Click here for top ranked funds in overnight mutual funds.
However, Scripbox does not recommend investing in overnight mutual funds.
Overnight Funds invest in securities with a maturity of 1 day.
These investments have very low interest rate risk; however this also reduces return.
The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.
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Scheme Information
Investment Objective
The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity,through investments made primarily in overnight securities having maturity of 1 business day. Investors are required to read all the scheme related information set out in this document 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.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
JM Financial Asset Management Limited manages assets worth 2,205 crores and was set up on 9 June 1994. It's current offering of mutual fund schemes includes 22 equity,54 debt and 31 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
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About JM Overnight Fund (G)
About JM Overnight Fund (G)
JM Overnight Fund (G) is a overnight debt fund and has delivered an annualised return of 3.4% over a period of 2 years ..The fund is managed by JM Financial Asset Management Limited.The fund manager’s name is Shalini Tibrewala.
JM Overnight Fund (G) Investment Objective
The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity,through investments made primarily in overnight securities having maturity of 1 business day. Investors are required to read all the scheme related information set out in this document 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. However, there is no assurance that the objective of the scheme will be realized.
JM Overnight Fund (G) NAV,AUM,Risk
The JM Overnight Fund (G) fund was launched on Dec 03, 2019. The NAV (Net Asset Value) of this overnight debt as of 2021-06-20 is ₹ 1052.3223. The total AUM (Asset Under Management) of the fund as of 2021-06-21 is ₹ 96.271. The category risk of the JM Overnight Fund (G) fund is Low Risk.
The fund charges 0.0 % as expense ratio.
JM Overnight Fund (G) Holdings
The fund’s highest allocation is towards others and has invested 100.0% in this asset class. The top three holdings of the fund are treps-triparty repo and net current assets
JM Overnight Fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
JM Overnight Fund (G) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Overnight Index TR INR.
JM Overnight Fund (G) Review
JM Overnight Fund (G) has a score of 3 on a scale of 5. The fund scores 1 out of 5 based on historical performance. As compared to the other funds in its category, JM Overnight Fund (G) has a score of 1 out of 5.
The credit risk of the fund is 5 out of 5 as compared to other debt funds.
