JM Overnight Fund Unclaimed Redemption Direct Growth

JM Overnight Fund Unclaimed Redemption 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.

1. JM Overnight Fund Unclaimed Redemption Direct Growth has ₹97 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.
   

JM Overnight Fund Unclaimed Redemption Direct Growth has given a CAGR return of 6.06% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.38% and 6.38% respectively.

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

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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