JM Overnight Fund Direct Growth logo

JM Overnight Fund Direct Growth

Aggregate Rating: 2/5
Debt Overnight
Back to Screener

Overview

JM Overnight Fund Direct Growth

JM Financial Mutual Fund

The Scheme seeks 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.

Investments in JM Overnight Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.

Latest NAV

₹ 1300.226

Fund Size (AUM)

₹237.72 Cr

Risk

Low (Risk rating: 1/10)

Minimum Investment

Lumpsum: ₹ 1000

SIP: ₹100

Launch Date

03-Dec-2019

Expense Ratio

0.08%

Exit Load

Nil

Benchmark

CRISIL Liquid Overnight Index

Standard Deviation

0.23

History

Performance & Ratios

1-Year SIP Return

6.53%

3-Year SIP Return

6.55%

5-Year SIP Return

5.81%

Mean Return

-

Alpha

0.84

Beta

0.44

Sharpe Ratio

-0.34

Sortino Ratio

-0.34

Information Ratio

7.51

Returns
1Y 3Y 5Y All Time
Fund Returns 6.52% 6.29% 5.04% 6142.64%
Category Average 6.48% 6.24% 4.97% N/A
Rank Within Category 29 23 20 N/A

Holdings (1)

Company Sector Instrument Assets
Clearing Corporation of India Others CBLO 99.56%

Holdings Analysis

Peer Comparison

Peer Comparison

Fund Name AUM (₹ Cr) 1Y Return (%) 3Y Return (%) Expense Ratio (%) Rating
Axis Overnight Fund Direct Growth 6348.03 6.65 6.38 0.05 N/A
Nippon India Overnight Fund Direct Growth 4738.29 6.64 6.36 0.08 N/A
Aditya Birla Sun Life Overnight Fund Direct Growth 5253.21 6.61 6.35 0.08 N/A
DSP Overnight Fund Direct Growth 1366.7 6.6 6.35 0.08 N/A
Quant Overnight Fund Direct Growth 139.18 6.68 N/A 0.16 N/A

SIP, STP & SWP Details

Systematic Investment Plan (SIP):

Frequency: Monthly

Min Amount: ₹ 100

Multiplier: 1

Systematic Transfer Plan (STP):

Frequency: MONTHLY

Dates: Any day of the month

Min Amount: ₹ 1000

Min Installments: 6

Systematic Withdrawal Plan (SWP):

Frequency: MONTHLY

Dates: 1, 5, 10, 15, 20, 25

Min Amount: ₹ 1000

Min Installments: 6

AMC Details

Asset Management Company

JM Financial Mutual Fund

JM Financial Mutual Fund started their mutual fund on 15/09/1994 and its managing total assets of ₹13,952 Cr. Its ranked at 18 as per total assets at end of 30th Sep 2017. JM Financial Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.

The fund was launched on 15th September 1994 and JM Financial Trustee Company Private Limited acts as the trustee company to JM Financial Mutual Fund.

The main motto of JM Financial is to create wealth for each and every customer. The asset management company wants to be a trusted source to its investors and make them believe that being trustworthy is the most efficient way of generating and long-term business.

The main objectives of the fund is integrity, teamwork, client focus, innovation, implementation and adequate performance. It hosts a bouquet of mutual funds for retail as well as institutional investors and their mission is to mitigate risk, while generating returns over different categories. The professionals aim to scientifically take investment decisions, in order to seek the best possible results.

Launch Date

1994-09-15T00:00:00.054Z

Total AUM

₹ 13432.84 Cr

Address

Office B-8th Floor-Cnergy,Appasaheb Marathe Marg,Prabhadevi, Mumbai 400025

Phone

022-33797777 / 1800-103-8345

Website

http://www.JMFinancialmf.com

Sub Type

Gilt

Sub Type Info

Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.

Tax Impact

Returns are taxed as per your Income Tax slab.

Stamp Duty

0.005% (from July 1st, 2020)

Fund Manager Details

Compare with Another Fund

JM Overnight Fund Direct Growth

JM Financial Mutual Fund

Add to Compare

Explore More Mutual Funds

Frequently Asked Questions

How is the overall rating calculated?

The overall rating for JM Overnight Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.

What are the top stocks of JM Overnight Fund Direct Growth?

The top stocks held by JM Overnight Fund Direct Growth include Clearing Corporation of India.

Which industries does JM Overnight Fund Direct Growth invest in?

JM Overnight Fund Direct Growth primarily invests in the following industries: Others.

Who are the fund managers of JM Overnight Fund Direct Growth?

The fund managers of JM Overnight Fund Direct Growth are Killol Pandya and Naghma Khoja and Ruchi Fozdar.

How many years has the fund manager been managing JM Overnight Fund Direct Growth?

Killol Pandya: Calculating...
Naghma Khoja: Calculating...
Ruchi Fozdar: Calculating...

What is the minimum investment for JM Overnight Fund Direct Growth?

The minimum investment for JM Overnight Fund Direct Growth is ₹1000 for lumpsum investments and ₹100 for SIPs.

What are the average 1-year returns for JM Overnight Fund Direct Growth?

Calculating...

What are the average 3-year returns for JM Overnight Fund Direct Growth?

Calculating...

What is the expense ratio of JM Overnight Fund Direct Growth, and how does it compare to its category?

The expense ratio of JM Overnight Fund Direct Growth is 0.08%. The average expense ratio for similar funds in the Debt is Calculating....