Investment Objective and Approach

The Investment Objective is to generate stable long term returns with low risk strategy and capital appreciation/accretion through investment in debt instruments and related securities besides preservation of capital. The fund follows a strategic approach of Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 4 - 7 years.

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Key investment highlights:

- This scheme was made available to investors on 15 Sep 1994

- The AUM of JM Medium to Long Duration Fund is ₹27.5 Cr as of December 2024

- The fund has an expense ratio of 1.05 for the regular plan as of May 2025

- The minimum investment required to start investing in JM Medium to Long Duration Fund is ₹1,000 for the lump sum option and ₹100 for the SIP (Systematic Investment Plan) option.

Fund Managers

Vikas Agarwal is the Current Fund Manager of JM Medium to Long Duration Fund Direct Growth fund. The fund management team brings extensive experience in debt market operations and fixed income securities.

The fund manager's educational background includes B.Com (H) from N.M College of Commerce, DPCM from ICFAI and MMS (Finance) from K.J. Somaiya Institute of Management Studies and Research.

Prior professional experience includes working with several reputed financial institutions: Prior to joining JM Financial Asset Management Limited he has worked with Barclays Securities India Private Ltd,Peerless Funds Management Co. Limited, LIC Nomura Mutual Fund AMC, Daiwa Asset Management (India) Pvt. Ltd., SBI Funds Management Pvt Ltd., IL&FS Investsmart Ltd. and Darashaw & Co. Pvt. Ltd.

About the Fund House (AMC)

JM Financial Mutual Fund is one of the first privately operated mutual funds company, which commenced its operations back in 1993-94. It is a subsidiary of the much older JM Financial Group, which has a rich pedigree and long standing in the financial services sector of India.

Key facts about JM Financial Mutual Fund:

- 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.

The group's historical foundation dates back to The first financial company under the group, JM Financial & Investment Consultancy Services, opened its gates on 15 September 1973. The mother company's origins can be traced back to the first decade of Indian independence, when the group's founder, the Kampani family, started taking an interest in the then embryonic capital funds market.

Should I Invest in JM Medium to Long Duration Fund?

This fund may be suitable for investors with specific risk and return expectations. Based on performance data, Over the past five years, JM Medium to Long Duration Fund has delivered an annualised return of 5.47% as of 22-May-2025.

However, investment experts suggest caution with this category. Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor's portfolio. We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns.

Consider this fund if you:

- Have a medium to long-term investment horizon (4-7 years)

- Seek stable returns with moderate interest rate risk

- Want exposure to government and corporate debt securities

- Are comfortable with some volatility in exchange for potentially higher returns than short-duration funds

Tax implications: If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate. Sold within 2 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate. Sold after 2 years from the date of investment: Gains are taxed at the rate of 12.5%.

FAQs

What is today's NAV of JM Medium to Long Duration Fund?

The NAV varies daily based on market conditions. You can check the latest NAV on the Allvest platform or the fund house website for real-time updates.

What is the AUM of JM Medium to Long Duration Fund?

The AUM of JM Medium to Long Duration Fund is ₹27.5 Cr as of December 2024, indicating it's a relatively smaller fund in terms of assets.

What is the expense ratio of JM Medium to Long Duration Fund?

The fund has an expense ratio of 1.05 for the regular plan, while the direct plan typically has a lower expense ratio.

What are the returns of JM Medium to Long Duration Fund since inception?

JM Medium to Long Duration Fund Direct-Growth scheme return performance in last 1 year is 10.03%, in last 3 years is 26.64% and 102.97% since scheme launch. Performance varies between regular and direct plans.

What is the minimum SIP amount to invest in JM Medium to Long Duration Fund?

The minimum SIP amount to invest in this scheme is ₹100. This makes it accessible for small investors to start their investment journey.

How do I invest in JM Medium to Long Duration Fund?

You can easily invest through Allvest's platform by completing your KYC, selecting the fund, choosing between SIP or lump sum, and making your investment online.

How to start a SIP in JM Medium to Long Duration Fund?

On Allvest, log in to your account, search for JM Medium to Long Duration Fund, select SIP option, choose your investment amount and frequency, and set up auto-debit instructions.

How do I automate an SIP in JM Medium to Long Duration Fund?

After setting up your SIP on Allvest, enable auto-debit from your bank account. The platform will automatically deduct the specified amount on your chosen dates.

How can I withdraw/redeem my investment in JM Medium to Long Duration Fund?

You can redeem your investment through Allvest by logging into your account, selecting the fund, choosing partial or full redemption, and submitting your request. Funds are typically credited within 2-3 working days.