JM Arbitrage Fund Direct Growth

Hybrid
Arbitrage
Low Risk
7.10%
3Y annualised
+0.09% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 13 Jun 2025₹34.70
Min. SIP amount₹100
Rating2
Fund size₹194.57Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Holdings (183)

NameSectorInstrumentAssets
LIC Housing Finance Ltd.
FinancialCP7.70%
JM Liquid Fund Direct-Growth
NAMutual Fund7.01%
TechnologyEquity3.18%
TechnologyEquity2.86%
Shriram Finance Ltd
FinancialDebenture2.59%
EnergyEquity2.57%
Reserve Bank of India
FinancialT-Bills2.56%
FinancialEquity2.56%
Reserve Bank of India
FinancialT-Bills2.55%
Capital GoodsEquity2.46%
EnergyEquity2.43%
CommunicationEquity2.25%
FinancialEquity2.23%
AutomobileEquity2.19%
AutomobileEquity1.90%
FinancialEquity1.85%
HealthcareEquity1.66%
ConstructionEquity1.59%
FinancialEquity1.56%
FinancialEquity1.55%
Reserve Bank of India
FinancialT-Bills1.53%
Reserve Bank of India
FinancialT-Bills1.51%
CommunicationEquity1.51%
Metals & MiningEquity1.47%
FinancialEquity1.45%
EnergyEquity1.21%
ConstructionEquity1.20%
FinancialEquity1.16%
EnergyEquity1.15%
AutomobileEquity1.15%
Reserve Bank of India
FinancialT-Bills1.07%
TechnologyEquity1.07%
Capital GoodsEquity1.06%
FinancialEquity1.03%
Reserve Bank of India
FinancialT-Bills1.02%
ServicesEquity0.96%
CommunicationEquity0.91%
Consumer DiscretionaryEquity0.85%
Metals & MiningEquity0.77%
ConstructionEquity0.74%
AutomobileEquity0.74%
FinancialEquity0.72%
EnergyEquity0.70%
Capital GoodsEquity0.67%
ServicesEquity0.59%
InsuranceEquity0.58%
Capital GoodsEquity0.57%
ServicesEquity0.56%
ChemicalsEquity0.56%
Metals & MiningEquity0.54%
HealthcareEquity0.50%
FinancialEquity0.49%
EnergyEquity0.46%
Capital GoodsEquity0.41%
HealthcareEquity0.41%
InsuranceEquity0.40%
Metals & MiningEquity0.36%
ConstructionEquity0.33%
AutomobileEquity0.32%
EnergyEquity0.32%
EnergyEquity0.31%
HealthcareEquity0.31%
FinancialEquity0.30%
Capital GoodsEquity0.28%
ServicesEquity0.28%
Consumer DiscretionaryEquity0.28%
ServicesEquity0.27%
ConstructionEquity0.26%
HealthcareEquity0.23%
Capital GoodsEquity0.21%
HealthcareEquity0.21%
ServicesEquity0.20%
Metals & MiningEquity0.18%
ServicesEquity0.16%
ServicesEquity0.16%
ConstructionEquity0.15%
EnergyEquity0.15%
HealthcareEquity0.14%
ServicesEquity0.14%
Consumer StaplesEquity0.13%
AutomobileEquity0.13%
FinancialEquity0.12%
ServicesEquity0.11%
EnergyEquity0.09%
Metals & MiningEquity0.09%
EnergyEquity0.08%
ChemicalsEquity0.08%
Capital GoodsEquity0.07%
FinancialEquity0.06%
FinancialEquity0.06%
FinancialEquity0.05%
FinancialEquity0.05%
Metals & MiningEquity0.04%
EnergyEquity0.04%
FinancialEquity0.03%
ServicesEquity0.03%
Adani Ports and Special Economic Zone Ltd.
ServicesFutures-0.03%
Bank of India
FinancialFutures-0.03%
Hindustan Petroleum Corporation Ltd. Warrant
EnergyFutures-0.04%
NMDC Ltd.
Metals & MiningFutures-0.05%
Yes Bank Ltd.
FinancialFutures-0.05%
Power Finance Corporation Ltd.
FinancialFutures-0.05%
Bajaj Finance Ltd.
FinancialFutures-0.06%
IIFL Finance Ltd.
FinancialFutures-0.06%
CG Power and Industrial Solutions Ltd.
Capital GoodsFutures-0.07%
Pidilite Industries Ltd.
ChemicalsFutures-0.08%
NHPC Ltd.
EnergyFutures-0.09%
Jindal Steel & Power Ltd.
Metals & MiningFutures-0.09%
GAIL (India) Ltd.
EnergyFutures-0.09%
Trent Ltd.
ServicesFutures-0.11%
Shriram Finance Ltd
FinancialFutures-0.12%
Escorts Kubota Ltd.
AutomobileFutures-0.13%
Marico Ltd.
Consumer StaplesFutures-0.13%
Jubilant FoodWorks Ltd.
ServicesFutures-0.14%
Aurobindo Pharma Ltd.
HealthcareFutures-0.14%
Coal India Ltd.
EnergyFutures-0.15%
Godrej Properties Ltd.
ConstructionFutures-0.15%
Interglobe Aviation Ltd.
ServicesFutures-0.16%
Info Edge (India) Ltd.
ServicesFutures-0.16%
JSW Steel Ltd.
Metals & MiningFutures-0.18%
The Indian Hotels Company Ltd.
ServicesFutures-0.20%
Laurus Labs Ltd.
HealthcareFutures-0.21%
Bharat Heavy Electricals Ltd.
Capital GoodsFutures-0.22%
Sun Pharmaceutical Industries Ltd.
HealthcareFutures-0.23%
Larsen & Toubro Ltd.
ConstructionFutures-0.26%
Indian Railway Catering & Tourism Corporation Ltd.
ServicesFutures-0.27%
Crompton Greaves Consumer Electricals Ltd.
Consumer DiscretionaryFutures-0.28%
Polycab India Ltd.
Capital GoodsFutures-0.28%
Multi Commodity Exchange Of India Ltd.
ServicesFutures-0.29%
HDFC Asset Management Company Ltd.
FinancialFutures-0.31%
Divi's Laboratories Ltd.
HealthcareFutures-0.31%
Oil And Natural Gas Corporation Ltd.
EnergyFutures-0.32%
Samvardhana Motherson International Ltd.
AutomobileFutures-0.32%
Bharat Petroleum Corporation Ltd.
EnergyFutures-0.32%
GMR Airports Ltd.
ConstructionFutures-0.33%
Hindalco Industries Ltd.
Metals & MiningFutures-0.36%
ICICI Prudential Life Insurance Company Ltd.
InsuranceFutures-0.40%
Biocon Ltd.
HealthcareFutures-0.41%
Bharat Electronics Ltd.
Capital GoodsFutures-0.42%
Power Grid Corporation Of India Ltd.
EnergyFutures-0.46%
Punjab National Bank
FinancialFutures-0.50%
Max Healthcare Institute Ltd.
HealthcareFutures-0.51%
National Aluminium Company Ltd.
Metals & MiningFutures-0.54%
UPL Ltd. Pref. Shares
ChemicalsFutures-0.56%
Aditya Birla Fashion and Retail Ltd.
ServicesFutures-0.57%
JSW Energy Ltd.
Capital GoodsFutures-0.58%
SBI Life Insurance Company Ltd.
InsuranceFutures-0.58%
Container Corporation Of India Ltd.
ServicesFutures-0.59%
ABB India Ltd.
Capital GoodsFutures-0.67%
Petronet LNG Ltd.
EnergyFutures-0.70%
Bandhan Bank Ltd.
FinancialFutures-0.72%
Hero Motocorp Ltd.
AutomobileFutures-0.74%
Grasim Industries Ltd.
ConstructionFutures-0.74%
Steel Authority Of India Ltd.
Metals & MiningFutures-0.77%
Titan Company Ltd.
Consumer DiscretionaryFutures-0.86%
Bharti Airtel Ltd. Rights
CommunicationFutures-0.91%
Adani Enterprises Ltd.
ServicesFutures-0.96%
Axis Bank Ltd.
FinancialFutures-1.03%
Adani Green Energy Ltd.
Capital GoodsFutures-1.06%
Tech Mahindra Ltd.
TechnologyFutures-1.07%
Bajaj Auto Ltd.
AutomobileFutures-1.15%
NTPC Ltd.
EnergyFutures-1.15%
RBL Bank Ltd.
FinancialFutures-1.17%
DLF Ltd.
ConstructionFutures-1.21%
Indian Oil Corporation Ltd.
EnergyFutures-1.22%
LIC Housing Finance Ltd.
FinancialFutures-1.46%
Tata Steel Ltd. Pref. Shares 2.00
Metals & MiningFutures-1.47%
Vodafone Idea Ltd.
CommunicationFutures-1.51%
JIO Financial Services Ltd.
FinancialFutures-1.55%
Canara Bank
FinancialFutures-1.56%
Ultratech Cement Ltd.
ConstructionFutures-1.59%
Cipla Ltd.
HealthcareFutures-1.67%
IDFC First Bank Ltd.
FinancialFutures-1.86%
Mahindra & Mahindra Ltd Warrant
AutomobileFutures-1.91%
Tata Motors Ltd.
AutomobileFutures-2.19%
HDFC Bank Ltd.
FinancialFutures-2.24%
Indus Towers Ltd.
CommunicationFutures-2.25%
Tata Power Company Ltd.
EnergyFutures-2.44%
Hindustan Aeronautics Ltd.
Capital GoodsFutures-2.47%
Bank Of Baroda
FinancialFutures-2.56%
Reliance Industries Ltd.
EnergyFutures-2.57%
Tata Consultancy Services Ltd.
TechnologyFutures-2.86%
Infosys Ltd.
TechnologyFutures-3.19%
See All

Minimum investment amounts

Min. for 1st investment₹1,000
Min. for 2nd investment onwards₹100
Min. for SIP₹100

Returns and rankings

Category: Hybrid Arbitrage
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns7.1%7.1%5.5%6.4%
Category average6.8%6.6%5.3%NA
Rank with in category252120NA
Understand terms

Peer Comparison

Hybrid, Arbitrage fundsRating1Y3YFund Size(Cr)
5
7.7%7.8%22,340.62
5
7.8%7.6%14,982.22
4
7.8%7.5%9,042.14
4
7.8%7.5%18,203.57
4
7.5%7.5%14,511.18

Expense ratio, exit load and tax

Expense ratio: 0.39%

Inclusive of GST

Exit load

Exit load of 0.5%, if redeemed within 30 days.

Stamp duty

0.005% (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.

Understand terms
Check past data

Fund management

Satish Ramanathan
Oct 2024 - Present
View details

Education
Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA.
Experience
Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.
Also manages these schemes

Asit Bhandarkar
Jul 2014 - Present
View details

Education
Mr. Bhandarkar is a B.Com (H) and MMS.
Experience
Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
Also manages these schemes

Deepak Gupta
Apr 2025 - Present
View details

Education
C.A, M.Com from Mumbai University
Experience
Prior to Joining the JM AMC, he has worked with SBI Pension Funds Private Limited, Reliance Nippon Life Insurance and Access Asset Managers Private Limited
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Office B-8th Floor-Cnergy,Appasaheb Marathe Marg,Prabhadevi, Mumbai 400025
Phone
022-33797777 / 1800-103-8345
Launch Date
15 Sep 1994
E-mail
NA
JM Financial Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

Pros and cons

Category: Hybrid Arbitrage

Pros

Consistently higher annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Lower expense ratio: 0.39%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

Low rating: 2

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