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JM Money Market Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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 0.24 0.04 0.09 0.37 1.17 2.43 5.97 6.49 7.04 7.63 7.99
CCIL T Bill Liquidity Weight 0.19 0.03 0.02 0.25 0.81 1.86 4.19 4.14 4.47 4.79 4.69
Debt: Money Market 0.30 0.04 0.08 0.45 1.46 3.40 7.56 7.03 7.45 7.92 7.96
Rank within category 19 18 8 19 19 18 17 11 11 11 9
Number of funds in category 19 19 19 19 19 18 17 13 13 13 12

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.19 (06-Sep-2013 - 08-Oct-2013) 0.08 (24-Jun-2013 - 24-Jul-2013)
Quarter 2.98 (24-Jul-2013 - 23-Oct-2013) 1.07 (28-May-2007 - 27-Aug-2007)
Year 10.42 (07-Oct-2011 - 08-Oct-2012) 5.51 (02-Jul-2009 - 02-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.33 0.34 1.84 2.77 0.61 1.63
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Money Market 6.86 0.70 2.76 6.74 0.98 2.75
Rank within category 13 3 11 12 4 14
Number of funds in category 15 15 15 15 15 15

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 5 12 3 37
Modified Duration (yrs) -- -- -- 0.30
Average Maturity (yrs) 0.06 0.09 0.01 0.30
Yield to Maturity (%) 4.99 7.56 4.99 5.64

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Century Textiles & Inds. 60-D 24/01/2020 Commercial Paper A1+ 0.00 - 9.35 9.35
equal Punjab & Sind Bank 31/01/2020 Certificate of Deposit A1+ 0.00 - 9.34 9.34
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 9.33 9.33
equal Reliance Jio Infocomm 90-D 25/02/2020 Commercial Paper A1+ 0.00 - 9.30 9.30
new South Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 9.29 9.29

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

— Shalini Tibrewala since 01-Aug-2018

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 27-Jul-2011

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

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

Funds Managed:


0.04%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 27.5899

Dividend Weekly: ₹ 10.6509

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Dividend Fortnightly: ₹ 10.3192

Dividend Daily: ₹ 10.0418

Bonus: ₹ 15.3704


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 Money Market instruments having maturity of upto 1 year.

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: 27-Sep-2006
Return Since Launch: 7.91%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 21 Cr (As on 31-Dec-2019)
Expense: 0.45% (As on 30-Sep-2019)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.0009

 16-Jan-20200.0009
 15-Jan-20200.0008
 14-Jan-20200.0009
 13-Jan-20200.0026
 10-Jan-20200.0008
 09-Jan-20200.0009
 08-Jan-20200.0009
 07-Jan-20200.0009
 06-Jan-20200.0023
 03-Jan-20200.0008
 02-Jan-20200.0009
 01-Jan-20200.0009
 31-Dec-20190.0009
 30-Dec-20190.0026
 27-Dec-20190.0009
 26-Dec-20190.0017
 24-Dec-20190.0009
 23-Dec-20190.0026
 20-Dec-20190.0008
 19-Dec-20190.0009
 18-Dec-20190.0009
 17-Dec-20190.0009
 16-Dec-20190.0026
 13-Dec-20190.0009
Dividend Weekly14-Jan-20200.0063

 07-Jan-20200.0061
 31-Dec-20190.0065
 24-Dec-20190.0064
 17-Dec-20190.0065
 10-Dec-20190.0063
 03-Dec-20190.0073
 26-Nov-20190.0069
 19-Nov-20190.0059
 13-Nov-20190.0077
 05-Nov-20190.0057
 30-Oct-20190.0068
 23-Oct-20190.0080
 15-Oct-20190.0051
 09-Oct-20190.0079
 01-Oct-20190.0070
 24-Sep-20190.0073
 17-Sep-20190.0060
 11-Sep-20190.0069
 04-Sep-20190.0082
 27-Aug-20190.0074
 20-Aug-20190.0065
 14-Aug-20190.0089
 06-Aug-20190.0081
 30-Jul-20190.0077
Dividend Fortnightly07-Jan-20200.0122

 24-Dec-20190.0125
 10-Dec-20190.0132
 26-Nov-20190.0124
 13-Nov-20190.0130
 30-Oct-20190.0144
 15-Oct-20190.0125
 01-Oct-20190.0138
 17-Sep-20190.0125
 04-Sep-20190.0151
 20-Aug-20190.0148
 06-Aug-20190.0154
 23-Jul-20190.0165
 09-Jul-20190.0222
 25-Jun-20190.0172
 11-Jun-20190.0186
 28-May-20190.0200
 14-May-20190.0170
 02-May-20190.0223
 16-Apr-20190.0176
 03-Apr-20190.0250
 19-Mar-20190.0177
 06-Mar-20190.0189
 20-Feb-20190.0213
 05-Feb-20190.0199

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