Mahindra Manulife Arbitrage Fund
The scheme seeks to generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
Growthvine rating: 1/5 — ranked #37 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹13.09 (as of 2026-08-21) |
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| AUM | ₹126 Cr |
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| Expense ratio | 0.97% |
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| Riskometer | Low |
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| Fund manager | Mitul Doshi |
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| Exit load | 0.25% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 5.01% |
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| Sharpe ratio | -0.34 |
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| Standard deviation | 0.45% |
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| Max drawdown | -0.52% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 23.3% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -21.5% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
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| Top 10 holdings | 0.0% |
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| Total holdings | 28 |
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Top holdings
- Net Receivables/Payables (FnO) — 70.4%
- Mahindra Manulife Low Duration Fund - Direct Plan -Growth — 13.0%
- Triparty Repo — 8.8%
- Mahindra Manulife Liquid Fund -Direct Plan -Growth — 7.8%
- ICICI Bank Ltd. — 6.8%
- HDFC Bank Ltd. — 6.1%
- AXIS Bank Ltd. — 4.9%
- Hindalco Industries Ltd. — 4.5%
- Tata Power Co. Ltd — 4.5%
- Maruti Suzuki India Ltd. — 4.2%
Top sectors
- Automobile — 0.0%
- Banking & Financial — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.4% | Q4 (Bottom) | #34 of 35 |
| 2025 | 5.4% | Q4 (Bottom) | #30 of 31 |
| 2024 | 6.1% | Q4 (Bottom) | #27 of 27 |
| 2023 | 5.8% | Q4 (Bottom) | #25 of 25 |
| 2022 | 3.2% | Q4 (Bottom) | #19 of 21 |