JM Multi Asset Allocation Fund
- NAV as on 25 Sep 2026
- ₹10.19+0.16%1 day
- Return since launch
- 2.1%
- 52-week range
- ₹9.88 — ₹10.50
- AUM
- ₹159 Cr
JM Multi Asset Allocation Fund is a Multi Asset Allocation hybrid fund from JM Financial Mutual Fund with ₹159 Cr under management, launched in 2026. The expense ratio is 4.43% 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 +2.1% against -0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
Since launch (24 Jun 2026): 2.1%
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
3.02%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.82%
- Brokerage
- 0.27%
- Transaction charges
- 0.03%
- Statutory levies
- 0.90%
- 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.
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 31 Aug 2026
Asset allocation
- Equity53.0%
- Debt27.0%
- Commodities16.8%
- Other3.2%
Market cap split
- Large35.4%
- Mid32.6%
- Small32.0%
- P/E
- 38.68
- P/B
- 4.17
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Tata Gold ETF - Growth | Unclassified | 7.52% | ₹11.97 Cr | — | — | — |
| DSP Gold ETF - Growth | Unclassified | 4.78% | ₹7.62 Cr | — | — | — |
| Others | Others | 4.58% | ₹7.29 Cr | — | — | — |
| Manipal Health Enterprises Ltd. | Healthcare | 4.06% | ₹6.46 Cr | — | — | — |
| Piramal Finance Pvt. Ltd. | Financial | 3.14% | ₹5.01 Cr | — | — | — |
| GOI | Sovereign | 3.14% | ₹5.00 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 3.08% | ₹4.91 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 3.08% | ₹4.91 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.53% | ₹4.03 Cr | — | — | — |
| Coforge Ltd. | Technology | 2.42% | ₹3.86 Cr | — | — | — |
| One97 Communications Ltd. | Services | 2.23% | ₹3.55 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 2.14% | ₹3.40 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 2.13% | ₹3.39 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 2.06% | ₹3.29 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 2.00% | ₹3.19 Cr | — | — | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 2.00% | ₹3.19 Cr | — | — | — |
| Reserve Bank of India | Financial | 1.87% | ₹2.97 Cr | — | — | — |
| Zerodha Gold ETF - Growth | Unclassified | 1.83% | ₹2.91 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 1.76% | ₹2.80 Cr | — | — | — |
| Aditya Birla Sun Life Silver ETF-Growth | Unclassified | 1.76% | ₹2.80 Cr | — | — | — |
| Eternal Ltd. | Services | 1.75% | ₹2.79 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 1.71% | ₹2.72 Cr | — | — | — |
| Shriram Finance Ltd | Financial | 1.69% | ₹2.69 Cr | — | — | — |
| Premier Energies Ltd. | Energy | 1.67% | ₹2.66 Cr | — | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.56% | ₹2.49 Cr | — | — | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.55% | ₹2.46 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.54% | ₹2.46 Cr | — | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 1.51% | ₹2.40 Cr | — | — | — |
| company:14523 | Services | 1.42% | ₹2.26 Cr | — | — | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.39% | ₹2.22 Cr | — | — | — |
| company:20814 | Services | 1.25% | ₹1.99 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.25% | ₹1.99 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 1.22% | ₹1.94 Cr | — | — | — |
| Ceat Ltd. | Automobile | 1.22% | ₹1.94 Cr | — | — | — |
| DSP Silver ETF - Growth | Unclassified | 1.20% | ₹1.91 Cr | — | — | — |
| company:20817 | Financial | 1.19% | ₹1.89 Cr | — | — | — |
| The Indian Hotels Company Ltd. | Services | 1.13% | ₹1.80 Cr | — | — | — |
| Linde India Ltd. | Chemicals | 1.02% | ₹1.62 Cr | — | — | — |
| Brookfield India Real Estate Trust REIT | Construction | 0.94% | ₹1.50 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 0.91% | ₹1.46 Cr | — | — | — |
| company:14468 | Automobile | 0.90% | ₹1.44 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 0.89% | ₹1.42 Cr | — | — | — |
| JSW Energy Ltd. | Capital Goods | 0.87% | ₹1.38 Cr | — | — | — |
| Gravita India Ltd. | Metals & Mining | 0.78% | ₹1.25 Cr | — | — | — |
| Embassy Office Parks REIT | Construction | 0.77% | ₹1.23 Cr | — | — | — |
| Tatva Chintan Pharma Chem Ltd. | Chemicals | 0.63% | ₹1.01 Cr | — | — | — |
| company:7977 | Capital Goods | 0.62% | ₹0.98 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| DSP Gold ETF - Growth | 1.56% | 4.78% | +3.23% |
| Others | 5.34% | 3.37% | -1.97% |
| Reserve Bank of India | 3.35% | 1.87% | -1.48% |
| company:14523 | 0.00% | 1.42% | +1.42% |
| company:20814 | 0.00% | 1.25% | +1.25% |
| company:20817 | 0.00% | 1.19% | +1.19% |
| Tata Motors Passenger Vehicles Ltd. | 1.18% | 0.00% | -1.18% |
| Hindustan Aeronautics Ltd. | 1.16% | 0.00% | -1.16% |
| company:14468 | 0.00% | 0.90% | +0.90% |
| Dr. Lal Pathlabs Ltd. | 0.75% | 0.00% | -0.75% |
| Manipal Health Enterprises Ltd. | 3.43% | 4.06% | +0.63% |
| company:7977 | 0.00% | 0.62% | +0.62% |
| Nippon Life India Asset Management Ltd. | 1.47% | 0.91% | -0.55% |
| Diamond Power Infrastructure Ltd. | 1.96% | 1.51% | -0.45% |
| Bajaj Finance Ltd. | 2.51% | 2.13% | -0.38% |
| Ujjivan Small Finance Bank Ltd. | 2.87% | 2.53% | -0.34% |
| Ceat Ltd. | 1.55% | 1.22% | -0.33% |
| One97 Communications Ltd. | 1.90% | 2.23% | +0.32% |
| GOI | 3.46% | 3.14% | -0.32% |
| HDFC Bank Ltd. | 2.31% | 2.00% | -0.31% |
| National Bank For Agriculture & Rural Development | 3.39% | 3.08% | -0.30% |
| Piramal Finance Pvt. Ltd. | 3.44% | 3.14% | -0.30% |
| Axis Bank Ltd. | 3.34% | 3.08% | -0.26% |
| Adani Ports and Special Economic Zone Ltd. | 1.82% | 1.56% | -0.26% |
| Onesource Specialty Pharma Ltd. | 1.62% | 1.39% | -0.23% |
| DSP Silver ETF - Growth | 1.00% | 1.20% | +0.20% |
| IDFC First Bank Ltd. | 2.22% | 2.06% | -0.16% |
| Linde India Ltd. | 1.18% | 1.02% | -0.16% |
| Larsen & Toubro Ltd. | 2.27% | 2.14% | -0.14% |
| Eicher Motors Ltd. | 1.89% | 1.76% | -0.13% |
| Amber Enterprises India Ltd. | 2.13% | 2.00% | -0.13% |
| Billionbrains Garage Ventures Ltd. | 1.38% | 1.25% | -0.13% |
| Premier Energies Ltd. | 1.80% | 1.67% | -0.13% |
| Coforge Ltd. | 2.29% | 2.42% | +0.13% |
| Tatva Chintan Pharma Chem Ltd. | 0.76% | 0.63% | -0.13% |
| JSW Energy Ltd. | 0.74% | 0.87% | +0.12% |
| The Indian Hotels Company Ltd. | 1.24% | 1.13% | -0.11% |
| Interglobe Aviation Ltd. | 1.31% | 1.22% | -0.10% |
| Brookfield India Real Estate Trust REIT | 1.03% | 0.94% | -0.09% |
| Titan Company Ltd. | 1.79% | 1.71% | -0.08% |
| Embassy Office Parks REIT | 0.84% | 0.77% | -0.07% |
| Samvardhana Motherson International Ltd. | 1.49% | 1.54% | +0.05% |
| Shriram Finance Ltd | 1.74% | 1.69% | -0.05% |
| Tata Gold ETF - Growth | 7.56% | 7.52% | -0.05% |
| Navin Fluorine International Ltd. | 0.85% | 0.89% | +0.04% |
| Honasa Consumer Ltd. | 1.58% | 1.55% | -0.03% |
| Aditya Birla Sun Life Silver ETF-Growth | 1.78% | 1.76% | -0.02% |
| Gravita India Ltd. | 0.77% | 0.78% | +0.01% |
| Eternal Ltd. | 1.76% | 1.75% | -0.01% |
| Zerodha Gold ETF - Growth | 1.84% | 1.83% | -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 | ₹7,364 Cr | 1.57% | 6.5% | 12.7% | 15.4% |
 Nippon India Multi Asset Allocation Fund | ₹17,984 Cr | 1.44% | 5.9% | 13.3% | 15.5% |
 WhiteOak Capital Multi Asset Allocation Fund | ₹8,778 Cr | 1.67% | 7.9% | 13.1% | — |
 Quant Multi Asset Allocation Fund | ₹6,528 Cr | 2.32% | 7.5% | 14.1% | 17.5% |
| Nippon India Multi - Asset Omni FoF | ₹3,056 Cr | 1.08% | 4.9% | 11.0% | 14.7% |
 Aditya Birla Sun Life Multi-Asset Omni FoF | ₹478 Cr | 1.33% | 6.6% | 11.8% | 13.9% |
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.
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.