JM Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹96.46+0.08%1 day
- Return since launch
- 14.8%
- 52-week range
- ₹80.32 — ₹99.05
- AUM
- ₹817 Cr
JM Value Fund is a Value & Contra equity fund from JM Financial Mutual Fund with ₹817 Cr under management, launched in 1997. Over three years it has returned 3.2% a year, against 11.9% for its category. The expense ratio is 2.74% and the SEBI riskometer reading is Very High.
Performance
JM Value Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.8% against +0.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.1% | +3.7 pts | 2.4% | -1.9% |
| 2Y | 1.6% | +0.2 pts | 1.4% | 0.4% |
| 3Y | 3.2% | −8.7 pts | 11.9% | 3.5% |
| 5Y | 12.4% | +0.8 pts | 11.5% | 10.1% |
| 7Y | 16.2% | +1.4 pts | 14.8% | 13.8% |
| 10Y | 15.2% | +2.4 pts | 12.9% | 12.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.8% | +1.4 pts | -3.2% | -3.1% |
| 3M | 2.3% | +3.1 pts | -0.8% | -1.1% |
| 6M | 17.1% | +8.3 pts | 8.7% | 7.7% |
| 1Y | 0.8% | −1.6 pts | 2.4% | 0.6% |
| 2Y | -6.1% | −3.1 pts | -3.0% | -3.5% |
| 3Y | 11.3% | −0.5 pts | 11.9% | 10.9% |
| 5Y | 13.5% | +1.9 pts | 11.5% | 10.8% |
| 7Y | 16.7% | +0.8 pts | 15.9% | 14.9% |
| 10Y | 14.2% | +1.3 pts | 12.9% | 12.0% |
Since launch (25 Mar 1997): 14.8%
Calendar-year returns
Category average13.4%
36.3%
5.3%
47.7%
24.8%
-4.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -4.4% | −10.2 pts | 5.8% |
| 2024 | 24.8% | +2.6 pts | 22.2% |
| 2023 | 47.7% | +12.3 pts | 35.3% |
| 2022 | 5.3% | −2.1 pts | 7.5% |
| 2021 | 36.3% | −1.3 pts | 37.6% |
| 2020 | 13.4% | −3.7 pts | 17.1% |
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
2.75%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.01%
- Brokerage
- 0.13%
- Transaction charges
- 0.01%
- Statutory levies
- 0.60%
- Exit load
- Exit load of 1%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 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 | -0.26 | 5.39 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.15 | 0.98 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.40 | 0.77 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.59 | 1.08 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 19.07 | 16.29 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
JM Value Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.8%
- Debt0.2%
- Other0.9%
Market cap split
- Large37.1%
- Mid7.8%
- Small55.0%
- P/E
- 20.24
- P/B
- 2.95
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Redington Ltd. | Services | 4.36% | ₹35.67 Cr | — | — | — |
| ICICI Bank Ltd. | Financial | 4.09% | ₹33.44 Cr | — | — | +2.06% |
| Shriram Finance Ltd | Financial | 4.07% | ₹33.30 Cr | +4.11% | +4.31% | +0.65% |
| Larsen & Toubro Ltd. | Construction | 3.46% | ₹28.31 Cr | +2.82% | +4.27% | +3.27% |
| Infosys Ltd. | Technology | 3.12% | ₹25.51 Cr | +2.81% | +2.96% | +3.33% |
| Tata Motors Ltd. | Automobile | 2.72% | ₹22.21 Cr | +2.22% | +3.08% | — |
| Jana Small Finance Bank Ltd. | Financial | 2.70% | ₹22.09 Cr | +3.39% | +2.43% | +2.67% |
| Tech Mahindra Ltd. | Technology | 2.69% | ₹22.02 Cr | +1.66% | +2.27% | +3.12% |
| Bharti Airtel Ltd. | Communication | 2.66% | ₹21.74 Cr | +2.73% | +3.72% | +2.78% |
| Godfrey Phillips India Ltd. | Consumer Staples | 2.38% | ₹19.49 Cr | +4.28% | +3.93% | +5.27% |
| JK Tyre & Industries Ltd. | Automobile | 2.36% | ₹19.25 Cr | +1.84% | +2.27% | +1.73% |
| Restaurant Brands Asia Ltd. | Services | 2.28% | ₹18.61 Cr | +3.32% | +2.89% | +3.05% |
| company:5765 | Insurance | 1.99% | ₹16.30 Cr | — | — | — |
| Craftsman Automation Ltd. | Automobile | 1.80% | ₹14.67 Cr | +0.64% | — | — |
| Arvind Ltd. | Textiles | 1.77% | ₹14.44 Cr | +2.12% | +1.51% | +0.94% |
| Aptus Value Housing Finance India Ltd. | Financial | 1.75% | ₹14.34 Cr | +1.59% | +1.20% | +1.56% |
| HDFC Bank Ltd. | Financial | 1.74% | ₹14.18 Cr | +3.05% | +3.41% | +3.36% |
| Indo Count Industries Ltd. | Textiles | 1.72% | ₹14.08 Cr | +1.63% | +1.31% | +0.89% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.72% | ₹14.08 Cr | +1.72% | +1.62% | +2.55% |
| CreditAccess Grameen Ltd. | Financial | 1.72% | ₹14.04 Cr | +2.08% | +2.36% | +3.10% |
| Carraro India Ltd. | Capital Goods | 1.71% | ₹13.99 Cr | +1.83% | +1.61% | +1.04% |
| Pine Labs Ltd. | Financial | 1.71% | ₹13.94 Cr | — | — | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.67% | ₹13.68 Cr | +1.75% | +1.51% | +1.04% |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.53% | ₹12.47 Cr | +0.48% | +1.37% | +1.56% |
| Fujiyama Power Systems Ltd. | Energy | 1.50% | ₹12.25 Cr | +0.65% | — | — |
| Bajaj Auto Ltd. | Automobile | 1.50% | ₹12.25 Cr | — | — | — |
| Cipla Ltd. | Healthcare | 1.47% | ₹11.98 Cr | +1.04% | — | — |
| Travel Food Services Ltd. | Services | 1.46% | ₹11.90 Cr | +1.39% | +1.32% | +1.12% |
| Titagarh Rail Systems Ltd. | Automobile | 1.43% | ₹11.71 Cr | +1.47% | +1.33% | +1.62% |
| Housing & Urban Development Corporation Ltd. | Financial | 1.43% | ₹11.68 Cr | +1.84% | +1.85% | +1.89% |
| company:16948 | Capital Goods | 1.30% | ₹10.65 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 1.27% | ₹10.40 Cr | +2.00% | +2.26% | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.26% | ₹10.29 Cr | +1.61% | +2.23% | +1.89% |
| NTPC Ltd. | Energy | 1.20% | ₹9.82 Cr | +1.95% | +1.11% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.18% | ₹9.60 Cr | +1.87% | — | — |
| Kalpataru Projects International Ltd. | Capital Goods | 1.16% | ₹9.51 Cr | +1.15% | +0.98% | +1.84% |
| Others | Others | 1.15% | ₹9.42 Cr | -0.13% | +0.67% | +2.46% |
| Jindal Saw Ltd. | Metals & Mining | 1.14% | ₹9.29 Cr | +0.90% | +0.65% | +1.03% |
| Optiemus Infracom Ltd. | Services | 1.12% | ₹9.19 Cr | +0.81% | +0.79% | +0.89% |
| PVR Inox Ltd. | Services | 1.10% | ₹9.02 Cr | +0.78% | +0.95% | +1.66% |
| Apar Industries Ltd. | Consumer Staples | 1.08% | ₹8.85 Cr | +1.74% | +1.77% | +1.97% |
| Finolex Cables Ltd. | Capital Goods | 1.08% | ₹8.83 Cr | +1.14% | +0.67% | — |
| SML Mahindra Ltd. | Automobile | 1.06% | ₹8.68 Cr | — | — | — |
| Paradeep Phosphates Ltd. | Chemicals | 1.06% | ₹8.64 Cr | +0.86% | — | — |
| Cohance Lifesciences Ltd. | Healthcare | 0.96% | ₹7.87 Cr | +1.38% | +0.93% | +1.73% |
| Bharat Bijlee Ltd. | Capital Goods | 0.93% | ₹7.61 Cr | +1.19% | +1.02% | +1.02% |
| Garden Reach Shipbuilders & Engineers Ltd. | Capital Goods | 0.91% | ₹7.44 Cr | +1.25% | +1.13% | — |
| Hindustan Zinc Ltd. | Metals & Mining | 0.89% | ₹7.31 Cr | +1.59% | — | — |
| Power Grid Corporation Of India Ltd. | Energy | 0.87% | ₹7.11 Cr | +1.62% | — | — |
| Suraksha Diagnostic Ltd. | Healthcare | 0.83% | ₹6.81 Cr | +0.84% | +0.76% | +0.70% |
| Care Ratings Ltd. | Services | 0.83% | ₹6.79 Cr | +0.85% | +1.40% | +2.61% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.76% | ₹6.23 Cr | +0.49% | — | +1.48% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.76% | ₹6.18 Cr | +1.37% | +0.89% | +1.77% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.75% | ₹6.12 Cr | — | — | — |
| Exicom Tele-Systems Ltd. | Energy | 0.70% | ₹5.76 Cr | +0.69% | +0.41% | +0.96% |
| Spandana Sphoorty Financial Ltd. | Financial | 0.68% | ₹5.56 Cr | +0.67% | +0.62% | +0.45% |
| Whirlpool Of India Ltd. | Consumer Discretionary | 0.64% | ₹5.22 Cr | +1.79% | +1.89% | +3.13% |
| Fedbank Financial Services Ltd. | Financial | 0.59% | ₹4.86 Cr | +0.58% | — | — |
| TD Power Systems Ltd. | Capital Goods | 0.57% | ₹4.67 Cr | +0.64% | +0.52% | +0.87% |
| company:20814 | Services | 0.57% | ₹4.63 Cr | — | — | — |
| company:9485 | Consumer Discretionary | 0.53% | ₹4.33 Cr | — | — | — |
| Power Mech Projects Ltd. | Construction | 0.51% | ₹4.13 Cr | — | — | — |
| M&B Engineering Ltd. | Construction | 0.49% | ₹4.04 Cr | +0.48% | +0.45% | +0.55% |
| VA Tech Wabag Ltd. | Capital Goods | 0.48% | ₹3.94 Cr | — | — | — |
| Natco Pharma Ltd. | Healthcare | 0.46% | ₹3.79 Cr | — | — | — |
| Canara Bank | Financial | 0.44% | ₹3.62 Cr | +2.68% | +4.68% | — |
| Spandana Sphoorty Financial Ltd - Partly Paid-up Equity | Financial | 0.37% | ₹3.01 Cr | +0.30% | +0.24% | +0.10% |
| company:773 | Services | 0.31% | ₹2.56 Cr | — | — | — |
| SBI Funds Management Ltd. | Financial | 0.31% | ₹2.52 Cr | — | — | — |
| company:20835 | Capital Goods | 0.31% | ₹2.50 Cr | — | — | — |
| company:4302 | Consumer Staples | 0.26% | ₹2.12 Cr | — | — | — |
| Dhanuka Agritech Ltd. | Chemicals | 0.23% | ₹1.85 Cr | +0.23% | — | +1.48% |
| company:20817 | Financial | 0.13% | ₹1.03 Cr | — | — | — |
| PNC Infratech Ltd. | Construction | 0.12% | ₹0.99 Cr | — | — | — |
| OnEMI Technology Solutions Ltd. | Financial | 0.11% | ₹0.89 Cr | +0.10% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5765 | 0.00% | 1.99% | +1.99% |
| company:16948 | 0.00% | 1.30% | +1.30% |
| REC Ltd. | 1.04% | 0.00% | -1.04% |
| Dr. Reddy's Laboratories Ltd. | 1.00% | 0.00% | -1.00% |
| Redington Ltd. | 3.38% | 4.36% | +0.99% |
| HDFC Bank Ltd. | 2.69% | 1.74% | -0.95% |
| Balrampur Chini Mills Ltd. | 0.73% | 0.00% | -0.73% |
| Restaurant Brands Asia Ltd. | 1.57% | 2.28% | +0.71% |
| Power Grid Corporation Of India Ltd. | 1.51% | 0.87% | -0.64% |
| Jyoti CNC Automation Ltd. | 0.92% | 1.53% | +0.61% |
| company:20814 | 0.00% | 0.57% | +0.57% |
| Canara Bank | 1.01% | 0.44% | -0.56% |
| company:9485 | 0.00% | 0.53% | +0.53% |
| Larsen & Toubro Ltd. | 3.94% | 3.46% | -0.47% |
| Jana Small Finance Bank Ltd. | 3.17% | 2.70% | -0.46% |
| Arvind Ltd. | 2.23% | 1.77% | -0.46% |
| CreditAccess Grameen Ltd. | 2.13% | 1.72% | -0.41% |
| Godfrey Phillips India Ltd. | 2.79% | 2.38% | -0.41% |
| Tata Motors Passenger Vehicles Ltd. | 1.10% | 0.76% | -0.34% |
| Hindustan Aeronautics Ltd. | 1.50% | 1.18% | -0.32% |
| Indo Count Industries Ltd. | 2.04% | 1.72% | -0.32% |
| company:773 | 0.00% | 0.31% | +0.31% |
| company:20835 | 0.00% | 0.31% | +0.31% |
| Bharti Airtel Ltd. | 2.93% | 2.66% | -0.27% |
| NTPC Ltd. | 1.47% | 1.20% | -0.27% |
| company:4302 | 0.00% | 0.26% | +0.26% |
| Fujiyama Power Systems Ltd. | 1.25% | 1.50% | +0.25% |
| Motilal Oswal Financial Services Ltd. | 1.48% | 1.72% | +0.24% |
| Pine Labs Ltd. | 1.46% | 1.71% | +0.24% |
| Whirlpool Of India Ltd. | 0.88% | 0.64% | -0.24% |
| Finolex Cables Ltd. | 0.87% | 1.08% | +0.21% |
| PNC Infratech Ltd. | 0.33% | 0.12% | -0.21% |
| Craftsman Automation Ltd. | 1.60% | 1.80% | +0.19% |
| Garden Reach Shipbuilders & Engineers Ltd. | 1.10% | 0.91% | -0.19% |
| Shriram Finance Ltd | 3.89% | 4.07% | +0.18% |
| Amber Enterprises India Ltd. | 1.43% | 1.26% | -0.17% |
| Tata Motors Ltd. | 2.55% | 2.72% | +0.16% |
| Power Mech Projects Ltd. | 0.35% | 0.51% | +0.15% |
| TD Power Systems Ltd. | 0.42% | 0.57% | +0.15% |
| Optiemus Infracom Ltd. | 1.26% | 1.12% | -0.14% |
| Bharat Bijlee Ltd. | 1.07% | 0.93% | -0.14% |
| SML Mahindra Ltd. | 1.20% | 1.06% | -0.14% |
| Housing & Urban Development Corporation Ltd. | 1.56% | 1.43% | -0.13% |
| company:20817 | 0.00% | 0.13% | +0.13% |
| Aptus Value Housing Finance India Ltd. | 1.87% | 1.75% | -0.11% |
| Jindal Saw Ltd. | 1.03% | 1.14% | +0.10% |
| Equitas Small Finance Bank Ltd. | 1.77% | 1.67% | -0.10% |
| Suraksha Diagnostic Ltd. | 0.74% | 0.83% | +0.10% |
| VA Tech Wabag Ltd. | 0.39% | 0.48% | +0.09% |
| Cipla Ltd. | 1.55% | 1.47% | -0.09% |
| Kalpataru Projects International Ltd. | 1.09% | 1.16% | +0.08% |
| Hindustan Zinc Ltd. | 0.82% | 0.89% | +0.07% |
| Apar Industries Ltd. | 1.16% | 1.08% | -0.07% |
| Paradeep Phosphates Ltd. | 0.99% | 1.06% | +0.07% |
| Spandana Sphoorty Financial Ltd. | 0.75% | 0.68% | -0.07% |
| JK Tyre & Industries Ltd. | 2.42% | 2.36% | -0.06% |
| Hindustan Petroleum Corporation Ltd. | 0.82% | 0.76% | -0.06% |
| PVR Inox Ltd. | 1.05% | 1.10% | +0.06% |
| Bajaj Auto Ltd. | 1.44% | 1.50% | +0.06% |
| Cohance Lifesciences Ltd. | 0.91% | 0.96% | +0.05% |
| Axis Bank Ltd. | 1.22% | 1.27% | +0.05% |
| Spandana Sphoorty Financial Ltd - Partly Paid-up Equity | 0.42% | 0.37% | -0.05% |
| Dhanuka Agritech Ltd. | 0.27% | 0.23% | -0.05% |
| Carraro India Ltd. | 1.75% | 1.71% | -0.04% |
| Diamond Power Infrastructure Ltd. | 0.71% | 0.75% | +0.04% |
| Titagarh Rail Systems Ltd. | 1.46% | 1.43% | -0.03% |
| Infosys Ltd. | 3.15% | 3.12% | -0.03% |
| Others | 0.21% | 0.24% | +0.03% |
| Tech Mahindra Ltd. | 2.67% | 2.69% | +0.03% |
| Exicom Tele-Systems Ltd. | 0.68% | 0.70% | +0.02% |
| Travel Food Services Ltd. | 1.48% | 1.46% | -0.02% |
| M&B Engineering Ltd. | 0.47% | 0.49% | +0.02% |
| SBI Funds Management Ltd. | 0.32% | 0.31% | -0.01% |
| Natco Pharma Ltd. | 0.45% | 0.46% | +0.01% |
| OnEMI Technology Solutions Ltd. | 0.11% | 0.11% | -0.01% |
| Fedbank Financial Services Ltd. | 0.59% | 0.59% | +0.01% |
| Care Ratings Ltd. | 0.83% | 0.83% | 0.00% |
| ICICI Bank Ltd. | 4.09% | 4.09% | 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 | ₹2,929 Cr | 2.46% | 11.0% | 10.1% | 14.3% |
 HDFC Value Fund | ₹8,266 Cr | 1.88% | 5.5% | 8.3% | 13.2% |
 DSP Value Fund | ₹2,220 Cr | 2.40% | 1.4% | 8.9% | 13.1% |
 Quant Value Fund | ₹1,978 Cr | 2.46% | 12.0% | 9.2% | — |
 Axis Value Fund | ₹1,880 Cr | 2.27% | 7.8% | 9.6% | 15.4% |
 LIC MF Value Fund | ₹302 Cr | 3.30% | 28.5% | 14.7% | 15.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to provide long term capital growth by investing primarily in a well-diversified portfolio of undervalued securities.
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 months17.09% absolute | ₹60,000 | ₹70,254 | 17.09% | |
| 1 year0.81% annualised | ₹1,20,000 | ₹1,20,528 | 0.44% | |
| 3 years11.35% annualised | ₹3,60,000 | ₹4,30,539 | 19.59% | |
| 5 years13.46% annualised | ₹6,00,000 | ₹8,58,959 | 43.16% |
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 Value Fund?
The NAV of JM Value Fund is ₹96.46 as on 25 Sep 2026.
What is the expense ratio of JM Value Fund?
The expense ratio of JM Value Fund is 2.74% per year.
What is the minimum SIP amount for JM Value Fund?
You can start a SIP in JM Value Fund with ₹3,000 a month.
What returns has JM Value Fund given?
JM Value Fund has returned 6.1% over 1 year, 3.2% over 3 years and 12.4% over 5 years (annualised).
Is there a lock-in or exit load on JM Value Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 30 days..
How risky is JM Value Fund?
JM Value Fund is rated Very High on the SEBI riskometer and belongs to the Value & Contra category.
Which fund house manages JM Value Fund?
JM Value Fund is managed by JM Financial Mutual Fund, which runs 17 schemes with ₹13,205 Cr under management.