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Mahindra Manulife Arbitrage Fund Direct-growth
Hybrid
Large Cap
Low Risk
Latest AUM
₹ 126.4 Cr.
NAV as on 03 aug, 2026
₹ 13.77
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Mahindra Manulife Arbitrage Fund Direct-growth
Inception Date
24 Aug 2020
Lock In
No Lock-in
SIP Minimum Investment amount
₹500
SWP Minimum Investment amount
₹500
STP Minimum Investment amount
₹500
Risk
Principal at low risk
Category Average Annual Returns
6.53
Portfolio Composition Analysis
Debt
21.58%
Cash
78.82%
Portfolio Updated on: 09 Jul, 2026
Sector Allocations
Equity
Financial
Materials
Energy & Utilities
Technology
Consumer Discretionary
Industrials
Healthcare
Consumer Staples
Portfolio Updated on: 03 aug, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 7.75% |
| ICICI Bank Ltd | Financial | Equity | 6.78% |
| ICICI Bank Ltd | Financial | Equity | 6.78% |
| HDFC Bank Ltd | Financial | Equity | 6.77% |
| HDFC Bank Ltd | Financial | Equity | 6.77% |
| HDFC Bank Ltd | Financial | Equity | 6.93% |
| HDFC Bank Ltd | Financial | Equity | 7.80% |
| ICICI Bank Ltd | Financial | Equity | 6.46% |
| Axis Bank Ltd | Financial | Equity | 7.75% |
| Ultratech Cement Ltd | Materials | Equity | 7.63% |
Debt & Credit Risk Analysis
| Sharpe Ratio | 1.41% |
| Standard Deviation | 0.45% |
| Sortino Ratio | 1.64% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 2.12% | NA | 1.51% |
| 6 Months | 3.47% | NA | 3.08% |
| 9 Months | 5.28% | NA | 4.74% |
| 1 Year | 6.64% | 6.64% | 6.53% |
| 2 Years | 13.25% | 6.42% | 6.99% |
| 3 Years | 21.58% | 6.73% | 6.77% |
| 5 Years | 32.82% | 5.84% | 5.46% |
Mahindra Manulife Arbitrage Fund Direct-growth is one Hybrid mutual fund offered by Mahindra Manulife Mutual Fund. Launched on 24 Aug 2020, the fund aims Income over short term. Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment. It manages assets worth ₹126.4 crore as on Tue Jun 30, 2026. The expense ratio stands at 1.16%.
Mitul Doshi has experience Prior to joining Mahindra Manulife AMC, he was associated with Edelweiss AMC, Way2wealth Brokers Pvt ltd.
Navin Matta has experience 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.
Rahul Pal has experience Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Invesco India Arbitrage Fund Direct-growth | 25,281.9 | +0.89% | +2.20% | +3.65% | +7.02% | +7.75% | +7.04% |
| Invesco India Arbitrage Fund Direct-idcw | 25,281.9 | +0.89% | +2.20% | +3.65% | +7.02% | +7.75% | +7.04% |
| Kotak Arbitrage Fund Direct-growth | 72,409.4 | +0.95% | +2.23% | +3.75% | +7.00% | +7.79% | +6.95% |
| Kotak Arbitrage Fund Direct-idcw Monthly | 72,409.4 | +0.95% | +2.23% | +3.75% | +7.00% | +7.79% | +6.95% |
| Edelweiss Arbitrage Fund Direct-growth | 15,062.3 | +0.90% | +2.20% | +3.70% | +6.94% | +7.73% | +6.91% |
| Edelweiss Arbitrage Fund Direct-idcw | 15,062.3 | +0.90% | +2.20% | +3.70% | +6.94% | +7.73% | +6.91% |
| Edelweiss Arbitrage Fund Direct-idcw Monthly | 15,062.3 | +0.90% | +2.20% | +3.70% | +6.94% | +7.73% | +6.91% |
| SBI Arbitrage Opportunities Fund Direct-growth | 45,923.1 | +0.94% | +2.19% | +3.65% | +6.86% | +7.60% | +6.87% |
| SBI Arbitrage Opportunities Fund Direct-idcw | 45,923.1 | +0.94% | +2.19% | +3.65% | +6.86% | +7.60% | +6.87% |
| Tata Arbitrage Fund Direct-growth | 24,026.0 | +0.88% | +2.16% | +3.67% | +6.98% | +7.77% | +6.85% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Mahindra Manulife Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Arbitrage Fund Regular-growth | 126.4 | +0.91% | +1.91% | +3.07% | +5.82% | +5.89% | +4.99% |
| Mahindra Manulife Arbitrage Fund Regular-idcw | 126.4 | +0.91% | +1.91% | +3.07% | +5.82% | +5.89% | +4.99% |
| Mahindra Manulife Arbitrage Fund Direct-idcw | 126.4 | +0.97% | +2.12% | +3.47% | +6.64% | +6.73% | +5.84% |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Kotak Arbitrage Fund Direct-growth | 72,409.4 | +0.95% | +2.23% | +3.75% | +7.00% | +7.79% | +6.95% |
| Kotak Arbitrage Fund Regular-growth | 72,409.4 | +0.90% | +2.07% | +3.43% | +6.35% | +7.15% | +6.32% |
| Kotak Arbitrage Fund Direct-idcw Monthly | 72,409.4 | +0.95% | +2.23% | +3.75% | +7.00% | +7.79% | +6.95% |
| Kotak Arbitrage Fund Regular-idcw Monthly | 72,409.4 | +0.90% | +2.07% | +3.43% | +6.35% | +7.15% | +6.32% |
| SBI Arbitrage Opportunities Fund-growth | 45,923.1 | +0.90% | +2.06% | +3.39% | +6.33% | +7.05% | +6.34% |
| SBI Arbitrage Opportunities Fund Direct-growth | 45,923.1 | +0.94% | +2.19% | +3.65% | +6.86% | +7.60% | +6.87% |
| SBI Arbitrage Opportunities Fund-idcw | 45,923.1 | +0.90% | +2.06% | +3.39% | +6.33% | +7.05% | +6.34% |
| SBI Arbitrage Opportunities Fund Direct-idcw | 45,923.1 | +0.94% | +2.19% | +3.65% | +6.86% | +7.60% | +6.87% |
| ICICI Prudential Arbitrage Direct-growth | 33,423.3 | +0.92% | +2.19% | +3.64% | +6.87% | +7.62% | +6.74% |
| ICICI Prudential Arbitrage-growth | 33,423.3 | +0.88% | +2.05% | +3.37% | +6.31% | +7.03% | +6.14% |
Top funds are based on Fund AUM
Top Hybrid Funds
| Fund name | ||||
|---|---|---|---|---|
| Invesco India Arbitrage Fund Direct-growth | ₹37.19 | +7.75% | +7.04% | — |
| Invesco India Arbitrage Fund Direct-idcw | ₹20.20 | +7.75% | +7.04% | — |
| Kotak Arbitrage Fund Direct-growth | ₹43.15 | +7.79% | +6.95% | — |
| Kotak Arbitrage Fund Direct-idcw Monthly | ₹11.26 | +7.79% | +6.95% | — |
| Edelweiss Arbitrage Fund Direct-growth | ₹22.40 | +7.73% | +6.91% | — |
| Edelweiss Arbitrage Fund Direct-idcw | ₹16.01 | +7.73% | +6.91% | — |
| Edelweiss Arbitrage Fund Direct-idcw Monthly | ₹18.29 | +7.73% | +6.91% | — |
| Sbi Arbitrage Opportunities Fund Direct-growth | ₹38.69 | +7.60% | +6.87% | — |
| Sbi Arbitrage Opportunities Fund Direct-idcw | ₹20.90 | +7.60% | +6.87% | — |
| Tata Arbitrage Fund Direct-growth | ₹16.29 | +7.77% | +6.85% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 03 Aug 2026 | ₹13.77 |
| 31 Jul 2026 | ₹13.70 |
| 30 Jul 2026 | ₹13.70 |
| 29 Jul 2026 | ₹13.70 |
| 28 Jul 2026 | ₹13.69 |
| 27 Jul 2026 | ₹13.68 |
| 24 Jul 2026 | ₹13.68 |
| 23 Jul 2026 | ₹13.68 |
| 22 Jul 2026 | ₹13.68 |
| 21 Jul 2026 | ₹13.68 |
| 20 Jul 2026 | ₹13.67 |
| 17 Jul 2026 | ₹13.67 |
| 16 Jul 2026 | ₹13.66 |
| 15 Jul 2026 | ₹13.66 |
| 14 Jul 2026 | ₹13.67 |
| 13 Jul 2026 | ₹13.65 |
| 10 Jul 2026 | ₹13.65 |
| 09 Jul 2026 | ₹13.65 |
| 08 Jul 2026 | ₹13.66 |
| 07 Jul 2026 | ₹13.66 |
| 06 Jul 2026 | ₹13.65 |
| 03 Jul 2026 | ₹13.64 |
| 02 Jul 2026 | ₹13.64 |
| 01 Jul 2026 | ₹13.63 |
| 30 Jun 2026 | ₹13.61 |
| 29 Jun 2026 | ₹13.62 |
| 25 Jun 2026 | ₹13.62 |
| 24 Jun 2026 | ₹13.61 |
| 23 Jun 2026 | ₹13.62 |
| 22 Jun 2026 | ₹13.62 |
Portfolio Updated on: 04 Aug, 2026
Fund Growth & Size Analysis
+₹126.4 Cr
Since Launch
This Fund
Category Average
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Mahindra Manulife Arbitrage Fund Direct-growth Returns Comparison
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Mahindra Manulife Arbitrage Fund Direct-growth FAQ'S
- Sharpe Ratio: 1.41%
- Standard Deviation: 0.45%
- Sortino Ratio: 1.64%
Additional important ratios:
As of Tue Jun 30, 2026, the total assets managed under Mahindra Manulife Arbitrage Fund Direct-growth stand at approximately ₹ 126.4 crore.
The Mahindra Manulife Arbitrage Fund Direct-growth has delivered the following short-term performance:
- 3 Months Return: 2.12%
- 6 Months Return: 3.47%
The historical growth of the Mahindra Manulife Arbitrage Fund Direct-growth is reflected through its CAGR returns:
- 3 Year CAGR: 6.73%
- 5 Year CAGR: 5.84%
- Return Since Launch: 5.53%
The portfolio of Mahindra Manulife Arbitrage Fund Direct-growth is distributed across different asset classes as follows:
- Debt Instruments: 21.58%
- Other Assets: 78.82%
The Mahindra Manulife Arbitrage Fund Direct-growth is managed by Rahul Pal, representing Mahindra Manulife Mutual Fund.
The Mahindra Manulife Arbitrage Fund Direct-growth investments are allocated across market caps in the following manner:
- Large Cap Stocks: 97.64%
- Mid Cap Stocks: 2.36%
Top stock holdings of Mahindra Manulife Arbitrage Fund Direct-growth include:
- HDFC Bank Ltd – represents 7.75% of the portfolio
- ICICI Bank Ltd – represents 6.78% of the portfolio
- ICICI Bank Ltd – represents 6.78% of the portfolio
- HDFC Bank Ltd – represents 6.77% of the portfolio
- HDFC Bank Ltd – represents 6.77% of the portfolio
- HDFC Bank Ltd – represents 6.93% of the portfolio
- HDFC Bank Ltd – represents 7.80% of the portfolio
- ICICI Bank Ltd – represents 6.46% of the portfolio
- Axis Bank Ltd – represents 7.75% of the portfolio
- Ultratech Cement Ltd – represents 7.63% of the portfolio
Major sector exposures in Mahindra Manulife Arbitrage Fund Direct-growth are:
- Financial – accounts for 274.33% of the portfolio
- Materials – accounts for 174.77% of the portfolio
- Energy & Utilities – accounts for 161.83% of the portfolio
- Technology – accounts for 89.74% of the portfolio
- Consumer Discretionary – accounts for 82.52% of the portfolio
