JM Floater Short term Plan Direct Growth is a Debt Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Shalini Tibrewala is the Current Fund Manager of JM Floater Short term Plan Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹2 Cr and the Latest NAV as of 01 Jan 2017 is ₹24.22.
The JM Floater Short term Plan Direct Growth is rated Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
The scheme Objective is to provide regular income and capital appreciation through investment in Floating Rate debt Instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment