JM Large & Mid Cap Fund
Large & MidCapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹10.75+0.71%1 day
- Return since launch
- 4.8%
- 52-week range
- ₹8.96 — ₹10.90
- AUM
- ₹448 Cr
JM Large & Mid Cap Fund is a Large & MidCap equity fund from JM Financial Mutual Fund with ₹448 Cr under management, launched in 2025. The expense ratio is 2.72% and the SEBI riskometer reading is Very High.
Performance
JM Large & Mid Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.1% against -1.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 9.6% | +7.2 pts | 2.4% | 4.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.6% | −0.4 pts | 6.0% | 6.1% |
| 3M | -1.2% | +0.1 pts | -1.2% | -1.5% |
| 6M | 6.9% | +2.3 pts | 4.6% | 3.7% |
| 1Y | 2.7% | +0.3 pts | 2.4% | -1.1% |
Since launch (4 Jul 2025): 4.8%
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
2.72%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.08%
- Transaction charges
- 0.01%
- Statutory levies
- 0.53%
- Exit load
- Exit load of 1%, if redeemed within 180 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Large Midcap 250 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.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
JM Large & Mid Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.9%
- Other2.1%
Market cap split
- Large40.9%
- Mid40.9%
- Small18.2%
- P/E
- 33.02
- P/B
- 4.00
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 3.28% | ₹14.67 Cr | +3.51% | +3.88% | +4.76% |
| One 97 Communications Ltd. | Services | 2.67% | ₹11.94 Cr | +2.02% | +1.77% | +2.35% |
| HDFC Bank Ltd. | Financial | 2.66% | ₹11.91 Cr | +3.08% | +3.32% | +4.23% |
| Bajaj Finance Ltd. | Financial | 2.51% | ₹11.22 Cr | +2.70% | +2.53% | +2.88% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.21% | ₹9.89 Cr | +2.19% | +2.35% | +1.68% |
| Bharti Airtel Ltd. | Communication | 2.18% | ₹9.75 Cr | +2.36% | +3.18% | +3.68% |
| LG Electronics India Ltd. | Consumer Discretionary | 2.17% | ₹9.70 Cr | +2.01% | +2.66% | — |
| State Bank of India | Financial | 2.14% | ₹9.60 Cr | +1.93% | +2.17% | +1.61% |
| Others | Others | 2.11% | ₹9.45 Cr | +1.74% | +2.75% | +3.57% |
| Radico Khaitan Ltd. | Consumer Staples | 2.10% | ₹9.41 Cr | +1.95% | +1.55% | +1.80% |
| Shriram Finance Ltd | Financial | 2.02% | ₹9.04 Cr | +2.20% | +1.95% | +1.81% |
| GE Vernova T&D India Ltd | Capital Goods | 1.91% | ₹8.55 Cr | +2.05% | +1.27% | +1.38% |
| Reliance Industries Ltd. | Energy | 1.89% | ₹8.48 Cr | +2.34% | +3.50% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.86% | ₹8.32 Cr | +1.46% | +1.16% | +1.31% |
| Navin Fluorine International Ltd. | Chemicals | 1.84% | ₹8.22 Cr | +1.08% | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.82% | ₹8.13 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 1.82% | ₹8.13 Cr | +1.57% | +2.34% | +3.01% |
| Max Financial Services Ltd. | Financial | 1.81% | ₹8.10 Cr | +2.15% | +2.38% | +1.72% |
| IDFC First Bank Ltd. | Financial | 1.80% | ₹8.06 Cr | +1.62% | +1.89% | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.77% | ₹7.94 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.75% | ₹7.85 Cr | +1.34% | +1.43% | — |
| BSE Ltd. | Services | 1.72% | ₹7.71 Cr | +1.94% | +2.00% | +1.79% |
| JSW Energy Ltd. | Capital Goods | 1.70% | ₹7.62 Cr | +2.06% | +1.96% | +1.50% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.63% | ₹7.32 Cr | +1.15% | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 1.63% | ₹7.31 Cr | +1.35% | +1.05% | +1.46% |
| Marico Ltd. | Consumer Staples | 1.63% | ₹7.31 Cr | +1.79% | +1.46% | +1.52% |
| Mahindra & Mahindra Ltd. | Automobile | 1.61% | ₹7.20 Cr | +1.72% | +1.95% | +1.62% |
| Jindal Steel Ltd. | Metals & Mining | 1.57% | ₹7.01 Cr | +1.50% | +2.13% | — |
| Sansera Engineering Ltd. | Automobile | 1.55% | ₹6.94 Cr | +0.51% | — | — |
| WeWork India Management Ltd. | Services | 1.54% | ₹6.91 Cr | +1.66% | +1.10% | — |
| UNO Minda Ltd. | Automobile | 1.53% | ₹6.84 Cr | +1.76% | +0.98% | — |
| Tech Mahindra Ltd. | Technology | 1.52% | ₹6.83 Cr | +1.24% | +1.17% | +1.30% |
| Eternal Ltd. | Services | 1.52% | ₹6.82 Cr | +1.29% | +1.32% | +1.45% |
| TVS Motor Company Ltd. | Automobile | 1.48% | ₹6.61 Cr | +1.28% | +1.46% | +2.14% |
| Mankind Pharma Ltd. | Healthcare | 1.42% | ₹6.38 Cr | — | — | — |
| Fortis Healthcare Ltd. | Healthcare | 1.38% | ₹6.16 Cr | +2.64% | +2.58% | +1.97% |
| Larsen & Toubro Ltd. | Construction | 1.37% | ₹6.13 Cr | +1.55% | +1.54% | +1.77% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 1.33% | ₹5.98 Cr | — | — | — |
| Zydus Lifesciences Ltd. | Healthcare | 1.32% | ₹5.93 Cr | — | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.31% | ₹5.88 Cr | +1.47% | +1.06% | +1.59% |
| E2E Networks Ltd. | Technology | 1.30% | ₹5.81 Cr | — | — | — |
| Vishal Mega Mart Ltd. | Services | 1.30% | ₹5.81 Cr | +1.56% | — | — |
| CarTrade Tech Ltd. | Services | 1.29% | ₹5.79 Cr | +1.21% | +0.87% | +1.45% |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.26% | ₹5.66 Cr | +1.53% | +1.50% | +1.50% |
| The Indian Hotels Company Ltd. | Services | 1.25% | ₹5.61 Cr | +1.03% | — | — |
| Interglobe Aviation Ltd. | Services | 1.24% | ₹5.56 Cr | +1.84% | +1.59% | +1.66% |
| K.P.R. Mill Ltd. | Textiles | 1.23% | ₹5.52 Cr | +1.35% | +1.12% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.19% | ₹5.33 Cr | +1.30% | +1.49% | +1.65% |
| Hindustan Zinc Ltd. | Metals & Mining | 1.15% | ₹5.16 Cr | +1.43% | — | — |
| City Union Bank Ltd. | Financial | 1.12% | ₹5.00 Cr | +1.27% | — | — |
| Piramal Finance Ltd. | Financial | 1.08% | ₹4.84 Cr | — | — | — |
| JSW Infrastructure Ltd. | Services | 1.08% | ₹4.84 Cr | +1.23% | — | — |
| Craftsman Automation Ltd. | Automobile | 1.07% | ₹4.79 Cr | +1.00% | — | — |
| EPL Ltd. | Materials | 1.06% | ₹4.74 Cr | — | — | — |
| Supreme Industries Ltd. | Materials | 1.00% | ₹4.49 Cr | — | — | — |
| Belrise Industries Ltd. | Automobile | 0.98% | ₹4.37 Cr | — | — | — |
| Honeywell Automation India Ltd. | Capital Goods | 0.97% | ₹4.33 Cr | +0.49% | — | — |
| Graphite India Ltd. | Capital Goods | 0.96% | ₹4.29 Cr | — | — | — |
| Premier Energies Ltd. | Energy | 0.95% | ₹4.26 Cr | +0.97% | — | — |
| Ashok Leyland Ltd. | Automobile | 0.93% | ₹4.16 Cr | +0.98% | — | — |
| The India Cements Ltd. | Materials | 0.91% | ₹4.08 Cr | +1.17% | +1.26% | +1.54% |
| PB Fintech Ltd. | Services | 0.85% | ₹3.79 Cr | +1.33% | +1.37% | +1.80% |
| Maruti Suzuki India Ltd. | Automobile | 0.80% | ₹3.59 Cr | +0.97% | +1.00% | +1.43% |
| LEAP India Ltd. | Services | 0.77% | ₹3.47 Cr | — | — | — |
| Lumino Industries Ltd. | Capital Goods | 0.70% | ₹3.12 Cr | — | — | — |
| Bosch Home Comfort India Ltd. | Consumer Discretionary | 0.50% | ₹2.22 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Coforge Ltd. | 2.38% | 0.00% | -2.38% |
| Others | 1.44% | -0.51% | -1.95% |
| Kotak Mahindra Bank Ltd. | 0.00% | 1.82% | +1.82% |
| E2E Networks Ltd. | 0.00% | 1.30% | +1.30% |
| EPL Ltd. | 0.00% | 1.06% | +1.06% |
| Graphite India Ltd. | 0.00% | 0.96% | +0.96% |
| Ultratech Cement Ltd. | 0.84% | 0.00% | -0.84% |
| Diamond Power Infrastructure Ltd. | 0.82% | 0.00% | -0.82% |
| PB Fintech Ltd. | 1.44% | 0.85% | -0.59% |
| Sansera Engineering Ltd. | 1.24% | 1.55% | +0.31% |
| Mahindra & Mahindra Financial Services Ltd. | 1.48% | 1.75% | +0.27% |
| ICICI Bank Ltd. | 3.47% | 3.28% | -0.20% |
| Billionbrains Garage Ventures Ltd. | 1.44% | 1.63% | +0.20% |
| City Union Bank Ltd. | 1.31% | 1.12% | -0.19% |
| Max Financial Services Ltd. | 2.00% | 1.81% | -0.19% |
| Fortis Healthcare Ltd. | 1.56% | 1.38% | -0.19% |
| Adani Ports and Special Economic Zone Ltd. | 1.08% | 1.26% | +0.18% |
| Shriram Finance Ltd | 2.20% | 2.02% | -0.18% |
| BSE Ltd. | 1.55% | 1.72% | +0.17% |
| Dixon Technologies (India) Ltd. | 2.03% | 1.86% | -0.17% |
| The India Cements Ltd. | 1.08% | 0.91% | -0.17% |
| Lumino Industries Ltd. | 0.54% | 0.70% | +0.16% |
| Bajaj Finance Ltd. | 2.66% | 2.51% | -0.16% |
| IDFC First Bank Ltd. | 1.65% | 1.80% | +0.15% |
| Premier Energies Ltd. | 1.09% | 0.95% | -0.14% |
| State Bank of India | 2.28% | 2.14% | -0.14% |
| LEAP India Ltd. | 0.91% | 0.77% | -0.14% |
| Mahindra & Mahindra Ltd. | 1.72% | 1.61% | -0.12% |
| LG Electronics India Ltd. | 2.06% | 2.17% | +0.11% |
| Mankind Pharma Ltd. | 1.33% | 1.42% | +0.10% |
| HDFC Bank Ltd. | 2.56% | 2.66% | +0.09% |
| Piramal Finance Ltd. | 1.17% | 1.08% | -0.09% |
| Ashok Leyland Ltd. | 1.02% | 0.93% | -0.09% |
| JSW Infrastructure Ltd. | 0.99% | 1.08% | +0.09% |
| Aster DM Quality Care Ltd. | 1.85% | 1.77% | -0.08% |
| UNO Minda Ltd. | 1.61% | 1.53% | -0.08% |
| Maruti Suzuki India Ltd. | 0.88% | 0.80% | -0.07% |
| Vishal Mega Mart Ltd. | 1.37% | 1.30% | -0.07% |
| Reliance Industries Ltd. | 1.96% | 1.89% | -0.07% |
| Belrise Industries Ltd. | 0.91% | 0.98% | +0.07% |
| Bosch Home Comfort India Ltd. | 0.44% | 0.50% | +0.05% |
| Larsen & Toubro Ltd. | 1.42% | 1.37% | -0.05% |
| Zydus Lifesciences Ltd. | 1.28% | 1.32% | +0.05% |
| Tech Mahindra Ltd. | 1.57% | 1.52% | -0.05% |
| Persistent Systems Ltd. | 1.85% | 1.82% | -0.04% |
| Craftsman Automation Ltd. | 1.11% | 1.07% | -0.04% |
| Torrent Pharmaceuticals Ltd. | 2.25% | 2.21% | -0.04% |
| GE Vernova T&D India Ltd | 1.95% | 1.91% | -0.04% |
| K.P.R. Mill Ltd. | 1.27% | 1.23% | -0.04% |
| One 97 Communications Ltd. | 2.63% | 2.67% | +0.04% |
| Bharat Electronics Ltd. | 1.23% | 1.19% | -0.03% |
| Glenmark Pharmaceuticals Ltd. | 1.37% | 1.33% | -0.03% |
| Navin Fluorine International Ltd. | 1.87% | 1.84% | -0.03% |
| The Indian Hotels Company Ltd. | 1.22% | 1.25% | +0.03% |
| TVS Motor Company Ltd. | 1.50% | 1.48% | -0.03% |
| JSW Energy Ltd. | 1.73% | 1.70% | -0.02% |
| Honeywell Automation India Ltd. | 0.99% | 0.97% | -0.02% |
| Jindal Steel Ltd. | 1.59% | 1.57% | -0.02% |
| CarTrade Tech Ltd. | 1.31% | 1.29% | -0.02% |
| Radico Khaitan Ltd. | 2.08% | 2.10% | +0.02% |
| Motilal Oswal Financial Services Ltd. | 1.65% | 1.63% | -0.02% |
| Eternal Ltd. | 1.50% | 1.52% | +0.02% |
| Hindustan Zinc Ltd. | 1.17% | 1.15% | -0.02% |
| Interglobe Aviation Ltd. | 1.26% | 1.24% | -0.02% |
| Bharti Airtel Ltd. | 2.17% | 2.18% | +0.01% |
| Hindustan Aeronautics Ltd. | 1.30% | 1.31% | +0.01% |
| Marico Ltd. | 1.64% | 1.63% | -0.01% |
| Supreme Industries Ltd. | 1.00% | 1.00% | +0.01% |
| WeWork India Management Ltd. | 1.54% | 1.54% | 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 | ₹12,985 Cr | 2.05% | 11.5% | 10.6% | 16.1% |
 Bandhan Large & Mid Cap Fund | ₹20,650 Cr | 2.25% | 5.6% | 7.9% | 14.9% |
 Motilal Oswal Large and Midcap Fund | ₹19,832 Cr | 1.79% | 13.3% | 12.3% | 18.5% |
 Invesco India Large & Mid Cap Fund | ₹12,439 Cr | 1.85% | 20.3% | 14.9% | 18.9% |
 UTI Large & Mid Cap Fund | ₹6,220 Cr | 1.96% | 4.1% | 6.7% | 13.1% |
 HSBC Large and Mid Cap Fund | ₹5,784 Cr | 2.40% | 14.4% | 11.2% | 15.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to seek long term capital growth through investments in equity and equity related securities of predominantly large cap and mid cap stocks.
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
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 months6.88% absolute | ₹60,000 | ₹64,128 | 6.88% | |
| 1 year2.70% annualised | ₹1,20,000 | ₹1,21,770 | 1.47% |
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.
What is the NAV of JM Large & Mid Cap Fund?
The NAV of JM Large & Mid Cap Fund is ₹10.75 as on 9 Nov 2026.
What is the expense ratio of JM Large & Mid Cap Fund?
The expense ratio of JM Large & Mid Cap Fund is 2.72% per year.
What is the minimum SIP amount for JM Large & Mid Cap Fund?
You can start a SIP in JM Large & Mid Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on JM Large & Mid Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 180 days..
How risky is JM Large & Mid Cap Fund?
JM Large & Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large & MidCap category.
Which fund house manages JM Large & Mid Cap Fund?
JM Large & Mid Cap Fund is managed by JM Financial Mutual Fund, which runs 17 schemes with ₹13,500 Cr under management.