JM Financial Mutual Fund

JM Financial Mutual Fund is one of the first privately operated mutual funds company, which commenced its operations back in 1993-94. It is a subsidiary of the much older JM Financial Group, which has a rich pedigree and long standing in the financial services sector of India.

The mother company’s origins can be traced back to the first decade of Indian independence, when the group’s founder, the Kampani family, started taking an interest in the then embryonic capital funds market.

The first financial company under the group, JM Financial & Investment Consultancy Services, opened its gates on 15 September 1973. It’s first Chairperson, Mr. Nimesh N. Kriplani, was already an established name in the financial services sector, having played a pivotal part in educating the Indian populace about the ins and outs of investing in blue-chip companies.

Over a decade later, on January 30, 1986, JM Share & Stock Brokers (JMSSB) was established. It was the precursor to JM Financial Asset Management Ltd, the AMC of JM Financial Mutual Funds.

JM Financial Ltd started its journey on a high, simultaneously launching three funds, namely, JM Equity Fund, JM Liquid Fund (later renamed JM Income Fund), and JM Balanced Fund. These would go on to become the building blocks for a diverse portfolio of funds that JM Financial would launch swiftly in the next decades.

Having entered a Joint Venture with the world’s leading financial services company, Morgan Stanley, in 1997, JM Financial Ltd expanded its wings exponentially. By 2001, the company had repaid all its loans in full and redeemed its last instalment of a 14% Debenture, making it a zero debt organisation for the first time since it started operations.

In 2006, the company reached two important milestones- it launched a corporate, private equity fund and merged J.M. Securities Pvt. Ltd. The acquisition spree continued well into 2008 when they amalgamated JM Financial ASK Securities Pvt. Ltd. In the same year, JM Financial entered a strategic agreement with an aim to offer advisory services to African and Indian corporate firms on their operations on the Indo-African corridor.

JM Financial has been involved in several other strategic partnerships with prominent finance management companies such as Seabury and Fairassets Technologies India Pvt. Ltd.

The primary objective of JM Financial Ltd. is and has always been to provide prudent financial advice to its clients and ensure high quarterly returns on its entire portfolio of funds through effective risk management.

They deal in the entire gamut of mutual funds including debt, equity, ELSS, liquid and fixed assets funds. With a team of highly experienced fund managers who have an in-depth understanding of the industry, JM Financial Ltd. is set to continue playing a pivotal part in the financial services sector of the Indian economy.