JM Financial Mutual Fund NAV And Scheme Details
JM Financial Mutual Fund is a part of JM Financial Group and is one of India’s first private sector mutual funds that began operations in 1993-94. JM Mutual Fund is managed by JM Financial Asset Management Limited, which started operations in December 1994 with the launch of three funds -JM Equity Fund, JM Liquid Fund, and JM Balanced Fund.
The company follows the core values of integrity, teamwork, client focus, innovation, implementation, performance, and partnership. It offers products in equity, debt, arbitrage and liquid categories.
Top 5 JM Financial Mutual Fund Schemes
Let’s check the top 5 JM Financial mutual fund NAVs and various other scheme details
JM Low Duration Fund (formerly JM Money Manager SPP) – It is a debt scheme with a low-risk strategy and capital appreciation. The fund invests in debt and money market instruments for a duration of 6 months to 12 months. The securities are selected based on industry trends, management capabilities of the company, global competitiveness, earning power, growth potential and other relevant investment criteria.
Fund Facts
| Type of Scheme | Open-ended Low Duration Debt Scheme |
| Investment Objective | Long term returns with capital appreciation |
| Benchmark | CRISIL Low Duration Debt Index |
| NAV(Rs) | (Regular) – Growth Option: 29.8451
(Direct) – Growth Option: 30.1832 |
| Returns (%) | 1 month 1 Year 3 Years 5 Years Since inception |
| 2.21 3.18 5.11 5.73 7.49 | |
| AUM | Rs. 138.38 Crore |
| Expense Ratio | Regular Plan 0.66%, Direct Plan 0.36% |
| Fund manager | Ms. Shalini Tibrewala & Mr. Prashant Pimple |
JM Tax Gain Fund – It is an equity-linked tax saving scheme (ELSS) with a compulsory lock-in period of three years. The scheme invests in a diversified and actively managed portfolio to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961, from time to time.
Fund Facts
| Type of Scheme | Open-ended Equity-linked savings scheme with lock-in of 3 years and tax benefit |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | S&P BSE 500 TRI |
| NAV(Rs) | Regular – IDCW (Payout) – 28.5195, Growth Option – 28.5198
Direct – IDCW (Payout) – 30.5728,Growth Option – 31.3457 |
| Returns (%) | 1 Year 3 Year 5 Year Since inception |
| 62.15 25.39 17.51 8.20 | |
| AUM | Rs. 64.35 Crore |
| Expense Ratio | Regular Plan 2.44%, Direct Plan 1.69% |
| Fund manager | Mr. Chaitanya Choksi & Mr. Sanjay Chhabaria |
JM Large Cap Fund (frmly JM Equity Fund) – The fund invests in large-cap stocks. 80% of the investment is deployed in large-cap securities and the balance in debt/money market instruments.
Fund Facts
| Type of Scheme | Open-ended Equity Scheme in large-cap stocks |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | S&P BSE Sensex TRI |
| NAV(Rs) | Regular – Growth Option: 96.4594, IDCW (Payout): 18.7255
Direct – Growth Option: 106.1391, IDCW (Payout): 42.614 |
| Returns (%) | 1 Year 3 Year 5 Year Since Inception |
| 40.72 17.32 13.43 13.33 | |
| AUM | Rs. 49.83 Crore |
| Expense Ratio | Regular Plan 2.43%, Direct Plan 1.33% |
| Fund manager | Mr. Satish Ramanathan & Mr. Asit Bhandarkar |
JM Flexicap Fund (frmly JM Multicap Fund) – It is a multi-cap fund that invests in quality companies across the market capitalization spectrum, having the potential to generate long-term economic value. The fund keeps varying the weightage among large, mid and small caps to gain the value while keeping an optimum Risk / Return profile.
Fund Facts
| Type of Scheme | Open-ended Dynamic Equity Scheme in large-cap, mid-cap, small-cap stocks |
| Investment Objective | Long Term Capital Appreciation |
| Benchmark | S&P BSE 500 TRI |
| NAV(Rs) | Regular – Growth Option: 50.5011, IDCW ( Payout): 38.9150
Direct-Growth Option: 55.1270, IDCW ( Payout): 50.1078 |
| Returns(%) | 1 Year 3 Year 5 Year Since inception |
| 64.56 22.63 15.71 13.35 | |
| AUM | Rs. 185.63 Crore |
| Expense Ratio | Regular Plan 2.51%, Direct Plan 1.73 |
| Fund manager | Mr. Satish Ramanathan & Mr. Sanjay Chhabaria |
JM Overnight Fund – The Scheme aims to provide reasonable returns with low risk and a high level of liquidity. It invests primarily in overnight securities, having the maturity of 1 business day. Overnight securities include overnight reverse repo rates and other debt or money market securities that mature in one day. It is the safest category of debt fund which gives the advantage of a flexible holding period.
Fund Facts
| Type of Scheme | Open-ended debt scheme investing in overnight securities |
| Investment Objective | Low-risk reasonable returns |
| Benchmark | Crisil Overnight Index |
| NAV(Rs) | (Regular) – Growth Option: 1066.9821
(Direct) – Growth Option: 1068.4625 |
| Returns (%) | 1 month 1 Year 3 Years 5 Years Since inception |
| 3.11 3.08 NA NA 3.30 | |
| AUM | Rs. 150.77 Crore |
| Expense Ratio | Regular Plan 0.12%, Direct Plan 0.05% |
| Fund manager | Ms. Shalini Tibrewala & Mr. Prashant Pimple |
Conclusion
JM Financial MF offers a variety of products to meet the different needs of both individual and institutional investors. The company has been generating consistent returns across all product categories with in-depth research, fund management, and strong risk management.
