JM Mid cap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹20.93-0.18%1 day
- Return since launch
- 21.1%
- 52-week range
- ₹16.64 — ₹21.68
- AUM
- ₹1,360 Cr
JM Mid cap Fund is a Mid Cap equity fund from JM Financial Mutual Fund with ₹1,360 Cr under management, launched in 2022. Over three years it has returned 11.1% a year, against 15.6% for its category. The expense ratio is 2.49% and the SEBI riskometer reading is Very High.
Performance
JM Mid cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +10.5% against +7.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 15.9% | +7.8 pts | 8.1% | 6.1% |
| 2Y | 10.2% | +3.0 pts | 7.1% | 6.2% |
| 3Y | 11.1% | −4.6 pts | 15.6% | 8.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.4% | +0.7 pts | -4.0% | -4.3% |
| 3M | 1.5% | +0.8 pts | 0.6% | 0.1% |
| 6M | 22.2% | +6.9 pts | 15.3% | 13.8% |
| 1Y | 10.5% | +2.4 pts | 8.1% | 6.7% |
| 2Y | 0.9% | +0.1 pts | 0.8% | 0.2% |
| 3Y | 17.0% | +1.4 pts | 15.6% | 14.2% |
Since launch (31 Oct 2022): 21.1%
Calendar-year returns
Category average44.5%
35.0%
-2.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -2.7% | −5.8 pts | 3.1% |
| 2024 | 35.0% | +4.7 pts | 30.3% |
| 2023 | 44.5% | +5.9 pts | 38.7% |
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
2.46%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.84%
- Brokerage
- 0.10%
- Transaction charges
- 0.01%
- Statutory levies
- 0.51%
- 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 Midcap 150 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 | 1.35 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.70 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.03 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.88 | 18.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
JM Mid cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.0%
- Debt0.6%
- Other0.4%
Market cap split
- Large4.7%
- Mid70.3%
- Small25.0%
- P/E
- 37.87
- P/B
- 4.61
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One97 Communications Ltd. | Services | 3.53% | ₹48.04 Cr | +1.54% | +1.18% | +1.99% |
| Avalon Technologies Ltd. | Capital Goods | 3.05% | ₹41.53 Cr | +3.23% | +2.32% | +2.10% |
| Godfrey Phillips India Ltd. | Consumer Staples | 2.90% | ₹39.39 Cr | +3.60% | +3.68% | +5.31% |
| IDFC First Bank Ltd. | Financial | 2.88% | ₹39.12 Cr | +1.79% | +2.04% | +1.15% |
| Bank of Maharashtra | Financial | 2.79% | ₹37.90 Cr | +2.71% | +2.75% | +1.38% |
| Marico Ltd. | Consumer Staples | 2.74% | ₹37.31 Cr | +3.07% | +2.98% | +2.53% |
| Coforge Ltd. | Technology | 2.55% | ₹34.74 Cr | +2.04% | +1.73% | +2.37% |
| Tube Investments Of India Ltd. | Automobile | 2.52% | ₹34.27 Cr | +3.36% | +3.28% | +2.30% |
| Bharat Forge Ltd. | Automobile | 2.50% | ₹33.94 Cr | +3.53% | +3.36% | +1.37% |
| Ashok Leyland Ltd. | Automobile | 2.48% | ₹33.71 Cr | +1.62% | +2.48% | — |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 2.44% | ₹33.16 Cr | +2.73% | +3.40% | +1.91% |
| Motilal Oswal Financial Services Ltd. | Financial | 2.29% | ₹31.12 Cr | +1.90% | +1.68% | +3.04% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.25% | ₹30.60 Cr | +1.07% | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 2.13% | ₹28.97 Cr | +2.83% | +2.45% | +1.30% |
| Sona BLW Precision Forgings Ltd. | Automobile | 2.03% | ₹27.65 Cr | +0.82% | — | — |
| Poonawalla Fincorp Ltd. | Financial | 1.92% | ₹26.07 Cr | +1.61% | +0.96% | — |
| Aurobindo Pharma Ltd. | Healthcare | 1.82% | ₹24.70 Cr | +1.69% | +1.48% | +1.91% |
| Mphasis Ltd. | Technology | 1.80% | ₹24.43 Cr | +1.15% | +0.51% | — |
| Endurance Technologies Ltd. | Automobile | 1.77% | ₹24.13 Cr | +0.36% | — | — |
| JK Cement Ltd. | Materials | 1.75% | ₹23.79 Cr | +2.06% | +3.71% | +3.41% |
| 360 One Wam Ltd. | Financial | 1.73% | ₹23.51 Cr | +1.12% | +1.30% | +1.22% |
| Syrma SGS Technology Ltd. | Capital Goods | 1.69% | ₹22.99 Cr | +1.48% | +0.93% | +1.75% |
| SRF Ltd. | Chemicals | 1.60% | ₹21.78 Cr | +2.19% | +1.90% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.59% | ₹21.68 Cr | +1.90% | +1.40% | +1.77% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.53% | ₹20.80 Cr | +1.61% | +1.17% | +1.93% |
| AU Small Finance Bank Ltd. | Financial | 1.48% | ₹20.09 Cr | +1.38% | +1.72% | +1.37% |
| Arvind Ltd. | Textiles | 1.47% | ₹20.00 Cr | +2.62% | +2.12% | +1.56% |
| Prestige Estates Projects Ltd. | Construction | 1.44% | ₹19.60 Cr | +0.97% | +0.86% | +1.54% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.41% | ₹19.24 Cr | +1.28% | +0.63% | — |
| WeWork India Management Ltd. | Services | 1.38% | ₹18.81 Cr | +1.43% | +1.22% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.36% | ₹18.55 Cr | — | — | — |
| Thermax Ltd. | Capital Goods | 1.34% | ₹18.24 Cr | +0.58% | — | +0.61% |
| Mankind Pharma Ltd. | Healthcare | 1.34% | ₹18.19 Cr | — | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.32% | ₹17.94 Cr | — | — | — |
| CarTrade Tech Ltd. | Services | 1.25% | ₹17.05 Cr | +0.90% | +0.85% | — |
| E2E Networks Ltd. | Technology | 1.25% | ₹17.03 Cr | +0.94% | +0.77% | — |
| Garware Hi-Tech Films Ltd. | Materials | 1.25% | ₹16.97 Cr | +1.72% | +1.71% | +0.96% |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.21% | ₹16.39 Cr | +1.72% | +1.36% | +1.87% |
| company:896 | Financial | 1.20% | ₹16.35 Cr | — | — | — |
| Sumitomo Chemical India Ltd. | Chemicals | 1.16% | ₹15.79 Cr | +1.31% | +1.14% | +1.92% |
| PB Fintech Ltd. | Services | 1.16% | ₹15.73 Cr | +1.45% | +0.77% | +1.59% |
| Apar Industries Ltd. | Consumer Staples | 1.15% | ₹15.63 Cr | +0.92% | — | — |
| Waaree Energies Ltd. | Energy | 1.14% | ₹15.44 Cr | +1.53% | +0.77% | +2.52% |
| FSN E-Commerce Ventures Ltd. | Services | 1.03% | ₹13.98 Cr | +0.71% | +0.70% | — |
| Hero Motocorp Ltd. | Automobile | 1.00% | ₹13.63 Cr | +1.88% | +3.53% | — |
| Hitachi Energy India Ltd. | Capital Goods | 0.98% | ₹13.34 Cr | +1.72% | +0.86% | — |
| Alkem Laboratories Ltd. | Healthcare | 0.98% | ₹13.32 Cr | — | — | — |
| Titagarh Rail Systems Ltd. | Automobile | 0.97% | ₹13.21 Cr | +1.16% | +1.25% | +1.60% |
| Others | Others | 0.95% | ₹12.97 Cr | +0.75% | +3.06% | +1.83% |
| The Indian Hotels Company Ltd. | Services | 0.92% | ₹12.54 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.90% | ₹12.24 Cr | +1.19% | +3.42% | — |
| Jana Small Finance Bank Ltd. | Financial | 0.87% | ₹11.83 Cr | +1.08% | +1.02% | +1.42% |
| Exide Industries Ltd. | Capital Goods | 0.86% | ₹11.67 Cr | — | — | — |
| Aditya Infotech Ltd. | Communication | 0.81% | ₹11.05 Cr | — | — | — |
| National Aluminium Company Ltd. | Metals & Mining | 0.79% | ₹10.68 Cr | +0.63% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.74% | ₹10.11 Cr | +0.49% | +1.22% | — |
| Apollo Tyres Ltd. | Automobile | 0.73% | ₹9.88 Cr | — | — | — |
| BSE Ltd. | Services | 0.72% | ₹9.85 Cr | +2.90% | +1.99% | +1.58% |
| Tinna Rubber And Infrastructure Ltd. | Chemicals | 0.70% | ₹9.59 Cr | +0.98% | +0.97% | +0.89% |
| company:19533 | Energy | 0.64% | ₹8.65 Cr | — | — | — |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.62% | ₹8.48 Cr | +0.41% | +0.72% | +0.83% |
| Housing & Urban Development Corporation Ltd. | Financial | 0.61% | ₹8.26 Cr | — | — | — |
| Linde India Ltd. | Chemicals | 0.61% | ₹8.26 Cr | +0.71% | +0.77% | — |
| Navin Fluorine International Ltd. | Chemicals | 0.58% | ₹7.93 Cr | — | — | — |
| company:20814 | Services | 0.58% | ₹7.84 Cr | — | — | — |
| Cohance Lifesciences Ltd. | Healthcare | 0.50% | ₹6.81 Cr | +0.64% | +0.52% | +0.95% |
| company:20765 | Services | 0.47% | ₹6.33 Cr | — | — | — |
| JSW Infrastructure Ltd. | Services | 0.45% | ₹6.15 Cr | — | — | — |
| Swiggy Ltd. | Services | 0.41% | ₹5.64 Cr | — | — | +1.74% |
| Coromandel International Ltd. | Chemicals | 0.40% | ₹5.40 Cr | +0.41% | +1.32% | — |
| Delhivery Ltd. | Services | 0.37% | ₹5.02 Cr | +0.82% | +0.76% | — |
| company:20817 | Financial | 0.24% | ₹3.30 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Lupin Ltd. | 1.86% | 0.00% | -1.86% |
| Multi Commodity Exchange Of India Ltd. | 1.04% | 2.25% | +1.21% |
| company:896 | 0.00% | 1.20% | +1.20% |
| Bharat Forge Ltd. | 3.56% | 2.50% | -1.06% |
| Endurance Technologies Ltd. | 1.04% | 1.77% | +0.73% |
| company:19533 | 0.00% | 0.64% | +0.64% |
| One97 Communications Ltd. | 2.90% | 3.53% | +0.63% |
| SRF Ltd. | 2.23% | 1.60% | -0.63% |
| company:20814 | 0.00% | 0.58% | +0.58% |
| BSE Ltd. | 1.27% | 0.72% | -0.54% |
| Arvind Ltd. | 1.98% | 1.47% | -0.51% |
| company:20765 | 0.00% | 0.47% | +0.47% |
| Ashok Leyland Ltd. | 2.01% | 2.48% | +0.46% |
| Dixon Technologies (India) Ltd. | 1.98% | 1.59% | -0.39% |
| Mankind Pharma Ltd. | 0.96% | 1.34% | +0.38% |
| Garware Hi-Tech Films Ltd. | 1.62% | 1.25% | -0.37% |
| The India Cements Ltd. | 0.35% | 0.00% | -0.35% |
| 360 One Wam Ltd. | 1.40% | 1.73% | +0.33% |
| Motilal Oswal Financial Services Ltd. | 1.96% | 2.29% | +0.32% |
| Marico Ltd. | 3.06% | 2.74% | -0.32% |
| Mphasis Ltd. | 1.49% | 1.80% | +0.30% |
| Avalon Technologies Ltd. | 2.76% | 3.05% | +0.29% |
| Godfrey Phillips India Ltd. | 3.17% | 2.90% | -0.27% |
| Acutaas Chemicals Ltd. | 2.40% | 2.13% | -0.27% |
| Tube Investments Of India Ltd. | 2.76% | 2.52% | -0.24% |
| company:20817 | 0.00% | 0.24% | +0.24% |
| Coforge Ltd. | 2.33% | 2.55% | +0.23% |
| Delhivery Ltd. | 0.60% | 0.37% | -0.23% |
| Tinna Rubber And Infrastructure Ltd. | 0.93% | 0.70% | -0.22% |
| JK Cement Ltd. | 1.95% | 1.75% | -0.20% |
| Jana Small Finance Bank Ltd. | 1.07% | 0.87% | -0.20% |
| WeWork India Management Ltd. | 1.58% | 1.38% | -0.19% |
| FSN E-Commerce Ventures Ltd. | 0.85% | 1.03% | +0.18% |
| Apar Industries Ltd. | 0.98% | 1.15% | +0.17% |
| Thermax Ltd. | 1.50% | 1.34% | -0.16% |
| Lenskart Solutions Ltd. | 1.21% | 1.36% | +0.15% |
| Aditya Infotech Ltd. | 0.67% | 0.81% | +0.15% |
| Onesource Specialty Pharma Ltd. | 1.35% | 1.21% | -0.14% |
| Waaree Energies Ltd. | 1.27% | 1.14% | -0.13% |
| Others | 0.43% | 0.56% | +0.13% |
| Alkem Laboratories Ltd. | 1.11% | 0.98% | -0.13% |
| PB Fintech Ltd. | 1.04% | 1.16% | +0.12% |
| Titagarh Rail Systems Ltd. | 1.09% | 0.97% | -0.12% |
| IDFC First Bank Ltd. | 2.97% | 2.88% | -0.10% |
| Poonawalla Fincorp Ltd. | 2.01% | 1.92% | -0.10% |
| E2E Networks Ltd. | 1.16% | 1.25% | +0.09% |
| Jyoti CNC Automation Ltd. | 0.53% | 0.62% | +0.09% |
| Hindustan Petroleum Corporation Ltd. | 0.83% | 0.74% | -0.09% |
| Mahindra & Mahindra Financial Services Ltd. | 0.98% | 0.90% | -0.08% |
| Housing & Urban Development Corporation Ltd. | 0.68% | 0.61% | -0.08% |
| Linde India Ltd. | 0.67% | 0.61% | -0.07% |
| Billionbrains Garage Ventures Ltd. | 1.35% | 1.41% | +0.06% |
| Aurobindo Pharma Ltd. | 1.75% | 1.82% | +0.06% |
| Prestige Estates Projects Ltd. | 1.50% | 1.44% | -0.06% |
| Coromandel International Ltd. | 0.45% | 0.40% | -0.06% |
| CarTrade Tech Ltd. | 1.20% | 1.25% | +0.06% |
| Bharat Heavy Electricals Ltd. | 1.48% | 1.53% | +0.05% |
| JSW Infrastructure Ltd. | 0.40% | 0.45% | +0.05% |
| Navin Fluorine International Ltd. | 0.53% | 0.58% | +0.05% |
| Apollo Tyres Ltd. | 0.68% | 0.73% | +0.05% |
| The Indian Hotels Company Ltd. | 0.97% | 0.92% | -0.05% |
| Bank of Maharashtra | 2.83% | 2.79% | -0.04% |
| Sumitomo Chemical India Ltd. | 1.20% | 1.16% | -0.04% |
| Hero Motocorp Ltd. | 1.04% | 1.00% | -0.04% |
| National Aluminium Company Ltd. | 0.76% | 0.79% | +0.03% |
| Swiggy Ltd. | 0.44% | 0.41% | -0.03% |
| Radico Khaitan Ltd. | 1.34% | 1.32% | -0.02% |
| AU Small Finance Bank Ltd. | 1.50% | 1.48% | -0.02% |
| Sona BLW Precision Forgings Ltd. | 2.02% | 2.03% | +0.01% |
| Exide Industries Ltd. | 0.87% | 0.86% | -0.01% |
| Cohance Lifesciences Ltd. | 0.49% | 0.50% | +0.01% |
| Glenmark Pharmaceuticals Ltd. | 2.44% | 2.44% | 0.00% |
| Syrma SGS Technology Ltd. | 1.69% | 1.69% | 0.00% |
| Hitachi Energy India Ltd. | 0.98% | 0.98% | 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 | ₹13,775 Cr | 2.01% | 12.4% | 14.1% | 18.9% |
 Edelweiss Mid Cap Fund | ₹19,891 Cr | 1.87% | 5.2% | 10.6% | 17.1% |
 HSBC Midcap Fund | ₹17,188 Cr | 2.21% | 20.9% | 16.6% | 20.4% |
 Invesco India Mid Cap Fund | ₹15,905 Cr | 1.88% | 12.3% | 15.2% | 20.0% |
 ICICI Prudential Mid Cap Fund | ₹8,403 Cr | 1.84% | 10.0% | 13.6% | 17.9% |
 WhiteOak Capital Mid Cap Fund | ₹7,485 Cr | 2.25% | 13.9% | 14.3% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies. There is no assurance that the investment objective of the Scheme will be realized.
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 months22.17% absolute | ₹60,000 | ₹73,302 | 22.17% | |
| 1 year10.54% annualised | ₹1,20,000 | ₹1,27,077 | 5.90% | |
| 3 years17.04% annualised | ₹3,60,000 | ₹4,72,322 | 31.20% |
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 Mid cap Fund?
The NAV of JM Mid cap Fund is ₹20.93 as on 25 Sep 2026.
What is the expense ratio of JM Mid cap Fund?
The expense ratio of JM Mid cap Fund is 2.49% per year.
What is the minimum SIP amount for JM Mid cap Fund?
You can start a SIP in JM Mid cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on JM Mid cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 180 days..
How risky is JM Mid cap Fund?
JM Mid cap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages JM Mid cap Fund?
JM Mid cap Fund is managed by JM Financial Mutual Fund, which runs 17 schemes with ₹13,205 Cr under management.