JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal

JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal

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Debt
Direct
Medium To Long Duration
NAV: ₹ 22.28 as on 13-06-2024

About the Fund

JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal 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) Reinvestment of Medium to Long Dur Dist cum capital withdrawal has ₹23 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) Reinvestment of Medium to Long Dur Dist cum capital withdrawal has given a CAGR return of 5.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.64%, 4.89% and 5.16% respectively.

Holdings

JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal has allocated its funds majorly in Government, Financial Services, Consumer Cyclical, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2037, 7.18% Govt Stock 2033, 7.37% Govt Stock 2028, 7.1% Govt Stock 2034, Corporate Debt Market Development Fund - Class A2 Units

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) Reinvestment of Medium to Long Dur Dist cum capital withdrawal

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) Reinvestment of Medium to Long Dur Dist cum capital withdrawal has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.61%
Benchmark
Benchmark
CRISIL Composite Bond Fund TR INR
AUM
AUM
₹23 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
393.74%

JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Government
87.6%
Cash Equivalent
12.4%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 23 Cr
₹ 22.3 Cr
₹ 22.3 Cr
  • AUM of the fund stands at 23 Cr as of Apr'24
  • AUM increased by 0.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal as on (31-May-24)

  • Debt & Cash

Debt Holdings5
Holdings
Weight%
1M Change
7.18% Govt Stock 2037
7.18% Govt Stock 2037
23.75%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
23.75%
46.2%
7.37% Govt Stock 2028
7.37% Govt Stock 2028
21.65%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
21.57%
0%
Corporate Debt Market Development Fund - Class A2 Units
Corporate Debt Market Development Fund - Class A2 Units
0.24%
0%

Fund Manager

Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal, since 5 April 2022

JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal 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 5.77% since inception which is more than its category average return of 5.73%
AUM size ₹23 Cr

AUM size ₹23 Cr

This fund has AUM of ₹23 Cr which is less than its category average of ₹ 1020 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.18%

Frequently Asked Questions

The current NAV of JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal is ₹22.28 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
1.06%
1.06%
6 Month Returns
4.76%
4.76%
1 Year Returns
6.64%
6.64%
3 Years Returns
15.41%
4.89%
5 Years Returns
28.62%
5.16%
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.
0.61% as on May 2024
₹23 Cr as on May 2024
7.18% Govt Stock 2037(23.75%), 7.18% Govt Stock 2033(23.75%), 7.37% Govt Stock 2028(21.65%), 7.1% Govt Stock 2034(21.57%), Corporate Debt Market Development Fund - Class A2 Units(0.24%) as on May 2024
Yield to Maturity is 7.12 as on May 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 5.92 as on May 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) Reinvestment of Medium to Long Dur Dist cum capital withdrawal
The Exit load of JM Medium to Long Dur Fund (Direct) Reinvestment of Medium to Long Dur Dist cum capital withdrawal is 0%