April 24, 2026
RA Jainee
JM Midcap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 20.2 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 20.2 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY Midcap 150 TRI |
| AUM Rs. | 1,020 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.75% |
| 1 Year Return (%) | 6.56 |
| 3 Year Return (%) | 26.07 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 22.82% |
⚖️ Sahifund Review – JM Midcap Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Mid-cap funds are suitable for investors:
1. Seeking exposure in mid-cap stocks for high returns
2. Aiming for long-term wealth creation
3. With a 7+ year investment horizon
4. Who can withstand interim sharp declines in investment value
Note:
• Invest only through SIP
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) Ruchi Fozdar
Education: Ms. Ruchi is a graduate in science and PGDBM in finance
Experience: Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
3) Asit Bhandarkar
Education: Mr. Bhandarkar is a B.Com (H) and MMS.
Experience: Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
4) Deepak Gupta
Education: C.A, M.Com from Mumbai University
Experience: Prior to Joining the JM AMC, he has worked with SBI Pension Funds Private Limited, Reliance Nippon Life Insurance and Access Asset Managers Private Limited.
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 | 22.82% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,020 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.75% |
| (As on 31-Mar-2026) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
| Turnover | 106.74% |
JM Midcap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Midcap Dir | 0.66 | -0.26 | 14.52 | 8.31 | -2.36 | 6.56 | 26.07 | — | — | — |
| BSE 150 MidCap TRI | -0.90 | 0.29 | 9.50 | 3.52 | -0.29 | 8.97 | 23.60 | — | — | — |
| Equity: Mid Cap | -0.10 | -0.39 | 13.62 | 5.81 | 0.27 | 9.53 | 23.29 | — | — | — |
| Rank within category | 16 | 14 | 9 | 9 | 47 | 38 | 9 | — | — | — |
| Number of funds in category | 57 | 60 | 58 | 57 | 54 | 51 | 41 | 28 | 22 | 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 | 4 star | 6.56 | 26.07 | — | 0.75 | 1,020 | 22.82 | 1.00 (180) | 3Y 5M | 106.74 |
| HDFC Mid Cap Dir | 5 star | 11.92 | 25.64 | 23.15 | 0.77 | 85,358 | 20.32 | 1.00 (365) | 13Y 3M | 7.16 |
| Kotak Midcap Dir | 4 star | 15.31 | 23.81 | 20.96 | 0.38 | 55,676 | 20.19 | 1.00 (365) | 13Y 3M | 24.20 |
| Nippon India Growth Mid Cap Dir | 5 star | 12.90 | 27.70 | 24.23 | 0.78 | 39,676 | 18.40 | 1.00 (30) | 13Y 3M | 4.00 |
| Edelweiss Mid Cap Dir | 5 star | 11.53 | 27.84 | 23.39 | 0.49 | 13,554 | 21.40 | 1.00 (90) | 13Y 3M | 37.00 |
JM Midcap Fund Portfolio
| No. of Stocks | 60 |
| Top 10 Stocks | 33.57% |
| Top 5 Stocks | 17.83% |
| Top 3 Sectors | 53.80% |
| Portfolio P/B Ratio | 3.85 |
| Portfolio P/E Ratio | 28.32 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 42,644 | 57,805 |
| Giant (%) | — | 3.47 |
| Large (%) | 5.17 | 9.48 |
| Mid (%) | 70.76 | 81.00 |
| Small (%) | 24.07 | 10.19 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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