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Best JM Financial Debt Mutual Funds

JM Financial Mutual Fund, one of the first private sector mutual funds in India, commenced its operations in 1994. As of 31st March 2021, they have managed a corpus worth Rs. 2389.0753 crore.

Including the best JM Financial debt mutual funds, this AMC offers more than 10 mutual fund schemes. 

Debt mutual funds invest in securities that generate fixed income. Money market instruments like government securities, corporate bonds, treasury bills etc., constitute a debt MF portfolio. These instruments gain or lose value premised upon the interest they offer. 

Usually, a change in interest rate inversely impacts the value of debt security, which, in turn, influences the respective scheme’s NAV. For instance, if interest rates increase, the value of previously issued bonds will dip because of a higher demand for new securities. Conversely, previously issued bonds become more valuable when interest rates decline as investors prefer those over newly issued bonds. It’s an essential consideration to select the best JM Financial debt mutual fund. 

However, returns on a debt fund remain independent of market fluctuations. Therefore, investing in these funds pose a lower risk than equity mutual funds. However, debt funds are known to generate lower returns compared to their equity counterparts. 

Debt MF’s advantages and disadvantages largely vary based on the type of fund an investor chooses. There are around 8 debt fund categories based on the duration and investment objective. These include overnight funds, liquid funds, low duration funds, medium duration funds, credit risk funds, etc. 

Additionally, the best JM Financial debt mutual funds 2021 include more than 5 schemes catering to various needs of an investor. 

Taxability

However, it is vital to know about the taxability of the best JM Financial debt mutual funds before investing.

Short-term Capital Gains Tax: You can sell your mutual fund units before the 3-year mark from the date of investment. In such a scenario, the gains will be taxed as per your income tax slab. For example, if you fall into the 5% slab, you will need to pay 5% + 4% cess as STCG tax.

Long-term Capital Gains Tax: LTCG tax is the tax levied on returns realised after 3 years of investment. A 20% tax with indexation benefits is applicable on the gains on redeeming the top JM Financial debt mutual funds. The tax will be 10% without indexation and 20% with indexation. Such benefits accrued will be valid as long as the investor stays invested in a debt MF scheme. 

TDS: Tax Deducted at Source is not applicable on a debt mutual fund.

Factors to Consider Before Investing

Knowing about taxability will help an individual make effective decisions regarding fund investment and liquidation. However, one should also consider certain factors before going for an appropriate debt mutual fund.

Objectives of investment: Evaluating goals before investing is crucial as it enables you to check whether the fund’s objectives align with yours. This will help you in choosing the best JM Financial debt mutual fund and achieving your planned financial goals conveniently. 

Risk assessment: Before investing in mutual funds, you must weigh the risk factors and your capacity to bear that. Although debt funds are less risky, they are vulnerable to inflation, interest rate, and credit risks. Therefore, it is imperative to assess your risk-taking capacity before choosing the best JM Financial mutual funds. 

Performance of funds: It is crucial to observe the past performance of a fund before investing in it. Reviewing the fund’s performance provides clarity on how it handled money over a prolonged period under different market conditions. However, its previous performance is not a definite indicator of the returns it will generate going forward. 

Expense ratio: A certain portion of a fund’s asset is used for administrative and operating expenses, denoted as the expense ratio. It is important to note this value before opting for a debt MF scheme, as it has a direct influence on your returns. For example, suppose a scheme features 2% expense ratio. If it returns 9% at any point in time and you decide to redeem your investment, your actual gains will be 7%. 

Fund manager’s experience: It’s essential to check the respective fund manager’s experience before deciding to invest in a specific scheme. Their track record can be an indicator of how they efficiently manoeuvre through market ups and downs to meet scheme objectives and safeguard investments.  

Holding analysis: A holding analysis offers clarity on where the resources are invested. It will also enable you to estimate the level of returns and account for the losses in particular market conditions. 

Exit load: Exit load refers to a certain penalty charged by an AMC. An investor may need to incur this fee while exiting a scheme within the lock-in period. However, not all mutual funds levy an exit charge. Therefore, it is necessary to consider this aspect while selecting the best JM Financial debt mutual funds.

With the above points in consideration, one can effortlessly opt for the best JM Financial mutual fund. Although the selection process might seem difficult, understanding the mutual fund basics and market trends can make it comparatively easier.

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Top 10 Jm Financial Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
JM Liquid FundDebtModerate3.4%2₹971
JM Core 11 FundEquityVery High23.5%1₹46
JM Dynamic Debt FundDebtLow to Moderate3.7%3₹73
JM Flexicap FundEquityVery High38.6%3₹189
JM Tax Gain FundEquityVery High38.8%4₹66
JM Value FundEquityVery High40.0%3₹162
JM Large Cap FundEquityVery High27.3%4₹52
JM Arbitrage FundHybridLow3.3%1₹50
JM Equity Hybrid FundHybridVery High27.5%3₹10
JM Income FundDebtModerate3.4%2₹25
JM Short Term Plan FundDebtModerate4.5%2₹30
JM Money Market FundDebtModerately Low4.2%1₹24
JM Overnight FundDebtLow3.2%4₹68
JM Low Duration FundDebtLow to Moderate3.4%3₹136
JM Monthly Income Plan FundHybridModerate8.5%1₹5
View All Top 10 Jm Financial Mutual Funds

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

JM Liquid Fund Direct Growth

Fund Performance: The JM Liquid Fund has given 4.81% annualized returns in the past three years and 5.73% in the last 5 years. The JM Liquid Fund belongs to the Debt category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Liquid Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹971Cr
1Y Returns3.4%

JM Core 11 Direct Plan Growth

Fund Performance: The JM Core 11 Fund has given 12.74% annualized returns in the past three years and 13.88% in the last 5 years. The JM Core 11 Fund belongs to the Equity category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Core 11 Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹46Cr
1Y Returns23.5%

JM Dynamic Debt Fund Direct Growth

Fund Performance: The JM Dynamic Debt Fund has given 6.38% annualized returns in the past three years and 7.02% in the last 5 years. The JM Dynamic Debt Fund belongs to the Debt category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Dynamic Debt Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹73Cr
1Y Returns3.7%

JM Flexicap Fund Direct Plan Growth

Fund Performance: The JM Flexicap Fund has given 19.96% annualized returns in the past three years and 17.91% in the last 5 years. The JM Flexicap Fund belongs to the Equity category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Flexicap Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹189Cr
1Y Returns38.6%

JM Tax Gain Direct Plan Growth

Fund Performance: The JM Tax Gain Fund has given 21.83% annualized returns in the past three years and 19.7% in the last 5 years. The JM Tax Gain Fund belongs to the Equity category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Tax Gain Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹66Cr
1Y Returns38.8%

JM Value Fund Direct Plan Growth

Fund Performance: The JM Value Fund has given 19.77% annualized returns in the past three years and 16.84% in the last 5 years. The JM Value Fund belongs to the Equity category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Value Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹162Cr
1Y Returns40.0%

JM Large Cap Fund Direct Plan Growth

Fund Performance: The JM Large Cap Fund has given 15.26% annualized returns in the past three years and 13.9% in the last 5 years. The JM Large Cap Fund belongs to the Equity category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹52Cr
1Y Returns27.3%

JM Arbitrage Fund Direct Growth

Fund Performance: The JM Arbitrage Fund has given 4% annualized returns in the past three years and 4.72% in the last 5 years. The JM Arbitrage Fund belongs to the Hybrid category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Arbitrage Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹50Cr
1Y Returns3.3%

JM Equity Hybrid Fund Direct Growth

Fund Performance: The JM Equity Hybrid Fund has given 14.39% annualized returns in the past three years and 12.81% in the last 5 years. The JM Equity Hybrid Fund belongs to the Hybrid category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Equity Hybrid Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹10Cr
1Y Returns27.5%

JM Income Fund Direct Growth

Fund Performance: The JM Income Fund has given 2.79% annualized returns in the past three years and 3.38% in the last 5 years. The JM Income Fund belongs to the Debt category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Income Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹25Cr
1Y Returns3.4%

JM Short Term Plan Direct Growth

Fund Performance: The JM Short Term Plan Fund has given 3.67% annualized returns in the past three years and 5.61% in the last 5 years. The JM Short Term Plan Fund belongs to the Debt category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Short Term Plan Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹30Cr
1Y Returns4.5%

JM Money Market Fund Direct Plan Growth

Fund Performance: The JM Money Market Fund has given 6% annualized returns in the past three years and 6.64% in the last 5 years. The JM Money Market Fund belongs to the Debt category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Money Market Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹24Cr
1Y Returns4.2%

JM Overnight Fund Direct Growth

Fund Performance: The JM Overnight Fund belongs to the Debt category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Overnight Fund via lump sum is ₹5,000 and via SIP is NA.

Min Investment Amt₹5,000
AUM₹68Cr
1Y Returns3.2%

JM Low Duration Fund Direct Plan Growth

Fund Performance: The JM Low Duration Fund has given 5.11% annualized returns in the past three years and 5.73% in the last 5 years. The JM Low Duration Fund belongs to the Debt category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Low Duration Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹136Cr
1Y Returns3.4%

JM Monthly Income Plan Direct Growth

Fund Performance: The JM Monthly Income Plan Fund has given 11.1% annualized returns in the past three years and null% in the last 5 years. The JM Monthly Income Plan Fund belongs to the Hybrid category of JM Financial Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹5Cr
1Y Returns8.5%

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