JM Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 19-11-2024
₹ 19.37
▲0.8%
1D
Inception Returns
39.3%
/yr
About JM Midcap Fund Direct Growth
JM Midcap Fund Direct Growth is an equity fund. This fund was started on 21 November, 2022. The fund is managed by Gurvinder Wasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Midcap Fund Direct Growth has ₹1691 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
JM Midcap Fund Direct Growth has given a CAGR return of 39.27% since inception. Over the last 1 year the fund has given a CAGR return of 40.63%.
Holdings
JM Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Industrial, Consumer Cyclical, Financial Services, Basic Materials, Tech, Consumer Defensive, Real Estate. Its top holdings are Ipca Laboratories Ltd, Max Healthcare Institute Ltd Ordinary Shares, Tata Technologies Ltd, Glenmark Pharmaceuticals Ltd, Amber Enterprises India Ltd Ordinary Shares
Taxation
As it is a mid-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 Midcap Fund Direct Growth
To provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
2270 people have invested ₹ 2.4Cr in JM Midcap Fund Direct Growth in the last three months
JM Midcap Fund Direct Growth Overview
| Expense ratio | 0.32% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹1691 Cr |
| Inception Date | 21 November, 2022 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 137.73% |
| 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Mid cap
67.7%
Small cap
29.1%
Large cap
1.8%
Sector Allocation
Health
20.9%
Industrial
19.6%
Consumer Cyclical
18.3%
Financial Services
15.8%
Basic Materials
15.2%
Tech
7.7%
Consumer Defensive
1.5%
Real Estate
0.9%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.83% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 1.89% in Oct'24
- AUM of the fund stands at 1.7K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Kalyan Jewellers India Ltd's allocation increased from 1.09% to 1.71%
Amber Enterprises India Ltd Ordinary Shares's allocation increased from 1.97% to 2.56%
Biocon Ltd's allocation increased from 2.11% to 2.56%
Top Stocks sold last month
Tata Technologies Ltd's allocation decreased from 3.06 % to 2.89 %
Berger Paints India Ltd's allocation decreased from 2.85 % to 2.54 %
JSW Infrastructure Ltd's allocation decreased from 2.68 % to 2.52 %
Mid Cap allocation has gone down from 68.7% to 67.7%
Large Cap allocation has gone up from 1.5% to 1.8%
Small Cap allocation has gone up from 27.5% to 29.1%
Cash allocation has gone down from 1.7% to 0.9%
Top 3 Sectors in October were Industrial, Health & Consumer Cyclical
Oct'24
Health
21%
Industrial
20%
Consumer Cyclical
18%
Sep'24
Industrial
21%
Health
19%
Consumer Cyclical
17%
Top Growth Drivers | 1M Return |
|---|---|
 Ami Organics Ltd | 28.6% |
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Gurvinder Wasan
Fund Manager of JM Midcap Fund Direct Growth, since 1 December 2022
Top funds managed
Fund House
JM Financial Asset Management Limited
Total Schemes
Total AUM
₹36.23K Cr
as on 31-Oct-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
JM Midcap 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 39.27% since inception which is more than its category average return of 18.83%
Fund Allocations
This fund has an allocation of 99.08% in Equity, 0% in Debt and 0.92% in Cash related instruments
AUM size ₹1691 Cr
This fund has AUM of ₹1691 Cr which is less than its category average of ₹ 9389 Cr
Expense Ratio 0.32%
This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for JM Midcap Fund Direct Growth
The current NAV of JM Midcap Fund Direct Growth is ₹19.37 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
JM Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.7% | -6.7% |
6 Month Returns | 4.59% | 4.59% |
1 Year Returns | 40.63% | 40.63% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.32% as on October 2024
₹1691 Cr as on October 2024
Ipca Laboratories Ltd(3.57%), Max Healthcare Institute Ltd Ordinary Shares(3.12%), Tata Technologies Ltd(2.89%), Glenmark Pharmaceuticals Ltd(2.64%), Amber Enterprises India Ltd Ordinary Shares(2.56%) as on October 2024
Health(20.66%), Industrial(19.39%), Consumer Cyclical(18.13%) as on October 2024
The alpha ratio for the JM Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
JM Midcap Fund Direct Growth | 10.35 | - | - |
As on October 2024
The alpha for JM Midcap Fund Direct Growth is calculated against S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
JM Midcap Fund Direct Growth | 0.96 | - | - |
As on October 2024
The Beta for JM Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
JM Midcap Fund Direct Growth | 2.41 | - | - |
As on October 2024
The sharpe ratio for JM Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
JM Midcap Fund Direct Growth | 16.84 | - | - |
As on October 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.
Gurvinder Wasan is the fund manager of JM Midcap Fund Direct Growth
The Exit load of JM Midcap Fund Direct Growth is 1%