Screener > Focused > JM Focused Fund

JM Focused Fund (Regular) - Growth Option

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AMC: JM Financial Mutual Fund • Category: Focused • NAV: Rs 20.4047 (2026-11-11) • Rank: #17 in category (#297 overall) • Index Proxy: Nifty 500
🏛️ 10+ Years Proven 🚀 High Bull Capture
Information only. Past performance does not guarantee future returns. Check the scheme documents and consult a qualified professional before investing.

💡 Why Pick This Fund? Quantitative Strengths & Watch-outs

🟢 Key Strengths
  • Outperformed category benchmark in 66% of historical 3-year rolling periods.
  • Over 19 years of operational history across different market cycles.
🟡 Things to Keep in Mind
  • Downside capture of 115% indicates larger drops during broader market downturns.
  • Expense ratio (2.85%) is higher than category median (2.24%), which creates fee drag over time.
  • Experienced a maximum drawdown of -81.2% during severe market crashes.
₹89₹118₹147₹177₹206Aug '21Apr '24Nov '26
JM Focused Fund
Proxy (Nifty 500)

Key Statistics vs Category Median

Fund Size
Rs 285 cr
Category: Rs 2,117 cr (too small)
Total Expense (TER)
2.85%
Category Median: 2.24%
Base Expense (BER)
2.10%
Excludes levies & brokerage
Sharpe Ratio
0.34
Category Median: 0.45
Beta
1.08
Category Median: 0.98
Alpha
-1.17%
Category Median: +0.85%
Standard Deviation
16.82%
Category Median: 15.22%
MFIQ Score
2.2/10
Weak
Lagging category peers on risk-adjusted returns, downside protection, or expense drag.
Returns (30%) 4.8/10
3Y CAGR 11.0% vs category median 12.7% (-1.7 points); 5Y CAGR 10.7%.
Risk Management (30%) 1.0/10
Sharpe ratio 0.34 (cat median 0.45), downside capture 114.6%, max fall -81.2%.
Consistency (20%) 0.4/10
79.6% of 3Y rolling windows positive; beat category median in 3 of 5 calendar years.
Cost Efficiency (20%) 1.7/10
Total expense ratio 2.85% vs category median 2.24% (+0.61% points).
Ranked #17 of 22 in Focused. Percentile standing measured against category cohort.

Trailing Returns Comparison

Period Fund Return Category Median Difference
1 Month +6.80% +7.77% -0.97%
3 Months -2.03% +0.86% -2.89%
6 Months +4.94% +7.95% -3.01%
1 Year +0.44% +3.65% -3.21%
3 Years CAGR +11.02% +12.71% -1.69%
5 Years CAGR +10.69% +10.23% +0.46%
7 Years CAGR +11.66% +13.92% -2.26%
10 Years CAGR +12.25% +12.75% -0.50%
Since Inception +4.26% - -

📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay

See how a regular monthly SIP in JM Focused Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.

Bank FD Benchmark
7.0% p.a. Fixed Deposit
Total Invested: ₹3,60,000
Maturity Value: ₹4,01,630
Interest Earned: +₹41,630
Actual Historical Performance
JM Focused Fund
CAGR: +11.02%
Fund Value: Calculating...
Extra Wealth Over FD: +₹0

Calendar Year Returns

Year Fund Category Median Gap
2026 +1.62% +3.13% -1.51%
2025 -1.95% +2.93% -4.88%
2024 +24.25% +17.15% +7.10%
2023 +32.89% +28.21% +4.68%
2022 +7.05% -0.40% +7.45%
2021 +16.33% +34.23% -17.90%
2020 +6.34% +16.09% -9.75%
2019 +10.62% +15.36% -4.74%
2018 -5.03% -5.29% +0.26%
2017 +43.11% +39.11% +4.00%
2016 +11.05% +5.20% +5.85%
2015 -2.39% +2.95% -5.34%
2014 +51.28% +49.92% +1.36%
2013 -0.98% +0.43% -1.41%
2012 +46.66% +46.66% 0.00%
2011 -39.92% -21.95% -17.97%
2010 -7.46% +15.20% -22.66%
2009 +59.78% +63.84% -4.06%

Daily Rolling Returns Summary

Rolling Window Minimum Average Median Maximum % Positive % Beating Proxy
1-Year Rolling -74.90% +11.90% +7.99% +139.76% 67.0% 42.9%
3-Year Rolling -27.01% +10.47% +13.71% +35.73% 79.6% 66.1%
5-Year Rolling -17.67% +10.99% +11.86% +26.96% 95.7% 33.0%

Risk Profile & Deepest Drawdowns

Sortino Ratio
0.46
Category: 0.62
R-Squared
0.873
Correlation with Proxy
Upside Capture
105.3%
Monthly return ratio
Downside Capture
114.6%
Lower is better

Deepest Market Corrections (Depth >= 10%)

Peak Date Trough Date Fall Depth Months to Bottom Recovery Period
2008-05-07 2009-03-04 -81.2% 10 months 131 months
2020-02-19 2020-03-23 -37.5% 1 months 9 months
2024-09-23 2026-03-23 -21.4% 18 months Not yet recovered

Portfolio & Asset Allocation

Statutory Asset Allocation Mandate (SEBI / SID)

Instrument Category Permitted Allocation Range
Equity and Equity related instruments* 80% - 100%, Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds^ - 0% - 20% *Subject to overall limit of 30 stocks. ^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 Objective & Strategy

The investment objective of the Scheme is to generate long-term capital appreciation/income by investing in equity and equity related instruments across market capitalization of up to 30 companies. However there can be no assurance that the investment objective of the Scheme will be realized. The Scheme does not guarantee/indicate any returns. Investors are required to read all the scheme related information set out in this document carefully.

ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.

Fund Size Position

Currently managing Rs 285 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as too small relative to Focused schemes.

Too Small Small Comfortable Stretched Strained

Fund Management

Asit Bhandarkar
Managing scheme since 2009-02-25
17.7 yrs tenure
Satish Ramanathan
Managing scheme since 2024-10-01
2.1 yrs tenure
Deepak Gupta
Managing scheme since 2025-04-11
1.6 yrs tenure
Ruchi Fozdar
Managing scheme since 2024-10-04
2.1 yrs tenure

Cost & Capital Gains Taxation

From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.

Applicable Tax Structure

Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.

Tax rules as of 23 July 2024. Verify before investing.

Closest Focused Peers by Rank

Scheme Score 3Y Return Expense Downside Fund Size Compare
Axis Focused Fund 3.8 +10.60% 1.89% 105.5% Rs 11,120 cr Compare →
Mirae Asset Focused Fund 3.3 +9.44% 2.14% 94.9% Rs 6,780 cr Compare →
UTI Focused Fund 30 stocks 4.1 +10.80% 2.22% 99.0% Rs 2,525 cr Compare →
LIC MF Focused Fund 2.2 +9.33% 3.38% 100.5% Rs 175 cr Compare →
quant Focused Fund 3.3 +12.46% 3.14% 97.6% Rs 864 cr Compare →

Frequently Asked Questions about JM Focused Fund

What is the expense ratio of JM Focused Fund?

JM Focused Fund has a total expense ratio (TER) of 2.85% with a base expense ratio of 2.1%, compared to the Focused category median of 2.24%.

Who manages JM Focused Fund?

JM Focused Fund is managed by Asit Bhandarkar (tenure: 17.7 years since 2009-02-25).

What are the historical returns of JM Focused Fund?

JM Focused Fund delivered a 3-year CAGR of 11.02% and a 5-year CAGR of 10.69%. Its 1-year return stands at +0.44%.

How large is JM Focused Fund?

JM Focused Fund manages assets of Rs 285 cr, placing it in the 'too small' size band relative to Focused peers.

How is JM Focused Fund scored on MFIQ?

JM Focused Fund holds an MFIQ Score of 2.2/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.

How risky is JM Focused Fund?

JM Focused Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 16.82% with a maximum historical drawdown of -81.16%.