JM Arbitrage Fund (Direct) - Growth Option
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 31 as on 01-12-2023
Fund Performance
1 people have invested ₹ 2K in JM Arbitrage Fund (Direct) - Growth Option in the last three months
Mutual Fund Insights
In the last 5 years, Edelweiss Arbitrage Fund Direct Growth has given 5.89% return, outperforming this fund by 1.19% per annum.
Over the last 6 months, this fund has experienced a 28.1% growth in AUM moving from 92.72 Cr to 118.79 Cr.
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.72%.
In the last 1 year, Invesco India Arbitrage Fund Direct Plan Growth Option has given 8.17% return, outperforming this fund by 0.71%.
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 5.93% return, outperforming this fund by 1.01% per annum.
About the JM Arbitrage Fund (Direct) - Growth Option
JM Arbitrage Fund (Direct) - Growth Option 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
- JM Arbitrage Fund (Direct) - Growth Option has ₹119 Cr worth of assets under management (AUM) as on Oct 2023 and is less than category average.
- The fund has an expense ratio 0.3.
JM Arbitrage Fund (Direct) - Growth Option Overview
 | 0.34% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹119 Cr |
 | 1 January, 2013 |
 | ₹1000/₹100 |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 1626.12% |
JM Arbitrage Fund (Direct) - Growth Option Distribution as on (31-Oct-23)
Credit rating breakup
AAA
59.9%
AA
40.1%
Sector Allocation
Cash Equivalent
91.4%
Corporate
6.9%
Government
1.7%
Top Holdings of JM Arbitrage Fund (Direct) - Growth Option as on (30-Nov-23)
Equity Holdings44
Debt Holdings9
JM Arbitrage Fund (Direct) - Growth Option: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 118.8 Cr as of Oct'23
- AUM decreased by 5.4 Cr between Oct'23 and Sep'23
Fund Portfolio Changes
Peer Analysis
JM Arbitrage Fund (Direct) - Growth Option Fund Manager
Asit Bhandarkar
Fund Manager of JM Arbitrage Fund (Direct) - Growth Option, since 1 August 2014
Top funds managed
Gurvinder Wasan
Fund Manager of JM Arbitrage Fund (Direct) - Growth Option, since 1 December 2022
Top funds managed
JM Arbitrage Fund (Direct) - Growth Option Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 6.26% since inception which is more than its category average return of 4.98%
AUM size ₹119 Cr
This fund has AUM of ₹119 Cr which is less than its category average of ₹ 4293 Cr
Expense Ratio 0.34%
This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of JM Arbitrage Fund (Direct) - Growth Option is ₹31 as on 01-Dec-2023.
Existing (Absolute + CAGR) as on 01-Dec-2023.
JM Arbitrage Fund (Direct) - Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.43% | 0.43% |
6 Month Returns | 3.72% | 3.72% |
1 Year Returns | 7.45% | 7.45% |
3 Years Returns | 15.51% | 4.92% |
5 Years Returns | 25.8% | 4.7% |
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.
0.34% as on November 2023
₹119 Cr as on November 2023
JM Liquid Dir Gr(10.87%), HDFC Bank Ltd(8.96%), Vodafone Idea Ltd(8.14%), Reliance Industries Ltd(6.5%), LIC Housing Finance Ltd(5.49%) as on November 2023
Cash Equivalent(91.41%), Corporate(6.86%), Government(1.73%) as on November 2023
AAA | 59.89 |
AA | 40.11 |
Asit Bhandarkar, Gurvinder Wasan are the fund managers of JM Arbitrage Fund (Direct) - Growth Option
The Exit load of JM Arbitrage Fund (Direct) - Growth Option is 0.5%