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JM Floater Long Term Fund

This product is suitable for investors who are seeking* :

  • Regular Income over Short to Medium Term.
  • Investment in floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt and money market instruments.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Investment Objective
To provide regular income and capital appreciation through investment in fl oating rate debt instruments, fi xed rate debt instruments swapped for fl oating rate returns and also fi xed rate instruments and money market instruments.

Scheme Features
Inception Date :

Regular Plan: 25th June, 2003

Premium Plan: 13th Oct, 2004

Type of Scheme : An Open-Ended Income Scheme
Plans/Options : Regular - Growth Option , Dividend Option, Daily Dividend Option, Weekly Dividend Option, Bonus Option
Premium Plan - Growth Option, Dividend Option , Daily Dividend Option, Weekly Dividend Option *
(Direct) Daily Dividend Option (Reinvestment Option), (Direct) Weekly Dividend Option (Reinvestment Option), (Direct) Dividend Option (Payout & Reinvestment Option), (Direct) Growth Option & (Direct) Bonus Option (Principal Units)
* As per SEBI Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012, this plan has been suspended w.e.f. 01.10.2012 and all fresh subscriptions (including SIP)/switches in the aforementioned scheme will be accepted only in the Surviving Plan i.e. Regular Plan. The Suspended Plan will continue till the existing investors remain invested in the plan.
Investment Strategy : The Fund will seek to invest in quality debt and money market instruments. The fund aims to identify securities, which offer superior levels of yields at lower levels of risk. With the aim of controlling risks, rigorous in-depth credit evaluations of the securities proposed to be invested in will be carried out.
Minimum Application Amount/Number of Units : Purchase : Rs. 5,000/- and any amount thereafter.
Additional Purchase : Rs. 1,000/- and any amount thereafter
Repurchase : Minimum redemption from existing Unit Accounts for normal transactions other than through STP/SWP would be a) Rs. 500 and any amount thereafter OR b) 50 units or any number of units there after subject to keeping a minimum balance of 500 units or Rs. 5000/- whichever is less. c) for all the units in the folio for the respective plan if the available balance is less than Rs. 500/- or less than 50 units on the day of submission of valid redemption request.
Entry Load : NIL
Exit Load : Nil.
SIP / STP / SWP Option : Available.
Benchmark Index : CRISIL Liquid Fund Index (CLFI)
Tax Benefits : Provisions applicable to debt schemes. For more information, click here
Plans / OptionsLatest NAV (Rs.)
Premium Plan - Dividend Option10.3573 (23 Apr 2018)
Premium Plan - Growth Option26.0954 (23 Apr 2018)
Daily Dividend Option10.0065 (23 Apr 2018)
Weekly Dividend Option10.5583 (23 Apr 2018)
Premium Plan -Daily Dividend Option10.0064 (23 Apr 2018)
Premium Plan -Weekly Dividend Option10.5868 (30 Apr 2015)
(Direct) Daily Dividend Option10.0110 (23 Apr 2018)
(Direct) Weekly Dividend Option10.5708 (23 Apr 2018)
(Direct) Dividend Option27.8648 (23 Apr 2018)
(Direct) Growth Option27.7156 (23 Apr 2018)
Bonus Option - Principal Units26.9595 (23 Apr 2018)
(Direct) Bonus Option - Principal Units27.6052 (23 Apr 2018)
Dividend Option27.0298 (23 Apr 2018)
Growth Option26.9453 (23 Apr 2018)
Liquidity : Purchase and redemption of Units at NAV based prices on all Business Days. It will be our endeavour to dispatch redemption proceeds at T+1 working days. However, as per regulations, the Fund is required to dispatch redemption proceeds within 10 Business days of receiving valid redemption request
Fund Manager : Shalini Tibrewala
(Managing this fund since March, 2006 & total 14 years of experience in the financial services sector).
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