Hybrid · Arbitrage

JM Arbitrage Fund

JM Financial Mutual Fund

Benchmark

Nifty 50 Arbitrage Index

Riskometer

Low

Size

₹413 cr

Allotted

18 Jul 2006

Holdings as of

Not on record

JM Arbitrage Fund is a arbitrage fund of JM Financial Mutual Fund with ₹413 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage Index) in 1 of 4 periods. Its direct plan charges 1.42% a year. Asit Bhandarkar has managed it for 12.2 years.

Debt and hybrid funds: the company-level sections (scorecard, companies inside, how it is run, nearest index) are not shown. Mix, returns, costs and managers only.

What is JM Arbitrage Fund invested in?

Mix not on record

Has JM Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage Index, in 1 of 4 periods in AMFI's figures; +6.30% over the last year against +7.22%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.59%	−3.60%	—
3 months	+1.65%	−5.03%	—
6 months	+3.29%	−1.83%	—
1 year	+6.94%	−4.06%	+11.00 pts
3 years	+6.00%	+9.27%	−3.27 pts
5 years	+4.63%	+8.00%	−3.37 pts
10 years	+5.37%	+12.69%	−7.32 pts
Since start from 23 Dec 2014	+5.41%	—	—

Valarth price history to 27 Jan 2025 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 14 Oct 2026

Ahead of its benchmark (Nifty 50 Arbitrage Index) in 1 of 4 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+6.30%	+5.59%	+7.22%	−0.92	🔒
3y	+6.91%	+6.18%	+7.38%	−0.47	🔒
5y	+6.43%	+5.73%	+6.74%	−0.31	🔒
10y	+5.63%	+5.06%	+5.61%	+0.02	🔒

Ahead in points a year · its rank among Arbitrage funds, and how steady the lead is, in the app

Value of 100, month-end

Jan 2015 to 27 Jan 2025

Fund 169Nifty 500 TRI 337

₹100 put in at the start of Jan 2015 would be ₹169 on 27 Jan 2025, against ₹337 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does JM Arbitrage Fund cost?

1.42% a year on the direct plan, 2.07% on the regular plan; 18 of 40 funds in its category charge less.

Direct plan

1.42% a year

Category median 1.44%

Regular plan

2.07% a year

Category median 2.07%

Gap

0.65 points

for the same holdings

18 of 40 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Hybrid Schemes - Arbitrage Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages JM Arbitrage Fund?

Asit Bhandarkar, since 18 Jul 2014; Satish Ramanathan, since 18 Jul 2014; Deepak Gupta, since 18 Jul 2014.

Asit Bhandarkar

12.2 years

since 18 Jul 2014

Satish Ramanathan

12.2 years

since 18 Jul 2014

Deepak Gupta

12.2 years

since 18 Jul 2014

And 1 more; every manager, the other funds each runs and the changes over time are in the app.

Benchmark as filedNifty 50 Arbitrage Index

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.

From 34 Scheme Summary Documents filed with NSE, first on 26 Feb 2026; as on 13 Oct 2026

Questions people ask

Who manages JM Arbitrage Fund?

Asit Bhandarkar (manager) since 18 Jul 2014; Satish Ramanathan (manager) since 18 Jul 2014; Deepak Gupta (manager) since 18 Jul 2014; Ruchi Fozdar (manager) since 18 Jul 2014.