JM Arbitrage Fund Direct Growth-0.04%

1Groww
5.88%
1 Year Return
Hybrid
Arbitrage
1.0 star
6M
1Y
3Y
5Y
All

Fund Details

JM Arbitrage Fund Direct Growth

RiskModerately Low
Min SIP AmountNot Supported
Expense Ratio0.75%
NAV25.87 (17 Oct 2019)
Fund Started01 Jan 2013
Fund Size70 Cr

Returns

1Y
3Y*
5Y*
Since inception*
JM Arbitrage Fund Direct Growth
5.9%
5.9%
6.6%
7.4%
Category Average
6.9%
NA
NA
-
Rank within category
18
15
14
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 5.9% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 5 years
    2. Risk is lower compared to the benchmark
    3. Lower expense ratio
    4. 1Y Returns are higher than the benchmark
    5. 3Y Returns are higher than the benchmark
    6. 5Y Returns are higher than the benchmark
    Cons
    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

    Top Holdings

    NameSectorInstrument% Assets
    Adani Power Ltd.EngineeringEquity17.7%
    IDFC First Bank Ltd.FinancialTerm Deposits10.0%
    Axis Bank Ltd.FinancialTerm Deposits4.3%
    Axis Bank Ltd.FinancialEquity2.5%
    Bajaj Finance Ltd.FinancialEquity1.6%
    Cadila Healthcare Ltd.HealthcareEquity0.4%
    Cadila Healthcare Ltd.HealthcareFutures-0.4%
    JSW Steel Ltd.MetalsFutures-0.6%
    ICICI Bank Ltd.FinancialFutures-1.6%
    Bajaj Finance Ltd.FinancialFutures-1.6%
    See All

    Fund Managers

    addSanjay Kumar Chhabaria
    Education
    He is a PGDBA and CFA.
    Experience
    Prior to joining JM Financials he has worked with Lotus India AMC, SBI Funds Management, Religare Invesco AMC, SMIFS Securities and IDBI Capital Markets.
    Funds Managed
    addAsit Bhandarkar
    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.
    Funds Managed
    addChaitanya Choksi
    Education
    Mr. Choksi is a MMS (Finance) and CFA.
    Experience
    Prior to joining JM Financials in 2008 he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.
    Funds Managed

    Other Details

    JM Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Sanjay Kumar Chhabaria, Asit Bhandarkar, Chaitanya Choksi is the Current Fund Manager of JM Arbitrage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹70 Cr and the Latest NAV as of 17 Oct 2019 is ₹25.87.

    The JM Arbitrage Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 60 days.

    Investment Objective

    The primary investment objective of the scheme is 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.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Exit load of 1% if redeemed within 60 days
    Exit Load

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    About JM Financial Mutual Fund

    Address
    Office B, 8th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Mumbai 400 051
    Phone
    022-61987777
    Launch Date
    14 Sep 1994
    Website
    NA
    JM Financial Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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