JM Focused Fund Direct Growth
Equity
Direct
Focused Fund
NAV as on 05-09-2024
₹ 24.4
1D
Inception Returns
17%
/yr
About the Fund
JM Focused Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar, Gurvinder Wasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Focused Fund Direct Growth has ₹147 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
JM Focused Fund Direct Growth has given a CAGR return of 17.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 45.48%, 23.54% and 21.84% respectively.
Holdings
JM Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Basic Materials, Financial Services, Tech, Health, Energy, Consumer Defensive. Its top holdings are Zomato Ltd, Vedanta Ltd, Trent Ltd, Petronet LNG Ltd, Go Digit General Insurance 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
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314 people have invested ₹ 6.9L in JM Focused Fund Direct Growth in the last three months
INDmoney Rank
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Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Fund Overview
| Expense ratio | 1.01% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹147 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 125.98% |
| 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
45.1%
Small cap
25.9%
Mid cap
24.4%
Sector Allocation
Consumer Cyclical
27.9%
Industrial
18.8%
Financial Services
16.1%
Basic Materials
13.9%
Tech
8.8%
Energy
8.2%
Consumer Defensive
3.5%
Health
2.8%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 4.63% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 1.10% in Jul'24
- AUM of the fund stands at 132.4 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Zomato Ltd's allocation increased from 3.03% to 5%
Havells India Ltd's allocation increased from 2.78% to 4.18%
REC Ltd's allocation increased from 2.7% to 4.03%
Top Stocks sold last month
JSW Infrastructure Ltd's allocation decreased from 3.77 % to 3.69 %
Larsen & Toubro Ltd's allocation decreased from 3.62 % to 3.5 %
JK Cement Ltd's allocation decreased from 3.98 % to 3.46 %
Cash allocation has gone up from 1.2% to 4.6%
Top 3 Sectors in July were Consumer Cyclical, Financial Services & Industrial
Jul'24
Consumer Cyclical
28%
Industrial
19%
Financial Services
16%
Jun'24
Consumer Cyclical
23%
Financial Services
20%
Industrial
19%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Zomato Ltd | 4.86% | 60% | |
 Vedanta Ltd | 4.63% | -15.5% | |
 Trent Ltd | 4.39% | 0% | |
 Petronet LNG Ltd | 3.97% | 36.9% | |
 Go Digit General Insurance Ltd | 3.96% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 31.7% |
 Deepak Fertilizers & Petrochemicals Corp Ltd | 13.2% |
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Asit Bhandarkar
Fund Manager of JM Focused Fund Direct Growth, since 25 February 2009
Top funds managed
Gurvinder Wasan
Fund Manager of JM Focused 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
In the last 3 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 29.42% return, outperforming this fund by 5.87% per annum.
This fund expense ratio is slightly on the lower side within the category (focused fund). Its expense ratio is 1.01% which is lower than the category average expense ratio of 1.26%.
In the last 1 year, Invesco India Focused Fund Direct Growth has given 67.33% return, outperforming this fund by 21.84%.
Over the last 3 months, this fund has experienced a 50.2% growth in AUM moving from 97.82 Cr to 146.95 Cr.
In the last 5 years, Quant Focused fund Growth Option Direct Plan has given 28.7% return, outperforming this fund by 6.85% per annum.
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 17.01% since inception which is less than its category average return of 19.02%
Fund Allocations
This fund has an allocation of 95.36% in Equity, 0% in Debt and 4.64% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 4746 Cr
Expense Ratio 1.01%
This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions
The current NAV of JM Focused Fund Direct Growth is ₹24.4 as on 05-Sep-2024.
Existing (Absolute + CAGR) as on 05-Sep-2024.
JM Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.01% | 3.01% |
6 Month Returns | 18.94% | 18.94% |
1 Year Returns | 45.48% | 45.48% |
3 Years Returns | 88.56% | 23.54% |
5 Years Returns | 168.55% | 21.84% |
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1.01% as on August 2024
₹147 Cr as on August 2024
Zomato Ltd(4.86%), Vedanta Ltd(4.63%), Trent Ltd(4.39%), Petronet LNG Ltd(3.97%), Go Digit General Insurance Ltd(3.96%) as on August 2024
Consumer Cyclical(24.99%), Industrial(19.87%), Basic Materials(14.1%) as on August 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 | 7.56 | 5.75 | -0.83 |
As on August 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 | 0.92 | 0.93 | 0.99 |
As on August 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 | 2.85 | 1.31 | 0.83 |
As on August 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 | 11.9 | 13.34 | 19.96 |
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 2.52 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.02 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Asit Bhandarkar, Gurvinder Wasan are the fund managers of JM Focused Fund Direct Growth
The Exit load of JM Focused Fund Direct Growth is 1%