Mirae Asset Arbitrage Fund
The fund maintains its core arbitrage strategy with substantial cash and liquid fund holdings providing stability, while the equity component tilts toward financials and automobiles—sectors offering valuation spreads. The significant reduction in net receivables suggests lower arbitrage opportunities in the spot-futures market, prompting the manager to add 40 new positions across mid-cap financials and industrials rather than increasing cash drag. This portfolio refresh signals conviction that mispricing opportunities persist in smaller-cap names, though the muted concentration among individual stocks hints at caution in the current market environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹13.6600 | +0.29% | +5.75% | +6.72% | +5.80% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Bharat Forge Ltd. | 0.30% |
| Muthoot Finance Ltd. | 0.90% |
| Oil & Natural Gas Corporation Ltd. | 0.81% |
| Indian Bank | 0.76% |
| Cochin Shipyard Ltd. | 0.72% |
| ITC Ltd. | 0.69% |
| Coal India Ltd. | 0.53% |
| Steel Authority of India Ltd. | 0.44% |
| Polycab India Ltd. | 0.43% |
| RBL Bank Ltd. | 0.37% |
| Oberoi Realty Ltd. | 0.36% |
| PG Electroplast Ltd. | 0.36% |
| Adani Ports and Special Economic Zone Ltd. | 0.33% |
| Punjab National Bank | 0.30% |
| Avenue Supermarts Ltd. | 0.30% |
| Power Finance Corporation Ltd. | 0.30% |
| KEI Industries Ltd. | 0.29% |
| Infosys Ltd. | 0.29% |
| Bajaj Auto Ltd. | 0.28% |
| Union Bank of India | 0.28% |
| Vedanta Ltd. | 0.28% |
| Astral Ltd. | 0.27% |
| Dixon Technologies (India) Ltd. | 0.27% |
| Mphasis Ltd. | 0.25% |
| HDFC Life Insurance Company Ltd. | 0.23% |
| Motilal Oswal Financial Services Ltd. | 0.22% |
| ABB India Ltd. | 0.21% |
| Persistent Systems Ltd. | 0.21% |
| Vishal Mega Mart Ltd. | 0.21% |
| SBI Cards & Payment Services Ltd. | 0.17% |
| Godfrey Phillips India Ltd. | 0.16% |
| Exide Industries Ltd. | 0.16% |
| Hindustan Aeronautics Ltd. | 0.15% |
| Oil India Ltd. | 0.13% |
| Container Corporation of India Ltd. | 0.10% |
| Tech Mahindra Ltd. | 0.08% |
| Adani Power Ltd. | 0.07% |
| Indian Railway Finance Corporation Ltd. | 0.06% |
| Indian Renewable Energy Development Agency Ltd. | 0.06% |
| Kfin Technologies Ltd. | 0.05% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Mirae Asset Liquid Fund-Direct Plan-Growth INF769K01CM1 | 8.94% |
| 2 | TREPS | 5.57% |
| 3 | Mirae Asset Money Market Fund-Direct Plan-Growth INF769K01HN8 | 4.95% |
| 4 | Maruti Suzuki India Ltd. INE585B01010 | 1.92% |
| 5 | BSE Ltd. INE118H01025 | 1.34% |
| 6 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 1.29% |
| 7 | SBI Life Insurance Co. Ltd. INE123W01016 | 1.11% |
| 8 | Shriram Finance Ltd. INE721A01047 | 1.08% |
| 9 | Interglobe Aviation Ltd. INE646L01027 | 0.98% |
| 10 | Pidilite Industries Ltd. INE318A01026 | 0.97% |
| 11 | Tata Steel Ltd. INE081A01020 | 0.90% |
| 12 | Muthoot Finance Ltd. INE414G01012 | 0.90% |
| 13 | CG Power and Industrial Solutions Ltd. INE067A01029 | 0.89% |
| 14 | Adani Enterprises Ltd. INE423A01024 | 0.86% |
| 15 | Net Receivables / (Payables) | 0.83% |
| 16 | Mahindra & Mahindra Ltd. INE101A01026 | 0.82% |
| 17 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 0.81% |
| 18 | JSW Steel Ltd. INE019A01038 | 0.78% |
| 19 | SRF Ltd. INE647A01010 | 0.77% |
| 20 | Indian Bank INE562A01011 | 0.76% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Arbitrage Fund hold?
Mirae Asset Arbitrage Fund holds 182 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.43% of NAV.
What is the largest holding in Mirae Asset Arbitrage Fund?
The largest position in Mirae Asset Arbitrage Fund is Mirae Asset Liquid Fund-Direct Plan-Growth, accounting for 8.94% of NAV.
Is Mirae Asset Arbitrage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.406, Mirae Asset Arbitrage Fund is well-diversified. The HHI concentration index is 15,248 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.43% of the portfolio.
What is the market cap allocation of Mirae Asset Arbitrage Fund?
Based on SEBI's AMFI classification, Mirae Asset Arbitrage Fund's equity portfolio is split as: Large Cap: 43.44%, Mid Cap: 29.26%, Small Cap: 5.37%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Arbitrage Fund invest in most?
Mirae Asset Arbitrage Fund has the highest allocation to Banks (7.86%), Finance (7.21%), Automobiles (5.29%). The fund is invested across 44 sectors in total.
How actively managed is Mirae Asset Arbitrage Fund compared to other Arbitrage Fund funds?
Mirae Asset Arbitrage Fund has an Active Share of 59.20%, classifying it as "Active Stock Picker" among 34 Arbitrage Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mirae Asset Arbitrage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Arbitrage Fund added 40 new stocks (including Bharat Forge Ltd.) and exited 13 stocks (including Housing and Urban Development Corporation Ltd.). Total holding count increased from 157 to 184 stocks.