Should I invest in JM Short Duration Fund (Direct)?

We don't give personal investment advice. JM Short Duration Fund (Direct) - Growth 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.

JM Short Duration Fund (Direct) - Growth

Latest NAV

₹12.8541

As of

3 Jun 2026

907 NAV records on file

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	-0.03%	+0.04%	-0.08	26 / 27	Q4
1W	+0.17%	-0.70%	+0.87	23 / 29	Q4
2W	+0.28%	+2.94%	-2.66	23 / 28	Q4
1M	+0.13%	+3.47%	-3.33	22 / 28	Q4
3M	+0.54%	+3.91%	-3.37	14 / 28	Q2
6M	+1.53%	+5.05%	-3.52	13 / 27	Q2
YTD	+1.33%	+4.94%	-3.61	14 / 27	Q3
1Y	+4.23%	+7.52%	-3.29	18 / 27	Q3
2Y	+6.97%	+9.69%	-2.72	20 / 25	Q4
3Y	+6.89%	+8.64%	-1.76	22 / 25	Q4
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+6.87%	+7.44%	-0.58	20 / 27	Q3

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
2026 YTD	+1.33%	+1.37%	-0.04	12 / 24
2025	+7.96%	+15.76%	-7.80	19 / 24
2024	+7.82%	+8.00%	-0.18	21 / 24
2023	+7.00%	+3.00%	+4.01	20 / 25
2022	—	—	—	—

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

+7.57%

34 windows

min 4.2% · max 10.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+7.44%

10 windows

min 6.9% · max 7.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

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

1.18%

3-year · annualised

Sharpe ratio

0.16

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.53%

Jun 2025 → Jun 2025

% positive months

94.4%

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.

Peers in Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Short Term Debt Fund - Growth Option - Direct Plan	HDFC	₹34.6078	3 Jun 2026
Nippon India Short Duration Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹60.1021	3 Jun 2026
SBI SHORT TERM DEBT FUND - DIRECT PLAN -GROWTH	SBI	₹35.6616	3 Jun 2026
ICICI Prudential Short Term Fund - Direct Plan - Growth Option	ICICI Prudential	₹69.0732	3 Jun 2026
Invesco India Short Duration Fund - Direct Plan - Growth	Invesco	₹4,112.3349	3 Jun 2026
Bandhan Short Duration Fund - Direct Plan - Growth	Bandhan	₹64.1516	3 Jun 2026
Aditya Birla Sun Life Short Term Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹53.9139	3 Jun 2026
Franklin India Short Tem Income Plan - Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct Retail Plan Growth Option	Franklin India	₹0.0000	3 Jun 2026
Mirae Asset Short Duration Fund - Direct Plan - Growth	Mirae Asset	₹17.4069	3 Jun 2026
Kotak Bond Short Term Plan-(Growth) - Direct	Kotak	₹59.9322	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹12.8541
2 Jun 2026	₹12.8584
1 Jun 2026	₹12.8529
29 May 2026	₹12.8469
27 May 2026	₹12.8329
26 May 2026	₹12.8254
25 May 2026	₹12.8228
22 May 2026	₹12.8011
21 May 2026	₹12.7993
20 May 2026	₹12.8185

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.

As of 03 Jun 2026, the NAV of JM Short Duration Fund (Direct) - Growth is ₹12.8541. It's a Short Duration Fund from the fund house, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

JM Short Duration Fund (Direct) - Growth has NAV history starting from 01 Sep 2022, a track record of about 3 years 9 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

JM Short Duration Fund (Direct) - Growth is managed by the fund house. It's classified by AMFI under the 'Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, JM Short Duration Fund (Direct) - Growth has delivered a absolute return of 4.23% — -3.29 pp behind the Short Duration Fund category average of 7.52%. The fund ranks #18 of 27 in its category — the third (Q3) quartile.

Over the trailing 3-year window, JM Short Duration Fund (Direct) - Growth has delivered a CAGR of 6.89% — -1.76 pp behind the Short Duration Fund category average of 8.64%. The fund ranks #22 of 25 in its category — the bottom (Q4) quartile.

JM Short Duration Fund (Direct) - Growth doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in JM Short Duration Fund (Direct) - Growth exactly 3 years ago would be worth approximately ₹122,115 today — a multiplier of 1.22×, based on the 3-year CAGR of 6.89%. The category average over the same window would have grown ₹1 lakh to ₹128,237.

A ₹10,000 monthly SIP in JM Short Duration Fund (Direct) - Growth over the last 3 years — total invested ₹360,000 — would be worth ₹397,420 today. That's an XIRR (money-weighted annualised return) of 6.52%.

JM Short Duration Fund (Direct) - Growth doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹397,420 — XIRR 6.52%.

On a 3-year basis, JM Short Duration Fund (Direct) - Growth ranks #22 out of 25 funds in the Short Duration Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 8.64%; this fund delivered 6.89%.

The worst peak-to-trough decline JM Short Duration Fund (Direct) - Growth has experienced over the last 3-year window is 0.53% — its NAV fell from a high on 06 Jun 2025 to a low on 13 Jun 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, JM Short Duration Fund (Direct) - Growth averaged 7.44% (best 7.79%, worst 6.89%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.16 — weak risk-adjusted performance.

In calendar year 2025, JM Short Duration Fund (Direct) - Growth returned 7.96% — lagging the Short Duration Fund category average of 15.76% by 7.80 pp. It ranked #19 of 24 in its category that year.

JM Short Duration Fund (Direct) - Growth 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 Short Duration Fund (Direct) - Growth 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.

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