Markets / Mutual funds / Arbitrage
JM Financial Mutual Fund · Hybrid fund · Regular plan · IDCW
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
Bars: this plan; the thin mark is the Arbitrage average (regular plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.5 | |||||||||||
| 2025 | +0.6 | +0.4 | +0.6 | +0.6 | +0.3 | +0.5 | +0.4 | +0.5 | +0.3 | +0.4 | +0.5 | +0.6 |
| 2026 | +0.6 | +0.4 | +0.5 | +0.3 | +0.0 | +0.8 | +0.6 | +0.4 | +0.5 | +0.5 | +0.2 |
Each month's change in NAV (the current month to the latest NAV).
Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.
| Share of fund | 30 Sept 2026 | 31 Aug 2026 | Change |
|---|---|---|---|
| Stocks held | 77.1% | 80.5% | -3.39 |
| Debt | 0.0% | 5.1% | -5.14 |
| Money market | 7.3% | 7.2% | +0.11 |
| Cash & others | 15.6% | 7.2% | +8.41 |
| Top 10 stocks | 30.6% | 28.8% | +1.76 |
| Number of stocks | 107 | 119 | -12 |
Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.
| Holding | % of fund |
|---|---|
| ICICI Bank Limited INE090A01021 | 4.54% |
| Reliance Industries Limited INE002A01018 | 4.13% |
| Axis Bank Limited INE238A01034 | 3.89% |
| Vodafone Idea Limited INE669E01016 | 3.40% |
| Tata Steel Limited INE081A01020 | 3.27% |
| Kotak Mahindra Bank Limited INE237A01036 | 2.94% |
| State Bank of India INE062A01020 | 2.60% |
| Indus Towers Limited INE121J01017 | 1.97% |
| Adani Enterprises Limited INE423A01024 | 1.92% |
| Bandhan Bank Limited INE545U01014 | 1.90% |
| Eicher Motors Limited INE066A01021 | 1.76% |
| Bharat Heavy Electricals Limited INE257A01026 | 1.76% |
| IDFC First Bank Limited INE092T01019 | 1.73% |
| Varun Beverages Limited INE200M01039 | 1.65% |
| Yes Bank Ltd INE528G01035 | 1.55% |
| Power Finance Corporation Limited INE134E01011 | 1.39% |
| NMDC Limited INE584A01023 | 1.37% |
| Bajaj Finance Limited INE296A01032 | 1.33% |
| Bank of Baroda INE028A01039 | 1.29% |
| Maruti Suzuki India Limited INE585B01010 | 1.28% |
| Steel Authority of India Limited INE114A01011 | 1.18% |
| Crompton Greaves Consumer Electrical Ltd INE299U01018 | 1.12% |
| Adani Energy Solutions Limited INE931S01010 | 1.09% |
| Asian Paints Limited INE021A01026 | 1.09% |
| Life Insurance Corporation Of India INE0J1Y01017 | 1.02% |
| Godrej Properties Limited INE484J01027 | 0.98% |
| Adani Port & Special Economic Zone Ltd INE742F01042 | 0.95% |
| LIC Housing Finance Limited INE115A01026 | 0.95% |
| The Indian Hotels Company Limited INE053A01029 | 0.94% |
| NBCC (India) Limited INE095N01031 | 0.93% |
| Canara Bank INE476A01022 | 0.88% |
| Jio Financial Services Limited INE758E01017 | 0.87% |
| Bharti Airtel Limited INE397D01024 | 0.81% |
| Bajaj Finserv Limited INE918I01026 | 0.81% |
| Mahindra & Mahindra Limited INE101A01026 | 0.80% |
| The Federal Bank Limited INE171A01029 | 0.79% |
| ITC Limited INE154A01025 | 0.79% |
| Larsen & Toubro Limited INE018A01030 | 0.77% |
| Adani Power Limited INE814H01029 | 0.77% |
| HDFC Bank Limited INE040A01034 | 0.70% |
| JSW Steel Limited INE019A01038 | 0.67% |
| Sun Pharmaceutical Industries Limited INE044A01036 | 0.63% |
| Hitachi Energy India Limited INE07Y701011 | 0.63% |
| Manappuram Finance Limited INE522D01027 | 0.56% |
| InterGlobe Aviation Limited INE646L01027 | 0.55% |
| Biocon Limited INE376G01013 | 0.54% |
| United Spirits Limited INE854D01024 | 0.48% |
| Ambuja Cements Limited INE079A01024 | 0.47% |
| Lupin Limited INE326A01037 | 0.46% |
| RBL Bank Limited INE976G01028 | 0.41% |
| Glenmark Pharmaceuticals Limited INE935A01035 | 0.41% |
| Divi's Laboratories Limited INE361B01024 | 0.41% |
| Hindustan Unilever Limited INE030A01027 | 0.38% |
| Indian Energy Exchange Limited INE022Q01020 | 0.34% |
| Aurobindo Pharma Limited INE406A01037 | 0.32% |
| Info Edge (India) Limited INE663F01032 | 0.32% |
| Mankind Pharma Limited INE634S01028 | 0.31% |
| Tata Consumer Products Limited INE192A01025 | 0.31% |
| HDFC Asset Management Company Limited INE127D01025 | 0.28% |
| Ashok Leyland Limited INE208A01029 | 0.27% |
| NTPC Limited INE733E01010 | 0.27% |
| Punjab National Bank INE160A01022 | 0.27% |
| Shriram Finance Limited INE721A01047 | 0.24% |
| UPL Limited INE628A01036 | 0.24% |
| TVS Motor Company Limited INE494B01023 | 0.23% |
| JSW Energy Limited INE121E01018 | 0.20% |
| Grasim Industries Limited INE047A01021 | 0.20% |
| HDFC Life Insurance Company Limited INE795G01014 | 0.19% |
| Adani Green Energy Limited INE364U01010 | 0.18% |
| APL Apollo Tubes Limited INE702C01027 | 0.18% |
| Bharat Petroleum Corporation Limited INE029A01011 | 0.14% |
| Cummins India Limited INE298A01020 | 0.14% |
| PNB Housing Finance Limited INE572E01012 | 0.13% |
| Torrent Pharmaceuticals Limited INE685A01028 | 0.12% |
| Alkem Laboratories Limited INE540L01014 | 0.11% |
| The Tata Power Company Limited INE245A01021 | 0.11% |
| Hindustan Aeronautics Limited INE066F01020 | 0.10% |
| Bharat Electronics Limited INE263A01024 | 0.10% |
| Hindalco Industries Limited INE038A01020 | 0.10% |
| Hindustan Petroleum Corporation Limited INE094A01015 | 0.08% |
| Eternal Limited INE758T01015 | 0.07% |
| Union Bank of India INE692A01016 | 0.07% |
| KALYAN JEWELLERS INDIA LIMITED INE303R01014 | 0.07% |
| Cholamandalam Invest & Finance Co Ltd INE121A01024 | 0.06% |
| GMR Airports Limited INE776C01039 | 0.06% |
| Indian Oil Corporation Limited INE242A01010 | 0.06% |
| Bharat Forge Limited INE465A01025 | 0.06% |
| SBI Life Insurance Company Limited INE123W01016 | 0.06% |
| IndusInd Bank Limited INE095A01012 | 0.06% |
| Cipla Limited INE059A01026 | 0.05% |
| UltraTech Cement Limited INE481G01011 | 0.05% |
| GE Vernova T&D India Limited INE200A01026 | 0.05% |
| TUBE INVESTMENTS OF INDIA LTD INE974X01010 | 0.04% |
| Hindustan Zinc Limited INE267A01025 | 0.04% |
| Prestige Estates Projects Limited INE811K01011 | 0.04% |
| DLF Limited INE271C01023 | 0.04% |
| Container Corporation of India Limited INE111A01025 | 0.03% |
| Computer Age Management Services Limited INE596I01020 | 0.03% |
| ICICI Lombard General Insurance Company INE765G01017 | 0.03% |
| Apollo Hospitals Enterprise Limited INE437A01024 | 0.03% |
| AU Small Finance Bank Limited INE949L01017 | 0.03% |
| Dabur India Limited INE016A01026 | 0.03% |
| Inox Wind Limited INE066P01011 | 0.03% |
| Bank of India INE084A01016 | 0.02% |
| Fortis Healthcare Limited INE061F01013 | 0.02% |
| Coal India Limited INE522F01014 | 0.02% |
| Suzlon Energy Limited INE040H01021 | 0.01% |
| Holding | % of fund |
|---|---|
| JM Financial Mutual Fund INF192K01CM6 | 7.82% |
| The Clearing Corporation of India Ltd. 01-OCT-2026 | 7.36% |
| 364 Days Treasury Bill 06-Nov-2026 IN002025Z328 | 1.46% |
| 182 Days Treasury Bill 19-Nov-2026 IN002026Y071 | 1.46% |
| 364 Days Treasury Bill 03-Dec-2026 IN002025Z369 | 1.45% |
| 364 Days Treasury Bill 15-JAN-2027 IN002025Z419 | 1.44% |
| 182 Days Treasury Bill 21-Jan-2027 IN002026Y162 | 1.44% |
| Net Receivable/Payable | 0.43% |
From the fund house's monthly portfolio (jmfinancialmf.com), as on 30 Sept 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.
Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 May 2016).
| Fund size (average AUM, July - September 2026) | ₹420 cr across all plans · this plan ₹0.07 cr |
| Fund house | JM Financial Mutual Fund |
| Category | Hybrid · Arbitrage |
| Plan | Regular |
| Option | IDCW |
| Expense ratio (TER) | Direct 1.46% · Regular 2.11% (5 Nov 2026) |
| 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. |
| Minimum investment | ₹1,000 · additional ₹100 |
| Scheme code (AMFI) | 135168 |
| ISIN | INF192K01KK3 |
| NAV date | 6 Nov 2026 |
Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.
| Plan | NAV | 1 year |
|---|---|---|
| Direct · Growth | ₹37.7964 | +6.53% |
| Direct · IDCW | ₹17.8110 | +6.53% |
| Direct · IDCW | ₹20.2264 | +6.53% |
| Direct · IDCW | ₹19.4136 | +6.53% |
| Direct · IDCW | ₹17.4831 | +6.55% |
| Direct · IDCW | ₹15.2626 | +6.53% |
| Direct · IDCW | ₹17.1997 | +6.53% |
| Direct · IDCW | ₹17.9604 | +6.53% |
| Regular · Growth | ₹35.1222 | +5.83% |
| Regular · IDCW | ₹16.3015 | +5.83% |
| Regular · IDCW | ₹19.0941 | +5.83% |
| Regular · IDCW | ₹15.5170 | +5.83% |
| Regular · IDCW | ₹15.8612 | +5.83% |
| Regular · IDCW | ₹15.6298 | +5.83% |
| Fund | 1 year | 3 years (a year) |
|---|---|---|
| Tata Arbitrage Fund | +6.68% | +7.41% |
| Mirae Asset Arbitrage Fund | +6.64% | +7.34% |
| Axis Arbitrage Fund | +6.57% | +7.29% |
| Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | +6.97% | +7.27% |
| PGIM India Arbitrage Fund | +6.51% | +7.02% |
| BANK OF INDIA ARBITRAGE FUND | +6.55% | +6.88% |
| Edelweiss Arbitrage Fund | +6.05% | +6.81% |
| Kotak Arbitrage Fund | +6.01% | +6.77% |
Information only, not investment advice.
₹13.8087 as of 6 Nov 2026, from AMFI's official NAV data.
1 year: 5.83%, 3 years: 6.28% a year, 5 years: 5.78% a year
Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.