JM Arbitrage Fund

Q: What are the returns of this mutual fund scheme?

The JM Arbitrage Fund is a 19 yrs 3 m old fund and has delivered average annual returns of 6.39% since inception. JM Arbitrage Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.04% 6.49% 5.08% 5.15% 6.39%

Q: How much does this mutual fund charge as expense ratio?

The JM Arbitrage Fund has an expense ratio of 1.08% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Sep 29, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹32.9802-0.03% 1 day change	6.39% p.a.	App exclusive #NA View Ranked Funds	₹365 Cr

Historical NAV & returns

NAV: ₹32.9802 as on Sep 29, 2025

This fund Category average

JM Arbitrage Fund overview

AUM (Fund size)	₹365 Cr
Exit load	0.5% Exit load of 0.5%, if redeemed within 30 days.!
Lock-in Period	Nil
Age	19 yrs 3 m since Jun 01, 2006
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	1.08% as on Aug 31, 2025
Plan type	Regular
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, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

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 Sep 30, 2025

Period	This fund	Category average
1 Month	0.31%	0.33%
3 Months	1.18%	1.22%
6 Months	2.61%	2.76%
1 Year	6.04%	6.37%
2 Years	6.51%	6.76%
3 Years	6.49%	6.77%
4 Years	5.68%	5.93%
5 Years	5.08%	5.44%
7 Years	4.86%	5.44%
10 Years	5.15%	5.7%

Asset allocationas on Aug 31, 2025

Large Cap -0.27%

Mid Cap -0.09%

Small Cap -0.01%

Other Cap 0%

Top holdings

ICICI Bank Ltd.3.7%

Axis Bank Ltd.3.54%

HDFC Bank Ltd.3.44%

Bharti Airtel Ltd.2.97%

Top sectors

Financial 28.759999999999998%

Energy 5.2299999999999995%

Healthcare 4.97%

Services 4.58%

Cash 69.59612704%

SOV 10.21074428%

A1+ 9.76140865%

Cash & Call Money 9.4215607%

Top Debt Holdings

Others 10.07%

Reserve Bank of India 9.52%

ICICI Securities Ltd. 6.84%

Shriram Finance Ltd 1.37%

Allocation by Instruments

Cash Margin 69.59612704%

CBLO 10.06507613%

Treasury Bills 9.51833128%

Commercial Paper 6.84068065%

Other Holdings

Others 69.6%

JM Liquid Fund Direct-Growth 3.81%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM Arbitrage Fund	0.31%	2.61%	6.04%	6.49%	5.08%	5.15%
Tata Arbitrage Fund	0.33%	2.92%	6.56%	6.92%	5.61%	3.82%
Invesco India Arbitrage Fund	0.35%	2.87%	6.59%	7.12%	5.82%	5.79%
Axis Arbitrage Fund	0.33%	2.87%	6.5%	6.83%	5.59%	5.69%
Edelweiss Arbitrage Fund	0.37%	2.85%	6.62%	7.01%	5.71%	5.86%
Aditya Birla Sun Life Arbitrage Fund	0.33%	2.91%	6.6%	6.94%	5.62%	5.71%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM Arbitrage Fund	0.39	0.18	0.05	0.08
Tata Arbitrage Fund	0.38	0.34	1.08	1.76
Invesco India Arbitrage Fund	0.36	0.16	1.71	3.06
Axis Arbitrage Fund	0.41	0.35	0.8	1.2
Edelweiss Arbitrage Fund	0.42	0.3	1.16	2.01
Aditya Birla Sun Life Arbitrage Fund	0.4	0.36	1.04	1.65

Fund name	ETM Rank	AUM	Fund age	Expense ratio
JM Arbitrage Fund	N.A.	365 Cr	19 yrs 3 m	1.08%
Tata Arbitrage Fund	N.A.	14,982 Cr	6 yrs 9 m	1.08%
Invesco India Arbitrage Fund	N.A.	25,150 Cr	18 yrs 5 m	1.06%
Axis Arbitrage Fund	N.A.	7,545 Cr	11 yrs 2 m	1.02%
Edelweiss Arbitrage Fund	N.A.	15,931 Cr	11 yrs 3 m	1.07%
Aditya Birla Sun Life Arbitrage Fund	N.A.	23,581 Cr	16 yrs 2 m	1.03%

View all Arbitrage funds

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

Alpha	0.36 vs. 1.99 Underperformed at beating benchmark
Sharpe	0.05 vs. 2.07 Poor risk-adjusted returns
Beta	0.18 vs. 0.58 Less sensitive to market ups & downs
Standard deviation	0.39 vs. 0.31 More volatile performance

Compare JM Arbitrage Fund in detail with

About this fund

About JM Arbitrage Fund

JM Arbitrage Fund is a Arbitrage mutual fund scheme from Jm Financial Mutual Fund. This fund has been in existence for 19 yrs 3 m, having been launched on 01/06/2006. JM Arbitrage Fund has ₹365 Crores worth of assets under management (AUM) as on 31/08/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Arbitrage Fund as of 29/09/2025 is ₹32.98. The fund has an expense ratio of 1.08%, which is higher than what most other Arbitrage funds charge. Currently, the fund has a -0.38% allocation to equity and 31.61% to Debt.

JM Arbitrage Fund returns of last 1-year are 6.08%. Since launch, it has delivered 6.41% average annual returns. The fund has doubled the money invested in it every 13 yrs.
JM Arbitrage Fund 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, Healthcare, Services, Construction 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, ICICI Securities Ltd., JM Liquid Fund Direct-Growth, ICICI Bank Ltd., Axis Bank Ltd..

...

Fund AUM	365 Cr as on Aug 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.

Chaitanya Choksi

Mr. Choksi is a MMS (Finance) and CFA. Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services 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	16 view all schemes
Total AUM	13,969 Cr as on Jun 30, 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	1Y	5Y
JM Aggressive Hybrid Fund	N.A.	804 Cr	-7.6%	21.25%

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 plan is approximately ₹32.9802 as of Sep 29, 2025.

What are the returns of this mutual fund scheme?

The JM Arbitrage Fund is a 19 yrs 3 m old fund and has delivered average annual returns of 6.39% since inception.

JM Arbitrage Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.04%	6.49%	5.08%	5.15%	6.39%

How much does this mutual fund charge as expense ratio?

The JM Arbitrage Fund has an expense ratio of 1.08%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 365 Cr as on Aug 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 can I redeem my investments in JM Arbitrage Fund?

Redeeming your investments in the JM Arbitrage Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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