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4 star

JM Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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 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 2.48 0.01 0.06 0.25 0.77 1.56 3.07 -- -- -- --
CCIL T Bill Liquidity Weight 1.62 -0.02 0.03 0.12 0.52 1.08 2.06 -- -- -- --
Debt: Overnight 2.44 0.01 0.06 0.25 0.76 1.54 3.02 -- -- -- --
Rank within category 6 13 3 8 10 5 7 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

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 Overnight Fund - Regular Plan
4 star
Dec-19 3.07 -- -- 0.12% 57
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.07 -- -- 0.12% 9,944
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.05 4.24 4.78 0.12% 7,068
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.03 -- -- 0.13% 2,078
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.05 -- -- 0.16% 984

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.09 09-Feb-2020 - 16-Feb-2020 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.40 17-Jan-2020 - 16-Feb-2020 0.20 23-Mar-2020 - 22-Apr-2020
Quarter 1.17 16-Dec-2019 - 16-Mar-2020 0.70 23-Mar-2020 - 22-Jun-2020
Year 3.46 04-Dec-2019 - 03-Dec-2020 2.95 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: Overnight* 4.10 0.37 0.37 1.97 0.64 0.54
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 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 1
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.26 3.35 2.36 3.32
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Sep-2021

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:

— Vikas Agrawal since 20-Aug-2021

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

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

Funds Managed:


0.01%

Change from previous, NAV as on 19-Oct-2021

Growth: ₹ 1,062.9640

IDCW Weekly: ₹ 1,000.0000

IDCW 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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 04-Dec-2019
Return Since Launch: 3.31%
Benchmark: CRISIL Overnight Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 57 Cr (As on 30-Sep-2021)
Expense: 0.12% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily19-Oct-20210.0873

 18-Oct-20210.0864
 17-Oct-20210.0874
 16-Oct-20210.0881
 15-Oct-20210.0887
 14-Oct-20210.0821
 13-Oct-20210.0753
 12-Oct-20210.0752
 11-Oct-20210.0765
 10-Oct-20210.0838
 09-Oct-20210.0816
 08-Oct-20210.0794
 07-Oct-20210.0834
 06-Oct-20210.0829
 05-Oct-20210.0825
 04-Oct-20210.0803
 03-Oct-20210.0848
 02-Oct-20210.0851
 01-Oct-20210.0854
 30-Sep-20210.0857
 29-Sep-20210.0886
 28-Sep-20210.0819
 27-Sep-20210.0833
 26-Sep-20210.0854
 25-Sep-20210.0872
IDCW Weekly19-Oct-20210.5906

 12-Oct-20210.5635
 05-Oct-20210.5887
 28-Sep-20210.6043
 21-Sep-20210.6000
 14-Sep-20210.5765
 07-Sep-20210.5426
 31-Aug-20210.5628
 24-Aug-20210.5636
 17-Aug-20210.5664
 10-Aug-20210.5642
 03-Aug-20210.5777
 27-Jul-20210.5855
 20-Jul-20210.5852
 13-Jul-20210.5867
 06-Jul-20210.5898
 29-Jun-20210.5936
 22-Jun-20210.5949
 15-Jun-20210.5943
 08-Jun-20210.5945
 01-Jun-20210.5946
 25-May-20210.6136
 18-May-20210.6048
 11-May-20210.6007
 04-May-20210.5978

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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