JM Arbitrage Fund Direct Growth

JM Arbitrage Fund Direct Growth

Hybrid

Direct

Arbitrage Fund

NAV as on 06-12-2024

₹ 33.5

-0.1%

1D

Inception Returns

6.4%

/yr

About JM Arbitrage Fund Direct Growth

JM Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar. This fund gives you the benefit of diversification.

Key Parameters

  1. JM Arbitrage Fund Direct Growth has ₹184 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

JM Arbitrage Fund Direct Growth has given a CAGR return of 6.40% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.87%, 6.55% and 5.14% respectively.

Holdings

JM Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Industrial, Utilities, Energy, Consumer Cyclical, Communication, Consumer Defensive, Tech, Real Estate, Basic Materials, Government.

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 Growth

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 Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
6 people have invested ₹ 30.7K in JM Arbitrage Fund Direct Growth in the last three months

JM Arbitrage Fund Direct Growth Overview

Expense ratio0.4%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹184 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
541.36%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Low Risk

Trailing Returns

as on (06-Dec-24)

Period
JM Arbitrage Fund Direct Growth
Arbitrage Fund Index
1M
0.6%
0.5%
3M
1.7%
1.4%
6M
3.6%
3.3%
1Y
7.9%
7.4%
3Y
6.5%
6.2%
5Y
5.1%
5.2%

Fund Distribution

as on (31-Oct-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
94.6%
Government
3%
Corporate
2.5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 182.5 Cr
₹ 182.5 Cr
₹ 179.9 Cr
  • AUM of the fund stands at 182.5 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Industrial & Health

Oct'24
Financial Services
32%
Energy
11%
Health
11%
Sep'24
Financial Services
35%
Industrial
14%
Health
12%
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Asit Bhandarkar
Asit Bhandarkar
Fund Manager of JM Arbitrage Fund Direct Growth, since 18 July 2014
Fund House
JM Financial Asset Management Limited
Total AUM
₹36.23K Cr
as on 31-Oct-2024
Address
JM Financial Asset Management Private Limited,502, 5th Floor, A - Wing,,Laxmi Towers, Bandra-Kurla Complex,,Bandra-East
Phone
+912261987777
Website
investor@jmfl.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 22.6% growth in AUM moving from 150.35 Cr to 184.36 Cr.
Insights icon
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.23% return, outperforming this fund by 1.09% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (arbitrage fund). Its expense ratio is 0.4% which is lower than the category average expense ratio of 0.69%.
Insights icon
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.48% return, outperforming this fund by 0.61%.
Insights icon
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 7.31% return, outperforming this fund by 0.77% per annum.

JM Arbitrage Fund Direct Growth 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 6.4% since inception which is more than its category average return of 5.27%
AUM size ₹184 Cr

AUM size ₹184 Cr

This fund has AUM of ₹184 Cr which is less than its category average of ₹ 7515 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.7%

Frequently Asked Questions for JM Arbitrage Fund Direct Growth

The current NAV of JM Arbitrage Fund Direct Growth is ₹33.5 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
JM Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.58%
0.58%
6 Month Returns
3.57%
3.57%
1 Year Returns
7.87%
7.87%
3 Years Returns
20.95%
6.55%
5 Years Returns
28.48%
5.14%
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.
0.4% as on November 2024
₹184 Cr as on November 2024
JM Liquid Dir Gr(7.14%), Indus Towers Ltd Ordinary Shares(3.33%), Bharat Electronics Ltd(3.17%), Indian Energy Exchange Ltd(3.15%), Tata Power Co Ltd(3.03%) as on November 2024
Cash Equivalent(98.79%), Government(1.21%), Communication(0%) as on November 2024
AAA
100
Asit Bhandarkar is the fund manager of JM Arbitrage Fund Direct Growth
The Exit load of JM Arbitrage Fund Direct Growth is 0.5%