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JM Ultra Short Duration Fund - Regular Plan Direct


1 Lakh

Investment declined to
₹ 0.98 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.19 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.36 0.01 0.11 0.45 -1.15 0.04 -1.86 3.97 6.09 7.01 --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 --
Debt: Ultra Short Duration 0.27 0.02 0.13 0.38 1.33 3.38 7.02 6.66 7.47 8.29 --
Rank within category 25 27 25 25 26 25 24 16 16 15 --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.54 (28-Mar-2016 - 04-Apr-2016) -5.15 (03-Jun-2019 - 10-Jun-2019)
Month 1.31 (11-Mar-2016 - 12-Apr-2016) -4.78 (03-Jun-2019 - 03-Jul-2019)
Quarter 3.01 (31-Jul-2013 - 30-Oct-2013) -3.83 (02-Apr-2019 - 02-Jul-2019)
Year 10.19 (24-Jul-2013 - 24-Jul-2014) -1.86 (24-Jan-2019 - 24-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.01 3.40 -0.50 -0.21 1.32 0.47
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Ultra Short Duration 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category 18 18 18 18 10 18
Number of funds in category 19 19 19 19 19 19

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 18 6 40
Modified Duration (yrs) -- -- -- 0.36
Average Maturity (yrs) 0.18 0.46 0.18 0.44
Yield to Maturity (%) 5.12 8.23 5.12 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 22.14 22.14
equal SIDBI 15/01/2020 Commercial Paper A1+ 0.00 - 18.61 18.61
equal National Bank Agr. Rur. Devp 18/02/2020 Commercial Paper A1+ 0.00 - 18.52 18.52
equal HDFC 352-D 27/02/2020 Commercial Paper A1+ 0.00 - 11.10 11.10
new Reserve Bank of India 91-D 12/03/2020 Treasury Bills SOV 0.00 - 7.39 7.39
new Reliance Jio Infocomm 100-D 13/03/2020 Commercial Paper A1+ 0.00 - 7.38 7.38
new ICICI Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 7.38 7.38
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.53 1.53

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-Dec-2019

Fund Manager

— Vikas Agrawal since 01-Jan-2013

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

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

Funds Managed:


0.04%

Change from previous, NAV as on 27-Jan-2020

Growth: ₹ 25.8012

Dividend Weekly: ₹ 10.1772

More

Dividend Fortnightly: ₹ 9.8337

Dividend Daily: ₹ 9.6718

Bonus: ₹ 26.0367


Investment Strategy

The scheme seeks to generate stable long term returns with low risk strategy and capital appreciation/ accretion besides preservation of capital through investments in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

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-Jan-2013
Return Since Launch: 7.04%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 27 Cr (As on 31-Dec-2019)
Expense: 0.46% (As on 31-Mar-2016)
Risk Grade: Above Average
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jun-20190.0059

 31-May-20190.0020
 30-May-20190.0003
 29-May-20190.0018
 28-May-20190.0013
 27-May-20190.0058
 24-May-20190.0022
 23-May-20190.0033
 22-May-20190.0007
 21-May-20190.0007
 20-May-20190.0053
 17-May-20190.0022
 14-May-20190.0002
 13-May-20190.0021
 10-May-20190.0017
 09-May-20190.0015
 08-May-20190.0019
 07-May-20190.0022
 06-May-20190.0042
 02-May-20190.0024
 30-Apr-20190.0039
 26-Apr-20190.0012
 25-Apr-20190.0003
 24-Apr-20190.0013
 23-Apr-20190.0007
Dividend Fortnightly28-May-20190.0218

 14-May-20190.0142
 02-May-20190.0158
 16-Apr-20190.0149
 03-Apr-20190.0306
 19-Mar-20190.0222
 06-Mar-20190.0205
 20-Feb-20190.0236
 05-Feb-20190.0173
 22-Jan-20190.0222
 08-Jan-20190.0235
 26-Dec-20180.0256
 11-Dec-20180.0234
 27-Nov-20180.0243
 13-Nov-20180.0230
 30-Oct-20180.0187
 16-Oct-20180.0234
 03-Oct-20180.0208
 18-Sep-20180.0151
 04-Sep-20180.0186
 21-Aug-20180.0214
 07-Aug-20180.0215
 24-Jul-20180.0187
 10-Jul-20180.0233
 26-Jun-20180.0254
Dividend Weekly28-May-20190.0140

 21-May-20190.0087
 14-May-20190.0079
 07-May-20190.0068
 02-May-20190.0095
 23-Apr-20190.0071
 16-Apr-20190.0087
 09-Apr-20190.0068
 03-Apr-20190.0230
 26-Mar-20190.0089
 19-Mar-20190.0137
 12-Mar-20190.0094
 06-Mar-20190.0122
 26-Feb-20190.0091
 20-Feb-20190.0117
 12-Feb-20190.0128
 05-Feb-20190.0063
 29-Jan-20190.0117
 22-Jan-20190.0107
 15-Jan-20190.0123
 08-Jan-20190.0134
 01-Jan-20190.0110
 26-Dec-20180.0133
 18-Dec-20180.0133
 11-Dec-20180.0113

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: www.JMFinancialmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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