Should I invest in JM Arbitrage Fund (Direct)?

We don't give personal investment advice. JM Arbitrage Fund (Direct) - Growth Option 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: 6.26%.

JM Arbitrage Fund (Direct) - Growth Option

Latest NAV

₹37.0717

As of

17 Jul 2026

3,335 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	+0.09%	+0.09%	0.00	23 / 38	Q3
1W	+0.13%	+0.14%	-0.01	22 / 38	Q3
2W	+0.26%	+0.25%	+0.01	11 / 38	Q2
1M	+0.62%	+0.63%	-0.01	25 / 38	Q3
3M	+1.52%	+1.57%	-0.05	28 / 38	Q3
6M	+3.10%	+3.28%	-0.18	31 / 35	Q4
YTD	+3.43%	+3.61%	-0.18	32 / 35	Q4
1Y	+6.37%	+6.56%	-0.18	26 / 32	Q4
2Y	+6.69%	+6.93%	-0.24	24 / 27	Q4
3Y	+7.13%	+7.36%	-0.24	21 / 24	Q4
4Y	+7.00%	+7.20%	-0.20	19 / 23	Q4
5Y	+6.26%	+6.51%	-0.25	17 / 20	Q4
7Y	+5.45%	+6.05%	-0.59	16 / 18	Q4
10Y	+5.68%	+6.33%	-0.65	12 / 12	Q4
Inception	+6.41%	+6.05%	+0.36	22 / 38	Q3

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	+3.43%	+3.61%	-0.18	32 / 35
2025	+6.57%	+6.83%	-0.27	26 / 30
2024	+7.80%	+7.96%	-0.17	18 / 26
2023	+7.47%	+7.67%	-0.20	17 / 24
2022	+4.62%	+4.64%	-0.02	15 / 21
2021	+3.18%	+4.15%	-0.96	19 / 20
2020	+2.85%	+4.54%	-1.70	18 / 18
2019	+5.75%	+6.63%	-0.88	15 / 15
2018	+5.79%	+6.64%	-0.86	12 / 12
2017	+5.69%	+6.27%	-0.59	12 / 12
2016	+7.42%	+7.30%	+0.12	3 / 11

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

+6.30%

153 windows

min 2.0% · max 10.2%

100% positive

3-Year rolling

+5.97%

129 windows

min 3.4% · max 8.7%

100% positive

5-Year rolling

+5.65%

105 windows

min 4.4% · max 7.9%

100% positive

7-Year rolling

+5.57%

80 windows

min 5.0% · max 7.2%

100% positive

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

0.42%

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 Growth Option - Direct Plan	HDFC	₹21.5550	17 Jul 2026
Nippon India Arbitrage Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹30.6775	17 Jul 2026
ICICI Prudential Equity Arbitrage Fund - Direct Plan - Growth	ICICI Prudential	₹39.3155	17 Jul 2026
Invesco India Arbitrage Fund - Direct Plan - Growth Option	Invesco	₹36.9481	17 Jul 2026
BANDHAN Arbitrage Fund-Direct Plan- Growth	Bandhan	₹37.4792	17 Jul 2026
quant Arbitrage Fund - Growth Option - Direct Plan	Quant	₹10.9756	17 Jul 2026
Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹30.6426	17 Jul 2026
Motilal Oswal Arbitrage Fund-Direct Plan-Growth	Motilal Oswal	₹11.1679	17 Jul 2026
Franklin India Arbitrage Fund - Direct - Growth	Franklin India	₹11.2041	17 Jul 2026
Mirae Asset Arbitrage Fund Direct Growth	Mirae Asset	₹14.4540	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹37.0717
16 Jul 2026	₹37.0384
15 Jul 2026	₹37.0513
14 Jul 2026	₹37.0663
13 Jul 2026	₹37.0186
10 Jul 2026	₹37.0224
9 Jul 2026	₹37.0122
8 Jul 2026	₹37.0234
7 Jul 2026	₹37.0223
6 Jul 2026	₹37.0035

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 17 Jul 2026, the NAV of JM Arbitrage Fund (Direct) - Growth Option is ₹37.0717. It's a Arbitrage Fund from the fund house, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

JM Arbitrage Fund (Direct) - Growth Option has NAV history starting from 03 Jan 2013, a track record of about 13 years 6 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) - Growth Option 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) - Growth Option has delivered a absolute return of 6.37% — -0.18 pp behind the Arbitrage Fund category average of 6.56%. The fund ranks #26 of 32 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, JM Arbitrage Fund (Direct) - Growth Option has delivered a CAGR of 7.13% — -0.24 pp behind the Arbitrage Fund category average of 7.36%. The fund ranks #21 of 24 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, JM Arbitrage Fund (Direct) - Growth Option has delivered a CAGR of 6.26% — -0.25 pp behind the Arbitrage Fund category average of 6.51%. The fund ranks #17 of 20 in its category — the bottom (Q4) quartile.

₹1 lakh invested in JM Arbitrage Fund (Direct) - Growth Option exactly 10 years ago would be worth approximately ₹173,792 today — a multiplier of 1.74×, based on the 10-year CAGR of 5.68%. The category average over the same window would have grown ₹1 lakh to ₹184,761.

A ₹10,000 monthly SIP in JM Arbitrage Fund (Direct) - Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹712,333 today. That's an XIRR (money-weighted annualised return) of 6.80%.

A ₹10,000 monthly SIP for 10 years in JM Arbitrage Fund (Direct) - Growth Option = ₹1,200,000 invested. It would currently be worth ₹1,621,135 (multiplier 1.35×). XIRR: 5.86%. 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) - Growth Option ranks #17 out of 20 funds in the Arbitrage Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 6.51%; this fund delivered 6.26%.

The worst peak-to-trough decline JM Arbitrage Fund (Direct) - Growth Option 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) - Growth Option averaged 5.65% (best 7.85%, worst 4.36%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.65 — negative risk-adjusted performance.

In calendar year 2025, JM Arbitrage Fund (Direct) - Growth Option returned 6.57% — lagging the Arbitrage Fund category average of 6.83% by 0.27 pp. It ranked #26 of 30 in its category that year.

JM Arbitrage Fund (Direct) - Growth Option 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) - Growth Option 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: 6.26%.

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

JM Arbitrage Fund (Direct) - Growth Option

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Arbitrage Fund

Recent NAVs

Frequently asked questions

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