JM Equity Hybrid Fund Direct Growth

Fund Overview

Fund Size

₹652 Cr

Expense Ratio

0.87%

ISIN

INF192K01BQ9

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

01 Jan 2013

About this fund

JM Equity Hybrid Fund Direct Growth is a Aggressive Allocation mutual fund schemes offered by JM Financial Mutual Fund. This fund has been in existence for 13 years and 4 months, having been launched on 01-Jan-13.
As of 30-Apr-26, it has a Net Asset Value (NAV) of ₹132.19, Assets Under Management (AUM) of 651.98 Crores, and an expense ratio of 0.87%.

JM Equity Hybrid Fund Direct Growth has given a CAGR return of 13.31% since inception.
The fund's asset allocation comprises around 73.52% in equities, 19.12% in debts, and 7.36% in cash & cash equivalents.
You can start investing in JM Equity Hybrid Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+0.64%

+3.98% (Cat Avg.)

3 Years

+18.18%

+13.89% (Cat Avg.)

5 Years

+15.59%

+12.46% (Cat Avg.)

10 Years

+13.26%

+12.24% (Cat Avg.)

Since Inception

+13.31%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2026

Equity	₹479.33 Cr	73.52%
Debt	₹124.69 Cr	19.12%
Others	₹47.96 Cr	7.36%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹25.6 Cr	3.93%
Bharti Airtel Ltd	Equity	₹24.46 Cr	3.75%
Larsen & Toubro Ltd	Equity	₹22.43 Cr	3.44%
6.48% Govt Stock 2035	Bond - Gov't/Treasury	₹20.94 Cr	3.21%
Multi Commodity Exchange of India Ltd	Equity	₹19.51 Cr	2.99%
Bajaj Finance Ltd	Equity	₹18.84 Cr	2.89%
Vedanta Ltd	Equity	₹18.33 Cr	2.81%
NTPC Ltd	Equity	₹16.68 Cr	2.56%
Reliance Industries Ltd	Equity	₹16.26 Cr	2.49%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹16 Cr	2.45%
Tech Mahindra Ltd	Equity	₹15.64 Cr	2.40%
Axis Bank Ltd	Equity	₹15.62 Cr	2.40%
One97 Communications Ltd	Equity	₹15.07 Cr	2.31%
Canara Bank	Equity	₹13.94 Cr	2.14%
Apollo Hospitals Enterprise Ltd	Equity	₹13.85 Cr	2.12%
Eternal Ltd	Equity	₹13.74 Cr	2.11%
6.01% Govt Stock 2030	Bond - Gov't/Treasury	₹13.37 Cr	2.05%
Coforge Ltd	Equity	₹12.93 Cr	1.98%
Maruti Suzuki India Ltd	Equity	₹12.92 Cr	1.98%
Waaree Energies Ltd	Equity	₹12.44 Cr	1.91%
ICICI Bank Ltd	Equity	₹12.06 Cr	1.85%
Metropolis Healthcare Ltd	Equity	₹10.64 Cr	1.63%
Kaynes Technology India Ltd	Equity	₹10.37 Cr	1.59%
Eicher Motors Ltd	Equity	₹10.11 Cr	1.55%
PG Electroplast Ltd	Equity	₹9.98 Cr	1.53%
Mahindra & Mahindra Ltd	Equity	₹9.75 Cr	1.49%
Kotak Mahindra Bank Limited	Cash - CD/Time Deposit	₹9.51 Cr	1.46%
India Cements Ltd	Equity	₹9.32 Cr	1.43%
Adani Ports & Special Economic Zone Ltd	Equity	₹9.12 Cr	1.40%
InterGlobe Aviation Ltd	Equity	₹9.07 Cr	1.39%
Jubilant Foodworks Ltd	Equity	₹8.94 Cr	1.37%
United Spirits Ltd	Equity	₹8.9 Cr	1.36%
Tata Motors Ltd	Equity	₹8.88 Cr	1.36%
6.36% Govt Stock 2031	Bond - Gov't/Treasury	₹8.86 Cr	1.36%
ICICI Prudential Asset Management Co Ltd	Equity	₹8.43 Cr	1.29%
ICICI Prudential Life Insurance Co Ltd	Equity	₹7.98 Cr	1.22%
Canara Bank	Cash - CD/Time Deposit	₹7.57 Cr	1.16%
HDFC Bank Limited	Cash - CD/Time Deposit	₹7.49 Cr	1.15%
Bikaji Foods International Ltd	Equity	₹7.42 Cr	1.14%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹7.32 Cr	1.12%
Net Receivable/Payable	Cash	₹7.31 Cr	1.12%
Polycab India Ltd	Equity	₹6.84 Cr	1.05%
Ccil	Cash - Repurchase Agreement	₹6.41 Cr	0.98%
Bharat Forge Ltd	Equity	₹5.36 Cr	0.82%
Leela Palaces Hotels and Resorts Ltd	Equity	₹5.05 Cr	0.77%
Five-Star Business Finance Ltd	Equity	₹5.04 Cr	0.77%
Muthoot Finance Limited	Bond - Corporate Bond	₹5.03 Cr	0.77%
360 One Prime Limited	Bond - Corporate Bond	₹5.02 Cr	0.77%
HDFC Bank Limited	Bond - Corporate Bond	₹5.01 Cr	0.77%
Muthoot Finance Limited	Bond - Corporate Bond	₹5 Cr	0.77%
Rec Limited	Bond - Corporate Bond	₹5 Cr	0.77%
Piramal Finance Limited	Bond - Corporate Bond	₹4.99 Cr	0.76%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹4.94 Cr	0.76%
6.33% Govt Stock 2035	Bond - Gov't/Treasury	₹4.8 Cr	0.74%
6.68% Govt Stock 2040	Bond - Gov't/Treasury	₹4.67 Cr	0.72%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹4.52 Cr	0.69%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹4.4 Cr	0.68%
Cohance Lifesciences Ltd	Equity	₹4.23 Cr	0.65%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹3.99 Cr	0.61%
Bajaj Financial Securities Limited	Cash - Commercial Paper	₹3.94 Cr	0.60%
7.24% Govt Stock 2055	Bond - Gov't/Treasury	₹3.77 Cr	0.58%
Punjab National Bank	Cash - CD/Time Deposit	₹3.75 Cr	0.57%
Power Finance Corporation Limited	Bond - Corporate Bond	₹2.52 Cr	0.39%
Rec Limited	Bond - Corporate Bond	₹2.5 Cr	0.38%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹2.5 Cr	0.38%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹2.5 Cr	0.38%
Rec Limited	Bond - Corporate Bond	₹2 Cr	0.31%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹1.98 Cr	0.30%
Canara Bank	Cash - CD/Time Deposit	₹1.97 Cr	0.30%
Ntpc Limited	Bond - Corporate Bond	₹1.91 Cr	0.29%
6.75% Govt Stock 2029	Bond - Gov't/Treasury	₹1 Cr	0.15%
Muthoot Finance Limited	Bond - Corporate Bond	₹1 Cr	0.15%
Bajaj Finance Limited	Bond - Corporate Bond	₹1 Cr	0.15%
Canara Bank	Bond - Gov't Agency Debt	₹0.97 Cr	0.15%
Rec Limited	Bond - Corporate Bond	₹0.5 Cr	0.08%
Anirit Ventures Ltd	Equity	₹0.25 Cr	0.04%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹143.03 Cr	21.94%
Technology	₹76.43 Cr	11.72%
Consumer Cyclical	₹74.75 Cr	11.47%
Industrials	₹54.79 Cr	8.40%
Healthcare	₹28.71 Cr	4.40%
Basic Materials	₹27.65 Cr	4.24%
Communication Services	₹24.46 Cr	3.75%
Utilities	₹16.68 Cr	2.56%
Consumer Defensive	₹16.32 Cr	2.50%
Energy	₹16.26 Cr	2.49%
Real Estate	₹0.25 Cr	0.04%

Risk & Performance Ratios

Fund Managers

Satish Ramanathan

Since October 2024

Asit Bhandarkar

Since December 2021

Ruchi Fozdar

Since October 2024

Deepak Gupta

Since April 2025

Additional Scheme Detailsas of 31st March 2026

ISIN

INF192K01BQ9

Expense Ratio

0.87%

Exit Load

1.00%

Fund Size

₹652 Cr

Age

13 years 4 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Hybrid 35+65 - Agg TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Aggressive Allocation Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HSBC Aggressive Hybrid Fund Direct Growth Very High Risk	0.8%	1.0%	₹5005.34 Cr	10.7%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.4%	1.0%	₹470.35 Cr	4.5%
HDFC Hybrid Equity Fund Direct Growth Very High Risk	1.1%	1.0%	₹21286.37 Cr	-2.3%
HDFC Hybrid Equity Fund Regular Growth Very High Risk	1.7%	1.0%	₹21286.37 Cr	-3.0%
SBI Equity Hybrid Fund Direct Growth Very High Risk	0.7%	1.0%	₹76291.80 Cr	7.2%
Sundaram Aggressive Hybrid Fund Direct Growth High Risk	0.7%	1.0%	₹7653.49 Cr	1.0%
Nippon India Equity Hybrid Fund Direct Growth Very High Risk	1.0%	1.0%	₹3700.53 Cr	4.6%
JM Equity Hybrid Fund Direct Growth Very High Risk	0.9%	1.0%	₹651.98 Cr	0.6%
HSBC Aggressive Hybrid Fund Regular Growth Very High Risk	1.9%	1.0%	₹5005.34 Cr	9.5%
Union Hybrid Equity Fund Regular Growth Very High Risk	2.4%	1.0%	₹652.00 Cr	3.4%
Union Hybrid Equity Fund Direct Growth Very High Risk	1.3%	1.0%	₹652.00 Cr	4.7%
Bank of India Mid & Small Cap Equity & Debt Direct Growth Very High Risk	0.7%	1.0%	₹1281.95 Cr	15.2%
Bank of India Mid & Small Cap Equity & Debt Regular Growth Very High Risk	2.0%	1.0%	₹1281.95 Cr	13.6%
Mirae Asset Hybrid Equity Fund Regular Growth Very High Risk	1.7%	1.0%	₹8681.98 Cr	6.1%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8681.98 Cr	7.5%
Kotak Equity Hybrid Fund Regular Growth Very High Risk	1.7%	1.0%	₹7811.59 Cr	7.8%
Kotak Equity Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹7811.59 Cr	9.2%
Invesco India Equity & Bond Fund Regular Growth High Risk	2.3%	1.0%	₹712.91 Cr	-4.1%
Invesco India Equity & Bond Fund Direct Growth High Risk	0.7%	1.0%	₹712.91 Cr	-2.6%
Axis Equity Hybrid Fund Regular Growth High Risk	2.2%	1.0%	₹1376.69 Cr	1.6%
Axis Equity Hybrid Fund Direct Growth High Risk	1.1%	1.0%	₹1376.69 Cr	2.8%
Navi Equity Hybrid Fund Direct Growth Very High Risk	0.5%	0.0%	₹100.91 Cr	8.7%
Navi Equity Hybrid Fund Regular Growth Very High Risk	2.2%	0.0%	₹100.91 Cr	6.8%
UTI Hybrid Equity Fund Direct Growth Very High Risk	1.2%	1.0%	₹6115.27 Cr	2.6%
Aditya Birla Sun Life Equity Hybrid '95 Fund Direct Growth Very High Risk	1.1%	1.0%	₹6592.18 Cr	2.9%
ICICI Prudential Equity & Debt Fund Direct Growth Very High Risk	0.9%	1.0%	₹46700.42 Cr	5.7%
Canara Robeco Equity Hybrid Fund Direct Growth Very High Risk	0.6%	1.0%	₹10254.12 Cr	4.8%
Tata Hybrid Equity Fund Direct Growth Very High Risk	1.0%	0.0%	₹3608.23 Cr	1.8%
Baroda BNP Paribas Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹1145.57 Cr	5.1%
Baroda BNP Paribas Aggressive Hybrid Fund Regular Growth Very High Risk	2.1%	1.0%	₹1145.57 Cr	3.4%
DSP Equity & Bond Fund Direct Growth High Risk	0.7%	1.0%	₹10882.63 Cr	-1.2%
PGIM India Hybrid Equity Fund Direct Growth High Risk	0.8%	0.0%	₹189.91 Cr	1.8%
Edelweiss Aggressive Hybrid Fund Direct Growth Very High Risk	0.4%	1.0%	₹3308.90 Cr	5.3%
Quant Absolute Fund Direct Growth Very High Risk	0.8%	1.0%	₹1808.88 Cr	11.3%
Franklin India Equity Hybrid Fund Direct Growth Very High Risk	0.9%	1.0%	₹2163.53 Cr	0.8%
Motilal Oswal Equity Hybrid Fund Direct Growth Very High Risk	0.9%	1.0%	₹417.89 Cr	18.4%
Motilal Oswal Equity Hybrid Fund Regular Growth Very High Risk	2.4%	1.0%	₹417.89 Cr	16.6%
Aditya Birla Sun Life Equity Hybrid '95 Fund Regular Growth Very High Risk	1.9%	1.0%	₹6592.18 Cr	2.1%
LIC MF Aggressive Hybrid Fund Regular Growth Very High Risk	2.5%	1.0%	₹470.35 Cr	3.3%
Sundaram Aggressive Hybrid Fund Regular Growth High Risk	1.8%	1.0%	₹7653.49 Cr	-0.1%
JM Equity Hybrid Fund Regular Growth Very High Risk	2.4%	1.0%	₹651.98 Cr	-0.9%
Groww Aggressive Hybrid Fund Direct Growth Very High Risk	1.5%	1.0%	₹45.75 Cr	1.7%
Groww Aggressive Hybrid Fund Regular Growth Very High Risk	2.5%	1.0%	₹45.75 Cr	0.7%
ICICI Prudential Equity & Debt Fund Regular Growth Very High Risk	1.5%	1.0%	₹46700.42 Cr	5.1%
Franklin India Equity Hybrid Fund Regular Growth Very High Risk	2.1%	1.0%	₹2163.53 Cr	-0.3%
Shriram Hybrid Equity Fund Regular Growth Very High Risk	2.4%	1.0%	₹45.56 Cr	2.8%
Shriram Hybrid Equity Fund Direct Growth Very High Risk	0.8%	1.0%	₹45.56 Cr	4.5%
DSP Equity & Bond Fund Regular Growth High Risk	1.7%	1.0%	₹10882.63 Cr	-2.2%
PGIM India Hybrid Equity Fund Regular Growth High Risk	2.3%	0.0%	₹189.91 Cr	0.2%
Quant Absolute Fund Regular Growth Very High Risk	2.1%	1.0%	₹1808.88 Cr	9.9%

About the AMC

JM Financial Mutual Fund

+91 22 61987777

https://www.jmfinancialmf.com/

Total AUM

₹12,163 Cr

Address

502, 5th Floor, A - Wing, Mumbai, 400 051

Other Funds by JM Financial Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
JM Large & Mid Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹370.29 Cr	-
JM Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹52.68 Cr	5.3%
JM Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹560.03 Cr	8.6%
JM Fixed Maturity Fund Series 28 Plan B Direct Growth Moderate Risk	-	0.0%	-	-
JM Fixed Maturity Fund Series 28 Plan A Direct Growth Moderate Risk	-	0.0%	-	-
JM Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹353.15 Cr	6.1%
JM Equity Hybrid Fund Direct Growth Very High Risk	0.9%	1.0%	₹651.98 Cr	0.6%
JM Focused Fund Direct Growth Very High Risk	0.8%	1.0%	₹247.55 Cr	4.1%
JM Value Fund Direct Growth Very High Risk	1.3%	1.0%	₹721.39 Cr	1.1%
JM Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹212.33 Cr	6.3%
JM Large Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹389.62 Cr	3.3%
JM Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2566.84 Cr	6.2%
JM Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹53.69 Cr	2.4%
JM Medium to Long Duration Fund Direct Growth Moderate Risk	0.6%	0.0%	₹29.69 Cr	2.5%
JM Flexicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹4504.47 Cr	0.2%
JM Tax Gain Fund Direct Growth Very High Risk	1.0%	0.0%	₹195.75 Cr	5.9%
JM Midcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹1020.25 Cr	8.7%
JM Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹200.81 Cr	6.8%
JM Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹84.69 Cr	5.2%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of JM Equity Hybrid Fund Direct Growth?

The NAV of JM Equity Hybrid Fund Direct Growth, as of 30-Apr-2026, is ₹132.19.

What are the returns of JM Equity Hybrid Fund Direct Growth?

The fund has generated 0.64% over the last 1 year and 18.18% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of JM Equity Hybrid Fund Direct Growth?

The fund's allocation of assets is distributed as 73.52% in equities, 19.12% in bonds, and 7.36% in cash and cash equivalents.

Who manages the JM Equity Hybrid Fund Direct Growth?

The fund managers responsible for JM Equity Hybrid Fund Direct Growth are:-

Satish Ramanathan
Asit Bhandarkar
Ruchi Fozdar
Deepak Gupta

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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JM Equity Hybrid Fund Direct Growth

Fund Overview