July 24, 2024
mayank
JM Medium to Long Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 63.6058
Quarterly NAV IDCW: Rs 22.4755
NAV Bonus: Rs 27.3099
Suitable For Which Investors?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme seeks to provide high degree of liquidity, along with current income and capital preservation through a mix of debt and equity.
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 Medium to Long Duration Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 5.50% |
| Benchmark | CRISIL Medium to Long Duration Debt A-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 24 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.62% |
| (As on 30-Jun-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of JM Medium to Long Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Medium to Long Duration Dir | 4.83 | 0.04 | 0.63 | 2.62 | 4.34 | 7.37 | 5.08 | 4.87 | 3.79 | 5.31 |
| VR Bond | 5.13 | 0.04 | 0.55 | 2.44 | 4.54 | 7.73 | 5.91 | 5.37 | 5.80 | 6.67 |
| Debt: Medium to Long Duration | 5.17 | 0.01 | 0.65 | 2.76 | 4.67 | 7.67 | 6.17 | 6.47 | 6.24 | 7.61 |
| Rank within category | 11 | 3 | 10 | 11 | 12 | 12 | 12 | 13 | 13 | 13 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Peer Comparison of JM Medium to Long 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 Medium to Long Duration Dir | 2 star | 7.37 | 5.08 | 4.87 | 0.62 | 24 | 5.50 | — | 11Y 6M |
| ICICI Pru Bond Dir | 4 star | 7.89 | 6.25 | 7.29 | 0.62 | 2,959 | 8.10 | — | 11Y 6M |
| SBI Magnum Income Dir | 4 star | 7.80 | 6.24 | 7.62 | 0.78 | 1,769 | 8.16 | 1.00 (365) | 11Y 6M |
| Kotak Bond Dir | 3 star | 8.49 | 6.46 | 7.12 | 0.69 | 1,977 | 7.82 | — | 11Y 6M |
| ABSL Income Dir | 3 star | 7.42 | 5.84 | 6.83 | 0.69 | 1,911 | 7.92 | — | 11Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 19 |
| Macaulay Duration (yrs) | 6.65 | 6.58 |
| Average Maturity (yrs) | 9.71 | 11.12 |
| Yield to Maturity (%) | 7.11 | 7.34 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For JM Medium to Long Duration Fund
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