JM Large & Mid Cap Fund
Large & MidCapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹10.48+0.19%1 day
- Return since launch
- 3.6%
- 52-week range
- ₹8.96 — ₹10.90
- AUM
- ₹464 Cr
JM Large & Mid Cap Fund is a Large & MidCap equity fund from JM Financial Mutual Fund with ₹464 Cr under management, launched in 2025. The expense ratio is 2.68% 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 +4.7% against -0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.8% | +2.4 pts | 3.4% | -1.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.8% | +0.1 pts | -3.9% | -3.9% |
| 3M | 2.0% | +2.0 pts | 0.0% | -0.5% |
| 6M | 14.3% | +2.8 pts | 11.4% | 9.8% |
| 1Y | 4.7% | +1.3 pts | 3.4% | -0.3% |
Since launch (4 Jul 2025): 3.6%
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
2.69%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.49%
- 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 31 Aug 2026
Asset allocation
- Equity98.4%
- Debt1.4%
- Other0.2%
Market cap split
- Large40.5%
- Mid44.4%
- Small15.1%
- P/E
- 36.22
- P/B
- 4.40
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 3.47% | ₹16.14 Cr | +3.32% | +4.04% | +5.31% |
| Bajaj Finance Ltd. | Financial | 2.66% | ₹12.37 Cr | +2.53% | +2.87% | +2.72% |
| One97 Communications Ltd. | Services | 2.63% | ₹12.22 Cr | +2.06% | +1.85% | +2.43% |
| HDFC Bank Ltd. | Financial | 2.56% | ₹11.91 Cr | +2.98% | +3.67% | +4.55% |
| Coforge Ltd. | Technology | 2.38% | ₹11.06 Cr | +2.07% | +1.78% | +3.69% |
| State Bank of India | Financial | 2.28% | ₹10.60 Cr | +1.88% | +2.42% | +1.59% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.25% | ₹10.44 Cr | +2.17% | +2.20% | +1.56% |
| Shriram Finance Ltd | Financial | 2.20% | ₹10.21 Cr | +2.33% | +2.20% | +1.83% |
| Bharti Airtel Ltd. | Communication | 2.17% | ₹10.06 Cr | +2.66% | +3.05% | +4.88% |
| Radico Khaitan Ltd. | Consumer Staples | 2.08% | ₹9.66 Cr | +1.81% | +1.42% | +1.64% |
| LG Electronics India Ltd. | Consumer Discretionary | 2.06% | ₹9.56 Cr | +2.48% | +2.67% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.03% | ₹9.43 Cr | +1.47% | +1.15% | +1.44% |
| Max Financial Services Ltd. | Financial | 2.00% | ₹9.28 Cr | +2.35% | +2.63% | +1.40% |
| Reliance Industries Ltd. | Energy | 1.96% | ₹9.12 Cr | +3.27% | +2.79% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.95% | ₹9.04 Cr | +1.88% | +1.23% | +1.14% |
| Navin Fluorine International Ltd. | Chemicals | 1.87% | ₹8.67 Cr | +1.04% | — | — |
| Persistent Systems Ltd. | Technology | 1.85% | ₹8.62 Cr | +1.96% | +2.07% | +3.55% |
| Aster DM Quality Care Ltd. | Healthcare | 1.85% | ₹8.61 Cr | — | — | — |
| JSW Energy Ltd. | Capital Goods | 1.73% | ₹8.01 Cr | +2.18% | +1.61% | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.72% | ₹8.01 Cr | +1.77% | +2.04% | +1.62% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.65% | ₹7.67 Cr | +1.29% | +1.10% | +1.50% |
| IDFC First Bank Ltd. | Financial | 1.65% | ₹7.65 Cr | +1.51% | +2.15% | — |
| Marico Ltd. | Consumer Staples | 1.64% | ₹7.63 Cr | +1.82% | +1.43% | +1.44% |
| Others | Others | 1.63% | ₹7.59 Cr | +4.01% | +3.53% | +10.36% |
| UNO Minda Ltd. | Automobile | 1.61% | ₹7.46 Cr | +1.85% | — | — |
| Jindal Steel Ltd. | Metals & Mining | 1.59% | ₹7.37 Cr | +1.78% | +2.17% | — |
| Tech Mahindra Ltd. | Technology | 1.57% | ₹7.29 Cr | +1.35% | +1.05% | +1.23% |
| Fortis Healthcare Ltd. | Healthcare | 1.56% | ₹7.26 Cr | +2.66% | +2.78% | +1.99% |
| BSE Ltd. | Services | 1.55% | ₹7.19 Cr | +2.16% | +2.13% | +1.97% |
| WeWork India Management Ltd. | Services | 1.54% | ₹7.17 Cr | +1.28% | +1.11% | — |
| TVS Motor Company Ltd. | Automobile | 1.50% | ₹6.99 Cr | +1.29% | +1.27% | +2.20% |
| Eternal Ltd. | Services | 1.50% | ₹6.99 Cr | +1.27% | +1.29% | +1.50% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.48% | ₹6.88 Cr | +1.34% | +1.70% | — |
| PB Fintech Ltd. | Services | 1.44% | ₹6.68 Cr | +1.45% | +1.30% | +1.51% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.44% | ₹6.68 Cr | +0.88% | — | — |
| Larsen & Toubro Ltd. | Construction | 1.42% | ₹6.59 Cr | +1.58% | +1.72% | +2.33% |
| Vishal Mega Mart Ltd. | Services | 1.37% | ₹6.36 Cr | +1.67% | — | — |
| company:5635 | Healthcare | 1.37% | ₹6.35 Cr | — | — | — |
| Mankind Pharma Ltd. | Healthcare | 1.33% | ₹6.16 Cr | — | — | — |
| CarTrade Tech Ltd. | Services | 1.31% | ₹6.10 Cr | +0.81% | +1.14% | — |
| City Union Bank Ltd. | Financial | 1.31% | ₹6.08 Cr | +1.21% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.30% | ₹6.05 Cr | +1.50% | +1.09% | — |
| company:5626 | Healthcare | 1.28% | ₹5.92 Cr | — | — | — |
| K.P.R. Mill Ltd. | Textiles | 1.27% | ₹5.89 Cr | +1.15% | +1.10% | — |
| Interglobe Aviation Ltd. | Services | 1.26% | ₹5.84 Cr | +1.56% | +1.77% | +1.80% |
| Sansera Engineering Ltd. | Automobile | 1.24% | ₹5.74 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.23% | ₹5.69 Cr | +1.34% | +1.50% | +1.42% |
| The Indian Hotels Company Ltd. | Services | 1.22% | ₹5.68 Cr | +0.98% | — | — |
| company:896 | Financial | 1.17% | ₹5.45 Cr | — | — | — |
| Hindustan Zinc Ltd. | Metals & Mining | 1.17% | ₹5.43 Cr | +1.76% | — | — |
| Craftsman Automation Ltd. | Automobile | 1.11% | ₹5.15 Cr | — | — | — |
| Premier Energies Ltd. | Energy | 1.09% | ₹5.08 Cr | +1.01% | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.08% | ₹5.02 Cr | +1.82% | +1.59% | +1.50% |
| The India Cements Ltd. | Materials | 1.08% | ₹5.01 Cr | +1.23% | +1.35% | +1.64% |
| Ashok Leyland Ltd. | Automobile | 1.02% | ₹4.74 Cr | — | — | — |
| company:3798 | Materials | 1.00% | ₹4.63 Cr | — | — | — |
| JSW Infrastructure Ltd. | Services | 0.99% | ₹4.62 Cr | — | — | — |
| Honeywell Automation India Ltd. | Capital Goods | 0.99% | ₹4.59 Cr | — | — | — |
| Belrise Industries Ltd. | Automobile | 0.91% | ₹4.22 Cr | — | — | — |
| company:20765 | Services | 0.91% | ₹4.22 Cr | — | — | — |
| Maruti Suzuki India Ltd. | Automobile | 0.88% | ₹4.06 Cr | +0.94% | +1.10% | — |
| Ultratech Cement Ltd. | Materials | 0.84% | ₹3.88 Cr | +0.93% | — | +1.45% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.82% | ₹3.82 Cr | — | — | — |
| company:20835 | Capital Goods | 0.54% | ₹2.50 Cr | — | — | — |
| Bosch Home Comfort India Ltd. | Consumer Discretionary | 0.44% | ₹2.05 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Lupin Ltd. | 1.46% | 0.00% | -1.46% |
| company:5635 | 0.00% | 1.37% | +1.37% |
| company:5626 | 0.00% | 1.28% | +1.28% |
| company:896 | 0.00% | 1.17% | +1.17% |
| Kei Industries Ltd. | 1.08% | 0.00% | -1.08% |
| Tata Power Company Ltd. | 1.06% | 0.00% | -1.06% |
| Coromandel International Ltd. | 1.05% | 0.00% | -1.05% |
| company:3798 | 0.00% | 1.00% | +1.00% |
| company:20765 | 0.00% | 0.91% | +0.91% |
| Indus Towers Ltd. | 0.87% | 0.00% | -0.87% |
| Waaree Energies Ltd. | 0.77% | 0.00% | -0.77% |
| company:20835 | 0.00% | 0.54% | +0.54% |
| Bharat Electronics Ltd. | 0.76% | 1.23% | +0.47% |
| State Bank of India | 1.88% | 2.28% | +0.40% |
| Navin Fluorine International Ltd. | 1.47% | 1.87% | +0.40% |
| Reliance Industries Ltd. | 2.31% | 1.96% | -0.34% |
| Bajaj Finance Ltd. | 2.98% | 2.66% | -0.32% |
| One97 Communications Ltd. | 2.31% | 2.63% | +0.32% |
| Bosch Home Comfort India Ltd. | 0.15% | 0.44% | +0.29% |
| Bharti Airtel Ltd. | 2.45% | 2.17% | -0.28% |
| Others | 1.19% | 1.44% | +0.26% |
| Motilal Oswal Financial Services Ltd. | 1.40% | 1.65% | +0.25% |
| Aster DM Quality Care Ltd. | 1.61% | 1.85% | +0.25% |
| HDFC Bank Ltd. | 2.81% | 2.56% | -0.25% |
| Hindustan Zinc Ltd. | 1.41% | 1.17% | -0.24% |
| BSE Ltd. | 1.78% | 1.55% | -0.24% |
| Hindustan Aeronautics Ltd. | 1.52% | 1.30% | -0.21% |
| GE Vernova T&D India Ltd | 1.74% | 1.95% | +0.20% |
| WeWork India Management Ltd. | 1.74% | 1.54% | -0.20% |
| JSW Energy Ltd. | 1.91% | 1.73% | -0.18% |
| LG Electronics India Ltd. | 1.88% | 2.06% | +0.18% |
| Premier Energies Ltd. | 0.91% | 1.09% | +0.18% |
| Marico Ltd. | 1.81% | 1.64% | -0.17% |
| Sansera Engineering Ltd. | 1.07% | 1.24% | +0.17% |
| PB Fintech Ltd. | 1.28% | 1.44% | +0.16% |
| UNO Minda Ltd. | 1.75% | 1.61% | -0.15% |
| Mahindra & Mahindra Ltd. | 1.85% | 1.72% | -0.13% |
| Fortis Healthcare Ltd. | 1.69% | 1.56% | -0.13% |
| The India Cements Ltd. | 1.20% | 1.08% | -0.12% |
| Adani Ports and Special Economic Zone Ltd. | 1.19% | 1.08% | -0.11% |
| Honeywell Automation India Ltd. | 1.10% | 0.99% | -0.11% |
| Torrent Pharmaceuticals Ltd. | 2.36% | 2.25% | -0.11% |
| Mahindra & Mahindra Financial Services Ltd. | 1.59% | 1.48% | -0.11% |
| K.P.R. Mill Ltd. | 1.17% | 1.27% | +0.09% |
| Craftsman Automation Ltd. | 1.02% | 1.11% | +0.09% |
| CarTrade Tech Ltd. | 1.41% | 1.31% | -0.09% |
| ICICI Bank Ltd. | 3.56% | 3.47% | -0.09% |
| City Union Bank Ltd. | 1.22% | 1.31% | +0.08% |
| Tech Mahindra Ltd. | 1.65% | 1.57% | -0.08% |
| Maruti Suzuki India Ltd. | 0.95% | 0.88% | -0.08% |
| Mankind Pharma Ltd. | 1.41% | 1.33% | -0.08% |
| Billionbrains Garage Ventures Ltd. | 1.51% | 1.44% | -0.07% |
| Ultratech Cement Ltd. | 0.90% | 0.84% | -0.07% |
| Eternal Ltd. | 1.44% | 1.50% | +0.06% |
| Jindal Steel Ltd. | 1.52% | 1.59% | +0.06% |
| Persistent Systems Ltd. | 1.91% | 1.85% | -0.06% |
| Belrise Industries Ltd. | 0.96% | 0.91% | -0.05% |
| The Indian Hotels Company Ltd. | 1.27% | 1.22% | -0.05% |
| TVS Motor Company Ltd. | 1.55% | 1.50% | -0.05% |
| Shriram Finance Ltd | 2.15% | 2.20% | +0.05% |
| JSW Infrastructure Ltd. | 0.95% | 0.99% | +0.05% |
| IDFC First Bank Ltd. | 1.68% | 1.65% | -0.04% |
| Dixon Technologies (India) Ltd. | 1.99% | 2.03% | +0.04% |
| Coforge Ltd. | 2.35% | 2.38% | +0.03% |
| Interglobe Aviation Ltd. | 1.29% | 1.26% | -0.03% |
| Diamond Power Infrastructure Ltd. | 0.80% | 0.82% | +0.03% |
| Max Financial Services Ltd. | 1.98% | 2.00% | +0.02% |
| Ashok Leyland Ltd. | 1.00% | 1.02% | +0.02% |
| Larsen & Toubro Ltd. | 1.44% | 1.42% | -0.02% |
| Radico Khaitan Ltd. | 2.09% | 2.08% | -0.01% |
| Vishal Mega Mart Ltd. | 1.38% | 1.37% | -0.01% |
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 | ₹18,618 Cr | 2.10% | 8.1% | 10.6% | 16.1% |
 ICICI Prudential Large & Mid Cap Fund | ₹33,592 Cr | 2.04% | -1.6% | 6.3% | 13.0% |
 Bandhan Large & Mid Cap Fund | ₹21,020 Cr | 2.30% | 2.4% | 8.1% | 15.2% |
 Motilal Oswal Large and Midcap Fund | ₹20,159 Cr | 1.81% | 16.0% | 14.1% | 19.5% |
 Invesco India Large & Mid Cap Fund | ₹12,387 Cr | 1.87% | 12.9% | 13.8% | 18.1% |
 HSBC Large and Mid Cap Fund | ₹5,931 Cr | 2.47% | 10.7% | 10.7% | 14.9% |
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 months14.25% absolute | ₹60,000 | ₹68,550 | 14.25% | |
| 1 year4.73% annualised | ₹1,20,000 | ₹1,23,119 | 2.60% |
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 ₹10.48 as on 25 Sep 2026.
What is the expense ratio of JM Large & Mid Cap Fund?
The expense ratio of JM Large & Mid Cap Fund is 2.68% 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 ₹13,205 Cr under management.