JM Arbitrage Fund Direct Growth

Hybrid
Direct
Arbitrage Fund
JM Arbitrage Fund Direct Growth

About the Fund

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

Key Parameters

  1. JM Arbitrage Fund Direct Growth 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 Growth has given a CAGR return of 6.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.26%, 5.93% and 4.99% respectively.

Holdings

JM Arbitrage Fund Direct Growth 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 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.

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 5.7L in JM Arbitrage Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.37%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹150 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
538.14%
Risk
Risk meter
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Low Risk

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

Asit Bhandarkar
Asit Bhandarkar
Fund Manager of JM Arbitrage Fund Direct Growth, since 1 August 2014
Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Arbitrage Fund Direct Growth, since 1 December 2022

Mutual Fund Insights

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In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.88% return, outperforming this fund by 0.59%.
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In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.16% return, outperforming this fund by 1.19% per annum.
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Over the last 3 months, this fund has experienced a 37.2% growth in AUM moving from 109.58 Cr to 150.35 Cr.
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This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.7%.
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In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.71% return, outperforming this fund by 0.79% 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 6.37% 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 Growth is ₹32.42 as on 20-Jun-2024.
Existing (Absolute + CAGR) as on 20-Jun-2024.
JM Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.77%
0.77%
6 Month Returns
4.22%
4.22%
1 Year Returns
8.26%
8.26%
3 Years Returns
18.86%
5.93%
5 Years Returns
27.59%
4.99%
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
Asit Bhandarkar, Gurvinder Wasan are the fund managers of JM Arbitrage Fund Direct Growth
The Exit load of JM Arbitrage Fund Direct Growth is 0.5%