JM Small Cap Fund Direct Growth

Fund Overview

Fund Size

₹716 Cr

Expense Ratio

0.60%

ISIN

INF192K01NH3

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

18 Jun 2024

About this fund

JM Small Cap Fund Direct Growth is a Small-Cap mutual fund schemes offered by JM Financial Mutual Fund. This fund has been in existence for 1 years, 3 months and 26 days, having been launched on 18-Jun-24.
As of 13-Oct-25, it has a Net Asset Value (NAV) of ₹10.30, Assets Under Management (AUM) of 715.50 Crores, and an expense ratio of 0.6%.

JM Small Cap Fund Direct Growth has given a CAGR return of 2.23% since inception.
The fund's asset allocation comprises around 98.07% in equities, 0.00% in debts, and 1.93% in cash & cash equivalents.
You can start investing in JM Small Cap 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

-5.95%

— (Cat Avg.)

Since Inception

+2.23%

— (Cat Avg.)

Portfolio Summaryas of 30th September 2025

Equity	₹701.67 Cr	98.07%
Others	₹13.83 Cr	1.93%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Godfrey Phillips India Ltd	Equity	₹48.11 Cr	6.60%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹29.06 Cr	3.99%
Amber Enterprises India Ltd Ordinary Shares	Equity	₹28.49 Cr	3.91%
Garware Hi-Tech Films Ltd	Equity	₹25.73 Cr	3.53%
Motilal Oswal Financial Services Ltd	Equity	₹23.11 Cr	3.17%
Jana Small Finance Bank Ltd	Equity	₹22.17 Cr	3.04%
Multi Commodity Exchange of India Ltd	Equity	₹18.79 Cr	2.58%
Restaurant Brands Asia Ltd Ordinary Shares	Equity	₹18.51 Cr	2.54%
Allied Blenders and Distillers Ltd	Equity	₹18.1 Cr	2.48%
OneSource Specialty Pharma Ltd	Equity	₹18.07 Cr	2.48%
Acutaas Chemicals Ltd	Equity	₹17.79 Cr	2.44%
ICRA Ltd	Equity	₹17.08 Cr	2.34%
Shaily Engineering Plastics Ltd	Equity	₹16.05 Cr	2.20%
TD Power Systems Ltd	Equity	₹15.92 Cr	2.18%
Firstsource Solutions Ltd	Equity	₹14.44 Cr	1.98%
Oracle Financial Services Software Ltd	Equity	₹13.44 Cr	1.84%
Net Receivable/Payable	Cash	₹13.4 Cr	1.84%
Krishna Institute of Medical Sciences Ltd	Equity	₹13.36 Cr	1.83%
Avalon Technologies Ltd	Equity	₹13.12 Cr	1.80%
Tinna Rubber & Infrastructure Ltd	Equity	₹12.73 Cr	1.75%
Neuland Laboratories Ltd	Equity	₹12.12 Cr	1.66%
Camlin Fine Sciences Ltd	Equity	₹11.79 Cr	1.62%
Venus Pipes & Tubes Ltd	Equity	₹11.77 Cr	1.62%
Kalpataru Projects International Ltd	Equity	₹11.53 Cr	1.58%
Northern Arc Capital Ltd	Equity	₹11.4 Cr	1.56%
Power Mech Projects Ltd	Equity	₹11.36 Cr	1.56%
Titagarh Rail Systems Ltd	Equity	₹11.35 Cr	1.56%
PNB Housing Finance Ltd	Equity	₹11.23 Cr	1.54%
Zuari Industries Ltd	Equity	₹10.69 Cr	1.47%
Newgen Software Technologies Ltd	Equity	₹10.24 Cr	1.40%
RailTel Corporation of India Ltd	Equity	₹9.68 Cr	1.33%
Engineers India Ltd	Equity	₹9.34 Cr	1.28%
Computer Age Management Services Ltd Ordinary Shares	Equity	₹9.02 Cr	1.24%
Suraksha Diagnostic Ltd	Equity	₹8.55 Cr	1.17%
Hi-Tech Pipes Ltd	Equity	₹8.49 Cr	1.17%
Bharat Bijlee Ltd	Equity	₹8.47 Cr	1.16%
Subros Ltd	Equity	₹8.35 Cr	1.15%
Strides Pharma Science Ltd	Equity	₹8.14 Cr	1.12%
Thangamayil Jewellery Ltd	Equity	₹8.05 Cr	1.11%
Five-Star Business Finance Ltd	Equity	₹7.9 Cr	1.08%
Ventive Hospitality Ltd	Equity	₹7.79 Cr	1.07%
Dhanuka Agritech Ltd	Equity	₹7.48 Cr	1.03%
Zensar Technologies Ltd	Equity	₹7.42 Cr	1.02%
Syrma SGS Technology Ltd	Equity	₹7.38 Cr	1.01%
Navin Fluorine International Ltd	Equity	₹7.31 Cr	1.00%
City Union Bank Ltd	Equity	₹7.27 Cr	1.00%
Carraro India Ltd	Equity	₹7.25 Cr	1.00%
PG Electroplast Ltd	Equity	₹7.13 Cr	0.98%
Patel Engineering Ltd	Equity	₹7.02 Cr	0.96%
Shyam Metalics and Energy Ltd	Equity	₹6.85 Cr	0.94%
Metropolis Healthcare Ltd	Equity	₹6.47 Cr	0.89%
Optiemus Infracom Ltd	Equity	₹6.19 Cr	0.85%
Indo Count Industries Ltd	Equity	₹5.94 Cr	0.82%
Ramco Cements Ltd	Equity	₹5.91 Cr	0.81%
Kirloskar Brothers Ltd	Equity	₹5.79 Cr	0.79%
Equitas Small Finance Bank Ltd Ordinary Shares	Equity	₹5.72 Cr	0.78%
Jyoti CNC Automation Ltd	Equity	₹5.47 Cr	0.75%
CarTrade Tech Ltd	Equity	₹5.27 Cr	0.72%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹5.06 Cr	0.69%
M & B Engineering Ltd	Equity	₹4.98 Cr	0.68%
Leela Palaces Hotels and Resorts Ltd	Equity	₹0.77 Cr	0.11%
Ccil	Cash - Repurchase Agreement	₹0.68 Cr	0.09%
Deepak Fertilisers & Petrochemicals Corp Ltd	Equity	₹0.66 Cr	0.09%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹153.72 Cr	21.09%
Basic Materials	₹132.57 Cr	18.19%
Industrials	₹101.92 Cr	13.99%
Consumer Cyclical	₹95.5 Cr	13.10%
Technology	₹88.38 Cr	12.13%
Healthcare	₹66.71 Cr	9.15%
Consumer Defensive	₹66.21 Cr	9.08%
Communication Services	₹9.68 Cr	1.33%

Risk & Performance Ratios

Fund Managers

Satish Ramanathan

Since October 2024

Asit Bhandarkar

Since June 2024

Ruchi Fozdar

Since October 2024

Deepak Gupta

Since April 2025

Additional Scheme Detailsas of 30th September 2025

ISIN

INF192K01NH3

Expense Ratio

0.60%

Exit Load

1.00%

Fund Size

₹716 Cr

Age

1 year 3 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Smallcap 250 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 Small-Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Samco Small Cap Fund Direct Growth Very High Risk	-	10.0%	-	-
Samco Small Cap Fund Regular Growth Very High Risk	-	10.0%	-	-
Groww Nifty Smallcap 250 ETF Very High Risk	-	-	-	-
Bajaj Finserv Small Cap Fund Direct Growth Very High Risk	0.4%	0.0%	₹1378.47 Cr	-
Bajaj Finserv Small Cap Fund Regular Growth Very High Risk	2.1%	0.0%	₹1378.47 Cr	-
Mirae Asset Small Cap Fund Regular Growth Very High Risk	2.0%	1.0%	₹2164.92 Cr	-
Mirae Asset Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2164.92 Cr	-
TrustMF Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1077.07 Cr	-
TrustMF Small Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1077.07 Cr	-
JM Small Cap Fund Regular Growth Very High Risk	2.3%	1.0%	₹715.50 Cr	-7.5%
JM Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹715.50 Cr	-5.9%
Motilal Oswal Nifty Smallcap 250 ETF Very High Risk	0.3%	-	₹127.98 Cr	-6.1%
Motilal Oswal Small Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹5452.13 Cr	1.3%
Motilal Oswal Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹5452.13 Cr	2.7%
Quantum Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹159.16 Cr	2.2%
Quantum Small Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹159.16 Cr	0.6%
Baroda BNP Paribas Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1244.35 Cr	-7.9%
Baroda BNP Paribas Small Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1244.35 Cr	-9.0%
Sundaram Emerging Small Cap - Series VI Regular Growth Low Risk	1.3%	0.0%	₹45.47 Cr	7.2%
Sundaram Emerging Small Cap - Series VI Direct Growth Low Risk	0.8%	0.0%	₹45.47 Cr	7.8%
Sundaram Emerging Small Cap - Series VII Regular Growth Low Risk	1.4%	0.0%	₹159.75 Cr	10.9%
Sundaram Emerging Small Cap - Series VII Direct Growth Low Risk	1.0%	0.0%	₹159.75 Cr	11.3%
Sundaram Emerging Small Cap - Series V Regular Growth Low Risk	1.3%	0.0%	₹83.88 Cr	6.9%
Sundaram Emerging Small Cap - Series V Direct Growth Low Risk	0.8%	0.0%	₹83.88 Cr	7.5%
Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct Growth Very High Risk	1.2%	0.0%	₹36.12 Cr	-3.6%
Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Regular Growth Very High Risk	1.4%	0.0%	₹36.12 Cr	-3.8%
Union Small Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1567.96 Cr	-4.1%
Union Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1567.96 Cr	-3.1%
HDFC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹36294.07 Cr	1.1%
Kotak Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹17480.17 Cr	-8.9%
ICICI Prudential Smallcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹8441.09 Cr	-3.5%
Nippon India Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹64821.04 Cr	-6.2%
Nippon India Small Cap Fund Regular Growth Very High Risk	1.4%	1.0%	₹64821.04 Cr	-6.9%
Invesco India Smallcap Fund Direct Growth Very High Risk	0.4%	1.0%	₹8055.38 Cr	0.5%
Invesco India Smallcap Fund Regular Growth Very High Risk	1.7%	1.0%	₹8055.38 Cr	-0.9%
ICICI Prudential Smallcap Fund Regular Growth Very High Risk	1.8%	1.0%	₹8441.09 Cr	-4.5%
ITI Small Cap Fund Regular Growth Very High Risk	1.9%	0.0%	₹2622.42 Cr	-2.4%
ITI Small Cap Fund Direct Growth Very High Risk	0.2%	0.0%	₹2622.42 Cr	-0.9%
Mahindra Manulife Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4065.07 Cr	-7.3%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4065.07 Cr	-6.0%
Canara Robeco Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹12857.72 Cr	-6.8%
Canara Robeco Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹12857.72 Cr	-5.7%
Aditya Birla Sun Life Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4881.59 Cr	-7.8%
DSP Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹16627.51 Cr	-4.9%
UTI Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4669.44 Cr	-3.3%
UTI Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4669.44 Cr	-2.1%
Tata Small Cap Fund Regular Growth Very High Risk	1.7%	0.0%	₹11637.30 Cr	-10.7%
Aditya Birla Sun Life Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹4881.59 Cr	-6.9%
Tata Small Cap Fund Direct Growth Very High Risk	0.3%	0.0%	₹11637.30 Cr	-9.5%
Sundaram Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹3340.55 Cr	-2.3%

About the AMC

JM Financial Mutual Fund

+91 22 61987777

https://www.jmfinancialmf.com/

Total AUM

₹14,121 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	0.6%	1.0%	₹313.45 Cr	-
JM Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹129.26 Cr	6.0%
JM Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹715.50 Cr	-5.9%
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%	₹365.34 Cr	6.7%
JM Equity Hybrid Fund Direct Growth Very High Risk	0.7%	1.0%	₹804.37 Cr	-2.7%
JM Focused Fund Direct Growth Very High Risk	0.7%	1.0%	₹283.01 Cr	-1.0%
JM Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹1019.22 Cr	-7.7%
JM Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹224.27 Cr	8.0%
JM Large Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹489.62 Cr	-2.7%
JM Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1945.12 Cr	6.8%
JM Dynamic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹62.00 Cr	8.0%
JM Medium to Long Duration Fund Direct Growth Moderate Risk	0.6%	0.0%	₹31.14 Cr	7.6%
JM Flexicap Fund Direct Growth Very High Risk	0.6%	1.0%	₹5943.06 Cr	-6.5%
JM Tax Gain Fund Direct Growth Very High Risk	1.1%	0.0%	₹209.67 Cr	-2.2%
JM Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1415.98 Cr	-0.8%
JM Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹200.81 Cr	6.8%
JM Short Duration Fund Direct Growth Moderate Risk	0.4%	0.0%	₹98.16 Cr	8.4%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of JM Small Cap Fund Direct Growth?

The NAV of JM Small Cap Fund Direct Growth, as of 13-Oct-2025, is ₹10.30.

What is the portfolio composition of JM Small Cap Fund Direct Growth?

The fund's allocation of assets is distributed as 98.07% in equities, 0.00% in bonds, and 1.93% in cash and cash equivalents.

Who manages the JM Small Cap Fund Direct Growth?

The fund managers responsible for JM Small Cap 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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Fund Overview

Fund Size

₹716 Cr

Expense Ratio

0.60%

ISIN

INF192K01NH3

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

18 Jun 2024

Risk Level

Your principal amount will be at Very High Risk