JM Medium to Long Dur Fund Direct Growth

JM Medium to Long Dur Fund Direct Growth

Debt

Direct

Medium To Long Duration

NAV as on 04-12-2024

₹ 65.84

0.2%

1D

Inception Returns

5.6%

/yr

About JM Medium to Long Dur Fund Direct Growth

JM Medium to Long Dur 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 Medium to Long Dur Fund Direct Growth has ₹29 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

JM Medium to Long Dur Fund Direct Growth has given a CAGR return of 5.65% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.64%, 5.57% and 6.04% respectively.

Holdings

JM Medium to Long Dur Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Consumer Cyclical, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2037, 7.1% Govt Stock 2034, 7.37% Govt Stock 2028, 7.23% Govt Stock 2039, 7.18% Govt Stock 2033

Taxation

As it is a medium to long duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of JM Medium to Long Dur Fund Direct Growth

To generate stable long term returns with low risk strategy and capital appreciation / accretion through investment in debt instruments and related securities besides preservation of capital.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Medium to Long Dur Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2 people have invested ₹ 6K in JM Medium to Long Dur Fund Direct Growth in the last three months

JM Medium to Long Dur Fund Direct Growth Overview

Expense ratio0.64%
Benchmark
CRISIL Composite Bond Fund TR INR
AUM₹29 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
324.92%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (04-Dec-24)

Period
JM Medium to Long Dur Fund Direct Growth
Medium to Long Duration Index
1M
1%
0.8%
3M
2.1%
1.8%
6M
5%
4.7%
1Y
9.6%
9.4%
3Y
5.6%
5.9%
5Y
6%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
84.3%
Cash Equivalent
15.7%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 27.7 Cr
₹ 27.7 Cr
₹ 24.5 Cr
  • AUM of the fund stands at 27.7 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone up from 12.5% to 15.7%
Cash allocation has gone up from 12.5% to 15.7%
Debt allocation has gone down from 87.3% to 84.1%
Debt allocation has gone down from 87.3% to 84.1%

Top 3 Sectors in October were Government, Financial Services & Consumer Cyclical

Oct'24
Government
84%
Financial Services
67%
Consumer Cyclical
33%
Sep'24
Government
87%
Financial Services
67%
Consumer Cyclical
33%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2037
7.18% Govt Stock 2037
40.72%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
34.99%
0%
7.37% Govt Stock 2028
7.37% Govt Stock 2028
7.4%
0%
7.23% Govt Stock 2039
7.23% Govt Stock 2039
1.86%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
1.85%
0%
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Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Medium to Long Dur Fund Direct Growth, since 5 April 2022
Fund House
JM Financial Asset Management Limited
Total AUM
₹36.23K Cr
as on 31-Oct-2024
Address
JM Financial Asset Management Private Limited,502, 5th Floor, A - Wing,,Laxmi Towers, Bandra-Kurla Complex,,Bandra-East
Phone
+912261987777
Website
investor@jmfl.com

Mutual Fund Insights

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In the last 1 year, Kotak Bond Direct Growth has given 10.55% return, outperforming this fund by 0.91%.
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In the last 3 years, UTI Medium to Long Duration Fund Direct Plan Growth has given 8.58% return, outperforming this fund by 3% per annum.
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Over the last 3 months, this fund has experienced a 19.8% growth in AUM moving from 23.83 Cr to 28.56 Cr.
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In the last 5 years, SBI Magnum Income Fund Direct Growth has given 7.63% return, outperforming this fund by 1.6% per annum.

JM Medium to Long Dur Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 5.65% since inception which is less than its category average return of 5.76%
AUM size ₹29 Cr

AUM size ₹29 Cr

This fund has AUM of ₹29 Cr which is less than its category average of ₹ 978 Cr
Expense Ratio 0.64%

Expense Ratio 0.64%

This fund has an expense ratio of 0.64% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions for JM Medium to Long Dur Fund Direct Growth

The current NAV of JM Medium to Long Dur Fund Direct Growth is ₹65.84 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
JM Medium to Long Dur Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.01%
1.01%
6 Month Returns
5.02%
5.02%
1 Year Returns
9.64%
9.64%
3 Years Returns
17.66%
5.57%
5 Years Returns
34.05%
6.04%
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.
0.64% as on November 2024
₹29 Cr as on November 2024
7.18% Govt Stock 2037(40.72%), 7.1% Govt Stock 2034(34.99%), 7.37% Govt Stock 2028(7.4%), 7.23% Govt Stock 2039(1.86%), 7.18% Govt Stock 2033(1.85%) as on November 2024
Yield to Maturity is 6.87 as on November 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 6.13 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Gurvinder Wasan is the fund manager of JM Medium to Long Dur Fund Direct Growth
The Exit load of JM Medium to Long Dur Fund Direct Growth is 0%