Mirae Asset Arbitrage Fund Direct - Growth

Q: What are the returns of Mirae Asset Arbitrage Fund?

The Mirae Asset Arbitrage Fund is a 4 yrs 10 m old fund and has delivered average annual returns of 6.14% since inception. Mirae Asset Arbitrage Fund Returns 1-Year 3-Year Since Inception 7.85% 7.34% 6.14%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹13.352+0.01% 1 day change	6.14% p.a.	#NA View Ranked Funds	4

Historical NAV & returns

NAV: ₹13.352 as on Apr 23, 2025

This fund Category average

Mirae Asset Arbitrage Fund overview

VRO rating	4
Expense ratio	0.13% as on Mar 31, 2025
Exit load	0.25% Exit load of 0.25%, if redeemed within 15 days.!
AUM (Fund size)	₹3,111 Crs
Lock-in	No Lockin
Age	4 yrs 10 m since Jun 03, 2020
Benchmark	Nifty 50 Arbitrage
Min. investment	SIP ₹1000 & Lump. ₹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, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year

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 Apr 09, 2025

Period	This fund	Category average
1 month	0.72%	0.78%
3 months	1.86%	1.85%
6 months	3.86%	3.83%
1 year	7.85%	7.73%
3 years	7.34%	7.19%

Asset allocationas on Mar 31, 2025

Large Cap -0.16853400000000002%

Mid Cap -0.08275500000000001%

Small Cap -0.018684%

Other Cap 2.7000000000013816E-5%

Top holdings

State Bank of India1.56%

HDFC Bank Ltd.1.41%

JIO Financial Services Ltd.1.31%

Britannia Industries Ltd.1.26%

Top sectors

Financial 17.12%

Healthcare 5.5600000000000005%

Automobile 5.379999999999999%

Services 5.19%

Cash & Call Money 86.4921761%

A1+ 9.553893%

SOV 4.19524218%

Others 0.032105%

Top Debt Holdings

Reserve Bank of India 1.75%

Allocation by Instruments

Net Receivables 70.8728237%

Repo 17.0301454%

Mutual Fund 10.62164949%

Treasury Bills 1.74879718%

Other Holdings

Others 70.87%

Mirae Asset Liquid Fund Direct- Growth 9.15%

Mirae Asset Money Market Fund Direct - Growth 1.47%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mirae Asset Arbitrage Fund	N.A.	₹3,111 Crs	4 yrs 10 m	0.13%
Tata Arbitrage Fund	N.A.	₹12,790 Crs	6 yrs 4 m	0.3%
Invesco India Arbitrage Fund	N.A.	₹19,675 Crs	12 yrs 3 m	0.39%
Edelweiss Arbitrage Fund	N.A.	₹14,003 Crs	10 yrs 10 m	0.36%
Axis Arbitrage Fund	N.A.	₹5,746 Crs	10 yrs 8 m	0.31%
Aditya Birla Sun Life Arbitrage Fund	N.A.	₹14,236 Crs	12 yrs 3 m	0.29%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Arbitrage Fund	0.72%	3.86%	7.85%	7.34%	N.A.	N.A.
Tata Arbitrage Fund	0.84%	3.98%	8.0%	7.44%	6.29%	4.09%
Invesco India Arbitrage Fund	0.78%	3.92%	7.99%	7.66%	6.33%	6.53%
Edelweiss Arbitrage Fund	0.79%	3.99%	7.94%	7.47%	6.24%	6.65%
Axis Arbitrage Fund	0.83%	3.9%	7.85%	7.26%	6.12%	6.55%
Aditya Birla Sun Life Arbitrage Fund	0.88%	3.99%	7.98%	7.37%	6.13%	6.47%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Arbitrage Fund	0.57	0.75	1.63	2.02
Tata Arbitrage Fund	0.53	0.71	1.85	2.22
Invesco India Arbitrage Fund	0.49	0.45	2.6	2.95
Edelweiss Arbitrage Fund	0.56	0.64	1.88	2.18
Axis Arbitrage Fund	0.56	0.61	1.49	1.64
Aditya Birla Sun Life Arbitrage Fund	0.54	0.67	1.7	1.92

View all Arbitrage funds

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

Alpha	2.5 vs. 2.73 Underperformed at beating benchmark
Sharpe	1.63 vs. 2.45 Poor risk-adjusted returns
Beta	0.75 vs. 0.79 Less sensitive to market ups & downs
Standard deviation	0.57 vs. 0.42 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 4 yrs 10 m, having been launched on 03/06/2020. Mirae Asset Arbitrage Fund Direct - Growth has ₹3,111 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Arbitrage Fund Direct - Growth as of 23/04/2025 is ₹13.35. The fund has an expense ratio of 0.13%, which is less than what most other Arbitrage funds charge. Currently, the fund has a -0.27% allocation to equity and 13.78% to Debt.

Mirae Asset Arbitrage Fund Direct - Growth returns of last 1-year are 7.86%. Since launch, it has delivered 6.15% 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 above average.
The fund's equity portion is primarily invested in Financial, Unclassified, Healthcare, Automobile, Services 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, Reserve Bank of India, State Bank of India, Mirae Asset Money Market Fund Direct - Growth, HDFC Bank Ltd..

...

Fund AUM	₹3,111 Crs as on Mar 31, 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.

Amit Modani

Mr. Modani is Chartered Accountant Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.

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	43 view all schemes
Total AUM	₹1,90,637 Crs as on Mar 31, 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 (in Crs.)	1Y	5Y
Mirae Asset Aggressive Hybrid Fund	N.A.	₹8,682 Crs	12.29%	20.42%
Mirae Asset Equity Savings Fund	N.A.	₹1,360 Crs	11.18%	15.55%
Mirae Asset Balanced Advantage Fund	N.A.	₹1,766 Crs	10.98%	N.A.
Mirae Asset Multi Asset Allocation Fund	N.A.	₹1,843 Crs	14.84%	N.A.

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Arbitrage Fund?

The current Net Asset Value (NAV) of the Mirae Asset Arbitrage Fund - Direct Growth plan is approximately ₹13.352 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Arbitrage Fund is a 4 yrs 10 m old fund and has delivered average annual returns of 6.14% since inception.

Mirae Asset Arbitrage Fund Returns

1-Year	3-Year	Since Inception
7.85%	7.34%	6.14%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Arbitrage Fund - Direct Growth has an expense ratio of 0.13%, 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 Mirae Asset Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately ₹3,111 Crs crore as of Mar 31, 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?

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 Mirae Asset 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 Mirae Asset Arbitrage Fund is complete.

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

Redeeming your investments in Mirae Asset 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 Mirae Asset 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 Years.
Expense Ratio: This fund has the 2nd lowest expense ratio amongst actively/passively managed Arbitrage funds.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25%, if redeemed within 15 days.