JM Liquid Fund-Growth
(Scheme Rating)
NAV as of May 30, 2025
70.880.02%
- Growth - Regular
(Earn upto 0.10% Extra Returns with Direct Plan)
Fund Category:
Debt: Liquid
Expense Ratio:
0.26%(0.26% Category
average)Fund Size:
Rs. 2,680.18 Cr(0.34% of Investment in Category)
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JM Liquid Fund-Growth
(Scheme Rating)
NAV as of May 30, 2025
70.880.02%
Expense Ratio:
0.26%
Fund Size:
Rs. 2,680.18 Cr
Fund Category:
Debt: Liquid
1. Current NAV: The Current Net Asset Value of the JM Liquid Fund as of May 30, 2025 is Rs 70.88 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.14% (1yr), 6.81% (3yr), 5.41% (5yr) and 7.4% (since launch). Whereas, Category returns for the same time duration are: 6.97% (1yr), 6.73% (3yr) and 5.32% (5yr).
3. Fund Size: The JM Liquid Fund currently holds Assets under Management worth of Rs 2680.18 crore as on Apr 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.26% for Regular plan as on May 22, 2025.
5. Exit Load: JM Liquid Fund shall attract an Exit Load, "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."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
JM Liquid Fund-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.53 1.76 3.49 7.13 6.83 5.42 Category Avg 0.51 1.70 3.41 7.04 6.78 5.36 Rank within Category 25 28 28 28 25 21 No. of funds within Category 47 45 45 40 36 35 - Loading...
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Return Comparison
- This Fund
- BenchmarkAxis Liquid Reg-G
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JM Liquid Fund-Growth Fund Details
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 securities with maturity of upto 91 days only.
| Fund House | JM Financial Mutual Fund |
| Launch Date | Dec 31, 1997 |
| Benchmark | CRISIL Liquid Debt B-I Index |
| Return Since Launch | 7.4% |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | Below Average |
JM Liquid Fund-Growth Investment Details
| Minimum Investment (Rs.) | 1,000.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load 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. | |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 0.13 | 0.2092 | 0.0 | 0.1306 |
| Average Maturity(Yrs) | 0.14 | 0.2263 | 0.0027 | 0.1342 |
| Yield to Maturity(%) | 7.14 | 8.34 | 0.0819 | 7.1026 |
| Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 17.86 | 15.50 |
| Low Risk | 77.42 | 65.07 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 4.72 | 19.43 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | - | 2.44 |
| CD | 42.72 | 34.40 |
| T-Bills | 11.72 | 14.18 |
| CP | 32.59 | 33.86 |
| NCD & Bonds | 3.02 | 3.30 |
| PTC | - | - |
| Cash & Others | 9.99 | 11.82 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| NTPC Ltd | Commercial Paper | Energy | A1+ | 1,492.96 | 6.03 | 3,000 |
| Reserve Bank of India | Treasury Bills | Financial | SOV | 1,031.56 | 4.17 | - |
| ICICI Bank Ltd | Certificate of Deposit | Financial | A1+ | 987.24 | 3.99 | 2,000 |
| Tata Capital Ltd | Certificate of Deposit | Financial | A1+ | 745.57 | 3.01 | 1,500 |
| Kotak Mahindra Bank Ltd | Certificate of Deposit | Financial | A1+ | 737.36 | 2.98 | 1,500 |
| Canara Bank | Certificate of Deposit | Financial | A1+ | 497.66 | 2.01 | 1,000 |
| PNB Housing Finance Ltd | Commercial Paper | Financial | A1+ | 497.71 | 2.01 | 1,000 |
| Godrej Agrovet Ltd | Commercial Paper | Consumer Staples | A1+ | 497.62 | 2.01 | 1,000 |
| ICICI Securities Ltd | Commercial Paper | Financial | A1+ | 497.13 | 2.01 | 1,000 |
| 5.9% Kotak Mahindra Investments Ltd 03/12/2024 | Debenture | Financial | AAA | 498.43 | 2.01 | 500 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y JM Liquid Fund-Growth 70.86 2,680.18 0.53 7.13 6.82 5.42 Bank of India Liquid Fund Regular-Growth 2,990.76 1,881.53 0.55 7.31 6.97 5.50 Axis Liquid Fund Regular-Growth 2,891.74 39,069.41 0.54 7.27 6.95 5.50 Groww Liquid Fund Regular-Growth 2,511.74 142.44 0.54 7.28 6.78 5.31 DSP Liquidity Regular Plan-Growth 3,707.74 17,845.07 0.54 7.26 6.89 5.45
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.25VS0.26Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.50VS0.54Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.25VS0.91Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.62VS0.45Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
1.31VS1.33Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.55VS6.48Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
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Fund Manager
- K.P.Killol PandyaSince Nov 20244 schemes
- N.K.Naghma KhojaSince Oct 20215 schemes
- R.F.Ruchi FozdarSince Apr 202413 schemes
Mr. Pandya is a B.Com (H) from N.M College of Commerce, DPCM from ICFAI and MMS (Finance) from K.J. Somaiya Institute of Management Studies and Research. Prior to joining JM Financial Asset Management Limited he has worked with Barclays Securities India Private Ltd,Peerless Funds Management Co. Limited, LIC Nomura Mutual Fund AMC , Daiwa Asset Management (India) Pvt. Ltd., SBI Funds Management Pvt Ltd., IL&FS Investsmart Ltd. and Darashaw & Co. Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Dynamic Bond Fund-Growth Dynamic Bond 42.06 47.45 10.94 JM Low Duration Fund-Growth Low Duration 36.92 227.14 7.96 JM Short Duration Fund Regular - Growth Short Duration 12.05 121.03 9.02 JM Overnight Fund Regular - Growth Overnight 1,303.07 98.82 6.34 She is B.Com, CA and CFA Before joining JM Financial AMC, she was associated with Karvy Capital Limited.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Low Duration Fund-Growth Low Duration 36.92 227.14 7.96 JM Dynamic Bond Fund-Growth Dynamic Bond 42.06 47.45 10.94 JM Short Duration Fund Regular - Growth Short Duration 12.05 121.03 9.02 JM Medium to Long Duration Fund-Growth Medium to Long Duration 62.61 22.85 10.42 JM Overnight Fund Regular - Growth Overnight 1,303.07 98.82 6.34 Ms. Ruchi is a graduate in science and PGDBM in finance Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Flexicap Fund-Growth Flexi Cap 96.65 5,625.21 1.97 JM Large Cap Fund-Growth Large Cap 149.61 506.63 -0.83 JM Value Fund-Growth Value Oriented 97.94 1,036.42 3.54 JM Focused Fund-Growth Flexi Cap 19.28 259.69 2.34 JM ELSS Tax Saver Fund-Growth ELSS 46.94 189.03 5.84 JM Dynamic Bond Fund-Growth Dynamic Bond 42.06 47.45 10.94 JM Low Duration Fund-Growth Low Duration 36.92 227.14 7.96 JM Arbitrage Fund-Growth Arbitrage 32.43 194.42 6.49 JM Medium to Long Duration Fund-Growth Medium to Long Duration 62.61 22.85 10.42 JM Overnight Fund Regular - Growth Overnight 1,303.07 98.82 6.34 JM Short Duration Fund Regular - Growth Short Duration 12.05 121.03 9.02 JM Midcap Fund Regular - Growth Mid Cap 18.67 Unrated 1,317.42 4.17 JM Small Cap Fund Regular - Growth Small Cap 9.90 Unrated 631.10 -
More JM Financial Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| JM Flexicap Fund-Growth | 5,625.21 | 3.60 | 6.35 | -2.92 | 2.03 | 28.10 | |
| JM Liquid Fund-Growth | 2,680.18 | 0.50 | 1.72 | 3.49 | 7.14 | 6.80 | |
| JM Midcap Fund Regular - Growth | 1,317.42 | 5.26 | 9.29 | -0.61 | 3.03 | - | |
| JM Value Fund-Growth | 1,036.42 | 5.75 | 8.95 | -1.76 | 1.64 | 28.69 | |
| JM Aggressive Hybrid Fund-Growth | 801.98 | 1.90 | 5.40 | -3.00 | 1.54 | 23.87 | |
| JM Small Cap Fund Regular - Growth | 631.10 | 4.23 | 9.97 | -3.63 | - | - | |
| JM Large Cap Fund-Growth | 506.63 | 3.47 | 6.91 | -1.68 | -0.06 | 19.20 | |
| JM Focused Fund-Growth | 259.69 | 3.04 | 7.91 | -2.30 | 0.36 | 22.94 | |
| JM Low Duration Fund-Growth | 227.14 | 0.76 | 2.42 | 4.13 | 7.96 | 6.80 | |
| JM Arbitrage Fund-Growth | 194.42 | 0.36 | 1.47 | 3.01 | 6.54 | 6.28 |
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1. JM Liquid Fund is Open-ended Liquid Debt scheme which belongs to JM Financial Mutual Fund House.
2. The fund was launched on Dec 31, 1997.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against CRISIL Liquid Debt B-I Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of JM Liquid Fund is 0.14 years and Duration is 0.1335 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on JM Liquid Fund-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
- JM Liquid Fund-Daily IDCW
- JM Liquid Fund - Unclaimed Brokerage IEF
- JM Liquid Fund - Unclaimed Application Refund Amount IEF
- JM Liquid Fund-IDCW Weekly
- JM Liquid Fund-Growth
- JM Liquid Fund-Bonus
- JM Liquid Fund-IDCW Quarterly
- JM Liquid Fund Direct-Growth
- JM Liquid Fund Direct-IDCW Daily
- JM Liquid Fund Direct-IDCW Quarterly
- JM Liquid Fund Direct-IDCW Weekly
- JM Liquid Fund Super Institutional Plan-Growth
FAQs about JM Liquid Fund-Growth
- Is it safe to invest in JM Liquid Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the JM Liquid Fund comes under Low to Moderate risk category.
- What is the category of JM Liquid Fund?JM Liquid Fund belongs to the Debt : Liquid category of funds.
- How Long should I Invest in JM Liquid Fund?The suggested investment horizon of investing into JM Liquid Fund is <3 month. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the JM Liquid Fund?The JM Liquid Fund is managed by Killol Pandya (Since Nov 05, 2024) , Naghma Khoja (Since Oct 21, 2021) and Ruchi Fozdar (Since Apr 04, 2024).
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