ITI Large Cap Fund vs JM Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Large Cap Fund and JM Large Cap Fund are both Large Cap funds. In the 3 years to 30-10-2026, ITI Large Cap Fund (Direct) returned 9.9% a year and JM Large Cap Fund (Direct) returned 10.5% a year. ITI Large Cap Fund charges 0.93% a year and JM Large Cap Fund 1.19% (Direct plans). Their portfolios overlap 55.3%: they hold 27 of the same securities.
Which is better, ITI Large Cap or JM Large 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 Large Cap returned more over 5 years: 9.5% a year against 7.7%.
- JM Large Cap returned more over 3 years: 10.5% a year against 9.9%.
- ITI Large Cap costs less: 0.93% a year against 1.19% (Direct plans).
- JM Large Cap swung less over 3 years: a standard deviation of 14.9% a year against 15.5%.
- JM Large Cap fell less in its worst fall since 29-12-2020: −19.8% against −20.8%.
- JM Large Cap is the larger fund: ₹356 Cr against ₹352 Cr.
- Their portfolios overlap 55.3%: 27 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 | ITI Large Cap Fund | JM Large Cap Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | JM Financial Mutual Fund |
| Category | Large Cap | Large Cap |
| AUM | ₹352 Cr (30-09-2026) | ₹356 Cr (30-09-2026) |
| NAV | ₹18.67 (Direct) | ₹171.67 (Direct) |
| Expense ratio (Direct) | 0.93% | 1.19% |
| Expense ratio (Regular) | 2.61% | 2.67% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | BSE 100 TRI |
| Launch date | 24-12-2020 | 01-04-1995 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Alok Ranjan, Nilay Dalal | Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 1%, if redeemed within 30 days. |
ITI Large Cap vs JM Large 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 |
|---|---|---|---|---|---|---|---|
| ITI Large Cap Fund (Direct) | −1.71% | −3.38% | −0.54% | −6.51% | +9.95% | +7.74% | -- |
| JM Large Cap Fund (Direct) | +0.56% | −3.71% | +0.05% | −5.72% | +10.48% | +9.46% | +11.44% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 35 Large Cap funds, same plan type.
ITI Large Cap vs JM Large Cap: Year-wise Returns
| Year | ITIITI Large Cap | JMJM Large Cap |
|---|---|---|
| 2026to date | −6.75% | −6.23% |
| 2025 | +6.17% | +5.51% |
| 2024 | +16.28% | +16.81% |
| 2023 | +26.38% | +30.52% |
| 2022 | +1.95% | +4.17% |
| 2021 | +24.23% | +24.56% |
ITI Large Cap vs JM Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of ITI Large Cap Fund
Rolling returns
Every 3-year holding period, 697 of them, one for each trading day from 29-12-2023 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.
ITI Large Cap Fund (Direct)
JM Large Cap Fund (Direct)
Nifty 100 TRI
to
Mar 2024Sept 2021
to
Sept 2024Mar 2022
to
Mar 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Large Cap | 0.0 | 0.0 | 2.6 | 38.3 | 54.1 | 5.0 | 0.0 | 15.3% | 15.6% | 8.8% | 22.1% | 97% |
| JM Large Cap | 0.0 | 0.0 | 3.2 | 22.2 | 48.0 | 26.6 | 0.0 | 17.3% | 17.1% | 8.6% | 24.0% | 100% |
| Nifty 100 TRI | 0.0 | 0.0 | 6.9 | 53.4 | 39.7 | 0.0 | 0.0 | 14.1% | 14.1% | 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 29-12-2020. Past returns do not promise future returns.
ITI Large Cap vs JM Large Cap: 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 29-12-2020 to 30-10-2026: 71 instalments, ₹7,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Large CapITI Large Cap Fund (Direct) | ₹7,10,000 | ₹9,04,788 | ₹1,94,788 | 8.1% |
| JM Large CapJM Large Cap Fund (Direct) | ₹7,10,000 | ₹9,35,437 | ₹2,25,437 | 9.2% |
ITI Large CapITI Large Cap Fund (Direct)
JM Large CapJM Large Cap 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.
ITI Large Cap vs JM Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Large Cap Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.51% | −5.72% |
| Standard deviation | 15.43% | 14.51% |
| Sharpe ratio | -0.76 | -0.76 |
| Sortino ratio | -1.03 | -1.01 |
| Maximum drawdown | −16.1% (31-03-2026) | −14.5% (31-03-2026) |
| Beta | 1.08 | 1.02 |
| Alpha | +3.25% | +3.51% |
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 | ITI Large Cap Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.95% | +10.48% |
| Standard deviation | 15.46% | 14.91% |
| Sharpe ratio | 0.25 | 0.30 |
| Sortino ratio | 0.34 | 0.40 |
| Maximum drawdown | −17.8% (28-02-2025) | −19.8% (28-02-2025) |
| Beta | 1.09 | 1.06 |
| Alpha | +0.58% | +1.33% |
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 | ITI Large Cap Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.74% | +9.46% |
| Standard deviation | 14.86% | 14.57% |
| Sharpe ratio | 0.13 | 0.25 |
| Sortino ratio | 0.18 | 0.34 |
| Maximum drawdown | −19.7% (20-06-2022) | −19.8% (28-02-2025) |
| Beta | 1.03 | 1.01 |
| Alpha | +0.48% | +1.65% |
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 | ITI Large Cap Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.06% | +11.86% |
| Standard deviation | 14.68% | 13.37% |
| Sharpe ratio | 0.38 | 0.43 |
| Sortino ratio | 0.52 | 0.60 |
| Maximum drawdown | −20.8% (20-06-2022) | −19.8% (28-02-2025) |
| Beta | 1.00 | 0.77 |
| Alpha | +0.21% | +1.17% |
From daily NAVs, 29-12-2020 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.
ITI Large Cap Fund (Direct)
JM Large Cap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Large Cap Fund (Direct) | −20.8% | 18-10-2021 | 20-06-2022 | 16-06-2023 | 12 months | −8.3% |
| JM Large Cap Fund (Direct) | −19.8% | 27-09-2024 | 28-02-2025 | Not yet | -- | −9.9% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 29-12-2020, 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.
ITI Large Cap Fund (Direct)
JM Large Cap 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.
ITI Large Cap Fund (Direct)
JM Large Cap 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.
ITI Large Cap Fund (Direct)
JM Large Cap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Large Cap Fund (Direct) | 100% | 98% | 4.45% |
| JM Large Cap Fund (Direct) | 101% | 92% | 4.48% |
From month-end values since 29-12-2020. 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.
ITI Large Cap vs JM Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Large Cap Fund, September 2026; JM Large Cap Fund, September 2026
Holdings in common
- Overlap
- 55.3%
- Held by both
- 27
- Only in ITI Large Cap
- 20
- Only in JM Large Cap
- 22
| Security | % of ITI Large Cap | % of JM Large Cap |
|---|---|---|
| State Bank of India | 4.72% | 4.56% |
| Bharti Airtel Limited | 4.24% | 3.88% |
| ICICI Bank Limited | 6.51% | 3.56% |
| Reliance Industries Limited | 4.62% | 3.36% |
| Kotak Mahindra Bank Limited | 3.14% | 3.15% |
| Larsen & Toubro Limited | 4.45% | 2.90% |
| Axis Bank Limited | 4.65% | 2.88% |
| Bajaj Finance Limited | 3.63% | 2.79% |
| HDFC Bank Limited | 4.31% | 2.69% |
| Mahindra & Mahindra Limited | 2.81% | 2.47% |
| Adani Ports and Special Economic Zone Limited | 2.20% | 2.88% |
| Titan Company Limited | 2.19% | 2.50% |
| Eternal Limited | 2.36% | 2.03% |
| JSW Energy Limited | 2.37% | 1.85% |
| Shriram Finance Limited | 1.82% | 2.44% |
| UltraTech Cement Limited | 1.66% | 1.80% |
| Apollo Hospitals Enterprise Limited | 1.53% | 2.70% |
| Maruti Suzuki India Limited | 1.45% | 1.77% |
| Bharat Electronics Limited | 3.36% | 1.32% |
| TVS Motor Company Limited | 1.28% | 2.25% |
| Divi's Laboratories Limited | 1.28% | 2.08% |
| Cummins India Limited | 1.22% | 1.37% |
| Bajaj Auto Limited | 1.02% | 1.84% |
| Adani Power Limited | 0.73% | 1.09% |
| The Indian Hotels Company Limited | 0.51% | 1.96% |
| Polycab India Limited | 0.50% | 1.12% |
| Vedanta Aluminium Metal Limited | 0.47% | 1.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.3% means 55.3% 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 ITI Large Cap Fund
| Security | % of fund |
|---|---|
| ESDS Software Solution Ltd | 5.00% |
| Cholamandalam Investment and Finance Company Ltd | 2.20% |
| Sun Pharmaceutical Industries Limited | 2.03% |
| NTPC Limited | 2.00% |
| IIFL Finance Limited | 1.89% |
Largest holdings only in JM Large Cap Fund
| Security | % of fund |
|---|---|
| Torrent Pharmaceuticals Limited | 2.80% |
| One 97 Communications Limited | 2.69% |
| 360 ONE WAM LIMITED | 1.80% |
| InterGlobe Aviation Limited | 1.77% |
| Tech Mahindra Limited | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Large Cap | JM Large Cap |
|---|---|---|
| Equity | 98.0% | 95.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.0% | 4.2% |
Market cap of stocks
| Market cap | ITI Large Cap | JM Large Cap |
|---|---|---|
| Large Cap | 80.6% | 81.1% |
| Mid Cap | 4.8% | 13.5% |
| Small Cap | 6.2% | 0.1% |
| Not on AMFI's list | 6.4% | 1.1% |
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 | ITI Large Cap | JM Large Cap |
|---|---|---|
| Banks | 23.3% | 16.9% |
| Finance | 10.3% | 5.2% |
| Automobiles | 7.4% | 8.3% |
| Pharmaceuticals & Biotechnology | 3.3% | 6.3% |
| Power | 6.1% | 2.9% |
| Capital Markets | 2.5% | 5.1% |
| IT - Services | 5.0% | 0.0% |
| Petroleum Products | 4.6% | 3.4% |
| IT - Software | 0.0% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Large Cap vs JM Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Large Cap Fund | JM Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 1.19% |
| Base expense ratio (Direct) | 0.59% | 0.82% |
| Total expense ratio (Regular) | 2.61% | 2.67% |
| Base expense ratio (Regular) | 2.09% | 2.10% |
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 ITI Large Cap with
ITI Large Cap Fund vs JM Large Cap Fund: Frequently Asked Questions
What is the difference between ITI Large Cap Fund and JM Large Cap Fund?
Both are Large Cap funds, run by ITI Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 55.3%. ITI Large Cap Fund charges 0.93% a year and JM Large Cap Fund 1.19%.
Which has given higher returns, ITI Large Cap Fund or JM Large Cap Fund?
Over 1 year: ITI Large Cap Fund −6.51%, JM Large Cap Fund −5.72%. Over 3 years: ITI Large Cap Fund +9.95% a year, JM Large Cap Fund +10.48% a year. Over 5 years: ITI Large Cap Fund +7.74% a year, JM Large Cap Fund +9.46% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Large Cap Fund or JM Large Cap Fund?
ITI Large Cap Fund charges less: 0.93% a year against 1.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Large Cap Fund and JM Large Cap Fund overlap?
55.3%. They hold 27 of the same securities, the largest shared ones being SBIN, BHARTIARTL, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, ITI Large Cap Fund or JM Large Cap Fund?
On SEBI's riskometer, ITI Large Cap Fund is rated Very High and JM Large Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 15.46% and 14.91% a year.
Which is better for SIP, ITI Large Cap Fund or JM Large Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,34,420 in ITI Large Cap Fund (XIRR 7.2% a year) and ₹7,49,911 in JM Large Cap Fund (XIRR 8.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ITI Large Cap Fund and JM Large Cap Fund?
Yes. 55.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ITI Large Cap Fund and JM Large Cap Fund?
ITI Large Cap Fund: Alok Ranjan, Nilay Dalal. JM Large Cap Fund: Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, 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.