JM Midcap Fund Direct - Growth

Q: What are the returns of JM Midcap Fund?

The JM Midcap Fund is a 2 yrs 8 m old fund and has delivered average annual returns of 30.59% since inception. JM Midcap Fund Returns 1-Year Since Inception 1.71% 30.59%

Q: How much does JM Midcap Fund charge as the expense ratio?

The JM Midcap Fund - Direct Growth has an expense ratio of 0.45% , which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹20.452+0.22% 1 day change	30.59% p.a.	#NA View Ranked Funds	₹1,396 Cr

Historical NAV & returns

NAV: ₹20.452 as on Jul 21, 2025

This fund Category average

JM Midcap Fund overview

Expense ratio	0.45% as on May 31, 2025
Exit load	1.0% Exit load of 1% if redeemed within 180 days.!
AUM (Fund size)	₹1,396 Cr
Lock-in Period	Nil
Age	2 yrs 8 m since Oct 31, 2022
Benchmark	NIFTY Midcap 150 TRI
Min. investment	This scheme is currently not buyable
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 Jun 12, 2025

Period	This fund	Category average
1 Month	2.35%	1.09%
3 Months	8.68%	10.49%
6 Months	9.89%	11.6%
1 Year	1.71%	6.27%
2 Years	30.41%	27.2%

View returns in detail

Asset allocationas on May 31, 2025

Large Cap 5.34%

Mid Cap 71.59%

Small Cap 21.35%

Other Cap 0%

Top holdings

Godfrey Phillips India Ltd.4.26%

Bharat Heavy Electricals Ltd.3.72%

JK Cement Ltd.3.54%

Hindustan Petroleum Corporation Ltd.3.0%

Top sectors

Financial 19.59%

Capital Goods 18.71%

Healthcare 16.41%

Services 11.14%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Reverse Repo 1.24723191%

Net Receivables 0.47147481%

Other Holdings

Others 1.25%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
JM Midcap Fund	N.A.	1,396 Cr	2 yrs 8 m	0.45%
Motilal Oswal Midcap Fund	N.A.	30,401 Cr	11 yrs 5 m	0.7%
Nippon India Growth Mid Cap Fund	N.A.	36,836 Cr	12 yrs 6 m	0.72%
HDFC Mid Cap Fund	N.A.	79,718 Cr	12 yrs 6 m	0.77%
Kotak Midcap Fund	N.A.	53,464 Cr	12 yrs 6 m	0.42%
Edelweiss Mid Cap Fund	N.A.	10,028 Cr	12 yrs 6 m	0.4%

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM Midcap Fund	2.35%	9.89%	1.71%	N.A.	N.A.	N.A.
Motilal Oswal Midcap Fund	0.68%	9.38%	8.0%	32.43%	37.28%	18.64%
Nippon India Growth Mid Cap Fund	0.3%	11.83%	7.49%	28.82%	32.78%	18.23%
HDFC Mid Cap Fund	2.05%	11.97%	8.35%	30.22%	33.1%	18.8%
Kotak Midcap Fund	1.45%	12.72%	7.85%	25.76%	31.4%	19.23%
Edelweiss Mid Cap Fund	-0.32%	11.56%	11.52%	29.37%	33.91%	19.11%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM Midcap Fund	N.A.	N.A.	N.A.	N.A.
Motilal Oswal Midcap Fund	17.94	0.9	1.5	1.76
Nippon India Growth Mid Cap Fund	15.86	0.95	1.49	2.1
HDFC Mid Cap Fund	14.62	0.87	1.66	2.26
Kotak Midcap Fund	15.95	0.92	1.31	1.68
Edelweiss Mid Cap Fund	16.19	0.95	1.52	2.0

View all Mid Cap funds

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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare JM Midcap Fund in detail with

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 2 yrs 8 m, having been launched on 31/10/2022. JM Midcap Fund Direct - Growth has ₹1,396 Crores worth of assets under management (AUM) as on 31/05/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Midcap Fund Direct - Growth as of 21/07/2025 is ₹20.45. The fund has an expense ratio of 0.45%, which is less than what most other Mid Cap funds charge.

JM Midcap Fund Direct - Growth returns of last 1-year are 2.67%. Since launch, it has delivered 30.79% average annual returns. The fund has doubled the money invested in it every 3 yrs.
The fund has the majority of its money invested in Financial, Capital Goods, Healthcare, Services, Consumer Staples sectors. It has taken less exposure in Financial, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in Godfrey Phillips India Ltd., Bharat Heavy Electricals Ltd., JK Cement Ltd., Hindustan Petroleum Corporation Ltd., Jubilant FoodWorks Ltd..

...

Fund AUM	1,396 Cr as on May 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	15 view all schemes
Total AUM	13,969 Cr as on Jun 30, 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 Value Fund	N.A.	1,089 Cr	-2.68%	28.24%
JM Flexicap Fund	N.A.	5,917 Cr	-5.14%	27.04%
JM ELSS Tax Saver Fund	N.A.	199 Cr	1.64%	25.46%
JM Focused Fund	N.A.	279 Cr	-0.75%	21.36%
JM Large Cap Fund	N.A.	526 Cr	-4.45%	18.62%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of JM Midcap Fund?

The current Net Asset Value (NAV) of the JM Midcap Fund - Direct Growth plan is approximately ₹20.452 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The JM Midcap Fund is a 2 yrs 8 m old fund and has delivered average annual returns of 30.59% since inception.

JM Midcap Fund Returns

1-Year	Since Inception
1.71%	30.59%

How much does this mutual fund charge as expense ratio?

The JM Midcap Fund - Direct Growth has an expense ratio of 0.45%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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 1,396 Cr as on May 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
Godfrey Phillips India Ltd.	4.26%
Bharat Heavy Electricals Ltd.	3.72%
JK Cement Ltd.	3.54%
Hindustan Petroleum Corporation Ltd.	3.0%
Jubilant FoodWorks Ltd.	2.99%
Motilal Oswal Financial Services Ltd.	2.92%
Aurobindo Pharma Ltd.	2.91%
Arvind Ltd.	2.65%
HDFC Asset Management Company Ltd.	2.64%
Bank of Maharashtra	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	19.59%
Capital Goods	18.71%
Healthcare	16.41%
Services	11.14%
Consumer Staples	6.789999999999999%
Materials	5.24%
Energy	4.76%
Automobile	3.02%
Technology	2.91%
Textiles	2.65%

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?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in JM Midcap Fund is complete.

How can I redeem my investments in JM Midcap Fund?

Redeeming your investments in JM Midcap Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

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

ET Money rank

in Mid Cap

#NA

Return Outperformance: This fund has generated highest return amongst Mid Cap funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1% if redeemed within 180 days.