Historical NAV & Returns
Absolute
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1461 people have invested ₹ 70.2L in JM Midcap Fund Direct Growth in the last three months
About JM Midcap Fund Direct Growth
JM Midcap Fund Direct Growth is an equity fund. This fund was started on 21 November, 2022. The fund is managed by Asit Bhandarkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Midcap Fund Direct Growth has ₹1261 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
JM Midcap Fund Direct Growth has given a CAGR return of 29.16% since inception. Over the last 1 year the fund has given a CAGR return of 6.83%.
Holdings
JM Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Consumer Cyclical, Industrial, Basic Materials, Tech, Consumer Defensive, Energy, Utilities. Its top holdings are Bharat Heavy Electricals Ltd, The Federal Bank Ltd, Indian Bank, Godfrey Phillips India Ltd, Jubilant Foodworks 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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.
JM Midcap Fund Direct Growth Overview
| Expense ratio | 0.56% |
Benchmark | Nifty Midcap 150 TR INR |
| AUM | ₹1261 Cr |
| Inception Date | 21 November, 2022 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 137.73% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Mar-25)
Mid cap
66.5%
Small cap
22.2%
Large cap
5.3%
Sector Allocation
Financial Services
21.3%
Health
18.5%
Consumer Cyclical
14.7%
Industrial
11.9%
Basic Materials
11.7%
Tech
10.9%
Consumer Defensive
6.5%
Energy
2.5%
Utilities
2%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.83% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 7.55% as on Mar'25
- This fund outperformed Nifty Midcap 150 by 0.28% in Mar'25
- AUM of the fund stands at 1.3K Cr as of Mar'25
- AUM increased by 62.9 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Bharat Heavy Electricals Ltd's allocation increased from 2.99% to 4.46%
Hindustan Petroleum Corp Ltd's allocation increased from 0.98% to 2.38%
HDFC Asset Management Co Ltd's allocation increased from 1.67% to 2.71%
Top Stocks sold last month
The Federal Bank Ltd's allocation decreased from 4.76 % to 4.01 %
Indian Bank's allocation decreased from 4.29 % to 3.8 %
Jubilant Foodworks Ltd's allocation decreased from 4.11 % to 3.62 %
Mid Cap allocation has gone down from 66.8% to 66.5%
Large Cap allocation has gone up from 3.1% to 5.3%
Small Cap allocation has gone up from 21.9% to 22.2%
Cash allocation has gone down from 7% to 4.4%
Top 3 Sectors in March were Financial Services, Health & Consumer Cyclical
Mar'25
Financial Services
21%
Health
18%
Consumer Cyclical
15%
Feb'25
Financial Services
24%
Health
17%
Consumer Cyclical
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bharat Heavy Electricals Ltd | 4.46% | 30% | |
 The Federal Bank Ltd | 4.01% | -18.4% | |
 Indian Bank | 3.8% | -11.9% | |
 Godfrey Phillips India Ltd | 3.67% | 0% | |
 Jubilant Foodworks Ltd | 3.62% | -12.7% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 JM Midcap Fund Direct Growth | 6.83% | - | - | 29.16% |
 Invesco India Mid Cap Fund Direct Plan Growth Option | 22.11% | 24.87% | 32.48% | 21.44% |
 Nippon India Growth Fund - Direct Plan - Growth | 16.19% | 25.04% | 34.88% | 18.9% |
 Motilal Oswal Midcap Direct Growth | 16.08% | 28.43% | 38.44% | 23.77% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Godfrey Phillips India Ltd | 14.3% |
 Bharat Heavy Electricals Ltd | 8.8% |
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Asit Bhandarkar
Fund Manager of JM Midcap Fund Direct Growth, since 1 October 2024
Top funds managed
Fund House
JM Financial Asset Management Limited
Total Schemes
Total AUM
₹38.83K Cr
as on 31-Mar-2025
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
JM Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 29.16% since inception which is more than its category average return of 18.86%
Fund Allocations
This fund has an allocation of 95.59% in Equity, 0% in Debt and 4.41% in Cash related instruments
AUM size ₹1261 Cr
This fund has AUM of ₹1261 Cr which is less than its category average of ₹ 11741 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.26%
More funds from JM Financial
5Y CAGR
▲ 29.16
5Y CAGR
▲ 30.38
5Y CAGR
▲ 27.61
5Y CAGR
▲ 22.89
5Y CAGR
▲ 19.90
Frequently Asked Questions for JM Midcap Fund Direct Growth
The current NAV of JM Midcap Fund Direct Growth is ₹18.65 as on 29-Apr-2025.
Existing (Absolute + CAGR) as on 29-Apr-2025.
JM Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.32% | 3.32% |
6 Month Returns | -6.56% | -6.56% |
1 Year Returns | 6.83% | 6.83% |
3 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.
0.56% as on March 2025
₹1261 Cr as on March 2025
Bharat Heavy Electricals Ltd(4.46%), The Federal Bank Ltd(4.01%), Indian Bank(3.8%), Godfrey Phillips India Ltd(3.67%), Jubilant Foodworks Ltd(3.62%) as on March 2025
Financial Services(20.38%), Health(17.68%), Consumer Cyclical(14.08%) as on March 2025
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 | 6.05 | - | - |
As on March 2025
The alpha for JM Midcap Fund Direct Growth is calculated against Nifty Midcap 150 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 | 1.08 | - | - |
As on March 2025
The Beta for JM Midcap Fund Direct Growth is calculated with Nifty Midcap 150 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 | 0.41 | - | - |
As on March 2025
The sharpe ratio for JM Midcap Fund Direct Growth is calculated with Nifty Midcap 150 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 | 23.07 | - | - |
As on March 2025
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.
Asit Bhandarkar is the fund manager of JM Midcap Fund Direct Growth
The Exit load of JM Midcap Fund Direct Growth is 1%