JM Focused Fund (Direct) - IDCW Reinvestment Option

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. The fund could potentially beat inflation in the long-run.

1. JM Focused Fund (Direct) - IDCW Reinvestment Option has ₹279 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

JM Focused Fund (Direct) - IDCW Reinvestment Option has given a CAGR return of 15.16% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -0.89%, 24.86% and 22.10% respectively.

JM Focused Fund (Direct) - IDCW Reinvestment Option has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Tech, Health, Basic Materials, Communication, Consumer Defensive. Its top holdings are Larsen & Toubro Ltd, Infosys Ltd, Cholamandalam Investment and Finance Co Ltd, HDFC Bank Ltd, ICICI Bank Ltd

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.

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 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.