JM Finance Mutual Fund Schemes and Its Returns

JM Finance Mutual Fund Schemes and Its Returns Details

JM Finance Increases Its Returns In One Year

JM Finance mutual fund is the first private sector mutual fund in India. The Asset management company of JM Finance is sponsored by JM mutual fund. It offers different types of schemes to all categories of investors. As of the reports, JM finance mutual fund schemes in the equity category provide double-digit returns in the last fiscal. It had launched JM Tax Gain Fund, JM Value Fund, JM Multicap & JM Core 11 fund. Those funds offer double-digit returns ranging between 18 percent to 25 percent in one year.

JM Tax Gain Fund provides 25% returns in the last year. At the same time, the JM Valued fund, JM Multicap, and Core 11 fund offers 18%, 24%, and 23 percent returns with respectively.

Before that, JM finance is in the least position. Now, the investment experts felt that this fund house will be back to its previous position.

The JM schemes largely invest in blue-chip stocks such as Bajaj Finance, HDFC Bank, Maruthi Suzuki India, Asian Paints, and ITC. These companies perform well in the market. As of the result, JM provides double-digit returns in one year.

According to the reports, investment advisors and distributors are not willing to invest in JM finance AMC. Because still, they did not trace the performance of JM finance schemes. Moreover, they did not interact with this AMC.

Sandip Sabharwal worked as Chief investment officer at JM Finance AMC. He had left from JM AMC in 2008. Later, investment advisers stopped to track the Performance of JM MF schemes. Still, it was not available for discussing, said a source.

Fund advisors said that there is a reason behind the ignorance of JM MF schemes. JM offers a few small schemes which is one of the reasons behind the ignorance, said by an investment expert. 

In terms of assets under management, JM Tax Gain fund manages AUM the worth of Rs 33 crore while Multicap, Core 11, and Value Funds manage 139cr, 53 crore, and 124 crores respectively.

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