homeproductsdebtJM Dynamic Debt Fund (frmly JM Floater Long Term)
JM Dynamic Debt Fund (frmly JM Floater Long Term)
 


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
The investment objective will be to actively manage a portfolio of good quality debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. Investors are required to read all the scheme related information set out in the offer documents 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

Scheme Features
Inception Date :

Regular Plan: 25th June, 2003

Premium Plan: 13th Oct, 2004

Type of Scheme : An open ended dynamic debt scheme investing across duration
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 investment strategy of the Scheme would be to allocate fund corpus across debt and money market instruments of various maturities on the basis of the expected interest rate scenario. Since the interest rates can be volatile at times, the fund will always endeavor to invest in highly liquid debt and money market instruments. The fund will follow an active duration management strategy as a result of which the portfolio turnover could be high..
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 Composite Bond Fund Index (CLFI)
Tax Benefits : Provisions applicable to debt schemes. For more information, click here
Plans / OptionsLatest NAV (Rs.)
Premium Plan - Dividend Option10.3646 (20 Jun 2018)
Premium Plan - Growth Option26.3771 (20 Jun 2018)
Daily Dividend Option10.0065 (20 Jun 2018)
Weekly Dividend Option10.5500 (20 Jun 2018)
Premium Plan -Daily Dividend Option10.0063 (20 Jun 2018)
Premium Plan -Weekly Dividend Option10.5868 (30 Apr 2015)
(Direct) Daily Dividend Option10.0110 (20 Jun 2018)
(Direct) Weekly Dividend Option10.5603 (20 Jun 2018)
(Direct) Dividend Option28.1871 (20 Jun 2018)
(Direct) Growth Option28.0360 (20 Jun 2018)
Bonus Option - Principal Units27.2495 (20 Jun 2018)
(Direct) Bonus Option - Principal Units27.9243 (20 Jun 2018)
Dividend Option27.3206 (20 Jun 2018)
Growth Option27.2351 (20 Jun 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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