Income-oriented debt or money-market exposure
The Scheme will endeavor to generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. 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.
Investors matching the scheme's duration and credit profile to their time horizon.
Interest-rate, credit, liquidity and reinvestment risk; debt funds are not fixed deposits.
How the money may be invested
Debt and Money market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years (including securitised debt)* - 0-100% *The Scheme may invest in debt instruments with special features and will be made in accordance with Para-no 13.1.9 of SEBI Master Circular no. HO/24/13/11(1)2026-IMD-POD-1/I/7602/2026 dated March 20, 2026, as amended from time to time. In case of investments in debt securities with special features, the scheme will not invest more than 10% of its NAV of the debt portfolio in such instruments and not more than 5% of its NAV of the debt portfolio in such instruments issued by a single issuer.
- SEBI category
- Short Term Fund
- Fund type
- An open ended short term debt scheme investing in instruments such that the Macaulay duration# of the portfolio is between 1 year to 3 years. A moderate interest rate risk and moderate credit risk.
- Primary benchmark
- CRISIL Short Duration Debt A-II Index
- Secondary benchmark
- Crisil 1 Yr T-Bill Index
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Mr. Killol Pandya, Ms. Ruchi Fozdar, Mr. Jayant Dhoot
- Manager tenure on this scheme
- Since Mr. Killol Pandya - 05/11/2024, Ms. Ruchi Fozdar - 03/04/2024, Mr. Jayant Dhoot - 01/08/2025
- Role / co-management
- Fund Manager - Mr. Killol Pandya, Co-Fund Managers - Ms. Ruchi Fozdar, Mr. Jayant Dhoot
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| JM Short Term Fund - Direct Plan - Growth Option | ₹13.1514 | 04 Sep 2026 |
| JM Short Term Fund - Direct Plan - IDCW Option | ₹13.1519 | 04 Sep 2026 |
| JM Short Term Fund - Regular Plan - Growth Option | ₹12.7446 | 04 Sep 2026 |
| JM Short Term Fund - Regular Plan - IDCW Option | ₹12.7452 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 1.09%, Direct 0.39%
- Exit load
- Nil
- Minimum application
- 1000 · multiples of 1
- SIP frequency
- SIP - Daily, Weekly, Fortnightly, Monthly, Quarterly,SWP - Monthly, Quarterly, Half Yearly ,Yearly ,STP- Daily , Monthly, Fortnightly , Quarterly
- Minimum SIP amount
- 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 instalments for Rs. 500/- each. Further in multiples of Re. 1/-
- Minimum instalments
- SIP - Daily, Weekly, Fortnightly, Monthly, Quarterly - 6; STP - Daily - 60, Weekly - 12 , Fortnightly - 12 , Monthly - 12 Quarterly - 2 , SWP- 5 Instalments
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.