JM Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV as on 29-11-2024
₹ 33.41
Inception Returns
6.4%
/yr
About JM Arbitrage Fund Direct Growth
JM Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar, Gurvinder Wasan. This fund gives you the benefit of diversification.
Key Parameters
- JM Arbitrage Fund Direct Growth has ₹184 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
JM Arbitrage Fund Direct Growth has given a CAGR return of 6.40% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.92%, 6.46% and 5.12% respectively.
Holdings
JM Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Health, Utilities, Industrial, Consumer Cyclical, Communication, Real Estate, Basic Materials, Consumer Defensive, Tech, Government, Corporate.
Taxation
As it is a arbitrage fund mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of JM Arbitrage Fund Direct Growth
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
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Arbitrage Fund Direct Growth has no lock in period.
Historical NAV & Returns
JM Arbitrage Fund Direct Growth Overview
| Expense ratio | 0.4% |
Benchmark | NIFTY 50 Arbitrage TR INR |
| AUM | ₹184 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 541.36% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Low Risk |
Trailing Returns
as on (29-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 182.5 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Industrial & Health
Mutual Fund Insights
JM Arbitrage Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹184 Cr
Expense Ratio 0.4%
Frequently Asked Questions for JM Arbitrage Fund Direct Growth
JM Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.54% | 0.54% |
6 Month Returns | 3.75% | 3.75% |
1 Year Returns | 7.92% | 7.92% |
3 Years Returns | 20.67% | 6.46% |
5 Years Returns | 28.34% | 5.12% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |