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2 star

JM Income Fund


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.18 0.06 0.15 0.48 2.35 6.27 4.62 1.60 3.28 4.95 5.47
VR Bond 5.56 0.04 -0.03 0.11 0.82 3.54 6.95 6.75 7.17 7.73 7.54
Debt: Medium to Long Duration 7.24 0.01 0.09 0.63 1.34 6.71 9.04 6.30 7.25 8.04 7.87
Rank within category 7 2 3 10 2 9 13 13 13 14 14
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 22-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Income Fund
2 star
Apr-95 4.62 1.60 3.28 1.16 35
ICICI Prudential Bond Fund  | Invest Now
4 star
Aug-08 11.70 8.07 8.54 1.13 3,976
SBI Magnum Income Fund  | Invest Online
5 star
Nov-98 12.63 8.30 8.99 1.45 1,473
IDFC Bond Fund Income Plan - Regular Plan
4 star
Jul-00 10.54 7.79 8.37 1.97 669
Nippon India Income Fund  | Invest Online
4 star
Jan-98 10.09 7.93 8.43 1.73 430

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.27 (31-Jan-1996 - 07-Feb-1996) -9.71 (03-Jun-2019 - 10-Jun-2019)
Month 21.95 (22-Jan-1996 - 22-Feb-1996) -9.97 (01-Jan-1996 - 31-Jan-1996)
Quarter 23.81 (22-Jan-1996 - 22-Apr-1996) -13.64 (23-Oct-1995 - 22-Jan-1996)
Year 24.74 (22-Jan-1996 - 22-Jan-1997) -7.91 (19-Dec-2018 - 19-Dec-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.62 6.11 -0.58 -0.42 0.47 -4.13
VR Bond 6.44 2.10 0.62 1.17 -- --
Debt: Medium to Long Duration 5.86 3.65 0.37 0.90 1.26 -0.92
Rank within category 13 14 13 13 2 13
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 4 2 18
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 6.71 6.88 4.58 --
Yield to Maturity (%) 5.32 7.07 5.32 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 43.91 43.48
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 17.84 17.68
equal 7.32% GOI 28/01/2024 GOI Securities SOV 15.31 - 49.90 15.31
equal 5.79% GOI 2030 GOI Securities SOV 0.00 - 22.85 13.99

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2020

*As on 31-Jul-2020

Fund Manager

— Vikas Agrawal since 13-Aug-2014

Education: Mr. Agarwal is a B.Com and PGDBM (Finance)

Experience: He has been associated with JM Financials since 2011.

Funds Managed:


0.06%

Change from previous, NAV as on 22-Sep-2020

Growth: ₹ 49.3404

Dividend Quarterly: ₹ 16.7760

Bonus: ₹ 20.1865


Investment Strategy

The scheme seeks to provide high degree of liquidity, along with current income and capital preservation through a mix of debt and equity.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 01-Apr-1995
Return Since Launch: 6.46%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 35 Cr (As on 31-Aug-2020)
Expense: 1.16% (As on 31-Mar-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly24-Jun-20130.3896

 14-Mar-20070.1754
 14-Jun-20060.0439
 14-Mar-20060.0544
 14-Dec-20050.0702
 14-Sep-20050.0773
 14-Jun-20050.1074
 14-Mar-20050.1008
 14-Dec-20040.0442
 14-Mar-20040.1250
 13-Dec-20030.2250
 14-Sep-20030.2500
 14-Jun-20030.2200
 14-Apr-20030.2000
 24-Dec-20020.5500
 24-Sep-20020.3500
 25-Jun-20020.1000
 21-Mar-20020.5750
 24-Dec-20010.3500
 25-Sep-20010.2500
 25-Jun-20010.2500
 23-Mar-20010.4000
 31-Dec-20000.2250
 23-Sep-20000.2000
 25-May-20000.1750

Contact Information

AMC: JM Financial Asset Management Ltd.

Address: Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025

Phone: 022-33797777 / 1800-103-8345

Fax: 022-26528388

Email: [email protected]

Website: http://www.JMFinancialmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Making sense of the rising market and shrinking GDP

dateFriday, 25-Sep-2020
time12:30 PM - 01:00 PM