Question 1

Which funds are similar to Mahindra Manulife Arbitrage Fund Direct-Growth?

Accepted Answer

Funds similar to Mahindra Manulife Arbitrage Fund Direct-Growth in the Hybrid: Arbitrage category include Kotak Arbitrage Fund Direct-Growth, SBI Arbitrage Opportunities Fund Direct-Growth, and ICICI Prudential Arbitrage Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

Question 2

What is the rank of Mahindra Manulife Arbitrage Fund Direct-Growth in its category?

Accepted Answer

On a 3-year return basis Mahindra Manulife Arbitrage Fund Direct-Growth is ranked 25 out of 25 funds in the Hybrid: Arbitrage category as of 16 Jul 2026. On a 5-year return basis it ranks 24 out of 24. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Question 3

How does Mahindra Manulife Arbitrage Fund Direct-Growth's expense ratio compare to similar funds?

Accepted Answer

Mahindra Manulife Arbitrage Fund Direct-Growth has an expense ratio of 1.14%. The peers Kotak Arbitrage Fund Direct-Growth has an expense ratio of 2.34% and SBI Arbitrage Opportunities Fund Direct-Growth has 1.48%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Question 4

How does Mahindra Manulife Arbitrage Fund Direct-Growth's AUM compare to similar funds?

Accepted Answer

Mahindra Manulife Arbitrage Fund Direct-Growth has an AUM of ₹126.38 crore. The peers Kotak Arbitrage Fund Direct-Growth has an AUM of ₹72,409.4 crore and SBI Arbitrage Opportunities Fund Direct-Growth has ₹45,923.1 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

Question 5

Which fund has the best 3-year returns in the Hybrid: Arbitrage?

Accepted Answer

The top performing fund in the Hybrid: Arbitrage category on a 3-year basis is Kotak Arbitrage Fund Direct-Growth with a CAGR of 7.64% as of 16 Jul 2026. Mahindra Manulife Arbitrage Fund Direct-Growth has delivered 6.54% CAGR over the same period, ranking 25 out of 25 funds. You can view and compare the full category ranking on sharpely.

Question 6

How does Mahindra Manulife Arbitrage Fund Direct-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

On a risk-adjusted basis, Mahindra Manulife Arbitrage Fund Direct-Growth has a Sharpe ratio of 1.09 compared to the Hybrid: Arbitrage average of 2.57 as of 16 Jul 2026. It ranks 25 out of 25 funds in its category on Sharpe ratio.

Period	This Fund	Category Avg	Category Rank
1Y Return	+6.25%	6.58%	30 / 32
3Y Return	+6.54%	7.38%	25 / 25
5Y Return	+5.74%	6.53%	24 / 24
10Y Return	—	6.24%	—

Mahindra Manulife Arbitrage Fund Direct-Growth

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