February 12, 2025
mayank
JM Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 11.8571
NAV IDCW: Rs 11.8573
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) 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) | — |
| 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 | 7.18% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 117 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.37% |
| (As on 31-Jan-2025) | |
| 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 | 0.95 | 0.02 | 0.75 | 1.82 | 3.83 | 7.98 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.02 | 0.45 | 1.17 | 2.33 | 4.79 | — | — | — | — |
| Debt: Short Duration | 0.92 | 0.03 | 0.74 | 1.85 | 4.04 | 8.29 | — | — | — | — |
| Rank within category | 8 | 23 | 9 | 18 | 21 | 22 | — | — | — | — |
| Number of funds in category | 25 | 26 | 25 | 25 | 25 | 25 | 23 | 21 | 17 | 17 |
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 | 3 star | 7.98 | — | — | 0.37 | 117 | 7.18 | — | 2Y 5M |
| ICICI Pru Short Term Dir | 5 star | 8.49 | 7.54 | 7.43 | 0.45 | 19,848 | 8.52 | — | 12Y 1M |
| HDFC Short Term Debt Dir | 4 star | 8.43 | 6.88 | 6.96 | 0.40 | 14,110 | 8.06 | — | 12Y 1M |
| Axis Short Duration Dir | 4 star | 8.47 | 6.92 | 6.92 | 0.36 | 8,781 | 8.16 | — | 12Y 1M |
| ABSL Short Term Dir | 5 star | 8.50 | 7.17 | 7.39 | 0.38 | 8,141 | 8.61 | — | 12Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 18 | 55 |
| Macaulay Duration (yrs) | 2.59 | 2.77 |
| Average Maturity (yrs) | 2.96 | 3.57 |
| Yield to Maturity (%) | 7.38 | 7.43 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For JM Short Duration Fund
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