About JM Ultra Short Duration Fund Direct Plan-Growth
JM Ultra Short Duration Fund Direct Plan-Growth is a Debt
mutual fund scheme from JM Financial Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Vikas Agrawal
. It has an AUM of ₹55.38 Crores and the latest NAV decalared is ₹26.067 as on 18 Oct 2019 at 9:25 pm.
JM Ultra Short Duration Fund Direct Plan-Growth scheme return performance in last 1 year is 1.39%, in last 3 years is 16.00% and 63.37% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.