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2 star

JM Short Term Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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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(₹)
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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 8.21 0.02 0.17 0.37 3.57 7.01 4.20 3.42 5.33 6.30 7.05
CCIL T Bill Liquidity Weight 2.45 -0.01 0.04 0.13 0.54 1.57 3.39 3.97 4.19 4.65 4.76
Debt: Short Duration 6.68 0.02 0.20 0.42 2.35 6.51 10.60 6.02 6.96 7.64 7.90
Rank within category 2 17 21 15 4 18 25 21 21 21 19
Number of funds in category 27 27 27 27 27 27 27 24 24 24 21

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 Short Term Fund
2 star
Apr-03 4.20 3.42 5.33 0.70 30
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 10.47 7.95 8.50 1.16 17,228
SBI Short Term Debt Fund
4 star
Jul-07 9.62 7.80 8.10 0.84 17,109
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 10.89 8.67 8.60 0.74 13,154
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 9.91 8.19 8.14 0.80 13,052

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.13 (03-Jul-2020 - 10-Jul-2020) -22.19 (14-Jun-2007 - 21-Jun-2007)
Month 5.15 (18-Nov-2008 - 18-Dec-2008) -21.87 (22-May-2007 - 21-Jun-2007)
Quarter 10.76 (29-Sep-2008 - 30-Dec-2008) -20.74 (30-May-2007 - 29-Aug-2007)
Year 19.17 (31-Jul-2008 - 31-Jul-2009) -18.17 (09-Oct-2006 - 09-Oct-2007)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.37 4.22 -0.42 -0.33 0.88 -0.74
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Short Duration 5.89 3.50 0.68 1.46 0.75 1.63
Rank within category 22 19 24 24 9 20
Number of funds in category 25 25 25 25 25 25

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 5 5 3 58
Modified Duration (yrs) -- -- -- 2.30
Average Maturity (yrs) 2.91 3.74 1.59 2.91
Yield to Maturity (%) 4.61 6.00 4.47 5.61

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 38.20 22.45
equal 7.32% GOI 28/01/2024 GOI Securities SOV 10.18 - 40.73 19.73
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 10.35 10.19
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 8.75 8.75
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 8.69 8.69

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

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:


0.02%

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

Growth: ₹ 26.4336

Dividend Fortnightly: ₹ 10.6002

Dividend Daily: ₹ 14.0690


Investment Strategy

The scheme aims to generate regular returns & high liquidity with low risk strategy and capital appreciation through investments in debt & money market instruments with varied yields and maturity profiles.

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: 04-Apr-2003
Return Since Launch: 7.78%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 30 Cr (As on 31-Aug-2020)
Expense: 0.70% (As on 31-Mar-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly27-May-20190.0316

 13-May-20190.0117
 30-Apr-20190.0184
 15-Apr-20190.0066
 02-Apr-20190.0462
 18-Mar-20190.0263
 06-Mar-20190.0207
 20-Feb-20190.0249
 22-Jan-20190.0182
 08-Jan-20190.0138
 26-Dec-20180.0431
 11-Dec-20180.0339
 27-Nov-20180.0292
 13-Nov-20180.0158
 30-Oct-20180.0079
 16-Oct-20180.0249
 03-Oct-20180.0080
 18-Sep-20180.0053
 04-Sep-20180.0113
 21-Aug-20180.0195
 07-Aug-20180.0236
 24-Jul-20180.0213
 10-Jul-20180.0188
 26-Jun-20180.0263
 12-Jun-20180.0069
Dividend Daily10-Oct-20140.0088

 07-Oct-20140.0157
 01-Oct-20140.0024
 26-Sep-20140.0083
 25-Sep-20140.0008
 24-Sep-20140.0011
 22-Sep-20140.0083
 19-Sep-20140.0007
 18-Sep-20140.0058
 17-Sep-20140.0031
 16-Sep-20140.0024
 15-Sep-20140.0058
 12-Sep-20140.0021
 11-Sep-20140.0026
 08-Sep-20140.0085
 05-Sep-20140.0020
 04-Sep-20140.0009
 03-Sep-20140.0002
 02-Sep-20140.0047
 01-Sep-20140.0070
 27-Aug-20140.0029
 26-Aug-20140.0016
 20-Aug-20140.0099
 19-Aug-20140.0075
 14-Aug-20140.0053

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

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