VR Logo

Unrated

JM Overnight Fund - Regular Plan


Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.71 0.01 0.09 0.41 -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 -- -- -- -- -- -- --
Debt: Overnight 0.70 0.01 0.09 0.40 -- -- -- -- -- -- --
Rank within category 12 13 10 8 -- -- -- -- -- -- --
Number of funds in category 22 24 24 23 21 14 8 3 3 3 3

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.09 (09-Feb-2020 - 16-Feb-2020) 0.07 (29-Dec-2019 - 05-Jan-2020)
Month 0.40 (17-Jan-2020 - 16-Feb-2020) 0.36 (10-Dec-2019 - 09-Jan-2020)
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Overnight* 5.43 0.27 -1.11 -1.47 0.36 0.35
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- -- -- 0.01
Average Maturity (yrs) 0.01 0.01 0.00 0.01
Yield to Maturity (%) 4.92 4.92 4.73 4.94

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

The underlying data is unavailable.

As on 31-Jan-2020

Fund Manager

— Shalini Tibrewala since 03-Dec-2019

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 24-Feb-2020

Growth: ₹ 1,010.7362

Dividend Weekly: ₹ 1,000.7946

Dividend Daily: ₹ 1,000.0000


Investment Strategy

The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 03-Dec-2019
Return Since Launch: 1.07%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 49 Cr (As on 31-Jan-2020)
Expense: -- (As on )
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Feb-20200.0925

 22-Feb-20200.0969
 21-Feb-20200.0934
 20-Feb-20200.0983
 19-Feb-20200.0954
 18-Feb-20200.0942
 17-Feb-20200.0923
 16-Feb-20200.1007
 15-Feb-20200.0961
 14-Feb-20200.0995
 13-Feb-20200.0943
 12-Feb-20200.0937
 11-Feb-20200.0921
 10-Feb-20200.0998
 09-Feb-20200.0955
 08-Feb-20200.0940
 07-Feb-20200.0968
 06-Feb-20200.0958
 05-Feb-20200.0946
 04-Feb-20200.0927
 03-Feb-20200.0898
 02-Feb-20200.0972
 01-Feb-20200.0961
 31-Jan-20200.0947
 30-Jan-20200.0924
Dividend Weekly18-Feb-20200.6665

 11-Feb-20200.6658
 04-Feb-20200.6523
 28-Jan-20200.6600
 21-Jan-20200.6575
 14-Jan-20200.6417
 07-Jan-20200.5392
 31-Dec-20190.6165
 24-Dec-20190.6534
 17-Dec-20190.6968
 10-Dec-20190.0073

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM