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JM Arbitrage Fund Direct Growth
+7.17%
3Y annualised
-0.07% 1D
NAV: 30 Apr '26
₹36.56
Min. for SIP
₹100
Fund size (AUM)
₹353.15 Cr
Expense ratio
0.77%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,747 | +2.91% | |
| 3 years | ₹1,80,000 | ₹1,98,759 | +10.42% | |
| 5 years | ₹3,00,000 | ₹3,54,151 | +18.05% | |
| 10 years | ₹6,00,000 | ₹8,05,631 | +34.27% |
Holdings (215)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 4.93% |
| ICICI Bank Ltd. | Financial | Equity | 4.14% |
| JM Liquid Fund Direct-Growth | -- | Mutual Fund | 4.08% |
| Multi Commodity Exchange Of India Ltd. | Services | Equity | 3.76% |
| Bharti Airtel Ltd. | Communication | Equity | 3.36% |
| Tata Steel Ltd. | Metals & Mining | Equity | 3.05% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.94% |
| Eternal Ltd. | Services | Equity | 2.80% |
| Vodafone Idea Ltd. | Communication | Equity | 2.24% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 1.98% |
| Reliance Industries Ltd. | Energy | Equity | 1.64% |
| State Bank of India | Financial | Equity | 1.60% |
| Axis Bank Ltd. | Financial | Equity | 1.56% |
| Yes Bank Ltd. | Financial | Equity | 1.55% |
| Patanjali Foods Ltd. | Consumer Staples | Equity | 1.48% |
| LIC Housing Finance Ltd. | Financial | Equity | 1.47% |
| Shriram Finance Ltd | Financial | Bonds | 1.43% |
| Reserve Bank of India | Financial | T-Bills | 1.41% |
| Reserve Bank of India | Financial | T-Bills | 1.40% |
| Reserve Bank of India | Financial | T-Bills | 1.40% |
| Reserve Bank of India | Financial | T-Bills | 1.39% |
| Reserve Bank of India | Financial | T-Bills | 1.39% |
| Reserve Bank of India | Financial | T-Bills | 1.37% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 1.24% |
| JSW Steel Ltd. | Metals & Mining | Equity | 1.18% |
| Bank Of Baroda | Financial | Equity | 1.15% |
| Lodha Developers Ltd. | Construction | Equity | 1.15% |
| Sammaan Capital Ltd. | Financial | Equity | 1.11% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 1.10% |
| Bajaj Finance Ltd. | Financial | Equity | 0.99% |
| Titan Company Ltd. | Consumer Discretionary | Equity | 0.96% |
| NMDC Ltd. | Metals & Mining | Equity | 0.90% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 0.82% |
| Hindalco Industries Ltd. | Metals & Mining | Equity | 0.81% |
| Adani Energy Solutions Ltd. | Energy | Equity | 0.80% |
| JIO Financial Services Ltd. | Financial | Equity | 0.75% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 0.73% |
| Britannia Industries Ltd. | Consumer Staples | Equity | 0.71% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 0.69% |
| Punjab National Bank | Financial | Equity | 0.66% |
| Biocon Ltd. | Healthcare | Equity | 0.64% |
| DLF Ltd. | Construction | Equity | 0.64% |
| RBL Bank Ltd. | Financial | Equity | 0.60% |
| Ambuja Cements Ltd. | Construction | Equity | 0.57% |
| Reserve Bank of India | Financial | T-Bills | 0.57% |
| Reserve Bank of India | Financial | T-Bills | 0.56% |
| IDFC First Bank Ltd. | Financial | Equity | 0.53% |
| Shriram Finance Ltd | Financial | Equity | 0.51% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 0.50% |
| Larsen & Toubro Ltd. | Construction | Equity | 0.49% |
| Waaree Energies Ltd. | Energy | Equity | 0.46% |
| Grasim Industries Ltd. | Construction | Equity | 0.45% |
| Trent Ltd. | Services | Equity | 0.44% |
| Godrej Properties Ltd. | Construction | Equity | 0.44% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 0.41% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 0.40% |
| GAIL (India) Ltd. | Energy | Equity | 0.38% |
| The Federal Bank Ltd. | Financial | Equity | 0.37% |
| Bandhan Bank Ltd. | Financial | Equity | 0.32% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 0.31% |
| Adani Green Energy Ltd. | Capital Goods | Equity | 0.30% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | Equity | 0.28% |
| Tata Power Company Ltd. | Energy | Equity | 0.26% |
| Indus Towers Ltd. | Communication | Equity | 0.26% |
| ITC Ltd. | Consumer Staples | Equity | 0.26% |
| Manappuram Finance Ltd. | Financial | Equity | 0.26% |
| UPL Ltd. | Chemicals | Equity | 0.24% |
| Laurus Labs Ltd. | Healthcare | Equity | 0.24% |
| Max Financial Services Ltd. | Financial | Equity | 0.22% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Equity | 0.21% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 0.21% |
| National Aluminium Company Ltd. | Metals & Mining | Equity | 0.20% |
| NTPC Ltd. | Energy | Equity | 0.19% |
| Ultratech Cement Ltd. | Construction | Equity | 0.15% |
| Cipla Ltd. | Healthcare | Equity | 0.13% |
| Coforge Ltd. | Technology | Equity | 0.12% |
| Mphasis Ltd. | Technology | Equity | 0.11% |
| Eicher Motors Ltd. | Automobile | Equity | 0.11% |
| GMR Airports Ltd. | Construction | Equity | 0.10% |
| United Spirits Ltd. | Consumer Staples | Equity | 0.10% |
| Canara Bank | Financial | Equity | 0.09% |
| NBCC (India) Ltd. | Construction | Equity | 0.09% |
| The Indian Hotels Company Ltd. | Services | Equity | 0.08% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Equity | 0.08% |
| APL Apollo Tubes Ltd. | Metals & Mining | Equity | 0.08% |
| HDFC Life Insurance Co Ltd. | Insurance | Equity | 0.07% |
| PNB Housing Finance Ltd. | Financial | Equity | 0.07% |
| Sona BLW Precision Forgings Ltd. | Automobile | Equity | 0.07% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 0.06% |
| Dabur India Ltd. | Consumer Staples | Equity | 0.06% |
| Hindustan Zinc Ltd. | Metals & Mining | Equity | 0.05% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Equity | 0.05% |
| Container Corporation Of India Ltd. | Services | Equity | 0.05% |
| Prestige Estates Projects Ltd. | Construction | Equity | 0.04% |
| Alkem Laboratories Ltd. | Healthcare | Equity | 0.04% |
| REC Ltd. | Financial | Equity | 0.04% |
| Oil And Natural Gas Corporation Ltd. | Energy | Equity | 0.04% |
| Bajaj Finserv Ltd. | Financial | Equity | 0.03% |
| Bharat Petroleum Corporation Ltd. | Energy | Equity | 0.03% |
| Adani Enterprises Ltd. | Services | Equity | 0.03% |
| Petronet LNG Ltd. | Energy | Equity | 0.03% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 0.02% |
| AU Small Finance Bank Ltd. | Financial | Equity | 0.02% |
| Bank of India | Financial | Equity | 0.02% |
| Fortis Healthcare Ltd. | Healthcare | Equity | 0.02% |
| Nestle India Ltd. | Consumer Staples | Equity | 0.02% |
| Inox Wind Ltd. | Capital Goods | Equity | 0.02% |
| PB Fintech Ltd. | Services | Equity | 0.01% |
| Mankind Pharma Ltd. | Healthcare | Equity | 0.01% |
| Mankind Pharma Ltd. | Healthcare | Futures | -0.01% |
| PB Fintech Ltd. | Services | Futures | -0.01% |
| NBCC (India) Ltd. | Construction | Futures | -0.01% |
| Inox Wind Ltd. | Capital Goods | Futures | -0.02% |
| Nestle India Ltd. | Consumer Staples | Futures | -0.02% |
| Fortis Healthcare Ltd. | Healthcare | Futures | -0.02% |
| Bank of India | Financial | Futures | -0.02% |
| AU Small Finance Bank Ltd. | Financial | Futures | -0.02% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Futures | -0.02% |
| Petronet LNG Ltd. | Energy | Futures | -0.03% |
| Adani Green Energy Ltd. | Capital Goods | Futures | -0.03% |
| Adani Enterprises Ltd. | Services | Futures | -0.03% |
| Bharat Petroleum Corporation Ltd. | Energy | Futures | -0.03% |
| Bajaj Finserv Ltd. | Financial | Futures | -0.03% |
| Oil And Natural Gas Corporation Ltd. | Energy | Futures | -0.04% |
| REC Ltd. | Financial | Futures | -0.04% |
| Alkem Laboratories Ltd. | Healthcare | Futures | -0.04% |
| Prestige Estates Projects Ltd. | Construction | Futures | -0.04% |
| Container Corporation Of India Ltd. | Services | Futures | -0.05% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Futures | -0.05% |
| Biocon Ltd. | Healthcare | Futures | -0.05% |
| Hindustan Zinc Ltd. | Metals & Mining | Futures | -0.05% |
| Dabur India Ltd. | Consumer Staples | Futures | -0.06% |
| Aurobindo Pharma Ltd. | Healthcare | Futures | -0.06% |
| Sona BLW Precision Forgings Ltd. | Automobile | Futures | -0.07% |
| PNB Housing Finance Ltd. | Financial | Futures | -0.07% |
| NBCC (India) Ltd. | Construction | Futures | -0.07% |
| Adani Energy Solutions Ltd. | Energy | Futures | -0.07% |
| HDFC Life Insurance Co Ltd. | Insurance | Futures | -0.07% |
| APL Apollo Tubes Ltd. | Metals & Mining | Futures | -0.08% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Futures | -0.08% |
| The Indian Hotels Company Ltd. | Services | Futures | -0.08% |
| Canara Bank | Financial | Futures | -0.09% |
| United Spirits Ltd. | Consumer Staples | Futures | -0.10% |
| GMR Airports Ltd. | Construction | Futures | -0.10% |
| JSW Steel Ltd. | Metals & Mining | Futures | -0.11% |
| Mphasis Ltd. | Technology | Futures | -0.11% |
| Eicher Motors Ltd. | Automobile | Futures | -0.11% |
| Coforge Ltd. | Technology | Futures | -0.12% |
| Cipla Ltd. | Healthcare | Futures | -0.13% |
| Ultratech Cement Ltd. | Construction | Futures | -0.15% |
| Reliance Industries Ltd. | Energy | Futures | -0.15% |
| NTPC Ltd. | Energy | Futures | -0.19% |
| National Aluminium Company Ltd. | Metals & Mining | Futures | -0.21% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Futures | -0.21% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Futures | -0.21% |
| Max Financial Services Ltd. | Financial | Futures | -0.22% |
| Laurus Labs Ltd. | Healthcare | Futures | -0.24% |
| UPL Ltd. | Chemicals | Futures | -0.24% |
| Manappuram Finance Ltd. | Financial | Futures | -0.26% |
| ITC Ltd. | Consumer Staples | Futures | -0.26% |
| Indus Towers Ltd. | Communication | Futures | -0.26% |
| Tata Power Company Ltd. | Energy | Futures | -0.27% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | Futures | -0.28% |
| Adani Green Energy Ltd. | Capital Goods | Futures | -0.28% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Futures | -0.31% |
| Bandhan Bank Ltd. | Financial | Futures | -0.32% |
| Bharti Airtel Ltd. | Communication | Futures | -0.34% |
| The Federal Bank Ltd. | Financial | Futures | -0.37% |
| GAIL (India) Ltd. | Energy | Futures | -0.38% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Futures | -0.40% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Futures | -0.41% |
| Godrej Properties Ltd. | Construction | Futures | -0.44% |
| Trent Ltd. | Services | Futures | -0.44% |
| Grasim Industries Ltd. | Construction | Futures | -0.45% |
| Waaree Energies Ltd. | Energy | Futures | -0.46% |
| Larsen & Toubro Ltd. | Construction | Futures | -0.49% |
| Max Healthcare Institute Ltd. | Healthcare | Futures | -0.50% |
| Shriram Finance Ltd | Financial | Futures | -0.51% |
| IDFC First Bank Ltd. | Financial | Futures | -0.53% |
| Ambuja Cements Ltd. | Construction | Futures | -0.57% |
| Biocon Ltd. | Healthcare | Futures | -0.59% |
| RBL Bank Ltd. | Financial | Futures | -0.60% |
| DLF Ltd. | Construction | Futures | -0.64% |
| Punjab National Bank | Financial | Futures | -0.66% |
| Divi's Laboratories Ltd. | Healthcare | Futures | -0.69% |
| Britannia Industries Ltd. | Consumer Staples | Futures | -0.71% |
| Bharat Electronics Ltd. | Capital Goods | Futures | -0.73% |
| Adani Energy Solutions Ltd. | Energy | Futures | -0.73% |
| JIO Financial Services Ltd. | Financial | Futures | -0.75% |
| Hindalco Industries Ltd. | Metals & Mining | Futures | -0.81% |
| Maruti Suzuki India Ltd. | Automobile | Futures | -0.82% |
| NMDC Ltd. | Metals & Mining | Futures | -0.91% |
| Titan Company Ltd. | Consumer Discretionary | Futures | -0.96% |
| Bajaj Finance Ltd. | Financial | Futures | -0.99% |
| JSW Steel Ltd. | Metals & Mining | Futures | -1.08% |
| Mahindra & Mahindra Ltd. | Automobile | Futures | -1.11% |
| Sammaan Capital Ltd. | Financial | Futures | -1.12% |
| Lodha Developers Ltd. | Construction | Futures | -1.15% |
| Bank Of Baroda | Financial | Futures | -1.15% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Futures | -1.24% |
| Patanjali Foods Ltd. | Consumer Staples | Futures | -1.47% |
| LIC Housing Finance Ltd. | Financial | Futures | -1.48% |
| Reliance Industries Ltd. | Energy | Futures | -1.49% |
| Yes Bank Ltd. | Financial | Futures | -1.56% |
| Axis Bank Ltd. | Financial | Futures | -1.57% |
| State Bank of India | Financial | Futures | -1.61% |
| Adani Ports and Special Economic Zone Ltd. | Services | Futures | -1.98% |
| Vodafone Idea Ltd. | Communication | Futures | -2.26% |
| Eternal Ltd. | Services | Futures | -2.81% |
| Kotak Mahindra Bank Ltd. | Financial | Futures | -2.95% |
| Bharti Airtel Ltd. | Communication | Futures | -3.03% |
| Tata Steel Ltd. | Metals & Mining | Futures | -3.06% |
| Multi Commodity Exchange Of India Ltd. | Services | Futures | -3.77% |
| ICICI Bank Ltd. | Financial | Futures | -4.16% |
| HDFC Bank Ltd. | Financial | Futures | -4.96% |
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 | +7.2% | +6.2% | +5.7% | +6.4% |
| Category average (Hybrid Arbitrage) | +6.8% | +5.6% | +5.7% | -- |
| Rank (Hybrid Arbitrage) | 22 | 21 | 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
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Invesco India Arbitrage Fund Direct Growth | +6.60% | +7.68% | 26,370.10 | |
Tata Arbitrage Fund Direct Growth | +6.66% | +7.68% | 20,686.40 | |
Aditya Birla Sun Life Arbitrage Fund Direct Growth | +6.60% | +7.65% | 25,064.55 | |
SBI Arbitrage Opportunities Fund Direct Growth | +6.48% | +7.55% | 41,059.15 | |
Bandhan Arbitrage Fund Direct Growth | +6.30% | +7.53% | 7,790.46 | |
| 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 ₹12,014 Cr and the Latest NAV as of 30 Apr 2026 is ₹36.56.
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₹12,014.42 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,