JM Arbitrage Fund
Direct–Growth is the plan and option we treat as this fund's main page, so search engines are pointed there. Everything below is this filing's own data.
Fund basics
How it compares in its category
Against the Arbitrage Direct schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| Kotak Arbitrage Fund Kotak Mahindra Mutual Fund | 7.5% | — | — | 1.0% | 1.04 | -0.6% |
| Tata Arbitrage Fund Tata Mutual Fund | 7.6% | — | — | 1.0% | 1.04 | -0.6% |
| Invesco India Arbitrage Fund Invesco Mutual Fund | 7.5% | — | — | 1.0% | 1.00 | -0.5% |
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND Aditya Birla Sun Life Mutual Fund | 7.5% | — | — | 1.1% | 0.90 | -0.5% |
| Edelweiss Arbitrage Fund Edelweiss Mutual Fund | 7.5% | — | — | 1.0% | 1.02 | -0.5% |
| Mirae Asset Arbitrage Fund Mirae Asset Mutual Fund | 7.4% | — | — | 1.0% | 0.96 | -0.4% |
| Axis Arbitrage Fund Axis Mutual Fund | 7.4% | — | — | 1.0% | 0.93 | -0.6% |
| UTI - Arbitrage Fund UTI Mutual Fund | 7.4% | — | — | 1.0% | 0.92 | -0.7% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Arbitrage scheme is
Buying in the cash market and selling in futures, capturing the spread.
Returns look like a short-term debt fund but are taxed as equity, which is the reason these exist. Returns depend on market activity — in quiet markets the spread thins and so does the return.
Who it suits. Parking money for a few months to a year in a taxable account.
How long money should stay. 6 months to 1 year.
Questions people ask
What is the NAV of JM Arbitrage Fund — Direct Plan — Monthly IDCW Option?
₹15.0499 as on 27 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of JM Arbitrage Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Monthly IDCW Option option mean?
An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.
What kind of scheme is this?
Buying in the cash market and selling in futures, capturing the spread. Returns look like a short-term debt fund but are taxed as equity, which is the reason these exist. Returns depend on market activity — in quiet markets the spread thins and so does the return.
How long should money stay in it?
Typically 6 months to 1 year. Parking money for a few months to a year in a taxable account.