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JM Liquid Fund - NAV, Performance, Returns & Investment Guide 2024

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Learn about JM Liquid Fund - latest NAV, AUM, expense ratio, returns since inception, investment objective & fund manager details. Start investing with minimum SIP of ₹100.

Investment Objective and Approach

JM Liquid Fund seeks to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market securities with maturity of up to 91 days only. The fund's investment approach involves investment in debt and money market securities with maturity of up to 91 days only. This makes it an ideal parking space for surplus funds that investors may need in the short term.

The fund focuses on maintaining high liquidity while generating reasonable returns through short-term debt instruments. Being a liquid fund, it aims to provide better returns than traditional savings accounts while maintaining capital preservation as the primary objective. Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year.

Fund Managers

Shalini Tibrewala is the current Fund Manager of JM Liquid Fund Direct Growth fund. The fund is also managed by Gurvinder Wasan (Since 4 months), Naghma Khoja (Since almost 3 years), and Ruchi Fozdar (Since 4 months) as of August 2024.

Shalini Tibrewala brings significant experience to the fund management. Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund. Ms. Ruchi is a graduate in science and PGDBM in finance.

About the Fund House (AMC)

JM Financial Mutual Fund is managed by JM Financial Ltd. The firm JM Financial Asset Management Ltd. (previously known as JM Financial Asset Management Private Limited) was established on June 9, 1994. On November 1, 1994, JM Financial Asset Management Ltd. assumed the role of the asset management company for JM Financial Mutual Fund.

One of the oldest private sector mutual funds in India, it reported assets under management (AUM) amounting to Rs. 4583 crores as of December 2023. JM Financial Mutual Fund offers 16 schemes across different categories and has an AUM of ₹5,841 crore.

Currently, Mr. Amitabh Mohanty is the Managing Director & CEO of JM Financial Mutual Fund. Mr. Satish Ramanathan is the CIO (Chief Investment Officer) of JM Financial Mutual Fund.

The fund house has a rich heritage in the financial services sector. JM Financial Ltd started its journey on a high, simultaneously launching three funds, namely, JM Equity Fund, JM Liquid Fund (later renamed JM Income Fund), and JM Balanced Fund. These would go on to become the building blocks for a diverse portfolio of funds that JM Financial would launch swiftly in the next decades.

Should I Invest in JM Liquid Fund?

JM Liquid Fund can be suitable for specific investor needs and situations:

Consider if you:

- Need a safe parking space for emergency funds

- Have surplus money for short-term periods (few weeks to a year)

- Want better returns than savings accounts without taking significant risk

- Require high liquidity with minimal exit restrictions

Key Fund Metrics:

- AUM of ₹2664.40 Crores as of 24-Jul-25

- Expense ratio of 0.26%

- CAGR of 7.40% since inception

- Five-year annualised return of 5.50% as of 25-Jul-2025

- Minimum SIP amount of ₹100

Risk Considerations:

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses. These funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

The fund is rated as Low to Moderate risk, making it appropriate for conservative investors seeking capital preservation with modest returns.

FAQs

What is today's NAV of JM Liquid Fund?

The latest declared NAV of JM Liquid Fund is ₹71.5178 as of 25-Jul-2025. NAV changes daily based on the underlying portfolio performance.

What is the AUM of JM Liquid Fund?

As of 24-Jul-25, JM Liquid Fund has an AUM of ₹2664.40 Crores. This indicates the total value of assets managed by the fund.

What is the expense ratio of JM Liquid Fund?

The expense ratio of JM Liquid Fund is 0.26%, which is reasonable for a liquid fund and helps in maximizing returns to investors.

What are the returns of JM Liquid Fund since inception?

JM Liquid Fund has delivered a CAGR of 7.40% since inception. Past performance doesn't guarantee future returns and investments are subject to market risks.

What is the minimum SIP amount to invest in JM Liquid Fund?

The minimum SIP amount for JM Liquid Fund is ₹100. For lump sum investments, the minimum amount is ₹1,000.

How do I invest in JM Liquid Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing investment amount and payment mode. Alternatively, invest through fund house website or authorized distributors.

How to start a SIP in JM Liquid Fund?

Login to Allvest, search for JM Liquid Fund, select SIP option, enter monthly amount (minimum ₹100), choose SIP date, and complete the payment setup.

How do I automate an SIP in JM Liquid Fund?

Set up auto-debit mandate with Allvest during SIP registration. This allows automatic monthly deductions from your bank account for seamless investing.

How can I withdraw/redeem my investment in JM Liquid Fund?

Access your Allvest account, go to portfolio section, select JM Liquid Fund, choose redemption amount, and submit request. Funds typically get credited within 1-2 business days.