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Fund Overview

Fund Size

Fund Size

₹127 Cr

Expense Ratio

Expense Ratio

0.32%

ISIN

ISIN

INF192K01BN6

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

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, 3 months and 13 days, having been launched on 01-Jan-13.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹31.95, Assets Under Management (AUM) of 126.72 Crores, and an expense ratio of 0.32%.
  • JM Arbitrage Fund Direct Growth has given a CAGR return of 6.35% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 1.59% in debts, and 98.39% 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

+8.01%

+7.36%(Cat. Avg.)

3 Years

+5.71%

+5.36%(Cat. Avg.)

5 Years

+5.02%

+5.03%(Cat. Avg.)

10 Years

+5.92%

+5.81%(Cat. Avg.)

Since Inception

+6.35%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Debt2.01 Cr1.59%
Others124.71 Cr98.41%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset80.16 Cr63.26%
Treps-Triparty RepoCash - Repurchase Agreement18.58 Cr14.66%
JM Liquid Dir GrMutual Fund - Open End8.16 Cr6.44%
Future on HDFC Bank LtdEquity - Future-6.69 Cr5.28%
HDFC Bank LtdEquity6.69 Cr5.28%
Future on Larsen & Toubro LtdEquity - Future-5.53 Cr4.37%
Larsen & Toubro LtdEquity5.53 Cr4.37%
Future on Reliance Industries LtdEquity - Future-5.27 Cr4.16%
Reliance Industries LtdEquity5.27 Cr4.16%
Future on Vedanta LtdEquity - Future-4.31 Cr3.40%
Vedanta LtdEquity4.31 Cr3.40%
182 DTB 06062024Bond - Gov't/Treasury3.95 Cr3.12%
Future on Glenmark Pharmaceuticals LtdEquity - Future-3.68 Cr2.91%
Glenmark Pharmaceuticals LtdEquity3.68 Cr2.91%
Future on IndusInd Bank LtdEquity - Future-3.26 Cr2.57%
IndusInd Bank LtdEquity3.26 Cr2.57%
182 DTB 23052024Bond - Gov't/Treasury2.97 Cr2.34%
Net Current AssetsCash2.94 Cr2.32%
Future on Aditya Birla Fashion and Retail LtdEquity - Future-2.83 Cr2.24%
Aditya Birla Fashion and Retail LtdEquity2.83 Cr2.24%
Future on Hindustan Petroleum Corp LtdEquity - Future-2.83 Cr2.23%
Hindustan Petroleum Corp LtdEquity2.83 Cr2.23%
Future on Hindustan Unilever LtdEquity - Future-2.58 Cr2.04%
Hindustan Unilever LtdEquity2.58 Cr2.04%
Future on Bajaj Finance LtdEquity - Future-2.26 Cr1.79%
Bajaj Finance LtdEquity2.26 Cr1.79%
Future on Tata Consultancy Services LtdEquity - Future-2.24 Cr1.77%
Tata Consultancy Services LtdEquity2.24 Cr1.77%
Future on Container Corporation of India LtdEquity - Future-2.12 Cr1.67%
Container Corporation of India LtdEquity2.12 Cr1.67%
Future on Bank of BarodaEquity - Future-2.09 Cr1.65%
Bank of BarodaEquity2.09 Cr1.65%
Indus Towers Ltd.Equity - Future-2.08 Cr1.64%
Indus Towers Ltd Ordinary SharesEquity2.08 Cr1.64%
Future on State Bank of IndiaEquity - Future-2.03 Cr1.60%
State Bank of IndiaEquity2.03 Cr1.60%
182 DTB 04072024Bond - Gov't/Treasury2.01 Cr1.59%
Future on Tata Communications LtdEquity - Future-2.01 Cr1.59%
Tata Communications LtdEquity2.01 Cr1.59%
364 DTB 18042024Bond - Gov't/Treasury1.99 Cr1.57%
91 DTB 25042024Bond - Gov't/Treasury1.99 Cr1.57%
182 DTB 30052024Bond - Gov't/Treasury1.98 Cr1.56%
182 DTB 13062024Bond - Gov't/Treasury1.97 Cr1.56%
Future on Bandhan Bank LtdEquity - Future-1.93 Cr1.53%
Bandhan Bank LtdEquity1.94 Cr1.53%
Future on Canara BankEquity - Future-1.88 Cr1.49%
Canara BankEquity1.88 Cr1.49%
Future on Dixon Technologies (India) LtdEquity - Future-1.8 Cr1.42%
Dixon Technologies (India) LtdEquity1.8 Cr1.42%
Future on Power Grid Corp Of India LtdEquity - Future-1.79 Cr1.42%
Power Grid Corp Of India LtdEquity1.79 Cr1.42%
Future on Multi Commodity Exchange of India LtdEquity - Future-1.74 Cr1.37%
Multi Commodity Exchange of India LtdEquity1.74 Cr1.37%
Future on Dr. Lal PathLabs LtdEquity - Future-1.43 Cr1.13%
Dr. Lal PathLabs LtdEquity1.43 Cr1.13%
Future on Divi's Laboratories LtdEquity - Future-1.38 Cr1.09%
Divi's Laboratories LtdEquity1.38 Cr1.09%
Future on LIC Housing Finance LtdEquity - Future-1.34 Cr1.06%
LIC Housing Finance LtdEquity1.34 Cr1.06%
Future on Indian Oil Corp LtdEquity - Future-1.14 Cr0.90%
Indian Oil Corp LtdEquity1.14 Cr0.90%
Future on Godrej Properties LtdEquity - Future-1.09 Cr0.86%
Godrej Properties LtdEquity1.09 Cr0.86%
Future on Tata Steel Ltd.Equity - Future-1.03 Cr0.81%
Tata Steel LtdEquity1.03 Cr0.81%
Future on Escorts Kubota LtdEquity - Future-0.99 Cr0.78%
Escorts Kubota LtdEquity0.99 Cr0.78%
Future on Piramal Enterprises LtdEquity - Future-0.96 Cr0.75%
Piramal Enterprises LtdEquity0.96 Cr0.75%
Future on Petronet LNG LtdEquity - Future-0.95 Cr0.75%
Petronet LNG LtdEquity0.95 Cr0.75%
Future on Info Edge (India) LtdEquity - Future-0.84 Cr0.66%
Info Edge (India) LtdEquity0.84 Cr0.66%
Future on TVS Motor Co LtdEquity - Future-0.83 Cr0.65%
TVS Motor Co LtdEquity0.83 Cr0.65%
Future on Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity - Future-0.73 Cr0.58%
Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity0.73 Cr0.58%
Future on Tata Power Co LtdEquity - Future-0.67 Cr0.52%
Tata Power Co LtdEquity0.67 Cr0.52%
Future on Granules India LtdEquity - Future-0.6 Cr0.48%
Granules India LtdEquity0.6 Cr0.48%
Future on United Spirits LtdEquity - Future-0.48 Cr0.38%
United Spirits LtdEquity0.48 Cr0.38%
Future on Trent LtdEquity - Future-0.47 Cr0.37%
Trent LtdEquity0.47 Cr0.37%
Future on Bosch LtdEquity - Future-0.45 Cr0.36%
Bosch LtdEquity0.45 Cr0.36%
Future on Hindustan Copper LtdEquity - Future-0.44 Cr0.35%
Hindustan Copper LtdEquity0.44 Cr0.35%
Future on Hindalco Industries LtdEquity - Future-0.39 Cr0.31%
Hindalco Industries LtdEquity0.39 Cr0.31%
Future on ACC LtdEquity - Future-0.37 Cr0.29%
ACC LtdEquity0.37 Cr0.29%
Future on HDFC Life Insurance Company LimitedEquity - Future-0.35 Cr0.27%
HDFC Life Insurance Company LimitedEquity0.35 Cr0.27%
Future on JSW Steel LtdEquity - Future-0.34 Cr0.27%
JSW Steel LtdEquity0.34 Cr0.27%
Future on City Union Bank LtdEquity - Future-0.27 Cr0.21%
City Union Bank LtdEquity0.27 Cr0.21%
Future on Axis Bank LtdEquity - Future-0.26 Cr0.21%
Axis Bank LtdEquity0.26 Cr0.21%
Future on Asian Paints LtdEquity - Future-0.23 Cr0.18%
Asian Paints LtdEquity0.23 Cr0.18%
Future on SBI Life Insurance Company LimitedEquity - Future-0.23 Cr0.18%
SBI Life Insurance Company LimitedEquity0.23 Cr0.18%
Future on LTIMindtree LtdEquity - Future-0.22 Cr0.18%
LTIMindtree LtdEquity0.22 Cr0.18%
Future on Samvardhana Motherson International LtdEquity - Future-0.17 Cr0.13%
Samvardhana Motherson International LtdEquity0.17 Cr0.13%
Future on Bharti Airtel LtdEquity - Future-0.12 Cr0.09%
Bharti Airtel LtdEquity0.12 Cr0.09%
Future on Abbott India LtdEquity - Future-0.11 Cr0.09%
Abbott India LtdEquity0.11 Cr0.09%
Future on Hindustan Aeronautics Ltd Ordinary SharesEquity - Future-0.1 Cr0.08%
Hindustan Aeronautics Ltd Ordinary SharesEquity0.1 Cr0.08%
Future on Crompton Greaves Consumer Electricals LtdEquity - Future-0.1 Cr0.08%
Crompton Greaves Consumer Electricals LtdEquity0.1 Cr0.08%
The Ramco Cements Ltd.Equity - Future-0.07 Cr0.05%
Ramco Cements LtdEquity0.07 Cr0.05%
Future on Marico LtdEquity - Future-0.06 Cr0.05%
Marico LtdEquity0.06 Cr0.05%

Allocation By Market Cap (Equity)

Large Cap Stocks

56.04%

Mid Cap Stocks

7.90%

Small Cap Stocks

4.51%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services25.3 Cr19.96%
Energy10.19 Cr8.04%
Industrials8.74 Cr6.90%
Basic Materials7.91 Cr6.24%
Healthcare7.2 Cr5.68%
Communication Services5.04 Cr3.98%
Consumer Cyclical4.85 Cr3.83%
Technology4.26 Cr3.36%
Consumer Defensive3.12 Cr2.46%
Utilities2.46 Cr1.94%
Real Estate1.09 Cr0.86%

Risk & Performance Ratios

Standard Deviation

This fund

0.68%

Cat. avg.

0.81%

Lower the better

Sharpe Ratio

This fund

0.44

Cat. avg.

0.01

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.32

Higher the better

Fund Managers

AB

Asit Bhandarkar

Since July 2014

GW

Gurvinder Wasan

Since December 2022

CC

Chaitanya Choksi

Since February 2011

Additional Scheme Detailsas of 31st March 2024

ISININF192K01BN6Expense Ratio0.32%Exit LoadNo ChargesFund Size₹127 CrAge01 Jan 2013Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY 50 Arbitrage TR INR

Investment ObjectiveInvestment 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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Sundaram Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹94.27 Cr7.2%
Sundaram Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹94.27 Cr7.9%
Bank of India Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹25.53 Cr7.5%
Bank of India Arbitrage Fund Regular Growth

Low Risk

1.0%0.0%₹25.53 Cr6.7%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹1451.16 Cr8.4%
Mirae Asset Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹1451.16 Cr7.6%
Tata Arbitrage Fund Regular Growth

Low Risk

1.1%0.0%₹10755.47 Cr7.6%
Tata Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹10755.47 Cr8.4%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹65.10 Cr7.0%
Mahindra Manulife Arbitrage Fund Regular Growth

Low Risk

1.2%0.0%₹65.10 Cr6.1%

About the AMC

Total AUM

₹5,841 Cr

Address

502, 5th Floor, A - Wing, Mumbai, 400 051

Other Funds by JM Financial Mutual Fund

Fund nameExpense RatioExit LoadFund 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

0.3%0.0%₹126.72 Cr8.0%
JM Equity Hybrid Fund Direct Growth

Very High Risk

0.3%1.0%₹202.40 Cr52.8%
JM Focused Fund Direct Growth

Very High Risk

0.8%1.0%₹84.55 Cr52.2%
JM Value Fund Direct Growth

Very High Risk

0.8%1.0%₹580.51 Cr62.1%
JM Low Duration Fund Direct Growth

Low to Moderate Risk

0.5%0.0%₹236.45 Cr7.3%
JM Large Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹99.50 Cr45.8%
JM Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1590.44 Cr7.3%
JM Dynamic Bond Fund Direct Growth

Moderate Risk

0.6%0.0%₹42.76 Cr6.3%
JM Medium to Long Duration Fund Direct Growth

Moderate Risk

0.5%0.0%₹22.31 Cr6.6%
JM Flexicap Fund Direct Growth

Very High Risk

0.2%1.0%₹1656.84 Cr61.5%
JM Tax Gain Fund Direct Growth

Very High Risk

0.9%0.0%₹120.56 Cr47.6%
JM Midcap Fund Direct Growth

Very High Risk

0.3%1.0%₹809.54 Cr64.8%
JM Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹249.69 Cr6.8%
JM Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹124.83 Cr6.8%

Risk Level

Your principal amount will be at Low Risk

Low Risk
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The NAV of JM Arbitrage Fund Direct Growth, as of 12-Apr-2024, is ₹31.95.
The fund has generated 8.01% over the last 1 year and 5.71% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 1.59% in bonds, and 98.39% in cash and cash equivalents.
The fund managers responsible for JM Arbitrage Fund Direct Growth are:-
  1. Asit Bhandarkar
  2. Gurvinder Wasan
  3. Chaitanya Choksi