JM Focused Fund
The scheme seeks to generate long-term capital appreciation/income by investing in equity and equity related instruments across market capitalization of up to 30 companies.
Growthvine rating: 1/5 — ranked #25 of 28 in category.
Fund basics
| Category | Equity: Focused |
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| NAV | ₹20.92 (as of 2026-08-21) |
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| AUM | ₹286 Cr |
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| Expense ratio | 2.10% |
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| Riskometer | Very High |
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| Fund manager | Asit Bhandarkar |
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| Exit load | 1% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 14.27% |
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| Sharpe ratio | 0.46 |
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| Standard deviation | 16.95% |
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| Max drawdown | -81.16% |
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| Alpha | 0.88 |
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| Beta | 1.04 |
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Over 5 years, captured 103.2% of Nifty 500's upside and 96.6% of its downside.
Market cap allocation
| Large cap | 47.3% |
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| Mid cap | 27.3% |
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| Small cap | 25.4% |
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Concentration
| Top 5 holdings | 25.0% |
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| Top 10 holdings | 44.5% |
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| Total holdings | 28 |
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| Index overlap | 15.0% |
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| Active share | 85.0% |
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Top holdings
- Ujjivan Small Finance Bank Limited — 5.2%
- Bajaj Finance Limited — 5.2%
- IDFC FIRST BANK LIMITED — 5.1%
- COFORGE LIMITED — 5.0%
- Larsen & Toubro Limited — 4.5%
- Amber Enterprises India Limited — 4.4%
- Eicher Motors Ltd. — 3.9%
- Adani Ports and Special Economic Zone Ltd — 3.8%
- Premier Energies Limited — 3.7%
- Titan Company Limited — 3.7%
Top sectors
- Banking & Financial — 28.6%
- Automobile — 13.7%
- Consumer Durables — 8.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 4.2% | Q2 | #10 of 28 |
| 2025 | -1.9% | Q4 (Bottom) | #26 of 28 |
| 2024 | 24.3% | Q1 (Top) | #5 of 27 |
| 2023 | 32.9% | Q1 (Top) | #3 of 25 |
| 2022 | 7.1% | Q1 (Top) | #6 of 22 |