JM Arbitrage Fund (Regular) - Growth Option
(Erstwhile JM Arbitrage Advantage Fund-Growth)
Fund House: JM Financial Mutual Fund| Category: Hybrid: Arbitrage |
| Launch Date: 18-07-2006 |
| Asset Class: Mixed Asset |
| Benchmark: Nifty 50 Arbitrage Index |
| Expense Ratio: 1.03% As on (30-04-2023) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 92.72 Cr As on (30-04-2023) |
| Turn over: 1,632.03% | Exit Load: 0.5% for redemption within 30 days |
28.4001
-0.02 (-0.0602%)
6.38%
Benchmark: 6.0%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The scheme aims to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
Current Asset Allocation (%)
Indicators
| Standard Deviation | 0.72 |
| Sharpe Ratio | -0.9 |
| Alpha | 0.45 |
| Beta | 0.76 |
| Yield to Maturity | - |
| Average Maturity | - |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| JM Arbitrage Fund (Regular) - Growth Option | 18-07-2006 | 5.22 | 4.22 | 3.47 | 4.06 | 5.55 |
| Invesco India Arbitrage Fund - Growth Option | 30-04-2007 | 6.1 | 5.05 | 4.46 | 5.0 | 6.02 |
| SBI Arbitrage Opportunities Fund - Regular Plan - Gr | 03-11-2006 | 6.02 | 5.08 | 4.35 | 4.89 | 6.03 |
| Kotak Equity Arbitrage Fund - Growth | 29-09-2005 | 5.78 | 4.89 | 4.42 | 5.09 | 6.23 |
| DSP Arbitrage Fund - Regular - Growth | 05-01-2018 | 5.64 | 4.5 | 4.05 | 4.83 | - |
| HDFC Arbitrage Fund - Wholesale Growth Option | 10-10-2007 | 5.61 | 4.54 | 4.13 | 4.71 | 5.84 |
| Edelweiss Arbitrage Fund- Regular Plan- Growth Option | 05-06-2014 | 5.59 | 4.75 | 4.25 | 5.04 | - |
| BANDHAN Arbitrage Fund - Regular Plan - Growth | 21-12-2006 | 5.59 | 4.54 | 4.08 | 4.82 | 6.0 |
| ICICI Prudential Equity Arbitrage Fund - Growth | 30-12-2006 | 5.58 | 4.65 | 4.22 | 4.94 | 6.14 |
| Tata Arbitrage Fund-Regular Plan-Growth | 05-12-2018 | 5.51 | 4.49 | 4.22 | - | - |
Scheme Characteristics
Scheme following arbitrage strategy. Minimum investment in equity & equity related instruments - 65% of total assets.
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
1.91%
Others
33.06%
Large Cap
55.81%
Mid Cap
9.23%
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund
