10 சிறந்த ஜேஎம் நிதி மியூச்சுவல் ஃபண்ட் திட்டங்கள் 2022

Updated on August 8, 2025 , 2816 views

ஜேஎம் நிதி மியூச்சுவல் ஃபண்ட் தனிநபர் மற்றும் அதன் நிறுவன முதலீட்டாளர்களின் பல்வேறு தேவைகளை பூர்த்தி செய்யும் பல்வேறு நிதிகளை வழங்குகிறது. முதலீட்டாளர்கள் பங்கு, கடன், நடுவர், கலப்பு மற்றும் போன்ற விருப்பங்களிலிருந்து தேர்வு செய்யலாம்திரவ நிதிகள்.

மூலம்முதலீடு உள்ளேஈக்விட்டி நிதிகள், முதலீட்டாளர்கள் நீண்ட கால செல்வத்தை உருவாக்குவதை நோக்கமாகக் கொள்ளலாம்.கடன் நிதி வழக்கமான மற்றும் நிலையான ஒரு நல்ல வழிவருமானம். மற்றும் முதலீடு செய்வதன் மூலம்கலப்பின நிதி, இந்த நிதிகள் இரண்டு கருவிகளிலும் முதலீடு செய்வதால், முதலீட்டாளர்கள் கடன் மற்றும் ஈக்விட்டி இரண்டின் பலன்களைப் பெறலாம். ஃபண்ட் ஹவுஸ் ஆபத்தை திறம்பட நிர்வகிப்பதை நோக்கமாகக் கொண்டுள்ளது, இதன் மூலம் முதலீட்டாளர்கள் தங்கள் முதலீடுகளிலிருந்து அதிகமானவற்றைப் பெறுகிறார்கள். முதல் 10 சிறந்த ஜேஎம் நிதியியல் பின்வருமாறுபரஸ்பர நிதி நீங்கள் முதலீடு செய்து நல்ல லாபம் ஈட்டக்கூடிய திட்டங்கள்.

AUM போன்ற சில அளவுருக்களை மேற்கொள்வதன் மூலம் இந்த நிதிகள் பட்டியலிடப்பட்டுள்ளன,இல்லை, கடந்தகால நிகழ்ச்சிகள், சக சராசரி வருமானம் போன்றவை.

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ஜேஎம் நிதி மியூச்சுவல் ஃபண்டில் ஏன் முதலீடு செய்ய வேண்டும்?

இது CRISIL AAAmfs என மதிப்பிடப்பட்டுள்ளது.
ஃபண்ட் ஹவுஸ் வழங்குவதால் ஏசரகம் பரஸ்பர நிதி திட்டங்களில், முதலீட்டாளர்கள் தங்கள் முதலீட்டு இலக்குகளை திட்டமிடலாம் மற்றும் இந்த நிதிகளில் முதலீடு செய்வதன் மூலம் நிறைவேற்றலாம்.
வெவ்வேறு இடர் விருப்பங்களைக் கொண்ட முதலீட்டாளர்கள் தங்கள் முதலீடுகளை JM Financial MF உடன் திட்டமிடலாம்.
வரி சேமிப்புக்காக முதலீடு செய்ய விரும்பும் முதலீட்டாளர்கள், ஜேஎம் பைனான்சியல் சலுகைகள்வரி சேமிப்பு திட்டம் மூலம் அறியப்படுகிறதுஜேஎம் வரி ஆதாய நிதி. ஒன்றைத் திட்டமிடலாம்வரிகள் கீழ்பிரிவு 80C.

சிறந்த ஜேஎம் நிதி மியூச்சுவல் ஃபண்ட் திட்டங்கள்

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	₹71.6944 ↑ 0.01	₹1,909	5,000	500	1.6	3.3	6.9	6.9	5.5	7.4	7.2
JM Dynamic Debt Fund Growth	₹41.8767 ↓ -0.01	₹61	5,000	500	0.8	4.7	8.4	7.4	5.8	6.7	8
JM Core 11 Fund Growth	₹19.0432 ↓ -0.25	₹290	5,000	500	2.9	-0.3	-6.3	18	19.1	3.8	24.3
JM Multicap Fund Growth	₹94.6006 ↓ -1.12	₹6,144	5,000	500	2.1	-3.1	-8.8	21.8	24.8	14.2	33.3
JM Value Fund Growth	₹94.3718 ↓ -1.11	₹1,110	5,000	500	3.5	0.1	-9.8	23.9	25.6	16.3	25.1
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	₹46.8444 ↓ -0.39	₹209	500	500	5	0.7	-4.5	19	22.8	9.3	29
JM Arbitrage Fund Growth	₹32.7842 ↑ 0.03	₹196	5,000	500	1.2	2.9	6.1	6.5	5	6.4	7.2
JM Large Cap Fund Growth	₹147.847 ↓ -1.74	₹540	5,000	500	2.8	0.7	-8	14.9	16.3	9.3	15.1
JM Equity Hybrid Fund Growth	₹117.264 ↓ -1.68	₹862	5,000	500	3	0.1	-5.7	20.1	21	12.4	27
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Aug 25

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 (₹1,909 Cr).	Bottom quartile AUM (₹61 Cr).	Lower mid AUM (₹290 Cr).	Highest AUM (₹6,144 Cr).	Upper mid AUM (₹1,110 Cr).	Bottom quartile AUM (₹35 Cr).	Lower mid AUM (₹209 Cr).	Bottom quartile AUM (₹196 Cr).	Upper mid AUM (₹540 Cr).	Upper mid AUM (₹862 Cr).
Point 2	Established history (27+ yrs).	Established history (22+ yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Established history (28+ yrs).	Established history (18+ yrs).	Established history (17+ yrs).	Established history (19+ yrs).	Oldest track record among peers (30 yrs).	Established history (30+ 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: 6.91% (top quartile).	1Y return: 8.40% (top quartile).	5Y return: 19.07% (upper mid).	5Y return: 24.77% (top quartile).	5Y return: 25.61% (top quartile).	1Y return: 5.35% (upper mid).	5Y return: 22.79% (upper mid).	5Y return: 5.03% (bottom quartile).	5Y return: 16.27% (lower mid).	5Y return: 20.96% (upper mid).
Point 6	1M return: 0.45% (top quartile).	1M return: 0.02% (upper mid).	3Y return: 18.03% (upper mid).	3Y return: 21.79% (top quartile).	3Y return: 23.87% (top quartile).	1M return: 0.23% (upper mid).	3Y return: 18.99% (upper mid).	3Y return: 6.55% (bottom quartile).	3Y return: 14.94% (lower mid).	3Y return: 20.07% (upper mid).
Point 7	Sharpe: 3.11 (top quartile).	Sharpe: 1.02 (top quartile).	1Y return: -6.28% (lower mid).	1Y return: -8.84% (bottom quartile).	1Y return: -9.79% (bottom quartile).	Sharpe: 0.13 (upper mid).	1Y return: -4.50% (upper mid).	1Y return: 6.14% (upper mid).	1Y return: -8.03% (bottom quartile).	1Y return: -5.69% (lower mid).
Point 8	Information ratio: -2.34 (bottom quartile).	Information ratio: 0.00 (lower mid).	Alpha: -4.38 (lower mid).	Alpha: -8.04 (bottom quartile).	Alpha: -6.74 (bottom quartile).	Information ratio: 0.00 (bottom quartile).	Alpha: -3.63 (upper mid).	1M return: 0.48% (top quartile).	Alpha: -8.60 (bottom quartile).	1M return: -4.34% (bottom quartile).
Point 9	Yield to maturity (debt): 5.87% (upper mid).	Yield to maturity (debt): 6.39% (upper mid).	Sharpe: -0.28 (upper mid).	Sharpe: -0.50 (bottom quartile).	Sharpe: -0.38 (lower mid).	Yield to maturity (debt): 3.37% (upper mid).	Sharpe: -0.24 (upper mid).	Alpha: 0.00 (upper mid).	Sharpe: -0.49 (bottom quartile).	Alpha: -6.24 (lower mid).
Point 10	Modified duration: 0.13 yrs (lower mid).	Modified duration: 5.37 yrs (bottom quartile).	Information ratio: 0.41 (upper mid).	Information ratio: 1.02 (upper mid).	Information ratio: 1.08 (top quartile).	Modified duration: 0.35 yrs (bottom quartile).	Information ratio: 0.65 (upper mid).	Sharpe: -0.89 (bottom quartile).	Information ratio: 0.10 (lower mid).	Sharpe: -0.41 (lower mid).

JM Liquid Fund

Top quartile AUM (₹1,909 Cr).
Established history (27+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.91% (top quartile).
1M return: 0.45% (top quartile).
Sharpe: 3.11 (top quartile).
Information ratio: -2.34 (bottom quartile).
Yield to maturity (debt): 5.87% (upper mid).
Modified duration: 0.13 yrs (lower mid).

JM Dynamic Debt Fund

Bottom quartile AUM (₹61 Cr).
Established history (22+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 8.40% (top quartile).
1M return: 0.02% (upper mid).
Sharpe: 1.02 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.39% (upper mid).
Modified duration: 5.37 yrs (bottom quartile).

JM Core 11 Fund

Lower mid AUM (₹290 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 19.07% (upper mid).
3Y return: 18.03% (upper mid).
1Y return: -6.28% (lower mid).
Alpha: -4.38 (lower mid).
Sharpe: -0.28 (upper mid).
Information ratio: 0.41 (upper mid).

JM Multicap Fund

Highest AUM (₹6,144 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.77% (top quartile).
3Y return: 21.79% (top quartile).
1Y return: -8.84% (bottom quartile).
Alpha: -8.04 (bottom quartile).
Sharpe: -0.50 (bottom quartile).
Information ratio: 1.02 (upper mid).

JM Value Fund

Upper mid AUM (₹1,110 Cr).
Established history (28+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 25.61% (top quartile).
3Y return: 23.87% (top quartile).
1Y return: -9.79% (bottom quartile).
Alpha: -6.74 (bottom quartile).
Sharpe: -0.38 (lower mid).
Information ratio: 1.08 (top quartile).

JM Ultra Short Duration Fund

Bottom quartile AUM (₹35 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.35% (upper mid).
1M return: 0.23% (upper mid).
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 Tax Gain Fund

Lower mid AUM (₹209 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 22.79% (upper mid).
3Y return: 18.99% (upper mid).
1Y return: -4.50% (upper mid).
Alpha: -3.63 (upper mid).
Sharpe: -0.24 (upper mid).
Information ratio: 0.65 (upper mid).

JM Arbitrage Fund

Bottom quartile AUM (₹196 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 5.03% (bottom quartile).
3Y return: 6.55% (bottom quartile).
1Y return: 6.14% (upper mid).
1M return: 0.48% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.89 (bottom quartile).

JM Large Cap Fund

Upper mid AUM (₹540 Cr).
Oldest track record among peers (30 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 16.27% (lower mid).
3Y return: 14.94% (lower mid).
1Y return: -8.03% (bottom quartile).
Alpha: -8.60 (bottom quartile).
Sharpe: -0.49 (bottom quartile).
Information ratio: 0.10 (lower mid).

JM Equity Hybrid Fund

Upper mid AUM (₹862 Cr).
Established history (30+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 20.96% (upper mid).
3Y return: 20.07% (upper mid).
1Y return: -5.69% (lower mid).
1M return: -4.34% (bottom quartile).
Alpha: -6.24 (lower mid).
Sharpe: -0.41 (lower mid).

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 (₹1,909 Cr).
Established history (27+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.91% (top quartile).
1M return: 0.45% (top quartile).
Sharpe: 3.11 (top quartile).
Information ratio: -2.34 (bottom quartile).
Yield to maturity (debt): 5.87% (upper mid).
Modified duration: 0.13 yrs (lower mid).
Average maturity: 0.14 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 (~7.5%).

Below is the key information for JM Liquid Fund

JM Liquid Fund Growth
Launch Date	31 Dec 97
NAV (10 Aug 25)	₹71.6944 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹1,909 on 30 Jun 25
Category	Debt - Liquid Fund
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	3.11
Information Ratio	-2.34
Alpha Ratio	-0.17
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	5.87%
Effective Maturity	1 Month 19 Days
Modified Duration	1 Month 16 Days
Sub Cat.	Liquid Fund

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,320
31 Jul 22	₹10,703
31 Jul 23	₹11,403
31 Jul 24	₹12,229
31 Jul 25	₹13,079

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 10 Aug 25

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	3.3%
1 Year	6.9%
3 Year	6.9%
5 Year	5.5%
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	0.74 Yr.
Naghma Khoja	21 Oct 21	3.78 Yr.
Ruchi Fozdar	3 Apr 24	1.33 Yr.

Data below for JM Liquid Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	99.7%
Other	0.3%

Debt Sector Allocation

Sector	Value
Cash Equivalent	82.02%
Corporate	9.32%
Government	8.37%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Small Industries Development Bank Of India Commercial Paper \| -	7%	₹199 Cr	20,000,000 ↑ 10,000,000
Net Receivable/Payable Net Current Assets \| -	4%	₹103 Cr
Bank Of Baroda Certificate of Deposit \| -	4%	₹100 Cr	10,000,000 ↑ 10,000,000
Export-Import Bank Of India Commercial Paper \| -	4%	₹100 Cr	10,000,000
Bank of Baroda Debentures \| -	4%	₹99 Cr	10,000,000
Punjab National Bank Domestic Bonds \| -	4%	₹99 Cr	10,000,000
Axis Bank Ltd. Debentures \| -	4%	₹99 Cr	10,000,000 ↑ 5,000,000
Ccil CBLO/Reverse Repo \| -	4%	₹96 Cr	96,433 ↑ 96,433
Godrej Agrovet Ltd. Commercial Paper \| -	3%	₹75 Cr	7,500,000
Tata Capital Housing Finance Ltd. Commercial Paper \| -	2%	₹50 Cr	5,000,000 ↑ 5,000,000

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 (₹61 Cr).
Established history (22+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 8.40% (top quartile).
1M return: 0.02% (upper mid).
Sharpe: 1.02 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.39% (upper mid).
Modified duration: 5.37 yrs (bottom quartile).
Average maturity: 7.47 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Government (bond sector) vs peer median.
Debt-heavy allocation (~89%).
High-quality debt (AAA/AA ~100%).
Largest holding 6.75% Govt Stock 2029 (~19.3%).
Top-3 holdings concentration ~47.4%.

Below is the key information for JM Dynamic Debt Fund

JM Dynamic Debt Fund Growth
Launch Date	25 Jun 03
NAV (08 Aug 25)	₹41.8767 ↓ -0.01 (-0.02 %)
Net Assets (Cr)	₹61 on 30 Jun 25
Category	Debt - Dynamic Bond
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.42
Sharpe Ratio	1.02
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.39%
Effective Maturity	7 Years 5 Months 19 Days
Modified Duration	5 Years 4 Months 13 Days
Sub Cat.	Dynamic Bond

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,339
31 Jul 22	₹10,661
31 Jul 23	₹11,292
31 Jul 24	₹12,133
31 Jul 25	₹13,219

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 10 Aug 25

Duration	Returns
1 Month	0%
3 Month	0.8%
6 Month	4.7%
1 Year	8.4%
3 Year	7.4%
5 Year	5.8%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	9%

Fund Manager information for JM Dynamic Debt Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	0.74 Yr.
Naghma Khoja	3 Apr 24	1.33 Yr.
Ruchi Fozdar	3 Apr 24	1.33 Yr.

Data below for JM Dynamic Debt Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	10.82%
Debt	88.91%
Other	0.27%

Debt Sector Allocation

Sector	Value
Government	63.24%
Corporate	25.67%
Cash Equivalent	10.82%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.75% Govt Stock 2029 Sovereign Bonds \| -	19%	₹12 Cr	1,150,000
6.33% Govt Stock 2035 Sovereign Bonds \| -	16%	₹10 Cr	1,000,000 ↓ -800,000
6.92% Govt Stock 2039 Sovereign Bonds \| -	12%	₹7 Cr	700,000
LIC Housing Finance Ltd Debentures \| -	8%	₹5 Cr	500,000 ↑ 500,000
National Bank For Agriculture And Rural Development Debentures \| -	7%	₹4 Cr	400,000
Bajaj Finance Ltd. 7.11% Debentures \| -	7%	₹4 Cr	400,000 ↑ 400,000
Indian Oil Corporation Limited Debentures \| -	6%	₹4 Cr	350,000
Indian Railway Finance Corporation Limited Debentures \| -	5%	₹3 Cr	300,000
Power Finance Corporation Limited Debentures \| -	5%	₹3 Cr	300,000
6.79% Govt Stock 2034 Sovereign Bonds \| -	4%	₹2 Cr	225,000

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 (₹290 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 19.07% (upper mid).
3Y return: 18.03% (upper mid).
1Y return: -6.28% (lower mid).
Alpha: -4.38 (lower mid).
Sharpe: -0.28 (upper mid).
Information ratio: 0.41 (upper mid).
Higher exposure to Consumer Cyclical vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Larsen & Toubro Ltd (~4.9%).

Below is the key information for JM Core 11 Fund

JM Core 11 Fund Growth
Launch Date	5 Mar 08
NAV (08 Aug 25)	₹19.0432 ↓ -0.25 (-1.29 %)
Net Assets (Cr)	₹290 on 30 Jun 25
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.45
Sharpe Ratio	-0.28
Information Ratio	0.41
Alpha Ratio	-4.38
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 Jul 20	₹10,000
31 Jul 21	₹13,521
31 Jul 22	₹14,711
31 Jul 23	₹18,218
31 Jul 24	₹26,877
31 Jul 25	₹25,030

JM Core 11 Fund SIP Returns

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

Returns for JM 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 10 Aug 25

Duration	Returns
1 Month	-3.7%
3 Month	2.9%
6 Month	-0.3%
1 Year	-6.3%
3 Year	18%
5 Year	19.1%
10 Year
15 Year
Since launch	3.8%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	-2.4%

Fund Manager information for JM Core 11 Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	0.83 Yr.
Asit Bhandarkar	25 Feb 09	16.44 Yr.
Ruchi Fozdar	4 Oct 24	0.82 Yr.
Deepak Gupta	11 Apr 25	0.31 Yr.

Data below for JM Core 11 Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Consumer Cyclical	25.99%
Financial Services	24.93%
Industrials	15.32%
Technology	14.32%
Health Care	6.67%
Communication Services	4.84%
Basic Materials	2.98%
Real Estate	2.26%

Asset Allocation

Asset Class	Value
Cash	2.69%
Equity	97.31%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Oct 11 \| LT	5%	₹14 Cr	38,507
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 24 \| BHARTIARTL	5%	₹14 Cr	70,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 24 \| HDFCBANK	5%	₹13 Cr	67,000
Trent Ltd (Consumer Cyclical) Equity, Since 30 Nov 22 \| 500251	5%	₹13 Cr	21,109
Titan Co Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| TITAN	4%	₹12 Cr	33,600
Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 31 Mar 23 \| AMBER	4%	₹12 Cr	18,298
Eicher Motors Ltd (Consumer Cyclical) Equity, Since 28 Feb 25 \| EICHERMOT	4%	₹11 Cr	20,000
Cholamandalam Investment and Finance Co Ltd (Financial Services) Equity, Since 28 Feb 25 \| CHOLAFIN	4%	₹11 Cr	69,000 ↓ -17,661
Oracle Financial Services Software Ltd (Technology) Equity, Since 30 Jun 25 \| OFSS	4%	₹11 Cr	12,000 ↑ 12,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Sep 23 \| 532174	4%	₹11 Cr	74,000 ↓ -16,000

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 (₹6,144 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.77% (top quartile).
3Y return: 21.79% (top quartile).
1Y return: -8.84% (bottom quartile).
Alpha: -8.04 (bottom quartile).
Sharpe: -0.50 (bottom quartile).
Information ratio: 1.02 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Reliance Industries Ltd (~4.6%).

Below is the key information for JM Multicap Fund

JM Multicap Fund Growth
Launch Date	23 Sep 08
NAV (08 Aug 25)	₹94.6006 ↓ -1.12 (-1.17 %)
Net Assets (Cr)	₹6,144 on 30 Jun 25
Category	Equity - Multi Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.17
Sharpe Ratio	-0.5
Information Ratio	1.02
Alpha Ratio	-8.04
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 Jul 20	₹10,000
31 Jul 21	₹15,162
31 Jul 22	₹16,879
31 Jul 23	₹21,430
31 Jul 24	₹35,095
31 Jul 25	₹31,265

JM Multicap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833 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 10 Aug 25

Duration	Returns
1 Month	-4%
3 Month	2.1%
6 Month	-3.1%
1 Year	-8.8%
3 Year	21.8%
5 Year	24.8%
10 Year
15 Year
Since launch	14.2%

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	3.95 Yr.
Asit Bhandarkar	1 Oct 24	0.83 Yr.
Ruchi Fozdar	4 Oct 24	0.82 Yr.
Deepak Gupta	11 Apr 25	0.31 Yr.

Data below for JM Multicap Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Financial Services	29.28%
Consumer Cyclical	16.55%
Industrials	15.65%
Technology	10.24%
Energy	7.68%
Consumer Defensive	6.36%
Health Care	4.93%
Communication Services	3.27%
Basic Materials	3.13%
Real Estate	0.89%
Utility	0.26%

Asset Allocation

Asset Class	Value
Cash	1.76%
Equity	98.24%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 25 \| RELIANCE	5%	₹285 Cr	1,900,000 ↑ 1,900,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 21 \| 532174	5%	₹282 Cr	1,950,000 ↓ -150,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| HDFCBANK	4%	₹265 Cr	1,325,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	4%	₹239 Cr	650,000 ↓ -175,247
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 28 Feb 25 \| GODFRYPHLP	4%	₹235 Cr	261,706 ↑ 10,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹201 Cr	1,000,000 ↓ -300,000
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 31 May 25 \| HINDPETRO	3%	₹187 Cr	4,260,370 ↑ 1,135,370
Tech Mahindra Ltd (Technology) Equity, Since 31 Jul 24 \| 532755	3%	₹186 Cr	1,100,000 ↓ -300,000
Adani Ports & Special Economic Zone Ltd (Industrials) Equity, Since 31 May 25 \| ADANIPORTS	3%	₹160 Cr	1,100,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Jan 25 \| MARUTI	2%	₹142 Cr	114,179 ↓ -57,500

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 (₹1,110 Cr).
Established history (28+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 25.61% (top quartile).
3Y return: 23.87% (top quartile).
1Y return: -9.79% (bottom quartile).
Alpha: -6.74 (bottom quartile).
Sharpe: -0.38 (lower mid).
Information ratio: 1.08 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding Godfrey Phillips India Ltd (~3.9%).

Below is the key information for JM Value Fund

JM Value Fund Growth
Launch Date	2 Jun 97
NAV (08 Aug 25)	₹94.3718 ↓ -1.11 (-1.16 %)
Net Assets (Cr)	₹1,110 on 30 Jun 25
Category	Equity - Value
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.47
Sharpe Ratio	-0.38
Information Ratio	1.08
Alpha Ratio	-6.74
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 Jul 20	₹10,000
31 Jul 21	₹16,032
31 Jul 22	₹16,493
31 Jul 23	₹22,468
31 Jul 24	₹36,610
31 Jul 25	₹32,751

JM Value Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326 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 10 Aug 25

Duration	Returns
1 Month	-5.6%
3 Month	3.5%
6 Month	0.1%
1 Year	-9.8%
3 Year	23.9%
5 Year	25.6%
10 Year
15 Year
Since launch	16.3%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	3.5%

Fund Manager information for JM Value Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	3.95 Yr.
Asit Bhandarkar	11 Dec 06	18.65 Yr.
Ruchi Fozdar	4 Oct 24	0.82 Yr.
Deepak Gupta	11 Apr 25	0.31 Yr.

Data below for JM Value Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Financial Services	26.2%
Consumer Cyclical	18.99%
Industrials	18.15%
Basic Materials	10.55%
Technology	6.52%
Consumer Defensive	6.26%
Communication Services	5.14%
Health Care	3.85%
Energy	3.16%

Asset Allocation

Asset Class	Value
Cash	1.19%
Equity	98.81%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 31 Aug 24 \| GODFRYPHLP	4%	₹44 Cr	48,789
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 12 \| HDFCBANK	3%	₹36 Cr	180,000 ↓ -42,605
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Apr 09 \| LT	3%	₹36 Cr	97,613
Hindustan Petroleum Corp Ltd (Energy) Equity, Since 28 Feb 25 \| HINDPETRO	3%	₹35 Cr	800,000
Whirlpool of India Ltd (Consumer Cyclical) Equity, Since 30 Apr 25 \| 500238	3%	₹34 Cr	245,000
Restaurant Brands Asia Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 29 Feb 24 \| RBA	3%	₹32 Cr	3,894,908 ↑ 50,000
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	3%	₹32 Cr	197,605 ↓ -29,500
Tech Mahindra Ltd (Technology) Equity, Since 30 Jun 24 \| 532755	3%	₹30 Cr	180,000 ↑ 10,000
CARE Ratings Ltd (Financial Services) Equity, Since 31 Oct 24 \| CARERATING	3%	₹30 Cr	169,129
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 24 \| BHARTIARTL	3%	₹30 Cr	150,000 ↓ -13,025

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 (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.35% (upper mid).
1M return: 0.23% (upper mid).
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
31 Jul 20	₹10,000

JM Ultra Short Duration Fund SIP Returns

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

Returns for JM Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Aug 25

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

Historical performance (Yearly) on absolute basis

Year	Returns
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

Lower mid AUM (₹209 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 22.79% (upper mid).
3Y return: 18.99% (upper mid).
1Y return: -4.50% (upper mid).
Alpha: -3.63 (upper mid).
Sharpe: -0.24 (upper mid).
Information ratio: 0.65 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Larsen & Toubro Ltd (~5.1%).

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund Growth
Launch Date	31 Mar 08
NAV (08 Aug 25)	₹46.8444 ↓ -0.39 (-0.83 %)
Net Assets (Cr)	₹209 on 30 Jun 25
Category	Equity - ELSS
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.4
Sharpe Ratio	-0.24
Information Ratio	0.65
Alpha Ratio	-3.63
Min Investment	500
Min SIP Investment	500
Exit Load	NIL
Sub Cat.	ELSS

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹15,719
31 Jul 22	₹16,599
31 Jul 23	₹20,210
31 Jul 24	₹30,763
31 Jul 25	₹28,977

JM Tax Gain Fund SIP Returns

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

Returns for JM 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 10 Aug 25

Duration	Returns
1 Month	-3.9%
3 Month	5%
6 Month	0.7%
1 Year	-4.5%
3 Year	19%
5 Year	22.8%
10 Year
15 Year
Since launch	9.3%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	-0.6%

Fund Manager information for JM Tax Gain Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	0.83 Yr.
Asit Bhandarkar	31 Dec 21	3.58 Yr.
Ruchi Fozdar	4 Oct 24	0.82 Yr.
Deepak Gupta	11 Apr 25	0.31 Yr.

Data below for JM Tax Gain Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Financial Services	28.61%
Consumer Cyclical	14.12%
Technology	13.58%
Industrials	11.08%
Basic Materials	10.4%
Health Care	8.22%
Energy	3.84%
Communication Services	2.95%
Consumer Defensive	2.13%
Real Estate	1.11%
Utility	1.01%

Asset Allocation

Asset Class	Value
Cash	2.95%
Equity	97.05%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	5%	₹11 Cr	28,947
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| 532174	5%	₹10 Cr	70,000 ↓ -7,975
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 11 \| HDFCBANK	5%	₹10 Cr	49,131
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 25 \| RELIANCE	4%	₹8 Cr	53,400 ↑ 53,400
OneSource Specialty Pharma Ltd (Healthcare) Equity, Since 31 Jan 25 \| ONESOURCE	3%	₹6 Cr	28,195
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹6 Cr	30,700
Syrma SGS Technology Ltd (Technology) Equity, Since 31 May 25 \| SYRMA	3%	₹6 Cr	101,000 ↑ 61,000
360 One Wam Ltd Ordinary Shares (Financial Services) Equity, Since 30 Apr 25 \| 360ONE	3%	₹6 Cr	46,500 ↑ 6,500
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| MARUTI	3%	₹5 Cr	4,306 ↓ -400
Infosys Ltd (Technology) Equity, Since 31 Aug 18 \| INFY	3%	₹5 Cr	32,965

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

Bottom quartile AUM (₹196 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 5.03% (bottom quartile).
3Y return: 6.55% (bottom quartile).
1Y return: 6.14% (upper mid).
1M return: 0.48% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.89 (bottom quartile).
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 (~92%).
High-quality debt (AAA/AA ~100%).
Largest holding JM Liquid Dir Gr (~7.0%).

Below is the key information for JM Arbitrage Fund

JM Arbitrage Fund Growth
Launch Date	18 Jul 06
NAV (08 Aug 25)	₹32.7842 ↑ 0.03 (0.09 %)
Net Assets (Cr)	₹196 on 30 Jun 25
Category	Hybrid - Arbitrage
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.06
Sharpe Ratio	-0.89
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 Jul 20	₹10,000
31 Jul 21	₹10,268
31 Jul 22	₹10,557
31 Jul 23	₹11,188
31 Jul 24	₹12,006
31 Jul 25	₹12,768

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 10 Aug 25

Duration	Returns
1 Month	0.5%
3 Month	1.2%
6 Month	2.9%
1 Year	6.1%
3 Year	6.5%
5 Year	5%
10 Year
15 Year
Since launch	6.4%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	7.2%

Fund Manager information for JM Arbitrage Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	0.83 Yr.
Asit Bhandarkar	18 Jul 14	11.05 Yr.
Ruchi Fozdar	4 Oct 24	0.82 Yr.
Deepak Gupta	11 Apr 25	0.31 Yr.

Data below for JM Arbitrage Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	92.42%
Debt	7.55%
Other	0.03%

Equity Sector Allocation

Sector	Value
Financial Services	19.49%
Consumer Cyclical	7.93%
Health Care	7.58%
Communication Services	6.31%
Energy	5.69%
Utility	5.49%
Industrials	5.11%
Basic Materials	4.69%
Consumer Defensive	3.51%
Real Estate	2.95%
Technology	2.79%

Debt Sector Allocation

Sector	Value
Cash Equivalent	90.7%
Government	6.44%
Corporate	2.82%

Credit Quality

Rating	Value
AA	18.77%
AAA	81.23%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
JM Liquid Dir Gr Investment Fund \| -	7%	₹14 Cr	1,914,370
Future on DLF Ltd Derivatives \| -	3%	-₹5 Cr	65,175 ↑ 26,400
DLF Ltd (Real Estate) Equity, Since 31 May 24 \| 532868	3%	₹5 Cr	65,175 ↑ 26,400
Future on Reliance Industries Ltd Derivatives \| -	3%	-₹5 Cr	35,500
Reliance Industries Ltd (Energy) Equity, Since 30 Sep 24 \| RELIANCE	3%	₹5 Cr	35,500
Future on Mahindra & Mahindra Ltd Derivatives \| -	3%	-₹5 Cr	16,000 ↑ 250
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Aug 24 \| M&M	3%	₹5 Cr	16,000 ↑ 250
Shriram Finance Limited Debentures \| -	3%	₹5 Cr	500,000
364 DTB 21112025 Sovereign Bonds \| -	2%	₹5 Cr	500,000 ↑ 500,000
364 DTB 18122025 Sovereign Bonds \| -	2%	₹5 Cr	500,000

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 (₹540 Cr).
Oldest track record among peers (30 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 16.27% (lower mid).
3Y return: 14.94% (lower mid).
1Y return: -8.03% (bottom quartile).
Alpha: -8.60 (bottom quartile).
Sharpe: -0.49 (bottom quartile).
Information ratio: 0.10 (lower mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding HDFC Bank Ltd (~6.7%).

Below is the key information for JM Large Cap Fund

JM Large Cap Fund Growth
Launch Date	1 Apr 95
NAV (08 Aug 25)	₹147.847 ↓ -1.74 (-1.16 %)
Net Assets (Cr)	₹540 on 30 Jun 25
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.46
Sharpe Ratio	-0.49
Information Ratio	0.1
Alpha Ratio	-8.6
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 Jul 20	₹10,000
31 Jul 21	₹13,122
31 Jul 22	₹13,948
31 Jul 23	₹16,512
31 Jul 24	₹24,316
31 Jul 25	₹21,901

JM Large Cap 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 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 10 Aug 25

Duration	Returns
1 Month	-4.9%
3 Month	2.8%
6 Month	0.7%
1 Year	-8%
3 Year	14.9%
5 Year	16.3%
10 Year
15 Year
Since launch	9.3%

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	3.95 Yr.
Asit Bhandarkar	5 Oct 17	7.83 Yr.
Ruchi Fozdar	4 Oct 24	0.82 Yr.
Deepak Gupta	27 Jan 25	0.51 Yr.

Data below for JM Large Cap Fund as on 30 Jun 25

Equity Sector Allocation

Sector	Value
Financial Services	32.95%
Technology	11.86%
Industrials	11.2%
Consumer Cyclical	10.92%
Communication Services	7.63%
Basic Materials	6.25%
Health Care	5.43%
Energy	4.71%
Utility	4.55%
Consumer Defensive	2.71%
Real Estate	1.07%

Asset Allocation

Asset Class	Value
Cash	0.72%
Equity	99.28%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 12 \| HDFCBANK	7%	₹36 Cr	181,472 ↓ -26,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	5%	₹27 Cr	133,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 11 \| 532174	5%	₹26 Cr	177,087
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 25 \| LT	4%	₹22 Cr	60,500
Infosys Ltd (Technology) Equity, Since 30 Apr 15 \| INFY	4%	₹21 Cr	133,498
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 25 \| RELIANCE	4%	₹20 Cr	135,000 ↑ 35,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 25 \| 532215	3%	₹18 Cr	152,000 ↑ 42,000
State Bank of India (Financial Services) Equity, Since 31 Oct 11 \| SBIN	3%	₹16 Cr	197,397 ↓ -26,000
InterGlobe Aviation Ltd (Industrials) Equity, Since 31 Mar 25 \| INDIGO	3%	₹14 Cr	23,500 ↑ 8,000
HDFC Life Insurance Co Ltd (Financial Services) Equity, Since 31 Mar 25 \| HDFCLIFE	2%	₹13 Cr	162,400

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 (₹862 Cr).
Established history (30+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 20.96% (upper mid).
3Y return: 20.07% (upper mid).
1Y return: -5.69% (lower mid).
1M return: -4.34% (bottom quartile).
Alpha: -6.24 (lower mid).
Sharpe: -0.41 (lower mid).
Information ratio: 1.13 (top quartile).
Top sector: Financial Services.
Top bond sector: Government.
Equity-heavy allocation (~79%).
High-quality debt (AAA/AA ~100%).
Largest holding Bharti Airtel Ltd (~4.2%).

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (08 Aug 25)	₹117.264 ↓ -1.68 (-1.41 %)
Net Assets (Cr)	₹862 on 30 Jun 25
Category	Hybrid - Hybrid Equity
AMC	JM Financial Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	2.36
Sharpe Ratio	-0.41
Information Ratio	1.13
Alpha Ratio	-6.24
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 Jul 20	₹10,000
31 Jul 21	₹14,459
31 Jul 22	₹14,977
31 Jul 23	₹18,694
31 Jul 24	₹28,480
31 Jul 25	₹26,851

JM Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644 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 10 Aug 25

Duration	Returns
1 Month	-4.3%
3 Month	3%
6 Month	0.1%
1 Year	-5.7%
3 Year	20.1%
5 Year	21%
10 Year
15 Year
Since launch	12.4%

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	0.83 Yr.
Asit Bhandarkar	31 Dec 21	3.58 Yr.
Ruchi Fozdar	4 Oct 24	0.82 Yr.
Deepak Gupta	11 Apr 25	0.31 Yr.

Data below for JM Equity Hybrid Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	2.7%
Equity	79.05%
Debt	18.25%

Equity Sector Allocation

Sector	Value
Financial Services	20.7%
Technology	14.14%
Industrials	13.15%
Consumer Cyclical	12.11%
Basic Materials	7.84%
Communication Services	4.2%
Consumer Defensive	3.56%
Health Care	3.35%

Debt Sector Allocation

Sector	Value
Government	10.32%
Corporate	9.05%
Cash Equivalent	1.58%

Credit Quality

Rating	Value
AA	1.21%
AAA	98.79%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	4%	₹36 Cr	180,000 ↓ -40,000
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 May 25 \| MCX	4%	₹35 Cr	39,000 ↓ -1,000
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%	₹32 Cr	160,000
Tech Mahindra Ltd (Technology) Equity, Since 31 Dec 23 \| 532755	4%	₹31 Cr	185,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	3%	₹30 Cr	315,040 ↑ 246,032
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jan 25 \| UJJIVANSFB	3%	₹29 Cr	5,876,466
Camlin Fine Sciences Ltd (Basic Materials) Equity, Since 31 Jan 25 \| CAMLINFINE	3%	₹26 Cr	816,343
Waaree Energies Ltd (Technology) Equity, Since 31 May 25 \| 544277	3%	₹25 Cr	80,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 21 \| 532174	3%	₹25 Cr	170,114 ↓ -30,000

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