10 सर्वश्रेष्ठ जेएम वित्तीय म्यूचुअल फंड योजनाएं 2022

Updated on August 31, 2026 , 3390 views

जेएम फाइनेंशियल म्यूचुअल फंड विभिन्न फंड प्रदान करता है जो व्यक्तिगत और इसके संस्थागत निवेशकों दोनों की विविध आवश्यकताओं को पूरा करता है। निवेशक इक्विटी, डेट, आर्बिट्राज, हाइब्रिड और जैसे विकल्पों में से चुन सकते हैंलिक्विड फंड.

द्वारानिवेश मेंइक्विटी फ़ंड, निवेशक लंबी अवधि के धन सृजन का लक्ष्य रख सकते हैं।डेट फंड नियमित और स्थिर के लिए एक अच्छा विकल्प हैंआय. और में निवेश करकेहाइब्रिड फंड, निवेशक ऋण और इक्विटी दोनों का लाभ उठा सकते हैं, क्योंकि ये फंड दोनों उपकरणों में निवेश करते हैं। फंड हाउस का उद्देश्य जोखिम को प्रभावी ढंग से प्रबंधित करना है ताकि निवेशक अपने निवेश का अधिक से अधिक लाभ उठा सकें। शीर्ष 10 सर्वश्रेष्ठ जेएम फाइनेंशियल निम्नलिखित हैं:म्यूचुअल फंड जिन योजनाओं में आप निवेश कर सकते हैं और अच्छा मुनाफा कमा सकते हैं।

इन फंडों को एयूएम जैसे कुछ मानकों को पूरा करके शॉर्टलिस्ट किया गया है।नहीं हैं, पिछले प्रदर्शन, सहकर्मी औसत रिटर्न, आदि।

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जेएम फाइनेंशियल म्यूचुअल फंड के साथ निवेश क्यों करें?

इसे क्रिसिल एएएएमएफएस रेटिंग मिली है।
चूंकि फंड हाउस ऑफर करता है aश्रेणी म्यूचुअल फंड योजनाओं में, निवेशक अपने निवेश लक्ष्यों की योजना बना सकते हैं और इन फंडों में निवेश करके उन्हें पूरा कर सकते हैं।
अलग-अलग जोखिम वाले निवेशक जेएम फाइनेंशियल एमएफ के साथ अपने निवेश की योजना बना सकते हैं।
जो निवेशक टैक्स बचत के लिए निवेश करना चाहते हैं, जेएम फाइनेंशियल ऑफरटैक्स सेविंग स्कीम जिसे द्वारा जाना जाता हैजेएम टैक्स गेन फंड. कोई उनकी योजना बना सकता हैकरों अंतर्गतसेक 80सी.

सर्वश्रेष्ठ जेएम वित्तीय म्यूचुअल फंड योजनाएं

Fund	NAV	Net Assets (Cr)	Min Investment	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	Since launch (%)	2025 (%)
JM Liquid Fund Growth	₹76.4667 ↑ 0.02	₹2,849	5,000	500	1.7	3.3	6.3	6.8	6.2	7.4	6.4
JM Core 11 Fund Growth	₹20.3304 ↓ -0.11	₹289	5,000	500	7.1	7.3	4	11.6	12.1	3.9	-1.9
JM Dynamic Debt Fund Growth	₹43.2817 ↑ 0.01	₹53	5,000	500	1.7	1.6	3.9	6.4	5.6	6.5	7
JM Multicap Fund Growth	₹99.4992 ↓ -0.57	₹5,185	5,000	500	6.6	7.2	3.2	13.8	14.5	13.7	-6.8
JM Value Fund Growth	₹96.6017 ↓ -0.64	₹807	5,000	500	6.2	6.8	0.9	11.4	14.2	15.8	-4.4
JM Tax Gain Fund Growth	₹52.2569 ↓ -0.40	₹242	500	500	9.1	12.8	8.1	15.3	13.4	9.4	2.5
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	₹34.75 ↓ -0.06	₹391	5,000	500	1.7	2.7	5.7	6.4	5.7	6.4	5.9
JM Large Cap Fund Growth	₹154.283 ↓ -0.43	₹402	5,000	500	5.1	1	2	10.6	10.1	9.1	3.8
JM Equity Hybrid Fund Growth	₹121.223 ↓ -0.50	₹704	5,000	500	7.1	5.4	1.7	11.8	12.1	12.1	-3.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Sep 26

Research Highlights & Commentary of 10 Funds showcased

Commentary	JM Liquid Fund	JM Core 11 Fund	JM Dynamic Debt Fund	JM Multicap Fund	JM Value Fund	JM Tax Gain Fund	JM Ultra Short Duration Fund	JM Arbitrage Fund	JM Large Cap Fund	JM Equity Hybrid Fund
Point 1	Top quartile AUM (₹2,849 Cr).	Lower mid AUM (₹289 Cr).	Bottom quartile AUM (₹53 Cr).	Highest AUM (₹5,185 Cr).	Upper mid AUM (₹807 Cr).	Bottom quartile AUM (₹242 Cr).	Bottom quartile AUM (₹35 Cr).	Lower mid AUM (₹391 Cr).	Upper mid AUM (₹402 Cr).	Upper mid AUM (₹704 Cr).
Point 2	Established history (28+ yrs).	Established history (18+ yrs).	Established history (23+ yrs).	Established history (17+ yrs).	Established history (29+ yrs).	Established history (18+ yrs).	Established history (19+ yrs).	Established history (20+ yrs).	Oldest track record among peers (31 yrs).	Established history (31+ yrs).
Point 3	Top rated.	Rating: 4★ (top quartile).	Rating: 4★ (upper mid).	Rating: 4★ (upper mid).	Rating: 4★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 2★ (bottom quartile).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: High.	Risk profile: Moderately Low.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	1Y return: 6.29% (top quartile).	5Y return: 12.11% (upper mid).	1Y return: 3.87% (lower mid).	5Y return: 14.53% (top quartile).	5Y return: 14.17% (top quartile).	5Y return: 13.35% (upper mid).	1Y return: 5.35% (upper mid).	5Y return: 5.67% (bottom quartile).	5Y return: 10.07% (lower mid).	5Y return: 12.10% (upper mid).
Point 6	1M return: 0.56% (upper mid).	3Y return: 11.61% (upper mid).	1M return: 0.06% (bottom quartile).	3Y return: 13.78% (top quartile).	3Y return: 11.44% (upper mid).	3Y return: 15.30% (top quartile).	1M return: 0.23% (bottom quartile).	3Y return: 6.35% (bottom quartile).	3Y return: 10.61% (lower mid).	3Y return: 11.84% (upper mid).
Point 7	Sharpe: 2.06 (top quartile).	1Y return: 3.96% (upper mid).	Sharpe: -1.03 (bottom quartile).	1Y return: 3.20% (lower mid).	1Y return: 0.87% (bottom quartile).	1Y return: 8.12% (top quartile).	Sharpe: 0.13 (upper mid).	1Y return: 5.66% (upper mid).	1Y return: 2.00% (bottom quartile).	1Y return: 1.69% (bottom quartile).
Point 8	Information ratio: 0.08 (lower mid).	Alpha: 2.22 (top quartile).	Information ratio: 0.00 (bottom quartile).	Alpha: -0.14 (bottom quartile).	Alpha: -5.07 (bottom quartile).	Alpha: 5.40 (top quartile).	Information ratio: 0.00 (bottom quartile).	1M return: 0.50% (lower mid).	Alpha: 0.80 (upper mid).	1M return: 0.86% (top quartile).
Point 9	Yield to maturity (debt): 6.27% (upper mid).	Sharpe: 0.05 (upper mid).	Yield to maturity (debt): 6.96% (top quartile).	Sharpe: -0.07 (lower mid).	Sharpe: -0.30 (bottom quartile).	Sharpe: 0.22 (top quartile).	Yield to maturity (debt): 3.37% (upper mid).	Alpha: 0.00 (lower mid).	Sharpe: -0.12 (lower mid).	Alpha: -2.74 (bottom quartile).
Point 10	Modified duration: 0.18 yrs (lower mid).	Information ratio: 0.16 (upper mid).	Modified duration: 2.58 yrs (bottom quartile).	Information ratio: 0.40 (top quartile).	Information ratio: 0.04 (lower mid).	Information ratio: 0.70 (top quartile).	Modified duration: 0.35 yrs (bottom quartile).	Sharpe: -0.04 (upper mid).	Information ratio: 0.10 (upper mid).	Sharpe: -0.31 (bottom quartile).

JM Liquid Fund

Top quartile AUM (₹2,849 Cr).
Established history (28+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.29% (top quartile).
1M return: 0.56% (upper mid).
Sharpe: 2.06 (top quartile).
Information ratio: 0.08 (lower mid).
Yield to maturity (debt): 6.27% (upper mid).
Modified duration: 0.18 yrs (lower mid).

JM Core 11 Fund

Lower mid AUM (₹289 Cr).
Established history (18+ yrs).
Rating: 4★ (top quartile).
Risk profile: High.
5Y return: 12.11% (upper mid).
3Y return: 11.61% (upper mid).
1Y return: 3.96% (upper mid).
Alpha: 2.22 (top quartile).
Sharpe: 0.05 (upper mid).
Information ratio: 0.16 (upper mid).

JM Dynamic Debt Fund

Bottom quartile AUM (₹53 Cr).
Established history (23+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 3.87% (lower mid).
1M return: 0.06% (bottom quartile).
Sharpe: -1.03 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.96% (top quartile).
Modified duration: 2.58 yrs (bottom quartile).

JM Multicap Fund

Highest AUM (₹5,185 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.53% (top quartile).
3Y return: 13.78% (top quartile).
1Y return: 3.20% (lower mid).
Alpha: -0.14 (bottom quartile).
Sharpe: -0.07 (lower mid).
Information ratio: 0.40 (top quartile).

JM Value Fund

Upper mid AUM (₹807 Cr).
Established history (29+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 14.17% (top quartile).
3Y return: 11.44% (upper mid).
1Y return: 0.87% (bottom quartile).
Alpha: -5.07 (bottom quartile).
Sharpe: -0.30 (bottom quartile).
Information ratio: 0.04 (lower mid).

JM Tax Gain Fund

Bottom quartile AUM (₹242 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.35% (upper mid).
3Y return: 15.30% (top quartile).
1Y return: 8.12% (top quartile).
Alpha: 5.40 (top quartile).
Sharpe: 0.22 (top quartile).
Information ratio: 0.70 (top quartile).

JM Ultra Short Duration Fund

Bottom quartile AUM (₹35 Cr).
Established history (19+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.35% (upper mid).
1M return: 0.23% (bottom quartile).
Sharpe: 0.13 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 3.37% (upper mid).
Modified duration: 0.35 yrs (bottom quartile).

JM Arbitrage Fund

Lower mid AUM (₹391 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 5.67% (bottom quartile).
3Y return: 6.35% (bottom quartile).
1Y return: 5.66% (upper mid).
1M return: 0.50% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.04 (upper mid).

JM Large Cap Fund

Upper mid AUM (₹402 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 10.07% (lower mid).
3Y return: 10.61% (lower mid).
1Y return: 2.00% (bottom quartile).
Alpha: 0.80 (upper mid).
Sharpe: -0.12 (lower mid).
Information ratio: 0.10 (upper mid).

JM Equity Hybrid Fund

Upper mid AUM (₹704 Cr).
Established history (31+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.10% (upper mid).
3Y return: 11.84% (upper mid).
1Y return: 1.69% (bottom quartile).
1M return: 0.86% (top quartile).
Alpha: -2.74 (bottom quartile).
Sharpe: -0.31 (bottom quartile).

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.

Research Highlights for JM Liquid Fund

Top quartile AUM (₹2,849 Cr).
Established history (28+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.29% (top quartile).
1M return: 0.56% (upper mid).
Sharpe: 2.06 (top quartile).
Information ratio: 0.08 (lower mid).
Yield to maturity (debt): 6.27% (upper mid).
Modified duration: 0.18 yrs (lower mid).
Average maturity: 0.19 yrs (lower mid).
Exit load: NIL.

Below is the key information for JM Liquid Fund

JM Liquid Fund Growth
Launch Date	31 Dec 97
NAV (02 Sep 26)	₹76.4667 ↑ 0.02 (0.03 %)
Net Assets (Cr)	₹2,849 on 31 Jul 26
Category	Debt - Liquid Fund
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.26
Sharpe Ratio	2.06
Information Ratio	0.08
Alpha Ratio	-0.1
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.27%
Effective Maturity	2 Months 7 Days
Modified Duration	2 Months 3 Days
Sub Cat.	Liquid Fund

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,389
31 Aug 23	₹11,080
31 Aug 24	₹11,884
31 Aug 25	₹12,696
31 Aug 26	₹13,490

JM Liquid 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 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 2 Sep 26

Duration	Returns
1 Month	0.6%
3 Month	1.7%
6 Month	3.3%
1 Year	6.3%
3 Year	6.8%
5 Year	6.2%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.4%
2024	7.2%
2023	7%
2022	4.8%
2021	3.3%
2020	4%
2019	6.6%
2018	7.4%
2017	6.7%
2016	7.7%

Fund Manager information for JM Liquid Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	1.74 Yr.
Ruchi Fozdar	3 Apr 24	2.33 Yr.
Jayant Dhoot	1 Aug 25	1 Yr.

Data below for JM Liquid Fund as on 31 Jul 26

Asset Allocation

Asset Class	Value
Cash	99.35%
Other	0.65%

Debt Sector Allocation

Sector	Value
Cash Equivalent	72.39%
Corporate	17.22%
Government	9.73%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Ccil CBLO/Reverse Repo \| -	13%	₹163 Cr	163,090 ↑ 163,090
India (Republic of) - \| -	8%	₹99 Cr	10,000,000 ↑ 10,000,000
HDFC Bank Limited Certificate of Deposit \| -	8%	₹99 Cr	10,000,000 ↑ 10,000,000
L&T Finance Ltd. Commercial Paper \| -	8%	₹99 Cr	10,000,000 ↑ 10,000,000
Bank of Baroda Debentures \| -	8%	₹99 Cr	10,000,000 ↑ 10,000,000
REC Ltd. Commercial Paper \| -	6%	₹74 Cr	7,500,000
Small Industries Development Bank Of India Certificate of Deposit \| -	6%	₹74 Cr	7,500,000 ↑ 7,500,000
Reliance Retail Ventures Limited Commercial Paper \| -	4%	₹50 Cr	5,000,000
HDFC Bank Limited Certificate of Deposit \| -	4%	₹50 Cr	5,000,000
Godrej Properties Limited Commercial Paper \| -	4%	₹50 Cr	5,000,000

2. 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.

Research Highlights for JM Core 11 Fund

Lower mid AUM (₹289 Cr).
Established history (18+ yrs).
Rating: 4★ (top quartile).
Risk profile: High.
5Y return: 12.11% (upper mid).
3Y return: 11.61% (upper mid).
1Y return: 3.96% (upper mid).
Alpha: 2.22 (top quartile).
Sharpe: 0.05 (upper mid).
Information ratio: 0.16 (upper mid).

Below is the key information for JM Core 11 Fund

JM Core 11 Fund Growth
Launch Date	5 Mar 08
NAV (02 Sep 26)	₹20.3304 ↓ -0.11 (-0.52 %)
Net Assets (Cr)	₹289 on 31 Jul 26
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.38
Sharpe Ratio	0.05
Information Ratio	0.16
Alpha Ratio	2.22
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 Aug 21	₹10,000
31 Aug 22	₹10,453
31 Aug 23	₹12,831
31 Aug 24	₹18,804
31 Aug 25	₹17,053
31 Aug 26	₹18,295

JM Core 11 Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 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 2 Sep 26

Duration	Returns
1 Month	0.2%
3 Month	7.1%
6 Month	7.3%
1 Year	4%
3 Year	11.6%
5 Year	12.1%
10 Year
15 Year
Since launch	3.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-1.9%
2024	24.3%
2023	32.9%
2022	7.1%
2021	16.3%
2020	6.3%
2019	10.6%
2018	-5%
2017	43.1%
2016	11.1%

Fund Manager information for JM Core 11 Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.92 Yr.
Asit Bhandarkar	25 Feb 09	17.52 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Core 11 Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	28.6%
Consumer Cyclical	28.11%
Industrials	16.57%
Technology	12.24%
Health Care	6.17%
Consumer Defensive	3.27%
Basic Materials	2.44%
Utility	1.54%

Asset Allocation

Asset Class	Value
Cash	1.07%
Equity	98.93%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 May 25 \| UJJIVANSFB	5%	₹15 Cr	2,100,001 ↓ -399,999
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	5%	₹15 Cr	131,500
IDFC First Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| IDFCFIRSTB	5%	₹15 Cr	1,725,000 ↑ 150,000
Coforge Ltd (Technology) Equity, Since 31 Jul 25 \| COFORGE	5%	₹15 Cr	84,619 ↑ 20,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Oct 11 \| LT	4%	₹13 Cr	33,007 ↓ -1,500
Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 31 Mar 23 \| AMBER	4%	₹13 Cr	17,050 ↓ -1,000
Eicher Motors Ltd (Consumer Cyclical) Equity, Since 28 Feb 25 \| EICHERMOT	4%	₹11 Cr	14,497
Adani Ports & Special Economic Zone Ltd (Industrials) Equity, Since 31 May 25 \| ADANIPORTS	4%	₹11 Cr	64,000
Premier Energies Ltd (Technology) Equity, Since 31 Mar 26 \| PREMIERENE	4%	₹11 Cr	105,000
Titan Co Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| TITAN	4%	₹11 Cr	22,000

3. 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.

Research Highlights for JM Dynamic Debt Fund

Bottom quartile AUM (₹53 Cr).
Established history (23+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 3.87% (lower mid).
1M return: 0.06% (bottom quartile).
Sharpe: -1.03 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.96% (top quartile).
Modified duration: 2.58 yrs (bottom quartile).
Average maturity: 3.23 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for JM Dynamic Debt Fund

JM Dynamic Debt Fund Growth
Launch Date	25 Jun 03
NAV (02 Sep 26)	₹43.2817 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹53 on 31 Jul 26
Category	Debt - Dynamic Bond
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.98
Sharpe Ratio	-1.03
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.96%
Effective Maturity	3 Years 2 Months 23 Days
Modified Duration	2 Years 6 Months 29 Days
Sub Cat.	Dynamic Bond

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,301
31 Aug 23	₹10,910
31 Aug 24	₹11,770
31 Aug 25	₹12,634
31 Aug 26	₹13,122

JM Dynamic Debt 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 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 2 Sep 26

Duration	Returns
1 Month	0.1%
3 Month	1.7%
6 Month	1.6%
1 Year	3.9%
3 Year	6.4%
5 Year	5.6%
10 Year
15 Year
Since launch	6.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7%
2024	8%
2023	6.3%
2022	3.8%
2021	2.7%
2020	7.8%
2019	6.2%
2018	7.4%
2017	7.5%
2016	8.3%

Fund Manager information for JM Dynamic Debt Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	1.82 Yr.
Ruchi Fozdar	3 Apr 24	2.41 Yr.
Jayant Dhoot	1 Aug 25	1.08 Yr.

Data below for JM Dynamic Debt Fund as on 31 Jul 26

Asset Allocation

Asset Class	Value
Cash	21.54%
Debt	78.13%
Other	0.33%

Debt Sector Allocation

Sector	Value
Corporate	56.79%
Government	38.65%
Cash Equivalent	4.23%

Credit Quality

Rating	Value
AA	4.95%
AAA	95.05%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.94% Govt Stock 2036 Sovereign Bonds \| -	13%	₹7 Cr	700,000
6.36% Govt Stock 2031 Sovereign Bonds \| -	12%	₹7 Cr	650,000
Rec Limited Debentures \| -	9%	₹5 Cr	450,000
National Bank For Agriculture And Rural Development Debentures \| -	8%	₹4 Cr	400,000
Small Industries Development Bank Of India Debentures \| -	7%	₹4 Cr	400,000
Bajaj Finance Limited Debentures \| -	6%	₹3 Cr	300,000
Mahindra And Mahindra Financial Services Limited Debentures \| -	6%	₹3 Cr	300,000
Bajaj Housing Finance Limited Debentures \| -	6%	₹3 Cr	300,000
6.68% Govt Stock 2040 Sovereign Bonds \| -	6%	₹3 Cr	300,000
Muthoot Finance Limited Debentures \| -	5%	₹3 Cr	250,000

4. 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.

Research Highlights for JM Multicap Fund

Highest AUM (₹5,185 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.53% (top quartile).
3Y return: 13.78% (top quartile).
1Y return: 3.20% (lower mid).
Alpha: -0.14 (bottom quartile).
Sharpe: -0.07 (lower mid).
Information ratio: 0.40 (top quartile).

Below is the key information for JM Multicap Fund

JM Multicap Fund Growth
Launch Date	23 Sep 08
NAV (02 Sep 26)	₹99.4992 ↓ -0.57 (-0.57 %)
Net Assets (Cr)	₹5,185 on 31 Jul 26
Category	Equity - Multi Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.8
Sharpe Ratio	-0.07
Information Ratio	0.4
Alpha Ratio	-0.14
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 Aug 21	₹10,000
31 Aug 22	₹10,739
31 Aug 23	₹13,410
31 Aug 24	₹21,736
31 Aug 25	₹19,095
31 Aug 26	₹20,235

JM Multicap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 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 2 Sep 26

Duration	Returns
1 Month	0.8%
3 Month	6.6%
6 Month	7.2%
1 Year	3.2%
3 Year	13.8%
5 Year	14.5%
10 Year
15 Year
Since launch	13.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-6.8%
2024	33.3%
2023	40%
2022	7.8%
2021	32.9%
2020	11.4%
2019	16.6%
2018	-5.4%
2017	39.5%
2016	10.5%

Fund Manager information for JM Multicap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	4.95 Yr.
Asit Bhandarkar	1 Oct 24	1.83 Yr.
Ruchi Fozdar	4 Oct 24	1.82 Yr.
Deepak Gupta	11 Apr 25	1.31 Yr.

Data below for JM Multicap Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	28.1%
Consumer Cyclical	21.91%
Technology	14.19%
Industrials	10.17%
Health Care	6.43%
Basic Materials	6.32%
Energy	4.03%
Consumer Defensive	3.52%
Communication Services	2.43%
Utility	1.13%

Asset Allocation

Asset Class	Value
Cash	1.75%
Equity	98.23%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 21 \| ICICIBANK	5%	₹253 Cr	1,765,062 ↓ -185,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| HDFCBANK	4%	₹187 Cr	2,500,000 ↓ -950,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	3%	₹137 Cr	347,357
Shriram Finance Ltd (Financial Services) Equity, Since 31 Dec 25 \| SHRIRAMFIN	3%	₹134 Cr	1,278,283 ↑ 278,283
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 28 Feb 25 \| GODFRYPHLP	2%	₹128 Cr	600,000 ↓ -60,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	2%	₹126 Cr	638,700 ↑ 60,000
State Bank of India (Financial Services) Equity, Since 30 Nov 20 \| SBIN	2%	₹122 Cr	1,183,384 ↑ 93,188
One97 Communications Ltd (Technology) Equity, Since 31 May 25 \| PAYTM	2%	₹119 Cr	889,776 ↓ -100,000
Infosys Ltd (Technology) Equity, Since 31 Aug 25 \| INFY	2%	₹109 Cr	964,796 ↑ 120,000
Tech Mahindra Ltd (Technology) Equity, Since 31 Jul 24 \| 532755	2%	₹104 Cr	628,852 ↑ 88,497

5. 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.

Research Highlights for JM Value Fund

Upper mid AUM (₹807 Cr).
Established history (29+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 14.17% (top quartile).
3Y return: 11.44% (upper mid).
1Y return: 0.87% (bottom quartile).
Alpha: -5.07 (bottom quartile).
Sharpe: -0.30 (bottom quartile).
Information ratio: 0.04 (lower mid).

Below is the key information for JM Value Fund

JM Value Fund Growth
Launch Date	2 Jun 97
NAV (02 Sep 26)	₹96.6017 ↓ -0.64 (-0.66 %)
Net Assets (Cr)	₹807 on 31 Jul 26
Category	Equity - Value
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.23
Sharpe Ratio	-0.3
Information Ratio	0.04
Alpha Ratio	-5.07
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 Aug 21	₹10,000
31 Aug 22	₹10,360
31 Aug 23	₹14,056
31 Aug 24	₹22,424
31 Aug 25	₹19,174
31 Aug 26	₹19,870

JM Value Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 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 2 Sep 26

Duration	Returns
1 Month	2.1%
3 Month	6.2%
6 Month	6.8%
1 Year	0.9%
3 Year	11.4%
5 Year	14.2%
10 Year
15 Year
Since launch	15.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-4.4%
2024	25.1%
2023	47.7%
2022	5.3%
2021	36.3%
2020	13.4%
2019	11.9%
2018	-11.2%
2017	44.6%
2016	12.1%

Fund Manager information for JM Value Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	5.03 Yr.
Asit Bhandarkar	11 Dec 06	19.74 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Value Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	28.93%
Consumer Cyclical	21.68%
Industrials	16.45%
Technology	13.18%
Health Care	4.65%
Communication Services	3.98%
Consumer Defensive	3.52%
Basic Materials	3.11%
Utility	2.98%
Energy	0.82%

Asset Allocation

Asset Class	Value
Cash	0.69%
Equity	99.31%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 26 \| ICICIBANK	4%	₹33 Cr	230,000 ↑ 50,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Apr 09 \| LT	4%	₹32 Cr	80,613 ↑ 15,000
Shriram Finance Ltd (Financial Services) Equity, Since 31 Aug 25 \| SHRIRAMFIN	4%	₹31 Cr	300,000 ↓ -19,391
Redington Ltd (Technology) Equity, Since 30 Jun 26 \| 532805	3%	₹27 Cr	847,047 ↑ 447,047
Jana Small Finance Bank Ltd (Financial Services) Equity, Since 30 Sep 24 \| JSFB	3%	₹26 Cr	443,989 ↓ -106,064
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	3%	₹25 Cr	225,000 ↑ 30,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 24 \| BHARTIARTL	3%	₹24 Cr	120,000 ↑ 40,000
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 31 Aug 24 \| GODFRYPHLP	3%	₹23 Cr	105,579 ↓ -29,244
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 12 \| HDFCBANK	3%	₹22 Cr	290,000 ↓ -40,000
Tech Mahindra Ltd (Technology) Equity, Since 30 Jun 24 \| 532755	3%	₹22 Cr	130,266 ↑ 40,000

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.

Research Highlights for JM Tax Gain Fund

Bottom quartile AUM (₹242 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.35% (upper mid).
3Y return: 15.30% (top quartile).
1Y return: 8.12% (top quartile).
Alpha: 5.40 (top quartile).
Sharpe: 0.22 (top quartile).
Information ratio: 0.70 (top quartile).

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund Growth
Launch Date	31 Mar 08
NAV (02 Sep 26)	₹52.2569 ↓ -0.40 (-0.76 %)
Net Assets (Cr)	₹242 on 31 Jul 26
Category	Equity - ELSS
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.37
Sharpe Ratio	0.22
Information Ratio	0.7
Alpha Ratio	5.4
Min Investment	500
Min SIP Investment	500
Exit Load	NIL
Sub Cat.	ELSS

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,313
31 Aug 23	₹12,320
31 Aug 24	₹18,843
31 Aug 25	₹17,349
31 Aug 26	₹19,198

JM Tax Gain Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 2 Sep 26

Duration	Returns
1 Month	0.8%
3 Month	9.1%
6 Month	12.8%
1 Year	8.1%
3 Year	15.3%
5 Year	13.4%
10 Year
15 Year
Since launch	9.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	2.5%
2024	29%
2023	30.9%
2022	0.5%
2021	32.2%
2020	18.3%
2019	14.9%
2018	-4.6%
2017	42.6%
2016	5.2%

Fund Manager information for JM Tax Gain Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.83 Yr.
Asit Bhandarkar	31 Dec 21	4.59 Yr.
Ruchi Fozdar	4 Oct 24	1.82 Yr.
Deepak Gupta	11 Apr 25	1.31 Yr.

Data below for JM Tax Gain Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	26.55%
Consumer Cyclical	22.02%
Technology	12.01%
Basic Materials	7.84%
Health Care	7.73%
Industrials	7.47%
Real Estate	3.92%
Consumer Defensive	3.63%
Energy	2.88%
Communication Services	2.68%
Utility	1.47%

Asset Allocation

Asset Class	Value
Cash	1.79%
Equity	98.21%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 11 \| HDFCBANK	3%	₹7 Cr	98,262
Syrma SGS Technology Ltd (Technology) Equity, Since 31 May 25 \| SYRMA	3%	₹7 Cr	52,357 ↓ -7,100
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 25 \| RELIANCE	3%	₹7 Cr	53,400
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| ICICIBANK	3%	₹7 Cr	48,500
Karur Vysya Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| 590003	3%	₹7 Cr	199,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹6 Cr	32,950
One97 Communications Ltd (Technology) Equity, Since 31 May 25 \| PAYTM	3%	₹6 Cr	47,371
Wework India Management Ltd (Real Estate) Equity, Since 31 Oct 25 \| WEWORK	3%	₹6 Cr	83,621
United Spirits Ltd (Consumer Defensive) Equity, Since 31 Aug 25 \| UNITDSPR	2%	₹6 Cr	37,100
CarTrade Tech Ltd (Consumer Cyclical) Equity, Since 30 Sep 25 \| 543333	2%	₹6 Cr	20,655

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.

Research Highlights for JM Ultra Short Duration Fund

Bottom quartile AUM (₹35 Cr).
Established history (19+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.35% (upper mid).
1M return: 0.23% (bottom quartile).
Sharpe: 0.13 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 3.37% (upper mid).
Modified duration: 0.35 yrs (bottom quartile).
Average maturity: 0.37 yrs (bottom quartile).
Exit load: NIL.

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

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 2 Sep 26

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
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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.

Research Highlights for JM Arbitrage Fund

Lower mid AUM (₹391 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 5.67% (bottom quartile).
3Y return: 6.35% (bottom quartile).
1Y return: 5.66% (upper mid).
1M return: 0.50% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.04 (upper mid).
Information ratio: 0.00 (bottom quartile).

Below is the key information for JM Arbitrage Fund

JM Arbitrage Fund Growth
Launch Date	18 Jul 06
NAV (02 Sep 26)	₹34.75 ↓ -0.06 (-0.17 %)
Net Assets (Cr)	₹391 on 31 Jul 26
Category	Hybrid - Arbitrage
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.08
Sharpe Ratio	-0.04
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 Aug 21	₹10,000
31 Aug 22	₹10,295
31 Aug 23	₹10,940
31 Aug 24	₹11,721
31 Aug 25	₹12,446
31 Aug 26	₹13,139

JM Arbitrage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120 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 2 Sep 26

Duration	Returns
1 Month	0.5%
3 Month	1.7%
6 Month	2.7%
1 Year	5.7%
3 Year	6.4%
5 Year	5.7%
10 Year
15 Year
Since launch	6.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	5.9%
2024	7.2%
2023	6.6%
2022	4%
2021	2.8%
2020	2.6%
2019	5.3%
2018	5.4%
2017	5.1%
2016	6.8%

Fund Manager information for JM Arbitrage Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.92 Yr.
Asit Bhandarkar	18 Jul 14	12.13 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Arbitrage Fund as on 31 Jul 26

Asset Allocation

Asset Class	Value
Cash	93.25%
Equity	1.73%
Debt	5.01%
Other	0.02%

Equity Sector Allocation

Sector	Value
Consumer Cyclical	3.13%
Financial Services	1.91%
Communication Services	1.51%
Industrials	0.95%
Consumer Defensive	0.48%
Basic Materials	0.22%

Debt Sector Allocation

Sector	Value
Cash Equivalent	91.94%
Government	5.98%
Corporate	0.33%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
JM Liquid Dir Gr Investment Fund \| -	6%	₹23 Cr	3,034,000
Future on HDFC Bank Ltd Derivatives \| -	5%	-₹18 Cr	238,550
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 25 \| HDFCBANK	5%	₹18 Cr	238,550
Future on Kotak Mahindra Bank Ltd Derivatives \| -	4%	-₹16 Cr	420,000 ↑ 40,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 25 \| KOTAKBANK	4%	₹16 Cr	420,000 ↑ 40,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 25 \| ICICIBANK	4%	₹16 Cr	109,200
Future on ICICI Bank Ltd Derivatives \| -	4%	-₹16 Cr	109,200
Future on Reliance Industries Ltd Derivatives \| -	4%	-₹14 Cr	108,000
Reliance Industries Ltd (Energy) Equity, Since 30 Sep 24 \| RELIANCE	4%	₹14 Cr	108,000
Eternal Limited 25/08/2026 Derivatives \| -	3%	-₹13 Cr	429,225 ↑ 429,225

9. JM Large Cap Fund

(Erstwhile JM Equity Fund)

The scheme seeks to provide optimum capital growth and appreciation.

Research Highlights for JM Large Cap Fund

Upper mid AUM (₹402 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 10.07% (lower mid).
3Y return: 10.61% (lower mid).
1Y return: 2.00% (bottom quartile).
Alpha: 0.80 (upper mid).
Sharpe: -0.12 (lower mid).
Information ratio: 0.10 (upper mid).

Below is the key information for JM Large Cap Fund

JM Large Cap Fund Growth
Launch Date	1 Apr 95
NAV (02 Sep 26)	₹154.283 ↓ -0.43 (-0.28 %)
Net Assets (Cr)	₹402 on 31 Jul 26
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.39
Sharpe Ratio	-0.12
Information Ratio	0.1
Alpha Ratio	0.8
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 Aug 21	₹10,000
31 Aug 22	₹10,462
31 Aug 23	₹11,894
31 Aug 24	₹17,616
31 Aug 25	₹15,749
31 Aug 26	₹16,431

JM Large Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 2 Sep 26

Duration	Returns
1 Month	-0.2%
3 Month	5.1%
6 Month	1%
1 Year	2%
3 Year	10.6%
5 Year	10.1%
10 Year
15 Year
Since launch	9.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	3.8%
2024	15.1%
2023	29.6%
2022	3.4%
2021	23.2%
2020	18.1%
2019	4.9%
2018	0.8%
2017	20.9%
2016	1.8%

Fund Manager information for JM Large Cap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	5.03 Yr.
Asit Bhandarkar	5 Oct 17	8.91 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	27 Jan 25	1.59 Yr.

Data below for JM Large Cap Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	30.64%
Consumer Cyclical	15.01%
Industrials	13.4%
Technology	7.94%
Health Care	7.36%
Basic Materials	6.03%
Consumer Defensive	4.98%
Energy	4.34%
Communication Services	3.85%
Utility	3.19%
Real Estate	1.14%

Asset Allocation

Asset Class	Value
Cash	2.13%
Equity	97.87%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 12 \| HDFCBANK	6%	₹23 Cr	303,694 ↓ -50,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 11 \| ICICIBANK	5%	₹22 Cr	153,187
State Bank of India (Financial Services) Equity, Since 31 Oct 11 \| SBIN	4%	₹17 Cr	169,097
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	4%	₹15 Cr	78,550 ↓ -10,400
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 25 \| RELIANCE	3%	₹13 Cr	100,700
Bajaj Finance Ltd (Financial Services) Equity, Since 28 Feb 25 \| 500034	3%	₹13 Cr	112,499
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 25 \| LT	3%	₹12 Cr	29,900 ↓ -2,400
Torrent Pharmaceuticals Ltd (Healthcare) Equity, Since 28 Feb 25 \| TORNTPHARM	3%	₹12 Cr	22,773
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 25 \| 532215	3%	₹11 Cr	91,423
Apollo Hospitals Enterprise Ltd (Healthcare) Equity, Since 28 Feb 25 \| APOLLOHOSP	3%	₹11 Cr	11,775

10. JM Equity Hybrid Fund

(Erstwhile JM Balanced Fund)

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

Research Highlights for JM Equity Hybrid Fund

Upper mid AUM (₹704 Cr).
Established history (31+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.10% (upper mid).
3Y return: 11.84% (upper mid).
1Y return: 1.69% (bottom quartile).
1M return: 0.86% (top quartile).
Alpha: -2.74 (bottom quartile).
Sharpe: -0.31 (bottom quartile).
Information ratio: 0.37 (upper mid).

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (02 Sep 26)	₹121.223 ↓ -0.50 (-0.41 %)
Net Assets (Cr)	₹704 on 31 Jul 26
Category	Hybrid - Hybrid Equity
AMC	JM Financial Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	2.26
Sharpe Ratio	-0.31
Information Ratio	0.37
Alpha Ratio	-2.74
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 Aug 21	₹10,000
31 Aug 22	₹10,205
31 Aug 23	₹12,791
31 Aug 24	₹19,153
31 Aug 25	₹17,435
31 Aug 26	₹18,092

JM Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 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 2 Sep 26

Duration	Returns
1 Month	0.9%
3 Month	7.1%
6 Month	5.4%
1 Year	1.7%
3 Year	11.8%
5 Year	12.1%
10 Year
15 Year
Since launch	12.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-3.1%
2024	27%
2023	33.8%
2022	8.1%
2021	22.9%
2020	30.5%
2019	-8.1%
2018	1.7%
2017	18.5%
2016	3%

Fund Manager information for JM Equity Hybrid Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.83 Yr.
Asit Bhandarkar	31 Dec 21	4.59 Yr.
Ruchi Fozdar	4 Oct 24	1.82 Yr.
Deepak Gupta	11 Apr 25	1.31 Yr.

Data below for JM Equity Hybrid Fund as on 31 Jul 26

Asset Allocation

Asset Class	Value
Cash	5.64%
Equity	78.66%
Debt	15.7%

Equity Sector Allocation

Sector	Value
Financial Services	21.83%
Consumer Cyclical	13.13%
Technology	12.44%
Industrials	8.36%
Health Care	5.38%
Basic Materials	3.99%
Energy	3.75%
Communication Services	3.04%
Utility	2.79%
Consumer Defensive	2.79%
Real Estate	1.15%

Debt Sector Allocation

Sector	Value
Corporate	12.57%
Government	7.45%
Cash Equivalent	1.32%

Credit Quality

Rating	Value
AA	15.82%
AAA	84.18%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.36% Govt Stock 2031 Sovereign Bonds \| -	4%	₹25 Cr	2,525,000 ↑ 1,025,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	4%	₹25 Cr	218,040
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	3%	₹21 Cr	108,446 ↓ -15,300
One97 Communications Ltd (Technology) Equity, Since 30 Jun 25 \| PAYTM	3%	₹21 Cr	157,147
Coforge Ltd (Technology) Equity, Since 31 May 25 \| COFORGE	3%	₹20 Cr	116,000
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| ETERNAL	3%	₹18 Cr	600,000
Reliance Industries Ltd (Energy) Equity, Since 28 Feb 26 \| RELIANCE	2%	₹17 Cr	133,000
Apollo Hospitals Enterprise Ltd (Healthcare) Equity, Since 31 Dec 25 \| APOLLOHOSP	2%	₹15 Cr	17,014 ↓ -1,650
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Apr 26 \| KOTAKBANK	2%	₹15 Cr	380,000 ↑ 40,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 21 \| ICICIBANK	2%	₹14 Cr	100,500

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