JM Focused Fund Direct Growth
Equity
Direct
Focused Fund
About the Fund
JM Focused Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar, Gurvinder Wasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Focused Fund Direct Growth has ₹132 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
JM Focused Fund Direct Growth has given a CAGR return of 16.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 48.70%, 25.38% and 20.81% respectively.
Holdings
JM Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Basic Materials, Tech, Energy, Health. Its top holdings are HDFC Bank Ltd, Infosys Ltd, JK Cement Ltd, Vedanta Ltd, JSW Infrastructure Ltd
Taxation
As it is a focused fund 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 Focused Fund Direct Growth
The investment objective of the Scheme is to generate long-term capital appreciation/income by investing in equity and equity related instruments across market capitalization of up to 30 companies. However 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 Focused Fund Direct Growth has no lock in period.
Fund Performance
306 people have invested ₹ 8.8L in JM Focused Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
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 | 1.01% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹132 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 191.12% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Large cap
53.1%
Mid cap
28.8%
Small cap
16.9%
Sector Allocation
Consumer Cyclical
23.3%
Financial Services
20.4%
Industrial
18.9%
Basic Materials
16.5%
Tech
11.9%
Energy
6.4%
Health
2.5%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7% | 100% | |
 Infosys Ltd | 5.4% | 78.1% | |
 JK Cement Ltd | 3.98% | 0% | |
 JSW Infrastructure Ltd | 3.77% | 0% | |
 Vedanta Ltd | 3.77% | 10% |
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 20.3% |
 Amber Enterprises India Ltd | 2.4% |
Asit Bhandarkar
Fund Manager of JM Focused Fund Direct Growth, since 25 February 2009
Top funds managed
Gurvinder Wasan
Fund Manager of JM Focused Fund Direct Growth, since 1 December 2022
Top funds managed
Mutual Fund Insights
In the last 1 year, Invesco India Focused Fund Direct Growth has given 64.16% return, outperforming this fund by 15.12%.
In the last 3 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 29.97% return, outperforming this fund by 4.72% per annum.
Over the last 3 months, this fund has experienced a 48.8% growth in AUM moving from 88.96 Cr to 132.37 Cr.
In the last 5 years, Quant Focused fund Growth Option Direct Plan has given 26.93% return, outperforming this fund by 6.26% per annum.
This fund expense ratio is slightly on the lower side within the category (focused fund). Its expense ratio is 1.01% which is lower than the category average expense ratio of 1.26%.
JM Focused 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 16.78% since inception which is less than its category average return of 18.33%
Fund Allocations
This fund has an allocation of 98.78% in Equity, 0% in Debt and 1.22% in Cash related instruments
AUM size ₹132 Cr
This fund has AUM of ₹132 Cr which is less than its category average of ₹ 4586 Cr
Expense Ratio 1.01%
This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions
The current NAV of JM Focused Fund Direct Growth is ₹23.35 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
JM Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.81% | 2.81% |
6 Month Returns | 21.12% | 21.12% |
1 Year Returns | 48.7% | 48.7% |
3 Years Returns | 97.11% | 25.38% |
5 Years Returns | 157.35% | 20.81% |
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.
1.01% as on June 2024
₹132 Cr as on June 2024
HDFC Bank Ltd(7%), Infosys Ltd(5.4%), JK Cement Ltd(3.98%), Vedanta Ltd(3.77%), JSW Infrastructure Ltd(3.77%) as on June 2024
Consumer Cyclical(23.06%), Financial Services(20.19%), Industrial(18.65%) as on June 2024
The alpha ratio for the JM Focused Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
JM Focused Fund Direct Growth | 11.44 | 5.09 | -1.15 |
As on June 2024
The alpha for JM Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
JM Focused Fund Direct Growth | 0.85 | 0.94 | 1 |
As on June 2024
The Beta for JM Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
JM Focused Fund Direct Growth | 2.87 | 1.31 | 0.68 |
As on June 2024
The sharpe ratio for JM Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
JM Focused Fund Direct Growth | 11.81 | 13.79 | 20.42 |
As on June 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 2.6 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.89 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Asit Bhandarkar, Gurvinder Wasan are the fund managers of JM Focused Fund Direct Growth
The Exit load of JM Focused Fund Direct Growth is 1%