JM Midcap Fund Direct Growth

JM Midcap Fund Direct Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 16.81 as on 22-04-2024
Fund Performance
zero opening, trading, fund transfer fee
552 people have invested ₹ 52.4L 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

  1. JM Midcap Fund Direct Growth has ₹825 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

JM Midcap Fund Direct Growth Overview

Expense ratio
Expense ratio
0.32%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹825 Cr
Inception Date
Inception Date
21 November, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

JM Midcap Fund Direct Growth Distribution as on (31-Mar-24)

  • Equity 98.5%

  • Debt & Cash 1.5%

Size breakup

Mid cap
66.4%
Small cap
26.2%
Large cap
5.3%
Sector Allocation

Mar'24

Feb'24

Jan'24

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

Equity Holdings52

JM Midcap Fund Direct Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
0.21%
-0.25%
6.89%
Nifty Midcap 150
-1.16%
0.27%
4.14%
  • 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
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 809.5 Cr
₹ 809.5 Cr
₹ 781.5 Cr
  • 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

JM Midcap Fund Direct Growth Fund Manager

Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Midcap Fund Direct Growth, since 1 December 2022

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 44.24% since inception which is more than its category average return of 18.75%
Fund Allocations

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

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%

Expense Ratio 0.32%

This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of JM Midcap Fund Direct Growth is ₹16.81 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
JM Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.43%
8.43%
6 Month Returns
26.11%
26.11%
1 Year Returns
67.06%
67.06%
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%