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 ₹53.18 Crores and the latest NAV decalared is ₹25.619 as on 06 Dec 2019 at 8:40 pm.
JM Ultra Short Duration Fund Direct Plan-Growth scheme return performance in last 1 year is -1.45%, in last 3 years is 12.50% and 60.56% 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.