July 24, 2024
mayank
JM Midcap Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 20.0203
NAV IDCW: Rs 20.0203
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies. There is no assurance that the investment objective of the Scheme will be realized.
Fund Manager:
1) Satish Ramanathan
Education: Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA.
Experience: Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.
2) Chaitanya Choksi
Education: Mr. Choksi is a MMS (Finance) and CFA.
Experience: Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.
3) Gurvinder Singh Wasan
Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience: Prior to joining JM Mutual Fund, he has worked with Principal Mutual Fund, Crisil Ltd. and ICICI Bank Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 180 days |
Basic Details of JM Midcap Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 21-Nov-22 |
| Return Since Launch | 51.49% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,379 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.32% |
| (As on 30-Jun-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 122.09% |
Trailing Returns (%) of JM Midcap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Midcap Dir | 35.81 | -0.44 | 1.90 | 17.79 | 33.88 | 65.73 | — | — | — | — |
| BSE 150 MidCap TRI | 26.64 | -0.47 | 2.15 | 16.24 | 25.37 | 56.04 | — | — | — | — |
| Equity: Mid Cap | 25.51 | -0.29 | 1.31 | 15.42 | 25.58 | 52.80 | — | — | — | — |
| Rank within category | 2 | 28 | 12 | 6 | 2 | 5 | — | — | — | — |
| Number of funds in category | 39 | 40 | 40 | 39 | 39 | 39 | 28 | 22 | 20 | 19 |
Peer Comparison of JM Midcap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| JM Midcap Dir | Unrated | 65.73 | — | — | 0.32 | 1,379 | 51.49 | 1.00 (180) | 1Y 8M | 122.09 |
| HDFC Mid-Cap Opportunities Dir | 4 star | 50.61 | 30.06 | 30.14 | 0.74 | 70,570 | 22.73 | 1.00 (365) | 11Y 6M | 20.12 |
| Kotak Emerging Equity Dir | 4 star | 50.60 | 25.74 | 29.89 | 0.36 | 49,023 | 22.51 | 1.00 (365) | 11Y 6M | 30.20 |
| Nippon India Growth Dir | 4 star | 56.15 | 29.04 | 30.63 | 0.81 | 30,839 | 20.21 | 1.00 (30) | 11Y 6M | 22.00 |
| Motilal Oswal Midcap Dir | 5 star | 67.71 | 39.42 | 34.70 | 0.61 | 12,628 | 25.91 | 1.00 (365) | 10Y 5M | 149.00 |
Portfolio Analysis of JM Midcap Fund
| No. of Stocks | 57 |
| Top 10 Stocks | 26.77% |
| Top 5 Stocks | 14.25% |
| Top 3 Sectors | 45.70% |
| Portfolio P/B Ratio | 4.97 |
| Portfolio P/E Ratio | 36.06 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 37,585 | 59,798 |
| Giant (%) | — | 5.53 |
| Large (%) | 26.63 | 36.90 |
| Mid (%) | 61.76 | 55.38 |
| Small (%) | 11.61 | 5.30 |
| Tiny (%) | — | 0.34 |
Chanakya’s Mutual Fund Guidance For JM Midcap Fund
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