Investment Objective and Approach

The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. Overnight funds invest in bonds having a maturity of just one day. The fund follows a conservative investment strategy focusing on capital preservation and liquidity.

The fund's investment approach centers on:

- Primary Investment: Overnight securities with 1-day maturity

- Risk Management: Maintaining low credit and interest rate risk through ultra-short duration holdings

- Liquidity Focus: Ensuring high liquidity for investor redemptions

- Capital Preservation: Prioritizing safety of principal over aggressive returns

They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

Fund Managers

The JM Overnight Fund is currently managed by Killol Pandya, who serves as the primary fund manager for debt schemes at JM Financial Mutual Fund. Killol Pandya will now serve as their fund manager, and Naghma Khoja and Ruchi Fozdar will be co-managing along with him.

Killol Pandya - Primary Fund Manager

- Exp: 12yrs of experience in fund management

- AUM: ₹3,871.32 Cr managed across various debt schemes

- Specializes in debt and fixed income securities management

- Oversees multiple overnight and liquid fund schemes

The fund management team brings extensive expertise in debt market operations, credit analysis, and portfolio management, ensuring professional oversight of investor assets.

About the Fund House (AMC)

JM Financial Asset Management Limited is the investment management arm of the established JM Financial Group. JM Financial Mutual Fund is one of the first privately operated mutual funds company, which commenced its operations back in 1993-94. JM Financial Mutual Fund was established on June 09, 1994 as a Trust sponsored by JM Financial Limited. It was in September 1994 when JM Financial Asset Management Limited, got a green signal from SEBI to commence its mutual fund business and operations as JM Financial Mutual Fund.

Key Highlights of the AMC:

- Legacy: Over 30 years of experience in financial services

- AUM: As of March 2024, they manage assets worth Rs. 5819.13 Crore spread across 74 schemes.

- Leadership: Currently, Mr. Amitabh Mohanty is the Managing Director & CEO of JM Financial Mutual Fund.

- Investment Expertise: Mr. Satish Ramanathan is the CIO (Chief Investment Officer) of JM Financial Mutual Fund.

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. The parent group's strong financial foundation and market reputation provide institutional strength to the mutual fund operations.

Should I Invest in JM Overnight Fund?

JM Overnight Fund is suitable for investors seeking:

Ideal For:

- Emergency Fund Parking: You may invest in these funds the money that you have set aside to meet any emergency needs

- Short-term Surplus: Investors with idle money requiring better returns than savings accounts

- Conservative Investors: Those prioritizing capital safety over high returns

- Liquidity Requirements: Investors needing quick access to funds

Key Investment Considerations:

- Risk Level: The riskometer level of JM Overnight Fund - Regular Plan is Low. As per SEBI's Riskometer.

- Return Expectation: Remember, these funds are geared to deliver only marginally higher returns than your bank account.

- Investment Horizon: Best suited for very short-term investment needs (days to months)

- Minimum Investment: Minimum Investment Amount: Lump sum minimum amount for JM Overnight Fund is ₹1,000 and for SIP, it is ₹100.

Current Fund Metrics (as of recent data):

- AUM: The AUM of JM Overnight Fund - Regular Plan Fund is ₹341 Cr as of 31-Dec-2024

- Portfolio Allocation: As of 31-Dec-2024, JM Overnight Fund - Regular Plan had invested 85.32% in Cash & Cash Eq. and 14.68% in Debt

The fund is particularly suitable for investors who want to earn slightly better returns than traditional savings accounts while maintaining high liquidity and minimal risk exposure.

FAQs

What is today's NAV of JM Overnight Fund?

The NAV of JM Overnight Fund - Regular Plan is ₹1,274.2782 as of 13-Jan-2025. NAV is updated daily and reflects the current value of fund units.

What is the AUM of JM Overnight Fund?

The AUM of JM Overnight Fund - Regular Plan Fund is ₹341 Cr as of 31-Dec-2024, indicating the total assets managed by the fund across all investor holdings.

What is the expense ratio of JM Overnight Fund?

The expense ratio information varies by plan type. For Direct plans, overnight funds typically have lower expense ratios compared to Regular plans due to no distributor commissions.

What are the returns of JM Overnight Fund since inception?

Return since Launch · 4.94% for the Direct Growth plan. Overnight funds provide modest returns consistent with their low-risk profile and short maturity investments.

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

Minimum Investment Amount: Lump sum minimum amount for JM Overnight Fund is ₹1,000 and for SIP, it is ₹100. This makes it accessible for small investors.

How do I invest in JM Overnight Fund?

You can invest through Allvest platform, directly from JM Financial Mutual Fund website, or through registered mutual fund distributors. Online investment is the most convenient option.

How to start a SIP in JM Overnight Fund?

Log into your Allvest account, search for JM Overnight Fund, select SIP option, choose amount (minimum ₹100), set frequency and start date. Complete the mandate setup for automatic deductions.

How do I automate an SIP in JM Overnight Fund?

Set up an auto-debit mandate through Allvest platform by providing bank account details and authorization. Once approved, SIP installments will be automatically deducted on scheduled dates.

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

You can redeem through Allvest platform, AMC website, or by submitting redemption forms. Exit Load · Nil means no exit charges apply, providing complete liquidity for your investment.