JM Small Cap Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

JM Financial Mutual Fund · Equity fund · Direct plan · Growth

Small CapDirect · GrowthRisk: Very High

NAV · 6 Nov 2026

₹11.4670 ▼ 1.34%

JM Financial Mutual Fund

Fund size₹900 crJuly - September 2026

1-month range₹10.76 – 11.96

1 year+9.94%rank 11 of 26

Expense ratio1.00%direct plan, a year

5 years–a year

What the fund does

The primary objective of the Scheme is 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 Scheme does not guarantee/indicate any returns.

BenchmarkNifty Smallcap 250 TRI (Total Return Index)

Launched18 Jun 2024

Fund houseJM Financial Mutual Fund

Fund managersAsit Bhandarkarsince 18 Jun 2024Satish Ramanathansince 1 Oct 2024Deepak Guptasince 11 Apr 2025Ruchi Fozdarsince 4 Oct 2024

NAV history

Returns

1 week

+3.84%avg 3.7%

1 month

-3.99%avg -2.4%

3 months

-3.63%avg -2.8%

6 months

+5.98%avg 4.2%

This year

+15.45%avg 10.8%

1 year

+9.94%avg 8.3% · #11/26

Bars: this plan; the thin mark is the Small Cap average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												+1.0
2025	-11.0	-11.5	+7.6	+3.9	+6.6	+4.2	-3.3	-2.7	+2.5	+4.3	-1.5	-4.3
2026	-6.7	+2.7	-11.0	+18.9	+7.1	+7.6	+0.1	+4.5	-2.3	-6.8	+3.8

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held8890 lines in all

Top 10 stocks26.0%of the fund

Equity97.3%stocks and equity derivatives

Debt & cash2.7%everything else

Where the money is

Equity 97.3%Cash & others 2.7%

Sectors (stocks held)

Industrial Products

14.5%

Auto Components

9.3%

Finance

7.7%

Consumer Durables

7.3%

Pharmaceuticals & Biotechnology

6.9%

Electrical Equipment

6.8%

Banks

5.1%

Chemicals & Petrochemicals

4.9%

Changes since 31 Aug 2026

Share of fund	30 Sept 2026	31 Aug 2026	Change
Stocks held	97.3%	98.4%	-1.06
Debt	0.0%	1.2%	-1.20
Cash & others	2.7%	0.4%	+2.26
Top 10 stocks	26.0%	27.8%	-1.78
Number of stocks	88	83	+5

New stocks 9

Hero Motors Limited0.96%
Raymond Limited0.77%
EPL Limited0.61%
BLACK BOX LIMITED0.58%
Wheels India Limited0.56%
Varmora Granito Limited0.49%
Borosil Renewables Limited0.38%
TENNECO CLEAN AIR INDIA LIMITED0.21%
ESDS Software Solution Limited0.02%

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Stocks sold off 4

Piramal Finance Ltdwas 0.59%
The Shipping Corp of India Ltdwas 0.47%
Kalpataru Projects International Limitedwas 0.45%
GARDEN REACH SHIPBUILDERS & ENGINEER LTDwas 0.43%

Bought more 4

GRAPHITE INDIA LTD+0.89
Pine Labs Limited+0.46
SKF India Industrial Limited+0.39
VENUS PIPES & TUBES LTD+0.31

Cut back 10

Devyani International Limited-0.48
Fusion Finance Limited-0.37
Jana Small Finance Bank Ltd-0.37
Ather Energy Limited-0.37
Godfrey Phillips India Limited-0.36
Neuland Laboratories Ltd-0.33
S.J.S. Enterprises Limited-0.33
Creditaccess Grameen Limited-0.31
Gokaldas Exports Limited-0.28
GRAVITA INDIA LIMITED-0.27

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Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 88

Holding	Sector / type	% of fund
Garware Hi-Tech Films Ltd INE291A01017	Industrial Products	4.50%
Navin Fluorine International Limited INE048G01026	Chemicals & Petrochemicals	2.99%
Acutaas Chemicals Limited INE00FF01025	Pharmaceuticals & Biotechnology	2.91%
FIVE-STAR BUSINESS FINANCE LIMITED INE128S01021	Finance	2.69%
Shaily Engineering Plastics Limited INE151G01028	Consumer Durables	2.45%
Fusion Finance Limited INE139R01012	Finance	2.30%
TD Power Systems Limited INE419M01035	Electrical Equipment	2.13%
AVALON TECHNOLOGIES LIMITED INE0LCL01028	Electrical Equipment	2.07%
Jana Small Finance Bank Ltd INE953L01027	Banks	2.00%
Pine Labs Limited INE15B701018	Financial Technology (Fintech)	1.98%
Thangamayil Jewellery Limited INE085J01014	Consumer Durables	1.97%
One Source Specialty Pharma Ltd INE013P01021	Pharmaceuticals & Biotechnology	1.95%
FINEOTEX CHEMICAL LTD INE045J01034	Chemicals & Petrochemicals	1.93%
Gokaldas Exports Limited INE887G01027	Textiles & Apparels	1.87%
City Union Bank Limited INE491A01021	Banks	1.85%
BELRISE INDUSTRIES LIMITED INE894V01022	Auto Components	1.73%
Ather Energy Limited INE0LEZ01016	Automobiles	1.67%
SYRMA SGS TECHNOLOGY LIMITED INE0DYJ01015	Industrial Manufacturing	1.61%
Godfrey Phillips India Limited INE260B01028	Cigarettes & Tobacco Products	1.58%
Manorama Industries Limited INE00VM01036	Food Products	1.58%
GRAPHITE INDIA LTD INE371A01025	Industrial Products	1.46%
Amber Enterprises India Limited INE371P01015	Consumer Durables	1.41%
Creditaccess Grameen Limited INE741K01010	Finance	1.38%
INDO COUNT INDUSTRIES LIMITED INE483B01026	Textiles & Apparels	1.32%
Goodluck India Limited INE127I01024	Industrial Products	1.28%
Sansera Engineering Limited INE953O01021	Auto Components	1.25%
Restaurant Brands Asia Limited INE07T201019	Leisure Services	1.22%
Jyoti Cnc Automation Ltd INE980O01024	Industrial Manufacturing	1.21%
CarTrade Tech Limited INE290S01011	Retailing	1.16%
Marksans Pharma Limited INE750C01026	Pharmaceuticals & Biotechnology	1.15%
CEAT Limited INE482A01020	Auto Components	1.14%
Inox India Limited INE616N01034	Industrial Products	1.11%
Lumax Auto Technologies Limited INE872H01027	Auto Components	1.11%
GRAVITA INDIA LIMITED INE024L01027	Minerals & Mining	1.03%
SKF India Industrial Limited INE2J8701016	Industrial Products	1.01%
Sagility Limited INE0W2G01015	IT - Services	1.00%
ZUARI INDUSTRIES LIMITED INE217A01012	Agricultural Food & other Products	0.99%
Carraro India Ltd INE0V7W01012	Auto Components	0.98%
Shyam Metalics and Energy Ltd. INE810G01011	Industrial Products	0.96%
Yatra Online Ltd. INE0JR601024	Leisure Services	0.96%
Hero Motors Limited INE012G01022	Auto Components	0.96%
TITAGARH RAIL SYSTEMS LIMITED INE615H01020	Industrial Manufacturing	0.96%
VENUS PIPES & TUBES LTD INE0JA001018	Industrial Products	0.95%
Motilal Oswal Financial Services Limited INE338I01027	Capital Markets	0.94%
Tinna Rubber and Infrastructure Limited INE015C01016	Industrial Products	0.94%
Neuland Laboratories Ltd INE794A01010	Pharmaceuticals & Biotechnology	0.91%
Newgen Software Technologies Limited INE619B01017	IT - Software	0.90%
FIRSTSOURCE SOLUTIONS LTD INE684F01012	Commercial Services & Supplies	0.89%
POWER MECH PROJECTS LIMITED INE211R01019	Construction	0.89%
Leela Palaces Hotels & Resorts Limited INE0AQ201015	Leisure Services	0.88%
Suraksha Diagnostic Limited INE877V01027	Healthcare Services	0.87%
OPTIEMUS INFRACOM LIMITED INE350C01017	Telecom - Equipment & Accessories	0.86%
WeWork India Management Limited INE085001019	Commercial Services & Supplies	0.84%
Minda Corporation Limited INE842C01021	Auto Components	0.83%
Diamond Power Infrastructure Limited INE989C01038	Electrical Equipment	0.78%
Raymond Limited INE301A01014	Industrial Manufacturing	0.77%
Krishna Institute of Medical Science Ltd INE967H01025	Healthcare Services	0.77%
Northern Arc Capital Ltd INE850M01015	Finance	0.73%
Horizon Industrial Parks Limited INE685T01010	Realty	0.73%
The Jammu & Kashmir Bank Limited INE168A01041	Banks	0.73%
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD. INE839M01018	Electrical Equipment	0.65%
PSP Projects Limited INE488V01015	Construction	0.65%
Angel One Limited INE732I01021	Capital Markets	0.62%
Bharat Bijlee Ltd. INE464A01036	Electrical Equipment	0.61%
OnEMI Technology Solutions Limited INE12F801023	Finance	0.61%
EPL Limited INE255A01020	Industrial Products	0.61%
BLUE STAR LTD INE472A01039	Consumer Durables	0.60%
BLACK BOX LIMITED INE676A01027	IT - Services	0.58%
Gaja Alternative AMC Limited INE18UN01038	Capital Markets	0.58%
Knack Packaging Limited INE17QZ01016	Industrial Products	0.57%
Wheels India Limited INE715A01015	Auto Components	0.56%
GE Power India Limited INE878A01011	Electrical Equipment	0.55%
S.J.S. Enterprises Limited INE284S01014	Auto Components	0.53%
EQUITAS SMALL FINANCE BANK LIMITED INE063P01018	Banks	0.51%
Varmora Granito Limited INE0M5301040	Consumer Durables	0.49%
Patel Engineering Limited INE244B01030	Construction	0.48%
JSW Cement Limited INE718I01012	Cement & Cement Products	0.46%
LEAP India Limited INE00GO01025	Commercial Services & Supplies	0.46%
Hi-Tech Pipes Limited INE106T01025	Industrial Products	0.43%
Devyani International Limited INE872J01023	Leisure Services	0.42%
PG Electroplast Limited INE457L01029	Consumer Durables	0.40%
Borosil Renewables Limited INE666D01022	Industrial Products	0.38%
Metropolis Healthcare Limited INE112L01020	Healthcare Services	0.37%
Ventive Hospitality Limited INE781S01027	Leisure Services	0.34%
M&B Engineering Limited INE08N601015	Construction	0.34%
Ksb Limited INE999A01023	Industrial Products	0.26%
TENNECO CLEAN AIR INDIA LIMITED INE19RI01016	Auto Components	0.21%
ESDS Software Solution Limited INE0DRI01029	IT - Services	0.02%

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Debt, money market and cash 2

Holding	Sector / type	% of fund
The Clearing Corporation of India Ltd. 01-OCT-2026	–	1.83%
Net Receivable/Payable	–	0.84%

From the fund house's monthly portfolio (jmfinancialmf.com), as on 30 Sept 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.

Risk

Volatility21.1%yearly, from daily NAVs

Worst fall-23.83%27 Sept 2024 → 28 Feb 2025

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 28 Jun 2024).

Fund details

Fund size (average AUM, July - September 2026)	₹900 cr across all plans · this plan ₹173 cr
Fund house	JM Financial Mutual Fund
Category	Equity · Small Cap
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 1.00% · Regular 2.57% (6 Nov 2026)
Exit load	In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 180 days from the date of allotment, No Exit Load is payable if Units are redeemed / switched-out after 180 days from the date of allotment, No Entry / Exit Load shall be levied on units allotted on Reinvestment of Income Distribution cum Capital Withdrawal Option, In respect of Systematic Transactions such as SIP,STP, SWP, Exit Load, if any, prevailing on the date of registration / enrolment for SIP/STP/SWP shall be levied for all the opted Installments.
Minimum investment	₹1,000 · additional ₹100
Scheme code (AMFI)	152614
ISIN	INF192K01NH3
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · IDCW	₹11.4672	+9.93%
Regular · Growth	₹11.0228	+8.20%
Regular · IDCW	₹11.0228	+8.20%

Top Small Cap funds (direct plans)

Fund	1 year	3 years (a year)
BANDHAN Small Cap Fund	+6.80%	+22.82%
ITI Small Cap Fund	+15.98%	+22.14%
Invesco India Small Cap Fund	+15.87%	+21.72%
Mahindra Manulife Small Cap Fund	+13.28%	+18.82%
LIC MF Small Cap Fund	+14.44%	+17.29%
Quant Small Cap Fund	+9.83%	+16.97%
DSP Small Cap Fund	+13.75%	+16.57%
Union Small Cap Fund	+16.70%	+15.35%
JM Small Cap Fund	+9.94%	–

All Small Cap funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of JM Small Cap Fund - Direct Plan - Growth today?

₹11.4670 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of JM Small Cap Fund - Direct Plan - Growth?

1 year: 9.94%

How does JM Small Cap Fund rank in its category?

11 of 26 Small Cap funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.