JM Arbitrage Fund

Hybrid

JM Financial Mutual Fund

Arbitrage Fund

Get the latest NAV of JM Arbitrage Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹36.39

▲0.1%1D

NAV as on 25 Mar 2026

6.43%/per year

Since Inception

Absolute Gain%

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17 people have invested ₹ 45.8L in JM Arbitrage Fund in the last three months

JM Arbitrage Fund Performance vs. Arbitrage Fund Index

Fund returns vs Benchmark returns vs Category Average returns as on (25-Mar-26)

The fund has consistently outperformed the benchmark (Arbitrage Fund Index) over the last 1Y, 3Y, 5Y time periods.

Period	1M	3M	6M	1Y	3Y	5Y
This Fund	0.53%	1.66%	3.37%	6.53%	7.25%	6.17%
Arbitrage Fund Index	0.42%	1.51%	3.01%	6.07%	6.46%	5.6%
Arbitrage Fund Avg	0.4%	1.53%	3.14%	6.26%	6.92%	5.97%
Best in Arbitrage Fund	0.68%	2%	3.95%	7.52%	7.79%	6.86%
Worst in Arbitrage Fund	0.42%	1.32%	2.68%	5.41%	6.57%	5.62%

Peer comparison

Fund Name	INDmoney Rank	AUM (in Crs.)	Expense Ratio	1Y Returns	3Y Returns	3Y Alpha	3Y Beta	3Y Sharpe	3Y Sortino	3Y Info Ratio
JM Arbitrage Fund	-	355Cr	0.41%	6.53%	7.25%	--	--	1.90	4.24	--
Edelweiss Arbitrage Fund	1/16	15,452Cr	0.39%	6.88%	7.74%	0.70	0.35	3.31	12.29	0.04
HSBC Arbitrage Fund	2/16	2,433Cr	0.29%	6.8%	7.52%	--	--	3.01	10.47	--
Axis Arbitrage Fund	3/16	9,212Cr	0.33%	6.94%	7.62%	--	--	3.13	9.72	--

See all

JM Arbitrage Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

₹1L

₹10L

1-time
SIP

Total Investment

Profit

Total Corpus

Absolute Return

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JM Arbitrage Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

AAA

93.6%

6.4%

JM Arbitrage Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Cash Equivalent

73.3%

Government

19.1%

Corporate

7.6%

Top 3 Sectors in February were Financial Services, Basic Materials & Consumer Cyclical

Feb'26

Financial Services

43%

Consumer Cyclical

13%

Basic Materials

12%

Jan'26

Financial Services

46%

Basic Materials

10%

Consumer Cyclical

10%

JM Arbitrage Fund Holdings Details

as on (28-Feb-26)

Holdings	Weight%	1M Change
HDFC Bank Ltd	5.48%	7.8%
ICICI Bank Ltd	4.7%	1.8%
Eternal Ltd	3.98%	53.9%
Kotak Mahindra Bank Ltd	3.9%	0%
Multi Commodity Exchange of India Ltd	3.7%	-6.5%

See all

Top Stocks bought last month

Punjab National Bank's allocation increased from 0.07% to 0.27%

Top Stocks sold last month

Axis Bank Ltd's allocation decreased from 5.26 % to 3.51 %

Shriram Finance Limited's allocation decreased from 4.09 % to 1.37 %

Canara Bank's allocation decreased from 1.44 % to 0.49 %

JM Arbitrage Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio	0.41%
Benchmark	NIFTY 50 Arbitrage TR INR
AUM	₹355 Cr
Inception Date	1 January, 2013
Min Lumpsum/SIP	₹1,000/₹100
Exit Load	0.5%
Lock In	No Lock-in
TurnOver	267.34%
Risk	Low Risk

About JM Arbitrage Fund

JM Arbitrage Fund is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Satish Ramanathan, Ruchi Fozdar, Asit Bhandarkar, Deepak Gupta. This fund gives you the benefit of diversification.

Key Parameters

JM Arbitrage Fund has ₹355 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
The fund has an expense ratio 0.4.

Returns

JM Arbitrage Fund has given a CAGR return of 6.43% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.53%, 7.25% and 6.17% respectively.

Holdings

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

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of JM Arbitrage Fund

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 has no lock in period.

Fund Manager

Satish Ramanathan

Fund Manager of JM Arbitrage Fund, since 1 October 2024

Ruchi Fozdar

Fund Manager of JM Arbitrage Fund, since 4 October 2024

Asit Bhandarkar

Fund Manager of JM Arbitrage Fund, since 18 July 2014

Deepak Gupta

Fund Manager of JM Arbitrage Fund, since 11 April 2025

Learn more about JM Financial Mutual Fund

Parameters	Feb'26	Jan'26	Dec'25
AUM	₹ 355.4 Cr	₹ 376.2 Cr	₹ 373.2 Cr

AUM of the fund stands at 355.4 Cr as of Feb'26
AUM decreased by 20.8 Cr between Feb'26 and Jan'26

Frequently Asked Questions for JM Arbitrage Fund

How do I invest in JM Arbitrage Fund?

INDmoney makes it simple to invest in the JM Arbitrage Fund. To do so, follow the steps below:

Download the INDmoney app.
Search for ‘JM Arbitrage Fund’.
Select whether you want to invest in SIP or lump sum.
Enter the amount you wish to invest.
Set up payments via bank mandate or UPI.

What is the current NAV of JM Arbitrage Fund?

The NAV of the fund today is ₹36.39. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

JM Arbitrage Fund fund has generated a return of 6.53% in 1 year, 7.25% in 3 years, 6.17% in 5 years.

Who is the fund manager of JM Arbitrage Fund?

The fund managers are Satish Ramanathan, Ruchi Fozdar, Asit Bhandarkar, Deepak Gupta.

What is the exit load of the fund?

The exit load is 0.5% if redeemed in 0-30 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.41%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹355 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of JM Arbitrage Fund?

The top 3 holdings of the fund are Birla Group Holdings Private Limited(7.02%), HDFC Bank Ltd(5.48%), ICICI Bank Ltd(4.7%)