JM Basic Fund

JM Basic Fund is being managed by Asit Bhandarkar, since December, 2006. This fund’s performance has been below the category average in most periods. If you have invested in this fund, exit now to invest in a better performing fund. If you are a new investor you can safely skip this one.

Where does JM Basic Fund invest your money?

JM Basic Fund is a large cap basic industries sector fund which means most of your money is invested in stocks of large companies belonging to energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, financial services, metals and building material. Its equity portion has about 81% allocation in stocks of large cap companies, 18% allocation in stocks of mid cap companies and remaining to small cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Buying house
How has JM Basic Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in June 1997, your value of investments would be just around Rs 1.35 lakhs. If you had invested Rs 1 lakh five years back the value of your investments would have sadly dropped to Rs 44340. 

Assume you had invested Rs 10,000 every month in JM Basic Fund through SIP for the last 5 years today you would just have around Rs 5.5 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of JM Basic Fund is 2.76%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year.

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