JM Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV: ₹ 17.14 as on 24-04-2024
Fund Performance
526 people have invested ₹ 50.8L in JM Midcap Fund Direct Growth in the last three months
About the 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 Gurvinder Wasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Midcap Fund Direct Growth has ₹825 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.3.
JM Midcap Fund Direct Growth Overview
 | 0.32% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹825 Cr |
 | 21 November, 2022 |
 | ₹1000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
JM Midcap Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
66.4%
Small cap
26.2%
Large cap
5.3%
Sector Allocation
Industrial
26.7%
Consumer Cyclical
20%
Health
14.7%
Financial Services
14.1%
Tech
9.3%
Basic Materials
5.2%
Real Estate
3%
Utilities
2%
Communication
1.9%
Consumer Defensive
1.6%
Energy
1.5%
Top Holdings of JM Midcap Fund Direct Growth as on (31-Mar-24)
Equity Holdings52
JM Midcap Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.21% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 1.37% in Mar'24
AUM Change
- AUM of the fund stands at 809.5 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in JM Midcap Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Thermax Ltd | 25.2% |
 Hitachi Energy India Ltd | 15.3% |
 CG Power & Industrial Solutions Ltd | 7.1% |
Peer Analysis
JM Midcap Fund Direct Growth Fund Manager
Gurvinder Wasan
Fund Manager of JM Midcap Fund Direct Growth, since 1 December 2022
Top funds managed
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 45.25% since inception which is more than its category average return of 18.86%
Fund Allocations
This fund has an allocation of 98.48% in Equity, 0% in Debt and 1.52% in Cash related instruments
AUM size ₹825 Cr
This fund has AUM of ₹825 Cr which is less than its category average of ₹ 7349 Cr
Expense Ratio 0.32%
This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of JM Midcap Fund Direct Growth is ₹17.14 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
JM Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 9.61% | 9.61% |
6 Month Returns | 31.51% | 31.51% |
1 Year Returns | 68.89% | 68.89% |
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 March 2024
₹825 Cr as on March 2024
Cummins India Ltd(3.61%), Bank of Maharashtra(3.21%), Bharat Forge Ltd(3.16%), Bharat Heavy Electricals Ltd(3.09%), Schaeffler India Ltd(2.74%) as on March 2024
Industrial(26.25%), Consumer Cyclical(19.74%), Health(14.51%) as on March 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 | 2.2 | - | - |
As on March 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 | 0.99 | - | - |
As on March 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 | 2.95 | - | - |
As on March 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 | 14.24 | - | - |
As on March 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%