homeproductsdebtJM Income Fund
JM Income Fund

This product is suitable for investors who are seeking* :

  • Regular Income over Medium to Long Term.
  • Investment in Debt and Money Market securities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Investment Objective
To generate stable long term returns with low risk strategy and capital appriciation / accretion through investment in debt instruments and related securities besides prevention of capital.

Scheme Features
Inception Date : 1st April, 1995
Type of Scheme : An open ended medium term debt scheme investing in instruments such that the Macaulay duration$ of the portfolio is between 4 to 7 years.
Plans/Options : Quarterly Dividend Option (Payout & Reinvestment Option), Growth Option, Bonus Option (Principal Units), (Direct) Quarterly Dividend Option (Payout & Reinvestment Option), (Direct) Growth Option & (Direct) Bonus Option (Principal & Bonus units)
Investment Strategy : JM Income Fund will seek to invest in high quality debt and money market instruments. The fund aims to identify securities, which offer superior levels of yield at lower levels of risks. With the aim of controlling risks, rigorous in depth credit evaluation of the securities proposed to be invested in will be carried out by the investment team of the AMC. Rated Debt instruments in which the Scheme invests will be of investment grade as rated by a credit rating agency. The AMC will be guided by the ratings of Rating Agencies such as CRISIL, CARE, ICRA and Duff and Phelps Credit Rating India Limited or any other rating agencies that may be registered with SEBI from time to time. In case a debt instrument is not rated, necessary clearance of the Committee/ Board as per requirements of Regulations/Guidelines /Circulars will be obtained for such an investment. The Scheme may also use various derivatives and hedging products from time to time, as would be available and permitted by SEBI, in an attempt to protect the value of the portfolio and enhance Unitholders’ interest. The Scheme may invest in other debt Schemes managed by the AMC or in the debt Schemes of any other Mutual Funds, provided it is in conformity to the investment objectives of the Scheme and in terms of the prevailing Regulations. As per the Regulations, no investment management fees will be charged for such investments and the aggregate inter Scheme investment made by all Schemes of JM Financial Mutual Fund or in the Schemes under the management of other asset management companies shall not exceed 5% of the net asset value of JM Financial Mutual Fund.
Minimum Application Amount/Number of Units : Purchase : Rs. 5,000/- or any amount thereafter
Additional Purchase : Rs. 1,000/- or any amount thereafter
Repurchase : There is no minimum limit on the amount/units which can be redeemed/switched-out. The investor is free to redeem any or all units outstanding in his/her/their folio.
Entry Load : NIL
Exit Load : NIL
SIP / STP / SWP Option : Available.
Benchmark Index : CRISIL Composite Bond Fund Index (CCBFI)
Tax Benefits : Provisions applicable to debt schemes. For more information, click here
Plans / OptionsLatest NAV (Rs.)
Quarterly Dividend Option 16.8764 (15 Apr 2021)
Growth Option49.6358 (15 Apr 2021)
(Direct) Quarterly Dividend Option 19.0511 (15 Apr 2021)
(Direct) Growth Option53.9149 (15 Apr 2021)
(Direct) Bonus Option - Principal Units23.1214 (15 Apr 2021)
Bonus Option - Principal Units20.3074 (15 Apr 2021)
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+2 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 : Vikas Agrawal
(Total 10 years of experience in fixed income market).
Click here for Monthly Portfolios

Click here for Scheme Performance

Click here for Scheme Comparison

  • Toll - Free No. : 1800-1038-345
  • Email : investor@jmfl.com
  • SMS 'SMS code' to '9028364444' for latest NAV
Copyright © 2008. JM Financial Mutual Fund.
Site Designed & Developed by Idealake
Disclaimer | Privacy Policy | Rules & Regulations | Scheme Expense Ratios | Voting Policy