Mirae Asset Arbitrage Fund Overview
Category Arbitrage Fund
BMSMONEY Rank 12
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹12.53(R) +0.07% ₹12.94(D) +0.08%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.59% 6.06% -% -% -%
LumpSum (D) 8.45% 6.85% -% -% -%
SIP (R) -8.51% 5.19% -% -% -%
SIP (D) -7.74% 6.02% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.12 -0.34 0.6 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.66% 0.0% 0.0% - 0.52%
Top Arbitrage Fund
Fund Name Rank Rating
Invesco India Arbitrage Fund 1
Kotak Equity Arbitrage Fund 2
Edelweiss Arbitrage Fund 3
Uti Arbitrage Fund 4
sbi arbitrage opportunities fund 5

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Arbitrage Fund Regular Growth 12.53
0.0100
0.0700%
Mirae Asset Arbitrage Fund Regular IDCW 12.53
0.0100
0.0800%
Mirae Asset Arbitrage Fund Direct IDCW 12.92
0.0100
0.0800%
Mirae Asset Arbitrage Fund Direct Growth 12.94
0.0100
0.0800%

Review Date: 19-11-2024

Mirae Asset Arbitrage Fund has exhibited average performance in the Arbitrage Fund category. The fund has rank of 12 out of 21 funds in the category. The fund has delivered return of 7.59% in 1 year and 6.06% in 3 years. The category average for the same periods is 7.45% and 5.97% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 0.66. The category average for the same parameter is 0.64 The fund has low risk in the category.
  • Sharpe ratio of the fund is -1.12 which shows good performance of fund in the arbitrage fund category.


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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.55
    0.56
    		0.49 | 0.59 19 | 27 Average
    3M Return % 1.74
    1.74
    		1.42 | 1.85 18 | 27 Average
    6M Return % 3.61
    3.58
    		3.00 | 3.77 14 | 27 Good
    1Y Return % 7.59
    7.45
    		6.24 | 7.92 12 | 27 Good
    3Y Return % 6.06
    5.97
    		4.91 | 6.60 13 | 21 Average
    1Y SIP Return % -8.51
    -8.57
    		-9.64 | -8.18 17 | 27 Average
    3Y SIP Return % 5.19
    5.08
    		3.88 | 5.54 11 | 21 Good
    Standard Deviation 0.66
    0.64
    		0.58 | 0.76 19 | 21 Poor
    Semi Deviation 0.52
    0.51
    		0.46 | 0.59 17 | 21 Average
    Max Drawdown % 0.00
    -0.05
    		-0.13 | 0.00 4 | 21 Very Good
    Average Drawdown % 0.00
    -0.05
    		-0.13 | 0.00 4 | 21 Very Good
    Sharpe Ratio -1.12
    -1.29
    		-3.10 | -0.42 10 | 21 Good
    Sterling Ratio 0.60
    0.59
    		0.48 | 0.65 12 | 21 Good
    Sortino Ratio -0.34
    -0.36
    		-0.68 | -0.14 11 | 21 Good
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.61 0.61 0.55 | 0.65 15 | 27
    3M Return % 1.94 1.92 1.62 | 2.02 15 | 27
    6M Return % 4.03 3.92 3.40 | 4.08 8 | 27
    1Y Return % 8.45 8.16 7.09 | 8.55 3 | 27
    3Y Return % 6.85 6.69 5.77 | 7.32 10 | 21
    1Y SIP Return % -7.74 -7.94 -8.90 | -7.63 7 | 27
    3Y SIP Return % 6.02 5.81 4.74 | 6.23 5 | 21
    Standard Deviation 0.66 0.64 0.58 | 0.76 19 | 21
    Semi Deviation 0.52 0.51 0.46 | 0.59 17 | 21
    Max Drawdown % 0.00 -0.05 -0.13 | 0.00 4 | 21
    Average Drawdown % 0.00 -0.05 -0.13 | 0.00 4 | 21
    Sharpe Ratio -1.12 -1.29 -3.10 | -0.42 10 | 21
    Sterling Ratio 0.60 0.59 0.48 | 0.65 12 | 21
    Sortino Ratio -0.34 -0.36 -0.68 | -0.14 11 | 21
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.07 ₹ 10,007.00 0.08 ₹ 10,008.00
    1W 0.14 ₹ 10,014.00 0.16 ₹ 10,016.00
    1M 0.55 ₹ 10,055.00 0.61 ₹ 10,061.00
    3M 1.74 ₹ 10,174.00 1.94 ₹ 10,194.00
    6M 3.61 ₹ 10,361.00 4.03 ₹ 10,403.00
    1Y 7.59 ₹ 10,759.00 8.45 ₹ 10,845.00
    3Y 6.06 ₹ 11,929.00 6.85 ₹ 12,200.00
    5Y ₹ ₹
    7Y ₹ ₹
    10Y ₹ ₹
    15Y ₹ ₹

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

    Investment Period Invested Amount Regular Direct
    XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
    1Y ₹ 12000 -8.51 ₹ 11,437.87 -7.74 ₹ 11,489.12
    3Y ₹ 36000 5.19 ₹ 38,963.99 6.02 ₹ 39,449.30
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Mirae Asset Arbitrage Fund NAV Regular Growth Mirae Asset Arbitrage Fund NAV Direct Growth
    19-11-2024 12.534 12.942
    18-11-2024 12.525 12.932
    14-11-2024 12.522 12.928
    13-11-2024 12.512 12.917
    12-11-2024 12.516 12.921
    11-11-2024 12.509 12.914
    08-11-2024 12.509 12.913
    07-11-2024 12.498 12.901
    06-11-2024 12.492 12.895
    05-11-2024 12.495 12.898
    04-11-2024 12.491 12.893
    31-10-2024 12.475 12.875
    30-10-2024 12.473 12.873
    29-10-2024 12.475 12.875
    28-10-2024 12.473 12.873
    25-10-2024 12.469 12.867
    24-10-2024 12.458 12.856
    23-10-2024 12.46 12.858
    22-10-2024 12.462 12.86
    21-10-2024 12.465 12.863

    Fund Launch Date: 19/Jun/2020
    Fund Category: Arbitrage Fund
    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
    Fund Description: An open ended scheme investing in arbitrage opportunities
    Fund Benchmark: NIFTY 50 Arbitrage Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.