JM Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹158.05+0.51%1 day
- Return since launch
- 9.2%
- 52-week range
- ₹137.00 — ₹160.81
- AUM
- ₹356 Cr
JM Large Cap Fund is a Large Cap equity fund from JM Financial Mutual Fund with ₹356 Cr under management, launched in 1994. Over three years it has returned 3.9% a year, against 11.0% 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 +0.1% against -0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.5% | +6.8 pts | 0.7% | 6.5% |
| 2Y | 4.5% | −0.4 pts | 5.0% | 4.3% |
| 3Y | 3.9% | −7.1 pts | 11.0% | 5.0% |
| 5Y | 9.2% | +1.1 pts | 8.1% | 9.0% |
| 7Y | 11.4% | −0.1 pts | 11.5% | 11.1% |
| 10Y | 11.4% | −0.3 pts | 11.7% | 10.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.6% | −0.1 pts | 9.7% | 9.7% |
| 3M | 0.3% | −0.8 pts | 1.1% | 0.7% |
| 6M | 6.4% | +0.1 pts | 6.2% | 5.8% |
| 1Y | 0.6% | −0.2 pts | 0.7% | 0.1% |
| 2Y | 0.3% | −2.5 pts | 2.8% | 2.6% |
| 3Y | 10.6% | −0.4 pts | 11.0% | 11.0% |
| 5Y | 9.0% | +0.8 pts | 8.1% | 8.0% |
| 7Y | 12.9% | +0.5 pts | 12.4% | 11.4% |
| 10Y | 11.1% | −0.6 pts | 11.7% | 10.8% |
Since launch (12 Dec 1994): 9.2%
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
2.69%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.51%
- 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 | -0.03 | 2.41 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.27 | 0.43 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.35 | 0.57 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.61 | 15.29 | 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 30 Sep 2026
Asset allocation
- Equity95.8%
- Other4.2%
Market cap split
- Large84.7%
- Mid15.3%
- Small0.1%
- P/E
- 27.90
- P/B
- 3.98
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| State Bank of India | Financial | 4.56% | ₹16.22 Cr | +4.24% | +4.25% | +2.54% |
| Others | Others | 4.20% | ₹14.92 Cr | +5.02% | +3.46% | +0.60% |
| Bharti Airtel Ltd. | Communication | 3.88% | ₹13.80 Cr | +4.03% | +4.30% | +4.23% |
| ICICI Bank Ltd. | Financial | 3.56% | ₹12.66 Cr | +5.15% | +4.26% | +5.41% |
| Reliance Industries Ltd. | Energy | 3.36% | ₹11.95 Cr | +3.18% | +6.23% | +3.97% |
| Kotak Mahindra Bank Ltd. | Financial | 3.15% | ₹11.20 Cr | +2.58% | +2.19% | +1.12% |
| Larsen & Toubro Ltd. | Construction | 2.90% | ₹10.30 Cr | +3.27% | +3.79% | +3.31% |
| Adani Ports and Special Economic Zone Ltd. | Services | 2.88% | ₹10.25 Cr | +2.49% | +2.08% | +1.74% |
| Axis Bank Ltd. | Financial | 2.88% | ₹10.23 Cr | +3.01% | +2.50% | +1.72% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.80% | ₹9.97 Cr | +2.57% | +2.74% | +2.15% |
| Bajaj Finance Ltd. | Financial | 2.79% | ₹9.92 Cr | +2.76% | +2.31% | +2.88% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.70% | ₹9.61 Cr | +2.50% | +2.67% | +2.06% |
| HDFC Bank Ltd. | Financial | 2.69% | ₹9.58 Cr | +6.90% | -0.97% | +8.51% |
| One 97 Communications Ltd. | Services | 2.69% | ₹9.56 Cr | +1.72% | +1.29% | +1.61% |
| Titan Company Ltd. | Consumer Discretionary | 2.50% | ₹8.90 Cr | +1.85% | +1.49% | — |
| Mahindra & Mahindra Ltd. | Automobile | 2.47% | ₹8.79 Cr | +2.24% | +2.26% | +2.25% |
| Shriram Finance Ltd | Financial | 2.44% | ₹8.67 Cr | +2.48% | +2.67% | +1.75% |
| TVS Motor Company Ltd. | Automobile | 2.25% | ₹7.99 Cr | +1.65% | +1.68% | +1.77% |
| Divi's Laboratories Ltd. | Healthcare | 2.08% | ₹7.38 Cr | +1.47% | +1.85% | +1.42% |
| Eternal Ltd. | Services | 2.03% | ₹7.23 Cr | +1.46% | +1.33% | +1.19% |
| The Indian Hotels Company Ltd. | Services | 1.96% | ₹6.98 Cr | +1.67% | +1.37% | +1.19% |
| JSW Energy Ltd. | Capital Goods | 1.85% | ₹6.58 Cr | +2.14% | +1.82% | +1.86% |
| Bajaj Auto Ltd. | Automobile | 1.84% | ₹6.53 Cr | +1.67% | +1.51% | +1.22% |
| 360 One Wam Ltd. | Financial | 1.80% | ₹6.42 Cr | +1.64% | +1.29% | +1.46% |
| Ultratech Cement Ltd. | Materials | 1.80% | ₹6.39 Cr | +1.84% | +1.85% | +1.69% |
| Interglobe Aviation Ltd. | Services | 1.77% | ₹6.30 Cr | +1.90% | -0.38% | +2.53% |
| Maruti Suzuki India Ltd. | Automobile | 1.77% | ₹6.28 Cr | +1.81% | +1.66% | +2.39% |
| Tech Mahindra Ltd. | Technology | 1.76% | ₹6.26 Cr | +1.67% | +1.95% | +1.99% |
| United Spirits Ltd. | Consumer Staples | 1.75% | ₹6.23 Cr | +1.87% | +1.77% | +1.55% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.74% | ₹6.19 Cr | — | — | — |
| Tata Consumer Products Ltd. | Consumer Staples | 1.67% | ₹5.93 Cr | +0.92% | — | — |
| Zydus Lifesciences Ltd. | Healthcare | 1.44% | ₹5.11 Cr | — | — | — |
| Cummins India Ltd. | Capital Goods | 1.37% | ₹4.85 Cr | +1.38% | — | +1.56% |
| Hitachi Energy India Ltd. | Capital Goods | 1.33% | ₹4.72 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.32% | ₹4.70 Cr | +1.22% | +1.49% | +1.62% |
| LTM Limited | Technology | 1.32% | ₹4.69 Cr | +1.00% | +1.19% | +1.75% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.30% | ₹4.63 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.24% | ₹4.41 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.23% | ₹4.37 Cr | +1.59% | +1.71% | +1.37% |
| Solar Industries India Ltd. | Chemicals | 1.19% | ₹4.24 Cr | — | — | — |
| Adani Enterprises Ltd. | Services | 1.16% | ₹4.14 Cr | — | — | — |
| Infosys Ltd. | Technology | 1.15% | ₹4.09 Cr | +1.49% | +2.81% | +3.18% |
| SBI Funds Management Ltd. | Financial | 1.14% | ₹4.05 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 1.12% | ₹3.99 Cr | +1.45% | +1.24% | — |
| Lodha Developers Ltd. | Construction | 1.12% | ₹3.97 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.10% | ₹3.92 Cr | +1.07% | +0.96% | +1.37% |
| Adani Power Ltd. | Energy | 1.09% | ₹3.88 Cr | — | — | — |
| BSE Ltd. | Services | 0.90% | ₹3.18 Cr | — | — | — |
| SRF Ltd. | Chemicals | 0.87% | ₹3.09 Cr | +1.10% | +1.03% | — |
| Anirit Ventures Ltd. | Textiles | 0.08% | ₹0.28 Cr | +0.10% | +0.10% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Coforge Ltd. | 2.10% | 0.00% | -2.10% |
| ICICI Bank Ltd. | 4.88% | 3.56% | -1.32% |
| NTPC Ltd. | 1.31% | 0.00% | -1.31% |
| Prestige Estates Projects Ltd. | 1.16% | 0.00% | -1.16% |
| Others | 0.72% | 1.87% | +1.15% |
| Lodha Developers Ltd. | 0.00% | 1.12% | +1.12% |
| Adani Power Ltd. | 0.00% | 1.09% | +1.09% |
| HDFC Bank Ltd. | 3.58% | 2.69% | -0.88% |
| Adani Ports and Special Economic Zone Ltd. | 2.31% | 2.88% | +0.58% |
| Zydus Lifesciences Ltd. | 1.03% | 1.44% | +0.41% |
| Cummins India Ltd. | 1.06% | 1.37% | +0.30% |
| Kotak Mahindra Bank Ltd. | 2.86% | 3.15% | +0.29% |
| Hitachi Energy India Ltd. | 1.04% | 1.33% | +0.28% |
| Bharti Airtel Ltd. | 3.61% | 3.88% | +0.27% |
| United Spirits Ltd. | 2.01% | 1.75% | -0.25% |
| Polycab India Ltd. | 0.91% | 1.12% | +0.22% |
| One 97 Communications Ltd. | 2.49% | 2.69% | +0.20% |
| Larsen & Toubro Ltd. | 3.07% | 2.90% | -0.17% |
| The Indian Hotels Company Ltd. | 1.80% | 1.96% | +0.17% |
| Divi's Laboratories Ltd. | 1.91% | 2.08% | +0.17% |
| Eternal Ltd. | 1.88% | 2.03% | +0.15% |
| Adani Enterprises Ltd. | 1.03% | 1.16% | +0.13% |
| Torrent Pharmaceuticals Ltd. | 2.93% | 2.80% | -0.13% |
| Axis Bank Ltd. | 2.75% | 2.88% | +0.12% |
| Tata Steel Ltd. | 1.11% | 1.23% | +0.12% |
| TVS Motor Company Ltd. | 2.14% | 2.25% | +0.10% |
| Ultratech Cement Ltd. | 1.70% | 1.80% | +0.10% |
| Reliance Industries Ltd. | 3.27% | 3.36% | +0.10% |
| Solar Industries India Ltd. | 1.10% | 1.19% | +0.09% |
| JSW Energy Ltd. | 1.76% | 1.85% | +0.09% |
| Interglobe Aviation Ltd. | 1.68% | 1.77% | +0.09% |
| Vedanta Aluminium Metal Ltd. | 1.66% | 1.74% | +0.08% |
| Billionbrains Garage Ventures Ltd. | 1.23% | 1.30% | +0.07% |
| Samvardhana Motherson International Ltd. | 1.17% | 1.24% | +0.07% |
| Tech Mahindra Ltd. | 1.70% | 1.76% | +0.06% |
| SRF Ltd. | 0.81% | 0.87% | +0.06% |
| 360 One Wam Ltd. | 1.86% | 1.80% | -0.05% |
| Shriram Finance Ltd | 2.49% | 2.44% | -0.05% |
| Bharat Electronics Ltd. | 1.27% | 1.32% | +0.05% |
| Apollo Hospitals Enterprise Ltd. | 2.66% | 2.70% | +0.04% |
| Maruti Suzuki India Ltd. | 1.81% | 1.77% | -0.04% |
| BSE Ltd. | 0.86% | 0.90% | +0.04% |
| CG Power and Industrial Solutions Ltd. | 1.07% | 1.10% | +0.03% |
| Infosys Ltd. | 1.18% | 1.15% | -0.03% |
| Tata Consumer Products Ltd. | 1.65% | 1.67% | +0.02% |
| LTM Limited | 1.34% | 1.32% | -0.02% |
| Bajaj Finance Ltd. | 2.78% | 2.79% | +0.01% |
| Bajaj Auto Ltd. | 1.85% | 1.84% | -0.01% |
| SBI Funds Management Ltd. | 1.15% | 1.14% | -0.01% |
| Mahindra & Mahindra Ltd. | 2.48% | 2.47% | -0.01% |
| Titan Company Ltd. | 2.51% | 2.50% | -0.01% |
| State Bank of India | 4.55% | 4.56% | +0.01% |
| Anirit Ventures Ltd. | 0.08% | 0.08% | 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 | ₹3,138 Cr | 2.31% | 10.1% | 7.1% | 11.3% |
 DSP Large Cap Fund | ₹6,642 Cr | 2.02% | 6.5% | 5.3% | 10.3% |
 Quant Large Cap Fund | ₹3,669 Cr | 2.75% | 11.5% | 6.5% | — |
 Bandhan Large Cap Fund | ₹2,098 Cr | 2.20% | 10.6% | 7.7% | 11.2% |
 Invesco India Large Cap Fund | ₹1,995 Cr | 2.14% | 14.1% | 9.0% | 12.2% |
 WhiteOak Capital Large Cap Fund | ₹1,287 Cr | 2.45% | 8.0% | 6.9% | — |
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 months6.36% absolute | ₹60,000 | ₹63,816 | 6.36% | |
| 1 year0.56% annualised | ₹1,20,000 | ₹1,20,365 | 0.30% | |
| 3 years10.57% annualised | ₹3,60,000 | ₹4,25,171 | 18.10% | |
| 5 years8.98% annualised | ₹6,00,000 | ₹7,59,487 | 26.58% |
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 ₹158.05 as on 9 Nov 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 7.5% over 1 year, 3.9% over 3 years and 9.2% 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 ₹13,500 Cr under management.