3 Year return

6.8%
Launched on June 2020 (4 years)

Investment Details

₹99

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

Low Risk

Your principal will be at

Low Risk

Scheme Information

Asset Under Management

₹2772.5 Cr.

Expense Ratio

0.19% (inclusive of GST)

Exit Load

0.25%: If units Redeemed or Switched Out within 15 days from the date of allotment. Nil after 15 Days.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year:

20% tax on gains

Withdrawal after 1 year:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

MJ

Mahendra Jajoo

Fund Manager since Mar 2023

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹195,148.32 Cr.
No. of Schemes 133
Setup Date November 2007

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

TATA Arbitrage Fund

6.87%

3.5

Invesco India Arbitrage Fund

7.26%

5

Edelweiss Arbitrage Fund

6.98%

4.5

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Mirae Asset Arbitrage Fund Direct Growth

The Mirae Asset Arbitrage Fund Direct Growth is a hybrid mutual fund that invests in arbitrage opportunities in the cash and derivative segments of the equity markets. It is a low-risk fund that aims to generate capital appreciation and income by taking advantage of the difference in prices of securities in the cash and derivative markets. The Mirae Asset Arbitrage Fund Direct Growth is an open-ended fund. The expense ratio of the Mirae Asset Arbitrage Fund Direct Growth is lower than the category average.

Investment Objectives of the Scheme

The investment objective of the Mirae Asset Arbitrage Fund Direct Growth is to generate returns that are higher than the returns from money market instruments by investing in arbitrage opportunities in the cash and derivative segments of the equity markets.

Key Features of The Fund

5-year return NA
Expense Ratio 0.19%
Fund Manager Mahendra Jajoo
Fund Size ₹2772.5 Cr
Risk Profile Low

Is This Scheme Right for Me?

The Mirae Asset Arbitrage Fund Direct Growth is suitable for investors who are looking for a low-risk investment option with the potential to generate moderate returns. This fund is also suitable for investors who are looking for an investment that generates income.

AMC Contact Details

Name Mirae Asset Mutual Fund
Launch Date November 2007
Addresss Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact 1800-2090-777
Email customercare@miraeasset.com
Website https://www.miraeassetmf.co.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Mirae Asset Arbitrage Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Arbitrage Fund Nov 07 2024 is 12.901

What is the AUM of Mirae Asset Arbitrage Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset Arbitrage Fund is 2772.5 crore.

What is the expense ratio of Mirae Asset Arbitrage Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mirae Asset Arbitrage Fund is 0.19%

What are the returns of Mirae Asset Arbitrage Fund since inception?

The Mirae Asset Arbitrage Fund was launched on Jun 03 2020. The fund has delivered a CAGR of 5.98 since inception.

What is the minimum SIP amount to invest in Mirae Asset Arbitrage Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset Arbitrage Fund is 99.

How do I invest in Mirae Asset Arbitrage Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Mirae Asset Arbitrage Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mirae Asset Arbitrage Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Mirae Asset Arbitrage Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.