October 22, 2026
mayank
JM Arbitrage Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 37.63 |
| Annual Bonus NAV (Rs.) | 19.32 |
| Bonus NAV (Rs.) | 20.13 |
| NAV IDCW (Rs) | 17.73 |
| Quarterly NAV IDCW (Rs) | 17.88 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 12 |
| Benchmark |
NIFTY 50 Arbitrage TRI
|
| AUM Rs. | 341 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.34% |
| 1 Year Return (%) | 6.31 |
| 3 Year Return (%) | 6.94 |
| 5 Year Return (%) | 6.45 |
| 10 Year Return (%) | 5.63 |
| Return Since Launch | 6.40% |
Suitable For Which Investors?
Arbitrage funds are suitable for:
1. Parking emergency corpus or idle money for investors in the highest tax bracket
2. Earning slightly higher returns than savings bank account, with low-to-moderate volatility
3. Investment horizon of 3 months to 1 year
Note:
• There is no guarantee of returns
• Not suitable for long-term wealth creation
Fund’s Investment Strategy:
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.
Fund Manager:
1) Asit Bhandarkar
Education: Mr. Bhandarkar is a B.Com (H) and MMS.
Experience: Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
2) Ruchi Fozdar
Education: Ms. Ruchi is a graduate in science and PGDBM in finance
Experience: 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
3) Deepak Gupta
Education: C.A, M.Com from Mumbai University
Experience: Prior to Joining the JM AMC, he has worked with SBI Pension Funds Private Limited, Reliance Nippon Life Insurance and Access Asset Managers Private Limited
4) Satish Ramanathan
Education: Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA.
Experience: 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.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
Basic Details of JM Arbitrage Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.40% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 341 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.34% |
| (As on 30-Sep-2026) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
| Turnover | 140.77% |
JM Arbitrage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Arbitrage Dir | 4.99 | -0.01 | 0.62 | 1.51 | 3.06 | 6.31 | 6.94 | 6.45 | 5.48 | 5.63 |
| Hybrid: Arbitrage | 5.17 | -0.01 | 0.44 | 1.52 | 3.12 | 6.50 | 7.16 | 6.60 | 5.92 | 6.09 |
| Rank within category | 30 | 19 | 2 | 25 | 29 | 29 | 23 | 21 | 21 | 14 |
| Number of funds in category | 36 | 40 | 40 | 39 | 38 | 34 | 26 | 24 | 22 | 15 |
Peer Comparison of JM Arbitrage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| JM Arbitrage Dir | 2 out of 5 stars | 6.31 | 6.94 | 6.45 | 0.34 | 341 | 6.40 | 0.50 (30) | 13Y 9M | 140.77 |
| Kotak Arbitrage Dir | 4 out of 5 stars | 6.65 | 7.43 | 6.97 | 0.33 | 75,275 | 7.06 | 0.25 (30) | 13Y 9M | 489.53 |
| Invesco India Arbitrage Dir | 5 out of 5 stars | 6.77 | 7.44 | 7.12 | 0.34 | 30,396 | 6.94 | 0.50 (15) | 13Y 9M | 1642.00 |
| ABSL Arbitrage Dir | 4 out of 5 stars | 6.64 | 7.39 | 6.84 | 0.27 | 26,933 | 6.97 | — | 13Y 9M | 1005.00 |
| Tata Arbitrage Dir | 5 out of 5 stars | 6.68 | 7.43 | 6.90 | 0.26 | 24,539 | 6.54 | 0.25 (15) | 7Y 10M | 281.33 |
JM Arbitrage Fund Portfolio Analysis
| No. of Stocks | 107 |
| Top 10 Holdings | 36.49% |
| Top 5 Stocks | 23.78% |
| Top 3 Sectors | –% |
| Portfolio P/B Ratio | 2.11 |
| Portfolio P/E Ratio | 14.86 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,04,740 | 2,48,224 |
| Large (%) | 74.85 | 75.58 |
| Mid (%) | 16.85 | 19.52 |
| Small (%) | 8.30 | 5.03 |
| Fund | Category | |
| Number of Securities | 225 | 253 |
| Macaulay Duration (yrs) | 0.14 | 0.32 |
| Average Maturity (yrs) | 0.14 | 0.32 |
| Yield to Maturity (%) | 4.67 | 6.12 |
| Avg Credit Rating | GOI/Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://investor.jmfinancialmf.com/jmfinvestor/
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