JM Financial Mutual Fund is one of the most successful mutual fund organisations in India which started its operations in 1993-1994. The asset management company of JM Financial Mutual Fund - JM Financial Asset Management Ltd. commenced its operations in December 1994 with the launch of three funds, namely, JM Equity Fund, JM Balanced Fund, and JM Liquid Fund. Currently, the fund house has 15 schemes of different fund types.
Types of Mutual Funds offered by JM Financial:
The different fund types offered by JM Financial are:
- Equity
- Arbitrage
- Debt
- Liquid
Equity schemes by JM Financial:
Given below are the various equity schemes offered by JM Financial:
- JM Equity Hybrid Fund
- Investment objective of JM Equity Hybrid Fund
- Who is JM Equity Hybrid Fund for?
- JM Value Fund
- Investment objective of JM Value Fund
- Who is JM Value Fund for?
- JM Core 11 Fund
- Investment objective of JM Core 11 Fund
- Who is JM Core 11 Fund for?
- JM Large Cap Fund
- Investment objective of JM Large Cap Fund
- Who is JM Large Cap Fund for?
- JM Tax Gain Fund
- Investment objective of JM Tax Gain Fund
- Who is JM Tax Gain Fund for?
- JM Multi Cap Fund
- Investment objective of JM Multi Cap Fund
- Who is JM Multi Cap Fund for?
| Fund Type | Open-ended hybrid scheme |
| Entry Load | Nil |
| Exit Load | If the units are redeemed or switched out within 60 days from the day of allotment/transfer of units, 1% of NAV will be charged |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive index |
| Fund Manager | Sanjay Chhabaria |
| Risk Factor | Moderately High |
The objective of the scheme is to provide a steady income to the individual as well as aid in growing capital on a long term basis.
Individuals who are looking to invest in equity related securities as well as fixed income securities, such as debt securities and money market securities, and wish to have a regular income on a long term basis can opt for this scheme.
| Fund Type | Open-ended equity scheme |
| Entry Load | Nil |
| Exit Load | If the units are redeemed or switched out within 60 days from the day of allotment/transfer of units, 1% of NAV will be charged |
| Benchmark | S&P BSE 200 |
| Fund Manager | Asit Bhandarkar |
| Risk Factor | High |
The objective of the scheme is to provide capital growth on a long term basis by making investments basically in well-diversified portfolios of undervalued securities.
Individuals who are looking for a regular income on a long term basis and are looking for capital appreciation can opt for this fund. The investments are mainly made in equity and equity related securities in sectors that are classified as basic industries in the Indian economy context.
| Fund Type | Open-ended equity scheme |
| Entry Load | Nil |
| Exit Load | If the units are redeemed or switched out within 60 days from the day of allotment/transfer of units, 1% of NAV will be charged |
| Benchmark | S&P BSE Sensex |
| Fund Manager | Asit Bhandarkar, Chaitanya Choksi |
| Risk Factor | High |
The objective of the fund is to invest in concentrated portfolios of equity and equity related securities of companies to provide capital growth on a long term basis.
Individuals who are looking to make investments in concentrated portfolios of equity and equity related securities to enjoy capital appreciation along with regular income on a long term basis can opt for this scheme.
| Fund Type | Open-ended equity scheme |
| Entry Load | Nil |
| Exit Load | If the units are redeemed or switched out within 60 days from the day of allotment/transfer of units, 1% of NAV will be charged |
| Benchmark | S&P BSE Sensex |
| Fund Manager | Asit Bhandarkar, Chaitanya Choksi |
| Risk Factor | Moderately high |
The objective of the JM Large Cap Fund is to provide capital appreciation along with capital growth.
Individuals who are looking to make investments in equity and equity related instruments to enjoy capital appreciation on a long term basis can opt for this scheme.
| Fund Type | Open-ended equity linked saving scheme |
| Entry Load | Nil |
| Exit Load | Nil, however, in case of STP, switch-out can be made only after the lock-in period is completed |
| Benchmark | S&P BSE 500 |
| Fund Manager | Sanjay Chhabaria, Chaitanya Choksi |
| Risk Factor | Moderately high |
The objective of the fund is to help investors grow capital in the long run as well as claim a deduction from their total income as per the Income Tax Act,1961, by making investments in diversified portfolios of equity and equity related instruments.
Individuals who wish to make investments mainly in equity and equity related securities to achieve capital appreciation on a long term basis and enjoy a tax deduction from their income according to the Income Tax Act, 1961, can opt for this scheme.
| Fund Type | Open-ended equity oriented fund |
| Entry Load | Nil |
| Exit Load | If the units are redeemed or switched out within 60 days from the day of allotment/transfer of units, 1% of NAV will be charged |
| Benchmark | S&P BSE 500 |
| Fund Manager | Sanjay Chhabaria |
| Risk Factor | Moderately high |
The objective of the fund is for individuals to make investments in equity and equity related instruments of market capitalisation so that they can enjoy capital appreciation of their assets.
Individuals who are looking to invest in equity and equity related securities of market capitalisation and wish to achieve capital appreciation, in the long run, can opt for this scheme.
Arbitrage schemes by JM Financial:
JM Financial offers one arbitrage fund type. Here are the details of the scheme:
- JM Arbitrage Fund
- Investment objective of JM Arbitrage Fund
- Who is JM Arbitrage Fund for?
| Fund Type | Open-ended scheme |
| Entry Load | Nil |
| Exit Load | If the units are redeemed or switched out within 30 days from the day of allotment/transfer of units, 0.5% of NAV will be charged |
| Benchmark | Nifty 50 Arbitrage Index |
| Fund Manager | Sanjay Chhabaria, Asit Bhandarkar, Chaitanya Choksi |
| Risk Factor | Moderately low |
The objective of the fund is to provide income to the investors through arbitrage resulting from differing prices in the cash market and derivatives market of similar assets. Also, income is generated from excess units in fixed income instruments.
Individuals who are looking to get regular income by investing in equity stocks over a medium time period can opt for this scheme.
Debt funds by JM Financial:
JM Financial offers the following debt fund types:
- JM Income Fund
- Investment objective of JM Income Fund
- Who is JM Income Fund for?
- JM G-Sec Fund
- Investment objective of JM G-Sec Fund
- Who is JM G-Sec Fund for?
- JM Dynamic Debt Fund
- Investment objective of JM Dynamic Debt Fund
- Who is JM Dynamic Debt Fund for?
- JM Low Duration Fund
- Investment objective of JM Low Duration Fund
- Who is JM Low Duration Fund for?
- JM Money Market Fund
- Investment objective of JM Money Market Fund
- Who is JM Money Market Fund for?
- JM Short Term Fund
- Investment objective of JM Short Term Fund
- Who is JM Short Term Fund for?
- JM Ultra Short Duration Fund
- Investment objective of JM Ultra Short Duration Fund
- Who is JM Ultra Short Duration Fund for?
| Fund Type | Open-ended medium term debt scheme |
| Entry Load | Nil |
| Exit Load | Nil |
| Benchmark | CRISIL Composite Bond Fund Index |
| Fund Manager | Vikas Agrawal |
| Risk Factor | Moderate |
The objective of the fund is to generate returns through debt instruments, debt related instruments and prevention of capital on a long term basis while maintaining a low risk strategy.
Individuals who are looking to make investments in money market and debt instruments to achieve capital appreciation and earn regular income over long terms and medium terms can opt for this scheme.
| Fund Type | Open-ended debt scheme |
| Entry Load | Nil |
| Exit Load | Nil |
| Benchmark | CRISIL Gilt Index |
| Fund Manager | Vikas Agrawal |
| Risk Factor | Moderate |
The objective of the fund is to provide safety to investors by making investments in securities released by the government.
Individuals who are looking to making investments in securities created by Central and State governments and wish to have a regular income over long and medium terms can opt for this scheme.
| Fund Type | Open-ended dynamic debt scheme |
| Entry Load | Nil |
| Exit Load | Nil |
| Benchmark | CRISIL Composite Bond Fund Index |
| Fund Manager | Shalini Tibrewala |
| Risk Factor | Moderately low |
The objective of the fund is to provide returns and liquidity to investors through debt and money market instruments.
Individuals who wish to make diversified investments in floating rate debt, fixed rate debt, and money market instruments to get regular income over medium and short terms can opt for this scheme.
| Fund Type | Open-ended low duration debt scheme |
| Entry Load | Nil |
| Exit Load | Nil |
| Benchmark | CRISIL Liquid Fund Index |
| Fund Manager | Vikas Agrawal |
| Risk Factor | Moderately low |
The objective of the fund is to achieve capital appreciation as well as provide long-term returns to the investor by using a low-risk strategy. Additionally, investments in debt and money market investments will help preserve capital.
Individuals who want regular income over short tenures by making investments in debt and money market securities can opt for this scheme.
| Fund Type | Open-ended debt scheme |
| Entry Load | Nil |
| Exit Load | Nil |
| Benchmark | CRISIL Liquid Fund Index |
| Fund Manager | Vikas Agrawal |
| Risk Factor | Moderately low |
The objective of the fund is to generate long-term returns and capital appreciation while maintaining a low risk strategy. Further, the fund allows preservation of capital by investing in money market securities.
Individuals who are seeking regular income over a short period of time by investing in debt and money market securities may opt for this scheme.
| Fund Type | Open-ended short-term debt scheme |
| Entry Load | Nil |
| Exit Load | If the units are redeemed or switched out within 30 days from the day of allotment/transfer of units, 0.25% of NAV will be charged |
| Benchmark | CRISIL Short Term Bond Fund Index |
| Fund Manager | Vikas Agrawal |
| Risk Factor | Moderate |
The objective of the fund is to provide regular returns and high liquidity, along with capital appreciation, to the investors by making investments in debt instruments and debt related securities apart from preservation of capital.
Individuals who wish to invest in debt instruments and money market securities and seek regular income over medium and short periods of time can opt for this scheme.
| Fund Type | Open-ended ultra-short term debt scheme |
| Entry Load | Nil |
| Exit Load | Nil |
| Benchmark | CRISIL Liquid Fund Index |
| Fund Manager | Vikas Agrawal |
| Risk Factor | Moderately low |
The objective of the fund is to provide long-term returns, achieve capital appreciation, and preserve capital by making investments in debt and money market securities, while following a low-risk strategy.
Individuals who wish to get a regular income for a short period of time by investing in debt and money market instruments can opt for this scheme.
Liquid funds by JM Financial:
JM Financial offers one liquid fund type. The details of the scheme are as follows:
- JM Liquid Fund
- Investment objective of JM Liquid Fund
- Who is JM Liquid Fund for?
| Fund Type | Open-ended liquid scheme |
| Entry Load | Nil |
| Exit Load | Nil |
| Benchmark | CRISIL Liquid Fund Index |
| Fund Manager | Shalini Tibrewala |
| Risk Factor | Low |
The objective of the fund is to make investments in debt and money market securities to provide income in the form of dividends and capital gains.
Individuals who are looking to invest for a period as short as 91 days in debt and money market instruments to get a regular income can opt for this scheme.
Save Tax by Investing in Tax Saving Mutual Fund by JM Financial
Certain tax-saving schemes provided by the company such as equity-linked savings schemes offer tax deductions to investors under the Income Tax Act, 1961. Pension schemes, too, offer tax benefits to investors.
Who is Eligible for JM Financial Mutual Fund?
The below-mentioned persons can avail mutual funds offered by JM Financial:
- Adults residing in India
- Parents or guardians of minor children
- Hindu Undivided Family (HUF)
- Companies, Public-sector undertakings (PSUs), corporate bodies, co-operative societies, one-person companies
- Scientific research organisations, industry research organisations
- Charitable trusts, religious trusts, private trusts
- Banks
- Non-resident Indians
- Foreign institutional investors
- Army, navy, paramilitary, and air force units
*The eligibility of a few of the above-mentioned entities is subject to certain approvals and registration requirements.
Documents Required for Investing in JM Financial Mutual Fund
It is essential for clients to ensure that the KYC process has been carried out to invest in mutual funds. Clients can make investments only after completion of the KYC process. New customers can apply for KYC by submitting the following documents:
- Proof of identity
- Proof of address
- PAN
In order to subscribe to the funds offered by JM Financial, the following documents need to be submitted:
- Scheme application
- Auto-debit registration form
- Copy of KYC acknowledgement
- Copy of PAN
- Cheque/DD for the initial investment
- Copy of cancelled cheque
How to Invest in JM Financial Mutual Fund Online
JM Financial Mutual Fund investors are offered convenient online transaction options to purchase additional units, switch units, or redeem units. To invest online, customers have to click on ‘Transact Online’ found on the top right-hand side of the official website of JM official. On clicking the link, the user will be redirected to a page that offers two link options. Individuals can use Karvy Computershare to login and make transactions. In case one has not signed up, he/she can do so on the website. Alternatively, individuals can download the KTRACK mobile application to make transactions through the mobile.
Why Choose JM Financial Mutual Fund
Being established in the year 1993, the company has 25 years of experience in the mutual funds industry. The company offers an array of products that prospective investors as well as existing clients can invest in based on their financial stability, financial needs, and risk appetite. The company has many experienced Fund Managers. Further, the company provides the ease of investing by providing secure computer-based and mobile-based platforms to carry out the transactions.
FAQs
- How can I switch schemes?
- How long will it take to transfer units after the purchase of stocks, in the case of a close-ended scheme?
- In case the mutual fund is wound up, how much money will I receive?
- What is entry load and exit load in mutual funds?
- What is Systematic Withdrawal Plan (SWP)?
- What is Net Asset Value (NAV)?
- How can I learn about the performance of a mutual fund?
- How do I contact JM Financial?
You have to fill in the switch-over form that will be provided to you along with the statement of account. Additionally, you will have to fill in the application for the new scheme you wish to switch to. The relevant documents need to be submitted to the registrar or nearest Investor Service Centre.
The transfer of units is required to be done 30 days from the date of lodging certificates with the mutual fund, according to the regulations by SEBI.
The sum provided to the investor when a fund is wound up depends on the prevailing NAV.
The premium charges levied on the NAV when a person enters a scheme is called the entry load. The discount provided to the person on exiting the scheme is known as the exit load.
This mutual fund investment type allows the investor to receive a certain predetermined sum of money every month. On creation of the SWP, the company provides post-dated cheques for a specific amount to the customers.
The Net Asset Value (NAV) indicates the performance of a particular mutual fund. The NAV is basically the market value of the total number of schemes held by a particular scheme. Since market values of instruments change on a regular basis, the NAV also changes. NAV is calculated as the total market value of all securities of a particular scheme by the number of units for the same scheme.
The NAV of a scheme tells an investor about the performance of the fund. The NAV reports are published on the official website as well as newspapers.
You can call the toll-free number 1800 1038 345 or drop a mail to investor@jmfl.com.
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GST rate of 18% applicable for all financial services effective July 1, 2017.
