JM Mid Cap Fund
JM Financial Mutual Fund · Mid Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
20.2804
1-day change
-1.08%
1Y return
6.4%
3Y CAGR
15.7%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 25 Nov 2022 to 1 Oct 2026
Returns vs Mid Cap median (34 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -5.5% | -6.3% |
| 3 months | -2.3% | -3.5% |
| 6 months | 19.0% | 11.2% |
| Year to date | 6.7% | 0.4% |
| 1 year | 6.4% | 3.6% |
| 3 years (CAGR) | 15.7% | 13.9% |
| 5 years (CAGR) | n/a | 13.0% |
| 7 years (CAGR) | n/a | 20.1% |
| 10 years (CAGR) | n/a | 14.6% |
| Since first NAV (CAGR) | 20.0% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 11.0% | 12.5% |
| 3Y rolling median | 22.1% | 19.0% |
| 3Y rolling worst | 15.7% | -7.3% |
| 3Y periods positive | 100% | 96% |
| 3Y periods ahead of benchmark | 64% | 22% |
| 5Y rolling median | n/a | 17.6% |
| 5Y rolling worst | n/a | -1.0% |
| 5Y periods ahead of benchmark | n/a | 3% |
Benchmark: Nifty Midcap 150 (proxy: Motilal Oswal Nifty Midcap 150 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 19.1% | 18.1% |
| Sharpe ratio | 0.55 | 0.48 |
| Sortino ratio | 0.89 | 0.73 |
| Beta | 0.98 | 0.95 |
| Alpha (ann.) | 2.7% | 1.1% |
| Upside capture | 106.30 | 96.30 |
| Downside capture | 97.48 | 93.90 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −23.1% | −37.4% |
| Maximum drawdown, last 10Y | n/a | −37.3% |
| Maximum drawdown, last 5Y | n/a | −21.6% |
| Current drawdown | −6.4% | −7.7% |
| Recovery time of worst fall | 489 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,643.85 −1.02%
NSE close, 1 Oct 2026
- P/E 28.1: higher than 35% of days since 2022 (median 32.6)
- 1Y +2.5% · 3Y +13.0% p.a. · 5Y +14.3% p.a. (index fund NAV, after costs)
- −8.1% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.44% a year and the Direct plan's 0.94%, a gap of 1.50%; over the last 3 years the Direct plan returned 1.92 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹33,55,465.
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 2.47% to 2.44% (AMFI TER disclosure)
- 28 Sep 2026: TER increased from 2.46% to 2.47% (AMFI TER disclosure)
- 18 Sep 2026: TER reduced from 2.47% to 2.46% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 2.46% to 2.47% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Satish Ramanathan | 21 Nov 2022 | |
| Asit Bhandarkar | 1 Oct 2024 | |
| Deepak Gupta | 11 Apr 2025 | |
| Ruchi Fozdar | For Debt portion only | 4 Oct 2024 |
Objective: To provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies. There is no assurance that the investment objective of the Scheme will be realized
Stated asset allocation: Equity and Equity Related Instruments of Mid Cap companies* - 65% - 100%, Equity and Equity Related Instruments other than above - 0% - 35%, Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds^ : 0% - 35% ^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 universe of “Mid Cap”: • The investment uni…
Benchmark (tier 1): NIFTY MIDCAP 150 (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: ₹1,000
Allotment date: 21 Nov 2022
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), Regular plan | 2.44% | 2.03% |
| AUM, whole scheme (₹ crore) | 1,304 | 7,604 |
| 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) | 8.3% | 4.6% TRI |
| Return, 3 years (AMFI) | 16.0% | 13.7% TRI |
Official benchmark: Nifty Midcap 150 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Mid Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Midcap 150 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 6.7% | -2.5% | +9.2% |
| 2025 | -2.7% | 5.8% | −8.5% |
| 2024 | 35.3% | 24.2% | +11.2% |
| 2023 | 44.5% | 44.3% | +0.2% |
Benchmark proxy: Motilal Oswal Nifty Midcap 150 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 | ₹1,26,271 | 9.8% |
| 3 years | ₹3,60,000 | ₹4,10,419 | 8.7% |
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: Mid Cap
Plan / option: Regular · Growth
AMFI scheme code: 150812
ISIN: INF192K01MS2
First NAV in MFIC data: 25 Nov 2022
History: 3.8 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 |
|---|---|---|---|
| PGIM India Multi Cap Fund | Multi Cap | 0.97 | n/a |
| JM Small Cap Fund | Small Cap | 0.97 | n/a |
| BANDHAN INNOVATION FUND | Sectoral/Thematic | 0.96 | n/a |
| Invesco India Manufacturing Fund | Sectoral/Thematic | 0.96 | n/a |
| DSP Multi Cap Fund | Multi Cap | 0.95 | n/a |
| Tata Mid Cap Fund | Mid Cap | 0.95 | 11.8% |
Questions about JM Mid Cap Fund
- What is the latest NAV of JM Mid Cap Fund?
- The NAV of the Regular plan (growth option) was ₹20.2804 on 1 Oct 2026, as published by AMFI.
- Which category is JM Mid Cap Fund in?
- It is classified as Mid Cap in AMFI's daily NAV file; a Mid Cap scheme invests at least 65% in mid-cap stocks. MFIC compares it with 34 Mid Cap schemes (Regular plans).
- What returns has JM Mid Cap Fund delivered?
- Over one year the NAV changed by 6.4%. The 3-year CAGR is 15.7% (category median 13.9%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 22.1%, the lowest was 15.7%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty Midcap 150 (index-fund proxy) in 64% of those periods.
- What was the largest fall in JM Mid Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 23.1%.
- How volatile is JM Mid Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 19.1%, which is above the Mid Cap category median of 18.1%.
- What would a monthly SIP in JM Mid Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹4,10,419 on 1 Oct 2026, an annualised return (XIRR) of 8.7%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of JM Mid Cap Fund?
- The total expense ratio of the Regular plan is 2.44% a year, as disclosed to AMFI (median of Mid Cap Regular plans: 2.03%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is JM Mid Cap Fund?
- Assets under management of the whole scheme were ₹1,304 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of JM Mid 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.
- What is the benchmark of JM Mid Cap Fund and how has it compared?
- Its official benchmark is the Nifty Midcap 150 TRI. Over 3 years AMFI reports a return of 16.0% for this plan against 13.7% for the benchmark total return index. Past performance does not indicate future results.
- Who manages JM Mid Cap Fund?
- According to its Scheme Summary Document, JM Mid Cap Fund is managed by Satish Ramanathan (since 21 Nov 2022), Asit Bhandarkar (since 1 Oct 2024), Deepak Gupta (since 11 Apr 2025), Ruchi Fozdar (since 4 Oct 2024).
- What is the exit load of JM Mid 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 Mid Cap Fund?
- The minimum application amount is ₹1,000. 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 instal….
- 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 8.0% and the Regular plan's by 6.4%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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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 Regular 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.