JM Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 05-03-2025
₹ 17.29
▲0.5%
1D
Inception Returns
25.8%
/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 ₹1320 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
JM Midcap Fund Direct Growth has given a CAGR return of 25.84% since inception. Over the last 1 year the fund has given a CAGR return of 6.18%.
Holdings
JM Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Consumer Defensive. Its top holdings are Biocon Ltd, Tata Technologies Ltd, The Federal Bank Ltd, JSW Infrastructure Ltd, SRF 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
▲
▼
1786 people have invested ₹ 76.6L in JM Midcap Fund Direct Growth in the last three months
JM Midcap Fund Direct Growth Overview
| Expense ratio | 0.53% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹1320 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 (05-Mar-25)
Fund Distribution
as on (31-Jan-25)
Mid cap
66.5%
Small cap
23.8%
Large cap
5.2%
Sector Allocation
Health
21.9%
Financial Services
19.2%
Industrial
17.8%
Consumer Cyclical
14.1%
Tech
12.7%
Basic Materials
8.6%
Consumer Defensive
5.7%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 1.3K Cr as of Jan'25
- AUM decreased by 375.8 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Indian Bank's allocation increased from 1.28% to 2.65%
The Federal Bank Ltd's allocation increased from 2.1% to 3.4%
SRF Ltd's allocation increased from 2.1% to 3.06%
Top Stocks sold last month
Tata Technologies Ltd's allocation decreased from 4.34 % to 3.64 %
JSW Infrastructure Ltd's allocation decreased from 3.18 % to 3.08 %
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 3.42 % to 2.97 %
Mid Cap allocation has gone down from 68.9% to 66.5%
Large Cap allocation has gone down from 5.3% to 5.2%
Small Cap allocation has gone up from 23.2% to 23.8%
Cash allocation has gone up from 1.8% to 2.3%
Top 3 Sectors in January were Consumer Cyclical, Health & Industrial
Jan'25
Health
22%
Financial Services
19%
Industrial
18%
Dec'24
Consumer Cyclical
20%
Health
19%
Industrial
19%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Garware Hi Tech Films Ltd | 12% |
 Godfrey Phillips India Ltd | 8% |
 Gulf Oil Lubricants India Ltd | 4.5% |
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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
₹39.28K Cr
as on 31-Jan-2025
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 25.84% since inception which is more than its category average return of 18.17%
Fund Allocations
This fund has an allocation of 97.71% in Equity, 0% in Debt and 2.29% in Cash related instruments
AUM size ₹1320 Cr
This fund has AUM of ₹1320 Cr which is less than its category average of ₹ 11840 Cr
Expense Ratio 0.53%
This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.19%
Frequently Asked Questions for JM Midcap Fund Direct Growth
The current NAV of JM Midcap Fund Direct Growth is ₹17.29 as on 05-Mar-2025.
Existing (Absolute + CAGR) as on 05-Mar-2025.
JM Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -9.62% | -9.62% |
6 Month Returns | -18.7% | -18.7% |
1 Year Returns | 6.18% | 6.18% |
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.
0.53% as on February 2025
₹1320 Cr as on February 2025
Biocon Ltd(4.17%), Tata Technologies Ltd(3.64%), The Federal Bank Ltd(3.4%), JSW Infrastructure Ltd(3.08%), SRF Ltd(3.06%) as on February 2025
Health(21.4%), Financial Services(18.77%), Industrial(17.42%) as on February 2025
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 | 7.27 | - | - |
As on February 2025
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 February 2025
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 | 0.08 | - | - |
As on February 2025
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 | 21.96 | - | - |
As on February 2025
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%