JM Value Fund
The scheme aims to provide long term capital growth by investing primarily in a well-diversified portfolio of undervalued securities.
Growthvine rating: 1/5 — ranked #19 of 23 in category.
Fund basics
| Category | Equity: Value |
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| NAV | ₹98.29 (as of 2026-08-21) |
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| AUM | ₹823 Cr |
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| Expense ratio | 2.00% |
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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 | 14.90% |
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| Sharpe ratio | 0.4 |
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| Standard deviation | 19.07% |
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| Max drawdown | -83.04% |
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| Alpha | -0.02 |
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| Beta | 1.14 |
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Over 5 years, captured 110.3% of Nifty 500's upside and 98.3% of its downside.
Market cap allocation
| Large cap | 37.8% |
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| Mid cap | 9.9% |
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| Small cap | 52.3% |
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Concentration
| Top 5 holdings | 18.5% |
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| Top 10 holdings | 32.7% |
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| Total holdings | 69 |
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| Index overlap | 22.6% |
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| Active share | 77.4% |
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Top holdings
- ICICI Bank Ltd. — 4.1%
- Larsen & Toubro Limited — 3.9%
- Shriram Finance Limited — 3.9%
- Redington Limited — 3.4%
- JANA SMALL FINANCE BANK LIMITED — 3.2%
- Infosys Ltd — 3.2%
- Bharti Airtel Ltd. — 2.9%
- Godfrey Phillips India Ltd. — 2.8%
- HDFC Bank Ltd. — 2.7%
- Tech Mahindra Limited — 2.7%
Top sectors
- Banking & Financial — 24.5%
- Automobile — 8.3%
- SERVICES — 6.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 2.0% | Q2 | #9 of 23 |
| 2025 | -4.4% | Q4 (Bottom) | #21 of 22 |
| 2024 | 25.1% | Q1 (Top) | #4 of 21 |
| 2023 | 47.7% | Q1 (Top) | #1 of 19 |
| 2022 | 5.3% | Q2 | #8 of 18 |