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JM Core 11 Fund


1 Lakh

Investment declined to
₹ 0.90 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.99 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other large cap fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 10% (effectively 11.648%, 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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(₹)
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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 -23.98 1.36 6.30 -2.98 -21.96 -24.00 -22.92 -3.50 4.10 9.93 5.38
S&P BSE 100 TRI -20.29 1.23 5.96 -2.46 -13.72 -19.67 -18.37 0.56 3.97 8.60 7.87
Equity: Large Cap -19.07 1.30 5.40 -2.13 -13.20 -18.68 -17.17 0.29 3.32 8.40 7.62
Rank within category 107 32 7 88 112 105 103 81 15 10 44
Number of funds in category 111 114 114 114 112 109 107 85 67 62 45

As on 29-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 30.08 (13-May-2009 - 20-May-2009) -22.58 (01-Oct-2008 - 08-Oct-2008)
Month 27.27 (02-Jan-2012 - 01-Feb-2012) -37.16 (20-Feb-2020 - 23-Mar-2020)
Quarter 145.21 (04-Mar-2009 - 03-Jun-2009) -59.83 (20-Aug-2008 - 19-Nov-2008)
Year 90.62 (03-Sep-2013 - 03-Sep-2014) -39.97 (06-Oct-2010 - 07-Oct-2011)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.49 23.91 -0.25 -0.25 1.07 -3.02
S&P BSE 100 TRI 2.73 20.52 -0.13 -0.15 -- --
Equity: Large Cap 2.33 19.90 -0.15 -0.17 0.95 -0.53
Rank within category 74 86 69 65 85 72
Number of funds in category 86 86 86 86 86 86

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

As on 31-May-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 11
Top 10 Stocks (%) 89.83
Top 5 Stocks (%) 47.68
Top 3 Sectors (%) 61.56
Portfolio P/B Ratio 3.40
Portfolio P/E Ratio 24.95

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,08,116 1,82,187
Giant (%) 53.61 66.16
Large (%) 46.39 23.68
Mid (%) -- 9.87
Small (%) -- 1.38
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Petronet LNG Energy 13.22 10.21 7.34 9.74
equal Maruti Suzuki India Automobile 30.81 9.87 7.16 9.62
equal HDFC Bank Financial 19.87 10.33 8.17 9.61
equal Shree Cement Construction 49.47 9.60 7.83 9.54
up Axis Bank Financial 60.43 9.18 0.00 9.18
new ICICI Lombard General Insurance Company Financial 49.52 8.86 0.00 8.86
down Titan Company Cons Durable 56.83 10.66 0.00 8.69
down Asian Paints Chemicals 59.80 10.39 8.02 8.52
up Larsen & Toubro Construction 13.34 10.26 7.66 8.31
equal Tech Mahindra Technology 13.01 9.45 0.00 7.78
up Bajaj Finance Financial 24.69 11.33 6.01 6.33

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 30-Apr-2020

Fund Manager

— Asit Bhandarkar since 25-Feb-2009

Education: Mr. Bhandarkar is a B.Com (H) and MMS.

Experience: Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.

Interviews:

Funds Managed:

— Chaitanya Choksi since 25-Jul-2014

Education: Mr. Choksi is a MMS (Finance) and CFA.

Experience: Prior to joining JM Financials in 2008 he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.

Funds Managed:


1.36%

Change from previous, NAV as on 29-May-2020

Growth: ₹ 7.1193

Dividend: ₹ 7.1190


Investment Strategy

The objective of the fund is to generate returns by investing predominantly in a concentrated portfolio of equity and equity related securities. The 'concentrated portfolio' will comprise of not more than 11 stocks with each stock being invested to the extent of 9.09% of the NAV of the scheme.

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 1% for redemption within 60 days

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 05-Mar-2008
Return Since Launch: -2.74%
Benchmark: S&P BSE Sensex TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 45 Cr (As on 30-Apr-2020)
Expense: 1.69% (As on 30-Sep-2019)
Risk Grade: High
Return Grade: Average
Turnover: --

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

Upcoming Video

Value Investing

Shop for value or hold cash

dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM