MonitorDirect · GrowthWatch before adding
JM Ultra Short to Short Term Fund
JM Financial Mutual FundIncome/Debt Oriented Schemes - Ultra Short to Short Term Fund8.4 years
- NAV
- 41.213
- 30 Oct 2026
- 1Y
- +5.8%
- Trailing CAGR
- AUM
- ₹236.04 Cr
- 30 Sept 2026
- Volatility
- Medium
- 8.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Axis Ultra Short to Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
8.4 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.41% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -15.0%. Ask whether you can hold through a similar fall.
Vs category
Fail
20% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 51.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.8%
- 3Y+7.1%
- 5Y+6.5%
- 10Yn/a
- SI+6.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.8%
- 3Y+6.7%
- 5Y+6.8%
- 10Yn/a
- Since inception
- +6.1%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +20%
- Windows beating the median
- 3Y percentile
- 32
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.4%
- 1319 daily-ending windows
- Median rolling 3Y
- +6.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 833 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -15.0%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +28%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 110 recovered episodes
- Longest recovery
- 251 days
- Trough to prior peak
10 May 2019 – 6 Jul 2020
Trough 29 Oct 2019 · recovered in 251 days
-15.0%
2 May 2022 – 6 Jun 2022
Trough 6 May 2022 · recovered in 31 days
-0.4%
29 Jan 2019 – 11 Feb 2019
Trough 1 Feb 2019 · recovered in 10 days
-0.2%
11 May 2026 – 1 Jun 2026
Trough 21 May 2026 · recovered in 11 days
-0.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
32
Vs category
50
Consistency
21
Risk-adjusted
28
Drawdown
63
Mean
39
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 36 holdings · top 10 are 51.3%.
- Top 5
- 34.4%
- Top 10
- 51.3%
- Largest holding
- 8.3%
- Effective holdings
- 25.0
CANARA BANK CD 29JAN27
Financial
8.3%
INDIAN BANK CD 05FEB27
Financial
7.4%
PUNJAB NATIONAL BANK CD 04MAR27
Financial
7.0%
Union Bank of India (16/03/2027) ** #
Financial
7.0%
Power Finance Corporation Ltd SR-155 Bonds 7.23 05/01/2027
Financial
4.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Ultra Short to Short Term Fund
Axis Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.7%
- Max DD
- -1.5%
- Sharpe
- 2.52
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HSBC Ultra Short to Short Term Fund
HSBC Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.7%
- Vol
- 0.8%
- Max DD
- -0.2%
- Sharpe
- 2.14
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
LIC MF Ultra Short to Short Term fund
LIC Mutual Fund
- 1Y
- +6.0%
- 3Y
- +7.3%
- Vol
- 2.0%
- Max DD
- -6.2%
- Sharpe
- 0.65
- 3Y win
- +36%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mahindra Manulife Ultra Short to Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.6%
- Max DD
- -1.0%
- Sharpe
- 1.57
- 3Y win
- +77%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Nippon India Ultra Short to Short Term Fund
Nippon India Mutual Fund
- 1Y
- +6.0%
- 3Y
- +7.3%
- Vol
- 0.9%
- Max DD
- -2.0%
- Sharpe
- 1.94
- 3Y win
- +67%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns