JM Low Duration Fund (Direct) - Growth

JM Low Duration Fund (Direct) - Growth

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Debt
Direct
Low Duration
NAV: ₹ 34.32 as on 28-02-2024
Fund Performance
zero opening, trading, fund transfer fee
37 people have invested ₹ 13.8L in JM Low Duration Fund (Direct) - Growth in the last three months

Mutual Fund Insights

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Over the last 1 month, this fund has experienced a 10.8% drop in AUM moving from 300.08 Cr to 267.75 Cr.
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In the last 3 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.28% return, outperforming this fund by 1.95% per annum.
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In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 7.95% return, outperforming this fund by 0.63%.
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In the last 5 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.9% return, outperforming this fund by 1.57% per annum.
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This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.66%.

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

  1. JM Low Duration Fund (Direct) - Growth has ₹268 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.

JM Low Duration Fund (Direct) - Growth Overview

Expense ratio
Expense ratio
0.38%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹268 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
258.12%

JM Low Duration Fund (Direct) - Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
91.3%
AA
8.7%
Sector Allocation

Jan'24

Dec'23

Nov'23

Corporate
50.3%
Cash Equivalent
33.8%
Government
15.9%

Top Holdings of JM Low Duration Fund (Direct) - Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings25
Holdings
Weight%
1M Change
Bank Of Baroda
Bank Of Baroda
9.16%
100%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
9.11%
0%
National Housing Bank
National Housing Bank
7.44%
100%
Larsen And Toubro Limited
Larsen And Toubro Limited
5.59%
0%
Shriram Transport Finance Company Limited
Shriram Transport Finance Company Limited
5.57%
50%

JM Low Duration Fund (Direct) - Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 255.1 Cr
₹ 181.5 Cr
₹ 180.5 Cr
  • AUM of the fund stands at 255.1 Cr as of Jan'24
  • AUM increased by 73.6 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

JM Low Duration Fund (Direct) - Growth Fund Manager

Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Low Duration Fund (Direct) - Growth, since 5 April 2022

JM Low Duration Fund (Direct) - Growth Highlights

Risk meter
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Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.91% since inception which is more than its category average return of 4.97%
AUM size ₹268 Cr

AUM size ₹268 Cr

This fund has AUM of ₹268 Cr which is less than its category average of ₹ 3629 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% 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 ₹34.32 as on 28-Feb-2024.
Existing (Absolute + CAGR) as on 28-Feb-2024.
JM Low Duration Fund (Direct) - Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
3.53%
3.53%
1 Year Returns
7.32%
7.32%
3 Years Returns
16.89%
5.34%
5 Years Returns
29.69%
5.34%
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.
0.38% as on January 2024
₹268 Cr as on January 2024
Bank Of Baroda(9.16%), National Bank For Agriculture And Rural Development(9.11%), National Housing Bank(7.44%), Larsen And Toubro Limited(5.59%), Shriram Transport Finance Company Limited(5.57%) as on January 2024
Corporate(47.96%), Cash Equivalent(29.52%), Government(22.52%) as on January 2024
Yield to Maturity is 7.76 as on January 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 0.68 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
91.29
AA
8.71
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%