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JM Small Cap Fund

Small CapVery HighOPEN-ENDED
Invest Now
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

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y31.9%+17.7 pts14.3%22.6%
2Y16.4%+3.4 pts13.0%12.7%

Fund against category

1Y
Fund31.9%
Category14.3%

Since launch (27 May 2024): 6.8%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
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.

Very High

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

HoldingSectorWeightValue3M chg6M chg1Y chg
Garware Hi-Tech Films Ltd.Materials4.64%₹43.08 Cr+6.02%+5.51%+3.30%
Navin Fluorine International Ltd.Chemicals3.19%₹29.64 Cr+3.03%+2.38%+0.66%
Acutaas Chemicals Ltd.Healthcare2.91%₹27.06 Cr+4.12%+3.57%+2.36%
Five-Star Business Finance Ltd.Financial2.76%₹25.68 Cr+1.98%+0.68%+1.12%
Fusion Finance Ltd.Financial2.67%₹24.77 Cr+1.59%+0.58%—
Shaily Engineering Plastics Ltd.Materials2.65%₹24.66 Cr+3.09%+2.54%+2.30%
Jana Small Finance Bank Ltd.Financial2.37%₹22.04 Cr+3.07%+2.66%+3.18%
Avalon Technologies Ltd.Capital Goods2.30%₹21.36 Cr+2.19%+1.66%+1.51%
TD Power Systems Ltd.Capital Goods2.17%₹20.20 Cr+3.25%+2.52%+1.89%
Gokaldas Exports Ltd.Textiles2.15%₹19.98 Cr+1.90%——

Sectors

  • Financial18.6%
  • Capital Goods13.5%
  • Services11.4%
  • Automobile9.7%
  • Healthcare9.5%
  • Materials8.3%
  • Chemicals6.1%
  • Metals & Mining5.5%

Instruments

  • CBLO1.2%
  • Net Receivables0.4%

Recent changes

HoldingFromToWeight
company:203220.00%1.52%+1.52%
company:169640.00%0.90%+0.90%
company:208140.00%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:208170.00%0.63%+0.63%
Firstsource Solutions Ltd.1.56%0.94%-0.63%
company:203320.00%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:8960.00%0.59%+0.59%
Ather Energy Ltd.1.46%2.04%+0.58%
Krishna Institute of Medical Sciences Ltd1.41%0.83%-0.58%
company:207650.00%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:5700.00%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%
Others1.06%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.

FundAUMExpense1Y3Y5Y
Category average₹12,460 Cr2.03%31.2%16.8%21.5%
Bandhan Small Cap Fund₹34,176 Cr1.72%21.1%15.6%22.0%
Invesco India Small Cap Fund₹15,744 Cr1.83%24.4%15.9%20.4%
Mahindra Manulife Small Cap Fund₹5,468 Cr2.20%29.0%14.7%—
ITI Small Cap Fund₹3,603 Cr2.22%34.9%18.0%22.1%
Bank of India Small Cap Fund₹3,307 Cr2.17%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.
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months37.69% absolute₹60,000₹82,61437.69%
1 year17.17% annualised₹1,20,000₹1,31,7689.81%

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.

What is the NAV of JM Small Cap Fund?
The NAV of JM Small Cap Fund is ₹11.59 as on 25 Sep 2026.
What is the expense ratio of JM Small Cap Fund?
The expense ratio of JM Small Cap Fund is 2.53% per year.
What is the minimum SIP amount for JM Small Cap Fund?
You can start a SIP in JM Small Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on JM Small Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 180 days..
How risky is JM Small Cap Fund?
JM Small Cap Fund is rated Very High on the SEBI riskometer and belongs to the Small Cap category.
Which fund house manages JM Small Cap Fund?
JM Small Cap Fund is managed by JM Financial Mutual Fund, which runs 17 schemes with ₹13,205 Cr under management.