JM Short Term Fund-closed
All plans and options of JM Short Term Fund-closed
| Scheme (as filed with AMFI) | Plan | Option | NAV | AMFI code |
|---|---|---|---|---|
| JM Short Term Fund-closed — Regular Plan — | Regular | ₹14.6036 25 Sep 2020 | 120469 | |
| JM Short Term Fund-closed — Regular Plan — | Regular | ₹10.6757 25 Sep 2020 | 120470 | |
| JM Short Term Fund-closed — Regular Plan — | Regular | ₹26.9629 25 Sep 2020 | 120471 |
This scheme has not published a NAV since 25 Sep 2020 — 6.1 years ago. It has most likely matured, merged or been wound up, so every figure below is a record of what it did up to that date, not a current price. Do not read it as a fund you can buy today.
Fund basics
Everything the NAV says
Computed from 1,866 published NAVs between 2 Jan 2013 and 25 Sep 2020 — 7.7 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| JM Short Term Fund-closed Regular | 0.66 | 3.55 | 6.43 | 4.42 | 3.68 | 5.68 | 5.21 | — | 4.96 |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is a low-cost index fund that tracks the index, which runs a little below it after the fund's own costs, measured to 25 Sep 2020. The category row is the median Regular plan in Income/Debt Oriented Schemes - Short Term Fund — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 25 Sep 2020.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| JM Short Term Fund-closed Regular | 4.22 | -0.67 | -0.74 | — | — | -7.61 |
Risk-free rate 6.5%. The benchmark row is a low-cost index fund tracking the index. Beta and alpha need the index as a reference, so the benchmark's own row leaves them blank.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 4.2% | 3.8% | -0.67 | -0.74 |
Risk-free rate 6.5%, roughly the 10-year government bond.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -7.6% | 8 months | At a high |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Every one-year period it has lived through
| Best year | Median year | Worst year | Losing years |
|---|---|---|---|
| 12.1% | 5.5% | -4.7% | 10% |
Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.
Calendar years
If you had run a SIP
₹10,000 every month for five years — ₹600,000 invested in all — would be worth ₹673,485 today, an XIRR of 4.57% a year.
XIRR, not CAGR. A SIP's money arrives over sixty months, so most of it has been invested for far less than five years — which is why this figure normally sits below the five-year CAGR above in a rising market, and above it in a falling one. It is the return the investor got, not the return the fund got.
What a Income/Debt Oriented Schemes - Short Term Fund scheme is
A SEBI-classified mutual fund scheme.
Questions people ask
What is the NAV of JM Short Term Fund-closed — —?
₹14.6036 as on 25 Sep 2020, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of JM Short Term Fund-closed?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance every year, so it compounds. As an illustration, not a forecast: ₹1,00,000 invested for ten years at 12% a year ends at about ₹3.11 lakh, but at 10.5% — a 1.5 percentage-point gap and nothing else changed — it ends at about ₹2.71 lakh, roughly ₹40,000 less. The longer you hold, the wider the gap. Direct is the same fund without the commission.
What does the option mean?
An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.
What kind of scheme is this?
A SEBI-classified mutual fund scheme.