House Voice

Losing Direction

JM Mutual Fund was a pioneer in the asset management business, but it has failed to keep up with its peers…

One of the pioneers in the asset management business, this fund house has been there for nearly twenty years. Over the years the AMC has changed its focus on product offerings. From a complete suit of products of diversified equity, balanced and income funds including the then favourite JM Equity, the fund house today is more known for its short-term debt funds, especially liquid funds, with most of its equity funds languishing at the bottom of the performance charts. The fund house has oriented its business as an opportunist rather than one with investor interest and such an approach has resulted in the downfall of this fund house.

This article was originally published on January 31, 2014.

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