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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
JM Arbitrage Fund Direct Growth
+7.03%
3Y annualised
+0.08% 1D
NAV: 28 Aug '26
₹37.30
Min. for SIP
₹100
Fund size (AUM)
₹391.43 Cr
Expense ratio
1.42%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,696 | +2.83% | |
| 3 years | ₹1,80,000 | ₹1,98,036 | +10.02% | |
| 5 years | ₹3,00,000 | ₹3,53,972 | +17.99% | |
| 10 years | ₹6,00,000 | ₹8,06,520 | +34.42% |
Holdings (223)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 79.38% |
| Net Current Assets | Unspecified | Net Current Assets | 7.67% |
| JM High Liquidity Fund Direct-Growth | Unspecified | Mutual Fund | 5.96% |
| HDFC Bank Ltd | Financial | Equity | 4.56% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 4.19% |
| ICICI Bank Ltd | Financial | Equity | 4.00% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 3.61% |
| Zomato Ltd | Technology | Equity | 3.32% |
| Vodafone Idea Ltd | Technology | Equity | 3.04% |
| Tata Steel Ltd | Materials | Equity | 2.67% |
| Bharti Airtel Ltd | Technology | Equity | 2.42% |
| Eicher Motors Ltd | Consumer Discretionary | Equity | 2.32% |
| Adani Ports and Special Economic Zone Ltd | Industrials | Equity | 2.00% |
| Axis Bank Ltd | Financial | Equity | 1.96% |
| Yes Bank Ltd | Financial | Equity | 1.85% |
| Adani Enterprises Ltd | Materials | Equity | 1.73% |
| Bharat Heavy Electricals Ltd | Industrials | Equity | 1.64% |
| Indus Towers Ltd | Technology | Equity | 1.53% |
| State Bank of India | Financial | Equity | 1.50% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 1.49% |
| NMDC Ltd | Materials | Equity | 1.38% |
| GOVERNMENT OF INDIA 36319 364 DAYS TBILL 13AG26 FV RS 100 | Financial | Treasury Bills | 1.28% |
| GOVERNMENT OF INDIA 37176 182 DAYS TBILL 03SP26 FV RS 100 | Financial | Treasury Bills | 1.27% |
| GOVERNMENT OF INDIA 36692 364 DAYS TBILL 06NV26 FV RS 100 | Financial | Treasury Bills | 1.26% |
| GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100 | Financial | Treasury Bills | 1.26% |
| JSW Steel Ltd | Materials | Equity | 1.25% |
| GOVERNMENT OF INDIA 36940 364 DAYS TBILL 15JN27 FV RS 100 | Financial | Treasury Bills | 1.25% |
| GOVERNMENT OF INDIA 37694 182 DAYS TBILL 21JN27 FV RS 100 | Financial | Treasury Bills | 1.24% |
| Adani Transmission Ltd | Energy & Utilities | Equity | 1.22% |
| Varun Beverages Ltd | Consumer Staples | Equity | 1.09% |
| Bank Of Baroda | Financial | Equity | 1.02% |
| Larsen & Toubro Ltd | Industrials | Equity | 1.00% |
| NBCC India Ltd | Industrials | Equity | 0.98% |
| Steel Authority Of India Ltd | Materials | Equity | 0.95% |
| IDFC First Bank Ltd | Financial | Equity | 0.94% |
| Punjab National Bank | Financial | Equity | 0.85% |
| LIC Housing Finance Ltd | Financial | Equity | 0.82% |
| Asian Paints Ltd | Materials | Equity | 0.79% |
| Max Financial Services Ltd | Financial | Equity | 0.78% |
| Canara Bank | Financial | Equity | 0.78% |
| Jio Financial Services Limited | Financial | Equity | 0.77% |
| Bandhan Bank Ltd | Financial | Equity | 0.75% |
| Maruti Suzuki India Ltd | Consumer Discretionary | Equity | 0.71% |
| Hindustan Unilever Ltd | Consumer Staples | Equity | 0.69% |
| Grasim Industries Ltd | Materials | Equity | 0.63% |
| The Indian Hotels Company Ltd | Consumer Discretionary | Equity | 0.62% |
| Adani Power Ltd | Energy & Utilities | Equity | 0.59% |
| Hitachi Energy India Ltd | Industrials | Equity | 0.58% |
| Manappuram Finance Ltd | Financial | Equity | 0.57% |
| Ashok Leyland Ltd | Industrials | Equity | 0.55% |
| Laurus Labs Ltd | Healthcare | Equity | 0.51% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 0.51% |
| Bajaj Finance Ltd | Financial | Equity | 0.50% |
| Info Edge (India) Ltd | Technology | Equity | 0.50% |
| ITC Ltd | Consumer Staples | Equity | 0.50% |
| Biocon Ltd | Healthcare | Equity | 0.49% |
| Hindalco Industries Ltd | Materials | Equity | 0.49% |
| United Spirits Ltd | Consumer Staples | Equity | 0.48% |
| Adani Green Energy Ltd | Energy & Utilities | Equity | 0.47% |
| RBL Bank Ltd | Financial | Equity | 0.46% |
| Godrej Properties Ltd | Real Estate | Equity | 0.44% |
| DLF Ltd | Real Estate | Equity | 0.43% |
| HDFC Life Insurance Co Ltd | Financial | Equity | 0.43% |
| AU Small Finance Bank Ltd | Financial | Equity | 0.40% |
| Cipla Ltd | Healthcare | Equity | 0.40% |
| Ambuja Cements Ltd | Materials | Equity | 0.40% |
| Coal India Ltd | Materials | Equity | 0.39% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | Equity | 0.37% |
| Crompton Greaves Consumer Electricals Ltd | Consumer Discretionary | Equity | 0.37% |
| Glenmark Pharmaceuticals Ltd | Healthcare | Equity | 0.34% |
| Titan Company Ltd | Consumer Discretionary | Equity | 0.33% |
| Indian Energy Exchange Ltd | Financial | Equity | 0.32% |
| Divi's Laboratories Ltd | Healthcare | Equity | 0.31% |
| TVS Motor Company Ltd | Consumer Discretionary | Equity | 0.31% |
| Tata Motors Ltd | Consumer Discretionary | Equity | 0.29% |
| Muthoot Finance Ltd | Financial | Equity | 0.28% |
| CG Power & Industrial Solutions Ltd | Industrials | Equity | 0.28% |
| Mankind Pharma Ltd. | Healthcare | Equity | 0.27% |
| Patanjali Foods Ltd | Consumer Staples | Equity | 0.26% |
| ICICI Prudential Life Insurance Company Ltd | Financial | Equity | 0.26% |
| UPL Ltd | Materials | Equity | 0.25% |
| Ultratech Cement Ltd | Materials | Equity | 0.24% |
| Hero Motocorp Ltd | Consumer Discretionary | Equity | 0.23% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 0.20% |
| Sun Pharmaceutical Industries Ltd | Healthcare | Equity | 0.20% |
| GMR Airports Infrastructure Ltd | Industrials | Equity | 0.19% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 0.16% |
| Interglobe Aviation Ltd | Industrials | Equity | 0.14% |
| APL Apollo Tubes Ltd | Industrials | Equity | 0.13% |
| Hindustan Zinc Ltd | Materials | Equity | 0.12% |
| The Federal Bank Ltd | Financial | Equity | 0.11% |
| Torrent Pharmaceuticals Ltd | Healthcare | Equity | 0.11% |
| Bajaj Finserv Ltd | Financial | Equity | 0.11% |
| NTPC Ltd | Energy & Utilities | Equity | 0.11% |
| UNO Minda Ltd | Consumer Discretionary | Equity | 0.08% |
| Dabur India Ltd | Consumer Staples | Equity | 0.08% |
| Hindustan Petroleum Corporation Ltd | Energy & Utilities | Equity | 0.08% |
| Aurobindo Pharma Ltd | Healthcare | Equity | 0.07% |
| Vishal Mega Mart Ltd. | Consumer Staples | Equity | 0.07% |
| Tata Consumer Products Ltd | Consumer Staples | Equity | 0.06% |
| Union Bank of India | Financial | Equity | 0.06% |
| Prestige Estates Projects Ltd | Real Estate | Equity | 0.06% |
| PNB Housing Finance Ltd | Financial | Equity | 0.05% |
| Bharat Petroleum Corporation Ltd | Energy & Utilities | Equity | 0.05% |
| Rail Vikas Nigam Ltd | Industrials | Equity | 0.04% |
| HDFC Asset Management Company Ltd | Financial | Equity | 0.04% |
| JSW Energy Ltd | Energy & Utilities | Equity | 0.03% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 0.03% |
| Apollo Hospitals Enterprise Ltd | Healthcare | Equity | 0.03% |
| Tube Investments Of India Ltd | Consumer Discretionary | Equity | 0.03% |
| Inox Wind Ltd | Industrials | Equity | 0.03% |
| Bank of India | Financial | Equity | 0.02% |
| GAIL (India) Ltd | Energy & Utilities | Equity | 0.02% |
| Suzlon Energy Ltd | Industrials | Equity | 0.02% |
| Suzlon Energy Ltd. 25.08.2026 | Industrials | Futures | -0.02% |
| GAIL (India) Ltd. 25.08.2026 | Energy & Utilities | Futures | -0.02% |
| Bank of India 25.08.2026 | Financial | Futures | -0.02% |
| Inox Wind Ltd. 25.08.2026 | Industrials | Futures | -0.03% |
| Tube Investments of India Limited_25/08/2026 | Consumer Discretionary | Futures | -0.03% |
| Apollo Hospitals Enterprise Ltd. 25.08.2026 | Healthcare | Futures | -0.03% |
| Cholamandalam Investment and Finance Company Ltd_25/08/2026 | Financial | Futures | -0.03% |
| JSW Energy Ltd. 25.08.2026 | Energy & Utilities | Futures | -0.03% |
| HDFC Asset Management Co. Ltd. 25.08.2026 | Financial | Futures | -0.04% |
| Rail Vikas Nigam Ltd. 25.08.2026 | Industrials | Futures | -0.04% |
| Bharat Petroleum Corporation Ltd. 25.08.2026 | Energy & Utilities | Futures | -0.05% |
| PNB Housing Finance Limited_25/08/2026 | Financial | Futures | -0.05% |
| Prestige Estates Projects Limited_25/08/2026 | Real Estate | Futures | -0.06% |
| Union Bank of India 25.08.2026 | Financial | Futures | -0.06% |
| Tata Consumer Products Ltd. 25.08.2026 | Consumer Staples | Futures | -0.06% |
| Vishal Mega Mart Limited_25/08/2026 | Consumer Staples | Futures | -0.07% |
| Aurobindo Pharma Limited_25/08/2026 | Healthcare | Futures | -0.07% |
| Dabur India Ltd. 25-AUG-26 | Consumer Staples | Futures | -0.08% |
| Hindustan Petroleum Corporation Ltd. 25.08.2026 | Energy & Utilities | Futures | -0.08% |
| UNO Minda Limited_25/08/2026 | Consumer Discretionary | Futures | -0.08% |
| NTPC Limited_29/09/2026 | Energy & Utilities | Futures | -0.11% |
| Bajaj Finserv Ltd. 25.08.2026 | Financial | Futures | -0.11% |
| The Federal Bank Limited_25/08/2026 | Financial | Futures | -0.11% |
| Torrent Pharmaceuticals Limited_25/08/2026 | Healthcare | Futures | -0.12% |
| Hindustan Zinc Ltd. 25.08.2026 | Materials | Futures | -0.12% |
| APL Apollo Tubes Ltd. 25.08.2026 | Industrials | Futures | -0.13% |
| Interglobe Aviation Ltd. 25.08.2026 | Industrials | Futures | -0.14% |
| Tata Power Company Ltd. 25-AUG-26 | Energy & Utilities | Futures | -0.16% |
| GMR Airports Ltd. 25.08.2026 | Industrials | Futures | -0.19% |
| Sun Pharmaceutical Industries Ltd. 25.08.2026 | Healthcare | Futures | -0.20% |
| Hindustan Aeronautics Ltd. 25.08.2026 | Industrials | Futures | -0.20% |
| Hero MotoCorp Limited 25/08/2026 | Consumer Discretionary | Futures | -0.23% |
| Ultratech Cement Ltd. 25.08.2026 | Materials | Futures | -0.24% |
| UPL Ltd. 25.08.2026 | Materials | Futures | -0.25% |
| ICICI Prudential Life Insurance Company Ltd. 25.08.2026 | Financial | Futures | -0.26% |
| Patanjali Foods Ltd. 25.08.2026 | Consumer Staples | Futures | -0.26% |
| Mankind Pharma Limited_25/08/2026 | Healthcare | Futures | -0.27% |
| CG Power and Industrial Solutions Ltd. 25.08.2026 | Industrials | Futures | -0.28% |
| IDFC First Bank Limited_29/09/2026 | Financial | Futures | -0.28% |
| Muthoot Finance Limited_25/08/2026 | Financial | Futures | -0.29% |
| Tata Motors Passenger Vehicles Ltd. 25.08.2026 | Consumer Discretionary | Futures | -0.29% |
| NBCC (India) Limited_25/08/2026 | Industrials | Futures | -0.30% |
| TVS Motor Company Ltd. 25.08.2026 | Consumer Discretionary | Futures | -0.31% |
| Divi's Laboratories Ltd. 25.08.2026 | Healthcare | Futures | -0.31% |
| Net Payables | Unspecified | Net Payables | -0.32% |
| Indian Energy Exchange Ltd. 25-AUG-26 | Financial | Futures | -0.32% |
| Titan Company Limited_25/08/2026 | Consumer Discretionary | Futures | -0.33% |
| Glenmark Pharmaceuticals Ltd. 25.08.2026 | Healthcare | Futures | -0.34% |
| Crompton Greaves Consumer Electricals Ltd. 25.08.2026 | Consumer Discretionary | Futures | -0.37% |
| FSN E-Commerce Ventures Limited_25/08/2026 | Consumer Discretionary | Futures | -0.37% |
| Coal India Limited_25/08/2026 | Materials | Futures | -0.39% |
| Ambuja Cements Ltd. 25-AUG-26 | Materials | Futures | -0.40% |
| Cipla Ltd. 25.08.2026 | Healthcare | Futures | -0.40% |
| AU Small Finance Bank Ltd. 25.08.2026 | Financial | Futures | -0.40% |
| DLF_25/08/2026 | Real Estate | Futures | -0.43% |
| HDFC Life Insurance Company Limited 25/08/2026 | Financial | Futures | -0.43% |
| Godrej Properties Ltd. 25.08.2026 | Real Estate | Futures | -0.44% |
| RBLBANK_25/08/2026 | Financial | Futures | -0.46% |
| Adani Green Energy Ltd. 25.08.2026 | Energy & Utilities | Futures | -0.47% |
| United Spirits Ltd. 25-AUG-26 | Consumer Staples | Futures | -0.48% |
| Hindalco Industries Limited 25/08/2026 | Materials | Futures | -0.49% |
| Biocon Ltd. 25.08.2026 | Healthcare | Futures | -0.49% |
| ITC Limited_25/08/2026 | Consumer Staples | Futures | -0.50% |
| Info Edge (India) Ltd. 25.08.2026 | Technology | Futures | -0.50% |
| Bajaj Finance Ltd. 25-AUG-26 | Financial | Futures | -0.50% |
| Shriram Finance Ltd. 25.08.2026 | Financial | Futures | -0.51% |
| Varun Beverages Ltd. 29.09.2026 | Consumer Staples | Futures | -0.51% |
| Laurus Labs Ltd. 25.08.2026 | Healthcare | Futures | -0.51% |
| Ashok Leyland Ltd. 25.08.2026 | Industrials | Futures | -0.55% |
| Manappuram Finance Limited_25/08/2026 | Financial | Futures | -0.57% |
| Hitachi Energy India Limited_25/08/2026 | Industrials | Futures | -0.58% |
| Varun Beverages Limited 25/08/2026 | Consumer Staples | Futures | -0.59% |
| Adani Power Ltd. 25.08.2026 | Energy & Utilities | Futures | -0.60% |
| The Indian Hotels Company Limited_25/08/2026 | Consumer Discretionary | Futures | -0.63% |
| Grasim Industries Ltd. 25.08.2026 | Materials | Futures | -0.63% |
| IDFCFIRSTB_25/08/2026 | Financial | Futures | -0.66% |
| NBCC (India) Limited_29/09/2026 | Industrials | Futures | -0.68% |
| Hindustan Unilever Ltd. 25-AUG-26 | Consumer Staples | Futures | -0.69% |
| Maruti Suzuki India Limited 25/08/2026 | Consumer Discretionary | Futures | -0.70% |
| Bandhan Bank Ltd. 25.08.2026 | Financial | Futures | -0.75% |
| Jio Financial Services Ltd. 29.09.2026 | Financial | Futures | -0.78% |
| Canara Bank 25-AUG-26 | Financial | Futures | -0.78% |
| Max Financial Services Limited_25/08/2026 | Financial | Futures | -0.79% |
| Asian Paints Ltd. 25.08.2026 | Materials | Futures | -0.79% |
| LIC Housing Finance Limited_25/08/2026 | Financial | Futures | -0.80% |
| Punjab National Bank 25/08/2026 | Financial | Futures | -0.86% |
| Steel Authority of India Ltd. 25.08.2026 | Materials | Futures | -0.96% |
| Larsen & Toubro Ltd. 25.08.2026 | Industrials | Futures | -1.01% |
| Bank of Baroda 25-AUG-26 | Financial | Futures | -1.02% |
| Adani Energy Solutions Ltd. 25.08.2026 | Energy & Utilities | Futures | -1.22% |
| JSW Steel Ltd. 25.08.2026 | Materials | Futures | -1.26% |
| NMDC Limited_29/09/2026 | Materials | Futures | -1.38% |
| Mahindra & Mahindra Limited 25/08/2026 | Consumer Discretionary | Futures | -1.50% |
| State Bank of India_25/08/2026 | Financial | Futures | -1.50% |
| Indus Towers Ltd. 25.08.2026 | Technology | Futures | -1.54% |
| Bharat Heavy Electricals Ltd. 25.08.2026 | Industrials | Futures | -1.65% |
| Adani Enterprises Ltd. 25.08.2026 | Materials | Futures | -1.74% |
| Yes Bank Ltd 25/08/2026 | Financial | Futures | -1.85% |
| Axis Bank Limited 25/08/2026 | Financial | Futures | -1.97% |
| Adani Ports and Special Economic Zone Ltd. 25.08.2026 | Industrials | Futures | -2.01% |
| Eicher Motors Ltd. 25.08.2026 | Consumer Discretionary | Futures | -2.33% |
| BHARTIARTL_25/08/2026 | Technology | Futures | -2.42% |
| Tata Steel Ltd. 25.08.2026 | Materials | Futures | -2.68% |
| Vodafone Idea Limited_25/08/2026 | Technology | Futures | -3.05% |
| Eternal Ltd. 25-AUG-26 | Technology | Futures | -3.33% |
| Reliance Industries Ltd. 25-AUG-26 | Energy & Utilities | Futures | -3.62% |
| ICICIBANK_25/08/2026 | Financial | Futures | -3.99% |
| Kotak Mahindra Bank Ltd. 25-AUG-26 | Financial | Futures | -4.20% |
| HDFC Bank Limited_25/08/2026 | Financial | Futures | -4.58% |
See All
Minimum investments
Min. for 1st investment
₹1,000
Min. for 2nd investment
₹100
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +7.0% | +6.3% | +5.6% | +6.4% |
| Category average (Hybrid Arbitrage) | +6.8% | +5.6% | +5.7% | -- |
| Rank (Hybrid Arbitrage) | 21 | 20 | 14 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.5%, if redeemed within 30 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +6.71% | +7.55% | 24,724.74 | |
 | +6.71% | +7.51% | 29,629.15 | |
 | +6.68% | +7.27% | 553.07 | |
 | +7.02% | -- | 1,996.02 | |
 | +6.92% | -- | 3,242.03 | |
| Compare | ||||
Fund management
SRSatish RamanathanOct 2024 - PresentView details
SR
Satish Ramanathan
Oct 2024 - Present
View details
RFRuchi FozdarOct 2024 - PresentView details
RF
Ruchi Fozdar
Oct 2024 - Present
View details
ABAsit BhandarkarJul 2014 - PresentView details
AB
Asit Bhandarkar
Jul 2014 - Present
View details
DGDeepak GuptaApr 2025 - PresentView details
DG
Deepak Gupta
Apr 2025 - Present
View details
About JM Arbitrage Fund Direct Growth
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 15 Sep 1994. Satish Ramanathan is the Current Fund Manager of JM Arbitrage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹14,107 Cr and the Latest NAV as of 28 Aug 2026 is ₹37.30.
The JM Arbitrage Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹1,000. Exit load of 0.5%, if redeemed within 30 days.
;
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.
Fund benchmarkNIFTY 50 Arbitrage Total Return Index
Fund house
Rank (total assets)#32 in India
Total AUM₹14,106.86 Cr
Date of Incorporation15 Sep 1994
Launch Date15 Sep 1994
AddressOne International Centre, 22nd Floor,Tower 2, Senapati Bapat Marg,Prabhadevi, Mumbai Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,