JM Mid Cap Fund (Regular) - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 68% of historical 3-year rolling periods.
- Generated +1.9% annualized alpha (excess return) over its benchmark.
- Expense ratio (2.43%) is higher than category median (2.11%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +3.35% | +4.07% | -0.72% |
| 3 Months | -2.41% | -1.98% | -0.43% |
| 6 Months | +5.20% | +3.41% | +1.79% |
| 1 Year | +8.24% | +3.63% | +4.61% |
| 3 Years CAGR | +16.63% | +15.02% | +1.61% |
| Since Inception | +20.34% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in JM Mid Cap Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +10.00% | +5.43% | +4.57% |
| 2025 | -2.70% | +1.71% | -4.41% |
| 2024 | +35.34% | +29.27% | +6.07% |
| 2023 | +44.54% | +37.88% | +6.66% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -7.90% | +23.26% | +9.82% | +72.69% | 81.9% | 58.3% |
| 3-Year Rolling | +14.21% | +20.94% | +21.80% | +25.80% | 100.0% | 68.1% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-09-24 | 2025-02-28 | -23.1% | 5 months | 16 months |
| 2026-08-31 | 2026-10-23 | -13.4% | 2 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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 universe of “Mid Cap” shall comprise companies as defined by SEBI from time to time. • In terms of para 3.9 of SEBI Master Circular no. HO/24/13/11(1)2026- IMD-POD-1/I/7602/2026 dated March 20, 2026, the universe of “MidCap” shall consist of 101st to 250th company in terms of full market capitalization and that the Scheme will be required to adhere the following: - The list of stocks of Mid Cap companies prepared by AMFI in this regard will be adopted. - The said list would be uploaded on the AMFI website and would be updated every six months based on the data as on the end of June and December of each year or periodically as specified by SEBI. - Subsequent to any updation in the said list as uploaded by AMFI, the portfolio of the Scheme will be rebalanced within a period of one month. |
Investment Objective & Strategy
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
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 1,323 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as small relative to Mid Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
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.
Closest Mid Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| BANDHAN MID CAP FUND | 5.7 | +16.26% | 2.11% | 92.1% | Rs 2,678 cr | Compare → |
| ITI Mid Cap Fund | 4.8 | +16.28% | 2.38% | 94.7% | Rs 1,480 cr | Compare → |
| Sundaram Mid Cap Fund | 5.7 | +16.06% | 1.86% | 89.3% | Rs 14,409 cr | Compare → |
| Canara Robeco Mid Cap Fund | 5.5 | +15.02% | 2.13% | 86.0% | Rs 5,186 cr | Compare → |
| Axis Midcap Fund | 6.2 | +15.76% | 1.77% | 76.1% | Rs 34,908 cr | Compare → |
Frequently Asked Questions about JM Mid Cap Fund
What is the expense ratio of JM Mid Cap Fund?
JM Mid Cap Fund has a total expense ratio (TER) of 2.43% with a base expense ratio of 1.84%, compared to the Mid Cap category median of 2.11%.
Who manages JM Mid Cap Fund?
JM Mid Cap Fund is managed by Satish Ramanathan (tenure: 4.0 years since 2022-11-21).
What are the historical returns of JM Mid Cap Fund?
JM Mid Cap Fund delivered a 3-year CAGR of 16.63%. Its 1-year return stands at +8.24%.
How large is JM Mid Cap Fund?
JM Mid Cap Fund manages assets of Rs 1,323 cr, placing it in the 'small' size band relative to Mid Cap peers.
How is JM Mid Cap Fund scored on MFIQ?
JM Mid Cap Fund holds an MFIQ Score of 5.2/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is JM Mid Cap Fund?
JM Mid Cap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 18.15% with a maximum historical drawdown of -23.08%.