Bank of India Large Cap Fund vs JM Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Large Cap Fund is a Large Cap fund and JM Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, Bank of India Large Cap Fund (Direct) returned 11.8% a year and JM Value Fund (Direct) returned 9.8% a year. Bank of India Large Cap Fund charges 1.29% a year and JM Value Fund 1.59% (Direct plans). Their portfolios overlap 25.0%: they hold 16 of the same securities.
Bank of India Large Cap Fund
Large Cap
- 3 year return
- 11.8%
- Expense ratio
- 1.29%
- NAV
- ₹17.01
Which is better, Bank of India Large Cap or JM Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JM Value returned more over 5 years: 12.3% a year against 8.6%.
- Bank of India Large Cap returned more over 3 years: 11.8% a year against 9.8%.
- Bank of India Large Cap costs less: 1.29% a year against 1.59% (Direct plans).
- Bank of India Large Cap swung less over 3 years: a standard deviation of 15.0% a year against 17.2%.
- Bank of India Large Cap fell less in its worst fall since 01-07-2021: −22.6% against −26.1%.
- Bank of India Large Cap holds more in large companies: 80.1% of the fund in large caps against 32.3%.
- JM Value is the larger fund: ₹780 Cr against ₹226 Cr.
- Their portfolios overlap 25.0%: 16 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bank of India Large Cap Fund | JM Value Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | JM Financial Mutual Fund |
| Category | Large Cap | Value and Contra |
| AUM | ₹226 Cr (30-09-2026) | ₹780 Cr (30-09-2026) |
| NAV | ₹17.01 (Direct) | ₹100.86 (Direct) |
| Expense ratio (Direct) | 1.29% | 1.59% |
| Expense ratio (Regular) | 2.74% | 2.75% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | BSE 500 TRI |
| Launch date | 29-06-2021 | 02-06-1997 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Alok Singh, amp, Nilesh Jethani | Satish Ramanathan, Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Exit load of 1%, if redeemed within 30 days. |
Bank of India Large Cap vs JM Value: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bank of India Large Cap Fund (Direct) | −2.13% | −3.79% | −2.07% | −2.80% | +11.81% | +8.56% | -- |
| JM Value Fund (Direct) | −6.48% | −5.75% | −2.96% | −9.64% | +9.77% | +12.34% | +14.15% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 35 Large Cap funds and the 30 Value and Contra funds, same plan type.
Bank of India Large Cap vs JM Value: Year-wise Returns
| Year | Bank of India Large CapBank of India Large Cap | JM ValueJM Value |
|---|---|---|
| 2026to date | −3.68% | −7.28% |
| 2025 | +7.62% | −3.20% |
| 2024 | +14.52% | +26.72% |
| 2023 | +31.11% | +48.68% |
| 2022 | −1.89% | +6.05% |
| 2021 | -- | +37.17% |
Bank of India Large Cap vs JM Value: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Bank of India Large Cap Fund
Rolling returns
Every 3-year holding period, 576 of them, one for each trading day from 01-07-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bank of India Large Cap Fund (Direct)
JM Value Fund (Direct)
Nifty 100 TRI
to
Sept 2024Jan 2022
to
Jan 2025Jun 2022
to
Jun 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Large Cap | 0.0 | 0.0 | 0.0 | 32.5 | 63.0 | 4.5 | 0.0 | 15.8% | 15.9% | 10.0% | 21.9% | 99% |
| JM Value | 0.0 | 0.0 | 0.5 | 11.3 | 16.5 | 32.3 | 39.4 | 23.0% | 23.1% | 9.2% | 33.6% | 100% |
| Nifty 100 TRI | 0.0 | 0.0 | 8.3 | 63.2 | 28.5 | 0.0 | 0.0 | 13.6% | 13.6% | 7.1% | 19.6% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 01-07-2021. Past returns do not promise future returns.
Bank of India Large Cap vs JM Value: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-07-2021 to 30-10-2026: 64 instalments, ₹6,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Large CapBank of India Large Cap Fund (Direct) | ₹6,40,000 | ₹8,14,897 | ₹1,74,897 | 9.0% |
| JM ValueJM Value Fund (Direct) | ₹6,40,000 | ₹8,37,575 | ₹1,97,575 | 10.0% |
Bank of India Large CapBank of India Large Cap Fund (Direct)
JM ValueJM Value Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Bank of India Large Cap vs JM Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Large Cap Fund (Direct) | JM Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.80% | −9.64% |
| Standard deviation | 14.23% | 17.60% |
| Sharpe ratio | -0.57 | -0.85 |
| Sortino ratio | -0.75 | -1.12 |
| Maximum drawdown | −13.0% (30-03-2026) | −18.5% (31-03-2026) |
| Beta | 0.98 | 1.15 |
| Alpha | +5.68% | +0.02% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Large Cap Fund (Direct) | JM Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.81% | +9.77% |
| Standard deviation | 15.01% | 17.15% |
| Sharpe ratio | 0.39 | 0.22 |
| Sortino ratio | 0.51 | 0.29 |
| Maximum drawdown | −20.8% (28-02-2025) | −26.1% (31-03-2026) |
| Beta | 1.05 | 1.13 |
| Alpha | +2.58% | −0.61% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Large Cap Fund (Direct) | JM Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.56% | +12.34% |
| Standard deviation | 14.67% | 16.35% |
| Sharpe ratio | 0.19 | 0.40 |
| Sortino ratio | 0.25 | 0.53 |
| Maximum drawdown | −21.1% (17-06-2022) | −26.1% (31-03-2026) |
| Beta | 1.01 | 1.07 |
| Alpha | +1.33% | +3.49% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Large Cap Fund (Direct) | JM Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.50% | +14.98% |
| Standard deviation | 14.41% | 18.46% |
| Sharpe ratio | 0.34 | 0.48 |
| Sortino ratio | 0.45 | 0.66 |
| Maximum drawdown | −22.6% (17-06-2022) | −37.9% (23-03-2020) |
| Beta | 1.00 | 1.11 |
| Alpha | +1.31% | +1.44% |
From daily NAVs, 01-07-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bank of India Large Cap Fund (Direct)
JM Value Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Large Cap Fund (Direct) | −22.6% | 18-10-2021 | 17-06-2022 | 06-07-2023 | 13 months | −6.5% |
| JM Value Fund (Direct) | −26.1% | 05-09-2024 | 31-03-2026 | Not yet | -- | −18.1% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 01-07-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Large Cap Fund (Direct)
JM Value Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Large Cap Fund (Direct)
JM Value Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Large Cap Fund (Direct)
JM Value Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bank of India Large Cap Fund (Direct) | 103% | 98% | 4.76% |
| JM Value Fund (Direct) | 110% | 87% | 9.69% |
From month-end values since 01-07-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Bank of India Large Cap vs JM Value: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Large Cap Fund, September 2026; JM Value Fund, September 2026
Holdings in common
- Overlap
- 25.0%
- Held by both
- 16
- Only in Bank of India Large Cap
- 42
- Only in JM Value
- 58
| Security | % of Bank of India Large Cap | % of JM Value |
|---|---|---|
| ICICI Bank Limited | 5.79% | 3.78% |
| Larsen & Toubro Limited | 3.46% | 3.38% |
| Shriram Finance Limited | 2.82% | 3.40% |
| Tech Mahindra Limited | 3.04% | 2.52% |
| HDFC Bank Limited | 7.19% | 1.82% |
| Bharti Airtel Limited | 1.71% | 2.70% |
| Tata Motors Ltd | 1.63% | 2.55% |
| Bajaj Auto Limited | 1.71% | 1.41% |
| CreditAccess Grameen Limited | 1.39% | 1.63% |
| Axis Bank Limited | 1.99% | 1.26% |
| Hindustan Aeronautics Limited | 1.71% | 1.02% |
| Power Grid Corporation of India Limited | 1.31% | 0.90% |
| TD Power Systems Limited | 1.15% | 0.48% |
| Optiemus Infracom Ltd | 0.46% | 1.58% |
| Canara Bank | 0.92% | 0.28% |
| Onemi Technology Solutions Limited | 1.21% | 0.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.0% means 25.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bank of India Large Cap Fund
| Security | % of fund |
|---|---|
| State Bank of India | 4.60% |
| Adani Ports and Special Economic Zone Limited | 4.55% |
| ICICI Prudential Asset Management Company Limited | 3.52% |
| Reliance Industries Limited | 3.20% |
| Quality Power Electrical Eqp Ltd | 2.84% |
Largest holdings only in JM Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 4.70% |
| Jana Small Finance Bank Ltd | 2.55% |
| Infosys Limited | 2.43% |
| JK TYRE & INDUSTRIES LTD | 2.26% |
| Restaurant Brands Asia Limited | 2.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Large Cap | JM Value |
|---|---|---|
| Equity | 97.3% | 98.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.7% | 1.2% |
Market cap of stocks
| Market cap | Bank of India Large Cap | JM Value |
|---|---|---|
| Large Cap | 80.1% | 32.3% |
| Mid Cap | 2.5% | 7.0% |
| Small Cap | 11.4% | 55.7% |
| Not on AMFI's list | 3.2% | 3.8% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bank of India Large Cap | JM Value |
|---|---|---|
| Banks | 22.8% | 11.3% |
| Finance | 5.4% | 10.8% |
| Auto Components | 2.8% | 7.9% |
| Capital Markets | 7.3% | 2.9% |
| Consumer Durables | 5.8% | 2.5% |
| Construction | 4.1% | 5.6% |
| Electrical Equipment | 4.0% | 5.2% |
| IT - Software | 3.4% | 4.9% |
| Transport Infrastructure | 4.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Large Cap vs JM Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Large Cap Fund | JM Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.29% | 1.59% |
| Base expense ratio (Direct) | 0.87% | 1.04% |
| Total expense ratio (Regular) | 2.74% | 2.75% |
| Base expense ratio (Regular) | 2.10% | 2.04% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Bank of India Large Cap with
Bank of India Large Cap Fund vs JM Value Fund: Frequently Asked Questions
What is the difference between Bank of India Large Cap Fund and JM Value Fund?
Bank of India Large Cap Fund is a Large Cap fund, JM Value Fund is a Value and Contra fund, run by Bank of India Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 25.0%. Bank of India Large Cap Fund charges 1.29% a year and JM Value Fund 1.59%.
Which has given higher returns, Bank of India Large Cap Fund or JM Value Fund?
Over 1 year: Bank of India Large Cap Fund −2.80%, JM Value Fund −9.64%. Over 3 years: Bank of India Large Cap Fund +11.81% a year, JM Value Fund +9.77% a year. Over 5 years: Bank of India Large Cap Fund +8.56% a year, JM Value Fund +12.34% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Large Cap Fund or JM Value Fund?
Bank of India Large Cap Fund charges less: 1.29% a year against 1.59%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Large Cap Fund and JM Value Fund overlap?
25.0%. They hold 16 of the same securities, the largest shared ones being ICICIBANK, LT, SHRIRAMFIN. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Large Cap Fund or JM Value Fund?
On SEBI's riskometer, Bank of India Large Cap Fund is rated Very High and JM Value Fund Very High. Over 3 years, the standard deviation of daily returns was 15.01% and 17.15% a year.
Which is better for SIP, Bank of India Large Cap Fund or JM Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,65,876 in Bank of India Large Cap Fund (XIRR 8.9% a year) and ₹7,78,992 in JM Value Fund (XIRR 9.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bank of India Large Cap Fund and JM Value Fund?
Yes. 25.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Large Cap Fund and JM Value Fund?
Bank of India Large Cap Fund: Alok Singh, amp, Nilesh Jethani. JM Value Fund: Satish Ramanathan, Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.