JM Core 11 Fund - Growth
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|Fund Type||Focused Fund|
|Exit Load||1% for 60 Days|
More about this fund
|Bajaj Finance Ltd||9.37%|
|Maruti Suzuki India Ltd||9.17%|
|Titan Co Ltd||9.11%|
|Asian Paints Ltd||9.1%|
|HDFC Bank Ltd||9%|
|Petronet LNG Ltd||8.9%|
|Axis Bank Ltd||8.85%|
|Tech Mahindra Ltd||8.71%|
|Shree Cement Ltd||8.64%|
About JM Core 11 Fund
JM Core 11 Fund is an open-ended scheme that invests in equity and equity-related securities. However, as the name suggests, the fund will invest in stocks of only 11 companies irrespective of the sector or the market capitalisation. The scheme aims to achieve long-term capital appreciation and regular income.
Pros & Cons of JM Core 11 Fund
JM Core 11 Fund offers the following benefits: 1. The fund enables investors to achieve focused investments in select companies. 2. The fund house rebalances the portfolio on a fortnightly basis and reviews the same on a half-yearly basis to prevent stagnation. 3. It is worth noting that Asset Under Management are less than 500 crores.
Fund Information and Statistics of JM Core 11 Fund
i) Inception / Launch date
The JM Core 11 Fund was launched on March 5, 2008, by JM Financial Mutual Fund.
ii) Risk level
JM Core 11 Fund is a high-risk bet and suitable for investors who want capital appreciation by exposing their investments to focussed equities across different market caps and sectors.
Redemption of Units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
iv) Fund Manager
The JM Core 11 Fund is jointly managed by Asit Bhandarkar since February 2009 and Chaitanya Choksi since July 2014.
v) Entry / Exit load
The fund house does not charge any entry load but charges 1% exit load if redeemed within 60 days from the date of allotment. There is no exit load if redeemed after 60 days.
Tax benefits of investing in JM Core 11 Fund
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains , in excess of Rs 1 lakh, are taxed at 10% without indexation if redeemed after one year. 10% tax will be deducted at source for dividends.
About JM Financial Mutual Fund
JM Financial Mutual Fund began operations in the year 1993-94 and was one of the first private sector mutual funds in the country. Part of the JM Financial group, it operates on the strong principles of innovation, integrity, teamwork, performance, and client focus. The fund house strives to become a trusted partner for investors and help them create wealth.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns