JM Arbitrage Fund (Regular) - Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Over 20 years of operational history across different market cycles.
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +0.78% | +0.72% | +0.06% |
| 3 Months | +1.53% | +1.49% | +0.04% |
| 6 Months | +3.01% | +3.04% | -0.03% |
| 1 Year | +5.98% | +6.13% | -0.15% |
| 3 Years CAGR | +6.27% | +6.54% | -0.27% |
| 5 Years CAGR | +5.81% | +6.08% | -0.27% |
| 7 Years CAGR | +4.92% | +5.49% | -0.57% |
| 10 Years CAGR | +5.06% | +5.69% | -0.63% |
| Since Inception | +6.37% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in JM Arbitrage Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +5.02% | +5.16% | -0.14% |
| 2025 | +5.90% | +6.23% | -0.33% |
| 2024 | +7.20% | +7.46% | -0.26% |
| 2023 | +6.64% | +7.05% | -0.41% |
| 2022 | +3.96% | +4.06% | -0.10% |
| 2021 | +2.75% | +3.55% | -0.80% |
| 2020 | +2.56% | +4.08% | -1.52% |
| 2019 | +5.32% | +6.07% | -0.75% |
| 2018 | +5.41% | +6.06% | -0.65% |
| 2017 | +5.12% | +5.58% | -0.46% |
| 2016 | +6.83% | +6.64% | +0.19% |
| 2015 | +7.23% | +7.60% | -0.37% |
| 2014 | +8.40% | +8.34% | +0.06% |
| 2013 | +9.15% | +9.15% | 0.00% |
| 2012 | +9.46% | +9.12% | +0.34% |
| 2011 | +7.76% | +7.70% | +0.06% |
| 2010 | +5.55% | +5.56% | -0.01% |
| 2009 | +4.52% | +4.59% | -0.07% |
| 2008 | +9.02% | +9.02% | 0.00% |
| 2007 | +8.95% | +8.89% | +0.06% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | +1.63% | +6.36% | +6.44% | +10.52% | 100.0% | - |
| 3-Year Rolling | +2.86% | +6.25% | +6.26% | +9.24% | 100.0% | - |
| 5-Year Rolling | +3.90% | +6.22% | +6.42% | +8.58% | 100.0% | - |
Risk Profile & Deepest Drawdowns
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related instruments including Equity Derivatives including stock futures and stock options# | 65%-100%, Certificate of deposits (CDs) / Government securities with maturity upto 1 year (including Repo on G-sec/ TREPS) / Units of Liquid Fund (including Liquid ETFs) / Money Market Fund / Overnight Fund or Schemes having Macaulay Duration of less than 1 year - 0%-35%, ETCDs / Units of Mutual Fund (including Gold ETF & Silver ETF)^ - 0% to 35% #The notional value exposure in derivatives securities would be reckoned for the purposes of the specified limits. ^Any other such security as may be permitted by SEBI/ RBI from time to time. |
Investment Objective & Strategy
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
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 418 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Arbitrage schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Arbitrage Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| PGIM India Arbitrage Fund | 3.7 | +6.35% | 1.91% | - | Rs 109 cr | Compare → |
| Bajaj Finserv Arbitrage Fund | 4.1 | +6.27% | 1.97% | - | Rs 1,352 cr | Compare → |
| BARODA BNP PARIBAS ARBITRAGE FUND | 4.2 | +6.36% | 2.23% | - | Rs 1,014 cr | Compare → |
| BANK OF INDIA Arbitrage Fund | 2.0 | +6.26% | 2.85% | - | Rs 129 cr | Compare → |
| LIC MF Arbitrage Fund | 4.5 | +6.41% | 1.62% | - | Rs 300 cr | Compare → |
Frequently Asked Questions about JM Arbitrage Fund
What is the expense ratio of JM Arbitrage Fund?
JM Arbitrage Fund has a total expense ratio (TER) of 2.11% with a base expense ratio of 0.91%, compared to the Arbitrage category median of 2.12%.
Who manages JM Arbitrage Fund?
JM Arbitrage Fund is managed by Asit Bhandarkar (tenure: 12.3 years since 2014-07-18).
What are the historical returns of JM Arbitrage Fund?
JM Arbitrage Fund delivered a 3-year CAGR of 6.27% and a 5-year CAGR of 5.81%. Its 1-year return stands at +5.98%.
How large is JM Arbitrage Fund?
JM Arbitrage Fund manages assets of Rs 418 cr, placing it in the 'comfortable' size band relative to Arbitrage peers.
How is JM Arbitrage Fund scored on MFIQ?
JM Arbitrage Fund holds an MFIQ Score of 2.6/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is JM Arbitrage Fund?
JM Arbitrage Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 1.16% with a maximum historical drawdown of -2.60%.