JM Liquid Fund
- NAV as on 24 Sep 2026
- ₹76.72+0.01%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹72.18 — ₹76.72
- AUM
- ₹1,743 Cr
JM Liquid Fund is a Liquid debt fund from JM Financial Mutual Fund with ₹1,743 Cr under management, launched in 1997. Over three years it has returned 6.5% a year, against 6.8% for its category. The expense ratio is 0.26% and the SEBI riskometer reading is Low to Moderate.
Performance
JM Liquid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.3% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.5% | +0.2 pts | 6.3% | 6.4% |
| 2Y | 6.4% | 0.0 pts | 6.4% | 6.4% |
| 3Y | 6.5% | −0.2 pts | 6.8% | 6.5% |
| 5Y | 6.6% | +0.4 pts | 6.2% | 6.5% |
| 7Y | 6.1% | 0.0 pts | 6.1% | 6.1% |
| 10Y | 6.0% | 0.0 pts | 6.0% | 5.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.6% | 0.0 pts | 1.6% | 1.6% |
| 6M | 3.4% | 0.0 pts | 3.4% | 3.4% |
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 6.5% | 0.0 pts | 6.5% | 6.5% |
| 3Y | 6.8% | 0.0 pts | 6.8% | 6.7% |
| 5Y | 6.2% | 0.0 pts | 6.2% | 6.2% |
| 7Y | 5.5% | 0.0 pts | 5.5% | 5.5% |
| 10Y | 6.0% | 0.0 pts | 6.0% | 6.0% |
Since launch (23 Dec 1997): 7.3%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.4% | 0.0 pts | 6.4% |
| 2024 | 7.2% | −0.1 pts | 7.3% |
| 2023 | 7.0% | 0.0 pts | 7.0% |
| 2022 | 4.8% | 0.0 pts | 4.8% |
| 2021 | 3.3% | 0.0 pts | 3.3% |
| 2020 | 4.0% | −0.1 pts | 4.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.26%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.22%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.04%
- Exit load
- Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Liquid Debt A-I Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 4.50 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 8.83 | 9.82 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.20 | 0.20 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
JM Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt98.5%
- Other1.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 14.51% | ₹253 Cr | +1.16% | +0.96% | +0.89% |
| Reserve Bank of India | Financial | 5.67% | ₹98.87 Cr | +2.31% | +2.58% | +1.83% |
| company:442 | Financial | 5.67% | ₹98.77 Cr | +2.31% | +4.84% | +1.85% |
| L&T Finance Ltd. | Financial | 5.67% | ₹98.76 Cr | — | — | — |
| company:4907 | Financial | 5.66% | ₹98.65 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 4.25% | ₹74.14 Cr | +1.16% | +3.88% | +1.85% |
| Reliance Retail Ventures Ltd. | Services | 2.87% | ₹49.99 Cr | +2.33% | +1.91% | — |
| NTPC Ltd. | Energy | 2.87% | ₹49.93 Cr | — | — | — |
| Godrej Properties Ltd. | Construction | 2.86% | ₹49.92 Cr | — | — | — |
| company:1102 | Financial | 2.86% | ₹49.88 Cr | — | — | +1.83% |
| Tata Housing Devp. Co. Ltd | Construction | 2.86% | ₹49.88 Cr | — | — | — |
| Aditya Birla Money Ltd. | Financial | 2.86% | ₹49.87 Cr | — | +1.93% | +1.83% |
| Union Bank of India | Financial | 2.86% | ₹49.81 Cr | +3.48% | +1.92% | +3.70% |
| REC Ltd. | Financial | 2.84% | ₹49.56 Cr | +2.33% | — | — |
| IDFC First Bank Ltd. | Financial | 2.84% | ₹49.56 Cr | — | — | — |
| Indian Bank | Financial | 2.84% | ₹49.52 Cr | +2.09% | +3.83% | +4.59% |
| HDFC Bank Ltd. | Financial | 2.84% | ₹49.46 Cr | +2.29% | +0.96% | +0.93% |
| Export-Import Bank Of India | Financial | 2.83% | ₹49.39 Cr | — | +3.82% | +1.85% |
| company:6892 | Services | 2.83% | ₹49.35 Cr | — | — | — |
| company:5652 | Financial | 2.83% | ₹49.34 Cr | +1.07% | +1.91% | +2.75% |
| company:16348 | Financial | 2.83% | ₹49.30 Cr | +2.09% | +1.94% | +1.84% |
| Axis Bank Ltd. | Financial | 2.83% | ₹49.26 Cr | +1.16% | +1.94% | +3.70% |
| Manappuram Finance Ltd. | Financial | 1.43% | ₹24.93 Cr | — | — | — |
| Kotak Mahindra Prime Ltd. | Financial | 1.15% | ₹19.98 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:442 | 0.00% | 5.67% | +5.67% |
| company:4907 | 0.00% | 5.66% | +5.66% |
| Reserve Bank of India | 0.87% | 5.67% | +4.80% |
| L&T Finance Ltd. | 1.74% | 5.67% | +3.92% |
| ICICI Bank Ltd. | 3.49% | 0.00% | -3.49% |
| Punjab National Bank | 3.47% | 0.00% | -3.47% |
| company:1102 | 0.00% | 2.86% | +2.86% |
| company:6892 | 0.00% | 2.83% | +2.83% |
| company:5652 | 0.00% | 2.83% | +2.83% |
| company:16348 | 0.00% | 2.83% | +2.83% |
| HDB Financial Services Ltd. | 2.63% | 0.00% | -2.63% |
| Small Industries Devp. Bank of India Ltd. | 1.73% | 4.25% | +2.53% |
| Tata Consumer Products Ltd. | 1.75% | 0.00% | -1.75% |
| HDFC Securities Ltd. | 1.74% | 0.00% | -1.74% |
| PNB Housing Finance Ltd. | 1.74% | 0.00% | -1.74% |
| National Bank For Agriculture & Rural Development | 1.74% | 0.00% | -1.74% |
| ICICI Securities Ltd. | 1.74% | 0.00% | -1.74% |
| Tata Capital Ltd. | 1.74% | 0.00% | -1.74% |
| Union Bank of India | 1.73% | 2.86% | +1.13% |
| Reliance Retail Ventures Ltd. | 1.74% | 2.87% | +1.12% |
| Godrej Properties Ltd. | 1.74% | 2.86% | +1.12% |
| Aditya Birla Money Ltd. | 1.74% | 2.86% | +1.12% |
| Tata Housing Devp. Co. Ltd | 1.74% | 2.86% | +1.12% |
| Indian Bank | 1.73% | 2.84% | +1.11% |
| Export-Import Bank Of India | 1.74% | 2.83% | +1.09% |
| HDFC Bank Ltd. | 1.75% | 2.84% | +1.09% |
| Aditya Birla Capital Ltd. | 0.88% | 0.00% | -0.88% |
| Bank of India | 0.87% | 0.00% | -0.87% |
| Axis Bank Ltd. | 3.50% | 2.83% | -0.67% |
| IDFC First Bank Ltd. | 3.46% | 2.84% | -0.61% |
| Manappuram Finance Ltd. | 0.87% | 1.43% | +0.56% |
| Kotak Mahindra Prime Ltd. | 0.87% | 1.15% | +0.27% |
| NTPC Ltd. | 2.61% | 2.87% | +0.26% |
| REC Ltd. | 2.59% | 2.84% | +0.25% |
| Others | 0.29% | 0.48% | +0.19% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹22,488 Cr | 0.19% | 6.7% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 6.7% | 6.7% | 6.7% |
 DSP Liquid Fund | ₹27,920 Cr | 0.21% | 6.6% | 6.7% | 6.7% |
 Edelweiss Liquid Fund | ₹13,272 Cr | 0.17% | 6.6% | 6.7% | 6.7% |
 Franklin India Liquid Fund | ₹6,082 Cr | 0.20% | 6.7% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹1,825 Cr | 0.15% | 6.7% | 6.7% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in Debt and money market securities with maturity of upto 91 days only.
Fund managers
- Jayant DhootChartered Accountant, Company Secretary, B.ComPrior to joining the JM MF, he was worked with Taurus Corporate Advisory Services Pvt Ltd, Nuvama Wealth & Investment Ltd, NVS Brokerage Pvt. Ltd.
- Killol PandyaMr. Pandya is a B.Com (H) from N.M College of Commerce, DPCM from ICFAI and MMS (Finance) from K.J. Somaiya Institute of Management Studies and Research.Prior to joining JM Financial Asset Management Limited he has worked with Barclays Securities India Private Ltd,Peerless Funds Management Co. Limited, LIC Nomura Mutual Fund AMC , Daiwa Asset Management (India) Pvt. Ltd., SBI Funds Management Pvt Ltd., IL&FS Investsmart Ltd. and Darashaw & Co. Pvt. Ltd.
- Ruchi FozdarMs. Ruchi is a graduate in science and PGDBM in financePrior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.36% absolute | ₹60,000 | ₹62,016 | 3.36% | |
| 1 year6.29% annualised | ₹1,20,000 | ₹1,24,168 | 3.47% | |
| 3 years6.76% annualised | ₹3,60,000 | ₹4,00,106 | 11.14% | |
| 5 years6.21% annualised | ₹6,00,000 | ₹7,05,109 | 17.52% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.