JM Focused Fund (Direct) - IDCW Payout Option

JM Focused Fund (Direct) - IDCW Payout Option

Equity

JM Financial Mutual Fund

Focused Fund

Get the latest NAV of JM Focused Fund (Direct) - IDCW Payout Option. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹20.15

▼-2.7%1D

NAV as on 13 Mar 2026

13.29%/per year

Since Inception

Absolute Gain%

▲▼

JM Focused Fund (Direct) - IDCW Payout Option Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (13-Mar-26)

The fund has outperformed the benchmark (Nifty 500) over 3Y, 5Y, but underperformed over 1Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-11.87%
-13.33%
-12.48%
0.5%
15.48%
12.58%
Nifty 500
-8.24%
-9.84%
-7.76%
6.02%
14.21%
11.18%
Focused Fund Avg
-8.73%
-9.88%
-8.48%
5.58%
14.49%
11.68%
Best in Focused Fund
-5.28%
-1.47%
1.85%
17.68%
21.67%
20.96%
Worst in Focused Fund
-10.47%
-14.62%
-15.44%
-0.84%
8.17%
6.06%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
JM Focused Fund (Direct) - IDCW Payout Option
-
286Cr
0.78%
0.5%
15.48%
1.36
1.01
0.87
1.39
0.24
Invesco India Focused Fund Reinvestment of Income Dist cum Capital Wtdrl
-
3,361Cr
0.58%
15.75%
19.37%
5.30
--
--
1.45
0.77
HSBC Focused Fund IDCW Payout
-
1,628Cr
0.91%
5.25%
13.95%
0.44
--
--
0.95
0.08
ICICI Prudential Focused Equity Fund Pln Reinvestment of Inc Dist cum Cap Wdrl
-
10,065Cr
0.59%
14.28%
19.98%
5.26
--
--
1.73
1.22
See all

JM Focused Fund (Direct) - IDCW Payout Option Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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Total Investment

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JM Focused Fund (Direct) - IDCW Payout Option Asset Allocation

See fund asset allocation details as on (14-Feb-26)

Fund Distribution

as on (14-Feb-26)

Large cap
57.1%
Mid cap
24.6%
Small cap
15.5%
Small Cap allocation has gone up from 11.6% to 12.7%
Small Cap allocation has gone up from 11.6% to 12.7%
Mid Cap allocation has gone down from 31.6% to 28.6%
Mid Cap allocation has gone down from 31.6% to 28.6%
Large Cap allocation has gone up from 54.5% to 56.7%
Large Cap allocation has gone up from 54.5% to 56.7%
Cash allocation has gone down from 2.2% to 2%
Cash allocation has gone down from 2.2% to 2%

JM Focused Fund (Direct) - IDCW Payout Option Sector Allocation

See fund sector allocation details as on (14-Feb-26)

Sector Allocation

Consumer Cyclical
26.8%
Financial Services
25.6%
Tech
15.6%
Industrial
15.5%
Health
6.6%
Communication
4.8%
Basic Materials
2.9%
Real Estate
2.2%

Top 3 Sectors in January were Consumer Cyclical, Financial Services & Tech

Jan'26

Consumer Cyclical

28%

Financial Services

27%

Industrial

15%

Dec'25

Consumer Cyclical

29%

Financial Services

26%

Tech

15%

JM Focused Fund (Direct) - IDCW Payout Option Holdings Details

as on (28-Feb-26)

Top Stocks bought last month
Tata Steel Ltd's allocation increased from 1.36% to 3.2%
Tata Steel Ltd's allocation increased from 1.36% to 3.2%
Ujjivan Small Finance Bank Ltd Ordinary Shares's allocation increased from 4.62% to 6.45%
Ujjivan Small Finance Bank Ltd Ordinary Shares's allocation increased from 4.62% to 6.45%
HDFC Bank Ltd's allocation increased from 4.37% to 5.69%
HDFC Bank Ltd's allocation increased from 4.37% to 5.69%
Top Stocks sold last month
Titan Co Ltd's allocation decreased from 6.01 % to 4.84 %
Titan Co Ltd's allocation decreased from 6.01 % to 4.84 %
One97 Communications Ltd's allocation decreased from 4.27 % to 4.21 %
One97 Communications Ltd's allocation decreased from 4.27 % to 4.21 %
Amber Enterprises India Ltd Ordinary Shares's allocation decreased from 4.42 % to 3.83 %
Amber Enterprises India Ltd Ordinary Shares's allocation decreased from 4.42 % to 3.83 %

JM Focused Fund (Direct) - IDCW Payout Option Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.78%
Benchmark
BSE 500 India TR INR
AUM₹286 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1,000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
190.77%
Risk
Risk meter
pointer
Very High Risk

About JM Focused Fund (Direct) - IDCW Payout Option

JM Focused Fund (Direct) - IDCW Payout Option is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar, Satish Ramanathan. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. JM Focused Fund (Direct) - IDCW Payout Option has ₹286 Cr worth of assets under management (AUM) as on Feb 2026 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

JM Focused Fund (Direct) - IDCW Payout Option has given a CAGR return of 13.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.50%, 15.48% and 12.58% respectively.

Holdings

JM Focused Fund (Direct) - IDCW Payout Option has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Consumer Defensive, Communication, Utilities. Its top holdings are Larsen & Toubro Ltd, Ujjivan Small Finance Bank Ltd Ordinary Shares, Amber Enterprises India Ltd Ordinary Shares, Titan Co Ltd, HDFC Bank 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 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.

Investment objective of JM Focused Fund (Direct) - IDCW Payout Option

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) - IDCW Payout Option has no lock in period.

Fund Manager

Asit Bhandarkar

Fund Manager of JM Focused Fund (Direct) - IDCW Payout Option, since 25 February 2009

Deepak Gupta

Fund Manager of JM Focused Fund (Direct) - IDCW Payout Option, since 11 April 2025

Ruchi Fozdar

Fund Manager of JM Focused Fund (Direct) - IDCW Payout Option, since 4 October 2024

Satish Ramanathan

Fund Manager of JM Focused Fund (Direct) - IDCW Payout Option, since 1 October 2024

Learn more about JM Financial Mutual Fund
Parameters
Jan'26
Dec'25
Nov'25
AUM
₹ 284 Cr
₹ 309.3 Cr
₹ 309.3 Cr
  • AUM of the fund stands at 284 Cr as of Jan'26
  • AUM decreased by 25.3 Cr between Jan'26 and Dec'25

Frequently Asked Questions for JM Focused Fund (Direct) - IDCW Payout Option

How do I invest in JM Focused Fund (Direct) - IDCW Payout Option?

INDmoney makes it simple to invest in the JM Focused Fund (Direct) - IDCW Payout Option. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘JM Focused Fund (Direct) - IDCW Payout Option’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of JM Focused Fund (Direct) - IDCW Payout Option?

The NAV of the fund today is ₹20.15. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

JM Focused Fund (Direct) - IDCW Payout Option fund has generated a return of 0.50% in 1 year, 15.48% in 3 years, 12.58% in 5 years.

Who is the fund manager of JM Focused Fund (Direct) - IDCW Payout Option?

The fund managers are Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar, Satish Ramanathan.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-30 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.78%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹286 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of JM Focused Fund (Direct) - IDCW Payout Option?

The top 3 holdings of the fund are Larsen & Toubro Ltd(5.76%), Ujjivan Small Finance Bank Ltd Ordinary Shares(5.68%), Amber Enterprises India Ltd Ordinary Shares(5.03%)