July 24, 2024
mayank
JM Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.3596
NAV IDCW: Rs 11.3597
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments.
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) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of JM Short Duration Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 29-Aug-22 |
| Return Since Launch | 6.93% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 129 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.34% |
| (As on 30-Jun-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of JM Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Short Duration Dir | 4.34 | 0.03 | 0.75 | 2.19 | 3.81 | 7.16 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 2.64 | 0.02 | 0.43 | 1.24 | 2.37 | 4.56 | — | — | — | — |
| Debt: Short Duration | 4.53 | 0.02 | 0.74 | 2.18 | 4.03 | 7.49 | — | — | — | — |
| Rank within category | 22 | 3 | 11 | 13 | 23 | 22 | — | — | — | — |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 18 |
Peer Comparison of JM Short 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 Short Duration Dir | 2 star | 7.16 | — | — | 0.34 | 129 | 6.93 | — | 1Y 10M |
| ICICI Pru Short Term Dir | 4 star | 8.01 | 6.82 | 7.71 | 0.45 | 18,228 | 8.53 | — | 11Y 6M |
| HDFC Short Term Debt Dir | 4 star | 7.72 | 6.10 | 7.22 | 0.40 | 13,080 | 8.04 | — | 11Y 6M |
| ABSL Short Term Dir | 4 star | 7.74 | 6.43 | 7.37 | 0.38 | 7,902 | 8.61 | — | 11Y 6M |
| Axis Short Term Dir | 4 star | 7.59 | 6.15 | 7.15 | 0.34 | 7,698 | 8.14 | — | 11Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 19 | 47 |
| Macaulay Duration (yrs) | 2.61 | 2.82 |
| Average Maturity (yrs) | 2.94 | 3.55 |
| Yield to Maturity (%) | 7.54 | 7.59 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For JM Short Duration Fund
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