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2 star

JM Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low 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 3.15 0.01 0.07 0.30 0.84 1.71 3.36 4.78 5.71 6.42 --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 3.20 3.53 3.98 --
Debt: Liquid 3.11 0.01 0.06 0.30 0.83 1.68 3.32 4.80 5.62 6.31 --
Rank within category 10 10 6 11 4 6 11 24 19 11 --
Number of funds in category 38 39 39 39 39 39 38 35 34 33 1

As on 07-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Liquid Fund - Direct Plan
2 star
Jan-13 3.36 4.78 5.71 0.12% 971
ICICI Prudential Liquid Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.32 4.88 5.74 0.20% 37,504
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.34 4.92 5.79 0.18% 27,208
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.34 4.93 5.79 0.21% 27,111
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.30 4.89 5.76 0.22% 12,817

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.62 02-Feb-2019 - 09-Feb-2019 -0.35 26-Jan-2019 - 02-Feb-2019
Month 1.09 10-Nov-2018 - 10-Dec-2018 0.11 03-Jan-2019 - 02-Feb-2019
Quarter 2.72 24-Jul-2013 - 23-Oct-2013 0.75 21-Oct-2020 - 20-Jan-2021
Year 9.94 24-Jul-2013 - 24-Jul-2014 3.26 02-Jul-2020 - 02-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.71 0.48 1.94 9.62 0.97 1.52
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Liquid 4.73 0.47 2.01 11.93 0.99 1.55
Rank within category 24 17 24 26 11 24
Number of funds in category 35 35 35 35 35 35

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 19 26 8 20
Modified Duration (yrs) 0.06 0.09 0.06 --
Average Maturity (yrs) 0.06 0.10 0.01 --
Yield to Maturity (%) 3.62 3.62 2.88 --
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 02/12/2021 Treasury Bills SOV 0.00 - 10.27 10.27
equal Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 6.02 6.02
equal Bharti Airtel 45-D 01/11/2021 Commercial Paper A1+ 0.00 - 5.15 5.15
equal Reliance Retail Ventures 89-D 03/11/2021 Commercial Paper A1+ 0.00 - 5.15 5.15
new Reserve Bank of India 364-D 04/11/2021 Treasury Bills SOV 0.00 - 5.15 5.15
new Reliance Jio Infocomm 91-D 10/11/2021 Commercial Paper A1+ 0.00 - 5.15 5.15
equal ICICI Securities 76-D 18/11/2021 Commercial Paper A1+ 0.00 - 5.14 5.14
equal Tata Power Company 86-D 03/12/2021 Commercial Paper A1+ 0.00 - 5.13 5.13
equal Reliance Industries 91-D 07/12/2021 Commercial Paper A1+ 0.00 - 5.13 5.13
new Adani Ports and Special Economic Zone 90-D 30/12/2021 Commercial Paper A1+ 0.00 - 5.12 5.12
equal Axis Finance 143-D 20/12/2021 Commercial Paper A1+ 0.00 - 4.10 4.10
new Berger Paints India 32-D 26/11/2021 Commercial Paper A1+ 0.00 - 3.08 3.08
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 2.57 2.57
new Infina Finance 185-D 09/12/2021 Commercial Paper A1+ 0.00 - 2.56 2.56
equal Birla Group Holdings 90-D 23/12/2021 Commercial Paper A1+ 0.00 - 2.56 2.56
new UPL 91-D 07/01/2022 Commercial Paper A1+ 0.00 - 2.56 2.56
new Reliance Industries 91-D 11/01/2022 Commercial Paper A1+ 0.00 - 2.05 2.05
equal Reserve Bank of India 364-D 25/11/2021 Treasury Bills SOV 0.00 - 1.03 1.03
new Reserve Bank of India 91-D 16/12/2021 Treasury Bills SOV 0.00 - 1.03 1.03

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 01-Jan-2013

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 20-Aug-2021

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 07-Dec-2021

Growth: ₹ 57.5562

IDCW Weekly: ₹ 11.0060

More

IDCW Quarterly: ₹ 32.6769

IDCW Daily: ₹ 10.4302

Bonus: ₹ 18.5215


Investment Strategy

The scheme seeks to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in Debt and money market securities with maturity of upto 91 days only.

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 Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.05%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 971 Cr (As on 31-Oct-2021)
Expense: 0.12% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily07-Dec-20210.0009

 06-Dec-20210.0010
 05-Dec-20210.0010
 04-Dec-20210.0010
 03-Dec-20210.0010
 02-Dec-20210.0010
 01-Dec-20210.0010
 30-Nov-20210.0010
 29-Nov-20210.0010
 28-Nov-20210.0010
 27-Nov-20210.0010
 26-Nov-20210.0010
 25-Nov-20210.0011
 24-Nov-20210.0012
 23-Nov-20210.0010
 22-Nov-20210.0008
 21-Nov-20210.0010
 20-Nov-20210.0010
 19-Nov-20210.0010
 18-Nov-20210.0010
 17-Nov-20210.0011
 16-Nov-20210.0010
 15-Nov-20210.0010
 14-Nov-20210.0010
 13-Nov-20210.0010
IDCW Weekly07-Dec-20210.0073

 30-Nov-20210.0077
 23-Nov-20210.0074
 16-Nov-20210.0075
 09-Nov-20210.0095
 02-Nov-20210.0072
 26-Oct-20210.0054
 19-Oct-20210.0061
 12-Oct-20210.0082
 05-Oct-20210.0071
 28-Sep-20210.0060
 21-Sep-20210.0065
 14-Sep-20210.0066
 07-Sep-20210.0066
 31-Aug-20210.0072
 24-Aug-20210.0071
 17-Aug-20210.0078
 10-Aug-20210.0072
 03-Aug-20210.0070
 27-Jul-20210.0076
 20-Jul-20210.0072
 13-Jul-20210.0075
 06-Jul-20210.0068
 29-Jun-20210.0072
 22-Jun-20210.0071

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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