JM Overnight Fund Unclaimed Redemption Direct Growth
Debt
Direct
Overnight
NAV as on 05-09-2024
₹ 1250.29
Inception Returns
6%
/yr
About the Fund
JM Overnight Fund Unclaimed Redemption Direct Growth is a debt fund. This fund was started on 24 January, 2022. The fund is managed by . This fund is suitable to keep your money safe.
Key Parameters
- JM Overnight Fund Unclaimed Redemption Direct Growth has ₹221 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
JM Overnight Fund Unclaimed Redemption Direct Growth has given a CAGR return of 5.98% since inception. Over the last 1 year the fund has given a CAGR return of 6.75%.
Holdings
JM Overnight Fund Unclaimed Redemption Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are
Taxation
As it is a overnight mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of JM Overnight Fund Unclaimed Redemption Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. JM Overnight Fund Unclaimed Redemption Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.15% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹221 Cr |
| Inception Date | 24 January, 2022 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 202.03% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
| Risk |   Low Risk |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 153.7 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
JM Overnight Fund Unclaimed Redemption Direct Growth Highlights
Low Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.15%
Frequently Asked Questions
JM Overnight Fund Unclaimed Redemption Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.29% | 3.29% |
1 Year Returns | 6.75% | 6.75% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.