JM Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (22-Oct-24)
₹33.19-0.03%1D
Returns (Since Inception)
6.40%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹183 Cr
Expense Ratio
0.37%
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 11 years, 9 months and 22 days, having been launched on 01-Jan-13.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹33.19, Assets Under Management (AUM) of 182.50 Crores, and an expense ratio of 0.37%.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹33.19, Assets Under Management (AUM) of 182.50 Crores, and an expense ratio of 0.37%.
- JM Arbitrage Fund Direct Growth has given a CAGR return of 6.40% since inception.
- The fund's asset allocation comprises around 75.12% in equities, 1.06% in debts, and 23.80% 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
+7.80%
+7.28% (Cat Avg.)
3 Years
+6.42%
+6.06% (Cat Avg.)
5 Years
+5.10%
+5.20% (Cat Avg.)
10 Years
+5.84%
+5.90% (Cat Avg.)
Since Inception
+6.40%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2024
| Equity | ₹137.1 Cr | 75.12% |
| Debt | ₹1.94 Cr | 1.06% |
| Others | ₹43.46 Cr | 23.81% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| JM Liquid Dir Gr | Mutual Fund - Open End | ₹13.09 Cr | 7.17% |
| Treps-Triparty Repo | Cash - Repurchase Agreement | ₹11.98 Cr | 6.57% |
| Bajaj Finance Ltd | Equity | ₹6.16 Cr | 3.38% |
| Tata Power Co Ltd | Equity | ₹6.12 Cr | 3.36% |
| NTPC Ltd | Equity | ₹5.85 Cr | 3.21% |
| Biocon Ltd | Equity | ₹5.72 Cr | 3.13% |
| IndusInd Bank Ltd | Equity | ₹5.65 Cr | 3.09% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹5.44 Cr | 2.98% |
| 182 DTB 18102024 | Bond - Gov't/Treasury | ₹4.99 Cr | 2.73% |
| 364 DTB 12122024 | Bond - Gov't/Treasury | ₹4.94 Cr | 2.71% |
| Bank of Baroda | Equity | ₹4.86 Cr | 2.66% |
| Indian Energy Exchange Ltd | Equity | ₹4.75 Cr | 2.60% |
| Net Current Assets | Cash | ₹-4.57 Cr | 2.50% |
| DLF Ltd | Equity | ₹4.43 Cr | 2.43% |
| Larsen & Toubro Ltd | Equity | ₹4.36 Cr | 2.39% |
| Titan Co Ltd | Equity | ₹4.35 Cr | 2.38% |
| Kotak Mahindra Bank Ltd | Equity | ₹4.15 Cr | 2.28% |
| Bandhan Bank Ltd | Equity | ₹4.12 Cr | 2.26% |
| Bharat Electronics Ltd | Equity | ₹3.9 Cr | 2.14% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹3.78 Cr | 2.07% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹3.74 Cr | 2.05% |
| Adani Enterprises Ltd | Equity | ₹3.67 Cr | 2.01% |
| ITC Ltd | Equity | ₹3.65 Cr | 2.00% |
| Canara Bank | Equity | ₹3.38 Cr | 1.85% |
| HDFC Life Insurance Co Ltd | Equity | ₹3.16 Cr | 1.73% |
| Tata Steel Ltd | Equity | ₹3.15 Cr | 1.73% |
| Cipla Ltd | Equity | ₹3.12 Cr | 1.71% |
| 91 DTB 07112024 | Bond - Gov't/Treasury | ₹2.98 Cr | 1.63% |
| Reliance Industries Ltd | Equity | ₹2.51 Cr | 1.38% |
| Petronet LNG Ltd | Equity | ₹2.36 Cr | 1.29% |
| Axis Bank Ltd | Equity | ₹2.31 Cr | 1.27% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹2.18 Cr | 1.20% |
| 364 DTB 14112024 | Bond - Gov't/Treasury | ₹2.08 Cr | 1.14% |
| 182 DTB 03102024 | Bond - Gov't/Treasury | ₹2 Cr | 1.10% |
| 364 DTB 24102024 | Bond - Gov't/Treasury | ₹1.99 Cr | 1.09% |
| 182 DTB 01112024 | Bond - Gov't/Treasury | ₹1.99 Cr | 1.09% |
| 182 DTB 18112024 | Bond - Gov't/Treasury | ₹1.98 Cr | 1.09% |
| Bajaj Finserv Ltd | Equity | ₹1.97 Cr | 1.08% |
| 364 DTB 27032025 | Bond - Gov't/Treasury | ₹1.94 Cr | 1.06% |
| GMR Airports Ltd | Equity | ₹1.8 Cr | 0.99% |
| Polycab India Ltd | Equity | ₹1.74 Cr | 0.95% |
| Indian Oil Corp Ltd | Equity | ₹1.41 Cr | 0.77% |
| LIC Housing Finance Ltd | Equity | ₹1.32 Cr | 0.73% |
| HDFC Asset Management Co Ltd | Equity | ₹1.29 Cr | 0.71% |
| State Bank of India | Equity | ₹1.24 Cr | 0.68% |
| RBL Bank Ltd | Equity | ₹1.23 Cr | 0.67% |
| Bharti Airtel Ltd | Equity | ₹1.22 Cr | 0.67% |
| Laurus Labs Ltd | Equity | ₹1.18 Cr | 0.65% |
| Indian Hotels Co Ltd | Equity | ₹1.16 Cr | 0.64% |
| Indian Railway Catering And Tourism Corp Ltd | Equity | ₹1.14 Cr | 0.62% |
| TVS Motor Co Ltd | Equity | ₹1.09 Cr | 0.60% |
| HDFC Bank Ltd | Equity | ₹1.05 Cr | 0.57% |
| Multi Commodity Exchange of India Ltd | Equity | ₹1.02 Cr | 0.56% |
| Mahindra & Mahindra Ltd | Equity | ₹0.97 Cr | 0.53% |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd | Equity | ₹0.97 Cr | 0.53% |
| Aarti Industries Ltd | Equity | ₹0.93 Cr | 0.51% |
| Marico Ltd | Equity | ₹0.83 Cr | 0.46% |
| Aditya Birla Fashion and Retail Ltd | Equity | ₹0.82 Cr | 0.45% |
| Oberoi Realty Ltd | Equity | ₹0.79 Cr | 0.44% |
| Bharat Heavy Electricals Ltd | Equity | ₹0.59 Cr | 0.32% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹0.52 Cr | 0.29% |
| Hindalco Industries Ltd | Equity | ₹0.42 Cr | 0.23% |
| Dr Reddy's Laboratories Ltd | Equity | ₹0.42 Cr | 0.23% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹0.35 Cr | 0.19% |
| The Federal Bank Ltd | Equity | ₹0.3 Cr | 0.16% |
| Oil & Natural Gas Corp Ltd | Equity | ₹0.29 Cr | 0.16% |
| JSW Steel Ltd | Equity | ₹0.28 Cr | 0.15% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.27 Cr | 0.15% |
| Britannia Industries Ltd | Equity | ₹0.25 Cr | 0.14% |
| Maruti Suzuki India Ltd | Equity | ₹0.2 Cr | 0.11% |
| Jindal Steel & Power Ltd | Equity | ₹0.19 Cr | 0.11% |
| Pidilite Industries Ltd | Equity | ₹0.17 Cr | 0.09% |
| UPL Ltd | Equity | ₹0.16 Cr | 0.09% |
| ACC Ltd | Equity | ₹0.15 Cr | 0.08% |
| Abbott India Ltd | Equity | ₹0.12 Cr | 0.06% |
| REC Ltd | Equity | ₹0.11 Cr | 0.06% |
| NMDC Ltd | Equity | ₹0.11 Cr | 0.06% |
| Havells India Ltd | Equity | ₹0.1 Cr | 0.06% |
| Shree Cement Ltd | Equity | ₹0.07 Cr | 0.04% |
Allocation By Market Cap (Equity)
Large Cap Stocks
52.62%
Mid Cap Stocks
16.25%
Small Cap Stocks
6.26%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹48.41 Cr | 26.53% |
| Industrials | ₹19.06 Cr | 10.44% |
| Healthcare | ₹16.52 Cr | 9.05% |
| Utilities | ₹11.97 Cr | 6.56% |
| Energy | ₹10.5 Cr | 5.75% |
| Consumer Cyclical | ₹9.12 Cr | 5.00% |
| Basic Materials | ₹6.6 Cr | 3.62% |
| Real Estate | ₹5.23 Cr | 2.86% |
| Communication Services | ₹4.96 Cr | 2.72% |
| Consumer Defensive | ₹4.74 Cr | 2.60% |
Risk & Performance Ratios
Standard Deviation
This fund
0.65%
Cat. avg.
0.74%
Lower the better
Sharpe Ratio
This fund
0.47
Cat. avg.
-0.04
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.20
Higher the better
Fund Managers
SR
Satish Ramanathan
Since October 2024
AB
Asit Bhandarkar
Since July 2014
CC
Chaitanya Choksi
Since February 2011
RF
Ruchi Fozdar
Since October 2024
Additional Scheme Detailsas of 30th September 2024
ISIN INF192K01BN6 | Expense Ratio 0.37% | Exit Load No Charges | Fund Size ₹183 Cr | Age 11 years 9 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
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Sundaram Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹158.29 Cr | 7.1% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹158.29 Cr | 7.7% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹34.52 Cr | 7.5% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹34.52 Cr | 6.8% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹2772.50 Cr | 8.3% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹2772.50 Cr | 7.4% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹11671.92 Cr | 7.4% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹11671.92 Cr | 8.2% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹105.24 Cr | 6.9% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹105.24 Cr | 6.0% |
About the AMC
JM Financial Mutual Fund
Total AUM
₹11,580 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 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% | ₹182.50 Cr | 7.8% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹642.94 Cr | 43.6% |
| JM Focused Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹177.39 Cr | 38.6% |
| JM Value Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹1499.38 Cr | 45.2% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.14 Cr | 7.8% |
| JM Large Cap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹429.06 Cr | 37.0% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹3156.55 Cr | 7.4% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.5% | 0.0% | ₹45.46 Cr | 8.9% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹27.70 Cr | 9.6% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹4531.48 Cr | 51.3% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.1% | 0.0% | ₹186.75 Cr | 45.7% |
| JM Midcap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1747.31 Cr | 49.6% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹200.81 Cr | 6.8% |
| JM Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹126.08 Cr | 8.3% |
Risk Level
Your principal amount will be at Low Risk
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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 22-Oct-2024, is ₹33.19.
What are the returns of JM Arbitrage Fund Direct Growth?
The fund has generated 7.80% over the last 1 year and 6.42% 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 75.12% in equities, 1.06% in bonds, and 23.80% 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
- Chaitanya Choksi
- Ruchi Fozdar
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.