July 24, 2024
mayank
JM Low Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 35.3793
Weekly NAV IDCW: Rs 11.4500
Fortnightly NAV IDCW: Rs 11.1353
Suitable For Which Investors?
“Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.”
Fund’s Investment Strategy:
The scheme seeks to generate stable long term returns with low risk strategy and capital appreciation/accretion besides preservation of capital through investments in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months – 12 months.
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 | 0 |
Basic Details of JM Low Duration Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.94% |
| Benchmark | CRISIL Low Duration Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 240 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.25% |
| (As on 30-Jun-2024) | |
| Risk Grade | Average |
| Return Grade | Low |
Trailing Returns (%) of JM Low Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Low Duration Dir | 4.36 | 0.02 | 0.69 | 1.88 | 3.86 | 7.37 | 5.84 | 7.79 | 5.79 | 6.58 |
| 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: Low Duration | 4.43 | 0.02 | 0.69 | 1.89 | 3.93 | 7.51 | 6.23 | 6.51 | 6.46 | 7.08 |
| Rank within category | 15 | 4 | 10 | 11 | 15 | 15 | 17 | 1 | 18 | 16 |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 17 |
Peer Comparison of JM Low Duration 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 Low Duration Dir | 3 star | 7.37 | 5.84 | 7.79 | 0.25 | 240 | 6.94 | — | 11Y 6M |
| ABSL Low Duration Dir | 4 star | 7.63 | 6.33 | 6.78 | 0.41 | 10,807 | 7.99 | — | 11Y 6M |
| SBI Magnum Low Duration Dir | 4 star | 7.54 | 6.01 | 6.23 | 0.43 | 9,803 | 7.42 | — | 11Y 6M |
| Nippon India Low Duration Dir | 4 star | 7.51 | 6.18 | 6.71 | 0.37 | 6,215 | 7.64 | — | 11Y 6M |
| Axis Treasury Advantage Dir | 4 star | 7.53 | 6.10 | 6.40 | 0.31 | 5,176 | 7.69 | — | 11Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 23 | 68 |
| Macaulay Duration (yrs) | 0.96 | 0.95 |
| Average Maturity (yrs) | 1.02 | 1.24 |
| Yield to Maturity (%) | 7.66 | 7.76 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For JM Low Duration Fund
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