JM Arbitrage Fund Direct-Growth

Q: What are the returns of JM Arbitrage Fund?

The JM Arbitrage Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 6.42% since inception. JM Arbitrage Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.41% 6.96% 5.38% 5.77% 6.42%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹34.3903-0.01% 1 day change	6.42% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹34.3903 as on Apr 23, 2025

This fund Category average

JM Arbitrage Fund overview

VRO rating	2
Expense ratio	0.4% as on Mar 31, 2025
Exit load	0.5% Exit load of 0.5%, if redeemed within 30 days.!
AUM (Fund size)	₹187 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	Nifty 50 Arbitrage
Min. investment	SIP ₹500 & Lump. ₹5000
Risk	Low
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year

JM Arbitrage Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	0.7%	0.78%
3 months	1.72%	1.85%
6 months	3.63%	3.83%
1 year	7.41%	7.73%
3 years	6.96%	7.19%
5 years	5.38%	5.96%
7 years	5.44%	6.12%
10 years	5.77%	6.42%

Asset allocationas on Mar 31, 2025

Large Cap -0.280478%

Mid Cap -0.06326999999999999%

Small Cap -0.03629%

Other Cap 3.800000000001944E-5%

Top holdings

Reliance Industries Ltd.4.24%

Hindustan Aeronautics Ltd.3.73%

Indus Towers Ltd.3.26%

Tata Consultancy Services Ltd.3.11%

Top sectors

Financial 13.96%

Energy 11.530000000000001%

Communication 8.42%

Capital Goods 6.14%

Cash 75.33103372%

SOV 13.67557398%

Cash & Call Money 5.85755601%

A1+ 5.426363%

Top Debt Holdings

Reserve Bank of India 12.24%

Allocation by Instruments

Cash Margin 75.33103372%

Treasury Bills 12.24436198%

Mutual Fund 7.26530319%

Net Receivables 5.53464801%

Other Holdings

Others 75.33%

JM Liquid Fund Direct-Growth 7.27%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
JM Arbitrage Fund	N.A.	₹187 Crs	12 yrs 3 m	0.4%
Tata Arbitrage Fund	N.A.	₹12,790 Crs	6 yrs 4 m	0.3%
Invesco India Arbitrage Fund	N.A.	₹19,675 Crs	12 yrs 3 m	0.39%
Edelweiss Arbitrage Fund	N.A.	₹14,003 Crs	10 yrs 10 m	0.36%
Axis Arbitrage Fund	N.A.	₹5,746 Crs	10 yrs 8 m	0.31%
Aditya Birla Sun Life Arbitrage Fund	N.A.	₹14,236 Crs	12 yrs 3 m	0.29%

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM Arbitrage Fund	0.7%	3.63%	7.41%	6.96%	5.38%	5.77%
Tata Arbitrage Fund	0.84%	3.98%	8.0%	7.44%	6.29%	4.09%
Invesco India Arbitrage Fund	0.78%	3.92%	7.99%	7.66%	6.33%	6.53%
Edelweiss Arbitrage Fund	0.79%	3.99%	7.94%	7.47%	6.24%	6.65%
Axis Arbitrage Fund	0.83%	3.9%	7.85%	7.26%	6.12%	6.55%
Aditya Birla Sun Life Arbitrage Fund	0.88%	3.99%	7.98%	7.37%	6.13%	6.47%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM Arbitrage Fund	0.52	0.6	1.07	1.3
Tata Arbitrage Fund	0.53	0.71	1.85	2.22
Invesco India Arbitrage Fund	0.49	0.45	2.6	2.95
Edelweiss Arbitrage Fund	0.56	0.64	1.88	2.18
Axis Arbitrage Fund	0.56	0.61	1.49	1.64
Aditya Birla Sun Life Arbitrage Fund	0.54	0.67	1.7	1.92

View all Arbitrage funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.81 vs. 2.73 Underperformed at beating benchmark
Sharpe	1.07 vs. 2.45 Poor risk-adjusted returns
Beta	0.6 vs. 0.79 Less sensitive to market ups & downs
Standard deviation	0.52 vs. 0.42 More volatile performance

Compare JM Arbitrage Fund in detail with

About this fund

About JM Arbitrage Fund

JM Arbitrage Fund Direct-Growth is a Arbitrage mutual fund scheme from Jm Financial Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. JM Arbitrage Fund Direct-Growth has ₹187 Crores worth of assets under management (AUM) as on 31/03/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Arbitrage Fund Direct-Growth as of 23/04/2025 is ₹34.39. The fund has an expense ratio of 0.4%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.38% allocation to equity and 19.19% to Debt.

JM Arbitrage Fund Direct-Growth returns of last 1-year are 7.41%. Since launch, it has delivered 6.42% average annual returns. The fund has doubled the money invested in it every 12 yrs.
JM Arbitrage Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's equity portion is primarily invested in Financial, Energy, Communication, Unclassified, Capital Goods sectors. It has taken less exposure in Financial, Energy sectors compared to other funds in the category.
The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
The fund's top 5 holdings are in Reserve Bank of India, JM Liquid Fund Direct-Growth, Reliance Industries Ltd., Hindustan Aeronautics Ltd., Indus Towers Ltd..

...

Fund AUM	₹187 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Asit Bhandarkar

Mr. Bhandarkar is a B.Com (H) and MMS. Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.

Satish Ramanathan

Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA. Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.

Ruchi Fozdar

Ms. Ruchi is a graduate in science and PGDBM in finance Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund

Investment objective

The scheme aims to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.

JM Financial Mutual Fund details

No. of schemes	15 view all schemes
Total AUM	₹13,831 Crs as on Mar 31, 2025
Address	Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai, 400025
Phone	022-33797777 / 1800-103-8345

More funds from JM Financial Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	5Y
JM Aggressive Hybrid Fund	N.A.	₹768 Crs	7.76%	29.73%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of JM Arbitrage Fund?

The current Net Asset Value (NAV) of the JM Arbitrage Fund - Direct Growth plan is approximately ₹34.3903 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The JM Arbitrage Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 6.42% since inception.

JM Arbitrage Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.41%	6.96%	5.38%	5.77%	6.42%

How much does this mutual fund charge as expense ratio?

The JM Arbitrage Fund - Direct Growth has an expense ratio of 0.4%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The JM Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately ₹187 Crs crore as of Mar 31, 2025.

What is risk level of JM Arbitrage Fund?

This is a Arbitrage fund comes with Low risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in JM Arbitrage Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for JM Arbitrage Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in JM Arbitrage Fund is complete.

How can I redeem my investments in JM Arbitrage Fund?

Redeeming your investments in JM Arbitrage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in JM Arbitrage Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Arbitrage

#NA

Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.5%, if redeemed within 30 days.