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Best JM Financial Equity Mutual Funds

Incorporated in June 1994 and registered under the Companies Act 1956, JM Financial Asset Management Ltd is a part of JM Financial Group. JM Financial Ltd sponsors this organisation. As of March 2021, the quarterly average assets under management of this AMC have valued at Rs.2383.38 crore.

The AMC currently offers more than 10 mutual fund schemes spread across debt, equity and hybrid categories. This includes the best JM Financial equity mutual funds.

An equity fund or a growth fund is a particular class of MF, which invests a majority of its corpus in equity shares of organisations. The stocks and shares in which these funds invest are anticipated to perform well based on detailed market analysis and research. Equity mutual funds can be primarily classified into active and passive funds. Besides these, they can also be categorised into other classes as well.

For instance, the best JM Financial equity funds can be classified as diversified or thematic/sectoral. A diversified equity fund makes investment in stocks spread across the whole market. On the other hand, a thematic or sectoral fund keeps its investments restricted to a specific theme or sector such as infrastructure or infotech. 

Furthermore, the categorisation can also be based on market capitalisation, which is the product of a company’s total outstanding shares and market price/share. In terms of market capitalisation, these funds can be segregated as mid-cap, large-cap, micro or small-cap, and multi-cap funds. 

Moreover, these MFs can be either value-based or growth-based, which defines how the stocks would get picked. The investments done are based on a scheme’s investment objective. This implies that thematic equity schemes would make investments in equities around a specific theme, large-cap schemes won’t make investments in small-cap firms, etc. 

An investor can make an investment in the best JM Financial equity mutual fund through a lump sum or SIP. Thereafter, the money gets invested into different equity stocks on behalf of the investor. Such resulting gains and losses collected in the portfolio impact the Net Asset Value (NAV) of the investor’s fund. A minimum of 65% of the corpus is invested in company stocks, while the remaining 35% can be invested in money-market or debt securities.

This AMC offers more than 5 schemes under its equity mutual fund portfolio.

Taxability

It is imperative to be aware of the above details related to the top JM Financial equity mutual funds to make a fruitful choice. At the same time, investors must also keep in mind the taxability involved in these funds.

Short-term Capital Gains Tax: An investor earns short-term capital gains or STCG on redeeming the equity fund units within a 12-month holding period. These capital gains attract an STCG tax at a 15 % rate irrespective of the income tax category of an investor.

Long-term Capital Gains Tax: If an investor redeems their equity fund units after a holding period of 12 months or more, they will earn LTCG or long-term capital gains. These capital gains are exempt from taxation if they amount to Rs.1 lakh or below in a financial year. However, if gains exceed this limit, LTCG tax at 10% would be levied on the excess sum without indexation benefits.

TDS: Investors must note that if their dividend income is within Rs. 5000 for a given financial year, as per section 194K, TDS at 10% will be levied.

Along with the taxability section, investors must also be familiar with the following parameters associated with the best JM Financial equity mutual funds.

Factors to Consider Before Investing

Risk appetite: An investor’s risk tolerance is a highly subjective issue. The psychological characteristics and financial situation of the investor are considered for determining this. Investors must note that a substantial amount of risk is involved with equity mutual funds. Therefore in order to select an ideal scheme from the best JM Financial equity mutual funds 2021, an investor must check his or her risk appetite. 

Experience of fund manager: Most experienced investors invest a considerable amount of time evaluating a fund manager. They emphasise the manager’s expertise and check out certain traits like experience level, capability to identify scripts compared to peers, etc. This is because the performance of the best JM Financial equity mutual fund greatly depends on a fund manager's competence. 

Expense ratio: Investors are charged with a certain amount of fee for managing a portfolio. The expense ratio includes fees for record-keeping and the fund manager’s salary, among other costs. 

Direct or regular plan: JM equity mutual funds come in two variants – direct and regular plans. JM Mutual Fund offers the former directly to investors, not involving any intermediary. The latter involves intermediaries like brokers and distributors. Therefore, a regular plan’s expense ratio is often higher than its direct counterpart. Resultantly, direct plans report a higher NAV. A prospective investor may want to consider this factor beforehand to make an informed choice. 

An individual venturing into the investment domain for the first time might find it daunting to select a suitable scheme among the best JM Financial equity mutual funds. However, an elementary knowledge about mutual funds and treating this article as a guide would enable them to sail through conveniently.

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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 High24.1%1₹46
JM Dynamic Debt FundDebtLow to Moderate3.7%3₹73
JM Flexicap FundEquityVery High40.0%3₹189
JM Tax Gain FundEquityVery High39.2%4₹66
JM Value FundEquityVery High41.1%3₹162
JM Large Cap FundEquityVery High27.8%4₹52
JM Arbitrage FundHybridLow3.3%1₹50
JM Equity Hybrid FundHybridVery High28.3%3₹10
JM Income FundDebtModerate3.3%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 5.72% 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 12.79% annualized returns in the past three years and 14.23% 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 Returns24.1%

JM Dynamic Debt Fund Direct Growth

Fund Performance: The JM Dynamic Debt Fund has given 6.37% annualized returns in the past three years and 7.01% 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 20.26% annualized returns in the past three years and 17.99% 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 Returns40.0%

JM Tax Gain Direct Plan Growth

Fund Performance: The JM Tax Gain Fund has given 21.95% annualized returns in the past three years and 19.68% 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 Returns39.2%

JM Value Fund Direct Plan Growth

Fund Performance: The JM Value Fund has given 19.97% annualized returns in the past three years and 17.19% 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 Returns41.1%

JM Large Cap Fund Direct Plan Growth

Fund Performance: The JM Large Cap Fund has given 15.63% annualized returns in the past three years and 13.98% 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 Returns27.8%

JM Arbitrage Fund Direct Growth

Fund Performance: The JM Arbitrage Fund has given 3.99% annualized returns in the past three years and 4.7% 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 14.71% annualized returns in the past three years and 12.92% 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 Returns28.3%

JM Income Fund Direct Growth

Fund Performance: The JM Income Fund has given 2.75% annualized returns in the past three years and 3.33% 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 Returns3.3%

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 5.1% annualized returns in the past three years and 5.72% 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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