Fund Details
JM Core 11 Direct Plan Growth
| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.18% |
| NAV | ₹11.36 (20 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹51 Cr |
Returns
Comparison
1. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Higher expense ratio - 2.18%
4. 1Y Returns are lower than the category average returns
5. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 9.8% |
| Larsen & Toubro Ltd. | Construction | Equity | 9.5% |
| Titan Company Ltd. | Cons Durable | Equity | 9.4% |
| Asian Paints Ltd. | Chemicals | Equity | 9.1% |
| Bharti Airtel Ltd. | Communication | Equity | 9.1% |
| Axis Bank Ltd. | Financial | Equity | 8.9% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 8.8% |
| Bajaj Finance Ltd. | Financial | Equity | 8.8% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 8.6% |
| Shree Cement Ltd. | Construction | Equity | 8.6% |
Fund Managers
JM Core 11 Direct Plan Growth Details
JM Core 11 Direct Plan Growth is a Equity Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Asit Bhandarkar, Chaitanya Choksi is the Current Fund Manager of JM Core 11 Direct Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹51 Cr and the Latest NAV as of 20 Jan 2021 is ₹11.36.
The JM Core 11 Direct Plan Growth is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1%, if redeemed within 60 days.
Investment Objective
The objective of the fund is to generate returns by investing predominantly in a concentrated portfolio of equity and equity related securities. The 'concentrated portfolio' will comprise of not more than 11 stocks with each stock being invested to the extent of 9.09% of the NAV of the scheme.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
