Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Arbitrage Fund

Holds 194 companies worth ₹2,623 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹3,571 CrMirae Asset Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 7.0% on Aug 2026, ₹3,838 Cr.

  • Largest holding

    Larsen and ToubroLarsen and Toubro is 1.8% of this scheme's NAV.

  • Fund manager

    Jigar SethiaRuns it since 19 Jun 2020, as the fund house dates it. With Jignesh Rao (fund manager), Pranavi Kulkarni (fund manager).

Overview(4 Oct 2026)

Fund managers3

  1. Jigar SethiaFund manager · Jun 2020
  2. Jignesh RaoFund manager · Jun 2020 · 23y · PGDM
  3. Pranavi KulkarniFund manager · Aug 2026 · 16y · MBA B.E.
  1. Krishnpal YadavSept 2025 – Aug 2026
  2. Amit ModaniFeb 2025 – Sept 2025
  3. Abhishek IyerJan 2023 – Feb 2025

Key facts

Benchmark
Nifty 50 Arbitrage Index
Risk
Low
Expense
Regular 3.34% · Direct 2.57%
Exit load
0.25% within 15 days
Started
19 Jun 2020
Minimum
₹5,000

Source.Its Scheme Summary Document as of 4 Oct 2026 at AMFI.

What changed(18 changes)

Oct 2026

1 change
  1. Expense ratio
    4 OctRegular 3.42% → 3.34%Direct 2.64% → 2.57%

Aug 2026

2 changes
  1. Pranavi Kulkarni joined
    19 Augas fund manager
  2. Krishnpal Yadav left
    19 Augran it as fund manager from Sept 2025

Jul 2026

1 change
  1. Expense ratio
    29 JulRegular 0.93% → 3.42%Direct 0.13% → 2.64%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jun 2020 – now)

  1. Jigar Sethia
  2. Jignesh Rao
  3. Pranavi Kulkarni
  4. Krishnpal Yadav
  5. Amit Modani
  6. Abhishek Iyer
MainCoSlice202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
13 changesRegularDirectΔ pt
4 Oct 20263.34%2.57%0.07
29 Jul 20263.42%2.64%2.51
20 Mar 20260.93%0.13%0.02
22 Sept 20250.93%0.15%0.01
17 Jul 20250.93%0.14%0.01
24 Jun 20250.93%0.15%0.01
21 Apr 20250.94%0.14%0.01
19 Mar 20250.92%0.13%0.01
27 Feb 20250.92%0.14%0.01
17 Jan 20250.93%0.15%0
17 Oct 20240.92%0.15%0.04
17 Sept 20240.98%0.19%0.02
21 Aug 20241.00%0.21%–
Direct plan, 4 Oct 2026
2.57%
Regular plan 3.34% · Exit load 0.25% within 15 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(4 Oct 2026)

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.

Risk, type and benchmark

Riskometer
Low
At launch
Low
Type
An open-ended scheme investing in arbitrage opportunities. No investment in InvITs permitted.
Benchmark
Nifty 50 Arbitrage Index

Asset allocation it may hold% of NAV

  1. Equities and Equity Linked instruments
    Allowed65–90%
  2. (Medium to High)Debt instruments** (including the margin money deployed in derivative transactions
    Allowed65–90%
  3. (Medium to High)Units of liquid instruments and/or units of debt/liquid schemes of domestic Mutual Funds
    Allowed10–35%
  4. Equities and Equity Linked instruments
    Allowed0–35%
  5. (Medium to High)Debt instruments** (including the margin money deployed in derivative transactions)
    Allowed65–100%
  6. units of liquid instruments and/or units of debt/liquid schemes of domestic Mutual Funds
    Allowed0–35%

Holds in Sept 2026.73.5% equity · 26.5% debt and cash

How to invest(4 Oct 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
Any Amount
Systematic
SIP - Monthly / Quarterly SWP - Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Dates
SIP - Except 29,30 and 31 all dates SWP - 1, 10, 15, 21 and 28 STP - Daily, Weekly only Wednesday, Fortnightly - alternate Wednesday, Monthly
Minimum
₹500, then in multiples of ₹1
Instalments
5

Selling and switching

To redeem
₹1 or Any Units units
Switch minimum
₹5,000
Switch multiples
₹1
Switch most
Any Amount or Any Units units

Scheme details(4 Oct 2026)

What it is

Category
Hybrid Fund
Offer
3 Jun 2020 to 12 Jun 2020
Started
19 Jun 2020
Reopened
22 Jun 2020
Plans
Direct Plan Growth · Direct Plan IDCW - Payout · Direct PlanIDCW - Reinvestment · Regular PlanIDCW - Payout · Regular PlanIDCW - Reinvestment · Regular Plan Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabled.
Custodian
SBI – SG Securities Services Pvt. Ltd., Mumbai
Auditor
M/s. Chokshi & Chokshi, Chartered Accountant
Registrar
KFIN Technologies Limited
SEBI code
MIRA/O/H/ARB/20/04/0019