JM Arbitrage Fund
The scheme aims to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
Growthvine rating: 2/5 — ranked #27 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹34.73 (as of 2026-08-21) |
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| AUM | ₹383 Cr |
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| Expense ratio | 0.91% |
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| Riskometer | Low |
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| Fund manager | Asit Bhandarkar |
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| Exit load | 0.5% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 5.71% |
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| Sharpe ratio | 0.96 |
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| Standard deviation | 0.51% |
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| Max drawdown | -2.60% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 25.6% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -25.1% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
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| Top 10 holdings | 0.0% |
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| Total holdings | 105 |
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Top holdings
- Net Receivables/Payables (FnO) — 78.8%
- CCIL — 7.7%
- JM Financial Mutual Fund — 6.0%
- HDFC Bank Ltd. — 4.6%
- Kotak Mahindra Bank Ltd. — 4.2%
- ICICI Bank Ltd. — 4.0%
- Reliance Industries Ltd — 3.6%
- Eternal Limited — 3.3%
- VODAFONE IDEA LIMITED — 3.0%
- TATA STEEL LIMITED — 2.7%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.7% | Q4 (Bottom) | #29 of 35 |
| 2025 | 5.9% | Q4 (Bottom) | #28 of 31 |
| 2024 | 7.2% | Q3 | #20 of 27 |
| 2023 | 6.6% | Q4 (Bottom) | #21 of 25 |
| 2022 | 4.0% | Q3 | #16 of 21 |