Groww Small Cap Fund vs JM Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Small Cap Fund and JM Small Cap Fund are both Small Cap funds. Groww Small Cap Fund charges 1.06% a year and JM Small Cap Fund 1.00% (Direct plans). Their portfolios overlap 17.8%: they hold 20 of the same securities.
Which is better, Groww Small Cap or JM Small Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JM Small Cap costs less: 1.00% a year against 1.06% (Direct plans).
- Groww Small Cap fell less in its worst fall since 02-02-2026: −10.8% against −14.5%.
- Groww Small Cap is the larger fund: ₹966 Cr against ₹941 Cr.
- Their portfolios overlap 17.8%: 20 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 | Groww Small Cap Fund | JM Small Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | JM Financial Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹966 Cr (30-09-2026) | ₹941 Cr (30-09-2026) |
| NAV | ₹12.09 (Direct) | ₹11.04 (Direct) |
| Expense ratio (Direct) | 1.06% | 1.00% |
| Expense ratio (Regular) | 2.70% | 2.56% |
| Riskometer | Low to Moderate | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 29-01-2026 | 18-06-2024 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity) | Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar |
| Exit load | Exit load of 1%, if redeemed within 1 Year. | 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. |
Groww Small Cap vs JM Small Cap: 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 |
|---|---|---|---|---|---|---|---|
| Groww Small Cap Fund (Direct) | −6.67% | +0.37% | +10.28% | -- | -- | -- | -- |
| JM Small Cap Fund (Direct) | −6.82% | −4.39% | +9.64% | +4.61% | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | -- | -- | -- |
Category average: the average of the 36 Small Cap funds, same plan type.
Groww Small Cap vs JM Small Cap: Year-wise Returns
| Year | GrowwGroww Small Cap | JMJM Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | -- | +11.18% | +1.00% |
| 2025 | -- | −6.87% | −5.48% |
Groww Small Cap vs JM Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of both
Groww Small Cap vs JM Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Small Cap Fund (Direct) | JM Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +28.80% | +4.36% |
| Standard deviation | 18.04% | 20.66% |
| Sharpe ratio | 1.31 | -0.07 |
| Sortino ratio | 1.86 | -0.09 |
| Maximum drawdown | −10.8% (23-10-2026) | −24.4% (03-03-2025) |
| Beta | 0.86 | 1.06 |
| Alpha | +17.88% | +4.77% |
From daily NAVs, 02-02-2026 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.
Groww Small Cap Fund (Direct)
JM Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Small Cap Fund (Direct) | −10.8% | 23-09-2026 | 23-10-2026 | Not yet | -- | −8.6% |
| JM Small Cap Fund (Direct) | −14.5% | 10-02-2026 | 23-03-2026 | 23-04-2026 | 31 days | −9.6% |
| Nifty Smallcap 250 TRI | −13.0% | 11-02-2026 | 23-03-2026 | 17-04-2026 | 25 days | −9.4% |
From daily values since 02-02-2026, the first day every fund has.
Groww Small Cap vs JM Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Small Cap Fund, September 2026; JM Small Cap Fund, September 2026
Holdings in common
- Overlap
- 17.8%
- Held by both
- 20
- Only in Groww Small Cap
- 47
- Only in JM Small Cap
- 68
| Security | % of Groww Small Cap | % of JM Small Cap |
|---|---|---|
| TD Power Systems Limited | 3.55% | 2.13% |
| Ather Energy Limited | 2.30% | 1.68% |
| City Union Bank Limited | 1.44% | 1.84% |
| Navin Fluorine International Limited | 1.38% | 2.99% |
| CEAT Limited | 1.45% | 1.14% |
| Creditaccess Grameen Limited | 1.13% | 1.38% |
| Sagility Limited | 1.63% | 1.00% |
| Shyam Metalics and Energy Ltd. | 1.19% | 0.96% |
| VENUS PIPES & TUBES LTD | 1.49% | 0.95% |
| CarTrade Tech Limited | 0.94% | 1.16% |
| SKF India Industrial Limited | 0.79% | 1.01% |
| Krishna Institute of Medical Science Ltd | 0.88% | 0.77% |
| OnEMI Technology Solutions Limited | 2.75% | 0.61% |
| S.J.S. Enterprises Limited | 0.57% | 0.53% |
| Angel One Limited | 0.52% | 0.62% |
| EPL Limited | 0.51% | 0.61% |
| LEAP India Limited | 0.87% | 0.46% |
| The Jammu & Kashmir Bank Limited | 0.42% | 0.73% |
| Gaja Alternative AMC Limited | 0.22% | 0.58% |
| TENNECO CLEAN AIR INDIA LIMITED | 2.83% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.8% means 17.8% 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 Groww Small Cap Fund
| Security | % of fund |
|---|---|
| Manipal Payment Identity Solutions Ltd | 3.50% |
| Ujjivan Small Finance Bank Limited | 2.89% |
| Kanohar Electricals Limited | 2.35% |
| Escorts Kubota Limited | 2.29% |
| Indegene Limited | 2.17% |
Largest holdings only in JM Small Cap Fund
| Security | % of fund |
|---|---|
| Garware Hi-Tech Films Ltd | 4.50% |
| Acutaas Chemicals Limited | 2.91% |
| FIVE-STAR BUSINESS FINANCE LIMITED | 2.69% |
| Shaily Engineering Plastics Limited | 2.45% |
| Fusion Finance Limited | 2.30% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Small Cap | JM Small Cap |
|---|---|---|
| Equity | 87.6% | 97.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 12.4% | 2.7% |
Market cap of stocks
| Market cap | Groww Small Cap | JM Small Cap |
|---|---|---|
| Large Cap | 0.0% | 0.0% |
| Mid Cap | 10.5% | 3.1% |
| Small Cap | 61.5% | 88.3% |
| Not on AMFI's list | 15.6% | 5.9% |
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 | Groww Small Cap | JM Small Cap |
|---|---|---|
| Auto Components | 14.9% | 9.3% |
| Industrial Products | 7.0% | 14.5% |
| Electrical Equipment | 10.7% | 6.8% |
| Banks | 8.3% | 5.1% |
| Finance | 7.2% | 7.7% |
| Consumer Durables | 0.0% | 7.3% |
| Pharmaceuticals & Biotechnology | 2.6% | 6.9% |
| Healthcare Services | 6.4% | 2.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Small Cap vs JM Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Small Cap Fund | JM Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.06% | 1.00% |
| Base expense ratio (Direct) | 0.48% | 0.63% |
| Total expense ratio (Regular) | 2.70% | 2.56% |
| Base expense ratio (Regular) | 1.93% | 1.98% |
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 Groww Small Cap with
Groww Small Cap Fund vs JM Small Cap Fund: Frequently Asked Questions
What is the difference between Groww Small Cap Fund and JM Small Cap Fund?
Both are Small Cap funds, run by Groww Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 17.8%. Groww Small Cap Fund charges 1.06% a year and JM Small Cap Fund 1.00%.
Which has the lower expense ratio, Groww Small Cap Fund or JM Small Cap Fund?
JM Small Cap Fund charges less: 1.00% a year against 1.06%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Small Cap Fund and JM Small Cap Fund overlap?
17.8%. They hold 20 of the same securities, the largest shared ones being TDPOWERSYS, ATHERENERG, CUB. From each fund's latest monthly portfolio.
Which is riskier, Groww Small Cap Fund or JM Small Cap Fund?
On SEBI's riskometer, Groww Small Cap Fund is rated Low to Moderate and JM Small Cap Fund Very High. Over their common history, the standard deviation of daily returns was 18.04% and 20.66% a year.
Can I invest in both Groww Small Cap Fund and JM Small Cap Fund?
Yes. 17.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Small Cap Fund and JM Small Cap Fund?
Groww Small Cap Fund: Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity). JM Small Cap Fund: Asit Bhandarkar, Satish Ramanathan, 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.