JM Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹149.80+0.33%1 day
- Return since launch
- 9.1%
- 52-week range
- ₹137.00 — ₹160.81
- AUM
- ₹394 Cr
JM Large Cap Fund is a Large Cap equity fund from JM Financial Mutual Fund with ₹394 Cr under management, launched in 1994. Over three years it has returned 1.1% a year, against 8.8% for its category. The expense ratio is 2.67% and the SEBI riskometer reading is Very High.
Performance
JM Large Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.7% against -2.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.2% | −1.2 pts | -2.0% | -5.8% |
| 2Y | -1.1% | 0.0 pts | -1.1% | -1.9% |
| 3Y | 1.1% | −7.7 pts | 8.8% | 1.7% |
| 5Y | 7.7% | +0.4 pts | 7.3% | 7.2% |
| 7Y | 10.5% | +0.2 pts | 10.3% | 10.0% |
| 10Y | 10.7% | −0.1 pts | 10.8% | 10.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.3% | −0.3 pts | -4.0% | -4.1% |
| 3M | -0.3% | +1.1 pts | -1.5% | -1.8% |
| 6M | 6.9% | +1.0 pts | 5.9% | 5.1% |
| 1Y | -0.7% | +1.3 pts | -2.0% | -2.7% |
| 2Y | -5.8% | −1.8 pts | -3.9% | -4.1% |
| 3Y | 8.9% | +0.1 pts | 8.8% | 8.5% |
| 5Y | 8.8% | +1.5 pts | 7.3% | 7.2% |
| 7Y | 12.3% | +0.4 pts | 11.9% | 10.9% |
| 10Y | 10.3% | −0.5 pts | 10.8% | 9.9% |
Since launch (12 Dec 1994): 9.1%
Calendar-year returns
Category average18.1%
23.2%
3.4%
29.6%
15.0%
3.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.8% | −4.7 pts | 8.5% |
| 2024 | 15.0% | −1.3 pts | 16.3% |
| 2023 | 29.6% | +4.3 pts | 25.3% |
| 2022 | 3.4% | +0.3 pts | 3.2% |
| 2021 | 23.2% | −4.0 pts | 27.2% |
| 2020 | 18.1% | +3.2 pts | 15.0% |
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
2.67%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.50%
- 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 100 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.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.75 | 2.62 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.41 | 0.53 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.53 | 0.70 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.21 | 15.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
JM Large Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity96.6%
- Debt0.7%
- Other2.6%
Market cap split
- Large84.4%
- Mid15.5%
- Small0.1%
- P/E
- 28.89
- P/B
- 4.00
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.88% | ₹19.22 Cr | +4.39% | +4.44% | +5.56% |
| State Bank of India | Financial | 4.55% | ₹17.92 Cr | +3.92% | +4.75% | +2.32% |
| Bharti Airtel Ltd. | Communication | 3.61% | ₹14.23 Cr | +3.91% | +4.13% | +4.73% |
| HDFC Bank Ltd. | Financial | 3.58% | ₹14.09 Cr | +6.33% | +7.25% | +8.43% |
| Others | Others | 3.37% | ₹13.28 Cr | +2.54% | +2.08% | +0.97% |
| Reliance Industries Ltd. | Energy | 3.27% | ₹12.86 Cr | +5.74% | +5.82% | +3.74% |
| Larsen & Toubro Ltd. | Construction | 3.07% | ₹12.09 Cr | +3.17% | +4.24% | +4.05% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.93% | ₹11.54 Cr | +2.42% | +2.61% | +2.11% |
| Kotak Mahindra Bank Ltd. | Financial | 2.86% | ₹11.27 Cr | +2.48% | +2.27% | +1.60% |
| Bajaj Finance Ltd. | Financial | 2.78% | ₹10.93 Cr | +2.46% | +2.70% | +2.51% |
| Axis Bank Ltd. | Financial | 2.75% | ₹10.84 Cr | +2.59% | +2.77% | +2.27% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.66% | ₹10.48 Cr | +2.53% | +2.62% | +2.09% |
| Titan Company Ltd. | Consumer Discretionary | 2.51% | ₹9.90 Cr | +1.69% | +1.44% | — |
| Shriram Finance Ltd | Financial | 2.49% | ₹9.79 Cr | +2.72% | +3.08% | +1.64% |
| One97 Communications Ltd. | Services | 2.49% | ₹9.79 Cr | +1.66% | +1.30% | +2.10% |
| Mahindra & Mahindra Ltd. | Automobile | 2.48% | ₹9.78 Cr | +2.18% | +2.44% | +2.08% |
| Adani Ports and Special Economic Zone Ltd. | Services | 2.31% | ₹9.08 Cr | +2.68% | +2.28% | +1.62% |
| TVS Motor Company Ltd. | Automobile | 2.14% | ₹8.44 Cr | +1.57% | +1.70% | +1.67% |
| Coforge Ltd. | Technology | 2.10% | ₹8.25 Cr | +0.72% | — | +1.55% |
| United Spirits Ltd. | Consumer Staples | 2.01% | ₹7.90 Cr | +1.73% | +1.76% | +1.52% |
| Divi's Laboratories Ltd. | Healthcare | 1.91% | ₹7.52 Cr | +1.47% | +1.75% | +1.31% |
| Eternal Ltd. | Services | 1.88% | ₹7.42 Cr | +1.36% | +1.26% | +1.13% |
| 360 One Wam Ltd. | Financial | 1.86% | ₹7.32 Cr | +1.66% | +1.32% | +1.43% |
| Bajaj Auto Ltd. | Automobile | 1.85% | ₹7.28 Cr | +1.77% | +1.51% | +1.20% |
| Maruti Suzuki India Ltd. | Automobile | 1.81% | ₹7.11 Cr | +1.66% | +1.76% | +2.18% |
| The Indian Hotels Company Ltd. | Services | 1.80% | ₹7.07 Cr | +1.51% | +1.41% | +1.24% |
| JSW Energy Ltd. | Capital Goods | 1.76% | ₹6.92 Cr | +2.15% | +1.65% | +1.50% |
| Tech Mahindra Ltd. | Technology | 1.70% | ₹6.69 Cr | +2.21% | +1.69% | +2.09% |
| Ultratech Cement Ltd. | Materials | 1.70% | ₹6.68 Cr | +1.85% | +1.92% | +1.73% |
| Interglobe Aviation Ltd. | Services | 1.68% | ₹6.62 Cr | +1.74% | +1.79% | +2.53% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.66% | ₹6.53 Cr | — | — | — |
| Tata Consumer Products Ltd. | Consumer Staples | 1.65% | ₹6.48 Cr | — | — | — |
| LTM Limited | Technology | 1.34% | ₹5.27 Cr | +1.13% | +1.17% | +1.73% |
| NTPC Ltd. | Energy | 1.31% | ₹5.14 Cr | +1.46% | +1.35% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.27% | ₹5.01 Cr | +1.43% | +1.46% | +1.47% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.23% | ₹4.84 Cr | — | — | — |
| Infosys Ltd. | Technology | 1.18% | ₹4.66 Cr | +2.45% | +2.71% | +3.21% |
| Samvardhana Motherson International Ltd. | Automobile | 1.17% | ₹4.61 Cr | — | — | — |
| Prestige Estates Projects Ltd. | Construction | 1.16% | ₹4.57 Cr | +1.15% | +1.10% | +1.12% |
| SBI Funds Management Ltd. | Financial | 1.15% | ₹4.54 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.11% | ₹4.37 Cr | +1.73% | +1.66% | +1.44% |
| Solar Industries India Ltd. | Chemicals | 1.10% | ₹4.32 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.07% | ₹4.20 Cr | +1.01% | +1.34% | +1.27% |
| Cummins India Ltd. | Capital Goods | 1.06% | ₹4.19 Cr | +1.41% | — | +1.50% |
| Hitachi Energy India Ltd. | Capital Goods | 1.04% | ₹4.10 Cr | — | — | — |
| Adani Enterprises Ltd. | Services | 1.03% | ₹4.07 Cr | — | — | — |
| company:5626 | Healthcare | 1.03% | ₹4.06 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 0.91% | ₹3.57 Cr | +1.36% | +1.37% | — |
| BSE Ltd. | Services | 0.86% | ₹3.38 Cr | — | — | — |
| SRF Ltd. | Chemicals | 0.81% | ₹3.20 Cr | +1.08% | +0.95% | — |
| Anirit Ventures Ltd. | Textiles | 0.08% | ₹0.30 Cr | +0.12% | +0.09% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 5.65% | 3.58% | -2.07% |
| Britannia Industries Ltd. | 1.66% | 0.00% | -1.66% |
| Hindustan Zinc Ltd. | 1.19% | 0.00% | -1.19% |
| company:5626 | 0.00% | 1.03% | +1.03% |
| Vedanta Aluminium Metal Ltd. | 1.01% | 1.66% | +0.65% |
| ICICI Bank Ltd. | 5.47% | 4.88% | -0.59% |
| SBI Funds Management Ltd. | 0.64% | 1.15% | +0.51% |
| Tata Consumer Products Ltd. | 1.19% | 1.65% | +0.46% |
| One97 Communications Ltd. | 2.06% | 2.49% | +0.43% |
| Bajaj Finance Ltd. | 3.19% | 2.78% | -0.42% |
| Coforge Ltd. | 1.78% | 2.10% | +0.32% |
| SRF Ltd. | 1.08% | 0.81% | -0.26% |
| Billionbrains Garage Ventures Ltd. | 0.97% | 1.23% | +0.26% |
| Kotak Mahindra Bank Ltd. | 2.61% | 2.86% | +0.25% |
| Bharti Airtel Ltd. | 3.85% | 3.61% | -0.24% |
| Others | 0.49% | 0.72% | +0.23% |
| State Bank of India | 4.32% | 4.55% | +0.23% |
| Polycab India Ltd. | 1.10% | 0.91% | -0.20% |
| Shriram Finance Ltd | 2.30% | 2.49% | +0.19% |
| Eternal Ltd. | 1.70% | 1.88% | +0.18% |
| Titan Company Ltd. | 2.35% | 2.51% | +0.16% |
| Samvardhana Motherson International Ltd. | 1.01% | 1.17% | +0.16% |
| Larsen & Toubro Ltd. | 2.93% | 3.07% | +0.14% |
| Bajaj Auto Ltd. | 1.72% | 1.85% | +0.13% |
| United Spirits Ltd. | 2.13% | 2.01% | -0.13% |
| Solar Industries India Ltd. | 0.98% | 1.10% | +0.11% |
| Bharat Electronics Ltd. | 1.17% | 1.27% | +0.11% |
| 360 One Wam Ltd. | 1.76% | 1.86% | +0.10% |
| Adani Ports and Special Economic Zone Ltd. | 2.41% | 2.31% | -0.10% |
| CG Power and Industrial Solutions Ltd. | 0.99% | 1.07% | +0.08% |
| LTM Limited | 1.26% | 1.34% | +0.08% |
| Divi's Laboratories Ltd. | 1.83% | 1.91% | +0.08% |
| JSW Energy Ltd. | 1.84% | 1.76% | -0.08% |
| BSE Ltd. | 0.93% | 0.86% | -0.08% |
| Hitachi Energy India Ltd. | 0.97% | 1.04% | +0.07% |
| Anirit Ventures Ltd. | 0.01% | 0.08% | +0.07% |
| Cummins India Ltd. | 1.13% | 1.06% | -0.06% |
| TVS Motor Company Ltd. | 2.09% | 2.14% | +0.06% |
| Interglobe Aviation Ltd. | 1.63% | 1.68% | +0.05% |
| Maruti Suzuki India Ltd. | 1.86% | 1.81% | -0.05% |
| NTPC Ltd. | 1.36% | 1.31% | -0.05% |
| Axis Bank Ltd. | 2.80% | 2.75% | -0.04% |
| Apollo Hospitals Enterprise Ltd. | 2.62% | 2.66% | +0.04% |
| Prestige Estates Projects Ltd. | 1.13% | 1.16% | +0.04% |
| Mahindra & Mahindra Ltd. | 2.52% | 2.48% | -0.04% |
| The Indian Hotels Company Ltd. | 1.76% | 1.80% | +0.04% |
| Adani Enterprises Ltd. | 1.07% | 1.03% | -0.03% |
| Ultratech Cement Ltd. | 1.73% | 1.70% | -0.03% |
| Infosys Ltd. | 1.16% | 1.18% | +0.03% |
| Torrent Pharmaceuticals Ltd. | 2.90% | 2.93% | +0.03% |
| Tech Mahindra Ltd. | 1.69% | 1.70% | +0.01% |
| Reliance Industries Ltd. | 3.28% | 3.27% | -0.01% |
| Tata Steel Ltd. | 1.12% | 1.11% | -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 | ₹1,872 Cr | 2.51% | 0.7% | 4.8% | 9.7% |
 Quant Large Cap Fund | ₹3,651 Cr | 2.93% | 6.0% | 5.4% | — |
 Bandhan Large Cap Fund | ₹2,180 Cr | 2.20% | -2.8% | 4.0% | 9.1% |
 Invesco India Large Cap Fund | ₹2,021 Cr | 2.19% | 2.4% | 6.0% | 10.5% |
 WhiteOak Capital Large Cap Fund | ₹1,276 Cr | 2.48% | -4.3% | 3.6% | — |
 Bank of India Large Cap Fund | ₹231 Cr | 2.75% | 2.2% | 4.8% | 9.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks long term capital growth and appreciation through investment primarily in equities.
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 months6.88% absolute | ₹60,000 | ₹64,128 | 6.88% | |
| 1 year−0.67% annualised | ₹1,20,000 | ₹1,19,565 | −0.36% | |
| 3 years8.90% annualised | ₹3,60,000 | ₹4,13,952 | 14.99% | |
| 5 years8.77% annualised | ₹6,00,000 | ₹7,55,184 | 25.86% |
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 Cap Fund?
The NAV of JM Large Cap Fund is ₹149.80 as on 25 Sep 2026.
What is the expense ratio of JM Large Cap Fund?
The expense ratio of JM Large Cap Fund is 2.67% per year.
What is the minimum SIP amount for JM Large Cap Fund?
You can start a SIP in JM Large Cap Fund with ₹3,000 a month.
What returns has JM Large Cap Fund given?
JM Large Cap Fund has returned -3.2% over 1 year, 1.1% over 3 years and 7.7% over 5 years (annualised).
Is there a lock-in or exit load on JM Large Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 30 days..
How risky is JM Large Cap Fund?
JM Large Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap category.
Which fund house manages JM Large Cap Fund?
JM Large Cap Fund is managed by JM Financial Mutual Fund, which runs 17 schemes with ₹13,205 Cr under management.