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 #28 of 28 in category.
Fund basics
| Category | Equity: Focused |
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| NAV | ₹18.19 (as of 2026-10-23) |
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| AUM | ₹274 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 | 10.35% |
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| Sharpe ratio | 0.29 |
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| Standard deviation | 17.42% |
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| Max drawdown | −81.16% |
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| Alpha | 0.88 |
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| Beta | 1.05 |
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Over 5 years, captured 102.8% of Nifty 500's upside and 97.1% of its downside.
Market cap allocation
| Large cap | 46.7% |
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| Mid cap | 24.7% |
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| Small cap | 28.6% |
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Concentration
| Top 5 holdings | 23.3% |
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| Top 10 holdings | 43.8% |
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| Total holdings | 27 |
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| Index overlap | 13.7% |
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| Active share | 86.3% |
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Top holdings
- Ujjivan Small Finance Bank Limited — 5.1%
- Bajaj Finance Limited — 4.6%
- One 97 Communications Limited — 4.6%
- Honasa Consumer Limited — 4.5%
- Larsen & Toubro Limited — 4.5%
- Samvardhana Motherson International Limited — 4.2%
- Lodha Developers Limited — 4.2%
- Eternal Limited — 4.1%
- Onesource Specialty Pharma Limited — 4.0%
- IDFC FIRST BANK LIMITED — 4.0%
Top sectors
- Banking & Financial — 18.2%
- Automobile — 13.9%
- Finance & Investments — 12.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −9.4% | Q3 | #21 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 |