February 11, 2025
mayank
JM Low Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 36.8461
Weekly NAV IDCW: Rs 11.4618
Fortnightly NAV IDCW: Rs 11.1495
NAV Bonus: Rs 22.1855
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) Killol Pandya
Education: Mr. Pandya is a B.Com (H) from N.M College of Commerce, DPCM from ICFAI and MMS (Finance) from K.J. Somaiya Institute of Management Studies and Research.
Experience: Prior to joining JM Financial Asset Management Limited he has worked with Barclays Securities India Private Ltd,Peerless Funds Management Co. Limited, LIC Nomura Mutual Fund AMC , Daiwa Asset Management (India) Pvt. Ltd., SBI Funds Management Pvt Ltd., IL&FS Investsmart Ltd. and Darashaw & Co. Pvt. 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 | 6.97% |
| Benchmark | CRISIL Low Duration Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 229 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.35% |
| (As on 31-Jan-2025) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
Trailing Returns (%) of JM Low Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Low Duration Dir | 0.82 | 0.02 | 0.65 | 1.82 | 3.76 | 7.73 | 6.59 | 9.61 | 5.92 | 6.52 |
| CCIL T Bill Liquidity Weight | 0.61 | -0.02 | 0.43 | 1.13 | 2.31 | 4.78 | 4.04 | 3.41 | 3.63 | 3.93 |
| Debt: Low Duration | 0.82 | 0.03 | 0.65 | 1.81 | 3.80 | 7.87 | 6.74 | 6.55 | 6.58 | 7.04 |
| Rank within category | 10 | 18 | 10 | 9 | 14 | 16 | 17 | 1 | 18 | 17 |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 18 |
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 | 4 star | 7.73 | 6.59 | 9.61 | 0.35 | 229 | 6.97 | — | 12Y 1M |
| SBI Magnum Low Duration Dir | 5 star | 7.81 | 6.72 | 6.13 | 0.43 | 12,254 | 7.43 | — | 12Y 1M |
| ABSL Low Duration Dir | 5 star | 7.96 | 6.99 | 6.64 | 0.42 | 12,059 | 7.98 | — | 12Y 1M |
| Axis Treasury Advantage Dir | 4 star | 7.97 | 6.82 | 6.31 | 0.35 | 5,964 | 7.69 | — | 12Y 1M |
| UTI Low Duration Dir | 4 star | 7.69 | 6.65 | 7.15 | 0.39 | 3,348 | 6.91 | — | 12Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 25 | 75 |
| Macaulay Duration (yrs) | 0.92 | 0.96 |
| Average Maturity (yrs) | 0.98 | 1.28 |
| Yield to Maturity (%) | 7.67 | 7.70 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For JM Low Duration Fund
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