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JM Core 11 Fund


1 Lakh

Investment Grown to
₹ 1.50 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.01 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.36 -0.31 8.01 12.04 14.51 10.92 7.38
S&P BSE Sensex TRI 14.98 2.23 9.82 15.45 16.79 9.86 10.68
Equity: Large Cap 9.77 1.19 8.04 10.78 13.54 8.69 9.88
Rank within category 64 89 75 58 35 2 40
Number of funds in category 100 109 108 98 83 64 42

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 27.27 (02-Jan-2012 - 01-Feb-2012) -17.81 (27-Jul-2011 - 26-Aug-2011)
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 14.30 17.27 0.49 0.68 1.08 -2.75
S&P BSE Sensex TRI 16.24 12.39 0.84 1.33 -- --
Equity: Large Cap 13.33 12.60 0.60 0.96 0.95 -2.42
Rank within category 35 84 62 68 83 52
Number of funds in category 84 84 84 84 84 84

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

As on 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 11
Top 10 Stocks (%) 88.18
Top 5 Stocks (%) 45.43
Top 3 Sectors (%) 61.30
Portfolio P/B Ratio 4.79
Portfolio P/E Ratio 32.03

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 1,26,283 4,26,724 2,12,071
Giant (%) 54.66 88.95 67.69
Large (%) 35.74 10.62 23.49
Mid (%) 9.60 0.34 8.40
Small (%) -- 0.09 1.33
Tiny (%) -- -- --

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Bajaj Finance Financial 49.61 11.33 7.71 9.41
equal Voltas Cons Durable 45.68 10.32 7.44 9.22
up HDFC Bank Financial 29.57 10.33 0.00 8.97
down Maruti Suzuki India Automobile 35.88 9.87 7.16 8.97
equal Shree Cement Construction 56.79 9.58 7.18 8.86
equal Tech Mahindra Technology 16.63 9.45 0.00 8.66
equal Asian Paints Chemicals 64.65 10.39 7.71 8.65
equal Axis Bank Financial 47.71 8.63 0.00 8.63
equal Petronet LNG Energy 15.42 10.03 0.00 8.48
up Titan Company Cons Durable 73.35 10.66 0.00 8.33
equal Larsen & Toubro Construction 19.37 10.26 7.88 7.88

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-Nov-2019

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:


0.86%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 9.3434

Dividend: ₹ 9.3431


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 90 days

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 05-Mar-2008
Benchmark: S&P BSE Sensex TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 56 Cr (As on 30-Nov-2019)
Expense: 1.69% (As on 30-Sep-2019)
Risk Grade: High
Return Grade: High
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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM