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5 star

JM Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.25 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a 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 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 1.50 -0.02 0.08 0.34 1.11 1.66 25.05 5.72 6.31 6.96 --
CCIL T Bill Liquidity Weight 0.86 0.00 0.06 0.17 0.51 0.97 2.13 3.57 3.79 4.22 --
Debt: Low Duration 1.88 -0.02 0.08 0.40 1.41 2.08 8.31 5.43 6.22 6.88 --
Rank within category 24 13 13 23 23 24 2 17 16 15 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 15-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Low Duration Fund - Direct Plan
5 star
Jan-13 25.05 5.72 6.31 0.42 128
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 6.57 7.88 7.77 0.42 30,234
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.09 7.93 7.80 0.44 24,543
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.51 8.20 8.03 0.40 16,526
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 6.47 8.18 8.25 0.39 12,765

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 20.06 01-Jul-2020 - 08-Jul-2020 -10.13 03-Jun-2019 - 10-Jun-2019
Month 21.05 08-Jun-2020 - 08-Jul-2020 -10.19 10-May-2019 - 10-Jun-2019
Quarter 23.01 09-Apr-2020 - 10-Jul-2020 -9.48 30-Apr-2019 - 30-Jul-2019
Year 27.22 26-Mar-2020 - 26-Mar-2021 -13.14 27-Mar-2019 - 26-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.45 13.55 0.16 0.27 -4.40 -1.26
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Low Duration 5.54 4.24 1.71 3.08 -0.53 0.84
Rank within category 15 23 18 17 2 20
Number of funds in category 24 24 24 24 24 24

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 15 5 61
Modified Duration (yrs) -- -- -- 0.75
Average Maturity (yrs) 0.53 0.82 0.49 0.96
Yield to Maturity (%) 3.72 4.55 3.36 4.46
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 91-D 03/06/2021 Treasury Bills SOV 0.00 - 19.46 19.46
equal Reserve Bank of India 182-D 15/07/2021 Treasury Bills SOV 0.00 - 19.38 19.38
up 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 12.15 12.15
equal Reserve Bank of India 364-D 10/06/2021 Treasury Bills SOV 0.00 - 11.88 11.67
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 4.74 4.05
equal 8.58% HDFC 18/03/2022 Debenture AAA 4.02 - 15.26 4.02
equal 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 3.99 - 8.11 4.02
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 3.99 - 8.17 4.01
equal 8.25% M&M Financial Services 19/04/2022 Debenture AAA 0.00 - 4.23 4.01
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 4.71 4.00
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 4.21 3.96
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.00 - 4.18 3.92

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-May-2021

Fund Manager

— Vikas Agrawal since 24-Sep-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 15-Jun-2021

Growth: ₹ 29.7126

IDCW Weekly: ₹ 11.4500

More

IDCW Fortnightly: ₹ 11.1288

IDCW Daily: ₹ 10.8481

Bonus: ₹ 17.8902


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 6 months - 12 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.37%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 128 Cr (As on 31-May-2021)
Expense: 0.42% (As on 31-Mar-2016)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0033

 11-Jun-20210.0016
 10-Jun-20210.0020
 09-Jun-20210.0035
 08-Jun-20210.0013
 07-Jun-20210.0042
 04-Jun-20210.0007
 03-Jun-20210.0025
 02-Jun-20210.0003
 01-Jun-20210.0019
 31-May-20210.0005
 28-May-20210.0010
 27-May-20210.0012
 25-May-20210.0016
 24-May-20210.0021
 21-May-20210.0033
 20-May-20210.0025
 19-May-20210.0001
 18-May-20210.0024
 17-May-20210.0023
 14-May-20210.0008
 12-May-20210.0005
 11-May-20210.0009
 10-May-20210.0030
 07-May-20210.0011
IDCW Fortnightly08-Jun-20210.0140

 25-May-20210.0159
 11-May-20210.0186
 27-Apr-20210.0179
 15-Apr-20210.0169
 31-Mar-20210.0288
 16-Mar-20210.0088
 02-Mar-20210.0113
 16-Feb-20210.0153
 02-Feb-20210.0095
 19-Jan-20210.0003
 05-Jan-20210.0212
 22-Dec-20200.0117
 08-Dec-20200.0107
 24-Nov-20200.0238
 10-Nov-20200.0810
 02-May-20190.0248
 16-Apr-20190.0150
 03-Apr-20190.0437
 19-Mar-20190.0249
 06-Mar-20190.0231
 20-Feb-20190.0233
 22-Jan-20190.0226
 08-Jan-20190.0246
 26-Dec-20180.0303
IDCW Weekly08-Jun-20210.0095

 01-Jun-20210.0049
 25-May-20210.0102
 18-May-20210.0062
 11-May-20210.0081
 04-May-20210.0111
 27-Apr-20210.0115
 20-Apr-20210.0070
 15-Apr-20210.0057
 06-Apr-20210.0118
 31-Mar-20210.0152
 23-Mar-20210.0144
 16-Mar-20210.0048
 09-Mar-20210.0044
 02-Mar-20210.0082
 23-Feb-20210.0034
 16-Feb-20210.0112
 09-Feb-20210.0045
 02-Feb-20210.0035
 27-Jan-20210.0064
 19-Jan-20210.0101
 05-Jan-20210.0135
 29-Dec-20200.0083
 22-Dec-20200.0064
 15-Dec-20200.0057

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

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM