JM Small Cap Fund Direct Growth

JM Small Cap Fund Direct Growth is an equity fund. This fund was started on 18 June, 2024. The fund is managed by Satish Ramanathan, Ruchi Fozdar, Asit Bhandarkar, Deepak Gupta. The fund could potentially beat inflation in the long-run.

1. JM Small Cap Fund Direct Growth has ₹716 Cr worth of assets under management (AUM) as on Sep 2025 and is more than category average.
2. The fund has an expense ratio 0.6.
   

JM Small Cap Fund Direct Growth has given a CAGR return of 3.49% since inception. Over the last 1 year the fund has given a CAGR return of -5.42%.

JM Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Industrial, Consumer Cyclical, Tech, Consumer Defensive, Health, Communication. Its top holdings are Godfrey Phillips India Ltd, CreditAccess Grameen Ltd Ordinary Shares, Garware Hi-Tech Films Ltd, Amber Enterprises India Ltd Ordinary Shares, Jana Small Finance Bank Ltd

As it is a small-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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The primary objective of the Scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies, as defined by SEBI. However, there is no assurance that the investment objective of the Scheme will be achieved. 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 Small Cap Fund Direct Growth has no lock in period.