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JM Arbitrage Fund Direct Growth
Alternative StrategiesArbitrage FundLow Risk
Direct
NAV (13-Nov-25)
₹35.530.12%1D
Returns (Since Inception)
6.41%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹391 Cr
Expense Ratio
0.41%
ISIN
INF192K01BN6
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
JM Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by JM Financial Mutual Fund. This fund has been in existence for 12 years, 10 months and 13 days, having been launched on 01-Jan-13.
As of 13-Nov-25, it has a Net Asset Value (NAV) of ₹35.53, Assets Under Management (AUM) of 390.54 Crores, and an expense ratio of 0.41%.
As of 13-Nov-25, it has a Net Asset Value (NAV) of ₹35.53, Assets Under Management (AUM) of 390.54 Crores, and an expense ratio of 0.41%.
- JM Arbitrage Fund Direct Growth has given a CAGR return of 6.41% since inception.
- The fund's asset allocation comprises around -0.46% in equities, 1.30% in debts, and 99.14% in cash & cash equivalents.
- You can start investing in JM Arbitrage Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+6.56%
+6.09% (Cat Avg.)
3 Years
+7.39%
+7.05% (Cat Avg.)
5 Years
+5.83%
+5.72% (Cat Avg.)
10 Years
+5.70%
+5.82% (Cat Avg.)
Since Inception
+6.41%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2025
| Equity | ₹-1.8 Cr | -0.46% |
| Debt | ₹5.1 Cr | 1.30% |
| Others | ₹387.25 Cr | 99.16% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹306.4 Cr | 78.46% |
| Ccil | Cash - Repurchase Agreement | ₹35.67 Cr | 9.13% |
| Future on Axis Bank Ltd | Equity - Future | ₹-15.66 Cr | 4.01% |
| Future on ICICI Bank Ltd | Equity - Future | ₹-15.64 Cr | 4.01% |
| Axis Bank Ltd | Equity | ₹15.56 Cr | 3.99% |
| ICICI Bank Ltd | Equity | ₹15.54 Cr | 3.98% |
| JM Liquid Dir Gr | Mutual Fund - Open End | ₹14.05 Cr | 3.60% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-13.46 Cr | 3.45% |
| Reliance Industries Ltd | Equity | ₹13.38 Cr | 3.43% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-12.68 Cr | 3.25% |
| HDFC Bank Ltd | Equity | ₹12.6 Cr | 3.23% |
| Future on Sammaan Capital Ltd | Equity - Future | ₹-10.86 Cr | 2.78% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-10.8 Cr | 2.77% |
| Sammaan Capital Ltd | Equity | ₹10.79 Cr | 2.76% |
| Bharti Airtel Ltd | Equity | ₹10.73 Cr | 2.75% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-9.9 Cr | 2.54% |
| Kotak Mahindra Bank Ltd | Equity | ₹9.84 Cr | 2.52% |
| Eternal Limited 25/11/2025 | Equity - Future | ₹-9.62 Cr | 2.46% |
| Eternal Ltd | Equity | ₹9.55 Cr | 2.45% |
| Future on State Bank of India | Equity - Future | ₹-9.41 Cr | 2.41% |
| State Bank of India | Equity | ₹9.35 Cr | 2.39% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-9.29 Cr | 2.38% |
| Larsen & Toubro Ltd | Equity | ₹9.24 Cr | 2.37% |
| Future on Yes Bank Ltd | Equity - Future | ₹-8.95 Cr | 2.29% |
| Future on Adani Ports & Special Economic Zone Ltd | Equity - Future | ₹-8.95 Cr | 2.29% |
| Yes Bank Ltd | Equity | ₹8.91 Cr | 2.28% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹8.89 Cr | 2.28% |
| Future on RBL Bank Ltd | Equity - Future | ₹-8.85 Cr | 2.27% |
| RBL Bank Ltd | Equity | ₹8.81 Cr | 2.26% |
| Marico Limited 25/11/2025 | Equity - Future | ₹-8.52 Cr | 2.18% |
| Marico Ltd | Equity | ₹8.47 Cr | 2.17% |
| Future on Tata Steel Ltd | Equity - Future | ₹-7.69 Cr | 1.97% |
| Tata Steel Ltd | Equity | ₹7.64 Cr | 1.96% |
| Future on ITC Hotels Ltd | Equity - Future | ₹-6.84 Cr | 1.75% |
| ITC Ltd | Equity | ₹6.79 Cr | 1.74% |
| Future on Multi Commodity Exchange of India Ltd | Equity - Future | ₹-6.74 Cr | 1.73% |
| Multi Commodity Exchange of India Ltd | Equity | ₹6.7 Cr | 1.72% |
| Future on JSW Energy Ltd | Equity - Future | ₹-5.63 Cr | 1.44% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-5.62 Cr | 1.44% |
| JSW Energy Ltd | Equity | ₹5.59 Cr | 1.43% |
| Hindalco Industries Ltd | Equity | ₹5.58 Cr | 1.43% |
| Future on Bank of Baroda | Equity - Future | ₹-5.48 Cr | 1.40% |
| Bank of Baroda | Equity | ₹5.46 Cr | 1.40% |
| Future on Patanjali Foods Ltd | Equity - Future | ₹-5.4 Cr | 1.38% |
| Patanjali Foods Ltd | Equity | ₹5.37 Cr | 1.37% |
| Future on Canara Bank | Equity - Future | ₹-5.11 Cr | 1.31% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.1 Cr | 1.30% |
| Canara Bank | Equity | ₹5.09 Cr | 1.30% |
| 364 DTB 21112025 | Bond - Gov't/Treasury | ₹4.99 Cr | 1.28% |
| 364 DTB 11122025 | Bond - Gov't/Treasury | ₹4.97 Cr | 1.27% |
| 364 DTB 18122025 | Bond - Gov't/Treasury | ₹4.97 Cr | 1.27% |
| Treasury Bills | Bond - Gov't/Treasury | ₹4.95 Cr | 1.27% |
| 91 Days Treasury Bill 23-Jan-2026 | Bond - Gov't/Treasury | ₹4.94 Cr | 1.26% |
| 364 DTB 29012026 | Bond - Gov't/Treasury | ₹4.93 Cr | 1.26% |
| Future on Laurus Labs Ltd | Equity - Future | ₹-3.91 Cr | 1.00% |
| Laurus Labs Ltd | Equity | ₹3.89 Cr | 1.00% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-3.71 Cr | 0.95% |
| Tata Power Co Ltd | Equity | ₹3.7 Cr | 0.95% |
| Net Receivable/Payable | Cash | ₹-3.6 Cr | 0.92% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-3.58 Cr | 0.92% |
| Vodafone Idea Ltd | Equity | ₹3.56 Cr | 0.91% |
| Future on Dixon Technologies (India) Ltd | Equity - Future | ₹-3.5 Cr | 0.90% |
| Dixon Technologies (India) Ltd | Equity | ₹3.49 Cr | 0.89% |
| Future on DLF Ltd | Equity - Future | ₹-3.33 Cr | 0.85% |
| DLF Ltd | Equity | ₹3.31 Cr | 0.85% |
| Future on Adani Energy Solutions Ltd | Equity - Future | ₹-3.15 Cr | 0.81% |
| Adani Energy Solutions Ltd | Equity | ₹3.13 Cr | 0.80% |
| Future on LIC Housing Finance Ltd | Equity - Future | ₹-3.09 Cr | 0.79% |
| LIC Housing Finance Ltd | Equity | ₹3.08 Cr | 0.79% |
| Future on NMDC Ltd | Equity - Future | ₹-3.08 Cr | 0.79% |
| NMDC Ltd | Equity | ₹3.07 Cr | 0.79% |
| Future on Kalyan Jewellers India Ltd | Equity - Future | ₹-3.02 Cr | 0.77% |
| Future on Varun Beverages Ltd | Equity - Future | ₹-3 Cr | 0.77% |
| Kalyan Jewellers India Ltd | Equity | ₹2.99 Cr | 0.77% |
| 91 Days Treasury Bill 04-Dec-2025 | Bond - Gov't/Treasury | ₹2.99 Cr | 0.76% |
| Varun Beverages Ltd | Equity | ₹2.98 Cr | 0.76% |
| Future on PNB Housing Finance Ltd | Equity - Future | ₹-2.97 Cr | 0.76% |
| PNB Housing Finance Ltd | Equity | ₹2.96 Cr | 0.76% |
| Future on Punjab National Bank | Equity - Future | ₹-2.86 Cr | 0.73% |
| Punjab National Bank | Equity | ₹2.85 Cr | 0.73% |
| Future on Biocon Ltd | Equity - Future | ₹-2.72 Cr | 0.70% |
| Biocon Ltd | Equity | ₹2.7 Cr | 0.69% |
| Indus Towers Limited 25/11/2025 | Equity - Future | ₹-2.68 Cr | 0.69% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹2.66 Cr | 0.68% |
| Future on The Federal Bank Ltd | Equity - Future | ₹-2.61 Cr | 0.67% |
| The Federal Bank Ltd | Equity | ₹2.6 Cr | 0.67% |
| Future on Divi's Laboratories Ltd | Equity - Future | ₹-2.58 Cr | 0.66% |
| Divi's Laboratories Ltd | Equity | ₹2.56 Cr | 0.66% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-2.41 Cr | 0.62% |
| Future on Crompton Greaves Consumer Electricals Ltd | Equity - Future | ₹-2.41 Cr | 0.62% |
| Future on Vedanta Ltd | Equity - Future | ₹-2.4 Cr | 0.61% |
| IndusInd Bank Ltd | Equity | ₹2.39 Cr | 0.61% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹2.39 Cr | 0.61% |
| Vedanta Ltd | Equity | ₹2.38 Cr | 0.61% |
| Future on IDFC First Bank Ltd | Equity - Future | ₹-2.36 Cr | 0.61% |
| IDFC First Bank Ltd | Equity | ₹2.35 Cr | 0.60% |
| Future on Samvardhana Motherson International Ltd | Equity - Future | ₹-2.28 Cr | 0.58% |
| Samvardhana Motherson International Ltd | Equity | ₹2.27 Cr | 0.58% |
| Future on Bandhan Bank Ltd | Equity - Future | ₹-2.21 Cr | 0.56% |
| Bandhan Bank Ltd | Equity | ₹2.2 Cr | 0.56% |
| Future on Trent Ltd | Equity - Future | ₹-2.12 Cr | 0.54% |
| Trent Ltd | Equity | ₹2.11 Cr | 0.54% |
| Future on Indian Oil Corp Ltd | Equity - Future | ₹-2.11 Cr | 0.54% |
| Indian Oil Corp Ltd | Equity | ₹2.1 Cr | 0.54% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-2.04 Cr | 0.52% |
| Future on Apollo Hospitals Enterprise Ltd | Equity - Future | ₹-2.03 Cr | 0.52% |
| Mahindra & Mahindra Ltd | Equity | ₹2.02 Cr | 0.52% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹2.02 Cr | 0.52% |
| India (Republic of) | Bond - Short-term Government Bills | ₹2 Cr | 0.51% |
| Future on JSW Steel Ltd | Equity - Future | ₹-1.96 Cr | 0.50% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-1.96 Cr | 0.50% |
| JSW Steel Ltd | Equity | ₹1.95 Cr | 0.50% |
| Bharat Electronics Ltd | Equity | ₹1.94 Cr | 0.50% |
| Future on Indian Energy Exchange Ltd | Equity - Future | ₹-1.73 Cr | 0.44% |
| Indian Energy Exchange Ltd | Equity | ₹1.72 Cr | 0.44% |
| Future on GMR Airports Ltd | Equity - Future | ₹-1.65 Cr | 0.42% |
| GMR Airports Ltd | Equity | ₹1.64 Cr | 0.42% |
| Future on Lodha Developers Ltd | Equity - Future | ₹-1.52 Cr | 0.39% |
| Lodha Developers Ltd | Equity | ₹1.51 Cr | 0.39% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹-1.34 Cr | 0.34% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹1.33 Cr | 0.34% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-1.31 Cr | 0.33% |
| Grasim Industries Ltd | Equity | ₹1.3 Cr | 0.33% |
| Future on NCC Ltd | Equity - Future | ₹-1.27 Cr | 0.32% |
| NCC Ltd | Equity | ₹1.26 Cr | 0.32% |
| Future on Petronet LNG Ltd | Equity - Future | ₹-1.22 Cr | 0.31% |
| Future on Bosch Ltd | Equity - Future | ₹-1.22 Cr | 0.31% |
| Petronet LNG Ltd | Equity | ₹1.22 Cr | 0.31% |
| Bosch Ltd | Equity | ₹1.21 Cr | 0.31% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-1.13 Cr | 0.29% |
| Ambuja Cements Ltd | Equity | ₹1.13 Cr | 0.29% |
| Titan Company Limited 25/11/2025 | Equity - Future | ₹-1.06 Cr | 0.27% |
| Titan Co Ltd | Equity | ₹1.05 Cr | 0.27% |
| Future on Indian Hotels Co Ltd | Equity - Future | ₹-1.05 Cr | 0.27% |
| Indian Hotels Co Ltd | Equity | ₹1.04 Cr | 0.27% |
| Future on Jio Financial Services Ltd | Equity - Future | ₹-1.02 Cr | 0.26% |
| Jio Financial Services Ltd | Equity | ₹1.01 Cr | 0.26% |
| Rural Electrification Corporation Ltd 25/11/2025 | Equity - Future | ₹-0.91 Cr | 0.23% |
| Future on Aditya Birla Capital Ltd | Equity - Future | ₹-0.91 Cr | 0.23% |
| REC Ltd | Equity | ₹0.91 Cr | 0.23% |
| Aditya Birla Capital Ltd | Equity | ₹0.9 Cr | 0.23% |
| National Building Construction Corp 25/11/2025 | Equity - Future | ₹-0.84 Cr | 0.22% |
| NBCC India Ltd | Equity | ₹0.84 Cr | 0.21% |
| Future on Lupin Ltd | Equity - Future | ₹-0.76 Cr | 0.19% |
| Lupin Ltd | Equity | ₹0.75 Cr | 0.19% |
| Future on Hindustan Zinc Ltd | Equity - Future | ₹-0.7 Cr | 0.18% |
| Hindustan Zinc Ltd | Equity | ₹0.7 Cr | 0.18% |
| Future on Max Healthcare Institute Ltd Ordinary Shares | Equity - Future | ₹-0.67 Cr | 0.17% |
| Future on HFCL Ltd | Equity - Future | ₹-0.67 Cr | 0.17% |
| HFCL Ltd | Equity | ₹0.66 Cr | 0.17% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹0.66 Cr | 0.17% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-0.65 Cr | 0.17% |
| Tata Consultancy Services Ltd | Equity | ₹0.64 Cr | 0.16% |
| Future on Bajaj Finserv Ltd | Equity - Future | ₹-0.53 Cr | 0.13% |
| Bajaj Finserv Ltd | Equity | ₹0.52 Cr | 0.13% |
| Future on United Spirits Ltd | Equity - Future | ₹-0.52 Cr | 0.13% |
| United Spirits Ltd | Equity | ₹0.52 Cr | 0.13% |
| Future on Bank of India | Equity - Future | ₹-0.51 Cr | 0.13% |
| Bank of India | Equity | ₹0.51 Cr | 0.13% |
| Future on ICICI Prudential Life Insurance Co Ltd | Equity - Future | ₹-0.49 Cr | 0.13% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.49 Cr | 0.13% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-0.48 Cr | 0.12% |
| UltraTech Cement Ltd | Equity | ₹0.48 Cr | 0.12% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-0.45 Cr | 0.11% |
| Adani Enterprises Ltd | Equity | ₹0.45 Cr | 0.11% |
| Upl Limited 25/11/2025 | Equity - Future | ₹-0.39 Cr | 0.10% |
| UPL Ltd | Equity | ₹0.39 Cr | 0.10% |
| Future on Mazagon Dock Shipbuilders Ltd | Equity - Future | ₹-0.38 Cr | 0.10% |
| Mazagon Dock Shipbuilders Ltd | Equity | ₹0.38 Cr | 0.10% |
| Future on Aurobindo Pharma Ltd | Equity - Future | ₹-0.38 Cr | 0.10% |
| Aurobindo Pharma Ltd | Equity | ₹0.38 Cr | 0.10% |
| Future on Britannia Industries Ltd | Equity - Future | ₹-0.37 Cr | 0.09% |
| Britannia Industries Ltd | Equity | ₹0.36 Cr | 0.09% |
| Future on Alkem Laboratories Ltd | Equity - Future | ₹-0.35 Cr | 0.09% |
| Alkem Laboratories Ltd | Equity | ₹0.34 Cr | 0.09% |
| Future on Nestle India Ltd | Equity - Future | ₹-0.32 Cr | 0.08% |
| Nestle India Ltd | Equity | ₹0.32 Cr | 0.08% |
| Future on Prestige Estates Projects Ltd | Equity - Future | ₹-0.32 Cr | 0.08% |
| Prestige Estates Projects Ltd | Equity | ₹0.31 Cr | 0.08% |
| Future on Cipla Ltd | Equity - Future | ₹-0.28 Cr | 0.07% |
| Cipla Ltd | Equity | ₹0.28 Cr | 0.07% |
| Future on TVS Motor Co Ltd | Equity - Future | ₹-0.25 Cr | 0.06% |
| TVS Motor Co Ltd | Equity | ₹0.25 Cr | 0.06% |
| Future on Pidilite Industries Ltd | Equity - Future | ₹-0.22 Cr | 0.06% |
| Pidilite Industries Ltd | Equity | ₹0.22 Cr | 0.06% |
| Future on Persistent Systems Ltd | Equity - Future | ₹-0.18 Cr | 0.05% |
| Persistent Systems Ltd | Equity | ₹0.18 Cr | 0.05% |
| Future on NHPC Ltd | Equity - Future | ₹-0.16 Cr | 0.04% |
| NHPC Ltd | Equity | ₹0.16 Cr | 0.04% |
| Hindustan Unilever Ltd | Equity | ₹0.15 Cr | 0.04% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-0.15 Cr | 0.04% |
| Future on GAIL (India) Ltd | Equity - Future | ₹-0.12 Cr | 0.03% |
| GAIL (India) Ltd | Equity | ₹0.12 Cr | 0.03% |
| Future on Delhivery Ltd | Equity - Future | ₹-0.1 Cr | 0.02% |
| Delhivery Ltd | Equity | ₹0.1 Cr | 0.02% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.1 Cr | 0.02% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-0.1 Cr | 0.02% |
| Future on IIFL Finance Ltd | Equity - Future | ₹-0.09 Cr | 0.02% |
| IIFL Finance Ltd | Equity | ₹0.09 Cr | 0.02% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹-0.09 Cr | 0.02% |
| Tech Mahindra Ltd | Equity | ₹0.09 Cr | 0.02% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-0.08 Cr | 0.02% |
| Bajaj Finance Ltd | Equity | ₹0.08 Cr | 0.02% |
| Future on Jubilant Foodworks Ltd | Equity - Future | ₹-0.08 Cr | 0.02% |
| Jubilant Foodworks Ltd | Equity | ₹0.07 Cr | 0.02% |
| Future on Coforge Ltd | Equity - Future | ₹-0.07 Cr | 0.02% |
| Coforge Ltd | Equity | ₹0.07 Cr | 0.02% |
| Future on Union Bank of India | Equity - Future | ₹-0.07 Cr | 0.02% |
| Union Bank of India | Equity | ₹0.07 Cr | 0.02% |
| Future on Steel Authority Of India Ltd | Equity - Future | ₹-0.06 Cr | 0.02% |
| Steel Authority Of India Ltd | Equity | ₹0.06 Cr | 0.02% |
| Future on Godrej Properties Ltd | Equity - Future | ₹-0.06 Cr | 0.02% |
| Godrej Properties Ltd | Equity | ₹0.06 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
50.24%
Mid Cap Stocks
16.51%
Small Cap Stocks
2.47%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹133.37 Cr | 34.15% |
| Industrials | ₹25.63 Cr | 6.56% |
| Consumer Cyclical | ₹24.96 Cr | 6.39% |
| Consumer Defensive | ₹24.96 Cr | 6.39% |
| Basic Materials | ₹24.91 Cr | 6.38% |
| Energy | ₹17.24 Cr | 4.41% |
| Communication Services | ₹16.95 Cr | 4.34% |
| Healthcare | ₹13.58 Cr | 3.48% |
| Utilities | ₹12.7 Cr | 3.25% |
| Real Estate | ₹5.19 Cr | 1.33% |
| Technology | ₹5.12 Cr | 1.31% |
Risk & Performance Ratios
Standard Deviation
This fund
0.39%
Cat. avg.
0.54%
Lower the better
Sharpe Ratio
This fund
1.52
Cat. avg.
0.85
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.79
Higher the better
Fund Managers
SR
Satish Ramanathan
Since October 2024
AB
Asit Bhandarkar
Since July 2014
RF
Ruchi Fozdar
Since October 2024
DG
Deepak Gupta
Since April 2025
Additional Scheme Detailsas of 31st October 2025
ISIN INF192K01BN6 | Expense Ratio 0.41% | Exit Load No Charges | Fund Size ₹391 Cr | Age 12 years 10 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY 50 Arbitrage TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Arbitrage Fund Funds
About the AMC
JM Financial Mutual Fund
Total AUM
₹13,853 Cr
Address
502, 5th Floor, A - Wing, Mumbai, 400 051
Other Funds by JM Financial Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| JM Large & Mid Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹372.87 Cr | - |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹112.92 Cr | 5.9% |
| JM Small Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹759.87 Cr | 4.6% |
| JM Fixed Maturity Fund Series 28 Plan B Direct Growth Moderate Risk | - | 0.0% | - | - |
| JM Fixed Maturity Fund Series 28 Plan A Direct Growth Moderate Risk | - | 0.0% | - | - |
| JM Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹390.54 Cr | 6.6% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹815.80 Cr | 2.2% |
| JM Focused Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹309.55 Cr | 5.3% |
| JM Value Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1012.04 Cr | -0.3% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.90 Cr | 7.8% |
| JM Large Cap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹486.91 Cr | 5.5% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1373.53 Cr | 6.7% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹59.71 Cr | 8.3% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹31.07 Cr | 7.8% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹6080.39 Cr | -0.4% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.1% | 0.0% | ₹224.19 Cr | 8.2% |
| JM Midcap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1477.25 Cr | 6.5% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹200.81 Cr | 6.8% |
| JM Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹87.53 Cr | 8.4% |
Risk Level
Your principal amount will be at Low Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of JM Arbitrage Fund Direct Growth?
The NAV of JM Arbitrage Fund Direct Growth, as of 13-Nov-2025, is ₹35.53.
What are the returns of JM Arbitrage Fund Direct Growth?
The fund has generated 6.56% over the last 1 year and 7.39% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of JM Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.46% in equities, 1.30% in bonds, and 99.14% in cash and cash equivalents.
Who manages the JM Arbitrage Fund Direct Growth?
The fund managers responsible for JM Arbitrage Fund Direct Growth are:-
- Satish Ramanathan
- Asit Bhandarkar
- Ruchi Fozdar
- Deepak Gupta
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
JM Arbitrage Fund Direct Growth
Alternative StrategiesArbitrage FundLow Risk
Direct
NAV (13-Nov-25)
₹35.530.12%1D
Returns (Since Inception)
6.41%
Rated ★4.3+ on
Fund Overview
Fund Size
₹391 Cr
Expense Ratio
0.41%
ISIN
INF192K01BN6
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
Risk Level
Your principal amount will be at Low Risk
About this fund
JM Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by JM Financial Mutual Fund. This fund has been in existence for 12 years, 10 months and 13 days, having been launched on 01-Jan-13.
As of 13-Nov-25, it has a Net Asset Value (NAV) of ₹35.53, Assets Under Management (AUM) of 390.54 Crores, and an expense ratio of 0.41%.
As of 13-Nov-25, it has a Net Asset Value (NAV) of ₹35.53, Assets Under Management (AUM) of 390.54 Crores, and an expense ratio of 0.41%.
- JM Arbitrage Fund Direct Growth has given a CAGR return of 6.41% since inception.
- The fund's asset allocation comprises around -0.46% in equities, 1.30% in debts, and 99.14% in cash & cash equivalents.
- You can start investing in JM Arbitrage Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+6.56%
+6.09% (Cat Avg.)
3 Years
+7.39%
+7.05% (Cat Avg.)
5 Years
+5.83%
+5.72% (Cat Avg.)
10 Years
+5.70%
+5.82% (Cat Avg.)
Since Inception
+6.41%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2025
| Equity | ₹-1.8 Cr | -0.46% |
| Debt | ₹5.1 Cr | 1.30% |
| Others | ₹387.25 Cr | 99.16% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹306.4 Cr | 78.46% |
| Ccil | Cash - Repurchase Agreement | ₹35.67 Cr | 9.13% |
| Future on Axis Bank Ltd | Equity - Future | ₹-15.66 Cr | 4.01% |
| Future on ICICI Bank Ltd | Equity - Future | ₹-15.64 Cr | 4.01% |
| Axis Bank Ltd | Equity | ₹15.56 Cr | 3.99% |
| ICICI Bank Ltd | Equity | ₹15.54 Cr | 3.98% |
| JM Liquid Dir Gr | Mutual Fund - Open End | ₹14.05 Cr | 3.60% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-13.46 Cr | 3.45% |
| Reliance Industries Ltd | Equity | ₹13.38 Cr | 3.43% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-12.68 Cr | 3.25% |
| HDFC Bank Ltd | Equity | ₹12.6 Cr | 3.23% |
| Future on Sammaan Capital Ltd | Equity - Future | ₹-10.86 Cr | 2.78% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-10.8 Cr | 2.77% |
| Sammaan Capital Ltd | Equity | ₹10.79 Cr | 2.76% |
| Bharti Airtel Ltd | Equity | ₹10.73 Cr | 2.75% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-9.9 Cr | 2.54% |
| Kotak Mahindra Bank Ltd | Equity | ₹9.84 Cr | 2.52% |
| Eternal Limited 25/11/2025 | Equity - Future | ₹-9.62 Cr | 2.46% |
| Eternal Ltd | Equity | ₹9.55 Cr | 2.45% |
| Future on State Bank of India | Equity - Future | ₹-9.41 Cr | 2.41% |
| State Bank of India | Equity | ₹9.35 Cr | 2.39% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-9.29 Cr | 2.38% |
| Larsen & Toubro Ltd | Equity | ₹9.24 Cr | 2.37% |
| Future on Yes Bank Ltd | Equity - Future | ₹-8.95 Cr | 2.29% |
| Future on Adani Ports & Special Economic Zone Ltd | Equity - Future | ₹-8.95 Cr | 2.29% |
| Yes Bank Ltd | Equity | ₹8.91 Cr | 2.28% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹8.89 Cr | 2.28% |
| Future on RBL Bank Ltd | Equity - Future | ₹-8.85 Cr | 2.27% |
| RBL Bank Ltd | Equity | ₹8.81 Cr | 2.26% |
| Marico Limited 25/11/2025 | Equity - Future | ₹-8.52 Cr | 2.18% |
| Marico Ltd | Equity | ₹8.47 Cr | 2.17% |
| Future on Tata Steel Ltd | Equity - Future | ₹-7.69 Cr | 1.97% |
| Tata Steel Ltd | Equity | ₹7.64 Cr | 1.96% |
| Future on ITC Hotels Ltd | Equity - Future | ₹-6.84 Cr | 1.75% |
| ITC Ltd | Equity | ₹6.79 Cr | 1.74% |
| Future on Multi Commodity Exchange of India Ltd | Equity - Future | ₹-6.74 Cr | 1.73% |
| Multi Commodity Exchange of India Ltd | Equity | ₹6.7 Cr | 1.72% |
| Future on JSW Energy Ltd | Equity - Future | ₹-5.63 Cr | 1.44% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-5.62 Cr | 1.44% |
| JSW Energy Ltd | Equity | ₹5.59 Cr | 1.43% |
| Hindalco Industries Ltd | Equity | ₹5.58 Cr | 1.43% |
| Future on Bank of Baroda | Equity - Future | ₹-5.48 Cr | 1.40% |
| Bank of Baroda | Equity | ₹5.46 Cr | 1.40% |
| Future on Patanjali Foods Ltd | Equity - Future | ₹-5.4 Cr | 1.38% |
| Patanjali Foods Ltd | Equity | ₹5.37 Cr | 1.37% |
| Future on Canara Bank | Equity - Future | ₹-5.11 Cr | 1.31% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.1 Cr | 1.30% |
| Canara Bank | Equity | ₹5.09 Cr | 1.30% |
| 364 DTB 21112025 | Bond - Gov't/Treasury | ₹4.99 Cr | 1.28% |
| 364 DTB 11122025 | Bond - Gov't/Treasury | ₹4.97 Cr | 1.27% |
| 364 DTB 18122025 | Bond - Gov't/Treasury | ₹4.97 Cr | 1.27% |
| Treasury Bills | Bond - Gov't/Treasury | ₹4.95 Cr | 1.27% |
| 91 Days Treasury Bill 23-Jan-2026 | Bond - Gov't/Treasury | ₹4.94 Cr | 1.26% |
| 364 DTB 29012026 | Bond - Gov't/Treasury | ₹4.93 Cr | 1.26% |
| Future on Laurus Labs Ltd | Equity - Future | ₹-3.91 Cr | 1.00% |
| Laurus Labs Ltd | Equity | ₹3.89 Cr | 1.00% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-3.71 Cr | 0.95% |
| Tata Power Co Ltd | Equity | ₹3.7 Cr | 0.95% |
| Net Receivable/Payable | Cash | ₹-3.6 Cr | 0.92% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-3.58 Cr | 0.92% |
| Vodafone Idea Ltd | Equity | ₹3.56 Cr | 0.91% |
| Future on Dixon Technologies (India) Ltd | Equity - Future | ₹-3.5 Cr | 0.90% |
| Dixon Technologies (India) Ltd | Equity | ₹3.49 Cr | 0.89% |
| Future on DLF Ltd | Equity - Future | ₹-3.33 Cr | 0.85% |
| DLF Ltd | Equity | ₹3.31 Cr | 0.85% |
| Future on Adani Energy Solutions Ltd | Equity - Future | ₹-3.15 Cr | 0.81% |
| Adani Energy Solutions Ltd | Equity | ₹3.13 Cr | 0.80% |
| Future on LIC Housing Finance Ltd | Equity - Future | ₹-3.09 Cr | 0.79% |
| LIC Housing Finance Ltd | Equity | ₹3.08 Cr | 0.79% |
| Future on NMDC Ltd | Equity - Future | ₹-3.08 Cr | 0.79% |
| NMDC Ltd | Equity | ₹3.07 Cr | 0.79% |
| Future on Kalyan Jewellers India Ltd | Equity - Future | ₹-3.02 Cr | 0.77% |
| Future on Varun Beverages Ltd | Equity - Future | ₹-3 Cr | 0.77% |
| Kalyan Jewellers India Ltd | Equity | ₹2.99 Cr | 0.77% |
| 91 Days Treasury Bill 04-Dec-2025 | Bond - Gov't/Treasury | ₹2.99 Cr | 0.76% |
| Varun Beverages Ltd | Equity | ₹2.98 Cr | 0.76% |
| Future on PNB Housing Finance Ltd | Equity - Future | ₹-2.97 Cr | 0.76% |
| PNB Housing Finance Ltd | Equity | ₹2.96 Cr | 0.76% |
| Future on Punjab National Bank | Equity - Future | ₹-2.86 Cr | 0.73% |
| Punjab National Bank | Equity | ₹2.85 Cr | 0.73% |
| Future on Biocon Ltd | Equity - Future | ₹-2.72 Cr | 0.70% |
| Biocon Ltd | Equity | ₹2.7 Cr | 0.69% |
| Indus Towers Limited 25/11/2025 | Equity - Future | ₹-2.68 Cr | 0.69% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹2.66 Cr | 0.68% |
| Future on The Federal Bank Ltd | Equity - Future | ₹-2.61 Cr | 0.67% |
| The Federal Bank Ltd | Equity | ₹2.6 Cr | 0.67% |
| Future on Divi's Laboratories Ltd | Equity - Future | ₹-2.58 Cr | 0.66% |
| Divi's Laboratories Ltd | Equity | ₹2.56 Cr | 0.66% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-2.41 Cr | 0.62% |
| Future on Crompton Greaves Consumer Electricals Ltd | Equity - Future | ₹-2.41 Cr | 0.62% |
| Future on Vedanta Ltd | Equity - Future | ₹-2.4 Cr | 0.61% |
| IndusInd Bank Ltd | Equity | ₹2.39 Cr | 0.61% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹2.39 Cr | 0.61% |
| Vedanta Ltd | Equity | ₹2.38 Cr | 0.61% |
| Future on IDFC First Bank Ltd | Equity - Future | ₹-2.36 Cr | 0.61% |
| IDFC First Bank Ltd | Equity | ₹2.35 Cr | 0.60% |
| Future on Samvardhana Motherson International Ltd | Equity - Future | ₹-2.28 Cr | 0.58% |
| Samvardhana Motherson International Ltd | Equity | ₹2.27 Cr | 0.58% |
| Future on Bandhan Bank Ltd | Equity - Future | ₹-2.21 Cr | 0.56% |
| Bandhan Bank Ltd | Equity | ₹2.2 Cr | 0.56% |
| Future on Trent Ltd | Equity - Future | ₹-2.12 Cr | 0.54% |
| Trent Ltd | Equity | ₹2.11 Cr | 0.54% |
| Future on Indian Oil Corp Ltd | Equity - Future | ₹-2.11 Cr | 0.54% |
| Indian Oil Corp Ltd | Equity | ₹2.1 Cr | 0.54% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-2.04 Cr | 0.52% |
| Future on Apollo Hospitals Enterprise Ltd | Equity - Future | ₹-2.03 Cr | 0.52% |
| Mahindra & Mahindra Ltd | Equity | ₹2.02 Cr | 0.52% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹2.02 Cr | 0.52% |
| India (Republic of) | Bond - Short-term Government Bills | ₹2 Cr | 0.51% |
| Future on JSW Steel Ltd | Equity - Future | ₹-1.96 Cr | 0.50% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-1.96 Cr | 0.50% |
| JSW Steel Ltd | Equity | ₹1.95 Cr | 0.50% |
| Bharat Electronics Ltd | Equity | ₹1.94 Cr | 0.50% |
| Future on Indian Energy Exchange Ltd | Equity - Future | ₹-1.73 Cr | 0.44% |
| Indian Energy Exchange Ltd | Equity | ₹1.72 Cr | 0.44% |
| Future on GMR Airports Ltd | Equity - Future | ₹-1.65 Cr | 0.42% |
| GMR Airports Ltd | Equity | ₹1.64 Cr | 0.42% |
| Future on Lodha Developers Ltd | Equity - Future | ₹-1.52 Cr | 0.39% |
| Lodha Developers Ltd | Equity | ₹1.51 Cr | 0.39% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹-1.34 Cr | 0.34% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹1.33 Cr | 0.34% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-1.31 Cr | 0.33% |
| Grasim Industries Ltd | Equity | ₹1.3 Cr | 0.33% |
| Future on NCC Ltd | Equity - Future | ₹-1.27 Cr | 0.32% |
| NCC Ltd | Equity | ₹1.26 Cr | 0.32% |
| Future on Petronet LNG Ltd | Equity - Future | ₹-1.22 Cr | 0.31% |
| Future on Bosch Ltd | Equity - Future | ₹-1.22 Cr | 0.31% |
| Petronet LNG Ltd | Equity | ₹1.22 Cr | 0.31% |
| Bosch Ltd | Equity | ₹1.21 Cr | 0.31% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-1.13 Cr | 0.29% |
| Ambuja Cements Ltd | Equity | ₹1.13 Cr | 0.29% |
| Titan Company Limited 25/11/2025 | Equity - Future | ₹-1.06 Cr | 0.27% |
| Titan Co Ltd | Equity | ₹1.05 Cr | 0.27% |
| Future on Indian Hotels Co Ltd | Equity - Future | ₹-1.05 Cr | 0.27% |
| Indian Hotels Co Ltd | Equity | ₹1.04 Cr | 0.27% |
| Future on Jio Financial Services Ltd | Equity - Future | ₹-1.02 Cr | 0.26% |
| Jio Financial Services Ltd | Equity | ₹1.01 Cr | 0.26% |
| Rural Electrification Corporation Ltd 25/11/2025 | Equity - Future | ₹-0.91 Cr | 0.23% |
| Future on Aditya Birla Capital Ltd | Equity - Future | ₹-0.91 Cr | 0.23% |
| REC Ltd | Equity | ₹0.91 Cr | 0.23% |
| Aditya Birla Capital Ltd | Equity | ₹0.9 Cr | 0.23% |
| National Building Construction Corp 25/11/2025 | Equity - Future | ₹-0.84 Cr | 0.22% |
| NBCC India Ltd | Equity | ₹0.84 Cr | 0.21% |
| Future on Lupin Ltd | Equity - Future | ₹-0.76 Cr | 0.19% |
| Lupin Ltd | Equity | ₹0.75 Cr | 0.19% |
| Future on Hindustan Zinc Ltd | Equity - Future | ₹-0.7 Cr | 0.18% |
| Hindustan Zinc Ltd | Equity | ₹0.7 Cr | 0.18% |
| Future on Max Healthcare Institute Ltd Ordinary Shares | Equity - Future | ₹-0.67 Cr | 0.17% |
| Future on HFCL Ltd | Equity - Future | ₹-0.67 Cr | 0.17% |
| HFCL Ltd | Equity | ₹0.66 Cr | 0.17% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹0.66 Cr | 0.17% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-0.65 Cr | 0.17% |
| Tata Consultancy Services Ltd | Equity | ₹0.64 Cr | 0.16% |
| Future on Bajaj Finserv Ltd | Equity - Future | ₹-0.53 Cr | 0.13% |
| Bajaj Finserv Ltd | Equity | ₹0.52 Cr | 0.13% |
| Future on United Spirits Ltd | Equity - Future | ₹-0.52 Cr | 0.13% |
| United Spirits Ltd | Equity | ₹0.52 Cr | 0.13% |
| Future on Bank of India | Equity - Future | ₹-0.51 Cr | 0.13% |
| Bank of India | Equity | ₹0.51 Cr | 0.13% |
| Future on ICICI Prudential Life Insurance Co Ltd | Equity - Future | ₹-0.49 Cr | 0.13% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.49 Cr | 0.13% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-0.48 Cr | 0.12% |
| UltraTech Cement Ltd | Equity | ₹0.48 Cr | 0.12% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-0.45 Cr | 0.11% |
| Adani Enterprises Ltd | Equity | ₹0.45 Cr | 0.11% |
| Upl Limited 25/11/2025 | Equity - Future | ₹-0.39 Cr | 0.10% |
| UPL Ltd | Equity | ₹0.39 Cr | 0.10% |
| Future on Mazagon Dock Shipbuilders Ltd | Equity - Future | ₹-0.38 Cr | 0.10% |
| Mazagon Dock Shipbuilders Ltd | Equity | ₹0.38 Cr | 0.10% |
| Future on Aurobindo Pharma Ltd | Equity - Future | ₹-0.38 Cr | 0.10% |
| Aurobindo Pharma Ltd | Equity | ₹0.38 Cr | 0.10% |
| Future on Britannia Industries Ltd | Equity - Future | ₹-0.37 Cr | 0.09% |
| Britannia Industries Ltd | Equity | ₹0.36 Cr | 0.09% |
| Future on Alkem Laboratories Ltd | Equity - Future | ₹-0.35 Cr | 0.09% |
| Alkem Laboratories Ltd | Equity | ₹0.34 Cr | 0.09% |
| Future on Nestle India Ltd | Equity - Future | ₹-0.32 Cr | 0.08% |
| Nestle India Ltd | Equity | ₹0.32 Cr | 0.08% |
| Future on Prestige Estates Projects Ltd | Equity - Future | ₹-0.32 Cr | 0.08% |
| Prestige Estates Projects Ltd | Equity | ₹0.31 Cr | 0.08% |
| Future on Cipla Ltd | Equity - Future | ₹-0.28 Cr | 0.07% |
| Cipla Ltd | Equity | ₹0.28 Cr | 0.07% |
| Future on TVS Motor Co Ltd | Equity - Future | ₹-0.25 Cr | 0.06% |
| TVS Motor Co Ltd | Equity | ₹0.25 Cr | 0.06% |
| Future on Pidilite Industries Ltd | Equity - Future | ₹-0.22 Cr | 0.06% |
| Pidilite Industries Ltd | Equity | ₹0.22 Cr | 0.06% |
| Future on Persistent Systems Ltd | Equity - Future | ₹-0.18 Cr | 0.05% |
| Persistent Systems Ltd | Equity | ₹0.18 Cr | 0.05% |
| Future on NHPC Ltd | Equity - Future | ₹-0.16 Cr | 0.04% |
| NHPC Ltd | Equity | ₹0.16 Cr | 0.04% |
| Hindustan Unilever Ltd | Equity | ₹0.15 Cr | 0.04% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-0.15 Cr | 0.04% |
| Future on GAIL (India) Ltd | Equity - Future | ₹-0.12 Cr | 0.03% |
| GAIL (India) Ltd | Equity | ₹0.12 Cr | 0.03% |
| Future on Delhivery Ltd | Equity - Future | ₹-0.1 Cr | 0.02% |
| Delhivery Ltd | Equity | ₹0.1 Cr | 0.02% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.1 Cr | 0.02% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-0.1 Cr | 0.02% |
| Future on IIFL Finance Ltd | Equity - Future | ₹-0.09 Cr | 0.02% |
| IIFL Finance Ltd | Equity | ₹0.09 Cr | 0.02% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹-0.09 Cr | 0.02% |
| Tech Mahindra Ltd | Equity | ₹0.09 Cr | 0.02% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-0.08 Cr | 0.02% |
| Bajaj Finance Ltd | Equity | ₹0.08 Cr | 0.02% |
| Future on Jubilant Foodworks Ltd | Equity - Future | ₹-0.08 Cr | 0.02% |
| Jubilant Foodworks Ltd | Equity | ₹0.07 Cr | 0.02% |
| Future on Coforge Ltd | Equity - Future | ₹-0.07 Cr | 0.02% |
| Coforge Ltd | Equity | ₹0.07 Cr | 0.02% |
| Future on Union Bank of India | Equity - Future | ₹-0.07 Cr | 0.02% |
| Union Bank of India | Equity | ₹0.07 Cr | 0.02% |
| Future on Steel Authority Of India Ltd | Equity - Future | ₹-0.06 Cr | 0.02% |
| Steel Authority Of India Ltd | Equity | ₹0.06 Cr | 0.02% |
| Future on Godrej Properties Ltd | Equity - Future | ₹-0.06 Cr | 0.02% |
| Godrej Properties Ltd | Equity | ₹0.06 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
50.24%
Mid Cap Stocks
16.51%
Small Cap Stocks
2.47%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹133.37 Cr | 34.15% |
| Industrials | ₹25.63 Cr | 6.56% |
| Consumer Cyclical | ₹24.96 Cr | 6.39% |
| Consumer Defensive | ₹24.96 Cr | 6.39% |
| Basic Materials | ₹24.91 Cr | 6.38% |
| Energy | ₹17.24 Cr | 4.41% |
| Communication Services | ₹16.95 Cr | 4.34% |
| Healthcare | ₹13.58 Cr | 3.48% |
| Utilities | ₹12.7 Cr | 3.25% |
| Real Estate | ₹5.19 Cr | 1.33% |
| Technology | ₹5.12 Cr | 1.31% |
Risk & Performance Ratios
Standard Deviation
This fund
0.39%
Cat. avg.
0.54%
Lower the better
Sharpe Ratio
This fund
1.52
Cat. avg.
0.85
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.79
Higher the better
Fund Managers
SR
Satish Ramanathan
Since October 2024
AB
Asit Bhandarkar
Since July 2014
RF
Ruchi Fozdar
Since October 2024
DG
Deepak Gupta
Since April 2025
Additional Scheme Detailsas of 31st October 2025
ISIN INF192K01BN6 | Expense Ratio 0.41% | Exit Load No Charges | Fund Size ₹391 Cr | Age 12 years 10 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY 50 Arbitrage TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Arbitrage Fund Funds
About the AMC
JM Financial Mutual Fund
Total AUM
₹13,853 Cr
Address
502, 5th Floor, A - Wing, Mumbai, 400 051
Other Funds by JM Financial Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| JM Large & Mid Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹372.87 Cr | - |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹112.92 Cr | 5.9% |
| JM Small Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹759.87 Cr | 4.6% |
| JM Fixed Maturity Fund Series 28 Plan B Direct Growth Moderate Risk | - | 0.0% | - | - |
| JM Fixed Maturity Fund Series 28 Plan A Direct Growth Moderate Risk | - | 0.0% | - | - |
| JM Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹390.54 Cr | 6.6% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹815.80 Cr | 2.2% |
| JM Focused Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹309.55 Cr | 5.3% |
| JM Value Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1012.04 Cr | -0.3% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.90 Cr | 7.8% |
| JM Large Cap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹486.91 Cr | 5.5% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1373.53 Cr | 6.7% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹59.71 Cr | 8.3% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹31.07 Cr | 7.8% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹6080.39 Cr | -0.4% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.1% | 0.0% | ₹224.19 Cr | 8.2% |
| JM Midcap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1477.25 Cr | 6.5% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹200.81 Cr | 6.8% |
| JM Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹87.53 Cr | 8.4% |
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What is the current NAV of JM Arbitrage Fund Direct Growth?
The NAV of JM Arbitrage Fund Direct Growth, as of 13-Nov-2025, is ₹35.53.
What are the returns of JM Arbitrage Fund Direct Growth?
The fund has generated 6.56% over the last 1 year and 7.39% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of JM Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.46% in equities, 1.30% in bonds, and 99.14% in cash and cash equivalents.
Who manages the JM Arbitrage Fund Direct Growth?
The fund managers responsible for JM Arbitrage Fund Direct Growth are:-
- Satish Ramanathan
- Asit Bhandarkar
- Ruchi Fozdar
- Deepak Gupta
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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