JM Arbitrage Fund - Direct Plan: change in investment factsheets for February
15/03/2019 12:30
JM Arbitrage Fund - Direct Plan has announced change in investment factsheets and fund flash for the month ended February 28, 2019.

As on Feb 28, 2019, the total size of the Fund was Rs 853.78 crores, compared with Rs 1,002.00 crores in the last month. The Fund's NAV per unit was Rs 24.95 for Growth, while 52-Week High and Low ranges were Rs 24.95 and Rs 23.58 respectively.

The Equity - Hybrid fund with Growth plan was launched on Jan 01, 2013 and managed by Fund Managers Chaitanya Choksi, Asit Bhandarkar, Sanjay Kumar Chhabaria.

During the month under review, the Fund's portfolio added Godrej Consumer Products Ltd. (Rs 5.05 crs) while Tech Mahindra Ltd. (Rs 18.00 crs), Reliance Power Ltd. (Rs 13.36 crs), Axis Bank Ltd. (Rs 12.92 crs), Kotak Mahindra Bank Ltd. (Rs 8.64 crs), Balkrishna Industries Ltd. (Rs 5.71 crs), Cipla Ltd. (Rs 5.38 crs), Vedanta Ltd. (Rs 4.18 crs), Reliance Capital Ltd. (Rs 3.78 crs), Apollo Tyres Ltd. (Rs 3.25 crs), HDFC Bank Ltd. (Rs 2.50 crs), Bajaj Auto Ltd. (Rs 2.17 crs), Tata Communications Ltd. (Rs 1.59 crs), Bank of India (Rs 1.11 crs), IndusInd Bank Ltd. (Rs 0.99 crs), Bharti Infratel Ltd. (Rs 0.99 crs), Tata Motors Ltd. (Rs 0.98 crs), SREI Infrastructure Finance Ltd. (Rs 0.92 crs), Godfrey Phillips India Ltd. (Rs 0.78 crs), Zee Entertainment Enterprises Ltd. (Rs 0.69 crs), Wockhardt Ltd. (Rs 0.40 crs), CESC Ltd. (Rs 0.38 crs), were removed from the list.

The top five companies based on a percentage of total holdings were Reliance Industries Ltd. (92.94 Cr.), Adani Power Ltd. (40.16 Cr.), JSW Steel Ltd. (33.65 Cr.), Multi Commodity Exchange of India Ltd. (30.49 Cr.) and Yes Bank Ltd. (27.43 Cr.).

JM Arbitrage Fund - Direct Plan is promoted by JM Financial Mutual Fund and managed by JM Financial Asset Management Ltd..