JM Dynamic Term Fund

Direct Plan · IDCW Option · Mutual fund · Scheme code 120434

NAV₹46.6762as on 25 Sep 2026

Fund houseJM Financial Mutual Fund

CategoryMutual fund

Plan & optionDirect · IDCW Option

History13.7 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	-0.31	0.84	1.95	3.95	6.75	5.99	6.08	6.62	7.33

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall	R²
This scheme	1.3%	0.19	0.35	—	—	-3.0%	—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

Drawdown from peak (%)

Every one-year period it has lived through

Windows	Worst	Median	Best	Periods that lost money
613	1.5%	7.9%	11.8%	0%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

JM Dynamic Term Fund

Direct Plan · IDCW Option

Allocation

By asset

Debt	95.15%
Cash & Equivalents	4.52%
AIF Units	0.33%

By market cap

Concentration

Number of stocks	15
Top 5 stocks	48.99%
Top 10 stocks	80.30%
Top 20 stocks	95.48%
Lines in the filing	17

Largest holding	13.28%
Largest sector	CRISIL AAA 34.71%
Effective stocks	12.9
Sectors held	7
Cash	4.52%

Effective stocks is what the concentration works out to: a fund holding 15 names but most of its money in a few behaves like a fund of 13. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

CRISIL AAA	34.71%
SOVEREIGN	30.95%
CRISIL A1+	10.00%
CARE AAA	7.55%
CARE A1+	7.23%
CRISIL AA+	4.71%
Cash & Equivalents	4.52%
Unclassified	0.33%

JM Dynamic Term Fund

Direct Plan · IDCW Option · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	6.94% GOI 11-May-2036	SOVEREIGN	700,000	7	13.28%
2	6.36% GOI 16-Feb-2031	SOVEREIGN	650,000	6	12.19%
3	7.5% REC Limited 28-FEB-2030	CRISIL AAA	450,000	5	8.52%
4	7.48% NABARD 15-SEP-2028	CRISIL AAA	400,000	4	7.53%
5	7.04% SIDBI 09-FEB-2029	CRISIL AAA	400,000	4	7.46%
6	Punjab National Bank 04-MAR-2027	CARE A1+	400,000	4	7.24%
7	HDFC Bank Limited 05-MAR-2027	CRISIL A1+	400,000	4	7.23%
8	7.9% Bajaj Finance Limited 13-APR-2028	CRISIL AAA	300,000	3	5.66%
9	7.9% Mahindra & Mahindra Financial Serv Ltd. 21-FEB-2028	CARE AAA	300,000	3	5.66%
10	7.08% Bajaj Housing Finance Ltd 12-JUN-2030	CRISIL AAA	300,000	3	5.54%
11	6.68% GOI 07-Jul-2040	SOVEREIGN	300,000	3	5.48%
12	8.6% Muthoot Finance Limited 02-MAR-2028	CRISIL AA+	250,000	3	4.71%
13	Canara Bank 11-NOV-2026	CRISIL A1+	150,000	1	2.77%
14	Net Receivable/Payable	Unclassified	—	1	2.58%
15	CCIL	Unclassified	1,028	1	1.93%
16	8.12% L&T Finance Limited 29-JUN-2029	CARE AAA	100,000	1	1.89%
17	Corporate Debt Market Development Fund - Class A2 Units	Unclassified	147	0	0.33%

JM Dynamic Term Fund

Direct Plan · IDCW Option · where the money sits

What the manager did last month

Between the filings of 30 Jun 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

Bought	Sold	New positions	Sold out of	Price move of holdings
₹4 cr	₹1 cr	1	2	-0.21%

Stock	Shares traded	Shares	Price	Value ₹ cr
New position
6.68% GOI 07-Jul-2040	300,000	entered	—	2.9
Added to
6.36% GOI 16-Feb-2031	400,000	+160.0%	-0.1%	4.0
Trimmed
CCIL	915	-47.1%	0.0%	0.9
Sold out of
6.01% GOI 21-Jul-2030	400,000	exited	—	4.0
364 Days Treasury Bill 23-Oct-2026	250,000	exited	—	2.5

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

A ₹10,000 monthly SIP over five years

Invested	Value	Gain	XIRR
₹600,000	₹702,025	₹102,025	6.22%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 27 Sep 2026.