Mahindra Manulife Arbitrage Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Cost-efficient: expense ratio of 1.91% is lower than category median (2.12%).
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +0.59% | +0.72% | -0.13% |
| 3 Months | +1.39% | +1.49% | -0.10% |
| 6 Months | +2.73% | +3.04% | -0.31% |
| 1 Year | +5.56% | +6.13% | -0.57% |
| 3 Years CAGR | +5.62% | +6.54% | -0.92% |
| 5 Years CAGR | +5.09% | +6.08% | -0.99% |
| Since Inception | +4.63% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mahindra Manulife Arbitrage Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +4.67% | +5.16% | -0.49% |
| 2025 | +5.37% | +6.23% | -0.86% |
| 2024 | +6.12% | +7.46% | -1.34% |
| 2023 | +5.79% | +7.05% | -1.26% |
| 2022 | +3.17% | +4.06% | -0.89% |
| 2021 | +2.80% | +3.55% | -0.75% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | +2.29% | +4.74% | +5.32% | +6.48% | 100.0% | - |
| 3-Year Rolling | +3.55% | +5.04% | +5.31% | +5.87% | 100.0% | - |
| 5-Year Rolling | +4.41% | +4.76% | +4.80% | +5.11% | 100.0% | - |
Risk Profile & Deepest Drawdowns
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity & Equity related instruments including Equity Derivatives * | 65% - 100%Debt Instruments through exposure in Certificate of Deposits, government securities with maturities up to 1 year, Overnight Debt Securities and units of mutual funds: 0% - 35%Exchange Traded Commodity Derivatives (ETCDs)@, Gold ETFs and Silver ETFs: 0% - 20% If the arbitrage opportunities in the market are not available / negligible or returns are lower than alternative investment opportunities as per the allocation pattern, then the Fund Manager may choose to follow an alternate asset allocation, keeping in view the interest of the unitholders. In such defensive circumstances, the asset allocation of the Scheme will be as per the below table:Equity & Equity related instruments including Equity Derivatives *: 0% - 65% Debt Instruments through exposure in Certificate of Deposits, government securities with maturities upto 1 year, Overnight Debt Securities and units of mutual funds^: 35% - 100% ETCDs@, Gold ETFs and Silver ETFs: 0% - 20% ^ units of Liquid Fund, Money Market Fund, or mutual fund schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements. * The Scheme will use derivatives (including index futures, stock futures, index options and stock options) as part of the arbitrage strategy of the Scheme and subject to guidelines issued by SEBI from time to time. The exposure to derivatives shown in the above asset allocation table shall be a hedged exposure taken against the underlying equity investments i.e. in case the Scheme shall have a long position in a security and a corresponding short position in the same security in a different segment, then the exposure for the purpose of asset allocation will be counted only for the long position, in terms of Clause 13.18 of the SEBI Master Circular. The margin money deployed on derivative positions would be included in permissible Debt instruments category as specified in the SID of the Scheme. The total exposure related to option premium paid shall not exceed 20% of the net assets of the Scheme.Note: For detailed Asset Allocation please refer Scheme Information Document of the Scheme available on our website www.mahindramanulife.com |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 143 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as small relative to Arbitrage schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Arbitrage Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| NJ Arbitrage Fund | 3.3 | +6.10% | 1.66% | - | Rs 222 cr | Compare → |
| quant Arbitrage Fund | 8.0 | - | 2.22% | - | Rs 1,185 cr | Compare → |
| BANK OF INDIA Arbitrage Fund | 2.0 | +6.26% | 2.85% | - | Rs 129 cr | Compare → |
| WhiteOak Capital Arbitrage Fund | 6.2 | - | 3.02% | - | Rs 3,150 cr | Compare → |
| Bajaj Finserv Arbitrage Fund | 4.1 | +6.27% | 1.97% | - | Rs 1,352 cr | Compare → |
Frequently Asked Questions about Mahindra Manulife Arbitrage Fund
What is the expense ratio of Mahindra Manulife Arbitrage Fund?
Mahindra Manulife Arbitrage Fund has a total expense ratio (TER) of 1.91% with a base expense ratio of 0.96%, compared to the Arbitrage category median of 2.12%.
Who manages Mahindra Manulife Arbitrage Fund?
Mahindra Manulife Arbitrage Fund is managed by Navin Matta.
What are the historical returns of Mahindra Manulife Arbitrage Fund?
Mahindra Manulife Arbitrage Fund delivered a 3-year CAGR of 5.62% and a 5-year CAGR of 5.09%. Its 1-year return stands at +5.56%.
How large is Mahindra Manulife Arbitrage Fund?
Mahindra Manulife Arbitrage Fund manages assets of Rs 143 cr, placing it in the 'small' size band relative to Arbitrage peers.
How is Mahindra Manulife Arbitrage Fund scored on MFIQ?
Mahindra Manulife Arbitrage Fund holds an MFIQ Score of 3.3/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mahindra Manulife Arbitrage Fund?
Mahindra Manulife Arbitrage Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 1.17% with a maximum historical drawdown of -0.52%.