Name: JM Liquid Fund Direct IDCW Daily
Brand: JM Financial Mutual Fund

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JM Liquid Fund Direct IDCW Daily
Debt
Liquid
Moderate Risk
4.97%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 20 Oct 2021₹10.43
Min. SIP amountNA
Rating2star
Fund size₹980.32 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Liquid
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.3%5.0%5.8%7.1%
Category average3.1%5.1%5.8%NA
Rank with in category132419NA
Understand termsinfo
Holdings (17)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills10.1%
Reserve Bank of India
FinancialT-Bills5.9%
REC Ltd.
FinancialDebenture5.1%
Indian Oil Corporation Ltd.
EnergyCP5.1%
Housing Development Finance Corpn. Ltd.
FinancialCP5.1%
Nabha Power Ltd.
EngineeringCP5.1%
Bharti Airtel Ltd.
CommunicationCP5.1%
Reliance Retail Ventures Ltd.
ServicesCP5.1%
ICICI Securities Ltd.
FinancialCP5.1%
Cholamandalam Investment & Finance Company Ltd.
FinancialCP5.1%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Liquid
thumb_up_altPros
1Y and 5Y annualised returns higher than category average
Lower expense ratio: 0.12%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
thumb_down_altCons
3Y annualised returns lower than category average by 0.12%
Low rating: 2
Lower AUM: 980Cr.
Funds with lower AUM tend to have higher expense ratio
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.12%
31 Aug 2021 - 30 Sep 2021
0.12%
31 Jul 2021 - 31 Aug 2021
0.12%
Expense ratio, exit load and taxExpense ratio: 0.12%Inclusive of GST
Exit loadExit 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.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIPNA
Fund managementShalini Tibrewala
Jan 2013 - Present
View details
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Education
Ms. Tibrewala is a B.Com (H), ACA and CS.
Experience
She has been associated with JM Financials since 2003.
Also manages these schemes
JM Income Fund IDCW Quarterly
JM Income Fund Growth
JM Liquid Fund IDCW Weekly
JM Liquid Fund Growth
JM Liquid Fund IDCW Quarterly
JM Liquid Fund Daily IDCW
JM Income Fund Bonus
JM Liquid Fund Bonus
JM Dynamic Debt Fund IDCW Quarterly
JM Dynamic Debt Fund Growth
JM Dynamic Debt Fund Premium Plan IDCW Fortnightly
JM Dynamic Debt Fund IDCW Weekly
JM Dynamic Debt Fund Premium Plan IDCW Daily
JM Dynamic Debt Fund IDCW Daily
JM Liquid Fund Direct Growth
JM Liquid Fund Direct IDCW Weekly
JM Liquid Fund Direct IDCW Quarterly
JM Liquid Fund Direct Bonus
JM Liquid Fund Direct IDCW Daily
JM Income Fund Direct Bonus
JM Income Fund Direct Growth
JM Income Fund Direct IDCW Quarterly
JM Dynamic Debt Fund Direct IDCW Daily
JM Dynamic Debt Fund Direct IDCW Weekly
JM Dynamic Debt Fund Direct IDCW Quarterly
JM Dynamic Debt Fund Direct Growth
JM Dynamic Debt Fund Direct Bonus
JM Dynamic Debt Fund Bonus
JM Dynamic Debt Fund Direct Half Yearly Bonus
JM Dynamic Debt Fund Half Yearly Bonus
JM Dynamic Debt Fund IDCW Monthly
JM Dynamic Debt Fund Direct IDCW Monthly
JM Liquid Fund Unclaimed Redemption
JM Liquid Fund Unclaimed IDCW
JM Money Market Fund Direct Plan Growth
JM Money Market Fund Growth
JM Low Duration Fund IDCW Daily
JM Low Duration Fund Direct Plan IDCW Daily
JM Low Duration Fund IDCW Fortnightly
JM Low Duration Fund Direct Plan IDCW Fortnightly
JM Low Duration Fund Growth
JM Low Duration Fund IDCW Weekly
JM Low Duration Fund Direct Plan Growth
JM Overnight Fund Direct Growth
Vikas Agrawal
Aug 2021 - Present
View details
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Education
Mr. Agarwal is a B.Com and PGDBM (Finance)
Experience
He has been associated with JM Financials since 2011.
Also manages these schemes
JM Income Fund IDCW Quarterly
JM Income Fund Growth
JM Liquid Fund IDCW Weekly
JM Liquid Fund Growth
JM Liquid Fund IDCW Quarterly
JM G Sec Fund IDCW Quarterly
JM G Sec Fund Growth
JM G Sec Fund Bonus
JM Liquid Fund Daily IDCW
JM Income Fund Bonus
JM Short Term Fund Regular IDCW Fortnightly
JM Short Term Plan Growth
JM Short Term IDCW Fortnightly
JM Liquid Fund Bonus
JM Dynamic Debt Fund IDCW Quarterly
JM Dynamic Debt Fund Growth
JM Dynamic Debt Fund Premium Plan IDCW Fortnightly
JM Ultra Short Duration Fund Regular Plan Growth
JM Ultra Short Duration Fund Regular Plan IDCW Daily
JM Dynamic Debt Fund IDCW Weekly
JM Dynamic Debt Fund Premium Plan IDCW Daily
JM Dynamic Debt Fund IDCW Daily
JM Ultra Short Duration Fund Regular Plan IDCW Fortnightly
JM Ultra Short Duration Fund Regular Plan IDCW Weekly
JM Short Term Fund Regular IDCW Daily
JM Short Term Plan IDCW Daily
JM Liquid Fund Direct Growth
JM Liquid Fund Direct IDCW Weekly
JM Liquid Fund Direct IDCW Quarterly
JM Liquid Fund Direct Bonus
JM Liquid Fund Direct IDCW Daily
JM G Sec Direct Plan Bonus
JM G Sec Direct Plan IDCW Quarterly
JM G Sec Direct Plan Growth
JM Income Fund Direct Bonus
JM Income Fund Direct Growth
JM Income Fund Direct IDCW Quarterly
JM Dynamic Debt Fund Direct IDCW Daily
JM Dynamic Debt Fund Direct IDCW Weekly
JM Dynamic Debt Fund Direct IDCW Quarterly
JM Dynamic Debt Fund Direct Growth
JM Ultra Short Duration Fund Direct Plan IDCW Daily
JM Ultra Short Duration Fund Direct Plan IDCW Weekly
JM Ultra Short Duration Fund Direct Plan IDCW Fortnightly
JM Ultra Short Duration Fund Direct Plan Growth
JM Short Term Plan Direct IDCW Daily
JM Short Term Plan Direct IDCW Fortnightly
JM Short Term Plan Direct Growth
JM Dynamic Debt Fund Direct Bonus
JM Ultra Short Duration Fund Direct Plan Bonus
JM Ultra Short Duration Fund Regular Plan Bonus
JM Dynamic Debt Fund Bonus
JM Dynamic Debt Fund Direct Half Yearly Bonus
JM Dynamic Debt Fund Half Yearly Bonus
JM Dynamic Debt Fund IDCW Monthly
JM Dynamic Debt Fund Direct IDCW Monthly
JM G Sec Fund IDCW Yearly
JM G Sec Fund IDCW Monthly
JM G Sec Direct Plan IDCW Half Yearly
JM G Sec Direct Plan IDCW Yearly
JM G Sec Fund IDCW Half Yearly
JM G Sec Direct Plan IDCW Monthly
JM Liquid Fund Unclaimed Redemption
JM Liquid Fund Unclaimed IDCW
JM Money Market Fund Direct Plan Growth
JM Money Market Fund Growth
JM Low Duration Fund IDCW Daily
JM Low Duration Fund Direct Plan IDCW Daily
JM Low Duration Fund IDCW Fortnightly
JM Low Duration Fund Direct Plan IDCW Fortnightly
JM Low Duration Fund Growth
JM Low Duration Fund IDCW Weekly
JM Low Duration Fund Direct Plan Growth
JM Overnight Fund Direct Growth
Fund house & investment objective
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JM Financial Mutual Fund
Rank (total assets)#32 in India
Total AUM2,170.00 Cr
Date of Incorporation15 Sep 1994
JM Liquid Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 15 
JM Liquid Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 15 Sep 1994. Shalini Tibrewala is the Current Fund Manager of JM Liquid Fund Direct IDCW Daily fund. The fund currently has an Asset Under Management(AUM) of ₹2,170 Cr and the Latest NAV as of 20 Oct 2021 is ₹10.43.
The JM Liquid Fund Direct IDCW Daily is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. 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....Read more
Investment Objective
The scheme seeks to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in Debt and money market secu
The scheme seeks to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in Debt and money market securities with maturity of upto 91 days only.
...Read more
Fund benchmarkCRISIL Liquid Fund Index
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Office B, 8th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Mumbai 400 051
Phone
022-61987777
Launch Date
15 Sep 1994
E-mail
[email protected]
Website
NA
JM Financial Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	3.3%	5.0%	5.8%	7.1%
Category average	3.1%	5.1%	5.8%	NA
Rank with in category	13	24	19	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	10.1%
Reserve Bank of India	Financial	T-Bills	5.9%
REC Ltd.	Financial	Debenture	5.1%
Indian Oil Corporation Ltd.	Energy	CP	5.1%
Housing Development Finance Corpn. Ltd.	Financial	CP	5.1%
Nabha Power Ltd.	Engineering	CP	5.1%
Bharti Airtel Ltd.	Communication	CP	5.1%
Reliance Retail Ventures Ltd.	Services	CP	5.1%
ICICI Securities Ltd.	Financial	CP	5.1%
Cholamandalam Investment & Finance Company Ltd.	Financial	CP	5.1%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	2
Fund size	₹980.32 Cr