JM Flexicap Fund Direct Growth
Equity
Direct
Flexi Cap
NAV as on 05-09-2024
₹ 122.07
1D
Inception Returns
20.5%
/yr
About the Fund
JM Flexicap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Gurvinder Wasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Flexicap Fund Direct Growth has ₹3855 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
JM Flexicap Fund Direct Growth has given a CAGR return of 20.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 61.26%, 29.99% and 29.77% respectively.
Holdings
JM Flexicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Basic Materials, Consumer Cyclical, Tech, Health, Energy, Consumer Defensive, Communication, Real Estate, Utilities. Its top holdings are REC Ltd, HDFC Bank Ltd, Infosys Ltd, Larsen & Toubro Ltd, ICICI Bank Ltd
Taxation
As it is a flexi cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of JM Flexicap Fund Direct Growth
JM Flexicap Fund is an open-ended diversified equity fund which aims to provide capital appreciation by investing primarily in equity and equity related securities of various market capitalisation. There can be no assurance that the investment objective of the scheme will be realized. 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 Flexicap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
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22497 people have invested ₹ 31.1Cr in JM Flexicap Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.39% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹3855 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 145.55% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
40.1%
Small cap
39.2%
Mid cap
17.7%
Sector Allocation
Industrial
22.6%
Financial Services
18.6%
Basic Materials
15.9%
Consumer Cyclical
14.4%
Tech
9.3%
Health
7.3%
Energy
4.9%
Consumer Defensive
3%
Communication
1.6%
Real Estate
1.4%
Utilities
0.9%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 5.25% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 1.71% in Jul'24
- AUM of the fund stands at 3.9K Cr as of Jul'24
- AUM increased by 1.4K Cr between Jul'24 and Jun'24
Top Stocks bought last month
Infosys Ltd's allocation increased from 1.52% to 3.26%
Petronet LNG Ltd's allocation increased from 0.84% to 2.56%
REC Ltd's allocation increased from 2.85% to 3.61%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 3.74 % to 2.78 %
State Bank of India's allocation decreased from 3.36 % to 2.43 %
Blue Star Ltd's allocation decreased from 2.81 % to 2.32 %
Mid Cap allocation has gone down from 20.1% to 18.6%
Large Cap allocation has gone up from 37.9% to 40%
Small Cap allocation has gone down from 38.6% to 38%
Cash allocation has gone down from 3.3% to 2%
Top 3 Sectors in July were Industrial, Financial Services & Consumer Cyclical
Jul'24
Industrial
23%
Financial Services
19%
Basic Materials
16%
Jun'24
Industrial
24%
Financial Services
20%
Consumer Cyclical
19%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 REC Ltd | 3.61% | 53.3% | |
 HDFC Bank Ltd | 3.52% | -19.2% | |
 Infosys Ltd | 3.26% | 18.5% | |
 Larsen & Toubro Ltd | 3.22% | 47.7% | |
 ICICI Bank Ltd | 2.78% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 PG Electroplast Ltd | 32% |
 Oil India Ltd | 26.8% |
 Mrs Bectors Food Specialities Ltd | 23.1% |
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Gurvinder Wasan
Fund Manager of JM Flexicap Fund Direct Growth, since 1 December 2022
Top funds managed
Fund House
JM Financial Asset Management Limited
Total Schemes
Total AUM
₹17.96K Cr
as on 31-Jul-2024
Address
JM Financial Asset Management Private Limited,502, 5th Floor, A - Wing,,Laxmi Towers, Bandra-Kurla Complex,,Bandra-East
Phone
+912261987777
Website
investor@jmfl.com
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 56.0% growth in AUM moving from 2.47K Cr to 3.85K Cr.
In the last 3 years, this fund has outperformed all funds in its category.
In the last 1 year, Bank of India Flexi Cap Fund Direct Growth has given 61.78% return, outperforming this fund by 0.52%.
In the last 5 years, Quant Flexi Cap Fund Growth Option Direct Plan has given 38.4% return, outperforming this fund by 8.63% per annum.
This fund has one of the lowest expense ratio in the category (flexi cap). Its expense ratio is 0.39% which is lower than the category average expense ratio of 1.15%.
JM Flexicap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.53% since inception which is less than its category average return of 22.17%
Fund Allocations
This fund has an allocation of 97.99% in Equity, 0% in Debt and 2.01% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 8666 Cr
Expense Ratio 0.39%
This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 1.34%
Frequently Asked Questions
The current NAV of JM Flexicap Fund Direct Growth is ₹122.07 as on 05-Sep-2024.
Existing (Absolute + CAGR) as on 05-Sep-2024.
JM Flexicap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.7% | 1.7% |
6 Month Returns | 24.7% | 24.7% |
1 Year Returns | 61.26% | 61.26% |
3 Years Returns | 119.64% | 29.99% |
5 Years Returns | 268.07% | 29.77% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.39% as on August 2024
₹3855 Cr as on August 2024
REC Ltd(3.61%), HDFC Bank Ltd(3.52%), Infosys Ltd(3.26%), Larsen & Toubro Ltd(3.22%), ICICI Bank Ltd(2.78%) as on August 2024
Industrial(22.19%), Financial Services(18.24%), Basic Materials(15.61%) as on August 2024
The alpha ratio for the JM Flexicap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
JM Flexicap Fund Direct Growth | 17.34 | 10.59 | 6.38 |
As on August 2024
The alpha for JM Flexicap Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the JM Flexicap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
JM Flexicap Fund Direct Growth | 0.95 | 0.94 | 0.94 |
As on August 2024
The Beta for JM Flexicap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the JM Flexicap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
JM Flexicap Fund Direct Growth | 3.62 | 1.7 | 1.21 |
As on August 2024
The sharpe ratio for JM Flexicap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the JM Flexicap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
JM Flexicap Fund Direct Growth | 12.32 | 13.29 | 18.76 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 4.25 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.32 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Gurvinder Wasan is the fund manager of JM Flexicap Fund Direct Growth
The Exit load of JM Flexicap Fund Direct Growth is 1%