Mahindra Manulife Arbitrage Fund

Q: What are the returns of this mutual fund scheme?

The Mahindra Manulife Arbitrage Fund is a 5 yrs 5 m old fund and has delivered average annual returns of 4.52% since inception. Mahindra Manulife Arbitrage Fund Returns 1-Year 3-Year 5-Year Since Inception 5.35% 5.72% 4.72% 4.52%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹12.7258+0.0% 1 day change	4.52% p.a.	App exclusive #NA View Ranked Funds	₹100 Cr

Historical NAV & returns

NAV: ₹12.7258 as on Feb 02, 2026

This fund Category average

Mahindra Manulife Arbitrage Fund overview

AUM (Fund size)	₹100 Cr
Exit load	0.25% Exit load of 0.25%, if redeemed within 30 days.!
Lock-in Period	Nil
Age	5 yrs 5 m since Aug 12, 2020
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.13% as on Feb 02, 2026
Plan type	Regular
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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.38%	0.45%
3 Months	1.5%	1.41%
6 Months	2.67%	2.69%
1 Year	5.35%	5.96%
2 Years	5.58%	6.49%
3 Years	5.72%	6.77%
4 Years	5.15%	6.15%
5 Years	4.72%	5.68%

Asset allocationas on Dec 31, 2025

Large Cap -0.36%

Mid Cap -0.02%

Small Cap -0%

Other Cap -0%

Top holdings

Axis Bank Ltd.7.0%

Ultratech Cement Ltd.6.91%

Tata Power Company Ltd.6.29%

Larsen & Toubro Ltd.5.94%

Top sectors

Financial 22.119999999999997%

Energy 11.04%

Metals & Mining 7.45%

Materials 6.91%

Cash & Call Money 76.44578786%

A1+ 8.81235%

AAA 7.257254%

AA+ 2.999293%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Net Receivables 70.40739519%

Mutual Fund 25.50472121%

Repo 4.45912667%

Other Holdings

Others 70.41%

Mahindra Manulife Low Duration Fund Direct - Growth 16.55%

Mahindra Manulife Liquid Fund Direct -Growth 8.95%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Arbitrage Fund	0.38%	2.67%	5.35%	5.72%	4.72%	N.A.
Invesco India Arbitrage Fund	0.46%	2.95%	6.34%	7.08%	6.08%	5.81%
Tata Arbitrage Fund	0.41%	2.86%	6.3%	6.95%	5.82%	4.04%
UTI Arbitrage Fund	0.43%	2.94%	6.41%	7.1%	5.93%	5.82%
Edelweiss Arbitrage Fund	0.41%	2.83%	6.16%	7.0%	5.93%	5.86%
ICICI Prudential Equity Arbitrage Fund	0.45%	2.88%	6.33%	7.02%	5.91%	5.8%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Arbitrage Fund	0.35	-0.09	-1.4	-1.94
Invesco India Arbitrage Fund	0.35	-0.02	2.33	3.48
Tata Arbitrage Fund	0.34	0.06	1.98	3.05
UTI Arbitrage Fund	0.35	0.03	2.34	3.42
Edelweiss Arbitrage Fund	0.38	0.04	1.93	2.86
ICICI Prudential Equity Arbitrage Fund	0.36	0.01	2.11	3.14

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Arbitrage Fund	N.A.	100 Cr	5 yrs 5 m	1.13%
Invesco India Arbitrage Fund	N.A.	27,400 Cr	18 yrs 9 m	1.06%
Tata Arbitrage Fund	N.A.	20,013 Cr	7 yrs 1 m	1.08%
UTI Arbitrage Fund	N.A.	10,465 Cr	19 yrs 7 m	0.78%
Edelweiss Arbitrage Fund	N.A.	16,270 Cr	11 yrs 7 m	1.07%
ICICI Prudential Equity Arbitrage Fund	N.A.	32,297 Cr	19 yrs 2 m	0.93%

View all Arbitrage funds

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

Alpha	-0.66 vs. 2.16 Underperformed at beating benchmark
Sharpe	-1.4 vs. 1.99 Poor risk-adjusted returns
Beta	-0.09 vs. 0.8 Less sensitive to market ups & downs
Standard deviation	0.35 vs. 0.26 More volatile performance

Compare Mahindra Manulife Arbitrage Fund in detail with

About this fund

About Mahindra Manulife Arbitrage Fund

Mahindra Manulife Arbitrage Fund is a Arbitrage mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 5 yrs 5 m, having been launched on 12/08/2020. Mahindra Manulife Arbitrage Fund has ₹100 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Arbitrage Fund as of 02/02/2026 is ₹12.73. The fund has an expense ratio of 1.13%, which is higher than what most other Arbitrage funds charge. Currently, the fund has a -0.37% allocation to equity and 23.93% to Debt.

Mahindra Manulife Arbitrage Fund returns of last 1-year are 5.37%. Since launch, it has delivered 4.53% average annual returns.
Mahindra Manulife Arbitrage Fund 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 Unclassified, Financial, Energy, Metals & Mining, Materials sectors. It has taken less exposure in Unclassified, 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 Mahindra Manulife Low Duration Fund Direct - Growth, Mahindra Manulife Liquid Fund Direct -Growth, Axis Bank Ltd., Ultratech Cement Ltd., Tata Power Company Ltd..

...

Fund AUM	100 Cr as on Dec 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	25 view all schemes
Total AUM	32,930 Cr as on Dec 31, 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.	2,108 Cr	7.35%	14.86%
Mahindra Manulife Equity Savings Fund	N.A.	567 Cr	6.95%	8.76%
Mahindra Manulife Balanced Advantage Fund	N.A.	928 Cr	4.8%	N.A.
Mahindra Manulife Multi Asset Allocation Fund	N.A.	931 Cr	19.77%	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 plan is approximately ₹12.7258 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Arbitrage Fund is a 5 yrs 5 m old fund and has delivered average annual returns of 4.52% since inception.

Mahindra Manulife Arbitrage Fund Returns

1-Year	3-Year	5-Year	Since Inception
5.35%	5.72%	4.72%	4.52%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Arbitrage Fund has an expense ratio of 1.13%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 100 Cr as on Dec 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 can I redeem my investments in Mahindra Manulife Arbitrage Fund?

Redeeming your investments in the Mahindra Manulife Arbitrage Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Arbitrage

#NA

Return Outperformance: This fund has generated highest return amongst Arbitrage funds in the last 3 Months .
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25%, if redeemed within 30 days.