MonitorDirect · Growth
JM Arbitrage Fund
JM Financial Mutual FundHybrid Schemes - Arbitrage Fund13.7 years
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.
- NAV
- 37.3826
- 15 Sept 2026
- 1Y
- +6.3%
- Trailing CAGR
- AUM
- ₹482.5 Cr
- 31 Aug 2026
- Volatility
- Low
- 1.1% annualized
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.3%
- 3Y+7.0%
- 5Y+6.4%
- 10Y+5.6%
- SI+6.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.1%
- 3Y+6.6%
- 5Y+6.7%
- 10Y+5.9%
- Since inception
- +6.4%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- +13%
- Windows beating the median
- 3Y percentile
- 22
- Vs comparable share classes
- Worst rolling 3Y
- +3.4%
- 2640 daily-ending windows
- Median rolling 3Y
- +6.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2144 daily-ending windows
- SIP 3Y XIRR
- +6.6%
- Simulated monthly SIP
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 2 days
- 774 recovered episodes
- Longest recovery
- 74 days
- Trough to prior peak
- Current spell
- 5 days
- Days below latest peak
- Time below peak
- +46%
- NAV observations
29 May 2020 – 21 Sept 2020
Trough 9 Jul 2020 · recovered in 74 days
-0.5%
3 Aug 2026 – 1 Sept 2026
Trough 6 Aug 2026 · recovered in 26 days
-0.5%
1 Sept 2026 – 10 Sept 2026
Trough 4 Sept 2026 · recovered in 6 days
-0.4%
31 Mar 2020 – 20 Apr 2020
Trough 7 Apr 2020 · recovered in 13 days
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
22
Vs category
49
Consistency
14
Risk-adjusted
76
Drawdown
99
Mean
52
Portfolio
31 Aug 2026 · 130 holdings · top 10 are 114.9%.
- Top 5
- 100.0%
- Top 10
- 114.9%
- Largest holding
- 81.0%
- Effective holdings
- 1.5
Cash Margin
Unspecified
81.0%
JM High Liquidity Fund Direct-Growth
Unspecified
6.5%
Others CBLO
Unspecified
5.1%
Kotak Mahindra Bank Ltd
Financial
3.6%
HDFC Bank Ltd
Financial
3.6%
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 15 Sept 2026
Monitor
Engine status
Monitor
Recent evidence
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Invesco India Arbitrage Fund
Invesco Mutual Fund
- 1Y
- +6.9%
- 3Y
- +7.5%
- Vol
- 1.0%
- Max DD
- -0.5%
- Sharpe
- 1.55
- 3Y win
- +63%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Mirae Asset Arbitrage Fund
Mirae Asset Mutual Fund
- 1Y
- +6.8%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -0.4%
- Sharpe
- 0.89
- 3Y win
- +81%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
WhiteOak Capital Arbitrage Fund
WhiteOak Capital Mutual Fund
- 1Y
- +7.1%
- 3Y
- n/a
- Vol
- 1.1%
- Max DD
- -0.4%
- Sharpe
- 1.72
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Axis Arbitrage Fund
Axis Mutual Fund
- 1Y
- +6.7%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -0.6%
- Sharpe
- 1.33
- 3Y win
- +87%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
UTI - Arbitrage Fund
UTI Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.3%
- Vol
- 1.0%
- Max DD
- -0.7%
- Sharpe
- 1.41
- 3Y win
- +51%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown