Summary Info Fund Name : JM Financial Mutual Fund Scheme Name : JM Arbitrage Fund - Direct (Annual-B) AMC : JM Financial Mutual Fund Type : Open Category : Arbitrage Funds Launch Date : 01-Aug-2014 Fund Manager : Asit Bhandarkar Net Assets:(Rs cr) 482.50

NAV Details

NAV Date : 18-Sep-2026 NAV [Rs]: 19.21 Buy/Resale Price [Rs] : 0.00 Sell/Repurchase Price [Rs] : 0.00 Entry Load % : NIL Exit Load % : 0.50% if redeemed within 30 s of allotment / transfer of units.

NAV Chart

1 Week 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Since Inception

Latest Payouts

Dividends Bonus Ratio NA NA Date NA NA

Investment Details
Tax benefits :	NA
Min. Investment(Rs) :	1000
Increm.Investment(Rs) :	100

Performance(%)	Date : 18-Sep-2026
1 Week 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since Inception Scheme Return 0.10 0.48 1.52 2.89 6.35 6.96 6.36 0.07 Category Avg 0.24 0.58 1.63 3.01 6.37 6.88 6.23 5.69 Category Best 0.67 1.03 2.28 3.70 7.60 7.66 7.06 7.34 Category Worst 0.06 0.21 1.03 1.80 3.96 5.68 5.01 0.07

Asset Allocation

Bar Chart Pie Chart 3D Bar Chart 3D Pie Chart

Sector Allocation

Bar Chart Pie Chart 3D Bar Chart 3D Pie Chart

Holdings

31-Aug-2026

Company Name Sector Market Value No. Of Shares Hold     Rs Cr.   % Kotak Mah. Bank Banks 17.61 420000 3.65 HDFC Bank Banks 17.60 248300 3.65 ICICI Bank Banks 16.28 112000 3.38 Reliance Industr Refineries 15.13 118500 3.14 Axis Bank Banks 14.22 109375 2.95 Tata Steel Steel 13.18 715000 2.73 Vodafone Idea Telecom-Service 13.11 9148800 2.72 Bharti Airtel Telecom-Service 12.31 67925 2.55 Eicher Motors Automobile 9.86 12400 2.04 SBI Banks 9.70 91500 2.01 Larsen & Toubro Infrastructure Developers & Operators 8.78 21700 1.82 Bajaj Finance Finance 8.17 77250 1.69 B H E L Capital Goods - Electrical Equipment 7.55 170625 1.57 Adani Ports Marine Port & Services 7.34 46075 1.52 IDFC First Bank Banks 7.34 853300 1.52 Yes Bank Banks 7.24 3172200 1.50 Indus Towers Telecom Equipment & Infra Services 7.01 180200 1.45 Adani Enterp. Trading 6.45 22557 1.34 M & M Automobile 5.78 17600 1.20 NMDC Mining & Mineral products 5.60 634500 1.16 Bandhan Bank Banks 5.53 338400 1.15 JSW Steel Steel 5.38 41175 1.12 Maruti Suzuki Automobile 5.35 3950 1.11 Varun Beverages FMCG 5.21 130050 1.08 Power Fin.Corpn. Finance 4.90 145600 1.01 Sun Pharma.Inds. Pharmaceuticals 4.86 24500 1.01 ITC FMCG 4.45 174225 0.92 Crompton Gr. Con Consumer Durables 4.36 184900 0.90 S A I L Steel 4.31 220900 0.89 Godrej Propert. Realty 4.13 20475 0.85 Bank of Baroda Banks 4.12 172575 0.85 Asian Paints Paints/Varnish 4.11 15500 0.85 Adani Energy Sol Power Generation & Distribution 4.02 28350 0.83 Hind. Unilever FMCG 3.84 19500 0.80 Life Insurance Insurance 3.69 88200 0.76 Punjab Natl.Bank Banks 3.66 320000 0.76 NBCC Miscellaneous 3.47 403000 0.72 Jio Financial Finance 3.46 143350 0.72 Biocon Pharmaceuticals 3.40 82500 0.70 Canara Bank Banks 3.34 263250 0.69 LIC Housing Fin. Finance 3.28 61000 0.68 Indian Hotels Co Hotels & Restaurants 3.25 44000 0.67 Bajaj Finserv Finance 3.21 15900 0.67 Max Financial Finance 3.21 20400 0.67 Federal Bank Banks 3.03 85000 0.63 Shriram Finance Finance 2.93 26400 0.61 Ashok Leyland Automobile 2.72 155000 0.56 Grasim Inds Textiles 2.70 8000 0.56 Adani Power Power Generation & Distribution 2.53 127800 0.52 Interglobe Aviat Air Transport Service 2.51 4800 0.52 Hitachi Energy Capital Goods - Electrical Equipment 2.36 700 0.49 HDFC AMC Finance 2.20 8400 0.46 NTPC Power Generation & Distribution 2.11 64500 0.44 Info Edg.(India) E-Commerce/App based Aggregator 2.09 15950 0.43 Manappuram Fin. Finance 2.04 60000 0.42 Hindalco Inds. Non Ferrous Metals 1.99 19600 0.41 TVS Motor Co. Automobile 1.98 4550 0.41 DLF Realty 1.97 28500 0.41 AU Small Finance Banks 1.96 18000 0.41 Hind.Aeronautics Aerospace & Defence 1.94 4050 0.40 HDFC Life Insur. Insurance 1.91 35200 0.40 United Spirits Alcoholic Beverages 1.91 12800 0.40 TCS IT - Software 1.89 7875 0.39 RBL Bank Banks 1.81 47625 0.38 Cipla Pharmaceuticals 1.74 12325 0.36 Ambuja Cements Cement 1.73 43200 0.36 Lupin Pharmaceuticals 1.67 7650 0.35 Adani Green Power Generation & Distribution 1.60 13200 0.33 Glenmark Pharma. Pharmaceuticals 1.49 6000 0.31 Coal India Mining & Mineral products 1.46 36450 0.30 Tata Consumer FMCG 1.43 13750 0.30 Divi's Lab. Pharmaceuticals 1.42 1500 0.29 Indian Energy Ex Financial Services 1.31 108750 0.27 Muthoot Finance Finance 1.15 3850 0.24 Aurobindo Pharma Pharmaceuticals 1.13 6600 0.23 Tata Motors PVeh Automobile 1.04 33600 0.22 Mankind Pharma Pharmaceuticals 1.03 4250 0.21 Patanjali Foods FMCG 1.00 29025 0.21 UPL Agro Chemicals 0.99 17615 0.21 Colgate-Palmoliv FMCG 0.94 4950 0.19 UltraTech Cem. Cement 0.92 800 0.19 Tata Power Co. Power Generation & Distribution 0.91 26100 0.19 Hero Motocorp Automobile 0.90 1650 0.19 GMR Airports Miscellaneous 0.85 90675 0.18 Hindustan Zinc Non Ferrous Metals 0.73 12250 0.15 B P C L Refineries 0.70 21725 0.15 JSW Energy Power Generation & Distribution 0.67 12900 0.14 CG Power & Ind Capital Goods - Electrical Equipment 0.62 6800 0.13 APL Apollo Tubes Capital Goods-Non Electrical Equipment 0.62 2800 0.13 Cummins India Capital Goods-Non Electrical Equipment 0.51 1000 0.11 ICICI Pru Life Insurance 0.48 9250 0.10 PNB Housing Finance 0.45 3900 0.09 Torrent Pharma. Pharmaceuticals 0.44 875 0.09 Alkem Lab Pharmaceuticals 0.40 750 0.08 Bharat Electron Aerospace & Defence 0.35 8550 0.07 H P C L Refineries 0.30 8100 0.06 Dabur India FMCG 0.29 7500 0.06 Uno Minda Auto Ancillaries 0.28 2200 0.06 Vishal Mega Mart Retail 0.27 24250 0.06 ICICI Lombard Insurance 0.25 1625 0.05 Union Bank (I) Banks 0.25 13275 0.05 Kalyan Jewellers Diamond, Gems and Jewellery 0.24 4050 0.05 Cholaman.Inv.&Fn Finance 0.23 1250 0.05 IndusInd Bank Banks 0.21 2100 0.04 Bharat Forge Castings, Forgings & Fastners 0.21 1000 0.04 I O C L Refineries 0.20 14625 0.04 SBI Life Insuran Insurance 0.20 1125 0.04 GAIL (India) Gas Distribution 0.19 10650 0.04 Tube Investments Capital Goods-Non Electrical Equipment 0.17 600 0.03 GE Vernova T&D Capital Goods - Electrical Equipment 0.17 375 0.03 Rail Vikas Infrastructure Developers & Operators 0.16 7700 0.03 Prestige Estates Realty 0.15 900 0.03 Cams Services Financial Services 0.13 1650 0.03 Container Corpn. Logistics 0.13 2500 0.03 Apollo Hospitals Healthcare 0.11 125 0.02 Inox Wind Capital Goods - Electrical Equipment 0.09 12800 0.02 Bank of India Banks 0.07 5200 0.02 Fortis Health. Healthcare 0.07 775 0.01 Suzlon Energy Capital Goods - Electrical Equipment 0.06 12700 0.01 TBILL-364D T Bills 19.65 2000000 4.07 TBILL-182D T Bills 14.84 1500000 3.07 C C I Debt Others 24.79 24791 5.14 Net CA & Others Debt Others 3.24 0 0.67 JM Fin. MF Mutual Fund Units 31.48 4071383 6.53

Statistical Ratios

What is Beta ? Beta is a measure of the volatility of the portfolio to that of the index. In simple words it shows the movement of the portfolio in comparison. The Higher the Beta, higher the volatility of the scheme to the index. If its greater than1 , then the portfolio is highly volatile to the movemnts in the index. If the beta is lesser than 1 , then scheme is less volatile to the index and beta which is close to 1 implies that the scheme is closely following the index. Beta [%]* SD [%]* Sharpe Ratio [%]* Jensons Alpha [%]* ER [%]* 0.7253 0.1351 3.3576 0.1434 -0.7168