JM Small Cap Fund

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

The JM Small Cap Fund is a 1 yrs 4 m old fund and has delivered average annual returns of 1.48% since inception. JM Small Cap Fund Returns 1-Year Since Inception 0.93% 1.48%

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

The JM Small Cap Fund has an expense ratio of 2.28% , 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 Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹10.1395+0.55% 1 day change	1.48% p.a.	App exclusive #NA View Ranked Funds	₹729 Cr

Historical NAV & returns

NAV: ₹10.1395 as on Oct 20, 2025

This fund Category average

JM Small Cap Fund overview

AUM (Fund size)	₹729 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 180 days.!
Lock-in Period	Nil
Age	1 yrs 4 m since May 27, 2024
Benchmark	NIFTY Smallcap 250 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	2.28% as on Sep 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 Small Cap 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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.81%	1.12%
3 Months	2.4%	0.57%
6 Months	9.48%	11.6%
1 Year	0.93%	2.09%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 14.2%

Small Cap 83.87%

Other Cap 0%

Top holdings

Godfrey Phillips India Ltd.6.6%

CreditAccess Grameen Ltd.3.99%

Amber Enterprises India Ltd.3.91%

Garware Hi-Tech Films Ltd.3.53%

Top sectors

Financial 16.159999999999997%

Services 13.429999999999998%

Healthcare 11.590000000000002%

Capital Goods 11.25%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 0.09%

Allocation by Instruments

Net Receivables 1.83936319%

CBLO 0.0930681%

Other Holdings

Others 1.84%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM Small Cap Fund	0.81%	9.48%	0.93%	N.A.	N.A.	N.A.
Nippon India Small Cap Fund	1.07%	10.31%	0.27%	22.87%	32.7%	20.54%
Bandhan Small Cap Fund	1.91%	13.35%	7.3%	30.71%	30.75%	16.92%
Tata Small Cap Fund	-1.87%	7.64%	-4.39%	19.87%	29.2%	14.7%
Invesco India Smallcap Fund	3.61%	14.33%	8.79%	25.84%	31.13%	15.62%
Quant Small Cap Fund	2.37%	10.46%	0.71%	24.5%	33.7%	19.55%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM Small Cap Fund	N.A.	N.A.	N.A.	N.A.
Nippon India Small Cap Fund	16.46	0.85	0.93	1.3
Bandhan Small Cap Fund	17.88	0.91	1.17	1.84
Tata Small Cap Fund	16.04	0.8	0.83	1.16
Invesco India Smallcap Fund	16.15	0.81	1.04	1.26
Quant Small Cap Fund	17.35	0.87	0.95	1.47

Fund name	ETM Rank	AUM	Fund age	Expense ratio
JM Small Cap Fund	N.A.	729 Cr	1 yrs 4 m	2.28%
Nippon India Small Cap Fund	N.A.	66,136 Cr	15 yrs 1 m	1.4%
Bandhan Small Cap Fund	N.A.	15,738 Cr	5 yrs 8 m	1.65%
Tata Small Cap Fund	N.A.	11,637 Cr	7 yrs	1.67%
Invesco India Smallcap Fund	N.A.	8,055 Cr	7 yrs	1.73%
Quant Small Cap Fund	N.A.	29,288 Cr	29 yrs 1 m	1.59%

View all Small 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 Small Cap Fund in detail with

About this fund

About JM Small Cap Fund

JM Small Cap Fund is a Small Cap mutual fund scheme from Jm Financial Mutual Fund. This fund has been in existence for 1 yrs 4 m, having been launched on 27/05/2024. JM Small Cap Fund has ₹729 Crores worth of assets under management (AUM) as on 30/09/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM Small Cap Fund as of 20/10/2025 is ₹10.14. The fund has an expense ratio of 2.28%, which is higher than what most other Small Cap funds charge.

JM Small Cap Fund returns of last 1-year are -6.07%. Since launch, it has delivered 1.04% average annual returns.
The fund has the majority of its money invested in Financial, Services, Healthcare, Capital Goods, Consumer Staples 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 Godfrey Phillips India Ltd., CreditAccess Grameen Ltd., Amber Enterprises India Ltd., Garware Hi-Tech Films Ltd., Motilal Oswal Financial Services Ltd..

...

Fund AUM	729 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

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.

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.

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.

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 generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies, as defined by SEBI.

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 Flexicap Fund	N.A.	5,990 Cr	-2.43%	25.86%
JM Value Fund	N.A.	1,001 Cr	-2.43%	25.59%
JM ELSS Tax Saver Fund	N.A.	213 Cr	3.11%	22.96%
JM Focused Fund	N.A.	292 Cr	3.12%	20.83%
JM Large Cap Fund	N.A.	485 Cr	0.67%	17.07%
JM Midcap Fund	N.A.	1,426 Cr	3.3%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of JM Small Cap Fund?

The current Net Asset Value (NAV) of the JM Small Cap Fund plan is approximately ₹10.1395 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The JM Small Cap Fund is a 1 yrs 4 m old fund and has delivered average annual returns of 1.48% since inception.

JM Small Cap Fund Returns

1-Year	Since Inception
0.93%	1.48%

How much does this mutual fund charge as expense ratio?

The JM Small Cap Fund has an expense ratio of 2.28%, 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 Small Cap Fund currently has assets under management (AUM) or fund size valued at approximately 729 Cr as on Sep 30, 2025.

What are the top stock holdings of JM Small Cap Fund?

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

Company	Percentage of Portfolio
Godfrey Phillips India Ltd.	6.6%
CreditAccess Grameen Ltd.	3.99%
Amber Enterprises India Ltd.	3.91%
Garware Hi-Tech Films Ltd.	3.53%
Motilal Oswal Financial Services Ltd.	3.17%
Jana Small Finance Bank Ltd.	3.04%
Multi Commodity Exchange Of India Ltd.	2.58%
Restaurant Brands Asia Ltd.	2.54%
Allied Blenders And Distillers Ltd.	2.48%
Onesource Specialty Pharma Ltd.	2.48%

What are the top sectors JM Small Cap Fund has invested in?

The JM Small Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	16.159999999999997%
Services	13.429999999999998%
Healthcare	11.590000000000002%
Capital Goods	11.25%
Consumer Staples	10.55%
Materials	6.540000000000001%
Chemicals	5.49%
Consumer Discretionary	5.0200000000000005%
Technology	4.26%
Construction	3.8%

What is risk level of JM Small Cap Fund?

This is a Small 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 Small Cap Fund?

Redeeming your investments in the JM Small Cap 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 Small Cap

#NA

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