What will the Investment Strategy be?<\/strong><\/p>\n\n\n\n

The scheme will seek to achieve its investment objective primarily by employing various strategies which seek to exploit available arbitrage opportunities in markets. If suitable arbitrage opportunities are not available in the opinion of the Fund Manager, the scheme may predominantly invest in debt and money market securities.<\/p>\n\n\n\n

The market provides opportunities to the investor to derive returns from the implied cost of carry between the underlying cash market and the derivatives market. This provides for opportunities to generate returns that are possibly higher than short term interest rates with minimal active price risk on equities. Implied cost of carry and spreads across the spot, futures and options markets can potentially lead to profitable arbitrage opportunities.<\/p>\n\n\n\n

The Scheme would carry out arbitrage strategies, which would entail taking offsetting positions in the various markets simultaneously. The arbitrage strategy can also be on account of buy-back of shares announced by a company and\/or differences in prices between two exchanges\/markets. In this case the arbitrage strategy will not include an offsetting derivatives transaction.<\/p>\n\n\n\n

The Investment Manager will use a disciplined quantitative analysis while accessing arbitrage opportunities. The Investment Manager will have an effective risk monitoring and control process to ensure adherence to regulatory guidelines and limits.<\/p>\n\n\n\n

Risk Control Measures<\/strong><\/p>\n\n\n\n

Investments made from the net assets of the Scheme would be in accordance with the investment objective of the Scheme and the provisions of the SEBI (MF) Regulations. The AMC will strive to achieve the investment objective by way of a judicious portfolio mix comprising of Debt and Money Market Instruments. Every investment opportunity in Debt and Money Market Instruments would be assessed with regard to credit risk, interest rate risk, liquidity risk, derivatives risk and concentration risk.<\/p>\n\n\n\n

Who will manage Mirae Asset Arbitrage Fund?<\/strong><\/p>\n\n\n\n

The Mirae Asset Arbitrage Fund will be co-managed, the equity portion will be managed by Mr Jignesh Rao and Mr Jigar Shethia, whereas Mr Mahendra Kumar Jajoo will manage the debt portion of the scheme.<\/p>\n\n\n\n

Mr Jignesh N Rao<\/strong> has more than 15 years of experience in the field of Equity dealing and has done BSC along with a Post Graduate Dimploma in Business Administration. Rao was associated with Motilal Oswal Asset Management Company Ltd. as Dealer – Equity.<\/p>\n\n\n\n

Mr Jignesh Rao will manage the equity portion of the Scheme.  Currently at the Mirae Asset Mutual Fund Mr Rao does not manage any other scheme.<\/p>\n\n\n\n

Mr Jigar Bharat Shethia<\/strong> has more than 14 years of experience in the field of Equity dealing. Prior to this assignment, Mr. Shethia was associated with Sushil Financial Services Pvt Ltd as Assistant Manager – Equity.<\/p>\n\n\n\n

Mr Jigar Shethia too will be handling the equity portion of the scheme. Currently he does not manage any other scheme of Mirae Asset Mutual Fund.<\/p>\n\n\n\n

Mr Mahendra Jajoo<\/strong> will manage the debt portion of the Scheme. He holds over has over 27 years of experience in the field of financial services including 13 years of experience in Fixed Income fund management. Mr Jajoo is a Chartered Accountant (CA), Company Secretary (ACS) and Chartered Financial Analyst (CFA)<\/p>\n\n\n\n