Mutual Funds
AMC
JM Arbitrage Fund - Direct (IDCW-H)

JM Arbitrage Fund - Direct (IDCW-H)

NAV
16.55(0.02%)
Fund Size (CR)
₹373.23
Expense Ratio
0.41
Scheme Type
Active Fund
Value Research

Min. investment
₹1,000
Minimum Additional Investment
₹100
Minimum SIP Investment
₹100
Minimum Withdrawal
₹500
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0.5%
Return Since Launch
5.76%

Absolute Return: 1.68%

Annualized Return: 0%

1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment

Basic Details

Scheme Manager

Asit Bhandarkar

Bench Mark

Nifty 50 Arbitrage TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	16 December 2025	10015.76	0.16%	-	0.14%	23/174
1 Month	21 November 2025	10052.20	0.52%	-	0.47%	17/174
3 Month	23 September 2025	10172.48	1.72%	-	1.66%	55/166
6 Month	23 June 2025	10310.46	3.10%	-	2.98%	56/164
1 Year	23 December 2024	10656.09	6.56%	6.56%	6.48%	65/160
3 Year	23 December 2022	12348.51	23.49%	7.28%	7.17%	62/142
5 Year	23 December 2020	13331.40	33.31%	5.92%	5.90%	67/140
Since Inception	29 July 2015	17912.10	79.12%	5.76%	5.63%	104/175

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	1 January 2025	1,20,000	144657.08	20.55%	20.55%
3 Year	2 January 2023	3,60,000	466922.78	29.70%	9.06%
5 Year	1 January 2021	6,00,000	828356.41	38.06%	6.66%
10 Year	1 January 2016	12,00,000	1848483.81	54.04%	4.42%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

0.12%

Standard Deviation

0.74%

Beta

3.64%

Sharpe Ratio

-0.90%

Treynor's Ratio

0.14%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
ICICI Bank	4.79%	128800	17.89	Equity	Banks
HDFC Bank	4.32%	160050	16.13	Equity	Banks
Reliance Industr	3.99%	95000	14.89	Equity	Refineries
Axis Bank	3.51%	102500	13.12	Equity	Banks
RBL Bank	2.71%	323850	10.12	Equity	Banks
Kotak Mah. Bank	2.66%	46800	9.94	Equity	Banks
Larsen & Toubro	2.50%	22925	9.33	Equity	Infrastructure Developers & Operators
Hindalco Inds.	2.44%	112700	9.11	Equity	Non Ferrous Metals
Yes Bank	2.41%	3918600	8.99	Equity	Banks
Eternal Ltd	2.26%	281300	8.44	Equity	E-Commerce/App based Aggregator

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
JM Arbitrage Fund - Direct (IDCW-H)	373.23	0.52%	1.72%	3.10%	6.56%	7.28%
Bandhan Arbitrage - Direct (IDCW-M)	8882.35	0.49%	2.22%	3.61%	7.48%	7.89%
Motilal Oswal Arbitrage Fund - Direct (G)	1668.30	0.60%	1.89%	3.42%	7.45%	-
Motilal Oswal Arbitrage Fund - Direct (IDCW)	1668.30	0.60%	1.89%	3.42%	7.45%	-
WhiteOak Capital Arbitrage Fund - Direct (G)	822.06	0.52%	1.80%	3.31%	7.35%	-
Tata Arbitrage Fund - Direct (IDCW-M) RI	20154.23	0.58%	1.78%	3.28%	7.19%	7.82%

List of Schemes under JM Financial Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
JM Large Cap Fund	Equity	Very High	5.13%	4	₹482.48
JM Large & Mid Cap Fund	Equity	Very High	0%	0	₹394.58
JM Midcap Fund	Equity	Very High	0.53%	0	₹1,474.62
JM Small Cap Fund	Equity	Very High	-5.29%	0	₹745.35
JM Value Fund	Equity	Very High	-2.1%	3	₹987.49
JM Focused Fund	Equity	Very High	0.53%	3	₹309.29
JM ELSS Tax Saver Fund	Equity	Very High	4.76%	4	₹228.21
JM Overnight Fund	Debt	Low	5.73%	2	₹342.16
JM Overnight Fund	Debt	Low	5.6%	0	₹342.16
JM Overnight Fund	Debt	Low	0%	0	₹342.16
JM Overnight Fund	Debt	Low	5.73%	0	₹342.16
JM Overnight Fund	Debt	Low	0%	0	₹342.16
JM Liquid Fund	Debt	Moderate	6.54%	2	₹2,483.44
JM Liquid Fund	Debt	Moderate	0%	0	₹2,483.44
JM Liquid Fund	Debt	Moderate	0%	0	₹2,483.44
JM Low Duration Fund	Debt	Moderately Low	7.63%	3	₹173.15
JM Short Duration Fund	Debt	Moderate	7.84%	2	₹87.15
JM Medium to Long Duration Fund	Debt	Moderate	6.85%	3	₹30.67
JM Dynamic Bond Fund	Debt	Moderate	7.24%	3	₹58.91
JM Aggressive Hybrid Fund	Hybrid	Very High	-0.64%	5	₹811.30
JM Arbitrage Fund	Hybrid	Low	6.55%	2	₹373.23
JM Flexicap Fund	Equity	Very High	-4.36%	4	₹6,015.32

News

There are no new Updates!

Fund House Details & Investment Objective

Date of Incorporation

27 July 2015

Total AUM (Cr)

₹373.23

JM Arbitrage Fund - Direct (IDCW-H) is an Arbitrage Fund-oriented fund from the renowned AMC, JM Financial Mutual Fund. Launched in 27 July 2015, this fund is managed by Asit Bhandarkar. With assets under management (AUM) worth ₹373.23 (Cr), as of 24 December 2025, JM Arbitrage Fund - Direct (IDCW-H) is categorized as a Arbitrage Fund within its segment. The fund has generated a return of 5.76% since its launch.
The current NAV of JM Arbitrage Fund - Direct (IDCW-H) is ₹16.55, as on 24 December 2025. The fund's benchmark index is Nifty 50 Arbitrage TRI. You can invest in JM Arbitrage Fund - Direct (IDCW-H) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹1,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 7.28% and 5.92% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 75.26% in Equity, 21.65% in Debt and 3.08% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 23.96% in Banks, 19.80% in Debt, 9.41% in Finance, 4.79% in Telecom-Services, 3.92% in Others