VR Logo

4 star

JM Overnight Fund - Direct 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.

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 2.96 0.01 0.06 0.28 0.81 1.60 3.20 -- -- -- --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 -- -- -- --
Debt: Overnight 2.92 0.01 0.06 0.27 0.80 1.59 3.16 -- -- -- --
Rank within category 6 11 18 2 5 7 6 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 0

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Overnight Fund - Direct Plan
4 star
Dec-19 3.20 -- -- 0.05% 68
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.16 -- -- 0.06% 3,147
Edelweiss Overnight Fund - Direct Plan  | Invest Online
4 star
Jul-19 3.15 -- -- 0.11% 757
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.23 -- -- 0.11% 756
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.23 -- -- 0.12% 508

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 23-Jan-2020 - 22-Feb-2020 0.21 23-Mar-2020 - 22-Apr-2020
Quarter 1.18 16-Dec-2019 - 16-Mar-2020 0.71 23-Mar-2020 - 22-Jun-2020
Year 3.54 04-Dec-2019 - 03-Dec-2020 3.03 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight* 4.09 0.37 0.83 4.28 0.63 0.69
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-Nov-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 (%) 3.35 3.35 2.36 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

The underlying data is unavailable.

As on 31-Oct-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:


--

Change from previous, NAV as on 05-Dec-2021

Growth: ₹ 1,068.9464

IDCW Weekly: ₹ 1,000.4553

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 12
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: 3.38%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 68 Cr (As on 31-Oct-2021)
Expense: 0.05% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.0977

 02-Dec-20210.0909
 01-Dec-20210.0925
 30-Nov-20210.0939
 29-Nov-20210.0922
 28-Nov-20210.0902
 27-Nov-20210.0895
 26-Nov-20210.0886
 25-Nov-20210.0872
 24-Nov-20210.0867
 23-Nov-20210.0615
 22-Nov-20210.1036
 21-Nov-20210.0883
 20-Nov-20210.1140
 19-Nov-20210.0894
 18-Nov-20210.1150
 17-Nov-20210.0914
 16-Nov-20210.0924
 15-Nov-20210.0936
 14-Nov-20210.0944
 13-Nov-20210.0931
 12-Nov-20210.0913
 11-Nov-20210.0879
 10-Nov-20210.0899
 09-Nov-20210.0921
IDCW Weekly30-Nov-20210.6127

 23-Nov-20210.7165
 16-Nov-20210.6028
 09-Nov-20210.6449
 02-Nov-20210.6234
 26-Oct-20210.6352
 19-Oct-20210.6108
 12-Oct-20210.5708
 05-Oct-20210.6031
 28-Sep-20210.6054
 21-Sep-20210.6072
 14-Sep-20210.5902
 07-Sep-20210.5644
 31-Aug-20210.5925
 24-Aug-20210.5814
 17-Aug-20210.5922
 10-Aug-20210.5782
 03-Aug-20210.5997
 27-Jul-20210.6153
 20-Jul-20210.6030
 13-Jul-20210.5913
 06-Jul-20210.6035
 29-Jun-20210.6120
 22-Jun-20210.6181
 15-Jun-20210.6028

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

Upcoming Video

Investors' Hangout

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

attending You have reserved a spot