Should I invest in JM Arbitrage Fund (Direct)?

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

JM Arbitrage Fund (Direct)- IDCW

Latest NAV

₹17.4695

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

Add another fund to compare

No matches.

Compares up to 8 funds. Click any line in the legend above to hide/show it.

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%	+0.08%	+0.01	32 / 59	Q3
1W	+0.13%	+0.14%	0.00	35 / 59	Q3
2W	+0.26%	+0.21%	+0.04	15 / 58	Q2
1M	+0.62%	+0.50%	+0.12	31 / 58	Q3
3M	+1.52%	+1.14%	+0.38	32 / 58	Q3
6M	+3.10%	+1.98%	+1.12	28 / 55	Q3
YTD	+3.43%	+2.11%	+1.31	25 / 55	Q2
1Y	+6.37%	+4.37%	+2.00	26 / 53	Q2
2Y	+6.69%	+4.35%	+2.34	23 / 50	Q2
3Y	+7.13%	+4.81%	+2.32	17 / 49	Q2
4Y	+7.00%	+5.04%	+1.95	17 / 47	Q2
5Y	+6.26%	+4.76%	+1.50	19 / 43	Q2
7Y	+5.45%	+4.10%	+1.35	10 / 38	Q2
10Y	+4.95%	+3.35%	+1.60	7 / 26	Q2
Inception	+3.75%	+3.53%	+0.21	34 / 59	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%	+2.23%	+1.19	25 / 50
2025	+6.57%	+3.93%	+2.63	24 / 49
2024	+7.80%	+6.12%	+1.68	21 / 47
2023	+7.47%	+5.67%	+1.81	19 / 46
2022	+4.62%	+3.73%	+0.88	18 / 41
2021	+3.18%	+3.16%	+0.03	25 / 42
2020	+2.85%	+1.39%	+1.46	10 / 41
2019	+5.75%	+2.88%	+2.86	7 / 36
2018	+5.31%	+1.64%	+3.67	11 / 30
2017	+1.33%	+2.68%	-1.35	18 / 29
2016	+1.62%	+3.28%	-1.67	18 / 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

+3.83%

153 windows

min -2.9% · max 8.2%

93% positive

3-Year rolling

+3.86%

129 windows

min 0.0% · max 7.3%

100% positive

5-Year rolling

+3.85%

105 windows

min 0.8% · max 6.3%

100% positive

7-Year rolling

+3.92%

80 windows

min 2.2% · max 5.5%

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 Monthly IDCW - Direct Plan	HDFC	₹11.3460	17 Jul 2026
NIPPON INDIA ARBITRAGE FUND - DIRECT Plan - IDCW Option	Nippon India	₹18.8887	17 Jul 2026
SBI Arbitrage Opportunities Fund - Direct Plan - Gr	SBI	₹38.4109	17 Jul 2026
ICICI Prudential Equity Arbitrage Fund - Direct Plan - IDCW	ICICI Prudential	₹17.8186	17 Jul 2026
Invesco India Arbitrage Fund - Direct Plan - Annual Bonus	Invesco	₹36.9323	17 Jul 2026
BANDHAN Arbitrage Fund-Direct Plan-Annual IDCW	Bandhan	₹12.5932	17 Jul 2026
quant Arbitrage Fund - IDCW Option - Direct Plan	Quant	₹10.9654	17 Jul 2026
Aditya Birla Sun Life Arbitrage Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹11.5230	17 Jul 2026
Motilal Oswal Arbitrage Fund-Direct Plan-IDCW	Motilal Oswal	₹11.0046	17 Jul 2026
Franklin India Arbitrage Fund - Direct - IDCW	Franklin India	₹11.2041	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹17.4695
16 Jul 2026	₹17.4538
15 Jul 2026	₹17.4599
14 Jul 2026	₹17.4670
13 Jul 2026	₹17.4445
10 Jul 2026	₹17.4463
9 Jul 2026	₹17.4415
8 Jul 2026	₹17.4468
7 Jul 2026	₹17.4463
6 Jul 2026	₹17.4374

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)- IDCW is ₹17.4695. 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)- IDCW 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)- 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)- IDCW has delivered a absolute return of 6.37% — +2 pp ahead of the Arbitrage Fund category average of 4.37%. The fund ranks #26 of 53 in its category — the second (Q2) quartile.

Over the trailing 3-year window, JM Arbitrage Fund (Direct)- IDCW has delivered a CAGR of 7.13% — +2.32 pp ahead of the Arbitrage Fund category average of 4.81%. The fund ranks #17 of 49 in its category — the second (Q2) quartile.

Over the trailing 5-year window, JM Arbitrage Fund (Direct)- IDCW has delivered a CAGR of 6.26% — +1.5 pp ahead of the Arbitrage Fund category average of 4.76%. The fund ranks #19 of 43 in its category — the second (Q2) quartile.

₹1 lakh invested in JM Arbitrage Fund (Direct)- IDCW exactly 10 years ago would be worth approximately ₹162,131 today — a multiplier of 1.62×, based on the 10-year CAGR of 4.95%. The category average over the same window would have grown ₹1 lakh to ₹138,987.

A ₹10,000 monthly SIP in JM Arbitrage Fund (Direct)- IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹712,335 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)- IDCW = ₹1,200,000 invested. It would currently be worth ₹1,610,662 (multiplier 1.34×). XIRR: 5.74%. 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)- 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 4.76%; this fund delivered 6.26%.

The worst peak-to-trough decline JM Arbitrage Fund (Direct)- 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)- IDCW averaged 3.85% (best 6.26%, worst 0.79%). 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)- IDCW returned 6.57% — beating the Arbitrage Fund category average of 3.93% by 2.63 pp. It ranked #24 of 49 in its category that year.

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

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

JM Arbitrage Fund (Direct)- IDCW

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

More from this fund house