JM Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 20-12-2024
₹ 19.93
▲0.1%
1D
Inception Returns
40.5%
/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
- JM Midcap Fund Direct Growth has ₹1696 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
JM Midcap Fund Direct Growth has given a CAGR return of 40.49% since inception. Over the last 1 year the fund has given a CAGR return of 37.36%.
Holdings
JM Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Health, Financial Services, Basic Materials, Tech, Consumer Defensive, Real Estate. Its top holdings are Biocon Ltd, The Federal Bank Ltd, Max Healthcare Institute Ltd Ordinary Shares, Tata Technologies Ltd, Fortis Healthcare 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 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
▲
▼
2149 people have invested ₹ 1.2Cr in JM Midcap Fund Direct Growth in the last three months
JM Midcap Fund Direct Growth Overview
| Expense ratio | 0.39% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹1696 Cr |
| Inception Date | 21 November, 2022 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 137.73% |
| 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 (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Mid cap
65.7%
Small cap
30.6%
Large cap
3.2%
Sector Allocation
Industrial
19.4%
Consumer Cyclical
19%
Health
18.1%
Financial Services
17.8%
Basic Materials
14.7%
Tech
9.3%
Consumer Defensive
1.2%
Real Estate
0.5%
All changes are between Sep'24 and Nov'24
- 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
- AUM of the fund stands at 1.7K Cr as of Nov'24
- AUM decreased by 51 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Avalon Technologies Ltd's allocation increased from 0.39% to 1.65%
Jubilant Foodworks Ltd's allocation increased from 1.12% to 1.82%
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 %
Tata Technologies Ltd's allocation decreased from 2.89 % to 2.6 %
JSW Infrastructure Ltd's allocation decreased from 2.52 % to 2.49 %
Small Cap allocation has gone up from 29.1% to 30.6%
Mid Cap allocation has gone down from 67.7% to 65.7%
Large Cap allocation has gone up from 1.8% to 3.2%
Cash allocation has gone down from 0.9% to 0.6%
Top 3 Sectors in November were Health, Industrial & Consumer Cyclical
Nov'24
Industrial
19%
Consumer Cyclical
19%
Health
18%
Oct'24
Health
21%
Industrial
20%
Consumer Cyclical
18%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 16.7% |
 Biocon Ltd | 6.4% |
 Avalon Technologies Ltd | 5.9% |
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Asit Bhandarkar
Fund Manager of JM Midcap Fund Direct Growth, since 1 October 2024
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
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 40.49% since inception which is more than its category average return of 19.7%
Fund Allocations
This fund has an allocation of 99.45% in Equity, 0% in Debt and 0.55% in Cash related instruments
AUM size ₹1696 Cr
This fund has AUM of ₹1696 Cr which is less than its category average of ₹ 9584 Cr
Expense Ratio 0.39%
This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for JM Midcap Fund Direct Growth
The current NAV of JM Midcap Fund Direct Growth is ₹19.93 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
JM Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.63% | 4.63% |
6 Month Returns | 3.79% | 3.79% |
1 Year Returns | 37.36% | 37.36% |
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.
0.39% as on November 2024
₹1696 Cr as on November 2024
Biocon Ltd(2.95%), The Federal Bank Ltd(2.93%), Max Healthcare Institute Ltd Ordinary Shares(2.91%), Tata Technologies Ltd(2.6%), Fortis Healthcare Ltd(2.59%) as on November 2024
Industrial(19.3%), Consumer Cyclical(18.87%), Health(18.03%) as on November 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 | 7.24 | - | - |
As on November 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 | 0.97 | - | - |
As on November 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 | 1.81 | - | - |
As on November 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 | 15.8 | - | - |
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.
Asit Bhandarkar is the fund manager of JM Midcap Fund Direct Growth
The Exit load of JM Midcap Fund Direct Growth is 1%