EquityLarge & Mid Cap FundDirectGrowthVery High

JM Large & Mid Cap Fund

Q: What is the NAV of JM Large & Mid Cap Fund?

As of 05 Oct 2026, the NAV of JM Large & Mid Cap Fund is ₹10.40 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has JM Large & Mid Cap Fund delivered?

JM Large & Mid Cap Fund has returned +2.08% over 1 year and +2.85% 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.

Q: What is the expense ratio of JM Large & Mid Cap Fund?

JM Large & Mid Cap Fund charges an expense ratio of 1.04% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of JM Large & Mid Cap Fund?

JM Large & Mid Cap Fund's largest holdings are ICICI Bank Limited (3.5%), Bajaj Finance Limited (2.7%), One 97 Communications Limited (2.6%), HDFC Bank Limited (2.6%) and Coforge Limited (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is JM Large & Mid Cap Fund?

JM Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -15.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of JM Large & Mid Cap Fund?

JM Large & Mid Cap Fund is benchmarked against the Nifty Large Midcap 250 TRI (Total Return Index). Its alpha and beta on this page are measured against that index.

Q: Who manages JM Large & Mid Cap Fund?

JM Large & Mid Cap Fund is managed by Asit Bhandarkar, Deepak Gupta and Ruchi Fozdar at JM Financial.

Q: How is JM Large & Mid Cap Fund taxed?

JM Large & Mid Cap 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.

JM Financial Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹10.40

+0.78% 1D

as of 05 Oct 2026

This is the Direct plan of JM Large & Mid Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+0.93%absolute

52-week rangePrev NAV ₹10.32

Latest ₹10.40

Low ₹9.0765th percentile of its 52-week rangeHigh ₹11.11

Scorecard

★★★★☆4/5 vs 33 of 35 Large & Mid Cap Fund peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How 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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Large & Mid Cap Fund (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 33 of the 35 Large & Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Large & Mid Cap Fund peers to rank yet

RiskModerate

Volatility 14.4% vs 14.7% category avg

CostLow

1.0% expense vs 1.2% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Large & Mid Cap Fund average on 3M/6M/1Y — 1Y by 1.74pp
Low expense ratio (1.04%) vs the Large & Mid Cap Fund average of 1.18%

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.04%

Category 1.18%▼0.14%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

32.43

Category 27.86▲4.57

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.42

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 180 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 180 days from the date of allotment. No Entry / Exit Load shall be levied on units allotted on Reinvestment of Income Distribution cum Capital Withdrawal Option In respect of Systematic Transactions such as SIP, STP, SWP, Exit Load, if any, prevailing on the date of registration / enrolment for SIP/STP/SWP shall be levied for all the opted Installments.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty Large Midcap 250 TRI (Total Return Index)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

30 Jul 2025

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.38%

Absolute return over the last 3 months (not annualized)

-2.19%

Absolute return over the last 6 months (not annualized)

+12.84%

Absolute return since 1 Jan of this year (not annualized)

-0.71%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+2.08%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+2.85%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.37%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-15.48%

Benchmark ratios (vs Nifty Midcap 150 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150 TRI

—

Sensitivity to Nifty Midcap 150 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty Midcap 150 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty Midcap 150 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large & Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.38%	-5.19%	-0.19%
3M abs	-2.19%	-3.67%	+1.48%
6M abs	+12.84%	+9.52%	+3.32%
1Y CAGR	+2.08%	+0.34%	+1.74%
3Y CAGR	—	+13.01%	—
5Y CAGR	—	+11.63%	—

Category average across peers in Large & Mid Cap Fund (up to 35 funds with data), 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.

Category rank

Vs 35 peers in Large & Mid Cap Fund

1Y return

+2.08%

Beats 68.8% · rank #11

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.21L

Absolute

+0.63%

XIRR

+1.37%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into JM Large & Mid Cap 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 Midcap 150 TRI	Diff
2026part	-0.71%	-1.81%	+1.10%
2025part	+4.11%	—	—

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.

History points

289

Expense ratio

1.04%

AUM

₹399.47Cr

Portfolio turnover

67%

Exit load

P/E ratio

32.4

P/B ratio

6.0

Avg market cap

₹2,56,682Cr

P/E & P/B are portfolio-weighted harmonic means across 55 of 64 equity holdings (87% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Large & Mid Cap Fund

Compare all


JM Large & Mid Cap FundThis fund JM Financial · Direct · Growth	★★★★☆ 1Y	+2.08%	—	—	32.43	1.04%	—
Invesco India Large & Mid Cap Fund Invesco · Direct · Growth	★★★★★	+6.12%	+21.40%	+15.88%	42.81	0.79%	—
Motilal Oswal Large and Midcap Fund Motilal Oswal · Direct · Growth	★★★★☆	+5.62%	+21.20%	+18.26%	38.81	0.89%	₹17,050Cr
HSBC Large & Mid Cap Fund HSBC · Direct · Growth	★★★☆☆	+7.65%	+16.77%	+13.52%	31.22	1.34%	—
Bandhan Large & Mid Cap Fund Bandhan · Direct · Growth	★★★★★	+1.38%	+16.67%	+15.58%	19.23	1.15%	—
Quant Large & Mid Cap Fund quant · Direct · Growth	★★★☆☆	+7.99%	+14.58%	+14.54%	32.31	1.21%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 98% of the equity sleeve priced.

Large cap47.5%
Mid cap39.9%
Small cap12.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.37%
Cash & Equivalents1.63%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
JM ELSS - Tax Saver Fund JM Financial · ELSS	45.1%	★★★☆☆	1.34%	+15.77%
JM Large Cap Fund JM Financial · Large Cap Fund	44.1%	★★☆☆☆	1.19%	+9.54%
Mahindra Manulife Innovation Opportunities Fund Mahindra Manulife · Sectoral/ Thematic	43.5%	—	0.98%	—
Union Large & Midcap Fund Union · Large & Mid Cap Fund	42.8%	★★★☆☆	1.31%	+12.40%
Mahindra Manulife Large & Mid Cap Fund Mahindra Manulife · Large & Mid Cap Fund	41.9%	★★★☆☆	0.83%	+11.01%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	41.8%	★★★☆☆	0.69%	+10.64%
Axis Large & Mid Cap Fund Axis · Large & Mid Cap Fund	41.1%	★★★★★	0.83%	+13.98%
JM Aggressive Hybrid Fund JM Financial · Aggressive Hybrid Fund	40.8% of 78% equity	★★★☆☆	1.16%	+11.93%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 2.68% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I1.44%
Sansera Engineering LimitedLong-term · Stage I1.24%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-15.5%17 Nov 2025 → 31 Mar 2026
Fell over 4 months, back to the old high on 29 Jul 2026 — 4 months under water after the low.
-7.1%31 Aug 2026 → 01 Oct 2026
Still below that high — 31 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

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.

Launched

14 Sep 1994

Total AUM

₹13,205Cr-0.1% QoQ

Avg AUM · April - June 2026

Website

jmfinancialmf.com

Fund Managers

ABAsit BhandarkarManaging since 25 Jul 2025

Role

Senior Fund Manager - Equity

Education

B.Com., MMS B-Tech, MBA

Experience

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

Funds managed (8)

All schemes Asit Bhandarkar runs →

DGDeepak GuptaManaging since 25 Jul 2025

Role

Head of Research & Senior Fund Manager Equity

Education

Chartered Accountant and Masters of Commerce from Mumbai University

Experience

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.

Funds managed (9)

All schemes Deepak Gupta runs →

RFRuchi FozdarManaging since 25 Jul 2025

Role

Fund Manager Debt

Education

BSC- Organic PGDBM Finance

Experience

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.

Funds managed (14)

All schemes Ruchi Fozdar runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Fund managers

Asit Bhandarkar Deepak Gupta Ruchi Fozdar

Top holdings

ICICI Bank Limited Bajaj Finance Limited One 97 Communications Limited HDFC Bank Limited Coforge Limited State Bank of India Torrent Pharmaceuticals Limited Shriram Finance Limited Bharti Airtel Limited Radico Khaitan Limited LG Electronics India Limited Dixon Technologies (India) Limited

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.

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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 Large & Mid Cap funds

Large & mid cap funds keep at least 35% each in large-cap and mid-cap stocks. They aim to blend the stability of big companies with the higher growth — and higher swings — of mid caps.

Frequently asked questions

What is the NAV of JM Large & Mid Cap Fund?

As of 05 Oct 2026, the NAV of JM Large & Mid Cap Fund is ₹10.40 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has JM Large & Mid Cap Fund delivered?

JM Large & Mid Cap Fund has returned +2.08% over 1 year and +2.85% 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 Large & Mid Cap Fund?

JM Large & Mid Cap Fund charges an expense ratio of 1.04% 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 Large & Mid Cap Fund?

JM Large & Mid Cap Fund's largest holdings are ICICI Bank Limited (3.5%), Bajaj Finance Limited (2.7%), One 97 Communications Limited (2.6%), HDFC Bank Limited (2.6%) and Coforge Limited (2.4%). Holdings are disclosed monthly and change over time.

How risky is JM Large & Mid Cap Fund?

JM Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -15.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of JM Large & Mid Cap Fund?

JM Large & Mid Cap Fund is benchmarked against the Nifty Large Midcap 250 TRI (Total Return Index). Its alpha and beta on this page are measured against that index.

Who manages JM Large & Mid Cap Fund?

JM Large & Mid Cap Fund is managed by Asit Bhandarkar, Deepak Gupta and Ruchi Fozdar at JM Financial.

How is JM Large & Mid Cap Fund taxed?

JM Large & Mid Cap 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.