JM Large & Mid Cap Fund (Regular) - Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Generated +2.2% annualized alpha (excess return) over its benchmark.
- Downside capture of 107% indicates larger drops during broader market downturns.
- Expense ratio (2.72%) is higher than category median (2.32%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +7.03% | +7.09% | -0.06% |
| 3 Months | +0.21% | +0.32% | -0.11% |
| 6 Months | +7.95% | +5.55% | +2.40% |
| 1 Year | +3.10% | +3.04% | +0.06% |
| Since Inception | +6.17% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +4.49% | +2.62% | +1.87% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -6.91% | +2.52% | +2.76% | +9.37% | 70.4% | 100.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2025-11-17 | 2026-03-31 | -16.0% | 4 months | 4 months |
| 2026-08-31 | 2026-10-23 | -10.5% | 2 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related instruments of Large and Mid Cap Companies | 70% - 100%, Large Cap$ Companies - 35% - 65%, Mid Cap$ Companies - 35% - 65% , Equity and Equity Related Instruments other than above - 0% - 30%, Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds^ - 0% - 30% ^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. $The investment universe of “Large Cap” and “Mid Cap” shall comprise companies as defined by SEBI from time to time. In terms of SEBI Master Circular: the universe of “Large Cap” shall consist of 1st to 100th company in terms of full market capitalization; the universe of “Mid Cap” shall consist of 101st to 250th company in terms of full market capitalization |
Investment Objective & Strategy
The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of predominantly large cap and mid cap stocks. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 481 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as small relative to Large & Mid Cap 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 Large & Mid Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| ITI Large & Midcap Fund | 3.9 | - | - | 118.5% | Rs 708 cr | Compare → |
| PGIM India Large and Midcap Fund | 4.4 | - | 2.49% | 110.4% | Rs 829 cr | Compare → |
| Whiteoak Capital Large & Mid Cap Fund | 6.4 | - | 2.33% | 94.2% | Rs 2,599 cr | Compare → |
| Bajaj Finserv Large & Mid Cap Fund | 3.2 | - | 2.55% | 103.6% | Rs 2,492 cr | Compare → |
| Helios Large & Mid Cap Fund | 5.6 | - | 2.47% | 101.6% | Rs 1,628 cr | Compare → |
Frequently Asked Questions about JM Large & Mid Cap Fund
What is the expense ratio of JM Large & Mid Cap Fund?
JM Large & Mid Cap Fund has a total expense ratio (TER) of 2.72% with a base expense ratio of 2.1%, compared to the Large & Mid Cap category median of 2.32%.
Who manages JM Large & Mid Cap Fund?
JM Large & Mid Cap Fund is managed by Asit Bhandarkar (tenure: 1.3 years since 2025-07-25).
What are the historical returns of JM Large & Mid Cap Fund?
JM Large & Mid Cap Fund has a 1-year return of +3.10%.
How large is JM Large & Mid Cap Fund?
JM Large & Mid Cap Fund manages assets of Rs 481 cr, placing it in the 'small' size band relative to Large & Mid Cap peers.
How is JM Large & Mid Cap Fund scored on MFIQ?
JM Large & Mid Cap Fund holds an MFIQ Score of 4.3/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is JM Large & Mid Cap Fund?
JM Large & Mid Cap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 15.75% with a maximum historical drawdown of -16.01%.