JM Multi Strategy Fund

JM Multi Strategy Fund is being managed by Sanjay Chhabaria since February 2009. This fund’s performance has been pathetic, like that of most other funds from this fund house. 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 Multi Strategy Fund invest your money?

JM Multi Strategy Fund is a multi cap fund which means your money can be invested in stocks across different market capitalizations. Presently it has about 87% allocation in stocks of large cap companies and a 11% 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
  • Short term needs
How has JM Multi Strategy Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Sep 2008, your value of investments would be around Rs 1.26 lakhs. Its performance has been worse than that of the average funds belonging to the same category. 

Assume you had invested Rs 10,000 every month in JM Multi Strategy Fund through SIP for the last 5 years today you would sadly have had around Rs 5.23 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 No exit load applies for units withdrawn post one year.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 Multi Strategy 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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