JM Arbitrage Fund vs Samco Arbitrage Fund
JM Arbitrage Fund and Samco Arbitrage Fund are both Arbitrage funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +6.96% vs —, 5-year CAGR +6.46% vs —, volatility 0.56% vs 0.59%, maximum drawdown −0.54% vs −0.64%. Their portfolios overlap by 24.4% (15 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Samco Mutual Fund |
| Compared as | Arbitrage | Arbitrage |
| NAV | ₹37.7515 | ₹11.0400 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 3 Jan 2013 | 29 Nov 2024 |
| Track record | 13.8 yrs | 1.9 yrs |
| Fund size (AUM) | ₹341 Cr | ₹26 Cr |
| Securities held | 113 | 17 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| 1 month | +0.55% | +0.46% |
| 3 months | +1.47% | +1.01% |
| 6 months | +3.32% | +2.60% |
| 1 year | +6.41% | +5.14% |
| 3 years (CAGR) | +6.96% | — |
| 5 years (CAGR) | +6.46% | — |
| 7 years (CAGR) | +5.51% | — |
| 10 years (CAGR) | +5.63% | — |
| Since launch (CAGR) | +6.41% | +5.26% |
| SIP return (XIRR, 5 years) ⓘ | +6.80% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| 2026 (year to date) | +5.32% | +4.35% |
| 2025 | +6.61% | +5.27% |
| 2024 | +7.96% | — |
| 2023 | +7.39% | — |
| 2022 | +4.62% | — |
| 2021 | +3.16% | — |
Risk
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| Volatility (annualised) ⓘ | 0.56% | 0.59% |
| Downside volatility ⓘ | 0.40% | 0.68% |
| Sharpe ratio ⓘ | 0.82 | -2.10 |
| Sortino ratio ⓘ | 1.17 | -1.81 |
| Maximum drawdown ⓘ | −0.54% | −0.64% |
| Recovery from that fall | 2 months | 1 months |
| Current fall from peak | −0.14% | −0.18% |
| Rolling 1-year return: worst | +1.96% | +4.77% |
| Rolling 1-year return: median | +6.44% | +5.18% |
| Rolling 1-year return: best | +10.40% | +5.59% |
| Share of 1-year periods with a loss | 0.00% | 0.00% |
Against each fund's benchmark
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| Equity | 77.15% | 76.86% |
| Mutual Fund Units | 7.82% | 0.00% |
| Cash & equivalents | 7.79% | 23.14% |
| Debt | 7.25% | 0.00% |
Market-cap split (share of fund assets)
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| Large Cap | 57.73% | 69.84% |
| Mid Cap | 13.00% | 7.02% |
| Small Cap | 6.40% | 0.00% |
| Unclassified | 0.00% | 0.00% |
Concentration
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| Top 10 holdings | 36.49% | 56.46% |
| Effective number of stocks ⓘ | 45.8 | 24 |
| Securities held | 113 | 17 |
Portfolio overlap: 24.4%
15 companies are held by both funds; by weight, 24.4% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | JM Arbitrage | Samco Arbitrage |
|---|---|---|
| Reliance Industries Limited | 4.13% | 7.08% |
| Axis Bank Limited | 3.89% | 3.83% |
| Vodafone Idea Limited | 3.40% | 4.28% |
| Kotak Mahindra Bank Limited | 2.94% | 3.85% |
| ICICI Bank Limited | 4.54% | 2.85% |
| Eicher Motors Ltd. | 1.76% | 3.58% |
| Bajaj Finance Limited | 1.33% | 3.05% |
| Bharti Airtel Limited | 0.81% | 9.32% |
| Mahindra & Mahindra Limited | 0.80% | 3.63% |
| ITC Limited | 0.79% | 3.49% |
| HDFC Bank Limited | 0.70% | 7.80% |
| InterGlobe Aviation Limited | 0.55% | 4.89% |
| Shriram Finance Limited | 0.24% | 4.06% |
| HDFC Life Insurance Company Limited | 0.19% | 1.77% |
| Hindalco Industries Limited | 0.10% | 2.03% |
Top 10 holdings
JM Arbitrage
- JM Financial Mutual Fund7.82%
- ICICI Bank Limited4.54%
- Reliance Industries Limited4.13%
- Axis Bank Limited3.89%
- Vodafone Idea Limited3.40%
- Tata Steel Ltd.3.27%
- Kotak Mahindra Bank Limited2.94%
- State Bank of India2.60%
- Indus Towers Limited1.97%
- Adani Enterprises Limited1.92%
Samco Arbitrage
- Bharti Airtel Limited9.32%
- HDFC Bank Limited7.80%
- Reliance Industries Limited7.08%
- One 97 Communications Limited7.02%
- InterGlobe Aviation Limited4.89%
- Titan Company Limited4.33%
- Vodafone Idea Limited4.28%
- Shriram Finance Limited4.06%
- Kotak Mahindra Bank Limited3.85%
- Axis Bank Limited3.83%
Sector exposure
| JM Arbitrage | Samco Arbitrage | |
|---|---|---|
| Banks | 23.66% | 18.33% |
| Telecom - Services | 6.18% | 13.60% |
| Unclassified | 7.82% | 0.00% |
| Automobiles | 4.08% | 7.21% |
| Finance | 6.33% | 7.11% |
| Petroleum Products | 4.41% | 7.08% |
| Financial Technology (Fintech) | 0.00% | 7.02% |
| Sovereign | 5.80% | 0.00% |
| Ferrous Metals | 5.12% | 0.00% |
| Transport Services | 0.58% | 4.89% |
| Consumer Durables | 2.28% | 4.33% |
| Diversified FMCG | 1.17% | 3.49% |
| Pharmaceuticals & Biotechnology | 3.38% | 0.00% |
| Power | 2.62% | 0.00% |
Questions people ask
What is the difference between JM Arbitrage and Samco Arbitrage returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +6.41% vs +5.14%; 3-year CAGR +6.96% vs —; 5-year CAGR +6.46% vs —; 10-year CAGR +5.63% vs —. Past returns do not indicate future returns.
How do JM Arbitrage and Samco Arbitrage compare on risk?
Volatility (36 monthly returns, annualised) 0.56% vs 0.59%; Sharpe ratio 0.82 vs -2.10; Sortino ratio 1.17 vs -1.81; maximum drawdown −0.54% vs −0.64%; beta — vs —.
How much do JM Arbitrage and Samco Arbitrage overlap?
By weight, 24.4% of the two portfolios is invested in the same companies; 15 stocks are held by both, the largest shared positions being Reliance Industries Limited, Axis Bank Limited, Vodafone Idea Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of JM Arbitrage and Samco Arbitrage?
JM Arbitrage: large cap 57.7%, mid cap 13.0%, small cap 6.4%. Samco Arbitrage: large cap 69.8%, mid cap 7.0%, small cap 0.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.