mahindra manulife income plus arbitrage active fof directgrowth

Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth

Hybrid: Income plus Arbitrage - Growth (Open ended)

SEBI Riskometer: ModerateCategory: Hybrid: Income plus ArbitrageCheck Portfolio Overlap →

NAV: ₹10.47-0.02%

01 Oct 2026

1 Week returns: -0.03 %

Category rank: 20/24

1 Month returns: 0.10 %

Category rank: 16/22

1 Year CAGR: -

Category rank: -

3 Years CAGR: -

Category rank: -

5 Years CAGR: -

Category rank: -

52 week high/low

₹10.00

₹10.49

AUM

12.78

Expense Ratio

0.22

Inception

1765152.00

Max Drawdown

-0.00

Return 1M

0.10

Return YTD

4.35

Return 1Y

Return 3Y

Return 5Y

Alpha

Sharpe

Key Talking Points

Important talking points about the scheme's performance, expense ratio and other factors — grouped by positive, negative, and neutral stance.

Positive

Not enough talking points with positive stance

Negative

Not enough talking points with negative stance

Neutral

Not enough performance data

Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis

Scheme Overview

The scheme seeks to generate long-term capital appreciation from a portfolio created by investing in actively managed debt oriented and arbitrage mutual fund schemes

Scheme Category Overview →

Plan Variants

Mahindra Manulife Income Plus Arbitrage Active FOF Direct-IDCW

Plan

IDCW

Payout

Irregular

Fund Managers

Rahul Pal

Since: 21 Nov 2025

View details

Education

Mr. Pal is a B.Com (H) and Chartered Accountant.

Past Experience

Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Funds managed (12)

1.Mahindra Manulife Liquid Fund4 Jul 2016 – Present

2.Mahindra Manulife Equity Savings Fund10 Jan 2017 – Present

3.Mahindra Manulife Ultra Short to Short Term Fund14 Feb 2017 – Present

4.Mahindra Manulife Dynamic Term Fund27 Jul 2018 – Present

5.Mahindra Manulife Aggressive Hybrid Fund28 Jun 2019 – Present

6.Mahindra Manulife Overnight Fund22 Jul 2019 – Present

7.Mahindra Manulife Ultra Short Term Fund10 Oct 2019 – Present

8.Mahindra Manulife Arbitrage Fund12 Aug 2020 – Present

9.Mahindra Manulife Short Term Fund9 Feb 2021 – Present

10.Mahindra Manulife Balanced Advantage Fund9 Dec 2021 – Present

11.Mahindra Manulife Multi Asset Allocation Fund20 Feb 2024 – Present

12.Mahindra Manulife Income Plus Arbitrage Active FOF21 Nov 2025 – Present

Amit Garg

Since: 21 Nov 2025

View details

Education

Mr Garg is a B.Com, MMS Finance, CFA

Past Experience

Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.

Funds managed (7)

1.Mahindra Manulife Liquid Fund8 Jun 2020 – Present

2.Mahindra Manulife Ultra Short to Short Term Fund1 Jan 2026 – Present

3.Mahindra Manulife Aggressive Hybrid Fund2 May 2024 – Present

4.Mahindra Manulife Overnight Fund8 Jun 2020 – Present

5.Mahindra Manulife Ultra Short Term Fund8 Jun 2020 – Present

6.Mahindra Manulife Asia Pacific REITs FoF28 Sep 2021 – Present

7.Mahindra Manulife Income Plus Arbitrage Active FOF21 Nov 2025 – Present

Mitul Doshi

Since: 21 Nov 2025

View details

Education

Diploma in Electronics & Communication

Past Experience

Prior to joining Mahindra Manulife AMC, he was associated with Edelweiss AMC, Way2wealth Brokers Pvt ltd.

Funds managed (2)

1.Mahindra Manulife Arbitrage Fund2 May 2025 – Present

2.Mahindra Manulife Income Plus Arbitrage Active FOF21 Nov 2025 – Present

Key Scheme Details

Inception

8 Dec 2025

Expense Ratio

0.22%

AUM

₹12.78 Cr

Lock in

No lock in

Taxation

Others

Min. Investment

₹1,000

Min. Addl Investment

Min. SIP Investment

₹500

Exit load

AMC Overview

Mahindra Manulife Mutual Fund background and AUM insights, category-wise distribution and historical AUM growth.

AUM Analysis

AUM distribution as on date:

Aug 31, 2026

Total AUM: ₹ 39,072 Cr

Equity

₹ 31,103 Cr

Hybrid

₹ 5,613 Cr

Debt

₹ 2,356 Cr

	Dec 31, 2021	Jan 31, 2022	Feb 28, 2022	Mar 31, 2022	Apr 30, 2022	May 31, 2022	Jun 30, 2022	Jul 31, 2022	Aug 31, 2022	Sep 30, 2022	Oct 31, 2022	Nov 30, 2022	Dec 31, 2022	Jan 31, 2023	Feb 28, 2023	Mar 31, 2023	Apr 30, 2023	May 31, 2023	Jun 30, 2023	Jul 31, 2023	Aug 31, 2023	Sep 30, 2023	Oct 31, 2023	Nov 30, 2023	Dec 31, 2023	Jan 31, 2024	Feb 29, 2024	Mar 31, 2024	Apr 30, 2024	May 31, 2024	Jun 30, 2024	Jul 31, 2024	Aug 31, 2024	Sep 30, 2024	Oct 31, 2024	Nov 30, 2024	Dec 31, 2024	Jan 31, 2025	Feb 28, 2025	Mar 31, 2025	Apr 30, 2025	May 31, 2025	Jun 30, 2025	Jul 31, 2025	Aug 31, 2025	Sep 30, 2025	Oct 31, 2025	Nov 30, 2025	Dec 31, 2025	Jan 31, 2026	Feb 28, 2026	Mar 31, 2026	Apr 30, 2026	May 31, 2026	Jun 30, 2026	Jul 31, 2026	Aug 31, 2026
equity	4,322 Cr	4,495 Cr	4,418 Cr	4,847 Cr	4,967 Cr	4,933 Cr	4,836 Cr	5,426 Cr	5,790 Cr	5,775 Cr	6,076 Cr	6,227 Cr	6,604 Cr	6,545 Cr	6,562 Cr	6,743 Cr	7,092 Cr	7,481 Cr	8,025 Cr	8,678 Cr	9,415 Cr	10,823 Cr	10,819 Cr	11,980 Cr	13,378 Cr	14,599 Cr	15,082 Cr	15,525 Cr	16,988 Cr	17,736 Cr	20,291 Cr	22,088 Cr	23,055 Cr	23,910 Cr	23,004 Cr	22,513 Cr	22,298 Cr	21,241 Cr	19,685 Cr	21,725 Cr	22,629 Cr	23,889 Cr	25,189 Cr	25,106 Cr	24,784 Cr	25,202 Cr	26,458 Cr	26,644 Cr	26,671 Cr	26,248 Cr	26,733 Cr	24,435 Cr	27,528 Cr	28,031 Cr	29,134 Cr	29,856 Cr	31,103 Cr
hybrid	1,214 Cr	1,333 Cr	1,362 Cr	1,435 Cr	1,477 Cr	1,525 Cr	1,533 Cr	1,635 Cr	1,698 Cr	1,674 Cr	1,735 Cr	1,762 Cr	1,738 Cr	1,700 Cr	1,672 Cr	1,677 Cr	1,694 Cr	1,711 Cr	1,747 Cr	1,788 Cr	1,786 Cr	1,815 Cr	1,805 Cr	1,909 Cr	2,034 Cr	2,166 Cr	2,240 Cr	2,564 Cr	2,716 Cr	2,782 Cr	2,958 Cr	3,321 Cr	3,459 Cr	3,584 Cr	3,574 Cr	3,639 Cr	3,666 Cr	3,636 Cr	3,491 Cr	3,657 Cr	3,769 Cr	3,878 Cr	4,015 Cr	4,013 Cr	4,032 Cr	4,124 Cr	4,303 Cr	4,453 Cr	4,634 Cr	4,709 Cr	4,835 Cr	4,531 Cr	4,892 Cr	4,959 Cr	5,164 Cr	5,414 Cr	5,613 Cr
debt	2,946 Cr	3,036 Cr	2,804 Cr	2,955 Cr	2,891 Cr	2,996 Cr	2,242 Cr	2,014 Cr	1,747 Cr	1,324 Cr	1,472 Cr	1,376 Cr	1,243 Cr	1,549 Cr	1,536 Cr	1,067 Cr	1,174 Cr	1,167 Cr	1,213 Cr	1,740 Cr	1,783 Cr	1,566 Cr	1,689 Cr	1,779 Cr	1,614 Cr	2,162 Cr	2,236 Cr	1,700 Cr	2,106 Cr	2,418 Cr	2,313 Cr	2,639 Cr	2,543 Cr	2,090 Cr	2,411 Cr	2,578 Cr	2,317 Cr	2,452 Cr	2,440 Cr	2,029 Cr	2,509 Cr	2,449 Cr	2,123 Cr	2,160 Cr	2,401 Cr	2,001 Cr	2,122 Cr	2,227 Cr	2,303 Cr	2,250 Cr	2,315 Cr	1,946 Cr	2,098 Cr	2,072 Cr	1,979 Cr	2,443 Cr	2,356 Cr
commodities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total	8,482 Cr	8,864 Cr	8,584 Cr	9,237 Cr	9,335 Cr	9,453 Cr	8,612 Cr	9,075 Cr	9,235 Cr	8,773 Cr	9,283 Cr	9,366 Cr	9,585 Cr	9,794 Cr	9,770 Cr	9,487 Cr	9,959 Cr	10,359 Cr	10,985 Cr	12,205 Cr	12,984 Cr	14,204 Cr	14,313 Cr	15,669 Cr	17,026 Cr	18,926 Cr	19,558 Cr	19,790 Cr	21,810 Cr	22,935 Cr	25,562 Cr	28,048 Cr	29,057 Cr	29,584 Cr	28,989 Cr	28,729 Cr	28,281 Cr	27,330 Cr	25,616 Cr	27,411 Cr	28,907 Cr	30,216 Cr	31,327 Cr	31,279 Cr	31,217 Cr	31,327 Cr	32,883 Cr	33,324 Cr	33,608 Cr	33,207 Cr	33,883 Cr	30,912 Cr	34,518 Cr	35,062 Cr	36,277 Cr	37,713 Cr	39,072 Cr

AMC Details

AMC

Mahindra Manulife Mutual Fund

CEO

Anthony Heredia(Managing Director and Chief Executive Officer)

CIO

Krishna Sanghavi(Chief Investment Officer-Equity), Rahul Pal(Chief Investment Officer-Debt)

IRO

Pooja Vineet Deherkar

Trustee

Mahindra Manulife Trustee Private Limited

Phone

022-66327900

Website

http://www.mahindramanulife.com

Address

1st Floor -, Sadhana House,, 570 - P.B. Marg, Worli,, Mumbai

Frequently Asked Questions

What is the current NAV of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth?

The current NAV of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth is ₹10.47 as of 30 Sep 2026. The NAV of a mutual fund reflects the per-unit market value of the fund's holdings and is updated at the end of every trading day.

What is the AUM of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth?

The AUM (Assets Under Management) of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth is ₹12.78 crore. AUM represents the total market value of assets the fund currently manages on behalf of its investors.

What is the expense ratio of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth?

The expense ratio of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth is 0.22% per annum. This is the annual fee charged by the fund house to manage your investment. A lower expense ratio means more of your returns stay with you — which is one reason direct plans have a lower expense ratio than regular plans.

Who is the fund manager of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth?

Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth is managed by Rahul Pal, Amit Garg, Mitul Doshi. You can check the full list of fund managers in the "Fund Manager" section above.

What is the benchmark of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth?

The benchmark of Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth is -. This is the index against which the fund's performance is measured. Consistently beating the benchmark over long periods is a key indicator of a fund manager's skill.

When was Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth launched?

Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth was launched on 8 Dec 2025. The fund has been in existence for 0 years. A longer track record gives investors more data to evaluate how the fund has performed across different market cycles.

What is the minimum investment in Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth?

The minimum investment in Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth is ₹1,000 for a lump sum and ₹500 per month for a SIP (Systematic Investment Plan). SIPs allow you to invest a fixed amount regularly, making it easier to build wealth over time without needing a large upfront amount.

What is the exit load on Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth?

The exit load on Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth is shown in the Scheme Overview section above. Exit load is charged to discourage early withdrawals and protect long-term investors in the fund.

What category does Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth belong to?

Mahindra Manulife Income Plus Arbitrage Active FOF Direct-Growth belongs to the Hybrid: Income plus Arbitrage category. You can view other funds in this category.

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Dec 31, 2021

Jan 31, 2022

Feb 28, 2022

Mar 31, 2022

Apr 30, 2022

May 31, 2022

Jun 30, 2022

Jul 31, 2022

Aug 31, 2022

Sep 30, 2022

Oct 31, 2022

Nov 30, 2022

Dec 31, 2022

Jan 31, 2023

Feb 28, 2023

Mar 31, 2023

Apr 30, 2023

May 31, 2023

Jun 30, 2023

Jul 31, 2023

Aug 31, 2023

Sep 30, 2023

Oct 31, 2023

Nov 30, 2023

Dec 31, 2023

Jan 31, 2024

Feb 29, 2024

Mar 31, 2024

Apr 30, 2024

May 31, 2024

Jun 30, 2024

Jul 31, 2024

Aug 31, 2024

Sep 30, 2024

Oct 31, 2024

Nov 30, 2024

Dec 31, 2024

Jan 31, 2025

Feb 28, 2025

Mar 31, 2025

Apr 30, 2025

May 31, 2025

Jun 30, 2025

Jul 31, 2025

Aug 31, 2025

Sep 30, 2025

Oct 31, 2025

Nov 30, 2025

Dec 31, 2025

Jan 31, 2026

Feb 28, 2026

Mar 31, 2026

Apr 30, 2026

May 31, 2026

Jun 30, 2026

Jul 31, 2026

Aug 31, 2026

equity

4,322 Cr

4,495 Cr

4,418 Cr

4,847 Cr

4,967 Cr

4,933 Cr

4,836 Cr

5,426 Cr

5,790 Cr

5,775 Cr

6,076 Cr

6,227 Cr

6,604 Cr

6,545 Cr

6,562 Cr

6,743 Cr

7,092 Cr

7,481 Cr

8,025 Cr

8,678 Cr

9,415 Cr

10,823 Cr

10,819 Cr

11,980 Cr

13,378 Cr

14,599 Cr

15,082 Cr

15,525 Cr

16,988 Cr

17,736 Cr

20,291 Cr

22,088 Cr

23,055 Cr

23,910 Cr

23,004 Cr

22,513 Cr

22,298 Cr

21,241 Cr

19,685 Cr

21,725 Cr

22,629 Cr

23,889 Cr

25,189 Cr

25,106 Cr

24,784 Cr

25,202 Cr

26,458 Cr

26,644 Cr

26,671 Cr

26,248 Cr

26,733 Cr

24,435 Cr

27,528 Cr

28,031 Cr

29,134 Cr

29,856 Cr

31,103 Cr

hybrid

1,214 Cr

1,333 Cr

1,362 Cr

1,435 Cr

1,477 Cr

1,525 Cr

1,533 Cr

1,635 Cr

1,698 Cr

1,674 Cr

1,735 Cr

1,762 Cr

1,738 Cr

1,700 Cr

1,672 Cr

1,677 Cr

1,694 Cr

1,711 Cr

1,747 Cr

1,788 Cr

1,786 Cr

1,815 Cr

1,805 Cr

1,909 Cr

2,034 Cr

2,166 Cr

2,240 Cr

2,564 Cr

2,716 Cr

2,782 Cr

2,958 Cr

3,321 Cr

3,459 Cr

3,584 Cr

3,574 Cr

3,639 Cr

3,666 Cr

3,636 Cr

3,491 Cr

3,657 Cr

3,769 Cr

3,878 Cr

4,015 Cr

4,013 Cr

4,032 Cr

4,124 Cr

4,303 Cr

4,453 Cr

4,634 Cr

4,709 Cr

4,835 Cr

4,531 Cr

4,892 Cr

4,959 Cr

5,164 Cr

5,414 Cr

5,613 Cr

debt

2,946 Cr

3,036 Cr

2,804 Cr

2,955 Cr

2,891 Cr

2,996 Cr

2,242 Cr

2,014 Cr

1,747 Cr

1,324 Cr

1,472 Cr

1,376 Cr

1,243 Cr

1,549 Cr

1,536 Cr

1,067 Cr

1,174 Cr

1,167 Cr

1,213 Cr

1,740 Cr

1,783 Cr

1,566 Cr

1,689 Cr

1,779 Cr

1,614 Cr

2,162 Cr

2,236 Cr

1,700 Cr

2,106 Cr

2,418 Cr

2,313 Cr

2,639 Cr

2,543 Cr

2,090 Cr

2,411 Cr

2,578 Cr

2,317 Cr

2,452 Cr

2,440 Cr

2,029 Cr

2,509 Cr

2,449 Cr

2,123 Cr

2,160 Cr

2,401 Cr

2,001 Cr

2,122 Cr

2,227 Cr

2,303 Cr

2,250 Cr

2,315 Cr

1,946 Cr

2,098 Cr

2,072 Cr

1,979 Cr

2,443 Cr

2,356 Cr

commodities

Total

8,482 Cr

8,864 Cr

8,584 Cr

9,237 Cr

9,335 Cr

9,453 Cr

8,612 Cr

9,075 Cr

9,235 Cr

8,773 Cr

9,283 Cr

9,366 Cr

9,585 Cr

9,794 Cr

9,770 Cr

9,487 Cr

9,959 Cr

10,359 Cr

10,985 Cr

12,205 Cr

12,984 Cr

14,204 Cr

14,313 Cr

15,669 Cr

17,026 Cr

18,926 Cr

19,558 Cr

19,790 Cr

21,810 Cr

22,935 Cr

25,562 Cr

28,048 Cr

29,057 Cr

29,584 Cr

28,989 Cr

28,729 Cr

28,281 Cr

27,330 Cr

25,616 Cr

27,411 Cr

28,907 Cr

30,216 Cr

31,327 Cr

31,279 Cr

31,217 Cr

31,327 Cr

32,883 Cr

33,324 Cr

33,608 Cr

33,207 Cr

33,883 Cr

30,912 Cr

34,518 Cr

35,062 Cr

36,277 Cr

37,713 Cr

39,072 Cr