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10 Best JM Financial Mutual Fund Schemes 2025

Updated on April 22, 2025 , 2624 views

JM Financial Mutual Fund offers various funds that cater to the diverse needs of both, individual and its institutional investors. Investors can choose from options like equity, debt, arbitrage, hybrid and Liquid Funds.

By Investing in Equity Funds, investors can aim of a long-term wealth creation. Debt fund are a good option for a regular and steady Income. And by investing in Hybrid Fund, investors can avail the benefits of both debt and equity, as these funds invest in both the instruments. The fund house aims at managing risk effectively so that investors gain the most out of their investments. Following are the top 10 best JM Financial Mutual Fund schemes where you can invest and earn good profits.

These funds have been shortlisted by undertaking certain parameters like AUM, NAV, past performances, peer average returns, etc.

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Why Invest with JM Financial Mutual Fund?

It is rated CRISIL AAAmfs.
Since the fund house offers a Range of mutual fund schemes, investors can plan their investment goals and fulfill by investing in these funds.
Investors with different risk appetites can plan their investments with JM Financial MF.
Investors who want to invest for tax savings, JM Financial offers Tax Saving Scheme which is known by JM Tax Gain Fund. One can plan their Taxes under sec 80C.

Best JM Financial Mutual Fund Schemes

Fund	NAV	Net Assets (Cr)	Min Investment	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	Since launch (%)	2023 (%)
JM Liquid Fund Growth	₹70.4479 ↑ 0.01	₹2,806	5,000	500	1.8	3.6	7.2	6.7	5.4	7.4	7.2
JM Dynamic Debt Fund Growth	₹41.5858 ↓ -0.09	₹45	5,000	500	4.4	6.2	11.4	7.6	6.4	6.8	8
JM Multicap Fund Growth	₹93.9682 ↓ -1.59	₹5,263	5,000	500	-0.6	-7.7	6.7	23.6	28.8	14.6	33.3
JM Value Fund Growth	₹92.1692 ↓ -1.60	₹988	5,000	500	0.4	-8.8	4.1	23.7	30.3	16.5	25.1
JM Core 11 Fund Growth	₹18.5508 ↓ -0.31	₹247	5,000	500	-0.2	-7.2	3.2	18.1	22.5	3.8	24.3
JM Tax Gain Fund Growth	₹45.1996 ↓ -0.84	₹184	500	500	1.9	-7	8.3	18.9	27.4	9.4	29
JM Ultra Short Duration Fund Growth	₹26.7173 ↑ 0.00	₹35	5,000	500	4.5	6.4	5.3	4.3	5.7	7.3
JM Arbitrage Fund Growth	₹32.3355 ↑ 0.05	₹187	5,000	500	1.6	3.3	6.7	6.2	4.8	6.4	7.2
JM Large Cap Fund Growth	₹145.011 ↓ -2.30	₹491	5,000	500	1.8	-7	1.2	15.4	19	9.4	15.1
JM Equity Hybrid Fund Growth	₹115.855 ↓ -1.80	₹768	5,000	500	2.2	-5.9	6	20.9	28.2	12.6	27
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Apr 25

1. JM Liquid Fund

(Erstwhile JM High Liquidity Fund)

To provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market instruments.

JM Liquid Fund is a Debt - Liquid Fund fund was launched on 31 Dec 97. It is a fund with Low risk and has given a CAGR/Annualized return of 7.4% since its launch. Ranked 3 in Liquid Fund category. Return for 2024 was 7.2% , 2023 was 7% and 2022 was 4.8% .

Below is the key information for JM Liquid Fund

JM Liquid Fund Growth
Launch Date	31 Dec 97
NAV (25 Apr 25)	₹70.4479 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹2,806 on 31 Mar 25
Category	Debt - Liquid Fund
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	2.58
Information Ratio	-3.16
Alpha Ratio	-0.19
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.13%
Effective Maturity	1 Month 13 Days
Modified Duration	1 Month 10 Days
Sub Cat.	Liquid Fund

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,343
31 Mar 22	₹10,695
31 Mar 23	₹11,296
31 Mar 24	₹12,104
31 Mar 25	₹12,974

JM Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for JM Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	0.7%
3 Month	1.8%
6 Month	3.6%
1 Year	7.2%
3 Year	6.7%
5 Year	5.4%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	7.2%
2022	7%
2021	4.8%
2020	3.3%
2019	4%
2018	6.6%
2017	7.4%
2016	6.7%
2015	7.7%
2014	8.4%

Fund Manager information for JM Liquid Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	0.4 Yr.
Naghma Khoja	21 Oct 21	3.44 Yr.
Ruchi Fozdar	3 Apr 24	0.99 Yr.

Data below for JM Liquid Fund as on 31 Mar 25

Asset Allocation

Asset Class	Value
Cash	99.78%
Other	0.22%

Debt Sector Allocation

Sector	Value
Cash Equivalent	72.2%
Corporate	23.25%
Government	4.32%

Credit Quality

Rating	Value
AA	0.16%
AAA	99.84%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Ccil CBLO/Reverse Repo \| -	4%	₹128 Cr	127,856 ↓ -99,547
Indian Bank Certificate of Deposit \| -	3%	₹100 Cr	10,000,000 ↑ 10,000,000
Punjab National Bank Certificate of Deposit \| -	3%	₹100 Cr	10,000,000
91 DTB 28032025 Sovereign Bonds \| -	3%	₹100 Cr	10,000,000
Union Bank Of India Certificate of Deposit \| -	3%	₹100 Cr	10,000,000
91 DTB 30052025 Sovereign Bonds \| -	3%	₹99 Cr	10,000,000
182 DTB 05062025 Sovereign Bonds \| -	3%	₹99 Cr	10,000,000 ↑ 10,000,000
Punjab National Bank Certificate of Deposit \| -	3%	₹99 Cr	10,000,000
HDFC Bank Limited Certificate of Deposit \| -	3%	₹98 Cr	10,000,000
Small Industries Development Bank Of India Commercial Paper \| -	2%	₹75 Cr	7,500,000 ↑ 7,500,000

2. JM Dynamic Debt Fund

(Erstwhile JM Floater Long Term Fund)

The scheme Objective is to provide regular income and capital appreciation through investment in Floating Rate debt Instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments.

JM Dynamic Debt Fund is a Debt - Dynamic Bond fund was launched on 25 Jun 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.8% since its launch. Ranked 25 in Dynamic Bond category. Return for 2024 was 8% , 2023 was 6.3% and 2022 was 3.8% .

Below is the key information for JM Dynamic Debt Fund

JM Dynamic Debt Fund Growth
Launch Date	25 Jun 03
NAV (25 Apr 25)	₹41.5858 ↓ -0.09 (-0.21 %)
Net Assets (Cr)	₹45 on 31 Mar 25
Category	Debt - Dynamic Bond
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.42
Sharpe Ratio	0.73
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.87%
Effective Maturity	10 Years 5 Months 7 Days
Modified Duration	6 Years 10 Months 22 Days
Sub Cat.	Dynamic Bond

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,626
31 Mar 22	₹11,028
31 Mar 23	₹11,538
31 Mar 24	₹12,364
31 Mar 25	₹13,435

JM Dynamic Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for JM Dynamic Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	2.8%
3 Month	4.4%
6 Month	6.2%
1 Year	11.4%
3 Year	7.6%
5 Year	6.4%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	8%
2022	6.3%
2021	3.8%
2020	2.7%
2019	7.8%
2018	6.2%
2017	7.4%
2016	7.5%
2015	8.3%
2014	9%

Fund Manager information for JM Dynamic Debt Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	0.4 Yr.
Naghma Khoja	3 Apr 24	0.99 Yr.
Ruchi Fozdar	3 Apr 24	0.99 Yr.

Data below for JM Dynamic Debt Fund as on 31 Mar 25

Asset Allocation

Asset Class	Value
Cash	5.57%
Debt	94.16%
Other	0.28%

Debt Sector Allocation

Sector	Value
Government	80.66%
Corporate	13.5%
Cash Equivalent	5.57%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.79% Government Of India (07/10/2034) Sovereign Bonds \| -	29%	₹13 Cr	1,275,000 ↓ -225,000
6.92% Govt Stock 2039 Sovereign Bonds \| -	23%	₹10 Cr	1,000,000 ↓ -700,000
Gujarat (Government of) 7.21% - \| -	11%	₹5 Cr	500,000 ↑ 500,000
7.32% Govt Stock 2030 Sovereign Bonds \| -	8%	₹3 Cr	325,000
Rec Limited Debentures \| -	7%	₹3 Cr	300,000 ↑ 300,000
Indian Railway Finance Corporation Limited Debentures \| -	7%	₹3 Cr	300,000 ↑ 300,000
Power Finance Corporation Limited Debentures \| -	7%	₹3 Cr	300,000 ↑ 300,000
6.75% Govt Stock 2029 Sovereign Bonds \| -	3%	₹2 Cr	150,000
Corporate Debt Market Development Fund Investment Fund \| -	0%	₹0 Cr	111
Ccil CBLO/Reverse Repo \| -	3%	₹1 Cr	1,337 ↓ -475

3. JM Multicap Fund

(Erstwhile JM Multi Strategy Fund)

The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies.

JM Multicap Fund is a Equity - Multi Cap fund was launched on 23 Sep 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.6% since its launch. Ranked 16 in Multi Cap category. Return for 2024 was 33.3% , 2023 was 40% and 2022 was 7.8% .

Below is the key information for JM Multicap Fund

JM Multicap Fund Growth
Launch Date	23 Sep 08
NAV (25 Apr 25)	₹93.9682 ↓ -1.59 (-1.66 %)
Net Assets (Cr)	₹5,263 on 31 Mar 25
Category	Equity - Multi Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.17
Sharpe Ratio	0.11
Information Ratio	1.11
Alpha Ratio	1.9
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Multi Cap

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹16,364
31 Mar 22	₹19,803
31 Mar 23	₹20,797
31 Mar 24	₹32,659
31 Mar 25	₹35,051

JM Multicap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹612,552.
Net Profit of ₹312,552 Invest Now

Returns for JM Multicap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	3.4%
3 Month	-0.6%
6 Month	-7.7%
1 Year	6.7%
3 Year	23.6%
5 Year	28.8%
10 Year
15 Year
Since launch	14.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	33.3%
2022	40%
2021	7.8%
2020	32.9%
2019	11.4%
2018	16.6%
2017	-5.4%
2016	39.5%
2015	10.5%
2014	-2.8%

Fund Manager information for JM Multicap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	3.53 Yr.
Asit Bhandarkar	1 Oct 24	0.41 Yr.
Chaitanya Choksi	31 Dec 21	3.17 Yr.
Ruchi Fozdar	4 Oct 24	0.41 Yr.

Data below for JM Multicap Fund as on 31 Mar 25

Equity Sector Allocation

Sector	Value
Financial Services	31.39%
Consumer Cyclical	18.95%
Health Care	8.86%
Industrials	8.8%
Technology	8.31%
Consumer Defensive	7.29%
Basic Materials	5.01%
Communication Services	2.66%
Utility	2.19%

Asset Allocation

Asset Class	Value
Cash	6.55%
Equity	93.45%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| HDFCBANK	6%	₹302 Cr	1,745,500 ↓ -150,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 21 \| ICICIBANK	6%	₹292 Cr	2,425,800 ↑ 350,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Jan 25 \| MARUTI	4%	₹200 Cr	167,679 ↑ 20,000
Infosys Ltd (Technology) Equity, Since 30 Nov 20 \| INFY	4%	₹176 Cr	1,042,750 ↓ -280,000
Bajaj Auto Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| 532977	3%	₹165 Cr	208,165 ↑ 40,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 25 \| KOTAKBANK	3%	₹162 Cr	850,000 ↑ 330,000
State Bank of India (Financial Services) Equity, Since 30 Nov 20 \| SBIN	3%	₹160 Cr	2,325,000 ↓ -375,000
Tech Mahindra Ltd (Technology) Equity, Since 31 Jul 24 \| 532755	3%	₹158 Cr	1,063,515 ↑ 144,215
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 Oct 24 \| SUNPHARMA	3%	₹153 Cr	960,000 ↑ 550,811
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	3%	₹139 Cr	438,247 ↑ 72,225

4. JM Value Fund

(Erstwhile JM Basic Fund)

The primary objective of the Scheme will be to provide capital appreciation to its Unitholders through judicious deployment of the corpus of the Scheme in sectors categorized under “basic industry” in the normal parlance and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The fund would continue to remain open-ended with a sector focus.

JM Value Fund is a Equity - Value fund was launched on 2 Jun 97. It is a fund with High risk and has given a CAGR/Annualized return of 16.5% since its launch. Ranked 15 in Value category. Return for 2024 was 25.1% , 2023 was 47.7% and 2022 was 5.3% .

Below is the key information for JM Value Fund

JM Value Fund Growth
Launch Date	2 Jun 97
NAV (25 Apr 25)	₹92.1692 ↓ -1.60 (-1.71 %)
Net Assets (Cr)	₹988 on 31 Mar 25
Category	Equity - Value
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.47
Sharpe Ratio	-0.05
Information Ratio	0.8
Alpha Ratio	-1.43
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Value

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹17,517
31 Mar 22	₹21,263
31 Mar 23	₹22,524
31 Mar 24	₹35,581
31 Mar 25	₹36,912

JM Value Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹642,208.
Net Profit of ₹342,208 Invest Now

Returns for JM Value Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	4%
3 Month	0.4%
6 Month	-8.8%
1 Year	4.1%
3 Year	23.7%
5 Year	30.3%
10 Year
15 Year
Since launch	16.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	25.1%
2022	47.7%
2021	5.3%
2020	36.3%
2019	13.4%
2018	11.9%
2017	-11.2%
2016	44.6%
2015	12.1%
2014	3.5%

Fund Manager information for JM Value Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	3.53 Yr.
Asit Bhandarkar	11 Dec 06	18.23 Yr.
Chaitanya Choksi	1 Oct 24	0.41 Yr.
Ruchi Fozdar	4 Oct 24	0.41 Yr.

Data below for JM Value Fund as on 31 Mar 25

Equity Sector Allocation

Sector	Value
Financial Services	33.41%
Consumer Cyclical	20.11%
Health Care	11.33%
Technology	10.31%
Consumer Defensive	7.51%
Industrials	6.69%
Basic Materials	6.1%
Communication Services	2.71%
Energy	1.25%
Utility	0.36%

Asset Allocation

Asset Class	Value
Cash	0.22%
Equity	99.78%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 12 \| HDFCBANK	7%	₹70 Cr	403,605 ↓ -7,000
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	6%	₹56 Cr	334,105
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	5%	₹46 Cr	53,985 ↑ 7,500
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| ICICIBANK	4%	₹40 Cr	330,000
Dr Reddy's Laboratories Ltd (Healthcare) Equity, Since 31 Aug 24 \| DRREDDY	3%	₹30 Cr	270,000 ↓ -35,000
Bajaj Auto Ltd (Consumer Cyclical) Equity, Since 31 Jan 25 \| 532977	3%	₹28 Cr	35,000 ↑ 10,000
Godrej Consumer Products Ltd (Consumer Defensive) Equity, Since 31 Jan 25 \| 532424	3%	₹26 Cr	256,438 ↑ 10,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 24 \| BHARTIARTL	3%	₹25 Cr	161,825
Voltas Ltd (Consumer Cyclical) Equity, Since 30 Sep 23 \| VOLTAS	3%	₹25 Cr	187,000 ↑ 87,000
Tech Mahindra Ltd (Technology) Equity, Since 30 Jun 24 \| 532755	3%	₹24 Cr	160,000

5. JM Core 11 Fund

The investment objective of the Scheme is to provide long-term growth by investing predominantly in a concentrated portfolio of equity / equity related instruments of companies.

JM Core 11 Fund is a Equity - Large Cap fund was launched on 5 Mar 08. It is a fund with High risk and has given a CAGR/Annualized return of 3.8% since its launch. Ranked 18 in Large Cap category. Return for 2024 was 24.3% , 2023 was 32.9% and 2022 was 7.1% .

Below is the key information for JM Core 11 Fund

JM Core 11 Fund Growth
Launch Date	5 Mar 08
NAV (25 Apr 25)	₹18.5508 ↓ -0.31 (-1.64 %)
Net Assets (Cr)	₹247 on 31 Mar 25
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.45
Sharpe Ratio	0.01
Information Ratio	0.55
Alpha Ratio	-0.12
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Large Cap

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹15,186
31 Mar 22	₹17,577
31 Mar 23	₹17,889
31 Mar 24	₹26,724
31 Mar 25	₹28,198

JM Core 11 Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691 Invest Now

Returns for JM Core 11 Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	0.4%
3 Month	-0.2%
6 Month	-7.2%
1 Year	3.2%
3 Year	18.1%
5 Year	22.5%
10 Year
15 Year
Since launch	3.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	24.3%
2022	32.9%
2021	7.1%
2020	16.3%
2019	6.3%
2018	10.6%
2017	-5%
2016	43.1%
2015	11.1%
2014	-2.4%

Fund Manager information for JM Core 11 Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	0.41 Yr.
Asit Bhandarkar	25 Feb 09	16.02 Yr.
Chaitanya Choksi	18 Jul 14	10.63 Yr.
Ruchi Fozdar	4 Oct 24	0.41 Yr.

Data below for JM Core 11 Fund as on 31 Mar 25

Equity Sector Allocation

Sector	Value
Financial Services	26.4%
Consumer Cyclical	25.44%
Industrials	9.54%
Technology	8.72%
Health Care	7.48%
Communication Services	5.78%
Utility	2.85%
Consumer Defensive	2.31%
Basic Materials	2.04%

Asset Allocation

Asset Class	Value
Cash	9.45%
Equity	90.55%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	7%	₹15 Cr	18,000
Infosys Ltd (Technology) Equity, Since 28 Feb 21 \| INFY	6%	₹14 Cr	80,110
ICICI Bank Ltd (Financial Services) Equity, Since 30 Sep 23 \| ICICIBANK	6%	₹13 Cr	107,676 ↑ 15,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 24 \| BHARTIARTL	6%	₹13 Cr	80,000 ↑ 20,000
Cholamandalam Investment and Finance Co Ltd (Financial Services) Equity, Since 28 Feb 25 \| CHOLAFIN	6%	₹12 Cr	86,661 ↑ 86,661
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Jan 25 \| MARUTI	5%	₹12 Cr	10,000 ↑ 1,500
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 24 \| HDFCBANK	5%	₹11 Cr	66,000
InterGlobe Aviation Ltd (Industrials) Equity, Since 31 Dec 24 \| INDIGO	5%	₹10 Cr	22,500 ↓ -2,500
Eicher Motors Ltd (Consumer Cyclical) Equity, Since 28 Feb 25 \| EICHERMOT	4%	₹8 Cr	17,500 ↑ 17,500
Titan Co Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| TITAN	3%	₹7 Cr	23,600 ↓ -12,500

6. JM Tax Gain Fund

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

JM Tax Gain Fund is a Equity - ELSS fund was launched on 31 Mar 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 9.4% since its launch. Ranked 18 in ELSS category. Return for 2024 was 29% , 2023 was 30.9% and 2022 was 0.5% .

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund Growth
Launch Date	31 Mar 08
NAV (25 Apr 25)	₹45.1996 ↓ -0.84 (-1.83 %)
Net Assets (Cr)	₹184 on 31 Mar 25
Category	Equity - ELSS
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.4
Sharpe Ratio	0.26
Information Ratio	0.48
Alpha Ratio	4.69
Min Investment	500
Min SIP Investment	500
Exit Load	NIL
Sub Cat.	ELSS

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹17,396
31 Mar 22	₹21,099
31 Mar 23	₹20,935
31 Mar 24	₹30,269
31 Mar 25	₹33,442

JM Tax Gain Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹598,181.
Net Profit of ₹298,181 Invest Now

Returns for JM Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	1.8%
3 Month	1.9%
6 Month	-7%
1 Year	8.3%
3 Year	18.9%
5 Year	27.4%
10 Year
15 Year
Since launch	9.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	29%
2022	30.9%
2021	0.5%
2020	32.2%
2019	18.3%
2018	14.9%
2017	-4.6%
2016	42.6%
2015	5.2%
2014	-0.6%

Fund Manager information for JM Tax Gain Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	0.41 Yr.
Asit Bhandarkar	31 Dec 21	3.17 Yr.
Chaitanya Choksi	18 Jul 14	10.63 Yr.
Ruchi Fozdar	4 Oct 24	0.41 Yr.

Data below for JM Tax Gain Fund as on 31 Mar 25

Equity Sector Allocation

Sector	Value
Financial Services	24.93%
Consumer Cyclical	16.94%
Basic Materials	12.3%
Technology	11.78%
Industrials	9.75%
Health Care	9.45%
Consumer Defensive	4.67%
Communication Services	2.88%
Utility	1.21%

Asset Allocation

Asset Class	Value
Cash	4.75%
Equity	95.25%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| ICICIBANK	6%	₹9 Cr	77,975 ↑ 20,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 11 \| HDFCBANK	6%	₹9 Cr	54,131
Infosys Ltd (Technology) Equity, Since 31 Aug 18 \| INFY	5%	₹8 Cr	45,965 ↓ -2,500
Bajaj Finserv Ltd (Financial Services) Equity, Since 31 Jan 25 \| 532978	4%	₹7 Cr	35,500 ↑ 3,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| MARUTI	3%	₹6 Cr	4,706
Bajaj Auto Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| 532977	3%	₹5 Cr	6,550
State Bank of India (Financial Services) Equity, Since 31 Aug 20 \| SBIN	3%	₹5 Cr	72,900
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹5 Cr	30,700
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	3%	₹5 Cr	14,447
CreditAccess Grameen Ltd Ordinary Shares (Financial Services) Equity, Since 31 Oct 24 \| CREDITACC	2%	₹4 Cr	43,600

7. JM Ultra Short Duration Fund

(Erstwhile JM Money Manager Fund)

To generate stable long term returns with low risk strategy and capital appreciation/accretion through investments in debt instruments and related securities besides preservation of capital.

JM Ultra Short Duration Fund is a Debt - Low Duration fund was launched on 27 Sep 06. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.3% since its launch. Ranked 34 in Low Duration category. .

Below is the key information for JM Ultra Short Duration Fund

JM Ultra Short Duration Fund Growth
Launch Date	27 Sep 06
NAV (24 Sep 20)	₹26.7173 ↑ 0.00 (0.01 %)
Net Assets (Cr)	₹35 on 31 Aug 20
Category	Debt - Low Duration
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	1
Sharpe Ratio	0.13
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	3.37%
Effective Maturity	4 Months 13 Days
Modified Duration	4 Months 7 Days
Sub Cat.	Low Duration

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000

JM Ultra Short Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for JM Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	0.2%
3 Month	4.5%
6 Month	6.4%
1 Year	5.3%
3 Year	4.3%
5 Year	5.7%
10 Year
15 Year
Since launch	7.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014

Fund Manager information for JM Ultra Short Duration Fund

Name	Since	Tenure

Data below for JM Ultra Short Duration Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

8. JM Arbitrage Fund

(Erstwhile JM Arbitrage Advantage Fund)

The primary investment objective of the scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.

JM Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 18 Jul 06. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.4% since its launch. Ranked 14 in Arbitrage category. Return for 2024 was 7.2% , 2023 was 6.6% and 2022 was 4% .

Below is the key information for JM Arbitrage Fund

JM Arbitrage Fund Growth
Launch Date	18 Jul 06
NAV (25 Apr 25)	₹32.3355 ↑ 0.05 (0.15 %)
Net Assets (Cr)	₹187 on 31 Mar 25
Category	Hybrid - Arbitrage
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.06
Sharpe Ratio	-1.03
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-30 Days (0.5%),30 Days and above(NIL)
Sub Cat.	Arbitrage

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹10,172
31 Mar 22	₹10,500
31 Mar 23	₹10,999
31 Mar 24	₹11,777
31 Mar 25	₹12,573

JM Arbitrage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹340,450.
Net Profit of ₹40,450 Invest Now

Returns for JM Arbitrage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	0.6%
3 Month	1.6%
6 Month	3.3%
1 Year	6.7%
3 Year	6.2%
5 Year	4.8%
10 Year
15 Year
Since launch	6.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	7.2%
2022	6.6%
2021	4%
2020	2.8%
2019	2.6%
2018	5.3%
2017	5.4%
2016	5.1%
2015	6.8%
2014	7.2%

Fund Manager information for JM Arbitrage Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	0.5 Yr.
Asit Bhandarkar	18 Jul 14	10.71 Yr.
Chaitanya Choksi	1 Feb 11	14.17 Yr.
Ruchi Fozdar	4 Oct 24	0.49 Yr.

Data below for JM Arbitrage Fund as on 31 Mar 25

Asset Allocation

Asset Class	Value
Cash	97.67%
Debt	2.32%
Other	0.01%

Equity Sector Allocation

Sector	Value
Financial Services	20.8%
Industrials	7.85%
Communication Services	7.81%
Energy	7.36%
Consumer Cyclical	6.17%
Technology	5.58%
Health Care	5.11%
Utility	3.88%
Basic Materials	2.22%
Real Estate	1.98%
Consumer Defensive	0.77%

Debt Sector Allocation

Sector	Value
Cash Equivalent	95%
Government	3.4%
Corporate	1.59%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
JM Liquid Dir Gr Investment Fund \| -	6%	₹13 Cr	1,914,370
Future on ICICI Bank Ltd Derivatives \| -	5%	-₹10 Cr	86,100 ↑ 71,400
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 25 \| ICICIBANK	5%	₹10 Cr	86,100 ↑ 71,400
Future on Reliance Industries Ltd Derivatives \| -	3%	-₹7 Cr	60,000
Reliance Industries Ltd (Energy) Equity, Since 30 Sep 24 \| RELIANCE	3%	₹7 Cr	60,000
Future on Tata Consultancy Services Ltd Derivatives \| -	3%	-₹7 Cr	18,725 ↑ 7,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Jan 25 \| TCS	3%	₹7 Cr	18,725 ↑ 7,000
Future on Bharti Airtel Ltd Derivatives \| -	3%	-₹6 Cr	39,900 ↑ 24,225
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 24 \| BHARTIARTL	3%	₹6 Cr	39,900 ↑ 24,225
Indus Towers Limited Derivatives \| -	3%	-₹6 Cr	190,400

9. JM Large Cap Fund

(Erstwhile JM Equity Fund)

The scheme seeks to provide optimum capital growth and appreciation.

JM Large Cap Fund is a Equity - Large Cap fund was launched on 1 Apr 95. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 9.4% since its launch. Ranked 73 in Large Cap category. Return for 2024 was 15.1% , 2023 was 29.6% and 2022 was 3.4% .

Below is the key information for JM Large Cap Fund

JM Large Cap Fund Growth
Launch Date	1 Apr 95
NAV (25 Apr 25)	₹145.011 ↓ -2.30 (-1.56 %)
Net Assets (Cr)	₹491 on 31 Mar 25
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.46
Sharpe Ratio	-0.36
Information Ratio	0.06
Alpha Ratio	-6.76
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Large Cap

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹13,783
31 Mar 22	₹16,352
31 Mar 23	₹16,416
31 Mar 24	₹23,869
31 Mar 25	₹23,803

JM Large Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520 Invest Now

Returns for JM Large Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	2.3%
3 Month	1.8%
6 Month	-7%
1 Year	1.2%
3 Year	15.4%
5 Year	19%
10 Year
15 Year
Since launch	9.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	15.1%
2022	29.6%
2021	3.4%
2020	23.2%
2019	18.1%
2018	4.9%
2017	0.8%
2016	20.9%
2015	1.8%
2014	-1.3%

Fund Manager information for JM Large Cap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	3.53 Yr.
Asit Bhandarkar	5 Oct 17	7.41 Yr.
Ruchi Fozdar	4 Oct 24	0.41 Yr.
Deepak Gupta	27 Jan 25	0.09 Yr.

Data below for JM Large Cap Fund as on 31 Mar 25

Equity Sector Allocation

Sector	Value
Financial Services	35.75%
Consumer Cyclical	11.17%
Technology	10.43%
Consumer Defensive	9.3%
Industrials	8.88%
Communication Services	6.48%
Health Care	6.21%
Basic Materials	5.57%
Utility	1.52%
Energy	0.96%

Asset Allocation

Asset Class	Value
Cash	3.72%
Equity	96.28%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 11 \| ICICIBANK	7%	₹32 Cr	269,087 ↓ -20,000
Cholamandalam Investment and Finance Co Ltd (Financial Services) Equity, Since 31 Jan 25 \| CHOLAFIN	5%	₹25 Cr	176,639 ↓ -25,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 12 \| HDFCBANK	5%	₹24 Cr	138,472 ↑ 40,000
Infosys Ltd (Technology) Equity, Since 30 Apr 15 \| INFY	5%	₹24 Cr	140,898
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| MARUTI	4%	₹19 Cr	16,317
State Bank of India (Financial Services) Equity, Since 31 Oct 11 \| SBIN	4%	₹18 Cr	258,397
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	4%	₹17 Cr	110,000
Bajaj Finserv Ltd (Financial Services) Equity, Since 31 Jan 25 \| 532978	3%	₹16 Cr	85,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 25 \| KOTAKBANK	3%	₹14 Cr	75,000 ↑ 25,000
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 25 \| LT	3%	₹14 Cr	44,000 ↑ 44,000

10. JM Equity Hybrid Fund

(Erstwhile JM Balanced Fund)

To provide steady current income as well as long term growth of capital.

JM Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 1 Apr 95. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.6% since its launch. Ranked 35 in Hybrid Equity category. Return for 2024 was 27% , 2023 was 33.8% and 2022 was 8.1% .

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (25 Apr 25)	₹115.855 ↓ -1.80 (-1.53 %)
Net Assets (Cr)	₹768 on 31 Mar 25
Category	Hybrid - Hybrid Equity
AMC	JM Financial Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	2.36
Sharpe Ratio	0.07
Information Ratio	1.04
Alpha Ratio	0.05
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Hybrid Equity

Growth of 10,000 investment over the years.

Date	Value
31 Mar 20	₹10,000
31 Mar 21	₹17,786
31 Mar 22	₹20,451
31 Mar 23	₹21,645
31 Mar 24	₹32,246
31 Mar 25	₹34,502

JM Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹612,552.
Net Profit of ₹312,552 Invest Now

Returns for JM Equity Hybrid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 25

Duration	Returns
1 Month	2.8%
3 Month	2.2%
6 Month	-5.9%
1 Year	6%
3 Year	20.9%
5 Year	28.2%
10 Year
15 Year
Since launch	12.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	27%
2022	33.8%
2021	8.1%
2020	22.9%
2019	30.5%
2018	-8.1%
2017	1.7%
2016	18.5%
2015	3%
2014	-0.2%

Fund Manager information for JM Equity Hybrid Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	0.41 Yr.
Asit Bhandarkar	31 Dec 21	3.17 Yr.
Chaitanya Choksi	20 Aug 21	3.53 Yr.
Ruchi Fozdar	4 Oct 24	0.41 Yr.

Data below for JM Equity Hybrid Fund as on 31 Mar 25

Asset Allocation

Asset Class	Value
Cash	12.53%
Equity	69.26%
Debt	18.22%

Equity Sector Allocation

Sector	Value
Financial Services	22.12%
Consumer Cyclical	11.89%
Technology	9.76%
Health Care	8.86%
Consumer Defensive	4.28%
Basic Materials	4.23%
Communication Services	3.55%
Industrials	3.18%

Debt Sector Allocation

Sector	Value
Cash Equivalent	11.24%
Government	10.52%
Corporate	8.99%

Credit Quality

Rating	Value
AA	0.7%
AAA	99.3%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	6%	₹43 Cr	50,004 ↑ 7,000
Infosys Ltd (Technology) Equity, Since 30 Nov 20 \| INFY	5%	₹34 Cr	200,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 24 \| HDFCBANK	4%	₹29 Cr	167,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 21 \| ICICIBANK	4%	₹29 Cr	240,114 ↑ 40,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	4%	₹26 Cr	165,000
6.92% Govt Stock 2039 Sovereign Bonds \| -	4%	₹26 Cr	2,550,000 ↑ 1,000,000
Bajaj Auto Ltd (Consumer Cyclical) Equity, Since 31 Oct 23 \| 532977	3%	₹25 Cr	31,280
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 25 \| KOTAKBANK	3%	₹23 Cr	120,000 ↑ 60,000
Voltas Ltd (Consumer Cyclical) Equity, Since 31 Oct 23 \| VOLTAS	3%	₹20 Cr	150,000 ↑ 75,000
Jubilant Foodworks Ltd (Consumer Cyclical) Equity, Since 30 Nov 24 \| JUBLFOOD	2%	₹18 Cr	285,000 ↓ -15,000

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.