JM Short Term Fund vs Nippon India ETF Nifty 5 yr Benchmark G-Sec
Direct Plan, Growth option · Data as on 30-10-2026
JM Short Term Fund is a Short Duration fund and Nippon India ETF Nifty 5 yr Benchmark G-Sec is a mutual fund. In the 3 years to 30-10-2026, JM Short Term Fund (Direct) returned 7.0% a year and Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct) returned 7.2% a year. JM Short Term Fund charges 0.39% a year and Nippon India ETF Nifty 5 yr Benchmark G-Sec 0.10% (Direct plans). Their portfolios overlap 11.5%: they hold 1 of the same security.
Nippon India ETF Nifty 5 yr Benchmark G-Sec
- 3 year return
- 7.2%
- Expense ratio
- 0.10%
- NAV
- ₹65.30
Which is better, JM Short Term or Nippon India ETF Nifty 5 yr Benchmark G-Sec? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India ETF Nifty 5 yr Benchmark G-Sec returned more over 3 years: 7.2% a year against 7.0%.
- JM Short Term returned more over 1 year: 4.3% against 3.2%.
- Nippon India ETF Nifty 5 yr Benchmark G-Sec costs less: 0.10% a year against 0.39% (Direct plans).
- JM Short Term swung less over 3 years: a standard deviation of 0.9% a year against 1.9%.
- JM Short Term fell less in its worst fall since 01-09-2022: −0.5% against −1.9%.
- Nippon India ETF Nifty 5 yr Benchmark G-Sec is the larger fund: ₹260 Cr against ₹79 Cr.
- Their portfolios overlap 11.5%: 1 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | JM Short Term Fund | Nippon India ETF Nifty 5 yr Benchmark G-Sec |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Nippon India Mutual Fund |
| Category | Short Duration | Not available |
| AUM | ₹79 Cr (30-09-2026) | ₹260 Cr (30-09-2026) |
| NAV | ₹13.14 (Direct) | ₹65.30 (Direct) |
| Expense ratio (Direct) | 0.39% | 0.10% |
| Expense ratio (Regular) | 1.09% | Not available |
| Riskometer | Low to Moderate | Not available |
| Benchmark | CRISIL Short Duration Debt A-II Index | Not available |
| Launch date | 29-08-2022 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Killol Pandya, Ruchi Fozdar, Jayant Dhoot | Not available |
| Exit load | Nil | Not available |
JM Short Term vs Nippon India ETF Nifty 5 yr Benchmark G-Sec: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| JM Short Term Fund (Direct) | −0.05% | +0.43% | +2.43% | +4.34% | +6.96% | -- | -- |
| Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct) | −0.65% | −1.18% | +1.65% | +3.23% | +7.15% | +5.94% | -- |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | -- | -- |
Category average: the average of the 25 Short Duration funds, same plan type.
JM Short Term vs Nippon India ETF Nifty 5 yr Benchmark G-Sec: Year-wise Returns
| Year | JM Short TermJM Short Term | Nippon India ETF Nifty 5 yr Benchmark G-SecNippon India ETF Nifty 5 yr Benchmark G-Sec |
|---|---|---|
| 2026to date | +3.58% | +2.67% |
| 2025 | +7.98% | +8.12% |
| 2024 | +7.88% | +8.37% |
| 2023 | +6.98% | +7.77% |
| 2022 | -- | +2.10% |
JM Short Term vs Nippon India ETF Nifty 5 yr Benchmark G-Sec: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 281 of them, one for each trading day from 01-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
JM Short Term Fund (Direct)
Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct)
to
Oct 2025Dec 2022
to
Dec 2025Feb 2023
to
Feb 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JM Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.4% | 7.3% | 6.8% | 7.8% |
| Nippon India ETF Nifty 5 yr Benchmark G-Sec | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.9% | 7.9% | 6.9% | 8.7% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 01-09-2022. Past returns do not promise future returns.
JM Short Term vs Nippon India ETF Nifty 5 yr Benchmark G-Sec: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM Short TermJM Short Term Fund (Direct) | ₹5,00,000 | ₹5,72,703 | ₹72,703 | 6.5% |
| Nippon India ETF Nifty 5 yr Benchmark G-SecNippon India ETF Nifty 5 yr Benchmark G-Sec (Direct) | ₹5,00,000 | ₹5,70,054 | ₹70,054 | 6.3% |
JM Short TermJM Short Term Fund (Direct)
Nippon India ETF Nifty 5 yr Benchmark G-SecNippon India ETF Nifty 5 yr Benchmark G-Sec (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
JM Short Term vs Nippon India ETF Nifty 5 yr Benchmark G-Sec: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Short Term Fund (Direct) | Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct) |
|---|---|---|
| Return (CAGR) | +4.34% | +3.23% |
| Standard deviation | 1.09% | 2.58% |
| Sharpe ratio | -0.84 | -0.78 |
| Sortino ratio | -1.18 | -1.13 |
| Maximum drawdown | −0.5% (02-04-2026) | −1.9% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | JM Short Term Fund (Direct) | Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct) |
|---|---|---|
| Return (CAGR) | +6.96% | +7.15% |
| Standard deviation | 0.91% | 1.94% |
| Sharpe ratio | 1.03 | 0.58 |
| Sortino ratio | 1.57 | 0.86 |
| Maximum drawdown | −0.5% (13-06-2025) | −1.9% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | JM Short Term Fund (Direct) | Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct) |
|---|---|---|
| Return (CAGR) | +6.73% | +5.82% |
| Standard deviation | 0.85% | 2.18% |
| Sharpe ratio | 0.67 | 0.13 |
| Sortino ratio | 1.02 | 0.18 |
| Maximum drawdown | −0.5% (13-06-2025) | −3.4% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-09-2022 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
JM Short Term Fund (Direct)
Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM Short Term Fund (Direct) | −0.5% | 06-06-2025 | 13-06-2025 | 03-07-2025 | 20 days | −0.2% |
| Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct) | −1.9% | 06-08-2026 | 22-10-2026 | Not yet | -- | −1.7% |
From daily values since 01-09-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
JM Short Term Fund (Direct)
Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
JM Short Term Fund (Direct)
Nippon India ETF Nifty 5 yr Benchmark G-Sec (Direct)
JM Short Term vs Nippon India ETF Nifty 5 yr Benchmark G-Sec: Portfolio Overlap
From each fund's latest monthly portfolio: JM Short Term Fund, September 2026; Nippon India ETF Nifty 5 yr Benchmark G-Sec, September 2026
Holdings in common
- Overlap
- 11.5%
- Held by both
- 1
- Only in JM Short Term
- 18
- Only in Nippon India ETF Nifty 5 yr Benchmark G-Sec
- 2
| Security | % of JM Short Term | % of Nippon India ETF Nifty 5 yr Benchmark G-Sec |
|---|---|---|
| 6.36% GOI 16-Feb-2031 | 11.45% | 94.71% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.5% means 11.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in JM Short Term Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited 05-MAR-2027 | 7.36% |
| 7.8% NABARD 15-MAR-2027 | 6.32% |
| 7.68% SIDBI 09-JUL-2027 | 6.31% |
| 7.9611% HDB Financial Services Limited 05-JAN-2028 | 6.29% |
| 7.9% Mahindra & Mahindra Financial Serv Ltd. 21-FEB-2028 | 6.29% |
Largest holdings only in Nippon India ETF Nifty 5 yr Benchmark G-Sec
| Security | % of fund |
|---|---|
| 6.01% Government of India | 1.87% |
| 6.75% Government of India | 1.33% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Short Term | Nippon India ETF Nifty 5 yr Benchmark G-Sec |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 92.8% | 97.9% |
| Cash and others | 7.2% | 2.1% |
JM Short Term vs Nippon India ETF Nifty 5 yr Benchmark G-Sec: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Short Term Fund | Nippon India ETF Nifty 5 yr Benchmark G-Sec |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | 0.10% |
| Base expense ratio (Direct) | 0.33% | 0.08% |
| Total expense ratio (Regular) | 1.09% | Not available |
| Base expense ratio (Regular) | 0.94% | 0.00% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
JM Short Term Fund vs Nippon India ETF Nifty 5 yr Benchmark G-Sec: Frequently Asked Questions
What is the difference between JM Short Term Fund and Nippon India ETF Nifty 5 yr Benchmark G-Sec?
JM Short Term Fund is a Short Duration fund, Nippon India ETF Nifty 5 yr Benchmark G-Sec is a mutual fund, run by JM Financial Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 11.5%. JM Short Term Fund charges 0.39% a year and Nippon India ETF Nifty 5 yr Benchmark G-Sec 0.10%.
Which has given higher returns, JM Short Term Fund or Nippon India ETF Nifty 5 yr Benchmark G-Sec?
Over 1 year: JM Short Term Fund +4.34%, Nippon India ETF Nifty 5 yr Benchmark G-Sec +3.23%. Over 3 years: JM Short Term Fund +6.96% a year, Nippon India ETF Nifty 5 yr Benchmark G-Sec +7.15% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM Short Term Fund or Nippon India ETF Nifty 5 yr Benchmark G-Sec?
Nippon India ETF Nifty 5 yr Benchmark G-Sec charges less: 0.10% a year against 0.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Short Term Fund and Nippon India ETF Nifty 5 yr Benchmark G-Sec overlap?
11.5%. They hold 1 of the same securities, the largest shared ones being 6.36% GOI 16-Feb-2031. From each fund's latest monthly portfolio.
Which is better for SIP, JM Short Term Fund or Nippon India ETF Nifty 5 yr Benchmark G-Sec?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,07,024 in JM Short Term Fund (XIRR 6.1% a year) and ₹4,03,892 in Nippon India ETF Nifty 5 yr Benchmark G-Sec (XIRR 5.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both JM Short Term Fund and Nippon India ETF Nifty 5 yr Benchmark G-Sec?
Yes. 11.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.