JM Focused Fund (Regular) - Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 66% of historical 3-year rolling periods.
- Over 19 years of operational history across different market cycles.
- Downside capture of 115% indicates larger drops during broader market downturns.
- Expense ratio (2.85%) is higher than category median (2.24%), which creates fee drag over time.
- Experienced a maximum drawdown of -81.2% during severe market crashes.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +6.80% | +7.77% | -0.97% |
| 3 Months | -2.03% | +0.86% | -2.89% |
| 6 Months | +4.94% | +7.95% | -3.01% |
| 1 Year | +0.44% | +3.65% | -3.21% |
| 3 Years CAGR | +11.02% | +12.71% | -1.69% |
| 5 Years CAGR | +10.69% | +10.23% | +0.46% |
| 7 Years CAGR | +11.66% | +13.92% | -2.26% |
| 10 Years CAGR | +12.25% | +12.75% | -0.50% |
| Since Inception | +4.26% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in JM Focused Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +1.62% | +3.13% | -1.51% |
| 2025 | -1.95% | +2.93% | -4.88% |
| 2024 | +24.25% | +17.15% | +7.10% |
| 2023 | +32.89% | +28.21% | +4.68% |
| 2022 | +7.05% | -0.40% | +7.45% |
| 2021 | +16.33% | +34.23% | -17.90% |
| 2020 | +6.34% | +16.09% | -9.75% |
| 2019 | +10.62% | +15.36% | -4.74% |
| 2018 | -5.03% | -5.29% | +0.26% |
| 2017 | +43.11% | +39.11% | +4.00% |
| 2016 | +11.05% | +5.20% | +5.85% |
| 2015 | -2.39% | +2.95% | -5.34% |
| 2014 | +51.28% | +49.92% | +1.36% |
| 2013 | -0.98% | +0.43% | -1.41% |
| 2012 | +46.66% | +46.66% | 0.00% |
| 2011 | -39.92% | -21.95% | -17.97% |
| 2010 | -7.46% | +15.20% | -22.66% |
| 2009 | +59.78% | +63.84% | -4.06% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -74.90% | +11.90% | +7.99% | +139.76% | 67.0% | 42.9% |
| 3-Year Rolling | -27.01% | +10.47% | +13.71% | +35.73% | 79.6% | 66.1% |
| 5-Year Rolling | -17.67% | +10.99% | +11.86% | +26.96% | 95.7% | 33.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2008-05-07 | 2009-03-04 | -81.2% | 10 months | 131 months |
| 2020-02-19 | 2020-03-23 | -37.5% | 1 months | 9 months |
| 2024-09-23 | 2026-03-23 | -21.4% | 18 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related instruments* | 80% - 100%, Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds^ - 0% - 20% *Subject to overall limit of 30 stocks. ^Any other security as may be permitted by SEBI/ RBI from time to time. Other Liquid instruments includes cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by the SEBI. The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund. |
Investment Objective & Strategy
The investment objective of the Scheme is to generate long-term capital appreciation/income by investing in equity and equity related instruments across market capitalization of up to 30 companies. However there can be no assurance that the investment objective of the Scheme will be realized. The Scheme does not guarantee/indicate any returns. Investors are required to read all the scheme related information set out in this document carefully.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 285 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as too small relative to Focused schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Focused Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Axis Focused Fund | 3.8 | +10.60% | 1.89% | 105.5% | Rs 11,120 cr | Compare → |
| Mirae Asset Focused Fund | 3.3 | +9.44% | 2.14% | 94.9% | Rs 6,780 cr | Compare → |
| UTI Focused Fund 30 stocks | 4.1 | +10.80% | 2.22% | 99.0% | Rs 2,525 cr | Compare → |
| LIC MF Focused Fund | 2.2 | +9.33% | 3.38% | 100.5% | Rs 175 cr | Compare → |
| quant Focused Fund | 3.3 | +12.46% | 3.14% | 97.6% | Rs 864 cr | Compare → |
Frequently Asked Questions about JM Focused Fund
What is the expense ratio of JM Focused Fund?
JM Focused Fund has a total expense ratio (TER) of 2.85% with a base expense ratio of 2.1%, compared to the Focused category median of 2.24%.
Who manages JM Focused Fund?
JM Focused Fund is managed by Asit Bhandarkar (tenure: 17.7 years since 2009-02-25).
What are the historical returns of JM Focused Fund?
JM Focused Fund delivered a 3-year CAGR of 11.02% and a 5-year CAGR of 10.69%. Its 1-year return stands at +0.44%.
How large is JM Focused Fund?
JM Focused Fund manages assets of Rs 285 cr, placing it in the 'too small' size band relative to Focused peers.
How is JM Focused Fund scored on MFIQ?
JM Focused Fund holds an MFIQ Score of 2.2/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is JM Focused Fund?
JM Focused Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 16.82% with a maximum historical drawdown of -81.16%.