JM Financial Mutual Fund is one of the first privately operated mutual funds company, which commenced its operations back in 1993-94. It is a subsidiary of the much older JM Financial Group, which has a rich pedigree and long standing in the financial services sector of India.
The mother company’s origins can be traced back to the first decade of Indian independence, when the group’s founder, the Kampani family, started taking an interest in the then embryonic capital funds market.
The first financial company under the group, JM Financial & Investment Consultancy Services, opened its gates on 15 September 1973. It’s first Chairperson, Mr. Nimesh N. Kriplani, was already an established name in the financial services sector, having played a pivotal part in educating the Indian populace about the ins and outs of investing in blue-chip companies.
Over a decade later, on January 30, 1986, JM Share & Stock Brokers (JMSSB) was established. It was the precursor to JM Financial Asset Management Ltd, the AMC of JM Financial Mutual Funds.
JM Financial Ltd started its journey on a high, simultaneously launching three funds, namely, JM Equity Fund, JM Liquid Fund (later renamed JM Income Fund), and JM Balanced Fund. These would go on to become the building blocks for a diverse portfolio of funds that JM Financial would launch swiftly in the next decades.
Having entered a Joint Venture with the world’s leading financial services company, Morgan Stanley, in 1997, JM Financial Ltd expanded its wings exponentially. By 2001, the company had repaid all its loans in full and redeemed its last instalment of a 14% Debenture, making it a zero debt organisation for the first time since it started operations.
In 2006, the company reached two important milestones- it launched a corporate, private equity fund and merged J.M. Securities Pvt. Ltd. The acquisition spree continued well into 2008 when they amalgamated JM Financial ASK Securities Pvt. Ltd. In the same year, JM Financial entered a strategic agreement with an aim to offer advisory services to African and Indian corporate firms on their operations on the Indo-African corridor.
JM Financial has been involved in several other strategic partnerships with prominent finance management companies such as Seabury and Fairassets Technologies India Pvt. Ltd.
The primary objective of JM Financial Ltd. is and has always been to provide prudent financial advice to its clients and ensure high quarterly returns on its entire portfolio of funds through effective risk management. As of March 2024, they manage assets worth Rs. 5819.13 Crore spread across 74 schemes.
They deal in the entire gamut of mutual funds including debt, equity, ELSS, liquid and fixed assets funds. With a team of highly experienced fund managers who have an in-depth understanding of the industry, JM Financial Ltd. is set to continue playing a pivotal part in the financial services sector of the Indian economy.
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
JM Flexicap Fund | Equity | Very High | 44.0% | 5 | ₹4,531 |
JM Aggressive Hybrid Fund | Hybrid | Very High | 36.1% | 5 | ₹642 |
JM Large Cap Fund | Equity | Very High | 31.9% | 5 | ₹429 |
JM Value Fund | Equity | Very High | 36.5% | 4 | ₹1,084 |
JM Equity Hybrid Fund | Hybrid | Very High | 28.0% | 4 | ₹93 |
JM ELSS Tax Saver Fund | Equity | Very High | 38.8% | 4 | ₹186 |
JM Low Duration Fund | Debt | Low to Moderate | 7.8% | 4 | ₹240 |
JM Focused Fund | Equity | Very High | 32.8% | 3 | ₹177 |
JM Dynamic Bond Fund | Debt | Moderate | 9.0% | 3 | ₹45 |
JM Short Duration Fund | Debt | Moderate | 8.2% | 3 | ₹126 |
JM Arbitrage Fund | Hybrid | Low | 7.9% | 2 | ₹182 |
JM Liquid Fund | Debt | Low to Moderate | 7.4% | 2 | ₹2,476 |
JM Overnight Fund | Debt | Low | 6.7% | 2 | ₹117 |
JM Medium to Long Duration Fund | Debt | Moderate | 9.3% | 2 | ₹27 |
JM Short Term Plan Fund | Debt | Moderate | 4.5% | 2 | ₹29 |
| View All |
| Mutual fund name | JM Financial Mutual Fund |
| Asset management company name | JM Financial Asset Management Ltd. |
| AMC Setup Date | 15 September 1994 |
| AMC Incorporation Date | 09 June 1994 |
| Sponsor name | JM Financial Ltd. |
| Trustee organisation | JM Financial Trustee Company Pvt. Ltd. |
| Chairman | V.P Shetty |
| MD and CEO | Bhanu Katoch |
| CIO | Mr. Saravana Kumar A |
| Compliance Officer | Diana D’sa |
| Investor Service Officer | Harish Kukreja |
— Registered with SEBI, AMFI & BSE
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Investing in JM Financial Mutual Fund is a quick and relatively simple process. It takes no more than a few minutes, and the entire process is completely online. You can now go ahead with your chosen JM Financial Mutual Fund invest online from anywhere you like.
The process of investing in JM Financial Mutual Funds is described below.
Step 1: Visit the Groww website and register your account. If you already have an account, you need just to log in.
Step 2: Submit your identity proof documents. Government-issued identity cards such as Voter ID card, Passport, Driving License, Aadhaar, PAN, etc. are valid documents you can use.
Step 3: Submit your address proof documents. If your identity proof papers are also proof of address, then you can skip this step. If not, you can upload your Aadhaar card, utility bills or ration cards for the purpose.
Step 4: In the next prompt, choose an investment tenure you are comfortable with.
Step 5: Choose the level of risk. It can be low, medium or high.
Step 6: From a list of available choices, select a JM Financial Mutual Fund, you wish to invest in.
Step 7: Select either ‘Invest One Time’ or ‘Start SIP’. The first option allows you to invest a lump sum in one go while the latter lets you make a SIP investment.
You can easily complete your JM Financial Mutual Fund online investment following these seven simple steps. Within the next 4 business days, the fund purchase shall reflect on your Groww account.
1. Mr. Harish C. Kukreja
Mr. Harish C. Kukreja is one of the most influential brains in the financial services industry with almost four decades of experience behind him. A 1982 batch Commerce MA holder from Delhi University, he also earned his MBA in Finance from the prestigious Faculty of Management Studies in 1997.
Mr. Kukreja started his career as a Probationary Officer in Canara Bank before moving on to the Unit Trust of India (now UTI Asset Management Pvt. Ltd.), where he oversaw the launch of the PAN Card Project in 512 towns and cities across the country.
Mr. Kukreja joined JM Financial Mutual Funds in 2004, where he is currently an Executive Director and the Head of Investor Services, Banking Operations and Settlements. Apart from supervising a team of fund managers, Mr. Kukreja is also responsible for Investment Monitoring, Banking & Settlement operations, DRT & BIFR cases and Investor Services, among other things.
2. Mr. Asit Bhandarkar
Asit Bhandarkar, a Finance MBA from the University of Mumbai, has over 15 years of experience in the financial services industry. Before joining JM Financial Ltd. in 2006, Mr. Bhandarkar had spent brief stints at Sushil Finance and Jet Age Securities as a Research Analyst. He moved on to fund management in 2003 when he joined SBI Funds Management. He worked there for two years before moving on to Lotus India AMC, where he served as a Fund Manager for another year.
At JM Financial Mutual Fund, Mr. Bhandarkar has managed multiple funds, mostly in the Equity section. Currently, he oversees 27 schemes with a cumulative AuM of Rs. 2,454 Crore. He is considered one of the most dynamic fund managers in the industry with a multitude of his plans returning over 16% per annum. Some of the significant funds that Mr. Bhandarkar manages include JM Value Fund Direct Plan-Growth, JM Core 11 DirectPlan-Growth, JM Large Cap Fund Direct Plan-Dividend Yearly and JM Core 11 Direct Plan Dividend.
3. Mr. Chaitanya Choksi
Mr. Chaitanya Choksi is another maverick Fund Manager in the Equity division with over 17 years of market experience. He earned his MBA degree in Finance from the reputable SVKM’s Narsee Monjee Institute of Management Studies in 2001.
Mr. Choksi has held several crucial portfolios in his decorated career. Before becoming a member of JM Financial Ltd.’s Equity team, he had worked with UTI Investment Advisory Services Ltd., IL & FS Investsmart, Chanrai Finance Pvt. Ltd., and most recently with Lotus India AMC.
Being one of the essential cogs in JM Financial Ltd.’s fund management team, Mr. Choksi oversees 26 schemes worth an aggregated AuM of Rs. 2,354 Crore. Some of the key schemes under his management are JM Core 11 Direct Plan, JM Large Cap Fund Direct Plan, JM Arbitrage Fund and JM tax gain Fund.
4. Mr. Vikas Agrawal
Mr. Vikas Agrawal is a key member of the Debt Fund Management team at JM Financial Mutual Fund India. He is a 2003 batch PGDBM in Finance from the International School of Business and Media.
Mr. Agrawal started his career at Centrum Capital Ltd. as the Manager of their Fixed income team. He migrated to SPA capital Service Ltd. in 2004 where he worked as the Assistant Vice President of Fixed Income till 2007, after which he joined JM Financial Ltd.
Apart from managing 35 schemes which account for AuM of Rs. 789 Crore, Mr. Agrawal is also involved in various operational processes in the firm. As a Senior Vice President and Fund Manager, he is responsible for managing Fixed Income portfolios, managing asset allocation and credit of Fixed Income security bonds, as well as selecting Security portfolios.
Key funds under his management include JM Dynamic Debt Fund Direct-Growth, JM Money Market Fund Direct Plan-Growth, JM Dynamic Debt Fund Direct-Growth, and JM G-Sec Direct Plan-Dividend Monthly.
5. Mr. Sanjay Chhabaria
Mr. Sanjay Chhabaria has been in the equity research and fund management segment for close to two decades now and has an in-depth understanding of the financial services sector in India. Mr. Chhabaria has been associated with JM Financial Mutual Funds for almost 12 years and currently serves as a Fund Manager in its Equity division.
Prior to this, he had worked as a Fund Manager at top financial services companies like Lotus India AMC and SBI Funds Management. He has also worked as a Research Analyst at IDBI Capital Markets and SMIFS Securities Ltd., where he started his career back in 1999.
At JM Financial, Mr. Chhabaria manages JM Tax Gain Fund, JM Multi-Cap Fund, JM Arbitrage Fund, and JM Equity Hybrid Fund, among several others.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 28.43% & 25.72%. The JM Flexicap Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Flexicap Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹4,531Cr |
| 1Y Returns | 44.0% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.73% & 25.78%. The JM Aggressive Hybrid Fund comes under the Hybrid category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Aggressive Hybrid Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹642Cr |
| 1Y Returns | 36.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.88% & 19.48%. The JM Large Cap Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Large Cap Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹429Cr |
| 1Y Returns | 31.9% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 27.6% & 25.69%. The JM Value Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Value Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,084Cr |
| 1Y Returns | 36.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 23.03% & 16.18%. The JM Equity Hybrid Fund comes under the Hybrid category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Equity Hybrid Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹93Cr |
| 1Y Returns | 28.0% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.58% & 23.12%. The JM ELSS Tax Saver Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹186Cr |
| 1Y Returns | 38.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.37% & 9.58%. The JM Low Duration Fund comes under the Debt category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Low Duration Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹240Cr |
| 1Y Returns | 7.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.99% & 18.21%. The JM Focused Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Focused Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹177Cr |
| 1Y Returns | 32.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.36% & 6.24%. The JM Dynamic Bond Fund comes under the Debt category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Dynamic Bond Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹45Cr |
| 1Y Returns | 9.0% |
Fund Performance: The JM Short Duration Fund comes under the Debt category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Short Duration Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹126Cr |
| 1Y Returns | 8.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.47% & 5.11%. The JM Arbitrage Fund comes under the Hybrid category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Arbitrage Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹182Cr |
| 1Y Returns | 7.9% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.34% & 5.31%. The JM Liquid Fund comes under the Debt category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Liquid Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹2,476Cr |
| 1Y Returns | 7.4% |
Fund Performance: The JM Overnight Fund comes under the Debt category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Overnight Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹117Cr |
| 1Y Returns | 6.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.38% & 5.96%. The JM Medium to Long Duration Fund comes under the Debt category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Medium to Long Duration Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹27Cr |
| 1Y Returns | 9.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 3.67% & 5.61%. The JM Short Term Plan Fund comes under the Debt category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Short Term Plan Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹29Cr |
| 1Y Returns | 4.5% |
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