Mirae Asset Arbitrage Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- 5-Year CAGR of 6.07% demonstrates steady long-term compounding.
- Expense ratio (3.19%) is higher than category median (2.12%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +0.75% | +0.72% | +0.03% |
| 3 Months | +1.52% | +1.49% | +0.03% |
| 6 Months | +3.13% | +3.04% | +0.09% |
| 1 Year | +6.13% | +6.13% | 0.00% |
| 3 Years CAGR | +6.54% | +6.54% | 0.00% |
| 5 Years CAGR | +6.07% | +6.08% | -0.01% |
| Since Inception | +5.50% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mirae Asset Arbitrage Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +5.24% | +5.16% | +0.08% |
| 2025 | +6.15% | +6.23% | -0.08% |
| 2024 | +7.49% | +7.46% | +0.03% |
| 2023 | +7.04% | +7.05% | -0.01% |
| 2022 | +4.10% | +4.06% | +0.04% |
| 2021 | +3.49% | +3.55% | -0.06% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | +3.02% | +5.66% | +6.01% | +7.97% | 100.0% | - |
| 3-Year Rolling | +4.17% | +6.06% | +6.37% | +7.01% | 100.0% | - |
| 5-Year Rolling | +5.37% | +5.72% | +5.77% | +6.07% | 100.0% | - |
Risk Profile & Deepest Drawdowns
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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 | Per Scheme Mandate |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 3,802 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable 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 |
|---|---|---|---|---|---|---|
| Axis Arbitrage Fund | 5.3 | +6.63% | 2.09% | - | Rs 10,449 cr | Compare → |
| ITI Arbitrage Fund | 4.8 | +6.54% | 1.77% | - | Rs 63.1 cr | Compare → |
| Union Arbitrage Fund | 4.4 | +6.57% | 2.29% | - | Rs 240 cr | Compare → |
| HSBC Arbitrage Fund | 5.6 | +6.53% | 2.03% | - | Rs 3,803 cr | Compare → |
| Parag Parikh Arbitrage Fund | 6.5 | +6.60% | 1.39% | - | Rs 2,724 cr | Compare → |
Frequently Asked Questions about Mirae Asset Arbitrage Fund
What is the expense ratio of Mirae Asset Arbitrage Fund?
Mirae Asset Arbitrage Fund has a total expense ratio (TER) of 3.19% with a base expense ratio of 0.78%, compared to the Arbitrage category median of 2.12%.
Who manages Mirae Asset Arbitrage Fund?
Mirae Asset Arbitrage Fund is managed by Jignesh Rao (tenure: 6.4 years since 2020-06-19).
What are the historical returns of Mirae Asset Arbitrage Fund?
Mirae Asset Arbitrage Fund delivered a 3-year CAGR of 6.54% and a 5-year CAGR of 6.07%. Its 1-year return stands at +6.13%.
How large is Mirae Asset Arbitrage Fund?
Mirae Asset Arbitrage Fund manages assets of Rs 3,802 cr, placing it in the 'comfortable' size band relative to Arbitrage peers.
How is Mirae Asset Arbitrage Fund scored on MFIQ?
Mirae Asset Arbitrage Fund holds an MFIQ Score of 4.3/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mirae Asset Arbitrage Fund?
Mirae Asset Arbitrage Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 1.19% with a maximum historical drawdown of -0.45%.