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JM Money Market Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 6.10 0.40 1.22 6.49 6.78 7.35 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Money Market 7.70 0.49 1.64 8.17 7.35 7.79 --
Rank within category 17 19 19 17 12 12 --
Number of funds in category 17 19 19 17 13 13 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.21 (06-Sep-2013 - 08-Oct-2013) 0.10 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.03 (24-Jul-2013 - 23-Oct-2013) 1.25 (09-Aug-2019 - 08-Nov-2019)
Year 10.41 (24-Jul-2013 - 24-Jul-2014) 6.51 (24-May-2017 - 24-May-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.57 0.33 2.42 3.56 0.59 1.79
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Money Market 7.10 0.70 3.22 8.70 0.98 2.97
Rank within category 14 3 11 12 3 14
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 12 3 41
Modified Duration (yrs) -- -- -- 0.35
Average Maturity (yrs) 0.08 0.15 0.01 0.35
Yield to Maturity (%) 5.29 7.56 5.11 5.50

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new M&M Financial Services 364-D 03/12/2019 Commercial Paper A1+ 0.00 - 9.18 9.18
equal Adani Ports and Special Economic Zone 49-D 05/12/2019 Commercial Paper A1+ 0.00 - 9.17 9.17
equal L&T Finance Holdings 51-D 13/12/2019 Commercial Paper A1+ 0.00 - 9.16 9.16
new Chambal Fertilisers & Chem. 46-D 31/12/2019 Commercial Paper A1+ 0.00 - 9.14 9.14
new Century Textiles & Inds. 60-D 24/01/2020 Commercial Paper A1+ 0.00 - 9.11 9.11
new Punjab & Sind Bank 31/01/2020 Certificate of Deposit A1+ 0.00 - 9.10 9.10
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 9.09 9.09
new Reliance Jio Infocomm 90-D 25/02/2020 Commercial Paper A1+ 0.00 - 9.07 9.07
new Reserve Bank of India 182-D 05/12/2019 Treasury Bills SOV 0.00 - 4.59 4.59

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 30-Nov-2019

Fund Manager

— Shalini Tibrewala since 01-Aug-2018

Education: Ms. Tibrewala is a B.Com (H), ACA and CS.

Experience: She has been associated with JM Financials since 2003.

Funds Managed:

— 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:


0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 27.8776

Dividend Weekly: ₹ 10.6748

More

Dividend Fortnightly: ₹ 10.3229

Dividend Daily: ₹ 10.0508

Bonus: ₹ 15.4760


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 Money Market instruments having maturity of upto 1 year.

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
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 22 Cr (As on 30-Nov-2019)
Expense: 0.39% (As on 31-Mar-2016)
Risk Grade: --
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Dec-20190.0009

 12-Dec-20190.0009
 11-Dec-20190.0010
 10-Dec-20190.0009
 09-Dec-20190.0030
 06-Dec-20190.0012
 05-Dec-20190.0002
 04-Dec-20190.0009
 03-Dec-20190.0009
 02-Dec-20190.0029
 29-Nov-20190.0012
 28-Nov-20190.0012
 27-Nov-20190.0010
 26-Nov-20190.0010
 25-Nov-20190.0029
 22-Nov-20190.0010
 21-Nov-20190.0010
 20-Nov-20190.0010
 19-Nov-20190.0010
 18-Nov-20190.0029
 15-Nov-20190.0010
 14-Nov-20190.0010
 13-Nov-20190.0019
 11-Nov-20190.0029
 08-Nov-20190.0010
Dividend Fortnightly10-Dec-20190.0137

 26-Nov-20190.0129
 13-Nov-20190.0135
 30-Oct-20190.0150
 15-Oct-20190.0130
 01-Oct-20190.0143
 17-Sep-20190.0130
 04-Sep-20190.0157
 20-Aug-20190.0154
 06-Aug-20190.0159
 23-Jul-20190.0170
 09-Jul-20190.0227
 25-Jun-20190.0178
 11-Jun-20190.0192
 28-May-20190.0205
 14-May-20190.0175
 02-May-20190.0228
 16-Apr-20190.0181
 03-Apr-20190.0257
 19-Mar-20190.0183
 06-Mar-20190.0194
 20-Feb-20190.0219
 05-Feb-20190.0204
 22-Jan-20190.0206
 08-Jan-20190.0206
Dividend Weekly10-Dec-20190.0066

 03-Dec-20190.0076
 26-Nov-20190.0072
 19-Nov-20190.0062
 13-Nov-20190.0081
 05-Nov-20190.0059
 30-Oct-20190.0071
 23-Oct-20190.0083
 15-Oct-20190.0054
 09-Oct-20190.0081
 01-Oct-20190.0073
 24-Sep-20190.0075
 17-Sep-20190.0063
 11-Sep-20190.0073
 04-Sep-20190.0086
 27-Aug-20190.0078
 20-Aug-20190.0068
 14-Aug-20190.0091
 06-Aug-20190.0084
 30-Jul-20190.0081
 23-Jul-20190.0086
 16-Jul-20190.0091
 09-Jul-20190.0091
 02-Jul-20190.0104
 25-Jun-20190.0088

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM