About Mirae Asset Arbitrage Fund Direct - Growth
Mirae Asset Arbitrage Fund Direct - Growth scheme return performance is 0.07% since scheme launch. The min. SIP amount to invest in this scheme is ₹5000.
The scheme seeks 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.
About Fund Category
Arbitrage fund leverages on the price differential of an asset (like stocks) in the cash and derivatives market to deliver low volatility returns. Being hybrid in nature, they are allowed to invest a significant portion towards equity and equity related instruments. Due to this, the capital gains from arbitrage funds are taxed in the same way as equity funds.