This is the Direct plan of JM Value Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
Performance
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.
Not enough Value Fund peers to rank yet
Volatility 17.2% (no category average yet)
1.6% expense (no category average yet)
95% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Consistent — positive in 95% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Value Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -3.34% | — | — |
| 3M abs | -0.71% | — | — |
| 6M abs | +14.87% | — | — |
| 1Y CAGR | -1.75% | — | — |
| 3Y CAGR | +11.67% | — | — |
| 5Y CAGR | +13.88% | — | — |
Category average across peers in Value Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into JM Value Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -1.28% | -7.18% | +5.90% | |
| 2025 | -3.20% | +7.94% | -11.14% | |
| 2024 | +26.72% | +16.43% | +10.29% | |
| 2023 | +48.68% | +27.43% | +21.25% | |
| 2022 | +6.05% | +4.34% | +1.71% | |
| 2021 | +37.17% | +31.59% | +5.58% | |
| 2020 | +14.14% | +18.33% | -4.19% | |
| 2019 | +12.67% | +8.95% | +3.72% | |
| 2018 | -10.64% | -2.33% | -8.31% | |
| 2017 | +45.52% | +37.35% | +8.17% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity98.85%
- Cash & Equivalents1.15%
Fund size over time
Quarterly average AUM · AMFIDown +6% from its peak of ₹855.86Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
JM Financial Mutual Fund is the asset management arm of the JM Financial group and is one of India's oldest private fund houses, launched in 1994 when the industry first opened to private managers.
Fund Managers
RFRuchi FozdarStart date not disclosed
Fund Manager Debt
BSC- Organic PGDBM Finance
Ms. Ruchi Fozdar has 12 years of rich experience in fixed income market with 7 years of asset management experience. JM Short Duration Fund; Prior to JM Financial Mutual Fund, she was associated with institutions like Reliance Nippon Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund.
DGDeepak GuptaStart date not disclosed
Head of Research & Senior Fund Manager Equity
Chartered Accountant and Masters of Commerce from Mumbai University
Mr. Gupta is a Chartered Account. Prior to Fund Manager: joining the AMC, he was associated with SBI Pension Funds Private Limited, Reliance Nippon Life Insurance and Access Asset Managers Private Limited.
SRSatish RamanathanStart date not disclosed
Chief Investment Officer- Equity
32 years
CFA
Mr. Ramanathan brings with him rich and varied experience of around 3 decades and joins the AMC from Tattva Capital which was his entrepreneurial endeavor. He started his career with TATA Economic Consultancy Services in 1992 and has subsequently worked with ICICI Securities, Franklin Templeton AMC and Sundaram AMC. research and fund management. His last assignment was as Fund Manager with Lotus India Asset Management Company Pvt. Ltd. Prior to that, for more than 2 years, he was with SBI Funds Management Pvt. Ltd. As a Junior Fund Manager. He started his career on the broking side as an equity analyst and has worked with firms like Jet Age Securities and Sushil Finance Consultants for almost
ABAsit BhandarkarStart date not disclosed
Senior Fund Manager - Equity
B.Com., MMS B-Tech, MBA
He has 23 years of experience in equity research and fund management. His last assignment was as Fund Manager with Lotus India Asset Management Company Pvt. Ltd. Prior to that, for more than 2 years, he was with SBI Funds Management Pvt. Ltd. As a Junior Fund Manager. He started his career on the broking side as an equity analyst and has worked with firms like Jet Age Securities and Sushil Finance Consultants for almost 2 years. Mr. Ramanathan brings with him rich and
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
JM Financial in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
JM Short Term Fund - Direct Plan Portfolio
The Economic Times · 4d ago
JM Flexi Cap Fund - Direct Plan Portfolio
The Economic Times · 4d ago
JM Medium to Long Term Fund - Direct Plan Portfolio
The Economic Times · 4d ago
JM Medium to Long Term Fund Portfolio
The Economic Times · 4d ago
JM Ultra Short to Short Term Fund Direct Plan-IDCW Fortnightly
The Economic Times · 4d ago
JM Medium to Long Term Fund-Growth
The Economic Times · 4d ago
JM Ultra Short to Short Term Fund Direct Plan-Bonus
The Economic Times · 4d ago
JM Mid Cap Fund - Direct Plan Fund info
The Economic Times · 4d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Value funds
Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.
Frequently asked questions
What is the NAV of JM Value Fund?
As of 05 Oct 2026, the NAV of JM Value Fund is ₹73.17 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has JM Value Fund delivered?
JM Value Fund has returned -1.75% over 1 year, +11.67% per year over 3 years, +13.88% per year over 5 years and +15.38% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of JM Value Fund?
JM Value Fund charges an expense ratio of 1.57% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of JM Value Fund?
JM Value Fund's largest holdings are Redington Limited (4.4%), ICICI Bank Limited (4.1%), Shriram Finance Limited (4.1%), Larsen & Toubro Limited (3.5%) and Infosys Limited (3.1%). Holdings are disclosed monthly and change over time.
How risky is JM Value Fund?
JM Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.2% and its worst peak-to-trough fall in our sample was -37.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.30 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. JM Value Fund's 0.30 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of JM Value Fund?
JM Value Fund is benchmarked against the BSE 500 TRI. Its alpha and beta on this page are measured against that index.
Who manages JM Value Fund?
JM Value Fund is managed by Ruchi Fozdar, Deepak Gupta, Satish Ramanathan and Asit Bhandarkar at JM Financial.
How is JM Value Fund taxed?
JM Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.