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JM Short Term Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.96 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.16 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

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 like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.25 0.05 0.10 0.55 -2.16 -3.07 -4.16 2.39 4.74 6.01 --
Debt: Short Duration 0.21 0.02 -0.06 0.61 1.47 3.08 5.22 6.00 7.22 7.90 --
Rank within category 26 1 14 26 28 27 26 25 24 22 --
Number of funds in category 29 29 29 29 29 29 28 26 26 24 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 10.17 (31-Jan-2013 - 02-Mar-2013) -7.89 (02-Mar-2013 - 02-Apr-2013)
Quarter 4.23 (12-Sep-2014 - 12-Dec-2014) -4.10 (13-Sep-2019 - 13-Dec-2019)
Year 11.90 (31-Jan-2014 - 02-Feb-2015) -4.31 (14-Jan-2019 - 14-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.62 3.83 -0.81 -0.52 3.04 1.90
Debt: Short Duration 6.13 3.00 0.63 1.30 3.48 6.13
Rank within category 26 20 27 27 8 25
Number of funds in category 27 27 27 27 27 27

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 3 13 3 57
Modified Duration (yrs) -- -- -- 2.04
Average Maturity (yrs) 1.85 2.40 1.09 2.49
Yield to Maturity (%) 5.49 8.62 5.28 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 29.08 18.41
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 10.58 10.53
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 10.11 10.11

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-Dec-2019

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 17-Jan-2020

Growth: ₹ 24.9253

Dividend Fortnightly: ₹ 9.8675

Dividend Daily: ₹ 13.4979


Investment Strategy

The scheme aims to generate regular returns & high liquidity with low risk strategy and capital appreciation through investments in debt & money market instruments with varied yields and maturity profiles.

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: 6.06%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 10 Cr (As on 31-Dec-2019)
Expense: 0.67% (As on 31-Mar-2016)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly28-May-20190.0326

 14-May-20190.0124
 02-May-20190.0193
 16-Apr-20190.0073
 03-Apr-20190.0472
 19-Mar-20190.0263
 06-Mar-20190.0215
 20-Feb-20190.0266
 22-Jan-20190.0189
 08-Jan-20190.0145
 26-Dec-20180.0441
 11-Dec-20180.0347
 27-Nov-20180.0301
 13-Nov-20180.0166
 30-Oct-20180.0087
 16-Oct-20180.0256
 03-Oct-20180.0089
 18-Sep-20180.0060
 04-Sep-20180.0121
 21-Aug-20180.0204
 07-Aug-20180.0243
 24-Jul-20180.0221
 10-Jul-20180.0196
 26-Jun-20180.0271
 12-Jun-20180.0077
Dividend Daily20-Oct-20140.0081

 16-Oct-20140.0081
 14-Oct-20140.0070
 13-Oct-20140.0088
 10-Oct-20140.0019
 08-Oct-20140.0071
 07-Oct-20140.0164
 01-Oct-20140.0028
 26-Sep-20140.0087
 25-Sep-20140.0013
 24-Sep-20140.0015
 22-Sep-20140.0089
 19-Sep-20140.0008
 18-Sep-20140.0057
 17-Sep-20140.0033
 16-Sep-20140.0024
 15-Sep-20140.0063
 12-Sep-20140.0024
 11-Sep-20140.0028
 08-Sep-20140.0088
 05-Sep-20140.0025
 04-Sep-20140.0012
 03-Sep-20140.0004
 02-Sep-20140.0050
 01-Sep-20140.0073

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM