JM Midcap Fund Direct Growth

Equity
Direct
Mid-Cap
JM Midcap Fund Direct Growth

About the Fund

JM Midcap Fund Direct Growth is an equity fund. This fund was started on 21 November, 2022. The fund is managed by Gurvinder Wasan. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. JM Midcap Fund Direct Growth has ₹1055 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

JM Midcap Fund Direct Growth has given a CAGR return of 52.57% since inception. Over the last 1 year the fund has given a CAGR return of 68.58%.

Holdings

JM Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Health, Financial Services, Basic Materials, Tech, Energy, Real Estate, Communication, Consumer Defensive. Its top holdings are Oil India Ltd, Tata Technologies Ltd, Bharat Forge Ltd, Ipca Laboratories Ltd, JK Cement Ltd

Taxation

As it is a mid-cap 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 Midcap Fund Direct Growth

To provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Midcap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1825 people have invested ₹ 3.8Cr in JM Midcap Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.32%
Benchmark
S&P BSE Midcap TR INR
AUM₹1055 Cr
Inception Date21 November, 2022
Min Lumpsum/SIP₹1000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96.7%

  • Debt & Cash 3.3%

Mid cap
65.9%
Small cap
25.7%
Large cap
2.9%
Sector Allocation

Jun'24

May'24

Apr'24

Industrial
31.3%
Consumer Cyclical
19.9%
Health
13.4%
Financial Services
12.5%
Tech
7.8%
Basic Materials
6.1%
Energy
3.4%
Real Estate
2.7%
Communication
1.6%
Consumer Defensive
1.4%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
Oil India Ltd
Oil India Ltd
3.33%
34.8%
Tata Technologies Ltd
Tata Technologies Ltd
2.85%
0%
Bharat Forge Ltd
Bharat Forge Ltd
2.74%
1.1%
Ipca Laboratories Ltd
Ipca Laboratories Ltd
2.72%
42%
JK Cement Ltd
JK Cement Ltd
2.61%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
JM Midcap Fund Direct Growth
JM Midcap Fund Direct Growth
68.6%
-
-
52.6%
ITI Mid Cap Fund Direct Growth
ITI Mid Cap Fund Direct Growth
71.6%
26.7%
-
28.9%
Motilal Oswal Midcap Direct Growth
Motilal Oswal Midcap Direct Growth
69.9%
40.1%
35.5%
26.1%
Quant Mid Cap Fund Growth Option Direct Plan
Quant Mid Cap Fund Growth Option Direct Plan
65.9%
33.8%
39.4%
20.9%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Amber Enterprises India Ltd
Amber Enterprises India Ltd
2.4%

Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Midcap Fund Direct Growth, since 1 December 2022
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
JM Aggressive Hybrid Fund (Direct) - Growth Option
26.04%
16.29%
JM Value Fund (Direct) - Growth
31.44%
22.63%
JM Flexicap Fund (Direct) Growth Option
32.78%
18.68%

JM Midcap 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 52.57% since inception which is more than its category average return of 20.43%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.74% in Equity, 0% in Debt and 3.26% in Cash related instruments
AUM size ₹1055 Cr

AUM size ₹1055 Cr

This fund has AUM of ₹1055 Cr which is less than its category average of ₹ 8824 Cr
Expense Ratio 0.32%

Expense Ratio 0.32%

This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of JM Midcap Fund Direct Growth is ₹20.27 as on 24-Jul-2024.
Existing (Absolute + CAGR) as on 24-Jul-2024.
JM Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.83%
2.83%
6 Month Returns
32.42%
32.42%
1 Year Returns
68.58%
68.58%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.32% as on June 2024
₹1055 Cr as on June 2024
Oil India Ltd(3.33%), Tata Technologies Ltd(2.85%), Bharat Forge Ltd(2.74%), Ipca Laboratories Ltd(2.72%), JK Cement Ltd(2.61%) as on June 2024
Industrial(25.33%), Consumer Cyclical(19.64%), Health(13.43%) as on June 2024
The alpha ratio for the JM Midcap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
JM Midcap Fund Direct Growth
8.08
-
-
As on June 2024
The alpha for JM Midcap Fund Direct Growth is calculated against S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
JM Midcap Fund Direct Growth
1.04
-
-
As on June 2024
The Beta for JM Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
JM Midcap Fund Direct Growth
3.02
-
-
As on June 2024
The sharpe ratio for JM Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
JM Midcap Fund Direct Growth
16.28
-
-
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.
Gurvinder Wasan is the fund manager of JM Midcap Fund Direct Growth
The Exit load of JM Midcap Fund Direct Growth is 1%