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JM Arbitrage Fund Direct Growth
+6.88%
3Y annualised
-0.08% 1D
NAV: 29 Oct '26
₹37.64
Min. for SIP
₹1,000
Fund size (AUM)
₹340.55 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 | ₹61,619 | +2.70% | |
| 3 years | ₹1,80,000 | ₹1,97,579 | +9.77% | |
| 5 years | ₹3,00,000 | ₹3,53,566 | +17.86% | |
| 10 years | ₹6,00,000 | ₹8,06,552 | +34.43% |
Holdings (228)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 77.45% |
| JM High Liquidity Fund Direct-Growth | Unspecified | Mutual Fund | 7.82% |
| Repo | Unspecified | Repo | 7.36% |
| ICICI Bank Ltd | Financial | Equity | 4.54% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 4.13% |
| Axis Bank Ltd | Financial | Equity | 3.89% |
| Vodafone Idea Ltd | Technology | Equity | 3.40% |
| Tata Steel Ltd | Materials | Equity | 3.27% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 2.94% |
| State Bank of India | Financial | Equity | 2.60% |
| Indus Towers Ltd | Technology | Equity | 1.97% |
| Adani Enterprises Ltd | Materials | Equity | 1.92% |
| Bandhan Bank Ltd | Financial | Equity | 1.90% |
| Eicher Motors Ltd | Consumer Discretionary | Equity | 1.76% |
| Bharat Heavy Electricals Ltd | Industrials | Equity | 1.76% |
| IDFC First Bank Ltd | Financial | Equity | 1.73% |
| Varun Beverages Ltd | Consumer Staples | Equity | 1.65% |
| Yes Bank Ltd | Financial | Equity | 1.55% |
| GOVERNMENT OF INDIA 36692 364 DAYS TBILL 06NV26 FV RS 100 | Financial | Treasury Bills | 1.46% |
| GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100 | Financial | Treasury Bills | 1.46% |
| GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100 | Financial | Treasury Bills | 1.45% |
| GOVERNMENT OF INDIA 36940 364 DAYS TBILL 15JN27 FV RS 100 | Financial | Treasury Bills | 1.44% |
| GOVERNMENT OF INDIA 37694 182 DAYS TBILL 21JN27 FV RS 100 | Financial | Treasury Bills | 1.44% |
| Power Finance Corporation Ltd | Financial | Equity | 1.39% |
| NMDC Ltd | Materials | Equity | 1.37% |
| Bajaj Finance Ltd | Financial | Equity | 1.33% |
| Bank Of Baroda | Financial | Equity | 1.29% |
| Maruti Suzuki India Ltd | Consumer Discretionary | Equity | 1.28% |
| Steel Authority Of India Ltd | Materials | Equity | 1.18% |
| Crompton Greaves Consumer Electricals Ltd | Consumer Discretionary | Equity | 1.12% |
| Adani Transmission Ltd | Energy & Utilities | Equity | 1.09% |
| Asian Paints Ltd | Materials | Equity | 1.09% |
| Life Insurance Corporation of India | Financial | Equity | 1.02% |
| Godrej Properties Ltd | Real Estate | Equity | 0.98% |
| Adani Ports and Special Economic Zone Ltd | Industrials | Equity | 0.95% |
| LIC Housing Finance Ltd | Financial | Equity | 0.95% |
| The Indian Hotels Company Ltd | Consumer Discretionary | Equity | 0.94% |
| NBCC India Ltd | Industrials | Equity | 0.93% |
| Canara Bank | Financial | Equity | 0.88% |
| Jio Financial Services Limited | Financial | Equity | 0.87% |
| Bharti Airtel Ltd | Technology | Equity | 0.81% |
| Bajaj Finserv Ltd | Financial | Equity | 0.81% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 0.80% |
| The Federal Bank Ltd | Financial | Equity | 0.79% |
| ITC Ltd | Consumer Staples | Equity | 0.79% |
| Larsen & Toubro Ltd | Industrials | Equity | 0.77% |
| Adani Power Ltd | Energy & Utilities | Equity | 0.77% |
| HDFC Bank Ltd | Financial | Equity | 0.70% |
| JSW Steel Ltd | Materials | Equity | 0.67% |
| Sun Pharmaceutical Industries Ltd | Healthcare | Equity | 0.63% |
| Hitachi Energy India Ltd | Industrials | Equity | 0.63% |
| Manappuram Finance Ltd | Financial | Equity | 0.56% |
| Interglobe Aviation Ltd | Industrials | Equity | 0.55% |
| Biocon Ltd | Healthcare | Equity | 0.54% |
| United Spirits Ltd | Consumer Staples | Equity | 0.48% |
| Ambuja Cements Ltd | Materials | Equity | 0.47% |
| Lupin Ltd | Healthcare | Equity | 0.46% |
| Net Receivables | Unspecified | Net Receivables | 0.43% |
| RBL Bank Ltd | Financial | Equity | 0.41% |
| Glenmark Pharmaceuticals Ltd | Healthcare | Equity | 0.41% |
| Divi's Laboratories Ltd | Healthcare | Equity | 0.41% |
| Hindustan Unilever Ltd | Consumer Staples | Equity | 0.38% |
| Indian Energy Exchange Ltd | Financial | Equity | 0.34% |
| Aurobindo Pharma Ltd | Healthcare | Equity | 0.32% |
| Info Edge (India) Ltd | Technology | Equity | 0.32% |
| Mankind Pharma Ltd. | Healthcare | Equity | 0.31% |
| Tata Consumer Products Ltd | Consumer Staples | Equity | 0.31% |
| HDFC Asset Management Company Ltd | Financial | Equity | 0.28% |
| Ashok Leyland Ltd | Industrials | Equity | 0.27% |
| NTPC Ltd | Energy & Utilities | Equity | 0.27% |
| Punjab National Bank | Financial | Equity | 0.27% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 0.24% |
| UPL Ltd | Materials | Equity | 0.24% |
| TVS Motor Company Ltd | Consumer Discretionary | Equity | 0.23% |
| JSW Energy Ltd | Energy & Utilities | Equity | 0.20% |
| Grasim Industries Ltd | Materials | Equity | 0.20% |
| HDFC Life Insurance Co Ltd | Financial | Equity | 0.19% |
| Adani Green Energy Ltd | Energy & Utilities | Equity | 0.18% |
| APL Apollo Tubes Ltd | Industrials | Equity | 0.18% |
| Bharat Petroleum Corporation Ltd | Energy & Utilities | Equity | 0.14% |
| Cummins India Ltd | Industrials | Equity | 0.14% |
| PNB Housing Finance Ltd | Financial | Equity | 0.13% |
| Torrent Pharmaceuticals Ltd | Healthcare | Equity | 0.12% |
| Alkem Laboratories Ltd | Healthcare | Equity | 0.11% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 0.11% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 0.10% |
| Bharat Electronics Ltd | Industrials | Equity | 0.10% |
| Hindalco Industries Ltd | Materials | Equity | 0.10% |
| Hindustan Petroleum Corporation Ltd | Energy & Utilities | Equity | 0.08% |
| Zomato Ltd | Technology | Equity | 0.07% |
| Union Bank of India | Financial | Equity | 0.07% |
| Kalyan Jewellers India Ltd | Consumer Discretionary | Equity | 0.07% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 0.06% |
| GMR Airports Infrastructure Ltd | Industrials | Equity | 0.06% |
| Indian Oil Corporation Ltd | Energy & Utilities | Equity | 0.06% |
| Bharat Forge Ltd | Consumer Discretionary | Equity | 0.06% |
| SBI Life Insurance Company Ltd | Financial | Equity | 0.06% |
| Indusind Bank Ltd | Financial | Equity | 0.06% |
| Cipla Ltd | Healthcare | Equity | 0.05% |
| Ultratech Cement Ltd | Materials | Equity | 0.05% |
| GE T&D India Ltd | Industrials | Equity | 0.05% |
| Tube Investments Of India Ltd | Consumer Discretionary | Equity | 0.04% |
| Hindustan Zinc Ltd | Materials | Equity | 0.04% |
| Prestige Estates Projects Ltd | Real Estate | Equity | 0.04% |
| DLF Ltd | Real Estate | Equity | 0.04% |
| Container Corporation Of India Ltd | Industrials | Equity | 0.03% |
| Computer Age Management Services Ltd | Financial | Equity | 0.03% |
| ICICI Lombard General Insurance Company Ltd | Financial | Equity | 0.03% |
| Apollo Hospitals Enterprise Ltd | Healthcare | Equity | 0.03% |
| AU Small Finance Bank Ltd | Financial | Equity | 0.03% |
| Dabur India Ltd | Consumer Staples | Equity | 0.03% |
| Inox Wind Ltd | Industrials | Equity | 0.03% |
| Bank of India | Financial | Equity | 0.02% |
| Fortis Healthcare Ltd | Healthcare | Equity | 0.02% |
| Coal India Ltd | Materials | Equity | 0.02% |
| Suzlon Energy Ltd | Industrials | Equity | 0.01% |
| Suzlon Energy Ltd. 27.10.2026 | Industrials | Futures | -0.01% |
| Coal India Ltd. 27.10.2026 | Materials | Futures | -0.02% |
| Cipla Ltd. 27.10.2026 | Healthcare | Futures | -0.02% |
| Fortis Healthcare Ltd. 27.10.2026 | Healthcare | Futures | -0.02% |
| Mahindra & Mahindra Ltd. 23.11.2026 | Consumer Discretionary | Futures | -0.02% |
| Bank of India 27.10.2026 | Financial | Futures | -0.02% |
| TVS Motor Company Ltd. 23.11.2026 | Consumer Discretionary | Futures | -0.02% |
| Inox Wind Ltd. 27.10.2026 | Industrials | Futures | -0.03% |
| DABUR INDIA LTD.-27-Oct-2026 | Consumer Staples | Futures | -0.03% |
| AU SMALL FINANCE BANK LTD-27-Oct-2026 | Financial | Futures | -0.03% |
| Apollo Hospitals Enterprise Ltd. 27.10.2026 | Healthcare | Futures | -0.03% |
| ICICI Lombard General Insurance Company Ltd. 27.10.2026 | Financial | Futures | -0.03% |
| COMPUTER AGE MANAGEMENT SERVICES LTD-27-Oct-2026 | Financial | Futures | -0.03% |
| Container Corporation of India Ltd. 27.10.2026 | Industrials | Futures | -0.03% |
| Cipla Ltd. 23.11.2026 | Healthcare | Futures | -0.03% |
| DLF Ltd. 27.10.2026 | Real Estate | Futures | -0.04% |
| Prestige Estates Projects Ltd. 27.10.2026 | Real Estate | Futures | -0.04% |
| Hindustan Zinc Ltd. 27.10.2026 | Materials | Futures | -0.04% |
| Tube Investments of India Ltd. 27.10.2026 | Consumer Discretionary | Futures | -0.04% |
| GE Vernova T&D India Ltd. 27.10.2026 | Industrials | Futures | -0.05% |
| Ultratech Cement Ltd. 27.10.2026 | Materials | Futures | -0.05% |
| IndusInd Bank Ltd. 27.10.2026 | Financial | Futures | -0.06% |
| SBI LIFE INSURANCE COMPANY LTD.-27-Oct-2026 | Financial | Futures | -0.06% |
| Bharat Forge Ltd. 27.10.2026 | Consumer Discretionary | Futures | -0.06% |
| INDIAN OIL CORPORATION LTD.-27-Oct-2026 | Energy & Utilities | Futures | -0.06% |
| GMR AIRPORTS LIMITED-27-Oct-2026 | Industrials | Futures | -0.06% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED-27-Oct-2026 | Financial | Futures | -0.06% |
| KALYAN JEWELLERS INDIA LTD.-27-Oct-2026 | Consumer Discretionary | Futures | -0.07% |
| UNION BANK OF INDIA-27-Oct-2026 | Financial | Futures | -0.07% |
| ETERNAL LIMITED-23-Nov-2026 | Technology | Futures | -0.07% |
| Hindustan Petroleum Corporation Ltd. 27.10.2026 | Energy & Utilities | Futures | -0.08% |
| Bharat Electronics Ltd. 27.10.2026 | Industrials | Futures | -0.10% |
| HINDALCO INDUSTRIES LTD.-27-Oct-2026 | Materials | Futures | -0.10% |
| HINDUSTAN AERONAUTICS LTD-27-Oct-2026 | Industrials | Futures | -0.10% |
| Tata Power Company Ltd. 27.10.2026 | Energy & Utilities | Futures | -0.11% |
| Alkem Laboratories Ltd. 27.10.2026 | Healthcare | Futures | -0.11% |
| Torrent Pharmaceuticals Ltd.27/10/2026 | Healthcare | Futures | -0.12% |
| PNB Housing Finance Ltd. 27.10.2026 | Financial | Futures | -0.13% |
| Cummins India Ltd. 27.10.2026 | Industrials | Futures | -0.14% |
| Bharat Petroleum Corporation Ltd. 27.10.2026 | Energy & Utilities | Futures | -0.14% |
| Adani Green Energy Ltd. 27.10.2026 | Energy & Utilities | Futures | -0.18% |
| APL APOLLO TUBES LTD-27-Oct-2026 | Industrials | Futures | -0.18% |
| HDFC Life Insurance Company Ltd. 27.10.2026 | Financial | Futures | -0.18% |
| Sun Pharmaceutical Industries Ltd. 27.10.2026 | Healthcare | Futures | -0.19% |
| ICICI Bank Ltd. 23.11.2026 | Financial | Futures | -0.19% |
| JSW ENERGY LTD.-27-Oct-2026 | Energy & Utilities | Futures | -0.20% |
| GRASIM INDUSTRIES LTD.-27-Oct-2026 | Materials | Futures | -0.20% |
| TVS Motor Company Ltd. 27.10.2026 | Consumer Discretionary | Futures | -0.21% |
| UPL LTD.-27-Oct-2026 | Materials | Futures | -0.24% |
| SHRIRAM FINANCE LTD-27-Oct-2026 | Financial | Futures | -0.24% |
| Punjab National Bank 27.10.2026 | Financial | Futures | -0.27% |
| NTPC Ltd. 27.10.2026 | Energy & Utilities | Futures | -0.27% |
| ASHOK LEYLAND LTD.-27-Oct-2026 | Industrials | Futures | -0.27% |
| HDFC Asset Management Co. Ltd. 27.10.2026 | Financial | Futures | -0.28% |
| TATA CONSUMER PRODUCTS LTD-27-Oct-2026 | Consumer Staples | Futures | -0.31% |
| Mankind Pharma Ltd. 27.10.2026 | Healthcare | Futures | -0.31% |
| Info Edge (India) Limited_27/10/2026 | Technology | Futures | -0.32% |
| Aurobindo Pharma Ltd. 27.10.2026 | Healthcare | Futures | -0.32% |
| Indian Energy Exchange Ltd. 27.10.2026 | Financial | Futures | -0.34% |
| Hindustan Unilever Ltd. 27.10.2026 | Consumer Staples | Futures | -0.38% |
| DIVIS LABORATORIES LTD.-27-Oct-2026 | Healthcare | Futures | -0.41% |
| Glenmark Pharmaceuticals Ltd. 27.10.2026 | Healthcare | Futures | -0.42% |
| RBL Bank Ltd. 27.10.2026 | Financial | Futures | -0.42% |
| SUN PHARMACEUTICALS INDUSTRIES LTD.-23-Nov-2026 | Healthcare | Futures | -0.45% |
| Lupin Ltd. 27.10.2026 | Healthcare | Futures | -0.46% |
| AMBUJA CEMENTS LTD.-27-Oct-2026 | Materials | Futures | -0.48% |
| United Spirits Ltd. 27.10.2026 | Consumer Staples | Futures | -0.48% |
| Interglobe Aviation Ltd. 27.10.2026 | Industrials | Futures | -0.55% |
| BIOCON LTD.-27-Oct-2026 | Healthcare | Futures | -0.55% |
| MANAPPURAM FINANCE LTD.-27-Oct-2026 | Financial | Futures | -0.56% |
| HITACHI ENERGY INDIA LTD FUT 27-OCT-26 | Industrials | Futures | -0.63% |
| JSW Steel Ltd. 27.10.2026 | Materials | Futures | -0.68% |
| HDFC Bank Limited_27/10/2026 | Financial | Futures | -0.71% |
| Adani Power Ltd. 27.10.2026 | Energy & Utilities | Futures | -0.77% |
| Larsen & Toubro Ltd. 27.10.2026 | Industrials | Futures | -0.77% |
| Mahindra & Mahindra Ltd. 27.10.2026 | Consumer Discretionary | Futures | -0.78% |
| ITC Limited_27/10/2026 | Consumer Staples | Futures | -0.79% |
| THE FEDERAL BANK LIMITED-27-Oct-2026 | Financial | Futures | -0.80% |
| Bajaj Finserv Ltd. 27.10.2026 | Financial | Futures | -0.81% |
| Bharti Airtel Ltd. 27.10.2026 | Technology | Futures | -0.81% |
| Jio Financial Services Limited_27/10/2026 | Financial | Futures | -0.87% |
| Canara Bank 27.10.2026 | Financial | Futures | -0.88% |
| NBCC (India) Ltd. 27.10.2026 | Industrials | Futures | -0.94% |
| Adani Ports and Special Economic Zone Ltd. 27.10.2026 | Industrials | Futures | -0.95% |
| INDIAN HOTELS COMPANY LTD.-27-Oct-2026 | Consumer Discretionary | Futures | -0.95% |
| LIC Housing Finance Ltd. 27.10.2026 | Financial | Futures | -0.96% |
| Godrej Properties Ltd. 27.10.2026 | Real Estate | Futures | -0.99% |
| Life Insurance Corporation of India 27.10.2026 | Financial | Futures | -1.03% |
| ASIAN PAINTS LTD.-27-Oct-2026 | Materials | Futures | -1.09% |
| Adani Energy Solutions Ltd. 27.10.2026 | Energy & Utilities | Futures | -1.10% |
| CROMPTON GREAVES CONSUMER ELECTRICALS LTD.-27-Oct-2026 | Consumer Discretionary | Futures | -1.13% |
| Steel Authority of India Ltd. 27.10.2026 | Materials | Futures | -1.15% |
| Maruti Suzuki India Ltd. 27.10.2026 | Consumer Discretionary | Futures | -1.28% |
| Bank of Baroda 27.10.2026 | Financial | Futures | -1.30% |
| BAJAJ FINANCE LTD.-27-Oct-2026 | Financial | Futures | -1.34% |
| NMDC Ltd. 27.10.2026 | Materials | Futures | -1.36% |
| Power Finance Corporation Ltd. 27.10.2026 | Financial | Futures | -1.40% |
| Yes Bank Limited_27/10/2026 | Financial | Futures | -1.56% |
| Varun Beverages Ltd. 27.10.2026 | Consumer Staples | Futures | -1.65% |
| IDFC FIRST BANK LTD-27-Oct-2026 | Financial | Futures | -1.73% |
| BHARAT HEAVY ELECTRICALS LTD.-27-Oct-2026 | Industrials | Futures | -1.76% |
| Eicher Motors Ltd. 27.10.2026 | Consumer Discretionary | Futures | -1.78% |
| BANDHAN BANK LTD.-27-Oct-2026 | Financial | Futures | -1.91% |
| Adani Enterprises Ltd. 27.10.2026 | Materials | Futures | -1.92% |
| INDUS TOWERS LIMITED-27-Oct-2026 | Technology | Futures | -1.98% |
| State Bank of India 27.10.2026 | Financial | Futures | -2.62% |
| Kotak Mahindra Bank Ltd. 27.10.2026 | Financial | Futures | -2.94% |
| Tata Steel Ltd. 27.10.2026 | Materials | Futures | -3.31% |
| Vodafone Idea Ltd. 27.10.2026 | Technology | Futures | -3.41% |
| Axis Bank Ltd. 27.10.2026 | Financial | Futures | -3.90% |
| Reliance Industries Limited_27/10/2026 | Energy & Utilities | Futures | -4.15% |
| ICICI Bank Ltd. 27.10.2026 | Financial | Futures | -4.37% |
Minimum investments
Min. for 1st investment
₹1,000
Min. for 2nd investment
₹100
Min. for SIP
₹1,000
Returns and rankings
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +6.9% | +6.4% | +5.6% | +6.4% |
| Category average (Hybrid Arbitrage) | +7.2% | +6.7% | +6.1% | +6.8% |
| Rank (Hybrid Arbitrage) | 23 | 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
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%.
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +6.76% | +7.38% | 30,395.97 | |
 | +6.63% | +7.35% | 24,539.33 | |
 | +6.66% | +7.14% | 538.54 | |
 | +7.07% | -- | 819.88 | |
 | +6.83% | -- | 3,434.03 | |
| Compare | ||||
Fund management
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 ₹12,720 Cr and the Latest NAV as of 29 Oct 2026 is ₹37.64.
The JM Arbitrage Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹1,000. 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₹12,720.01 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,