 people have invested ₹ 2.7Cr in Mirae Asset Arbitrage Fund Direct Growth in the last three months
Overview
 | 0.17% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹1870 Cr |
 | 19 June, 2020 |
 | ₹5000/₹500 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 816.73% |
Mirae Asset Arbitrage Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
50.8%
Mid cap
25.2%
Small cap
7.1%
Sector Allocation
Financial Services
28.4%
Basic Materials
16.1%
Consumer Cyclical
9.8%
Tech
9.3%
Industrial
8.6%
Health
7.9%
Communication
6.2%
Consumer Defensive
5.9%
Energy
4.2%
Utilities
2.4%
Real Estate
1.2%
Top Holdings of Mirae Asset Arbitrage Fund Direct Growth as on (30-Apr-24)
Equity Holdings127
Debt Holdings10
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 1.9K Cr as of Apr'24
- AUM increased by 418.8 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Abhishek Iyer
Fund Manager of Mirae Asset Arbitrage Fund Direct Growth, since 16 January 2023
Top funds managed
Mirae Asset Arbitrage Fund Direct Growth Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 5.71% since inception which is more than its category average return of 5.19%
Fund Allocations
This fund has an allocation of 83.06% in Equity, 3.92% in Debt and 13.02% in Cash related instruments
AUM size ₹1870 Cr
This fund has AUM of ₹1870 Cr which is less than its category average of ₹ 6327 Cr
Expense Ratio 0.17%
This fund has an expense ratio of 0.17% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of Mirae Asset Arbitrage Fund Direct Growth is ₹12.43 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Mirae Asset Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 4.1% | 4.1% |
1 Year Returns | 8.32% | 8.32% |
3 Years Returns | 19.81% | 6.21% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.17% as on April 2024
₹1870 Cr as on April 2024
Tech Mahindra Ltd(3.62%), Mirae Asset Liquid Dir Gr(2.99%), Kotak Mahindra Bank Ltd(2.66%), Tata Steel Ltd(2.17%), ICICI Bank Ltd(2.04%) as on April 2024
Financial Services(23.6%), Basic Materials(13.36%), Cash Equivalent(10.21%) as on April 2024
AAA | 100 |
Abhishek Iyer is the fund manager of Mirae Asset Arbitrage Fund Direct Growth
The Exit load of Mirae Asset Arbitrage Fund Direct Growth is 0.25%