JM Ultra Short to Short Term Fund - Direct Plan - Bonus Option - Principal Units
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 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.Read more
NAV · 16 Oct 2026₹24.7936▼ 0.01% (1 day)
- Current NAV₹24.7936
- Fund Size (AUM)₹ 236 Cr.
- Expense Ratio0.40 %
- 1Y Return+5.92%
- 3Y Return (CAGR)+7.19%
- 5Y Return (CAGR)+6.49%
- Category Rank (3Y)—
- RiskometerLow to Moderate Risk
- Min. SIP / Lump sum— / ₹ 1,000
More figures (11)
- Since Launch (CAGR)+6.11%
- Benchmark—
- Volatility (3Y)0.48 %
- Sharpe Ratio (3Y)1.44
- Beta (3Y)—
- 52-week High / Low₹24.8058 / ₹23.4087
- Max Drawdown-15.0 %
- Launched8 Apr 2013
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersKillol Pandya, Ruchi Fozdar, Jayant Dhoot
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 6.5% a year.
- Volatility over 3 years was 0.5% a year, with a Sharpe ratio of 1.44.
- Its biggest fall from a peak was 15.0% (10 May 2019 to 29 Oct 2019).
- Across all 3-year periods since launch, yearly returns ranged from 4.4% to 11.5% and were positive 100% of the time.
- Expense ratio 0.40%, fund size ₹236 crore.
Pros
AI- Every 3-year period since launch gave a positive return (lowest 4.4% a year).
- Sharpe ratio of 1.44 over 3 years: good return for the volatility taken.
Cons
AI- Expense ratio of 0.40% is above the category median of 0.34%.
- Small fund size of ₹236 crore.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.04% | +0.29% | +1.37% | +2.93% | +4.68% | +5.92% | +6.91% | +7.19% | +6.49% | +8.14% | — | +6.11% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Ultra Short Duration Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| This fund | +4.68% | +7.64% | +7.81% | +7.05% | +4.58% | +3.44% | +26.91% | -11.96% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.2 | 0.6 | 0.2 | 0.6 | 0.2 | 1.2 | 0.4 | 0.5 | 0.5 | 0.1 | |||
| 2025 | 0.6 | 0.6 | 0.9 | 0.9 | 0.7 | 0.6 | 0.6 | 0.4 | 0.6 | 0.6 | 0.5 | 0.4 | 7.6 |
| 2024 | 0.6 | 0.6 | 0.7 | 0.6 | 0.7 | 0.6 | 0.8 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | 7.8 |
| 2023 | 0.5 | 0.4 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 7.1 |
| 2022 | 0.4 | 0.3 | 0.4 | 0.3 | 0.0 | 0.4 | 0.4 | 0.5 | 0.3 | 0.4 | 0.6 | 0.5 | 4.6 |
| 2021 | 0.1 | 0.2 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.2 | 0.2 | 0.3 | 0.3 | 3.4 |
| 2020 | 0.5 | 0.6 | 0.2 | 0.3 | 1.0 | 0.9 | 20.5 | 0.2 | 0.3 | 0.5 | 0.4 | 0.3 | 26.9 |
| 2019 | 0.6 | 0.4 | 1.1 | 0.5 | 0.0 | -9.9 | 0.5 | 0.4 | -2.9 | -3.6 | 0.5 | 0.4 | -12.0 |
| 2018 | 0.6 | 0.7 | 0.6 | 0.3 | 0.7 | 0.8 | 0.8 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 97 of 101 months shown (96%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 0.48% | 0.45% |
| Sharpe ratio ? | 1.44 | -0.02 |
| Sortino ratio ? | 2.40 | -0.03 |
| Maximum drawdown | -0.22% | -0.35% |
Rolling 3-year returns (yearly)
Lowest+4.41%
Median+6.69%
Highest+11.48%
Positive100% of periods
Above 12% a year0% of periods
Rolling 5-year returns (yearly)
Lowest+5.28%
Median+6.19%
Highest+9.93%
Positive100% of periods
Above 12% a year0% of periods
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
How it handled market falls
Biggest falls in this fund's NAV
| Peak | Bottom | Fall | Back to the peak on | Time to recover |
|---|---|---|---|---|
| 10 May 2019 | 29 Oct 2019 | -15.0% | 6 Jul 2020 | 8 months |
Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,23,861 | ₹3,861 | +6.00% |
| 3Y | ₹3,60,000 | ₹3,99,287 | ₹39,287 | +6.84% |
| 5Y | ₹6,00,000 | ₹7,14,322 | ₹1,14,322 | +6.91% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Ultra Short Duration Funds (51)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Aditya Birla Sun Life Ultra Short Term FundAditya Birla Sun Life Mutual Fund | ₹606.9827 | — | — | — | — | — | 0.32 | 16,279 | Moderate Risk |
| 2. | Aditya Birla Sun Life Ultra short to short term FundAditya Birla Sun Life Mutual Fund | ₹786.2863 | — | — | — | — | — | 0.42 | 9,185 | Moderate Risk |
| 3. | Axis Ultra Short Term FundAxis Mutual Fund | ₹17.0050 | — | — | — | — | — | 0.36 | 4,996 | Moderate Risk |
| 4. | Axis Ultra Short to Short Term FundAxis Mutual Fund | ₹3,516.34 | — | — | — | — | — | 0.37 | 4,563 | Low to Moderate Risk |
| 5. | Bajaj Finserv Ultra Short to Short Term FundBajaj Finserv Mutual Fund | ₹1,039.91 | — | — | — | — | — | — | — | — |
| 6. | BANDHAN ULTRA SHORT TERM FUNDBandhan Mutual Fund | ₹16.7051 | — | — | — | — | — | 0.30 | 4,098 | Low to Moderate Risk |
| 7. | BANDHAN ULTRA SHORT TO SHORT TERM FUNDBandhan Mutual Fund | ₹42.6858 | — | — | — | — | — | 0.37 | 6,342 | Low to Moderate Risk |
| 8. | BANK OF INDIA ULTRA SHORT TERM FUNDBank of India Mutual Fund | ₹3,543.95 | — | — | — | — | — | 0.45 | 196 | Low to Moderate Risk |
| 9. | Baroda BNP Paribas Ultra Short Term FundBaroda BNP Paribas Mutual Fund | ₹1,695.80 | — | — | — | — | — | 0.28 | 596 | Low to Moderate Risk |
| 10. | BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUNDBaroda BNP Paribas Mutual Fund | ₹47.5504 | — | — | — | — | — | 0.28 | 330 | Low to Moderate Risk |
| 11. | Canara Robeco Ultra Short Term FundCanara Robeco Mutual Fund | ₹4,381.21 | — | — | — | — | — | 0.36 | 529 | Low to Moderate Risk |
| 12. | Canara Robeco Ultra Short to Short Term FundCanara Robeco Mutual Fund | ₹46.8562 | — | — | — | — | — | 0.21 | 1,113 | Low to Moderate Risk |
| 13. | DSP Ultra Short Term FundDSP Mutual Fund | ₹4,023.49 | — | — | — | — | — | 0.30 | 4,425 | Low to Moderate Risk |
| 14. | DSP Ultra Short to Short Term FundDSP Mutual Fund | ₹22.0787 | — | — | — | — | — | 0.31 | 4,455 | Low to Moderate Risk |
| 15. | Edelweiss Ultra Short Term FundEdelweiss Mutual Fund | ₹1,008.60 | — | — | — | — | — | — | — | — |
| 16. | Edelweiss Ultra Short to Short Term FundEdelweiss Mutual Fund | ₹1,109.34 | — | — | — | — | — | — | — | — |
| 17. | Franklin India Ultra Short Term FundFranklin Templeton Mutual Fund | ₹11.5839 | — | — | — | — | — | 0.29 | 300 | Moderate Risk |
| 18. | Franklin India Ultra Short to Short Term FundFranklin Templeton Mutual Fund | ₹11.1950 | — | — | — | — | — | — | — | — |
| 19. | HDFC Ultra Short Term FundHDFC Mutual Fund | ₹16.7776 | — | — | — | — | — | 0.39 | 15,675 | Moderate Risk |
| 20. | HDFC Ultra Short to Short Term FundHDFC Mutual Fund | ₹67.7380 | — | — | — | — | — | 0.46 | 16,513 | Moderate Risk |
| 21. | HSBC Ultra Short to Short Term FundHSBC Mutual Fund | ₹32.7664 | — | — | — | — | — | 0.40 | 847 | Low to Moderate Risk |
| 22. | ICICI Prudential Ultra Short term FundICICI Prudential Mutual Fund | ₹32.5672 | — | — | — | — | — | 0.41 | 15,236 | Moderate Risk |
| 23. | ICICI Prudential Ultra Short to Short Term FundICICI Prudential Mutual Fund | ₹597.0061 | — | — | — | — | — | 0.42 | 18,781 | Low to Moderate Risk |
| 24. | Invesco India Ultra Short Term FundInvesco Mutual Fund | ₹3,129.84 | — | — | — | — | — | 0.27 | 1,525 | Moderate Risk |
| 25. | Invesco India Ultra Short to Short Term FundInvesco Mutual Fund | ₹4,253.65 | — | — | — | — | — | 0.35 | 1,714 | Low to Moderate Risk |
| 26. | ITI Ultra Short Term FundITI Mutual Fund | ₹1,386.65 | — | — | — | — | — | 0.21 | 167 | Low to Moderate Risk |
| 27. | JioBlackRock Ultra Short to Short Term FundJio BlackRock Mutual Fund | ₹1,044.43 | — | — | — | — | — | — | — | — |
| 28. | JM Ultra Short to Short Term FundJM Financial Mutual Fund | ₹41.1787 | — | — | — | — | — | 0.40 | 236 | Low to Moderate Risk |
| 29. | Kotak Ultra Short Term FundKotak Mahindra Mutual Fund | ₹48.7168 | — | — | — | — | — | 0.36 | 15,261 | Moderate Risk |
| 30. | Kotak Ultra Short to Short Term FundKotak Mahindra Mutual Fund | ₹3,946.64 | — | — | — | — | — | 0.40 | 12,566 | Low to Moderate Risk |
| 31. | LIC MF Ultra Short Term FundLIC Mutual Fund | ₹1,467.99 | — | — | — | — | — | 0.25 | 1,420 | Low to Moderate Risk |
| 32. | LIC MF Ultra Short to Short Term fundLIC Mutual Fund | ₹46.4788 | — | — | — | — | — | 0.24 | 1,900 | Low to Moderate Risk |
| 33. | Mahindra Manulife Ultra Short Term FundMahindra Manulife Mutual Fund | ₹1,530.30 | — | — | — | — | — | 0.31 | 205 | Low to Moderate Risk |
| 34. | Mahindra Manulife Ultra Short to Short Term FundMahindra Manulife Mutual Fund | ₹1,900.33 | — | — | — | — | — | 0.34 | 497 | Moderate Risk |
| 35. | Mirae Asset Ultra Short to Short Term FundMirae Asset Mutual Fund | ₹2,663.97 | — | — | — | — | — | 0.22 | 2,290 | Low to Moderate Risk |
| 36. | Mirae Asset Ultra Short-Term FundMirae Asset Mutual Fund | ₹1,437.34 | — | — | — | — | — | 0.23 | 1,808 | Low to Moderate Risk |
| 37. | Motilal Oswal Ultra Short Term FundMotilal Oswal Mutual Fund | ₹18.8324 | — | — | — | — | — | 0.25 | 534 | Low to Moderate Risk |
| 38. | Nippon India Ultra Short Term FundNippon India Mutual Fund | ₹4,844.93 | — | — | — | — | — | 0.34 | 11,551 | Moderate Risk |
| 39. | Nippon India Ultra Short to Short Term FundNippon India Mutual Fund | ₹4,305.13 | — | — | — | — | — | 0.40 | 7,096 | Low to Moderate Risk |
| 40. | PGIM India Ultra Short Term FundPGIM India Mutual Fund | ₹38.5502 | — | — | — | — | — | 0.34 | 232 | Low to Moderate Risk |
| 41. | SBI ULTRA SHORT TERM FUNDSBI Mutual Fund | ₹6,592.32 | — | — | — | — | — | 0.35 | 11,237 | Moderate Risk |
| 42. | SBI Ultra Short to Short Term FundSBI Mutual Fund | ₹3,922.90 | — | — | — | — | — | 0.44 | 10,942 | Low to Moderate Risk |
| 43. | Sundaram Ultra Short Term Fund (Formerly Known as Sundaram Ultra Short Duration Fund)Sundaram Mutual Fund | ₹3,179.24 | — | — | — | — | — | 0.19 | 2,108 | Low to Moderate Risk |
| 44. | Sundaram Ultra Short to Short Term Fund (Formerly Known as Sundaram Low Duration Fund)Sundaram Mutual Fund | ₹4,007.04 | — | — | — | — | — | 0.40 | 381 | Moderate Risk |
| 45. | Tata Ultra Short Term FundTata Mutual Fund | ₹16.2461 | — | — | — | — | — | 0.33 | 5,404 | Moderate Risk |
| 46. | Tata Ultra Short to Short Term FundTata Mutual Fund | ₹4,377.57 | — | — | — | — | — | 0.27 | 2,727 | Low to Moderate Risk |
| 47. | Union Short Term FundUnion Mutual Fund | ₹11.0617 | — | — | — | — | — | — | — | — |
| 48. | Union Ultra Short to Short Term FundUnion Mutual Fund | ₹10.7167 | — | — | — | — | — | — | — | — |
| 49. | UTI Ultra Short Term FundUTI Mutual Fund | ₹4,940.25 | — | — | — | — | — | 0.40 | 3,017 | Moderate Risk |
| 50. | UTI Ultra Short to Short Term FundUTI Mutual Fund | ₹3,897.91 | — | — | — | — | — | 0.33 | 2,604 | Low to Moderate Risk |
| 51. | WhiteOak Capital Ultra Short Term FundWhiteOak Capital Mutual Fund | ₹1,525.99 | — | — | — | — | — | 0.27 | 549 | Low to Moderate Risk |
| Median: 51 schemes | — | — | — | — | — | — | 0.34 | 2,447 | — |
Detailed comparison with another fund About Ultra Short Duration Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment 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 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.
- Fund managers
- Killol Pandya, Ruchi Fozdar, Jayant Dhoot
- Fund house
- JM Financial Mutual Fund
- Category
- Ultra Short Duration Funds · Debt
- Plan / option
- Direct · Bonus
- AMFI scheme code
- 143610
- ISIN
- INF192K01FL1
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Ultra Short Duration Funds
Ultra Short Duration Funds hold debt with a Macaulay duration of 3 to 6 months.
Generally used by money needed in about 3–6 months.
Other plans of this scheme
- JM Ultra Short to Short Term Fund - Direct Plan - Growth Option
- JM Ultra Short to Short Term Fund - Regular Plan - Growth Option
- JM Ultra Short to Short Term Fund - Direct Plan - Daily IDCW Option
- JM Ultra Short to Short Term Fund - Direct Plan - Fortnightly IDCW Option
- JM Ultra Short to Short Term Fund - Direct Plan - Weekly IDCW Option
- JM Ultra Short to Short Term Fund - Regular Plan - Bonus Option - Principal Units
- JM Ultra Short to Short Term Fund - Regular Plan - Daily IDCW Option
- JM Ultra Short to Short Term Fund - Regular Plan - Fortnightly IDCW Option
Tax on your gains
Tax treatment depends on what the fund holds: equity-oriented if at least 65% is in Indian shares (directly or through equity funds), debt-oriented if over 65% is in debt, otherwise the "other" rules.
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund managers
KP
Killol PandyaAlso manages
RF
JD
Jayant DhootAlso manages
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: JM Financial Mutual Fund
- JM Ultra Short to Short Term Fund(G)-Direct PlanUnivest · Yesterday
- JM Financial AMC announces shifting of branchInvestment Guru India · 13 Oct
- JM Financial AMC's Deepak Gupta sees export sectors leading as FII flows could improve over next 2-4 quartersCNBC TV18 · 7 Oct
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
What is the NAV of JM Ultra Short to Short Term Fund today?
The latest NAV of JM Ultra Short to Short Term Fund - Direct Plan - Bonus Option - Principal Units is ₹24.7936 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has JM Ultra Short to Short Term Fund given?
As on 16 Oct 2026: 1 year +5.92%, 3 years +7.19% a year, 5 years +6.49% a year. Past returns may or may not be sustained in future.
What is the expense ratio of JM Ultra Short to Short Term Fund?
The expense ratio of the Direct plan is 0.40% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Low to Moderate Risk. Over 3 years its volatility was 0.5% a year and its biggest fall from a peak was 0.2%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Ultra Short Duration Funds?
Ultra Short Duration Funds hold debt with a Macaulay duration of 3 to 6 months.
How are gains from JM Ultra Short to Short Term Fund taxed?
It depends on how much the fund holds in Indian shares; see the tax section on this page and confirm with your tax adviser.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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