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JM Arbitrage Fund - Direct Plan download report


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.78 Lakh

Suitability:

"Arbitrage funds invest in equity shares and derivatives, and earn their returns through the price differential between a stock and its futures. You can expect to earn better returns than what you would get from a bank account.

They are usually suitable to park your money for a period ranging between three months to a year. However, we believe that liquid funds, which have a similar risk-return payoff, are a better alternative for most investors for such a time frame. Arbitrage funds may have some appeal for those who are in the highest tax bracket, given the preferential tax treatment of these funds.

The risk of incurring a loss in these funds over the said time frame is low but they do not guarantee returns or safety of capital.

Remember, these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
JM Arbitrage Direct-G 1.94 -0.11 0.07 0.24 0.89 1.94 3.49 3.53 4.45 5.11 --
CCIL T Bill Liquidity Weight 0.91 0.05 0.07 0.27 0.34 0.91 1.99 2.70 3.31 3.68 --
Hybrid: Arbitrage 1.97 -0.12 0.12 0.26 0.97 1.97 3.87 4.60 5.34 5.84 --
Rank within category 15 9 24 20 20 15 20 22 16 15 --
Number of funds in category 25 25 25 25 25 25 25 22 17 15 0

As on 01-Jul-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Arbitrage Fund - Direct Plan
1 star
Jan-13 3.49 3.53 4.45 0.32% 48
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.37 4.94 5.68 0.43% 26,010
Nippon India Arbitrage Fund - Direct Plan
4 star
Jan-13 4.27 4.95 5.81 0.34% 11,069
Tata Arbitrage Fund - Direct Plan  | Invest Online
5 star
Dec-18 4.07 5.20 -- 0.30% 9,887
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.44 5.12 5.82 0.35% 7,134

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.57 04-Aug-2016 - 11-Aug-2016 -0.47 29-May-2020 - 05-Jun-2020
Month 1.26 31-Mar-2019 - 30-Apr-2019 -0.30 29-May-2020 - 29-Jun-2020
Quarter 2.81 31-Jul-2013 - 30-Oct-2013 -0.21 29-May-2020 - 28-Aug-2020
Year 10.40 31-Jul-2013 - 31-Jul-2014 1.96 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
JM Arbitrage Direct-G 3.52 0.66 0.04 0.05 0.44 0.40
CCIL T Bill Liquidity Weight 2.65 0.36 -2.33 -4.59 -- --
Hybrid: Arbitrage 4.56 0.73 1.45 2.03 0.71 1.66
Rank within category 22 2 22 22 2 22
Number of funds in category 22 22 22 22 22 22

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 26
Top 10 Holdings (%) 59.69
Top 5 Holdings (%) 40.34
Top 3 Sectors (%) 44.32
Portfolio P/B Ratio 3.59
Portfolio P/E Ratio 25.81
Avg Credit Rating GOI/Cash

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 182-D 14/07/2022 Treasury Bills SOV 0.00 - 10.34 10.34
equal Reserve Bank of India 364-D 02/03/2023 Treasury Bills SOV 0.00 - 9.97 9.97

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 19.76 8.58 0.00 7.94
up Infosys Technology 28.13 6.75 0.00 6.75
equal Reliance Industries Energy 26.85 13.05 0.00 5.34
up ITC Consumer Staples 23.02 8.76 0.00 4.68
equal Adani Enterprises Services 327.60 9.81 0.00 4.51
up Multi Commodity Exchange Of India Services 45.70 9.83 0.00 3.79
up HCL Technologies Technology 19.70 8.82 0.00 3.33
new Asian Paints Materials 87.77 3.03 0.00 3.03
down Muthoot Finance Financial 10.38 4.16 0.00 2.94
down Hindustan Unilever Consumer Staples 60.41 6.34 0.00 2.79
new Kotak Mahindra Bank Financial 27.54 3.17 0.00 2.61
up L&T Infotech Technology 30.53 2.39 0.00 2.39
equal Larsen & Toubro Construction 25.51 6.44 0.00 2.18
new Interglobe Aviation Services -- 2.01 0.00 2.01
up Tata Motors Automobile -- 1.97 0.00 1.97
new Indusind Bank Financial 13.03 8.31 0.00 1.92
equal L&T Finance Holdings Financial 15.89 1.94 0.00 1.83
equal ICICI Bank Financial 19.50 5.44 0.00 1.72
new HDFC Asset Management Company Financial 28.06 2.00 0.00 1.58
new Hero Motocorp Automobile 23.76 5.02 0.00 1.04
new HDFC Financial 17.71 11.10 0.00 1.01
new Escorts Automobile 26.26 2.59 0.00 0.93
new Maruti Suzuki India Automobile 65.38 4.81 0.00 0.83
down GNFC Chemicals 5.28 1.85 0.00 0.72
new Astral Materials 69.07 0.40 0.00 0.40

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2022

Fund Manager

— Asit Bhandarkar since 25-Jul-2014

Education: Mr. Bhandarkar is a B.Com (H) and MMS.

Experience: Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.

Interviews:

Funds Managed:

— Chaitanya Choksi since 01-Jan-2013

Education: Mr. Choksi is a MMS (Finance) and CFA.

Experience: Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.

Funds Managed:


-0.11%

Change from previous, NAV as on 01-Jul-2022

Growth: ₹ 28.2557

Quarterly Bonus: ₹ 28.3050

More

IDCW Yearly: ₹ 12.8580

IDCW Quarterly: ₹ 13.4229

IDCW Monthly: ₹ 11.4102

IDCW Half Yearly: ₹ 13.0737

IDCW: ₹ 13.3151

Half Yearly Bonus: ₹ 28.2967

Bonus: ₹ 15.1220

Annual Bonus: ₹ 14.5132


Investment Strategy

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.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load 0.5% for redemption within 30 days

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.18%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 48 Cr (As on 31-May-2022)
Expense: 0.32% (As on 31-May-2022)
Risk Grade: High
Return Grade: Low
Turnover: 1,299.16%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly07-Mar-20190.3099

 11-Feb-20190.2656
 26-Mar-20182.5500
IDCW Half Yearly19-Nov-20180.0443

 08-Nov-20161.6500
IDCW Quarterly19-Nov-20180.0443

 16-Jan-20170.0200
 03-Aug-20161.3000
IDCW27-Mar-20180.0500

 28-Nov-20170.0400
 23-Oct-20170.0600
 29-Aug-20170.0400
 31-Jul-20170.0400
 27-Jun-20170.0500
 22-May-20170.0300
 03-May-20170.0300
 25-Mar-20170.0800
 16-Jan-20170.0900
 28-Nov-20160.0800
 24-Sep-20160.0500
 31-Aug-20160.0500
 25-Jul-20160.0600
 29-Jun-20160.0500
 30-May-20160.0500
 26-Apr-20160.0600
 30-Mar-20160.0600
 23-Feb-20160.0600
 27-Jan-20160.0600
 26-Dec-20150.0500
 23-Nov-20150.0500
 26-Oct-20150.0500
 21-Sep-20150.0500
 24-Aug-20150.0650
IDCW Yearly13-Feb-20171.9000

Contact Information

AMC: JM Financial Asset Management Ltd.

Address: Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025

Phone: 022-33797777 / 1800-103-8345

Fax: 022-26528388

Website: http://www.JMFinancialmf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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