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JM Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (12-Sep-25)
₹35.160.02%1D
Returns (Since Inception)
6.42%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹319 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, 8 months and 14 days, having been launched on 01-Jan-13.
As of 12-Sep-25, it has a Net Asset Value (NAV) of ₹35.16, Assets Under Management (AUM) of 318.93 Crores, and an expense ratio of 0.41%.
As of 12-Sep-25, it has a Net Asset Value (NAV) of ₹35.16, Assets Under Management (AUM) of 318.93 Crores, and an expense ratio of 0.41%.
- JM Arbitrage Fund Direct Growth has given a CAGR return of 6.42% since inception.
- The fund's asset allocation comprises around 69.22% in equities, 4.07% in debts, and 26.70% 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
+6.71%
+6.31% (Cat Avg.)
3 Years
+7.30%
+6.95% (Cat Avg.)
5 Years
+5.70%
+5.62% (Cat Avg.)
10 Years
+5.70%
+5.79% (Cat Avg.)
Since Inception
+6.42%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2025
| Equity | ₹220.77 Cr | 69.22% |
| Debt | ₹12.98 Cr | 4.07% |
| Others | ₹85.19 Cr | 26.71% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Ccil | Cash - Repurchase Agreement | ₹36.77 Cr | 10.07% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹24.99 Cr | 6.84% |
| JM Liquid Dir Gr | Mutual Fund - Open End | ₹13.92 Cr | 3.81% |
| ICICI Bank Ltd | Equity | ₹13.5 Cr | 3.70% |
| Axis Bank Ltd | Equity | ₹12.93 Cr | 3.54% |
| HDFC Bank Ltd | Equity | ₹12.56 Cr | 3.44% |
| Bharti Airtel Ltd | Equity | ₹10.86 Cr | 2.97% |
| State Bank of India | Equity | ₹9.63 Cr | 2.64% |
| Reliance Industries Ltd | Equity | ₹9.23 Cr | 2.53% |
| Bajaj Finance Ltd | Equity | ₹9.02 Cr | 2.47% |
| Marico Ltd | Equity | ₹8.54 Cr | 2.34% |
| Larsen & Toubro Ltd | Equity | ₹8.26 Cr | 2.26% |
| Yes Bank Ltd | Equity | ₹7.48 Cr | 2.05% |
| Canara Bank | Equity | ₹7.15 Cr | 1.96% |
| Shriram Finance Ltd | Equity | ₹7.13 Cr | 1.95% |
| Tata Consultancy Services Ltd | Equity | ₹6.96 Cr | 1.91% |
| Multi Commodity Exchange of India Ltd | Equity | ₹6.84 Cr | 1.87% |
| Kotak Mahindra Bank Ltd | Equity | ₹6.35 Cr | 1.74% |
| Tata Motors Ltd | Equity | ₹6.32 Cr | 1.73% |
| Mahindra & Mahindra Ltd | Equity | ₹5.38 Cr | 1.47% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹5.09 Cr | 1.39% |
| JSW Energy Ltd | Equity | ₹5.08 Cr | 1.39% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.02 Cr | 1.38% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.97 Cr | 1.36% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.96 Cr | 1.36% |
| 364 DTB 21112025 | Bond - Gov't/Treasury | ₹4.94 Cr | 1.35% |
| 364 DTB 11122025 | Bond - Gov't/Treasury | ₹4.93 Cr | 1.35% |
| 364 DTB 18122025 | Bond - Gov't/Treasury | ₹4.92 Cr | 1.35% |
| Hindustan Unilever Ltd | Equity | ₹4.63 Cr | 1.27% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹4.61 Cr | 1.26% |
| Tata Power Co Ltd | Equity | ₹3.8 Cr | 1.04% |
| Laurus Labs Ltd | Equity | ₹3.79 Cr | 1.04% |
| DLF Ltd | Equity | ₹3.72 Cr | 1.02% |
| Dixon Technologies (India) Ltd | Equity | ₹3.67 Cr | 1.01% |
| Cipla Ltd | Equity | ₹3.4 Cr | 0.93% |
| Tata Steel Ltd | Equity | ₹3.14 Cr | 0.86% |
| Divi's Laboratories Ltd | Equity | ₹3.07 Cr | 0.84% |
| Net Receivable/Payable | Cash | ₹-3.03 Cr | 0.83% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹3 Cr | 0.82% |
| PNB Housing Finance Ltd | Equity | ₹2.99 Cr | 0.82% |
| Bank of Baroda | Equity | ₹2.93 Cr | 0.80% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹2.76 Cr | 0.76% |
| Vodafone Idea Ltd | Equity | ₹2.64 Cr | 0.72% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹2.47 Cr | 0.68% |
| Biocon Ltd | Equity | ₹2.44 Cr | 0.67% |
| LIC Housing Finance Ltd | Equity | ₹2.33 Cr | 0.64% |
| Info Edge (India) Ltd | Equity | ₹2.24 Cr | 0.61% |
| REC Ltd | Equity | ₹2.23 Cr | 0.61% |
| Adani Energy Solutions Ltd | Equity | ₹2.22 Cr | 0.61% |
| IndusInd Bank Ltd | Equity | ₹2.07 Cr | 0.57% |
| RBL Bank Ltd | Equity | ₹1.99 Cr | 0.54% |
| India (Republic of) | Bond - Short-term Government Bills | ₹1.98 Cr | 0.54% |
| HCL Technologies Ltd | Equity | ₹1.68 Cr | 0.46% |
| JSW Steel Ltd | Equity | ₹1.66 Cr | 0.46% |
| Grasim Industries Ltd | Equity | ₹1.6 Cr | 0.44% |
| NBCC India Ltd | Equity | ₹1.41 Cr | 0.38% |
| Trent Ltd | Equity | ₹1.38 Cr | 0.38% |
| ITC Ltd | Equity | ₹1.38 Cr | 0.38% |
| Punjab National Bank | Equity | ₹1.37 Cr | 0.38% |
| Bosch Ltd | Equity | ₹1.3 Cr | 0.36% |
| Petronet LNG Ltd | Equity | ₹1.16 Cr | 0.32% |
| SBI Life Insurance Co Ltd | Equity | ₹1.15 Cr | 0.32% |
| Bandhan Bank Ltd | Equity | ₹1.11 Cr | 0.30% |
| GMR Airports Ltd | Equity | ₹1.08 Cr | 0.30% |
| Eternal Ltd | Equity | ₹1.07 Cr | 0.29% |
| NMDC Ltd | Equity | ₹1.02 Cr | 0.28% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹1.01 Cr | 0.28% |
| IDFC First Bank Ltd | Equity | ₹1.01 Cr | 0.28% |
| Indian Oil Corp Ltd | Equity | ₹1 Cr | 0.27% |
| Tech Mahindra Ltd | Equity | ₹0.98 Cr | 0.27% |
| Samvardhana Motherson International Ltd | Equity | ₹0.97 Cr | 0.27% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹0.97 Cr | 0.27% |
| Lodha Developers Ltd | Equity | ₹0.97 Cr | 0.26% |
| Hindustan Zinc Ltd | Equity | ₹0.92 Cr | 0.25% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹0.89 Cr | 0.24% |
| GAIL (India) Ltd | Equity | ₹0.87 Cr | 0.24% |
| Hindalco Industries Ltd | Equity | ₹0.79 Cr | 0.22% |
| NTPC Ltd | Equity | ₹0.74 Cr | 0.20% |
| Varun Beverages Ltd | Equity | ₹0.7 Cr | 0.19% |
| Infosys Ltd | Equity | ₹0.59 Cr | 0.16% |
| Indian Hotels Co Ltd | Equity | ₹0.53 Cr | 0.15% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.5 Cr | 0.14% |
| Bajaj Finserv Ltd | Equity | ₹0.48 Cr | 0.13% |
| HFCL Ltd | Equity | ₹0.45 Cr | 0.12% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹0.4 Cr | 0.11% |
| Ashok Leyland Ltd | Equity | ₹0.38 Cr | 0.10% |
| Ambuja Cements Ltd | Equity | ₹0.35 Cr | 0.10% |
| Bank of India | Equity | ₹0.34 Cr | 0.09% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.34 Cr | 0.09% |
| Aurobindo Pharma Ltd | Equity | ₹0.34 Cr | 0.09% |
| Alkem Laboratories Ltd | Equity | ₹0.33 Cr | 0.09% |
| Godrej Properties Ltd | Equity | ₹0.27 Cr | 0.07% |
| Aditya Birla Capital Ltd | Equity | ₹0.26 Cr | 0.07% |
| UltraTech Cement Ltd | Equity | ₹0.25 Cr | 0.07% |
| Fortis Healthcare Ltd | Equity | ₹0.14 Cr | 0.04% |
| Bharat Electronics Ltd | Equity | ₹0.11 Cr | 0.03% |
| Jubilant Foodworks Ltd | Equity | ₹0.08 Cr | 0.02% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.08 Cr | 0.02% |
| Jio Financial Services Ltd | Equity | ₹0.07 Cr | 0.02% |
| IIFL Finance Ltd | Equity | ₹0.07 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 | ₹113.84 Cr | 31.16% |
| Industrials | ₹18.31 Cr | 5.01% |
| Healthcare | ₹18.12 Cr | 4.96% |
| Consumer Cyclical | ₹18.02 Cr | 4.93% |
| Communication Services | ₹16.14 Cr | 4.42% |
| Consumer Defensive | ₹15.24 Cr | 4.17% |
| Technology | ₹14.33 Cr | 3.92% |
| Utilities | ₹12.7 Cr | 3.48% |
| Energy | ₹11.47 Cr | 3.14% |
| Basic Materials | ₹9.74 Cr | 2.67% |
| Real Estate | ₹4.95 Cr | 1.36% |
Risk & Performance Ratios
Standard Deviation
This fund
0.40%
Cat. avg.
0.55%
Lower the better
Sharpe Ratio
This fund
1.40
Cat. avg.
0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.14
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 August 2025
ISIN INF192K01BN6 | Expense Ratio 0.41% | Exit Load No Charges | Fund Size ₹319 Cr | Age 12 years 8 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
₹14,256 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% | ₹295.09 Cr | - |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹141.31 Cr | 6.1% |
| JM Small Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹731.30 Cr | -5.7% |
| 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% | ₹318.93 Cr | 6.7% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹840.84 Cr | -4.9% |
| JM Focused Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹284.47 Cr | -3.4% |
| JM Value Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1062.26 Cr | -9.9% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹209.54 Cr | 8.0% |
| JM Large Cap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹511.35 Cr | -5.6% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹3044.10 Cr | 6.9% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.5% | 0.0% | ₹60.89 Cr | 7.7% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹31.30 Cr | 7.5% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹5957.00 Cr | -7.4% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.1% | 0.0% | ₹206.74 Cr | -4.9% |
| JM Midcap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1425.88 Cr | -2.4% |
| 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% | ₹101.98 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 12-Sep-2025, is ₹35.16.
What are the returns of JM Arbitrage Fund Direct Growth?
The fund has generated 6.71% over the last 1 year and 7.30% 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 69.22% in equities, 4.07% in bonds, and 26.70% 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
AlternativeArbitrage FundLow Risk
Direct
NAV (12-Sep-25)
₹35.160.02%1D
Returns (Since Inception)
6.42%
Rated ★4.3+ on
Fund Overview
Fund Size
₹319 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, 8 months and 14 days, having been launched on 01-Jan-13.
As of 12-Sep-25, it has a Net Asset Value (NAV) of ₹35.16, Assets Under Management (AUM) of 318.93 Crores, and an expense ratio of 0.41%.
As of 12-Sep-25, it has a Net Asset Value (NAV) of ₹35.16, Assets Under Management (AUM) of 318.93 Crores, and an expense ratio of 0.41%.
- JM Arbitrage Fund Direct Growth has given a CAGR return of 6.42% since inception.
- The fund's asset allocation comprises around 69.22% in equities, 4.07% in debts, and 26.70% 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
+6.71%
+6.31% (Cat Avg.)
3 Years
+7.30%
+6.95% (Cat Avg.)
5 Years
+5.70%
+5.62% (Cat Avg.)
10 Years
+5.70%
+5.79% (Cat Avg.)
Since Inception
+6.42%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2025
| Equity | ₹220.77 Cr | 69.22% |
| Debt | ₹12.98 Cr | 4.07% |
| Others | ₹85.19 Cr | 26.71% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Ccil | Cash - Repurchase Agreement | ₹36.77 Cr | 10.07% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹24.99 Cr | 6.84% |
| JM Liquid Dir Gr | Mutual Fund - Open End | ₹13.92 Cr | 3.81% |
| ICICI Bank Ltd | Equity | ₹13.5 Cr | 3.70% |
| Axis Bank Ltd | Equity | ₹12.93 Cr | 3.54% |
| HDFC Bank Ltd | Equity | ₹12.56 Cr | 3.44% |
| Bharti Airtel Ltd | Equity | ₹10.86 Cr | 2.97% |
| State Bank of India | Equity | ₹9.63 Cr | 2.64% |
| Reliance Industries Ltd | Equity | ₹9.23 Cr | 2.53% |
| Bajaj Finance Ltd | Equity | ₹9.02 Cr | 2.47% |
| Marico Ltd | Equity | ₹8.54 Cr | 2.34% |
| Larsen & Toubro Ltd | Equity | ₹8.26 Cr | 2.26% |
| Yes Bank Ltd | Equity | ₹7.48 Cr | 2.05% |
| Canara Bank | Equity | ₹7.15 Cr | 1.96% |
| Shriram Finance Ltd | Equity | ₹7.13 Cr | 1.95% |
| Tata Consultancy Services Ltd | Equity | ₹6.96 Cr | 1.91% |
| Multi Commodity Exchange of India Ltd | Equity | ₹6.84 Cr | 1.87% |
| Kotak Mahindra Bank Ltd | Equity | ₹6.35 Cr | 1.74% |
| Tata Motors Ltd | Equity | ₹6.32 Cr | 1.73% |
| Mahindra & Mahindra Ltd | Equity | ₹5.38 Cr | 1.47% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹5.09 Cr | 1.39% |
| JSW Energy Ltd | Equity | ₹5.08 Cr | 1.39% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.02 Cr | 1.38% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.97 Cr | 1.36% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.96 Cr | 1.36% |
| 364 DTB 21112025 | Bond - Gov't/Treasury | ₹4.94 Cr | 1.35% |
| 364 DTB 11122025 | Bond - Gov't/Treasury | ₹4.93 Cr | 1.35% |
| 364 DTB 18122025 | Bond - Gov't/Treasury | ₹4.92 Cr | 1.35% |
| Hindustan Unilever Ltd | Equity | ₹4.63 Cr | 1.27% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹4.61 Cr | 1.26% |
| Tata Power Co Ltd | Equity | ₹3.8 Cr | 1.04% |
| Laurus Labs Ltd | Equity | ₹3.79 Cr | 1.04% |
| DLF Ltd | Equity | ₹3.72 Cr | 1.02% |
| Dixon Technologies (India) Ltd | Equity | ₹3.67 Cr | 1.01% |
| Cipla Ltd | Equity | ₹3.4 Cr | 0.93% |
| Tata Steel Ltd | Equity | ₹3.14 Cr | 0.86% |
| Divi's Laboratories Ltd | Equity | ₹3.07 Cr | 0.84% |
| Net Receivable/Payable | Cash | ₹-3.03 Cr | 0.83% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹3 Cr | 0.82% |
| PNB Housing Finance Ltd | Equity | ₹2.99 Cr | 0.82% |
| Bank of Baroda | Equity | ₹2.93 Cr | 0.80% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹2.76 Cr | 0.76% |
| Vodafone Idea Ltd | Equity | ₹2.64 Cr | 0.72% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹2.47 Cr | 0.68% |
| Biocon Ltd | Equity | ₹2.44 Cr | 0.67% |
| LIC Housing Finance Ltd | Equity | ₹2.33 Cr | 0.64% |
| Info Edge (India) Ltd | Equity | ₹2.24 Cr | 0.61% |
| REC Ltd | Equity | ₹2.23 Cr | 0.61% |
| Adani Energy Solutions Ltd | Equity | ₹2.22 Cr | 0.61% |
| IndusInd Bank Ltd | Equity | ₹2.07 Cr | 0.57% |
| RBL Bank Ltd | Equity | ₹1.99 Cr | 0.54% |
| India (Republic of) | Bond - Short-term Government Bills | ₹1.98 Cr | 0.54% |
| HCL Technologies Ltd | Equity | ₹1.68 Cr | 0.46% |
| JSW Steel Ltd | Equity | ₹1.66 Cr | 0.46% |
| Grasim Industries Ltd | Equity | ₹1.6 Cr | 0.44% |
| NBCC India Ltd | Equity | ₹1.41 Cr | 0.38% |
| Trent Ltd | Equity | ₹1.38 Cr | 0.38% |
| ITC Ltd | Equity | ₹1.38 Cr | 0.38% |
| Punjab National Bank | Equity | ₹1.37 Cr | 0.38% |
| Bosch Ltd | Equity | ₹1.3 Cr | 0.36% |
| Petronet LNG Ltd | Equity | ₹1.16 Cr | 0.32% |
| SBI Life Insurance Co Ltd | Equity | ₹1.15 Cr | 0.32% |
| Bandhan Bank Ltd | Equity | ₹1.11 Cr | 0.30% |
| GMR Airports Ltd | Equity | ₹1.08 Cr | 0.30% |
| Eternal Ltd | Equity | ₹1.07 Cr | 0.29% |
| NMDC Ltd | Equity | ₹1.02 Cr | 0.28% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹1.01 Cr | 0.28% |
| IDFC First Bank Ltd | Equity | ₹1.01 Cr | 0.28% |
| Indian Oil Corp Ltd | Equity | ₹1 Cr | 0.27% |
| Tech Mahindra Ltd | Equity | ₹0.98 Cr | 0.27% |
| Samvardhana Motherson International Ltd | Equity | ₹0.97 Cr | 0.27% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹0.97 Cr | 0.27% |
| Lodha Developers Ltd | Equity | ₹0.97 Cr | 0.26% |
| Hindustan Zinc Ltd | Equity | ₹0.92 Cr | 0.25% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹0.89 Cr | 0.24% |
| GAIL (India) Ltd | Equity | ₹0.87 Cr | 0.24% |
| Hindalco Industries Ltd | Equity | ₹0.79 Cr | 0.22% |
| NTPC Ltd | Equity | ₹0.74 Cr | 0.20% |
| Varun Beverages Ltd | Equity | ₹0.7 Cr | 0.19% |
| Infosys Ltd | Equity | ₹0.59 Cr | 0.16% |
| Indian Hotels Co Ltd | Equity | ₹0.53 Cr | 0.15% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.5 Cr | 0.14% |
| Bajaj Finserv Ltd | Equity | ₹0.48 Cr | 0.13% |
| HFCL Ltd | Equity | ₹0.45 Cr | 0.12% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹0.4 Cr | 0.11% |
| Ashok Leyland Ltd | Equity | ₹0.38 Cr | 0.10% |
| Ambuja Cements Ltd | Equity | ₹0.35 Cr | 0.10% |
| Bank of India | Equity | ₹0.34 Cr | 0.09% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.34 Cr | 0.09% |
| Aurobindo Pharma Ltd | Equity | ₹0.34 Cr | 0.09% |
| Alkem Laboratories Ltd | Equity | ₹0.33 Cr | 0.09% |
| Godrej Properties Ltd | Equity | ₹0.27 Cr | 0.07% |
| Aditya Birla Capital Ltd | Equity | ₹0.26 Cr | 0.07% |
| UltraTech Cement Ltd | Equity | ₹0.25 Cr | 0.07% |
| Fortis Healthcare Ltd | Equity | ₹0.14 Cr | 0.04% |
| Bharat Electronics Ltd | Equity | ₹0.11 Cr | 0.03% |
| Jubilant Foodworks Ltd | Equity | ₹0.08 Cr | 0.02% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.08 Cr | 0.02% |
| Jio Financial Services Ltd | Equity | ₹0.07 Cr | 0.02% |
| IIFL Finance Ltd | Equity | ₹0.07 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 | ₹113.84 Cr | 31.16% |
| Industrials | ₹18.31 Cr | 5.01% |
| Healthcare | ₹18.12 Cr | 4.96% |
| Consumer Cyclical | ₹18.02 Cr | 4.93% |
| Communication Services | ₹16.14 Cr | 4.42% |
| Consumer Defensive | ₹15.24 Cr | 4.17% |
| Technology | ₹14.33 Cr | 3.92% |
| Utilities | ₹12.7 Cr | 3.48% |
| Energy | ₹11.47 Cr | 3.14% |
| Basic Materials | ₹9.74 Cr | 2.67% |
| Real Estate | ₹4.95 Cr | 1.36% |
Risk & Performance Ratios
Standard Deviation
This fund
0.40%
Cat. avg.
0.55%
Lower the better
Sharpe Ratio
This fund
1.40
Cat. avg.
0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.14
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 August 2025
ISIN INF192K01BN6 | Expense Ratio 0.41% | Exit Load No Charges | Fund Size ₹319 Cr | Age 12 years 8 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
₹14,256 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% | ₹295.09 Cr | - |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹141.31 Cr | 6.1% |
| JM Small Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹731.30 Cr | -5.7% |
| 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% | ₹318.93 Cr | 6.7% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹840.84 Cr | -4.9% |
| JM Focused Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹284.47 Cr | -3.4% |
| JM Value Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1062.26 Cr | -9.9% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹209.54 Cr | 8.0% |
| JM Large Cap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹511.35 Cr | -5.6% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹3044.10 Cr | 6.9% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.5% | 0.0% | ₹60.89 Cr | 7.7% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹31.30 Cr | 7.5% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹5957.00 Cr | -7.4% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.1% | 0.0% | ₹206.74 Cr | -4.9% |
| JM Midcap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1425.88 Cr | -2.4% |
| 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% | ₹101.98 Cr | 8.4% |
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 12-Sep-2025, is ₹35.16.
What are the returns of JM Arbitrage Fund Direct Growth?
The fund has generated 6.71% over the last 1 year and 7.30% 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 69.22% in equities, 4.07% in bonds, and 26.70% 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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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.
Dezerv Investments Private Limited 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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