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mahindra manulife arbitrage fund direct growth
Mahindra Manulife Arbitrage Fund Direct Growth

Mahindra Manulife Arbitrage Fund Direct Growth

  • Low Risk
  • Alternative
  • Arbitrage Fund
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NAV as on Jan 7, 2026
i
Price per unit of the scheme.
₹ 13.24800.02%1 Day Change
0.65%
Minimum Investment₹1000
Expense Ratio0.35%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
*Morningstar Rating Methodologyi
i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions
 

bt_logoFUND PERFORMANCE

As On Jan 01, 2023
Compare fund’s performance against category average across different time periods


No Data Found.
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

bt_logoFUND COMPARISON

1M3M6M1Y3Y5Y
This Fund
Mahindra Manulife Arbitrage Fund Direct Growth
VS
Alternative: Arbitrage Fund Average NAV
    Topper in Alternative: Arbitrage Fund
    All Fund


    No Data Found.
    *For the other fund, rescaled NAVs are used
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    bt_logoRETURN CALCULATOR

    Check the return on your investment in the fund
    Mahindra Manulife Arbitrage Fund Direct Growth
    Investment Type
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹0
    • Return
      ₹0
    • Current Value
      ₹0

    bt_logoFUND SUMMARY

    Benchmark
    NIFTY 50 Arbitrage TR INR
    Expense Ratio
    0.35%
    Category Avg Expense Ratio
    0.38%
    Minimum Investment (Lumpsum/SIP)
    ₹ 1000 /₹ 1500
    Lock In (Years)
    No Lock-in
    Fund Size
    ₹ 86.64 Cr(As on Nov, 2025)
    Inception Date
    Aug 24, 2020
    Turnover
    812.00 %
    Exit Load
    An exit load of 0.25% is payable if Units are redeemed / switched-out on or before completion of 30 days from the date of allotment of Units; Nil - If Units are redeemed / switched-out after completion of 30 days from the date of allotment of Units.

    bt_logoABOUT THE FUND

    Objective: The investment objective of the Scheme is 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. However, there can be no assurance that the investment objective of the Scheme will be achieved.

    Mahindra Manulife Arbitrage Fund Direct Growth is an Alternative - Arbitrage Fund fund. The fund was launched inAug 24, 2020. Its risk level is . The NAV of the fund as onJan 07, 2026 is ₹13.25. Its expense ratio is 0.35 %. The fund has an AUM of ₹86.64 Cr.The fund is managed byRahul Pal,Manish Lodha,Abhinav Khandelwal,Navin Matta,Mitul Doshi.
    The minimum initial investment is  ₹1000 in Lumpsum mode.

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    bt_logoFUND MANAGER

    Abhinav Khandelwal
    Abhinav Khandelwal
    i
    Lead Fund Manager.
    Apr 1, 2022 - Present
    • Schemes managed8
    • Total AUM₹ 24,521.88 Cr
    • Highest Return In 1 Yr11.72 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mahindra Manulife Small Cap Fund Direct Growth
    --
    ₹ 20.51
    1.36%
    1.11%
    Very High Risk
    ₹4,234.86Cr
    Mahindra Manulife Consumption Fund Direct Growth
    --
    ₹ 25.84
    -0.63%
    -0.45%
    Very High Risk
    ₹565.24Cr
    Mahindra Manulife Large & Mid Cap Fund Direct Growth
    ₹ 30.95
    2.24%
    0.76%
    Very High Risk
    ₹2,796.32Cr
    Mahindra Manulife Small Cap Fund Direct Growth
    Very High Risk--
    • NAV₹ 20.51
    • Fund Size₹4,234.86Cr
    Fund Return1.36%
    Category Return1.11%
    Mahindra Manulife Consumption Fund Direct Growth
    Very High Risk--
    • NAV₹ 25.84
    • Fund Size₹565.24Cr
    Fund Return-0.63%
    Category Return-0.45%
    Mahindra Manulife Large & Mid Cap Fund Direct Growth
    Very High Risk
    • NAV₹ 30.95
    • Fund Size₹2,796.32Cr
    Fund Return2.24%
    Category Return0.76%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Rahul Pal
    Rahul Pal
    i
    Lead Fund Manager.
    Aug 24, 2020 - Present
    • Schemes managed10
    • Total AUM₹ 5,846.54 Cr
    • Highest Return In 1 Yr10.14 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mahindra Manulife Ultra Short Duration Fund Direct Growth
    ₹ 1,454.82
    0.38%
    0.30%
    Moderate Risk
    ₹199.69Cr
    Mahindra Manulife Short Duration Fund Direct Growth
    --
    ₹ 13.71
    0.13%
    -0.02%
    Moderate Risk
    ₹77.50Cr
    Mahindra Manulife Liquid Fund Direct Plan Growth
    --
    ₹ 1,770.49
    0.50%
    0.40%
    Low to Moderate Risk
    ₹1,189.95Cr
    Mahindra Manulife Ultra Short Duration Fund Direct Growth
    Moderate Risk
    • NAV₹ 1,454.82
    • Fund Size₹199.69Cr
    Fund Return0.38%
    Category Return0.30%
    Mahindra Manulife Short Duration Fund Direct Growth
    Moderate Risk--
    • NAV₹ 13.71
    • Fund Size₹77.50Cr
    Fund Return0.13%
    Category Return-0.02%
    Mahindra Manulife Liquid Fund Direct Plan Growth
    Low to Moderate Risk--
    • NAV₹ 1,770.49
    • Fund Size₹1,189.95Cr
    Fund Return0.50%
    Category Return0.40%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Manish Lodha
    Manish Lodha
    i
    Lead Fund Manager.
    Dec 21, 2020 - Present
    • Schemes managed10
    • Total AUM₹ 23,622.05 Cr
    • Highest Return In 1 Yr10.26 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mahindra Manulife Small Cap Fund Direct Growth
    --
    ₹ 20.51
    1.36%
    1.11%
    Very High Risk
    ₹4,234.86Cr
    Mahindra Manulife Multi Cap Fund Direct Plan Growth
    ₹ 42.87
    2.23%
    0.67%
    Very High Risk
    ₹6,125.13Cr
    Mahindra Manulife Flexi Cap Fund Direct Growth
    --
    ₹ 18.17
    0.46%
    0.55%
    Very High Risk
    ₹1,604.65Cr
    Mahindra Manulife Small Cap Fund Direct Growth
    Very High Risk--
    • NAV₹ 20.51
    • Fund Size₹4,234.86Cr
    Fund Return1.36%
    Category Return1.11%
    Mahindra Manulife Multi Cap Fund Direct Plan Growth
    Very High Risk
    • NAV₹ 42.87
    • Fund Size₹6,125.13Cr
    Fund Return2.23%
    Category Return0.67%
    Mahindra Manulife Flexi Cap Fund Direct Growth
    Very High Risk--
    • NAV₹ 18.17
    • Fund Size₹1,604.65Cr
    Fund Return0.46%
    Category Return0.55%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Navin Matta
    Navin Matta
    i
    Lead Fund Manager.
    Oct 24, 2024 - Present
    • Schemes managed3
    • Total AUM₹ 1,202.82 Cr
    • Highest Return In 1 Yr9.21 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mahindra Manulife Consumption Fund Direct Growth
    --
    ₹ 25.84
    -0.63%
    -0.45%
    Very High Risk
    ₹565.24Cr
    Mahindra Manulife Arbitrage Fund Direct Growth
    --
    ₹ 13.25
    0.65%
    0.58%
    Low Risk
    ₹86.64Cr
    Mahindra Manulife Equity Savings Fund Direct Growth
    ₹ 25.05
    0.67%
    0.18%
    Moderately High risk
    ₹550.94Cr
    Mahindra Manulife Consumption Fund Direct Growth
    Very High Risk--
    • NAV₹ 25.84
    • Fund Size₹565.24Cr
    Fund Return-0.63%
    Category Return-0.45%
    Mahindra Manulife Arbitrage Fund Direct Growth
    Low Risk--
    • NAV₹ 13.25
    • Fund Size₹86.64Cr
    Fund Return0.65%
    Category Return0.58%
    Mahindra Manulife Equity Savings Fund Direct Growth
    Moderately High risk
    • NAV₹ 25.05
    • Fund Size₹550.94Cr
    Fund Return0.67%
    Category Return0.18%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Mitul Doshi
    Mitul Doshi
    i
    Lead Fund Manager.
    May 2, 2025 - Present
    • Schemes managed1
    • Total AUM₹ 86.64 Cr
    • Highest Return In 1 Yr6.16 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mahindra Manulife Arbitrage Fund Direct Growth
    --
    ₹ 13.25
    0.65%
    0.58%
    Low Risk
    ₹86.64Cr
    Mahindra Manulife Arbitrage Fund Direct Growth
    Low Risk--
    • NAV₹ 13.25
    • Fund Size₹86.64Cr
    Fund Return0.65%
    Category Return0.58%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoDETAILED PORTFOLIO

    As on Nov, 2025
    EQUITY (-0.45%)
    DEBT (14.47%)
    CASH (85.91%)
    Allocation by Market Cap
    Other Cap(0.07%)
    Industry Holdings
    • Banks Regional18.92%
    • Building Materials11.18%
    • Utilities Independent Power Producers10.62%
    • Engineering Construction9.74%
    • Telecom Services8.11%
    • Oil Gas Refining Marketing6.97%
    Stock Holdings
    • Future on Axis Bank Ltd8.17%
    • Axis Bank Ltd8.12%
    • Future on UltraTech Cement Ltd7.89%
    • UltraTech Cement Ltd7.83%
    • Future on Tata Power Co Ltd7.49%
    • Tata Power Co Ltd7.44%

    bt_logoPERFORMANCE MEASURES

    Fund evaluation across critical parameters for better decision making. Study period is 3 years.
    • Consistency
      i
      It represents the consistency of a fund in beating its benchmark.
      ----
    • Downside Risk
      i
      Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
      ----
    • Risk Adjusted Return
      i
      Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
    • Volatility
      i
      Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
    • Upside Capture Ratio
      i
      Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
      ----
    • Downside Capture Ratio
      i
      Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
      ----

    bt_logoHISTORICAL RISK MEASURES

    Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
    • Alpha: Excess return of the fund over benchmark
      i
      Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
      --
      This Fund
      VS
      --
      Category Avg
    • R-Squared: How well the fund tracks benchmark
      i
      R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
      --
      This Fund
      VS
      --
      Category Avg
    • Beta: Risk of the fund in relation to benchmark
      i
      Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
      --
      This Fund
      VS
      --
      Category Avg
    • Sharpe Ratio: Risk adjusted return of the fund
      i
      Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
      -0.22
      This Fund
      VS
      1.01
      Category Avg
    • Sortino Ratio: Return per unit of bad risk
      i
      A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
      -0.30
      This Fund
      VS
      3.25
      Category Avg
    • Standard Devation: Volatility of the fund
      i
      Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
      0.35
      This Fund
      VS
      0.53
      Category Avg
    Benchmark used in calculation : S&P BSE 500 India TR INR

    bt_logoPEER ANALYSIS

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoTOP FUNDS FROM THIS AMC

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoABOUT THE AMC

    company icon
    Mahindra Manulife Investment Management Pvt. Ltd.
    Mahindra Manulife Investment Management Pvt. Ltd. manages assets worth ₹ 33,324.13 crores. It’s current offering of mutual fund schemes includes 15 equity, 4 debt and 5 hybrid schemes.
    phone icon
    Phone
    022-66327900
    mail icon
    Email
    mfinvestors@mahindra.com
    aum
    AUM
    ₹ 33,324.13 Cr (
    As on Nov 30, 2025
    )
    location
    Address
    570 P. B. Marg, Worli, Mumbai 400018 Mumbai,400018

    bt_logoFAQ's

    What is the category of Mahindra Manulife Arbitrage Fund Direct Growth ?
    The category of Mahindra Manulife Arbitrage Fund Direct Growth is Alternative - Arbitrage Fund
    What is the current NAV of Mahindra Manulife Arbitrage Fund Direct Growth ?
    The current NAV of Mahindra Manulife Arbitrage Fund Direct Growth as on Jan 07, 2026 is ₹13.25
    How safe is Mahindra Manulife Arbitrage Fund Direct Growth ?
    The risk level of Mahindra Manulife Arbitrage Fund Direct Growth is Low.
    What are short term returns given by Mahindra Manulife Arbitrage Fund Direct Growth ?
    The return given by Mahindra Manulife Arbitrage Fund Direct Growth in 1 month is 0.65%, 3 months is 1.72%, 6 months is 3.08%, and 1 year is 6.16%
    What are the long term returns given by Mahindra Manulife Arbitrage Fund Direct Growth ?
    The return given by Mahindra Manulife Arbitrage Fund Direct Growth in 3 years is 6.61% and 5 years is 5.54%.
    What is the expense ratio of Mahindra Manulife Arbitrage Fund Direct Growth ?
    The expense ratio of Mahindra Manulife Arbitrage Fund Direct Growth is 0.35%
    What is the AUM of Mahindra Manulife Arbitrage Fund Direct Growth ?
    The assets under Management (AUM) of Mahindra Manulife Arbitrage Fund Direct Growth is Rs 86.64 crores.
    What is the minimum investment in Mahindra Manulife Arbitrage Fund Direct Growth ?
    The minimum Lumpsum investment in Mahindra Manulife Arbitrage Fund Direct Growth is ₹1,000.00 and the minimum SIP investment in Mahindra Manulife Arbitrage Fund Direct Growth is ₹1,500.00
    What is the asset allocation of Mahindra Manulife Arbitrage Fund Direct Growth?
    Mahindra Manulife Arbitrage Fund Direct Growth has an exposure of 14.47% in Debt and 85.91% in Cash & Money Market Securities

    bt_logoCALCULATORS

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