Fund Details
JM Arbitrage Fund IDCW Half Yearly
| Risk | Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.04% |
| NAV | ₹11.66 (15 Jun 2021) |
|---|---|
| Fund Started | 27 Jul 2015 |
| Fund Size | ₹54 Cr |
Returns
Comparison
1. Age is more than 5 years
1. Asset under management(AUM) is less than 200 Crs. Watch expense ratio when AUM is very low
2. 1Y Returns are lower than the category average returns
3. 3Y Returns are lower than the category average returns
4. 5Y Returns are lower than the category average returns
5. 10Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Tata Steel Ltd. | Metals | Equity | 10.1% |
| Bharti Airtel Ltd. | Communication | Equity | 9.8% |
| Reserve Bank of India | Financial | T-Bills | 9.2% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 8.5% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 8.0% |
| Larsen & Toubro Ltd. | Construction | Equity | 6.4% |
| NMDC Ltd. | Metals | Equity | 5.8% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 3.7% |
| Axis Bank Ltd. | Financial | Equity | 3.7% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 3.2% |
Fund Managers
JM Arbitrage Fund IDCW Half Yearly Details
JM Arbitrage Fund IDCW Half Yearly is a Hybrid Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 27 Jul 2015. Sanjay Kumar Chhabaria, Asit Bhandarkar, Chaitanya Choksi is the Current Fund Manager of JM Arbitrage Fund IDCW Half Yearly fund.The fund currently has an Asset Under Management(AUM) of ₹54 Cr and the Latest NAV as of 15 Jun 2021 is ₹11.66.
The JM Arbitrage Fund IDCW Half Yearly 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.
