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JM Arbitrage Fund Direct Growth
Hybrid
Arbitrage
Low Risk
+7.31%
3Y annualised
+0.05% 1D
NAV: 16 Jan '26
₹35.96
Min. SIP amount
₹100
Fund size
₹359.67 Cr
Expense ratio
0.41%
Return calculator
Monthly SIP
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,768 | +2.95% | |
| 3 years | ₹1,80,000 | ₹1,99,219 | +10.68% | |
| 5 years | ₹3,00,000 | ₹3,53,928 | +17.98% | |
| 10 years | ₹6,00,000 | ₹8,04,264 | +34.04% |
Holdings (194)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 4.81% |
| HDFC Bank Ltd. | Financial | Equity | 4.41% |
| Reliance Industries Ltd. | Energy | Equity | 4.37% |
| Godrej Industries Ltd. | Consumer Staples | CP | 4.17% |
| JM Liquid Fund Direct-Growth | NA | Mutual Fund | 3.94% |
| Axis Bank Ltd. | Financial | Equity | 3.62% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.04% |
| Multi Commodity Exchange Of India Ltd. | Services | Equity | 2.94% |
| RBL Bank Ltd. | Financial | Equity | 2.84% |
| Hindalco Industries Ltd. | Metals & Mining | Equity | 2.78% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.60% |
| State Bank of India | Financial | Equity | 2.48% |
| Marico Ltd. | Consumer Staples | Equity | 2.45% |
| Yes Bank Ltd. | Financial | Equity | 2.35% |
| Eternal Ltd. | Services | Equity | 2.17% |
| Tata Steel Ltd. | Metals & Mining | Equity | 2.09% |
| Patanjali Foods Ltd. | Consumer Staples | Equity | 1.99% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 1.98% |
| Bharti Airtel Ltd. | Communication | Equity | 1.89% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 1.85% |
| ITC Ltd. | Consumer Staples | Equity | 1.83% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Equity | 1.51% |
| Shriram Finance Ltd | Financial | Bonds | 1.42% |
| 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 | 1.38% |
| Reserve Bank of India | Financial | T-Bills | 1.38% |
| Reserve Bank of India | Financial | T-Bills | 1.37% |
| Vodafone Idea Ltd. | Communication | Equity | 1.22% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | Equity | 1.00% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 0.97% |
| JSW Energy Ltd. | Capital Goods | Equity | 0.95% |
| Trent Ltd. | Services | Equity | 0.95% |
| PNB Housing Finance Ltd. | Financial | Equity | 0.84% |
| DLF Ltd. | Construction | Equity | 0.84% |
| Reserve Bank of India | Financial | T-Bills | 0.83% |
| Adani Energy Solutions Ltd. | Energy | Equity | 0.83% |
| Vedanta Ltd. | Metals & Mining | Equity | 0.81% |
| Dixon Technologies (India) Ltd. | Capital Goods | Equity | 0.72% |
| JSW Steel Ltd. | Metals & Mining | Equity | 0.72% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 0.68% |
| Biocon Ltd. | Healthcare | Equity | 0.66% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 0.60% |
| Bajaj Finance Ltd. | Financial | Equity | 0.60% |
| Indian Oil Corporation Ltd. | Energy | Equity | 0.59% |
| Bank Of Baroda | Financial | Equity | 0.58% |
| Bandhan Bank Ltd. | Financial | Equity | 0.57% |
| Reserve Bank of India | Financial | T-Bills | 0.55% |
| Reserve Bank of India | Financial | T-Bills | 0.55% |
| LIC Housing Finance Ltd. | Financial | Equity | 0.53% |
| Tata Power Company Ltd. | Energy | Equity | 0.49% |
| JIO Financial Services Ltd. | Financial | Equity | 0.44% |
| Indusind Bank Ltd. | Financial | Equity | 0.44% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 0.42% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 0.42% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | Equity | 0.42% |
| Indus Towers Ltd. | Communication | Equity | 0.40% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Equity | 0.38% |
| Lodha Developers Ltd. | Construction | Equity | 0.37% |
| Varun Beverages Ltd. | Consumer Staples | Equity | 0.37% |
| Grasim Industries Ltd. | Construction | Equity | 0.35% |
| Petronet LNG Ltd. | Energy | Equity | 0.35% |
| NMDC Ltd. | Metals & Mining | Equity | 0.34% |
| Bosch Ltd. | Automobile | Equity | 0.33% |
| Ambuja Cements Ltd. | Construction | Equity | 0.31% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 0.28% |
| Aditya Birla Capital Ltd. | Financial | Equity | 0.28% |
| Reserve Bank of India | Financial | T-Bills | 0.28% |
| Punjab National Bank | Financial | Equity | 0.27% |
| NBCC (India) Ltd. | Construction | Equity | 0.24% |
| Max Financial Services Ltd. | Financial | Equity | 0.22% |
| GMR Airports Ltd. | Construction | Equity | 0.22% |
| Samvardhana Motherson International Ltd. | Automobile | Equity | 0.21% |
| Container Corporation Of India Ltd. | Services | Equity | 0.20% |
| PG Electroplast Ltd. | Capital Goods | Equity | 0.20% |
| IDFC First Bank Ltd. | Financial | Equity | 0.15% |
| United Spirits Ltd. | Consumer Staples | Equity | 0.14% |
| Ultratech Cement Ltd. | Construction | Equity | 0.13% |
| Hindustan Aeronautics Ltd. | Capital Goods | Equity | 0.13% |
| UPL Ltd. | Chemicals | Equity | 0.12% |
| Britannia Industries Ltd. | Consumer Staples | Equity | 0.10% |
| The Indian Hotels Company Ltd. | Services | Equity | 0.10% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 0.10% |
| Nestle India Ltd. | Consumer Staples | Equity | 0.09% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 0.09% |
| Hindustan Zinc Ltd. | Metals & Mining | Equity | 0.08% |
| Cipla Ltd. | Healthcare | Equity | 0.08% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Equity | 0.08% |
| Prestige Estates Projects Ltd. | Construction | Equity | 0.06% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 0.05% |
| Indian Energy Exchange Ltd. | Services | Equity | 0.04% |
| Alkem Laboratories Ltd. | Healthcare | Equity | 0.04% |
| GAIL (India) Ltd. | Energy | Equity | 0.03% |
| Hindustan Petroleum Corporation Ltd. | Energy | Equity | 0.03% |
| IIFL Finance Ltd. | Financial | Equity | 0.03% |
| Tech Mahindra Ltd. | Technology | Equity | 0.03% |
| Lupin Ltd. | Healthcare | Equity | 0.02% |
| Mphasis Ltd. | Technology | Equity | 0.02% |
| Steel Authority Of India Ltd. | Metals & Mining | Equity | 0.02% |
| Union Bank of India | Financial | Equity | 0.02% |
| Coforge Ltd. | Technology | Equity | 0.02% |
| Godrej Properties Ltd. | Construction | Equity | 0.02% |
| NHPC Ltd. | Energy | Equity | 0.01% |
| NHPC Ltd. | Energy | Futures | -0.01% |
| Godrej Properties Ltd. | Construction | Futures | -0.02% |
| Coforge Ltd. | Technology | Futures | -0.02% |
| Union Bank of India | Financial | Futures | -0.02% |
| Steel Authority Of India Ltd. | Metals & Mining | Futures | -0.02% |
| Mphasis Ltd. | Technology | Futures | -0.02% |
| Lupin Ltd. | Healthcare | Futures | -0.03% |
| IIFL Finance Ltd. | Financial | Futures | -0.03% |
| Hindustan Petroleum Corporation Ltd. Warrant | Energy | Futures | -0.03% |
| Tech Mahindra Ltd. | Technology | Futures | -0.03% |
| GAIL (India) Ltd. | Energy | Futures | -0.03% |
| Alkem Laboratories Ltd. | Healthcare | Futures | -0.04% |
| Indian Energy Exchange Ltd. | Services | Futures | -0.04% |
| Aurobindo Pharma Ltd. | Healthcare | Futures | -0.06% |
| Prestige Estates Projects Ltd. | Construction | Futures | -0.06% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Futures | -0.08% |
| Cipla Ltd. | Healthcare | Futures | -0.08% |
| Hindustan Zinc Ltd. | Metals & Mining | Futures | -0.09% |
| Nestle India Ltd. | Consumer Staples | Futures | -0.09% |
| HDFC Asset Management Company Ltd. | Financial | Futures | -0.09% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Futures | -0.10% |
| The Indian Hotels Company Ltd. | Services | Futures | -0.10% |
| Britannia Industries Ltd. | Consumer Staples | Futures | -0.11% |
| UPL Ltd. | Chemicals | Futures | -0.12% |
| Hindustan Aeronautics Ltd. | Capital Goods | Futures | -0.13% |
| Ultratech Cement Ltd. GDR/GDS | Construction | Futures | -0.13% |
| United Spirits Ltd. | Consumer Staples | Futures | -0.14% |
| IDFC First Bank Ltd. | Financial | Futures | -0.15% |
| PG Electroplast Ltd. | Capital Goods | Futures | -0.19% |
| Container Corporation Of India Ltd. | Services | Futures | -0.20% |
| Samvardhana Motherson International Ltd. | Automobile | Futures | -0.21% |
| GMR Airports Ltd. | Construction | Futures | -0.22% |
| Max Financial Services Ltd. | Financial | Futures | -0.22% |
| NBCC (India) Ltd. | Construction | Futures | -0.24% |
| Punjab National Bank | Financial | Futures | -0.27% |
| Aditya Birla Capital Ltd. | Financial | Futures | -0.27% |
| Bharat Electronics Ltd. | Capital Goods | Futures | -0.28% |
| Ambuja Cements Ltd. | Construction | Futures | -0.31% |
| Bosch Ltd. | Automobile | Futures | -0.32% |
| NMDC Ltd. | Metals & Mining | Futures | -0.34% |
| Petronet LNG Ltd. | Energy | Futures | -0.34% |
| Grasim Industries Ltd. | Construction | Futures | -0.36% |
| Varun Beverages Ltd. | Consumer Staples | Futures | -0.36% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Futures | -0.37% |
| Lodha Developers Ltd. | Construction | Futures | -0.38% |
| Indus Towers Ltd. | Communication | Futures | -0.40% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | Futures | -0.42% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Futures | -0.42% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Futures | -0.43% |
| Indusind Bank Ltd. | Financial | Futures | -0.43% |
| JIO Financial Services Ltd. | Financial | Futures | -0.45% |
| Tata Power Company Ltd. | Energy | Futures | -0.49% |
| LIC Housing Finance Ltd. | Financial | Futures | -0.53% |
| Bank Of Baroda | Financial | Futures | -0.57% |
| Indian Oil Corporation Ltd. | Energy | Futures | -0.57% |
| Bandhan Bank Ltd. | Financial | Futures | -0.58% |
| Mahindra & Mahindra Ltd. | Automobile | Futures | -0.59% |
| Bajaj Finance Ltd. | Financial | Futures | -0.61% |
| Biocon Ltd. | Healthcare | Futures | -0.66% |
| JSW Steel Ltd. | Metals & Mining | Futures | -0.68% |
| Divi's Laboratories Ltd. | Healthcare | Futures | -0.69% |
| Dixon Technologies (India) Ltd. | Capital Goods | Futures | -0.73% |
| Vedanta Ltd. | Metals & Mining | Futures | -0.81% |
| Adani Energy Solutions Ltd. | Energy | Futures | -0.82% |
| DLF Ltd. | Construction | Futures | -0.84% |
| PNB Housing Finance Ltd. | Financial | Futures | -0.85% |
| Trent Ltd. | Services | Futures | -0.95% |
| JSW Energy Ltd. | Capital Goods | Futures | -0.95% |
| Maruti Suzuki India Ltd. | Automobile | Futures | -0.98% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | Futures | -1.01% |
| Vodafone Idea Ltd. | Communication | Futures | -1.37% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Futures | -1.50% |
| ITC Ltd. | Consumer Staples | Futures | -1.85% |
| Max Healthcare Institute Ltd. | Healthcare | Futures | -1.85% |
| Bharti Airtel Ltd. Rights | Communication | Futures | -1.92% |
| Tata Steel Ltd. | Metals & Mining | Futures | -2.00% |
| Adani Ports and Special Economic Zone Ltd. | Services | Futures | -2.01% |
| Patanjali Foods Ltd. | Consumer Staples | Futures | -2.02% |
| Eternal Ltd. | Services | Futures | -2.24% |
| Yes Bank Ltd. | Financial | Futures | -2.34% |
| Marico Ltd Pref. Shares | Consumer Staples | Futures | -2.43% |
| State Bank of India | Financial | Futures | -2.47% |
| Larsen & Toubro Ltd. | Construction | Futures | -2.61% |
| Hindalco Industries Ltd. | Metals & Mining | Futures | -2.73% |
| RBL Bank Ltd. | Financial | Futures | -2.78% |
| Multi Commodity Exchange Of India Ltd. | Services | Futures | -2.91% |
| Kotak Mahindra Bank Ltd. | Financial | Futures | -3.01% |
| Axis Bank Ltd. | Financial | Futures | -3.53% |
| Reliance Industries Ltd. | Energy | Futures | -4.38% |
| HDFC Bank Ltd. | Financial | Futures | -4.45% |
| ICICI Bank Ltd. | Financial | Futures | -4.89% |
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% | +6.0% | +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 | +7.10% | +7.84% | 27,399.88 | |
Tata Arbitrage Fund Direct Growth | +7.21% | +7.83% | 20,013.43 | |
Aditya Birla Sun Life Arbitrage Fund Direct Growth | +7.13% | +7.77% | 25,396.48 | |
Bandhan Arbitrage Fund Direct Growth | +6.91% | +7.71% | 8,967.81 | |
SBI Arbitrage Opportunities Fund Direct Growth | +6.98% | +7.71% | 41,713.82 | |
| 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 ₹13,584 Cr and the Latest NAV as of 16 Jan 2026 is ₹35.96.
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₹13,583.66 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,