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3 star

JM Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is 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 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 2.54 0.01 0.07 0.29 1.01 2.35 5.24 6.60 7.02 7.66 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 --
Debt: Liquid 2.59 0.01 0.06 0.29 1.03 2.40 5.29 6.46 6.81 7.50 --
Rank within category 28 16 10 24 26 28 28 22 12 7 --
Number of funds in category 39 39 39 39 39 39 39 35 34 33 1

As on 14-Jul-2020

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
3 star
Jan-13 5.24 6.60 7.02 0.15 3,137
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.64 6.75 7.08 0.21 36,679
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.60 6.74 7.07 0.19 30,604
Axis Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.55 6.71 7.04 0.15 27,032
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.61 6.71 7.03 0.21 17,858

Best & Worst Performance

Best (Period) Worst (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) 1.03 (06-Apr-2020 - 06-Jul-2020)
Year 9.94 (24-Jul-2013 - 24-Jul-2014) 5.26 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.47 0.31 3.74 4.99 0.44 1.70
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Liquid 6.33 0.50 3.67 4.95 0.58 1.73
Rank within category 22 27 26 25 11 27
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 26 28 14 40
Modified Duration (yrs) -- -- -- 0.12
Average Maturity (yrs) 0.09 0.10 0.03 0.10
Yield to Maturity (%) 3.34 6.49 3.34 3.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 12.86 12.86
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 6.36 6.36
new SIDBI 2020 Commercial Paper A1+ 0.00 - 4.71 4.71
equal ICICI Bank 17/07/2020 Certificate of Deposit A1+ 0.00 - 4.37 3.18
equal Power Finance Corp. 90-D 28/07/2020 Commercial Paper A1+ 0.00 - 4.37 3.18
new NTPC 91-D 03/08/2020 Commercial Paper A1+ 0.00 - 3.18 3.18
new ICICI Securities 90-D 01/09/2020 Commercial Paper A1+ 0.00 - 3.17 3.17
new National Fertilizers 90-D 03/09/2020 Commercial Paper A1+ 0.00 - 3.17 3.17
new Reliance Jio Infocomm 91-D 21/09/2020 Commercial Paper A1+ 0.00 - 3.16 3.16
equal L&T Finance 91-D 17/07/2020 Commercial Paper A1+ 0.00 - 4.28 3.12
equal Reserve Bank of India 91-D 30/07/2020 Treasury Bills SOV 0.00 - 3.71 2.70
equal Axis Bank 30/07/2020 Certificate of Deposit A1+ 0.00 - 3.28 2.38
new National Bank Agr. Rur. Devp 22/07/2020 Certificate of Deposit A1+ 0.00 - 1.59 1.59
new National Bank Agr. Rur. Devp 170-D 31/07/2020 Commercial Paper A1+ 0.00 - 1.59 1.59
new Reserve Bank of India 91-D 27/08/2020 Treasury Bills SOV 0.00 - 1.59 1.59
equal Axis Finance 91-D 26/08/2020 Commercial Paper A1+ 0.00 - 2.17 1.58
new Chennai Petroleum Corp. 72-D 03/09/2020 Commercial Paper A1+ 0.00 - 1.58 1.58
equal IDFC First Bank 27/08/2020 Certificate of Deposit A1+ 0.00 - 2.17 1.58
new Reliance Jio Infocomm 91-D 04/09/2020 Commercial Paper A1+ 0.00 - 1.58 1.58
new Axis Bank 18/09/2020 Certificate of Deposit A1+ 0.00 - 1.58 1.58
new Dalmia Cement (Bharat) Ltd 91-D 17/09/2020 Commercial Paper A1+ 0.00 - 1.58 1.58
new Reserve Bank of India 91-D 03/09/2020 Treasury Bills SOV 0.00 - 1.43 1.43
new Berger Paints India 40-D 28/07/2020 Commercial Paper A1+ 0.00 - 0.95 0.95
equal 8.75% M&M Financial Services 20/07/2020 Debenture AAA 0.00 - 1.10 0.80
new Reserve Bank of India 91-D 09/07/2020 Treasury Bills SOV 0.00 - 0.64 0.64

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 30-Jun-2020

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:


0.01%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 54.9862

Dividend Weekly: ₹ 11.0060

More

Dividend Quarterly: ₹ 31.2178

Dividend Daily: ₹ 10.4302

Bonus: ₹ 17.6853


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
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: 7.75%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,137 Cr (As on 30-Jun-2020)
Expense: 0.15% (As on 31-Mar-2016)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0009

 13-Jul-20200.0011
 12-Jul-20200.0009
 11-Jul-20200.0009
 10-Jul-20200.0008
 09-Jul-20200.0011
 08-Jul-20200.0010
 07-Jul-20200.0009
 06-Jul-20200.0006
 05-Jul-20200.0009
 04-Jul-20200.0009
 03-Jul-20200.0008
 02-Jul-20200.0009
 01-Jul-20200.0014
 30-Jun-20200.0013
 29-Jun-20200.0008
 28-Jun-20200.0009
 27-Jun-20200.0009
 26-Jun-20200.0010
 25-Jun-20200.0012
 24-Jun-20200.0010
 23-Jun-20200.0010
 22-Jun-20200.0012
 21-Jun-20200.0009
 20-Jun-20200.0009
Dividend Weekly14-Jul-20200.0072

 07-Jul-20200.0068
 30-Jun-20200.0075
 23-Jun-20200.0080
 16-Jun-20200.0084
 09-Jun-20200.0077
 02-Jun-20200.0064
 26-May-20200.0086
 19-May-20200.0092
 12-May-20200.0102
 05-May-20200.0090
 28-Apr-20200.0094
 21-Apr-20200.0123
 14-Apr-20200.0094
 07-Apr-20200.0105
 31-Mar-20200.0185
 17-Mar-20200.0074
 10-Mar-20200.0089
 03-Mar-20200.0079
 25-Feb-20200.0080
 18-Feb-20200.0080
 11-Feb-20200.0081
 04-Feb-20200.0079
 28-Jan-20200.0079
 21-Jan-20200.0079

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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