JM Short Term Fund

Short DurationDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

JM Short Term Fund is a Short Duration fund run by JM Financial Mutual Fund. On 30-09-2026, it managed ₹79 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.0% a year and its Regular plan returned 6.2% a year.

NAV (Direct plan): ₹13.14; ▲ 0.00%30-10-2026
NAV (Regular plan): ₹12.72; ▼ 0.01%30-10-2026
Expense ratio: 0.39%Direct1.09%Regular; 0.39%; A year
Riskometer: Low to Moderate; Set by the fund house
3 year return: 7.0%Direct6.2%Regular; 7.0%; A year

JM Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹13.14 (up 0.00% that day); Regular Plan Growth ₹12.72 (down 0.01% that day).

This fund (Direct plan)

₹13.1369

JM Short Term Fund Returns vs Short Duration Funds

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.05%	+0.43%	+2.43%	+4.34%	+6.96%	--	--
This fund (Regular)	−0.10%	+0.25%	+2.07%	+3.59%	+6.17%	--	--
Short Duration average	−0.14%	+0.30%	+2.50%	+4.11%	+6.88%	--	--
Best in Short Duration	+0.11%	+0.75%	+3.17%	+5.54%	+7.64%	--	--
Worst in Short Duration	−0.34%	−0.09%	+2.15%	−3.88%	−1.14%	--	--
Rank in Short Duration	6/25	8/24	15/24	14/23	21/23	--	--

Category rows compare the Direct plans of 25 Short Duration funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Short Duration Debt A-II Index. Returns of that index are not available to us, so the category average is the comparison.

JM Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.58%	+2.97%
2025	+7.98%	+7.20%
2024	+7.88%	+7.05%
2023	+6.98%	+6.05%

JM Short Term Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 281 periods, one for each trading day from 01-09-2025 to 30-10-2026.

0%2%4%6%8%

Oct 2022
to
Oct 2025Dec 2022
to
Dec 2025Feb 2023
to
Feb 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026

JM Short Term Fund (Direct)Category average, 25 Short Duration funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	763	7.5%	4.0%	10.2%	0%	7.4%	58%
2 years	524	7.6%	6.3%	8.4%	0%	7.6%	66%
3 years	281	7.3%	6.8%	7.8%	0%	7.3%	81%

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	38	7.3%	3.8%	10.8%	0%	7.4%	53%
2 years	26	7.7%	5.8%	9.4%	0%	7.8%	77%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

JM Short Term Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	JM Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+4.34%	+4.16%
Standard deviation	1.09%	1.17%
Sharpe ratio	-0.84	-0.93
Sortino ratio	-1.18	-1.23
Maximum drawdown	−0.51% (02-04-2026)	−0.75% (02-04-2026)

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.

Measure	JM Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.96%	+6.89%
Standard deviation	0.91%	0.97%
Sharpe ratio	1.03	0.89
Sortino ratio	1.57	1.27
Maximum drawdown	−0.53% (13-06-2025)	−0.75% (02-04-2026)

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.

Measure	JM Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.73%	+6.77%
Standard deviation	0.85%	0.94%
Sharpe ratio	0.67	0.65
Sortino ratio	1.02	0.92
Maximum drawdown	−0.53% (13-06-2025)	−0.75% (02-04-2026)

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.

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.

−0.8%−0.6%−0.4%−0.2%0%

2023202420252026

JM Short Term Fund (Direct)Category average, 25 Short Duration funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
JM Short Term Fund (Direct)	−0.53%	06-06-2025	13-06-2025	03-07-2025	20 days	−0.22%
Category average	−0.75%	11-03-2026	02-04-2026	15-04-2026	13 days	−0.28%

From the Direct plan's daily NAV since 01-09-2022, adjusted for unit splits, and the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

JM Short Term Fund vs Other Short Duration Funds

The five Short Duration funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Bandhan Short Term Fund	1/23	8,680	0.39%	+5.54%	+7.64%	--	--	1.61	2.54	Compare
Axis Short Term Fund	2/23	7,425	0.40%	+4.82%	+7.58%	--	--	1.63	2.53	Compare
Mahindra Manulife Short Term Fund	3/23	79	0.33%	+4.78%	+7.49%	--	--	1.56	2.36	Compare
Bank of India Short Term Fund	4/23	259	0.54%	+4.34%	+7.48%	--	--	1.01	2.34	Compare
ICICI Prudential Short Term Fund	4/23	18,890	0.45%	+4.92%	+7.48%	--	--	1.55	2.34	Compare
JM Short Term Fund	21/23	79	0.39%	+4.34%	+6.96%	--	--	1.03	1.57

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

JM Short Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Short Duration median	Cost rank (1 = cheapest)
Direct	0.33%	0.00%	0.00%	0.06%	0.39%	0.37%	15/25
Regular	0.94%	0.00%	0.00%	0.15%	1.09%	0.99%	20/25

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Short Duration funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	3.59%	4.34%	0.75%	₹1,03,590	₹1,04,340
3 years	6.17%	6.96%	0.79% a year	₹1,19,676	₹1,22,367

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

JM Short Term Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹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
Direct planJM Short Term Fund (Direct)	₹5,00,000	₹5,72,703	₹72,703	6.5%
Regular planJM Short Term Fund (Regular)	₹5,00,000	₹5,63,330	₹63,330	5.7%
Category averageCategory average, 25 Short Duration funds	₹5,00,000	₹5,71,654	₹71,654	6.4%

₹0₹2.0 L₹4.0 L₹6.0 L

2023202420252026

Direct planJM Short Term Fund (Direct)Regular planJM Short Term Fund (Regular)Category averageCategory average, 25 Short Duration fundsAmount invested

From each plan's published NAV (Growth option) and the category average, 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 Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

92.8%Debt

Asset	Fund	Category
Debt	92.8%	92.0%
Cash and others	7.2%	8.0%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Short Duration funds.

Rating	Fund	Category
Sovereign	11.4%	11.4%
AAA and A1+	81.3%	71.2%

JM Short Term Fund Portfolio Holdings

As on 30-09-2026 · 19 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
6.36% GOI 16-Feb-2031 · Government security	SOVEREIGN	11.45%
HDFC Bank Limited 05-MAR-2027 · Certificate of deposit	CRISIL A1+	7.36%
7.8% NABARD 15-MAR-2027 · Bond	ICRA AAA	6.32%
7.68% SIDBI 09-JUL-2027 · Bond	CRISIL AAA	6.31%
7.9611% HDB Financial Services Limited 05-JAN-2028 · Bond	CARE AAA	6.29%
7.9% Mahindra & Mahindra Financial Serv Ltd. 21-FEB-2028 · Bond	CARE AAA	6.29%
7.85% Bajaj Housing Finance Ltd 01-SEP-2028 · Bond	CRISIL AAA	6.28%
7.58% REC Limited 31-MAY-2029 · Bond	ICRA AAA	6.28%
Bank of Baroda 06-JAN-2027 · Certificate of deposit	CARE A1+	6.20%
Indian Bank 05-FEB-2027 · Certificate of deposit	CRISIL A1+	6.17%
7.85% Power Finance Corporation Limited 03-APR-2028 · Bond	ICRA AAA	4.43%
7.4% Power Finance Corporation Limited 08-MAY-2030 · Bond	CRISIL AAA	3.73%
7.27% Indian Railway Finance Corporation Ltd 15-JUN-2027 · Bond	CRISIL AAA	3.15%
8.12% L&T Finance Limited 29-JUN-2029 · Bond	CARE AAA	3.14%
7.645% LIC Housing Finance Limited 21-FEB-2030 · Bond	CRISIL AAA	3.12%
7.33% Indian Railway Finance Corporation Ltd 27-AUG-2027 · Bond	CRISIL AAA	2.52%
7.9% Bajaj Finance Limited 13-APR-2028 · Bond	CRISIL AAA	2.51%
7.7% NABARD 30-SEP-2027 · Bond	ICRA AAA	1.26%
Corporate Debt Market Development Fund - Class A2 Units		0.49%

JM Short Term Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
JM Dynamic Term FundDynamic Bond · JM Financial	29.3%	6	Compare
JM Ultra Short to Short Term FundLow Duration · JM Financial	15.7%	7	Compare
Sundaram Conservative Hybrid FundConservative Hybrid · Sundaram	11.9%	2	Compare
DSP Medium Term FundMedium Duration · DSP	11.9%	2	Compare
Sundaram Medium Term FundMedium Duration · Sundaram	11.9%	2	Compare
JM Medium to Long Term FundMedium to Long Duration · JM Financial	11.8%	2	Compare
Nippon India ETF Nifty 5 yr Benchmark G-SecETF · Nippon India	11.5%	1	Compare
Motilal Oswal Nifty 5 year Benchmark G-Sec ETFETF · Motilal Oswal	11.5%	1	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

JM Short Term Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.39%
Expense ratio (Regular): 1.09%
Category: Short Duration
Risk: Low to Moderate
Benchmark: CRISIL Short Duration Debt A-II Index
Launch date: 29-08-2022
Minimum investment: ₹1,000
Minimum additional investment: ₹100
AUM: ₹79.24 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 150545
ISIN (Direct): INF192K01MP8
Scheme code (Regular): 150542
ISIN (Regular): INF192K01MM5
NAV history: From 01-09-2022, 4.2 years

Exit load: Nil

Tax on JM Short Term Fund returns

JM Short Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹13.1369	30-10-2026
direct	IDCW	₹13.1374	30-10-2026
regular	Growth	₹12.7167	30-10-2026
regular	IDCW	₹12.7173	30-10-2026

About JM Short Term Fund

JM Short Term Fund is a mutual fund from JM Financial Mutual Fund. Its category is Short Duration. It was launched on 29-08-2022. Its benchmark is CRISIL Short Duration Debt A-II Index. At the end of September 2026 it held 19 securities.

Fund Manager

Killol Pandya
Fund manager of JM Short Term Fund, since 05-11-2024
Ruchi Fozdar
Fund manager of JM Short Term Fund, since 03-04-2024
Jayant Dhoot
Fund manager of JM Short Term Fund, since 01-08-2025

See all funds of JM Financial Mutual Fund

AUM change

September 2026: ₹79.24 Cr; −1.04% from June 2026
June 2026: ₹80.07 Cr; +0.60% from May 2026
May 2026: ₹79.59 Cr; −4.19% from April 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare JM Short Term Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

JM Short Term vs Bandhan Short TermShort Duration
JM Short Term vs Axis Short TermShort Duration
JM Short Term vs Mahindra Manulife Short TermShort Duration
JM Short Term vs Bank of India Short TermShort Duration
JM Short Term vs ICICI Prudential Short TermShort Duration
JM Short Term vs JM Dynamic Term29.3% overlap
JM Short Term vs JM Ultra Short to Short Term15.7% overlap
JM Short Term vs Sundaram Conservative Hybrid11.9% overlap

Compare with any other fund

Frequently Asked Questions for JM Short Term Fund

What is the current NAV of JM Short Term Fund?

The Direct plan NAV is ₹13.1369. The Regular plan NAV is ₹12.7167, as on 30-10-2026.

What are the returns of JM Short Term Fund?

The Direct plan returned +4.34% in 1 year, +6.96% a year over 3 years. The Regular plan returned +3.59% in 1 year, +6.17% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of JM Short Term Fund?

The Direct plan charges 0.39% a year. The Regular plan charges 1.09% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of JM Short Term Fund?

JM Short Term Fund managed ₹79.24 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of JM Short Term Fund?

At the end of September 2026 the largest holdings were 6.36% GOI 16-Feb-2031 (11.45%), 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%). The fund held 19 securities in all.

How do I invest in JM Short Term Fund?

Through JM Financial Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.

Who is the fund manager of JM Short Term Fund?

Killol Pandya (since 05-11-2024), Ruchi Fozdar (since 03-04-2024), Jayant Dhoot (since 01-08-2025).

What is the exit load of JM Short Term Fund?

Nil

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.