|Min SIP Amount||Not Supported|
|NAV||₹10.15 (02 Dec 2020)|
|Fund Started||27 Jul 2015|
|Fund Size||₹108 Cr|
|Reserve Bank of India||Financial||T-Bills||16.2%|
|Reliance Industries Ltd.||Energy||Equity||9.6%|
|Bharti Airtel Ltd.||Communication||Equity||7.2%|
|HDFC Bank Ltd.||Financial||Fixed Deposits||5.6%|
|HCL Technologies Ltd.||Technology||Equity||5.3%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||5.2%|
|HDFC Life Insurance Co Ltd.||Financial||Equity||4.7%|
|Tata Consumer Products Ltd.||FMCG||Equity||4.7%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||4.5%|
|Adani Enterprises Ltd.||Services||Equity||4.3%|
JM Arbitrage Fund Dividend Monthly 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 Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹108 Cr and the Latest NAV as of 02 Dec 2020 is ₹10.15.
The JM Arbitrage Fund Dividend Monthly is rated Moderately Low risk. Minimum SIP Investment is set to 500. 0.50% for redemption within 30 days
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.
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.