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: 4/5 — ranked #8 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
|---|---|
| NAV | ₹13.97 (as of 2026-10-01) |
| AUM | ₹3,872 Cr |
| Expense ratio | 0.79% |
| Riskometer | Low |
| Fund manager | Jigar Shethia |
| Exit load | 0.25% for redemption within 15 days |
Performance & risk
| 5-year annualised return | 5.96% |
|---|---|
| Sharpe ratio | 1.59 |
| Standard deviation | 0.52% |
| Max drawdown | −0.45% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 28.0% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and −23.2% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|---|
| Top 10 holdings | 0.0% |
| Total holdings | 184 |
Top holdings
- Net Receivables/Payables (FnO) — 82.3%
- Mirae Asset Liquid Fund-Direct Plan-Growth — 9.2%
- Mirae Asset Money Market Fund-Direct Plan-Growth — 4.6%
- TREPS — 4.0%
- BSE Ltd. — 1.5%
- Trent Ltd [Lakme Ltd] — 1.4%
- Vedanta Ltd. — 1.4%
- Larsen & Toubro Limited — 1.2%
- Steel Authority of India Ltd. — 1.1%
- Kalyan Jewellers India Limited — 1.0%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.4% | Q2 | #17 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 |