JM Focused Fund Direct Growth

JM Focused Fund Direct Growth

Equity

Direct

Focused Fund

NAV as on 29-11-2024

₹ 23.61

0.5%

1D

Inception Returns

16.4%

/yr

About JM Focused Fund Direct Growth

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

  1. JM Focused Fund Direct Growth has ₹196 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

JM Focused Fund Direct Growth has given a CAGR return of 16.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 33.85%, 23.04% and 18.24% respectively.

Holdings

JM Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Consumer Defensive, Energy. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, REC Ltd, Amber Enterprises India Ltd Ordinary Shares

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 benefit
Dividends 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
324 people have invested ₹ 8L in JM Focused Fund Direct Growth in the last three months

INDmoney Rank for JM Focused Fund Direct Growth

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IND ranking is not available for this fund.
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

JM Focused Fund Direct Growth Overview

Expense ratio0.82%
Benchmark
S&P BSE 500 India TR INR
AUM₹196 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
125.98%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (29-Nov-24)

Period
JM Focused Fund Direct Growth
Nifty 500
focused fund
1M
-0.7%
-2.5%
0%
3M
-3.1%
-5.1%
-2.5%
6M
8.1%
3.5%
10.1%
1Y
33.9%
26%
30.4%
3Y
23%
13.9%
16.9%
5Y
18.2%
18.1%
18.6%

Fund Distribution

as on (31-Oct-24)

  • Equity 92.1%

  • Debt & Cash 7.9%

Large cap
56.7%

Mid cap
17%

Small cap
15.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
32.3%
Consumer Cyclical
17.3%
Industrial
16.2%
Tech
9.6%
Health
9.5%
Basic Materials
9.2%
Consumer Defensive
3.3%
Energy
2.6%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-4.15%
0.06%
2.38%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -4.15% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 2.36% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 177.4 Cr
₹ 177.4 Cr
₹ 164.8 Cr
  • AUM of the fund stands at 177.4 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
REC Ltd's allocation increased from 2.88% to 4.74%
REC Ltd's allocation increased from 2.88% to 4.74%
ICICI Bank Ltd's allocation increased from 5.96% to 7.44%
ICICI Bank Ltd's allocation increased from 5.96% to 7.44%
Larsen & Toubro Ltd's allocation increased from 2.8% to 3.6%
Larsen & Toubro Ltd's allocation increased from 2.8% to 3.6%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 6.44 % to 5.83 %
HDFC Bank Ltd's allocation decreased from 6.44 % to 5.83 %
Trent Ltd's allocation decreased from 4.32 % to 3.67 %
Trent Ltd's allocation decreased from 4.32 % to 3.67 %
Birlasoft Ltd's allocation decreased from 3.85 % to 3.18 %
Birlasoft Ltd's allocation decreased from 3.85 % to 3.18 %
Mid Cap allocation has gone down from 18.6% to 17%
Mid Cap allocation has gone down from 18.6% to 17%
Large Cap allocation has gone down from 58% to 56.7%
Large Cap allocation has gone down from 58% to 56.7%
Small Cap allocation has gone down from 16.3% to 15.6%
Small Cap allocation has gone down from 16.3% to 15.6%
Cash allocation has gone up from 4.1% to 7.9%
Cash allocation has gone up from 4.1% to 7.9%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial

Oct'24
Financial Services
32%
Consumer Cyclical
17%
Industrial
16%
Sep'24
Financial Services
26%
Consumer Cyclical
23%
Industrial
16%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
29
29
30
Top 5 Company Concentration
28%
26%
21.8%
Company having highest exposure
ICICI Bank Ltd (7.4%)
HDFC Bank Ltd (6.4%)
Zomato Ltd (4.9%)
No of Sectors
8
9
8
Top 5 Sectors Concentration
85%
84.1%
85.8%
Sector having highest exposure
Financial Services (32.3%)
Financial Services (25.9%)
Consumer Cyclical (26.2%)
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Asit Bhandarkar
Asit Bhandarkar
Fund Manager of JM Focused Fund Direct Growth, since 25 February 2009
Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Focused Fund Direct Growth, since 1 December 2022
Fund House
JM Financial Asset Management Limited
Total AUM
₹36.23K Cr
as on 31-Oct-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

Insights icon
In the last 3 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 27.57% return, outperforming this fund by 4.53% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 100.8% growth in AUM moving from 97.82 Cr to 196.38 Cr.
Insights icon
In the last 1 year, Invesco India Focused Fund Direct Growth has given 55.14% return, outperforming this fund by 21.29%.
Insights icon
This fund has one of the lowest expense ratio in the category (focused fund). Its expense ratio is 0.82% which is lower than the category average expense ratio of 1.27%.
Insights icon
In the last 5 years, ICICI Prudential Focused Equity Fund Direct Plan Growth has given 25.48% return, outperforming this fund by 7.25% per annum.

JM Focused Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.36% since inception which is less than its category average return of 17.36%
Fund Allocations

Fund Allocations

This fund has an allocation of 92.11% in Equity, 0% in Debt and 7.89% in Cash related instruments
AUM size ₹196 Cr

AUM size ₹196 Cr

This fund has AUM of ₹196 Cr which is less than its category average of ₹ 4697 Cr
Expense Ratio 0.82%

Expense Ratio 0.82%

This fund has an expense ratio of 0.82% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions for JM Focused Fund Direct Growth

The current NAV of JM Focused Fund Direct Growth is ₹23.61 as on 29-Nov-2024.
Existing (Absolute + CAGR) as on 29-Nov-2024.
JM Focused Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.69%
-0.69%
6 Month Returns
8.06%
8.06%
1 Year Returns
33.85%
33.85%
3 Years Returns
86.28%
23.04%
5 Years Returns
131.06%
18.24%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.82% as on November 2024
₹196 Cr as on November 2024
ICICI Bank Ltd(7.44%), HDFC Bank Ltd(5.83%), Infosys Ltd(5.65%), REC Ltd(4.74%), Amber Enterprises India Ltd Ordinary Shares(4.31%) as on November 2024
Financial Services(29.75%), Consumer Cyclical(15.96%), Industrial(14.96%) as on November 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
8.68
6.41
-0.58
As on November 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
0.76
0.88
0.98
As on November 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
1.96
1.21
0.69
As on November 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
11.47
13.04
19.86
As on November 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 2.4 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.11 as on November 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%