Should I invest in JM MIP FUND-Monthly Dividend?

We don't give personal investment advice. JM MIP FUND-Monthly Dividend is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 5.2%. 5-year CAGR: 2.15%.

JM Financial

JM MIP FUND-Monthly Dividend

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.01%	-9.99%	+10.00	207 / 1129	Q1
1W	+0.09%	-13.04%	+13.13	272 / 1151	Q1
2W	+0.18%	-13.18%	+13.36	227 / 1149	Q1
1M	-0.03%	-13.26%	+13.23	399 / 1137	Q2
3M	0.00%	-13.15%	+13.14	456 / 1116	Q2
6M	-0.17%	-15.45%	+15.28	542 / 906	Q3
YTD	+0.29%	-15.77%	+16.07	384 / 952	Q2
1Y	-1.74%	-13.09%	+11.34	607 / 820	Q3
2Y	-0.22%	-12.72%	+12.50	320 / 446	Q3
3Y	+1.73%	-11.01%	+12.73	165 / 385	Q2
4Y	+2.19%	-6.52%	+8.71	130 / 339	Q2
5Y	+2.15%	-7.36%	+9.51	124 / 314	Q2
7Y	+1.51%	+2.53%	-1.02	125 / 234	Q3
10Y	+0.67%	+3.14%	-2.47	69 / 101	Q3
Inception	+0.45%	-13.63%	+14.08	451 / 1199	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2017 YTD	+0.29%	+1.63%	-1.33	76 / 137
2016	+0.34%	+3.02%	-2.69	117 / 181
2015	-0.05%	+2.22%	-2.27	172 / 216
2014	+10.85%	+5.51%	+5.34	44 / 240
2013	-0.96%	-1.95%	+1.00	216 / 276
2012	+5.48%	+1.38%	+4.10	136 / 295
2011	-0.71%	-3.16%	+2.45	239 / 317
2010	-1.34%	-5.78%	+4.44	305 / 377
2009	+6.23%	-12.86%	+19.09	168 / 713
2008	-14.24%	-2.02%	-12.22	355 / 380
2007	+4.40%	+4.84%	-0.44	90 / 142

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+0.78%

123 windows

min -14.5% · max 11.8%

57% positive

3-Year rolling

+1.16%

99 windows

min -3.6% · max 4.5%

69% positive

5-Year rolling

+1.08%

75 windows

min -1.5% · max 2.9%

64% positive

7-Year rolling

+1.07%

50 windows

min -0.7% · max 2.7%

80% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

2.98%

3-year · annualised

Sharpe ratio

-1.61

vs risk-free 6.5%

Sortino ratio

-3.48

Downside-only deviation

Max drawdown

-3.45%

Jan 2015 → Nov 2015

% positive months

47.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Recent NAVs

Date	NAV
28 Apr 2017	₹11.4362
27 Apr 2017	₹11.4348
26 Apr 2017	₹11.4334
25 Apr 2017	₹11.4319
24 Apr 2017	₹11.4304
21 Apr 2017	₹11.4261
20 Apr 2017	₹11.4247
19 Apr 2017	₹11.4232
18 Apr 2017	₹11.4218
17 Apr 2017	₹11.4203

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

JM MIP FUND-Monthly Dividend is a Income from JM Financial (Unknown plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

JM MIP FUND-Monthly Dividend has NAV history starting from 03 Apr 2006, a track record of about 20 years 2 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

JM MIP FUND-Monthly Dividend is managed by JM Financial. It's classified by AMFI under the 'Income' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, JM MIP FUND-Monthly Dividend has delivered a absolute return of -1.74% — +11.34 pp ahead of the Income category average of -13.09%. The fund ranks #607 of 820 in its category — the third (Q3) quartile.

Over the trailing 3-year window, JM MIP FUND-Monthly Dividend has delivered a CAGR of 1.73% — +12.73 pp ahead of the Income category average of -11.01%. The fund ranks #165 of 385 in its category — the second (Q2) quartile.

Over the trailing 5-year window, JM MIP FUND-Monthly Dividend has delivered a CAGR of 2.15% — +9.51 pp ahead of the Income category average of -7.36%. The fund ranks #124 of 314 in its category — the second (Q2) quartile.

₹1 lakh invested in JM MIP FUND-Monthly Dividend exactly 10 years ago would be worth approximately ₹106,955 today — a multiplier of 1.07×, based on the 10-year CAGR of 0.67%. The category average over the same window would have grown ₹1 lakh to ₹136,244.

A ₹10,000 monthly SIP in JM MIP FUND-Monthly Dividend over the last 5 years — total invested ₹600,000 — would be worth ₹622,463 today. That's an XIRR (money-weighted annualised return) of 1.45%.

A ₹10,000 monthly SIP for 10 years in JM MIP FUND-Monthly Dividend = ₹1,200,000 invested. It would currently be worth ₹1,293,739 (multiplier 1.08×). XIRR: 1.48%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, JM MIP FUND-Monthly Dividend ranks #124 out of 314 funds in the Income category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is -7.36%; this fund delivered 2.15%.

The worst peak-to-trough decline JM MIP FUND-Monthly Dividend has experienced over the last 5-year window is 5.24% — its NAV fell from a high on 30 Nov 2012 to a low on 03 Sep 2013. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, JM MIP FUND-Monthly Dividend averaged 1.08% (best 2.88%, worst -1.49%). 64% of rolling windows ended positive. The 5-year Sharpe ratio is -1.29 — negative risk-adjusted performance.

In calendar year 2016, JM MIP FUND-Monthly Dividend returned 0.34% — lagging the Income category average of 3.02% by 2.69 pp. It ranked #117 of 181 in its category that year.

JM MIP FUND-Monthly Dividend is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. JM MIP FUND-Monthly Dividend is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 5.2%. 5-year CAGR: 2.15%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.