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3 star

JM Liquid Fund

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Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 2.76 0.01 0.06 0.27 0.87 2.14 4.88 6.42 6.85 7.53 7.92
CCIL T Bill Liquidity Weight 2.24 0.03 0.04 0.17 0.63 1.78 3.66 4.05 4.25 4.79 4.78
Debt: Liquid 2.78 0.01 0.06 0.27 0.88 2.17 4.87 6.20 6.59 7.31 7.73
Rank within category 28 24 26 24 26 28 28 22 12 9 10
Number of funds in category 40 40 40 40 40 40 40 36 35 34 31

As on 13-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Liquid Fund
3 star
 Dec-97 4.88 6.42 6.85 0.14 2,071
ICICI Prudential Liquid Fund  | Invest Now
4 star
 Nov-05 5.20 6.51 6.86 0.32 54,835
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
 Mar-04 5.23 6.56 6.90 0.30 38,375
Axis Liquid Fund  | Invest Online
4 star
 Oct-09 5.20 6.55 6.89 0.22 29,515
Nippon India Liquid Fund  | Invest Online
5 star
 Dec-03 5.21 6.56 6.90 0.28 29,334

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.76 (13-Jan-2000 - 20-Jan-2000) -0.12 (29-Feb-2000 - 07-Mar-2000)
Month 2.07 (14-Jan-2000 - 14-Feb-2000) 0.25 (01-Jul-2020 - 31-Jul-2020)
Quarter 4.09 (19-Nov-1999 - 21-Feb-2000) 0.88 (08-May-2020 - 07-Aug-2020)
Year 14.16 (09-Jan-1998 - 11-Jan-1999) 4.19 (04-Jul-2009 - 04-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.29 0.35 3.08 4.07 0.54 1.71
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Liquid 6.07 0.50 2.77 3.47 0.65 1.62
Rank within category 21 27 24 19 12 26
Number of funds in category 36 36 36 36 36 36

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 28 14 41
Modified Duration (yrs) -- -- -- 0.07
Average Maturity (yrs) 0.07 0.10 0.04 0.08
Yield to Maturity (%) 3.44 5.76 3.34 3.52

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 13.02 13.02
new Ultratech Cement 178-D 07/08/2020 Commercial Paper A1+ 0.00 - 9.65 9.65
new Indian Oil Corp. 49-D 24/08/2020 Commercial Paper A1+ 0.00 - 9.64 9.64
down Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 8.45 8.45
new Kotak Mahindra Investments 9-D 07/08/2020 Commercial Paper A1+ 0.00 - 7.24 7.24
new Axis Bank 18/08/2020 Certificate of Deposit A1+ 0.00 - 4.82 4.82
equal ICICI Securities 90-D 01/09/2020 Commercial Paper A1+ 0.00 - 4.82 4.82
equal National Fertilizers 90-D 03/09/2020 Commercial Paper A1+ 0.00 - 4.81 4.81
equal Reliance Jio Infocomm 91-D 21/09/2020 Commercial Paper A1+ 0.00 - 4.81 4.81
new Reliance Jio Infocomm 91-D 23/10/2020 Commercial Paper A1+ 0.00 - 4.79 4.79
new Axis Bank 19/08/2020 Certificate of Deposit A1+ 0.00 - 2.41 2.41
new Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 2.41 2.41
equal Axis Finance 91-D 26/08/2020 Commercial Paper A1+ 0.00 - 2.41 2.41
equal Reserve Bank of India 91-D 27/08/2020 Treasury Bills SOV 0.00 - 2.41 2.41
equal IDFC First Bank 27/08/2020 Certificate of Deposit A1+ 0.00 - 2.41 2.41
equal Chennai Petroleum Corp. 72-D 03/09/2020 Commercial Paper A1+ 0.00 - 2.41 2.41
equal Reliance Jio Infocomm 91-D 04/09/2020 Commercial Paper A1+ 0.00 - 2.41 2.41
equal Axis Bank 18/09/2020 Certificate of Deposit A1+ 0.00 - 2.40 2.40
equal Dalmia Cement (Bharat) Ltd 91-D 17/09/2020 Commercial Paper A1+ 0.00 - 2.40 2.40
new SBI Cards & Payments Services 358-D 29/09/2020 Commercial Paper A1+ 0.00 - 2.40 2.40
equal Reserve Bank of India 91-D 03/09/2020 Treasury Bills SOV 0.00 - 2.17 2.17
new Reserve Bank of India 91-D 07/08/2020 Treasury Bills SOV 0.00 - 0.97 0.97
new Reserve Bank of India 91-D 13/08/2020 Treasury Bills SOV 0.00 - 0.72 0.72

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-Jul-2020

Fund Manager

— Shalini Tibrewala since 23-Dec-1997

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 13-Aug-2020

Growth: ₹ 54.7998

Dividend Weekly: ₹ 11.0056

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Dividend Quarterly: ₹ 31.0171

Dividend Daily: ₹ 10.4302

Bonus: ₹ 17.5470

Investment Strategy

The scheme seeks to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in Debt and money market securities with maturity of upto 91 days only.

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 Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 31-Dec-1997
Return Since Launch: 7.81%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 2,071 Cr (As on 31-Jul-2020)
Expense: 0.14% (As on 31-Mar-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Aug-20200.0010

 12-Aug-20200.0010
 11-Aug-20200.0009
 10-Aug-20200.0009
 09-Aug-20200.0009
 08-Aug-20200.0009
 07-Aug-20200.0008
 06-Aug-20200.0009
 05-Aug-20200.0010
 04-Aug-20200.0009
 03-Aug-20200.0009
 02-Aug-20200.0009
 01-Aug-20200.0009
 31-Jul-20200.0010
 30-Jul-20200.0010
 29-Jul-20200.0008
 28-Jul-20200.0006
 27-Jul-20200.0009
 26-Jul-20200.0009
 25-Jul-20200.0009
 24-Jul-20200.0008
 23-Jul-20200.0009
 22-Jul-20200.0010
 21-Jul-20200.0009
 20-Jul-20200.0007
Dividend Weekly11-Aug-20200.0068

 04-Aug-20200.0069
 28-Jul-20200.0063
 21-Jul-20200.0063
 14-Jul-20200.0070
 07-Jul-20200.0066
 30-Jun-20200.0073
 23-Jun-20200.0078
 16-Jun-20200.0083
 09-Jun-20200.0075
 02-Jun-20200.0063
 26-May-20200.0084
 19-May-20200.0090
 12-May-20200.0100
 05-May-20200.0089
 28-Apr-20200.0093
 21-Apr-20200.0121
 14-Apr-20200.0093
 07-Apr-20200.0103
 31-Mar-20200.0182
 17-Mar-20200.0073
 10-Mar-20200.0089
 03-Mar-20200.0077
 25-Feb-20200.0079
 18-Feb-20200.0079
Dividend Quarterly30-Mar-20090.1831

 24-Dec-20031.9000
 19-Sep-20030.0098
 12-Sep-20030.0090
 05-Sep-20030.0091
 29-Aug-20030.0102
 22-Aug-20030.0101
 15-Aug-20030.0102
 09-Aug-20030.0104
 01-Aug-20030.0101
 25-Jun-20030.0101
 18-Jul-20030.0100
 11-Jul-20030.0108
 04-Jul-20030.0103
 28-Jun-20030.0107
 20-Jun-20030.0110
 13-Jun-20030.0113
 07-Jun-20030.0107
 31-May-20030.0108
 23-May-20030.0116
 17-May-20030.0106
 10-May-20030.0106
 03-May-20030.0100
 26-Apr-20030.0113
 19-Apr-20030.0109

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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