JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units

Latest NAV

₹33.8816

As of

27 Jan 2025

2,492 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.

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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	+0.00%	-0.05%	+0.05	23 / 59	Q2
1W	+0.17%	0.00%	+0.17	3 / 59	Q1
2W	+0.27%	-0.09%	+0.35	3 / 58	Q1
1M	+0.65%	+0.22%	+0.43	3 / 58	Q1
3M	+1.82%	+0.55%	+1.27	2 / 55	Q1
6M	+3.64%	+1.82%	+1.82	2 / 55	Q1
YTD	+0.56%	+1.31%	-0.75	42 / 55	Q4
1Y	+7.65%	+4.16%	+3.49	2 / 53	Q1
2Y	+7.68%	+4.35%	+3.34	2 / 50	Q1
3Y	+6.73%	+4.81%	+1.91	29 / 49	Q3
4Y	+5.89%	+4.90%	+0.98	30 / 47	Q3
5Y	+5.23%	+4.68%	+0.55	30 / 43	Q3
7Y	+5.37%	+3.99%	+1.38	15 / 37	Q2
10Y	+5.83%	+3.30%	+2.53	3 / 26	Q1
Inception	+5.86%	+3.40%	+2.46	12 / 59	Q1

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
2025 YTD	+0.56%	+3.93%	-3.37	40 / 49
2024	+7.80%	+6.12%	+1.68	20 / 47
2023	+7.47%	+5.67%	+1.81	15 / 46
2022	+4.61%	+3.73%	+0.88	22 / 41
2021	+3.18%	+3.16%	+0.03	26 / 42
2020	+2.84%	+1.39%	+1.44	15 / 41
2019	+5.73%	+2.88%	+2.85	12 / 36
2018	+5.76%	+1.64%	+4.12	7 / 30
2017	+5.85%	+2.68%	+3.16	7 / 29
2016	+7.60%	+3.28%	+4.32	2 / 25
2015	+7.68%	+7.79%	-0.12	3 / 3

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

+5.66%

111 windows

min 2.1% · max 8.1%

100% positive

3-Year rolling

+5.20%

87 windows

min 3.4% · max 7.0%

100% positive

5-Year rolling

+5.05%

63 windows

min 4.4% · max 6.5%

100% positive

7-Year rolling

+5.17%

38 windows

min 5.0% · 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

0.63%

3-year · annualised

Sharpe ratio

0.06

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.19%

Jan 2024 → Jan 2024

% 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
27 Jan 2025	₹33.8816
24 Jan 2025	₹33.8661
23 Jan 2025	₹33.8343
22 Jan 2025	₹33.8294
21 Jan 2025	₹33.8253
20 Jan 2025	₹33.8232
17 Jan 2025	₹33.8121
16 Jan 2025	₹33.8040
15 Jan 2025	₹33.7974
14 Jan 2025	₹33.7756

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 27 Jan 2025, the NAV of JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units is ₹33.8816. 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) - Quarterly Bonus Option - Principal Units has NAV history starting from 23 Dec 2014, a track record of about 11 years 5 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) - Quarterly Bonus Option - Principal Units 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) - Quarterly Bonus Option - Principal Units has delivered a absolute return of 7.65% — +3.49 pp ahead of the Arbitrage Fund category average of 4.16%. The fund ranks #2 of 53 in its category — the top (Q1) quartile.

Over the trailing 3-year window, JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units has delivered a CAGR of 6.73% — +1.91 pp ahead of the Arbitrage Fund category average of 4.81%. The fund ranks #29 of 49 in its category — the third (Q3) quartile.

Over the trailing 5-year window, JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units has delivered a CAGR of 5.23% — +0.55 pp ahead of the Arbitrage Fund category average of 4.68%. The fund ranks #30 of 43 in its category — the third (Q3) quartile.

₹1 lakh invested in JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units exactly 10 years ago would be worth approximately ₹176,227 today — a multiplier of 1.76×, based on the 10-year CAGR of 5.83%. 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) - Quarterly Bonus Option - Principal Units over the last 5 years — total invested ₹600,000 — would be worth ₹704,404 today. That's an XIRR (money-weighted annualised return) of 6.34%.

A ₹10,000 monthly SIP for 10 years in JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units = ₹1,200,000 invested. It would currently be worth ₹1,606,006 (multiplier 1.34×). XIRR: 5.68%. 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) - Quarterly Bonus Option - Principal Units ranks #30 out of 43 funds in the Arbitrage Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 4.68%; this fund delivered 5.23%.

The worst peak-to-trough decline JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units has experienced over the last 5-year window is 0.54% — its NAV fell from a high on 29 May 2020 to a low on 09 Jul 2020. 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) - Quarterly Bonus Option - Principal Units averaged 5.05% (best 6.51%, worst 4.37%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.83 — negative risk-adjusted performance.

In calendar year 2024, JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units returned 7.80% — beating the Arbitrage Fund category average of 6.12% by 1.68 pp. It ranked #20 of 47 in its category that year.

JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units 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) - Quarterly Bonus Option - Principal Units 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: 0.5%. 5-year CAGR: 5.23%.

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

JM Arbitrage Fund (Direct) - Quarterly Bonus Option - Principal Units

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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