Mirae Asset Arbitrage Fund

Mirae Asset Mutual FundHybridPortfolio as of 31 July 2026

Mirae Asset Arbitrage Fund holds 185 instruments (79.58% equity), led by Muthoot Finance Limited (1.93%), Larsen & Toubro Limited (1.34%) and ETERNAL LIMITED (1.29%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

185

Equity Allocation

79.58%

AMC

Mirae Asset Mutual Fund

Portfolio Analysis

Mirae Asset Arbitrage Fund's top 10 holdings account for 11.65% of its portfolio, more diversified than the Hybrid category average of 28.9%. Financial Services is its largest sector exposure at 22.24% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 25 new positions and exited 15 positions, with Muthoot Finance Limited seeing the largest move (+1.39pp to 1.93%).

Top 10 Equity Holdings

Muthoot Finance Limited · 1.93%Larsen & Toubro Limited · 1.34%ETERNAL LIMITED · 1.29%REC Limited · 1.15%RBL Bank Limited · 1.12%Vedanta Limited · 1.09%Steel Authority of India Limited · 0.98%Axis Bank Limited · 0.94%Eicher Motors Limited · 0.91%FORCE MOTORS LTD · 0.9%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

25 new entries15 exits10 increased10 reduced

New Entries

Complete Exits

Power Finance Corporation Limited · was 0.85%Swiggy Limited · was 0.59%SHREE CEMENT LIMITED · was 0.44%Nippon Life India Asset Management Limited · was 0.4%Godfrey Phillips India Limited · was 0.3%Indian Railway Finance Corporation Limited · was 0.28%SBI Cards and Payment Services Limited · was 0.27%Exide Industries Limited · was 0.26%Kfin Technologies Limited · was 0.25%Inox Wind Limited · was 0.2%Dixon Technologies (India) Limited · was 0.19%Lodha Developers Limited · was 0.09%L&T Finance Limited · was 0.08%Oil India Limited · was 0.05%Mazagon Dock Shipbuilders Limited · was 0.02%

Biggest Weight Increases

Stock	Weight	Change
Muthoot Finance Limited	0.54% → 1.93%	▲ +1.39
RBL Bank Limited	0.16% → 1.12%	▲ +0.96
ETERNAL LIMITED	0.48% → 1.29%	▲ +0.81
Eicher Motors Limited	0.25% → 0.91%	▲ +0.66
Vedanta Limited	0.44% → 1.09%	▲ +0.65
Oil & Natural Gas Corporation Limited	0.15% → 0.78%	▲ +0.63
CG Power and Industrial Solutions Limited	0.21% → 0.82%	▲ +0.61
FORCE MOTORS LTD	0.29% → 0.9%	▲ +0.61
Steel Authority of India Limited	0.42% → 0.98%	▲ +0.56
United Spirits Limited	0.02% → 0.56%	▲ +0.54

Biggest Weight Reductions

Stock	Weight	Change
BSE Limited	1.32% → 0.46%	▼ -0.86
ICICI Bank Limited	1.49% → 0.72%	▼ -0.77
One 97 Communications Limited	0.68% → 0.02%	▼ -0.66
The Phoenix Mills Limited	0.91% → 0.4%	▼ -0.51
IndusInd Bank Limited	0.56% → 0.05%	▼ -0.51
Central Depository Services (India) Limited	0.97% → 0.47%	▼ -0.5
Bharti Airtel Limited	1.29% → 0.83%	▼ -0.46
Page Industries Limited	0.54% → 0.11%	▼ -0.43
Angel One Limited	1.04% → 0.63%	▼ -0.41
Hindustan Aeronautics Limited	0.54% → 0.14%	▼ -0.4

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

Muthoot Finance Limited

1.93%

Larsen & Toubro Limited

1.34%

ETERNAL LIMITED

1.29%

REC Limited

1.15%

RBL Bank Limited

1.12%

Full Portfolio (185 holdings)

#	Holding	Sector	% to NAV
1	Mirae Asset Liquid Fund - Direct Plan - Growthmf	—	9.03%
2	TREPStreps	—	7.05%
3	Mirae Asset Money Market Fund Direct Growthmf	—	4.5%
4	Muthoot Finance Limited	Financial Services	1.93%
5	Larsen & Toubro Limited	Industrials	1.34%
6	ETERNAL LIMITED	Consumer Discretionary	1.29%
7	REC Limited	Financial Services	1.15%
8	RBL Bank Limited	Financial Services	1.12%
9	Vedanta Limited	Materials	1.09%
10	Steel Authority of India Limited	Materials	0.98%
11	Axis Bank Limited	Financial Services	0.94%
12	Eicher Motors Limited	Consumer Discretionary	0.91%
13	FORCE MOTORS LTD	Consumer Discretionary	0.9%
14	Cochin Shipyard Limited	Industrials	0.84%
15	Bharti Airtel Limited	Telecommunication	0.83%
16	Tata Consultancy Services Limited	Information Technology	0.83%
17	IDFC First Bank Limited	Financial Services	0.83%
18	CG Power and Industrial Solutions Limited	Industrials	0.82%
19	Oil & Natural Gas Corporation Limited	Energy	0.78%
20	PB Fintech Limited	Financial Services	0.78%
21	Oberoi Realty Limited	Real Estate	0.78%
22	Bharat Forge Limited	Consumer Discretionary	0.76%
23	Kalyan Jewellers India Limited	Consumer Discretionary	0.76%
24	Pidilite Industries Limited	Materials	0.76%
25	Laurus Labs Limited	Healthcare	0.74%
26	Coal India Limited	Energy	0.73%
27	ICICI Bank Limited	Financial Services	0.72%
28	Cholamandalam Investment and Finance Company Limited	Financial Services	0.7%
29	Info Edge (India) Limited	Consumer Discretionary	0.7%
30	Maruti Suzuki India Limited	Consumer Discretionary	0.7%
31	Ashok Leyland Limited	Industrials	0.69%
32	Multi Commodity Exchange of India Limited	Financial Services	0.68%
33	NMDC Limited	Materials	0.67%
34	Hindustan Unilever Limited	Consumer Staples	0.66%
35	SBI Life Insurance Company Limited	Financial Services	0.66%
36	Max Financial Services Limited	Financial Services	0.66%
37	Vodafone Idea Limited	Telecommunication	0.65%
38	State Bank of India	Financial Services	0.65%
39	Hitachi Energy India Limited	Industrials	0.63%
40	Godrej Properties Limited	Real Estate	0.63%
41	TVS Motor Company Limited	Consumer Discretionary	0.63%
42	Angel One Limited	Financial Services	0.63%
43	DLF Limited	Real Estate	0.62%
44	Bharat Petroleum Corporation Limited	Energy	0.6%
45	Aurobindo Pharma Limited	Healthcare	0.57%
46	Bharat Electronics Limited	Industrials	0.56%
47	United Spirits Limited	Consumer Staples	0.56%
48	The Federal Bank Limited	Financial Services	0.55%
49	Power Grid Corporation of India Limited	Utilities	0.55%
50	Titan Company Limited	Consumer Discretionary	0.55%
51	InterGlobe Aviation Limited	Services	0.54%
52	Radico Khaitan Limited	Consumer Staples	0.54%
53	Sun Pharmaceutical Industries Limited	Healthcare	0.54%
54	LIC Housing Finance Limited	Financial Services	0.54%
55	Bajaj Finserv Limited	Financial Services	0.54%
56	Coforge Limited	Information Technology	0.53%
57	GE Vernova T&D India Limited	Industrials	0.53%
58	Divi's Laboratories Limited	Healthcare	0.53%
59	Persistent Systems Limited	Information Technology	0.53%
60	Delhivery Limited	Services	0.53%
61	PG Electroplast Limited	Consumer Discretionary	0.52%
62	ICICI Prudential Life Insurance Company Limited	Financial Services	0.51%
63	Hero MotoCorp Limited	Consumer Discretionary	0.5%
64	Kaynes Technology India Limited	Industrials	0.5%
65	Mahindra & Mahindra Limited	Consumer Discretionary	0.49%
66	Motilal Oswal Financial Services Limited	Financial Services	0.47%
67	Central Depository Services (India) Limited	Financial Services	0.47%
68	Polycab India Limited	Industrials	0.46%
69	AU Small Finance Bank Limited	Financial Services	0.46%
70	BSE Limited	Financial Services	0.46%
71	ABB India Limited	Industrials	0.44%
72	APL Apollo Tubes Limited	Industrials	0.44%
73	NTPC Limited	Utilities	0.44%
74	JSW Energy Limited	Utilities	0.44%
75	Biocon Limited	Healthcare	0.44%
76	Glenmark Pharmaceuticals Limited	Healthcare	0.43%
77	Adani Energy Solutions Limited	Utilities	0.43%
78	Container Corporation of India Limited	Services	0.42%
79	Fortis Healthcare Limited	Healthcare	0.41%
80	Nestle India Limited	Consumer Staples	0.41%
81	National Aluminium Company Limited	Materials	0.41%
82	Marico Limited	Consumer Staples	0.41%
83	FSN E-Commerce Ventures Limited	Consumer Discretionary	0.41%
84	Lupin Limited	Healthcare	0.41%
85	Tube Investments of India Limited	Consumer Discretionary	0.41%
86	Hindustan Zinc Limited	Materials	0.41%
87	The Phoenix Mills Limited	Real Estate	0.4%
88	Asian Paints Limited	Consumer Discretionary	0.4%
89	Tata Steel Limited	Materials	0.4%
90	Hindalco Industries Limited	Materials	0.4%
91	GAIL (India) Limited	Utilities	0.4%
92	UNO Minda Limited	Consumer Discretionary	0.4%
93	ICICI Lombard General Insurance Company Limited	Financial Services	0.39%
94	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.39%
95	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.39%
96	Reliance Industries Limited	Energy	0.39%
97	Canara Bank	Financial Services	0.39%
98	Vishal Mega Mart Limited	Consumer Discretionary	0.39%
99	HDFC Bank Limited	Financial Services	0.39%
100	Adani Green Energy Limited	Utilities	0.38%
101	Manappuram Finance Limited	Financial Services	0.38%
102	Prestige Estates Projects Limited	Real Estate	0.37%
103	Alkem Laboratories Limited	Healthcare	0.37%
104	HDFC Asset Management Company Limited	Financial Services	0.37%
105	Max Healthcare Institute Limited	Healthcare	0.35%
106	Adani Enterprises Limited	Materials	0.35%
107	Havells India Limited	Consumer Discretionary	0.34%
108	UltraTech Cement Limited	Materials	0.34%
109	Patanjali Foods Limited	Consumer Staples	0.34%
110	Indian Bank	Financial Services	0.33%
111	Kotak Mahindra Bank Limited	Financial Services	0.33%
112	JSW Steel Limited	Materials	0.33%
113	360 ONE WAM LIMITED	Financial Services	0.33%
114	KPIT Technologies Limited	Information Technology	0.33%
115	LTM Limited	Information Technology	0.32%
116	Aditya Birla Capital Limited	Financial Services	0.32%
117	Premier Energies Limited	Industrials	0.32%
118	KEI Industries Limited	Industrials	0.32%
119	Bajaj Finance Limited	Financial Services	0.32%
120	Punjab National Bank	Financial Services	0.32%
121	The Indian Hotels Company Limited	Consumer Discretionary	0.31%
122	Solar Industries India Limited	Materials	0.31%
123	Bank of India	Financial Services	0.31%
124	Bajaj Auto Limited	Consumer Discretionary	0.31%
125	Indian Energy Exchange Limited	Financial Services	0.31%
126	Indus Towers Limited	Telecommunication	0.3%
127	Grasim Industries Limited	Materials	0.3%
128	Adani Ports and Special Economic Zone Limited	Services	0.3%
129	Mankind Pharma Limited	Healthcare	0.29%
130	Union Bank of India	Financial Services	0.29%
131	Cipla Limited	Healthcare	0.29%
132	Oracle Financial Services Software Limited	Information Technology	0.29%
133	JINDAL STEEL LIMITED	Materials	0.28%
134	Tata Power Company Limited	Utilities	0.28%
135	Rail Vikas Nigam Limited	Industrials	0.28%
136	Samvardhana Motherson International Limited	Consumer Discretionary	0.28%
137	Apollo Hospitals Enterprise Limited	Healthcare	0.28%
138	Bank of Baroda	Financial Services	0.27%
139	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.27%
140	Shriram Finance Limited	Financial Services	0.27%
141	Ambuja Cements Limited	Materials	0.27%
142	Torrent Pharmaceuticals Limited	Healthcare	0.27%
143	Cummins India Limited	Industrials	0.26%
144	Amber Enterprises India Limited	Consumer Discretionary	0.26%
145	Computer Age Management Services Limited	Financial Services	0.26%
146	Hindustan Petroleum Corporation Limited	Energy	0.26%
147	Dabur India Limited	Consumer Staples	0.26%
148	GMR AIRPORTS LIMITED	Services	0.25%
149	Bosch Limited	Consumer Discretionary	0.24%
150	PNB Housing Finance Limited	Financial Services	0.24%
151	Suzlon Energy Limited	Industrials	0.23%
152	SRF Limited	Materials	0.23%
153	UPL Limited	Materials	0.22%
154	NBCC (India) Limited	Industrials	0.22%
155	Adani Power Limited	Utilities	0.22%
156	Godrej Consumer Products Limited	Consumer Staples	0.21%
157	Voltas Limited	Consumer Discretionary	0.21%
158	Bajaj Holdings & Investment Limited	Financial Services	0.21%
159	Supreme Industries Limited	Industrials	0.21%
160	Bandhan Bank Limited	Financial Services	0.21%
161	HDFC Life Insurance Company Limited	Financial Services	0.2%
162	ITC Limited	Consumer Staples	0.2%
163	Trent Limited	Consumer Discretionary	0.2%
164	Tata Elxsi Limited	Information Technology	0.19%
165	Zydus Lifesciences Limited	Healthcare	0.17%
166	Jio Financial Services Limited	Financial Services	0.17%
167	Colgate Palmolive (India) Limited	Consumer Staples	0.16%
168	Indian Oil Corporation Limited	Energy	0.16%
169	Varun Beverages Limited	Consumer Staples	0.16%
170	Dalmia Bharat Limited	Materials	0.15%
171	Dr. Reddy's Laboratories Limited	Healthcare	0.15%
172	Hindustan Aeronautics Limited	Industrials	0.14%
173	Page Industries Limited	Consumer Discretionary	0.11%
174	Yes Bank Limited	Financial Services	0.11%
175	Avenue Supermarts Limited	Consumer Discretionary	0.09%
176	NHPC Limited	Utilities	0.08%
177	Hyundai Motor India Limited	Consumer Discretionary	0.05%
178	IndusInd Bank Limited	Financial Services	0.05%
179	Sona BLW Precision Forgings Limited	Consumer Discretionary	0.04%
180	Blue Star Limited	Consumer Discretionary	0.04%
181	Bharat Heavy Electricals Limited	Industrials	0.03%
182	One 97 Communications Limited	Financial Services	0.02%
183	Wipro Limited	Information Technology	0%
184	Infosys Limited	Information Technology	0%
185	Net Receivables / (Payables)other	—	-0.21%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, Muthoot Finance Limited is 1.93% of Mirae Asset Arbitrage Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, Larsen & Toubro Limited is 1.34% of Mirae Asset Arbitrage Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, ETERNAL LIMITED is 1.29% of Mirae Asset Arbitrage Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, REC Limited is 1.15% of Mirae Asset Arbitrage Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, RBL Bank Limited is 1.12% of Mirae Asset Arbitrage Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Mirae Asset Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.