July 24, 2024
mayank
JM Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 67.4922
Weekly NAV IDCW: Rs 11.0060
Quarterly NAV IDCW: Rs 38.3180
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a 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 funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s 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.
Fund Manager:
1) Gurvinder Singh Wasan
Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience: Prior to joining JM Mutual Fund, he has worked with Principal Mutual Fund, Crisil Ltd. and ICICI Bank Ltd.
2) Naghma Khoja
Education: She is B.Com, CA and CFA
Experience: Before joining JM Financial AMC, she was associated with Karvy Capital Limited.
3) Ruchi Fozdar
Education: Ms. Ruchi is a graduate in science and PGDBM in finance
Experience: Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| 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 of JM Liquid Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.86% |
| Benchmark | CRISIL Liquid Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,868 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.16% |
| (As on 30-Jun-2024) | |
| Risk Grade | — |
| Return Grade | Below Average |
Trailing Returns (%) of JM Liquid Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Liquid Dir | 4.13 | 0.02 | 0.58 | 1.75 | 3.65 | 7.35 | 5.89 | 5.21 | 5.81 | 6.47 |
| CCIL T Bill Liquidity Weight | 2.64 | 0.02 | 0.43 | 1.24 | 2.37 | 4.56 | 3.52 | 3.30 | 3.57 | 3.98 |
| Debt: Liquid | 4.15 | 0.02 | 0.58 | 1.75 | 3.67 | 7.34 | 5.86 | 5.21 | 5.79 | 6.42 |
| Rank within category | 29 | 15 | 28 | 26 | 29 | 28 | 21 | 24 | 18 | 10 |
| Number of funds in category | 36 | 37 | 37 | 37 | 37 | 36 | 35 | 34 | 30 | 29 |
Peer Comparison of JM Liquid Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| JM Liquid Dir | 2 star | 7.35 | 5.89 | 5.21 | 0.16 | 1,868 | 6.86 | 0.01 (1) | 11Y 6M |
| ABSL Liquid Dir | 5 star | 7.44 | 5.97 | 5.34 | 0.21 | 42,805 | 6.91 | 0.01 (1) | 11Y 6M |
| Nippon India Liquid Dir | 4 star | 7.42 | 5.93 | 5.31 | 0.20 | 28,790 | 6.89 | 0.01 (1) | 11Y 6M |
| Axis Liquid Dir | 4 star | 7.42 | 5.94 | 5.30 | 0.17 | 23,260 | 6.87 | 0.01 (1) | 11Y 6M |
| HSBC Liquid Dir | 4 star | 7.41 | 5.91 | 5.25 | 0.12 | 15,172 | 6.83 | 0.01 (1) | 11Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 44 | 58 |
| Macaulay Duration (yrs) | 0.15 | 0.14 |
| Average Maturity (yrs) | 0.15 | 0.13 |
| Yield to Maturity (%) | 7.25 | 7.16 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For JM Liquid Fund
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