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

We don't give personal investment advice. JM Short Term Fund (Direct) - Dividend Option 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: 8.3%. 5-year CAGR: 0.17%.

JM Short Term Fund (Direct) - Dividend Option

Latest NAV

₹10.6757

As of

25 Sep 2020

1,865 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	+0.02%	+0.01%	+0.01	17 / 70	Q1
1W	+0.11%	+7.45%	-7.34	6 / 70	Q1
2W	+0.33%	+7.41%	-7.08	5 / 70	Q1
1M	+0.66%	+8.42%	-7.77	31 / 70	Q2
3M	+3.56%	+9.30%	-5.74	4 / 70	Q1
6M	+6.44%	+9.67%	-3.24	4 / 70	Q1
YTD	+8.36%	+9.57%	-1.21	5 / 70	Q1
1Y	+4.40%	+10.46%	-6.05	31 / 70	Q2
2Y	+0.54%	+6.36%	-5.82	42 / 69	Q3
3Y	+0.33%	+5.29%	-4.96	46 / 67	Q3
4Y	+0.15%	+5.04%	-4.89	47 / 59	Q4
5Y	+0.18%	+4.43%	-4.25	42 / 57	Q3
7Y	+0.12%	+3.79%	-3.66	38 / 50	Q4
10Y	—	—	—	—	—
Inception	+0.13%	+3.29%	-3.17	58 / 69	Q4

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
2020 YTD	+8.36%	+4.17%	+4.20	18 / 51
2019	-6.94%	+0.83%	-7.77	45 / 50
2018	+0.01%	+1.84%	-1.83	35 / 48
2017	+0.11%	+1.67%	-1.57	26 / 47
2016	-0.77%	+4.15%	-4.92	41 / 45
2015	-0.02%	+3.55%	-3.57	8 / 8
2014	+0.06%	+1.73%	-1.68	3 / 3
2013	-0.01%	+0.44%	-0.45	2 / 3

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

-0.55%

83 windows

min -7.3% · max 4.6%

41% positive

3-Year rolling

-0.37%

58 windows

min -2.5% · max 0.7%

38% positive

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

5-Year rolling

-0.39%

34 windows

min -1.6% · max 0.2%

24% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

-0.44%

10 windows

min -1.0% · max 0.3%

30% 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

4.27%

3-year · annualised

Sharpe ratio

-1.43

vs risk-free 6.5%

Sortino ratio

-1.82

Downside-only deviation

Max drawdown

-7.94%

Apr 2019 → Oct 2019

% positive months

63.9%

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 - Fortnightly IDCW - Direct Plan	HDFC	₹10.3040	17 Jul 2026
NIPPON INDIA SHORT DURATION FUND - Direct Plan - IDCW Option	Nippon India	₹24.8850	17 Jul 2026
SBI Short Term Debt Fund - Direct Plan - Monthly Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹20.2356	17 Jul 2026
ICICI Prudential Short Term Fund - Direct Plan - Monthly IDCW	ICICI Prudential	₹12.6812	17 Jul 2026
Invesco India Short Duration Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,021.8141	17 Jul 2026
Bandhan Short Duration Fund - Direct Plan - Annual IDCW	Bandhan	₹11.0863	17 Jul 2026
Aditya Birla Sun Life Short Term Fund - DIRECT - IDCW	Aditya Birla Sun Life	₹11.0543	17 Jul 2026
Franklin India Short term Income Plan- Retail Plan-Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct Monthly - IDCW	Franklin India	₹0.0000	17 Jul 2026
Mirae Asset Short Duration Fund - Direct Plan - IDCW	Mirae Asset	₹17.6720	17 Jul 2026
Kotak Bond Short Term Plan - Direct - Standard Income Distribution cum capital withdrawal option	Kotak	₹16.1853	17 Jul 2026

Recent NAVs

Date	NAV
25 Sep 2020	₹10.6757
24 Sep 2020	₹10.6731
23 Sep 2020	₹10.6758
22 Sep 2020	₹10.6719
21 Sep 2020	₹10.6694
18 Sep 2020	₹10.6645
17 Sep 2020	₹10.6607
16 Sep 2020	₹10.6650
15 Sep 2020	₹10.6533
14 Sep 2020	₹10.6479

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 25 Sep 2020, the NAV of JM Short Term Fund (Direct) - Dividend Option is ₹10.6757. It's a Short Duration Fund from the fund house, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

JM Short Term Fund (Direct) - Dividend Option has NAV history starting from 03 Jan 2013, a track record of about 13 years 6 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

JM Short Term Fund (Direct) - Dividend Option 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 Term Fund (Direct) - Dividend Option has delivered a absolute return of 4.40% — -6.05 pp behind the Short Duration Fund category average of 10.46%. The fund ranks #31 of 70 in its category — the second (Q2) quartile.

Over the trailing 3-year window, JM Short Term Fund (Direct) - Dividend Option has delivered a CAGR of 0.33% — -4.96 pp behind the Short Duration Fund category average of 5.29%. The fund ranks #46 of 67 in its category — the third (Q3) quartile.

Over the trailing 5-year window, JM Short Term Fund (Direct) - Dividend Option has delivered a CAGR of 0.18% — -4.25 pp behind the Short Duration Fund category average of 4.43%. The fund ranks #42 of 57 in its category — the third (Q3) quartile.

₹1 lakh invested in JM Short Term Fund (Direct) - Dividend Option exactly 5 years ago would be worth approximately ₹100,878 today — a multiplier of 1.01×, based on the 5-year CAGR of 0.17%. The category average over the same window would have grown ₹1 lakh to ₹124,190.

A ₹10,000 monthly SIP in JM Short Term Fund (Direct) - Dividend Option over the last 5 years — total invested ₹600,000 — would be worth ₹611,931 today. That's an XIRR (money-weighted annualised return) of 0.77%.

JM Short Term Fund (Direct) - Dividend Option doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹853,966 — XIRR 0.46%.

On a 5-year basis, JM Short Term Fund (Direct) - Dividend Option ranks #42 out of 57 funds in the Short Duration Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 4.43%; this fund delivered 0.17%.

The worst peak-to-trough decline JM Short Term Fund (Direct) - Dividend Option has experienced over the last 5-year window is 8.31% — its NAV fell from a high on 24 Nov 2016 to a low on 29 Oct 2019. 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 Short Term Fund (Direct) - Dividend Option averaged -0.39% (best 0.20%, worst -1.61%). 24% of rolling windows ended positive. The 5-year Sharpe ratio is -1.77 — negative risk-adjusted performance.

In calendar year 2019, JM Short Term Fund (Direct) - Dividend Option returned -6.94% — lagging the Short Duration Fund category average of 0.83% by 7.77 pp. It ranked #45 of 50 in its category that year.

JM Short Term Fund (Direct) - Dividend Option 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 Term Fund (Direct) - Dividend Option 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: 8.3%. 5-year CAGR: 0.17%.

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