JM Mid cap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹20.65+0.70%1 day
- Return since launch
- 19.8%
- 52-week range
- ₹16.64 — ₹21.68
- AUM
- ₹1,303 Cr
JM Mid cap Fund is a Mid Cap equity fund from JM Financial Mutual Fund with ₹1,303 Cr under management, launched in 2022. Over three years it has returned 8.7% a year, against 14.8% for its category. The expense ratio is 2.46% 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 +7.0% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 11.0% | +7.4 pts | 3.6% | 3.6% |
| 2Y | 8.2% | +1.8 pts | 6.3% | 5.2% |
| 3Y | 8.7% | −6.1 pts | 14.8% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.5% | −1.3 pts | 2.8% | 2.5% |
| 3M | -3.6% | −0.2 pts | -3.4% | -4.2% |
| 6M | 3.9% | +1.6 pts | 2.3% | 0.9% |
| 1Y | 7.0% | +3.4 pts | 3.6% | 2.1% |
| 2Y | 3.8% | 0.0 pts | 3.9% | 3.4% |
| 3Y | 16.2% | +1.4 pts | 14.8% | 13.6% |
Since launch (31 Oct 2022): 19.8%
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
2.44%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.85%
- 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 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 | 1.88 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.55 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.85 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 19.47 | 19.25 | 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 30 Sep 2026
Asset allocation
- Equity98.4%
- Other1.6%
Market cap split
- Large5.0%
- Mid68.7%
- Small26.3%
- P/E
- 36.13
- P/B
- 4.51
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One 97 Communications Ltd. | Services | 3.60% | ₹46.94 Cr | +1.73% | +1.43% | +1.84% |
| Avalon Technologies Ltd. | Capital Goods | 3.08% | ₹40.19 Cr | +3.37% | +2.35% | +2.54% |
| Mankind Pharma Ltd. | Healthcare | 2.89% | ₹37.61 Cr | — | — | — |
| Godfrey Phillips India Ltd. | Consumer Staples | 2.86% | ₹37.30 Cr | +3.28% | +3.62% | +4.63% |
| IDFC First Bank Ltd. | Financial | 2.84% | ₹37.06 Cr | +2.21% | +1.82% | +1.03% |
| Bank of Maharashtra | Financial | 2.81% | ₹36.65 Cr | +2.99% | +2.51% | +1.48% |
| Marico Ltd. | Consumer Staples | 2.74% | ₹35.76 Cr | +2.99% | +3.28% | +2.41% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 2.66% | ₹34.72 Cr | +2.53% | +3.77% | +1.92% |
| Sona BLW Precision Forgings Ltd. | Automobile | 2.39% | ₹31.13 Cr | +0.88% | +0.57% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 2.28% | ₹29.70 Cr | +1.07% | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 2.28% | ₹29.67 Cr | +3.04% | +3.22% | +1.21% |
| Motilal Oswal Financial Services Ltd. | Financial | 2.28% | ₹29.66 Cr | +1.97% | +1.63% | +3.15% |
| Ashok Leyland Ltd. | Automobile | 2.27% | ₹29.59 Cr | +1.82% | +1.87% | — |
| Bharat Forge Ltd. | Automobile | 2.24% | ₹29.13 Cr | +3.52% | +3.60% | +1.49% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.21% | ₹28.80 Cr | — | — | — |
| Tube Investments Of India Ltd. | Automobile | 2.20% | ₹28.70 Cr | +3.09% | +3.33% | +2.39% |
| Syrma SGS Technology Ltd. | Capital Goods | 2.19% | ₹28.53 Cr | +1.75% | +0.97% | +1.77% |
| Aurobindo Pharma Ltd. | Healthcare | 1.85% | ₹24.05 Cr | +1.78% | +1.76% | +1.09% |
| JK Cement Ltd. | Materials | 1.81% | ₹23.53 Cr | +1.98% | +3.51% | +3.07% |
| Endurance Technologies Ltd. | Automobile | 1.71% | ₹22.32 Cr | +0.78% | — | — |
| Poonawalla Fincorp Ltd. | Financial | 1.70% | ₹22.19 Cr | +1.77% | +0.92% | — |
| Mphasis Ltd. | Technology | 1.66% | ₹21.68 Cr | +1.05% | +0.50% | — |
| Others | Others | 1.64% | ₹21.38 Cr | +1.79% | +3.09% | +0.21% |
| SRF Ltd. | Chemicals | 1.61% | ₹21.03 Cr | +2.11% | +2.34% | — |
| 360 One Wam Ltd. | Financial | 1.58% | ₹20.61 Cr | +1.12% | +1.15% | +1.22% |
| Radico Khaitan Ltd. | Consumer Staples | 1.51% | ₹19.65 Cr | — | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.50% | ₹19.53 Cr | +1.53% | +1.20% | +1.25% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.47% | ₹19.13 Cr | +1.88% | +1.43% | +1.72% |
| AU Small Finance Bank Ltd. | Financial | 1.43% | ₹18.69 Cr | +1.38% | +1.43% | +1.23% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.41% | ₹18.42 Cr | +1.33% | +0.96% | — |
| Arvind Ltd. | Textiles | 1.41% | ₹18.36 Cr | +3.02% | +2.27% | +1.69% |
| WeWork India Management Ltd. | Services | 1.39% | ₹18.14 Cr | +1.57% | +1.24% | — |
| E2E Networks Ltd. | Technology | 1.37% | ₹17.91 Cr | +0.90% | +0.58% | +0.73% |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.26% | ₹16.42 Cr | +1.40% | +1.66% | +1.81% |
| Garware Hi-Tech Films Ltd. | Materials | 1.23% | ₹15.98 Cr | +1.74% | +1.53% | +1.04% |
| CarTrade Tech Ltd. | Services | 1.22% | ₹15.95 Cr | +1.27% | +0.86% | +1.05% |
| Thermax Ltd. | Capital Goods | 1.22% | ₹15.86 Cr | +0.98% | — | +0.49% |
| Apar Industries Ltd. | Consumer Staples | 1.18% | ₹15.35 Cr | +1.09% | — | — |
| Piramal Finance Ltd. | Financial | 1.11% | ₹14.53 Cr | — | — | — |
| Waaree Energies Ltd. | Energy | 1.08% | ₹14.08 Cr | +1.37% | +1.37% | +2.45% |
| Hitachi Energy India Ltd. | Capital Goods | 1.05% | ₹13.63 Cr | +1.49% | +1.15% | — |
| Prestige Estates Projects Ltd. | Construction | 1.02% | ₹13.34 Cr | +0.98% | +0.77% | +1.48% |
| Sumitomo Chemical India Ltd. | Chemicals | 1.01% | ₹13.22 Cr | +1.04% | +1.15% | +1.80% |
| Titagarh Rail Systems Ltd. | Automobile | 1.01% | ₹13.21 Cr | +1.18% | +1.14% | +1.68% |
| Hero Motocorp Ltd. | Automobile | 1.01% | ₹13.10 Cr | +1.13% | +2.98% | — |
| Alkem Laboratories Ltd. | Healthcare | 0.99% | ₹12.91 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 0.98% | ₹12.80 Cr | +0.80% | +0.69% | — |
| The Indian Hotels Company Ltd. | Services | 0.95% | ₹12.39 Cr | — | — | — |
| BSE Ltd. | Services | 0.95% | ₹12.37 Cr | +2.40% | +2.24% | +2.05% |
| Aditya Infotech Ltd. | Communication | 0.91% | ₹11.92 Cr | — | — | — |
| ACME Solar Holdings Ltd. | Energy | 0.91% | ₹11.87 Cr | — | — | — |
| Exide Industries Ltd. | Capital Goods | 0.84% | ₹10.93 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.82% | ₹10.66 Cr | +0.96% | +1.79% | — |
| Jana Small Finance Bank Ltd. | Financial | 0.80% | ₹10.38 Cr | +0.96% | +1.10% | +1.38% |
| PB Fintech Ltd. | Services | 0.74% | ₹9.67 Cr | +1.20% | +0.96% | +1.52% |
| National Aluminium Company Ltd. | Metals & Mining | 0.73% | ₹9.55 Cr | +0.24% | — | — |
| Linde India Ltd. | Chemicals | 0.73% | ₹9.49 Cr | +0.74% | +0.87% | — |
| Apollo Tyres Ltd. | Automobile | 0.70% | ₹9.11 Cr | — | — | — |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.68% | ₹8.86 Cr | +0.51% | +0.70% | +0.77% |
| Tinna Rubber And Infrastructure Ltd. | Chemicals | 0.64% | ₹8.32 Cr | +1.14% | +0.81% | +1.04% |
| Housing & Urban Development Corporation Ltd. | Financial | 0.58% | ₹7.56 Cr | +0.48% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 0.58% | ₹7.53 Cr | — | — | — |
| Swiggy Ltd. | Services | 0.58% | ₹7.50 Cr | — | — | +1.78% |
| Horizon Industrial Parks Ltd. | Services | 0.53% | ₹6.93 Cr | — | — | — |
| Cohance Lifesciences Ltd. | Healthcare | 0.51% | ₹6.63 Cr | +0.61% | +0.57% | +1.15% |
| JSW Infrastructure Ltd. | Services | 0.49% | ₹6.45 Cr | +0.42% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.42% | ₹5.48 Cr | +0.78% | +1.04% | — |
| LEAP India Ltd. | Services | 0.40% | ₹5.20 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 0.38% | ₹4.98 Cr | +0.45% | +1.26% | — |
| Delhivery Ltd. | Services | 0.35% | ₹4.51 Cr | +0.56% | +0.82% | — |
| Varmora Granito Ltd. | Materials | 0.29% | ₹3.77 Cr | — | — | — |
| Gaja Alternative Asset Management Ltd. | Financial | 0.23% | ₹3.06 Cr | — | — | — |
| ESDS Software Solution Ltd. | Technology | 0.01% | ₹0.17 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Coforge Ltd. | 2.55% | 0.00% | -2.55% |
| Mankind Pharma Ltd. | 1.34% | 2.89% | +1.55% |
| Lenskart Solutions Ltd. | 1.36% | 2.21% | +0.85% |
| Syrma SGS Technology Ltd. | 1.69% | 2.19% | +0.50% |
| Prestige Estates Projects Ltd. | 1.44% | 1.02% | -0.42% |
| PB Fintech Ltd. | 1.16% | 0.74% | -0.41% |
| Sona BLW Precision Forgings Ltd. | 2.03% | 2.39% | +0.36% |
| Hindustan Petroleum Corporation Ltd. | 0.74% | 0.42% | -0.32% |
| Tube Investments Of India Ltd. | 2.52% | 2.20% | -0.32% |
| Varmora Granito Ltd. | 0.00% | 0.29% | +0.29% |
| ACME Solar Holdings Ltd. | 0.64% | 0.91% | +0.27% |
| Bharat Forge Ltd. | 2.50% | 2.24% | -0.26% |
| Glenmark Pharmaceuticals Ltd. | 2.44% | 2.66% | +0.23% |
| BSE Ltd. | 0.72% | 0.95% | +0.23% |
| Poonawalla Fincorp Ltd. | 1.92% | 1.70% | -0.21% |
| Ashok Leyland Ltd. | 2.48% | 2.27% | -0.21% |
| Radico Khaitan Ltd. | 1.32% | 1.51% | +0.19% |
| Swiggy Ltd. | 0.41% | 0.58% | +0.16% |
| 360 One Wam Ltd. | 1.73% | 1.58% | -0.15% |
| Acutaas Chemicals Ltd. | 2.13% | 2.28% | +0.15% |
| Sumitomo Chemical India Ltd. | 1.16% | 1.01% | -0.15% |
| Mphasis Ltd. | 1.80% | 1.66% | -0.13% |
| Dixon Technologies (India) Ltd. | 1.59% | 1.47% | -0.13% |
| Thermax Ltd. | 1.34% | 1.22% | -0.12% |
| E2E Networks Ltd. | 1.25% | 1.37% | +0.12% |
| Linde India Ltd. | 0.61% | 0.73% | +0.12% |
| Aditya Infotech Ltd. | 0.81% | 0.91% | +0.10% |
| Piramal Finance Ltd. | 1.20% | 1.11% | -0.09% |
| Mahindra & Mahindra Financial Services Ltd. | 0.90% | 0.82% | -0.08% |
| Jana Small Finance Bank Ltd. | 0.87% | 0.80% | -0.07% |
| One 97 Communications Ltd. | 3.53% | 3.60% | +0.07% |
| LEAP India Ltd. | 0.47% | 0.40% | -0.07% |
| Tinna Rubber And Infrastructure Ltd. | 0.70% | 0.64% | -0.07% |
| Hitachi Energy India Ltd. | 0.98% | 1.05% | +0.07% |
| Arvind Ltd. | 1.47% | 1.41% | -0.06% |
| Endurance Technologies Ltd. | 1.77% | 1.71% | -0.06% |
| Others | 0.56% | 0.50% | -0.06% |
| Jyoti CNC Automation Ltd. | 0.62% | 0.68% | +0.06% |
| JK Cement Ltd. | 1.75% | 1.81% | +0.06% |
| Waaree Energies Ltd. | 1.14% | 1.08% | -0.06% |
| Onesource Specialty Pharma Ltd. | 1.21% | 1.26% | +0.05% |
| National Aluminium Company Ltd. | 0.79% | 0.73% | -0.05% |
| FSN E-Commerce Ventures Ltd. | 1.03% | 0.98% | -0.05% |
| Horizon Industrial Parks Ltd. | 0.58% | 0.53% | -0.04% |
| AU Small Finance Bank Ltd. | 1.48% | 1.43% | -0.04% |
| JSW Infrastructure Ltd. | 0.45% | 0.49% | +0.04% |
| Titagarh Rail Systems Ltd. | 0.97% | 1.01% | +0.04% |
| Godfrey Phillips India Ltd. | 2.90% | 2.86% | -0.03% |
| IDFC First Bank Ltd. | 2.88% | 2.84% | -0.03% |
| Bharat Heavy Electricals Ltd. | 1.53% | 1.50% | -0.03% |
| Avalon Technologies Ltd. | 3.05% | 3.08% | +0.03% |
| CarTrade Tech Ltd. | 1.25% | 1.22% | -0.03% |
| Aurobindo Pharma Ltd. | 1.82% | 1.85% | +0.03% |
| Multi Commodity Exchange Of India Ltd. | 2.25% | 2.28% | +0.03% |
| Apar Industries Ltd. | 1.15% | 1.18% | +0.03% |
| The Indian Hotels Company Ltd. | 0.92% | 0.95% | +0.03% |
| Apollo Tyres Ltd. | 0.73% | 0.70% | -0.03% |
| Housing & Urban Development Corporation Ltd. | 0.61% | 0.58% | -0.03% |
| Bank of Maharashtra | 2.79% | 2.81% | +0.03% |
| Delhivery Ltd. | 0.37% | 0.35% | -0.02% |
| Garware Hi-Tech Films Ltd. | 1.25% | 1.23% | -0.02% |
| Exide Industries Ltd. | 0.86% | 0.84% | -0.02% |
| Coromandel International Ltd. | 0.40% | 0.38% | -0.01% |
| ESDS Software Solution Ltd. | 0.00% | 0.01% | +0.01% |
| SRF Ltd. | 1.60% | 1.61% | +0.01% |
| Motilal Oswal Financial Services Ltd. | 2.29% | 2.28% | -0.01% |
| Alkem Laboratories Ltd. | 0.98% | 0.99% | +0.01% |
| WeWork India Management Ltd. | 1.38% | 1.39% | +0.01% |
| Cohance Lifesciences Ltd. | 0.50% | 0.51% | +0.01% |
| Gaja Alternative Asset Management Ltd. | 0.24% | 0.23% | -0.01% |
| Navin Fluorine International Ltd. | 0.58% | 0.58% | 0.00% |
| Hero Motocorp Ltd. | 1.00% | 1.01% | 0.00% |
| Marico Ltd. | 2.74% | 2.74% | 0.00% |
| Billionbrains Garage Ventures Ltd. | 1.41% | 1.41% | 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 | ₹13,591 Cr | 1.99% | 9.0% | 12.0% | 17.5% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — |
 ICICI Prudential Mid Cap Fund | ₹7,695 Cr | 1.83% | 2.9% | 10.3% | 15.9% |
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 months3.94% absolute | ₹60,000 | ₹62,364 | 3.94% | |
| 1 year6.97% annualised | ₹1,20,000 | ₹1,24,628 | 3.86% | |
| 3 years16.18% annualised | ₹3,60,000 | ₹4,65,699 | 29.36% |
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 ₹20.65 as on 9 Nov 2026.
What is the expense ratio of JM Mid cap Fund?
The expense ratio of JM Mid cap Fund is 2.46% 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 ₹13,500 Cr under management.