Mahindra Manulife Arbitrage Fund

Direct Plan · Growth · Arbitrage · Scheme code 148468

NAV₹13.8172as on 25 Sep 2026

Fund houseMahindra Manulife Mutual Fund

CategoryArbitrage

Plan & optionDirect · Growth

History6.1 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	0.58	1.70	3.12	6.49	6.52	5.86	—	—	5.48
Arbitrage category median	—	—	—	6.67	7.31	6.68	—	6.38	—

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	1.0%	0.02	0.03	—	—	-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
250	3.2%	6.2%	7.3%	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

Direct Plan · Growth

Allocation

By asset

Cash & Equivalents	77.00%
Equity	70.16%
Mutual Fund Units	23.56%

By market cap

Concentration

Number of stocks	34
Top 5 stocks	41.43%
Top 10 stocks	62.70%
Top 20 stocks	85.78%
Lines in the filing	71

Largest holding	12.85%
Largest sector	Banks 27.58%
Effective stocks	18.4
Sectors held	18
Cash	77.00%

Effective stocks is what the concentration works out to: a fund holding 34 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	147.43%
Unclassified	23.56%
Banks	0.03%
Consumer Durables	0.02%
Ferrous Metals	0.01%
Leisure Services	0.01%
Pharmaceuticals & Biotechnology	0.01%

Mahindra Manulife Arbitrage Fund

Direct Plan · Growth · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	Net Receivables / (Payables)	Unclassified	—	95	70.70%
2	Net Receivables / (Payables)	Unclassified	—	95	70.67%
3	Mahindra Manulife Low Duration Fund - Direct Plan -Growth	Unclassified	91,117	17	12.85%
4	Mahindra Manulife Liquid Fund -Direct Plan -Growth	Unclassified	77,710	14	10.71%
5	ICICI Bank Limited	Banks	62,300	9	6.76%
6	Triparty Repo	Unclassified	—	8	6.01%
7	HDFC Bank Limited	Banks	107,250	8	5.67%
8	Bajaj Finance Ltd	Finance	69,000	7	5.44%
9	Axis Bank Limited	Banks	52,500	7	5.09%
10	Hindalco Industries Limited	Non - Ferrous Metals	61,600	6	4.67%
11	Tata Power Company Limited	Power	156,600	5	4.05%
12	Indus Towers Limited	Telecom - Services	137,700	5	3.99%
13	Bharti Airtel Limited	Telecom - Services	25,650	5	3.47%
14	Kotak Mahindra Bank Ltd	Banks	106,000	4	3.32%
15	Canara Bank	Banks	310,500	4	2.94%
16	Tata Steel Limited	Ferrous Metals	209,000	4	2.87%
17	IDFC First Bank Limited	Banks	435,925	4	2.80%
18	Reliance Industries Limited	Petroleum Products	27,500	4	2.62%
19	Larsen & Toubro Limited	Construction	7,350	3	2.22%
20	Maruti Suzuki India Limited	Automobiles	1,950	3	1.97%
21	Jio Financial Services Limited	Finance	101,050	2	1.82%
22	APL Apollo Tubes Limited	Industrial Products	8,750	2	1.45%
23	UltraTech Cement Limited	Cement & Cement Products	1,250	1	1.07%
24	ITC Limited	Diversified FMCG	53,475	1	1.02%
25	Asian Paints Limited	Consumer Durables	4,500	1	0.89%
26	State Bank of India	Banks	11,250	1	0.89%
27	Bajaj Finserv Limited	Finance	5,700	1	0.86%
28	Bharat Electronics Limited	Aerospace & Defense	27,075	1	0.84%
29	Hindustan Aeronautics Limited	Aerospace & Defense	2,250	1	0.81%
30	NTPC Limited	Power	30,000	1	0.73%

Mahindra Manulife Arbitrage Fund

Direct Plan · Growth · where the money sits

What the manager did last month

Between the filings of 31 Jul 2026 and 31 Aug 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
₹7 cr	₹4 cr	5	1	-0.95%

Stock	Shares traded	Shares	Price	Value ₹ cr
New position
Larsen & Toubro Limited	7,350	entered	—	3.0
APL Apollo Tubes Limited	8,750	entered	—	2.0
State Bank of India	11,250	entered	—	1.2
Lupin Limited	2,975	entered	—	0.7
Titan Company Limited	700	entered	—	0.4
Added to
Mahindra Manulife Liquid Fund -Direct Plan -Growth	21,701	+38.7%	+0.6%	4.0
Bajaj Finance Ltd	24,000	+53.3%	-7.4%	2.5
Bharti Airtel Limited	2,375	+10.2%	-8.1%	0.4
HDFC Life Insurance Company Limited	4,400	+400.0%	-0.9%	0.2
Asian Paints Limited	750	+20.0%	-3.4%	0.2
Trimmed
Maruti Suzuki India Limited	1,950	-50.0%	-4.8%	2.6
Bajaj Finserv Limited	8,100	-58.7%	-0.4%	1.6
Sold out of
Mahindra & Mahindra Limited	9,200	exited	—	3.1

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	₹703,766	₹103,766	6.32%

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. InvestVerdict 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 27 Sep 2026.