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Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25%, if redeemed within 30 days.
VRO rating | 2 |
Expense ratio | 0.41% as on Apr 30, 2024 |
Exit load | 0.25% Exit load of 0.25%, if redeemed within 30 days.! |
AUM (Fund size) | ₹71 Crs |
Lock-in | No Lockin |
Age | 3 yrs 9 m since Aug 12, 2020 |
Benchmark | Nifty 50 Arbitrage |
Min. investment | SIP ₹500 & Lump. ₹1000 |
Risk | Low |
Short term capital gains (STCG) | Returns taxed at 15% if you redeem before 1 year |
Long term capital gains (LTCG) | After 1 year, pay tax of 10% on returns of ₹1 lakh+ in a financial year |
Period | This fund | Category average |
---|---|---|
1 month | 0.4% | 0.4969565217391305% |
3 months | 1.62% | 1.9052173913043478% |
6 months | 3.47% | 4.013043478260869% |
1 year | 6.82% | 8.079545454545455% |
3 years | 5.26% | 6.09590909090909% |
Large Cap -0.28477632484%
Mid Cap -0.05522367516%
Small Cap -0.0%
Other Cap 0.0%
Financial 18.4%
Energy 14.59%
Metals & Mining 7.03%
Automobile 6.45%
Cash & Call Money 81.203047%
SOV 13.40457%
A1+ 4.661457%
AAA 0.707442%
Reserve Bank of India 11.85%
Net Receivables 73.55%
Treasury Bills 11.85%
Mutual Fund 7.51%
Repo 7.43%
Others 73.55%
Mahindra Manulife Liquid Fund Direct -Growth 7.51%
Fund name | ETM Rank | AUM (in Crs.) | Fund age | Expense ratio |
---|---|---|---|---|
Edelweiss Arbitrage Fund | #1 | ₹10,243 Crs | 9 yrs 11 m | 0.37% |
Tata Arbitrage Fund | #2 | ₹11,606 Crs | 5 yrs 5 m | 0.29% |
Invesco India Arbitrage Fund | #3 | ₹15,281 Crs | 11 yrs 4 m | 0.4% |
Nippon India Arbitrage Fund | #4 | ₹14,796 Crs | 11 yrs 4 m | 0.37% |
Kotak Equity Arbitrage Fund | #5 | ₹43,515 Crs | 11 yrs 4 m | 0.44% |
Fund name | 1M | 6M | 1Y | 3Y | 5Y | 10Y |
---|---|---|---|---|---|---|
Edelweiss Arbitrage Fund | 0.49% | 4.21% | 8.42% | 6.47% | 6.08% | 6.68% |
Tata Arbitrage Fund | 0.5% | 4.13% | 8.3% | 6.32% | 6.14% | 3.33% |
Invesco India Arbitrage Fund | 0.51% | 4.14% | 8.36% | 6.6% | 6.08% | 6.64% |
Nippon India Arbitrage Fund | 0.52% | 4.13% | 8.28% | 6.35% | 5.95% | 6.74% |
Kotak Equity Arbitrage Fund | 0.51% | 4.24% | 8.5% | 6.49% | 5.99% | 6.7% |
Fund name | Std. deviation | Beta | Sharpe | Sortino |
---|---|---|---|---|
Edelweiss Arbitrage Fund | 0.68 | 0.88 | 1.44 | 2.0 |
Tata Arbitrage Fund | 0.66 | 0.96 | 1.27 | 1.91 |
Invesco India Arbitrage Fund | 0.66 | 0.82 | 1.68 | 2.29 |
Nippon India Arbitrage Fund | 0.65 | 0.89 | 1.34 | 1.97 |
Kotak Equity Arbitrage Fund | 0.7 | 0.88 | 1.43 | 2.06 |
Alpha | 1.21 vs. 2.6808116 Underperformed at beating benchmark |
Sharpe | -0.23 vs. 2.8519917 Poor risk-adjusted returns |
Beta | 0.67 vs. 1.0154887 Less sensitive to market ups & downs |
Standard deviation | 0.62 vs. 0.60702366 More volatile performance |
Fund AUM | ₹71 Crs as on Mar 31, 2024 |
Scheme document | View Scheme Document |
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.
No. of schemes | 21 view all schemes |
Total AUM | ₹19,092 Crs as on Mar 31, 2024 |
Address | 1st Floor - Sadhana House, 570 - P.B. Marg, Worli, Mumbai, 400018 |
Phone | 022-66327900 |
Fund name | ETM Rank | AUM (in Crs.) | 1Y | 5Y |
---|---|---|---|---|
Mahindra Manulife Aggressive Hybrid Fund | N.A. | ₹1,138 Crs | 33.17% | N.A. |
Mahindra Manulife Equity Savings Fund | #5 | ₹485 Crs | 20.31% | 13.35% |
Mahindra Manulife Balanced Advantage Fund | N.A. | ₹731 Crs | 30.19% | N.A. |
Mahindra Manulife Multi Asset Allocation Fund | N.A. | ₹291 Crs | N.A. | N.A. |
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In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
The Mahindra Manulife Arbitrage Fund is a 3 yrs 9 m old fund and has delivered average annual returns of 4.91% since inception.
1-Year | 3-Year | Since Inception |
---|---|---|
6.82% | 5.26% | 4.91% |
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Mahindra Manulife Arbitrage Fund for May 15, 2024 is 11.9589.
Mahindra Manulife Arbitrage Fund has an ET Money Rank of #0 of 0 and a consistency rating of 0.0.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
On ET Money, Investing in Mahindra Manulife Arbitrage Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Mahindra Manulife Arbitrage Fund is 0.41%. .
Redeeming your investments in Mahindra Manulife Arbitrage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Mahindra Manulife Arbitrage Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Mahindra Manulife Arbitrage Fund is ₹71 Crs.
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