Item: JM Ultra Short Duration Fund (Direct) -Daily Dividend Reinvestment Option
Rating: 3
Author: Morningstar

Home › Mutual Funds › JM Financial Mutual Fund › JM Ultra Short Duration Fund (Direct) -Daily Dividend Reinvestment Option

10.343 (0.009%)

NAV on September 24, 2020

Category Fixed income:
Ultra Short Duration

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 35 cr

Turnover Ratio 259.85%

Expense Ratio

Exit Load -

Returns

1M: 0.27%
1Y: 5.88%
3M: 4.68%
3Y: 3.60%
6M: 6.67%
5Y: 4.62%

Min Investment 5,000

Scheme merged into JM Low Duration fund on 25.09.2020.

ADDITIONAL INFO

Fund Manager Vikas Agrawal (Since almost 13 years)

ISIN INF192K01DL6

Fund Family JM Financial

Launch Date January 01, 2013

Benchmark CRISIL Ultra Short Term Debt TR INR

Avg. Maturity 0.37 years

Yield To Maturity (%) 3.37%

INVESTMENT OBJECTIVE

To generate stable long term returns with low risk strategy and capital appreciation/ accretion besides preservation of capital through investments in Debt & Money Market instruments such that the Macaulay duration of the portfolio$ is between 3 months - 6 months. Investors are required to read all the scheme related information set out in the offer 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.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

Top Rated
Top Performing

Top Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Aditya Birla Sun Life Savings Fund Direct Plan Growth	511.325	7.66%	12,633 cr	0.39%	Average
Axis Ultra Short Term Fund Direct Growth	14.341	7.61%	4,651 cr	0.28%	Below Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	27.499	7.59%	12,586 cr	0.39%	Below Average
UTI - Ultra Short Duration Fund - Direct Plan - Growth Option	4178.243	7.51%	2,349 cr	0.43%	High
HDFC Ultra S/T Fund Direct Growth	14.227	7.48%	13,816 cr	0.36%	Below Average
Invesco India Ultra Short Duration Fund Direct Plan Growth	2643.987	7.45%	663 cr	0.24%	Average
Kotak Savings Fund Direct Growth	41.302	7.41%	13,375 cr	0.37%	Below Average

Best Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Nippon India Ultra Short Duration Fund Direct Growth Option	4072.270	7.70%	5,654 cr	0.38%	High
Aditya Birla Sun Life Savings Fund Direct Plan Growth	511.325	7.66%	12,633 cr	0.39%	Average
DSP Ultra Short Fund Direct Plan Growth	3398.298	7.60%	2,467 cr	0.31%	Below Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	27.499	7.59%	12,586 cr	0.39%	Below Average
UTI - Ultra Short Duration Fund - Direct Plan - Growth Option	4178.243	7.51%	2,349 cr	0.43%	High
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth	1436.985	7.50%	1,259 cr	0.3%	Average