JM Multi Asset Allocation Fund
Multi Asset AllocationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹10.09+0.48%1 day
- Return since launch
- 0.7%
- 52-week range
- ₹9.55 — ₹10.50
- AUM
- ₹167 Cr
JM Multi Asset Allocation Fund is a Multi Asset Allocation hybrid fund from JM Financial Mutual Fund with ₹167 Cr under management, launched in 2026. The expense ratio is 2.73% and the SEBI riskometer reading is Very High.
Performance
JM Multi Asset Allocation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.1% against +0.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
Since launch (24 Jun 2026): 0.7%
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
2.60%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.82%
- Brokerage
- 0.14%
- Transaction charges
- 0.01%
- Statutory levies
- 0.63%
- Exit load
- Exit load of 1%, if redeemed within 60 Days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NA
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 Multi Asset Allocation Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity49.3%
- Debt29.0%
- Commodities15.2%
- Other6.5%
Market cap split
- Large34.4%
- Mid24.9%
- Small40.6%
- P/E
- 36.22
- P/B
- 4.02
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Tata Gold ETF - Growth | Unclassified | 6.84% | ₹11.44 Cr | +7.56% | — | — |
| Others | Others | 4.60% | ₹7.69 Cr | +10.68% | — | — |
| DSP Gold ETF - Growth | Unclassified | 4.35% | ₹7.27 Cr | +1.56% | — | — |
| Piramal Finance Pvt. Ltd. | Financial | 2.99% | ₹5.01 Cr | +3.44% | — | — |
| Power Finance Corporation Ltd. | Financial | 2.99% | ₹5.00 Cr | — | — | — |
| Bank Of Baroda | Financial | 2.96% | ₹4.94 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 2.95% | ₹4.94 Cr | +3.34% | — | — |
| GOI | Sovereign | 2.94% | ₹4.92 Cr | +3.46% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 2.93% | ₹4.90 Cr | +3.39% | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.35% | ₹3.94 Cr | +2.87% | — | — |
| One 97 Communications Ltd. | Services | 2.07% | ₹3.47 Cr | +1.90% | — | — |
| HDFC Bank Ltd. | Financial | 1.91% | ₹3.19 Cr | +2.31% | — | — |
| Larsen & Toubro Ltd. | Construction | 1.89% | ₹3.16 Cr | +2.27% | — | — |
| Rentomojo Ltd. | Services | 1.89% | ₹3.16 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 1.86% | ₹3.11 Cr | +2.22% | — | — |
| Bajaj Finance Ltd. | Financial | 1.84% | ₹3.08 Cr | +2.51% | — | — |
| Manipal Health Enterprises Ltd. | Healthcare | 1.80% | ₹3.00 Cr | +3.43% | — | — |
| Reserve Bank of India | Financial | 1.79% | ₹2.98 Cr | +3.35% | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.68% | ₹2.81 Cr | +1.82% | — | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.67% | ₹2.79 Cr | +2.13% | — | — |
| Zerodha Gold ETF - Growth | Unclassified | 1.66% | ₹2.78 Cr | +1.84% | — | — |
| Eternal Ltd. | Services | 1.63% | ₹2.72 Cr | +1.76% | — | — |
| Aditya Birla Sun Life Silver ETF-Growth | Unclassified | 1.57% | ₹2.63 Cr | +1.78% | — | — |
| Eicher Motors Ltd. | Automobile | 1.51% | ₹2.52 Cr | +1.89% | — | — |
| Titan Company Ltd. | Consumer Discretionary | 1.47% | ₹2.45 Cr | +1.79% | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 1.46% | ₹2.45 Cr | +1.96% | — | — |
| Shriram Finance Ltd | Financial | 1.42% | ₹2.38 Cr | +1.74% | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.41% | ₹2.35 Cr | +1.49% | — | — |
| Graphite India Ltd. | Capital Goods | 1.37% | ₹2.29 Cr | — | — | — |
| Aditya Vision Ltd. | Services | 1.34% | ₹2.23 Cr | — | — | — |
| Premier Energies Ltd. | Energy | 1.33% | ₹2.23 Cr | +1.80% | — | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.33% | ₹2.22 Cr | +1.62% | — | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.32% | ₹2.21 Cr | +1.58% | — | — |
| Endurance Technologies Ltd. | Automobile | 1.16% | ₹1.94 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.14% | ₹1.91 Cr | +1.38% | — | — |
| Ceat Ltd. | Automobile | 1.11% | ₹1.85 Cr | +1.55% | — | — |
| Interglobe Aviation Ltd. | Services | 1.10% | ₹1.85 Cr | +1.31% | — | — |
| Gravita India Ltd. | Metals & Mining | 1.08% | ₹1.80 Cr | +0.77% | — | — |
| DSP Silver ETF - Growth | Unclassified | 1.07% | ₹1.79 Cr | +1.00% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 1.07% | ₹1.79 Cr | +0.85% | — | — |
| The Indian Hotels Company Ltd. | Services | 1.07% | ₹1.78 Cr | +1.24% | — | — |
| Horizon Industrial Parks Ltd. | Services | 1.05% | ₹1.76 Cr | — | — | — |
| Gaja Alternative Asset Management Ltd. | Financial | 1.05% | ₹1.75 Cr | — | — | — |
| Voltamp Transformers Ltd. | Capital Goods | 1.03% | ₹1.72 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.02% | ₹1.71 Cr | +1.47% | — | — |
| JSW Energy Ltd. | Capital Goods | 1.02% | ₹1.71 Cr | +0.74% | — | — |
| Linde India Ltd. | Chemicals | 0.96% | ₹1.61 Cr | +1.18% | — | — |
| Tatva Chintan Pharma Chem Ltd. | Chemicals | 0.93% | ₹1.55 Cr | +0.76% | — | — |
| Brookfield India Real Estate Trust REIT | Construction | 0.88% | ₹1.48 Cr | +1.03% | — | — |
| Embassy Office Parks REIT | Construction | 0.73% | ₹1.22 Cr | +0.84% | — | — |
| 360 ONE Wealth Ltd. | Financial | 0.60% | ₹1.00 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Power Finance Corporation Ltd. | 0.00% | 2.99% | +2.99% |
| Bank Of Baroda | 0.00% | 2.96% | +2.96% |
| Others | 3.37% | 0.89% | -2.48% |
| Coforge Ltd. | 2.42% | 0.00% | -2.42% |
| Manipal Health Enterprises Ltd. | 4.06% | 1.80% | -2.26% |
| Rentomojo Ltd. | 0.00% | 1.89% | +1.89% |
| Graphite India Ltd. | 0.00% | 1.37% | +1.37% |
| Tata Gold ETF - Growth | 7.52% | 6.84% | -0.67% |
| 360 ONE Wealth Ltd. | 0.00% | 0.60% | +0.60% |
| DSP Gold ETF - Growth | 4.78% | 4.35% | -0.44% |
| Voltamp Transformers Ltd. | 0.62% | 1.03% | +0.41% |
| Premier Energies Ltd. | 1.67% | 1.33% | -0.33% |
| Amber Enterprises India Ltd. | 2.00% | 1.67% | -0.33% |
| Tatva Chintan Pharma Chem Ltd. | 0.63% | 0.93% | +0.30% |
| Gravita India Ltd. | 0.78% | 1.08% | +0.29% |
| Bajaj Finance Ltd. | 2.13% | 1.84% | -0.29% |
| Shriram Finance Ltd | 1.69% | 1.42% | -0.26% |
| Endurance Technologies Ltd. | 0.90% | 1.16% | +0.26% |
| Eicher Motors Ltd. | 1.76% | 1.51% | -0.25% |
| Titan Company Ltd. | 1.71% | 1.47% | -0.25% |
| Larsen & Toubro Ltd. | 2.14% | 1.89% | -0.24% |
| Honasa Consumer Ltd. | 1.55% | 1.32% | -0.22% |
| IDFC First Bank Ltd. | 2.06% | 1.86% | -0.20% |
| Horizon Industrial Parks Ltd. | 1.25% | 1.05% | -0.20% |
| GOI | 3.14% | 2.94% | -0.19% |
| Aditya Birla Sun Life Silver ETF-Growth | 1.76% | 1.57% | -0.19% |
| Ujjivan Small Finance Bank Ltd. | 2.53% | 2.35% | -0.18% |
| Navin Fluorine International Ltd. | 0.89% | 1.07% | +0.17% |
| Zerodha Gold ETF - Growth | 1.83% | 1.66% | -0.16% |
| JSW Energy Ltd. | 0.87% | 1.02% | +0.16% |
| One 97 Communications Ltd. | 2.23% | 2.07% | -0.15% |
| National Bank For Agriculture & Rural Development | 3.08% | 2.93% | -0.15% |
| Piramal Finance Pvt. Ltd. | 3.14% | 2.99% | -0.15% |
| Gaja Alternative Asset Management Ltd. | 1.19% | 1.05% | -0.14% |
| Samvardhana Motherson International Ltd. | 1.54% | 1.41% | -0.14% |
| Axis Bank Ltd. | 3.08% | 2.95% | -0.13% |
| DSP Silver ETF - Growth | 1.20% | 1.07% | -0.13% |
| Eternal Ltd. | 1.75% | 1.63% | -0.12% |
| Adani Ports and Special Economic Zone Ltd. | 1.56% | 1.68% | +0.12% |
| Interglobe Aviation Ltd. | 1.22% | 1.10% | -0.11% |
| Ceat Ltd. | 1.22% | 1.11% | -0.11% |
| Billionbrains Garage Ventures Ltd. | 1.25% | 1.14% | -0.11% |
| Nippon Life India Asset Management Ltd. | 0.91% | 1.02% | +0.11% |
| HDFC Bank Ltd. | 2.00% | 1.91% | -0.10% |
| Aditya Vision Ltd. | 1.42% | 1.34% | -0.08% |
| Reserve Bank of India | 1.87% | 1.79% | -0.08% |
| The Indian Hotels Company Ltd. | 1.13% | 1.07% | -0.07% |
| Onesource Specialty Pharma Ltd. | 1.39% | 1.33% | -0.06% |
| Brookfield India Real Estate Trust REIT | 0.94% | 0.88% | -0.06% |
| Linde India Ltd. | 1.02% | 0.96% | -0.06% |
| Embassy Office Parks REIT | 0.77% | 0.73% | -0.04% |
| Diamond Power Infrastructure Ltd. | 1.51% | 1.46% | -0.04% |
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 | ₹10,235 Cr | 1.65% | 3.1% | 11.6% | 14.7% |
 Nippon India Multi Asset Allocation Fund | ₹18,044 Cr | 1.45% | 3.5% | 11.6% | 14.6% |
 Kotak Multi Asset Allocation Fund | ₹15,236 Cr | 1.78% | -0.5% | 10.8% | — |
 DSP Multi Asset Allocation Fund | ₹10,820 Cr | 1.57% | 3.3% | 12.8% | — |
 Quant Multi Asset Allocation Fund | ₹6,608 Cr | 2.14% | 4.7% | 12.3% | 16.4% |
 Aditya Birla Sun Life Multi-Asset Omni FoF | ₹468 Cr | 1.32% | 4.6% | 10.6% | 13.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The schemes seeks to provide long term capital appreciation and generate income by investing in instruments across multiple asset classes viz. Equity, Debt, Gold/silver related instruments and other exchange traded commodity derivatives.
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.
- Killol PandyaMr. Pandya is a B.Com (H) from N.M College of Commerce, DPCM from ICFAI and MMS (Finance) from K.J. Somaiya Institute of Management Studies and Research.Prior to joining JM Financial Asset Management Limited he has worked with Barclays Securities India Private Ltd,Peerless Funds Management Co. Limited, LIC Nomura Mutual Fund AMC , Daiwa Asset Management (India) Pvt. Ltd., SBI Funds Management Pvt Ltd., IL&FS Investsmart Ltd. and Darashaw & Co. Pvt. Ltd.
- 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.
₹
No return history published for this fund yet.
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 Multi Asset Allocation Fund?
The NAV of JM Multi Asset Allocation Fund is ₹10.09 as on 9 Nov 2026.
What is the expense ratio of JM Multi Asset Allocation Fund?
The expense ratio of JM Multi Asset Allocation Fund is 2.73% per year.
What is the minimum SIP amount for JM Multi Asset Allocation Fund?
You can start a SIP in JM Multi Asset Allocation Fund with ₹3,000 a month.
Is there a lock-in or exit load on JM Multi Asset Allocation Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 60 Days..
How risky is JM Multi Asset Allocation Fund?
JM Multi Asset Allocation Fund is rated Very High on the SEBI riskometer and belongs to the Multi Asset Allocation category.