Mahindra Manulife Arbitrage Fund Direct - Growth

Q: What are the returns of Mahindra Manulife Arbitrage Fund?

The Mahindra Manulife Arbitrage Fund is a 4 yrs 11 m old fund and has delivered average annual returns of 5.27% since inception. Mahindra Manulife Arbitrage Fund Returns 1-Year 3-Year Since Inception 6.14% 6.37% 5.27%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹12.8747+0.04% 1 day change	5.27% p.a.	#NA View Ranked Funds	₹97 Cr

Historical NAV & returns

NAV: ₹12.8747 as on Jul 21, 2025

This fund Category average

Mahindra Manulife Arbitrage Fund overview

Expense ratio	0.42% as on May 31, 2025
Exit load	0.25% Exit load of 0.25%, if redeemed within 30 days.!
AUM (Fund size)	₹97 Cr
Lock-in Period	Nil
Age	4 yrs 11 m since Aug 12, 2020
Benchmark	Nifty 50 Arbitrage
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Low
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Mahindra Manulife Arbitrage Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jun 09, 2025

Period	This fund	Category average
1 Month	0.34%	0.42%
3 Months	1.28%	1.52%
6 Months	2.93%	3.51%
1 Year	6.14%	7.27%
2 Years	6.69%	7.78%
3 Years	6.37%	7.44%
4 Years	5.6%	6.54%

Asset allocationas on May 31, 2025

Large Cap -0.23%

Mid Cap -0.02%

Small Cap -0%

Other Cap -0%

Top holdings

Reliance Industries Ltd.10.06%

Ultratech Cement Ltd.6.73%

Tata Power Company Ltd.6.69%

Axis Bank Ltd.5.58%

Top sectors

Energy 24.729999999999997%

Financial 12.01%

Materials 8.61%

Communication 7.73%

Cash & Call Money 84.515324%

SOV 11.059221%

A1+ 4.660193%

Others 0.015262%

Top Debt Holdings

Reserve Bank of India 11.06%

Godrej Properties Ltd. 0.37%

Small Industries Devp. Bank of India Ltd. 0.36%

Motilal Oswal Financial Services Ltd. 0.36%

Allocation by Instruments

Net Receivables 76.63%

Treasury Bills 10.129999999999999%

Repo 7.62%

Mutual Fund 5.87%

Other Holdings

Others 76.66%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Arbitrage Fund	N.A.	97 Cr	4 yrs 11 m	0.42%
Tata Arbitrage Fund	N.A.	14,982 Cr	6 yrs 7 m	0.31%
Invesco India Arbitrage Fund	N.A.	22,341 Cr	12 yrs 6 m	0.39%
Edelweiss Arbitrage Fund	N.A.	15,137 Cr	11 yrs 1 m	0.38%
Axis Arbitrage Fund	N.A.	5,746 Cr	10 yrs 11 m	0.33%
Aditya Birla Sun Life Arbitrage Fund	N.A.	14,236 Cr	12 yrs 6 m	0.31%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Arbitrage Fund	0.34%	2.93%	6.14%	6.37%	N.A.	N.A.
Tata Arbitrage Fund	0.45%	3.72%	7.6%	7.7%	6.39%	4.26%
Invesco India Arbitrage Fund	0.45%	3.63%	7.5%	7.82%	6.45%	6.5%
Edelweiss Arbitrage Fund	0.42%	3.63%	7.51%	7.7%	6.39%	6.61%
Axis Arbitrage Fund	0.43%	3.64%	7.42%	7.5%	6.25%	6.51%
Aditya Birla Sun Life Arbitrage Fund	0.43%	3.73%	7.56%	7.64%	6.28%	6.43%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Arbitrage Fund	0.51	0.34	-0.44	-0.46
Tata Arbitrage Fund	0.49	0.53	2.13	2.31
Invesco India Arbitrage Fund	0.47	0.34	2.46	2.72
Edelweiss Arbitrage Fund	0.54	0.49	1.93	2.02
Axis Arbitrage Fund	0.54	0.57	1.55	1.55
Aditya Birla Sun Life Arbitrage Fund	0.52	0.55	1.9	1.95

View all Arbitrage funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.4 vs. 2.7 Underperformed at beating benchmark
Sharpe	-0.44 vs. 2.44 Poor risk-adjusted returns
Beta	0.34 vs. 0.75 Less sensitive to market ups & downs
Standard deviation	0.51 vs. 0.4 More volatile performance

Compare Mahindra Manulife Arbitrage Fund in detail with

About this fund

About Mahindra Manulife Arbitrage Fund

Mahindra Manulife Arbitrage Fund Direct - Growth is a Arbitrage mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 4 yrs 11 m, having been launched on 12/08/2020. Mahindra Manulife Arbitrage Fund Direct - Growth has ₹97 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Arbitrage Fund Direct - Growth as of 21/07/2025 is ₹12.87. The fund has an expense ratio of 0.42%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.25% allocation to equity and 15.73% to Debt.

Mahindra Manulife Arbitrage Fund Direct - Growth returns of last 1-year are 6.12%. Since launch, it has delivered 5.28% average annual returns.
Mahindra Manulife Arbitrage Fund Direct - Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is low.
The fund's equity portion is primarily invested in Energy, Financial, Materials, Communication, Metals & Mining sectors. It has taken less exposure in Energy, Financial sectors compared to other funds in the category.
The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
The fund's top 5 holdings are in Reserve Bank of India, Reliance Industries Ltd., Ultratech Cement Ltd., Tata Power Company Ltd., Larsen & Toubro Ltd..

...

Fund AUM	97 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Pal

Mr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Manish Lodha

Mr. Lodha is a Chartered Accountant and Company Secretary Prior to joining Mahindra Manulife Mutual Fund, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).

Navin Matta

PGDBA Prior to Joining the Mahindra Manulife Investment Management Pvt Ltd. He has worked with BOB Capita, SAFE Enterprises,Bajaj Allianz Life Insurance, HDFC Securities and Daiwa Capital.

Investment objective

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.

Mahindra Manulife Mutual Fund details

No. of schemes	24 view all schemes
Total AUM	29,590 Cr as on Jun 30, 2025
Address	1st Floor - Sadhana House, 570 - P.B. Marg, Worli, Mumbai, 400018
Phone	022-66327900

More funds from Mahindra Manulife Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Mahindra Manulife Aggressive Hybrid Fund	N.A.	1,705 Cr	7.56%	22.78%
Mahindra Manulife Equity Savings Fund	N.A.	570 Cr	6.08%	13.68%
Mahindra Manulife Balanced Advantage Fund	N.A.	905 Cr	7.27%	N.A.
Mahindra Manulife Multi Asset Allocation Fund	N.A.	600 Cr	10.57%	N.A.

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Mahindra Manulife Arbitrage Fund?

The current Net Asset Value (NAV) of the Mahindra Manulife Arbitrage Fund - Direct Growth plan is approximately ₹12.8747 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Arbitrage Fund is a 4 yrs 11 m old fund and has delivered average annual returns of 5.27% since inception.

Mahindra Manulife Arbitrage Fund Returns

1-Year	3-Year	Since Inception
6.14%	6.37%	5.27%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Arbitrage Fund - Direct Growth has an expense ratio of 0.42%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mahindra Manulife Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 97 Cr as on May 31, 2025.

What is risk level of Mahindra Manulife Arbitrage Fund?

This is a Arbitrage fund comes with Low risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mahindra Manulife Arbitrage Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mahindra Manulife Arbitrage Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mahindra Manulife Arbitrage Fund is complete.

How can I redeem my investments in Mahindra Manulife Arbitrage Fund?

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.

ET Money rank

in Arbitrage

#NA

Return Outperformance: This fund has generated highest return amongst Arbitrage funds in the last 3 Months .
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25%, if redeemed within 30 days.