JM Large & Mid Cap Fund Direct Growth

JM Large & Mid Cap Fund Direct Growth is an equity fund. This fund was started on 25 July, 2025. The fund is managed by Asit Bhandarkar, Ruchi Fozdar, Deepak Gupta. The fund could potentially beat inflation in the long-run.

1. JM Large & Mid Cap Fund Direct Growth has ₹295 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.6.
   

JM Large & Mid Cap Fund Direct Growth has given a CAGR return of 1.61% since inception.

JM Large & Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Health, Consumer Defensive, Communication, Basic Materials, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Bharti Airtel Ltd, Coforge Ltd, Persistent Systems Ltd

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

The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of predominantly large cap and mid cap stocks. 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 Large & Mid Cap Fund Direct Growth has no lock in period.