JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units

Latest NAV

₹27.8437

As of

25 Sep 2020

1,803 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	+0.01%	+0.00%	+0.01	69 / 102	Q3
1W	+0.06%	-1.81%	+1.87	68 / 104	Q3
2W	+0.13%	+0.12%	+0.01	50 / 102	Q2
1M	+0.27%	+0.20%	+0.07	39 / 102	Q2
3M	+4.63%	+0.79%	+3.84	7 / 102	Q1
6M	+6.19%	+1.31%	+4.89	7 / 99	Q1
YTD	+7.35%	+1.32%	+6.03	7 / 100	Q1
1Y	+5.83%	-1.59%	+7.42	32 / 103	Q2
2Y	+3.90%	-1.79%	+5.69	29 / 99	Q2
3Y	+4.74%	+2.26%	+2.48	25 / 95	Q2
4Y	+5.46%	+2.16%	+3.30	21 / 90	Q1
5Y	+6.37%	+2.02%	+4.35	9 / 89	Q1
7Y	+7.26%	+1.83%	+5.43	1 / 74	Q1
10Y	—	—	—	—	—
Inception	+7.39%	-2.03%	+9.41	5 / 106	Q1

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	+7.35%	+0.98%	+6.38	4 / 85
2019	-1.71%	+1.58%	-3.29	64 / 72
2018	+7.16%	+0.60%	+6.56	9 / 49
2017	+6.83%	+1.82%	+5.01	11 / 49
2016	+10.05%	+1.85%	+8.20	2 / 40
2015	+9.40%	+1.38%	+8.02	1 / 7
2014	+9.23%	+1.34%	+7.89	1 / 7
2013	—	—	—	—

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

+7.05%

79 windows

min -2.6% · max 10.3%

90% positive

3-Year rolling

+7.58%

55 windows

min 3.7% · max 9.8%

100% positive

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

5-Year rolling

+7.51%

31 windows

min 5.9% · max 8.9%

100% positive

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

7-Year rolling

+7.16%

6 windows

min 6.9% · max 7.5%

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

3.98%

3-year · annualised

Sharpe ratio

-0.45

vs risk-free 6.5%

Sortino ratio

-0.60

Downside-only deviation

Max drawdown

-5.50%

Jun 2019 → Oct 2019

% positive months

91.7%

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 Ultra Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Ultra Short Term Fund - Direct Plan-Daily IDCW Option	HDFC	₹10.0920	3 Jun 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DIRECT Plan - DAILY IDCW OPTION	Nippon India	₹1,114.1500	3 Jun 2026
SBI Ultra Short Duration Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹2,399.9423	3 Jun 2026
ICICI Prudential Ultra Short Term Fund - Direct Plan - Monthly IDCW	ICICI Prudential	₹10.7924	3 Jun 2026
Invesco India Ultra Short Duration Fund - Direct Plan - Annual IDCW (Payout / Reinvestment)	Invesco	₹2,168.5662	3 Jun 2026
BANDHAN ULTRA SHORT DURATION FUND - DIRECT PLAN -MONTHLY IDCW	Bandhan	₹10.0561	3 Jun 2026
Aditya Birla Sun Life Savings Fund-DIRECT - DAILY IDCW	Aditya Birla Sun Life	₹100.1187	3 Jun 2026
Motilal Oswal Ultra Short Term Fund Direct - IDCW Daily Reinvestment	Motilal Oswal	₹11.7326	3 Jun 2026
Franklin India Ultra Short Duration Fund - Direct - IDCW	Franklin India	₹10.7529	3 Jun 2026
Mirae Asset Ultra Short Duration Fund Direct IDCW	Mirae Asset	₹1,398.5715	3 Jun 2026

Recent NAVs

Date	NAV
25 Sep 2020	₹27.8437
24 Sep 2020	₹27.8411
23 Sep 2020	₹27.8387
22 Sep 2020	₹27.8387
21 Sep 2020	₹27.8356
18 Sep 2020	₹27.8274
17 Sep 2020	₹27.8242
16 Sep 2020	₹27.8216
15 Sep 2020	₹27.8150
14 Sep 2020	₹27.8150

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 Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units is ₹27.8437. It's a Ultra 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 Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units has NAV history starting from 08 Apr 2013, a track record of about 13 years 1 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 Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units is managed by the fund house. It's classified by AMFI under the 'Ultra Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units has delivered a absolute return of 5.83% — +7.42 pp ahead of the Ultra Short Duration Fund category average of -1.59%. The fund ranks #32 of 103 in its category — the second (Q2) quartile.

Over the trailing 3-year window, JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units has delivered a CAGR of 4.74% — +2.48 pp ahead of the Ultra Short Duration Fund category average of 2.26%. The fund ranks #25 of 95 in its category — the second (Q2) quartile.

Over the trailing 5-year window, JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units has delivered a CAGR of 6.37% — +4.35 pp ahead of the Ultra Short Duration Fund category average of 2.02%. The fund ranks #9 of 89 in its category — the top (Q1) quartile.

₹1 lakh invested in JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units exactly 5 years ago would be worth approximately ₹136,194 today — a multiplier of 1.36×, based on the 5-year CAGR of 6.37%. The category average over the same window would have grown ₹1 lakh to ₹110,527.

A ₹10,000 monthly SIP in JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units over the last 5 years — total invested ₹600,000 — would be worth ₹687,234 today. That's an XIRR (money-weighted annualised return) of 5.36%.

JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,046,963 — XIRR 6.19%.

On a 5-year basis, JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units ranks #9 out of 89 funds in the Ultra Short Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 2.02%; this fund delivered 6.37%.

The worst peak-to-trough decline JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units has experienced over the last 5-year window is 5.50% — 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 Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units averaged 7.51% (best 8.95%, worst 5.90%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.08 — negative risk-adjusted performance.

In calendar year 2019, JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units returned -1.71% — lagging the Ultra Short Duration Fund category average of 1.58% by 3.29 pp. It ranked #64 of 72 in its category that year.

JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units 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 Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units 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: 5.5%. 5-year CAGR: 6.37%.

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

JM Ultra Short Duration Fund (Direct) - Bonus Option - Principal Units

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Ultra Short Duration Fund

Recent NAVs

Frequently asked questions

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