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JM Income Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.96 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 years and above.

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.86 -0.05 -0.13 1.09 3.16 5.44 -4.37 2.45 4.32 5.04 --
VR Bond 4.43 0.08 0.03 0.98 2.35 4.79 8.44 7.08 7.46 7.41 --
Debt: Medium to Long Duration 5.31 0.04 -0.09 1.94 3.14 5.44 9.50 7.08 8.24 7.85 --
Rank within category 7 14 10 14 9 11 13 13 13 14 --
Number of funds in category 14 14 14 14 14 14 14 14 14 14 0

As on 03-Jun-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.11 (07-May-2013 - 14-May-2013) -9.69 (03-Jun-2019 - 10-Jun-2019)
Month 4.18 (14-Nov-2014 - 15-Dec-2014) -8.60 (03-Jun-2019 - 03-Jul-2019)
Quarter 8.38 (12-Sep-2014 - 12-Dec-2014) -7.39 (11-Mar-2019 - 10-Jun-2019)
Year 16.16 (26-Feb-2014 - 27-Feb-2015) -6.99 (19-Dec-2018 - 19-Dec-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.71 5.93 -0.45 -0.30 0.38 -3.26
VR Bond 6.95 1.98 0.79 1.73 -- --
Debt: Medium to Long Duration 7.03 3.49 0.66 1.55 1.27 -0.35
Rank within category 13 14 13 13 2 13
Number of funds in category 14 14 14 14 14 14

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

As on 31-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 3 7 2 19
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 5.84 6.82 3.70 --
Yield to Maturity (%) 6.56 8.55 5.83 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 49.90 49.90
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 20.21 20.21
equal 7.26% GOI 14/01/2029 GOI Securities SOV 9.27 - 44.54 19.69

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-Apr-2020

Fund Manager

— Vikas Agrawal since 13-Aug-2014

Education: Mr. Agarwal is a B.Com and PGDBM (Finance)

Experience: He has been associated with JM Financials since 2011.

Funds Managed:


-0.05%

Change from previous, NAV as on 03-Jun-2020

Growth: ₹ 51.7726

Dividend Quarterly: ₹ 18.2941

Bonus: ₹ 22.1958


Investment Strategy

The scheme seeks to provide high degree of liquidity, along with current income and capital preservation through a mix of debt and equity.

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
Return Since Launch: 5.73%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 22 Cr (As on 30-Apr-2020)
Expense: 0.40% (As on 31-Mar-2016)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly24-Jun-20130.3896

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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Shop for value or hold cash

dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM