10 ਸਰਵੋਤਮ ਜੇਐਮ ਵਿੱਤੀ ਮਿਉਚੁਅਲ ਫੰਡ ਸਕੀਮਾਂ 2022

Updated on September 30, 2026 , 3435 views

ਜੇਐਮ ਵਿੱਤੀ ਮਿਉਚੁਅਲ ਫੰਡ ਵੱਖ-ਵੱਖ ਫੰਡਾਂ ਦੀ ਪੇਸ਼ਕਸ਼ ਕਰਦਾ ਹੈ ਜੋ ਵਿਅਕਤੀਗਤ ਅਤੇ ਇਸਦੇ ਸੰਸਥਾਗਤ ਨਿਵੇਸ਼ਕਾਂ ਦੋਵਾਂ ਦੀਆਂ ਵਿਭਿੰਨ ਲੋੜਾਂ ਨੂੰ ਪੂਰਾ ਕਰਦਾ ਹੈ। ਨਿਵੇਸ਼ਕ ਇਕੁਇਟੀ, ਕਰਜ਼ੇ, ਆਰਬਿਟਰੇਜ, ਹਾਈਬ੍ਰਿਡ ਅਤੇ ਵਰਗੇ ਵਿਕਲਪਾਂ ਵਿੱਚੋਂ ਚੋਣ ਕਰ ਸਕਦੇ ਹਨਤਰਲ ਫੰਡ.

ਨਾਲਨਿਵੇਸ਼ ਵਿੱਚਇਕੁਇਟੀ ਫੰਡ, ਨਿਵੇਸ਼ਕ ਲੰਬੇ ਸਮੇਂ ਦੀ ਦੌਲਤ ਸਿਰਜਣਾ ਦਾ ਟੀਚਾ ਰੱਖ ਸਕਦੇ ਹਨ।ਕਰਜ਼ਾ ਫੰਡ ਨਿਯਮਤ ਅਤੇ ਸਥਿਰ ਲਈ ਇੱਕ ਵਧੀਆ ਵਿਕਲਪ ਹਨਆਮਦਨ. ਅਤੇ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਕੇਹਾਈਬ੍ਰਿਡ ਫੰਡ, ਨਿਵੇਸ਼ਕ ਕਰਜ਼ੇ ਅਤੇ ਇਕੁਇਟੀ ਦੋਵਾਂ ਦੇ ਲਾਭ ਲੈ ਸਕਦੇ ਹਨ, ਕਿਉਂਕਿ ਇਹ ਫੰਡ ਦੋਵਾਂ ਸਾਧਨਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਦੇ ਹਨ। ਫੰਡ ਹਾਊਸ ਦਾ ਉਦੇਸ਼ ਜੋਖਮ ਨੂੰ ਪ੍ਰਭਾਵਸ਼ਾਲੀ ਢੰਗ ਨਾਲ ਪ੍ਰਬੰਧਨ ਕਰਨਾ ਹੈ ਤਾਂ ਜੋ ਨਿਵੇਸ਼ਕ ਆਪਣੇ ਨਿਵੇਸ਼ਾਂ ਦਾ ਵੱਧ ਤੋਂ ਵੱਧ ਲਾਭ ਲੈ ਸਕਣ। ਹੇਠਾਂ ਦਿੱਤੇ ਚੋਟੀ ਦੇ 10 ਸਭ ਤੋਂ ਵਧੀਆ ਜੇਐਮ ਵਿੱਤੀ ਹਨਮਿਉਚੁਅਲ ਫੰਡ ਸਕੀਮਾਂ ਜਿੱਥੇ ਤੁਸੀਂ ਨਿਵੇਸ਼ ਕਰ ਸਕਦੇ ਹੋ ਅਤੇ ਚੰਗਾ ਮੁਨਾਫਾ ਕਮਾ ਸਕਦੇ ਹੋ।

ਇਹਨਾਂ ਫੰਡਾਂ ਨੂੰ ਕੁਝ ਮਾਪਦੰਡ ਜਿਵੇਂ ਕਿ ਏ.ਯੂ.ਐਮ.ਨਹੀ ਹਨ, ਪਿਛਲੇ ਪ੍ਰਦਰਸ਼ਨ, ਪੀਅਰ ਔਸਤ ਰਿਟਰਨ, ਆਦਿ।

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ਜੇਐਮ ਵਿੱਤੀ ਮਿਉਚੁਅਲ ਫੰਡ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਿਉਂ ਕਰੋ?

ਇਸ ਨੂੰ CRISIL AAAmfs ਦਾ ਦਰਜਾ ਦਿੱਤਾ ਗਿਆ ਹੈ।
ਕਿਉਂਕਿ ਫੰਡ ਹਾਊਸ ਪੇਸ਼ਕਸ਼ ਕਰਦਾ ਹੈ ਏਰੇਂਜ ਮਿਉਚੁਅਲ ਫੰਡ ਸਕੀਮਾਂ ਵਿੱਚ, ਨਿਵੇਸ਼ਕ ਆਪਣੇ ਨਿਵੇਸ਼ ਟੀਚਿਆਂ ਦੀ ਯੋਜਨਾ ਬਣਾ ਸਕਦੇ ਹਨ ਅਤੇ ਇਹਨਾਂ ਫੰਡਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਕੇ ਪੂਰਾ ਕਰ ਸਕਦੇ ਹਨ।
ਵੱਖ-ਵੱਖ ਜੋਖਮਾਂ ਵਾਲੇ ਨਿਵੇਸ਼ਕ JM ਵਿੱਤੀ MF ਨਾਲ ਆਪਣੇ ਨਿਵੇਸ਼ ਦੀ ਯੋਜਨਾ ਬਣਾ ਸਕਦੇ ਹਨ।
ਨਿਵੇਸ਼ਕ ਜੋ ਟੈਕਸ ਬਚਤ ਲਈ ਨਿਵੇਸ਼ ਕਰਨਾ ਚਾਹੁੰਦੇ ਹਨ, ਜੇਐਮ ਵਿੱਤੀ ਪੇਸ਼ਕਸ਼ਾਂਟੈਕਸ ਸੇਵਿੰਗ ਸਕੀਮ ਜਿਸ ਦੁਆਰਾ ਜਾਣਿਆ ਜਾਂਦਾ ਹੈਜੇਐਮ ਟੈਕਸ ਲਾਭ ਫੰਡ. ਕੋਈ ਉਨ੍ਹਾਂ ਦੀ ਯੋਜਨਾ ਬਣਾ ਸਕਦਾ ਹੈਟੈਕਸ ਅਧੀਨਸਕਿੰਟ 80C.

ਵਧੀਆ ਜੇਐਮ ਵਿੱਤੀ ਮਿਉਚੁਅਲ ਫੰਡ ਸਕੀਮਾਂ

Fund	NAV	Net Assets (Cr)	Min Investment	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	Since launch (%)	2025 (%)
JM Liquid Fund Growth	₹76.8441 ↑ 0.02	₹1,743	5,000	500	1.5	3.2	6.3	6.8	6.2	7.3	6.4
JM Dynamic Debt Fund Growth	₹43.2114 ↓ -0.02	₹53	5,000	500	0.1	2.3	2.9	6.2	5.5	6.5	7
JM Multicap Fund Growth	₹95.8575 ↓ -1.11	₹5,185	5,000	500	-1.7	13	-1.6	11.9	13.2	13.4	-6.8
JM Value Fund Growth	₹93.6109 ↓ -1.06	₹817	5,000	500	-1	13.6	-2.8	10	13	15.6	-4.4
JM Core 11 Fund Growth	₹19.1264 ↓ -0.31	₹293	5,000	500	-4	9.9	-4	8.9	10.3	3.6	-1.9
JM Ultra Short Duration Fund Growth	₹26.7173 ↑ 0.00	₹35	5,000	500	4.5	6.4	5.3	4.3	5.7	7.3
JM Tax Gain Fund Growth	₹50.3751 ↓ -0.69	₹242	500	500	0.5	17	3.9	13.8	12	9.1	2.5
JM Arbitrage Fund Growth	₹34.8628 ↓ -0.02	₹482	5,000	500	1.3	2.7	5.6	6.2	5.7	6.4	5.9
JM Large Cap Fund Growth	₹144.636 ↓ -1.86	₹394	5,000	500	-4.1	3.9	-4.8	7.5	8.2	8.9	3.8
JM Equity Hybrid Fund Growth	₹115.863 ↓ -1.25	₹700	5,000	500	-0.4	7.9	-3.1	9.8	10.6	11.9	-3.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Oct 26

Research Highlights & Commentary of 10 Funds showcased

Commentary	JM Liquid Fund	JM Dynamic Debt Fund	JM Multicap Fund	JM Value Fund	JM Core 11 Fund	JM Ultra Short Duration Fund	JM Tax Gain Fund	JM Arbitrage Fund	JM Large Cap Fund	JM Equity Hybrid Fund
Point 1	Top quartile AUM (₹1,743 Cr).	Bottom quartile AUM (₹53 Cr).	Highest AUM (₹5,185 Cr).	Upper mid AUM (₹817 Cr).	Lower mid AUM (₹293 Cr).	Bottom quartile AUM (₹35 Cr).	Bottom quartile AUM (₹242 Cr).	Upper mid AUM (₹482 Cr).	Lower mid AUM (₹394 Cr).	Upper mid AUM (₹700 Cr).
Point 2	Established history (28+ yrs).	Established history (23+ yrs).	Established history (18+ yrs).	Established history (29+ yrs).	Established history (18+ yrs).	Established history (20+ yrs).	Established history (18+ yrs).	Established history (20+ yrs).	Oldest track record among peers (31 yrs).	Established history (31+ yrs).
Point 3	Top rated.	Rating: 4★ (top quartile).	Rating: 4★ (upper mid).	Rating: 4★ (upper mid).	Rating: 4★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 2★ (bottom quartile).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Moderately Low.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: High.	Risk profile: Moderately Low.	Risk profile: Moderately High.	Risk profile: Moderately Low.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	1Y return: 6.28% (top quartile).	1Y return: 2.90% (upper mid).	5Y return: 13.21% (top quartile).	5Y return: 13.02% (top quartile).	5Y return: 10.35% (upper mid).	1Y return: 5.35% (upper mid).	5Y return: 11.98% (upper mid).	5Y return: 5.70% (bottom quartile).	5Y return: 8.21% (lower mid).	5Y return: 10.65% (upper mid).
Point 6	1M return: 0.43% (top quartile).	1M return: -0.14% (upper mid).	3Y return: 11.86% (top quartile).	3Y return: 9.96% (upper mid).	3Y return: 8.95% (upper mid).	1M return: 0.23% (top quartile).	3Y return: 13.82% (top quartile).	3Y return: 6.24% (bottom quartile).	3Y return: 7.52% (lower mid).	3Y return: 9.80% (upper mid).
Point 7	Sharpe: 2.50 (top quartile).	Sharpe: -0.80 (bottom quartile).	1Y return: -1.59% (lower mid).	1Y return: -2.81% (lower mid).	1Y return: -3.99% (bottom quartile).	Sharpe: 0.13 (upper mid).	1Y return: 3.87% (upper mid).	1Y return: 5.64% (top quartile).	1Y return: -4.78% (bottom quartile).	1Y return: -3.10% (bottom quartile).
Point 8	Information ratio: 0.27 (upper mid).	Information ratio: 0.00 (bottom quartile).	Alpha: -0.14 (bottom quartile).	Alpha: -0.43 (bottom quartile).	Alpha: 2.82 (top quartile).	Information ratio: 0.00 (bottom quartile).	Alpha: 5.40 (top quartile).	1M return: 0.16% (upper mid).	Alpha: 2.20 (upper mid).	1M return: -4.81% (bottom quartile).
Point 9	Yield to maturity (debt): 6.12% (upper mid).	Yield to maturity (debt): 7.31% (top quartile).	Sharpe: -0.07 (bottom quartile).	Sharpe: 0.01 (upper mid).	Sharpe: 0.17 (upper mid).	Yield to maturity (debt): 3.37% (upper mid).	Sharpe: 0.22 (top quartile).	Alpha: 0.00 (lower mid).	Sharpe: 0.00 (lower mid).	Alpha: -0.09 (lower mid).
Point 10	Modified duration: 0.11 yrs (lower mid).	Modified duration: 2.96 yrs (bottom quartile).	Information ratio: 0.40 (top quartile).	Information ratio: 0.02 (lower mid).	Information ratio: 0.08 (lower mid).	Modified duration: 0.35 yrs (bottom quartile).	Information ratio: 0.70 (top quartile).	Sharpe: -0.03 (lower mid).	Information ratio: 0.18 (upper mid).	Sharpe: -0.05 (bottom quartile).

JM Liquid Fund

Top quartile AUM (₹1,743 Cr).
Established history (28+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.28% (top quartile).
1M return: 0.43% (top quartile).
Sharpe: 2.50 (top quartile).
Information ratio: 0.27 (upper mid).
Yield to maturity (debt): 6.12% (upper mid).
Modified duration: 0.11 yrs (lower mid).

JM Dynamic Debt Fund

Bottom quartile AUM (₹53 Cr).
Established history (23+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 2.90% (upper mid).
1M return: -0.14% (upper mid).
Sharpe: -0.80 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.31% (top quartile).
Modified duration: 2.96 yrs (bottom quartile).

JM Multicap Fund

Highest AUM (₹5,185 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.21% (top quartile).
3Y return: 11.86% (top quartile).
1Y return: -1.59% (lower mid).
Alpha: -0.14 (bottom quartile).
Sharpe: -0.07 (bottom quartile).
Information ratio: 0.40 (top quartile).

JM Value Fund

Upper mid AUM (₹817 Cr).
Established history (29+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 13.02% (top quartile).
3Y return: 9.96% (upper mid).
1Y return: -2.81% (lower mid).
Alpha: -0.43 (bottom quartile).
Sharpe: 0.01 (upper mid).
Information ratio: 0.02 (lower mid).

JM Core 11 Fund

Lower mid AUM (₹293 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 10.35% (upper mid).
3Y return: 8.95% (upper mid).
1Y return: -3.99% (bottom quartile).
Alpha: 2.82 (top quartile).
Sharpe: 0.17 (upper mid).
Information ratio: 0.08 (lower mid).

JM Ultra Short Duration Fund

Bottom quartile AUM (₹35 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.35% (upper mid).
1M return: 0.23% (top quartile).
Sharpe: 0.13 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 3.37% (upper mid).
Modified duration: 0.35 yrs (bottom quartile).

JM Tax Gain Fund

Bottom quartile AUM (₹242 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 11.98% (upper mid).
3Y return: 13.82% (top quartile).
1Y return: 3.87% (upper mid).
Alpha: 5.40 (top quartile).
Sharpe: 0.22 (top quartile).
Information ratio: 0.70 (top quartile).

JM Arbitrage Fund

Upper mid AUM (₹482 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 5.70% (bottom quartile).
3Y return: 6.24% (bottom quartile).
1Y return: 5.64% (top quartile).
1M return: 0.16% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.03 (lower mid).

JM Large Cap Fund

Lower mid AUM (₹394 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 8.21% (lower mid).
3Y return: 7.52% (lower mid).
1Y return: -4.78% (bottom quartile).
Alpha: 2.20 (upper mid).
Sharpe: 0.00 (lower mid).
Information ratio: 0.18 (upper mid).

JM Equity Hybrid Fund

Upper mid AUM (₹700 Cr).
Established history (31+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 10.65% (upper mid).
3Y return: 9.80% (upper mid).
1Y return: -3.10% (bottom quartile).
1M return: -4.81% (bottom quartile).
Alpha: -0.09 (lower mid).
Sharpe: -0.05 (bottom quartile).

1. JM Liquid Fund

(Erstwhile JM High Liquidity Fund)

To provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market instruments.

Research Highlights for JM Liquid Fund

Top quartile AUM (₹1,743 Cr).
Established history (28+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.28% (top quartile).
1M return: 0.43% (top quartile).
Sharpe: 2.50 (top quartile).
Information ratio: 0.27 (upper mid).
Yield to maturity (debt): 6.12% (upper mid).
Modified duration: 0.11 yrs (lower mid).
Average maturity: 0.11 yrs (lower mid).
Exit load: NIL.
Top sector: Consumer Cyclical.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~99%).
High-quality debt (AAA/AA ~100%).
Largest holding Ccil (~6.8%).

Below is the key information for JM Liquid Fund

JM Liquid Fund Growth
Launch Date	31 Dec 97
NAV (04 Oct 26)	₹76.8441 ↑ 0.02 (0.03 %)
Net Assets (Cr)	₹1,743 on 31 Aug 26
Category	Debt - Liquid Fund
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.26
Sharpe Ratio	2.5
Information Ratio	0.27
Alpha Ratio	-0.11
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.12%
Effective Maturity	1 Month 11 Days
Modified Duration	1 Month 8 Days
Sub Cat.	Liquid Fund

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,409
30 Sep 23	₹11,115
30 Sep 24	₹11,924
30 Sep 25	₹12,724
30 Sep 26	₹13,521

JM Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for JM Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.2%
1 Year	6.3%
3 Year	6.8%
5 Year	6.2%
10 Year
15 Year
Since launch	7.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.4%
2024	7.2%
2023	7%
2022	4.8%
2021	3.3%
2020	4%
2019	6.6%
2018	7.4%
2017	6.7%
2016	7.7%

Fund Manager information for JM Liquid Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	1.82 Yr.
Ruchi Fozdar	3 Apr 24	2.41 Yr.
Jayant Dhoot	1 Aug 25	1.08 Yr.

Data below for JM Liquid Fund as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	99.45%
Other	0.55%

Debt Sector Allocation

Sector	Value
Cash Equivalent	63.77%
Government	17.91%
Corporate	17.77%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Ccil CBLO/Reverse Repo \| -	7%	₹105 Cr	104,623 ↑ 104,623
India (Republic of) - \| -	6%	₹99 Cr	10,000,000
Bank Of Baroda Certificate of Deposit \| -	6%	₹99 Cr	10,000,000
L&T Finance Limited Commercial Paper \| -	6%	₹99 Cr	10,000,000
HDFC Bank Ltd. Debentures \| -	5%	₹75 Cr	7,500,000 ↑ 7,500,000
Small Industries Development Bank Of India Certificate of Deposit \| -	5%	₹74 Cr	7,500,000
India (Republic of) - \| -	5%	₹74 Cr	7,500,000 ↑ 7,500,000
India (Republic of) - \| -	3%	₹52 Cr	5,200,000 ↑ 5,000,000
Union Bank of India Debentures \| -	3%	₹50 Cr	5,000,000
Rec Limited Commercial Paper \| -	3%	₹50 Cr	5,000,000

2. JM Dynamic Debt Fund

(Erstwhile JM Floater Long Term Fund)

The scheme Objective is to provide regular income and capital appreciation through investment in Floating Rate debt Instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments.

Research Highlights for JM Dynamic Debt Fund

Bottom quartile AUM (₹53 Cr).
Established history (23+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 2.90% (upper mid).
1M return: -0.14% (upper mid).
Sharpe: -0.80 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.31% (top quartile).
Modified duration: 2.96 yrs (bottom quartile).
Average maturity: 3.89 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~78%).
High-quality debt (AAA/AA ~100%).
Largest holding 6.36% Govt Stock 2031 (~21.5%).
Top-3 holdings concentration ~37.5%.

Below is the key information for JM Dynamic Debt Fund

JM Dynamic Debt Fund Growth
Launch Date	25 Jun 03
NAV (01 Oct 26)	₹43.2114 ↓ -0.02 (-0.05 %)
Net Assets (Cr)	₹53 on 15 Aug 26
Category	Debt - Dynamic Bond
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.98
Sharpe Ratio	-0.8
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.31%
Effective Maturity	3 Years 10 Months 20 Days
Modified Duration	2 Years 11 Months 16 Days
Sub Cat.	Dynamic Bond

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,287
30 Sep 23	₹10,917
30 Sep 24	₹11,892
30 Sep 25	₹12,688
30 Sep 26	₹13,081

JM Dynamic Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for JM Dynamic Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	-0.1%
3 Month	0.1%
6 Month	2.3%
1 Year	2.9%
3 Year	6.2%
5 Year	5.5%
10 Year
15 Year
Since launch	6.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7%
2024	8%
2023	6.3%
2022	3.8%
2021	2.7%
2020	7.8%
2019	6.2%
2018	7.4%
2017	7.5%
2016	8.3%

Fund Manager information for JM Dynamic Debt Fund

Name	Since	Tenure
Killol Pandya	5 Nov 24	1.82 Yr.
Ruchi Fozdar	3 Apr 24	2.41 Yr.
Jayant Dhoot	1 Aug 25	1.08 Yr.

Data below for JM Dynamic Debt Fund as on 15 Aug 26

Asset Allocation

Asset Class	Value
Cash	21.94%
Debt	77.73%
Other	0.33%

Debt Sector Allocation

Sector	Value
Corporate	54.2%
Government	38.26%
Cash Equivalent	7.21%

Credit Quality

Rating	Value
AA	4.96%
AAA	95.04%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.36% Govt Stock 2031 Sovereign Bonds \| -	21%	₹11 Cr	1,150,000 ↑ 500,000
Rec Limited Debentures \| -	8%	₹4 Cr	450,000
National Bank For Agriculture And Rural Development Debentures \| -	8%	₹4 Cr	400,000
Small Industries Development Bank Of India Debentures \| -	7%	₹4 Cr	400,000
Mahindra And Mahindra Financial Services Limited Debentures \| -	6%	₹3 Cr	300,000
Bajaj Finance Limited Debentures \| -	6%	₹3 Cr	300,000
Bajaj Housing Finance Limited Debentures \| -	6%	₹3 Cr	300,000
6.68% Govt Stock 2040 Sovereign Bonds \| -	5%	₹3 Cr	300,000
Muthoot Finance Limited Debentures \| -	5%	₹2 Cr	250,000
6.94% Govt Stock 2036 Sovereign Bonds \| -	4%	₹2 Cr	200,000 ↓ -500,000

3. JM Multicap Fund

(Erstwhile JM Multi Strategy Fund)

The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies.

Research Highlights for JM Multicap Fund

Highest AUM (₹5,185 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.21% (top quartile).
3Y return: 11.86% (top quartile).
1Y return: -1.59% (lower mid).
Alpha: -0.14 (bottom quartile).
Sharpe: -0.07 (bottom quartile).
Information ratio: 0.40 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~3.8%).

Below is the key information for JM Multicap Fund

JM Multicap Fund Growth
Launch Date	23 Sep 08
NAV (01 Oct 26)	₹95.8575 ↓ -1.11 (-1.15 %)
Net Assets (Cr)	₹5,185 on 31 Jul 26
Category	Equity - Multi Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.8
Sharpe Ratio	-0.07
Information Ratio	0.4
Alpha Ratio	-0.14
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Multi Cap

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,073
30 Sep 23	₹13,205
30 Sep 24	₹21,001
30 Sep 25	₹18,618
30 Sep 26	₹18,696

JM Multicap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for JM Multicap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	-4.2%
3 Month	-1.7%
6 Month	13%
1 Year	-1.6%
3 Year	11.9%
5 Year	13.2%
10 Year
15 Year
Since launch	13.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-6.8%
2024	33.3%
2023	40%
2022	7.8%
2021	32.9%
2020	11.4%
2019	16.6%
2018	-5.4%
2017	39.5%
2016	10.5%

Fund Manager information for JM Multicap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	5.04 Yr.
Asit Bhandarkar	1 Oct 24	1.92 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Multicap Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	26.73%
Consumer Cyclical	20.29%
Technology	16.07%
Industrials	10.84%
Basic Materials	6.2%
Health Care	6.1%
Energy	3.74%
Consumer Defensive	3.48%
Communication Services	2.19%
Utility	1.04%
Real Estate	0.99%

Asset Allocation

Asset Class	Value
Cash	2.3%
Equity	97.68%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 21 \| ICICIBANK	4%	₹203 Cr	1,393,062 ↓ -372,000
State Bank of India (Financial Services) Equity, Since 30 Nov 20 \| SBIN	3%	₹158 Cr	1,493,384 ↑ 310,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| HDFCBANK	3%	₹150 Cr	2,112,000 ↓ -388,000
One97 Communications Ltd (Technology) Equity, Since 31 May 25 \| PAYTM	3%	₹147 Cr	857,776 ↓ -32,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	3%	₹145 Cr	357,357 ↑ 10,000
Shriram Finance Ltd (Financial Services) Equity, Since 31 Dec 25 \| SHRIRAMFIN	3%	₹137 Cr	1,233,283 ↓ -45,000
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 25 \| RELIANCE	2%	₹130 Cr	1,015,000 ↑ 350,000
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Jul 26 \| M&M	2%	₹124 Cr	378,586 ↑ 150,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	2%	₹116 Cr	638,700
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 28 Feb 25 \| GODFRYPHLP	2%	₹115 Cr	547,986 ↓ -52,014

4. JM Value Fund

(Erstwhile JM Basic Fund)

The primary objective of the Scheme will be to provide capital appreciation to its Unitholders through judicious deployment of the corpus of the Scheme in sectors categorized under “basic industry” in the normal parlance and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The fund would continue to remain open-ended with a sector focus.

Research Highlights for JM Value Fund

Upper mid AUM (₹817 Cr).
Established history (29+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 13.02% (top quartile).
3Y return: 9.96% (upper mid).
1Y return: -2.81% (lower mid).
Alpha: -0.43 (bottom quartile).
Sharpe: 0.01 (upper mid).
Information ratio: 0.02 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding Redington Ltd (~4.4%).

Below is the key information for JM Value Fund

JM Value Fund Growth
Launch Date	2 Jun 97
NAV (01 Oct 26)	₹93.6109 ↓ -1.06 (-1.12 %)
Net Assets (Cr)	₹817 on 31 Aug 26
Category	Equity - Value
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.23
Sharpe Ratio	0.01
Information Ratio	0.02
Alpha Ratio	-0.43
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Value

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹9,789
30 Sep 23	₹13,816
30 Sep 24	₹21,369
30 Sep 25	₹18,733
30 Sep 26	₹18,575

JM Value Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for JM Value Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	-3.7%
3 Month	-1%
6 Month	13.6%
1 Year	-2.8%
3 Year	10%
5 Year	13%
10 Year
15 Year
Since launch	15.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-4.4%
2024	25.1%
2023	47.7%
2022	5.3%
2021	36.3%
2020	13.4%
2019	11.9%
2018	-11.2%
2017	44.6%
2016	12.1%

Fund Manager information for JM Value Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	5.03 Yr.
Asit Bhandarkar	11 Dec 06	19.73 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Value Fund as on 31 Aug 26

Equity Sector Allocation

Sector	Value
Financial Services	27.63%
Consumer Cyclical	21.02%
Industrials	18.85%
Technology	14.51%
Communication Services	3.76%
Health Care	3.73%
Basic Materials	3.57%
Consumer Defensive	2.38%
Utility	2.07%
Energy	0.76%
Real Estate	0.57%

Asset Allocation

Asset Class	Value
Cash	1.15%
Equity	98.85%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Redington Ltd (Technology) Equity, Since 30 Jun 26 \| 532805	4%	₹36 Cr	997,047 ↑ 150,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 26 \| ICICIBANK	4%	₹33 Cr	230,000
Shriram Finance Ltd (Financial Services) Equity, Since 31 Aug 25 \| SHRIRAMFIN	4%	₹33 Cr	300,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Apr 09 \| LT	3%	₹28 Cr	70,000 ↓ -10,613
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	3%	₹26 Cr	225,000
Tata Motors Ltd (Consumer Cyclical) Equity, Since 31 Oct 25 \| TMCV	3%	₹22 Cr	471,427
Jana Small Finance Bank Ltd (Financial Services) Equity, Since 30 Sep 24 \| JSFB	3%	₹22 Cr	410,934 ↓ -33,055
Tech Mahindra Ltd (Technology) Equity, Since 30 Jun 24 \| 532755	3%	₹22 Cr	135,266 ↑ 5,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 24 \| BHARTIARTL	3%	₹22 Cr	120,000
Godfrey Phillips India Ltd (Consumer Defensive) Equity, Since 31 Aug 24 \| GODFRYPHLP	2%	₹19 Cr	92,579 ↓ -13,000

5. JM Core 11 Fund

The investment objective of the Scheme is to provide long-term growth by investing predominantly in a concentrated portfolio of equity / equity related instruments of companies.

Research Highlights for JM Core 11 Fund

Lower mid AUM (₹293 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 10.35% (upper mid).
3Y return: 8.95% (upper mid).
1Y return: -3.99% (bottom quartile).
Alpha: 2.82 (top quartile).
Sharpe: 0.17 (upper mid).
Information ratio: 0.08 (lower mid).
Higher exposure to Consumer Cyclical vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Coforge Ltd (~5.7%).

Below is the key information for JM Core 11 Fund

JM Core 11 Fund Growth
Launch Date	5 Mar 08
NAV (01 Oct 26)	₹19.1264 ↓ -0.31 (-1.61 %)
Net Assets (Cr)	₹293 on 31 Aug 26
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆☆☆
Risk	High
Expense Ratio	2.38
Sharpe Ratio	0.17
Information Ratio	0.08
Alpha Ratio	2.82
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Large Cap

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹9,850
30 Sep 23	₹12,572
30 Sep 24	₹18,073
30 Sep 25	₹16,791
30 Sep 26	₹16,524

JM Core 11 Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for JM Core 11 Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	-6.4%
3 Month	-4%
6 Month	9.9%
1 Year	-4%
3 Year	8.9%
5 Year	10.3%
10 Year
15 Year
Since launch	3.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-1.9%
2024	24.3%
2023	32.9%
2022	7.1%
2021	16.3%
2020	6.3%
2019	10.6%
2018	-5%
2017	43.1%
2016	11.1%

Fund Manager information for JM Core 11 Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.92 Yr.
Asit Bhandarkar	25 Feb 09	17.52 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Core 11 Fund as on 31 Aug 26

Equity Sector Allocation

Sector	Value
Consumer Cyclical	28.32%
Financial Services	28.16%
Industrials	16.13%
Technology	13.68%
Consumer Defensive	3.45%
Health Care	3.25%
Utility	2.31%
Basic Materials	2.28%

Asset Allocation

Asset Class	Value
Cash	2.43%
Equity	97.57%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Coforge Ltd (Technology) Equity, Since 31 Jul 25 \| COFORGE	6%	₹17 Cr	84,619
IDFC First Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| IDFCFIRSTB	5%	₹15 Cr	1,725,000
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 May 25 \| UJJIVANSFB	5%	₹14 Cr	2,050,001 ↓ -50,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	5%	₹14 Cr	131,500
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Oct 11 \| LT	5%	₹13 Cr	33,007
One97 Communications Ltd (Technology) Equity, Since 31 May 25 \| PAYTM	4%	₹13 Cr	75,000
Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 31 Mar 23 \| AMBER	4%	₹12 Cr	15,850 ↓ -1,200
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Jun 26 \| MOTHERSON	4%	₹12 Cr	700,000
Eicher Motors Ltd (Consumer Cyclical) Equity, Since 28 Feb 25 \| EICHERMOT	4%	₹12 Cr	14,497
Eternal Ltd (Consumer Cyclical) Equity, Since 30 Nov 23 \| ETERNAL	4%	₹11 Cr	350,000

6. JM Ultra Short Duration Fund

(Erstwhile JM Money Manager Fund)

To generate stable long term returns with low risk strategy and capital appreciation/accretion through investments in debt instruments and related securities besides preservation of capital.

Research Highlights for JM Ultra Short Duration Fund

Bottom quartile AUM (₹35 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.35% (upper mid).
1M return: 0.23% (top quartile).
Sharpe: 0.13 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 3.37% (upper mid).
Modified duration: 0.35 yrs (bottom quartile).
Average maturity: 0.37 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for JM Ultra Short Duration Fund

JM Ultra Short Duration Fund Growth
Launch Date	27 Sep 06
NAV (24 Sep 20)	₹26.7173 ↑ 0.00 (0.01 %)
Net Assets (Cr)	₹35 on 31 Aug 20
Category	Debt - Low Duration
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	1
Sharpe Ratio	0.13
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	3.37%
Effective Maturity	4 Months 13 Days
Modified Duration	4 Months 7 Days
Sub Cat.	Low Duration

Growth of 10,000 investment over the years.

Date	Value

JM Ultra Short Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for JM Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	0.2%
3 Month	4.5%
6 Month	6.4%
1 Year	5.3%
3 Year	4.3%
5 Year	5.7%
10 Year
15 Year
Since launch	7.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Fund Manager information for JM Ultra Short Duration Fund

Name	Since	Tenure

Data below for JM Ultra Short Duration Fund as on 31 Aug 20

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

7. JM Tax Gain Fund

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

Research Highlights for JM Tax Gain Fund

Bottom quartile AUM (₹242 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 11.98% (upper mid).
3Y return: 13.82% (top quartile).
1Y return: 3.87% (upper mid).
Alpha: 5.40 (top quartile).
Sharpe: 0.22 (top quartile).
Information ratio: 0.70 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding One97 Communications Ltd (~3.3%).

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund Growth
Launch Date	31 Mar 08
NAV (01 Oct 26)	₹50.3751 ↓ -0.69 (-1.35 %)
Net Assets (Cr)	₹242 on 31 Jul 26
Category	Equity - ELSS
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.37
Sharpe Ratio	0.22
Information Ratio	0.7
Alpha Ratio	5.4
Min Investment	500
Min SIP Investment	500
Exit Load	NIL
Sub Cat.	ELSS

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹9,668
30 Sep 23	₹11,889
30 Sep 24	₹18,242
30 Sep 25	₹16,682
30 Sep 26	₹17,768

JM Tax Gain Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Invest Now

Returns for JM Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	-4.3%
3 Month	0.5%
6 Month	17%
1 Year	3.9%
3 Year	13.8%
5 Year	12%
10 Year
15 Year
Since launch	9.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	2.5%
2024	29%
2023	30.9%
2022	0.5%
2021	32.2%
2020	18.3%
2019	14.9%
2018	-4.6%
2017	42.6%
2016	5.2%

Fund Manager information for JM Tax Gain Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.92 Yr.
Asit Bhandarkar	31 Dec 21	4.67 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Tax Gain Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	26.35%
Consumer Cyclical	22.51%
Technology	14.01%
Basic Materials	8.1%
Health Care	7.65%
Industrials	6.51%
Consumer Defensive	3.49%
Real Estate	3.38%
Energy	2.75%
Communication Services	2.41%
Utility	1.55%

Asset Allocation

Asset Class	Value
Cash	1.32%
Equity	98.68%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
One97 Communications Ltd (Technology) Equity, Since 31 May 25 \| PAYTM	3%	₹8 Cr	47,371
Syrma SGS Technology Ltd (Technology) Equity, Since 31 May 25 \| SYRMA	3%	₹7 Cr	49,357 ↓ -3,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| ICICIBANK	3%	₹7 Cr	48,500
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 11 \| HDFCBANK	3%	₹7 Cr	98,262
Karur Vysya Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| 590003	3%	₹7 Cr	199,000
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 25 \| RELIANCE	3%	₹7 Cr	53,400
CarTrade Tech Ltd (Consumer Cyclical) Equity, Since 30 Sep 25 \| 543333	2%	₹6 Cr	20,655
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	2%	₹6 Cr	32,950
Coforge Ltd (Technology) Equity, Since 31 May 25 \| COFORGE	2%	₹6 Cr	28,500
Fortis Healthcare Ltd (Healthcare) Equity, Since 30 Jun 26 \| 532843	2%	₹6 Cr	61,476 ↑ 15,900

8. JM Arbitrage Fund

(Erstwhile JM Arbitrage Advantage Fund)

The primary investment objective of the scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.

Research Highlights for JM Arbitrage Fund

Upper mid AUM (₹482 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 5.70% (bottom quartile).
3Y return: 6.24% (bottom quartile).
1Y return: 5.64% (top quartile).
1M return: 0.16% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.03 (lower mid).
Information ratio: 0.00 (bottom quartile).
Top sector: Health Care.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~96%).
High-quality debt (AAA/AA ~100%).
Largest holding JM Liquid Dir Gr (~6.5%).

Below is the key information for JM Arbitrage Fund

JM Arbitrage Fund Growth
Launch Date	18 Jul 06
NAV (01 Oct 26)	₹34.8628 ↓ -0.02 (-0.06 %)
Net Assets (Cr)	₹482 on 31 Aug 26
Category	Hybrid - Arbitrage
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.08
Sharpe Ratio	-0.03
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-30 Days (0.5%),30 Days and above(NIL)
Sub Cat.	Arbitrage

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,329
30 Sep 23	₹10,995
30 Sep 24	₹11,761
30 Sep 25	₹12,474
30 Sep 26	₹13,192

JM Arbitrage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120 Invest Now

Returns for JM Arbitrage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	0.2%
3 Month	1.3%
6 Month	2.7%
1 Year	5.6%
3 Year	6.2%
5 Year	5.7%
10 Year
15 Year
Since launch	6.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	5.9%
2024	7.2%
2023	6.6%
2022	4%
2021	2.8%
2020	2.6%
2019	5.3%
2018	5.4%
2017	5.1%
2016	6.8%

Fund Manager information for JM Arbitrage Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.92 Yr.
Asit Bhandarkar	18 Jul 14	12.13 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Arbitrage Fund as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	96.38%
Debt	4.06%
Other	0.03%

Equity Sector Allocation

Sector	Value
Health Care	0.33%
Consumer Defensive	0.1%
Basic Materials	0.01%
Technology	0.01%
Real Estate	0.01%

Debt Sector Allocation

Sector	Value
Cash Equivalent	93.14%
Government	5.65%
Corporate	1.65%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
JM Liquid Dir Gr Investment Fund \| -	7%	₹31 Cr	4,071,383 ↑ 1,037,383
Future on Kotak Mahindra Bank Ltd Derivatives \| -	4%	-₹18 Cr	420,000
Future on HDFC Bank Ltd Derivatives \| -	4%	-₹18 Cr	248,300 ↑ 9,750
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 25 \| KOTAKBANK	4%	₹18 Cr	420,000
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 25 \| HDFCBANK	4%	₹18 Cr	248,300 ↑ 9,750
Future on ICICI Bank Ltd Derivatives \| -	3%	-₹16 Cr	112,000 ↑ 2,800
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 25 \| ICICIBANK	3%	₹16 Cr	112,000 ↑ 2,800
Future on Reliance Industries Ltd Derivatives \| -	3%	-₹15 Cr	118,500 ↑ 10,500
Reliance Industries Ltd (Energy) Equity, Since 30 Sep 24 \| RELIANCE	3%	₹15 Cr	118,500 ↑ 10,500
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 24 \| 532215	3%	₹14 Cr	109,375 ↑ 46,875

9. JM Large Cap Fund

(Erstwhile JM Equity Fund)

The scheme seeks to provide optimum capital growth and appreciation.

Research Highlights for JM Large Cap Fund

Lower mid AUM (₹394 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 8.21% (lower mid).
3Y return: 7.52% (lower mid).
1Y return: -4.78% (bottom quartile).
Alpha: 2.20 (upper mid).
Sharpe: 0.00 (lower mid).
Information ratio: 0.18 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding ICICI Bank Ltd (~4.9%).

Below is the key information for JM Large Cap Fund

JM Large Cap Fund Growth
Launch Date	1 Apr 95
NAV (01 Oct 26)	₹144.636 ↓ -1.86 (-1.27 %)
Net Assets (Cr)	₹394 on 31 Aug 26
Category	Equity - Large Cap
AMC	JM Financial Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.39
Sharpe Ratio	0
Information Ratio	0.18
Alpha Ratio	2.2
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Large Cap

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹9,961
30 Sep 23	₹11,890
30 Sep 24	₹17,103
30 Sep 25	₹15,408
30 Sep 26	₹14,967

JM Large Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for JM Large Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	-6.5%
3 Month	-4.1%
6 Month	3.9%
1 Year	-4.8%
3 Year	7.5%
5 Year	8.2%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	3.8%
2024	15.1%
2023	29.6%
2022	3.4%
2021	23.2%
2020	18.1%
2019	4.9%
2018	0.8%
2017	20.9%
2016	1.8%

Fund Manager information for JM Large Cap Fund

Name	Since	Tenure
Satish Ramanathan	20 Aug 21	5.03 Yr.
Asit Bhandarkar	5 Oct 17	8.91 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	27 Jan 25	1.59 Yr.

Data below for JM Large Cap Fund as on 31 Aug 26

Equity Sector Allocation

Sector	Value
Financial Services	28.99%
Consumer Cyclical	15.65%
Industrials	13.22%
Technology	8.8%
Health Care	8.53%
Basic Materials	5.56%
Energy	4.3%
Consumer Defensive	3.65%
Communication Services	3.61%
Utility	3.06%
Real Estate	1.24%

Asset Allocation

Asset Class	Value
Cash	5.32%
Equity	94.68%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 11 \| ICICIBANK	5%	₹19 Cr	132,187 ↓ -21,000
State Bank of India (Financial Services) Equity, Since 31 Oct 11 \| SBIN	5%	₹18 Cr	169,097
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	4%	₹14 Cr	78,550
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 12 \| HDFCBANK	4%	₹14 Cr	198,694 ↓ -105,000
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 25 \| RELIANCE	3%	₹13 Cr	100,700
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 25 \| LT	3%	₹12 Cr	29,900
Torrent Pharmaceuticals Ltd (Healthcare) Equity, Since 28 Feb 25 \| TORNTPHARM	3%	₹12 Cr	22,773
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 25 \| KOTAKBANK	3%	₹11 Cr	268,700
Bajaj Finance Ltd (Financial Services) Equity, Since 28 Feb 25 \| 500034	3%	₹11 Cr	103,399 ↓ -9,100
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 25 \| 532215	3%	₹11 Cr	83,423 ↓ -8,000

10. JM Equity Hybrid Fund

(Erstwhile JM Balanced Fund)

To provide steady current income as well as long term growth of capital.

Research Highlights for JM Equity Hybrid Fund

Upper mid AUM (₹700 Cr).
Established history (31+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 10.65% (upper mid).
3Y return: 9.80% (upper mid).
1Y return: -3.10% (bottom quartile).
1M return: -4.81% (bottom quartile).
Alpha: -0.09 (lower mid).
Sharpe: -0.05 (bottom quartile).
Information ratio: 0.29 (upper mid).
Top sector: Financial Services.
Top bond sector: Corporate.
Equity-heavy allocation (~78%).
High-quality debt (AAA/AA ~100%).
Largest holding One97 Communications Ltd (~3.6%).

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (01 Oct 26)	₹115.863 ↓ -1.25 (-1.06 %)
Net Assets (Cr)	₹700 on 31 Aug 26
Category	Hybrid - Hybrid Equity
AMC	JM Financial Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	2.26
Sharpe Ratio	-0.05
Information Ratio	0.29
Alpha Ratio	-0.09
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)
Sub Cat.	Hybrid Equity

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹9,722
30 Sep 23	₹12,501
30 Sep 24	₹18,356
30 Sep 25	₹16,947
30 Sep 26	₹16,725

JM Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for JM Equity Hybrid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 26

Duration	Returns
1 Month	-4.8%
3 Month	-0.4%
6 Month	7.9%
1 Year	-3.1%
3 Year	9.8%
5 Year	10.6%
10 Year
15 Year
Since launch	11.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-3.1%
2024	27%
2023	33.8%
2022	8.1%
2021	22.9%
2020	30.5%
2019	-8.1%
2018	1.7%
2017	18.5%
2016	3%

Fund Manager information for JM Equity Hybrid Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.92 Yr.
Asit Bhandarkar	31 Dec 21	4.67 Yr.
Ruchi Fozdar	4 Oct 24	1.91 Yr.
Deepak Gupta	11 Apr 25	1.39 Yr.

Data below for JM Equity Hybrid Fund as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	6.75%
Equity	78.26%
Debt	15%

Equity Sector Allocation

Sector	Value
Financial Services	21.49%
Consumer Cyclical	13.19%
Technology	11.86%
Industrials	9.71%
Health Care	4.93%
Basic Materials	4.57%
Energy	3.65%
Consumer Defensive	2.72%
Communication Services	2.61%
Utility	2.43%
Real Estate	1.09%

Debt Sector Allocation

Sector	Value
Corporate	12.63%
Government	7.45%
Cash Equivalent	1.67%

Credit Quality

Rating	Value
AA	16.01%
AAA	83.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
One97 Communications Ltd (Technology) Equity, Since 30 Jun 25 \| PAYTM	4%	₹25 Cr	148,147 ↓ -9,000
6.36% Govt Stock 2031 Sovereign Bonds \| -	4%	₹25 Cr	2,525,000
Coforge Ltd (Technology) Equity, Since 31 May 25 \| COFORGE	3%	₹23 Cr	116,000
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| ETERNAL	3%	₹20 Cr	600,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	3%	₹19 Cr	179,040 ↓ -39,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	3%	₹18 Cr	100,946 ↓ -7,500
Reliance Industries Ltd (Energy) Equity, Since 28 Feb 26 \| RELIANCE	2%	₹17 Cr	133,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Apr 26 \| KOTAKBANK	2%	₹16 Cr	380,000
Apollo Hospitals Enterprise Ltd (Healthcare) Equity, Since 31 Dec 25 \| APOLLOHOSP	2%	₹15 Cr	17,014
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 21 \| ICICIBANK	2%	₹15 Cr	100,500

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