JM Financial Mutual Fund

Updated on September 17, 2025 , 5737 views

JM Financial Mutual Fund is India’s one of the first private sector mutual fund company. This mutual fund company is a part of JM Financial Group. JM Financial Mutual Fund offers a bunch of mutual fund schemes across various types of funds to cater the diverse needs of both institutional as well as retail investors. JM Financial Group has a strong foundation in the financial services sector and has its presence for a period of more than four decades.

The objective of JM Financial Mutual Fund is to help investors in achieving their goals through prudent investment, proper fund management, and strong systems of managing risk scientifically.

AMC	JM Financial Mutual Fund
Date of Setup	September 15, 1994
AUM	INR 12072.94 crore (Jun-30-2018)
Chairman	Mr. V. P. Shetty
CEO/MD	Mr. Bhanu Katoch
CIO	N.A
Compliance Officer	Ms. Diana D'sa
investor Service Officer	Mr. Harish Kukreja
Fax	22876297/98
Tel	022-61987777
Website	www.jmfinancialmf.com
Email	investor[AT]jmfl.com

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About JM Financial Mutual Fund

JM mutual fund is one of the first private sector mutual fund companies that has its presence over two decades. The company commenced its operations in December 1994, with three mutual fund schemes, namely, JM Liquid Fund (presently JM Income Fund), JM Equity Fund, and JM Balanced Fund. The Asset Management Company or AMC that runs the JM Mutual Fund is JM Financial Asset Management Ltd. This AMC is a part of JM Financial Limited. JM Financial Limited has spread its wings in various areas of investment banking, private equity, asset reconstruction, investment advisory, and so on. JM Financial Group was founded in the year 1973 and registered under the name as JM Financial & Investment Consultancy Services.

Best Mutual Funds by JM Financial Mutual Fund

JM Financial Mutual Fund offers various mutual fund schemes under the following mutual fund categories.

Equity Funds

A mutual fund scheme whose funds are predominantly invested in equity shares of companies is known as an equity fund. Equity fund does not offer fixed returns. Some of the equity fund schemes offered by JM Financial Mutual Fund include JM Balanced Fund, JM Equity Fund, JM Basic Fund, and so on. These funds have various options like dividend option, growth option, etc., which investors can choose depending on their preference.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
JM Core 11 Fund Growth	₹20.2349 ↓ -0.09	₹283	5.6	10.2	-3.2	19.3	20.7	24.3
JM Multicap Fund Growth	₹100.099 ↓ -0.19	₹5,943	4.8	11.2	-6.5	22.7	26.2	33.3
JM Value Fund Growth	₹99.5802 ↑ 0.40	₹1,019	4	13.3	-8.3	24.4	26.4	25.1
JM Tax Gain Fund Growth	₹49.5619 ↓ -0.19	₹210	5.3	12.8	-4.4	20.1	23.2	29
JM Large Cap Fund Growth	₹156.046 ↓ -0.50	₹490	4.1	11.4	-5.5	15.7	17.2	15.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	JM Core 11 Fund	JM Multicap Fund	JM Value Fund	JM Tax Gain Fund	JM Large Cap Fund
Point 1	Bottom quartile AUM (₹283 Cr).	Highest AUM (₹5,943 Cr).	Upper mid AUM (₹1,019 Cr).	Bottom quartile AUM (₹210 Cr).	Lower mid AUM (₹490 Cr).
Point 2	Established history (17+ yrs).	Established history (17+ yrs).	Established history (28+ yrs).	Established history (17+ yrs).	Oldest track record among peers (30 yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 20.72% (bottom quartile).	5Y return: 26.19% (upper mid).	5Y return: 26.45% (top quartile).	5Y return: 23.17% (lower mid).	5Y return: 17.16% (bottom quartile).
Point 6	3Y return: 19.31% (bottom quartile).	3Y return: 22.71% (upper mid).	3Y return: 24.39% (top quartile).	3Y return: 20.13% (lower mid).	3Y return: 15.74% (bottom quartile).
Point 7	1Y return: -3.19% (top quartile).	1Y return: -6.47% (bottom quartile).	1Y return: -8.31% (bottom quartile).	1Y return: -4.40% (upper mid).	1Y return: -5.46% (lower mid).
Point 8	Alpha: -5.21 (upper mid).	Alpha: -8.50 (bottom quartile).	Alpha: -10.12 (bottom quartile).	Alpha: -3.68 (top quartile).	Alpha: -7.84 (lower mid).
Point 9	Sharpe: -0.92 (upper mid).	Sharpe: -1.13 (bottom quartile).	Sharpe: -1.17 (bottom quartile).	Sharpe: -0.85 (top quartile).	Sharpe: -1.11 (lower mid).
Point 10	Information ratio: 0.54 (bottom quartile).	Information ratio: 1.09 (top quartile).	Information ratio: 1.05 (upper mid).	Information ratio: 0.80 (lower mid).	Information ratio: 0.25 (bottom quartile).

JM Core 11 Fund

Bottom quartile AUM (₹283 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: High.
5Y return: 20.72% (bottom quartile).
3Y return: 19.31% (bottom quartile).
1Y return: -3.19% (top quartile).
Alpha: -5.21 (upper mid).
Sharpe: -0.92 (upper mid).
Information ratio: 0.54 (bottom quartile).

JM Multicap Fund

Highest AUM (₹5,943 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 26.19% (upper mid).
3Y return: 22.71% (upper mid).
1Y return: -6.47% (bottom quartile).
Alpha: -8.50 (bottom quartile).
Sharpe: -1.13 (bottom quartile).
Information ratio: 1.09 (top quartile).

JM Value Fund

Upper mid AUM (₹1,019 Cr).
Established history (28+ yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 26.45% (top quartile).
3Y return: 24.39% (top quartile).
1Y return: -8.31% (bottom quartile).
Alpha: -10.12 (bottom quartile).
Sharpe: -1.17 (bottom quartile).
Information ratio: 1.05 (upper mid).

JM Tax Gain Fund

Bottom quartile AUM (₹210 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 23.17% (lower mid).
3Y return: 20.13% (lower mid).
1Y return: -4.40% (upper mid).
Alpha: -3.68 (top quartile).
Sharpe: -0.85 (top quartile).
Information ratio: 0.80 (lower mid).

JM Large Cap Fund

Lower mid AUM (₹490 Cr).
Oldest track record among peers (30 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.16% (bottom quartile).
3Y return: 15.74% (bottom quartile).
1Y return: -5.46% (lower mid).
Alpha: -7.84 (lower mid).
Sharpe: -1.11 (lower mid).
Information ratio: 0.25 (bottom quartile).

Debt Funds

Debt fund is a category or mutual fund scheme that invests its predominant stake in Fixed Income securities. The Underlying securities forming part of the debt funds include Bonds, government securities, and money market instruments. The aim of these funds is to provide a regular and steady returns to the investors by Investing in debt instruments. Some of the mutual fund schemes offered by JM Financial Mutual Fund under the debt fund category include JM Floater Long Term Fund, JM G-Sec Fund, JM Income Fund, JM Money Manager Fund, and JM Short Term Fund.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
JM Liquid Fund Growth	₹72.1291 ↑ 0.01	₹2,695	1.4	3.2	6.8	6.9	7.2	5.83%	1M 7D	1M 9D
JM Dynamic Debt Fund Growth	₹41.8721 ↑ 0.01	₹61	0.3	3.6	6.9	7.2	8	6.85%	4Y 5M 19D	6Y 11D
JM Ultra Short Duration Fund Growth	₹26.7173 ↑ 0.00	₹35	4.5	6.4	5.3	4.3		3.37%	4M 7D	4M 13D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Sep 25

Research Highlights & Commentary of 3 Funds showcased

Commentary	JM Liquid Fund	JM Dynamic Debt Fund	JM Ultra Short Duration Fund
Point 1	Highest AUM (₹2,695 Cr).	Lower mid AUM (₹61 Cr).	Bottom quartile AUM (₹35 Cr).
Point 2	Oldest track record among peers (27 yrs).	Established history (22+ yrs).	Established history (18+ yrs).
Point 3	Top rated.	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	1Y return: 6.76% (lower mid).	1Y return: 6.85% (upper mid).	1Y return: 5.35% (bottom quartile).
Point 6	1M return: 0.47% (upper mid).	1M return: 0.46% (lower mid).	1M return: 0.23% (bottom quartile).
Point 7	Sharpe: 2.95 (upper mid).	Sharpe: 0.29 (lower mid).	Sharpe: 0.13 (bottom quartile).
Point 8	Information ratio: -2.17 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).
Point 9	Yield to maturity (debt): 5.83% (lower mid).	Yield to maturity (debt): 6.85% (upper mid).	Yield to maturity (debt): 3.37% (bottom quartile).
Point 10	Modified duration: 0.10 yrs (upper mid).	Modified duration: 4.47 yrs (bottom quartile).	Modified duration: 0.35 yrs (lower mid).

JM Liquid Fund

Highest AUM (₹2,695 Cr).
Oldest track record among peers (27 yrs).
Top rated.
Risk profile: Low.
1Y return: 6.76% (lower mid).
1M return: 0.47% (upper mid).
Sharpe: 2.95 (upper mid).
Information ratio: -2.17 (bottom quartile).
Yield to maturity (debt): 5.83% (lower mid).
Modified duration: 0.10 yrs (upper mid).

JM Dynamic Debt Fund

Lower mid AUM (₹61 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.85% (upper mid).
1M return: 0.46% (lower mid).
Sharpe: 0.29 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.85% (upper mid).
Modified duration: 4.47 yrs (bottom quartile).

JM Ultra Short Duration Fund

Bottom quartile AUM (₹35 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 5.35% (bottom quartile).
1M return: 0.23% (bottom quartile).
Sharpe: 0.13 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 3.37% (bottom quartile).
Modified duration: 0.35 yrs (lower mid).

Hybrid Funds

Hybrid funds or Balanced funds refer to the mutual fund scheme that invests its accumulated funds in a combination of equity and debt instruments. These funds are good option for people seeking Capital appreciation along with regular inflow of income. JM Financial Mutual Fund offers JM Balanced Fund under the balanced category. This scheme was launched on April 01, 1995. The risk appetite of JM Balanced Fund is moderately high. The performance of JM Balanced Fund is tabulated as follows.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
JM Arbitrage Fund Growth	₹32.9368 ↑ 0.01	₹365	1.2	2.8	6	6.5	5.1	7.2
JM Equity Hybrid Fund Growth	₹122.648 ↑ 0.16	₹804	3.1	9.3	-4.7	20.7	21.6	27
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Sep 25

Research Highlights & Commentary of 2 Funds showcased

Commentary	JM Arbitrage Fund	JM Equity Hybrid Fund
Point 1	Bottom quartile AUM (₹365 Cr).	Highest AUM (₹804 Cr).
Point 2	Established history (19+ yrs).	Oldest track record among peers (30 yrs).
Point 3	Top rated.	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Moderately High.
Point 5	5Y return: 5.06% (bottom quartile).	5Y return: 21.64% (upper mid).
Point 6	3Y return: 6.51% (bottom quartile).	3Y return: 20.67% (upper mid).
Point 7	1Y return: 6.02% (upper mid).	1Y return: -4.70% (bottom quartile).
Point 8	1M return: 0.37% (bottom quartile).	1M return: 2.65% (upper mid).
Point 9	Alpha: 0.00 (upper mid).	Alpha: -8.63 (bottom quartile).
Point 10	Sharpe: -0.84 (upper mid).	Sharpe: -1.21 (bottom quartile).

JM Arbitrage Fund

Bottom quartile AUM (₹365 Cr).
Established history (19+ yrs).
Top rated.
Risk profile: Moderately Low.
5Y return: 5.06% (bottom quartile).
3Y return: 6.51% (bottom quartile).
1Y return: 6.02% (upper mid).
1M return: 0.37% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.84 (upper mid).

JM Equity Hybrid Fund

Highest AUM (₹804 Cr).
Oldest track record among peers (30 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.64% (upper mid).
3Y return: 20.67% (upper mid).
1Y return: -4.70% (bottom quartile).
1M return: 2.65% (upper mid).
Alpha: -8.63 (bottom quartile).
Sharpe: -1.21 (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

Upper mid AUM (₹2,695 Cr).
Established history (27+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.76% (top quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 2.95 (top quartile).
Information ratio: -2.17 (bottom quartile).
Yield to maturity (debt): 5.83% (upper mid).
Modified duration: 0.10 yrs (lower mid).
Average maturity: 0.11 yrs (lower mid).
Exit load: NIL.
Top sector: Consumer Cyclical.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Ccil (~6.8%).

Below is the key information for JM Liquid Fund

JM Liquid Fund Growth
Launch Date	31 Dec 97
NAV (19 Sep 25)	₹72.1291 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹2,695 on 31 Aug 25
Category	Debt - Liquid Fund
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.22
Sharpe Ratio	2.95
Information Ratio	-2.17
Alpha Ratio	-0.14
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	5.83%
Effective Maturity	1 Month 9 Days
Modified Duration	1 Month 7 Days

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹10,322
31 Aug 22	₹10,724
31 Aug 23	₹11,436
31 Aug 24	₹12,266
31 Aug 25	₹13,104

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 19 Sep 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3.2%
1 Year	6.8%
3 Year	6.9%
5 Year	5.6%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	8.4%

Fund Manager information for JM Liquid Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	0.82 Yr.
Ruchi Fozdar	3 Apr 24	1.41 Yr.
Jayant Dhoot	1 Aug 25	0.08 Yr.

Data below for JM Liquid Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	99.74%
Other	0.26%

Debt Sector Allocation

Sector	Value
Cash Equivalent	70.82%
Corporate	26.96%
Government	1.96%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Ccil CBLO/Reverse Repo \| -	7%	₹208 Cr	208,290 ↑ 208,290
Small Industries Development Bank Of India Commercial Paper \| -	5%	₹150 Cr	15,000,000
Bank Of Baroda Certificate of Deposit \| -	4%	₹125 Cr	12,500,000 ↑ 2,500,000
Punjab National Bank Certificate of Deposit \| -	3%	₹100 Cr	10,000,000
Axis Bank Limited Certificate of Deposit \| -	3%	₹100 Cr	10,000,000
Union Bank Of India Certificate of Deposit \| -	3%	₹100 Cr	10,000,000
Bank of India Ltd. Debentures \| -	3%	₹99 Cr	10,000,000
Indian Bank Certificate of Deposit \| -	3%	₹99 Cr	10,000,000 ↑ 10,000,000
Godrej Agrovet Ltd. Commercial Paper \| -	2%	₹75 Cr	7,500,000
Indian Oil Corporation Ltd. Commercial Paper \| -	2%	₹75 Cr	7,500,000 ↑ 2,500,000

2. 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

Bottom quartile AUM (₹490 Cr).
Oldest track record among peers (30 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 17.16% (lower mid).
3Y return: 15.74% (lower mid).
1Y return: -5.46% (lower mid).
Alpha: -7.84 (upper mid).
Sharpe: -1.11 (upper mid).
Information ratio: 0.25 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding HDFC Bank Ltd (~8.6%).

Below is the key information for JM Large Cap Fund

JM Large Cap Fund Growth
Launch Date	1 Apr 95
NAV (19 Sep 25)	₹156.046 ↓ -0.50 (-0.32 %)
Net Assets (Cr)	₹490 on 31 Aug 25
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.36
Sharpe Ratio	-1.11
Information Ratio	0.25
Alpha Ratio	-7.84
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹13,535
31 Aug 22	₹14,160
31 Aug 23	₹16,099
31 Aug 24	₹23,842
31 Aug 25	₹21,316

JM Large Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 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 19 Sep 25

Duration	Returns
1 Month	2%
3 Month	4.1%
6 Month	11.4%
1 Year	-5.5%
3 Year	15.7%
5 Year	17.2%
10 Year
15 Year
Since launch	9.4%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	-1.3%

Fund Manager information for JM Large Cap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	4.04 Yr.
Asit Bhandarkar	5 Oct 17	7.91 Yr.
Ruchi Fozdar	4 Oct 24	0.91 Yr.
Deepak Gupta	27 Jan 25	0.59 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	30.92%
Industrials	11.61%
Consumer Cyclical	11.54%
Technology	11.44%
Communication Services	7.01%
Health Care	6.22%
Basic Materials	5.92%
Energy	4.67%
Consumer Defensive	4.42%
Utility	4.41%
Real Estate	1.11%

Asset Allocation

Asset Class	Value
Cash	0.73%
Equity	99.27%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 12 \| HDFCBANK	9%	₹44 Cr	216,972 ↑ 35,500
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 11 \| ICICIBANK	6%	₹29 Cr	194,587 ↑ 17,500
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	5%	₹25 Cr	133,000
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 25 \| LT	4%	₹22 Cr	60,500
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 25 \| RELIANCE	4%	₹19 Cr	135,000
Infosys Ltd (Technology) Equity, Since 30 Apr 15 \| INFY	3%	₹16 Cr	106,998 ↓ -26,500
InterGlobe Aviation Ltd (Industrials) Equity, Since 31 Mar 25 \| INDIGO	3%	₹14 Cr	23,500
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 25 \| 532215	3%	₹13 Cr	120,173 ↓ -31,827
Bajaj Finance Ltd (Financial Services) Equity, Since 28 Feb 25 \| 500034	2%	₹12 Cr	139,999 ↑ 27,499
State Bank of India (Financial Services) Equity, Since 31 Oct 11 \| SBIN	2%	₹11 Cr	141,397 ↓ -56,000

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.

Research Highlights for JM Multicap Fund

Highest AUM (₹5,943 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 26.19% (top quartile).
3Y return: 22.71% (top quartile).
1Y return: -6.47% (bottom quartile).
Alpha: -8.50 (lower mid).
Sharpe: -1.13 (lower mid).
Information ratio: 1.09 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding ICICI Bank Ltd (~4.7%).

Below is the key information for JM Multicap Fund

JM Multicap Fund Growth
Launch Date	23 Sep 08
NAV (19 Sep 25)	₹100.099 ↓ -0.19 (-0.19 %)
Net Assets (Cr)	₹5,943 on 31 Aug 25
Category	Equity - Multi Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.84
Sharpe Ratio	-1.13
Information Ratio	1.09
Alpha Ratio	-8.5
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹15,967
31 Aug 22	₹17,147
31 Aug 23	₹21,412
31 Aug 24	₹34,704
31 Aug 25	₹30,488

JM Multicap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹584,107.
Net Profit of ₹284,107 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 19 Sep 25

Duration	Returns
1 Month	2.7%
3 Month	4.8%
6 Month	11.2%
1 Year	-6.5%
3 Year	22.7%
5 Year	26.2%
10 Year
15 Year
Since launch	14.5%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	-2.8%

Fund Manager information for JM Multicap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	4.04 Yr.
Asit Bhandarkar	1 Oct 24	0.92 Yr.
Ruchi Fozdar	4 Oct 24	0.91 Yr.
Deepak Gupta	11 Apr 25	0.39 Yr.

Data below for JM Multicap Fund as on 31 Aug 25

Equity Sector Allocation

Sector	Value
Financial Services	28.57%
Consumer Cyclical	18.04%
Industrials	15.66%
Technology	11.48%
Consumer Defensive	7.15%
Energy	5.51%
Health Care	5.47%
Basic Materials	3.12%
Communication Services	2.7%
Real Estate	0.78%

Asset Allocation

Asset Class	Value
Cash	1.51%
Equity	98.49%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 21 \| ICICIBANK	5%	₹281 Cr	1,900,000 ↓ -50,000
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 28 Feb 25 \| GODFRYPHLP	4%	₹238 Cr	261,706
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| HDFCBANK	4%	₹238 Cr	1,177,626 ↓ -147,374
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	4%	₹236 Cr	650,000
One97 Communications Ltd (Technology) Equity, Since 31 May 25 \| 543396	3%	₹180 Cr	1,654,322 ↑ 289,999
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 25 \| RELIANCE	3%	₹169 Cr	1,215,516 ↓ -684,484
Tech Mahindra Ltd (Technology) Equity, Since 31 Jul 24 \| 532755	3%	₹161 Cr	1,100,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹161 Cr	840,000 ↓ -160,000
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 31 May 25 \| HINDPETRO	3%	₹159 Cr	3,799,881 ↓ -460,489
Adani Ports & Special Economic Zone Ltd (Industrials) Equity, Since 31 May 25 \| ADANIPORTS	3%	₹151 Cr	1,100,000

4. 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

Lower mid AUM (₹804 Cr).
Established history (30+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.64% (upper mid).
3Y return: 20.67% (upper mid).
1Y return: -4.70% (upper mid).
1M return: 2.65% (upper mid).
Alpha: -8.63 (bottom quartile).
Sharpe: -1.21 (bottom quartile).
Information ratio: 1.05 (upper mid).
Top sector: Financial Services.
Top bond sector: Corporate.
Equity-heavy allocation (~77%).
High-quality debt (AAA/AA ~100%).
Largest holding Bharti Airtel Ltd (~4.1%).

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (19 Sep 25)	₹122.648 ↑ 0.16 (0.13 %)
Net Assets (Cr)	₹804 on 31 Aug 25
Category	Hybrid - Hybrid Equity
AMC	JM Financial Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	2.3
Sharpe Ratio	-1.21
Information Ratio	1.05
Alpha Ratio	-8.63
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹14,810
31 Aug 22	₹15,114
31 Aug 23	₹18,943
31 Aug 24	₹28,366
31 Aug 25	₹25,821

JM Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 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 19 Sep 25

Duration	Returns
1 Month	2.6%
3 Month	3.1%
6 Month	9.3%
1 Year	-4.7%
3 Year	20.7%
5 Year	21.6%
10 Year
15 Year
Since launch	12.5%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	-0.2%

Fund Manager information for JM Equity Hybrid Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	0.92 Yr.
Asit Bhandarkar	31 Dec 21	3.67 Yr.
Ruchi Fozdar	4 Oct 24	0.91 Yr.
Deepak Gupta	11 Apr 25	0.39 Yr.

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

Asset Allocation

Asset Class	Value
Cash	5.64%
Equity	77.43%
Debt	16.93%

Equity Sector Allocation

Sector	Value
Financial Services	19.12%
Technology	14.68%
Industrials	13.31%
Consumer Cyclical	12.18%
Basic Materials	6.7%
Communication Services	4.1%
Health Care	3.68%
Consumer Defensive	3.66%

Debt Sector Allocation

Sector	Value
Corporate	10.67%
Government	7.97%
Cash Equivalent	3.93%

Credit Quality

Rating	Value
AA	5.15%
AAA	94.85%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	4%	₹34 Cr	180,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 21 \| LT	4%	₹32 Cr	88,520
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 24 \| HDFCBANK	4%	₹30 Cr	150,000 ↓ -10,000
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 May 25 \| MCX	3%	₹28 Cr	36,000 ↓ -3,000
Tech Mahindra Ltd (Technology) Equity, Since 31 Dec 23 \| 532755	3%	₹27 Cr	185,000
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jan 25 \| UJJIVANSFB	3%	₹26 Cr	5,950,865 ↑ 74,399
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	3%	₹26 Cr	290,040 ↓ -25,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 21 \| ICICIBANK	3%	₹25 Cr	170,114
InterGlobe Aviation Ltd (Industrials) Equity, Since 30 Jun 25 \| INDIGO	3%	₹24 Cr	40,000
Waaree Energies Ltd (Technology) Equity, Since 31 May 25 \| 544277	3%	₹23 Cr	77,000 ↓ -3,000

List of Name Change in Schemes of JM Financial Mutual Fund

After SEBI's (Securities and Exchange Board of India) circulation on re-categorisation and rationalisation of open-ended Mutual Funds, many Mutual Fund Houses are incorporating changes in their scheme names and categories. SEBI introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before investing in a scheme.

Here is a list of JM Financial schemes that got new names:

Existing Scheme Name	New Scheme Name
JM Arbitrage Advantage Fund	JM Arbitrage Fund
JM Floater Long Term Fund	JM Dynamic Debt Fund
JM Balanced Fund	JM Equity Hybrid Fund
JM Equity Fund	JM Large cap fund
JM High liquidity Fund	JM Liquid Fund
JM Multi Strategy Fund	JM Multicap Fund
JM Money Manager Fund	JM Ultra Short Duration Fund
JM Basic Fund	JM value fund

*Note-The list will be updated as and when we get an insight about the changes in the scheme names.

JM Financial SIP Mutual Fund

SIP or Systematic Investment plan is an investment mode in a mutual fund scheme where individuals deposit money in small amounts at regular intervals in the fund scheme. One of the advantages of SIP is that since individuals need to invest in small amounts, it does not pinch their pockets. JM Financial Mutual Fund offers SIP option in most of the fund schemes offered. SIP investing has a lot of benefits which include compounding, instilling a habit of disciplined savings, and much more.

JM Financial Mutual Fund Calculator

Most of the mutual fund companies have a mutual fund calculator or sip calculator that helps individuals to determine their present investment amount(the SIP amount) for accomplishing a future objective (buying a house, car, education of a child etc). The SIP calculator considers an individual’s age, income, financial commitments and other parameters to determine the present savings amount. In addition, numerous independent portals that deal in mutual fund distribution also have a mutual fund calculator to help their customers to calculate the SIP amount required to achieve a goal.

Know Your Monthly SIP Amount

Total investment required is ₹3/month for 20 Years
or ₹257 one time (Lumpsum)
to achieve ₹5,000 Invest Now

How to Invest in JM Financial Mutual Fund Online?

Open Free Investment Account for Lifetime at Fincash.com.

Complete your Registration and KYC Process

Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

Get Started

JM Financial Mutual Fund NAV

JM Financial Mutual Fund’s NAV or Net Asset Value is available on the AMFI website. In addition, one can find the latest NAV on the Asset Management Company’s or AMC’s website. You can also check for the historical NAV of the JM Financial Mutual Fund on the AMFI website.

JM Financial Mutual Fund Account Statement

Mutual fund account statement is a statement that shows the mutual fund investment transactions performed by an individual. Individuals who have invested in JM Financial Mutual Fund directly through the company can log in to the AMC’s website to view their Account Statement. Instead, individuals who have invested in mutual funds through independent portals need to login on the respective portals and check their mutual fund account statement.

Corporate Address

Office B, 8th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.

Sponsors

JM Financial Limited

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.