Helios Large & Mid Cap Fund vs JM Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Large & Mid Cap Fund is a Large & Mid Cap fund and JM Multi Asset Allocation Fund is a Multi Asset fund. Helios Large & Mid Cap Fund charges 1.02% a year and JM Multi Asset Allocation Fund 1.05% (Direct plans). Their portfolios overlap 18.4%: they hold 13 of the same securities.
Helios Large & Mid Cap Fund
Large & Mid Cap
- Expense ratio
- 1.02%
- NAV
- ₹11.07
JM Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.05%
- NAV
- ₹9.75
Which is better, Helios Large & Mid Cap or JM Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Helios Large & Mid Cap costs less: 1.02% a year against 1.05% (Direct plans).
- JM Multi Asset Allocation fell less in its worst fall since 20-07-2026: −8.8% against −10.5%.
- Helios Large & Mid Cap holds more in large companies: 55.8% of the fund in large caps against 17.0%.
- Helios Large & Mid Cap is the larger fund: ₹1,463 Cr against ₹167 Cr.
- Their portfolios overlap 18.4%: 13 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 | Helios Large & Mid Cap Fund | JM Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | JM Financial Mutual Fund |
| Category | Large & Mid Cap | Multi Asset |
| AUM | ₹1,463 Cr (30-09-2026) | ₹167 Cr (30-09-2026) |
| NAV | ₹11.07 (Direct) | ₹9.75 (Direct) |
| Expense ratio (Direct) | 1.02% | 1.05% |
| Expense ratio (Regular) | 2.54% | 2.73% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty LargeMidcap 250 TRI | 55% Nifty 500 + 30% CRISIL Short term bond Index + 10% Domestic Price of Gold + 5% Domestic Price of silver |
| Launch date | 30-10-2024 | 15-07-2026 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Asit Bhandarkar, Deepak Gupta, Killol Pandya, Satish Ramanathan |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | In respect of each purchase/ switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 60 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 60 days from the date of allotment. |
Helios Large & Mid Cap vs JM Multi Asset Allocation: 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 |
|---|---|---|---|---|---|---|---|
| Helios Large & Mid Cap Fund (Direct) | −1.42% | −3.32% | +0.91% | −2.12% | -- | -- | -- |
| JM Multi Asset Allocation Fund (Direct) | −3.19% | −3.00% | -- | -- | -- | -- | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | -- | -- | -- | -- | -- |
Category average: the average of the 36 Large & Mid Cap funds and the 37 Multi Asset funds, same plan type.
Helios Large & Mid Cap vs JM Multi Asset Allocation: Year-wise Returns
| Year | Helios Large & Mid CapHelios Large & Mid Cap | JM Multi Asset AllocationJM Multi Asset Allocation |
|---|---|---|
| 2026to date | −1.86% | -- |
| 2025 | +9.83% | -- |
Helios Large & Mid Cap vs JM Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Helios Large & Mid Cap Fund
Helios Large & Mid Cap vs JM Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Helios Large & Mid Cap Fund (Direct) | JM Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.90% | −8.20% |
| Standard deviation | 15.76% | 10.24% |
| Sharpe ratio | 0.02 | -1.31 |
| Sortino ratio | 0.02 | -1.63 |
| Maximum drawdown | −18.0% (28-02-2025) | −8.8% (23-10-2026) |
| Beta | 1.03 | -- |
| Alpha | +5.65% | -- |
From daily NAVs, 04-11-2024 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.
Helios Large & Mid Cap Fund (Direct)
JM Multi Asset Allocation Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Helios Large & Mid Cap Fund (Direct) | −10.5% | 25-08-2026 | 23-10-2026 | Not yet | -- | −7.0% |
| JM Multi Asset Allocation Fund (Direct) | −8.8% | 26-08-2026 | 23-10-2026 | Not yet | -- | −7.3% |
| NIFTY LargeMidcap 250 TRI | −10.6% | 03-08-2026 | 23-10-2026 | Not yet | -- | −8.6% |
From daily values since 20-07-2026, the first day every fund has.
Helios Large & Mid Cap vs JM Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Large & Mid Cap Fund, September 2026; JM Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 18.4%
- Held by both
- 13
- Only in Helios Large & Mid Cap
- 46
- Only in JM Multi Asset Allocation
- 40
| Security | % of Helios Large & Mid Cap | % of JM Multi Asset Allocation |
|---|---|---|
| One 97 Communications Ltd. | 4.90% | 2.07% |
| HDFC Bank Ltd. | 4.38% | 1.91% |
| Larsen & Toubro Ltd. | 2.37% | 1.89% |
| Bajaj Finance Ltd. | 2.61% | 1.84% |
| Adani Ports and Special Economic Zone Ltd. | 4.33% | 1.68% |
| Eternal Ltd. | 3.96% | 1.63% |
| Titan Company Ltd. | 2.93% | 1.47% |
| Billionbrains Garage Ventures Ltd. | 1.44% | 1.14% |
| Interglobe Aviation Ltd. | 2.30% | 1.10% |
| The Indian Hotels Company Ltd. | 1.36% | 1.07% |
| Nippon Life India Asset Management Ltd. | 1.30% | 1.02% |
| Shriram Finance Ltd. | 0.97% | 1.42% |
| Endurance Technologies Ltd. | 0.64% | 1.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.4% means 18.4% 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 Helios Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 3.86% |
| Kotak Mahindra Bank Ltd. | 3.03% |
| Adani Enterprises Ltd. | 2.86% |
| The Phoenix Mills Ltd. | 2.72% |
| State Bank of India | 2.51% |
Largest holdings only in JM Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Tata Gold Exchange Traded Fund | 6.84% |
| DSP Mutual Fund - DSP Gold ETF | 4.35% |
| 8.75% Piramal Finance Ltd 29-OCT-2027 | 2.99% |
| 7.23% Power Finance Corporation Limited 05-JAN-2027 | 2.99% |
| Bank of Baroda 11-DEC-2026 | 2.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Large & Mid Cap | JM Multi Asset Allocation |
|---|---|---|
| Equity | 98.8% | 49.3% |
| Debt | 0.0% | 29.0% |
| Cash and others | 1.2% | 21.7% |
Market cap of stocks
| Market cap | Helios Large & Mid Cap | JM Multi Asset Allocation |
|---|---|---|
| Large Cap | 55.8% | 17.0% |
| Mid Cap | 39.6% | 10.5% |
| Small Cap | 2.7% | 16.1% |
| Not on AMFI's list | 0.7% | 5.8% |
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 | Helios Large & Mid Cap | JM Multi Asset Allocation |
|---|---|---|
| Banks | 13.8% | 6.1% |
| Capital Markets | 10.0% | 3.2% |
| Finance | 7.8% | 3.3% |
| Retailing | 5.6% | 3.0% |
| Transport Infrastructure | 5.6% | 1.7% |
| Electrical Equipment | 5.3% | 3.8% |
| Auto Components | 4.3% | 3.7% |
| Consumer Durables | 2.9% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Large & Mid Cap vs JM Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Large & Mid Cap Fund | JM Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.02% | 1.05% |
| Base expense ratio (Direct) | 0.50% | 0.40% |
| Total expense ratio (Regular) | 2.54% | 2.73% |
| Base expense ratio (Regular) | 1.81% | 1.82% |
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 Helios Large & Mid Cap with
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Helios Large & Mid Cap Fund vs JM Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Helios Large & Mid Cap Fund and JM Multi Asset Allocation Fund?
Helios Large & Mid Cap Fund is a Large & Mid Cap fund, JM Multi Asset Allocation Fund is a Multi Asset fund, run by Helios Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 18.4%. Helios Large & Mid Cap Fund charges 1.02% a year and JM Multi Asset Allocation Fund 1.05%.
Which has the lower expense ratio, Helios Large & Mid Cap Fund or JM Multi Asset Allocation Fund?
Helios Large & Mid Cap Fund charges less: 1.02% a year against 1.05%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Large & Mid Cap Fund and JM Multi Asset Allocation Fund overlap?
18.4%. They hold 13 of the same securities, the largest shared ones being PAYTM, HDFCBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, Helios Large & Mid Cap Fund or JM Multi Asset Allocation Fund?
On SEBI's riskometer, Helios Large & Mid Cap Fund is rated Very High and JM Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 15.76% and 10.24% a year.
Can I invest in both Helios Large & Mid Cap Fund and JM Multi Asset Allocation Fund?
Yes. 18.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Helios Large & Mid Cap Fund and JM Multi Asset Allocation Fund?
Helios Large & Mid Cap Fund: Alok Bahl, Pratik Singh. JM Multi Asset Allocation Fund: Asit Bhandarkar, Deepak Gupta, Killol Pandya, Satish Ramanathan.
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.