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JM Liquid Fund

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Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is 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 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.

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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 0.76 0.01 0.10 0.44 1.28 2.68 6.27 6.83 7.27 7.82 7.95
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Liquid 0.75 0.01 0.10 0.43 1.26 2.64 6.09 6.56 6.98 7.58 7.77
Rank within category 26 5 7 17 22 24 16 12 6 4 8
Number of funds in category 40 40 40 40 40 40 39 36 35 34 29

As on 24-Feb-2020

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) 0.29 (25-Aug-2009 - 24-Sep-2009)
Quarter 4.09 (19-Nov-1999 - 21-Feb-2000) 0.95 (25-Aug-2009 - 24-Nov-2009)
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 6.65 0.22 4.41 5.99 0.34 1.53
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Liquid 6.34 0.51 3.67 6.02 0.52 1.51
Rank within category 11 20 14 23 15 16
Number of funds in category 36 36 36 34 36 36

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 39 14 55
Modified Duration (yrs) -- -- -- 0.08
Average Maturity (yrs) 0.08 0.09 0.03 0.09
Yield to Maturity (%) 5.35 7.40 5.14 5.37

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Indian Oil Corp. 66-D 10/02/2020 Commercial Paper A1+ 0.00 - 9.12 9.12
new Century Textiles & Inds. 60-D 24/03/2020 Commercial Paper A1+ 0.00 - 7.66 7.66
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 5.21 5.21
new Reliance Jio Infocomm 85-D 04/02/2020 Commercial Paper A1+ 0.00 - 5.21 5.21
new SAIL 91-D 17/02/2020 Commercial Paper A1+ 0.00 - 5.20 5.20
equal Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 5.39 5.19
new Reserve Bank of India 70-D 17/03/2020 Treasury Bills SOV 0.00 - 5.18 5.18
equal Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 5.38 5.18
equal Reliance Jio Infocomm 90-D 25/02/2020 Commercial Paper A1+ 0.00 - 9.33 5.09
new Tata Power 88-D 06/03/2020 Commercial Paper A1+ 0.00 - 4.83 4.83
new HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 4.41 4.41
equal South Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 3.93 3.79
new IIFL Wealth Finance 29-D 14/02/2020 Commercial Paper A1+ 0.00 - 2.60 2.60
equal Syndicate Bank 26/02/2020 Certificate of Deposit A1+ 0.00 - 2.69 2.60
equal Reserve Bank of India 91-D 05/03/2020 Treasury Bills SOV 0.00 - 2.69 2.60
new IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 2.60 2.60
equal Reliance Retail Ltd. 97-D 09/03/2020 Commercial Paper A1+ 0.00 - 2.69 2.59
new Indusind Bank 24/03/2020 Certificate of Deposit A1+ 0.00 - 2.59 2.59
new Adani Ports and Special Economic Zone 60-D 30/03/2020 Commercial Paper A1+ 0.00 - 2.58 2.58
new Indusind Bank 27/04/2020 Certificate of Deposit A1+ 0.00 - 2.57 2.57
new SAIL 91-D 07/02/2020 Commercial Paper A1+ 0.00 - 2.50 2.50
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 4.58 2.50
new Kotak Mahindra Investments 318-D 05/03/2020 Commercial Paper A1+ 0.00 - 2.49 2.49
equal Godrej Industries 91-D 04/02/2020 Commercial Paper A1+ 0.00 - 1.62 1.56
new 7.09% Export-Import Bank 2020 Bonds AAA 0.00 - 1.31 1.31

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-Jan-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 24-Feb-2020

Growth: ₹ 53.7330

Dividend Weekly: ₹ 11.0128

More

Dividend Quarterly: ₹ 30.4133

Dividend Daily: ₹ 10.4302

Bonus: ₹ 17.2054

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: 7.88%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,917 Cr (As on 31-Jan-2020)
Expense: 0.15% (As on 30-Sep-2019)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Feb-20200.0011

 22-Feb-20200.0011
 21-Feb-20200.0011
 20-Feb-20200.0011
 19-Feb-20200.0011
 18-Feb-20200.0010
 17-Feb-20200.0010
 16-Feb-20200.0011
 15-Feb-20200.0011
 14-Feb-20200.0011
 13-Feb-20200.0011
 12-Feb-20200.0011
 11-Feb-20200.0012
 10-Feb-20200.0011
 09-Feb-20200.0011
 08-Feb-20200.0011
 07-Feb-20200.0011
 06-Feb-20200.0011
 05-Feb-20200.0011
 04-Feb-20200.0010
 03-Feb-20200.0011
 02-Feb-20200.0011
 01-Feb-20200.0011
 31-Jan-20200.0010
 30-Jan-20200.0011
Dividend Weekly18-Feb-20200.0079

 11-Feb-20200.0079
 04-Feb-20200.0078
 28-Jan-20200.0077
 21-Jan-20200.0079
 14-Jan-20200.0070
 07-Jan-20200.0068
 31-Dec-20190.0076
 24-Dec-20190.0074
 17-Dec-20190.0076
 10-Dec-20190.0076
 03-Dec-20190.0083
 26-Nov-20190.0078
 19-Nov-20190.0077
 12-Nov-20190.0077
 05-Nov-20190.0078
 30-Oct-20190.0079
 29-Oct-20190.0079
 22-Oct-20190.0077
 15-Oct-20190.0084
 08-Oct-20190.0090
 01-Oct-20190.0101
 24-Sep-20190.0073
 17-Sep-20190.0083
 10-Sep-20190.0082
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: 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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