JM Dynamic Term Fund-IDCW: Debt Fund Guide
By Market Desk
Explore the JM Dynamic Term Fund-IDCW Quarterly: an open-ended debt scheme. Understand NAV, expense ratio, AUM, and tax implications for informed investing.
Thinking about where to put your hard-earned money? The JM Dynamic Term Fund-IDCW Quarterly offers a way to invest in debt instruments, aiming for reasonable returns while keeping your funds liquid.
Launched on June 25, 2003, by JM Financial Mutual Fund, this scheme focuses on actively managing a portfolio of high-quality debt and money market instruments.
Fund Snapshot: What You Need to Know
Here are the essential figures for the JM Dynamic Term Fund-IDCW Quarterly as of recent dates:
Its Net Asset Value (NAV) for the IDCW Quarterly option stood at Rs 43.46 on August 27, 2026.
The fund manages Assets Under Management (AUM) of Rs 53.12 crore as of July 31, 2026.
You’ll find its expense ratio for the Regular plan is 0.94% (August 21, 2026), which is lower than the category average of 1.22%.
The minimum investment is Rs 1,000, with additional investments and SIPs starting from just Rs 100.
Performance and Portfolio Overview
The fund, benchmarked against the CRISIL Dynamic Bond B-III Index, falls under the Debt: Dynamic Bond category and carries a ‘Moderate’ risk rating.
It has delivered trailing returns of 3.8% over 1 year, 6.44% over 3 years, 5.63% over 5 years, and 6.53% since its inception.
Your money is strategically allocated, with 30.95% in government-backed securities and 64.20% in other low-risk instruments.
The portfolio’s average maturity is 3.97 years, with a modified duration of 3.02 years and a yield to maturity of 7.19%.
Understanding Your Tax Bill
How your gains are taxed depends on when you invested:
If you invested after April 1, 2023, any capital gains you make will be added to your income.
These gains are then taxed at your personal income tax slab rate.
For investments made before April 1, 2023, the rules are slightly different.
If you redeem within three years, gains are taxed at your slab rate.
If you hold for more than three years, gains are taxed at 20% with indexation benefits.
Also, remember that dividend income from the fund is added to your total income and taxed accordingly.
A 10% TDS (Tax Deducted at Source) applies if your dividend income exceeds Rs 5,000 in a financial year.
The fund is currently managed by Ruchi Fozdar, Killol Pandya, and Jayant Dhoot.