JM Flexicap Fund Direct Growth

JM Flexicap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar. The fund could potentially beat inflation in the long-run.

1. JM Flexicap Fund Direct Growth has ₹5625 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
2. The fund has an expense ratio 0.5.
   

JM Flexicap Fund Direct Growth has given a CAGR return of 18.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.26%, 28.02% and 28.45% respectively.

JM Flexicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Consumer Defensive, Communication, Energy, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Tech Mahindra Ltd, Godfrey Phillips India Ltd, Bharti Airtel Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 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.