GMP IPO Watch
Hybrid Scheme - Arbitrage Fund
Mirae Asset Arbitrage Fund
Direct Plan · IDCW · Mirae Asset Mutual Fund
Risk: Low Risk
52W Low ₹13.78 10 Nov 2025
52W High ₹14.72 3 Nov 2026
₹14.7090
NAV as of 4 Nov 2026
-0.06% day change
Other Plans of This Fund
ISININF769K01FR3
Scheme Code148402
StructureOpen Ended Schemes
AUM (avg. July - September 2026)₹4.88 Cr
Expense Ratio (as of 3 Nov 2026)2.43%
Min. InvestmentPurchase : Rs. 5000/- and in multiples of Re. 1/-
Inception Date3 Jun 2020
BenchmarkNifty 50 Arbitrage Index · -
Portfolio Turnover489.60%
NFO Period03 Jun 2020 – 12 Jun 2020
Returns
1Y
+6.71%
3Y
+7.35%
5Y
+6.79%
Since Inception
+6.24%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.25% | +0.16% | 3 of 40 |
| 1M | +0.65% | +0.54% | 23 of 40 |
| 3M | +1.42% | +1.04% | 13 of 39 |
| 6M | +3.42% | +2.61% | 16 of 39 |
| YTD | +5.66% | +4.25% | 18 of 40 |
| 1Y | +6.71% | +5.24% | 22 of 34 |
| 2Y | +6.89% | +5.33% | 18 of 28 |
| 3Y | +7.35% | +5.69% | 15 of 27 |
| 5Y | +6.79% | +5.09% | 12 of 21 |
| INCEPTION | +6.24% | — | — |
Ranked among: Hybrid Scheme - Arbitrage Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.54% | +2.43% | +0.68% | 100% | 41% |
| 6M | +3.12% | +4.78% | +1.67% | 100% | 41% |
| 1Y | +6.43% | +8.83% | +3.69% | 100% | 42% |
| 2Y | +6.63% | +8.26% | +4.04% | 100% | 42% |
| 3Y | +6.81% | +7.80% | +4.86% | 100% | 43% |
| 5Y | +6.48% | +6.84% | +6.12% | 100% | 43% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity73.40%
- Debt4.94%
- Cash11.71%
- Other9.95%
Market Cap Split
- Large Cap37.64%
- Mid Cap28.98%
- Small Cap6.78%
- Others26.60%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 21.11 | 15.66 |
| P/B | 3.19 | 2.19 |
| Price / Sales | 2.27 | 2.37 |
| Price / Cash Flow | 14.93 | 11.81 |
| Dividend Yield (%) | 1.63 | 1.60 |
Holdings196
Top 5 Stocks5.35%
Top 10 Stocks9.24%
Top 3 Sectors16.49%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| TREPS | Reverse Repo / TREPS | 11.55% | — |
| Mirae Asset Liquid Fund-Direct Plan-Growth | Others | 9.89% | +0.73% |
| Mirae Asset Money Market Fund-Direct Plan-Growth | Money Market | 4.94% | +0.37% |
| Larsen & Toubro | Construction | 1.78% | +0.56% |
| APL Apollo Tubes | Industrial Products | 0.92% | +0.13% |
| BSE | Capital Markets | 0.91% | -0.55% |
| Infosys | IT - Software | 0.90% | +0.14% |
| Tata Consultancy Services | IT - Software | 0.84% | +0.37% |
| Reliance Industries | Petroleum Products | 0.83% | +0.32% |
| Trent | Retailing | 0.80% | -0.57% |
| Angel One | Capital Markets | 0.77% | +0.49% |
| Kalyan Jewellers | Consumer Durables | 0.75% | -0.26% |
| Grasim Industries | Cement & Cement Products | 0.74% | +0.41% |
| MCX | Capital Markets | 0.74% | +0.05% |
| Maruti Suzuki | Automobiles | 0.74% | +0.07% |
View all 198 holdings
| LIC Housing Finance | Finance | 0.73% | +0.07% |
| LIC of India | Insurance | 0.72% | +0.10% |
| Cummins | Industrial Products | 0.72% | +0.23% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.71% | -0.05% |
| ICICI Bank | Banks | 0.71% | +0.16% |
| Vedanta | Diversified Metals | 0.71% | -0.64% |
| Patanjali Foods | Agricultural Food & other Products | 0.68% | +0.21% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.67% | +0.04% |
| State Bank of India | Banks | 0.66% | +0.25% |
| Polycab | Industrial Products | 0.65% | +0.21% |
| Premier Energies | Electrical Equipment | 0.64% | +0.29% |
| Info Edge | Retailing | 0.64% | -0.12% |
| Bharat Petroleum | Petroleum Products | 0.63% | +0.05% |
| TVS Motors | Automobiles | 0.62% | -0.12% |
| Delhivery | Transport Services | 0.62% | -0.02% |
| Interglobe Aviation | Transport Services | 0.61% | +0.03% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 0.61% | +0.03% |
| Axis Bank | Banks | 0.60% | -0.39% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 0.59% | +0.15% |
| Radico Khaitan | Beverages | 0.58% | +0.02% |
| PG Electroplast | Consumer Durables | 0.56% | -0.06% |
| Bajaj Finance | Finance | 0.56% | -0.27% |
| Bharat Forge | Auto Components | 0.55% | +0.08% |
| NMDC | Minerals & Mining | 0.55% | -0.04% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 0.55% | +0.00% |
| Mahindra & Mahindra | Automobiles | 0.55% | +0.03% |
| Havells | Consumer Durables | 0.54% | — |
| Bharti Airtel | Telecom - Services | 0.54% | +0.06% |
| Titan | Consumer Durables | 0.54% | -0.24% |
| JSW Steel | Ferrous Metals | 0.53% | +0.01% |
| Godrej Properties | Realty | 0.53% | -0.08% |
| SRF | Chemicals & Petrochemicals | 0.53% | +0.02% |
| Federal Bank | Banks | 0.53% | -0.02% |
| CG Power & Industrial Solutions | Electrical Equipment | 0.52% | +0.17% |
| Tata Steel | Ferrous Metals | 0.52% | +0.08% |
| UltraTech Cement | Cement & Cement Products | 0.49% | +0.16% |
| Ather Energy | Automobiles | 0.48% | -0.13% |
| CDSL | Capital Markets | 0.48% | -0.02% |
| Phoenix Mills | Realty | 0.48% | +0.05% |
| Coal India | Consumable Fuels | 0.48% | +0.06% |
| CAMS | Capital Markets | 0.47% | -0.16% |
| HDFC Bank | Banks | 0.46% | -0.26% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.46% | +0.01% |
| Indusind Bank | Banks | 0.45% | +0.21% |
| One 97 Communications | Financial Technology (Fintech) | 0.45% | -0.24% |
| NTPC | Power | 0.45% | +0.03% |
| Muthoot Finance | Finance | 0.45% | +0.00% |
| Oberoi Realty | Realty | 0.44% | -0.26% |
| 360 One WAM | Capital Markets | 0.44% | +0.22% |
| GAIL | Gas | 0.44% | — |
| Laurus Labs | Pharmaceuticals & Biotechnology | 0.44% | +0.35% |
| Hindustan Unilever | Diversified FMCG | 0.44% | +0.17% |
| Asian Paints | Consumer Durables | 0.43% | -0.02% |
| NALCO | Non - Ferrous Metals | 0.43% | -0.02% |
| Astral | Industrial Products | 0.43% | +0.42% |
| Bandhan Bank | Banks | 0.43% | +0.07% |
| JSW Energy | Power | 0.43% | +0.01% |
| Vodafone Idea | Telecom - Services | 0.43% | -0.42% |
| Biocon | Pharmaceuticals & Biotechnology | 0.42% | -0.14% |
| ITC | Diversified FMCG | 0.41% | +0.04% |
| Oil & Natural Gas Corporation | Oil | 0.41% | -0.25% |
| Coforge | IT - Software | 0.41% | +0.08% |
| Oil India | Oil | 0.40% | — |
| Canara Bank | Banks | 0.40% | +0.00% |
| Swiggy | Retailing | 0.40% | +0.22% |
| SBI Life Insurance | Insurance | 0.40% | +0.02% |
| Marico | Agricultural Food & other Products | 0.40% | +0.01% |
| Hitachi Energy | Electrical Equipment | 0.40% | -0.01% |
| Motilal Oswal Financial Services | Capital Markets | 0.39% | -0.06% |
| Persistent Systems | IT - Software | 0.39% | +0.14% |
| Eicher Motors | Automobiles | 0.39% | -0.33% |
| Bosch | Auto Components | 0.39% | -0.05% |
| Lupin | Pharmaceuticals & Biotechnology | 0.39% | +0.26% |
| Max Healthcare Institute | Equity | 0.39% | +0.06% |
| Bank of Baroda | Banks | 0.39% | +0.12% |
| Adani Green Energy | Power | 0.38% | +0.04% |
| Tube Investment | Auto Components | 0.38% | -0.03% |
| Hindustan Petroleum | Petroleum Products | 0.38% | +0.01% |
| Tata Consumer Products | Agricultural Food & other Products | 0.37% | -0.01% |
| Adani Energy Solutions | Power | 0.37% | +0.00% |
| HDFC AMC | Capital Markets | 0.37% | -0.03% |
| NHPC | Power | 0.37% | — |
| Fortis Healthcare | Equity | 0.36% | -0.04% |
| Adani Enterprises | Metals & Minerals Trading | 0.36% | +0.03% |
| Alkem Laboratories | Pharmaceuticals & Biotechnology | 0.36% | +0.01% |
| PB FinTech | Financial Technology (Fintech) | 0.36% | -0.19% |
| Indian Hotels Company | Leisure Services | 0.35% | +0.03% |
| L&T Finance | Finance | 0.35% | +0.23% |
| Voltas | Consumer Durables | 0.35% | -0.01% |
| Apollo Hospitals | Equity | 0.35% | -0.06% |
| PNB Housing Finance | Finance | 0.35% | -0.05% |
| Punjab National Bank | Banks | 0.34% | +0.02% |
| Mphasis | IT - Software | 0.34% | +0.05% |
| Hindalco Industries | Non - Ferrous Metals | 0.34% | -0.28% |
| Cholamandalam Investment | Finance | 0.34% | -0.15% |
| Nestle | Food Products | 0.34% | +0.02% |
| Adani Ports & SEZ | Transport Infrastructure | 0.34% | +0.06% |
| Aditya Birla Capital | Finance | 0.33% | +0.00% |
| Samvardhana Motherson International | Auto Components | 0.32% | -0.12% |
| Avenue Supermarts DMart | Retailing | 0.32% | -0.09% |
| Bank of Maharashtra | Banks | 0.31% | +0.01% |
| Indus Towers | Telecom - Services | 0.31% | +0.01% |
| Vishal Mega Mart | Retailing | 0.31% | -0.08% |
| Bajaj Finserv | Finance | 0.31% | -0.09% |
| Tata Motors Passenger Vehicles | Automobiles | 0.30% | +0.30% |
| HDFC Life Insurance | Insurance | 0.30% | — |
| UPL | Fertilizers & Agrochemicals | 0.30% | +0.09% |
| Hindustan Zinc | Non - Ferrous Metals | 0.30% | -0.15% |
| Sagility | IT - Services | 0.29% | -0.01% |
| UNO Minda | Auto Components | 0.29% | -0.15% |
| SBI Cards | Finance | 0.28% | +0.22% |
| AU Small Finance Bank | Banks | 0.28% | -0.18% |
| Tech Mahindra | IT - Software | 0.28% | -0.04% |
| Indian Energy Exchange | Capital Markets | 0.28% | -0.01% |
| GE Vernova T&D | Electrical Equipment | 0.28% | +0.00% |
| Varun Beverages | Beverages | 0.28% | +0.03% |
| Indian Oil Corporation | Petroleum Products | 0.28% | +0.01% |
| Jio Financial Services | Finance | 0.28% | -0.01% |
| Page Industries | Textiles & Apparels | 0.27% | -0.12% |
| Hero Motocorp | Automobiles | 0.27% | -0.25% |
| Bajaj Auto | Automobiles | 0.27% | -0.13% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.27% | +0.00% |
| KEI Industries | Industrial Products | 0.27% | — |
| Dabur India | Personal Products | 0.26% | +0.03% |
| DLF | Realty | 0.26% | -0.01% |
| United Spirits | Beverages | 0.26% | -0.29% |
| Eternal | Retailing | 0.26% | -0.08% |
| Ambuja Cements | Cement & Cement Products | 0.25% | +0.00% |
| Amber Enterprises | Consumer Durables | 0.25% | -0.27% |
| Union Bank of India | Banks | 0.25% | +0.04% |
| ABB | Electrical Equipment | 0.25% | -0.11% |
| Crompton Greaves | Consumer Durables | 0.25% | +0.00% |
| Max Financial Services | Insurance | 0.25% | -0.24% |
| Power Finance Corporation | Finance | 0.24% | +0.01% |
| Adani Power | Power | 0.24% | +0.04% |
| Nykaa | Retailing | 0.23% | -0.18% |
| Supreme Industries | Industrial Products | 0.22% | +0.01% |
| Yes Bank | Banks | 0.22% | +0.11% |
| Nippon Life India AMC | Capital Markets | 0.22% | +0.10% |
| IDFC First Bank | Banks | 0.22% | -0.27% |
| KPIT Technologies | IT - Software | 0.22% | -0.10% |
| Container Corporation of India | Transport Services | 0.21% | -0.20% |
| Suzlon Energy | Electrical Equipment | 0.21% | -0.02% |
| Lodha Developers | Realty | 0.21% | — |
| Zydus Life Science | Pharmaceuticals & Biotechnology | 0.21% | +0.04% |
| Bank of India | Banks | 0.20% | -0.10% |
| Power Grid Corporation of India | Power | 0.20% | -0.06% |
| Mankind Pharma | Pharmaceuticals & Biotechnology | 0.19% | -0.14% |
| Tata Power | Power | 0.18% | +0.15% |
| Hindustan Aeronautics | Aerospace & Defense | 0.17% | +0.02% |
| Bharat Heavy Electricals | Electrical Equipment | 0.17% | +0.14% |
| Solar Industries | Chemicals & Petrochemicals | 0.17% | -0.18% |
| Petronet LNG | Gas | 0.16% | — |
| Net Receivables / (Payables) | Net Current Assets | 0.16% | — |
| Godrej Consumer Products | Personal Products | 0.15% | -0.03% |
| Sona BLW Precision Forgings | Auto Components | 0.14% | +0.10% |
| Dr Reddys Laboratories | Pharmaceuticals & Biotechnology | 0.14% | — |
| Colgate Palmolive | Personal Products | 0.14% | +0.03% |
| Kaynes Technology India | Industrial Manufacturing | 0.14% | +0.07% |
| Mazagon Dock Shipbuilders | Industrial Manufacturing | 0.13% | -0.04% |
| NBCC | Construction | 0.12% | -0.08% |
| Bajaj Holdings & Investments | Finance | 0.11% | — |
| Godfrey Phillips | Cigarettes & Tobacco Products | 0.11% | — |
| Bharat Dynamics | Aerospace & Defense | 0.11% | — |
| Indian Bank | Banks | 0.09% | -0.26% |
| Manappuram Finance | Finance | 0.09% | -0.55% |
| Wipro | IT - Software | 0.09% | — |
| Force Motors | Automobiles | 0.08% | -0.09% |
| Shriram Finance | Finance | 0.07% | -0.58% |
| Kotak Bank | Banks | 0.06% | -0.30% |
| Jubilant FoodWorks | Leisure Services | 0.06% | — |
| Ujjivan Small Finance Bank | Banks | 0.06% | — |
| Shree Cement | Cement & Cement Products | 0.05% | -0.45% |
| Cochin Shipyard | Industrial Manufacturing | 0.05% | -0.84% |
| Anand Rathi Wealth | Capital Markets | 0.05% | — |
| Dixon Technologies | Consumer Durables | 0.05% | — |
| ICICI Lombard General Insurance | Insurance | 0.04% | -0.50% |
| Siemens Energy | Electrical Equipment | 0.04% | — |
| GMR Airports | Transport Infrastructure | 0.04% | — |
| Hyundai Motor India | Automobiles | 0.02% | — |
| Rail Vikas Nigam | Construction | 0.01% | -0.27% |
| Jindal Steel | Ferrous Metals | 0.01% | -0.30% |
| Britannia Industries | Food Products | 0.01% | — |
Sector Allocation · Sep 2026
View all 44 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.50 | 1.71 | Low Volatility |
| 3Y | 1.19 | 1.36 | Low Volatility |
| 5Y | 1.08 | 1.19 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.32 | -0.31 | Above Average |
| 3Y | 2.72 | 0.29 | Above Average |
| 5Y | 1.57 | -1.02 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 7.82 | 6.29 | Above Average |
| 3Y | 11.83 | 9.22 | Above Average |
| 5Y | 12.28 | 9.36 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
quant Arbitrage Fund
Direct Plan · Growth Option
|
+7.48% | — | — | +7.35% |
|
WhiteOak Capital Arbitrage Fund
Direct Plan · Growth Option
|
+7.12% | — | — | +7.24% |
|
Franklin India Arbitrage Fund
Direct Plan · IDCW
|
+7.08% | — | — | +7.08% |
|
Bajaj Finserv Arbitrage Fund
Direct Plan · Growth
|
+6.57% | +6.97% | — | +7.01% |
|
PGIM India Arbitrage Fund
Direct plan · Growth
|
+6.56% | +7.03% | +6.51% | +6.11% |
|
TRUSTMF ARBITRAGE FUND
Direct Plan · Growth
|
+6.50% | — | — | +6.49% |
|
BANK OF INDIA ARBITRAGE FUND
Direct Plan · Annual IDCW
|
+6.42% | +6.79% | +6.00% | +4.19% |
|
Parag Parikh Arbitrage Fund
Direct Plan · Growth
|
+6.40% | +6.92% | — | +6.92% |
|
ITI Arbitrage Fund
Direct Plan · IDCW Option
|
+6.39% | +7.26% | +6.28% | +5.53% |
|
The Wealth Company Arbitrage Fund
Direct Plan · Growth
|
+6.37% | — | — | +6.37% |
More From Mirae Asset Investment Managers (India) Pvt. Ltd
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Mirae Asset S&P 500 Top 50 ETF Fund of Fund
Direct Plan · Growth
|
+29.35% | +41.95% | +25.08% | +25.94% |
| Mirae Asset Silver ETF | +26.31% | +36.47% | — | +30.17% |
|
Mirae Asset NYSE FANG + ETF Fund of Fund
Direct Plan · Growth
|
+21.29% | +50.85% | +29.57% | +31.68% |
|
Mirae Asset Gold Silver Passive FoF
Direct Plan · IDCW
|
+21.29% | — | — | +35.40% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
| Mirae Asset Nifty Metal ETF | +19.77% | — | — | +11.29% |
|
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund
Direct Plan · Growth
|
+18.59% | +34.76% | — | +33.45% |
| Mirae Asset Gold ETF | +16.94% | +31.04% | — | +27.13% |
|
Mirae Asset Gold ETF Fund of Fund
Direct Plan · Growth
|
+16.76% | — | — | +32.55% |
| Mirae Asset NYSE FANG+ ETF | +9.94% | +37.12% | +22.50% | +24.56% |
About This Scheme
Investment Objective
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be realized.
Stated Asset Allocation
Under normal circumstances, the asset allocation will be as follows: Equities and Equity Linked instruments - 65% to 90% (Medium to High)Debt instruments** (including the margin money deployed in derivative transactions - 65% to 90% (Medium to High)Units of liquid instruments and/or units of debt/liquid schemes of domestic Mutual Funds^ - 10% to 35% (Low to Medium) Under defensive circumstances, the asset allocation will be as follows: Equities and Equity Linked instruments - 0% to 35% (Medium to High)Debt instruments** (including the margin money deployed in derivative transactions) -65% to 100% units of liquid instruments and/or units of debt/liquid schemes of domestic Mutual Funds^ : 0% to 35% *Including Derivatives which includes Index Futures, Stock Futures, Index Options and Stock Options **Debt instruments include CDs/government securities with maturities upto one-year, overnight debt securities, having Macaulay duration less than 1 year. ^ Mutual fund units of liquid, money market or schemes having Macaulay Duration of less than 1 year
Exit Load
Exit Load : 0.25% If Redeemed or Switched Out within 15 days from the date of allotment. Nil after 15 Days.
Fund Managers
Mr. Jignesh Rao (Equity Portion), Mr. Jigar Sethia (Equity Portion),Ms. Pranavi Kulkarni (Debt Portion)
Mr. Jignesh Rao - Primary, Mr. Jigar Sethia- Primary,Ms. Pranavi Kulkarni- Primary
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Mirae Asset Investment Managers (India) Pvt. Ltd website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.