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2 star

JM Liquid Fund


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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(₹)
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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 2.37 0.01 0.05 0.26 0.83 1.65 3.21 4.99 5.78 6.50 7.36
CCIL T Bill Liquidity Weight 1.54 0.03 0.04 0.20 0.62 1.10 2.20 3.43 3.66 4.10 4.54
Debt: Liquid 2.29 0.01 0.05 0.25 0.79 1.59 3.13 4.91 5.62 6.33 7.21
Rank within category 8 39 24 8 10 8 11 22 16 10 11
Number of funds in category 41 42 42 42 42 41 41 37 35 34 32

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Liquid Fund
2 star
Dec-97 3.21 4.99 5.78 0.20 1,187
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 3.18 5.07 5.80 0.32 41,512
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
Mar-04 3.19 5.12 5.84 0.32 32,671
Axis Liquid Fund
4 star
Oct-09 3.22 5.10 5.85 0.25 26,753
Nippon India Liquid Fund  | Invest Online
4 star
Dec-03 3.16 5.11 5.83 0.32 24,715

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 0.23 19-Nov-2020 - 19-Dec-2020
Quarter 4.09 19-Nov-1999 - 21-Feb-2000 0.73 21-Oct-2020 - 20-Jan-2021
Year 14.16 09-Jan-1998 - 11-Jan-1999 3.17 02-Jul-2020 - 02-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.98 0.51 1.85 4.85 1.01 1.61
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Liquid 4.79 0.65 1.62 5.20 1.03 1.44
Rank within category 22 21 24 27 11 23
Number of funds in category 37 37 37 36 37 37

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 26 26 8 37
Modified Duration (yrs) 0.07 0.08 0.06 0.08
Average Maturity (yrs) 0.07 0.09 0.01 0.08
Yield to Maturity (%) 3.27 3.46 2.88 3.27
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
new National Bank Agr. Rur. Devp 90-D 02/09/2021 Commercial Paper A1+ 0.00 - 8.43 8.43
new Tata Steel 81-D 07/09/2021 Commercial Paper A1+ 0.00 - 6.32 6.32
up Reserve Bank of India 91-D 16/09/2021 Treasury Bills SOV 0.00 - 5.05 5.05
new Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 4.48 4.48
new 7.24% REC 21/10/2021 Debenture AAA 0.00 - 4.23 4.23
new ICICI Securities 90-D 01/09/2021 Commercial Paper A1+ 0.00 - 4.21 4.21
new Bharti Airtel 273-D 03/09/2021 Commercial Paper A1+ 0.00 - 4.21 4.21
equal Reserve Bank of India 91-D 09/09/2021 Treasury Bills SOV 0.00 - 4.38 4.21
new Standard Chartered Invest&Loan 124-D 08/09/2021 Commercial Paper A1+ 0.00 - 4.21 4.21
equal NTPC 364-D 14/09/2021 Commercial Paper A1+ 0.00 - 4.38 4.21
equal Export-Import Bank 184-D 24/09/2021 Certificate of Deposit A1+ 0.00 - 4.38 4.20
equal IDFC First Bank 28/09/2021 Certificate of Deposit A1+ 0.00 - 4.37 4.20
equal Godrej Consumer Products 85-D 28/09/2021 Commercial Paper A1+ 0.00 - 4.37 4.20
new HDFC 28/10/2021 Commercial Paper A1+ 0.00 - 4.19 4.19
new Reliance Retail Ventures 89-D 03/11/2021 Commercial Paper A1+ 0.00 - 4.19 4.19
new Cholamandalam Investment & Finance Company 18/11/2021 Commercial Paper A1+ 0.00 - 4.18 4.18
new Reliance Retail Ventures 91-D 06/09/2021 Commercial Paper A1+ 0.00 - 2.11 2.11
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.19 2.11
new Reserve Bank of India 364-D 09/09/2021 Treasury Bills SOV 0.00 - 2.11 2.11
new Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 2.10 2.10
equal Birla Group Holdings 91-D 24/09/2021 Commercial Paper A1+ 0.00 - 2.18 2.10
equal Birla Group Holdings 91-D 28/09/2021 Commercial Paper A1+ 0.00 - 2.18 2.10
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 2.09 2.09
new Reserve Bank of India 364-D 25/11/2021 Treasury Bills SOV 0.00 - 0.84 0.84
equal Reserve Bank of India 91-D 14/10/2021 Treasury Bills SOV 0.00 - 0.44 0.42

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-Aug-2021

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:

— 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:


0.02%

Change from previous, NAV as on 26-Sep-2021

Growth: ₹ 56.7710

IDCW Weekly: ₹ 11.0079

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IDCW Quarterly: ₹ 32.1328

IDCW Daily: ₹ 10.4302

Bonus: ₹ 18.1782


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
Lock-in Period Not Applicable
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: 7.59%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,187 Cr (As on 31-Aug-2021)
Expense: 0.20% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Sep-20210.0009

 25-Sep-20210.0009
 24-Sep-20210.0006
 23-Sep-20210.0009
 22-Sep-20210.0008
 21-Sep-20210.0007
 20-Sep-20210.0008
 19-Sep-20210.0009
 18-Sep-20210.0009
 17-Sep-20210.0009
 16-Sep-20210.0008
 15-Sep-20210.0009
 14-Sep-20210.0009
 13-Sep-20210.0009
 12-Sep-20210.0009
 11-Sep-20210.0009
 10-Sep-20210.0009
 09-Sep-20210.0008
 08-Sep-20210.0009
 07-Sep-20210.0008
 06-Sep-20210.0009
 05-Sep-20210.0008
 04-Sep-20210.0008
 03-Sep-20210.0010
 02-Sep-20210.0009
IDCW Weekly21-Sep-20210.0063

 14-Sep-20210.0065
 07-Sep-20210.0064
 31-Aug-20210.0070
 24-Aug-20210.0069
 17-Aug-20210.0077
 10-Aug-20210.0070
 03-Aug-20210.0069
 27-Jul-20210.0074
 20-Jul-20210.0070
 13-Jul-20210.0074
 06-Jul-20210.0066
 29-Jun-20210.0070
 22-Jun-20210.0069
 15-Jun-20210.0067
 08-Jun-20210.0070
 01-Jun-20210.0069
 25-May-20210.0067
 18-May-20210.0069
 11-May-20210.0064
 04-May-20210.0064
 27-Apr-20210.0069
 20-Apr-20210.0069
 13-Apr-20210.0058
 06-Apr-20210.0074
IDCW 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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