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.
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 | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | 7Y Returns | 10Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JM Flexicap Fund | Equity | Very High | 106.66 | 0.68 | 0.4% | 20.7% | 18.6% | 18.0% | 17.6% | 4 | ₹4,504 | Exit load of 1%, if redeemed within 30 days. |
JM Aggressive Hybrid Fund | Hybrid | Very High | 134.20 | 0.87 | 2.1% | 19.1% | 16.4% | 15.0% | 13.4% | 4 | ₹651 | Exit load of 1%, if redeemed within 60 days. |
JM Small Cap Fund | Equity | Very High | 9.77 | 0.79 | 4.0% | -- | -- | -- | -- | -- | ₹560 | Exit load of 1%, if redeemed within 180 days. |
JM Midcap Fund | Equity | Very High | 19.98 | 0.75 | 8.5% | 25.4% | -- | -- | -- | 4 | ₹1,020 | Exit load of 1% if redeemed within 180 days. |
JM Value Fund | Equity | Very High | 103.86 | 1.25 | 1.6% | 20.3% | 18.4% | 16.8% | 17.3% | 2 | ₹721 | Exit load of 1%, if redeemed within 30 days. |
JM Large & Mid Cap Fund | Equity | Very High | 10.15 | 0.67 | -- | -- | -- | -- | -- | -- | ₹370 | Exit load of 1%, if redeemed within 180 days. |
JM Large Cap Fund | Equity | Very High | 174.30 | 0.93 | 5.4% | 16.1% | 14.0% | 13.6% | 12.6% | 3 | ₹389 | Exit load of 1%, if redeemed within 30 days. |
JM Focused Direct Plan-Growth | Equity | Very High | 22.75 | 0.84 | 4.6% | 18.7% | 15.5% | 12.2% | 15.0% | 3 | ₹247 | Exit load of 1%, if redeemed within 30 days. |
JM ELSS Tax Saver Fund | Equity | Very High | 54.23 | 1.01 | 5.7% | 19.8% | 16.6% | 16.6% | 17.0% | 4 | ₹195 | - |
JM Dynamic Bond Fund | Debt | Moderate | 45.59 | 0.43 | 3.2% | 7.0% | 6.1% | 6.2% | 6.8% | 4 | ₹53 | - |
JM Liquid Fund | Debt | Low to Moderate | 75.55 | 0.16 | 6.3% | 7.0% | 6.0% | 5.7% | 6.1% | 2 | ₹2,566 | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. See more |
JM Arbitrage Fund | Hybrid | Low | 36.52 | 0.41 | 6.2% | 7.3% | 6.2% | 5.5% | 5.7% | 2 | ₹353 | Exit load of 0.5%, if redeemed within 30 days. |
JM Overnight Fund | Debt | Low | 1,368.30 | 0.08 | 5.3% | 6.2% | 5.5% | -- | -- | 2 | ₹52 | - |
JM Low Duration Fund | Debt | Low to Moderate | 40.01 | 0.38 | 6.6% | 7.4% | 6.3% | 5.9% | 6.3% | 2 | ₹212 | - |
JM Medium to Long Duration Fund | Debt | Moderate | 70.98 | 0.6 | 3.2% | 7.0% | 5.6% | 4.2% | 4.9% | 4 | ₹29 | - |
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| Mutual fund name | JM Financial Mutual Fund |
| Asset management company name | JM Financial Mutual Fund |
| AMC Setup Date | 15 Sep 1994 |
| AMC Incorporation Date | 15 Sep 1994 |
| Sponsor name | JM Financial Ltd. |
| Trustee organisation | JM Financial Trustee Company Private Limited |
| Chairman | V.P Shetty |
| MD | Bhanu Katoch |
| CEO | Amitabh Mohanty(Chief Executive Officer) |
| CIO | Satish Ramanathan(Chief Investment Officer-Equity) |
| Compliance Officer | Diana D’sa |
| Investor Service Officer | Harish Kukreja |
| Total AUM (as of end of last quarter) | ₹12,014.42Cr |
| Address | One International Centre, 22nd Floor,Tower 2, Senapati Bapat Marg,Prabhadevi, Mumbai Mumbai 400013 |
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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.
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 20.66% & 18.62%. 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 | ₹4,504Cr |
| 1Y Returns | 0.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.15% & 16.38%. 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 | ₹651Cr |
| 1Y Returns | 2.1% |
Fund Performance: The JM Small Cap Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Small Cap Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹560Cr |
| 1Y Returns | 4.0% |
Fund Performance: The JM Midcap Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Midcap Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,020Cr |
| 1Y Returns | 8.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.25% & 18.35%. 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 | ₹721Cr |
| 1Y Returns | 1.6% |
Fund Performance: The JM Large & Mid Cap Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Large & Mid Cap Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹370Cr |
| 1Y Returns | -- |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.11% & 14.04%. 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 | ₹389Cr |
| 1Y Returns | 5.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.69% & 15.49%. The JM Focused Direct Plan-Growth comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for JM Focused Direct Plan-Growth is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹247Cr |
| 1Y Returns | 4.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.78% & 16.59%. 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 | ₹195Cr |
| 1Y Returns | 5.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.95% & 6.11%. 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 | ₹53Cr |
| 1Y Returns | 3.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.95% & 6.04%. 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 | ₹2,566Cr |
| 1Y Returns | 6.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.25% & 6.17%. 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 | ₹353Cr |
| 1Y Returns | 6.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.19% & 5.48%. 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 | ₹52Cr |
| 1Y Returns | 5.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.36% & 6.27%. 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 | ₹212Cr |
| 1Y Returns | 6.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.97% & 5.63%. 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 | ₹29Cr |
| 1Y Returns | 3.2% |
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