JioBlackRock Nifty Midcap 150 Index Fund vs JM Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Nifty Midcap 150 Index Fund is an Index fund and JM Mid Cap Fund is a Mid Cap fund. In the year to 30-10-2026, JioBlackRock Nifty Midcap 150 Index Fund (Direct) returned −4.6% and JM Mid Cap Fund (Direct) returned −0.1%. JioBlackRock Nifty Midcap 150 Index Fund charges 0.40% a year and JM Mid Cap Fund 0.96% (Direct plans). Their portfolios overlap 34.5%: they hold 43 of the same securities.
JioBlackRock Nifty Midcap 150 Index Fund
Index
- 1 year return
- −4.6%
- Expense ratio
- 0.40%
- NAV
- ₹9.92
Which is better, JioBlackRock Nifty Midcap 150 Index or JM Mid 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 Mid Cap returned more over 1 year: −0.1% against −4.6%.
- JioBlackRock Nifty Midcap 150 Index costs less: 0.40% a year against 0.96% (Direct plans).
- JioBlackRock Nifty Midcap 150 Index fell less in its worst fall since 22-08-2025: −14.0% against −15.4%.
- JM Mid Cap is the larger fund: ₹1,303 Cr against ₹266 Cr.
- Their portfolios overlap 34.5%: 43 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 | JioBlackRock Nifty Midcap 150 Index Fund | JM Mid Cap Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | JM Financial Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹266 Cr (30-09-2026) | ₹1,303 Cr (30-09-2026) |
| NAV | ₹9.92 (Direct) | ₹20.79 (Direct) |
| Expense ratio (Direct) | 0.40% | 0.96% |
| Expense ratio (Regular) | 1.36% | 2.47% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 18-08-2025 | 21-11-2022 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Tanvi Kacheria, Anand Shah, Haresh Mehta | Satish Ramanathan, Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar |
| Exit load | Nil | 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. |
JioBlackRock Nifty Midcap 150 Index vs JM Mid 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 |
|---|---|---|---|---|---|---|---|
| JioBlackRock Nifty Midcap 150 Index Fund (Direct) | −3.71% | −8.57% | −4.13% | −4.62% | -- | -- | -- |
| JM Mid Cap Fund (Direct) | −5.08% | −5.86% | +3.24% | −0.08% | +17.31% | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
JioBlackRock Nifty Midcap 150 Index vs JM Mid Cap: Year-wise Returns
| Year | JioBlackRock Nifty Midcap 150 IndexJioBlackRock Nifty Midcap 150 Index | JM Mid CapJM Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.17% | +3.57% | −4.97% |
| 2025 | -- | −1.16% | +5.98% |
| 2024 | -- | +37.77% | +24.46% |
| 2023 | -- | +47.33% | +44.61% |
JioBlackRock Nifty Midcap 150 Index vs JM Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 45 of them, one for each trading day from 24-08-2026 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.
JioBlackRock Nifty Midcap 150 Index Fund (Direct)
JM Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JioBlackRock Nifty Midcap 150 Index | 22.2 | 37.8 | 26.7 | 13.3 | 0.0 | 0.0 | 0.0 | 4.1% | 4.3% | −5.8% | 13.8% | 0% |
| JM Mid Cap | 8.9 | 13.3 | 44.4 | 24.4 | 8.9 | 0.0 | 0.0 | 8.3% | 9.1% | −2.9% | 16.9% | 100% |
| Nifty Midcap 150 TRI | 20.0 | 33.3 | 31.1 | 15.6 | 0.0 | 0.0 | 0.0 | 4.4% | 4.6% | −5.5% | 14.1% | -- |
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 Midcap 150 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 22-08-2025. Past returns do not promise future returns.
JioBlackRock Nifty Midcap 150 Index vs JM Mid 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 22-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JioBlackRock Nifty Midcap 150 IndexJioBlackRock Nifty Midcap 150 Index Fund (Direct) | ₹1,50,000 | ₹1,44,591 | −₹5,409 | −5.5% |
| JM Mid CapJM Mid Cap Fund (Direct) | ₹1,50,000 | ₹1,52,635 | ₹2,635 | 2.7% |
JioBlackRock Nifty Midcap 150 IndexJioBlackRock Nifty Midcap 150 Index Fund (Direct)
JM Mid CapJM Mid 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.
JioBlackRock Nifty Midcap 150 Index vs JM Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JioBlackRock Nifty Midcap 150 Index Fund (Direct) | JM Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.62% | −0.08% |
| Standard deviation | 16.57% | 18.23% |
| Sharpe ratio | -0.60 | -0.29 |
| Sortino ratio | -0.80 | -0.40 |
| Maximum drawdown | −14.0% (30-03-2026) | −15.2% (23-03-2026) |
| Beta | 1.00 | 1.06 |
| Alpha | −0.25% | +4.83% |
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 | JioBlackRock Nifty Midcap 150 Index Fund (Direct) | JM Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.28% | +20.35% |
| Standard deviation | 15.79% | 16.62% |
| Sharpe ratio | -0.42 | 0.85 |
| Sortino ratio | -0.56 | 1.15 |
| Maximum drawdown | −14.0% (30-03-2026) | −22.5% (28-02-2025) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.33% | +4.21% |
From daily NAVs, 22-08-2025 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.
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.
JioBlackRock Nifty Midcap 150 Index Fund (Direct)
JM Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JioBlackRock Nifty Midcap 150 Index Fund (Direct) | −14.0% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.6% |
| JM Mid Cap Fund (Direct) | −15.4% | 28-10-2025 | 23-03-2026 | 06-05-2026 | 44 days | −10.1% |
| Nifty Midcap 150 TRI | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
From daily values since 22-08-2025, 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.
JioBlackRock Nifty Midcap 150 Index Fund (Direct)
JM Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JioBlackRock Nifty Midcap 150 Index Fund (Direct) | 99% | 101% | 0.14% |
| JM Mid Cap Fund (Direct) | 116% | 107% | 6.39% |
From month-end values since 22-08-2025. 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.
JioBlackRock Nifty Midcap 150 Index vs JM Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Nifty Midcap 150 Index Fund, September 2026; JM Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 34.5%
- Held by both
- 43
- Only in JioBlackRock Nifty Midcap 150 Index
- 107
- Only in JM Mid Cap
- 29
| Security | % of JioBlackRock Nifty Midcap 150 Index | % of JM Mid Cap |
|---|---|---|
| Multi Commodity Exchange Of India Ltd | 2.08% | 2.28% |
| One 97 Communications Ltd | 1.78% | 3.60% |
| Bharat Heavy Electricals Ltd | 1.49% | 1.50% |
| AU Small Finance Bank Ltd | 1.45% | 1.43% |
| Dixon Technologies (India) Ltd | 1.35% | 1.47% |
| IDFC First Bank Ltd | 1.34% | 2.84% |
| Bharat Forge Ltd | 1.32% | 2.24% |
| Lenskart Solutions Ltd | 1.24% | 2.21% |
| Aurobindo Pharma Ltd | 1.14% | 1.85% |
| Ashok Leyland Ltd | 1.09% | 2.27% |
| Marico Ltd | 1.03% | 2.74% |
| Hero MotoCorp Ltd | 1.68% | 1.01% |
| FSN E-Commerce Ventures Ltd | 1.08% | 0.98% |
| Indian Hotels Co Ltd | 1.58% | 0.95% |
| SRF Ltd | 0.89% | 1.61% |
| Glenmark Pharmaceuticals Ltd | 0.87% | 2.66% |
| Radico Khaitan Ltd | 0.85% | 1.51% |
| Apar Industries Ltd | 0.80% | 1.18% |
| Alkem Laboratories Ltd | 0.77% | 0.99% |
| PB Fintech Ltd | 0.93% | 0.74% |
| National Aluminium Co Ltd | 0.75% | 0.73% |
| Mphasis Ltd | 0.70% | 1.66% |
| Mankind Pharma Ltd | 0.70% | 2.89% |
| 360 One Wam Ltd | 0.67% | 1.58% |
| Piramal Finance Ltd | 0.66% | 1.11% |
| Billionbrains Garage Ventures Ltd | 0.65% | 1.41% |
| Tube Investments of India Ltd | 0.63% | 2.20% |
| Prestige Estates Projects Ltd | 0.62% | 1.02% |
| Swiggy Ltd | 0.93% | 0.58% |
| Waaree Energies Ltd | 0.56% | 1.08% |
| Mahindra & Mahindra Financial Services Ltd | 0.53% | 0.82% |
| J.K. Cement Ltd | 0.52% | 1.81% |
| JSW Infrastructure Ltd | 0.53% | 0.49% |
| Exide Industries Ltd | 0.46% | 0.84% |
| Hindustan Petroleum Corporation Ltd | 0.83% | 0.42% |
| Bank Of Maharashtra | 0.40% | 2.81% |
| Motilal Oswal Financial Services Ltd | 0.39% | 2.28% |
| Coromandel International Ltd | 0.52% | 0.38% |
| Linde India Ltd | 0.33% | 0.73% |
| Thermax Ltd | 0.32% | 1.22% |
| Endurance Technologies Ltd | 0.23% | 1.71% |
| Housing & Urban Development Corporation Ltd | 0.21% | 0.58% |
| Godfrey Phillips India Ltd | 0.19% | 2.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.5% means 34.5% 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 JioBlackRock Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| Federal Bank Ltd | 1.94% |
| Laurus Labs Ltd | 1.90% |
| Coforge Ltd | 1.50% |
| IndusInd Bank Ltd | 1.47% |
| Persistent Systems Ltd | 1.42% |
Largest holdings only in JM Mid Cap Fund
| Security | % of fund |
|---|---|
| AVALON TECHNOLOGIES LIMITED | 3.08% |
| Sona BLW Precision Forgings Limited | 2.39% |
| Acutaas Chemicals Limited | 2.28% |
| SYRMA SGS TECHNOLOGY LIMITED | 2.19% |
| Poonawalla Fincorp Limited | 1.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Nifty Midcap 150 Index | JM Mid Cap |
|---|---|---|
| Equity | 99.3% | 98.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.7% | 1.6% |
Market cap of stocks
| Market cap | JioBlackRock Nifty Midcap 150 Index | JM Mid Cap |
|---|---|---|
| Large Cap | 5.7% | 4.9% |
| Mid Cap | 91.0% | 67.6% |
| Small Cap | 2.5% | 24.4% |
| Not on AMFI's list | 0.0% | 1.5% |
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 | JioBlackRock Nifty Midcap 150 Index | JM Mid Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.2% | 12.4% |
| Auto Components | 4.6% | 10.1% |
| Electrical Equipment | 6.0% | 9.1% |
| Capital Markets | 4.7% | 8.7% |
| Banks | 8.7% | 7.9% |
| Finance | 6.8% | 4.2% |
| Retailing | 5.6% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
JioBlackRock Nifty Midcap 150 Index vs JM Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Nifty Midcap 150 Index Fund | JM Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | 0.96% |
| Base expense ratio (Direct) | 0.19% | 0.57% |
| Total expense ratio (Regular) | 1.36% | 2.47% |
| Base expense ratio (Regular) | 0.72% | 1.87% |
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
JioBlackRock Nifty Midcap 150 Index Fund vs JM Mid Cap Fund: Frequently Asked Questions
What is the difference between JioBlackRock Nifty Midcap 150 Index Fund and JM Mid Cap Fund?
JioBlackRock Nifty Midcap 150 Index Fund is an Index fund, JM Mid Cap Fund is a Mid Cap fund, run by Jio BlackRock Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 34.5%. JioBlackRock Nifty Midcap 150 Index Fund charges 0.40% a year and JM Mid Cap Fund 0.96%.
Which has given higher returns, JioBlackRock Nifty Midcap 150 Index Fund or JM Mid Cap Fund?
Over 1 year: JioBlackRock Nifty Midcap 150 Index Fund −4.62%, JM Mid Cap Fund −0.08%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JioBlackRock Nifty Midcap 150 Index Fund or JM Mid Cap Fund?
JioBlackRock Nifty Midcap 150 Index Fund charges less: 0.40% a year against 0.96%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Nifty Midcap 150 Index Fund and JM Mid Cap Fund overlap?
34.5%. They hold 43 of the same securities, the largest shared ones being MCX, PAYTM, BHEL. From each fund's latest monthly portfolio.
Which is riskier, JioBlackRock Nifty Midcap 150 Index Fund or JM Mid Cap Fund?
On SEBI's riskometer, JioBlackRock Nifty Midcap 150 Index Fund is rated Very High and JM Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.57% and 18.23% a year.
Can I invest in both JioBlackRock Nifty Midcap 150 Index Fund and JM Mid Cap Fund?
Yes. 34.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JioBlackRock Nifty Midcap 150 Index Fund and JM Mid Cap Fund?
JioBlackRock Nifty Midcap 150 Index Fund: Tanvi Kacheria, Anand Shah, Haresh Mehta. JM Mid Cap 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.