NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Mirae Asset Arbitrage Fund Growth for NRI [12.51]

Min Investment

5,000

Fund Size

2,839.16 Cr

Expense Ratio

1.0%

Exit Load

0.25%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

12.51

-0.03%

NAV as on 13 Nov 24, 12:00 AM

low risk

arbitrage fund

equity

NAV as on 13 Nov 24, 12:00 AM

low risk

arbitrage fund

equity

7.42%p.a.

Last 1Y

6.04%p.a.

Last 3Y

0.00%p.a.

Last 5Y

5.19%p.a.

Since Inception

About Mirae Asset Arbitrage Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Arbitrage Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Arbitrage Fund mutual fund scheme that predominantly invests in Arbitrage Fund stocks of companies. Launched on Jun 2020, Mirae Asset Arbitrage Fund Growth is Arbitrage Fund fund of its category with 2,839.16 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Arbitrage Fund funds.

  • Mirae Asset Arbitrage Fund Growth delivered 7.4% annual returns during the last year. It has delivered 5.2% average annual returns since the fund was launched.
  • Mirae Asset Arbitrage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund 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.

Top 10 Holdings

Mirae Asset Liquid Dir Gr

7.22%

Future on Canara Bank

2.03%

Canara Bank

2.01%

Future on Kotak Mahindra Bank Ltd

1.56%

Kotak Mahindra Bank Ltd

1.55%

Future on Mahindra & Mahindra Ltd

1.47%

Mahindra & Mahindra Ltd

1.45%

Future on Vodafone Idea Ltd

1.36%

Vodafone Idea Ltd

1.35%

Future on Wipro Ltd

1.28%

Fund Managers

  1. Jignesh Rao (Jun 2020 - Present)
  2. Jigar Shethia (Jun 2020 - Present)
  3. Abhishek Iyer (Jan 2023 - Present)

Key Information

View Scheme Document

Mirae Asset Arbitrage Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Mirae Asset Arbitrage Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Mirae Asset Arbitrage Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset Arbitrage Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions