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JM Overnight Fund - (Direct) - Growth
★★★★★ monitor_heart Health Score: 66/100 · GoodJM Financial Mutual Fund · Debt · Overnight Fund
₹1,386.98
AUM: ₹279 Cr
NAV updated about 2 months ago
Plan
Direct
Option
Growth
Risk
Low
Expense Ratio
1.45%
Exit Load
Exit load of 1%, if redeemed within 30 days.
Fund Manager
Asit Bhandarkar, Chaitanya Choksi
Inception
Jan 2013
Benchmark
BSE 500 Total Return Index
Sharpe Ratio
-45.18
Std Dev (1Y)
0.06%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-4.64%
3m
+3.98%
6m
-4.98%
1y
-2.66%
3y
+14.87%
5y
+14.07%
10y
+13.64%
since inception
+113.02%
rate_review TopFund's Take on JM Overnight Fund - (Direct) - Growth
JM Overnight Fund - (Direct) - Growth holds up reasonably well within the Overnight Fund category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 66/100.
Cost: At 1.45%, the expense ratio runs 590% above the Overnight Fund category average of 0.21%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -45.18 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.06% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about JM Overnight Fund - (Direct) - Growth
The current NAV (Net Asset Value) of JM Overnight Fund - (Direct) - Growth is ₹1386.98. NAV is updated every business day after market close by AMFI.
1Y: -2.66% · 3Y CAGR: 14.87% · 5Y CAGR: 14.07%
The expense ratio is 1.45% per annum — the annual fee deducted from your investment to cover fund management costs.
JM Overnight Fund - (Direct) - Growth is managed by Asit Bhandarkar, Chaitanya Choksi at JM Financial Mutual Fund.
JM Overnight Fund - (Direct) - Growth is a Low risk fund. Suitable for investors with a moderate risk appetite.
JM Overnight Fund - (Direct) - Growth is a Overnight Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of JM Overnight Fund - (Direct) - Growth is ₹280 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.