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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
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NAV: 17 Dec 2025
₹35.74
Rating
2
Min. SIP amount
₹100
Fund size
₹390.54Cr
Returns calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Holdings (199)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
Muthoot Finance Ltd. | Financial | CP | 6.69% |
ICICI Bank Ltd. | Financial | Equity | 4.79% |
HDFC Bank Ltd. | Financial | Equity | 4.32% |
Reliance Industries Ltd. | Energy | Equity | 3.99% |
JM Liquid Fund Direct-Growth | NA | Mutual Fund | 3.78% |
Axis Bank Ltd. | Financial | Equity | 3.51% |
RBL Bank Ltd. | Financial | Equity | 2.71% |
Kotak Mahindra Bank Ltd. | Financial | Equity | 2.66% |
Larsen & Toubro Ltd. | Construction | Equity | 2.50% |
Hindalco Industries Ltd. | Metals & Mining | Equity | 2.44% |
Yes Bank Ltd. | Financial | Equity | 2.41% |
Eternal Ltd. | Services | Equity | 2.26% |
Marico Ltd. | Consumer Staples | Equity | 2.26% |
State Bank of India | Financial | Equity | 2.20% |
Adani Ports and Special Economic Zone Ltd. | Services | Equity | 1.97% |
Multi Commodity Exchange Of India Ltd. | Services | Equity | 1.96% |
Tata Steel Ltd. | Metals & Mining | Equity | 1.88% |
Bharti Airtel Ltd. | Communication | Equity | 1.82% |
ITC Ltd. | Consumer Staples | Equity | 1.77% |
Tata Motors Passenger Vehicles Ltd. | Automobile | Equity | 1.41% |
Shriram Finance Ltd | Financial | Bonds | 1.37% |
Reserve Bank of India | Financial | T-Bills | 1.34% |
Reserve Bank of India | Financial | T-Bills | 1.34% |
Reserve Bank of India | Financial | T-Bills | 1.33% |
Reserve Bank of India | Financial | T-Bills | 1.33% |
Reserve Bank of India | Financial | T-Bills | 1.33% |
Reserve Bank of India | Financial | T-Bills | 1.32% |
Dixon Technologies (India) Ltd. | Capital Goods | Equity | 1.19% |
Bank Of Baroda | Financial | Equity | 1.18% |
Vodafone Idea Ltd. | Communication | Equity | 1.09% |
JSW Energy Ltd. | Capital Goods | Equity | 0.93% |
Patanjali Foods Ltd. | Consumer Staples | Equity | 0.90% |
Maruti Suzuki India Ltd. | Automobile | Equity | 0.89% |
DLF Ltd. | Construction | Equity | 0.85% |
Reserve Bank of India | Financial | T-Bills | 0.80% |
Bandhan Bank Ltd. | Financial | Equity | 0.80% |
Kalyan Jewellers India Ltd. | Consumer Discretionary | Equity | 0.80% |
LIC Housing Finance Ltd. | Financial | Equity | 0.79% |
Indus Towers Ltd. | Communication | Equity | 0.79% |
Adani Energy Solutions Ltd. | Energy | Equity | 0.77% |
PNB Housing Finance Ltd. | Financial | Equity | 0.77% |
Vedanta Ltd. | Metals & Mining | Equity | 0.68% |
Divi's Laboratories Ltd. | Healthcare | Equity | 0.66% |
Biocon Ltd. | Healthcare | Equity | 0.64% |
Sammaan Capital Ltd. | Financial | Equity | 0.64% |
Bajaj Finance Ltd. | Financial | Equity | 0.60% |
Mahindra & Mahindra Ltd. | Automobile | Equity | 0.58% |
Indian Oil Corporation Ltd. | Energy | Equity | 0.55% |
Container Corporation Of India Ltd. | Services | Equity | 0.55% |
Reserve Bank of India | Financial | T-Bills | 0.53% |
Reserve Bank of India | Financial | T-Bills | 0.53% |
Trent Ltd. | Services | Equity | 0.51% |
JSW Steel Ltd. | Metals & Mining | Equity | 0.50% |
Canara Bank | Financial | Equity | 0.49% |
Tata Power Company Ltd. | Energy | Equity | 0.48% |
Indian Energy Exchange Ltd. | Services | Equity | 0.46% |
JIO Financial Services Ltd. | Financial | Equity | 0.44% |
Indusind Bank Ltd. | Financial | Equity | 0.42% |
Apollo Hospitals Enterprise Ltd. | Healthcare | Equity | 0.42% |
Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 0.41% |
Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 0.39% |
Lodha Developers Ltd. | Construction | Equity | 0.39% |
Samvardhana Motherson International Ltd. | Automobile | Equity | 0.34% |
ICICI Prudential Life Insurance Company Ltd. | Insurance | Equity | 0.34% |
Grasim Industries Ltd. | Construction | Equity | 0.33% |
Bharat Electronics Ltd. | Capital Goods | Equity | 0.33% |
Varun Beverages Ltd. | Consumer Staples | Equity | 0.32% |
Petronet LNG Ltd. | Energy | Equity | 0.31% |
Bosch Ltd. | Automobile | Equity | 0.31% |
NMDC Ltd. | Metals & Mining | Equity | 0.29% |
Ambuja Cements Ltd. | Construction | Equity | 0.29% |
The Indian Hotels Company Ltd. | Services | Equity | 0.28% |
NCC Ltd. | Construction | Equity | 0.27% |
Aditya Birla Capital Ltd. | Financial | Equity | 0.27% |
Punjab National Bank | Financial | Equity | 0.27% |
Reserve Bank of India | Financial | T-Bills | 0.26% |
NBCC (India) Ltd. | Construction | Equity | 0.22% |
GMR Airports Ltd. | Construction | Equity | 0.22% |
Lupin Ltd. | Healthcare | Equity | 0.21% |
HCL Technologies Ltd. | Technology | Equity | 0.18% |
Max Healthcare Institute Ltd. | Healthcare | Equity | 0.18% |
HFCL Ltd. | Communication | Equity | 0.17% |
Bank of India | Financial | Equity | 0.14% |
United Spirits Ltd. | Consumer Staples | Equity | 0.14% |
IDFC First Bank Ltd. | Financial | Equity | 0.14% |
Hindustan Aeronautics Ltd. | Capital Goods | Equity | 0.13% |
Ultratech Cement Ltd. | Construction | Equity | 0.12% |
UPL Ltd. | Chemicals | Equity | 0.11% |
Mazagon Dock Shipbuilders Ltd. | Capital Goods | Equity | 0.10% |
Britannia Industries Ltd. | Consumer Staples | Equity | 0.10% |
Nestle India Ltd. | Consumer Staples | Equity | 0.08% |
Prestige Estates Projects Ltd. | Construction | Equity | 0.08% |
Cipla Ltd. | Healthcare | Equity | 0.08% |
Hindustan Zinc Ltd. | Metals & Mining | Equity | 0.06% |
Aurobindo Pharma Ltd. | Healthcare | Equity | 0.05% |
REC Ltd. | Financial | Equity | 0.05% |
NHPC Ltd. | Energy | Equity | 0.04% |
Alkem Laboratories Ltd. | Healthcare | Equity | 0.04% |
GAIL (India) Ltd. | Energy | Equity | 0.03% |
IIFL Finance Ltd. | Financial | Equity | 0.03% |
Hindustan Petroleum Corporation Ltd. | Energy | Equity | 0.02% |
Tech Mahindra Ltd. | Technology | Equity | 0.02% |
Mphasis Ltd. | Technology | Equity | 0.02% |
Coforge Ltd. | Technology | Equity | 0.02% |
Union Bank of India | Financial | Equity | 0.02% |
Godrej Properties Ltd. | Construction | Equity | 0.02% |
Godrej Properties Ltd. | Construction | Futures | -0.02% |
Union Bank of India | Financial | Futures | -0.02% |
Coforge Ltd. | Technology | Futures | -0.02% |
Mphasis Ltd. | Technology | Futures | -0.02% |
Tech Mahindra Ltd. | Technology | Futures | -0.02% |
Hindustan Petroleum Corporation Ltd. | Energy | Futures | -0.02% |
IIFL Finance Ltd. | Financial | Futures | -0.03% |
GAIL (India) Ltd. | Energy | Futures | -0.03% |
Alkem Laboratories Ltd. | Healthcare | Futures | -0.04% |
NHPC Ltd. | Energy | Futures | -0.04% |
REC Ltd. | Financial | Futures | -0.05% |
Aurobindo Pharma Ltd. | Healthcare | Futures | -0.05% |
Hindustan Zinc Ltd. | Metals & Mining | Futures | -0.06% |
Cipla Ltd. | Healthcare | Futures | -0.08% |
Prestige Estates Projects Ltd. | Construction | Futures | -0.08% |
Nestle India Ltd. | Consumer Staples | Futures | -0.08% |
Britannia Industries Ltd. | Consumer Staples | Futures | -0.10% |
Mazagon Dock Shipbuilders Ltd. | Capital Goods | Futures | -0.10% |
UPL Ltd. | Chemicals | Futures | -0.11% |
Ultratech Cement Ltd. | Construction | Futures | -0.13% |
Hindustan Aeronautics Ltd. | Capital Goods | Futures | -0.13% |
IDFC First Bank Ltd. | Financial | Futures | -0.14% |
United Spirits Ltd. | Consumer Staples | Futures | -0.14% |
Bank of India | Financial | Futures | -0.14% |
HFCL Ltd. Pref. Shares | Communication | Futures | -0.17% |
Max Healthcare Institute Ltd. | Healthcare | Futures | -0.18% |
HCL Technologies Ltd. | Technology | Futures | -0.18% |
Lupin Ltd. | Healthcare | Futures | -0.21% |
GMR Airports Ltd. | Construction | Futures | -0.22% |
NBCC (India) Ltd. | Construction | Futures | -0.23% |
Aditya Birla Capital Ltd. | Financial | Futures | -0.27% |
Punjab National Bank | Financial | Futures | -0.27% |
NCC Ltd. | Construction | Futures | -0.27% |
The Indian Hotels Company Ltd. | Services | Futures | -0.28% |
Ambuja Cements Ltd. | Construction | Futures | -0.30% |
NMDC Ltd. | Metals & Mining | Futures | -0.30% |
Bosch Ltd. | Automobile | Futures | -0.32% |
Petronet LNG Ltd. | Energy | Futures | -0.32% |
Varun Beverages Ltd. | Consumer Staples | Futures | -0.32% |
Bharat Electronics Ltd. | Capital Goods | Futures | -0.33% |
Grasim Industries Ltd. | Construction | Futures | -0.33% |
ICICI Prudential Life Insurance Company Ltd. | Insurance | Futures | -0.34% |
Samvardhana Motherson International Ltd. | Automobile | Futures | -0.35% |
Lodha Developers Ltd. | Construction | Futures | -0.39% |
Glenmark Pharmaceuticals Ltd. | Healthcare | Futures | -0.39% |
Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Futures | -0.41% |
Apollo Hospitals Enterprise Ltd. | Healthcare | Futures | -0.42% |
Indusind Bank Ltd. | Financial | Futures | -0.42% |
JIO Financial Services Ltd. | Financial | Futures | -0.45% |
Indian Energy Exchange Ltd. | Services | Futures | -0.46% |
Tata Power Company Ltd. | Energy | Futures | -0.49% |
Canara Bank | Financial | Futures | -0.50% |
JSW Steel Ltd. | Metals & Mining | Futures | -0.51% |
Trent Ltd - Warrant | Services | Futures | -0.52% |
Container Corporation Of India Ltd. | Services | Futures | -0.55% |
Indian Oil Corporation Ltd. | Energy | Futures | -0.55% |
Mahindra & Mahindra Ltd. | Automobile | Futures | -0.59% |
Bajaj Finance Ltd. | Financial | Futures | -0.61% |
Indiabulls Housing Finance Ltd - (Partly Paid Equity) | Financial | Futures | -0.64% |
Biocon Ltd. | Healthcare | Futures | -0.64% |
Divi's Laboratories Ltd. | Healthcare | Futures | -0.66% |
Vedanta Ltd. | Metals & Mining | Futures | -0.69% |
PNB Housing Finance Ltd. | Financial | Futures | -0.78% |
Adani Energy Solutions Ltd. | Energy | Futures | -0.78% |
Indus Towers Ltd. | Communication | Futures | -0.79% |
LIC Housing Finance Ltd. | Financial | Futures | -0.80% |
Kalyan Jewellers India Ltd. | Consumer Discretionary | Futures | -0.80% |
Bandhan Bank Ltd. | Financial | Futures | -0.80% |
DLF Ltd. | Construction | Futures | -0.85% |
Maruti Suzuki India Ltd. | Automobile | Futures | -0.90% |
Patanjali Foods Ltd. | Consumer Staples | Futures | -0.91% |
JSW Energy Ltd. | Capital Goods | Futures | -0.93% |
Vodafone Idea Ltd. | Communication | Futures | -1.09% |
Bank Of Baroda | Financial | Futures | -1.19% |
Dixon Technologies (India) Ltd. | Capital Goods | Futures | -1.20% |
Tata Motors Passenger Vehicles Ltd. | Automobile | Futures | -1.43% |
ITC Ltd. | Consumer Staples | Futures | -1.78% |
Bharti Airtel Ltd. | Communication | Futures | -1.83% |
Tata Steel Ltd. | Metals & Mining | Futures | -1.89% |
Multi Commodity Exchange Of India Ltd. | Services | Futures | -1.97% |
Adani Ports and Special Economic Zone Ltd. | Services | Futures | -1.98% |
State Bank of India | Financial | Futures | -2.22% |
Marico Ltd. | Consumer Staples | Futures | -2.28% |
Eternal Ltd. | Services | Futures | -2.28% |
Yes Bank Ltd. | Financial | Futures | -2.42% |
Hindalco Industries Ltd. | Metals & Mining | Futures | -2.46% |
Larsen & Toubro Ltd. Pref. Shares | Construction | Futures | -2.52% |
Kotak Mahindra Bank Ltd. | Financial | Futures | -2.68% |
RBL Bank Ltd. | Financial | Futures | -2.72% |
Axis Bank Ltd. Warrant | Financial | Futures | -3.53% |
Reliance Industries Ltd - Partly Paid Equity | Energy | Futures | -4.01% |
HDFC Bank Ltd. | Financial | Futures | -4.35% |
ICICI Bank Ltd. | Financial | Futures | -4.82% |
See All
Minimum investment amounts
| Min. for 1st investment | ₹1,000 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Returns and rankings
Category: Hybrid Arbitrage
Annualised returns
Absolute returns
| 3Y | 5Y | 10Y | All | |
|---|---|---|---|---|
| Fund returns | 7.3% | 5.9% | 5.7% | 6.4% |
| Category average | 6.8% | 5.6% | 5.7% | NA |
| Rank with in category | 21 | 21 | 14 | NA |
Understand terms
Peer Comparison
| Hybrid, Arbitrage funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Invesco India Arbitrage Fund Direct Growth | 5 | 7.2% | 7.9% | 27,560.25 |
Tata Arbitrage Fund Direct Growth | 5 | 7.2% | 7.8% | 20,154.23 |
Aditya Birla Sun Life Arbitrage Fund Direct Growth | 4 | 7.2% | 7.8% | 24,255.89 |
Bandhan Arbitrage Fund Direct Growth | 4 | 7.0% | 7.7% | 8,747.55 |
SBI Arbitrage Opportunities Fund Direct Growth | 4 | 7.1% | 7.7% | 41,082.90 |
Expense ratio, exit load and tax
Expense ratio: 0.41%
Inclusive of GST
Exit load
Exit load of 0.5%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Understand terms
Check past data
Fund management
Satish RamanathanOct 2024 - PresentView details
Satish Ramanathan
Oct 2024 - Present
View details
Education
Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA.
Experience
Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.
Also manages these schemes
Asit BhandarkarJul 2014 - PresentView details
Asit Bhandarkar
Jul 2014 - Present
View details
Education
Mr. Bhandarkar is a B.Com (H) and MMS.
Experience
Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
Also manages these schemes
Deepak GuptaApr 2025 - PresentView details
Deepak Gupta
Apr 2025 - Present
View details
Education
C.A, M.Com from Mumbai University
Experience
Prior to Joining the JM AMC, he has worked with SBI Pension Funds Private Limited, Reliance Nippon Life Insurance and Access Asset Managers Private Limited
Also manages these schemes
Fund house & investment objective
Fund house contact details
Address
Office B-8th Floor-Cnergy,Appasaheb Marathe Marg,Prabhadevi, Mumbai 400025
Phone
022-33797777 / 1800-103-8345
Launch Date
15 Sep 1994
E-mail
NAWebsite
www.JMFinancialmf.com
JM Financial Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]Website
www.karvymfs.comPros and cons
Category: Hybrid Arbitrage
Pros
Consistently higher annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Lower expense ratio: 0.41%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Cons
Low rating: 2
Compare funds
JM Arbitrage Fund Direct Growth
VS
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