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JM Arbitrage Fund
Direct plan · Quarterly Bonus · JM Financial Mutual Fund
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AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity77.15%
- Debt7.25%
- Cash7.79%
- Other7.81%
Market Cap Split
- Large Cap57.74%
- Mid Cap13.01%
- Small Cap6.40%
- Others22.85%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 24.30 | 22.11 |
| P/B | 2.55 | 2.49 |
| Price / Sales | 2.94 | 2.71 |
| Dividend Yield (%) | 0.83 | 1.13 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| JM Financial Mutual Fund | Others | 7.82% | +1.29% |
| The Clearing Corporation of India Ltd. 01-OCT-2026 | Net Current Assets | 7.36% | — |
| ICICI Bank | Banks | 4.54% | +1.16% |
| Reliance Industries | Petroleum Products | 4.13% | +0.99% |
| Axis Bank | Banks | 3.89% | +0.94% |
| Vodafone Idea | Telecom - Services | 3.40% | +0.68% |
| Tata Steel | Ferrous Metals | 3.27% | +0.54% |
| Kotak Bank | Banks | 2.94% | -0.71% |
| State Bank of India | Banks | 2.60% | +0.59% |
| Indus Towers | Telecom - Services | 1.97% | +0.52% |
| Adani Enterprises | Metals & Minerals Trading | 1.92% | +0.58% |
| Bandhan Bank | Banks | 1.90% | +0.75% |
| Eicher Motors | Automobiles | 1.76% | -0.28% |
| Bharat Heavy Electricals | Electrical Equipment | 1.76% | +0.19% |
| IDFC First Bank | Banks | 1.73% | +0.21% |
View all 115 holdings
| Varun Beverages | Beverages | 1.65% | +0.57% |
| Yes Bank | Banks | 1.55% | +0.05% |
| 364TB61126 | Money Market | 1.46% | +0.43% |
| 182T191126 | Money Market | 1.46% | +0.44% |
| 364TB31126 | Money Market | 1.45% | +0.43% |
| 364TB15127 | Money Market | 1.44% | +0.42% |
| 182T210127 | Money Market | 1.44% | +0.43% |
| Power Finance Corporation | Finance | 1.39% | +0.38% |
| NMDC | Minerals & Mining | 1.37% | +0.21% |
| Bajaj Finance | Finance | 1.33% | -0.36% |
| Bank of Baroda | Banks | 1.29% | +0.44% |
| Maruti Suzuki | Automobiles | 1.28% | +0.17% |
| Steel Authority of India | Ferrous Metals | 1.18% | +0.29% |
| Crompton Greaves | Consumer Durables | 1.12% | +0.22% |
| Adani Energy Solutions | Power | 1.09% | +0.26% |
| Asian Paints | Consumer Durables | 1.09% | +0.24% |
| LIC of India | Insurance | 1.02% | +0.26% |
| Godrej Properties | Realty | 0.98% | +0.13% |
| Adani Ports & SEZ | Transport Infrastructure | 0.95% | -0.57% |
| LIC Housing Finance | Finance | 0.95% | +0.27% |
| Indian Hotels Company | Leisure Services | 0.94% | +0.27% |
| NBCC | Construction | 0.93% | +0.21% |
| Canara Bank | Banks | 0.88% | +0.19% |
| Jio Financial Services | Finance | 0.87% | +0.15% |
| Bharti Airtel | Telecom - Services | 0.81% | -1.74% |
| Bajaj Finserv | Finance | 0.81% | +0.14% |
| Mahindra & Mahindra | Automobiles | 0.80% | -0.40% |
| Federal Bank | Banks | 0.79% | +0.16% |
| ITC | Diversified FMCG | 0.79% | -0.13% |
| Larsen & Toubro | Construction | 0.77% | -1.05% |
| Adani Power | Power | 0.77% | +0.25% |
| HDFC Bank | Banks | 0.70% | -2.95% |
| JSW Steel | Ferrous Metals | 0.67% | -0.45% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 0.63% | -0.38% |
| Hitachi Energy | Electrical Equipment | 0.63% | +0.14% |
| Manappuram Finance | Finance | 0.56% | +0.14% |
| Interglobe Aviation | Transport Services | 0.55% | +0.03% |
| Biocon | Pharmaceuticals & Biotechnology | 0.54% | -0.16% |
| United Spirits | Beverages | 0.48% | +0.08% |
| Ambuja Cements | Cement & Cement Products | 0.47% | +0.11% |
| Lupin | Pharmaceuticals & Biotechnology | 0.46% | +0.11% |
| Net Receivable/Payable | Net Current Assets | 0.43% | — |
| RBL Bank | Banks | 0.41% | +0.03% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.41% | +0.10% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 0.41% | +0.12% |
| Hindustan Unilever | Diversified FMCG | 0.38% | -0.42% |
| Indian Energy Exchange | Capital Markets | 0.34% | +0.07% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.32% | +0.09% |
| Info Edge | Retailing | 0.32% | -0.11% |
| Mankind Pharma | Pharmaceuticals & Biotechnology | 0.31% | +0.10% |
| Tata Consumer Products | Agricultural Food & other Products | 0.31% | +0.01% |
| HDFC AMC | Capital Markets | 0.28% | -0.18% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 0.27% | -0.29% |
| NTPC | Power | 0.27% | -0.17% |
| Punjab National Bank | Banks | 0.27% | -0.49% |
| Shriram Finance | Finance | 0.24% | -0.37% |
| UPL | Fertilizers & Agrochemicals | 0.24% | +0.03% |
| TVS Motors | Automobiles | 0.23% | -0.18% |
| JSW Energy | Power | 0.20% | +0.06% |
| Grasim Industries | Cement & Cement Products | 0.20% | -0.36% |
| HDFC Life Insurance | Insurance | 0.19% | -0.21% |
| Adani Green Energy | Power | 0.18% | -0.15% |
| APL Apollo Tubes | Industrial Products | 0.18% | +0.05% |
| Bharat Petroleum | Petroleum Products | 0.14% | -0.01% |
| Cummins | Industrial Products | 0.14% | +0.03% |
| PNB Housing Finance | Finance | 0.13% | +0.04% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.12% | +0.03% |
| Alkem Laboratories | Pharmaceuticals & Biotechnology | 0.11% | +0.03% |
| Tata Power | Power | 0.11% | -0.08% |
| Hindustan Aeronautics | Aerospace & Defense | 0.10% | -0.30% |
| Bharat Electronics | Aerospace & Defense | 0.10% | +0.03% |
| Hindalco Industries | Non - Ferrous Metals | 0.10% | -0.31% |
| Hindustan Petroleum | Petroleum Products | 0.08% | +0.02% |
| Eternal | Retailing | 0.07% | — |
| Union Bank of India | Banks | 0.07% | +0.02% |
| Kalyan Jewellers | Consumer Durables | 0.07% | +0.02% |
| Cholamandalam Investment | Finance | 0.06% | +0.01% |
| GMR Airports | Transport Infrastructure | 0.06% | -0.12% |
| Indian Oil Corporation | Petroleum Products | 0.06% | +0.02% |
| Bharat Forge | Auto Components | 0.06% | +0.02% |
| SBI Life Insurance | Insurance | 0.06% | +0.02% |
| Indusind Bank | Banks | 0.06% | +0.02% |
| Cipla | Pharmaceuticals & Biotechnology | 0.05% | -0.31% |
| UltraTech Cement | Cement & Cement Products | 0.05% | -0.14% |
| GE Vernova T&D | Electrical Equipment | 0.05% | +0.02% |
| Tube Investment | Auto Components | 0.04% | +0.01% |
| Hindustan Zinc | Non - Ferrous Metals | 0.04% | -0.11% |
| Prestige Estates Projects | Realty | 0.04% | +0.01% |
| DLF | Realty | 0.04% | -0.37% |
| Container Corporation of India | Transport Services | 0.03% | +0.00% |
| CAMS | Capital Markets | 0.03% | +0.00% |
| ICICI Lombard General Insurance | Insurance | 0.03% | -0.02% |
| Apollo Hospitals | Equity | 0.03% | +0.01% |
| AU Small Finance Bank | Banks | 0.03% | -0.38% |
| Dabur India | Personal Products | 0.03% | -0.03% |
| Inox Wind | Electrical Equipment | 0.03% | +0.01% |
| Bank of India | Banks | 0.02% | +0.00% |
| Fortis Healthcare | Equity | 0.02% | +0.01% |
| Coal India | Consumable Fuels | 0.02% | -0.28% |
| Suzlon Energy | Electrical Equipment | 0.01% | +0.00% |
Sector Allocation · Sep 2026
View all 33 sectors
Other funds in Hybrid Scheme - Arbitrage Fund
| Scheme | Plan | NAV |
|---|---|---|
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND | Direct Plan · GROWTH | ₹31.2411 |
| Axis Arbitrage Fund | Direct Plan · Growth Option | ₹22.1094 |
| BANDHAN Arbitrage Fund | Direct Plan · Growth | ₹38.1624 |
| BANK OF INDIA ARBITRAGE FUND | Direct Plan · Growth | ₹15.6227 |
| BARODA BNP PARIBAS ARBITRAGE FUND | Direct Plan · Growth Option | ₹18.4438 |
| Bajaj Finserv Arbitrage Fund | Direct Plan · Growth | ₹12.3700 |
About This Scheme
Investment Objective
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
Stated Asset Allocation
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.
Exit Load
0.5% of NAV on all investment (including SIP/STP/SWP) transactions, if redeemed / switched - out within 30 days of transfer / allotment of units in normal transactions / allotment of units of respective installments in SIP/STP/SWP transactions.
Fund Managers
Mr. Asit Bhandarkar, Mr. Satish Ramanathan, Mr. Deepak Gupta , Ms. Ruchi Fozdar
Fund Manager - Mr. Asit Bhandarkar, Co-Fund Managers - Mr. Satish Ramanathan, Mr. Deepak Gupta , Ms. Ruchi Fozdar (For Debt portion only)
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.