Investment Objective and Approach

JM Midcap Fund aims to provide long-term capital appreciation by investing predominantly in Mid-Cap companies. The scheme seeks to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities, investing in Indian equities, foreign equities and related instruments and debt securities.

The fund follows an active investment approach focusing on mid-cap companies that offer growth potential over the long term. The fund's asset allocation comprises around 99.45% in equities, 0.00% in debts, and 0.55% in cash & cash equivalents. This concentrated equity allocation demonstrates the fund's commitment to capturing growth opportunities in the mid-cap segment.

Key investment highlights:

- Launch Date: November 21, 2022

- AUM: ₹1425.88 Crores as of August 25, 2025

- Latest NAV: ₹19.32 (Regular Plan) as of August 25, 2025

- Returns Since Inception: CAGR of 26.95%

- Minimum Investment: SIP of ₹100 or Lumpsum of ₹1000

Fund Managers

The fund is managed by experienced professionals who bring extensive expertise in equity research and portfolio management:

Satish Ramanathan: Current Fund Manager of JM Midcap Fund with strong academic credentials. Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA. He has significant experience in asset management having worked with various institutions before joining JM Financial.

Asit Bhandarkar: Co-manages the JM Midcap Fund along with Satish Ramanathan. Mr. Bhandarkar is a B.Com (H) and MMS with extensive experience in the financial services sector, having worked with prominent asset management companies before joining JM Financial.

Both fund managers bring complementary skills and extensive experience in equity research, fund management, and understanding of mid-cap market dynamics, which is crucial for generating consistent returns in this segment.

About the Fund House (AMC)

JM Financial Asset Management Limited is part of the larger JM Financial Group, founded in 1973 by Mahendra Kampani and Nimesh Kampani as a financial services organization. The firm JM Financial Asset Management Ltd. was established on June 9, 1994, and on November 1, 1994, JM Financial Asset Management Ltd. assumed the role of the asset management company for JM Financial Mutual Fund.

Key Facts about JM Financial:

- One of the oldest private sector mutual funds in India, with reported assets under management (AUM) amounting to Rs. 4583 crores as of December 2023

- As of June 30, 2022, the JM Financial Mutual Fund network spans across 13 locations, over 16,600 plus distributors, 1.35 lakh folios, and 81 service centres with a bouquet of 12 mutual fund schemes

- In FY24, the company ranked No. 1 in IPO and QIP with 47% and 38% market share, respectively, in terms of funds raised, acting on some of the largest marquee transactions

The primary objective of JM Financial Ltd. is and has always been to provide prudent financial advice to its clients and ensure high quarterly returns on its entire portfolio of funds through effective risk management. The group has established itself as a prominent player in investment banking, wealth management, and asset management services.

Should I Invest in JM Midcap Fund?

JM Midcap Fund can be suitable for investors with specific risk profiles and investment objectives:

Consider investing if you:

- Have a high risk tolerance and long-term investment horizon (5+ years)

- Want exposure to mid-cap companies with growth potential

- Seek capital appreciation over income generation

- Can handle market volatility associated with mid-cap investments

Key considerations:

- Risk Level: The JM Midcap Fund is rated Very High risk

- Exit Load: 1% if redeemed within 180 days

- Expense Ratio: 2.06% for regular plan, which is reasonable for actively managed equity funds

- Tax Implications: If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%

Performance factors to consider:

- The fund has delivered strong returns since inception but has a relatively short track record

- Mid-cap funds generally offer higher growth potential but with increased volatility

- Suitable for investors who understand and can handle the inherent risks of mid-cap investing

FAQs

What is today's NAV of JM Midcap Fund?

The latest NAV varies between plans. As of August 25, 2025, the Regular Growth plan NAV is ₹19.32. Please check the latest NAV on your investment platform or the fund house website for real-time updates.

What is the AUM of JM Midcap Fund?

The Assets Under Management (AUM) of JM Midcap Fund is ₹1425.88 crores as of August 25, 2025. AUM reflects the total value of assets managed by the fund.

What is the expense ratio of JM Midcap Fund?

The expense ratio is 2.06% for the regular plan and lower for the direct plan. This fee covers fund management and operational costs.

What are the returns of JM Midcap Fund since inception?

JM Midcap Fund has delivered a CAGR of 26.95% since its inception in November 2022. Past performance doesn't guarantee future results.

What is the minimum SIP amount to invest in JM Midcap Fund?

You can start a SIP in JM Midcap Fund with a minimum amount of ₹100 per month, making it accessible for small investors.

How do I invest in JM Midcap Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing between SIP or lump sum, and making the payment online.

How to start a SIP in JM Midcap Fund?

On Allvest, search for JM Midcap Fund, select SIP option, choose your monthly investment amount (minimum ₹100), set the date, and complete the setup.

How do I automate an SIP in JM Midcap Fund?

Through Allvest, you can set up auto-debit from your bank account or UPI for seamless monthly investments without manual intervention each month.

How can I withdraw/redeem my investment in JM Midcap Fund?

You can redeem your investment through Allvest's platform by placing a redemption request. Funds will be credited to your registered bank account within 3-4 working days.