Mahindra Manulife Arbitrage Fund

Regular Plan · Growth · Arbitrage · Scheme code 148467

NAV₹13.2501as on 11 Nov 2026

Fund houseMahindra Manulife Mutual Fund

CategoryArbitrage

Plan & optionRegular · Growth

History6.2 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	0.49	1.29	2.74	5.56	5.62	5.09	—	—	4.63
Arbitrage category median	—	—	—	6.13	6.54	6.08	—	5.74	—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall	R²
This scheme	0.5%	-1.92	-1.80	—	—	-0.5%	—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

Every one-year period it has lived through

Windows	Worst	Median	Best	Periods that lost money
1,284	2.3%	5.3%	6.5%	0%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

Mahindra Manulife Arbitrage Fund

Regular Plan · Growth

Allocation

By asset

Cash & Equivalents	75.49%
Equity	67.03%
Mutual Fund Units	25.24%

By market cap

Large Cap	59.33%
Mid Cap	6.20%
Small Cap	1.50%
Unclassified	25.24%

Concentration

Number of stocks	37
Top 5 stocks	41.57%
Top 10 stocks	61.24%
Top 20 stocks	82.97%
Lines in the filing	76

Largest holding	14.76%
Largest sector	Banks 28.39%
Effective stocks	18.0
Sectors held	19
Cash	75.49%

Effective stocks is what the concentration works out to: a fund holding 37 names but most of its money in a few behaves like a fund of 18. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Cash & Equivalents	142.84%
Unclassified	25.24%

Mahindra Manulife Arbitrage Fund

Regular Plan · Growth · holdings as on 30 Sep 2026

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	Net Receivables / (Payables)	Unclassified	—	93	67.75%
2	Net Receivables / (Payables)	Unclassified	—	93	67.70%
3	Mahindra Manulife Utra Short to Short Term Fund Direct Plan -Growth	Unclassified	106,946	20	14.76%
4	Mahindra Manulife Liquid Fund -Direct Plan -Growth	Unclassified	77,710	14	10.48%
5	Triparty Repo	Unclassified	—	10	7.33%
6	ICICI Bank Limited	Banks	62,300	8	5.99%
7	HDFC Bank Limited	Banks	107,250	8	5.53%
8	Bajaj Finance Ltd	Finance	69,000	7	4.81%
9	Axis Bank Limited	Banks	52,500	6	4.68%
10	Hindalco Industries Limited	Non - Ferrous Metals	61,600	6	4.22%
11	Tata Power Company Limited	Power	156,600	6	4.09%
12	Kotak Mahindra Bank Ltd	Banks	112,000	5	3.40%
13	Bharti Airtel Limited	Telecom - Services	25,650	5	3.28%
14	Reliance Industries Limited	Petroleum Products	34,500	4	2.98%
15	IDFC First Bank Limited	Banks	500,850	4	2.97%
16	Tata Steel Limited	Ferrous Metals	209,000	4	2.80%
17	Canara Bank	Banks	310,500	4	2.70%
18	Larsen & Toubro Limited	Construction	9,800	4	2.68%
19	State Bank of India	Banks	27,000	3	1.88%
20	Jio Financial Services Limited	Finance	101,050	2	1.59%
21	LIC Housing Finance Limited	Finance	39,000	2	1.50%
22	APL Apollo Tubes Limited	Industrial Products	8,750	2	1.39%
23	IndusInd Bank Limited	Banks	18,900	2	1.24%
24	Indus Towers Limited	Telecom - Services	40,800	2	1.11%
25	ITC Limited	Diversified FMCG	53,475	1	1.02%
26	UltraTech Cement Limited	Cement & Cement Products	1,250	1	1.00%
27	Hindustan Aeronautics Limited	Aerospace & Defense	2,250	1	0.76%
28	Bharat Electronics Limited	Aerospace & Defense	27,075	1	0.76%
29	Bajaj Finserv Limited	Finance	5,700	1	0.72%
30	NTPC Limited	Power	30,000	1	0.70%

Mahindra Manulife Arbitrage Fund

Regular Plan · Growth · where the money sits

What the manager did last month

Between the filings of 31 Aug 2026 and 30 Sep 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

Bought	Sold	New positions	Sold out of	Price move of holdings
₹9 cr	₹4 cr	4	1	-3.38%

Stock	Shares traded	Shares	Price	Value ₹ cr
New position
LIC Housing Finance Limited	39,000	entered	—	2.1
Life Insurance Corporation Of India	22,400	entered	—	0.9
InterGlobe Aviation Limited	600	entered	—	0.3
Infosys Limited	2,000	entered	—	0.2
Added to
Mahindra Manulife Utra Short to Short Term Fund Direct Plan -Growth	15,829	+17.4%	+0.5%	3.0
IndusInd Bank Limited	17,500	+1,250.0%	-11.3%	1.6
State Bank of India	15,750	+140.0%	-9.5%	1.5
Larsen & Toubro Limited	2,450	+33.3%	-7.0%	0.9
Reliance Industries Limited	7,000	+25.5%	-7.1%	0.8
IDFC First Bank Limited	64,925	+14.9%	-5.3%	0.5
Kotak Mahindra Bank Ltd	6,000	+5.7%	-0.6%	0.3
Trimmed
Indus Towers Limited	96,900	-70.4%	-4.0%	3.6
Asian Paints Limited	1,000	-22.2%	-9.5%	0.2
Sold out of
Maruti Suzuki India Limited	1,950	exited	—	2.6

Not equity	Previous filing	This filing	Change
Cash, repo and TREPS	₹0 cr	₹0 cr	+₹0 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

A ₹10,000 monthly SIP over five years

Invested	Value	Gain	XIRR
₹600,000	₹689,046	₹89,046	5.48%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. MF Analyser is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 12 Nov 2026.