JM Focused Fund (Direct) - IDCW Reinvestment Option

Equity
Direct
Focused Fund
JM Focused Fund (Direct) - IDCW Reinvestment Option

About the Fund

JM Focused Fund (Direct) - IDCW Reinvestment Option 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) - IDCW Reinvestment Option has ₹132 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

JM Focused Fund (Direct) - IDCW Reinvestment Option has given a CAGR return of 16.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 48.58%, 25.20% and 20.23% respectively.

Holdings

JM Focused Fund (Direct) - IDCW Reinvestment Option 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 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) - IDCW Reinvestment 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 Reinvestment Option has no lock in period.

Fund Performance

Fund Overview

Expense ratio1.01%
Benchmark
S&P BSE 500 India TR INR
AUM₹132 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
191.12%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.8%

  • Debt & Cash 1.2%

Large cap
53.1%

Mid cap
28.8%

Small cap
16.9%

Sector Allocation

Jun'24

May'24

Apr'24

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

Returns for the month of Jun

  • Gainers

  • Losers

Asit Bhandarkar
Asit Bhandarkar
Fund Manager of JM Focused Fund (Direct) - IDCW Reinvestment Option, since 25 February 2009
Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Focused Fund (Direct) - IDCW Reinvestment Option, since 1 December 2022

JM Focused Fund (Direct) - IDCW Reinvestment Option 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 16.56% since inception which is less than its category average return of 18.58%
Fund Allocations

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

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%

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) - IDCW Reinvestment Option is ₹22.78 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
JM Focused Fund (Direct) - IDCW Reinvestment Option
Absolute Returns
CAGR Returns
1 Month Returns
3%
3%
6 Month Returns
21.13%
21.13%
1 Year Returns
48.58%
48.58%
3 Years Returns
96.25%
25.2%
5 Years Returns
151.26%
20.23%
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) - IDCW Reinvestment Option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
JM Focused Fund (Direct) - IDCW Reinvestment Option
11.44
5.09
-1.15
As on June 2024
The alpha for JM Focused Fund (Direct) - IDCW Reinvestment Option 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) - IDCW Reinvestment Option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
JM Focused Fund (Direct) - IDCW Reinvestment Option
0.85
0.94
1
As on June 2024
The Beta for JM Focused Fund (Direct) - IDCW Reinvestment Option 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) - IDCW Reinvestment Option for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
JM Focused Fund (Direct) - IDCW Reinvestment Option
2.87
1.31
0.68
As on June 2024
The sharpe ratio for JM Focused Fund (Direct) - IDCW Reinvestment Option 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) - IDCW Reinvestment Option for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
JM Focused Fund (Direct) - IDCW Reinvestment Option
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) - IDCW Reinvestment Option
The Exit load of JM Focused Fund (Direct) - IDCW Reinvestment Option is 1%