10 ਸਰਵੋਤਮ ਜੇਐਮ ਵਿੱਤੀ ਮਿਉਚੁਅਲ ਫੰਡ ਸਕੀਮਾਂ 2022

Updated on May 11, 2026 , 3245 views

ਜੇਐਮ ਵਿੱਤੀ ਮਿਉਚੁਅਲ ਫੰਡ ਵੱਖ-ਵੱਖ ਫੰਡਾਂ ਦੀ ਪੇਸ਼ਕਸ਼ ਕਰਦਾ ਹੈ ਜੋ ਵਿਅਕਤੀਗਤ ਅਤੇ ਇਸਦੇ ਸੰਸਥਾਗਤ ਨਿਵੇਸ਼ਕਾਂ ਦੋਵਾਂ ਦੀਆਂ ਵਿਭਿੰਨ ਲੋੜਾਂ ਨੂੰ ਪੂਰਾ ਕਰਦਾ ਹੈ। ਨਿਵੇਸ਼ਕ ਇਕੁਇਟੀ, ਕਰਜ਼ੇ, ਆਰਬਿਟਰੇਜ, ਹਾਈਬ੍ਰਿਡ ਅਤੇ ਵਰਗੇ ਵਿਕਲਪਾਂ ਵਿੱਚੋਂ ਚੋਣ ਕਰ ਸਕਦੇ ਹਨਤਰਲ ਫੰਡ.

ਨਾਲਨਿਵੇਸ਼ ਵਿੱਚਇਕੁਇਟੀ ਫੰਡ, ਨਿਵੇਸ਼ਕ ਲੰਬੇ ਸਮੇਂ ਦੀ ਦੌਲਤ ਸਿਰਜਣਾ ਦਾ ਟੀਚਾ ਰੱਖ ਸਕਦੇ ਹਨ।ਕਰਜ਼ਾ ਫੰਡ ਨਿਯਮਤ ਅਤੇ ਸਥਿਰ ਲਈ ਇੱਕ ਵਧੀਆ ਵਿਕਲਪ ਹਨਆਮਦਨ. ਅਤੇ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਕੇਹਾਈਬ੍ਰਿਡ ਫੰਡ, ਨਿਵੇਸ਼ਕ ਕਰਜ਼ੇ ਅਤੇ ਇਕੁਇਟੀ ਦੋਵਾਂ ਦੇ ਲਾਭ ਲੈ ਸਕਦੇ ਹਨ, ਕਿਉਂਕਿ ਇਹ ਫੰਡ ਦੋਵਾਂ ਸਾਧਨਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਦੇ ਹਨ। ਫੰਡ ਹਾਊਸ ਦਾ ਉਦੇਸ਼ ਜੋਖਮ ਨੂੰ ਪ੍ਰਭਾਵਸ਼ਾਲੀ ਢੰਗ ਨਾਲ ਪ੍ਰਬੰਧਨ ਕਰਨਾ ਹੈ ਤਾਂ ਜੋ ਨਿਵੇਸ਼ਕ ਆਪਣੇ ਨਿਵੇਸ਼ਾਂ ਦਾ ਵੱਧ ਤੋਂ ਵੱਧ ਲਾਭ ਲੈ ਸਕਣ। ਹੇਠਾਂ ਦਿੱਤੇ ਚੋਟੀ ਦੇ 10 ਸਭ ਤੋਂ ਵਧੀਆ ਜੇਐਮ ਵਿੱਤੀ ਹਨਮਿਉਚੁਅਲ ਫੰਡ ਸਕੀਮਾਂ ਜਿੱਥੇ ਤੁਸੀਂ ਨਿਵੇਸ਼ ਕਰ ਸਕਦੇ ਹੋ ਅਤੇ ਚੰਗਾ ਮੁਨਾਫਾ ਕਮਾ ਸਕਦੇ ਹੋ।

ਇਹਨਾਂ ਫੰਡਾਂ ਨੂੰ ਕੁਝ ਮਾਪਦੰਡ ਜਿਵੇਂ ਕਿ ਏ.ਯੂ.ਐਮ.ਨਹੀ ਹਨ, ਪਿਛਲੇ ਪ੍ਰਦਰਸ਼ਨ, ਪੀਅਰ ਔਸਤ ਰਿਟਰਨ, ਆਦਿ।

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ਜੇਐਮ ਵਿੱਤੀ ਮਿਉਚੁਅਲ ਫੰਡ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਿਉਂ ਕਰੋ?

ਇਸ ਨੂੰ CRISIL AAAmfs ਦਾ ਦਰਜਾ ਦਿੱਤਾ ਗਿਆ ਹੈ।
ਕਿਉਂਕਿ ਫੰਡ ਹਾਊਸ ਪੇਸ਼ਕਸ਼ ਕਰਦਾ ਹੈ ਏਰੇਂਜ ਮਿਉਚੁਅਲ ਫੰਡ ਸਕੀਮਾਂ ਵਿੱਚ, ਨਿਵੇਸ਼ਕ ਆਪਣੇ ਨਿਵੇਸ਼ ਟੀਚਿਆਂ ਦੀ ਯੋਜਨਾ ਬਣਾ ਸਕਦੇ ਹਨ ਅਤੇ ਇਹਨਾਂ ਫੰਡਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਕੇ ਪੂਰਾ ਕਰ ਸਕਦੇ ਹਨ।
ਵੱਖ-ਵੱਖ ਜੋਖਮਾਂ ਵਾਲੇ ਨਿਵੇਸ਼ਕ JM ਵਿੱਤੀ MF ਨਾਲ ਆਪਣੇ ਨਿਵੇਸ਼ ਦੀ ਯੋਜਨਾ ਬਣਾ ਸਕਦੇ ਹਨ।
ਨਿਵੇਸ਼ਕ ਜੋ ਟੈਕਸ ਬਚਤ ਲਈ ਨਿਵੇਸ਼ ਕਰਨਾ ਚਾਹੁੰਦੇ ਹਨ, ਜੇਐਮ ਵਿੱਤੀ ਪੇਸ਼ਕਸ਼ਾਂਟੈਕਸ ਸੇਵਿੰਗ ਸਕੀਮ ਜਿਸ ਦੁਆਰਾ ਜਾਣਿਆ ਜਾਂਦਾ ਹੈਜੇਐਮ ਟੈਕਸ ਲਾਭ ਫੰਡ. ਕੋਈ ਉਨ੍ਹਾਂ ਦੀ ਯੋਜਨਾ ਬਣਾ ਸਕਦਾ ਹੈਟੈਕਸ ਅਧੀਨਸਕਿੰਟ 80C.

ਵਧੀਆ ਜੇਐਮ ਵਿੱਤੀ ਮਿਉਚੁਅਲ ਫੰਡ ਸਕੀਮਾਂ

Fund	NAV	Net Assets (Cr)	Min Investment	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	Since launch (%)	2024 (%)
JM Liquid Fund Growth	₹74.9472 ↑ 0.01	₹2,567	5,000	500	1.5	3	6.1	6.8	6	7.4	6.4
JM Dynamic Debt Fund Growth	₹42.5104 ↓ -0.02	₹54	5,000	500	0	0.3	1.8	6	5.4	6.5	7
JM Core 11 Fund Growth	₹18.9281 ↑ 0.04	₹248	5,000	500	-4.4	-6.8	-0.3	15.1	13.9	3.6	-1.9
JM Multicap Fund Growth	₹93.0874 ↑ 0.47	₹4,504	5,000	500	-1.4	-5.2	-2.3	17.9	17	13.5	-6.8
JM Value Fund Growth	₹90.7566 ↑ 0.21	₹721	5,000	500	-2.7	-6.7	-4.2	17.1	16.2	15.7	-4.4
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 Tax Gain Fund Growth	₹47.0456 ↓ -0.07	₹196	500	500	-1.7	-7	2	16.9	15.3	8.9	2.5
JM Arbitrage Fund Growth	₹34.1484 ↓ -0.01	₹353	5,000	500	1.2	2.8	5.5	6.4	5.5	6.4	5.9
JM Large Cap Fund Growth	₹145.604 ↑ 0.12	₹390	5,000	500	-6.8	-8.1	-1.1	12.4	11.9	9	3.8
JM Equity Hybrid Fund Growth	₹114.192 ↑ 0.06	₹652	5,000	500	-3	-6.2	-1.7	16.1	13.8	12	-3.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 May 26

Research Highlights & Commentary of 10 Funds showcased

Commentary	JM Liquid Fund	JM Dynamic Debt Fund	JM Core 11 Fund	JM Multicap Fund	JM Value Fund	JM Ultra Short Duration Fund	JM Tax Gain Fund	JM Arbitrage Fund	JM Large Cap Fund	JM Equity Hybrid Fund
Point 1	Top quartile AUM (₹2,567 Cr).	Bottom quartile AUM (₹54 Cr).	Lower mid AUM (₹248 Cr).	Highest AUM (₹4,504 Cr).	Upper mid AUM (₹721 Cr).	Bottom quartile AUM (₹35 Cr).	Bottom quartile AUM (₹196 Cr).	Lower mid AUM (₹353 Cr).	Upper mid AUM (₹390 Cr).	Upper mid AUM (₹652 Cr).
Point 2	Established history (28+ yrs).	Established history (22+ yrs).	Established history (18+ yrs).	Established history (17+ yrs).	Established history (28+ yrs).	Established history (19+ yrs).	Established history (18+ yrs).	Established history (19+ 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: Moderately Low.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately Low.	Risk profile: Moderately High.	Risk profile: Moderately Low.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	1Y return: 6.08% (top quartile).	1Y return: 1.84% (upper mid).	5Y return: 13.87% (upper mid).	5Y return: 17.04% (top quartile).	5Y return: 16.25% (top quartile).	1Y return: 5.35% (upper mid).	5Y return: 15.25% (upper mid).	5Y return: 5.52% (bottom quartile).	5Y return: 11.86% (lower mid).	5Y return: 13.75% (upper mid).
Point 6	1M return: 0.42% (lower mid).	1M return: 0.11% (bottom quartile).	3Y return: 15.14% (upper mid).	3Y return: 17.94% (top quartile).	3Y return: 17.08% (top quartile).	1M return: 0.23% (bottom quartile).	3Y return: 16.87% (upper mid).	3Y return: 6.44% (bottom quartile).	3Y return: 12.42% (lower mid).	3Y return: 16.11% (upper mid).
Point 7	Sharpe: 2.05 (top quartile).	Sharpe: -0.72 (lower mid).	1Y return: -0.32% (lower mid).	1Y return: -2.31% (bottom quartile).	1Y return: -4.25% (bottom quartile).	Sharpe: 0.13 (top quartile).	1Y return: 2.04% (upper mid).	1Y return: 5.52% (top quartile).	1Y return: -1.12% (lower mid).	1Y return: -1.73% (bottom quartile).
Point 8	Information ratio: -1.47 (bottom quartile).	Information ratio: 0.00 (lower mid).	Alpha: -5.93 (bottom quartile).	Alpha: -6.15 (bottom quartile).	Alpha: -5.10 (lower mid).	Information ratio: 0.00 (lower mid).	Alpha: -2.80 (lower mid).	1M return: 0.31% (lower mid).	Alpha: -0.64 (upper mid).	1M return: 0.99% (upper mid).
Point 9	Yield to maturity (debt): 6.07% (upper mid).	Yield to maturity (debt): 6.91% (top quartile).	Sharpe: -0.86 (bottom quartile).	Sharpe: -0.93 (bottom quartile).	Sharpe: -0.79 (lower mid).	Yield to maturity (debt): 3.37% (upper mid).	Sharpe: -0.68 (upper mid).	Alpha: 0.00 (upper mid).	Sharpe: -0.59 (upper mid).	Alpha: -5.37 (bottom quartile).
Point 10	Modified duration: 0.10 yrs (lower mid).	Modified duration: 3.69 yrs (bottom quartile).	Information ratio: -0.01 (bottom quartile).	Information ratio: 0.42 (top quartile).	Information ratio: 0.16 (upper mid).	Modified duration: 0.35 yrs (bottom quartile).	Information ratio: 0.32 (upper mid).	Sharpe: 0.07 (upper mid).	Information ratio: 0.04 (upper mid).	Sharpe: -0.95 (bottom quartile).

JM Liquid Fund

Top quartile AUM (₹2,567 Cr).
Established history (28+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.08% (top quartile).
1M return: 0.42% (lower mid).
Sharpe: 2.05 (top quartile).
Information ratio: -1.47 (bottom quartile).
Yield to maturity (debt): 6.07% (upper mid).
Modified duration: 0.10 yrs (lower mid).

JM Dynamic Debt Fund

Bottom quartile AUM (₹54 Cr).
Established history (22+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 1.84% (upper mid).
1M return: 0.11% (bottom quartile).
Sharpe: -0.72 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.91% (top quartile).
Modified duration: 3.69 yrs (bottom quartile).

JM Core 11 Fund

Lower mid AUM (₹248 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 13.87% (upper mid).
3Y return: 15.14% (upper mid).
1Y return: -0.32% (lower mid).
Alpha: -5.93 (bottom quartile).
Sharpe: -0.86 (bottom quartile).
Information ratio: -0.01 (bottom quartile).

JM Multicap Fund

Highest AUM (₹4,504 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 17.04% (top quartile).
3Y return: 17.94% (top quartile).
1Y return: -2.31% (bottom quartile).
Alpha: -6.15 (bottom quartile).
Sharpe: -0.93 (bottom quartile).
Information ratio: 0.42 (top quartile).

JM Value Fund

Upper mid AUM (₹721 Cr).
Established history (28+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 16.25% (top quartile).
3Y return: 17.08% (top quartile).
1Y return: -4.25% (bottom quartile).
Alpha: -5.10 (lower mid).
Sharpe: -0.79 (lower mid).
Information ratio: 0.16 (upper mid).

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 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 3.37% (upper mid).
Modified duration: 0.35 yrs (bottom quartile).

JM Tax Gain Fund

Bottom quartile AUM (₹196 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.25% (upper mid).
3Y return: 16.87% (upper mid).
1Y return: 2.04% (upper mid).
Alpha: -2.80 (lower mid).
Sharpe: -0.68 (upper mid).
Information ratio: 0.32 (upper mid).

JM Arbitrage Fund

Lower mid AUM (₹353 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 5.52% (bottom quartile).
3Y return: 6.44% (bottom quartile).
1Y return: 5.52% (top quartile).
1M return: 0.31% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.07 (upper mid).

JM Large Cap Fund

Upper mid AUM (₹390 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 11.86% (lower mid).
3Y return: 12.42% (lower mid).
1Y return: -1.12% (lower mid).
Alpha: -0.64 (upper mid).
Sharpe: -0.59 (upper mid).
Information ratio: 0.04 (upper mid).

JM Equity Hybrid Fund

Upper mid AUM (₹652 Cr).
Established history (31+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.75% (upper mid).
3Y return: 16.11% (upper mid).
1Y return: -1.73% (bottom quartile).
1M return: 0.99% (upper mid).
Alpha: -5.37 (bottom quartile).
Sharpe: -0.95 (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 (₹2,567 Cr).
Established history (28+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.08% (top quartile).
1M return: 0.42% (lower mid).
Sharpe: 2.05 (top quartile).
Information ratio: -1.47 (bottom quartile).
Yield to maturity (debt): 6.07% (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 Small Industries Development Bank Of India (~4.9%).

Below is the key information for JM Liquid Fund

JM Liquid Fund Growth
Launch Date	31 Dec 97
NAV (13 May 26)	₹74.9472 ↑ 0.01 (0.01 %)
Net Assets (Cr)	₹2,567 on 31 Mar 26
Category	Debt - Liquid Fund
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.22
Sharpe Ratio	2.05
Information Ratio	-1.47
Alpha Ratio	-0.11
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.07%
Effective Maturity	1 Month 8 Days
Modified Duration	1 Month 5 Days
Sub Cat.	Liquid Fund

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,344
30 Apr 23	₹10,953
30 Apr 24	₹11,741
30 Apr 25	₹12,584
30 Apr 26	₹13,351

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 13 May 26

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3%
1 Year	6.1%
3 Year	6.8%
5 Year	6%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.4%
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%

Fund Manager information for JM Liquid Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	1.48 Yr.
Ruchi Fozdar	3 Apr 24	2.08 Yr.
Jayant Dhoot	1 Aug 25	0.75 Yr.

Data below for JM Liquid Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	99.73%
Other	0.27%

Debt Sector Allocation

Sector	Value
Cash Equivalent	67.04%
Corporate	27.78%
Government	4.9%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Small Industries Development Bank Of India Certificate of Deposit \| -	5%	₹150 Cr	15,000,000 ↑ 15,000,000
Sikka Ports & Terminals Limited Debentures \| -	4%	₹125 Cr	12,500,000
National Bank for Agriculture and Rural Development Commercial Paper \| -	4%	₹124 Cr	12,500,000
HDFC Bank Limited Certificate of Deposit \| -	4%	₹124 Cr	12,500,000 ↑ 5,000,000
Net Receivable/Payable Net Current Assets \| -	4%	₹112 Cr
Axis Bank Ltd. Certificate of Deposit \| -	3%	₹100 Cr	10,000,000
Tbill Sovereign Bonds \| -	3%	₹100 Cr	10,000,000
Bank of India Ltd. Debentures \| -	3%	₹99 Cr	10,000,000 ↑ 10,000,000
Export Import Bank Of India Commercial Paper \| -	3%	₹99 Cr	10,000,000
Bank Of Baroda Certificate of Deposit \| -	3%	₹99 Cr	10,000,000

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.

Research Highlights for JM Dynamic Debt Fund

Bottom quartile AUM (₹54 Cr).
Established history (22+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 1.84% (upper mid).
1M return: 0.11% (bottom quartile).
Sharpe: -0.72 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.91% (top quartile).
Modified duration: 3.69 yrs (bottom quartile).
Average maturity: 4.89 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~66%).
High-quality debt (AAA/AA ~100%).
Largest holding Rec Limited (~8.4%).

Below is the key information for JM Dynamic Debt Fund

JM Dynamic Debt Fund Growth
Launch Date	25 Jun 03
NAV (13 May 26)	₹42.5104 ↓ -0.02 (-0.04 %)
Net Assets (Cr)	₹54 on 31 Mar 26
Category	Debt - Dynamic Bond
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.92
Sharpe Ratio	-0.72
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.91%
Effective Maturity	4 Years 10 Months 20 Days
Modified Duration	3 Years 8 Months 8 Days
Sub Cat.	Dynamic Bond

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,301
30 Apr 23	₹10,889
30 Apr 24	₹11,499
30 Apr 25	₹12,803
30 Apr 26	₹13,043

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 13 May 26

Duration	Returns
1 Month	0.1%
3 Month	0%
6 Month	0.3%
1 Year	1.8%
3 Year	6%
5 Year	5.4%
10 Year
15 Year
Since launch	6.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7%
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%

Fund Manager information for JM Dynamic Debt Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	1.48 Yr.
Ruchi Fozdar	3 Apr 24	2.08 Yr.
Jayant Dhoot	1 Aug 25	0.75 Yr.

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

Asset Allocation

Asset Class	Value
Cash	33.19%
Debt	66.48%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	50.14%
Government	30.39%
Cash Equivalent	19.14%

Credit Quality

Rating	Value
AA	7.76%
AAA	92.24%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Rec Limited Debentures \| -	8%	₹5 Cr	450,000
National Bank For Agriculture And Rural Development Debentures \| -	7%	₹4 Cr	400,000
6.36% Govt Stock 2031 Sovereign Bonds \| -	7%	₹4 Cr	400,000
6.01% Govt Stock 2030 Sovereign Bonds \| -	7%	₹4 Cr	400,000
6.48% Govt Stock 2035 Sovereign Bonds \| -	7%	₹4 Cr	400,000 ↓ -500,000
Bajaj Finance Limited Debentures \| -	6%	₹3 Cr	300,000
Bajaj Housing Finance Limited Debentures \| -	5%	₹3 Cr	300,000
Ntpc Limited Debentures \| -	5%	₹3 Cr	300,000
Muthoot Finance Limited Debentures \| -	5%	₹3 Cr	250,000 ↑ 250,000
LIC Housing Finance Ltd Debentures \| -	5%	₹2 Cr	250,000 ↓ -250,000

3. 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 (₹248 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 13.87% (upper mid).
3Y return: 15.14% (upper mid).
1Y return: -0.32% (lower mid).
Alpha: -5.93 (bottom quartile).
Sharpe: -0.86 (bottom quartile).
Information ratio: -0.01 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Ujjivan Small Finance Bank Ltd Ordinary Shares (~5.7%).

Below is the key information for JM Core 11 Fund

JM Core 11 Fund Growth
Launch Date	5 Mar 08
NAV (13 May 26)	₹18.9281 ↑ 0.04 (0.19 %)
Net Assets (Cr)	₹248 on 31 Mar 26
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.38
Sharpe Ratio	-0.86
Information Ratio	-0.01
Alpha Ratio	-5.93
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
30 Apr 21	₹10,000
30 Apr 22	₹11,366
30 Apr 23	₹12,272
30 Apr 24	₹19,061
30 Apr 25	₹18,731
30 Apr 26	₹19,191

JM Core 11 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 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 13 May 26

Duration	Returns
1 Month	1.9%
3 Month	-4.4%
6 Month	-6.8%
1 Year	-0.3%
3 Year	15.1%
5 Year	13.9%
10 Year
15 Year
Since launch	3.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-1.9%
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%

Fund Manager information for JM Core 11 Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.58 Yr.
Asit Bhandarkar	25 Feb 09	17.19 Yr.
Ruchi Fozdar	4 Oct 24	1.57 Yr.
Deepak Gupta	11 Apr 25	1.05 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	23.55%
Consumer Cyclical	21.83%
Industrials	14.47%
Technology	12.06%
Health Care	7.35%
Basic Materials	6.29%
Consumer Defensive	4.88%
Communication Services	3.96%
Utility	2.99%

Asset Allocation

Asset Class	Value
Cash	2.6%
Equity	97.4%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 May 25 \| UJJIVANSFB	6%	₹14 Cr	2,801,722
Titan Co Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| TITAN	5%	₹13 Cr	32,560
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Oct 11 \| LT	5%	₹13 Cr	36,507 ↓ -2,000
ITC Ltd (Consumer Defensive) Equity, Since 28 Feb 26 \| ITC	5%	₹12 Cr	420,000
Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 31 Mar 23 \| AMBER	5%	₹12 Cr	18,050
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 24 \| HDFCBANK	5%	₹11 Cr	154,000
IDFC First Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| IDFCFIRSTB	4%	₹11 Cr	1,800,000
Eternal Ltd (Consumer Cyclical) Equity, Since 30 Nov 23 \| 543320	4%	₹11 Cr	460,000 ↓ -25,000
Eicher Motors Ltd (Consumer Cyclical) Equity, Since 28 Feb 25 \| EICHERMOT	4%	₹10 Cr	15,497
One97 Communications Ltd (Technology) Equity, Since 31 May 25 \| 543396	4%	₹10 Cr	105,000

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 (₹4,504 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 17.04% (top quartile).
3Y return: 17.94% (top quartile).
1Y return: -2.31% (bottom quartile).
Alpha: -6.15 (bottom quartile).
Sharpe: -0.93 (bottom quartile).
Information ratio: 0.42 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~3.8%).

Below is the key information for JM Multicap Fund

JM Multicap Fund Growth
Launch Date	23 Sep 08
NAV (13 May 26)	₹93.0874 ↑ 0.47 (0.50 %)
Net Assets (Cr)	₹4,504 on 31 Mar 26
Category	Equity - Multi Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.84
Sharpe Ratio	-0.93
Information Ratio	0.42
Alpha Ratio	-6.15
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
30 Apr 21	₹10,000
30 Apr 22	₹11,944
30 Apr 23	₹13,367
30 Apr 24	₹22,068
30 Apr 25	₹22,483
30 Apr 26	₹22,247

JM Multicap 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 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 13 May 26

Duration	Returns
1 Month	3.7%
3 Month	-1.4%
6 Month	-5.2%
1 Year	-2.3%
3 Year	17.9%
5 Year	17%
10 Year
15 Year
Since launch	13.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-6.8%
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%

Fund Manager information for JM Multicap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	4.7 Yr.
Asit Bhandarkar	1 Oct 24	1.58 Yr.
Ruchi Fozdar	4 Oct 24	1.57 Yr.
Deepak Gupta	11 Apr 25	1.05 Yr.

Data below for JM Multicap Fund as on 31 Mar 26

Equity Sector Allocation

Sector	Value
Financial Services	27.77%
Consumer Cyclical	16.82%
Technology	9.78%
Industrials	8.56%
Health Care	8.44%
Basic Materials	8.17%
Energy	7.41%
Consumer Defensive	4.66%
Utility	3.67%
Communication Services	2.74%

Asset Allocation

Asset Class	Value
Cash	1.97%
Equity	98.01%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| HDFCBANK	4%	₹171 Cr	2,332,760 ↑ 225,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 21 \| ICICIBANK	4%	₹171 Cr	1,415,062
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 25 \| RELIANCE	4%	₹161 Cr	1,200,000 ↑ 200,000
Dr Reddy's Laboratories Ltd (Healthcare) Equity, Since 31 Oct 25 \| DRREDDY	3%	₹150 Cr	1,196,532
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 28 Feb 25 \| GODFRYPHLP	3%	₹129 Cr	690,000 ↓ -10,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹123 Cr	692,200
State Bank of India (Financial Services) Equity, Since 30 Nov 20 \| SBIN	3%	₹118 Cr	1,202,196 ↓ -300,000
NTPC Ltd (Utilities) Equity, Since 31 Jan 26 \| 532555	3%	₹113 Cr	3,054,299 ↑ 854,299
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	2%	₹109 Cr	310,668 ↓ -50,000
Apollo Hospitals Enterprise Ltd (Healthcare) Equity, Since 28 Feb 25 \| APOLLOHOSP	2%	₹105 Cr	141,828

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 (₹721 Cr).
Established history (28+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 16.25% (top quartile).
3Y return: 17.08% (top quartile).
1Y return: -4.25% (bottom quartile).
Alpha: -5.10 (lower mid).
Sharpe: -0.79 (lower mid).
Information ratio: 0.16 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding Godfrey Phillips India Ltd (~4.0%).

Below is the key information for JM Value Fund

JM Value Fund Growth
Launch Date	2 Jun 97
NAV (13 May 26)	₹90.7566 ↑ 0.21 (0.24 %)
Net Assets (Cr)	₹721 on 31 Mar 26
Category	Equity - Value
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.23
Sharpe Ratio	-0.79
Information Ratio	0.16
Alpha Ratio	-5.1
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
30 Apr 21	₹10,000
30 Apr 22	₹11,782
30 Apr 23	₹13,321
30 Apr 24	₹22,186
30 Apr 25	₹22,008
30 Apr 26	₹21,983

JM Value Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 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 13 May 26

Duration	Returns
1 Month	3.2%
3 Month	-2.7%
6 Month	-6.7%
1 Year	-4.2%
3 Year	17.1%
5 Year	16.2%
10 Year
15 Year
Since launch	15.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-4.4%
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%

Fund Manager information for JM Value Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	4.7 Yr.
Asit Bhandarkar	11 Dec 06	19.4 Yr.
Ruchi Fozdar	4 Oct 24	1.57 Yr.
Deepak Gupta	11 Apr 25	1.05 Yr.

Data below for JM Value Fund as on 31 Mar 26

Equity Sector Allocation

Sector	Value
Financial Services	28.23%
Consumer Cyclical	23.69%
Industrials	11.99%
Basic Materials	8.91%
Technology	8.04%
Health Care	5.72%
Communication Services	4.24%
Consumer Defensive	4.02%
Utility	3.88%
Energy	0.5%

Asset Allocation

Asset Class	Value
Cash	0.77%
Equity	99.23%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 31 Aug 24 \| GODFRYPHLP	4%	₹29 Cr	154,823 ↓ -4,544
Dr Reddy's Laboratories Ltd (Healthcare) Equity, Since 31 Jul 25 \| DRREDDY	4%	₹28 Cr	223,959 ↑ 20,000
Shriram Finance Ltd (Financial Services) Equity, Since 31 Aug 25 \| SHRIRAMFIN	4%	₹28 Cr	317,891 ↓ -25,000
Vedanta Ltd (Basic Materials) Equity, Since 31 Mar 25 \| 500295	4%	₹27 Cr	410,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Apr 09 \| LT	4%	₹26 Cr	75,613 ↓ -10,000
Canara Bank (Financial Services) Equity, Since 30 Sep 25 \| 532483	3%	₹25 Cr	2,000,000 ↓ -550,000
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	3%	₹24 Cr	195,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 12 \| HDFCBANK	3%	₹24 Cr	330,000
Hero MotoCorp Ltd (Consumer Cyclical) Equity, Since 30 Sep 25 \| HEROMOTOCO	3%	₹24 Cr	46,500
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 24 \| BHARTIARTL	3%	₹24 Cr	132,000 ↓ -38,000

6. 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 (top quartile).
Information ratio: 0.00 (lower mid).
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 13 May 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
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

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

7. 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 (₹196 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.25% (upper mid).
3Y return: 16.87% (upper mid).
1Y return: 2.04% (upper mid).
Alpha: -2.80 (lower mid).
Sharpe: -0.68 (upper mid).
Information ratio: 0.32 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
Largest holding HDFC Bank Ltd (~3.7%).

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund Growth
Launch Date	31 Mar 08
NAV (13 May 26)	₹47.0456 ↓ -0.07 (-0.14 %)
Net Assets (Cr)	₹196 on 31 Mar 26
Category	Equity - ELSS
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.37
Sharpe Ratio	-0.68
Information Ratio	0.32
Alpha Ratio	-2.8
Min Investment	500
Min SIP Investment	500
Exit Load	NIL
Sub Cat.	ELSS

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹11,727
30 Apr 23	₹12,473
30 Apr 24	₹18,958
30 Apr 25	₹19,566
30 Apr 26	₹20,443

JM Tax Gain Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 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 13 May 26

Duration	Returns
1 Month	3.3%
3 Month	-1.7%
6 Month	-7%
1 Year	2%
3 Year	16.9%
5 Year	15.3%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	2.5%
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%

Fund Manager information for JM Tax Gain Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.58 Yr.
Asit Bhandarkar	31 Dec 21	4.33 Yr.
Ruchi Fozdar	4 Oct 24	1.57 Yr.
Deepak Gupta	11 Apr 25	1.05 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	27.31%
Consumer Cyclical	16.83%
Technology	10.39%
Industrials	9.65%
Basic Materials	8.99%
Health Care	8.6%
Consumer Defensive	3.73%
Energy	3.67%
Real Estate	3.12%
Communication Services	3%
Utility	1.04%

Asset Allocation

Asset Class	Value
Cash	3.67%
Equity	96.33%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 11 \| HDFCBANK	4%	₹7 Cr	98,262
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 25 \| RELIANCE	4%	₹7 Cr	53,400
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	3%	₹6 Cr	18,447
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹6 Cr	32,950
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| ICICIBANK	3%	₹6 Cr	48,500
Lupin Ltd (Healthcare) Equity, Since 31 May 25 \| 500257	3%	₹6 Cr	25,000
Karur Vysya Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| 590003	3%	₹6 Cr	199,000
Travel Food Services Ltd (Consumer Cyclical) Equity, Since 31 Jul 25 \| TRAVELFOOD	3%	₹5 Cr	41,598 ↓ -4,000
Vedanta Ltd (Basic Materials) Equity, Since 31 Oct 25 \| 500295	3%	₹5 Cr	75,500
Jindal Steel Ltd (Basic Materials) Equity, Since 30 Apr 25 \| 532286	2%	₹5 Cr	41,300

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 (₹353 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 5.52% (bottom quartile).
3Y return: 6.44% (bottom quartile).
1Y return: 5.52% (top quartile).
1M return: 0.31% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.07 (upper mid).
Information ratio: 0.00 (bottom quartile).
Top sector: Financial Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~93%).
High-quality debt (AAA/AA ~100%).
Largest holding Future on HDFC Bank Ltd (~5.0%).

Below is the key information for JM Arbitrage Fund

JM Arbitrage Fund Growth
Launch Date	18 Jul 06
NAV (13 May 26)	₹34.1484 ↓ -0.01 (-0.03 %)
Net Assets (Cr)	₹353 on 31 Mar 26
Category	Hybrid - Arbitrage
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.04
Sharpe Ratio	0.07
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
30 Apr 21	₹10,000
30 Apr 22	₹10,324
30 Apr 23	₹10,839
30 Apr 24	₹11,612
30 Apr 25	₹12,402
30 Apr 26	₹13,073

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 13 May 26

Duration	Returns
1 Month	0.3%
3 Month	1.2%
6 Month	2.8%
1 Year	5.5%
3 Year	6.4%
5 Year	5.5%
10 Year
15 Year
Since launch	6.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	5.9%
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%

Fund Manager information for JM Arbitrage Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.58 Yr.
Asit Bhandarkar	18 Jul 14	11.79 Yr.
Ruchi Fozdar	4 Oct 24	1.57 Yr.
Deepak Gupta	11 Apr 25	1.05 Yr.

Data below for JM Arbitrage Fund as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	92.71%
Debt	7.53%
Other	0.01%

Equity Sector Allocation

Sector	Value
Financial Services	30.01%
Basic Materials	7.69%
Consumer Cyclical	7.1%
Communication Services	5.86%
Industrials	4.76%
Health Care	3.25%
Consumer Defensive	2.62%
Real Estate	2.26%
Utility	1.94%
Energy	1.76%
Technology	0.69%

Debt Sector Allocation

Sector	Value
Cash Equivalent	91.56%
Government	6.26%
Corporate	2.42%

Credit Quality

Rating	Value
AA	13.11%
AAA	86.89%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Future on HDFC Bank Ltd Derivatives \| -	5%	-₹18 Cr	238,150 ↑ 238,150
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 25 \| HDFCBANK	5%	₹17 Cr	238,150 ↑ 18,700
Future on ICICI Bank Ltd Derivatives \| -	4%	-₹15 Cr	121,100 ↑ 121,100
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 25 \| ICICIBANK	4%	₹15 Cr	121,100
JM Liquid Dir Gr Investment Fund \| -	4%	₹14 Cr	1,914,370
Future on Multi Commodity Exchange of India Ltd Derivatives \| -	4%	-₹13 Cr	55,625 ↑ 55,625
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 Dec 24 \| MCX	4%	₹13 Cr	55,625 ↑ 1,875
Future on Bharti Airtel Ltd Derivatives \| -	3%	-₹12 Cr	66,500 ↑ 66,500
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 24 \| BHARTIARTL	3%	₹12 Cr	66,500 ↑ 20,425
Future on Tata Steel Ltd Derivatives \| -	3%	-₹11 Cr	561,000 ↑ 561,000

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 (₹390 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 11.86% (lower mid).
3Y return: 12.42% (lower mid).
1Y return: -1.12% (lower mid).
Alpha: -0.64 (upper mid).
Sharpe: -0.59 (upper mid).
Information ratio: 0.04 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~6.6%).

Below is the key information for JM Large Cap Fund

JM Large Cap Fund Growth
Launch Date	1 Apr 95
NAV (13 May 26)	₹145.604 ↑ 0.12 (0.08 %)
Net Assets (Cr)	₹390 on 31 Mar 26
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.36
Sharpe Ratio	-0.59
Information Ratio	0.04
Alpha Ratio	-0.64
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
30 Apr 21	₹10,000
30 Apr 22	₹11,534
30 Apr 23	₹12,306
30 Apr 24	₹17,980
30 Apr 25	₹17,607
30 Apr 26	₹17,911

JM Large Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 13 May 26

Duration	Returns
1 Month	-0.8%
3 Month	-6.8%
6 Month	-8.1%
1 Year	-1.1%
3 Year	12.4%
5 Year	11.9%
10 Year
15 Year
Since launch	9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	3.8%
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%

Fund Manager information for JM Large Cap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	4.7 Yr.
Asit Bhandarkar	5 Oct 17	8.58 Yr.
Ruchi Fozdar	4 Oct 24	1.57 Yr.
Deepak Gupta	27 Jan 25	1.26 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	30%
Consumer Cyclical	12.3%
Industrials	12.24%
Health Care	9.06%
Technology	7.26%
Basic Materials	6.26%
Energy	6.23%
Consumer Defensive	4.53%
Communication Services	4.3%
Utility	3.31%
Real Estate	1.11%

Asset Allocation

Asset Class	Value
Cash	5.11%
Equity	94.86%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 12 \| HDFCBANK	7%	₹26 Cr	353,694 ↓ -8,000
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 25 \| RELIANCE	6%	₹24 Cr	180,700 ↓ -4,250
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	4%	₹17 Cr	93,950 ↓ -3,400
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 11 \| ICICIBANK	4%	₹17 Cr	137,787 ↓ -4,800
State Bank of India (Financial Services) Equity, Since 31 Oct 11 \| SBIN	4%	₹17 Cr	169,097 ↓ -5,800
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 25 \| LT	4%	₹15 Cr	42,100 ↓ -1,750
Infosys Ltd (Technology) Equity, Since 30 Apr 15 \| INFY	3%	₹11 Cr	87,635 ↓ -4,700
Torrent Pharmaceuticals Ltd (Healthcare) Equity, Since 28 Feb 25 \| TORNTPHARM	3%	₹11 Cr	25,300 ↓ -1,400
Shriram Finance Ltd (Financial Services) Equity, Since 30 Apr 25 \| SHRIRAMFIN	3%	₹10 Cr	119,500 ↓ -7,000
Apollo Hospitals Enterprise Ltd (Healthcare) Equity, Since 28 Feb 25 \| APOLLOHOSP	3%	₹10 Cr	14,029 ↓ -825

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 (₹652 Cr).
Established history (31+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.75% (upper mid).
3Y return: 16.11% (upper mid).
1Y return: -1.73% (bottom quartile).
1M return: 0.99% (upper mid).
Alpha: -5.37 (bottom quartile).
Sharpe: -0.95 (bottom quartile).
Information ratio: 0.45 (top quartile).
Top sector: Financial Services.
Higher exposure to Corporate (bond sector) vs peer median.
Equity-heavy allocation (~74%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~3.9%).

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (13 May 26)	₹114.192 ↑ 0.06 (0.05 %)
Net Assets (Cr)	₹652 on 31 Mar 26
Category	Hybrid - Hybrid Equity
AMC	JM Financial Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	2.3
Sharpe Ratio	-0.95
Information Ratio	0.45
Alpha Ratio	-5.37
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
30 Apr 21	₹10,000
30 Apr 22	₹11,150
30 Apr 23	₹12,270
30 Apr 24	₹19,179
30 Apr 25	₹19,495
30 Apr 26	₹19,313

JM Equity Hybrid 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 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 13 May 26

Duration	Returns
1 Month	1%
3 Month	-3%
6 Month	-6.2%
1 Year	-1.7%
3 Year	16.1%
5 Year	13.8%
10 Year
15 Year
Since launch	12%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-3.1%
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%

Fund Manager information for JM Equity Hybrid Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.58 Yr.
Asit Bhandarkar	31 Dec 21	4.33 Yr.
Ruchi Fozdar	4 Oct 24	1.57 Yr.
Deepak Gupta	11 Apr 25	1.05 Yr.

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

Asset Allocation

Asset Class	Value
Cash	7.36%
Equity	73.52%
Debt	19.12%

Equity Sector Allocation

Sector	Value
Financial Services	21.94%
Technology	11.72%
Consumer Cyclical	11.47%
Industrials	8.4%
Health Care	4.4%
Basic Materials	4.24%
Communication Services	3.75%
Utility	2.56%
Consumer Defensive	2.5%
Energy	2.49%
Real Estate	0.04%

Debt Sector Allocation

Sector	Value
Corporate	13.28%
Government	10.49%
Cash Equivalent	2.71%

Credit Quality

Rating	Value
AA	13.24%
AAA	86.76%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 24 \| HDFCBANK	4%	₹26 Cr	350,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	4%	₹24 Cr	137,246 ↓ -8,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 21 \| LT	3%	₹22 Cr	64,000
6.48% Govt Stock 2035 Sovereign Bonds \| -	3%	₹21 Cr	2,175,000
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 May 25 \| MCX	3%	₹20 Cr	81,671 ↓ -13,709
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	3%	₹19 Cr	235,040 ↓ -35,000
Vedanta Ltd (Basic Materials) Equity, Since 31 Mar 25 \| 500295	3%	₹18 Cr	280,000
NTPC Ltd (Utilities) Equity, Since 28 Feb 26 \| 532555	3%	₹17 Cr	450,000 ↑ 280,000
Reliance Industries Ltd (Energy) Equity, Since 28 Feb 26 \| RELIANCE	2%	₹16 Cr	121,000 ↑ 21,000
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jan 25 \| UJJIVANSFB	2%	₹16 Cr	3,168,585 ↓ -800,000

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