Mahindra Manulife Arbitrage Fund
Mahindra Manulife Arbitrage Fund is structured for low-volatility returns through substantial cash and liquid fund holdings that cushion equity arbitrage positions, with banking stocks anchoring the modest equity exposure. The fund's negative sector tilts and rotating stock positions suggest the manager is selectively capturing merger-arb and valuation dislocations while maintaining defensive positioning. Recent trimming of net receivables alongside tactical bank stock adjustments signals cautious conviction—favoring established financial names over broader equity bets in a potentially uncertain near-term environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹13.5129 | — | — | — | — | — | — |
| Regular Growth | ₹12.8967 | +0.29% | +1.15% | +2.61% | +5.25% | +5.66% | +4.81% |
| Direct IDCW | ₹13.5129 | — | — | — | — | — | — |
| Regular IDCW | ₹12.8967 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Canara Bank | 2.75% |
| InterGlobe Aviation Limited | 1.49% |
| JSW Steel Limited | 0.08% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 70.36% |
| 2 | Mahindra Manulife Low Duration Fund - Direct Plan -Growth INF174V01267 | 14.98% |
| 3 | Mahindra Manulife Liquid Fund -Direct Plan -Growth INF174V01044 | 8.13% |
| 4 | HDFC Bank Limited INE040A01034 | 7.75% |
| 5 | Triparty Repo nan | 6.90% |
| 6 | Tata Power Company Limited INE245A01021 | 6.20% |
| 7 | Hindalco Industries Limited INE038A01020 | 5.70% |
| 8 | ICICI Bank Limited INE090A01021 | 5.28% |
| 9 | Axis Bank Limited INE238A01034 | 4.52% |
| 10 | Titan Company Limited INE280A01028 | 4.03% |
| 11 | Maruti Suzuki India Limited INE585B01010 | 3.97% |
| 12 | Tata Steel Limited INE081A01020 | 3.93% |
| 13 | Reliance Industries Limited INE002A01018 | 3.50% |
| 14 | Canara Bank INE476A01022 | 2.75% |
| 15 | Indus Towers Limited INE121J01017 | 2.48% |
| 16 | Kotak Mahindra Bank Ltd INE237A01036 | 2.46% |
| 17 | Bharti Airtel Limited INE397D01024 | 2.31% |
| 18 | Bajaj Finserv Limited INE918I01026 | 2.14% |
| 19 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.97% |
| 20 | Jio Financial Services Limited INE758E01017 | 1.86% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.