Should I invest in JM Arbitrage Fund (Direct) - Annual IDCW?

We don't give personal investment advice. JM Arbitrage Fund (Direct) - Annual IDCW is suitable for an investor whose:horizon is 3-5 years — too short for pure equity, too long for pure debtwants a single fund that automatically rebalances between equity and debtis comfortable trading some upside for lower volatility vs a pure equity fundCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.3%. 5-year CAGR: 6.18%.

JM Arbitrage Fund (Direct) - Annual IDCW

Latest NAV

₹16.6934

As of

3 Jun 2026

2,672 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.08%	-0.05%	+0.13	11 / 59	Q1
1W	+0.03%	0.00%	+0.03	22 / 59	Q2
2W	+0.00%	-0.09%	+0.09	18 / 58	Q2
1M	+0.31%	+0.22%	+0.09	21 / 58	Q2
3M	+1.18%	+0.55%	+0.63	27 / 55	Q2
6M	+2.90%	+1.82%	+1.09	29 / 55	Q3
YTD	+2.34%	+1.31%	+1.03	26 / 55	Q2
1Y	+6.08%	+4.16%	+1.92	28 / 53	Q3
2Y	+6.66%	+4.35%	+2.31	27 / 50	Q3
3Y	+7.10%	+4.81%	+2.28	21 / 49	Q2
4Y	+6.82%	+4.90%	+1.92	20 / 47	Q2
5Y	+6.18%	+4.68%	+1.50	19 / 43	Q2
7Y	+5.43%	+3.99%	+1.44	8 / 37	Q1
10Y	+3.86%	+3.30%	+0.56	15 / 26	Q3
Inception	+4.11%	+3.40%	+0.71	24 / 59	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.34%	+1.35%	+0.99	26 / 50
2025	+6.57%	+3.93%	+2.63	26 / 49
2024	+7.80%	+6.12%	+1.68	18 / 47
2023	+7.47%	+5.67%	+1.81	17 / 46
2022	+4.61%	+3.73%	+0.88	21 / 41
2021	+3.19%	+3.16%	+0.03	22 / 42
2020	+2.85%	+1.39%	+1.46	9 / 41
2019	+5.75%	+2.88%	+2.86	10 / 36
2018	+5.77%	+1.64%	+4.13	6 / 30
2017	-11.04%	+2.68%	-13.72	29 / 29
2016	+7.67%	+3.28%	+4.38	1 / 25

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+4.05%

121 windows

min -11.1% · max 8.2%

90% positive

3-Year rolling

+4.25%

96 windows

min -0.1% · max 7.4%

96% positive

5-Year rolling

+4.15%

72 windows

min 1.1% · max 6.2%

100% positive

7-Year rolling

+4.24%

48 windows

min 2.5% · max 5.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.47%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.32%

May 2026 → May 2026

% positive months

100.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Arbitrage Fund

Scheme	Fund house	NAV	As of
HDFC ARBITRAGE FUND - Wholesale Monthly IDCW - Direct Plan	HDFC	₹11.2670	3 Jun 2026
NIPPON INDIA ARBITRAGE FUND - DIRECT Plan - IDCW Option	Nippon India	₹18.6701	3 Jun 2026
SBI Arbitrage Opportunities Fund - Direct Plan - Gr	SBI	₹37.9829	3 Jun 2026
ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW	ICICI Prudential	₹17.7109	3 Jun 2026
Invesco India Arbitrage Fund - Direct Plan - Annual Bonus	Invesco	₹36.5173	3 Jun 2026
BANDHAN Arbitrage Fund-Direct Plan-Annual IDCW	Bandhan	₹12.4525	3 Jun 2026
quant Arbitrage Fund - IDCW Option - Direct Plan	Quant	₹10.8293	3 Jun 2026
Aditya Birla Sun Life Arbitrage Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹11.4514	3 Jun 2026
Motilal Oswal Arbitrage Fund-Direct Plan-IDCW	Motilal Oswal	₹10.8856	3 Jun 2026
Franklin India Arbitrage Fund - Direct - IDCW	Franklin India	₹11.0725	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹16.6934
2 Jun 2026	₹16.6801
1 Jun 2026	₹16.7032
29 May 2026	₹16.6537
27 May 2026	₹16.6886
26 May 2026	₹16.6973
25 May 2026	₹16.6933
22 May 2026	₹16.6856
21 May 2026	₹16.6989
20 May 2026	₹16.6930

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of JM Arbitrage Fund (Direct) - Annual IDCW is ₹16.6934. It's a Arbitrage Fund from the fund house, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

JM Arbitrage Fund (Direct) - Annual IDCW has NAV history starting from 29 Jul 2015, a track record of about 10 years 10 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

JM Arbitrage Fund (Direct) - Annual IDCW is managed by the fund house. It's classified by AMFI under the 'Arbitrage Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, JM Arbitrage Fund (Direct) - Annual IDCW has delivered a absolute return of 6.08% — +1.92 pp ahead of the Arbitrage Fund category average of 4.16%. The fund ranks #28 of 53 in its category — the third (Q3) quartile.

Over the trailing 3-year window, JM Arbitrage Fund (Direct) - Annual IDCW has delivered a CAGR of 7.10% — +2.28 pp ahead of the Arbitrage Fund category average of 4.81%. The fund ranks #21 of 49 in its category — the second (Q2) quartile.

Over the trailing 5-year window, JM Arbitrage Fund (Direct) - Annual IDCW has delivered a CAGR of 6.18% — +1.5 pp ahead of the Arbitrage Fund category average of 4.68%. The fund ranks #19 of 43 in its category — the second (Q2) quartile.

₹1 lakh invested in JM Arbitrage Fund (Direct) - Annual IDCW exactly 10 years ago would be worth approximately ₹146,059 today — a multiplier of 1.46×, based on the 10-year CAGR of 3.86%. The category average over the same window would have grown ₹1 lakh to ₹138,405.

A ₹10,000 monthly SIP in JM Arbitrage Fund (Direct) - Annual IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹710,020 today. That's an XIRR (money-weighted annualised return) of 6.66%.

A ₹10,000 monthly SIP for 10 years in JM Arbitrage Fund (Direct) - Annual IDCW = ₹1,200,000 invested. It would currently be worth ₹1,590,745 (multiplier 1.33×). XIRR: 5.50%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, JM Arbitrage Fund (Direct) - Annual IDCW ranks #19 out of 43 funds in the Arbitrage Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 4.68%; this fund delivered 6.18%.

The worst peak-to-trough decline JM Arbitrage Fund (Direct) - Annual IDCW has experienced over the last 5-year window is 0.32% — its NAV fell from a high on 19 May 2026 to a low on 29 May 2026. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, JM Arbitrage Fund (Direct) - Annual IDCW averaged 4.15% (best 6.19%, worst 1.12%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.81 — negative risk-adjusted performance.

In calendar year 2025, JM Arbitrage Fund (Direct) - Annual IDCW returned 6.57% — beating the Arbitrage Fund category average of 3.93% by 2.63 pp. It ranked #26 of 49 in its category that year.

JM Arbitrage Fund (Direct) - Annual IDCW is a Hybrid scheme. Tax treatment follows its actual equity allocation as disclosed by the AMC: at least 65% equity behaves like an equity fund (12.5% LTCG over 12 months, 20% STCG); 35-65% equity often gets an equity-style treatment with a 24-month threshold; under 35% equity is taxed at slab rate like a debt fund. Check the AMC's latest factsheet for the current classification.

We don't give personal investment advice. JM Arbitrage Fund (Direct) - Annual IDCW is suitable for an investor whose:

horizon is 3-5 years — too short for pure equity, too long for pure debt
wants a single fund that automatically rebalances between equity and debt
is comfortable trading some upside for lower volatility vs a pure equity fund

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.3%. 5-year CAGR: 6.18%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.