JM Liquid Fund Direct Growth
Capital PreservationLiquidLow to Moderate Risk
Direct
NAV (04-Mar-26)
Returns (Since Inception)
Fund Overview
Fund Size
₹2,703 Cr
Expense Ratio
0.16%
ISIN
INF192K01CM6
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 04-Mar-26, it has a Net Asset Value (NAV) of ₹74.86, Assets Under Management (AUM) of 2702.86 Crores, and an expense ratio of 0.16%.
- JM Liquid Fund Direct Growth has given a CAGR return of 6.84% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.70% in cash & cash equivalents.
- You can start investing in JM Liquid Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+6.30%
+5.81% (Cat Avg.)
3 Years
+6.94%
+6.48% (Cat Avg.)
5 Years
+5.94%
+5.52% (Cat Avg.)
10 Years
+6.17%
+5.23% (Cat Avg.)
Since Inception
+6.84%
— (Cat Avg.)
Portfolio Summaryas of 15th February 2026
| Others | ₹2,702.86 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Export Import Bank Of India | Cash - Commercial Paper | ₹149.43 Cr | 5.48% |
| 08/05/2026 Maturing 182 DTB | Bond - Gov't/Treasury | ₹113.67 Cr | 4.17% |
| Indian Bank | Cash - CD/Time Deposit | ₹104.6 Cr | 3.84% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹99.78 Cr | 3.66% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹99.76 Cr | 3.66% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹99.71 Cr | 3.66% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹99.61 Cr | 3.65% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹99.6 Cr | 3.65% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹99.43 Cr | 3.65% |
| Indian Bank | Bond - Gov't Agency Debt | ₹98.41 Cr | 3.61% |
| Ccil | Cash - Repurchase Agreement | ₹87.75 Cr | 3.22% |
| 05/03/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹74.84 Cr | 2.75% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹74.62 Cr | 2.74% |
| Punjab National Bank (18/03/2026) | Cash - CD/Time Deposit | ₹67.68 Cr | 2.48% |
| Tbill | Bond - Gov't/Treasury | ₹66.31 Cr | 2.43% |
| Kotak Securities Ltd. | Cash - Commercial Paper | ₹49.97 Cr | 1.83% |
| Canara Bank | Cash - CD/Time Deposit | ₹49.92 Cr | 1.83% |
| 12/03/2026 Maturing 182 DTB | Bond - Gov't/Treasury | ₹49.85 Cr | 1.83% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹49.83 Cr | 1.83% |
| LIC Housing Finance Ltd | Cash - Commercial Paper | ₹49.81 Cr | 1.83% |
| 19/03/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹49.8 Cr | 1.83% |
| Godrej Agrovet Ltd. | Cash - Commercial Paper | ₹49.79 Cr | 1.83% |
| Bajaj Financial Securities Limited | Cash - Commercial Paper | ₹49.79 Cr | 1.83% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.76 Cr | 1.83% |
| Bajaj Finance Ltd. | Cash - Commercial Paper | ₹49.76 Cr | 1.83% |
| HDB Financial Services Ltd. | Cash - Commercial Paper | ₹49.72 Cr | 1.82% |
| One Prime Ltd | Cash - Commercial Paper | ₹49.71 Cr | 1.82% |
| Aditya Birla Money Ltd | Cash - Commercial Paper | ₹49.7 Cr | 1.82% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹49.68 Cr | 1.82% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹49.59 Cr | 1.82% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.38 Cr | 1.81% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹49.25 Cr | 1.81% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹49.25 Cr | 1.81% |
| Canara Bank | Bond - Gov't Agency Debt | ₹49.25 Cr | 1.81% |
| Aditya Birla Housing Finance Ltd. | Cash - Commercial Paper | ₹49.24 Cr | 1.81% |
| Reliance Retail Ventures Limited | Cash - Commercial Paper | ₹49.18 Cr | 1.80% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹49.14 Cr | 1.80% |
| 26/02/2026 Maturing 91 DTB | Bond - Gov't/Treasury | ₹48.93 Cr | 1.80% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹44.33 Cr | 1.63% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹25.03 Cr | 0.92% |
| 26/03/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹24.88 Cr | 0.91% |
| Canara Bank | Cash - CD/Time Deposit | ₹19.95 Cr | 0.73% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹10 Cr | 0.37% |
| Cholamandalam Investment And Finance Company Limited | Cash - Commercial Paper | ₹10 Cr | 0.37% |
| Corporate Debt Market Development Fund - Class A2 Units | Mutual Fund - Unspecified | ₹8.21 Cr | 0.30% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹5 Cr | 0.18% |
| Net Receivable/Payable | Cash | ₹2.35 Cr | 0.09% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Commercial Paper | ₹903.92 Cr | 33.17% |
| Cash - CD/Time Deposit | ₹899.47 Cr | 33.01% |
| Bond - Gov't/Treasury | ₹428.28 Cr | 15.72% |
| Bond - Gov't Agency Debt | ₹271.53 Cr | 9.96% |
| Cash - Repurchase Agreement | ₹87.75 Cr | 3.22% |
| Bond - Corporate Bond | ₹74.36 Cr | 2.73% |
| Bond - Short-term Government Bills | ₹49.38 Cr | 1.81% |
| Mutual Fund - Unspecified | ₹8.21 Cr | 0.30% |
| Cash | ₹2.35 Cr | 0.09% |
Risk & Performance Ratios
Standard Deviation
This fund
0.18%
Cat. avg.
0.31%
Lower the better
Sharpe Ratio
This fund
2.77
Cat. avg.
-0.73
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
6.81
Higher the better
Fund Managers
Killol Pandya
Since November 2024
Ruchi Fozdar
Since April 2024
Jayant Dhoot
Since August 2025
Additional Scheme Detailsas of 15th February 2026
ISIN INF192K01CM6 | Expense Ratio 0.16% | Exit Load No Charges | Fund Size ₹2,703 Cr | Age 13 years 2 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Liquid Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Liquid Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| The Wealth Company Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹720.33 Cr | - |
| Abakkus Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹123.20 Cr | - |
| Abakkus Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹123.20 Cr | - |
| Capitalmind Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹115.41 Cr | - |
| Capitalmind Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹115.41 Cr | - |
| Edelweiss Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.2% | - | ₹108.14 Cr | - |
| The Wealth Company Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹720.33 Cr | - |
| JioBlackRock Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹8788.96 Cr | - |
| Unifi Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹178.51 Cr | - |
| Unifi Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹178.51 Cr | - |
| Angel One Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.3% | - | ₹273.85 Cr | - |
| ICICI Prudential BSE Liquid Rate ETF - Growth Low Risk | 0.3% | - | ₹769.33 Cr | - |
| HDFC Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.5% | - | ₹69.73 Cr | 5.0% |
| Mirae Asset Nifty 1D Rate Liquid ETF Low Risk | 0.2% | - | ₹477.08 Cr | 5.3% |
| Shriram Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹153.51 Cr | 6.0% |
| Shriram Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹153.51 Cr | 5.9% |
| Groww Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹75.07 Cr | 5.1% |
| Bajaj Finserv Nifty 1D Rate Liquid ETF Low Risk | 0.2% | - | ₹566.39 Cr | 5.2% |
| DSP S&P BSE Liquid Rate ETF Low Risk | 0.3% | - | ₹1832.21 Cr | 5.2% |
| HDFC Nifty 1D Rate Liquid ETF Low Risk | 0.5% | - | ₹29.44 Cr | 5.3% |
| Kotak Quarterly Interval Series 12 Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 12 Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 13 Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 13 Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Mirae Asset Cash Management Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹12122.11 Cr | 6.4% |
| LIC MF Liquid Plan Direct Growth Moderate Risk | 0.1% | 0.0% | ₹12352.47 Cr | 6.4% |
| ICICI Prudential Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹52164.97 Cr | 6.4% |
| ITI Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹56.85 Cr | 6.2% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹56.85 Cr | 6.3% |
| Navi Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹68.04 Cr | 5.9% |
| Sundaram Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹6214.71 Cr | 6.4% |
| Bandhan Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹15367.16 Cr | 6.3% |
| Groww Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹169.14 Cr | 6.4% |
| Nippon India Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹25993.84 Cr | 6.4% |
| Union Liquid Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹7388.78 Cr | 6.3% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2702.86 Cr | 6.3% |
| Edelweiss Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹9557.24 Cr | 6.4% |
| Invesco India Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹15883.77 Cr | 6.4% |
| Kotak Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹34234.21 Cr | 6.4% |
| WhiteOak Capital Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹605.70 Cr | 6.3% |
| WhiteOak Capital Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹605.70 Cr | 6.2% |
| Mahindra Manulife Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹1074.37 Cr | 6.3% |
| Mahindra Manulife Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹1074.37 Cr | 6.4% |
| Quantum Liquid Fund Regular Growth Low Risk | 0.3% | 0.0% | ₹583.13 Cr | 5.9% |
| Mirae Asset Cash Management Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹12122.11 Cr | 6.3% |
| Axis Liquid Fund Regular Growth Moderate Risk | 0.2% | 0.0% | ₹39027.92 Cr | 6.3% |
| Bajaj Finserv Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹4360.10 Cr | 6.2% |
| Bajaj Finserv Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹4360.10 Cr | 6.4% |
| SBI Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹59282.02 Cr | 6.2% |
| UTI Liquid Fund Cash Plan Direct Growth Moderate Risk | 0.1% | 0.0% | ₹24939.44 Cr | 6.4% |
About the AMC
JM Financial Mutual Fund
Total AUM
₹13,517 Cr
Address
502, 5th Floor, A - Wing, Mumbai, 400 051
Other Funds by JM Financial Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| JM Large & Mid Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹399.54 Cr | - |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹40.02 Cr | 5.4% |
| JM Small Cap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹627.64 Cr | 6.5% |
| JM Fixed Maturity Fund Series 28 Plan B Direct Growth Moderate Risk | - | 0.0% | - | - |
| JM Fixed Maturity Fund Series 28 Plan A Direct Growth Moderate Risk | - | 0.0% | - | - |
| JM Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹376.20 Cr | 6.5% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹753.46 Cr | 5.4% |
| JM Focused Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹284.03 Cr | 7.7% |
| JM Value Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹884.63 Cr | 6.2% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹197.91 Cr | 7.3% |
| JM Large Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹444.32 Cr | 12.8% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2702.86 Cr | 6.3% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹57.73 Cr | 6.9% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹30.32 Cr | 6.6% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹5152.36 Cr | 6.0% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.0% | 0.0% | ₹215.84 Cr | 8.5% |
| JM Midcap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1105.21 Cr | 11.5% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹200.81 Cr | 6.8% |
| JM Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹84.32 Cr | 7.5% |
Risk Level
Your principal amount will be at Low to Moderate Risk
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- Killol Pandya
- Ruchi Fozdar
- Jayant Dhoot
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