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JM Arbitrage Fund - Direct Plan - Annual IDCW Option

JM Financial Mutual Fund · Arbitrage Fund · Direct · IDCW

NAV · as of 11/09/2026

17.00

1D

-0.22%

1Y

+6.29%

Key stats

Expense ratio
1.47%
AUM
₹391.40 Cr
Launched
27/07/2015
Fund manager
Satish Ramanathan; Asit Bhandarkar; Ruchi Fozdar; Deepak Gupta
Portfolio turnover
10.69%
Risk
Low Risk
Min lump-sum
₹1,000
Min SIP
₹1,000/mo
Fresh lump-sum
Closed
Fresh SIP
Closed

NAV history

JM Arbitrage Fund - Direct Plan - Annual IDCW Option

13/08/2026 to 11/09/2026

O - H - L -

17.0416.9113/08/202611/09/2026
1W+0.23%
1M+0.32%
3M+1.54%
6M+2.87%
1Y+6.29%
3Y+6.96%
5Y+6.35%
MAX+57.67%

Top holdings

235 disclosed
  • 1.

    Cash Offset For Derivatives

    79.38%
  • 2.

    Ccil

    7.67%
  • 3.

    JM Liquid Dir Gr

    5.96%
  • 4.

    Future on HDFC Bank Ltd

    4.58%
  • 5.

    HDFC Bank Ltd

    Financial Services

    4.56%
  • 6.

    Future on Kotak Mahindra Bank Ltd

    4.20%
  • 7.

    Kotak Mahindra Bank Ltd

    Financial Services

    4.19%
  • 8.

    ICICI Bank Ltd

    Financial Services

    4.00%
  • 9.

    Future on ICICI Bank Ltd

    3.99%
  • 10.

    Future on Reliance Industries Ltd

    3.62%
  • 11.

    Reliance Industries Ltd

    Energy

    3.61%
  • 12.

    Eternal Limited 25/08/2026

    3.33%
  • 13.

    Eternal Ltd

    Consumer Cyclical

    3.32%
  • 14.

    Future on Vodafone Idea Ltd

    3.05%
  • 15.

    Vodafone Idea Ltd

    Communication Services

    3.04%
  • 16.

    Future on Tata Steel Ltd

    2.68%
  • 17.

    Tata Steel Ltd

    Basic Materials

    2.67%
  • 18.

    Future on Bharti Airtel Ltd

    2.42%
  • 19.

    Bharti Airtel Ltd

    Communication Services

    2.42%
  • 20.

    Future on Eicher Motors Ltd

    2.33%
  • 21.

    Eicher Motors Ltd

    Consumer Cyclical

    2.32%
  • 22.

    Future on Adani Ports & Special Economic Zone Ltd

    2.01%
  • 23.

    Adani Ports & Special Economic Zone Ltd

    Industrials

    2.00%
  • 24.

    Axis Bank Ltd. - NCD & Bonds - NCD & Bonds

    1.97%
  • 25.

    Axis Bank Ltd

    Financial Services

    1.96%
  • 26.

    Future on Yes Bank Ltd

    1.85%
  • 27.

    Yes Bank Ltd

    Financial Services

    1.85%
  • 28.

    Future on Adani Enterprises Ltd

    1.74%
  • 29.

    Adani Enterprises Ltd

    Energy

    1.73%
  • 30.

    Future on Bharat Heavy Electricals Ltd

    1.65%
  • 31.

    Bharat Heavy Electricals Ltd

    Industrials

    1.64%
  • 32.

    Indus Towers Limited 25/08/2026

    1.54%
  • 33.

    Indus Towers Ltd Ordinary Shares

    Communication Services

    1.53%
  • 34.

    Future on State Bank of India

    1.50%
  • 35.

    State Bank of India

    Financial Services

    1.50%
  • 36.

    Future on Mahindra & Mahindra Ltd

    1.50%
  • 37.

    Mahindra & Mahindra Ltd

    Consumer Cyclical

    1.49%
  • 38.

    NMDC Ltd

    Basic Materials

    1.38%
  • 39.

    Future on NMDC Ltd

    1.38%
  • 40.

    Tbill

    1.28%
  • 41.

    Tbill

    1.27%
  • 42.

    Tbill

    1.26%
  • 43.

    India (Republic of)

    1.26%
  • 44.

    Future on JSW Steel Ltd

    1.26%
  • 45.

    JSW Steel Ltd

    Basic Materials

    1.25%
  • 46.

    Tbill

    1.25%
  • 47.

    India (Republic of)

    1.24%
  • 48.

    Future on Adani Energy Solutions Ltd

    1.22%
  • 49.

    Adani Energy Solutions Ltd

    Utilities

    1.22%
  • 50.

    Future on Varun Beverages Ltd

    1.10%
  • 51.

    Varun Beverages Ltd

    Consumer Defensive

    1.09%
  • 52.

    Future on Bank of Baroda

    1.02%
  • 53.

    Bank of Baroda

    Financial Services

    1.02%
  • 54.

    Future on Larsen & Toubro Ltd

    1.01%
  • 55.

    Larsen & Toubro Ltd

    Industrials

    1.00%
  • 56.

    NBCC India Ltd

    Industrials

    0.98%
  • 57.

    Future on Steel Authority Of India Ltd

    0.96%
  • 58.

    Steel Authority Of India Ltd

    Basic Materials

    0.95%
  • 59.

    Future on IDFC First Bank Ltd

    0.95%
  • 60.

    IDFC First Bank Ltd

    Financial Services

    0.94%
  • 61.

    Future on Punjab National Bank

    0.86%
  • 62.

    Punjab National Bank

    Financial Services

    0.85%
  • 63.

    LIC Housing Finance Ltd

    Financial Services

    0.82%
  • 64.

    Future on LIC Housing Finance Ltd

    0.80%
  • 65.

    Future on Asian Paints Ltd

    0.79%
  • 66.

    Asian Paints Ltd

    Basic Materials

    0.79%
  • 67.

    Future on Max Financial Services Ltd

    0.79%
  • 68.

    Max Financial Services Ltd

    Financial Services

    0.78%
  • 69.

    Future on Canara Bank

    0.78%
  • 70.

    Future on Jio Financial Services Ltd

    0.78%
  • 71.

    Canara Bank

    Financial Services

    0.78%
  • 72.

    Jio Financial Services Ltd

    Financial Services

    0.77%
  • 73.

    Bandhan Bank Ltd

    Financial Services

    0.75%
  • 74.

    Future on Bandhan Bank Ltd

    0.75%
  • 75.

    Maruti Suzuki India Ltd

    Consumer Cyclical

    0.71%
  • 76.

    Future on Maruti Suzuki India Ltd

    0.70%
  • 77.

    Future on Hindustan Unilever Ltd

    0.69%
  • 78.

    Hindustan Unilever Ltd

    Consumer Defensive

    0.69%
  • 79.

    National Building Construction Corp 29/09/2026

    0.68%
  • 80.

    Future on Grasim Industries Ltd

    0.63%
  • 81.

    Grasim Industries Ltd

    Basic Materials

    0.63%
  • 82.

    Future on Indian Hotels Co Ltd

    0.63%
  • 83.

    Indian Hotels Co Ltd

    Consumer Cyclical

    0.62%
  • 84.

    Future on Adani Power Ltd

    0.60%
  • 85.

    Adani Power Ltd

    Utilities

    0.59%
  • 86.

    Future on Hitachi Energy India Ltd Ordinary Shares

    0.58%
  • 87.

    Hitachi Energy India Ltd Ordinary Shares

    Industrials

    0.58%
  • 88.

    Future on Manappuram Finance Ltd

    0.57%
  • 89.

    Manappuram Finance Ltd

    Financial Services

    0.57%
  • 90.

    Future on Ashok Leyland Ltd

    0.55%
  • 91.

    Ashok Leyland Ltd

    Industrials

    0.55%
  • 92.

    Laurus Labs Ltd

    Healthcare

    0.51%
  • 93.

    Future on Laurus Labs Ltd

    0.51%
  • 94.

    Future on Shriram Finance Ltd

    0.51%
  • 95.

    Shriram Finance Ltd

    Financial Services

    0.51%
  • 96.

    Future on Bajaj Finance Ltd

    0.50%
  • 97.

    Bajaj Finance Ltd

    Financial Services

    0.50%
  • 98.

    Future on Info Edge (India) Ltd

    0.50%
  • 99.

    Info Edge (India) Ltd

    Communication Services

    0.50%
  • 100.

    Future on ITC Hotels Ltd

    0.50%
  • 101.

    ITC Ltd

    Consumer Defensive

    0.50%
  • 102.

    Future on Biocon Ltd

    0.49%
  • 103.

    Future on Hindalco Industries Ltd

    0.49%
  • 104.

    Biocon Ltd

    Healthcare

    0.49%
  • 105.

    Hindalco Industries Ltd

    Basic Materials

    0.49%
  • 106.

    Future on United Spirits Ltd

    0.48%
  • 107.

    United Spirits Ltd

    Consumer Defensive

    0.48%
  • 108.

    Future on Adani Green Energy Ltd

    0.47%
  • 109.

    Adani Green Energy Ltd

    Utilities

    0.47%
  • 110.

    RBL Bank Ltd

    Financial Services

    0.46%
  • 111.

    Future on RBL Bank Ltd

    0.46%
  • 112.

    Future on Godrej Properties Ltd

    0.44%
  • 113.

    Godrej Properties Ltd

    Real Estate

    0.44%
  • 114.

    Future on HDFC Life Insurance Co Ltd

    0.43%
  • 115.

    Future on DLF Ltd

    0.43%
  • 116.

    DLF Ltd

    Real Estate

    0.43%
  • 117.

    HDFC Life Insurance Co Ltd

    Financial Services

    0.43%
  • 118.

    Future on AU Small Finance Bank Ltd

    0.40%
  • 119.

    AU Small Finance Bank Ltd

    Financial Services

    0.40%
  • 120.

    Future on Cipla Ltd

    0.40%
  • 121.

    Cipla Ltd

    Healthcare

    0.40%
  • 122.

    Future on Ambuja Cements Ltd

    0.40%
  • 123.

    Ambuja Cements Ltd

    Basic Materials

    0.40%
  • 124.

    Future on Coal India Ltd

    0.39%
  • 125.

    Coal India Ltd

    Energy

    0.39%
  • 126.

    Future on FSN E-Commerce Ventures Ltd

    0.37%
  • 127.

    Future on Crompton Greaves Consumer Electricals Ltd

    0.37%
  • 128.

    FSN E-Commerce Ventures Ltd

    Consumer Cyclical

    0.37%
  • 129.

    Crompton Greaves Consumer Electricals Ltd

    Consumer Cyclical

    0.37%
  • 130.

    Future on Glenmark Pharmaceuticals Ltd

    0.34%
  • 131.

    Glenmark Pharmaceuticals Ltd

    Healthcare

    0.34%
  • 132.

    Titan Company Limited 25/08/2026

    0.33%
  • 133.

    Titan Co Ltd

    Consumer Cyclical

    0.33%
  • 134.

    Future on Indian Energy Exchange Ltd

    0.33%
  • 135.

    Indian Energy Exchange Ltd

    Financial Services

    0.32%
  • 136.

    Net Receivable/Payable

    0.32%
  • 137.

    Future on Divi's Laboratories Ltd

    0.31%
  • 138.

    Future on TVS Motor Co Ltd

    0.31%
  • 139.

    Divi's Laboratories Ltd

    Healthcare

    0.31%
  • 140.

    TVS Motor Co Ltd

    Consumer Cyclical

    0.31%
  • 141.

    National Building Construction Corp 25/08/2026

    0.30%
  • 142.

    Future on Tata Motors Passenger Vehicles Ltd

    0.29%
  • 143.

    Tata Motors Passenger Vehicles Ltd

    Consumer Cyclical

    0.29%
  • 144.

    Future on Muthoot Finance Ltd

    0.29%
  • 145.

    Muthoot Finance Ltd

    Financial Services

    0.28%
  • 146.

    Future on CG Power & Industrial Solutions Ltd

    0.28%
  • 147.

    CG Power & Industrial Solutions Ltd

    Industrials

    0.28%
  • 148.

    Mankind Pharma Ltd

    Healthcare

    0.27%
  • 149.

    Future on Mankind Pharma Ltd

    0.27%
  • 150.

    Future on Patanjali Foods Ltd

    0.26%
  • 151.

    Patanjali Foods Ltd

    Consumer Defensive

    0.26%
  • 152.

    Future on ICICI Prudential Life Insurance Co Ltd

    0.26%
  • 153.

    ICICI Prudential Life Insurance Co Ltd

    Financial Services

    0.26%
  • 154.

    Upl Limited 25/08/2026

    0.25%
  • 155.

    UPL Ltd

    Basic Materials

    0.25%
  • 156.

    Future on UltraTech Cement Ltd

    0.24%
  • 157.

    UltraTech Cement Ltd

    Basic Materials

    0.24%
  • 158.

    Future on Hero MotoCorp Ltd

    0.23%
  • 159.

    Hero MotoCorp Ltd

    Consumer Cyclical

    0.23%
  • 160.

    Future on Hindustan Aeronautics Ltd Ordinary Shares

    0.20%
  • 161.

    Future on Sun Pharmaceuticals Industries Ltd

    0.20%
  • 162.

    Hindustan Aeronautics Ltd Ordinary Shares

    Industrials

    0.20%
  • 163.

    Sun Pharmaceuticals Industries Ltd

    Healthcare

    0.20%
  • 164.

    Future on GMR Airports Ltd

    0.19%
  • 165.

    GMR Airports Ltd

    Industrials

    0.19%
  • 166.

    Future on Tata Power Co Ltd

    0.16%
  • 167.

    Tata Power Co Ltd

    Utilities

    0.16%
  • 168.

    Future on InterGlobe Aviation Ltd

    0.14%
  • 169.

    InterGlobe Aviation Ltd

    Industrials

    0.14%
  • 170.

    Future on APL Apollo Tubes Ltd

    0.13%
  • 171.

    APL Apollo Tubes Ltd

    Basic Materials

    0.13%
  • 172.

    Future on Hindustan Zinc Ltd

    0.12%
  • 173.

    Hindustan Zinc Ltd

    Basic Materials

    0.12%
  • 174.

    Future on Torrent Pharmaceuticals Ltd

    0.12%
  • 175.

    The Federal Bank Ltd

    Financial Services

    0.11%
  • 176.

    Future on The Federal Bank Ltd

    0.11%
  • 177.

    Torrent Pharmaceuticals Ltd

    Healthcare

    0.11%
  • 178.

    Future on Bajaj Finserv Ltd

    0.11%
  • 179.

    Bajaj Finserv Ltd

    Financial Services

    0.11%
  • 180.

    NTPC Ltd

    Utilities

    0.11%
  • 181.

    Future on NTPC Ltd

    0.11%
  • 182.

    Future on UNO Minda Ltd

    0.08%
  • 183.

    UNO Minda Ltd

    Consumer Cyclical

    0.08%
  • 184.

    Future on Hindustan Petroleum Corp Ltd

    0.08%
  • 185.

    Future on Dabur India Ltd

    0.08%
  • 186.

    Dabur India Ltd

    Consumer Defensive

    0.08%
  • 187.

    Hindustan Petroleum Corp Ltd

    Energy

    0.08%
  • 188.

    Future on Aurobindo Pharma Ltd

    0.07%
  • 189.

    Future on Vishal Mega Mart Ltd

    0.07%
  • 190.

    Aurobindo Pharma Ltd

    Healthcare

    0.07%
  • 191.

    Vishal Mega Mart Ltd

    Consumer Cyclical

    0.07%
  • 192.

    Future on Tata Consumer Products Ltd

    0.06%
  • 193.

    Tata Consumer Products Ltd

    Consumer Defensive

    0.06%
  • 194.

    Future on Union Bank of India

    0.06%
  • 195.

    Union Bank of India

    Financial Services

    0.06%
  • 196.

    Future on Prestige Estates Projects Ltd

    0.06%
  • 197.

    Prestige Estates Projects Ltd

    Real Estate

    0.06%
  • 198.

    PNB Housing Finance Ltd

    Financial Services

    0.05%
  • 199.

    Future on PNB Housing Finance Ltd

    0.05%
  • 200.

    Future on Bharat Petroleum Corp Ltd

    0.05%
  • 201.

    Bharat Petroleum Corp Ltd

    Energy

    0.05%
  • 202.

    Future on Rail Vikas Nigam Ltd

    0.04%
  • 203.

    Rail Vikas Nigam Ltd

    Industrials

    0.04%
  • 204.

    Future on HDFC Asset Management Co Ltd

    0.04%
  • 205.

    HDFC Asset Management Co Ltd

    Financial Services

    0.04%
  • 206.

    Future on JSW Energy Ltd

    0.03%
  • 207.

    JSW Energy Ltd

    Utilities

    0.03%
  • 208.

    Future on Cholamandalam Investment and Finance Co Ltd

    0.03%
  • 209.

    Cholamandalam Investment and Finance Co Ltd

    Financial Services

    0.03%
  • 210.

    Future on Apollo Hospitals Enterprise Ltd

    0.03%
  • 211.

    Apollo Hospitals Enterprise Ltd

    Healthcare

    0.03%
  • 212.

    Future on Tube Investments of India Ltd Ordinary Shares

    0.03%
  • 213.

    Tube Investments of India Ltd Ordinary Shares

    Industrials

    0.03%
  • 214.

    Future on Inox Wind Ltd

    0.03%
  • 215.

    Inox Wind Ltd

    Industrials

    0.03%
  • 216.

    Future on Bank of India

    0.02%
  • 217.

    Bank of India

    Financial Services

    0.02%
  • 218.

    Future on GAIL (India) Ltd

    0.02%
  • 219.

    GAIL (India) Ltd

    Utilities

    0.02%
  • 220.

    Future on Suzlon Energy Ltd

    0.02%
  • 221.

    Suzlon Energy Ltd

    Industrials

    0.02%
  • 222.

    REC Ltd

    -
  • 223.

    Bharat Electronics Ltd

    -
  • 224.

    Amber Enterprises India Ltd Ordinary Shares

    -
  • 225.

    17/07/2026 Maturing 182 DTB

    -
  • 226.

    Exide Industries Ltd

    -
  • 227.

    Avenue Supermarts Ltd

    -
  • 228.

    Delhivery Ltd

    -
  • 229.

    Kalyan Jewellers India Ltd

    -
  • 230.

    Sona BLW Precision Forgings Ltd

    -
  • 231.

    SBI Life Insurance Co Ltd

    -
  • 232.

    Swiggy Ltd

    -
  • 233.

    Lodha Developers Ltd

    -
  • 234.

    09/07/2026 Maturing 182 DTB

    -
  • 235.

    Tbill

    -

Sector allocation

  • Unclassified180.26%
  • Financial Services28.92%
  • Consumer Cyclical10.51%
  • Basic Materials9.30%
  • Industrials7.66%
  • Communication Services7.49%
  • Energy5.86%
  • Consumer Defensive3.17%
  • Healthcare2.73%
  • Utilities2.59%
  • Real Estate0.92%

Comparable peers

  • Tata Arbitrage Monthly IDCW Payout Direct Plan

    Tata Arbitrage Monthly IDCW Payout (DP) · ₹24.95 K Cr AUM

    1Y+6.71%
    3Y+7.51%
    -

  • Tata Arbitrage Monthly IDCW Reinvest Direct Plan

    Tata Arbitrage Monthly IDCW Reinvest (DR) · ₹24.95 K Cr AUM

    1Y+6.71%
    3Y+7.51%
    -

  • Tata Arbitrage Monthly IDCW Payout Direct Plan

    Tata Arbitrage Monthly IDCW Payout (DP) · ₹24.95 K Cr AUM

    1Y+6.71%
    3Y+7.51%
    -

  • Kotak Arbitrage Monthly IDCW Reinvest Direct Plan

    Kotak Arbitrage Monthly IDCW Reinvest (DR) · ₹74.40 K Cr AUM

    1Y+6.68%
    3Y+7.50%
    -

  • JM Arbitrage Annual IDCW Reinvest Direct Plan

    JM Arbitrage Annual IDCW Reinvest (DR) · ₹391.40 Cr AUM

    1Y+6.58%
    3Y+7.08%
    -

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

Scheme details

Scheme code
135173
Fund house
JM Financial Mutual Fund
Category
Open Ended
Type
Hybrid Schemes
Sub-category
Arbitrage Fund
Plan
Direct
Return type
IDCW
ISIN (Growth)
INF192K01KY4
ISIN (Div. Reinvest)
INF192K01KZ1
Tradable on exchange
No

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