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3 star

JM Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a 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 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 2.49 0.03 0.10 0.14 0.80 1.73 3.29 5.16 5.75 6.57 7.43
CCIL T Bill Liquidity Weight* 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 3.33 3.62 4.06 4.52
Debt: Low Duration* 3.47 0.03 0.09 0.75 1.46 2.54 4.52 4.77 5.47 6.26 7.22
Rank within category* 24 5 4 22 19 22 24 17 15 12 13
Number of funds in category* 24 24 24 24 24 24 24 24 23 21 19

As on 18-Oct-2021

* As on 19-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Low Duration Fund
3 star
Sep-06 3.29 5.16 5.75 0.66% 136
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 5.09 7.56 7.34 0.52% 28,496
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 4.57 7.01 6.70 1.04% 22,082
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 3.98 6.91 6.74 1.22% 17,539
Axis Treasury Advantage Fund
4 star
Oct-09 4.10 7.01 6.87 0.61% 10,509

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 20.06 01-Jul-2020 - 08-Jul-2020 -10.13 03-Jun-2019 - 10-Jun-2019
Month 21.04 08-Jun-2020 - 08-Jul-2020 -10.20 10-May-2019 - 10-Jun-2019
Quarter 22.98 09-Apr-2020 - 10-Jul-2020 -9.51 30-Apr-2019 - 30-Jul-2019
Year 27.07 08-Nov-2019 - 09-Nov-2020 -13.23 27-Mar-2019 - 26-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.96 13.55 0.15 0.27 -3.98 -0.42
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Low Duration 4.96 4.36 1.42 2.87 -0.67 0.61
Rank within category 14 23 19 18 2 18
Number of funds in category 24 24 24 24 24 24

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 16 11 60
Modified Duration (yrs) 0.63 0.71 0.59 0.67
Average Maturity (yrs) 0.67 0.75 0.49 1.00
Yield to Maturity (%) 4.09 4.09 3.36 4.50
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
up Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 10.93 10.93
equal 9.60% Hindalco Inds. 2022 Bonds/NCDs AA+ 0.00 - 8.10 7.63
new 7.30% HDB Financial Services 29/06/2023 Debenture AAA 0.00 - 7.62 7.62
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 7.99 7.51
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 7.54 7.17
new 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 6.66 6.66
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.08 3.85
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 3.79 - 4.27 3.79
equal 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 3.78 - 4.25 3.78
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.98 3.77
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 3.76 - 4.24 3.76
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 3.98 3.76
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 3.75 - 4.23 3.75
equal 8.58% HDFC 18/03/2022 Debenture AAA 3.74 - 4.28 3.74
equal 8.25% M&M Financial Services 19/04/2022 Debenture AAA 0.00 - 4.23 3.74

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-Sep-2021

Fund Manager

— Shalini Tibrewala since 20-Aug-2021

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 24-Sep-2014

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

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

Funds Managed:


0.03%

Change from previous, NAV as on 18-Oct-2021

Growth: ₹ 29.7460

IDCW Weekly: ₹ 11.4189

More

IDCW Fortnightly: ₹ 11.0887

IDCW Daily: ₹ 10.8200

Bonus: ₹ 17.9210


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 Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months - 12 months.

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 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 27-Sep-2006
Return Since Launch: 7.50%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 136 Cr (As on 30-Sep-2021)
Expense: 0.66% (As on 30-Sep-2021)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily18-Oct-20210.0036

 14-Oct-20210.0015
 13-Oct-20210.0034
 12-Oct-20210.0025
 11-Oct-20210.0007
 21-Sep-20210.0010
 20-Sep-20210.0026
 17-Sep-20210.0008
 16-Sep-20210.0015
 13-Sep-20210.0027
 09-Sep-20210.0007
 08-Sep-20210.0004
 07-Sep-20210.0007
 06-Sep-20210.0015
 03-Sep-20210.0006
 02-Sep-20210.0019
 01-Sep-20210.0030
 31-Aug-20210.0015
 30-Aug-20210.0052
 27-Aug-20210.0012
 26-Aug-20210.0011
 25-Aug-20210.0009
 24-Aug-20210.0005
 23-Aug-20210.0027
 20-Aug-20210.0010
IDCW Fortnightly12-Oct-20210.0060

 28-Sep-20210.0043
 14-Sep-20210.0108
 31-Aug-20210.0146
 18-Aug-20210.0227
 03-Aug-20210.0145
 20-Jul-20210.0279
 06-Jul-20210.0116
 22-Jun-20210.0091
 08-Jun-20210.0126
 25-May-20210.0146
 11-May-20210.0173
 27-Apr-20210.0167
 15-Apr-20210.0156
 31-Mar-20210.0273
 16-Mar-20210.0075
 02-Mar-20210.0100
 16-Feb-20210.0139
 02-Feb-20210.0082
 19-Jan-20210.0092
 05-Jan-20210.0203
 22-Dec-20200.0112
 08-Dec-20200.0103
 24-Nov-20200.0233
 10-Nov-20200.0802
IDCW Weekly12-Oct-20210.0035

 21-Sep-20210.0072
 14-Sep-20210.0030
 07-Sep-20210.0081
 31-Aug-20210.0105
 24-Aug-20210.0045
 18-Aug-20210.0172
 10-Aug-20210.0062
 03-Aug-20210.0078
 27-Jul-20210.0072
 20-Jul-20210.0152
 13-Jul-20210.0134
 06-Jul-20210.0076
 29-Jun-20210.0043
 22-Jun-20210.0010
 15-Jun-20210.0085
 08-Jun-20210.0088
 01-Jun-20210.0041
 25-May-20210.0095
 18-May-20210.0056
 11-May-20210.0074
 04-May-20210.0104
 27-Apr-20210.0107
 20-Apr-20210.0065
 15-Apr-20210.0048

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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