JM Arbitrage Fund Direct-Growth
Hybrid: Arbitrage - Growth (Open ended)
SEBI Riskometer: LowCategory: Hybrid: ArbitrageBenchmark: NIFTY 50 Arbitrage Total Return Index Check Portfolio Overlap →
NAV: ₹37.74+0.20%
23 Oct 2026
Holdings Analysis
Equity, debt and cash allocation snapshot with market cap distribution for JM Arbitrage Fund Direct-Growth.
Market Cap Distribution
Large Cap (74.8%)
Mid Cap (16.9%)
Small Cap (8.3%)
Historical Asset Allocation
| Asset | 30 Sep 2026 | 31 Aug 2026 | 31 Jul 2026 | 30 Jun 2026 | 31 May 2026 | 30 Apr 2026 |
|---|---|---|---|---|---|---|
| Equity | -0.31% | -0.47% | -0.25% | -0.44% | -0.66% | -0.38% |
| Debt | 13.68% | 18.71% | 12.67% | 12.82% | 15.23% | 14.46% |
| Others (incl. cash) | 86.63% | 81.76% | 87.58% | 87.63% | 85.43% | 85.92% |
| Commodities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Portfolio Snapshot
No. of Securities
114
P/E Ratio
17.03
P/B Ratio
2.39
Top Holding %
85.23%
Top 5 Holdings %
105.61%
Top 10 Holdings %
119.80%
Modified Duration
0.10 yrs
Avg. Maturity
0.11 yrs
Yield to Maturity
4.72%
AUM
₹341 Cr
Expense Ratio
1.42%
Since Inception
6.42%
Max Drawdown
-0.01%
Sharpe Ratio
2.28
Top Portfolio Holdings by Weight
Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.
| Instrument | Sector | No. of Shares | Value (Rs. Cr) | Weight | Change |
|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 1,16,900 | 15.45 | 4.54% | 1.16%↑ |
| Reliance Industries Ltd. | Energy | 1,18,500 | 14.07 | 4.13% | 0.99%↑ |
| Axis Bank Ltd. | Financial | 1,08,125 | 13.26 | 3.89% | 0.95%↑ |
| Vodafone Idea Ltd. | Communication | 89,34,375 | 11.57 | 3.40% | 0.68%↑ |
| Tata Steel Ltd. | Metals & Mining | 6,05,000 | 11.15 | 3.27% | 0.54%↑ |
| Kotak Mahindra Bank Ltd. | Financial | 2,40,000 | 10.01 | 2.94% | -0.71%↓ |
| State Bank of India | Financial | 92,250 | 8.85 | 2.60% | 0.59%↑ |
| Indus Towers Ltd. | Communication | 1,80,200 | 6.73 | 1.97% | 0.52%↑ |
| Adani Enterprises Ltd. | Services | 22,557 | 6.55 | 1.92% | 0.59%↑ |
| Bandhan Bank Ltd. | Financial | 3,63,600 | 6.48 | 1.90% | 0.76%↑ |
| Eicher Motors Ltd. | Automobile | 8,400 | 6.01 | 1.76% | -0.28%↓ |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1,44,375 | 6 | 1.76% | 0.20%↑ |
| IDFC First Bank Ltd. | Financial | 7,23,450 | 5.89 | 1.73% | 0.21%↑ |
| Varun Beverages Ltd. | Consumer Staples | 1,30,050 | 5.62 | 1.65% | 0.57%↑ |
| Yes Bank Ltd. | Financial | 25,19,100 | 5.28 | 1.55% | 0.05%↑ |
| Power Finance Corporation Ltd. | Financial | 1,45,600 | 4.74 | 1.39% | 0.38%↑ |
| NMDC Ltd. | Metals & Mining | 6,07,500 | 4.65 | 1.37% | 0.21%↑ |
| Bajaj Finance Ltd. | Financial | 47,250 | 4.53 | 1.33% | -0.36%↓ |
| Bank Of Baroda | Financial | 1,90,125 | 4.38 | 1.29% | 0.43%↑ |
| Maruti Suzuki India Ltd. | Automobile | 3,650 | 4.37 | 1.28% | 0.17%↑ |
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Sector-wise Portfolio Allocation
Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.
| Sector | 30 Sep 2026 | 31 Aug 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 | 31 Jul 2025 |
|---|---|---|---|---|---|---|
| Chemicals | 0.00% | - | 0.00% | - | 0.00% | - |
| Healthcare | - | 0.04% | - | - | - | - |
| Capital Goods | - | 0.03% | - | - | 0.00% | - |
| Materials | - | 0.02% | - | - | - | - |
| Technology | - | 0.01% | - | - | - | - |
| Consumer Staples | - | - | - | 0.00% | - | 0.00% |
| Metals & Mining | - | - | - | - | 0.19% | - |
| Financial | - | - | - | - | 0.07% | - |
| Automobile | - | - | - | - | 0.02% | - |
| Energy | - | - | - | - | 0.01% | - |
| Insurance | - | - | - | - | 0.01% | - |
Debt Holdings — Credit Quality Profile
Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.
| Rating | Fund | Category |
|---|---|---|
| Cash | 77.45% | 43.60% |
| Cash & Call Money | 9.19% | 32.77% |
| SOV | 7.61% | 4.57% |
| A1+ | 5.92% | 15.24% |
| AA | 0.12% | 0.16% |
| Others | 0.04% | 0.45% |
| A1 | - | 0.01% |
| AA+ | - | 0.24% |
| AA- | - | 0.09% |
| AAA | - | 0.81% |
| Term Deposits | - | 0.44% |
Frequently Asked Questions
What are the top holdings of JM Arbitrage Fund Direct-Growth?
The top holdings of JM Arbitrage Fund Direct-Growth as of 30 Sep 2026 are Others (85.23%), JM Liquid Fund Direct-Growth (7.82%), ICICI Bank Ltd. (4.54%), Reliance Industries Ltd. (4.13%), Axis Bank Ltd. (3.89%). These top 5 stocks together account for 105.61% of the total portfolio. You can view the complete holdings breakdown above.
How many stocks does JM Arbitrage Fund Direct-Growth hold in its portfolio?
JM Arbitrage Fund Direct-Growth holds 114 stocks in its portfolio as of 30 Sep 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.
What is the sector allocation of JM Arbitrage Fund Direct-Growth?
As of 30 Sep 2026, JM Arbitrage Fund Direct-Growth's top sector allocations are Chemicals (0.00%). You can find detailed sector allocation above.
What is the equity and debt allocation of JM Arbitrage Fund Direct-Growth?
As of 30 Sep 2026, JM Arbitrage Fund Direct-Growth has -0.31% allocated to equity, and 13.68% to debt. You can also check the historical trends above.
What is the market cap allocation of JM Arbitrage Fund Direct-Growth?
As of 30 Sep 2026, JM Arbitrage Fund Direct-Growth's market cap allocation is 74.85% in large caps, 16.85% in mid caps, and 8.30% in small caps.
What is the PE ratio of JM Arbitrage Fund Direct-Growth's portfolio?
The portfolio PE ratio of JM Arbitrage Fund Direct-Growth is 17.03 as of 30 Sep 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.
What is the credit quality of JM Arbitrage Fund Direct-Growth?
As of 30 Sep 2026, JM Arbitrage Fund Direct-Growth's debt portfolio has - in AAA-rated instruments, 0.12% in AA-rated, and 7.61% in sovereign securities. Higher allocation to AAA and sovereign instruments indicates lower credit risk in the non-equity portion of the portfolio.
When is the latest portfolio disclosure for JM Arbitrage Fund Direct-Growth?
The latest portfolio disclosure for JM Arbitrage Fund Direct-Growth is as of 30 Sep 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.