Mirae Asset Arbitrage Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :
1 Year | 3 Year | 5 Year | 9 Year | |
CAGR(%) | 7.54 | 5.34 | N/A | N/A |
Average Rolling Returns(%) | 5.11 | 4.93 | N/A | N/A |
The Current NAV of Mirae Asset Arbitrage Fund - Regular Plan - Growth is ₹12.03.
It is better to invest in a fund with a longer track record as Mirae Asset Arbitrage Fund - Regular Plan - Growth cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark Nifty 50 Arbitrage returns, as Funds portfolio is significantly different.
Mirae Asset Arbitrage Fund - Regular Plan - Growth fund’s expense ratio is 1.00%
The process for redemption is
The AUM of Mirae Asset Arbitrage Fund - Regular Plan - Growth is currently ₹1,451 Crores.
The Top three stocks are SBI, Bharat Forge and HDFC Bank and account for 4% of its portfolio. Top 5 and 10 stocks of fund account for 6% and 12% of fund’s portfolio respectively.
Top three sectors of Mirae Asset Arbitrage Fund - Regular Plan - Growth fund are Miscellaneous, BFSI and Others accounting for 51% of the total portfolio.
Since this is a Hybrid - Arbitrage Fund it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Mirae Asset Arbitrage Fund - Regular Plan - Growth Fund is Hybrid - Arbitrage Fund.
Jignesh Rao and Jigar Shethia manage the Mirae Asset Arbitrage Fund - Regular Plan - Growth Fund.
Mirae Asset Arbitrage Fund - Regular Plan - Growth current PE ratio is 38.79 and PB ratio is 6.72
The asset allocation of Mirae Asset Arbitrage Fund - Regular Plan - Growth is Stocks : 67.86%, Debt : 28.31% and Gold : 3.83%
The minimum SIP amount for Mirae Asset Arbitrage Fund - Regular Plan - Growth is ₹500.00 and minimum lumpsum is ₹5000.00
The exit load for Mirae Asset Arbitrage Fund - Regular Plan - Growth is 0.25% on or before 15 days, Nil after 15 days