Details as on September 30, 2014 Monthly Market Update by JM Financial Mutual Fund Details as on September 30, 2014 Market Update - Equity ECONOMY July factory output was a disappointment at 0.5% v/s. 3.9% in the month of June. On a use-based classification, both capital goods and consumer goods were in the red at -3.8% and -7.4% respectively. Meanwhile, the September Manufacturing PMI came in at 51v/s. 52.4 in the month of August. Headline CPI remained elevated at 7.8% in August (v/s. 8% in July) but was in line with expectations higher food inflation being offset by softer commodity prices. Core CPI however saw a sharp decline to 6.9% from 7.4% earlier. WPI headline touched a 5 year low at 3.7%. The RBI had its bi-monthly policy meeting in October and it decided to keep the key policy rates unchanged, as was expected by the market. SECTOR-WISE PERFORMANCE Both Sensex and Nifty remained more or less flat during the month of October. September saw a smart recovery in capital market activity with 18 deals totaling $1.1bn during the month. The IPO market also saw a rebound and surprisingly we also saw the return of FCCBs with L&T making a $200mn issuance. FIIs continued to deploy money into Indian equities at a similar pace as August net buying $850mn in September, taking the YTD tally to $13.8bn. DIIs, meanwhile returned to being net sellers in the month with a small net selling of $195mn, increasing the YTD total to $5.4bn. Mutual funds once again bought a net of $527mn while insurers emerged as the sellers. Market Update - Derivatives The September expiry level of the Nifty index was around 0.5% lower than that of the August level. The market-wide rollovers stood at ~79% which is in line with the average rollovers (last three series). The October series started with market wide future open interest of ~INR 646bn as against ~INR 664bn, seen at the start of the September expiry. Short aggression was seen in the rolls. The Nifty rollovers on the last day were at ~72% which was a tad higher compared to average rollovers of ~71% (last three series). The Infrastructure, Media and Pharmaceutical sectors witnessed strong rolls whereas weak rolls were seen in Banking, Metals and Telecom. Volatility in the markets may help churn the arbitrage portfolio and generate good returns. From The Debt Desk Key data and events September, 2014 Government bond yields remained in a range during the month. The new 10 year bond traded at around 8.51% as on 30th September, 2014 as against 8.56 % in the previous month. WPI Inflation: The provisional inflation for the month of August, 2014 was 3.74% as against 5.19% in July, 2014. IIP: The provisional Index of Industrial Production (IIP) for the month of July, 2014 was at 0.50% as against revised IIP of 3.90% for the month of June, 2014. CPI: The Combined Provisional Consumer Price Index (CPI) for the month of August, 2014 was at 7.80% as against revised CPI of 7.96% for the month of July, 2014. Forex reserves: The Forex Reserves as on September 26, 2014 was at USD 314.18 billion as against USD 318.64 billion as on August 29, 2014. Domestic Liquidity: Liquidity remained tight as RBI received average daily bids of around INR 56000 crores during the month in the daily LAF & term repo auction Fixed Income and Currency data: Indian 5 year Corporate Bond yield ended at 9.20% as compared to 9.30%. 3 Month Certificate of Deposit rates ended flat at 8.70% as compared to 8.75%. 12 Month Certificate of Deposit rates ended higher at 9.05% as compared to 9.10%. USD/INR: The local currency ended at Rs. 61.76. Global data: 10 year US bond yield ended lower at 2.49 v/s. 2.35% in the previous month. Source for above Commentry: RBI WSS, Bloomberg and JMF AMC Research 1
JM Equity Fund (An Open-Ended ) INVESTMENT OBJECTIVE : To provide optimum capital growth and appreciation. : Sanjay Chhabaria (Managing this fund since December, 2007 & more than 14 yrs of experience in fund management & equity research) Chaitanya Choksi (Managing this fund since July 18, 2014 and has around 11 years of work experience in the field of equity research and capital markets.) INCEPTION @ : 1st April, 1995 CORPUS (July 14 - Sept 14) TURNOVER RATIO ASSET ALLOCATION BY SECTOR 2 : Option: 49.9610 Option: 20.3370 - Option: 50.4662 - Option: 20.6444 : Qtly - AAUM (`) : 35.20 Crores : 0.0257 Issuer % to NAV ICICI Bank 7.21 Larsen & Toubro 5.45 Motherson Sumi Systems 4.87 ACC 4.83 Tata Motors 4.33 Housing Development Finance Corporation 4.24 State Bank Of India 4.22 Hindustan Petroleum Corporation 4.21 Credit Analysis and Research 4.18 HDFC Bank 4.14 Eicher Motors 4.13 Tata Consultancy Services 3.93 Sundaram Finance 3.75 Crompton Greaves 3.73 HCL Technologies 3.57 Balkrishna Industries 3.56 Oil & Natural Gas Corporation 3.52 Bata India 3.16 Dr Reddy's Laboratories 2.78 Hero Motocorp 2.45 Bharat Forge 2.37 Ultratech Cement 2.27 Cummins India 2.12 AXIS Bank 2.03 Equity less than 2% of corpus 7.82 Total Equity Holdings 98.87 Non Convertible Preference Share 0.06 6% CR Non-Convertible Pref Shares 0.06 Total Debt Holdings 0.06 CBLO & Others* 1.07 Kindly Refer Page No. 9 RISK REPORT Name Beta Sharpe Std. Dev. JM Equity Fund - Option 1.18 0.49 19.05 Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 8.60% (91 day Treasury Bill yield as on Sept 30, 2014) for calculation of Sharpe ratio. JM Basic Fund (An Open-Ended Sector ) INVESTMENT OBJECTIVE INCEPTION @ : 2nd June, 1997 CORPUS (July 14 - Sept 14) TURNOVER RATIO : To provide capital appreciation to its Unitholders through judicious deployment of the corpus of the in sectors categorized under basic industry in the normal parlance and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The fund would continue to remain open-ended with a sector focus. : Asit Bhandarkar (Managing this fund since December, 2006 & total 12 yrs of experience in fund management & equity research). : Option: 18.6146 Option: 12.9982 - Option: 18.8050 - Option: 13.1346 : Qtly - AAUM (`) : 169.81 Crores : 0.0744 Issuer % to NAV Dr Reddy's Laboratories 6.94 Hindustan Petroleum Corporation 6.20 Larsen & Toubro 6.19 Tata Motors 4.86 Crompton Greaves 4.68 Yes Bank 4.37 ACC 4.21 Bharat Forge 3.92 Maruti Suzuki India 3.65 HDFC Bank 3.48 Thermax 3.48 Credit Analysis and Research 3.45 Voltas 3.41 VA Tech Wabag 3.18 Balkrishna Industries 3.15 Motherson Sumi Systems 3.11 Bajaj Finance 2.99 Canara Bank 2.90 Kotak Mahindra Bank 2.87 AXIS Bank 2.78 Cummins India 2.61 Bata India 2.45 SKF India 2.33 Godrej Properties 2.23 Power Finance Corporation 2.09 ICICI Bank 2.07 Equity less than 2% of corpus 5.58 Total Equity Holdings 99.18 CBLO & Others* 0.82 Kindly Refer Page No. 9 Details as on September 30, 2014 ASSET ALLOCATION BY SECTOR RISK REPORT Name Beta Sharpe Std. Dev. JM Basic Fund - Option 1.40 0.43 25.29 Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 8.60% (91 day Treasury Bill yield as on Sept 30, 2014) for calculation of Sharpe ratio. JM Multi Strategy Fund (An Open-Ended Equity Oriented ) INVESTMENT OBJECTIVE : To provide capital appreciation by investing in equity and equity related securities using a combination of strategies. : Sanjay Chhabaria (Managing this fund since February, 2009 & more than 14 years of experience in fund management & equity research). INCEPTION @ : 23rd September, 2008 : Option: 19.4820 Option: 18.1194 - Option: 19.6775 - Option: 18.3144 CORPUS (July 14 - Sept 14) : Qtly - AAUM (`) : 143.63 Crores TURNOVER RATIO : 0.0223 Issuer % to NAV Eicher Motors 12.42 $ ICICI Bank 6.44 Larsen & Toubro 6.05 ACC 4.97 Tata Motors 3.99 Motherson Sumi Systems 3.83 Crompton Greaves 3.83 Power Finance Corporation 3.25 VA Tech Wabag 3.06 HDFC Bank 3.02 HCL Technologies 2.97 State Bank Of India 2.96 Tech Mahindra 2.94 Housing Development Finance Corporation 2.92 Oil & Natural Gas Corporation 2.83 Punjab National Bank 2.76 Balkrishna Industries 2.68 Credit Analysis and Research 2.60 Hero Motocorp 2.45 Hindustan Petroleum Corporation 2.38 Bharat Forge 2.37
Thermax 2.21 Voltas 2.09 Equity less than 2% of corpus 14.50 Total Equity Holdings 99.52 CBLO & Others* 0.48 $ increase over 10% on account of market movements/change in net asset of the scheme. Kindly Refer Page No. 9 ASSET ALLOCATION BY SECTOR Auto Banks Finance Construction Project Industrial Capital Goods Cement Auto Ancillaries Software Oil Construction Industrial Products Petroleum Products Mineral/Mining Consumer Non Durable Total Equity: 99.77% RISK REPORT Name Beta Sharpe Std. Dev. JM Multi Strategy Fund - 1.21 0.51 21.80 Option Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 8.60% (91 day Treasury Bill yield as on Sept 30, 2014) for calculation of Sharpe ratio. JM Tax Gain Fund (An Open-Ended Equity Linked Savings ) INVESTMENT OBJECTIVE INCEPTION @ : 31st March, 2008 CORPUS (July 14 - Sept 14) TURNOVER RATIO 3.03% 2.88% 2.43% 2.27% 1.24% 1.09% 5.65% 8.50% 8.40% 8.06% 7.95% 12.00% : To generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the objective of the scheme will be achieved. : Sanjay Chhabaria: (Managing this fund since October 2010 & more than 14 yrs of experience in fund management & equity research). Chaitanya Choksi (Managing this fund since July 18, 2014 and has around 11 years of work experience in the field of equity research and capital markets.) : Option: 10.3973 Option: 10.3973 - Option: 10.5388 - Option: 10.5391 : Qtly - AAUM (`) : 33.43 Crores : 0.0224 18.61% 17.66% Issuer % to NAV Eicher Motors 11.46 $ Sundaram Finance 5.85 Larsen & Toubro 5.67 ICICI Bank 5.36 Hindustan Petroleum Corporation 4.80 ACC 4.60 Crompton Greaves 4.51 Thermax 4.12 SKF India 4.02 Oil & Natural Gas Corporation 3.97 Power Finance Corporation 3.51 Balkrishna Industries 3.48 Punjab National Bank 3.45 Voltas 2.71 Motherson Sumi Systems 2.66 Tata Motors 2.63 Housing Development Finance Corporation 2.53 Bajaj Finance 2.44 Bata India 2.38 Grasim Industries 2.12 Jaiprakash Associates 2.10 HDFC Bank 2.09 Cummins India 2.01 Equity less than 2% of corpus 10.16 Total Equity Holdings 98.63 CBLO & Others* 1.37 $ increase over 10% on account of market movements/change in net asset of the scheme. ASSET ALLOCATION BY SECTOR Kindly Refer Page No. 9 RISK REPORT Name Beta Sharpe Std. Dev. JM Tax Gain Fund - Option 1.16 0.57 21.33 Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 8.60% (91 day Treasury Bill yield as on Sept 30, 2014) for calculation of Sharpe ratio. JM Balanced Fund (An Open-Ended Balanced ) INVESTMENT OBJECTIVE : To provide steady current income as well as long term growth of capital. : Sanjay Chhabaria (Managing this fund since February, 2008 & more than 14 years of experience in fund management & equity research). INCEPTION @ : 1st April, 1995 : Option: 36.6415 Option: 26.1345 Annual Option: 26.1342 - Option: 37.4532 - Option: 26.4075 -Annual Option: 37.4460 Annual Option: 26.4049 CORPUS (July 14 - Sept 14) : Qtly - AAUM (`) : 7.00 Crores TURNOVER : 1.4192 RATIO Issuer Details as on September 30, 2014 % to NAV ITC 6.59 Infosys 5.57 ICICI Bank 5.33 HDFC Bank 5.25 Housing Development Finance Corporation 5.22 Tata Consultancy Services 4.95 Reliance Industries 4.82 Larsen & Toubro 3.78 Tata Motors 3.16 State Bank Of India 2.41 Oil & Natural Gas Corporation 2.14 AXIS Bank 2.06 Sun Pharmaceuticals Industries 2.01 Mahindra & Mahindra 2.00 Equity less than 2% of corpus 19.43 Total Equity Holdings 74.72 CBLO & Others* 25.28 ASSET ALLOCATION BY SECTOR Kindly Refer Page No. 9 JM Core 11 Fund (An Open-Ended equity oriented scheme) INVESTMENT OBJECTIVE : To provide long-term growth by investing predominantly in a concentrated portfolio of equity / equity related instruments : Asit Bhandarkar (Managing this fund since February, 2009 & total 12 yrs of experience in fund management & equity research). Chaitanya Choksi (Managing this fund since July 18, 2014 and has around 11 years of work experience in the field of equity research and capital markets.) INCEPTION @ : 5th March, 2008 CORPUS (July 14 - Sept 14) TURNOVER RATIO : Option: 5.2115 Option: 5.2114 - Option: 5.2733 - Option: 5.2565 : Qtly - AAUM (`) : 39.66 Crores : 0.1145 ASSET ALLOCATION BY SECTOR 3
Issuer % to NAV Tech Mahindra 10.58 $ Motherson Sumi Systems 10.19 $ Hindustan Petroleum Corporation 9.51 Crompton Greaves 9.35 Tata Motors 9.24 Yes Bank 8.74 Power Finance Corporation 8.51 ICICI Bank 8.50 Oil & Natural Gas Corporation 8.41 Larsen & Toubro 8.16 State Bank Of India 7.46 Total Equity Holdings 98.65 CBLO & Others* 1.35 $ increase over 10% on account of market movements/change in net asset of the scheme. Kindly Refer Page No. 9 RISK REPORT Name Beta Sharpe Std. Dev. JM Core 11 Fund - Option 1.55 0.44 26.85 Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 8.60% (91 day Treasury Bill yield as on Sept 30, 2014) for calculation of Sharpe ratio. JM MIP Fund (An Open-Ended Monthly Income Fund with no assured return. Monthly Income is not assured and is subject to the availability of the distributable surplus.) INVESTMENT OBJECTIVE FUND MANAGER 4 : To generate regular income, primarily through s in fixed income securities so as to make monthly, quarterly and annual dividend distribution, declare bonus in the growth option. The Fund would also aim to achieve capital appreciation through investing a portion of its assets in equity and equity related securities. : Shalini Tibrewala (Managing this fund since September, 2003 & over 14 years of experience in fund management & financial services sector). INCEPTION @ : 18th September, 2003 CORPUS (July 14 - Sept 14) : Option: 20.5169 Option-Monthly : 11.3517 Option-Quarterly : 15.4596 Option-Annual : 16.4824 - Option: 21.2409 - Option-Monthly : 11.9871 - Option-Quarterly : 15.9008 - Option-Annual : 17.0633 : Qtly - AAUM (`) : 4.79 Crores Issuer ASSET ALLOCATION BY SECTOR % to NAV ACC 1.48 HDFC Bank 1.84 Larsen & Toubro 3.07 Total Equity Holdings 6.39 CBLO & Others* 93.61 Kindly Refer Page No. 10 STATISTICS Current Yield 6.61% Duration 0.0027 years Average Maturity 0.0027 years JM Arbitrage Advantage Fund (An Open-Ended Equity Oriented ) INVESTMENT OBJECTIVE INCEPTION @ : 18th July, 2006 CORPUS (July 14 - Sept 14) TURNOVER RATIO Issuer : To generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. : Chaitanya Choksi (Managing this fund since Feb 1, 2011 and has around 11 years of work experience in the field of equity research and capital markets.) Asit Bhandarkar (Managing this fund since July 18, 2014 & total 12 yrs of experience in fund management & equity research). Sanjay Chhabaria: (Managing this fund since July 18, 2014 & more than 14 yrs of experience in fund management & equity research). : Option: 10.3635 Option: 18.5825 Option: 18.5705 - Option: 10.5551 - Option: 18.7490 Option: 18.7279 : Qtly - AAUM (`) : 4167.88 Crores : 0.2879 Market Value (` In Lacs) % to NAV Market Value (` In Lacs) Futures Auto 41390.94 7.26 (41677.40) Ashok Leyland 506.97 0.09 Ashok Leyland - Futures (508.82) Bajaj Auto 2236.96 0.39 Bajaj Auto - Futures (2246.33) Hero Motocorp 5991.45 1.05 Hero Motocorp - Futures (6037.98) Details as on September 30, 2014 Mahindra & Mahindra 1268.95 0.22 Mahindra & Mahindra - Futures (1277.66) Maruti Suzuki India 8683.18 1.52 Maruti Suzuki India - Futures (8743.14) Tata Motors 22703.43 3.99 Tata Motors - Futures (22863.47) Auto Ancillaries 2742.96 0.48 (2752.66) Apollo Tyre 2563.18 0.45 Apollo Tyre - Futures (2571.98) Exide Industries 179.78 0.03 Exide Industries - Futures (180.68) Banks 69259.56 12.16 (69643.95) Allahabad Bank 1502.17 0.26 Allahabad Bank - Futures (1510.49) Andhra Bank 625.44 0.11 Andhra Bank - Futures (630.24) AXIS Bank 6189.56 1.09 AXIS Bank - Futures (6169.89) Bank Of Baroda 5711.56 1.00 Bank Of Baroda - Futures (5748.59) Bank of India 1071.84 0.19 Bank of India - Futures (1079.69) Federal Bank 1273.60 0.23 Federal Bank - Futures (1278.16) HDFC Bank 14529.62 2.55 HDFC Bank - Futures (14665.32) ICICI Bank 8117.48 1.43 ICICI Bank - Futures (8171.55) IDBI Bank 270.17 0.05 IDBI Bank - Futures (271.95) Indian Overseas Bank 259.24 0.05 Indian Overseas Bank - Futures (261.29) IndusInd Bank 3803.89 0.67 IndusInd Bank - Futures (3808.48) Oriental Bank of Commerce 578.72 0.10 Oriental Bank of Commerce - Futures (583.00) Punjab National Bank 9019.40 1.58 Punjab National Bank - Futures (9074.80) State Bank Of India 13527.78 2.37 State Bank Of India - Futures (13592.77) Syndicate Bank 1720.20 0.30 Syndicate Bank - Futures (1731.24) The Karnataka Bank 411.32 0.07 The Karnataka Bank - Futures (414.05) UCO BANK 647.57 0.11 UCO BANK - Futures (652.44) Cement 19460.01 3.42 (19583.85) ACC 5258.81 0.92 ACC - Futures (5303.15) Ambuja Cements 5791.27 1.02 Ambuja Cements - Futures (5811.60) Century Textiles & Industries 2393.60 0.42 Century Textiles & Industries - Futures (2410.10) Grasim Industries 5894.78 1.04 Grasim Industries - Futures (5936.64) India Cements 121.55 0.02 India Cements - Futures (122.36) Chemicals 3043.43 0.53 (3068.96) Tata Chemicals 3043.43 0.53 Tata Chemicals - Futures (3068.96) Construction 8420.72 1.48 (8476.13) DLF 853.81 0.15 DLF - Futures (858.91) Indiabulls Real Estate 1282.50 0.23 Indiabulls Real Estate - Futures (1292.95) IRB Infrastructure Developers 2237.05 0.39 IRB Infrastructure Developers - (2245.76) Futures Jaiprakash Associates 2659.81 0.47 Jaiprakash Associates - Futures (2679.92) Unitech 1387.55 0.24 Unitech - Futures (1398.59) Construction Project 14290.69 2.51 (14358.34) GMR INFRASTRUCTURE 2002.46 0.35 GMR INFRASTRUCTURE - Futures (2019.57)
Larsen & Toubro 10258.79 1.80 Larsen & Toubro - Futures (10301.35) Voltas 2029.44 0.36 Voltas - Futures (2037.42) Consumer Durables 4687.35 0.82 (4724.11) Titan Company 4687.35 0.82 Titan Company - Futures (4724.11) Consumer Non Durables 25484.33 4.46 (25624.58) Asian Paints 4690.15 0.82 Asian Paints - Futures (4718.46) Bata India 192.06 0.03 Bata India - Futures (192.94) Colgate Palmolive (India) 2853.43 0.50 Colgate Palmolive (India) - Futures (2862.35) Dabur India 75.53 0.01 Dabur India - Futures (76.11) ITC 13208.74 2.32 ITC - Futures (13283.66) Mcleod Russel India 5.81 0.00 Mcleod Russel India - Futures (5.87) Tata Global Beverages 4458.61 0.78 Tata Global Beverages - Futures (4485.19) Diversified 1920.29 0.34 (1936.29) Aditya Birla Nuvo 1920.29 0.34 Aditya Birla Nuvo - Futures (1936.29) Ferrous Metals 19144.51 3.36 (19294.66) Jindal Steel & Power 5171.90 0.91 Jindal Steel & Power - Futures (5213.81) JSW Steel 2872.78 0.50 JSW Steel - Futures (2896.39) Tata Iron & Steel Co 11099.83 1.95 Tata Iron & Steel Co - Futures (11184.46) Finance 41700.14 7.32 (41887.85) Housing Development Finance 13135.22 2.31 Corporation Housing Development Finance (13202.44) Corporation - Futures IDFC 12303.09 2.16 IDFC - Futures (12347.91) IFCI 2525.74 0.44 IFCI - Futures (2539.87) L&T Finance Holdings 644.16 0.11 L&T Finance Holdings - Futures (648.06) LIC Housing Finance 5201.49 0.91 LIC Housing Finance - Futures (5220.67) Mahindra & Mahindra Financial 462.38 0.08 Services Mahindra & Mahindra Financial (464.24) Services - Futures Power Finance Corporation 896.17 0.16 Power Finance Corporation - Futures (902.67) Reliance Capital 2777.64 0.49 Reliance Capital - Futures (2791.97) Rural Electrification Corp 3754.25 0.66 Rural Electrification Corp - Futures (3770.02) Gas 1141.43 0.20 (1148.74) G A I L (India) 319.11 0.06 G A I L (India) - Futures (320.35) Indraprastha Gas 822.32 0.14 Indraprastha Gas - Futures (828.39) Industrial Capital Goods 2029.73 0.36 (2038.66) Crompton Greaves 1202.58 0.21 Crompton Greaves - Futures (1207.96) Siemens 827.15 0.15 Siemens - Futures (830.70) Industrial Products 1855.69 0.33 (1867.69) Bharat Forge 1276.12 0.23 Bharat Forge - Futures (1284.56) Jain Irrigation Systems 579.57 0.10 Jain Irrigation Systems - Futures (583.13) Media & Entertainment 2425.45 0.43 (2441.22) Dish TV 801.29 0.14 Dish TV - Futures (807.24) Zee Entertainment Enterprises 1624.16 0.29 Zee Entertainment Enterprises - (1633.98) Futures Mineral/Mining 5396.87 0.95 (5418.54) Coal India 1778.43 0.31 Coal India - Futures (1789.90) NMDC 1296.74 0.23 NMDC - Futures (1301.83) Sesa Sterlite 2321.70 0.41 Sesa Sterlite - Futures (2326.81) Non Ferrous Metals 5975.12 1.05 (6003.24) Hindalco Industries 5862.45 1.03 Hindalco Industries - Futures (5890.50) Hindustan Zinc 112.67 0.02 Hindustan Zinc - Futures (112.74) Oil 4601.02 0.81 (4634.01) Cairn India 511.43 0.09 Cairn India - Futures (513.89) Oil & Natural Gas Corporation 4089.59 0.72 Oil & Natural Gas Corporation - (4120.12) Futures Petroleum Products 31314.80 5.50 (31483.82) Bharat Petroleum Corp 9342.73 1.64 Bharat Petroleum Corp - Futures (9382.64) Hindustan Petroleum Corporation 4913.11 0.86 Hindustan Petroleum Corporation (4933.49) - Futures Indian Oil Corporation 4015.39 0.71 Indian Oil Corporation - Futures (4027.58) Reliance Industries 13043.57 2.29 Reliance Industries - Futures (13140.11) Pharmaceuticals 41239.06 7.24 (41510.08) Aurobindo Pharma 6187.12 1.09 Aurobindo Pharma - Futures (6226.74) Biocon 3058.95 0.54 Biocon - Futures (3083.51) Cipla 2005.76 0.35 Cipla - Futures (2013.28) Divi'S Laboratories 549.11 0.10 Divi'S Laboratories - Futures (553.15) Dr Reddy's Laboratories 1622.87 0.28 Dr Reddy's Laboratories - Futures (1634.56) Glenmark Phramaceuticals Limted 902.25 0.16 Glenmark Phramaceuticals Limted (908.00) - Futures Lupin 16091.84 2.82 Lupin - Futures (16226.75) Ranbaxy Laboratories 6672.07 1.17 Ranbaxy Laboratories - Futures (6707.01) Sun Pharmaceuticals Industries 4149.09 0.73 Sun Pharmaceuticals Industries - (4157.08) Futures Power 18903.26 3.31 (19003.09) ADANI POWER 562.46 0.10 ADANI POWER - Futures (565.70) Jaiprakash Power Ventures 524.77 0.09 Jaiprakash Power Ventures - Futures (528.98) JSW Energy 79.18 0.01 JSW Energy - Futures (79.58) NHPC 156.38 0.03 NHPC - Futures (157.58) NTPC 9086.01 1.59 NTPC - Futures (9121.94) Power Grid Corp of India 1971.95 0.35 Power Grid Corp of India - Futures (1984.34) Reliance Infrastructure 254.67 0.04 Reliance Infrastructure - Futures (256.35) Reliance Power 3337.84 0.59 Reliance Power - Futures (3359.21) Tata Power Company 2930.00 0.51 Tata Power Company - Futures (2949.41) Software 27466.68 4.82 (27624.99) HCL Technologies 8170.78 1.43 HCL Technologies - Futures (8211.52) Hexaware Technologies 374.14 0.07 Hexaware Technologies - Futures (376.93) Tata Consultancy Services 10046.74 1.76 Tata Consultancy Services - Futures (10109.70) Tech Mahindra 5595.60 0.98 Tech Mahindra - Futures (5628.19) Details as on September 30, 2014 Wipro 3279.42 0.58 Wipro - Futures (3298.65) Telecom-Services 3553.14 0.62 (3574.18) Bharti Airtel 291.74 0.05 Bharti Airtel - Futures (293.65) Idea Cellular 212.61 0.04 Idea Cellular - Futures (213.76) Reliance Communications 2271.06 0.40 Reliance Communications - Futures (2282.53) Tata Communications 777.73 0.13 Tata Communications - Futures (784.24) Textile Products 213.77 0.04 (215.39) Arvind 213.77 0.04 Arvind - Futures (215.39) Transportation 4629.53 0.81 (4659.56) Mundra Port and Special Economic 4629.53 0.81 Zone Mundra Port and Special Economic (4659.56) Zone - Futures Total Equity Holdings 402290.48 70.61 (404651.99) Issuer ASSET ALLOCATION BY SECTOR Kindly Refer Page No. 9 Market Value (` In Lacs) % to NAV Rating COMMERCIAL PAPER 19247.70 3.38 Tata Motors Finance 19247.70 3.38 ICRA A1+ Fixed Deposit Margin 130400.00 22.89 HDFC Bank 17500.00 3.07 IndusInd Bank 46000.00 8.07 The Ratnakar Bank 2500.00 0.44 Yes Bank 64400.00 11.30 OTHER MUTUAL FUND UNITS 4001.02 0.70 JM High Liquidity Fund - 4001.02 0.70 Option Total Debt Holdings 153648.72 26.97 CBLO & Others* 13805.53 2.42 Total Assets 569744.73 100.00 Note: Nifty Futures that are sold is a complete hedge against the purchase of Nifty Basket. Although classified under Equity category, Risk ratios are not calculated for JM Arbitrage Advantage Fund as the scheme is benchmarked to CLFI. 5
JM High Liquidity Fund (An Open - Ended Liquid ) INVESTMENT OBJECTIVE FUND MANAGER : To provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market instruments. : Shalini Tibrewala (Managing this fund since December, 1997 & over 14 years of experience in fund management & financial services sector). INCEPTION @ : Option: 31st December, 1997 Weekly Option: 31st December, 1997 Daily Option: 2nd July, 2001 Quarterly Option.: 23rd Sept, 2003 Option: 17th August, 2002 Institutional Plan - : 4th April, 2003 Institutional Plan - WDO: 4th April, 2003 Institutional Plan - DDO: 28th July, 2003 Super Institutional Plan - :19th May, 2004 Super Institutional Plan - DDO:19th May, 2004 Super Institutional Plan - WDO: 19th May, 2004 : Option: 36.5549 Weekly Option: 11.0035 Daily Option: 10.4302 Option: 11.7050 Quarterly Option: 20.6903 - Option: 36.6150 -Weekly Option: 11.0061 -Daily Option: 10.4302 - Option: 11.7367 -Quarterly Option: 20.7476 Institutional Plan: Option: 22.0760 Daily Option: 10.0159 Super Institutional Plan: Option: 21.0199 CORPUS : Qtly - AAUM (`) : 5019.28 Crores (July 14 - Sept 14) Issuer % to NAV Rating Money Market Instruments 94.92 Certificate of Deposits Allahabad Bank 3.76 ICRA A1+ Andhra Bank 5.00 CARE A1+ Canara Bank 20.26 CRISIL A1+ IDBI Bank 5.02 CRISIL A1+ IndusInd Bank 2.51 CRISIL A1+ Jammu & Kashmir Bank 5.05 CRISIL A1+ Oriental Bank of Commerce 2.75 CRISIL A1+ Punjab & Sind Bank 5.02 ICRA A1+ Syndicate Bank 7.49 CARE A1+ Commercial Paper Blue Star 1.25 CARE A1+ HSIL 1.99 CARE A1+ IIFL Holdings 2.49 ICRA A1+ National Fertilizers 2.49 CRISIL A1+ Nirma 5.01 CRISIL A1+ Reliance Infrastructures 9.93 IND A1+ Religare Securities 4.97 ICRA A1+ RHC Holding 4.96 ICRA A1+ (SO) Simplex Infrastructures 4.97 CARE A1+ Fixed Deposit 11.35 Syndicate Bank 6.31 UCO Bank 5.04 Treasury Bills 0.25 91 Day T-Bill 0.25 GOI SOV Total Debt Holdings 106.52 CBLO & Others* (6.52) ASSET ALLOCATION Kindly Refer Page No. 10 STATISTICS Current Yield 9.14% Duration 0.1065 years Average Maturity 0.1065 years JM Money Manager Fund - Regular Plan (An Open - Ended Debt ) INVESTMENT OBJECTIVE : To generate stable long term returns with low risk strategy and capital appreciation/accretion through s in debt instruments and related securities besides preservation of capital. : Vikas Agrawal (Managing this fund since July, 2011 & has total 10 years of experience in fixed income market). INCEPTION @ : Regular Plan - : 27th Sept, 2006 Regular Plan - DDO: 27th Sept, 2006 Regular Plan - WDO: 26th July, 2007 Regular Plan - FDO: 26th Sept, 2008 Regular Plan - : 18th March, 2013 CORPUS (July 14 - Sept 14) : Regular Plan - Option: 18.6313 Daily Option: 10.0350 Weekly Option: 10.6085 Fortnightly Option: 10.2529 Option: 18.6313 - Option: 18.6761 -Daily Option: 10.0350 -Weekly Option: 10.6264 -Fortnightly Option: 10.2783 - Option: 18.6971 : Qtly - AAUM (`) : 98.36 Crores ASSET ALLOCATION Kindly Refer Page No. 10 Details as on September 30, 2014 Issuer % to NAV Rating Money Market Instruments 99.25 Certificate of Deposits Bank of India 14.45 CRISIL A1+ Canara Bank 15.07 CRISIL A1+ Jammu & Kashmir Bank 6.34 CRISIL A1+ Karur Vysya Bank 2.77 CRISIL A1+ Punjab National Bank 30.12 $ ICRA A1+ Union Bank of India 15.06 CRISIL A1+ Commercial Paper Kotak Mahindra Investments 15.44 CRISIL A1+ Total Debt Holdings 99.25 CBLO & Others* 0.75 $ increase over 30% on account of market movements/change in net asset of the scheme. STATISTICS Current Yield 8.78% Duration 0.3560 years Average Maturity 0.3560 years JM Money Manager Fund - Super Plan (An Open - Ended Debt ) INVESTMENT OBJECTIVE : To generate stable long term returns with low risk strategy and capital appreciation/ accretion through s in debt instruments and related securities besides preservation of capital. : Vikas Agrawal (Managing this fund since July, 2011 & has total 10 years of experience in fixed income market). INCEPTION @ : Super Plan - : 27th Sept, 2006 Super Plan - DDO: 27th Sept, 2006 Super Plan - WDO: 12th October, 2007 Super Plan - FDO: 2nd April, 2008 Super Plan - : 18th March, 2013 CORPUS (July 14 - Sept 14) : Option: 19.1462 Daily Option: 10.0333 Weekly Option: 10.6431 Fortnightly Option: 10.3210 Option: 10.6664 - Option: 19.1994 -Daily Option: 10.0419 -Weekly Option: 10.6587 -Fortnightly Option: 10.3331 - Option: 10.6762 : Qtly - AAUM (`) : 333.98 Crores 6
Details as on September 30, 2014 Issuer % to NAV Rating Money Market Instruments 99.78 Certificate of Deposits Bank of Baroda 7.60 ICRA A1+ Bank of India 23.07 CRISIL A1+ Canara Bank 7.60 CRISIL A1+ Punjab National Bank 22.78 ICRA A1+ State Bank of Patiala 15.49 ICRA A1+ Union Bank of India 22.79 CRISIL A1+ Vijaya Bank 0.45 CARE A1+ Total Debt Holdings 99.78 CBLO & Others* 0.22 ASSET ALLOCATION Kindly Refer Page No. 10 STATISTICS Current Yield 8.70% Duration 0.3979 years Average Maturity 0.3979 years JM Money Manager Fund - Super Plus Plan (An Open - Ended Debt ) INVESTMENT OBJECTIVE : To generate stable long term returns with low risk strategy and capital appreciation/accretion through s in debt instruments and related securities besides preservation of capital. : Vikas Agrawal (Managing this fund since September 24, 2014 & has total 10 years of experience in fixed income market). INCEPTION @ : Super Plus Plan - : 27th Sept, 2006 Super Plus Plan - DDO: 27th Sept, 2006 Super Plus Plan - WDO: 16th July, 2007 Super Plus Plan - FDO: 12th July, 2007 Super Plus Plan - : 18th March, 2013 CORPUS (July 14 - Sept 14) : Option: 18.9604 Daily Option: 10.0171 Weekly Option: 10.6376 Fortnightly Option: 10.3528 Option: 11.4219 - Option: 18.9936 -Daily Option: 10.0171 -Weekly Option: 10.6551 -Fortnightly Option: 10.3680 - Option: 11.4419 : Qtly - AAUM (`) : 1134.61 Crores Issuer % to NAV Rating Money Market Instruments 91.03 Certificate of Deposits AXIS Bank 5.09 CRISIL A1+ Bank of India 7.50 CRISIL A1+ Canara Bank 17.78 CRISIL A1+ Corporation Bank 15.28 CRISIL A1+ Punjab National Bank 12.51 ICRA A1+ State Bank of Travancore 5.00 CRISIL A1+ Union Bank of India 10.11 CRISIL A1+ Commercial Paper NABARD 5.11 CRISIL A1+ Ranbaxy Laboratories 5.13 ICRA A1+ Sundaram BNP Paribas Home Finance 5.03 ICRA A1+ Sundaram Finance 2.49 CRISIL A1+ Corporate Debt 8.33 Power Finance Corporation 1.06 CRISIL AAA Rural Electrification Corporation 1.04 CRISIL AAA Tata Motors Finance 6.23 CRISIL AA Total Debt Holdings 99.36 CBLO & Others* 0.64 ASSET ALLOCATION Kindly Refer Page No. 10 STATISTICS Current Yield 8.77% Duration 0.3359 years Average Maturity 0.3445 years JM Floater Long Term Fund (An Open-Ended Income ) INVESTMENT OBJECTIVE FUND MANAGER : To provide regular income and capital appreciation through in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments. : Shalini Tibrewala (Managing this fund since March, 2006 & has over 14 years of experience in fund management & financial services sector). INCEPTION @ : : 25th June, 2003 : 25th June, 2003 Daily Option: 22nd May, 2007 Weekly Option: 22nd May, 2007 : 18th March, 2013 Premium Plan - : 13th October, 2004 Premium Plan - : 13th October, 2004 Premium Plan - DDO: 15th May, 2007 Premium Plan - WDO: 18th May, 2007 : Option: 20.3138 Option: 20.3844 Daily Option: 10.0065 Wkly Option: 10.5460 Option: 20.3140 - Option: 20.4674 - Option: 20.6031 -Daily Option: 10.0068 -Wkly Option: 10.5567 - Option: 20.4445 Premium Plan - Option: 19.6324 Option: 10.3644 Daily Option: 10.0068 Wkly Option: 10.5817 CORPUS : Qtly - AAUM (`) : 501.09 Crores (July 14 - Sept 14) Issuer % to NAV Rating Money Market Instruments 94.35 Certificate of Deposits Bank of India 46.60 $ CRISIL A1+ Commercial Paper RHC Holding 47.75 $ ICRA A1+ (SO) Total Debt Holdings 94.35 CBLO & Others* 5.65 $ increase over 30% on account of market movements/change in net asset of the scheme. ASSET ALLOCATION Money Market Instruments 94.35% Kindly Refer Page No. 10 STATISTICS Current Yield 9.85% Duration 0.2537 years Average Maturity 0.2537 years JM Floater Short Term Fund (An Open-Ended Liquid ) INVESTMENT OBJECTIVE : To provide regular income and capital appreciation through in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments. : Shalini Tibrewala (Managing this fund since September, 2006 & over 14 years of experience in fund management & financial services sector). INCEPTION @ : : 25th June, 2003 Daily Option: 25th June, 2003 : 18th March, 2013 CBLO & Others* CORPUS (July 14 - Sept 14) 5.65% : Option : 20.7413 Daily Option : 10.0883 Option : 20.7413 - Option : 20.7951 -Daily Option : 10.0884 - Option : 20.7923 : Qtly - AAUM (`) : 5.41 Crores Issuer % to NAV Rating CBLO & Others* 100.00 ASSET ALLOCATION Kindly Refer Page No. 10 STATISTICS Current Yield 6.61% Duration 0.0027 Years Avg. Maturity 0.0027 Years 7
Details as on September 30, 2014 JM Short Term Fund (An Open-Ended Income ) INVESTMENT OBJECTIVE : To generate regular returns and high level of liquidity with low risk strategy and capital appreciation / accretion through in debt instruments and related securities besides preservation of capital. : Vikas Agrawal (Managing this fund since August 8, 2014 & has total 10 years of experience in fixed income market). INCEPTION @ : Regular Plan - : 24th June, 2002 Regular Plan - : 24th June, 2002 Regular Plan - DDO: 31st March, 2011 : 4th April, 2003 : 4th April, 2003 Daily Option: 6th April, 2011 CORPUS (July 14 - Sept 14) ASSET ALLOCATION : Option: 18.7990 Option: 10.5473 Daily Option: 10.0416 - Option: 18.8714 - Option: 10.5825 -Daily Option: 10.2460 Regular- Option: 25.7770 Regular- Option: 11.6089 Regular-Daily Option: 10.0332 : Qtly - AAUM (`) : 52.03 Crores Issuer % to NAV Rating Money Market Instruments 29.94 Certificate of Deposits Jammu & Kashmir Bank 29.94 CRISIL A1+ Government Securities 15.16 8.60% GOI 2028 5.01 GOI SOV 8.83% GOI 2023 10.15 GOI SOV Corporate Debt 39.93 Power Grid Corporation 14.65 CRISIL AAA LIC Housing Finance 10.24 CRISIL AAA Power Finance Corporation 15.04 CRISIL AAA Treasury Bills 9.97 91 Day T-Bill 9.97 GOI SOV Total Debt Holdings 95.00 CBLO & Others* 5.00 JM Income Fund (An Open-Ended Income ) INVESTMENT OBJECTIVE : To generate stable long term returns with low risk strategy and capital appreciation / accretion through in debt instruments and related securities besides preservation of capital. : Vikas Agrawal (Managing this fund since August 8, 2014 & has total 10 years of experience in fixed income market). INCEPTION @ : Option: 1st April, 1995 Quarterly Option: 1st April, 1995 Option: 18th March, 2002 : Option : 37.5251 Quarterly Option : 12.7587 Option : 15.3519 - Option : 38.1701 -Quarterly Option: 13.1819 - Option : 15.9593 CORPUS (July 14 - Sept 14) : Qtly - AAUM (`) : 20.57 Crores Issuer % to NAV Rating Government Securities 68.56 8.60% GOI 2028 42.68 GOI SOV 9.23% GOI 2043 25.88 GOI SOV Corporate Debt 26.24 Power Grid Corporation 13.92 CRISIL AAA Power Finance Corporation 12.32 CRISIL AAA Total Debt Holdings 94.80 CBLO & Others* 5.20 ASSET ALLOCATION Kindly Refer Page No. 9 STATISTICS Current Yield 8.76% Duration 8.0707 Years Avg. Maturity 16.3912 Years JM G-Sec Fund (An Open-Ended Dedicated Gilt ) INVESTMENT OBJECTIVE ASSET ALLOCATION : To provide ultimate level of safety to its unitholders through s in sovereign securities issued by the Central and State Government. : Vikas Agrawal (Managing this fund since August 8, 2014 & has total 10 years of experience in fixed income market). INCEPTION @ : Option : 29th September, 1999 Quarterly Option : 29th September, 1999 Option : 30th November, 2002 : Option : 40.0160 Quarterly Option : 18.2882 Option : 19.4598 - Option : 40.4380 -Quarterly Option: 18.5815 - Option : 20.2381 CORPUS : Qtly - AAUM (`) : 11.27 Crores (July 14 - Sept 14) Issuer % to NAV Rating Government Securities 81.22 8.60% GOI 2028 33.63 GOI SOV 9.23% GOI 2043 47.59 GOI SOV Total Debt Holdings 81.22 CBLO & Others* 18.78 Kindly Refer Page No. 9 STATISTICS Current Yield 8.34% Duration 7.9366 Years Avg. Maturity 18.8699 Years Kindly Refer Page No. 9 STATISTICS Current Yield 8.98% Duration 2.4486 Years Avg. Maturity 3.4443 Years (*) Others may include net receivables / payables, cash, cash equivalents, stocks in transition and other instruments such as warrants, convertibles etc. 8
ANNEXURE FOR RETURNS OF ALL THE SCHEMES Performance as on September 30, 2014 Name Sept 30, 2013 to Sept 30, 2014 Sept 30, 2012 to Sept 30, 2013 Sept 30, 2011 to Sept 30, 2012 Details as on September 30, 2014 Since inception till Sept 30, 2014 (CAGR) Inception Date@ Equity s Funds Managed by Sanjay Chhabaria JM Balanced Fund 14680 46.80 10633 6.33 11280 12.80 109056 13.03 1-Apr-95 Bench Mark Crisil Balanced Fund Index 12889 28.89 10187 1.87 11372 13.72 N A N A Crisil 1 Year T Bill* 10835 8.35 10570 5.70 10811 8.11 39040 7.23 S & P Nifty Index* 13887 38.87 10056 0.56 11538 15.38 80433 11.27 JM Multi Strategy Fund 16442 64.42 9334 (6.66) 11144 11.44 19482 11.71 23-Sep-08 Bench Mark BSE 500 14492 44.92 9741 (2.59) 11285 12.85 19598 11.82 S & P Nifty Index* 13887 38.87 10056 0.56 11538 15.38 19300 11.54 Funds Managed by Asit Bhandarkar JM Basic Fund 16186 61.86 8675 (13.25) 11885 18.85 150129 16.91 2-June-97 Bench Mark BSE 200 Index 14250 42.50 9889 (1.11) 11377 13.77 88860 13.43 S & P Nifty Index* 13887 38.87 10056 0.56 11538 15.38 74790 12.30 Funds jointly managed by Chaitanya Choksi and Sanjay Chhabaria JM Equity Fund 15059 50.59 9623 (3.77) 11245 12.45 49961 8.59 1-Apr-95 Bench Mark BSE Sensex 13741 37.41 10329 3.29 11403 14.03 81665 11.36 S & P Nifty Index* 13887 38.87 10056 0.56 11538 15.38 80433 11.27 JM Tax Gain Fund 16523 65.23 9480 (5.20) 11301 13.01 10397 0.60 31-Mar-08 Bench Mark BSE 500 14492 44.92 9741 (2.59) 11285 12.85 16522 8.03 S & P Nifty Index* 13887 38.87 10056 0.56 11538 15.38 16823 8.33 Funds jointly managed by Chaitanya Choksi and Asit Bhandarkar JM Core 11 Fund 16274 62.74 8982 (10.18) 11410 14.10 5212 (9.44) 5-Mar-08 Bench Mark BSE Sensex 13741 37.41 10329 3.29 11403 14.03 16099 7.51 S & P Nifty Index* 13887 38.87 10056 0.56 11538 15.38 16184 7.60 Funds jointly managed by Chaitanya Choksi, Asit Bhandarkar and Sanjay Chhabaria JM Arbitrage Advantage Fund 10917 9.17 10852 8.52 10957 9.57 18583 7.84 18-July-06 Bench Mark Crisil Liquid Fund Index 10949 9.49 10859 8.59 10865 8.65 18057 7.46 S & P Nifty Index # 13887 38.87 10056 0.56 11538 15.38 26606 12.66 # performance may not be strictly comparable with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. Performance as on September 30, 2014 Name Sept 30, 2013 to Sept 30, 2014 Sept 30, 2012 to Sept 30, 2013 Sept 30, 2011 to Sept 30, 2012 Since inception till Sept 30, 2014 (CAGR) Inception Date@ Debt s Funds Managed by Vikas Agrawal JM Gsec Fund 10615 6.15 10538 5.38 11350 13.50 40016 9.68 29-Sep-99 Bench Mark I Sec Composite Index 11112 11.12 10497 4.97 11007 10.07 N A N A Crisil 10 Year G Sec Paper* 10685 6.85 10243 2.43 10805 8.05 N A N A JM Income Fund 10665 6.65 10546 5.46 10991 9.91 37525 7.01 1-Apr-95 Bench Mark Crisil Composite Bond Fund Index 11161 11.61 10349 3.49 10953 9.53 N A N A Crisil 10 Year G Sec Paper* 10685 6.85 10243 2.43 10805 8.05 N A N A JM Short Term Fund 10909 9.09 10714 7.14 11050 10.50 18799 5.64 24-June-02 Bench Mark Crisil Liquid Fund Index 10949 9.49 10859 8.59 10867 8.67 20955 6.65 Crisil 1 Year T Bill* 10835 8.35 10570 5.70 10814 8.14 18621 5.56 9
ANNEXURE FOR RETURNS OF ALL THE SCHEMES Details as on September 30, 2014 Name Sept 30, 2013 to Sept 30, 2014 Sept 30, 2012 to Sept 30, 2013 Sept 30, 2011 to Sept 30, 2012 Since inception till Sept 30, 2014 (CAGR) Inception Date@ JM Money Manager Fund Regular Plan 10932 9.32 10935 9.35 11037 10.37 18631 8.07 27-Sep-06 Bench Mark Crisil Liquid Fund Index 10949 9.49 10859 8.59 10867 8.67 17865 7.51 Crisil 1 Year T Bill* 10835 8.35 10570 5.70 10814 8.14 15873 5.93 JM Money Manager Fund Super Plan 10953 9.53 10900 9.00 11035 10.35 19146 8.44 27-Sep-06 Bench Mark Crisil Liquid Fund Index 10949 9.49 10859 8.59 10867 8.67 17865 7.51 Crisil 1 Year T Bill* 10835 8.35 10570 5.70 10814 8.14 15873 5.93 JM Money Manager Fund Super Plus Plan 10935 9.35 10893 8.93 11019 10.19 18960 8.31 27-Sep-06 Bench Mark Crisil Liquid Fund Index 10949 9.49 10859 8.59 10867 8.67 17865 7.51 Crisil 1 Year T Bill* 10835 8.35 10570 5.70 10814 8.14 15873 5.93 Funds Managed by Shalini Tibrewala JM Floater Long Term Fund 10897 8.97 10769 7.69 10807 8.07 20314 6.49 25-June-03 Bench Mark Crisil Liquid Fund Index 10949 9.49 10859 8.59 10867 8.67 20728 6.68 Crisil 1 Year T Bill* 10835 8.35 10570 5.70 10814 8.14 18370 5.54 JM MIP Fund 11727 17.27 10256 2.56 11005 10.05 20517 6.73 18-Sep-03 Bench Mark Crisil MIP Blended Index 11545 15.45 10322 3.22 11038 10.38 23245 7.94 S & P Nifty Index* 13887 38.87 10056 0.56 11371 13.71 61157 17.82 Crisil 1 Year T Bill* 10835 8.35 10570 5.70 10814 8.14 18118 5.53 Performance for Liquid s Name Funds Managed by Shalini Tibrewala Sept 30, 2013 to Sept 30, 2014 Sept 30, 2012 to Sept 30, 2013 Sept 30, 2011 to Sept 30, 2012 Since inception till Sept 30, 2014 (CAGR) Inception Date@ JM High Liquidity Fund 10937 9.37 10904 9.04 10972 9.72 36555 8.04 31-Dec-97 Bench Mark Crisil Liquid Fund Index 10949 9.49 10854 8.54 10869 8.69 N A N A Crisil 1 Year T Bill* 10835 8.35 10565 5.65 10816 8.16 28573 6.47 JM Floater Short Term Fund 10850 8.50 10787 7.87 10889 8.89 20741 6.69 25-June-03 Bench Mark Crisil Liquid Fund Index 10949 9.49 10854 8.54 10869 8.69 20728 6.68 Crisil 1 Year T Bill* 10835 8.35 10565 5.65 10816 8.16 18370 5.54 Performance for Liquid s Simple Annualised Name 7 Days 15 Days 1 mth 3 mths 6 mths Inception Date@ Funds Managed by Shalini Tibrewala JM High Liquidity Fund 8.83 8.76 8.65 8.63 8.90 31-Dec-97 Bench Mark Crisil Liquid Fund Index 9.37 9.14 8.83 8.69 8.90 Crisil 1 Year T Bill* 8.66 8.08 8.09 7.79 8.03 JM Floater Short Term Fund 7.33 7.44 7.34 7.71 7.96 25-June-03 Bench Mark Crisil Liquid Fund Index 9.37 9.14 8.83 8.69 8.90 Crisil 1 Year T Bill* 8.66 8.08 8.09 7.79 8.03 *Additional Benchmark @ Inception Date is considered as the date of first time allotment of units. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other. Absolute returns are computed on s of `10,000. are computed on Compounded Annual Rate (CAGR) basis. Load is not considered for computation of returns. Option has been considered for calculating the performance of the above mentioned schemes. Mutual Fund s are subject to market risks, read all scheme related documents carefully. 10
Details as on September 30, 2014 DIVIDEND/BONUS HISTORY (for past 3 years) JM Equity Fund Financial Year Record Date (` per unit) FY 2014-15 NIL - FY 2013-14 NIL - FY 2012-13 NIL - The face value per unit is ` 10/-. JM Basic Fund Financial Year Record Date (` per unit) FY 2014-15 NIL - FY 2013-14 NIL - FY 2012-13 NIL - The face value per unit is ` 10/- JM Balanced Fund Financial Year Record Date (` per unit) FY 2014-15 NIL - FY 2013-14 NIL - FY 2012-13 NIL - The face value per unit is `10/-. JM Multi Strategy Fund Financial Year Record Date (` per unit) FY 2014-15 NIL - FY 2013-14 NIL - FY 2012-13 NIL - The face value per unit is ` 10/-. JM Tax Gain Fund Financial Year Record Date (` per unit) FY 2014-15 NIL - FY 2013-14 NIL - FY 2012-13 NIL - The face value per unit is ` 10/-. JM Core 11 Fund Financial Year Record Date (` per unit) FY 2014-15 NIL - FY 2013-14 NIL - FY 2012-13 NIL - The face value per unit is ` 10/-. JM MIP Fund JM MIP Fund - Option - Monthly Financial Year Record Date (` per unit) FY 2014-15 $ 1-September-14 0.0500 1-September-14 0.0400 1-August-14 0.0500 1-August-14 0.0400 2-July-14 0.0500 2-July-14 0.0400 2-June-14 0.0500 2-June-14 0.0400 2-May-14 0.0500 2-May-14 0.0400 2-April-14 0.0500 2-April-14 0.0400 FY 2013-14 $ 3-Mar-14 0.0500 3-Mar-14 0.0400 3-Feb-14 0.0500 3-Feb-14 0.0400 1-Jan-14 0.0500 1-Jan-14 0.0400 2-Dec-13 0.0500 2-Dec-13 0.0400 1-Nov-13 0.0500 1-Nov-13 0.0400 1-Oct-13 0.0500 1-Oct-13 0.0400 2-Sept-13 0.0500 2-Sept-13 0.0400 1-August-13 0.0500 1-August-13 0.0400 2-July-13 0.0500 2-July-13 0.0400 3-Jun-13 0.0500 3-Jun-13 0.0400 2-May-13 0.0500 2-May-13 0.0400 2-April-13 0.0500 2-Apr-13 0.0400 FY 2012-13 $ 1-Mar-13 0.0500 1-Mar-13 0.0400 1-Feb-13 0.0500 1-Jan-13 0.0500 3-Dec-12 0.0500 1-Nov-12 0.0500 1-Oct-12 0.0500 3-Sep-12 0.0500 1-Aug-12 0.0500 3-Jul-12 0.0500 1-Jun-12 0.0500 2-May-12 0.0500 3-Apr-12 0.0500 JM MIP Fund - Option - Quarterly Financial Year Record Date (` per unit) FY 2014-15 $ - - FY 2013-14 $ - - FY 2012-13 $ - - JM MIP Fund - Option - Annual Financial Year Record Date (` per unit) FY 2014-15 $ NIL - FY 2013-14 $ NIL - FY 2012-13 $ NIL - taxes wherever applicable. Past performance may or may not be sustained in future. The face value per unit is ` 10/-. $ Includes Distribution Tax. JM Arbitrage Advantage Fund Financial Year Record Date (` per unit) FY 2014-15 17-September-14 0.080 17-September-14 0.080 19-August-14 0.090 19-August-14 0.090 23-July-14 0.090 23-July-14 0.090 30-June-14 0.100 30-June-14 0.070 26-May-14 0.068 26-May-14 0.090 30-April-14 0.060 30-April-14 0.090 FY 2013-14 24-Mar-14 0.250 24-Mar-14 0.250 7-Jan-14 0.220 7-Jan-14 0.280 24-Sept-13 0.225 24-Sept-13 0.160 24-Jun-13 0.200 24-Jun-13 0.200 FY 2012-13 25-Mar-13 0.200 25-Mar-13 0.100 7-Jan-13 0.250 24-Sep-12 0.225 27-Jun-12 0.200 The face value per unit is `10/- JM High Liquidity Fund Financial FYTD* Plan Year (` per unit) FY 2014-15 $ Weekly Option 0.5018 -Weekly Option 0.5071 Daily Option 0.4547 -Daily Option 0.4596 Inst. Plan - Daily option 0.4324 FY 2013-14 $ Weekly Option 0.9852 -Weekly Option 0.9959 Daily Option 0.9404 -Daily Option 0.9503 Quarterly Option - Inst. Plan - Weekly option 0.2596 Inst. Plan - Daily option 0.9078 Super Inst. Plan - Weekly Div. option 0.2969 FY 2012-13 $ Weekly Option 0.9108 -Weekly Option 0.2556 Daily Option 0.9262 -Daily Option 0.2217 Quarterly Option - Inst. Plan - Weekly option 0.8945 Inst. Plan - Daily option 0.8893 Super Inst. Plan - Weekly Div. option 0.8490 Super Inst. Plan - Daily Div. option 0.8575 The face value per unit is `10/-. $ Includes Distribution Tax JM Money Manager Fund Financial Plan FYTD* Year (` per unit) FY 2014-15 $ Regular Plan - Daily option 0.4251 Regular Plan -Daily option 0.4303 Regular Plan - Weekly option 0.4670 Regular Plan Weekly option 0.4747 Regular Plan - Fortnightly option 0.4324 Regular Plan -Fortnightly 0.4386 option Super Plan - Daily option 0.4348 Super Plan -Daily option 0.4432 Super Plan - Weekly option 0.4727 Super Plan Weekly option 0.4902 Super Plan - Fortnightly option 0.4401 Super Plan Fortnightly option 0.4485 Super Plus Plan - Daily option 0.4262 Super Plus Plan -Daily option 0.4313 Super Plus Plan - Weekly option 0.4698 Super Plus Plan Weekly option 0.4907 Super Plus Plan - Fortnightly option 0.4389 Super Plus Plan -Fortnightly 0.4449 option FY 2013-14 $ Regular Plan - Daily option 0.9225 Regular Plan -Daily option 0.9326 Regular Plan - Weekly option 0.9641 Regular Plan Weekly option 0.9787 Regular Plan - Fortnightly option 0.9309 Regular Plan -Fortnightly 0.9435 option Super Plan - Daily option 0.8885 Super Plan -Daily option 0.8902 Super Plan - Weekly option 0.9655 Super Plan Weekly option 0.9938 Super Plan - Fortnightly option 0.9356 Super Plan Fortnightly option 0.9479 Super Plus Plan - Daily option 0.8846 Super Plus Plan -Daily option 0.8946 Super Plus Plan - Weekly option 0.9414 Super Plus Plan Weekly option 0.9846 Super Plus Plan - Fortnightly option 0.9155 Super Plus Plan -Fortnightly 0.9266 option FY 2012-13 $ Regular Plan - Daily option 0.9126 Regular Plan -Daily option 0.2134 Regular Plan - Weekly option 0.9255 Regular Plan Weekly option 0.1330 Regular Plan - Fortnightly option 0.9305 Regular Plan -Fortnightly 0.1876 option Super Plan - Daily option 0.9298 Super Plan -Daily option 0.2004 Super Plan - Weekly option 0.9147 Super Plan Weekly option 0.1265 11
Super Plan - Fortnightly option 0.9064 Super Plan Fortnightly option 0.1048 Super Plus Plan - Daily option 0.9179 Super Plus Plan -Daily option 0.2040 Super Plus Plan - Weekly option 0.9106 Super Plus Plan Weekly option 0.1305 Super Plus Plan - Fortnightly option 0.9229 Super Plus Plan -Fortnightly 0.1906 option The face value per unit is `10/-. $ Includes Distribution Tax. JM Floater Long Term Fund Financial Year Plan FYTD* (` per unit) FY 2014-15 $ Daily option 0.4246 Daily option 0.4757 Weekly option 0.4596 Weekly option 0.4953 Premium Plan - option 0.4404 Premium Plan - Weekly option 0.4650 Premium Plan - Daily Option 0.4319 FY 2013-14 $ option - Daily option 0.8185 Daily option 0.9406 Weekly option 0.8608 Weekly option 0.9320 Premium Plan - option 0.8629 Premium Plan - Weekly option 0.8715 Premium Plan - Daily Option 0.8291 FY 2012-13 $ option - Daily option 0.7260 Daily option 0.1219 Weekly option 0.7148 Weekly option 0.1090 Premium Plan - option 0.7562 Premium Plan - Weekly option 0.7271 Premium Plan - Daily Option 0.7348 The face value per unit is `10/-. $ Includes Distribution Tax. JM Floater Short Term Fund Financial Year Plan FYTD* (` per unit) FY 2014-15 $ Daily Option 0.3952 Daily Option 0.4004 FY 2013-14 $ Daily Option 0.8231 Daily Option 1.0454 FY 2012-13 $ Daily Option 0.8133 Daily Option 0.1392 The face value per unit is `10/-. $ Includes Distribution Tax JM Short Term Fund Financial Year Plan FYTD* (` per unit) FY 2014-15 $ Regular - Option 0.4887 Regular - Daily Option 0.4234 Option 0.4568 - Option 0.4723 Daily Option 0.4363 -Daily Option 0.4623 FY 2013-14 $ Regular - Option 0.8229 Regular - Daily Option 0.6880 Option 0.7666 - Option 0.8053 Daily Option 0.7139 -Daily Option 0.5441 FY 2012-13 $ Regular - Option 1.0187 Regular - Daily Option 0.8756 Option 0.9502 - Option 0.1667 Daily Option 0.8934 -Daily Option 0.1912 The face value per unit is ` 10/-. $ Includes Distribution Tax. JM Income Fund Financial Year Plan FYTD* (` per unit) FY 2014-15 $ Quarterly Option - -Quarterly Option - FY 2013-14 $ Quarterly Option 0.50 -Quarterly Option 0.50 FY 2012-13 $ - - The face value per unit is `10/-. $ Includes Distribution Tax. JM G-Sec Fund Financial Year Plan FYTD* (` per unit) FY 2014-15 $ Quarterly Option - -Quarterly Option - FY 2013-14 $ Quarterly Option 0.50 -Quarterly Option 0.50 FY 2012-13 $ - - The face value per unit is `10/-. $ Includes Distribution Tax. *FYTD: Financial Year to Date BONUS HISTORY # Name Date Ratio JM High Liquidity Fund 14-Jan-2013 64:100 MMF-Super Plus Plan - Option 5-August-2013 66:100 MMF-Super Plus Plan - Option 5-August-2013 66:100 MMF-Super Plan - Option 13-Feb-2014 79.50:100 MMF-Super Plan - Option 13-Feb-2014 80:100 Past performance may or may not be sustained in future. The face value per unit is `10/-. # Pursuant to allotment of bonus units, the NAV of the /Option falls in proportion to the bonus units allotted. However, the total value of units held by the investor on the record date would remain the same.