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

We don't give personal investment advice. JM Short Term Fund (Direct) - Growth 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: 7.6%. 5-year CAGR: 5.60%.

JM Short Term Fund (Direct) - Growth Option

Latest NAV

₹26.9629

As of

25 Sep 2020

1,866 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%	+0.04%	-0.02	21 / 27	Q4
1W	+0.10%	-0.70%	+0.81	27 / 29	Q4
2W	+0.33%	+2.94%	-2.61	11 / 28	Q2
1M	+0.65%	+3.47%	-2.81	2 / 28	Q1
3M	+3.55%	+3.91%	-0.36	2 / 28	Q1
6M	+6.42%	+5.05%	+1.37	2 / 27	Q1
YTD	+8.35%	+4.94%	+3.41	2 / 27	Q1
1Y	+4.39%	+7.52%	-3.12	13 / 27	Q2
2Y	+3.18%	+9.69%	-6.51	25 / 25	Q4
3Y	+3.67%	+8.64%	-4.97	25 / 25	Q4
4Y	+4.53%	+8.45%	-3.92	23 / 23	Q4
5Y	+5.60%	+7.72%	-2.12	21 / 21	Q4
7Y	+6.59%	+7.60%	-1.00	17 / 20	Q4
10Y	—	—	—	—	—
Inception	+6.58%	+7.44%	-0.86	23 / 27	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	+8.35%	+8.81%	-0.46	16 / 20
2019	-4.12%	+6.89%	-11.01	18 / 19
2018	+6.16%	+6.62%	-0.46	16 / 18
2017	+5.45%	+6.64%	-1.20	17 / 18
2016	+10.13%	+10.25%	-0.12	11 / 18
2015	+6.89%	+8.43%	-1.54	2 / 2
2014	+10.73%	+10.73%	+0.00	1 / 1
2013	+7.20%	+7.20%	+0.00	1 / 1

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

+6.27%

83 windows

min -4.3% · max 11.4%

90% positive

3-Year rolling

+6.86%

58 windows

min 2.3% · max 9.7%

100% positive

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

5-Year rolling

+6.80%

34 windows

min 4.7% · max 8.2%

100% positive

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

7-Year rolling

+6.24%

10 windows

min 6.0% · max 6.8%

100% 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

4.18%

3-year · annualised

Sharpe ratio

-0.67

vs risk-free 6.5%

Sortino ratio

-0.90

Downside-only deviation

Max drawdown

-7.62%

Jun 2019 → Oct 2019

% positive months

86.1%

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
25 Sep 2020	₹26.9629
24 Sep 2020	₹26.9562
23 Sep 2020	₹26.9632
22 Sep 2020	₹26.9533
21 Sep 2020	₹26.9470
18 Sep 2020	₹26.9347
17 Sep 2020	₹26.9251
16 Sep 2020	₹26.9360
15 Sep 2020	₹26.9064
14 Sep 2020	₹26.8928

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) - Growth Option is ₹26.9629. 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 Term Fund (Direct) - Growth Option has NAV history starting from 02 Jan 2013, a track record of about 13 years 5 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) - Growth 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) - Growth Option has delivered a absolute return of 4.39% — -3.12 pp behind the Short Duration Fund category average of 7.52%. The fund ranks #13 of 27 in its category — the second (Q2) quartile.

Over the trailing 3-year window, JM Short Term Fund (Direct) - Growth Option has delivered a CAGR of 3.67% — -4.97 pp behind the Short Duration Fund category average of 8.64%. The fund ranks #25 of 25 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, JM Short Term Fund (Direct) - Growth Option has delivered a CAGR of 5.60% — -2.12 pp behind the Short Duration Fund category average of 7.72%. The fund ranks #21 of 21 in its category — the bottom (Q4) quartile.

₹1 lakh invested in JM Short Term Fund (Direct) - Growth Option exactly 5 years ago would be worth approximately ₹131,290 today — a multiplier of 1.31×, based on the 5-year CAGR of 5.60%. The category average over the same window would have grown ₹1 lakh to ₹145,019.

A ₹10,000 monthly SIP in JM Short Term Fund (Direct) - Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹672,979 today. That's an XIRR (money-weighted annualised return) of 4.53%.

JM Short Term Fund (Direct) - Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,016,919 — XIRR 5.37%.

On a 5-year basis, JM Short Term Fund (Direct) - Growth Option ranks #21 out of 21 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 7.72%; this fund delivered 5.60%.

The worst peak-to-trough decline JM Short Term Fund (Direct) - Growth Option has experienced over the last 5-year window is 7.62% — its NAV fell from a high on 03 Jun 2019 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) - Growth Option averaged 6.80% (best 8.15%, worst 4.71%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.27 — negative risk-adjusted performance.

In calendar year 2019, JM Short Term Fund (Direct) - Growth Option returned -4.12% — lagging the Short Duration Fund category average of 6.89% by 11.01 pp. It ranked #18 of 19 in its category that year.

JM Short Term Fund (Direct) - Growth 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) - Growth 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: 7.6%. 5-year CAGR: 5.60%.

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

JM Short Term Fund (Direct) - Growth Option

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Short Duration Fund

Recent NAVs

Frequently asked questions

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