Mirae Asset Arbitrage Fund Direct - Growth

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

The Mirae Asset Arbitrage Fund Direct - Growth is a 5 yrs 4 m old fund and has delivered average annual returns of 6.14% since inception. Mirae Asset Arbitrage Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 6.95% 7.67% 6.31% 6.14%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹13.761+0.01% 1 day change	6.14% p.a.	App exclusive #NA View Ranked Funds	₹3,096 Cr

Historical NAV & returns

NAV: ₹13.761 as on Oct 20, 2025

This fund Category average

Mirae Asset Arbitrage Fund overview

Expense ratio	0.15% as on Sep 30, 2025
Exit load	0.25% Exit load of 0.25%, if redeemed within 15 days.!
AUM (Fund size)	₹3,096 Cr
Lock-in Period	Nil
Age	5 yrs 4 m since Jun 03, 2020
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
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%

Mirae Asset 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 Oct 17, 2025

Period	This fund	Category average
1 Month	0.55%	0.56%
3 Months	1.41%	1.37%
6 Months	2.89%	2.9%
1 Year	6.95%	6.9%
2 Years	7.63%	7.48%
3 Years	7.67%	7.54%
4 Years	6.83%	6.7%
5 Years	6.31%	6.18%

Asset allocationas on Sep 30, 2025

Large Cap -0.26%

Mid Cap -0.16%

Small Cap -0.05%

Other Cap -0%

Top holdings

Kalyan Jewellers India Ltd.1.63%

RBL Bank Ltd.1.43%

Sammaan Capital Ltd.1.23%

Tech Mahindra Ltd.1.19%

Top sectors

Financial 18.369999999999997%

Healthcare 7.129999999999999%

Services 6.250000000000001%

Capital Goods 6.1%

Cash 76.32829603%

Cash & Call Money 11.45903575%

A1+ 10.509498%

SOV 2.134507%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Cash Margin 76.32829603%

Mutual Fund 13.02606215%

Net Receivables 6.30923479%

Repo 4.80141296%

Other Holdings

Mirae Asset Liquid Fund Direct- Growth 8.83%

Others 6.31%

Mirae Asset Money Market Fund Direct - Growth 4.19%

Detailed portfolio analysis

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

Alpha	1.59 vs. 2.62 Underperformed at beating benchmark
Sharpe	2.41 vs. 2.65 Poor risk-adjusted returns
Beta	0.29 vs. 1.35 Less sensitive to market ups & downs
Standard deviation	0.44 vs. 0.31 More volatile performance

Compare Mirae Asset Arbitrage Fund in detail with

About this fund

About Mirae Asset Arbitrage Fund

Mirae Asset Arbitrage Fund Direct - Growth is a Arbitrage mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 5 yrs 4 m, having been launched on 03/06/2020. Mirae Asset Arbitrage Fund Direct - Growth has ₹3,096 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Arbitrage Fund Direct - Growth as of 20/10/2025 is ₹13.76. The fund has an expense ratio of 0.15%, which is less than what most other Arbitrage funds charge. Currently, the fund has a -0.47% allocation to equity and 12.68% to Debt.

Mirae Asset Arbitrage Fund Direct - Growth returns of last 1-year are 7.17%. Since launch, it has delivered 6.16% average annual returns.
Mirae Asset Arbitrage Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's equity portion is primarily invested in Financial, Unclassified, Healthcare, Services, Capital Goods sectors. It has taken less exposure in Financial, Unclassified 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 Mirae Asset Liquid Fund Direct- Growth, Mirae Asset Money Market Fund Direct - Growth, Kalyan Jewellers India Ltd., RBL Bank Ltd., Sammaan Capital Ltd..

...

Fund AUM	3,096 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Jignesh N. Rao

Mr. Rao has done B.Sc and PGDBA Prior to joining Mirae Asset Mutual Fund, he was associated with Motilal Oswal Asset Management Company Ltd. as Dealer – Equity

Jigar Shethia

Mr. Shethia is a BCOM & CFA Level 3 Prior to joining Mirae Asset Mutual Fund, he has worked with Sushil Financial Services Pvt Ltd as Assistant Manager – Equity.

Krishnpal Yadav

MBA (IIM Indore) Prior to joining the Mirae Asset MF, Mr. Yadav was Dealer (Fixed Income) specializing in trading Non-SLR (Statutory Liquidity Ratio) securities.

Investment objective

The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

Mirae Asset Mutual Fund details

No. of schemes	47 view all schemes
Total AUM	2,15,434 Cr as on Sep 30, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Mirae Asset Aggressive Hybrid Fund	N.A.	9,128 Cr	8.56%	17.59%
Mirae Asset Equity Savings Fund	N.A.	1,670 Cr	9.37%	13.11%
Mirae Asset Balanced Advantage Fund	N.A.	1,934 Cr	9.09%	N.A.
Mirae Asset Multi Asset Allocation Fund	N.A.	2,371 Cr	15.26%	N.A.

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Arbitrage Fund Direct - Growth?

The current Net Asset Value (NAV) of the Mirae Asset Arbitrage Fund - Direct Growth plan is approximately ₹13.761 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Arbitrage Fund Direct - Growth is a 5 yrs 4 m old fund and has delivered average annual returns of 6.14% since inception.

Mirae Asset Arbitrage Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
6.95%	7.67%	6.31%	6.14%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Arbitrage Fund - Direct Growth has an expense ratio of 0.15%, 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 Mirae Asset Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 3,096 Cr as on Sep 30, 2025.

What is risk level of Mirae Asset 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 Mirae Asset Arbitrage Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

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 Mirae Asset Arbitrage Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Mirae Asset Arbitrage Fund is complete.

How can I redeem my investments in Mirae Asset Arbitrage Fund?

Redeeming your investments in the Mirae Asset 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 5 Years.
Expense Ratio: This fund has the 2nd lowest expense ratio amongst actively/passively managed Arbitrage funds.
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 15 days.