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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
JM Arbitrage Fund Direct Growth
+7.29%
3Y annualised
0.00% 1D
NAV: 20 Mar '26
₹36.35
Min. for SIP
₹100
Fund size
₹355.42 Cr
Expense ratio
0.41%
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,788 | +2.98% | |
| 3 years | ₹1,80,000 | ₹1,99,087 | +10.60% | |
| 5 years | ₹3,00,000 | ₹3,54,382 | +18.13% | |
| 10 years | ₹6,00,000 | ₹8,05,435 | +34.24% |
Holdings (186)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Birla Group Holdings Pvt. Ltd. | Financial | CP | 7.02% |
| HDFC Bank Ltd. | Financial | Equity | 5.48% |
| ICICI Bank Ltd. | Financial | Equity | 4.70% |
| JM Liquid Fund Direct-Growth | -- | Mutual Fund | 4.03% |
| Eternal Ltd. | Services | Equity | 3.98% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.90% |
| Multi Commodity Exchange Of India Ltd. | Services | Equity | 3.70% |
| Tata Steel Ltd. | Metals & Mining | Equity | 3.65% |
| ICICI Home Finance Company Ltd. | Financial | FRB | 2.82% |
| Vodafone Idea Ltd. | Communication | Equity | 2.53% |
| Bharti Airtel Ltd. | Communication | Equity | 2.44% |
| Yes Bank Ltd. | Financial | Equity | 2.28% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 1.73% |
| Reserve Bank of India | Financial | T-Bills | 1.69% |
| Patanjali Foods Ltd. | Consumer Staples | Equity | 1.62% |
| Sammaan Capital Ltd. | Financial | Equity | 1.60% |
| Axis Bank Ltd. | Financial | Equity | 1.58% |
| RBL Bank Ltd. | Financial | Equity | 1.51% |
| Reliance Industries Ltd. | Energy | Equity | 1.43% |
| Shriram Finance Ltd | Financial | Bonds | 1.43% |
| 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 | 1.38% |
| Reserve Bank of India | Financial | T-Bills | 1.38% |
| Reserve Bank of India | Financial | T-Bills | 1.37% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 1.33% |
| JSW Steel Ltd. | Metals & Mining | Equity | 1.30% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 1.13% |
| DLF Ltd. | Construction | Equity | 1.09% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 0.94% |
| NMDC Ltd. | Metals & Mining | Equity | 0.93% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 0.88% |
| Trent Ltd. | Services | Equity | 0.88% |
| Hindalco Industries Ltd. | Metals & Mining | Equity | 0.84% |
| Adani Energy Solutions Ltd. | Energy | Equity | 0.83% |
| Bajaj Finance Ltd. | Financial | Equity | 0.80% |
| Bank Of Baroda | Financial | Equity | 0.79% |
| Titan Company Ltd. | Consumer Discretionary | Equity | 0.77% |
| Punjab National Bank | Financial | Equity | 0.76% |
| JIO Financial Services Ltd. | Financial | Equity | 0.71% |
| Varun Beverages Ltd. | Consumer Staples | Equity | 0.69% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 0.69% |
| Britannia Industries Ltd. | Consumer Staples | Equity | 0.68% |
| Biocon Ltd. | Healthcare | Equity | 0.66% |
| Reserve Bank of India | Financial | T-Bills | 0.56% |
| Reserve Bank of India | Financial | T-Bills | 0.55% |
| IDFC First Bank Ltd. | Financial | Equity | 0.54% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 0.50% |
| Grasim Industries Ltd. | Construction | Equity | 0.45% |
| Godrej Properties Ltd. | Construction | Equity | 0.44% |
| GAIL (India) Ltd. | Energy | Equity | 0.44% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 0.43% |
| Dixon Technologies (India) Ltd. | Capital Goods | Equity | 0.39% |
| LIC Housing Finance Ltd. | Financial | Equity | 0.38% |
| Petronet LNG Ltd. | Energy | Equity | 0.36% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 0.32% |
| Indus Towers Ltd. | Communication | Equity | 0.28% |
| Bandhan Bank Ltd. | Financial | Equity | 0.28% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Equity | 0.27% |
| UPL Ltd. | Chemicals | Equity | 0.27% |
| Lodha Developers Ltd. | Construction | Equity | 0.26% |
| NTPC Ltd. | Energy | Equity | 0.26% |
| PG Electroplast Ltd. | Capital Goods | Equity | 0.25% |
| Max Financial Services Ltd. | Financial | Equity | 0.24% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | Equity | 0.24% |
| Samvardhana Motherson International Ltd. | Automobile | Equity | 0.23% |
| Tata Power Company Ltd. | Energy | Equity | 0.22% |
| Coforge Ltd. | Technology | Equity | 0.21% |
| Polycab India Ltd. | Capital Goods | Equity | 0.21% |
| Ambuja Cements Ltd. | Construction | Equity | 0.19% |
| Larsen & Toubro Ltd. | Construction | Equity | 0.17% |
| Ultratech Cement Ltd. | Construction | Equity | 0.14% |
| Cipla Ltd. | Healthcare | Equity | 0.14% |
| Laurus Labs Ltd. | Healthcare | Equity | 0.13% |
| Mphasis Ltd. | Technology | Equity | 0.12% |
| Oil And Natural Gas Corporation Ltd. | Energy | Equity | 0.12% |
| PNB Housing Finance Ltd. | Financial | Equity | 0.12% |
| GMR Airports Ltd. | Construction | Equity | 0.12% |
| National Aluminium Company Ltd. | Metals & Mining | Equity | 0.11% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 0.10% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Equity | 0.09% |
| United Spirits Ltd. | Consumer Staples | Equity | 0.08% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Equity | 0.06% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 0.06% |
| Bajaj Finserv Ltd. | Financial | Equity | 0.06% |
| Prestige Estates Projects Ltd. | Construction | Equity | 0.05% |
| Bharat Petroleum Corporation Ltd. | Energy | Equity | 0.04% |
| Hindustan Zinc Ltd. | Metals & Mining | Equity | 0.04% |
| Alkem Laboratories Ltd. | Healthcare | Equity | 0.04% |
| NBCC (India) Ltd. | Construction | Equity | 0.03% |
| Lupin Ltd. | Healthcare | Equity | 0.03% |
| Hindustan Petroleum Corporation Ltd. | Energy | Equity | 0.02% |
| Tech Mahindra Ltd. | Technology | Equity | 0.02% |
| Interglobe Aviation Ltd. | Services | Equity | 0.02% |
| The Indian Hotels Company Ltd. | Services | Equity | 0.02% |
| PB Fintech Ltd. | Services | Equity | 0.01% |
| DLF Ltd. | Construction | Futures | -0.01% |
| PB Fintech Ltd. | Services | Futures | -0.01% |
| The Indian Hotels Company Ltd. | Services | Futures | -0.02% |
| Interglobe Aviation Ltd. | Services | Futures | -0.02% |
| Bajaj Finance Ltd. | Financial | Futures | -0.02% |
| Tech Mahindra Ltd. | Technology | Futures | -0.02% |
| Hindustan Petroleum Corporation Ltd. | Energy | Futures | -0.03% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Futures | -0.03% |
| Lupin Ltd. | Healthcare | Futures | -0.03% |
| LIC Housing Finance Ltd. | Financial | Futures | -0.03% |
| NBCC (India) Ltd. | Construction | Futures | -0.03% |
| Alkem Laboratories Ltd. | Healthcare | Futures | -0.04% |
| Hindustan Zinc Ltd. | Metals & Mining | Futures | -0.04% |
| Bharat Petroleum Corporation Ltd. | Energy | Futures | -0.04% |
| Prestige Estates Projects Ltd. | Construction | Futures | -0.05% |
| Bajaj Finserv Ltd. | Financial | Futures | -0.06% |
| Aurobindo Pharma Ltd. | Healthcare | Futures | -0.06% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Futures | -0.06% |
| United Spirits Ltd. | Consumer Staples | Futures | -0.08% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Futures | -0.09% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Futures | -0.10% |
| National Aluminium Company Ltd. | Metals & Mining | Futures | -0.11% |
| GMR Airports Ltd. | Construction | Futures | -0.12% |
| PNB Housing Finance Ltd. | Financial | Futures | -0.12% |
| Oil And Natural Gas Corporation Ltd. | Energy | Futures | -0.12% |
| Mphasis Ltd. | Technology | Futures | -0.12% |
| Laurus Labs Ltd. | Healthcare | Futures | -0.13% |
| Cipla Ltd. | Healthcare | Futures | -0.14% |
| Ultratech Cement Ltd. | Construction | Futures | -0.14% |
| Larsen & Toubro Ltd. | Construction | Futures | -0.17% |
| Ambuja Cements Ltd. | Construction | Futures | -0.19% |
| Polycab India Ltd. | Capital Goods | Futures | -0.21% |
| Coforge Ltd. | Technology | Futures | -0.21% |
| Tata Power Company Ltd. | Energy | Futures | -0.22% |
| Bharti Airtel Ltd. | Communication | Futures | -0.23% |
| Samvardhana Motherson International Ltd. | Automobile | Futures | -0.23% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | Futures | -0.24% |
| Max Financial Services Ltd. | Financial | Futures | -0.25% |
| PG Electroplast Ltd. | Capital Goods | Futures | -0.25% |
| NTPC Ltd. | Energy | Futures | -0.26% |
| Lodha Developers Ltd. | Construction | Futures | -0.26% |
| UPL Ltd. | Chemicals | Futures | -0.27% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Futures | -0.27% |
| Bandhan Bank Ltd. | Financial | Futures | -0.28% |
| Indus Towers Ltd. | Communication | Futures | -0.28% |
| Dr. Reddy's Laboratories Ltd. ADS/ADR | Healthcare | Futures | -0.32% |
| LIC Housing Finance Ltd. | Financial | Futures | -0.35% |
| Petronet LNG Ltd. | Energy | Futures | -0.36% |
| Dixon Technologies (India) Ltd. | Capital Goods | Futures | -0.39% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Futures | -0.41% |
| GAIL (India) Ltd. | Energy | Futures | -0.44% |
| Godrej Properties Ltd. | Construction | Futures | -0.44% |
| Grasim Industries Ltd. | Construction | Futures | -0.46% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Futures | -0.50% |
| IDFC First Bank Ltd. | Financial | Futures | -0.54% |
| Biocon Ltd. | Healthcare | Futures | -0.66% |
| Britannia Industries Ltd. | Consumer Staples | Futures | -0.68% |
| Divi's Laboratories Ltd. | Healthcare | Futures | -0.69% |
| Varun Beverages Ltd. | Consumer Staples | Futures | -0.69% |
| JIO Financial Services Ltd. | Financial | Futures | -0.71% |
| Punjab National Bank | Financial | Futures | -0.76% |
| Titan Company Ltd. | Consumer Discretionary | Futures | -0.77% |
| Bajaj Finance Ltd. | Financial | Futures | -0.78% |
| Bank Of Baroda | Financial | Futures | -0.80% |
| Adani Energy Solutions Ltd. | Energy | Futures | -0.83% |
| Hindalco Industries Ltd. | Metals & Mining | Futures | -0.84% |
| Trent Ltd. | Services | Futures | -0.88% |
| Maruti Suzuki India Ltd. | Automobile | Futures | -0.88% |
| NMDC Ltd. | Metals & Mining | Futures | -0.93% |
| Max Healthcare Institute Ltd. | Healthcare | Futures | -0.94% |
| DLF Ltd. | Construction | Futures | -1.08% |
| Mahindra & Mahindra Ltd. | Automobile | Futures | -1.13% |
| JSW Steel Ltd. | Metals & Mining | Futures | -1.30% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Futures | -1.34% |
| Reliance Industries Ltd. | Energy | Futures | -1.44% |
| RBL Bank Ltd. | Financial | Futures | -1.52% |
| Axis Bank Ltd. | Financial | Futures | -1.59% |
| Sammaan Capital Ltd. | Financial | Futures | -1.60% |
| Patanjali Foods Ltd. | Consumer Staples | Futures | -1.62% |
| Adani Ports and Special Economic Zone Ltd. | Services | Futures | -1.74% |
| Bharti Airtel Ltd. | Communication | Futures | -2.22% |
| Yes Bank Ltd. | Financial | Futures | -2.29% |
| Vodafone Idea Ltd. | Communication | Futures | -2.54% |
| Tata Steel Ltd. | Metals & Mining | Futures | -3.67% |
| Multi Commodity Exchange Of India Ltd. | Services | Futures | -3.71% |
| Kotak Mahindra Bank Ltd. | Financial | Futures | -3.92% |
| Eternal Ltd. | Services | Futures | -4.00% |
| ICICI Bank Ltd. | Financial | Futures | -4.73% |
| HDFC Bank Ltd. | Financial | Futures | -5.52% |
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 | +7.3% | +6.1% | +5.7% | +6.4% |
| Category average (Hybrid Arbitrage) | +6.8% | +5.6% | +5.7% | -- |
| Rank (Hybrid Arbitrage) | 21 | 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%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Invesco India Arbitrage Fund Direct Growth | +6.99% | +7.82% | 28,526.70 | |
Tata Arbitrage Fund Direct Growth | +7.09% | +7.82% | 21,327.37 | |
Aditya Birla Sun Life Arbitrage Fund Direct Growth | +7.04% | +7.76% | 26,792.01 | |
Bandhan Arbitrage Fund Direct Growth | +6.77% | +7.69% | 8,650.08 | |
SBI Arbitrage Opportunities Fund Direct Growth | +6.89% | +7.69% | 44,393.15 | |
| Compare | ||||
Fund management
SRSatish RamanathanOct 2024 - PresentView details
SR
Satish Ramanathan
Oct 2024 - Present
View details
ABAsit BhandarkarJul 2014 - PresentView details
AB
Asit Bhandarkar
Jul 2014 - Present
View details
RFRuchi FozdarOct 2024 - PresentView details
RF
Ruchi Fozdar
Oct 2024 - 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 ₹13,300 Cr and the Latest NAV as of 20 Mar 2026 is ₹36.35.
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₹13,300.50 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,