JM Small Cap Fund
JM Financial Mutual Fund · Small Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
11.7289
1-day change
-1.04%
1Y return
15.2%
3Y CAGR
n/a
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 24 Jun 2024 to 1 Oct 2026
Returns vs Small Cap median (35 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -2.8% | -3.6% |
| 3 months | 0.5% | 1.3% |
| 6 months | 34.4% | 23.9% |
| Year to date | 18.1% | 12.0% |
| 1 year | 15.2% | 11.6% |
| 3 years (CAGR) | n/a | 14.7% |
| 5 years (CAGR) | n/a | 15.4% |
| 7 years (CAGR) | n/a | 23.3% |
| 10 years (CAGR) | n/a | 17.1% |
| Since first NAV (CAGR) | 7.3% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 3.0% | 16.5% |
| 3Y rolling median | n/a | 21.7% |
| 3Y rolling worst | n/a | 0.0% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | 68% |
| 5Y rolling median | n/a | 21.5% |
| 5Y rolling worst | n/a | 4.8% |
| 5Y periods ahead of benchmark | n/a | 92% |
Benchmark: Nifty Smallcap 250 (proxy: Motilal Oswal Nifty Smallcap 250 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | n/a | 19.9% |
| Sharpe ratio | n/a | 0.49 |
| Sortino ratio | n/a | 0.77 |
| Beta | n/a | 0.86 |
| Alpha (ann.) | n/a | 2.9% |
| Upside capture | n/a | 87.14 |
| Downside capture | n/a | 82.75 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −24.4% | −32.4% |
| Maximum drawdown, last 10Y | n/a | −47.5% |
| Maximum drawdown, last 5Y | n/a | −24.1% |
| Current drawdown | −4.0% | −4.3% |
| Recovery time of worst fall | 471 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.52% a year and the Direct plan's 0.95%, a gap of 1.57%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹34,92,240.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 0.97% to 0.95% (AMFI TER disclosure)
- 28 Sep 2026: TER increased from 0.96% to 0.97% (AMFI TER disclosure)
- 25 Sep 2026: TER reduced from 0.97% to 0.96% (AMFI TER disclosure)
- 24 Sep 2026: TER increased from 0.96% to 0.97% (AMFI TER disclosure)
- 18 Sep 2026: TER reduced from 0.97% to 0.96% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 0.96% to 0.97% (AMFI TER disclosure)
- 12 Sep 2026: TER reduced from 0.97% to 0.96% (AMFI TER disclosure)
- 3 Sep 2026: TER reduced from 0.98% to 0.97% (AMFI TER disclosure)
- 2 Sep 2026: TER increased from 0.97% to 0.98% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Asit Bhandarkar | 18 Jun 2024 | |
| Satish Ramanathan | 1 Oct 2024 | |
| Deepak Gupta | 11 Apr 2025 | |
| Ruchi Fozdar | For Debt portion only | 4 Oct 2024 |
Objective: The primary objective of the Scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies, as defined by SEBI. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Stated asset allocation: Equity & Equity related instruments^ of small cap companies$ - 65%-100%, Equity and equity related instruments^ of other than small cap companies - 0%-35%, Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds*- 0%-35%. $Small Cap companies are those companies which are classified as small cap companies by Securities and Exchange Board of India (SEBI) or Association of Mutual Funds in India (AMFI) in terms of market capitalisation. Small Cap Companies as defined by SEBI: 251st company onwards in terms of full market capitalization. *Any other security as may be permitted by SEBI/ RBI from time to time. Other Liquid instrum…
Benchmark (tier 1): Nifty Smallcap 250 TRI (Total Return Index)
Exit load: In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 180 days from the date of allotment, No Exit Load is payable if Units are redeemed / switched-out after 180 days from the date of allotment, No Entry / Exit Load shall be levied on units allotted on Reinvestment of Income Distribution cum Capital Withdrawal Option, In respect of Systematic Transactions such as SIP,STP, SWP, Exit Load, if any, prevailing on the date of registration / enrolment for SIP/STP/SWP shall be levied for all the opted Installments.
Minimum application: 1000/-
Allotment date: 18 Jun 2024
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.95% | 0.90% |
| AUM, whole scheme (₹ crore) | 939 | 5,373 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 18.1% | 7.2% TRI |
Official benchmark: Nifty Smallcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Small Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Smallcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 18.1% | 5.5% | +12.5% |
| 2025 | -6.9% | -5.6% | −1.2% |
Benchmark proxy: Motilal Oswal Nifty Smallcap 250 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,36,992 | 27.2% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Small Cap
Plan / option: Direct · Growth
AMFI scheme code: 152614
ISIN: INF192K01NH3
First NAV in MFIC data: 24 Jun 2024
History: 2.3 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Motilal Oswal Small Cap Fund | Small Cap | 0.97 | n/a |
| BANK OF INDIA SMALL CAP FUND | Small Cap | 0.97 | 21.7% |
| ITI Small Cap Fund | Small Cap | 0.97 | 23.2% |
| JM Mid Cap Fund | Mid Cap | 0.97 | 17.6% |
| Invesco India Small Cap Fund | Small Cap | 0.97 | 21.6% |
| Quant Small Cap Fund | Small Cap | 0.97 | 17.0% |
Questions about JM Small Cap Fund
- What is the latest NAV of JM Small Cap Fund?
- The NAV of the Direct plan (growth option) was ₹11.7289 on 1 Oct 2026, as published by AMFI.
- Which category is JM Small Cap Fund in?
- It is classified as Small Cap in AMFI's daily NAV file; a Small Cap scheme invests at least 65% in small-cap stocks. MFIC compares it with 35 Small Cap schemes (Direct plans).
- What was the largest fall in JM Small Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 24.4%.
- What is the expense ratio (TER) of JM Small Cap Fund?
- The total expense ratio of the Direct plan is 0.95% a year, as disclosed to AMFI (median of Small Cap Direct plans: 0.90%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is JM Small Cap Fund?
- Assets under management of the whole scheme were ₹939 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of JM Small Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- Who manages JM Small Cap Fund?
- According to its Scheme Summary Document, JM Small Cap Fund is managed by Asit Bhandarkar (since 18 Jun 2024), Satish Ramanathan (since 1 Oct 2024), Deepak Gupta (since 11 Apr 2025), Ruchi Fozdar (since 4 Oct 2024).
- What is the exit load of JM Small Cap Fund?
- As stated in its scheme documents: In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 180 days from the date of allotment, No Exit Load is payable if Units are redeemed / switched-out after 180 days from the date of allotment, No Entry / Exit Load shall be levied on units allotted on Reinvestment of Income Distribution cum Capital Withdrawal Option, In respect of Systematic Transactions such as SIP,STP, SWP, Exit Load, if any, prevailing on the date of registration / enrolment for SIP/STP/SWP shall be levied for all the opted Installments. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in JM Small Cap Fund?
- The minimum application amount is 1000/-. SIP details: SIP - Daily, Weekly and Fortnightly - Rs. 500 - 6 Installments ; Monthly and Quarterly - Rs. 1000 - 6 Installments,STP- Daily 60 installments: 100 each. Further in multiples of Re 1/- Weekly/Fortnightly/Monthly : 12 installments for Rs. 500 or 6 installments for Rs. 1000 each. Further in multiple of Re 1/-. Quaterly : 3000 each 2 Instalments, SWP - Fixed Amount Withdrawal (FAW) - 5 instalments for Rs. 500/- each. Further in multiples of Re. 1/-; Capital Appreciation Withdrawal (CAW) - 5 instalm….
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 15.2% and the Regular plan's by 13.3%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.