JM Small Cap Fund
- NAV as on 25 Sep 2026
- ₹11.59+0.47%1 day
- Return since launch
- 6.8%
- 52-week range
- ₹8.20 — ₹11.76
- AUM
- ₹929 Cr
JM Small Cap Fund is a Small Cap equity fund from JM Financial Mutual Fund with ₹929 Cr under management, launched in 2024. The expense ratio is 2.53% and the SEBI riskometer reading is Very High.
Performance
JM Small Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +17.2% against +13.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 31.9% | +17.7 pts | 14.3% | 22.6% |
| 2Y | 16.4% | +3.4 pts | 13.0% | 12.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.5% | +0.2 pts | -0.7% | -1.1% |
| 3M | 4.4% | −0.8 pts | 5.3% | 4.8% |
| 6M | 37.7% | +10.4 pts | 27.3% | 25.9% |
| 1Y | 17.2% | +2.9 pts | 14.3% | 13.9% |
| 2Y | 2.8% | +0.3 pts | 2.5% | 2.2% |
Since launch (27 May 2024): 6.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -8.4% | −5.1 pts | -3.3% |
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
2.54%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.94%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.50%
- 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 Smallcap 250 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.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
JM Small Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.4%
- Debt1.2%
- Other0.4%
Market cap split
- Mid4.1%
- Small95.9%
- P/E
- 30.66
- P/B
- 3.13
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Garware Hi-Tech Films Ltd. | Materials | 4.64% | ₹43.08 Cr | +6.02% | +5.51% | +3.30% |
| Navin Fluorine International Ltd. | Chemicals | 3.19% | ₹29.64 Cr | +3.03% | +2.38% | +0.66% |
| Acutaas Chemicals Ltd. | Healthcare | 2.91% | ₹27.06 Cr | +4.12% | +3.57% | +2.36% |
| Five-Star Business Finance Ltd. | Financial | 2.76% | ₹25.68 Cr | +1.98% | +0.68% | +1.12% |
| Fusion Finance Ltd. | Financial | 2.67% | ₹24.77 Cr | +1.59% | +0.58% | — |
| Shaily Engineering Plastics Ltd. | Materials | 2.65% | ₹24.66 Cr | +3.09% | +2.54% | +2.30% |
| Jana Small Finance Bank Ltd. | Financial | 2.37% | ₹22.04 Cr | +3.07% | +2.66% | +3.18% |
| Avalon Technologies Ltd. | Capital Goods | 2.30% | ₹21.36 Cr | +2.19% | +1.66% | +1.51% |
| TD Power Systems Ltd. | Capital Goods | 2.17% | ₹20.20 Cr | +3.25% | +2.52% | +1.89% |
| Gokaldas Exports Ltd. | Textiles | 2.15% | ₹19.98 Cr | +1.90% | — | — |
| Thangamayil Jewellery Ltd. | Consumer Discretionary | 2.13% | ₹19.82 Cr | +1.74% | +2.01% | +1.26% |
| Ather Energy Ltd. | Automobile | 2.04% | ₹19.01 Cr | +1.20% | +0.83% | — |
| Godfrey Phillips India Ltd. | Consumer Staples | 1.94% | ₹18.05 Cr | +3.91% | +4.66% | +7.29% |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.93% | ₹17.91 Cr | +2.95% | +2.28% | +2.60% |
| Fineotex Chemical Ltd. | Chemicals | 1.89% | ₹17.56 Cr | — | — | — |
| City Union Bank Ltd. | Financial | 1.82% | ₹16.92 Cr | +1.51% | +1.93% | +0.93% |
| Belrise Industries Ltd. | Automobile | 1.69% | ₹15.72 Cr | +0.49% | — | — |
| CreditAccess Grameen Ltd. | Financial | 1.69% | ₹15.68 Cr | +2.31% | +3.62% | +3.82% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.64% | ₹15.20 Cr | +2.40% | +3.70% | +3.27% |
| Manorama Industries Ltd. | Consumer Staples | 1.63% | ₹15.13 Cr | — | — | — |
| Others | Others | 1.61% | ₹14.95 Cr | +0.61% | +1.05% | +4.32% |
| company:20322 | Financial | 1.52% | ₹14.08 Cr | — | — | — |
| Indo Count Industries Ltd. | Textiles | 1.41% | ₹13.13 Cr | +1.45% | +1.36% | +0.73% |
| Syrma SGS Technology Ltd. | Capital Goods | 1.39% | ₹12.93 Cr | +1.42% | +1.15% | +0.60% |
| Restaurant Brands Asia Ltd. | Services | 1.37% | ₹12.77 Cr | +2.45% | +2.56% | +2.69% |
| CarTrade Tech Ltd. | Services | 1.34% | ₹12.41 Cr | +0.99% | +0.88% | — |
| Gravita India Ltd. | Metals & Mining | 1.30% | ₹12.08 Cr | +1.35% | — | — |
| Neuland Laboratories Ltd. | Healthcare | 1.24% | ₹11.51 Cr | +1.31% | +1.21% | +1.56% |
| Ceat Ltd. | Automobile | 1.21% | ₹11.22 Cr | +0.97% | +0.85% | — |
| Goodluck India Ltd. | Metals & Mining | 1.19% | ₹11.04 Cr | — | — | — |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.18% | ₹10.93 Cr | +0.41% | +0.80% | +0.82% |
| Marksans Pharma Ltd. | Healthcare | 1.16% | ₹10.79 Cr | +1.42% | +1.06% | — |
| Lumax Auto Technologies Ltd. | Automobile | 1.12% | ₹10.43 Cr | +1.10% | +1.52% | — |
| Sagility Ltd. | Services | 1.12% | ₹10.40 Cr | +1.24% | +1.17% | — |
| Carraro India Ltd. | Capital Goods | 1.11% | ₹10.36 Cr | +1.42% | +1.53% | +0.91% |
| Sansera Engineering Ltd. | Automobile | 1.08% | ₹10.05 Cr | +0.59% | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 1.07% | ₹9.94 Cr | +1.09% | +1.29% | +3.10% |
| Inox India Ltd. | Metals & Mining | 1.05% | ₹9.80 Cr | — | — | — |
| Tinna Rubber And Infrastructure Ltd. | Chemicals | 1.04% | ₹9.70 Cr | +1.22% | +1.41% | +1.51% |
| Yatra Online Ltd. | Services | 1.04% | ₹9.64 Cr | +1.24% | +1.65% | — |
| Newgen Software Technologies Ltd. | Technology | 1.03% | ₹9.56 Cr | +0.58% | +0.83% | +1.30% |
| Titagarh Rail Systems Ltd. | Automobile | 0.97% | ₹9.00 Cr | +1.25% | +1.41% | +1.50% |
| Zuari Industries Ltd. | Consumer Staples | 0.96% | ₹8.97 Cr | +1.21% | +1.43% | +1.28% |
| The Jammu & Kashmir Bank Ltd. | Financial | 0.94% | ₹8.75 Cr | +2.41% | +2.16% | — |
| Firstsource Solutions Ltd. | Services | 0.94% | ₹8.72 Cr | +1.44% | +1.45% | +2.16% |
| Power Mech Projects Ltd. | Construction | 0.91% | ₹8.50 Cr | +0.69% | — | +2.48% |
| company:16964 | Services | 0.90% | ₹8.33 Cr | — | — | — |
| Leela Palaces Hotels & Resorts Ltd. | Services | 0.89% | ₹8.26 Cr | +0.39% | +0.35% | +0.10% |
| WeWork India Management Ltd. | Services | 0.88% | ₹8.19 Cr | +0.98% | +0.72% | — |
| SJS Enterprises Ltd. | Automobile | 0.86% | ₹8.01 Cr | — | — | — |
| Suraksha Diagnostic Ltd. | Healthcare | 0.86% | ₹7.95 Cr | +1.11% | +1.20% | +1.20% |
| company:20814 | Services | 0.83% | ₹7.75 Cr | — | — | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 0.83% | ₹7.74 Cr | +1.74% | +1.93% | +1.83% |
| Shyam Metalics And Energy Ltd. | Metals & Mining | 0.82% | ₹7.65 Cr | +1.00% | +1.00% | +0.95% |
| PSP Projects Ltd. | Construction | 0.71% | ₹6.61 Cr | — | — | — |
| Minda Corporation Ltd. | Automobile | 0.71% | ₹6.57 Cr | — | — | — |
| Northern ARC Capital Ltd. | Financial | 0.70% | ₹6.54 Cr | +1.28% | +1.72% | +1.39% |
| Bharat Bijlee Ltd. | Capital Goods | 0.70% | ₹6.51 Cr | +1.02% | +0.90% | +0.79% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 0.67% | ₹6.21 Cr | +0.70% | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.66% | ₹6.12 Cr | — | — | — |
| Angel One Ltd. | Financial | 0.65% | ₹6.07 Cr | +0.74% | — | — |
| Optiemus Infracom Ltd. | Services | 0.65% | ₹6.07 Cr | +0.54% | +0.64% | +0.77% |
| Venus Pipes & Tubes Ltd. | Metals & Mining | 0.64% | ₹5.96 Cr | +0.56% | +1.02% | +1.51% |
| Equitas Small Finance Bank Ltd. | Financial | 0.64% | ₹5.92 Cr | +0.96% | +1.20% | +0.70% |
| company:20817 | Financial | 0.63% | ₹5.87 Cr | — | — | — |
| company:20332 | Capital Goods | 0.62% | ₹5.73 Cr | — | — | — |
| Knack Packaging Ltd. | Materials | 0.61% | ₹5.68 Cr | — | — | — |
| Metropolis Healthcare Ltd. | Healthcare | 0.59% | ₹5.53 Cr | +1.03% | +0.98% | +0.85% |
| company:896 | Financial | 0.59% | ₹5.45 Cr | — | — | — |
| Graphite India Ltd. | Capital Goods | 0.57% | ₹5.32 Cr | — | — | — |
| company:20765 | Services | 0.57% | ₹5.28 Cr | — | — | — |
| Patel Engineering Ltd. | Construction | 0.52% | ₹4.79 Cr | +0.80% | +0.92% | +0.99% |
| GE Power India Ltd. | Capital Goods | 0.51% | ₹4.77 Cr | +1.14% | +0.62% | — |
| OnEMI Technology Solutions Ltd. | Financial | 0.51% | ₹4.76 Cr | +0.25% | — | — |
| company:570 | Consumer Discretionary | 0.47% | ₹4.39 Cr | — | — | — |
| PG Electroplast Ltd. | Capital Goods | 0.47% | ₹4.38 Cr | +0.50% | +1.58% | +1.06% |
| Hi-Tech Pipes Ltd. | Metals & Mining | 0.47% | ₹4.35 Cr | +0.47% | +0.99% | +0.90% |
| Shipping Corporation Of India Ltd. | Services | 0.47% | ₹4.34 Cr | +0.60% | +0.73% | — |
| Kalpataru Projects International Ltd. | Capital Goods | 0.45% | ₹4.20 Cr | +0.48% | +1.22% | +1.60% |
| Garden Reach Shipbuilders & Engineers Ltd. | Capital Goods | 0.43% | ₹3.98 Cr | +1.20% | +1.51% | — |
| JSW Cement Ltd. | Materials | 0.41% | ₹3.81 Cr | +0.54% | +0.78% | — |
| M&B Engineering Ltd. | Construction | 0.37% | ₹3.48 Cr | +0.53% | +0.60% | +0.79% |
| Ventive Hospitality Ltd. | Services | 0.37% | ₹3.43 Cr | +0.76% | +1.31% | +1.21% |
| KSB Ltd. | Capital Goods | 0.25% | ₹2.34 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:20322 | 0.00% | 1.52% | +1.52% |
| company:16964 | 0.00% | 0.90% | +0.90% |
| company:20814 | 0.00% | 0.83% | +0.83% |
| The Jammu & Kashmir Bank Ltd. | 1.77% | 0.94% | -0.83% |
| Garware Hi-Tech Films Ltd. | 5.39% | 4.64% | -0.75% |
| Jyoti CNC Automation Ltd. | 0.46% | 1.18% | +0.71% |
| company:20817 | 0.00% | 0.63% | +0.63% |
| Firstsource Solutions Ltd. | 1.56% | 0.94% | -0.63% |
| company:20332 | 0.00% | 0.62% | +0.62% |
| Lumax Auto Technologies Ltd. | 0.51% | 1.12% | +0.61% |
| Crompton Greaves Consumer Electricals Ltd. | 0.59% | 0.00% | -0.59% |
| company:896 | 0.00% | 0.59% | +0.59% |
| Ather Energy Ltd. | 1.46% | 2.04% | +0.58% |
| Krishna Institute of Medical Sciences Ltd | 1.41% | 0.83% | -0.58% |
| company:20765 | 0.00% | 0.57% | +0.57% |
| Jana Small Finance Bank Ltd. | 2.89% | 2.37% | -0.52% |
| Garden Reach Shipbuilders & Engineers Ltd. | 0.94% | 0.43% | -0.52% |
| Camlin Fine Sciences Ltd. | 0.51% | 0.00% | -0.51% |
| company:570 | 0.00% | 0.47% | +0.47% |
| Fineotex Chemical Ltd. | 1.43% | 1.89% | +0.46% |
| Greenpanel Industries Ltd. | 0.44% | 0.00% | -0.44% |
| Godfrey Phillips India Ltd. | 2.38% | 1.94% | -0.44% |
| CreditAccess Grameen Ltd. | 2.11% | 1.69% | -0.42% |
| TD Power Systems Ltd. | 1.79% | 2.17% | +0.38% |
| Goodluck India Ltd. | 0.81% | 1.19% | +0.38% |
| Thangamayil Jewellery Ltd. | 1.75% | 2.13% | +0.38% |
| Restaurant Brands Asia Ltd. | 1.00% | 1.37% | +0.37% |
| Acutaas Chemicals Ltd. | 3.27% | 2.91% | -0.36% |
| Leela Palaces Hotels & Resorts Ltd. | 0.54% | 0.89% | +0.35% |
| Avalon Technologies Ltd. | 1.98% | 2.30% | +0.32% |
| Fusion Finance Ltd. | 2.96% | 2.67% | -0.29% |
| CIE Automotive India Ltd. | 0.29% | 0.00% | -0.29% |
| Tinna Rubber And Infrastructure Ltd. | 1.32% | 1.04% | -0.28% |
| Onesource Specialty Pharma Ltd. | 2.20% | 1.93% | -0.27% |
| Inox India Ltd. | 0.79% | 1.05% | +0.27% |
| Windlas Biotech Ltd. | 0.26% | 0.00% | -0.26% |
| Gokaldas Exports Ltd. | 2.40% | 2.15% | -0.25% |
| Northern ARC Capital Ltd. | 0.93% | 0.70% | -0.22% |
| Metropolis Healthcare Ltd. | 0.82% | 0.59% | -0.22% |
| Minda Corporation Ltd. | 0.50% | 0.71% | +0.20% |
| Marksans Pharma Ltd. | 1.00% | 1.16% | +0.16% |
| Indo Count Industries Ltd. | 1.57% | 1.41% | -0.16% |
| Belrise Industries Ltd. | 1.84% | 1.69% | -0.15% |
| Ventive Hospitality Ltd. | 0.52% | 0.37% | -0.15% |
| City Union Bank Ltd. | 1.67% | 1.82% | +0.15% |
| WeWork India Management Ltd. | 1.02% | 0.88% | -0.14% |
| PSP Projects Ltd. | 0.85% | 0.71% | -0.14% |
| Navin Fluorine International Ltd. | 3.05% | 3.19% | +0.14% |
| Others | 1.06% | 1.20% | +0.13% |
| Motilal Oswal Financial Services Ltd. | 0.94% | 1.07% | +0.13% |
| Bharat Bijlee Ltd. | 0.83% | 0.70% | -0.13% |
| Schneider Electric Infrastructure Ltd. | 0.79% | 0.67% | -0.13% |
| Optiemus Infracom Ltd. | 0.78% | 0.65% | -0.12% |
| GE Power India Ltd. | 0.63% | 0.51% | -0.12% |
| Sansera Engineering Ltd. | 0.96% | 1.08% | +0.12% |
| Patel Engineering Ltd. | 0.63% | 0.52% | -0.11% |
| Ceat Ltd. | 1.30% | 1.21% | -0.09% |
| Kusumgar Ltd. | 0.09% | 0.00% | -0.09% |
| Power Mech Projects Ltd. | 1.00% | 0.91% | -0.08% |
| Amber Enterprises India Ltd. | 1.71% | 1.64% | -0.08% |
| Titagarh Rail Systems Ltd. | 1.05% | 0.97% | -0.08% |
| Yatra Online Ltd. | 1.11% | 1.04% | -0.07% |
| M&B Engineering Ltd. | 0.44% | 0.37% | -0.07% |
| PG Electroplast Ltd. | 0.53% | 0.47% | -0.06% |
| Carraro India Ltd. | 1.17% | 1.11% | -0.06% |
| Zuari Industries Ltd. | 1.02% | 0.96% | -0.06% |
| Equitas Small Finance Bank Ltd. | 0.69% | 0.64% | -0.06% |
| Venus Pipes & Tubes Ltd. | 0.70% | 0.64% | -0.05% |
| JSW Cement Ltd. | 0.46% | 0.41% | -0.05% |
| Gravita India Ltd. | 1.25% | 1.30% | +0.05% |
| Knack Packaging Ltd. | 0.65% | 0.61% | -0.04% |
| Suraksha Diagnostic Ltd. | 0.81% | 0.86% | +0.04% |
| Angel One Ltd. | 0.69% | 0.65% | -0.04% |
| Shipping Corporation Of India Ltd. | 0.50% | 0.47% | -0.04% |
| CarTrade Tech Ltd. | 1.30% | 1.34% | +0.04% |
| KSB Ltd. | 0.29% | 0.25% | -0.03% |
| Newgen Software Technologies Ltd. | 1.06% | 1.03% | -0.03% |
| Syrma SGS Technology Ltd. | 1.42% | 1.39% | -0.03% |
| SJS Enterprises Ltd. | 0.89% | 0.86% | -0.02% |
| Hi-Tech Pipes Ltd. | 0.49% | 0.47% | -0.02% |
| Sagility Ltd. | 1.10% | 1.12% | +0.01% |
| Five-Star Business Finance Ltd. | 2.78% | 2.76% | -0.01% |
| Neuland Laboratories Ltd. | 1.23% | 1.24% | +0.01% |
| Shyam Metalics And Energy Ltd. | 0.83% | 0.82% | -0.01% |
| Kalpataru Projects International Ltd. | 0.45% | 0.45% | +0.01% |
| Shaily Engineering Plastics Ltd. | 2.66% | 2.65% | 0.00% |
| Manorama Industries Ltd. | 1.63% | 1.63% | 0.00% |
| Diamond Power Infrastructure Ltd. | 0.66% | 0.66% | 0.00% |
| OnEMI Technology Solutions Ltd. | 0.51% | 0.51% | 0.00% |
| Graphite India Ltd. | 0.57% | 0.57% | 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 | ₹12,460 Cr | 2.03% | 31.2% | 16.8% | 21.5% |
| ₹34,176 Cr | 1.72% | 21.1% | 15.6% | 22.0% | |
| ₹15,744 Cr | 1.83% | 24.4% | 15.9% | 20.4% | |
| ₹5,468 Cr | 2.20% | 29.0% | 14.7% | — | |
| ₹3,603 Cr | 2.22% | 34.9% | 18.0% | 22.1% | |
| ₹3,307 Cr | 2.17% | 46.7% | 19.8% | 21.3% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies, as defined by SEBI.
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 months37.69% absolute | ₹60,000 | ₹82,614 | 37.69% | |
| 1 year17.17% annualised | ₹1,20,000 | ₹1,31,768 | 9.81% |
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.