JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal

Hybrid
Direct
Arbitrage Fund
JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal

About the Fund

JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal is a hybrid fund. This fund was started on 27 July, 2015. The fund is managed by Gurvinder Wasan, Asit Bhandarkar. This fund gives you the benefit of diversification.

Key Parameters

  1. JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal has ₹150 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal has given a CAGR return of 5.62% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.28%, 5.98% and 4.98% respectively.

Holdings

JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Energy, Industrial, Basic Materials, Government, Consumer Cyclical, Tech, Consumer Defensive, Real Estate, Corporate, Communication, Utilities.

Taxation

As it is a arbitrage fund mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal

The investment objective of the Scheme is to generate income through arbitrage opportunities emerging out of mispricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. There can be no assurance that the investment objective of the scheme will be realized. The scheme does not guarantee/ indicate any returns. Investors are required to read all the scheme related information set out in this document carefully

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.37%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹150 Cr
Inception Date
Inception Date
27 July, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹100
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
538.14%

Fund Distribution
as on (31-May-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
89.1%
Government
8.2%
Corporate
2.7%
All changes are between Oct'69 and Dec'69

Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal, since 1 December 2022
Asit Bhandarkar
Asit Bhandarkar
Fund Manager of JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal, since 1 August 2014

JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.62% since inception which is more than its category average return of 5.26%
AUM size ₹150 Cr

AUM size ₹150 Cr

This fund has AUM of ₹150 Cr which is less than its category average of ₹ 6913 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.71%

Frequently Asked Questions

The current NAV of JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal is ₹14.75 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
0.91%
0.91%
6 Month Returns
4.51%
4.51%
1 Year Returns
8.28%
8.28%
3 Years Returns
19.04%
5.98%
5 Years Returns
27.48%
4.98%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.37% as on May 2024
₹150 Cr as on May 2024
JM Liquid Dir Gr(8.51%), HDFC Bank Ltd(6.55%), Reliance Industries Ltd(4.66%), Bank of Baroda(4.17%), Glenmark Pharmaceuticals Ltd(3.08%) as on May 2024
Cash Equivalent(89.09%), Government(8.16%), Corporate(2.74%) as on May 2024
AAA
100
Gurvinder Wasan, Asit Bhandarkar are the fund managers of JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal
The Exit load of JM Arbitrage Fund (Direct) Annual Payout of Income Distribution cum capital withdrawal is 0.5%