One Pager as on September 30, 2024
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 | |
Data as on September 30, 2024
#Mutual Fund units as provided above is towards margin for derivatives positions.
Sector | MMAF | Nifty 50 Arbitrage TRI |
Financial Services | 16.42% | 32.92% |
Power | 10.02% | 3.19% |
Metals & Mining | 8.90% | 3.64% |
Oil Gas & Consumable Fuels | 8.49% | 11.25% |
Automobile And Auto Components | 5.81% | 8.08% |
@For the equity portion
Data as on September 30, 2024
Security | % to Net Assets |
Tata Power Company Limited | 7.61% |
HDFC Bank Limited | 4.34% |
Maruti Suzuki India Limited | 3.77% |
Hindustan Petroleum Corporation Limited | 3.73% |
Axis Bank Limited | 3.29% |
Kotak Mahindra Bank Limited | 2.82% |
Tata Steel Limited | 2.73% |
Adani Ports and Special Economic Zone Limited | 2.53% |
UltraTech Cement Limited | 2.47% |
NTPC Limited | 2.40% |
Total | 35.71% |
Annualised Portfolio YTM*1^ | 6.55%2 |
Macaulay Duration^ | 36.94 days2 |
Modified Duration^ | 0.102 |
Residual Maturity^ | 36.94 days2 |
Portfolio Turnover Ratio (Last 1 year) | 9.02 |
As on (Date) | September 30, 2024 |
Standard Deviation | 0.60% |
Beta | 0.68 |
Sharpe Ratio | -3.57 |
Jenson’s Alpha | -0.1294 |
* In case of semi annual YTM, it will be annualised
#Risk-free rate assumed to be 6.76% (MIBOR as on 30-09-24) - Source: www.mmda.org
^ For debt component
1Yield to maturity should not be construed as minimum return offered by the Scheme.
2Calculated on amount invested in debt securities (including accrued interest), deployment of
funds in TREPS and Reverse Repo and net receivable / payable. Data as on September 30, 2024
^Benchmark ^^Additional Benchmark. 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 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.
Abhinav Khandelwal is managing this scheme since April 1, 2022. Mr. Manish Lodha is managing this fund since December 21, 2020.
^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).
^Benchmark CAGR – Compounded Annual Growth Rate. #Dedicated Fund Manager for Overseas Investments.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments.
The performance details provided above are of Growth Option
under Regular Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Mr. Rahul Pal manages 11 schemes, Mr. Abhinav Khandelwal manages 6 schemes
and Mr. Manish Lodha manages 10 schemes each of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Performance as on September 30, 2024
This product is suitable for investors who are seeking*:
• Income over short term;
• Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
*Please consult your tax advisor before investing.