JM Focused Fund
- NAV as on 25 Sep 2026
- ₹19.91+0.30%1 day
- Return since launch
- 4.2%
- 52-week range
- ₹16.94 — ₹20.92
- AUM
- ₹293 Cr
JM Focused Fund is a Focused equity fund from JM Financial Mutual Fund with ₹293 Cr under management, launched in 2008. Over three years it has returned 3.8% a year, against 11.3% for its category. The expense ratio is 2.92% and the SEBI riskometer reading is Very High.
Performance
JM Focused Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.3% against +1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.1% | −0.3 pts | 3.4% | 1.8% |
| 2Y | 1.9% | −1.4 pts | 3.3% | 2.3% |
| 3Y | 3.8% | −7.5 pts | 11.3% | 4.6% |
| 5Y | 10.6% | +1.3 pts | 9.3% | 9.1% |
| 7Y | 12.7% | +0.1 pts | 12.7% | 12.0% |
| 10Y | 11.7% | −0.6 pts | 12.3% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.0% | −0.4 pts | -3.7% | -3.5% |
| 3M | 1.3% | +0.7 pts | 0.6% | 0.5% |
| 6M | 14.3% | +2.1 pts | 12.2% | 11.1% |
| 1Y | 1.3% | −2.1 pts | 3.4% | 1.7% |
| 2Y | -3.5% | −1.6 pts | -1.9% | -2.4% |
| 3Y | 10.5% | −0.7 pts | 11.3% | 10.2% |
| 5Y | 10.9% | +1.6 pts | 9.3% | 8.6% |
| 7Y | 11.5% | −2.2 pts | 13.8% | 13.3% |
| 10Y | 10.9% | −1.4 pts | 12.3% | 11.2% |
Since launch (14 Jan 2008): 4.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -1.9% | −8.0 pts | 6.0% |
| 2024 | 24.0% | +3.2 pts | 20.9% |
| 2023 | 32.9% | +5.2 pts | 27.7% |
| 2022 | 7.1% | +4.7 pts | 2.4% |
| 2021 | 16.3% | −16.9 pts | 33.2% |
| 2020 | 6.3% | −11.2 pts | 17.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.85%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.13%
- Transaction charges
- 0.01%
- Statutory levies
- 0.61%
- Exit load
- Exit load of 1%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.37 | 5.04 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.05 | 0.96 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.45 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.60 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.92 | 15.86 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
JM Focused Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.6%
- Debt1.3%
- Other1.1%
Market cap split
- Large47.8%
- Mid29.7%
- Small22.5%
- P/E
- 22.75
- P/B
- 3.91
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Coforge Ltd. | Technology | 5.74% | ₹16.80 Cr | +2.53% | +2.26% | +3.54% |
| IDFC First Bank Ltd. | Financial | 5.06% | ₹14.83 Cr | +4.09% | +4.62% | +3.60% |
| Ujjivan Small Finance Bank Ltd. | Financial | 4.84% | ₹14.17 Cr | +5.21% | +5.68% | +3.66% |
| Bajaj Finance Ltd. | Financial | 4.75% | ₹13.90 Cr | +4.29% | +3.81% | +3.94% |
| Larsen & Toubro Ltd. | Construction | 4.56% | ₹13.35 Cr | +5.05% | +5.76% | +4.90% |
| One97 Communications Ltd. | Services | 4.40% | ₹12.88 Cr | +4.21% | +4.03% | +5.97% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 4.12% | ₹12.08 Cr | +4.93% | +5.03% | +4.89% |
| Samvardhana Motherson International Ltd. | Automobile | 4.08% | ₹11.95 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 3.94% | ₹11.53 Cr | +3.73% | +4.34% | +4.31% |
| Eternal Ltd. | Services | 3.92% | ₹11.48 Cr | +4.14% | +4.17% | +3.83% |
| Titan Company Ltd. | Consumer Discretionary | 3.83% | ₹11.23 Cr | +3.58% | +4.92% | +3.64% |
| Shriram Finance Ltd | Financial | 3.79% | ₹11.10 Cr | +3.40% | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 3.57% | ₹10.45 Cr | — | — | — |
| Ceat Ltd. | Automobile | 3.56% | ₹10.43 Cr | — | — | — |
| Premier Energies Ltd. | Energy | 3.54% | ₹10.36 Cr | +4.19% | — | — |
| Honasa Consumer Ltd. | Consumer Staples | 3.45% | ₹10.10 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 3.42% | ₹10.00 Cr | +1.83% | +1.96% | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 3.25% | ₹9.52 Cr | +4.30% | +3.09% | +3.00% |
| Adani Ports and Special Economic Zone Ltd. | Services | 3.21% | ₹9.40 Cr | +4.14% | +3.03% | +2.46% |
| HDFC Bank Ltd. | Financial | 3.12% | ₹9.15 Cr | +3.87% | +4.78% | +4.51% |
| Nippon Life India Asset Management Ltd. | Financial | 3.02% | ₹8.85 Cr | +2.98% | +2.85% | +2.87% |
| Gravita India Ltd. | Metals & Mining | 2.73% | ₹8.01 Cr | +2.63% | +1.69% | — |
| The Indian Hotels Company Ltd. | Services | 2.65% | ₹7.75 Cr | — | — | — |
| Others | Others | 2.43% | ₹7.11 Cr | +0.80% | +4.80% | +3.17% |
| JSW Energy Ltd. | Capital Goods | 2.31% | ₹6.77 Cr | +3.20% | +2.68% | — |
| Linde India Ltd. | Chemicals | 2.28% | ₹6.66 Cr | +2.70% | +2.45% | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 2.22% | ₹6.49 Cr | +2.54% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.21% | ₹6.48 Cr | +3.55% | +2.39% | +2.33% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Dr. Lal Pathlabs Ltd. | 2.66% | 0.00% | -2.66% |
| One97 Communications Ltd. | 3.49% | 4.40% | +0.91% |
| Others | 0.40% | 1.28% | +0.88% |
| JSW Energy Ltd. | 1.54% | 2.31% | +0.78% |
| Coforge Ltd. | 5.04% | 5.74% | +0.70% |
| Billionbrains Garage Ventures Ltd. | 2.99% | 3.57% | +0.58% |
| Adani Ports and Special Economic Zone Ltd. | 3.76% | 3.21% | -0.55% |
| Bajaj Finance Ltd. | 5.19% | 4.75% | -0.45% |
| Samvardhana Motherson International Ltd. | 3.65% | 4.08% | +0.43% |
| Ujjivan Small Finance Bank Ltd. | 5.21% | 4.84% | -0.37% |
| HDFC Bank Ltd. | 3.49% | 3.12% | -0.37% |
| Amber Enterprises India Ltd. | 4.39% | 4.12% | -0.26% |
| Onesource Specialty Pharma Ltd. | 3.51% | 3.25% | -0.26% |
| Eternal Ltd. | 3.66% | 3.92% | +0.26% |
| Tata Motors Passenger Vehicles Ltd. | 2.47% | 2.22% | -0.25% |
| Gravita India Ltd. | 2.49% | 2.73% | +0.25% |
| Hindustan Aeronautics Ltd. | 2.41% | 2.21% | -0.20% |
| Honasa Consumer Ltd. | 3.27% | 3.45% | +0.18% |
| Premier Energies Ltd. | 3.71% | 3.54% | -0.17% |
| Shriram Finance Ltd | 3.62% | 3.79% | +0.17% |
| Linde India Ltd. | 2.44% | 2.28% | -0.16% |
| Titan Company Ltd. | 3.71% | 3.83% | +0.12% |
| Larsen & Toubro Ltd. | 4.50% | 4.56% | +0.06% |
| Ceat Ltd. | 3.62% | 3.56% | -0.06% |
| The Indian Hotels Company Ltd. | 2.68% | 2.65% | -0.04% |
| Nippon Life India Asset Management Ltd. | 3.03% | 3.02% | -0.01% |
| IDFC First Bank Ltd. | 5.05% | 5.06% | +0.01% |
| Eicher Motors Ltd. | 3.93% | 3.94% | +0.01% |
| Interglobe Aviation Ltd. | 3.42% | 3.42% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹15,674 Cr | 2.10% | 6.9% | 9.2% | 13.7% |
 SBI Focused Fund | ₹51,248 Cr | 1.60% | 7.3% | 11.3% | 13.0% |
 ICICI Prudential Focused Fund | ₹17,949 Cr | 2.15% | -2.5% | 6.9% | 13.4% |
 Invesco India Focused Fund | ₹6,454 Cr | 1.94% | 14.6% | 9.7% | 15.4% |
 Bandhan Focused Fund | ₹2,094 Cr | 2.22% | 10.6% | 9.2% | 12.9% |
 ITI Focused Fund | ₹629 Cr | 2.59% | 4.5% | 8.7% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation/income by investing in equity and equity related instruments across market capitalization of up to 30 companies.
Fund managers
- Asit BhandarkarMr. 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 FozdarMs. Ruchi is a graduate in science and PGDBM in financePrior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
- Satish RamanathanMr. 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.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months14.25% absolute | ₹60,000 | ₹68,550 | 14.25% | |
| 1 year1.33% annualised | ₹1,20,000 | ₹1,20,868 | 0.72% | |
| 3 years10.54% annualised | ₹3,60,000 | ₹4,24,966 | 18.05% | |
| 5 years10.90% annualised | ₹6,00,000 | ₹8,00,272 | 33.38% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.