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JM Arbitrage Fund Growth
Hybrid
Arbitrage
Low Risk
+6.54%
3Y annualised
0.00% 1D
NAV: 09 Feb '26
₹33.72
Min. SIP amount
Not Supported
Fund size
₹376.20 Cr
Expense ratio
1.08%
Holdings (187)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 5.03% |
| ICICI Bank Ltd. | Financial | Equity | 4.29% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | CP | 3.97% |
| Multi Commodity Exchange Of India Ltd. | Services | Equity | 3.86% |
| JM Liquid Fund Direct-Growth | NA | Mutual Fund | 3.79% |
| Reliance Industries Ltd. | Energy | Equity | 3.63% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.62% |
| Axis Bank Ltd. | Financial | Equity | 3.12% |
| Tata Steel Ltd. | Metals & Mining | Equity | 2.94% |
| RBL Bank Ltd. | Financial | Equity | 2.92% |
| Eternal Ltd. | Services | Equity | 2.72% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.40% |
| Bharti Airtel Ltd. | Communication | Equity | 2.36% |
| Marico Ltd. | Consumer Staples | Equity | 2.26% |
| Yes Bank Ltd. | Financial | Equity | 2.23% |
| Vodafone Idea Ltd. | Communication | Equity | 1.99% |
| State Bank of India | Financial | Equity | 1.78% |
| Bandhan Bank Ltd. | Financial | Equity | 1.57% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 1.52% |
| Sammaan Capital Ltd. | Financial | Equity | 1.52% |
| Patanjali Foods Ltd. | Consumer Staples | Equity | 1.51% |
| Shriram Finance Ltd | Financial | Bonds | 1.35% |
| Reserve Bank of India | Financial | T-Bills | 1.32% |
| Reserve Bank of India | Financial | T-Bills | 1.32% |
| Reserve Bank of India | Financial | T-Bills | 1.31% |
| Reserve Bank of India | Financial | T-Bills | 1.30% |
| Reserve Bank of India | Financial | T-Bills | 1.30% |
| Reserve Bank of India | Financial | T-Bills | 1.29% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Equity | 1.29% |
| DLF Ltd. | Construction | Equity | 1.25% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 1.20% |
| JSW Steel Ltd. | Metals & Mining | Equity | 1.18% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 1.00% |
| Hindalco Industries Ltd. | Metals & Mining | Equity | 1.00% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 0.81% |
| Trent Ltd. | Services | Equity | 0.80% |
| Reserve Bank of India | Financial | T-Bills | 0.80% |
| Vedanta Ltd. | Metals & Mining | Equity | 0.73% |
| Adani Energy Solutions Ltd. | Energy | Equity | 0.69% |
| Varun Beverages Ltd. | Consumer Staples | Equity | 0.68% |
| JIO Financial Services Ltd. | Financial | Equity | 0.62% |
| Punjab National Bank | Financial | Equity | 0.61% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 0.61% |
| Bajaj Finance Ltd. | Financial | Equity | 0.59% |
| Biocon Ltd. | Healthcare | Equity | 0.59% |
| Bank Of Baroda | Financial | Equity | 0.56% |
| Godrej Properties Ltd. | Construction | Equity | 0.54% |
| NMDC Ltd. | Metals & Mining | Equity | 0.54% |
| Reserve Bank of India | Financial | T-Bills | 0.53% |
| Reserve Bank of India | Financial | T-Bills | 0.52% |
| Britannia Industries Ltd. | Consumer Staples | Equity | 0.49% |
| Dixon Technologies (India) Ltd. | Capital Goods | Equity | 0.47% |
| Tata Power Company Ltd. | Energy | Equity | 0.45% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 0.44% |
| PNB Housing Finance Ltd. | Financial | Equity | 0.44% |
| Grasim Industries Ltd. | Construction | Equity | 0.43% |
| Steel Authority Of India Ltd. | Metals & Mining | Equity | 0.38% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 0.35% |
| Aditya Birla Capital Ltd. | Financial | Equity | 0.34% |
| LIC Housing Finance Ltd. | Financial | Equity | 0.34% |
| IDFC First Bank Ltd. | Financial | Equity | 0.33% |
| Petronet LNG Ltd. | Energy | Equity | 0.31% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 0.28% |
| Reserve Bank of India | Financial | T-Bills | 0.26% |
| Indus Towers Ltd. | Communication | Equity | 0.26% |
| Lodha Developers Ltd. | Construction | Equity | 0.24% |
| Max Financial Services Ltd. | Financial | Equity | 0.21% |
| Titan Company Ltd. | Consumer Discretionary | Equity | 0.20% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Equity | 0.19% |
| Ambuja Cements Ltd. | Construction | Equity | 0.19% |
| Samvardhana Motherson International Ltd. | Automobile | Equity | 0.18% |
| PG Electroplast Ltd. | Capital Goods | Equity | 0.18% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | Equity | 0.17% |
| Jindal Steel Ltd. | Metals & Mining | Equity | 0.17% |
| Polycab India Ltd. | Capital Goods | Equity | 0.16% |
| Ultratech Cement Ltd. | Construction | Equity | 0.13% |
| Laurus Labs Ltd. | Healthcare | Equity | 0.11% |
| GMR Airports Ltd. | Construction | Equity | 0.10% |
| UPL Ltd. | Chemicals | Equity | 0.10% |
| The Indian Hotels Company Ltd. | Services | Equity | 0.09% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 0.09% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Equity | 0.08% |
| United Spirits Ltd. | Consumer Staples | Equity | 0.07% |
| Tata Consultancy Services Ltd. | Technology | Equity | 0.06% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 0.05% |
| Cipla Ltd. | Healthcare | Equity | 0.05% |
| Prestige Estates Projects Ltd. | Construction | Equity | 0.05% |
| Bajaj Finserv Ltd. | Financial | Equity | 0.05% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 0.05% |
| Hindustan Zinc Ltd. | Metals & Mining | Equity | 0.04% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 0.04% |
| Alkem Laboratories Ltd. | Healthcare | Equity | 0.04% |
| Interglobe Aviation Ltd. | Services | Equity | 0.04% |
| NBCC (India) Ltd. | Construction | Equity | 0.03% |
| GAIL (India) Ltd. | Energy | Equity | 0.03% |
| Tech Mahindra Ltd. | Technology | Equity | 0.03% |
| Lupin Ltd. | Healthcare | Equity | 0.02% |
| Hindustan Petroleum Corporation Ltd. | Energy | Equity | 0.02% |
| Union Bank of India | Financial | Equity | 0.02% |
| Mphasis Ltd. | Technology | Equity | 0.02% |
| Mphasis Ltd. | Technology | Futures | -0.02% |
| Union Bank of India | Financial | Futures | -0.02% |
| Hindustan Petroleum Corporation Ltd. | Energy | Futures | -0.02% |
| Lupin Ltd. | Healthcare | Futures | -0.02% |
| Tech Mahindra Ltd. | Technology | Futures | -0.03% |
| GAIL (India) Ltd. | Energy | Futures | -0.03% |
| NBCC (India) Ltd. | Construction | Futures | -0.03% |
| Interglobe Aviation Ltd. | Services | Futures | -0.04% |
| Alkem Laboratories Ltd. | Healthcare | Futures | -0.04% |
| HDFC Asset Management Company Ltd. | Financial | Futures | -0.04% |
| Hindustan Zinc Ltd. | Metals & Mining | Futures | -0.04% |
| Bharat Electronics Ltd. | Capital Goods | Futures | -0.05% |
| Bajaj Finserv Ltd. | Financial | Futures | -0.05% |
| Prestige Estates Projects Ltd. | Construction | Futures | -0.05% |
| Aurobindo Pharma Ltd. | Healthcare | Futures | -0.05% |
| Cipla Ltd. | Healthcare | Futures | -0.05% |
| Tata Consultancy Services Ltd. | Technology | Futures | -0.06% |
| United Spirits Ltd. | Consumer Staples | Futures | -0.07% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Futures | -0.08% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Futures | -0.09% |
| The Indian Hotels Company Ltd. | Services | Futures | -0.09% |
| UPL Ltd. | Chemicals | Futures | -0.10% |
| GMR Airports Ltd. | Construction | Futures | -0.10% |
| Laurus Labs Ltd. | Healthcare | Futures | -0.11% |
| Ultratech Cement Ltd. | Construction | Futures | -0.14% |
| Polycab India Ltd. | Capital Goods | Futures | -0.16% |
| Jindal Steel Ltd. | Metals & Mining | Futures | -0.17% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | Futures | -0.17% |
| PG Electroplast Ltd. | Capital Goods | Futures | -0.18% |
| Samvardhana Motherson International Ltd. | Automobile | Futures | -0.18% |
| Ambuja Cements Ltd. | Construction | Futures | -0.19% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | Futures | -0.19% |
| Titan Company Ltd. | Consumer Discretionary | Futures | -0.20% |
| Max Financial Services Ltd. | Financial | Futures | -0.21% |
| Lodha Developers Ltd. | Construction | Futures | -0.24% |
| Indus Towers Ltd. | Communication | Futures | -0.26% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Futures | -0.28% |
| Petronet LNG Ltd. | Energy | Futures | -0.31% |
| IDFC First Bank Ltd. | Financial | Futures | -0.33% |
| Aditya Birla Capital Ltd. | Financial | Futures | -0.34% |
| LIC Housing Finance Ltd. | Financial | Futures | -0.34% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Futures | -0.35% |
| Steel Authority Of India Ltd. | Metals & Mining | Futures | -0.38% |
| Grasim Industries Ltd. | Construction | Futures | -0.43% |
| PNB Housing Finance Ltd. | Financial | Futures | -0.44% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Futures | -0.44% |
| Tata Power Company Ltd. | Energy | Futures | -0.45% |
| Dixon Technologies (India) Ltd. | Capital Goods | Futures | -0.47% |
| Britannia Industries Ltd. | Consumer Staples | Futures | -0.49% |
| NMDC Ltd. | Metals & Mining | Futures | -0.54% |
| Godrej Properties Ltd. | Construction | Futures | -0.54% |
| Bank Of Baroda | Financial | Futures | -0.56% |
| Biocon Ltd. | Healthcare | Futures | -0.59% |
| Bajaj Finance Ltd. | Financial | Futures | -0.60% |
| Divi's Laboratories Ltd. | Healthcare | Futures | -0.61% |
| Punjab National Bank | Financial | Futures | -0.62% |
| JIO Financial Services Ltd. | Financial | Futures | -0.62% |
| Varun Beverages Ltd. | Consumer Staples | Futures | -0.68% |
| Adani Energy Solutions Ltd. | Energy | Futures | -0.69% |
| Vedanta Ltd. | Metals & Mining | Futures | -0.73% |
| Trent Ltd. | Services | Futures | -0.81% |
| Maruti Suzuki India Ltd. | Automobile | Futures | -0.82% |
| Hindalco Industries Ltd. | Metals & Mining | Futures | -1.00% |
| Mahindra & Mahindra Ltd. | Automobile | Futures | -1.01% |
| JSW Steel Ltd. | Metals & Mining | Futures | -1.18% |
| Max Healthcare Institute Ltd. | Healthcare | Futures | -1.21% |
| DLF Ltd. | Construction | Futures | -1.26% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Futures | -1.29% |
| Patanjali Foods Ltd. | Consumer Staples | Futures | -1.51% |
| Sammaan Capital Ltd. | Financial | Futures | -1.52% |
| Adani Ports and Special Economic Zone Ltd. | Services | Futures | -1.53% |
| Bandhan Bank Ltd. | Financial | Futures | -1.57% |
| State Bank of India | Financial | Futures | -1.79% |
| Vodafone Idea Ltd. | Communication | Futures | -2.00% |
| Yes Bank Ltd. | Financial | Futures | -2.24% |
| Marico Ltd. | Consumer Staples | Futures | -2.27% |
| Bharti Airtel Ltd. | Communication | Futures | -2.37% |
| Larsen & Toubro Ltd. | Construction | Futures | -2.40% |
| Eternal Ltd. | Services | Futures | -2.72% |
| RBL Bank Ltd. | Financial | Futures | -2.93% |
| Tata Steel Ltd. | Metals & Mining | Futures | -2.94% |
| Axis Bank Ltd. | Financial | Futures | -3.13% |
| Kotak Mahindra Bank Ltd. | Financial | Futures | -3.64% |
| Reliance Industries Ltd. | Energy | Futures | -3.65% |
| Multi Commodity Exchange Of India Ltd. | Services | Futures | -3.87% |
| ICICI Bank Ltd. | Financial | Futures | -4.31% |
| HDFC Bank Ltd. | Financial | Futures | -5.05% |
See All
Minimum investments
Min. for 1st investment
Not Supported
Min. for 2nd investment
Not Supported
Min. for SIP
Not Supported
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +6.5% | +5.4% | +5.2% | +6.4% |
| Category average (Hybrid Arbitrage) | +6.8% | +5.6% | +5.7% | -- |
| Rank (Hybrid Arbitrage) | 22 | 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) | |
|---|---|---|---|---|
Kotak Arbitrage Fund Growth | +6.26% | +7.19% | 72,153.44 | |
SBI Arbitrage Opportunities Fund Growth | +6.37% | +7.12% | 41,713.82 | |
UTI Arbitrage Fund Plan Growth | +6.40% | +7.11% | 10,464.65 | |
Invesco India Arbitrage Fund Growth | +6.31% | +7.09% | 27,399.88 | |
ICICI Prudential Equity Arbitrage Growth | +6.27% | +7.03% | 32,976.02 | |
| 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 Growth
JM Arbitrage Fund 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 Growth fund. The fund currently has an Asset Under Management(AUM) of ₹13,356 Cr and the Latest NAV as of 09 Feb 2026 is ₹33.72.
The JM Arbitrage Fund Growth is rated Low risk. Minimum SIP Investment is set to ₹100. 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₹13,356.38 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,