JM Flexicap Fund Direct Growth
Equity
Direct
Flexi Cap
NAV as on 08-10-2024
₹ 119.51
▲2%
1D
Inception Returns
20.2%
/yr
About the Fund
JM Flexicap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Gurvinder Wasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Flexicap Fund Direct Growth has ₹4228 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
JM Flexicap Fund Direct Growth has given a CAGR return of 20.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 56.54%, 27.33% and 27.62% respectively.
Holdings
JM Flexicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Industrial, Consumer Cyclical, Tech, Health, Consumer Defensive, Utilities, Energy, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Larsen & Toubro Ltd, State Bank of India
Taxation
As it is a flexi cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of JM Flexicap Fund Direct Growth
JM Flexicap Fund is an open-ended diversified equity fund which aims to provide capital appreciation by investing primarily in equity and equity related securities of various market capitalisation. There can be no assurance that the investment objective of the scheme will be realized. The scheme does not guarantee/ indicate any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Flexicap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
30697 people have invested ₹ 35.2Cr in JM Flexicap Fund Direct Growth in the last three months
INDmoney Rank
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IND ranking is not available for this fund.
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.41% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹4228 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 145.55% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (08-Oct-24)
Fund Distribution
as on (31-Aug-24)
Small cap
41.8%
Large cap
39.1%
Mid cap
16.9%
Sector Allocation
Industrial
18.5%
Financial Services
17.3%
Basic Materials
16.7%
Consumer Cyclical
13.5%
Tech
9.3%
Health
9.2%
Consumer Defensive
4.5%
Energy
4.5%
Utilities
3.9%
Communication
1.5%
Real Estate
1.1%
All changes are between Jun'24 and Aug'24
- This fund’s returns stands at 0.83% whereas the fund’s underlying benchmark Nifty 500 returns stands at 0.97% as on Aug'24
- This fund underperformed Nifty 500 by 0.14% in Aug'24
- AUM of the fund stands at 3.9K Cr as of Aug'24
- AUM has remained same between Aug'24 and Jul'24
Top Stocks bought last month
CESC Ltd's allocation increased from 0.87% to 2.71%
Dr Reddy's Laboratories Ltd's allocation increased from 1.92% to 3.25%
KEC International Ltd's allocation increased from 1% to 2.09%
Top Stocks sold last month
REC Ltd's allocation decreased from 3.61 % to 3.31 %
Infosys Ltd's allocation decreased from 3.26 % to 3.09 %
HDFC Bank Ltd's allocation decreased from 3.52 % to 3.02 %
Large Cap allocation has gone down from 40% to 39.1%
Small Cap allocation has gone up from 38% to 41.8%
Mid Cap allocation has gone down from 18.6% to 16.9%
Cash allocation has gone down from 2% to 1.5%
Top 3 Sectors in August were Industrial, Financial Services & Basic Materials
Aug'24
Industrial
18%
Financial Services
17%
Basic Materials
17%
Jul'24
Industrial
23%
Financial Services
19%
Basic Materials
16%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.46% | -7.1% | |
 ICICI Bank Ltd | 4.41% | 0% | |
 Infosys Ltd | 3.72% | 0% | |
 Larsen & Toubro Ltd | 3.04% | 15.4% | |
 State Bank of India | 3% | -7% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 ICRA Ltd | 16.8% |
 Blue Star Ltd | 14.9% |
 Mrs Bectors Food Specialities Ltd | 7.9% |
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Gurvinder Wasan
Fund Manager of JM Flexicap Fund Direct Growth, since 1 December 2022
Top funds managed
Fund House
JM Financial Asset Management Limited
Total Schemes
Total AUM
₹27.56K Cr
as on 31-Aug-2024
Address
JM Financial Asset Management Private Limited,502, 5th Floor, A - Wing,,Laxmi Towers, Bandra-Kurla Complex,,Bandra-East
Phone
+912261987777
Website
investor@jmfl.com
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 71.0% growth in AUM moving from 2.47K Cr to 4.22K Cr.
This fund has one of the lowest expense ratio in the category (flexi cap). Its expense ratio is 0.41% which is lower than the category average expense ratio of 1.15%.
In the last 1 year, Motilal Oswal Flexicap Fund Direct Plan Growth has given 59.23% return, outperforming this fund by 5.73%.
In the last 5 years, Quant Flexi Cap Fund Growth Option Direct Plan has given 36.88% return, outperforming this fund by 9.76% per annum.
In the last 3 years, this fund has outperformed all funds in its category.
JM Flexicap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.18% since inception which is less than its category average return of 20.64%
Fund Allocations
This fund has an allocation of 99.03% in Equity, 0% in Debt and 0.97% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 8871 Cr
Expense Ratio 0.41%
This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 1.33%
Frequently Asked Questions
The current NAV of JM Flexicap Fund Direct Growth is ₹119.51 as on 08-Oct-2024.
Existing (Absolute + CAGR) as on 08-Oct-2024.
JM Flexicap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.01% | -1.01% |
6 Month Returns | 20.98% | 20.98% |
1 Year Returns | 56.54% | 56.54% |
3 Years Returns | 106.45% | 27.33% |
5 Years Returns | 238.55% | 27.62% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.41% as on September 2024
₹4228 Cr as on September 2024
HDFC Bank Ltd(6.46%), ICICI Bank Ltd(4.41%), Infosys Ltd(3.72%), Larsen & Toubro Ltd(3.04%), State Bank of India(3%) as on September 2024
Financial Services(23.63%), Basic Materials(14.83%), Industrial(14.15%) as on September 2024
The alpha ratio for the JM Flexicap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
JM Flexicap Fund Direct Growth | 15.03 | 9.86 | 5.29 |
As on September 2024
The alpha for JM Flexicap Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the JM Flexicap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
JM Flexicap Fund Direct Growth | 0.97 | 0.94 | 0.93 |
As on September 2024
The Beta for JM Flexicap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the JM Flexicap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
JM Flexicap Fund Direct Growth | 3.34 | 1.6 | 1.14 |
As on September 2024
The sharpe ratio for JM Flexicap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the JM Flexicap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
JM Flexicap Fund Direct Growth | 12.8 | 13.31 | 18.6 |
As on September 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 4.01 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.05 as on September 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Gurvinder Wasan is the fund manager of JM Flexicap Fund Direct Growth
The Exit load of JM Flexicap Fund Direct Growth is 1%