MAHINDRA MANULIFE ARBITRAGE FUND
(An open ended scheme investing in arbitrage opportunities
No investment in InvITs is permitted.)
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| Data as on 30th September 2026 |
Product Suitability: 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
Scheme Riskometer*
Scheme Benchmark Riskometer*
As per AMFI Tier I Benchmark i.e. Nifty 50 Arbitrage TRI
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Fund Details| Date of Inception / Allotment | : August 24, 2020 |
| Benchmark Name | : Nifty 50 Arbitrage TRI |
| NAV as on September 30, 2026: |
| NAV/Unit | Regular Plan (In Rs.) | Direct Plan (In Rs.) |
| IDCW | 12.5453 | 13.2139 |
| Growth | 13.1505 | 13.8199 |
IDCW History : Click Here
AUM as on September 30, 2026:
| Monthly AUM | : Rs 137.56 crores |
| Monthly AAUM | : Rs 136.62 crores |
| Quarterly AAUM | : Rs 134.27 crores |
Fund Manager Details|
Name of Fund Manager: Mr. Mitul Doshi | |
| Total Experience | : 22 years |
| Managing Since | : 02-May-25 |
| Mr. Navin Matta | |
| Total Experience | : 21 years |
| Managing Since | : 24-Oct-24 |
| Mr. Rahul Pal | |
| Total Experience | : 24 years |
| Managing Since | : 24-Aug-20 |
Minimum Investment
Lumpsum Amount:
Rs. 1,000 and in multiples of Rs.
1 thereafter
Minimum Weekly & Monthly SIP Amount:
Rs 500 and in multiples of Re 1 thereafter
Load Structure
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).
Expense Ratio
Base Expense Ratio1
as on September 30, 2026:
Regular Plan : 0.96%
Direct Plan : 0.31%
1Base Expense Ratio excludes Brokerage Fees, Transaction Cost and other applicable statutory levies. For details of the Total Expense Ratio (TER), please refer the TER disclosure available on the website by visiting the link - https://www.mahindramanulife.com/downloads#mandatory-disclosures
Quantitative Measures /
Risk Measures| Standard Deviation | : 0.44% |
| Beta | : 0.51 |
| Sharpe Ratio# | : 1.12 |
| Tracking Error (%) | : NA |
| Tracking Difference (%) | : NA |
| Information Ratio | : NA |
#Risk-free rate assumed to be 5.07% (TREPS as on
30-09-2026).
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 September 30, 2026.
| Compounded Annualised Returns | Scheme Returns % (Regular) | Scheme Returns % (Direct) | Benchmark Returns % |
| Returns for the last 1 year | 5.45 | 6.27 | 7.33 |
| Returns for the last 3 years | 5.57 | 6.40 | 7.42 |
| Returns for the last 5 years | 4.98 | 5.83 | 6.69 |
| Returns since Inception | 4.59 | 5.44 | 6.19 |
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. Mr. Navin Matta is managing this scheme since October 24, 2024. Mr. Mitul Doshi is managing this scheme since May 02, 2025.
Company / Issuer |
Net Assets |
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|---|---|---|
1. | ICICI Bank Limited | 5.99% |
2. | HDFC Bank Limited | 5.53% |
3. | Bajaj Finance Limited | 4.81% |
4. | Axis Bank Limited | 4.68% |
5. | Hindalco Industries Limited | 4.22% |
6. | Tata Power Company Limited | 4.09% |
7. | Kotak Mahindra Bank Limited | 3.40% |
8. | Bharti Airtel Limited | 3.28% |
9. | Reliance Industries Limited | 2.98% |
10. | IDFC First Bank Limited | 2.97% |
| Portfolio Turnover Ratio (Annualized) | 9.28 |
| a) Equity Turnover (%) | 0.68 |
| b) Gross Exposure Turnover (%) | 9.13 |
| (Equity + Debt + Derivatives) | |
| Average Maturity (yrs) | 1.00 |
| Macaulay Duration (yrs) | 1.00 |
| Modified Duration (yrs) | 1.00 |
| Annualized Portfolio Yield | 5.15% |
| Yield to Maturity (%) | 5.15% |
 | Risks associated with the Scheme’s Arbitrage Strategy |
| | Risks associated with investments in Equity and Equity Related Instruments |
| | Risks associated with investments in Fixed Income Securities |
| | Risks associated with Real Estate Investment Trust REITs) and Infrastructure Investment Trust (InvIT) |
| | Risks associated with investments in Derivatives |
| | Risks attached with the use of derivatives |
| | Risk factors associated with repo transactions in Corporate Debt Securities |
| | Risks associated with segregated portfolio |
| | Risks associated with ‘Right to limit redemptions’ |
| | Risk associated with potential change in Tax structure |
| | Risk associated with potential change in Tax structure |
| | Risks associated with investing in Tri-party Repo TREPS) through CCIL |
| | Risks Factors associated with transaction in Units through stock exchange(s) |
| | Risks Associated with Investment in Gold & Silver ETFs |
| | Risk Factors Associated with Investments in Other Commodities and Exchange Traded Commodity Derivatives (ETCDs) of various commodities. |
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for Detailed Investment in Securities |
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for Allocation of Net Asset by Sectors |
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for Allocation of Net Asset by Asset Class |
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for Allocation of Net Asset by Credit Rating |
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for Allocation of Net Assets by Region / Country |
Major Changes w.r.t previous month -
| Name of securities added/Increased | Name of securities deleted/reduced | Total Weightage in %age |
| Mahindra Mutual Fund (Mahindra Manulife Ultra Short to Short Term Fund - Direct - Growth) | 14.76 | |
| Mahindra Mutual Fund | -12.85 | |
| Indus Towers Limited | -2.89 | |
| Indus Towers Ltd. (Erstwhile Bharti Infratel Limited) | 2.85 | |
| HDFC Bank Ltd. | 2.65 | |
| HDFC Bank Ltd. | -2.49 | |
| Maruti Suzuki India Ltd. | 1.97 | |
| Maruti Suzuki India Ltd. | -1.97 | |
| LIC Housing Finance Ltd. | -1.52 | |
| LIC Housing Finance Ltd. | 1.50 |
| Change in | Previous Month | Current Month |
| Direct | 0.32% | 0.31% |
| Regular | 0.97% | 0.96% |
1Base Expense Ratio excludes Brokerage Fees, Transaction Cost and other applicable statutory levies. For details of the Total Expense Ratio (TER), please refer the TER disclosure available on the website by visiting the link - https://www.mahindramanulife.com/downloads#mandatory-disclosures
| Name of security | Rating Previous Month | Rating Current Month |
| NA | NA | NA |
| Change in | Previous Month | Current Month |
| Scheme | NA | NA |
| Benchmark | NA | NA |
| Quantitative Measures /Risk Measures | Brief description/ Inference of the Quantitative measure | |
| 1 | Standard Deviation | Standard deviation is a statistical tool that measures the deviation or dispersion of the data from the mean or average. When seen in mutual funds, it tells you how much the return from your mutual fund portfolio is straying from the expected return, based on the fund’s historical performance. |
| 2 | Beta | Beta is a measure of an investment’s volatility in comparison to the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market. |
| 3 | Sharpe Ratio | The Sharpe Ratio, is measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. |
| 4 | Information Ratio | Measures the consistency of excess returns generated over the benchmark relative to tracking error. A higher ratio indicates better risk-adjusted benchmark outperformance. |
| 5 | Portfolio Turnover Ratio | Measures the extent of purchase and sale of securities in the portfolio during a specified period. A higher portfolio turnover ratio indicates more frequent trading and portfolio rebalancing. |
| Important Weblinks | ||
| 1 | Video Explainer | Link for a video providing simplified explanation of the Fund Factsheet along with explanation to various terminologies used. |
| 2 | Calculation/Methodology | Click here for various mathematical parameters and their respective calculation methodology/formulae. |
| 3 | Detailed Risk Factors | Click here for various risk factors associated with the Scheme. |
| 4 | Scheme Information Document (SID) |
Click here
Link for SID on AMC website.
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| 5 | Investor Services | https://www.mahindramanulife.com/contact-us |
| 6 | Grievance submission and redressal | https://www.mahindramanulife.com/contact-us |
Additional Disclosure
^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).
Past Performance is not an indicator or guarantee of future results