Investment Objective and Approach

The Scheme seeks 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 fund follows a focused investment approach targeting small-cap companies with strong growth potential. "When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options". The fund is designed for investors with a long-term investment horizon who can withstand market volatility inherent in small-cap investing.

Key investment parameters include:

- Minimum SIP Investment is set to ₹100

- Minimum Lumpsum Investment is ₹5,000

- Exit load of 1%, if redeemed within 180 days

Fund Managers

The fund is currently managed by experienced professionals who bring extensive market expertise:

Satish Ramanathan - Satish Ramanathan is the Current Fund Manager of JM Small Cap Fund Direct Growth fund. Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA. Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.

Asit Bhandarkar - The fund is managed by Asit Bhandarkar (mentioned in some sources as an additional manager). Before joining JM Financial Ltd. in 2006, Mr. Bhandarkar had spent brief stints at Sushil Finance and Jet Age Securities as a Research Analyst. He moved on to fund management in 2003 when he joined SBI Funds Management. He worked there for two years before moving on to Lotus India AMC, where he served as a Fund Manager for another year.

About the Fund House (AMC)

JM Financial Mutual Fund stands as one of India's pioneering asset management companies with a rich legacy spanning three decades. JM Mutual Fund, established in 1994, is a part of the oldest and most reputed finance group, JM Financial Group. It is among the oldest private-sector mutual funds in India and has now grown to have a base of over 19,000 distributors across different locations in the country.

Company Heritage and Growth

JM Financial was founded in 1973 by Mahendra Kampani and Nimesh Kampani as a spin-off from Jamnadas Morarjee Securities' investment banking arm and was originally set up as a consultancy practice. The firm JM Financial Asset Management Ltd. (previously known as JM Financial Asset Management Private Limited) was established on June 9, 1994. On November 1, 1994, JM Financial Asset Management Ltd. assumed the role of the asset management company for JM Financial Mutual Fund.

Assets Under Management

As of recent data, JM Financial Mutual Fund has shown consistent growth in managing investor assets:

- JM Financial fund had an asset under management (AUM) of Rs. 6197.03 cr as of 31st March 2024

- As of March 2024, they manage assets worth Rs. 5819.13 Crore spread across 74 schemes

- AUM* of our wealth management businesses crossed a milestone of Rs.1,00,000 crore and the AUM of the mutual fund business has achieved a milestone of Rs. 10,000 crore

Investment Philosophy

Its mission is to manage risks effectively so as to generate high returns for its investors. 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.

Additionally, JM Financial Mutual Fund is a people-focused organization with a mix of fund managers from different backgrounds and expertise. These fund managers bring their unique skills to the fund to contribute immensely to its reputation and provide competitive returns to the investors.

Should I Invest in JM Small Cap Fund?

JM Small Cap Fund is suitable for investors who understand the unique characteristics of small-cap investing. This is a fund that invests in smaller companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

Who Should Consider This Fund:

- Investors with a long-term investment horizon of at least 7 years

- Those seeking capital appreciation over stable income

- Investors comfortable with high volatility and risk

- Those looking to diversify their portfolio with small-cap exposure

Important Considerations:

Warning: Do not invest in this, or any other small-cap fund, if you need to redeem your investment in less than seven years. Like for all equity funds, you must invest only through the SIP route.

Fund Performance Metrics:

- JM Small Cap Fund Direct Growth has given a CAGR return of 3.70% since inception

- JM Small Cap Fund Direct Growth has ₹720 Cr worth of assets under management (AUM) as on May 2025 and is more than category average

- The fund has an expense ratio 0.6

FAQs

What is today's NAV of JM Small Cap Fund?

The NAV changes daily based on market movements. You can check the current NAV on Allvest's platform or the official JM Financial website for real-time updates.

What is the AUM of JM Small Cap Fund?

JM Small Cap Fund Direct Growth has ₹720 Cr worth of assets under management (AUM) as on May 2025, though AUM figures may vary between different sources and dates.

What is the expense ratio of JM Small Cap Fund?

The fund has an expense ratio 0.6 for the direct plan, which is competitive compared to other small-cap funds in the market.

What are the returns of JM Small Cap Fund since inception?

JM Small Cap Fund Direct Growth has given a CAGR return of 3.70% since inception. However, past performance doesn't guarantee future results.

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

Minimum SIP Investment is set to ₹100, making it accessible for retail investors to start their investment journey.

How do I invest in JM Small Cap Fund?

You can invest in JM Small Cap Fund through Allvest's platform online. Simply create an account, complete your KYC, and start investing through SIP or lumpsum modes.

How to start a SIP in JM Small Cap Fund?

Through Allvest, you can easily set up a SIP by choosing the fund, selecting your investment amount (minimum ₹100), and setting up auto-debit instructions from your bank account.

How do I automate an SIP in JM Small Cap Fund?

Allvest provides automated SIP facilities where you can set up monthly debits from your bank account. The platform will automatically invest your chosen amount on the selected date each month.

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

You can redeem your investment through Allvest's platform anytime. Note that Exit load of 1%, if redeemed within 180 days applies for early redemptions.