JM Small Cap Fund

JM Small Cap Fund

Equity

JM Financial Mutual Fund

Small-Cap

Get the latest NAV of JM Small Cap Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹8.47

NAV as on 31 Mar 2026

-8.89%/per year

Since Inception

Absolute Gain%

▲▼

1277 people have invested ₹ 41.4L in JM Small Cap Fund in the last three months

JM Small Cap Fund Performance vs. Nifty Smallcap 250

Fund returns vs Benchmark returns vs Category Average returns as on (31-Mar-26)

The fund has underperformed the benchmark (Nifty Smallcap 250) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-10.99%
-14.71%
-15.58%
-6.76%
--
--
Nifty Smallcap 250
-10.03%
-14.36%
-14.4%
-5.4%
17.59%
15.5%
Small-Cap Avg
-9.68%
-11.69%
-12.09%
-2.75%
16.33%
17%
Best in Small-Cap
-6.88%
-5.92%
-4.52%
7.05%
28.31%
22.96%
Worst in Small-Cap
-11.51%
-16.08%
-22.74%
-15.44%
10.71%
13.52%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
JM Small Cap Fund
-
646Cr
0.76%
-6.76%
-
--
--
--
--
--
Bandhan Small Cap Fund
1/18
20,474Cr
0.49%
1.02%
27.81%
9.26
0.89
1.27
2.30
1.94
Invesco India Smallcap Fund
2/18
9,716Cr
0.4%
1.26%
22.36%
6.09
0.80
1.10
1.73
0.61
Edelweiss Small Cap Fund
3/18
5,481Cr
0.45%
0.24%
17.86%
2.68
0.78
0.93
1.51
--
See all

JM Small Cap Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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JM Small Cap Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

Small cap
91.4%
Mid cap
8.3%
Mid Cap allocation has gone down from 8.9% to 8.3%
Mid Cap allocation has gone down from 8.9% to 8.3%
Small Cap allocation has gone up from 89.3% to 91.4%
Small Cap allocation has gone up from 89.3% to 91.4%
Cash allocation has gone down from 1.8% to 0.4%
Cash allocation has gone down from 1.8% to 0.4%

JM Small Cap Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Financial Services
20.6%
Basic Materials
19%
Industrial
15%
Consumer Cyclical
12.3%
Tech
11.9%
Consumer Defensive
10.2%
Health
9.7%
Communication
1.2%

Top 3 Sectors in February were Financial Services, Basic Materials & Consumer Cyclical

Feb'26

Basic Materials

22%

Financial Services

21%

Consumer Cyclical

20%

Jan'26

Financial Services

22%

Basic Materials

20%

Consumer Cyclical

18%

JM Small Cap Fund Holdings Details

as on (28-Feb-26)

Top Stocks bought last month
Garware Hi-Tech Films Ltd's allocation increased from 4.06% to 5.51%
Garware Hi-Tech Films Ltd's allocation increased from 4.06% to 5.51%
Amber Enterprises India Ltd Ordinary Shares's allocation increased from 2.73% to 3.7%
Amber Enterprises India Ltd Ordinary Shares's allocation increased from 2.73% to 3.7%
Ceat Ltd's allocation increased from 0.02% to 0.85%
Ceat Ltd's allocation increased from 0.02% to 0.85%
Top Stocks sold last month
CreditAccess Grameen Ltd Ordinary Shares's allocation decreased from 4.12 % to 3.62 %
CreditAccess Grameen Ltd Ordinary Shares's allocation decreased from 4.12 % to 3.62 %
Multi Commodity Exchange of India Ltd's allocation decreased from 2.64 % to 2.33 %
Multi Commodity Exchange of India Ltd's allocation decreased from 2.64 % to 2.33 %
Northern Arc Capital Ltd's allocation decreased from 1.95 % to 1.72 %
Northern Arc Capital Ltd's allocation decreased from 1.95 % to 1.72 %

JM Small Cap Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.76%
Benchmark
Nifty Smallcap 250 TR INR
AUM₹646 Cr
Inception Date18 June, 2024
Min Lumpsum/SIP₹1,000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
114.09%
Risk
Risk meter
pointer
Very High Risk

About JM Small Cap Fund

JM Small Cap Fund is an equity fund. This fund was started on 18 June, 2024. The fund is managed by Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar, Deepak Gupta. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. JM Small Cap Fund has ₹646 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

JM Small Cap Fund has given a CAGR return of -8.89% since inception. Over the last 1 year the fund has given a CAGR return of -6.76%.

Holdings

JM Small Cap Fund has allocated its funds majorly in Cash Equivalent, Basic Materials, Financial Services, Consumer Cyclical, Industrial, Health, Tech, Consumer Defensive, Communication, Real Estate. Its top holdings are Garware Hi-Tech Films Ltd, Godfrey Phillips India Ltd, Amber Enterprises India Ltd Ordinary Shares, CreditAccess Grameen Ltd Ordinary Shares, Acutaas Chemicals Ltd

Taxation

As it is a small-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of JM Small Cap Fund

The primary objective of the Scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies, as defined by SEBI. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Small Cap Fund has no lock in period.

Fund Manager

Satish Ramanathan

Fund Manager of JM Small Cap Fund, since 1 October 2024

Asit Bhandarkar

Fund Manager of JM Small Cap Fund, since 18 June 2024

Ruchi Fozdar

Fund Manager of JM Small Cap Fund, since 4 October 2024

Deepak Gupta

Fund Manager of JM Small Cap Fund, since 11 April 2025

Learn more about JM Financial Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 646 Cr
₹ 627.6 Cr
₹ 745.4 Cr
  • AUM of the fund stands at 646 Cr as of Feb'26
  • AUM increased by 18.3 Cr between Feb'26 and Jan'26

Frequently Asked Questions for JM Small Cap Fund

How do I invest in JM Small Cap Fund?

INDmoney makes it simple to invest in the JM Small Cap Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘JM Small Cap Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of JM Small Cap Fund?

The NAV of the fund today is ₹8.47. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

JM Small Cap Fund fund has generated a return of -6.76% in 1 year

Who is the fund manager of JM Small Cap Fund?

The fund managers are Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar, Deepak Gupta.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-180 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.76%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹646 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of JM Small Cap Fund?

The top 3 holdings of the fund are Garware Hi-Tech Films Ltd(5.51%), Godfrey Phillips India Ltd(4.66%), Amber Enterprises India Ltd Ordinary Shares(3.7%)