About JM Arbitrage Fund
JM Arbitrage Fund is a arbitrage fund managed by JM Financial Mutual Fund. Earn the price difference between the cash and futures markets. Low risk, and taxed as equity, which makes them tax-efficient for short periods.
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
The scheme's stated objective, as published by JM Financial Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth Option | ₹37.7974 | 120482 |
| Direct | Annual Bonus Option - Principal Units | ₹19.4141 | 133395 |
| Direct | Annual IDCW Option | ₹17.2001 | 135173 |
| Direct | Bonus Option - Principal Units | ₹20.2269 | 130604 |
| Direct | Half Yearly IDCW Option | ₹17.4836 | 135171 |
| Direct | IDCW Option | ₹17.8115 | 120481 |
| Direct | Monthly IDCW Option | ₹15.263 | 135172 |
| Direct | Quarterly IDCW Option | ₹17.9608 | 135174 |
| Regular | Growth Option | ₹35.1188 | 103780 |
| Regular | Annual IDCW Option | ₹15.5155 | 135167 |
| Regular | Bonus Option - Principal Units | ₹19.0923 | 130603 |
| Regular | Half Yearly IDCW Option | ₹15.6283 | 135170 |
| Regular | IDCW Option | ₹16.2999 | 103781 |
| Regular | Monthly IDCW Option | ₹13.8074 | 135168 |
| Regular | Quarterly IDCW Option | ₹15.8597 | 135169 |
Frequently asked questions
What is the NAV of JM Arbitrage Fund today?
The NAV of JM Arbitrage Fund (Direct plan, Growth) is ₹37.7974 and the Regular plan NAV is ₹35.1188, as of 13 Nov 2026.
What returns has JM Arbitrage Fund given?
Over the last year the Direct plan returned 6.39%, and 6.95% a year over 3 years and 6.49% a year over 5 years. That places it 22 of 26 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of JM Arbitrage Fund?
The Direct plan charges 1.43% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in JM Arbitrage Fund?
You can start a monthly SIP with ₹1,000, or invest a lump sum of ₹1,000 or more.
How much has JM Arbitrage Fund fallen in the past?
Its deepest fall was 0.5% from 29 May 2020 to 9 Jul 2020. Of every one-year stretch in its history, 100% ended in a gain.
Which category does JM Arbitrage Fund belong to?
It is a Arbitrage Fund from JM Financial Mutual Fund. Earn the price difference between the cash and futures markets. Low risk, and taxed as equity, which makes them tax-efficient for short periods.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from JM Arbitrage Fund taxed?
How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.