JM Midcap Fund

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

The JM Midcap Fund is a 3 yrs 1 m old fund and has delivered average annual returns of 23.56% since inception. JM Midcap Fund Returns 1-Year 3-Year Since Inception -0.53% 23.79% 23.56%

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

The JM Midcap Fund has an expense ratio of 2.06% , 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 Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹19.1436-0.31% 1 day change	23.56% p.a.	App exclusive #NA View Ranked Funds	₹1,477 Cr

Historical NAV & returns

NAV: ₹19.1436 as on Dec 04, 2025

This fund Category average

JM Midcap Fund overview

AUM (Fund size)	₹1,477 Cr
Exit load	1.0% Exit load of 1% if redeemed within 180 days.!
Lock-in Period	Nil
Age	3 yrs 1 m since Oct 31, 2022
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	2.06% as on Nov 30, 2025
Plan type	Regular
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 Dec 01, 2025

Period	This fund	Category average
1 Month	-1.65%	0.22%
3 Months	1.31%	2.0%
6 Months	4.33%	3.34%
1 Year	-0.53%	0.36%
2 Years	16.99%	15.77%
3 Years	23.79%	19.33%

View returns in detail

Asset allocationas on Oct 31, 2025

Large Cap 4.38%

Mid Cap 66.64%

Small Cap 27.71%

Other Cap 0%

Top holdings

BSE Ltd.4.09%

Godfrey Phillips India Ltd.4.07%

Motilal Oswal Financial Services Ltd.3.0%

JK Cement Ltd.2.92%

Top sectors

Financial 18.380000000000003%

Services 15.379999999999999%

Healthcare 14.14%

Capital Goods 11.99%

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 1.20806173%

Net Receivables 0.06274622%

Other Holdings

Others 0.06%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM Midcap Fund	-1.65%	4.33%	-0.53%	23.79%	N.A.	N.A.
Nippon India Growth Mid Cap Fund	-0.62%	5.04%	3.41%	23.51%	26.04%	18.18%
HDFC Mid Cap Fund	1.09%	8.5%	7.6%	24.83%	26.43%	18.48%
Motilal Oswal Midcap Fund	-0.92%	3.88%	-6.16%	24.95%	29.55%	17.92%
Kotak Midcap Fund	-2.05%	5.47%	1.22%	20.32%	23.37%	17.93%
Edelweiss Mid Cap Fund	0.19%	6.28%	3.71%	24.1%	25.95%	18.39%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM Midcap Fund	16.64	0.99	1.04	1.55
Nippon India Growth Mid Cap Fund	15.5	0.96	1.09	1.62
HDFC Mid Cap Fund	13.85	0.86	1.27	1.8
Motilal Oswal Midcap Fund	17.71	0.92	1.04	1.3
Kotak Midcap Fund	15.08	0.89	0.94	1.18
Edelweiss Mid Cap Fund	15.57	0.95	1.11	1.45

Fund name	ETM Rank	AUM	Fund age	Expense ratio
JM Midcap Fund	N.A.	1,477 Cr	3 yrs 1 m	2.06%
Nippon India Growth Mid Cap Fund	N.A.	41,268 Cr	30 yrs 2 m	1.53%
HDFC Mid Cap Fund	N.A.	89,383 Cr	18 yrs 7 m	1.36%
Motilal Oswal Midcap Fund	N.A.	37,501 Cr	11 yrs 10 m	1.54%
Kotak Midcap Fund	N.A.	60,385 Cr	18 yrs 10 m	1.38%
Edelweiss Mid Cap Fund	N.A.	12,647 Cr	18 yrs 1 m	1.67%

View all Mid Cap funds

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

Alpha	1.77 vs. 5.34 Underperformed at beating benchmark
Sharpe	1.04 vs. 6.28 Poor risk-adjusted returns
Beta	0.99 vs. 0.99 More sensitive to market's ups & downs
Standard deviation	16.64 vs. 13.99 More volatile performance

Compare JM Midcap Fund in detail with

About this fund

About JM Midcap Fund

JM Midcap Fund is a Mid Cap mutual fund scheme from Jm Financial Mutual Fund. This fund has been in existence for 3 yrs 1 m, having been launched on 31/10/2022. JM Midcap Fund has ₹1,477 Crores worth of assets under management (AUM) as on 31/10/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Midcap Fund as of 04/12/2025 is ₹19.14. The fund has an expense ratio of 2.06%, which is higher than what most other Mid Cap funds charge.

JM Midcap Fund returns of last 1-year are -2.47%. Since launch, it has delivered 23.83% average annual returns. The fund has doubled the money invested in it every 3 yrs.
JM Midcap Fund 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, Services, Healthcare, Capital Goods, Automobile sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in BSE Ltd., Godfrey Phillips India Ltd., Motilal Oswal Financial Services Ltd., JK Cement Ltd., Avalon Technologies Ltd..

...

Fund AUM	1,477 Cr as on Oct 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	14,902 Cr as on Sep 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.	1,012 Cr	-5.78%	21.7%
JM Flexicap Fund	N.A.	6,080 Cr	-6.6%	21.48%
JM ELSS Tax Saver Fund	N.A.	224 Cr	1.27%	19.59%
JM Focused Fund	N.A.	310 Cr	-1.26%	16.57%
JM Large Cap Fund	N.A.	487 Cr	-0.46%	15.55%

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 plan is approximately ₹19.1436 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The JM Midcap Fund is a 3 yrs 1 m old fund and has delivered average annual returns of 23.56% since inception.

JM Midcap Fund Returns

1-Year	3-Year	Since Inception
-0.53%	23.79%	23.56%

How much does this mutual fund charge as expense ratio?

The JM Midcap Fund has an expense ratio of 2.06%, 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 1,477 Cr as on Oct 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
BSE Ltd.	4.09%
Godfrey Phillips India Ltd.	4.07%
Motilal Oswal Financial Services Ltd.	3.0%
JK Cement Ltd.	2.92%
Avalon Technologies Ltd.	2.89%
Coforge Ltd.	2.59%
Tube Investments Of India Ltd.	2.56%
Waaree Energies Ltd.	2.44%
Hero Motocorp Ltd.	2.38%
Cummins India Ltd.	2.35%

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	18.380000000000003%
Services	15.379999999999999%
Healthcare	14.14%
Capital Goods	11.99%
Automobile	8.25%
Consumer Staples	6.210000000000001%
Technology	6.14%
Materials	4.71%
Chemicals	3.0300000000000002%
Energy	2.44%

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 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.