|Min SIP Amount||N.A|
|NAV||₹1032.87 (30 Oct 2020)|
|Fund Started||02 Dec 2019|
|Fund Size||₹18 Cr|
|Reliance Industries Ltd.||Energy||CP||9.4%|
JM Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 02 Dec 2019. Shalini Tibrewala is the Current Fund Manager of JM Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹18 Cr and the Latest NAV as of 30 Oct 2020 is ₹1032.87.
The JM Overnight Fund Direct Growth is rated Low risk. Minimum Lumpsum Investment is 5000.
The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.