JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth

JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth

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Debt
Direct
Overnight
NAV: ₹ 1073.99 as on 13-06-2024

About the Fund

JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth is a debt fund. This fund was started on 24 January, 2022. The fund is managed by . This fund is suitable to keep your money safe.

Key Parameters

  1. JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth has ₹286 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth has given a CAGR return of 0.00% since inception.

Holdings

JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are

Taxation

As it is a overnight 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 Overnight Fund Unclaimed Redemption I.E.F. Direct Growth

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. Investors are required to read all the scheme related information set out in this document carefully and also note that there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.16%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹286 Cr
Inception Date
Inception Date
24 January, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
202.03%

JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Sector Allocation

Apr'24

Mar'24

Feb'24

Cash Equivalent
100%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 314.9 Cr
₹ 314.9 Cr
₹ 249.7 Cr
  • AUM of the fund stands at 314.9 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24

JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
AUM size ₹286 Cr

AUM size ₹286 Cr

This fund has AUM of ₹286 Cr which is less than its category average of ₹ 2630 Cr
Expense Ratio 0.16%

Expense Ratio 0.16%

This fund has an expense ratio of 0.16% which is more than its category average expense ratio of 0.13%

Frequently Asked Questions

The current NAV of JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth is ₹1073.99 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0%
0%
6 Month Returns
0%
0%
1 Year Returns
-0%
-0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.16% as on May 2024
₹286 Cr as on May 2024
Yield to Maturity is 6.65 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 0.01 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
The Exit load of JM Overnight Fund Unclaimed Redemption I.E.F. Direct Growth is 0%