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 #27 of 28 in category.
Fund basics
| Category | Equity: Focused |
|---|
| NAV | ₹19.13 (as of 2026-10-01) |
|---|
| AUM | ₹293 Cr |
|---|
| Expense ratio | 2.10% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Asit Bhandarkar |
|---|
| Exit load | 1% for redemption within 30 days |
|---|
Performance & risk
| 5-year annualised return | 10.35% |
|---|
| Sharpe ratio | 0.45 |
|---|
| Standard deviation | 16.92% |
|---|
| Max drawdown | −81.16% |
|---|
| Alpha | 0.88 |
|---|
| Beta | 1.05 |
|---|
Over 5 years, captured 102.8% of Nifty 500's upside and 97.1% of its downside.
Market cap allocation
| Large cap | 47.8% |
|---|
| Mid cap | 29.7% |
|---|
| Small cap | 22.5% |
|---|
Concentration
| Top 5 holdings | 24.9% |
|---|
| Top 10 holdings | 45.4% |
|---|
| Total holdings | 27 |
|---|
| Index overlap | 14.9% |
|---|
| Active share | 85.1% |
|---|
Top holdings
- COFORGE LIMITED — 5.7%
- IDFC FIRST BANK LIMITED — 5.1%
- Ujjivan Small Finance Bank Limited — 4.8%
- Bajaj Finance Limited — 4.8%
- Larsen & Toubro Limited — 4.6%
- One 97 Communications Limited — 4.4%
- Amber Enterprises India Limited — 4.1%
- Samvardhana Motherson International Limited — 4.1%
- Eicher Motors Ltd. — 3.9%
- Eternal Limited — 3.9%
Top sectors
- Banking & Financial — 19.6%
- Automobile — 13.8%
- Finance & Investments — 8.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −4.7% | Q2 | #14 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 |