JM Flexi Cap Fund - Direct - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Flexi Cap Fund

Fund House : JM Financial Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 86.2763 0.55%
(as on 27th December, 2023)

Crisil Rank

Very good performance among peers

Fund Size

: ₹ 862.36 Cr

(0.28% of Investment in Category)

Expense Ratio

: 0.87%

(0.81% Category average)

Risk-O-Meter

Very High

Flexi Cap Fund :Flexi Cap Fund : The fund has 98.39% investment in domestic equities of which 39.46% is in Large Cap stocks, 15.67% is in Mid Cap stocks, 18.87% in Small Cap stocks.

Suitable For : Investors who are looking to invest money for at least 3-4 years and looking for high returns. At the same time, these investors should also be ready for possibility of moderate losses in their investments.

1M
3M
6M
1Y
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ALL

This Scheme

VS

Benchmark
S&P BSE 500

9.31%

11%

18.87%

24.26%

14.2%

16.2%

8.59%
NA
8.13%

11.15%

20.11%

29.11%

15.29%

18.01%

18.24%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Returns (NAV as on 27th December, 2023)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	20-Dec-23	10300.60	3.01%	-	2.40%	4/38
1 Month	24-Nov-23	10887.20	8.87%	-	8.13%	11/38
3 Month	27-Sep-23	11349.70	13.50%	-	11.15%	8/37
6 Month	27-Jun-23	12682.30	26.82%	-	20.11%	2/35
YTD	30-Dec-22	14044.20	40.44%	-	28.88%	1/32
1 Year	27-Dec-22	14054.40	40.54%	40.54%	29.11%	1/32
2 Year	27-Dec-21	15566.60	55.67%	24.77%	15.29%	2/27
3 Year	24-Dec-20	20781.90	107.82%	27.53%	20.80%	4/24
5 Year	27-Dec-18	27222.20	172.22%	22.16%	18.01%	3/23
10 Year	27-Dec-13	63312.30	533.12%	20.26%	17.24%	2/16
Since Inception	02-Jan-13	62169.90	521.70%	18.09%	18.24%	12/36

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 27th December, 2023)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	27-Dec-22	12000	15565.41	29.71 %	59.06 %
2 Year	27-Dec-21	24000	34112.74	42.14 %	37.89 %
3 Year	24-Dec-20	36000	55372.31	53.81 %	30.04 %
5 Year	27-Dec-18	60000	116915.23	94.86 %	27.03 %
10 Year	27-Dec-13	120000	341595.57	184.66 %	19.84 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.|If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Portfolio (Updated on 30th Nov,2023)

Portfolio Turnover Ratio : 108.93% | Category average turnover ratio is 312.18%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 98.39% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.39%

No of Stocks : 51 (Category Avg - 56.63) | Large Cap Investments : 39.46%| Mid Cap Investments : 15.67% | Small Cap Investments : 18.87% | Other : 24.39%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Private sector bank	424.3	4.92%	-0.71%	5.63% (Oct 2023)	2.51% (Aug 2023)	4.54 L	12.50 k
Larsen & Toubro Ltd.	Civil construction	341.2	3.96%	-0.52%	5.88% (Jul 2023)	3.39% (Dec 2022)	1.10 L	0.00
State Bank Of India	Public sector bank	339.3	3.93%	-0.05%	3.98% (Oct 2023)	1.36% (Aug 2023)	6.01 L	95.00 k
# HDFC Bank Ltd.	Private sector bank	335.1	3.89%	3.89%	8.19% (Dec 2022)	0% (Dec 2022)	2.15 L	2.15 L
Infosys Ltd.	Computers - software & consulting	318.3	3.69%	-0.48%	4.35% (Sep 2023)	2.97% (Apr 2023)	2.19 L	0.00
Bank Of Baroda	Public sector bank	298	3.46%	0.85%	3.55% (Apr 2023)	1.58% (Aug 2023)	15.12 L	5.60 L
Ultratech Cement Ltd.	Cement & cement products	288.6	3.35%	-0.41%	4.82% (Feb 2023)	2.75% (Aug 2023)	32.05 k	0.00
ITC Limited	Diversified fmcg	249.1	2.89%	-1.87%	4.75% (Oct 2023)	0% (Dec 2022)	5.72 L	-2.25 L
Rural Electrification Corporation Limited	Financial institution	243.4	2.82%	0.03%	5.51% (Jul 2023)	2.12% (Dec 2022)	6.98 L	0.00
Tata Motors Ltd. - A Class	Passenger cars & utility vehicles	237.9	2.76%	-0.16%	3.06% (Sep 2023)	0% (Dec 2022)	4.98 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	2.94%
Net Receivables	Net Receivables	-1.33%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th November, 2023)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

15.05vs14.24

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

1vs0.94

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

1.15vs0.82

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.17vs0.12

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

6.04vs0.18

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Bank of India Flexi Cap Fund - Direct Plan - Growth	4	491.54	9.48	16.05	31.64	40.16	28.40
Parag Parikh Flexi Cap Fund - Direct Plan - Growth	NA	48293.88	5.25	11.26	18.65	36.78	24.06
Invesco India Flexi Cap Fund - Direct Plan - Growth	NA	1223.01	8.64	14.40	23.80	35.27	0.00
Nippon India Flexi Cap Fund - Direct Plan - Growth	NA	5260.05	8.28	12.02	24.26	34.33	0.00
WhiteOak Capital Flexi Cap Fund - Direct Plan - Growth	NA	2655.31	7.65	11.27	21.49	33.49	0.00
Motilal Oswal Flexi Cap Fund - Direct Plan - Growth	2	8593.35	7.90	13.54	24.31	32.72	15.39
Mahindra Manulife Flexi Cap Fund - Direct Plan - Growth	NA	1081.00	8.62	9.81	19.45	32.53	0.00
HSBC Flexi Cap Fund - Direct Plan - Growth	4	3735.90	7.97	10.36	21.25	32.22	20.53
DSP Flexi Cap Fund - Direct Plan - Growth	3	9462.50	7.99	9.40	19.57	32.19	20.05
HDFC Flexi Cap Fund - Direct Plan - Growth	5	42270.54	9.70	12.90	21.85	31.23	29.32

Detailed Comparison

More Funds from JM Financial Mutual Fund

Out of 14 mutual fund schemes offered by this AMC, 4 is/are ranked 5 * , 3 is/are ranked 4 * , 2 is/are ranked 3 * , 1 is/are ranked 1 * , and 4 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
JM Liquid Fund - (Direct) - Growth	4	1690.33	0.57	1.75	3.50	7.06	5.10
JM Flexi Cap Fund - Direct - Growth	5	862.36	8.87	13.50	26.82	40.54	27.53
JM Midcap Fund - Direct Plan - Growth	NA	632.11	6.13	9.79	28.43	48.91	0.00
JM Value Fund - (Direct) - Growth	5	339.52	8.44	14.01	30.83	48.41	29.77
JM Low Duration Fund - (Direct) - Growth	3	180.54	0.63	1.64	3.37	7.05	5.01
JM Overnight Fund - Direct Plan - Growth	NA	142.16	0.55	1.67	3.34	6.66	4.83
JM Arbitrage Fund - (Direct) - Growth	1	121.70	0.47	1.79	3.73	7.40	5.05
JM Short Duration Fund - Direct Plan - Growth	NA	115.36	0.86	1.66	3.10	6.95	0.00
JM Aggressive Hybrid Fund - (Direct) - Growth	3	110.45	6.40	11.54	25.17	35.36	22.86
JM ELSS Tax Saver Fund - Direct Plan - Growth	4	100.06	7.53	10.32	19.13	32.45	22.10