JM Aggressive Hybrid Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
145.23-0.20%
- Growth - Direct
- IDCW Half Yearly - Regular
- IDCW Half Yearly - Direct
- IDCW Yearly - Regular
- IDCW Yearly - Direct
- Bonus - Regular
- Bonus - Direct
- Quarterly Bonus - Direct
- Half Yearly Bonus - Direct
- Quarterly Bonus - Regular
- Half Yearly Bonus - Regular
- IDCW Quarterly - Regular
- IDCW Quarterly - Direct
- IDCW Monthly - Regular
- IDCW Monthly - Direct
- Annual Bonus - Regular
- Annual Bonus - Direct
- IDCW - Direct
- Growth - Direct
- Growth - Regular
- IDCW - Regular
(Earn upto 1.75% Extra Returns with Direct Plan)
- Growth - Direct
Fund Category:
Hybrid: Aggressive Hybrid
Expense Ratio:
0.57%(0.82% Category
average)Fund Size:
Rs. 486.95 Cr(0.20% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
JM Aggressive Hybrid Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
145.23-0.20%
Expense Ratio:
0.57%
Fund Size:
Rs. 486.95 Cr
Fund Category:
Hybrid: Aggressive Hybrid
1. Current NAV: The Current Net Asset Value of the JM Aggressive Hybrid Fund - Direct Plan as of Aug 29, 2024 is Rs 145.23 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 54.33% (1yr), 26.52% (3yr), 28.22% (5yr) and 16.25% (since launch). Whereas, Category returns for the same time duration are: 32.69% (1yr), 16.07% (3yr) and 18.06% (5yr).
3. Fund Size: The JM Aggressive Hybrid Fund - Direct Plan currently holds Assets under Management worth of Rs 486.95 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.57% for Direct plan as on Aug 21, 2024.
5. Exit Load: JM Aggressive Hybrid Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 60 days."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
JM Aggressive Hybrid Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.42 11.76 21.73 52.96 26.41 28.26 Category Avg 1.22 10.09 16.07 32.34 16.05 18.18 Rank within Category 24 14 2 1 2 3 No. of funds within Category 47 46 46 44 43 39 - Loading...
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Return Comparison
- This Fund
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JM Aggressive Hybrid Fund Direct-Growth Fund Details
Investment Objective - The scheme aims at steady current income as well as long term growth of capital from a balanced portfolio of debt and equity.
Fund House | JM Financial Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | CRISIL Hybrid 35+65 Aggressive Index |
Return Since Launch | 16.23% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | High |
JM Aggressive Hybrid Fund Direct-Growth Investment Details
Minimum Investment (Rs.) | 1,000.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load Exit load of 1%, if redeemed within 60 days. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 66 58 60 53 49 51 Top 5 Company Holdings 16.62% 20.14% 16.27% 17.9% 21.21% 17.55% Top 10 Company Holdings 28.44% 31.94% 29.23% 31.68% 35.12% 31.3% Company with Highest Exposure GOI (4.78%) GOI (6.03%) GOI (4.13%) GOI (4.76%) GOI (5.43%) GOI (4.47%) Number of Sectors 14 14 14 13 12 12 Top 3 Sector Holdings 28.7% 29.94% 30.5% 31.47% 34.23% 32.61% Top 5 Sector Holdings 42.7% 43.83% 43.14% 45.3% 47.85% 48.71% Sector with Highest Exposure Financial (11.92%) Financial (12.11%) Financial (11.55%) Financial (12.77%) Financial (14.38%) Automobile (12.05%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 3.32 18.27 89.60 3.03 Varun Beverages Consumer Staples 2.92 80.50 18.65 69.76 REC Financial 2.78 11.15 55.59 156.29 Tata Motors Ltd. - DVR Ordinary Automobile 2.73 - - - Larsen & Toubro Construction 2.35 38.15 97.11 35.47 Infosys Technology 2.3 30.28 64.20 36.38 Zomato Services 2.29 - - - ICICI Bank Financial 2.15 18.65 65.91 26.26 Voltas Consumer Discretionary 2.05 126.26 13.81 110.67 Petronet LNG Energy 2.01 13.99 26.26 66.20
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y JM Aggressive Hybrid Fund Direct-Growth 145.23 486.95 1.88 52.32 25.72 28.31 Quant Absolute Fund Direct-Growth 473.06 2,295.21 -1.16 38.33 20.51 28.46 ICICI Prudential Equity & Debt Fund Direct-Growth 418.03 39,090.93 1.49 39.89 24.17 25.04 HDFC Children's Gift Fund Direct Plan 321.30 9,779.92 0.65 29.48 18.41 21.13 SBI Magnum Children's Benefit Fund - Investment Plan Direct - Growth 43.16 2,571.71 0.27 44.34 28.70 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
11.36VS10.04Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.76VS0.78Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.68VS1.17Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
25.13VS15.20Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
11.18VS3.58Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
24.65VS17.25Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
JM Financial Mutual Fund News
- India’s growth potential can easily accommodate existing, new players in MF industry: JM Financial MF
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- Don’t see major shift by investors to FDs from debt MFs: Shalini Tibrewala, JM Financial AMC
- JM Mutual Fund’s equity schemes are giving double-digit returns in last one year. Should you invest?
Fund Manager
- A.B.Asit BhandarkarSince Dec 20216 schemes
- C.C.Chaitanya ChoksiSince Aug 20216 schemes
- G.S.Gurvinder Singh WasanSince Dec 202214 schemes
Mr. Bhandarkar is a B.Com (H) and MMS. Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Large Cap Fund Direct Plan-Growth Large Cap 187.91 331.31 49.08 JM ELSS Tax Saver Fund Direct Plan-Growth ELSS 58.22 173.45 54.56 JM Value Fund Direct Plan-Growth Value Oriented 121.59 985.91 61.22 JM Focused Direct Plan-Growth Flexi Cap 24.37 146.95 48.36 JM Arbitrage Fund Direct-Growth Arbitrage 32.82 162.46 7.89 JM Small Cap Fund Direct - Growth Small Cap 10.69 Unrated 453.79 - Mr. Choksi is a MMS (Finance) and CFA. Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Flexicap Fund Direct Plan-Growth Flexi Cap 121.11 3,855.23 63.67 JM ELSS Tax Saver Fund Direct Plan-Growth ELSS 58.22 173.45 54.56 JM Focused Direct Plan-Growth Flexi Cap 24.37 146.95 48.36 JM Arbitrage Fund Direct-Growth Arbitrage 32.82 162.46 7.89 JM Small Cap Fund Direct - Growth Small Cap 10.69 Unrated 453.79 - JM Midcap Fund Direct - Growth Mid Cap 20.78 Unrated 1,620.33 59.26 Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University. Prior to joining JM Mutual Fund, he has worked with Principal Mutual Fund, Crisil Ltd. and ICICI Bank Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Flexicap Fund Direct Plan-Growth Flexi Cap 121.11 3,855.23 63.67 JM Large Cap Fund Direct Plan-Growth Large Cap 187.91 331.31 49.08 JM Value Fund Direct Plan-Growth Value Oriented 121.59 985.91 61.22 JM ELSS Tax Saver Fund Direct Plan-Growth ELSS 58.22 173.45 54.56 JM Focused Direct Plan-Growth Flexi Cap 24.37 146.95 48.36 JM Low Duration Fund Direct Plan-Growth Low Duration 35.64 259.26 7.51 JM Dynamic Bond Fund Direct-Growth Dynamic Bond 41.25 42.78 8.35 JM Liquid Fund Direct-Growth Liquid 67.96 2,383.92 7.37 JM Overnight Fund Direct - Growth Overnight 1,248.76 221.29 6.75 JM Arbitrage Fund Direct-Growth Arbitrage 32.82 162.46 7.89 JM Short Duration Fund Direct - Growth Short Duration 11.47 134.41 7.68 JM Medium to Long Duration Fund Direct-Growth Medium to Long Duration 64.38 23.83 8.48 JM Small Cap Fund Direct - Growth Small Cap 10.69 Unrated 453.79 - JM Midcap Fund Direct - Growth Mid Cap 20.78 Unrated 1,620.33 59.26
More JM Financial Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
JM Flexicap Fund Direct Plan-Growth | 2,472.06 | 6.31 | 22.44 | 32.32 | 65.60 | 32.50 | |
JM Liquid Fund Direct-Growth | 1,967.13 | 0.60 | 1.85 | 3.71 | 7.32 | 5.77 | |
JM Midcap Fund Direct - Growth | 1,054.77 | 6.12 | 29.88 | 33.24 | 71.34 | - | |
JM Value Fund Direct Plan-Growth | 733.51 | 5.81 | 21.36 | 27.15 | 65.73 | 31.65 | |
JM Aggressive Hybrid Fund Direct-Growth | 305.67 | 5.60 | 18.59 | 27.68 | 58.90 | 26.24 | |
JM Low Duration Fund Direct Plan-Growth | 262.06 | 0.67 | 1.95 | 3.83 | 7.28 | 5.73 | |
JM Large Cap Fund Direct Plan-Growth | 191.85 | 4.99 | 12.74 | 20.70 | 46.94 | 22.84 | |
JM Overnight Fund Direct - Growth | 153.75 | 0.55 | 1.65 | 3.32 | 6.77 | 5.39 | |
JM Arbitrage Fund Direct-Growth | 150.35 | 0.69 | 2.04 | 4.19 | 8.17 | 5.90 | |
JM ELSS Tax Saver Fund Direct Plan-Growth | 146.14 | 6.59 | 22.60 | 26.76 | 50.07 | 25.41 |
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1. JM Aggressive Hybrid Fund - Direct Plan is Open-ended Aggressive Hybrid Hybrid scheme which belongs to JM Financial Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims at steady current income as well as long term growth of capital from a balanced portfolio of debt and equity. "
2. It is benchmarked against CRISIL Hybrid 35+65 Aggressive Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 75.93% in equities, 18.76% in debts and 5.31% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 24.9% of the assets, the top 3 sectors constitute around 28.7% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on JM Aggressive Hybrid Fund Direct-Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about JM Aggressive Hybrid Fund Direct-Growth
- Is it safe to invest in JM Aggressive Hybrid Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the JM Aggressive Hybrid Fund - Direct Plan comes under Very High risk category.
- What is the category of JM Aggressive Hybrid Fund - Direct Plan?JM Aggressive Hybrid Fund - Direct Plan belongs to the Hybrid : Aggressive Hybrid category of funds.
- How Long should I Invest in JM Aggressive Hybrid Fund - Direct Plan?The suggested investment horizon of investing into JM Aggressive Hybrid Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the JM Aggressive Hybrid Fund - Direct Plan?The JM Aggressive Hybrid Fund - Direct Plan is managed by Asit Bhandarkar (Since Dec 28, 2021) , Chaitanya Choksi (Since Aug 20, 2021) and Gurvinder Singh Wasan (Since Dec 01, 2022).
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