JM Midcap Fund

JM Midcap Fund

Equity

JM Financial Mutual Fund

Mid-Cap

Get the latest NAV of JM Midcap Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹18.32

▼-0.1%1D

NAV as on 17 Mar 2026

19.67%/per year

Since Inception

Absolute Gain%

▲▼

1210 people have invested ₹ 43.8L in JM Midcap Fund in the last three months

JM Midcap Fund Performance vs. Nifty Midcap 150

Fund returns vs Benchmark returns vs Category Average returns as on (17-Mar-26)

The fund has outperformed the benchmark (Nifty Midcap 150) over 3Y, but underperformed over 1Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-7.69%
-8.4%
-12.85%
7.07%
22.6%
--
Nifty Midcap 150
-8.2%
-7.38%
-7.32%
12.17%
21.24%
17.83%
Mid-Cap Avg
-8.01%
-8.19%
-8.53%
11.12%
20.57%
16.5%
Best in Mid-Cap
-4.29%
-4.11%
-0.31%
23.35%
25.73%
21%
Worst in Mid-Cap
-10.84%
-17.77%
-21.08%
-6.21%
12.95%
12.47%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
JM Midcap Fund
-
1,134Cr
0.66%
7.07%
22.6%
0.35
1.02
1.05
1.83
0.10
HDFC Mid Cap Fund
1/21
94,257Cr
0.74%
15.06%
24.2%
4.29
0.85
1.39
2.45
0.66
Edelweiss Mid Cap Fund
2/21
14,355Cr
0.46%
15.34%
25.6%
3.78
0.93
1.30
2.18
0.70
Nippon India Growth Mid Cap Fund Mid Cap
3/21
43,983Cr
0.74%
16.67%
25.37%
3.36
0.95
1.29
2.28
0.88
See all

JM Midcap Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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JM Midcap Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

Mid cap
69.4%
Small cap
22.7%
Large cap
5.5%
Small Cap allocation has gone up from 22.5% to 22.7%
Small Cap allocation has gone up from 22.5% to 22.7%
Mid Cap allocation has gone up from 66.4% to 69.4%
Mid Cap allocation has gone up from 66.4% to 69.4%
Large Cap allocation has gone up from 4.8% to 5.5%
Large Cap allocation has gone up from 4.8% to 5.5%
Cash allocation has gone down from 6.3% to 2.3%
Cash allocation has gone down from 6.3% to 2.3%

JM Midcap Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Financial Services
23.6%
Tech
15.9%
Industrial
15.3%
Health
14.3%
Consumer Cyclical
10.9%
Basic Materials
10.6%
Consumer Defensive
7.9%
Real Estate
1.6%

Top 3 Sectors in February were Financial Services, Basic Materials & Industrial

Feb'26

Financial Services

22%

Basic Materials

15%

Industrial

15%

Jan'26

Financial Services

25%

Basic Materials

15%

Industrial

13%

JM Midcap Fund Holdings Details

as on (28-Feb-26)

Top Stocks bought last month
Bharat Forge Ltd's allocation increased from 2.41% to 3.36%
Bharat Forge Ltd's allocation increased from 2.41% to 3.36%
Cummins India Ltd's allocation increased from 1.3% to 2.02%
Cummins India Ltd's allocation increased from 1.3% to 2.02%
Tube Investments of India Ltd Ordinary Shares's allocation increased from 2.64% to 3.28%
Tube Investments of India Ltd Ordinary Shares's allocation increased from 2.64% to 3.28%
Top Stocks sold last month
JK Cement Ltd's allocation decreased from 3.72 % to 3.71 %
JK Cement Ltd's allocation decreased from 3.72 % to 3.71 %
Mahindra & Mahindra Financial Services Ltd's allocation decreased from 4.71 % to 3.42 %
Mahindra & Mahindra Financial Services Ltd's allocation decreased from 4.71 % to 3.42 %
IDFC First Bank Ltd's allocation decreased from 2.23 % to 2.04 %
IDFC First Bank Ltd's allocation decreased from 2.23 % to 2.04 %

JM Midcap Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.66%
Benchmark
Nifty Midcap 150 TR INR
AUM₹1134 Cr
Inception Date21 November, 2022
Min Lumpsum/SIP₹1,000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
178.58%
Risk
Risk meter
pointer
Very High Risk

About JM Midcap Fund

JM Midcap Fund is an equity fund. This fund was started on 21 November, 2022. The fund is managed by Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar, Deepak Gupta. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. JM Midcap Fund has ₹1134 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

JM Midcap Fund has given a CAGR return of 19.67% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.07% and 22.60% respectively.

Holdings

JM Midcap Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Industrial, Consumer Cyclical, Health, Tech, Consumer Defensive, Real Estate, Energy, Communication. Its top holdings are JK Cement Ltd, Godfrey Phillips India Ltd, Hero MotoCorp Ltd, Mahindra & Mahindra Financial Services Ltd, Glenmark Pharmaceuticals 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 benefit
Dividends 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

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 has no lock in period.

Fund Manager

Asit Bhandarkar

Fund Manager of JM Midcap Fund, since 1 October 2024

Satish Ramanathan

Fund Manager of JM Midcap Fund, since 21 November 2022

Ruchi Fozdar

Fund Manager of JM Midcap Fund, since 4 October 2024

Deepak Gupta

Fund Manager of JM Midcap Fund, since 11 April 2025

Learn more about JM Financial Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 1.1K Cr
₹ 1.1K Cr
₹ 1.5K Cr
  • AUM of the fund stands at 1.1K Cr as of Feb'26
  • AUM increased by 28.6 Cr between Feb'26 and Jan'26

Compare JM Midcap Fund

JM Midcap Fund

VS

HDFC Mid Cap Fund

Frequently Asked Questions for JM Midcap Fund

How do I invest in JM Midcap Fund?

INDmoney makes it simple to invest in the JM Midcap Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘JM Midcap Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of JM Midcap Fund?

The NAV of the fund today is ₹18.32. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

JM Midcap Fund fund has generated a return of 7.07% in 1 year, 22.60% in 3 years

Who is the fund manager of JM Midcap Fund?

The fund managers are Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar, Deepak Gupta.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-180 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.66%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹1134 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of JM Midcap Fund?

The top 3 holdings of the fund are JK Cement Ltd(3.71%), Godfrey Phillips India Ltd(3.68%), Hero MotoCorp Ltd(3.53%)