Mirae Asset Arbitrage Fund
The scheme seeks 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.
Growthvine rating: 3/5 — ranked #10 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹13.89 (as of 2026-08-21) |
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| AUM | ₹3,737 Cr |
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| Expense ratio | 0.79% |
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| Riskometer | Low |
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| Fund manager | Jigar Shethia |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 5.98% |
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| Sharpe ratio | 1.48 |
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| Standard deviation | 0.52% |
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| Max drawdown | -0.45% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 26.8% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -26.1% 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 | 179 |
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Top holdings
- Net Receivables/Payables (FnO) — 79.4%
- Mirae Asset Liquid Fund-Direct Plan-Growth — 9.0%
- TREPS — 7.1%
- Mirae Asset Money Market Fund-Direct Plan-Growth — 4.5%
- MUTHOOT FINANCE LIMITED — 1.9%
- Larsen & Toubro Limited — 1.3%
- Eternal Limited — 1.3%
- REC LIMITED — 1.1%
- RBL Bank Limited — 1.1%
- Vedanta Ltd. — 1.1%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.8% | Q3 | #25 of 35 |
| 2025 | 6.1% | Q3 | #22 of 31 |
| 2024 | 7.5% | Q2 | #13 of 27 |
| 2023 | 7.0% | Q3 | #15 of 25 |
| 2022 | 4.1% | Q2 | #10 of 21 |