JM Equity Fund

JM Equity Fund is being managed by Sanjay Chhabaria. 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 Equity fund invest your money?

JM Equity Fund is a large cap fund which means most of your money is invested in stocks of large sized companies. Its equity portion has about 97% allocation in stocks of large cap companies and 2% allocation in stocks of mid cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies.

 

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth
  • Lifestyle needs
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment.
Not Recommended
How has JM Equity fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Apr 1995, your value of investments would be around Rs 3.26 lakhs. If you had invested Rs 1 lakh five years back your value of investments would have sadly dropped to Rs 71,779. Performance has been worse than other funds in the same category.

Assume you had invested Rs 10,000 every month in JM Equity Fund through SIP for the last 5 years today you would have around Rs 6.45 lakhs.

What charges apply?

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 No exit load applies for units withdrawn post one year.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 Equity 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 a mutual fund are absolutely tax free, provided you did not withdraw within 1 year. JM Equity Fund does not qualify for sec 80C ELSS benefits.

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