JM Medium to Long Duration Fund
NAV Growth: Rs 55.5399
NAV IDCW Quarterly: Rs 19.6254
NAV Bonus: Rs 23.8334
Suitable For Which Investors?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme seeks to provide high degree of liquidity, along with current income and capital preservation through a mix of debt and equity.
Fund Manager:
1) Gurvinder Singh Wasan
Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience: Prior to joining Principal Mutual Fund, he has worked with Crisil Ltd. and ICICI Bank Ltd.
2) Shalini Tibrewala
Education: Ms. Tibrewala is a B.Com (H), ACA and CS.
Experience: She has been associated with JM Financials since 2003.
Investment Details
Min. Investment (Rs) | 1,000 |
Min. Addl Investment (Rs) | 100 |
Min. SIP Investment (Rs) | 100 |
Min. Withdrawal (Rs) | 500 |
Min. No of Cheques | 12 |
Min. Balance (Rs) | 5,000 |
Lock-in Period | NA |
Exit Load | 0 |
Basic Details
Fund House | JM Financial Mutual Fund |
Launch Date | 01-Jan-13 |
Return Since Launch | 5.26% |
Benchmark | CRISIL Medium to Long Duration Debt B-III Index |
Riskometer | Moderate |
Type | Open-ended |
Assets | Rs 20 Cr |
(As on 31-Mar-2023) | |
Expense | 0.48% |
(As on 31-Mar-2023) | |
Risk Grade | Above Average |
Return Grade | Below Average |
JM Medium to Long Duration Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
JM Medium to Long Duration Dir | 2.63 | 0.06 | 1.14 | 2.20 | 4.58 | 4.96 | 4.46 | 3.30 | 4.10 | 5.08 |
VR Bond | 2.26 | 0.01 | 0.80 | 1.72 | 4.09 | 5.95 | 4.29 | 5.80 | 5.90 | 6.51 |
Debt: Medium to Long Duration | 2.60 | 0.06 | 1.13 | 2.16 | 4.47 | 6.56 | 5.68 | 6.77 | 6.86 | 7.28 |
Rank within category | 6 | 7 | 8 | 4 | 6 | 12 | 11 | 13 | 13 | 13 |
Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
JM Medium to Long Duration Fund Peer Comparison
Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
JM Medium to Long Duration Dir | 2 star | 4.96 | 4.46 | 3.30 | 0.48 | 20 | 5.26 | — | 10yrs 3mo |
SBI Magnum Income Dir | 4 star | 6.57 | 6.41 | 7.97 | 0.80 | 1,538 | 8.16 | 1.00 (365) | 10yrs 3mo |
ABSL Income Dir | 4 star | 5.25 | 6.32 | 7.93 | 0.49 | 1,496 | 7.96 | — | 10yrs 3mo |
ICICI Pru Bond Dir | 3 star | 6.62 | 6.11 | 7.51 | 0.60 | 2,228 | 8.07 | — | 10yrs 3mo |
Kotak Bond Dir | 3 star | 6.16 | 5.87 | 7.79 | 0.63 | 1,645 | 7.71 | — | 10yrs 3mo |
Portfolio Breakup
Fund | Category | |
Number of Securities | 2 | 18 |
Modified Duration (yrs) | 4.85 | 4.57 |
Average Maturity (yrs) | 6.62 | 7.01 |
Yield to Maturity (%) | 7.32 | 7.52 |
Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For JM Medium to Long Duration Fund
Apply Online: https://investor.jmfinancialmf.com/jmfinvestor/
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