JM Low Duration Fund (Direct) - Growth
Debt
Direct
Low Duration
NAV: ₹ 34.73 as on 24-04-2024
Fund Performance
16 people have invested ₹ 8.7L in JM Low Duration Fund (Direct) - Growth in the last three months
Mutual Fund Insights
In the last 3 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.42% return, outperforming this fund by 1.89% per annum.
In the last 5 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.89% return, outperforming this fund by 1.58% per annum.
Over the last 3 months, this fund has experienced a 16.9% drop in AUM moving from 300.08 Cr to 249.39 Cr.
This fund expense ratio is slightly on the lower side within the category (low duration). Its expense ratio is 0.51% which is lower than the category average expense ratio of 0.67%.
In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 8.05% return, outperforming this fund by 0.75%.
About the JM Low Duration Fund (Direct) - Growth
JM Low Duration Fund (Direct) - Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Gurvinder Wasan. This fund is suitable to keep your money safe.
Key Parameters
- JM Low Duration Fund (Direct) - Growth has ₹249 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.5.
JM Low Duration Fund (Direct) - Growth Overview
 | 0.51% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹249 Cr |
 | 1 January, 2013 |
 | ₹1000/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 258.12% |
JM Low Duration Fund (Direct) - Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
86.6%
AA
13.4%
Sector Allocation
Corporate
66.2%
Government
20.2%
Cash Equivalent
13.6%
Top Holdings of JM Low Duration Fund (Direct) - Growth as on (31-Mar-24)
Debt Holdings28
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Housing Bank | 8% | 0% | |
Axis Bank Ltd. | 7.91% | 0% | |
National Bank For Agriculture And Rural Development | 7.87% | 0% | |
Larsen And Toubro Limited | 6.02% | 0% | |
Rural Electrification Corporation Limited | 4.03% | 0% |
See all
JM Low Duration Fund (Direct) - Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 236.5 Cr as of Mar'24
- AUM decreased by 12.7 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
JM Low Duration Fund (Direct) - Growth Fund Manager
Gurvinder Wasan
Fund Manager of JM Low Duration Fund (Direct) - Growth, since 5 April 2022
Top funds managed
JM Low Duration Fund (Direct) - Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.93% since inception which is more than its category average return of 4.98%
AUM size ₹249 Cr
This fund has AUM of ₹249 Cr which is less than its category average of ₹ 3606 Cr
Expense Ratio 0.51%
This fund has an expense ratio of 0.51% which is less than its category average expense ratio of 0.65%
Frequently Asked Questions
The current NAV of JM Low Duration Fund (Direct) - Growth is ₹34.73 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
JM Low Duration Fund (Direct) - Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.74% | 0.74% |
6 Month Returns | 3.74% | 3.74% |
1 Year Returns | 7.25% | 7.25% |
3 Years Returns | 17.55% | 5.54% |
5 Years Returns | 29.51% | 5.31% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.51% as on March 2024
₹249 Cr as on March 2024
National Housing Bank(8%), Axis Bank Ltd.(7.91%), National Bank For Agriculture And Rural Development(7.87%), Larsen And Toubro Limited(6.02%), Power Finance Corporation Limited(4.03%) as on March 2024
Corporate(66.25%), Government(20.18%), Cash Equivalent(13.57%) as on March 2024
Yield to Maturity is 7.74 as on March 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.84 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 86.56 |
AA | 13.44 |
Gurvinder Wasan is the fund manager of JM Low Duration Fund (Direct) - Growth
The Exit load of JM Low Duration Fund (Direct) - Growth is 0%