JM Flexi Cap Fund
The scheme which aims to provide capital appreciation by investing primarily in equity and equity related securities of various market depending upon valuation discount or premium amongst Large / Mid & Small cap stocks, the fund will keep varying the weights to capture the value while keeping an optimum Risk / Return profile.
Growthvine rating: 3/5 — ranked #16 of 53 in category.
Fund basics
| Category | Equity: Flexi Cap |
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| NAV | ₹95.86 (as of 2026-10-01) |
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| AUM | ₹5,291 Cr |
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| Expense ratio | 1.59% |
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| Riskometer | Very High |
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| Fund manager | Satish Ramanathan |
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| Exit load | 1% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 13.21% |
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| Sharpe ratio | 0.56 |
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| Standard deviation | 17.06% |
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| Max drawdown | −42.41% |
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| Alpha | 2.26 |
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| Beta | 1.04 |
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Over 5 years, captured 108.5% of Nifty 500's upside and 87.1% of its downside.
Market cap allocation
| Large cap | 53.9% |
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| Mid cap | 16.5% |
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| Small cap | 29.6% |
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Concentration
| Top 5 holdings | 15.2% |
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| Top 10 holdings | 26.9% |
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| Total holdings | 86 |
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| Index overlap | 38.8% |
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| Active share | 61.2% |
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Top holdings
- ICICI Bank Ltd. — 3.8%
- State Bank Of India — 3.0%
- HDFC Bank Ltd. — 2.8%
- One 97 Communications Limited — 2.8%
- Larsen & Toubro Limited — 2.7%
- Shriram Finance Limited — 2.6%
- Reliance Industries Ltd — 2.5%
- Mahindra & Mahindra Ltd. — 2.3%
- Bharti Airtel Ltd. — 2.2%
- Godfrey Phillips India Ltd. — 2.2%
Top sectors
- Banking & Financial — 20.0%
- Automobile — 12.1%
- Software & Services — 7.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −1.2% | Q2 | #17 of 50 |
| 2025 | −6.8% | Q4 (Bottom) | #42 of 43 |
| 2024 | 33.3% | Q1 (Top) | #3 of 42 |
| 2023 | 40.0% | Q1 (Top) | #1 of 36 |
| 2022 | 7.8% | Q1 (Top) | #4 of 30 |