JM Midcap Fund Direct Growth

JM Midcap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 30-01-2025

₹ 18.35

3%

1D

Inception Returns

32%

/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 Asit Bhandarkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. JM Midcap Fund Direct Growth has ₹1427 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

JM Midcap Fund Direct Growth has given a CAGR return of 31.97% since inception. Over the last 1 year the fund has given a CAGR return of 17.71%.

Holdings

JM Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Health, Industrial, Financial Services, Tech, Basic Materials, Real Estate. Its top holdings are Tata Technologies Ltd, Amber Enterprises India Ltd Ordinary Shares, Persistent Systems Ltd, Max Healthcare Institute Ltd Ordinary Shares, Biocon Ltd

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 benefit
Dividends 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

Absolute

zero opening, trading, fund transfer fee
1825 people have invested ₹ 79.2L in JM Midcap Fund Direct Growth in the last three months

JM Midcap Fund Direct Growth Overview

Expense ratio0.47%
Benchmark
S&P BSE Midcap TR INR
AUM₹1427 Cr
Inception Date21 November, 2022
Min Lumpsum/SIP₹1000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
137.73%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (30-Jan-25)

Period
JM Midcap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
-9.1%
-6.4%
-8.7%
3M
-9.2%
-7.2%
-7.4%
6M
-11.5%
-3%
-9.4%
1Y
17.7%
14.3%
14%

Fund Distribution

as on (30-Nov-24)

  • Equity 98.2%

  • Debt & Cash 1.8%

Mid cap
68.9%

Small cap
23.2%

Large cap
5.3%

Sector Allocation

Dec'24

Nov'24

Oct'24

Consumer Cyclical
20.3%
Health
19.3%
Industrial
19.1%
Financial Services
15.6%
Tech
14.4%
Basic Materials
9.6%
Real Estate
1.7%
All changes are between Sep'24 and Nov'24
Nov'24
Oct'24
Sep'24
Fund Returns
-1.34%
-4.83%
2.07%
Nifty Midcap 150
-0.54%
-6.72%
2.05%
  • This fund’s returns stands at -1.34% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
  • This fund underperformed Nifty Midcap 150 by 0.79% in Nov'24
Parameters
Dec'24
Nov'24
Oct'24
AUM
₹ 1.7K Cr
₹ 1.7K Cr
₹ 1.7K Cr
  • AUM of the fund stands at 1.7K Cr as of Dec'24
  • AUM has remained same between Dec'24 and Nov'24
Top Stocks bought last month
Avalon Technologies Ltd's allocation increased from 0.39% to 1.65%
Avalon Technologies Ltd's allocation increased from 0.39% to 1.65%
Jubilant Foodworks Ltd's allocation increased from 1.12% to 1.82%
Jubilant Foodworks Ltd's allocation increased from 1.12% to 1.82%
Exide Industries Ltd's allocation increased from 1.71% to 2.4%
Exide Industries Ltd's allocation increased from 1.71% to 2.4%
Top Stocks sold last month
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 3.12 % to 2.91 %
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 3.12 % to 2.91 %
Tata Technologies Ltd's allocation decreased from 2.89 % to 2.6 %
Tata Technologies Ltd's allocation decreased from 2.89 % to 2.6 %
JSW Infrastructure Ltd's allocation decreased from 2.52 % to 2.49 %
JSW Infrastructure Ltd's allocation decreased from 2.52 % to 2.49 %
Mid Cap allocation has gone up from 65.7% to 68.9%
Mid Cap allocation has gone up from 65.7% to 68.9%
Large Cap allocation has gone up from 3.2% to 5.3%
Large Cap allocation has gone up from 3.2% to 5.3%
Small Cap allocation has gone down from 30.6% to 23.2%
Small Cap allocation has gone down from 30.6% to 23.2%
Cash allocation has gone up from 0.6% to 1.8%
Cash allocation has gone up from 0.6% to 1.8%

Top 3 Sectors in December were Industrial, Consumer Cyclical & Health

Dec'24
Consumer Cyclical
20%
Health
19%
Industrial
19%
Nov'24
Industrial
19%
Consumer Cyclical
19%
Health
18%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
65
63
63
Top 5 Company Concentration
14%
14.8%
15%
Company having highest exposure
Biocon Ltd (2.9%)
Ipca Laboratories Ltd (3.6%)
Ipca Laboratories Ltd (3.5%)
No of Sectors
8
8
9
Top 5 Sectors Concentration
89%
89.8%
88.1%
Sector having highest exposure
Industrial (19.4%)
Health (20.9%)
Industrial (21.4%)
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Asit Bhandarkar
Asit Bhandarkar
Fund Manager of JM Midcap Fund Direct Growth, since 1 October 2024
Fund House
JM Financial Asset Management Limited
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

JM Midcap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 31.97% since inception which is more than its category average return of 19.98%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.19% in Equity, 0% in Debt and 1.81% in Cash related instruments
AUM size ₹1427 Cr

AUM size ₹1427 Cr

This fund has AUM of ₹1427 Cr which is less than its category average of ₹ 13276 Cr
Expense Ratio 0.47%

Expense Ratio 0.47%

This fund has an expense ratio of 0.47% which is less than its category average expense ratio of 1.23%

Frequently Asked Questions for JM Midcap Fund Direct Growth

The current NAV of JM Midcap Fund Direct Growth is ₹18.35 as on 30-Jan-2025.
Existing (Absolute + CAGR) as on 30-Jan-2025.
JM Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-9.09%
-9.09%
6 Month Returns
-11.46%
-11.46%
1 Year Returns
17.71%
17.71%
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.
0.47% as on December 2024
₹1427 Cr as on December 2024
Tata Technologies Ltd(4.34%), Amber Enterprises India Ltd Ordinary Shares(3.71%), Persistent Systems Ltd(3.6%), Max Healthcare Institute Ltd Ordinary Shares(3.42%), Biocon Ltd(3.22%) as on December 2024
Consumer Cyclical(19.88%), Health(18.99%), Industrial(18.73%) as on December 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
9.1
-
-
As on December 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
1.1
-
-
As on December 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
1.69
-
-
As on December 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
15.85
-
-
As on December 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.
Asit Bhandarkar is the fund manager of JM Midcap Fund Direct Growth
The Exit load of JM Midcap Fund Direct Growth is 1%