Sharpe ratio
-0.13Return earned for the risk taken.
Negative
Negative means the fund has not rewarded investors well for the risk taken recently.
+6.39%1Y Absolute Return
-0.07%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| JM Arbitrage Fund (Direct) - Growth OptionFund 5Y annualised return | ₹8,56,769 | ₹7,32,612 | ₹1,24,157 | +6.49% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.06
₹1 Lakh since launch₹1.06 Lakh
Fund age13.9 yrs
Fund information
Scheme code120482
ISININF192K01BN6
BenchmarkNIFTY 50 Arbitrage TRI
CategoryHybrid Scheme - Arbitrage Fund
Expense ratio1.47%
Exit loadExit load of 0.5%, if redeemed within 30 days.
Minimum SIP₹100 SIP
Return comparison
51st / 163 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +7.20% | — | — |
| 3M | +6.53% | — | — |
| 6M | +6.12% | — | — |
| 1Y | +6.39% | — | +4.86% |
| 3Y | +6.95% | — | +5.29% |
| 5Y | +6.49% | — | +5.25% |
| 10Y | +5.61% | — | — |
| Since Launch | +6.41% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
-0.26Return earned while limiting downside risk.
Negative
Negative means downside losses have outweighed the returns.
Standard deviation
1.50%How much the fund’s returns fluctuate over time.
Low volatility
Returns have been relatively stable.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
11.95How well the fund rewarded investors relative to its biggest decline.
Excellent
Excellent balance between returns and drawdowns.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Hedged Equity79.03%
Debt12.82%
Cash8.60%
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 227 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 79.0272% |
| JM High Liquidity Fund Direct-Growth | Unspecified | Mutual Fund | 6.0692% |
| Reverse Repo | Unspecified | Reverse Repo | 6.0199% |
| HDFC Bank Ltd | Financial | Equity | 4.9759% |
| ICICI Bank Ltd | Financial | Equity | 3.9256% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 3.8964% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 3.6529% |
| Vodafone Idea Ltd | Technology | Equity | 3.4582% |
| Zomato Ltd | Technology | Equity | 2.7172% |
| Tata Steel Ltd | Materials | Equity | 2.6903% |
Fund management
SA
Satish Ramanathan
Since 2024 · 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.
Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA.
RU
Ruchi Fozdar
Since 2024 · Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
Ms. Ruchi is a graduate in science and PGDBM in finance
AS
Asit Bhandarkar
Since 2014 · Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
Mr. Bhandarkar is a B.Com (H) and MMS.
DE
Deepak Gupta
Since 2025 · 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
C.A, M.Com from Mumbai University
Compare similar funds
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Summary
A low-risk hybrid scheme - arbitrage fund. Same fund manager for 12+ years — the strategy has not chopped and changed. Returns depend on cash-futures spreads and can temporarily fall below liquid-fund levels.
Strengths
- Same fund manager for 12+ years — the strategy has not chopped and changed.
Weaknesses
- None
Ideal investor
- Suited for parking money for 3–12 months or longer — an alternative to liquid funds and short-term FDs.
- Taxed as an equity fund, which may be more efficient than an FD for some tax brackets.
Risk drivers
- Cash-futures spread compression can reduce arbitrage returns.