Fund Details
JM Arbitrage Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.75% |
| NAV | ₹26.90 (22 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹106 Cr |
Returns
Comparison
1. Age is more than 5 years
2. Lower expense ratio - 0.75%
1. Asset under management(AUM) is less than 200 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. 1Y Returns are lower than the category average returns
4. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 8.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.7% |
| HCL Technologies Ltd. | Technology | Equity | 6.8% |
| Bajaj Finserv Ltd. | Financial | Equity | 6.7% |
| Axis Bank Ltd. | Financial | Equity | 5.4% |
| Bharti Airtel Ltd. | Communication | Equity | 4.3% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 3.2% |
| Sun TV Network Ltd. | Services | Equity | 3.1% |
| Tata Steel Ltd. | Metals | Equity | 3.0% |
| Adani Enterprises Ltd. | Services | Equity | 3.0% |
Fund Managers
JM Arbitrage Fund Direct Growth Details
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 01 Jan 2013. Sanjay Kumar Chhabaria, Asit Bhandarkar, Chaitanya Choksi is the Current Fund Manager of JM Arbitrage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹106 Cr and the Latest NAV as of 22 Jan 2021 is ₹26.90.
The JM Arbitrage Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. 0.50% for redemption 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.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
