JM Ultra Short to Short Term Fund
JM Financial Mutual Fund · Ultra Short to Short Term · Direct plan, growth option
NAV (₹), 1 Oct 2026
41.1358
1-day change
0.02%
1Y return
6.1%
3Y CAGR
7.3%
5Y CAGR
6.5%
Max drawdown, 5Y
−0.4%
NAV history month-end NAV, ₹ · 25 May 2018 to 1 Oct 2026
Returns vs Ultra Short to Short Term median (25 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.4% | 0.4% |
| 3 months | 1.4% | 1.3% |
| 6 months | 3.4% | 3.4% |
| Year to date | 4.6% | 4.6% |
| 1 year | 6.1% | 6.2% |
| 3 years (CAGR) | 7.3% | 7.4% |
| 5 years (CAGR) | 6.5% | 6.6% |
| 7 years (CAGR) | 8.2% | 6.5% |
| 10 years (CAGR) | n/a | 6.8% |
| Since first NAV (CAGR) | 6.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.6% | 7.6% |
| 3Y rolling median | 6.6% | 7.5% |
| 3Y rolling worst | 4.4% | 5.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 6.2% | 6.4% |
| 5Y rolling worst | 5.3% | 6.0% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.7% | 0.7% |
| Sharpe ratio | 0.80 | 0.91 |
| Sortino ratio | 1.29 | 1.50 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −15.0% | −1.4% |
| Maximum drawdown, last 10Y | n/a | −1.5% |
| Maximum drawdown, last 5Y | −0.4% | −0.4% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | 251 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.83% a year and the Direct plan's 0.40%, a gap of 0.43%; over the last 3 years the Direct plan returned 0.47 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹11,03,536.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Killol Pandya | 5 Nov 2024 | |
| Ruchi Fozdar | 3 Apr 2024 | |
| Jayant Dhoot | 1 Aug 2025 |
Objective: To generate stable long term returns with low risk strategy and capital appreciation/accretion besides preservation of capital through investments in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months - 12 months,Investors are required to read all the scheme related information set out in the offer documents carefully and also note that there can be no assurance that the investment objectives of the scheme will be realized. The scheme does not guarantee/ indicate any returns.
Stated asset allocation: Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months - 0% - 100% Exposure in securitized debt 0%-50% of net assets of this scheme with low risk profile. Investment in Debt & Money Market instruments will be such that the Macaulay duration# of the portfolio is between 6 to12 months.
Benchmark (tier 1): CRISIL Low Duration Debt A-I Index
Minimum application: ₹1,000
Allotment date: 27 Sep 2006
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.40% | 0.35% |
| AUM, whole scheme (₹ crore) | 236 | 1,900 |
| Riskometer | Low to Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.2% | 6.0% TRI |
| Return, 3 years (AMFI) | 7.2% | 7.1% TRI |
| Return, 5 years (AMFI) | 6.5% | 6.4% TRI |
| Month-ends above category median (3Y CAGR) | 20% | 46% median |
| Month-ends in category top quartile (3Y) | 20% | 17% median |
| 7Y rolling CAGR, median (monthly windows) | 6.1% | 6.7% median |
Official benchmark: CRISIL Low Duration Debt A-I Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Ultra Short to Short Term Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.6% | n/a | – |
| 2025 | 7.6% | n/a | – |
| 2024 | 7.8% | n/a | – |
| 2023 | 7.1% | n/a | – |
| 2022 | 4.6% | n/a | – |
| 2021 | 3.4% | n/a | – |
| 2020 | 26.9% | n/a | – |
| 2019 | -12.0% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,036 | 6.3% |
| 3 years | ₹3,60,000 | ₹3,99,942 | 7.0% |
| 5 years | ₹6,00,000 | ₹7,15,204 | 7.0% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Ultra Short to Short Term
Plan / option: Direct · Growth
AMFI scheme code: 143612
ISIN: INF192K01DW3
First NAV in MFIC data: 25 May 2018
History: 8.4 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Invesco India Ultra Short to Short Term Fund | Ultra Short to Short Term | 0.99 | 7.1% |
| UTI Ultra Short to Short Term Fund | Ultra Short to Short Term | 0.99 | 7.2% |
| Mirae Asset Ultra Short to Short Term Fund | Ultra Short to Short Term | 0.99 | 7.4% |
| LIC MF Ultra Short to Short Term fund | Ultra Short to Short Term | 0.98 | 7.4% |
| DSP Ultra Short to Short Term Fund | Ultra Short to Short Term | 0.98 | 7.1% |
| Canara Robeco Ultra Short to Short Term Fund | Ultra Short to Short Term | 0.98 | 7.2% |
Questions about JM Ultra Short to Short Term Fund
- What is the latest NAV of JM Ultra Short to Short Term Fund?
- The NAV of the Direct plan (growth option) was ₹41.1358 on 1 Oct 2026, as published by AMFI.
- Which category is JM Ultra Short to Short Term Fund in?
- It is classified as Ultra Short to Short Term in AMFI's daily NAV file. MFIC compares it with 25 Ultra Short to Short Term schemes (Direct plans).
- What returns has JM Ultra Short to Short Term Fund delivered?
- Over one year the NAV changed by 6.1%. The 3-year CAGR is 7.3% (category median 7.4%) and the 5-year CAGR is 6.5% (category median 6.6%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 6.6%, the lowest was 4.4%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in JM Ultra Short to Short Term Fund's NAV?
- The largest peak-to-trough fall in its available history was 15.0%; within the last five years it was 0.4% (category median 0.4%).
- How volatile is JM Ultra Short to Short Term Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.7%, which is below the Ultra Short to Short Term category median of 0.7%.
- What would a monthly SIP in JM Ultra Short to Short Term Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,15,204 on 1 Oct 2026, an annualised return (XIRR) of 7.0%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of JM Ultra Short to Short Term Fund?
- The total expense ratio of the Direct plan is 0.40% a year, as disclosed to AMFI (median of Ultra Short to Short Term Direct plans: 0.35%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is JM Ultra Short to Short Term Fund?
- Assets under management of the whole scheme were ₹236 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of JM Ultra Short to Short Term Fund?
- AMFI lists the scheme's riskometer as “Low to Moderate”, and its benchmark's as “Low to Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of JM Ultra Short to Short Term Fund and how has it compared?
- Its official benchmark is the CRISIL Low Duration Debt A-I Index. Over 3 years AMFI reports a return of 7.2% for this plan against 7.1% for the benchmark total return index; over 5 years 6.5% against 6.4%. Past performance does not indicate future results.
- How often has JM Ultra Short to Short Term Fund beaten its category?
- At 20% of the 65 month-ends compared over the last 10 years, its 3-year return was above the median of Ultra Short to Short Term schemes (Direct plans); it was in the top quarter at 20% of them. A typical scheme would show about 50%.
- Who manages JM Ultra Short to Short Term Fund?
- According to its Scheme Summary Document, JM Ultra Short to Short Term Fund is managed by Killol Pandya (since 5 Nov 2024), Ruchi Fozdar (since 3 Apr 2024), Jayant Dhoot (since 1 Aug 2025).
- What is the minimum investment in JM Ultra Short to Short Term Fund?
- The minimum application amount is ₹1,000. SIP details: SIP - Daily, Weekly and Fortnightly - Rs. 500 - 6 Installments ; Monthly and Quarterly - Rs. 1000 - 6 Installments,STP- Daily 60 installments: 100 each. Further in multiples of Re 1/- Weekly/Fortnightly/Monthly : 12 installments for Rs. 500 or 6 installments for Rs. 1000 each. Further in multiple of Re 1/-. Quaterly : 3000 each 2 Instalments, SWP - Fixed Amount Withdrawal (FAW) - 5 instalments for Rs. 500/- each. Further in multiples of Re. 1/-; Capital Appreciation Withdrawal (CAW) - 5 instalm….
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.1% and the Regular plan's by 5.6%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.