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JM Overnight Fund Direct Growth

Debt
Overnight
Low Risk
0.36%
1M return
+0.01% 1D
1M
6M
1Y
All
NAV: 01 Jul 2022₹1,091.33
Min. SIP amount₹500
Rating4
Fund size₹222.27Cr

Returns and rankings

Category: Debt Overnight
Absolute returns
3M6M1YAll
Fund returns1.0%1.8%3.5%9.1%
Category averageNANA3.0%NA
Rank with in category232212NA
Understand terms

Holdings (1)

NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills0.7%

Pros and cons

Category: Debt Overnight

Pros

Cons

1Y annualised returns higher than category average by 0.47%
Lower AUM: 222Cr. Funds with lower AUM tend to have higher expense ratio
Exit load is zero
Higher expense ratio: 0.07%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.07%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Shalini Tibrewala
Dec 2019 - Present
View details

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

Fund house & investment objective

Fund house contact details

Address
Office B-8th Floor-Cnergy,Appasaheb Marathe Marg,Prabhadevi, Mumbai 400025
Phone
022-33797777 / 1800-103-8345
Launch Date
15 Sep 1994
Website
NA
Amc Image
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,

Compare funds

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FAQs

How to Invest in JM Overnight Fund Direct Growth?

You can easily invest in JM Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for JM Overnight Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in JM Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does JM Overnight Fund Direct Growth provide?

The JM Overnight Fund Direct Growth has been there from 04 Dec 2019 and the average annual returns provided by this fund is 3.49% since its inception.

How much expense ratio is charged by JM Overnight Fund Direct Growth?

The term Expense Ratio used for JM Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of JM Overnight Fund Direct Growth is 0.07% as of 02 Jul 2022...

What is the AUM of JM Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of JM Overnight Fund Direct Growth is ₹222.27Cr as of 02 Jul 2022.

How to Redeem JM Overnight Fund Direct Growth?

If you want to sell your JM Overnight Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of JM Overnight Fund Direct Growth?

You can select either SIP or Lumpsum investment of JM Overnight Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of JM Overnight Fund Direct Growth?

The NAV of JM Overnight Fund Direct Growth is ₹1,091.33 as of 01 Jul 2022.

What is the PE and PB ratio of JM Overnight Fund Direct Growth?

The PE ratio ratio of JM Overnight Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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