MAHINDRA MANULIFE ARBITRAGE FUND
(An open ended scheme investing in arbitrage opportunities)
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| Data as on 30th, November 2024 | ||||
| Investment 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. |
| Fund Features |
Relatively lower risk as arbitrage strategy focuses on protecting downside risk by capturing market spreads Better tax efficiency on returns compared to short term debt funds One of the least volatile hybrid schemes that is suitable for investment across market cycles |
| Fund Manager and Experience | Fund Manager (Equity): Mr. Navin Matta Total Experience: 19 years Experience in managing this fund: 1 month (Managing since October 24, 2024) Fund Manager (Equity): Mr. Manish Lodha Total Experience: 23 years Experience in managing this fund: 3 years and 11 months (Managing since December 21, 2020) Fund Manager (Debt): Mr. Rahul Pal Total Experience: 22 years Experience in managing this fund: 4 years and 3 months (Managing since August 24, 2020) |
| Date of allotment | August 24, 2020 |
| Benchmark | Nifty 50 Arbitrage TRI |
| Options | IDCW (IDCW Option will have IDCW Reinvestment (D) & IDCW Payout facility) and Growth (D) D-Default |
| Minimum Amount for Subscription / Purchase | Rs. 1,000/- and in multiples of Re. 1/- thereafter |
| Minimum Amount for Switch in | Rs. 1,000/- and in multiples of Re. 0.01/- thereafter |
| Minimum Amount for Redemption / Switch-outs: | Rs. 1,000/- or 100 units or account balance, whichever is lower |
| Minimum Weekly & Monthly SIP Amount | Rs 500 and in multiples of Re 1 thereafter |
| Monthly AAUM as on November 30, 2024 (Rs. in Cr.): | 108.21 |
| Monthly AUM as on November 30, 2024 (Rs. in Cr.): | 106.53 |
| Total Expense Ratio1 as on November 30, 2024 |
Regular Plan: 1.21% Direct Plan: 0.41% 1Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and Services Tax. |
| Load Structure: | Entry Load: N.A. 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. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO). |
| Annualised Portfolio YTM*2^: | 6.58%3 |
| Macaulay Duration^: | 54.04 days3 |
| Modified Duration^: | 0.153 |
| Residual Maturity^: | 54.04 days3 |
| Portfolio Turnover Ratio (Last 1 year): | 8.93 |
| As on (Date) | November 30, 2024 |
| Standard Deviation | 0.59% |
| Beta | 0.66 |
| Sharpe Ratio# | -3.37 |
| Jenson's Alpha | -0.1363 |
| *In case of semi annual YTM, it will be annualised ^For debt component #Risk-free rate assumed to be 6.76% (MIBOR as on 29-11-24) Source: www.mmda.org Note: As per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns for last 3 years. Data as on November 30, 2024 |
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NAV as on November 29, 2024
| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| IDCW | 11.9528 |
12.3822 |
| Growth | 11.9528 |
12.3822 |
| IDCW: Income Distribution cum Capital Withdrawal. Note: As November 30, 2024 was a non business days, the NAV disclosed above is as on November 29, 2024. |
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Company / Issuer |
Rating |
% of Net Assets |
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|---|---|---|---|
| Fully Hedged equity | |||
| Construction | 5.09% |
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Larsen & Toubro Limited | 5.09% |
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| Construction Materials | 2.31% |
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| UltraTech Cement Limited | 2.31% |
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| Consumer Durables | 1.49% |
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| Titan Company Limited | 1.49% |
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| Fast Moving Consumer Goods | 2.56% |
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| ITC Limited | 1.43% |
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| Hindustan Unilever Limited | 1.12% |
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| Financial Services | 18.22% |
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IndusInd Bank Limited | 6.78% |
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Axis Bank Limited | 4.87% |
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| Kotak Mahindra Bank Limited | 2.65% |
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| Cholamandalam Investment and Finance Company Ltd | 1.67% |
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| Bajaj Finserv Limited | 1.48% |
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| Canara Bank | 0.78% |
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| Healthcare | 1.17% |
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| Sun Pharmaceutical Industries Limited | 1.17% |
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| Information Technology | 1.52% |
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| Infosys Limited | 1.12% |
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| Wipro Limited | 0.41% |
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| Metals & Mining | 5.72% |
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| Tata Steel Limited | 2.31% |
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| Hindalco Industries Limited | 1.29% |
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| Vedanta Limited | 1.27% |
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| Steel Authority of India Limited | 0.84% |
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| Oil Gas & Consumable Fuels | 15.05% |
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Reliance Industries Limited | 8.37% |
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Hindustan Petroleum Corporation Limited | 3.20% |
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| Coal India Limited | 1.81% |
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| Oil & Natural Gas Corporation Limited | 1.67% |
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| Power | 8.96% |
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Tata Power Company Limited | 6.46% |
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| NTPC Limited | 2.51% |
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| Services | 2.06% |
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| Adani Ports and Special Economic Zone Limited | 2.06% |
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| Telecommunication | 4.76% |
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Bharti Airtel Limited | 2.76% |
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| Indus Towers Limited | 2.01% |
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| Equity and Equity Related Total | 68.92% |
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| Mutual Fund Units | 5.18% |
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Mahindra Manulife Liquid Fund -Direct Plan -Growth** | Others |
5.18% |
| Treasury Bill | 13.84% |
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364 Days Tbill (MD 23/01/2025) | SOV |
4.65% |
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364 Days Tbill (MD 16/10/2025) | SOV |
2.66% |
| 364 Days Tbill (MD 12/12/2024) | SOV |
1.87% |
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| 364 Days Tbill (MD 26/12/2024) | SOV |
1.87% |
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| 364 Days Tbill (MD 02/01/2025) | SOV |
1.87% |
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| 364 Days Tbill (MD 02/05/2025) | SOV |
0.91% |
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| Cash & Other Receivables | 12.07% |
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| Grand Total | 100.00% |
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| ( Top Ten Holdings - Issuer wise) as on November 30, 2024
**Mutual Fund units as provided above is towards margin for derivatives positions. | |||
| Mahindra Manulife Arbitrage Fund | CAGR Returns (%) |
Value of Investment of Rs. 10,000* |
NAV / Index Value (as on November 29, 2024) |
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| Managed by Mr. Navin Matta (Equity) & Mr. Manish Lodha (Equity); Mr. Rahul Pal (Debt) | 1 Year |
3 Years |
Since Inception |
1 Year |
3 Years |
Since Inception |
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| Regular Plan - Growth Option | 6.07 |
4.88 |
4.27 |
10,607 |
11,537 |
11,953 |
11.9528 |
| Direct Plan - Growth Option | 6.91 |
5.74 |
5.13 |
10,691 |
11,823 |
12,382 |
12.3822 |
| Nifty 50 Arbitrage^ | 7.49 |
6.43 |
5.66 |
10,749 |
12,055 |
12,649 |
2,407.79 |
| CRISIL 1 Year T-Bill^^ | 7.56 |
6.08 |
5.33 |
10,756 |
11,936 |
12,483 |
7,455.32 |
^Benchmark ^^Additional Benchmark. CAGR - Compounded Annual Growth Rate. Inception/Allotment date: 24-Aug-20. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of
Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the
relevant period. Mr. Navin Matta is managing this scheme since October 24, 2024. Mr. Manish Lodha is managing this fund since December 21, 2020. For performance details of other schemes managed by the Fund Manager(s), please click here | Best Viewed in Landscape mode
| Mahindra Manulife Arbitrage Fund | Regular Plan |
Direct Plan |
Nifty 50 Arbitrage TRI^ |
Crisil 1 Yr T-Bill Index^^ |
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| SIP Investment Period | Total Amount Invested (  ) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
| 1 Year | 120,000 |
123,715 |
5.83 |
124,243 |
6.67 |
124,524 |
7.11 |
124,826 |
7.59 |
| 3 Year | 360,000 |
391,755 |
5.58 |
396,761 |
6.43 |
401,063 |
7.16 |
399,878 |
6.96 |
| Since Inception | 510,000 |
568,196 |
5.04 |
578,608 |
5.89 |
586,579 |
6.53 |
583,098 |
6.25 |
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 24-Aug-20. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return). For SIP Performance please click here | Best Viewed in Landscape mode
Product Suitability |
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| This Product is Suitable for investors who are seeking* | |
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Scheme Riskometers |
Benchmark Riskometers |
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 As per AMFI Tier I Benchmark i.e. Nifty 50 Arbitrage TRI |
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
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