JM Midcap Fund Direct - Growth

Q: What are the returns of this mutual fund scheme?

The JM Midcap Fund Direct - Growth is a 3 yrs 3 m old fund and has delivered average annual returns of 21.68% since inception. JM Midcap Fund Direct - Growth Returns 1-Year 3-Year Since Inception 2.38% 24.81% 21.68%

Q: How much does this mutual fund charge as expense ratio?

The JM Midcap Fund - Direct Growth has an expense ratio of 0.67% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹18.7914-1.43% 1 day change	21.68% p.a.	App exclusive #NA View Ranked Funds	₹1,178 Cr

Historical NAV & returns

NAV: ₹18.7914 as on Feb 02, 2026

This fund Category average

JM Midcap Fund overview

Expense ratio	0.67% as on Feb 02, 2026
Exit load	1.0% Exit load of 1% if redeemed within 180 days.!
AUM (Fund size)	₹1,178 Cr
Lock-in Period	Nil
Age	3 yrs 3 m since Oct 31, 2022
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

JM Midcap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-6.05%	-5.32%
3 Months	-9.54%	-6.06%
6 Months	-5.98%	-1.6%
1 Year	2.38%	7.78%
2 Years	8.84%	10.87%
3 Years	24.81%	21.34%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 5.35%

Mid Cap 65.48%

Small Cap 24.03%

Other Cap 0%

Top holdings

Mahindra & Mahindra Financial Services Ltd.4.74%

Godfrey Phillips India Ltd.4.46%

JK Cement Ltd.3.49%

Coforge Ltd.3.46%

Top sectors

Financial 19.610000000000003%

Healthcare 14.34%

Automobile 11.98%

Services 9.709999999999999%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 3.01%

Allocation by Instruments

CBLO 3.01172736%

Net Receivables 2.12883774%

Other Holdings

Others 2.13%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM Midcap Fund	-6.05%	-5.98%	2.38%	24.81%	N.A.	N.A.
HDFC Mid Cap Fund	-3.42%	3.25%	13.4%	25.92%	24.19%	19.89%
Nippon India Growth Mid Cap Fund	-4.17%	0.71%	10.98%	25.7%	23.3%	19.94%
Motilal Oswal Midcap Fund	-7.8%	-10.58%	-4.17%	23.28%	25.54%	18.22%
Edelweiss Mid Cap Fund	-4.66%	1.31%	10.91%	26.68%	23.68%	20.4%
Kotak Midcap Fund	-5.0%	-2.91%	9.46%	21.86%	21.13%	19.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM Midcap Fund	17.11	1.01	1.04	1.55
HDFC Mid Cap Fund	13.88	0.85	1.31	1.87
Nippon India Growth Mid Cap Fund	15.42	0.95	1.18	1.74
Motilal Oswal Midcap Fund	18.56	0.96	0.92	1.15
Edelweiss Mid Cap Fund	15.41	0.93	1.27	1.64
Kotak Midcap Fund	15.18	0.89	1.0	1.25

Fund name	ETM Rank	AUM	Fund age	Expense ratio
JM Midcap Fund	N.A.	1,178 Cr	3 yrs 3 m	0.67%
HDFC Mid Cap Fund	N.A.	92,642 Cr	13 yrs 1 m	0.74%
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	13 yrs 1 m	0.74%
Motilal Oswal Midcap Fund	N.A.	36,880 Cr	12 yrs	0.76%
Edelweiss Mid Cap Fund	N.A.	13,650 Cr	13 yrs 1 m	0.42%
Kotak Midcap Fund	N.A.	60,637 Cr	13 yrs 1 m	0.38%

View all Mid Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.06 vs. 6.75 Underperformed at beating benchmark
Sharpe	1.04 vs. 6.89 Poor risk-adjusted returns
Beta	1.01 vs. 1.05 Less sensitive to market ups & downs
Standard deviation	17.11 vs. 14.58 More volatile performance

About this fund

About JM Midcap Fund

JM Midcap Fund Direct - Growth is a Mid Cap mutual fund scheme from Jm Financial Mutual Fund. This fund has been in existence for 3 yrs 3 m, having been launched on 31/10/2022. JM Midcap Fund Direct - Growth has ₹1,178 Crores worth of assets under management (AUM) as on 31/12/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Midcap Fund Direct - Growth as of 02/02/2026 is ₹18.79. The fund has an expense ratio of 0.67%, which is close to what most other Mid Cap funds charge.

JM Midcap Fund Direct - Growth returns of last 1-year are 1.06%. Since launch, it has delivered 21.77% average annual returns.
JM Midcap Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund has the majority of its money invested in Financial, Healthcare, Automobile, Services, Consumer Staples sectors. It has taken less exposure in Financial, Healthcare sectors compared to other funds in the category.
The fund's top 5 holdings are in Mahindra & Mahindra Financial Services Ltd., Godfrey Phillips India Ltd., JK Cement Ltd., Coforge Ltd., Hero Motocorp Ltd..

...

Fund AUM	1,178 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Satish Ramanathan

Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA. 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.

Chaitanya Choksi

Mr. Choksi is a MMS (Finance) and CFA. Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.

Asit Bhandarkar

Mr. Bhandarkar is a B.Com (H) and MMS. Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.

Ruchi Fozdar

Ms. Ruchi is a graduate in science and PGDBM in finance 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

Investment objective

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.

JM Financial Mutual Fund details

No. of schemes	16 view all schemes
Total AUM	14,344 Cr as on Dec 31, 2025
Address	Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai, 400025
Phone	022-33797777 / 1800-103-8345

More funds from JM Financial Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
JM Flexicap Fund	N.A.	5,463 Cr	-3.21%	18.26%
JM Value Fund	N.A.	957 Cr	-1.45%	17.88%
JM ELSS Tax Saver Fund	N.A.	226 Cr	3.25%	16.34%
JM Focused Fund	N.A.	299 Cr	0.73%	14.06%
JM Large Cap Fund	N.A.	464 Cr	5.49%	13.95%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of JM Midcap Fund Direct - Growth?

The current Net Asset Value (NAV) of the JM Midcap Fund - Direct Growth plan is approximately ₹18.7914 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The JM Midcap Fund Direct - Growth is a 3 yrs 3 m old fund and has delivered average annual returns of 21.68% since inception.

JM Midcap Fund Direct - Growth Returns

1-Year	3-Year	Since Inception
2.38%	24.81%	21.68%

How much does this mutual fund charge as expense ratio?

The JM Midcap Fund - Direct Growth has an expense ratio of 0.67%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The JM Midcap Fund currently has assets under management (AUM) or fund size valued at approximately 1,178 Cr as on Dec 31, 2025.

What are the top stock holdings of JM Midcap Fund?

The JM Midcap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Mahindra & Mahindra Financial Services Ltd.	4.74%
Godfrey Phillips India Ltd.	4.46%
JK Cement Ltd.	3.49%
Coforge Ltd.	3.46%
Hero Motocorp Ltd.	3.43%
Glenmark Pharmaceuticals Ltd.	3.11%
Tube Investments Of India Ltd.	2.77%
Jubilant FoodWorks Ltd.	2.69%
Marico Ltd.	2.66%
Indian Bank	2.63%

What are the top sectors JM Midcap Fund has invested in?

The JM Midcap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	19.610000000000003%
Healthcare	14.34%
Automobile	11.98%
Services	9.709999999999999%
Consumer Staples	7.12%
Capital Goods	6.91%
Chemicals	6.31%
Technology	5.81%
Materials	5.48%
Textiles	1.88%

What is risk level of JM Midcap Fund?

This is a Mid Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in JM Midcap Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for JM Midcap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the JM Midcap Fund is complete.

How can I redeem my investments in JM Midcap Fund?

Redeeming your investments in the JM Midcap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Mid Cap

#NA

Return Outperformance: This fund has generated highest return amongst Mid Cap funds in the last 3 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1% if redeemed within 180 days.