What is the NAV of Mahindra Manulife Arbitrage Fund?

₹13.75 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.

What is the expense ratio of Mahindra Manulife Arbitrage Fund?

0.29% a year for the Direct plan, as of 30 Jun 2026.

How large is Mahindra Manulife Arbitrage Fund?

₹132 crore under management as of 31 Jul 2026, in the Arbitrage Fund category.

How risky is Mahindra Manulife Arbitrage Fund?

Its SEBI Riskometer reading is "Low Risk". Cash-and-futures spreads. Debt-like behaviour, equity taxation.

What are the 5-year returns of Mahindra Manulife Arbitrage Fund?

5.80% a year over the last 5 years (Direct plan, CAGR), against a Arbitrage Fund average of 6.59%. Past returns do not predict future returns.

What is the worst 3-year return of Mahindra Manulife Arbitrage Fund?

5.4% a year — the weakest of 25 overlapping 3-year holding periods, beginning 1 Aug 2021. The median was 6.4% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.

Who manages Mahindra Manulife Arbitrage Fund?

Rahul Pal, managing this fund for 5.9 years.

Mahindra Manulife Arbitrage Fund

Mahindra Manulife Mutual FundDirectOpen-endedArbitrage FundRiskometer: Low Risk

NAV

₹13.75

as of 21 Aug 2026

Mahindra Manulife Arbitrage Fund is an open-ended Arbitrage Fund scheme from Mahindra Manulife Mutual Fund managing ₹132 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹13.75 as of 21 Aug 2026. The expense ratio is 0.29% a year. Managed by Rahul Pal. This page is factual data only — it carries no rating and no recommendation.

Key facts

Expense ratio: 0.29% / yr; as of 30 Jun 2026
Fund size: ₹132 crore; as of 31 Jul 2026
Exit load: 0.25%
SIP available: Yes
Launched: 24 Aug 2020
ISIN: INF174V01AA0

₹100 invested, fund vs category

The category line is the average of the funds in this category, built from NYVO’s own NAV data.

Rebased to 100data to 20 Aug 2026Benchmark: NIFTY 50 Arbitrage Index

Aug 2021Aug 2026

Mahindra Manulife Arbitrage Fund

₹132

+32% on ₹100 over 5.0 yrs

Arbitrage Fund average

₹132

+32% on ₹100 over 5.0 yrs

Returns vs category

Window	Fund	Category avg	Gap
3 months	1.61%	1.73%	-0.12
6 months	2.81%	3.18%	-0.37
1 year	6.19%	6.54%	-0.35
3 years (CAGR)	6.50%	7.38%	-0.88
5 years (CAGR)	5.80%	6.59%	-0.79

Category average across 33 funds, as of 20 Aug 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.

Risk, measured

Sharpe ratio (3Y): 0.31
Sharpe ratio (5Y): -0.39
Sortino ratio (3Y): 0.47 vs category 2.12
Standard deviation (3Y): 0.45%
Deepest fall (5Y): -0.07%

Where the money actually is

Equity

-0.4%

Bonds

11.0%

Cash

89.3%

Other

0.1%

Whole-portfolio split, as of 30 Jun 2026. Equity here is the NET position: this fund holds shares and sells futures against them, so the two largely cancel. The holdings below are gross, before that offset.

What it owns

57 positions · top 10 = 152.9%

Market-cap mix (equity sleeve)

Large 32.0%Mid 1.7%Other 66.3%

as of 30 Jun 2026

Holdings by sector

Financial Services(2 in top 10)31.1%
- ICICI Bank Ltd6.78%
- HDFC Bank Ltd6.77%
Consumer Cyclical10.4%
Basic Materials9.8%
Communication Services6.3%
Utilities(1 in top 10)5.6%
- Tata Power Co Ltd4.78%
Energy2.8%
Healthcare1.8%
Industrials1.7%

Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 30 Jun 2026. Portfolio turnover 909.9% vs category 425.1% a year.

Other top holdings

Net Receivables / (Payables)71.74%
Future on BANK Indexderivative24.79%
Mahindra Manu Low Duration Dir Gr13.50%
Mahindra Manu Liquid Dir Gr8.10%
Triparty Repo6.98%
Future on Tata Power Co Ltdderivative4.81%
Future on Hindalco Industries Ltdderivative4.68%

Rows marked derivative are futures positions held against the shares listed beside them. A stock and its future largely cancel, so do not add the two together. Exposure figures are gross: funds that use derivatives (arbitrage, hedged books) hold offsetting positions, so concentration and turnover can read above 100%.

The debt it holds (debt sleeve)

Yield to maturity: 5.33% vs category 6.33%
Modified duration: 1 day vs category 0.45 yrs
Average maturity: 1 day vs category 0.53 yrs
Government securities: 3.3%

Portfolio characteristics as of 30 Jun 2026. Yield to maturity is what the portfolio would return if every holding were held to maturity and paid in full. It is not a forecast of the fund’s return, and it is quoted before expenses.

Money in, money out

Net flow, 12 months: +₹30 cr
Net flow, 3 months: +₹18 cr

as of 31 Jul 2026. Flows follow performance more than they predict it.

Quick answers

What is the NAV of Mahindra Manulife Arbitrage Fund?: ₹13.75 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of Mahindra Manulife Arbitrage Fund?: 0.29% a year for the Direct plan, as of 30 Jun 2026.
How large is Mahindra Manulife Arbitrage Fund?: ₹132 crore under management as of 31 Jul 2026, in the Arbitrage Fund category.
How risky is Mahindra Manulife Arbitrage Fund?: Its SEBI Riskometer reading is "Low Risk". Cash-and-futures spreads. Debt-like behaviour, equity taxation.
What are the 5-year returns of Mahindra Manulife Arbitrage Fund?: 5.80% a year over the last 5 years (Direct plan, CAGR), against a Arbitrage Fund average of 6.59%. Past returns do not predict future returns.
What is the worst 3-year return of Mahindra Manulife Arbitrage Fund?: 5.4% a year — the weakest of 25 overlapping 3-year holding periods, beginning 1 Aug 2021. The median was 6.4% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
Who manages Mahindra Manulife Arbitrage Fund?: Rahul Pal, managing this fund for 5.9 years.

Where this fund sits

Its shelf, all funds

Ar · Arbitrage →

Cash-and-futures spreads. Debt-like behaviour, equity taxation.

The money map

How big this shelf is in India →

The whole industry sized by real money, from AMFI’s monthly data.

Side by side

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Other Arbitrage Fund funds

Data: NYVO research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (NIFTY 50 Arbitrage Index) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.