INF192K01LT2

JM Overnight Fund Direct Growth

Low Risk Overnight Money Market

NAV (Mon Sep 09 2024)

₹1,251

Returns (Since Inception)

5.66%

Category Average

0.00%

Rating

NA

Allocation and Holdings

Asset class

Weightage

Unknown

100.00%

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Overall rating

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Scheme Information

Fund name

JM Overnight Fund Direct Growth


Minimum SIP

100


Risk Level

Low Risk


AUM

₹221.29 Cr


ISIN

INF192K01LT2


Inception Date

Dec 03 2019


Standard Deviation

0.391


Beta

-


Sharpe Ratio

-7.163


Benchmark

CRISIL Overnight Index TR INR


Expense Ratio

0.080%


Exit Load

Nil

Risk

Low Risk

Investment Objective

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. Investors are required to read all the scheme related information set out in this document carefully and also note that there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/ indicate any returns.

Fund Managers

Shalini Tibrewala

Naghma Khoja

About the AMC

JM Financial Asset Management Limited


Phone Number

+91 22 61987777

Email Address

investor@jmfl.com

Corporate Office Address

JM Financial Asset Management Private Limited,502, 5th Floor, A - Wing,,Laxmi Towers, Bandra-Kurla Complex,,Bandra-East

Overall AUM

₹221.29 Cr


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frequently asked questions

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What is the current NAV of JM Overnight Fund Direct Growth?

The NAV of JM Overnight Fund Direct Growth is ₹1,251 as of Mon Sep 09 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

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Who is the fund manager of JM Overnight Fund Direct Growth?

Shalini Tibrewala is the current fund manager of JM Overnight Fund Direct Growth as on Tue Sep 10 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

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What is the expense ratio of JM Overnight Fund Direct Growth?

The Expense Ratio of JM Overnight Fund Direct Growth is 8.00% as of Tue Sep 10 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 8.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

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What is the minimum SIP amount of JM Overnight Fund Direct Growth?

The minimum Systematic Investment Plan (SIP) amount required for JM Overnight Fund Direct Growth is ₹100. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

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What is the minimum lump sum amount required to invest in JM Overnight Fund Direct Growth?

To initiate a lump sum investment in JM Overnight Fund Direct Growth, a minimum initial amount of ₹1,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

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What is risk category of the JM Overnight Fund Direct Growth?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of JM Overnight Fund Direct Growth is classified as Low Risk.

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What is the category of JM Overnight Fund Direct Growth?

The category of the JM Overnight Fund Direct Growth is Money Market.

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