JM Core 11 Fund

JM Core 11 Fund is being managed by Asit Bhandarkar. The fund invests in a highly concentrated portfolio of 11 stocks. Fund manager’s wrong bets can cost you dear. Its 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 Core 11 Fund invest your money?

JM Core 11 Fund is a large cap fund which invests in stocks of 11 large listed companies. Portfolio is rebalanced every fortnight. Large cap companies tend to be stable compared to mid cap and small cap companies. Yet for want of kicker returns mid caps are totally avoided. JM Core 11 has 89% allocation in stocks of large cap companies and close to 9%allocation in stocks of mid cap companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
Not suitable for what?
  • Creating wealth
  • Lifestyle needs
  • Short term needs
How has JM Core 11 Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Mar 2008, your value of investments would have sadly dropped to Rs 36000. 

Assume you had invested Rs 10,000 every month in JM Core 11 Fund through SIP for the last 5 years today you would have had just around Rs 4.61 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 No exit load applies for units withdrawn post one year.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 Core 11 Fund is 2.88%. 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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