JM Arbitrage Fund vs The Wealth Company Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Arbitrage Fund and The Wealth Company Arbitrage Fund are both Arbitrage funds. In the year to 30-10-2026, JM Arbitrage Fund (Direct) returned 6.4% and The Wealth Company Arbitrage Fund (Direct) returned 6.4%. JM Arbitrage Fund charges 1.42% a year and The Wealth Company Arbitrage Fund 1.50% (Direct plans). Their portfolios overlap 33.0%: they hold 36 of the same securities.
The Wealth Company Arbitrage Fund
Arbitrage
- 1 year return
- 6.4%
- Expense ratio
- 1.50%
- NAV
- ₹10.68
Which is better, JM Arbitrage or The Wealth Company Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- The Wealth Company Arbitrage returned more over 1 year: 6.4% against 6.4%.
- JM Arbitrage costs less: 1.42% a year against 1.50% (Direct plans).
- JM Arbitrage fell less in its worst fall since 17-10-2025: −0.5% against −0.6%.
- JM Arbitrage is the larger fund: ₹341 Cr against ₹138 Cr.
- Their portfolios overlap 33.0%: 36 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | JM Arbitrage Fund | The Wealth Company Arbitrage Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | The Wealth Company Mutual Fund |
| Category | Arbitrage | Arbitrage |
| AUM | ₹341 Cr (30-09-2026) | ₹138 Cr (30-09-2026) |
| NAV | ₹37.71 (Direct) | ₹10.68 (Direct) |
| Expense ratio (Direct) | 1.42% | 1.50% |
| Expense ratio (Regular) | 2.07% | 2.18% |
| Riskometer | Low | Low to Moderate |
| Benchmark | Nifty 50 Arbitrage Index | Nifty 50 Arbitrage TRI |
| Launch date | 18-07-2006 | 14-10-2025 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar | Aparna Shanker, Rouhak Shah, Neeraj Jain |
| Exit load | 0.5% of NAV on all investment (including SIP/STP/SWP) transactions, if redeemed / switched - out within 30 days of transfer / allotment of units in normal transactions / allotment of units of respective installments in SIP/STP/SWP transactions. | 0.25% - If redeemed/switched out within 7 days from the date of allotment, Nil - if redeemed/switched out after 7 days from the date of allotment. |
JM Arbitrage vs The Wealth Company Arbitrage: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| JM Arbitrage Fund (Direct) | +0.52% | +1.53% | +3.14% | +6.43% | +6.94% | +6.44% | +5.63% |
| The Wealth Company Arbitrage Fund (Direct) | +0.58% | +1.49% | +3.13% | +6.43% | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 39 Arbitrage funds, same plan type.
JM Arbitrage vs The Wealth Company Arbitrage: Year-wise Returns
| Year | JMJM Arbitrage | The Wealth CompanyThe Wealth Company Arbitrage |
|---|---|---|
| 2026to date | +5.21% | +5.30% |
| 2025 | +6.61% | -- |
| 2024 | +7.96% | -- |
| 2023 | +7.39% | -- |
| 2022 | +4.62% | -- |
| 2021 | +3.16% | -- |
JM Arbitrage vs The Wealth Company Arbitrage: Rolling Returns
Every holding period of both funds
JM Arbitrage vs The Wealth Company Arbitrage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM ArbitrageJM Arbitrage Fund (Direct) | ₹1,30,000 | ₹1,34,690 | ₹4,690 | 6.3% |
| The Wealth Company ArbitrageThe Wealth Company Arbitrage Fund (Direct) | ₹1,30,000 | ₹1,34,674 | ₹4,674 | 6.3% |
JM ArbitrageJM Arbitrage Fund (Direct)
The Wealth Company ArbitrageThe Wealth Company Arbitrage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
JM Arbitrage vs The Wealth Company Arbitrage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Arbitrage Fund (Direct) | The Wealth Company Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.43% | +6.43% |
| Standard deviation | 1.45% | 1.55% |
| Sharpe ratio | 0.82 | 0.77 |
| Sortino ratio | 1.24 | 1.19 |
| Maximum drawdown | −0.5% (06-08-2026) | −0.6% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | JM Arbitrage Fund (Direct) | The Wealth Company Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.41% | +6.41% |
| Standard deviation | 1.05% | 1.52% |
| Sharpe ratio | 0.34 | 0.75 |
| Sortino ratio | 0.50 | 1.17 |
| Maximum drawdown | −0.5% (09-07-2020) | −0.6% (06-08-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
JM Arbitrage Fund (Direct)
The Wealth Company Arbitrage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 days | −0.1% |
| The Wealth Company Arbitrage Fund (Direct) | −0.6% | 03-08-2026 | 06-08-2026 | 31-08-2026 | 25 days | 0.0% |
From daily values since 17-10-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
JM Arbitrage Fund (Direct)
The Wealth Company Arbitrage Fund (Direct)
JM Arbitrage vs The Wealth Company Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: JM Arbitrage Fund, September 2026; The Wealth Company Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 33.0%
- Held by both
- 36
- Only in JM Arbitrage
- 77
- Only in The Wealth Company Arbitrage
- 8
| Security | % of JM Arbitrage | % of The Wealth Company Arbitrage |
|---|---|---|
| ICICI Bank Limited | 4.54% | 7.72% |
| Axis Bank Limited | 3.89% | 6.62% |
| Vodafone Idea Limited | 3.40% | 4.30% |
| Tata Steel Limited | 3.27% | 3.46% |
| Bharat Heavy Electricals Limited | 1.76% | 4.99% |
| Indus Towers Limited | 1.97% | 1.75% |
| IDFC First Bank Limited | 1.73% | 2.41% |
| Adani Enterprises Limited | 1.92% | 1.43% |
| Yes Bank Ltd | 1.55% | 1.23% |
| Godrej Properties Limited | 0.98% | 4.23% |
| Life Insurance Corporation Of India | 1.02% | 0.96% |
| Canara Bank | 0.88% | 5.03% |
| Adani Energy Solutions Limited | 1.09% | 0.77% |
| HDFC Bank Limited | 0.70% | 4.98% |
| Bharti Airtel Limited | 0.81% | 0.61% |
| Biocon Limited | 0.54% | 2.08% |
| The Indian Hotels Company Limited | 0.94% | 0.42% |
| RBL Bank Limited | 0.41% | 1.39% |
| Reliance Industries Limited | 4.13% | 0.39% |
| NBCC (India) Limited | 0.93% | 0.37% |
| Bajaj Finance Limited | 1.33% | 0.37% |
| Bank of Baroda | 1.29% | 0.34% |
| Indian Energy Exchange Limited | 0.34% | 0.34% |
| Varun Beverages Limited | 1.65% | 0.32% |
| Crompton Greaves Consumer Electrical Ltd | 1.12% | 0.29% |
| Bandhan Bank Limited | 1.90% | 0.28% |
| HDFC Life Insurance Company Limited | 0.19% | 0.75% |
| Jio Financial Services Limited | 0.87% | 0.18% |
| Adani Green Energy Limited | 0.18% | 2.90% |
| Bharat Petroleum Corporation Limited | 0.14% | 0.61% |
| Kotak Mahindra Bank Limited | 2.94% | 0.12% |
| Cummins India Limited | 0.14% | 0.07% |
| GMR Airports Limited | 0.06% | 0.29% |
| Bharat Forge Limited | 0.06% | 2.45% |
| Dabur India Limited | 0.03% | 0.66% |
| Fortis Healthcare Limited | 0.02% | 0.35% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.0% means 33.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in JM Arbitrage Fund
| Security | % of fund |
|---|---|
| JM Financial Mutual Fund | 7.82% |
| State Bank of India | 2.60% |
| Eicher Motors Limited | 1.76% |
| 364 Days Treasury Bill 06-Nov-2026 | 1.46% |
| 182 Days Treasury Bill 19-Nov-2026 | 1.46% |
Largest holdings only in The Wealth Company Arbitrage Fund
| Security | % of fund |
|---|---|
| The Wealth Company Liquid Fund - Direct Growth | 25.09% |
| Samvardhana Motherson International Ltd | 1.17% |
| Marico Limited | 0.55% |
| Max Financial Services Limited | 0.40% |
| Bank of Maharashtra | 0.37% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Arbitrage | The Wealth Company Arbitrage |
|---|---|---|
| Equity | 77.1% | 68.8% |
| Debt | 7.3% | 0.0% |
| Cash and others | 15.6% | 31.2% |
Market cap of stocks
| Market cap | JM Arbitrage | The Wealth Company Arbitrage |
|---|---|---|
| Large Cap | 57.7% | 50.1% |
| Mid Cap | 13.0% | 15.6% |
| Small Cap | 6.4% | 3.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | JM Arbitrage | The Wealth Company Arbitrage |
|---|---|---|
| Banks | 23.7% | 30.5% |
| Telecom - Services | 6.2% | 6.7% |
| Finance | 6.3% | 0.8% |
| Ferrous Metals | 5.1% | 3.5% |
| Electrical Equipment | 2.5% | 5.0% |
| Petroleum Products | 4.4% | 1.0% |
| Realty | 1.1% | 4.2% |
| Automobiles | 4.1% | 0.0% |
| Power | 2.6% | 3.7% |
| Auto Components | 0.1% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
JM Arbitrage vs The Wealth Company Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Arbitrage Fund | The Wealth Company Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.42% | 1.50% |
| Base expense ratio (Direct) | 0.35% | 0.20% |
| Total expense ratio (Regular) | 2.07% | 2.18% |
| Base expense ratio (Regular) | 0.91% | 0.80% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare JM Arbitrage with
Compare The Wealth Company Arbitrage with
JM Arbitrage Fund vs The Wealth Company Arbitrage Fund: Frequently Asked Questions
What is the difference between JM Arbitrage Fund and The Wealth Company Arbitrage Fund?
Both are Arbitrage funds, run by JM Financial Mutual Fund and The Wealth Company Mutual Fund. Their portfolios overlap 33.0%. JM Arbitrage Fund charges 1.42% a year and The Wealth Company Arbitrage Fund 1.50%.
Which has given higher returns, JM Arbitrage Fund or The Wealth Company Arbitrage Fund?
Over 1 year: JM Arbitrage Fund +6.43%, The Wealth Company Arbitrage Fund +6.43%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM Arbitrage Fund or The Wealth Company Arbitrage Fund?
JM Arbitrage Fund charges less: 1.42% a year against 1.50%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Arbitrage Fund and The Wealth Company Arbitrage Fund overlap?
33.0%. They hold 36 of the same securities, the largest shared ones being ICICIBANK, AXISBANK, IDEA. From each fund's latest monthly portfolio.
Which is riskier, JM Arbitrage Fund or The Wealth Company Arbitrage Fund?
On SEBI's riskometer, JM Arbitrage Fund is rated Low and The Wealth Company Arbitrage Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 1.45% and 1.55% a year.
Can I invest in both JM Arbitrage Fund and The Wealth Company Arbitrage Fund?
Yes. 33.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JM Arbitrage Fund and The Wealth Company Arbitrage Fund?
JM Arbitrage Fund: Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar. The Wealth Company Arbitrage Fund: Aparna Shanker, Rouhak Shah, Neeraj Jain.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.