PunjiPUNJI
Live AI ↗
Arbitrage FundJM Financial Asset Management Limited

JM Arbitrage Fund (Direct) - Growth Option

Benchmark: Nifty 50 Arbitrage · Riskometer: Low

₹37.305

NAV (2026-08-31)

₹482.416 Cr

AUM (2026-08-31)

1.42%

EXPENSE RATIO (DIRECT)

2006-06-01

INCEPTION

CQuality · 53.4/100
?Safety · -/100
CCompound · 60/100

Punji Fund Health Score - percentile-within-category. See methodology.

CHART

Rolling CAGR by holding period - min, median, max

Each group is one holding-period length. Full range of outcomes across every overlapping window in the fund's history, not one trailing number.

0%2.9%5.8%8.7%12%1Y3Y5Y7Y10Y
Min rolling CAGRMedian rolling CAGRMax rolling CAGR
MetricValuePercentileCategory median
3Y Rolling CAGR6.1%30.77th 6.6%

Arbitrage funds target a small, steady spread rather than market returns, so beta and alpha against an equity index describe nothing useful.

CHART

Top sector holdings

Share of portfolio (% to NAV) in each of the top sectors.

21.7215%21.4147%6.5765%TOP 33100%
Banks 21.7215%Other 21.4147%Telecom - Services 6.5765%Retailing 4.967%Ferrous Metals 4.9256%Automobiles 4.8123%Petroleum Products 3.7834%Finance 3.3761%Construction 2.8267%Pharmaceuticals & Biotechnology 2.6669%Power 2.5956%Realty 2.3499%Transport Infrastructure 2.0924%Beverages 1.9916%Electrical Equipment 1.9831%Metals & Minerals Trading 1.7902%Insurance 1.7119%Minerals & Mining 1.4125%Consumer Durables 1.2893%Cement & Cement Products 1.2603%Aerospace & Defense 1.0173%Diversified FMCG 0.7424%Leisure Services 0.6159%Consumable Fuels 0.3873%Non - Ferrous Metals 0.3821%Agricultural Food & other Products 0.3738%Fertilizers & Agrochemicals 0.2428%Transport Services 0.1729%Capital Markets 0.1412%Auto Components 0.1346%Industrial Products 0.1309%Personal Products 0.0828%Healthcare Services 0.0284%

TOP HOLDINGS

JM Financial Mutual Fund ()6.0692%
CCIL ()6.0199%
HDFC Bank Limited (Banks)4.9759%
ICICI Bank Limited (Banks)3.9256%
Kotak Mahindra Bank Limited (Banks)3.8964%
Reliance Industries Limited (Petroleum Products)3.6529%
Vodafone Idea Limited (Telecom - Services)3.4582%
Eternal Limited (Retailing)2.7172%
Tata Steel Limited (Ferrous Metals)2.6903%
Net Receivable/Payable ()2.3199%

Arbitrage funds all target the same small, steady spread, so behaviour-based matching cannot separate them.

17.815

P/E Ratio

7.8201

P/B Ratio

1.1171

Dividend Yield (%)

10.75

Portfolio Turnover - Total (%)

5.13

YTM (%)

0.11

Macaulay Duration (yrs)

0.11

Modified Duration (yrs)

0.11

Avg Maturity (yrs)

CHART

Asset Allocation

As of Jul-2026

78.59%7.01%8.34%TOP 394%
Equity 78.59%Debt 7.01%Cash 8.34%

CHART

Market Cap Split

As of Jul-2026

54.51%17.74%27.74%TOP 3100%
Large 54.51%Mid 17.74%Small 27.74%

CHART

Credit Quality

As of Jul-2026

7.01%TOP 47%
AAA 0%AA 0%Sovereign 7.01%Other 0%

Portfolio analytics as of Jul-2026.

Data as of 2026-09-02. Source: AMFI disclosures via Punji. Not investment advice.