Mahindra Manulife Arbitrage Fund

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

The Mahindra Manulife Arbitrage Fund is a 5 yrs 1 m old fund and has delivered average annual returns of 4.42% since inception. Mahindra Manulife Arbitrage Fund Returns 1-Year 3-Year 5-Year Since Inception 5.3% 5.58% 4.45% 4.42%

NAV as of Sep 29, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹12.4696-0.06% 1 day change	4.42% p.a.	App exclusive #NA View Ranked Funds	₹98 Cr

Historical NAV & returns

NAV: ₹12.4696 as on Sep 29, 2025

This fund Category average

Mahindra Manulife Arbitrage Fund overview

AUM (Fund size)	₹98 Cr
Exit load	0.25% Exit load of 0.25%, if redeemed within 30 days.!
Lock-in Period	Nil
Age	5 yrs 1 m since Aug 12, 2020
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.99% as on Aug 31, 2025
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 Sep 22, 2025

Period	This fund	Category average
1 Month	0.27%	0.33%
3 Months	1.09%	1.22%
6 Months	2.35%	2.76%
1 Year	5.3%	6.37%
2 Years	5.64%	6.76%
3 Years	5.58%	6.77%
4 Years	4.87%	5.93%
5 Years	4.45%	5.44%

Asset allocationas on Aug 31, 2025

Large Cap -0.31%

Mid Cap -0.02%

Small Cap -0%

Other Cap -0%

Top holdings

Ultratech Cement Ltd.7.52%

Reliance Industries Ltd.6.62%

Tata Power Company Ltd.6.29%

Axis Bank Ltd.5.84%

Top sectors

Energy 18.77%

Financial 12.48%

Materials 7.52%

Communication 5.52%

Cash & Call Money 75.00826%

AAA 10.20444%

A1+ 6.55315%

AA+ 4.81545%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Net Receivables 71.57%

Mutual Fund 26.4%

Repo 2.36%

Other Holdings

Others 71.57%

Mahindra Manulife Low Duration Fund Direct - Growth 20.5%

Mahindra Manulife Liquid Fund Direct -Growth 5.9%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Arbitrage Fund	0.27%	2.35%	5.3%	5.58%	4.45%	N.A.
Tata Arbitrage Fund	0.33%	2.92%	6.56%	6.92%	5.61%	3.82%
Invesco India Arbitrage Fund	0.35%	2.87%	6.59%	7.12%	5.82%	5.79%
Axis Arbitrage Fund	0.33%	2.87%	6.5%	6.83%	5.59%	5.69%
Edelweiss Arbitrage Fund	0.37%	2.85%	6.62%	7.01%	5.71%	5.86%
Aditya Birla Sun Life Arbitrage Fund	0.33%	2.91%	6.6%	6.94%	5.62%	5.71%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Arbitrage Fund	0.38	0.1	-2.23	-3.83
Tata Arbitrage Fund	0.38	0.34	1.08	1.76
Invesco India Arbitrage Fund	0.36	0.16	1.71	3.06
Axis Arbitrage Fund	0.41	0.35	0.8	1.2
Edelweiss Arbitrage Fund	0.42	0.3	1.16	2.01
Aditya Birla Sun Life Arbitrage Fund	0.4	0.36	1.04	1.65

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Arbitrage Fund	N.A.	98 Cr	5 yrs 1 m	0.99%
Tata Arbitrage Fund	N.A.	14,982 Cr	6 yrs 9 m	1.08%
Invesco India Arbitrage Fund	N.A.	25,150 Cr	18 yrs 5 m	1.06%
Axis Arbitrage Fund	N.A.	7,545 Cr	11 yrs 2 m	1.02%
Edelweiss Arbitrage Fund	N.A.	15,931 Cr	11 yrs 3 m	1.07%
Aditya Birla Sun Life Arbitrage Fund	N.A.	23,581 Cr	16 yrs 2 m	1.03%

View all Arbitrage funds

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

Alpha	-0.67 vs. 1.99 Underperformed at beating benchmark
Sharpe	-2.23 vs. 2.07 Poor risk-adjusted returns
Beta	0.1 vs. 0.58 Less sensitive to market ups & downs
Standard deviation	0.38 vs. 0.31 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 1 m, having been launched on 12/08/2020. Mahindra Manulife Arbitrage Fund has ₹98 Crores worth of assets under management (AUM) as on 31/08/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Arbitrage Fund as of 29/09/2025 is ₹12.47. The fund has an expense ratio of 0.99%, which is higher than what most other Arbitrage funds charge. Currently, the fund has a -0.33% allocation to equity and 25.32% to Debt.

Mahindra Manulife Arbitrage Fund returns of last 1-year are 5.32%. Since launch, it has delivered 4.42% 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, Energy, Financial, Materials, Communication sectors. It has taken less exposure in Unclassified, Energy 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, Ultratech Cement Ltd., Reliance Industries Ltd., Tata Power Company Ltd., Mahindra Manulife Liquid Fund Direct -Growth.

...

Fund AUM	98 Cr as on Aug 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	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.	1,837 Cr	-1.07%	19.69%
Mahindra Manulife Equity Savings Fund	N.A.	547 Cr	2.42%	11.65%
Mahindra Manulife Balanced Advantage Fund	N.A.	907 Cr	-1.47%	N.A.
Mahindra Manulife Multi Asset Allocation Fund	N.A.	642 Cr	9.3%	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 ₹12.4696 as of Sep 29, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Arbitrage Fund is a 5 yrs 1 m old fund and has delivered average annual returns of 4.42% since inception.

Mahindra Manulife Arbitrage Fund Returns

1-Year	3-Year	5-Year	Since Inception
5.3%	5.58%	4.45%	4.42%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Arbitrage Fund has an expense ratio of 0.99%, 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 98 Cr as on Aug 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.