JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units
This is the Regular plan of JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units — bought through a distributor, whose commission is paid out of its expense ratio.
NAV history
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Hybrid funds (same plan and option) to rank against yet.
3Y CAGR +6.23% · ranks 23 of 27 Arbitrage Funds
Volatility 1.1% vs 1.3% category avg
2.1% expense vs 2.2% category avg
95% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its Arbitrage Fund peers (1.1% vs 1.3%)
- Consistent — positive in 95% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Arbitrage Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.67% | +0.66% | +0.01% |
| 3M abs | +1.36% | +1.37% | -0.01% |
| 6M abs | +2.69% | +2.81% | -0.12% |
| 1Y CAGR | +5.73% | +5.91% | -0.18% |
| 3Y CAGR | +6.23% | +6.49% | -0.26% |
| 5Y CAGR | +5.73% | +5.96% | -0.23% |
Category average across peers in Arbitrage Fund (up to 39 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 39 peers in Arbitrage Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +4.22% | |
| 2025 | +5.90% | |
| 2024 | +7.20% | |
| 2023 | +6.64% | |
| 2022 | +3.96% | |
| 2021 | +2.75% | |
| 2020 | +2.56% | |
| 2019 | +5.31% | |
| 2018 | +5.40% | |
| 2017 | +5.12% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity80.52%
- Debt7.15%
- Other6.53%
- Cash & Equivalents5.81%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹2.65Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
JM Financial Mutual Fund is the asset management arm of the JM Financial group and is one of India's oldest private fund houses, launched in 1994 when the industry first opened to private managers.
Fund Managers
ABAsit BhandarkarManaging since 18 Jul 2014
Senior Fund Manager - Equity
B.Com., MMS B-Tech, MBA
He has 23 years of experience in equity research and fund management. His last assignment was as Fund Manager with Lotus India Asset Management Company Pvt. Ltd. Prior to that, for more than 2 years, he was with SBI Funds Management Pvt. Ltd. As a Junior Fund Manager. He started his career on the broking side as an equity analyst and has worked with firms like Jet Age Securities and Sushil Finance Consultants for almost 2 years. Mr. Ramanathan brings with him rich and
SRSatish RamanathanManaging since 01 Oct 2024
Chief Investment Officer- Equity
32 years
CFA
Mr. Ramanathan brings with him rich and varied experience of around 3 decades and joins the AMC from Tattva Capital which was his entrepreneurial endeavor. He started his career with TATA Economic Consultancy Services in 1992 and has subsequently worked with ICICI Securities, Franklin Templeton AMC and Sundaram AMC. research and fund management. His last assignment was as Fund Manager with Lotus India Asset Management Company Pvt. Ltd. Prior to that, for more than 2 years, he was with SBI Funds Management Pvt. Ltd. As a Junior Fund Manager. He started his career on the broking side as an equity analyst and has worked with firms like Jet Age Securities and Sushil Finance Consultants for almost
DGDeepak GuptaManaging since 11 Apr 2025
Head of Research & Senior Fund Manager Equity
Chartered Accountant and Masters of Commerce from Mumbai University
Mr. Gupta is a Chartered Account. Prior to Fund Manager: joining the AMC, he was associated with SBI Pension Funds Private Limited, Reliance Nippon Life Insurance and Access Asset Managers Private Limited.
RFRuchi FozdarManaging since 04 Oct 2024
Fund Manager Debt
BSC- Organic PGDBM Finance
Ms. Ruchi Fozdar has 12 years of rich experience in fixed income market with 7 years of asset management experience. JM Short Duration Fund; Prior to JM Financial Mutual Fund, she was associated with institutions like Reliance Nippon Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund.
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
JM Financial in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Arbitrage funds
Arbitrage funds profit from small price gaps between the cash and futures markets rather than from market direction. Returns are usually modest and cash-like, but they are taxed as equity.
Frequently asked questions
What is the NAV of JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units?
As of 05 Oct 2026, the NAV of JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units is ₹18.98 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units delivered?
JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units has returned +5.73% over 1 year, +6.23% per year over 3 years, +5.73% per year over 5 years and +0.33% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units?
JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units charges an expense ratio of 2.10% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units?
JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units's largest holdings are JM Financial Mutual Fund (6.5%), Kotak Mahindra Bank Limited (3.6%), HDFC Bank Limited (3.6%), ICICI Bank Limited (3.4%) and Reliance Industries Limited (3.1%). Holdings are disclosed monthly and change over time.
How risky is JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units?
JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% and its worst peak-to-trough fall in our sample was -45.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -0.24 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units's -0.24 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units?
JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units is benchmarked against the Nifty 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.
Who manages JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units?
JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units is managed by Asit Bhandarkar, Satish Ramanathan, Deepak Gupta and Ruchi Fozdar at JM Financial.
How is JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units taxed?
JM Arbitrage Fund - Regular Plan - Bonus Option - Principal Units is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.