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5 star

JM Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 3.13 0.02 0.07 0.33 0.67 1.77 3.38 5.10 5.72 6.60 --
CCIL T Bill Liquidity Weight 1.86 0.01 0.06 0.21 0.45 1.08 2.02 3.22 3.54 3.99 --
Debt: Low Duration 4.27 0.01 0.06 0.33 1.32 2.54 4.68 5.02 5.77 6.61 --
Rank within category 23 3 13 17 24 22 24 18 17 16 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 01-Dec-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 3.38 5.10 5.72 0.36% 136
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.47 7.37 7.21 0.40% 31,730
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.61 7.41 7.14 0.44% 21,669
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.34 7.53 7.45 0.40% 17,415
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.32 7.57 7.62 0.41% 11,005

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 5.81 13.55 0.15 0.27 -4.05 -0.45
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 5.11 4.37 1.60 3.37 -0.78 0.85
Rank within category 16 23 19 18 3 19
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 16 11 60
Modified Duration (yrs) 0.52 0.71 0.52 --
Average Maturity (yrs) 0.55 0.75 0.49 --
Yield to Maturity (%) 4.22 4.22 3.36 --
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 182-D 16/12/2021 Treasury Bills SOV 0.00 - 10.96 10.96
new 7.35% Bharat Petroleum Corporation 2022 Bonds AAA 0.00 - 7.80 7.80
equal 9.60% Hindalco Inds. 2022 Bonds/NCDs AA+ 0.00 - 8.10 7.59
equal 7.30% HDB Financial Services 29/06/2023 Debenture AAA 0.00 - 7.62 7.58
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 7.99 7.49
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 7.54 7.19
equal 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 6.68 6.68
new 9.90% OCL India 30/03/2022 Bonds AA+ 0.00 - 5.24 5.24
equal 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 3.76 - 4.25 3.76
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.98 3.75
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 3.74 - 4.24 3.74
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 3.74 - 4.23 3.74
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 3.98 3.74
equal 8.25% M&M Financial Services 19/04/2022 Debenture AAA 0.00 - 4.23 3.72
new Reliance Industries 91-D 11/01/2022 Commercial Paper A1+ 0.00 - 3.64 3.64

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-Oct-2021

Fund Manager

— Shalini Tibrewala since 20-Aug-2021

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 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 01-Dec-2021

Growth: ₹ 30.1881

IDCW Weekly: ₹ 11.4519

More

IDCW Fortnightly: ₹ 11.1271

IDCW Daily: ₹ 10.8500

Bonus: ₹ 18.1765


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: 7.16%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 136 Cr (As on 31-Oct-2021)
Expense: 0.36% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.0018

 30-Nov-20210.0012
 29-Nov-20210.0031
 26-Nov-20210.0009
 23-Nov-20210.0008
 22-Nov-20210.0023
 18-Nov-20210.0018
 17-Nov-20210.0016
 16-Nov-20210.0012
 15-Nov-20210.0038
 12-Nov-20210.0015
 11-Nov-20210.0021
 10-Nov-20210.0020
 09-Nov-20210.0031
 08-Nov-20210.0066
 03-Nov-20210.0016
 02-Nov-20210.0002
 01-Nov-20210.0018
 29-Oct-20210.0001
 28-Oct-20210.0004
 25-Oct-20210.0006
 22-Oct-20210.0010
 21-Oct-20210.0012
 20-Oct-20210.0011
 18-Oct-20210.0040
IDCW Weekly30-Nov-20210.0054

 23-Nov-20210.0068
 16-Nov-20210.0112
 09-Nov-20210.0119
 02-Nov-20210.0031
 26-Oct-20210.0026
 20-Oct-20210.0108
 12-Oct-20210.0054
 21-Sep-20210.0080
 14-Sep-20210.0037
 07-Sep-20210.0087
 31-Aug-20210.0113
 24-Aug-20210.0051
 18-Aug-20210.0180
 10-Aug-20210.0069
 03-Aug-20210.0086
 27-Jul-20210.0079
 20-Jul-20210.0159
 13-Jul-20210.0142
 06-Jul-20210.0083
 29-Jun-20210.0050
 22-Jun-20210.0017
 15-Jun-20210.0092
 08-Jun-20210.0095
 01-Jun-20210.0049
IDCW Fortnightly23-Nov-20210.0174

 09-Nov-20210.0146
 26-Oct-20210.0130
 12-Oct-20210.0073
 28-Sep-20210.0056
 14-Sep-20210.0121
 31-Aug-20210.0158
 18-Aug-20210.0241
 03-Aug-20210.0160
 20-Jul-20210.0292
 06-Jul-20210.0129
 22-Jun-20210.0104
 08-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

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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