JM Focused Fund Direct Growth
Equity
Direct
Focused Fund
NAV as on 23-12-2024
₹ 23.66
▲1%
1D
Inception Returns
16.3%
/yr
About JM Focused Fund Direct Growth
JM Focused Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Focused Fund Direct Growth has ₹212 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
JM Focused Fund Direct Growth has given a CAGR return of 16.28% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.95%, 22.79% and 18.12% respectively.
Holdings
JM Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Basic Materials, Health, Consumer Defensive, Communication, Energy. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, Canara Bank, REC Ltd
Taxation
As it is a focused fund 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 Focused Fund Direct Growth
The investment objective of the Scheme is to generate long-term capital appreciation/income by investing in equity and equity related instruments across market capitalization of up to 30 companies. However 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 Focused Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
293 people have invested ₹ 7.2L in JM Focused Fund Direct Growth in the last three months
INDmoney Rank for JM Focused Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
JM Focused Fund Direct Growth Overview
| Expense ratio | 0.78% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹212 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 125.98% |
| STCG | Selling mutual fund 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 (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
61.1%
Mid cap
16.1%
Small cap
15.6%
Sector Allocation
Financial Services
32.7%
Consumer Cyclical
17.8%
Industrial
16.5%
Tech
8.5%
Basic Materials
8.5%
Health
8.1%
Consumer Defensive
3.1%
Communication
2.4%
Energy
2.3%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.55% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.15% in Nov'24
- AUM of the fund stands at 211.9 Cr as of Nov'24
- AUM increased by 34.5 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Canara Bank's allocation increased from 2.61% to 4.77%
Zomato Ltd's allocation increased from 2.34% to 3.63%
ABB India Ltd's allocation increased from 3.29% to 4.45%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 7.44 % to 7.22 %
HDFC Bank Ltd's allocation decreased from 5.83 % to 5.59 %
Infosys Ltd's allocation decreased from 5.65 % to 4.92 %
Mid Cap allocation has gone down from 17% to 16.1%
Large Cap allocation has gone up from 56.7% to 61.1%
Small Cap allocation has gone down from 15.6% to 15.6%
Cash allocation has gone down from 7.9% to 5.3%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Nov'24
Financial Services
33%
Consumer Cyclical
18%
Industrial
17%
Oct'24
Financial Services
32%
Consumer Cyclical
17%
Industrial
16%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.22% | 4.1% | |
 HDFC Bank Ltd | 5.59% | 0% | |
 Infosys Ltd | 4.92% | -11.1% | |
 Canara Bank | 4.77% | 98% | |
 REC Ltd | 4.47% | 0% |
See all
Top Growth Drivers | 1M Return |
|---|---|
PB Fintech Ltd | 24.3% |
 Orchid Pharma Ltd | 23.8% |
 Zomato Ltd | 8.1% |
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Asit Bhandarkar
Fund Manager of JM Focused Fund Direct Growth, since 25 February 2009
Top funds managed
Fund House
JM Financial Asset Management Limited
Total Schemes
Total AUM
₹37.72K Cr
as on 29-Nov-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
This fund has one of the lowest expense ratio in the category (focused fund). Its expense ratio is 0.78% which is lower than the category average expense ratio of 1.26%.
In the last 3 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 27.59% return, outperforming this fund by 3.87% per annum.
In the last 5 years, ICICI Prudential Focused Equity Fund Direct Plan Growth has given 25.47% return, outperforming this fund by 7.53% per annum.
In the last 1 year, Invesco India Focused Fund Direct Growth has given 47.46% return, outperforming this fund by 18.34%.
Over the last 6 months, this fund has experienced a 89.6% growth in AUM moving from 111.76 Cr to 211.91 Cr.
JM Focused 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 16.28% since inception which is less than its category average return of 16.92%
Fund Allocations
This fund has an allocation of 94.66% in Equity, 0% in Debt and 5.34% in Cash related instruments
AUM size ₹212 Cr
This fund has AUM of ₹212 Cr which is less than its category average of ₹ 4714 Cr
Expense Ratio 0.78%
This fund has an expense ratio of 0.78% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for JM Focused Fund Direct Growth
The current NAV of JM Focused Fund Direct Growth is ₹23.66 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
JM Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.7% | 2.7% |
6 Month Returns | 4.82% | 4.82% |
1 Year Returns | 27.95% | 27.95% |
3 Years Returns | 85.13% | 22.79% |
5 Years Returns | 129.98% | 18.12% |
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.
0.78% as on November 2024
₹212 Cr as on November 2024
ICICI Bank Ltd(7.22%), HDFC Bank Ltd(5.59%), Infosys Ltd(4.92%), Canara Bank(4.77%), REC Ltd(4.47%) as on November 2024
Financial Services(30.94%), Consumer Cyclical(16.86%), Industrial(15.65%) as on November 2024
The alpha ratio for the JM Focused Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
JM Focused Fund Direct Growth | 8.68 | 6.41 | -0.58 |
As on November 2024
The alpha for JM Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
JM Focused Fund Direct Growth | 0.76 | 0.88 | 0.98 |
As on November 2024
The Beta for JM Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
JM Focused Fund Direct Growth | 1.96 | 1.21 | 0.69 |
As on November 2024
The sharpe ratio for JM Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
JM Focused Fund Direct Growth | 11.47 | 13.04 | 19.86 |
As on November 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 2.4 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.11 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Asit Bhandarkar is the fund manager of JM Focused Fund Direct Growth
The Exit load of JM Focused Fund Direct Growth is 1%