JM Arbitrage Fund - Direct (IDCW-M)

Arbitrage Fund

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NAV
14.64(-0.04%)
Fund Size (CR)
₹376.2
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
0.5%
Return Since Launch
5.68%

Absolute Return: 1.61%

Annualized Return: 0%

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	27 February 2026	10015.82	0.16%	-	0.16%	69/175
1 Month	6 February 2026	10047.44	0.47%	-	0.47%	77/175
3 Month	5 December 2025	10171.80	1.72%	-	1.66%	60/174
6 Month	5 September 2025	10325.95	3.26%	-	3.16%	63/166
1 Year	6 March 2025	10648.87	6.49%	6.49%	6.45%	71/160
3 Year	6 March 2023	12348.58	23.49%	7.28%	7.16%	62/142
5 Year	5 March 2021	13458.60	34.59%	6.11%	6.04%	64/140
Since Inception	29 July 2015	17971.18	79.71%	5.68%	5.78%	113/175

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 April 2025	1,20,000	163513.44	36.26%	36.26%
3 Year	3 April 2023	3,60,000	526877.76	46.35%	13.54%
5 Year	1 April 2021	6,00,000	937909.12	56.32%	9.35%
10 Year	1 April 2016	12,00,000	1988999.26	65.75%	5.18%

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%.

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Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

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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

3.36%

Sharpe Ratio

-0.78%

Treynor's Ratio

0.12%

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
HDFC Bank	5.48%	219450	19.48	Equity	Banks
ICICI Bank	4.70%	121100	16.70	Equity	Banks
Eternal	3.98%	574725	14.16	Equity	E-Commerce/App based Aggregator
Kotak Mah. Bank	3.90%	334000	13.87	Equity	Banks
Multi Comm. Exc.	3.70%	53750	13.13	Equity	Financial Services
Tata Steel	3.65%	610500	12.96	Equity	Steel
Vodafone Idea	2.53%	8505525	9.01	Equity	Telecom-Service
Bharti Airtel	2.44%	46075	8.66	Equity	Telecom-Service
Yes Bank	2.28%	3918600	8.12	Equity	Banks
Adani Ports	1.73%	40375	6.14	Equity	Marine Port & Services

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
JM Arbitrage Fund - Direct (IDCW-M)	376.20	0.47%	1.72%	3.26%	6.49%	7.28%
Motilal Oswal Arbitrage Fund - Direct (IDCW)	2206.60	0.51%	1.87%	3.55%	7.49%	-
Motilal Oswal Arbitrage Fund - Direct (G)	2206.60	0.51%	1.87%	3.55%	7.49%	-
Franklin India Arbitrage Fund - Direct (G)	730.56	0.82%	2.09%	3.78%	7.45%	-
Franklin India Arbitrage Fund - Direct (IDCW)	730.56	0.82%	2.09%	3.78%	7.45%	-
Bandhan Arbitrage - Direct (IDCW-M)	8828.63	0.50%	1.71%	3.79%	7.38%	7.86%

List of Schemes under JM Financial Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
JM Arbitrage Fund	Hybrid	Low	6.49%	2	₹355.42
JM Aggressive Hybrid Fund	Hybrid	Very High	4.3%	5	₹735.49
JM Value Fund	Equity	Very High	3.9%	3	₹857.89
JM Focused Fund	Equity	Very High	5.73%	3	₹286.18
JM Large Cap Fund	Equity	Very High	10.79%	4	₹442.78
JM Dynamic Bond Fund	Debt	Moderate	6.62%	3	₹57.82
JM Liquid Fund	Debt	Moderate	6.29%	2	₹2,576.85
JM Medium to Long Duration Fund	Debt	Moderate	6.2%	3	₹30.49
JM Low Duration Fund	Debt	Moderately Low	7.29%	3	₹222.35
JM Flexicap Fund	Equity	Very High	4.25%	4	₹5,158.73
JM ELSS Tax Saver Fund	Equity	Very High	6.65%	4	₹217.28
JM Overnight Fund	Debt	Low	5.43%	2	₹89.35
JM Liquid Fund	Debt	Moderate	0%	0	₹2,576.85
JM Liquid Fund	Debt	Moderate	0%	0	₹2,576.85
JM Overnight Fund	Debt	Low	5.27%	0	₹89.35
JM Overnight Fund	Debt	Low	0%	0	₹89.35
JM Overnight Fund	Debt	Low	5.43%	0	₹89.35
JM Overnight Fund	Debt	Low	0%	0	₹89.35
JM Short Duration Fund	Debt	Moderate	7.5%	2	₹83.69
JM Midcap Fund	Equity	Very High	9.02%	0	₹1,133.76
JM Small Cap Fund	Equity	Very High	3.31%	0	₹645.98
JM Large & Mid Cap Fund	Equity	Very High	0%	0	₹406.43

News

JM Mutual Fund hereby announces a change in Key Personnel. The details of the change are as under:
JM Mutual Fund has announced the designation of Ms. Mugdha Ghag as Key Personnel of JM Financial Asset Management Limited ('the AMC') with effect from January 29, 2026. The relevant details shall be incorporated in the SAI under 'Information on Key Personnel'.
Details of Ms. Mugdha Ghag
Age: 14 years
Designation: Head 'Marketing & Branding
Qualification: Advanced Program for Marketing Professionals from IIM Calcutta, Post Graduate Diploma in Business Economics from Wigan & Leigh College and B.Sc. Biotechnology from K C College
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Fund House Details & Investment Objective

Date of Incorporation

27 July 2015

Total AUM (Cr)

₹355.42

JM Arbitrage Fund - Direct (IDCW-M) 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 ₹355.42 (Cr), as of 9 March 2026, JM Arbitrage Fund - Direct (IDCW-M) is categorized as a Arbitrage Fund within its segment. The fund has generated a return of 5.68% since its launch.
The current NAV of JM Arbitrage Fund - Direct (IDCW-M) is ₹14.64, as on 9 March 2026. The fund's benchmark index is Nifty 50 Arbitrage TRI. You can invest in JM Arbitrage Fund - Direct (IDCW-M) 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 6.11% 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 68.42% in Equity, 26.46% in Debt and 5.12% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 26.08% in Banks, 20.34% in Debt, 4.66% in Ferrous Metals, 4.62% in Telecom-Services, 3.90% in Capital Markets

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