| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.75% |
| NAV | ₹26.75 (23 Oct 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹107 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 13.9% |
| Reliance Industries Ltd. | Energy | Equity | 10.4% |
| Bharti Airtel Ltd. | Communication | Equity | 7.0% |
| Vedanta Ltd. | Metals | Equity | 6.5% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 5.5% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 5.1% |
| Tata Consumer Products Ltd. | FMCG | Equity | 4.8% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 4.5% |
| Sun TV Network Ltd. | Services | Equity | 4.2% |
| Adani Enterprises Ltd. | Services | Equity | 3.8% |
JM Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Sanjay Kumar Chhabaria, Asit Bhandarkar, Chaitanya Choksi is the Current Fund Manager of JM Arbitrage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹107 Cr and the Latest NAV as of 23 Oct 2020 is ₹26.75.
The JM Arbitrage Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. 0.50% for redemption within 30 days
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.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.