JM Aggressive Hybrid Fund vs JM Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Aggressive Hybrid Fund is an Aggressive Hybrid fund and JM Large Cap Fund is a Large Cap fund. In the 3 years to 30-10-2026, JM Aggressive Hybrid Fund (Direct) returned 11.8% a year and JM Large Cap Fund (Direct) returned 10.5% a year. JM Aggressive Hybrid Fund charges 1.16% a year and JM Large Cap Fund 1.19% (Direct plans). Their portfolios overlap 41.3%: they hold 25 of the same securities.
JM Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 11.8%
- Expense ratio
- 1.16%
- NAV
- ₹134.15
Which is better, JM Aggressive Hybrid 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 Aggressive Hybrid returned more over 5 years: 12.1% a year against 9.5%.
- JM Aggressive Hybrid returned more over 3 years: 11.8% a year against 10.5%.
- JM Aggressive Hybrid costs less: 1.16% a year against 1.19% (Direct plans).
- JM Aggressive Hybrid swung less over 3 years: a standard deviation of 12.5% a year against 14.9%.
- JM Large Cap fell less in its worst fall since 03-01-2013: −19.8% against −36.6%.
- JM Large Cap holds more in large companies: 81.1% of the fund in large caps against 43.2%.
- JM Aggressive Hybrid is the larger fund: ₹654 Cr against ₹356 Cr.
- Their portfolios overlap 41.3%: 25 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 | JM Aggressive Hybrid Fund | JM Large Cap Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | JM Financial Mutual Fund |
| Category | Aggressive Hybrid | Large Cap |
| AUM | ₹654 Cr (30-09-2026) | ₹356 Cr (30-09-2026) |
| NAV | ₹134.15 (Direct) | ₹171.67 (Direct) |
| Expense ratio (Direct) | 1.16% | 1.19% |
| Expense ratio (Regular) | 2.69% | 2.67% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | BSE 100 TRI |
| Launch date | 01-04-1995 | 01-04-1995 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar | Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar |
| Exit load | 1.00% of NAV on all investment (including SIP/ STP/ SWP) transactions, if redeemed / switched-out within 60 days of transfer/ allotment of units in normal transactions/ allotment of units of respective installments in SIP/ STP/ SWP transactions | Exit load of 1%, if redeemed within 30 days. |
JM Aggressive Hybrid 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 |
|---|---|---|---|---|---|---|---|
| JM Aggressive Hybrid Fund (Direct) | −1.58% | −3.18% | +1.49% | −5.13% | +11.76% | +12.14% | +12.55% |
| JM Large Cap Fund (Direct) | +0.56% | −3.71% | +0.05% | −5.72% | +10.48% | +9.46% | +11.44% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 29 Aggressive Hybrid funds and the 35 Large Cap funds, same plan type.
JM Aggressive Hybrid vs JM Large Cap: Year-wise Returns
| Year | Aggressive HybridJM Aggressive Hybrid | Large CapJM Large Cap |
|---|---|---|
| 2026to date | −2.73% | −6.23% |
| 2025 | −1.55% | +5.51% |
| 2024 | +29.28% | +16.81% |
| 2023 | +35.47% | +30.52% |
| 2022 | +9.13% | +4.17% |
| 2021 | +23.91% | +24.56% |
JM Aggressive Hybrid vs JM Large Cap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of JM Large Cap Fund
Rolling returns
Every 3-year holding period, 2,672 of them, one for each trading day from 04-01-2016 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.
JM Aggressive Hybrid Fund (Direct)
JM Large Cap Fund (Direct)
BSE 100 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JM Aggressive Hybrid | 3.0 | 10.5 | 19.9 | 18.8 | 16.2 | 23.3 | 8.3 | 14.3% | 14.6% | −9.1% | 34.1% | 51% |
| JM Large Cap | 0.0 | 5.2 | 24.2 | 25.2 | 36.4 | 8.9 | 0.0 | 13.4% | 14.0% | 0.7% | 24.0% | 48% |
| BSE 100 TRI | 1.0 | 3.7 | 12.0 | 43.7 | 31.9 | 5.5 | 2.1 | 13.8% | 14.1% | −5.2% | 32.8% | -- |
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 BSE 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 03-01-2013. Past returns do not promise future returns.
JM Aggressive Hybrid 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 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM Aggressive HybridJM Aggressive Hybrid Fund (Direct) | ₹16,60,000 | ₹43,71,173 | ₹27,11,173 | 13.0% |
| JM Large CapJM Large Cap Fund (Direct) | ₹16,60,000 | ₹39,24,702 | ₹22,64,702 | 11.6% |
JM Aggressive HybridJM Aggressive Hybrid 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.
JM Aggressive Hybrid vs JM Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Aggressive Hybrid Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.13% | −5.72% |
| Standard deviation | 12.70% | 14.51% |
| Sharpe ratio | -0.82 | -0.76 |
| Sortino ratio | -1.09 | -1.01 |
| Maximum drawdown | −13.7% (30-03-2026) | −14.5% (31-03-2026) |
| Beta | -- | 1.02 |
| Alpha | -- | +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 | JM Aggressive Hybrid Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.76% | +10.48% |
| Standard deviation | 12.46% | 14.91% |
| Sharpe ratio | 0.46 | 0.30 |
| Sortino ratio | 0.63 | 0.40 |
| Maximum drawdown | −17.0% (30-03-2026) | −19.8% (28-02-2025) |
| Beta | -- | 1.06 |
| Alpha | -- | +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 | JM Aggressive Hybrid Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.14% | +9.46% |
| Standard deviation | 12.06% | 14.57% |
| Sharpe ratio | 0.53 | 0.25 |
| Sortino ratio | 0.71 | 0.34 |
| Maximum drawdown | −17.0% (30-03-2026) | −19.8% (28-02-2025) |
| Beta | -- | 1.01 |
| Alpha | -- | +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 | JM Aggressive Hybrid Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.88% | +11.86% |
| Standard deviation | 13.91% | 13.37% |
| Sharpe ratio | 0.49 | 0.43 |
| Sortino ratio | 0.70 | 0.60 |
| Maximum drawdown | −36.6% (23-03-2020) | −19.8% (28-02-2025) |
| Beta | -- | 0.77 |
| Alpha | -- | +1.17% |
From daily NAVs, 03-01-2013 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.
JM Aggressive Hybrid Fund (Direct)
JM Large Cap Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM Aggressive Hybrid Fund (Direct) | −36.6% | 03-06-2019 | 23-03-2020 | 23-10-2020 | 7 months | −8.8% |
| JM Large Cap Fund (Direct) | −19.8% | 27-09-2024 | 28-02-2025 | Not yet | -- | −9.9% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
From daily values since 03-01-2013, 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.
JM Aggressive Hybrid Fund (Direct)
JM Large Cap Fund (Direct)
BSE 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.
JM Aggressive Hybrid Fund (Direct)
JM Large Cap Fund (Direct)
BSE 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.
JM Aggressive Hybrid Fund (Direct)
JM Large Cap Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM Aggressive Hybrid Fund (Direct) | 89% | 74% | 8.31% |
| JM Large Cap Fund (Direct) | 87% | 79% | 6.71% |
From month-end values since 03-01-2013. 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.
JM Aggressive Hybrid vs JM Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: JM Aggressive Hybrid Fund, September 2026; JM Large Cap Fund, September 2026
Holdings in common
- Overlap
- 41.3%
- Held by both
- 25
- Only in JM Aggressive Hybrid
- 56
- Only in JM Large Cap
- 24
| Security | % of JM Aggressive Hybrid | % of JM Large Cap |
|---|---|---|
| Bharti Airtel Limited | 2.71% | 3.88% |
| One 97 Communications Limited | 3.80% | 2.69% |
| Bajaj Finance Limited | 2.63% | 2.79% |
| Kotak Mahindra Bank Limited | 2.42% | 3.15% |
| Reliance Industries Limited | 2.21% | 3.36% |
| Apollo Hospitals Enterprise Limited | 2.13% | 2.70% |
| Eternal Limited | 2.94% | 2.03% |
| ICICI Bank Limited | 2.03% | 3.56% |
| Torrent Pharmaceuticals Limited | 1.95% | 2.80% |
| Mahindra & Mahindra Limited | 1.94% | 2.47% |
| United Spirits Limited | 1.76% | 1.75% |
| Adani Port & Special Economic Zone Ltd | 1.69% | 2.88% |
| HDFC Bank Limited | 1.68% | 2.69% |
| Axis Bank Limited | 1.57% | 2.88% |
| InterGlobe Aviation Limited | 1.54% | 1.77% |
| Tech Mahindra Limited | 1.46% | 1.76% |
| Larsen & Toubro Limited | 1.43% | 2.90% |
| LTM Limited | 1.30% | 1.32% |
| Maruti Suzuki India Limited | 1.23% | 1.77% |
| Adani Enterprises Limited | 1.33% | 1.16% |
| Adani Power Limited | 1.30% | 1.09% |
| 360 ONE WAM LIMITED | 1.06% | 1.80% |
| SRF Limited | 1.03% | 0.87% |
| Bajaj Auto Limited | 0.73% | 1.84% |
| Anirit Ventures Ltd | 0.03% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.3% means 41.3% 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 JM Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| 6.94% GOI 11-May-2036 | 2.67% |
| 6.36% GOI 16-Feb-2031 | 2.29% |
| Multi Commodity Exchange of India Ltd. | 2.09% |
| Ujjivan Small Finance Bank Limited | 2.00% |
| 7.9% Mahindra & Mahindra Financial Serv Ltd. 21-FEB-2028 | 1.83% |
Largest holdings only in JM Large Cap Fund
| Security | % of fund |
|---|---|
| State Bank of India | 4.56% |
| Titan Company Limited | 2.50% |
| Shriram Finance Limited | 2.44% |
| TVS Motor Company Limited | 2.25% |
| Divi's Laboratories Limited | 2.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Aggressive Hybrid | JM Large Cap |
|---|---|---|
| Equity | 77.8% | 95.8% |
| Debt | 19.9% | 0.0% |
| Cash and others | 2.3% | 4.2% |
Market cap of stocks
| Market cap | JM Aggressive Hybrid | JM Large Cap |
|---|---|---|
| Large Cap | 43.2% | 81.1% |
| Mid Cap | 16.7% | 13.5% |
| Small Cap | 16.6% | 0.1% |
| Not on AMFI's list | 1.2% | 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 | JM Aggressive Hybrid | JM Large Cap |
|---|---|---|
| Banks | 12.4% | 16.9% |
| Automobiles | 3.9% | 8.3% |
| Pharmaceuticals & Biotechnology | 1.9% | 6.3% |
| Finance | 5.6% | 5.2% |
| Retailing | 5.2% | 2.0% |
| Capital Markets | 4.5% | 5.1% |
| IT - Software | 2.8% | 4.2% |
| Financial Technology (Fintech) | 3.8% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
JM Aggressive Hybrid vs JM Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Aggressive Hybrid Fund | JM Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.16% | 1.19% |
| Base expense ratio (Direct) | 0.75% | 0.82% |
| Total expense ratio (Regular) | 2.69% | 2.67% |
| Base expense ratio (Regular) | 2.06% | 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 JM Aggressive Hybrid with
JM Aggressive Hybrid Fund vs JM Large Cap Fund: Frequently Asked Questions
What is the difference between JM Aggressive Hybrid Fund and JM Large Cap Fund?
JM Aggressive Hybrid Fund is an Aggressive Hybrid fund, JM Large Cap Fund is a Large Cap fund, run by JM Financial Mutual Fund. Their portfolios overlap 41.3%. JM Aggressive Hybrid Fund charges 1.16% a year and JM Large Cap Fund 1.19%.
Which has given higher returns, JM Aggressive Hybrid Fund or JM Large Cap Fund?
Over 1 year: JM Aggressive Hybrid Fund −5.13%, JM Large Cap Fund −5.72%. Over 3 years: JM Aggressive Hybrid Fund +11.76% a year, JM Large Cap Fund +10.48% a year. Over 5 years: JM Aggressive Hybrid Fund +12.14% 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, JM Aggressive Hybrid Fund or JM Large Cap Fund?
JM Aggressive Hybrid Fund charges less: 1.16% a year against 1.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Aggressive Hybrid Fund and JM Large Cap Fund overlap?
41.3%. They hold 25 of the same securities, the largest shared ones being BHARTIARTL, PAYTM, BAJFINANCE. From each fund's latest monthly portfolio.
Which is riskier, JM Aggressive Hybrid Fund or JM Large Cap Fund?
On SEBI's riskometer, JM Aggressive Hybrid Fund is rated Very High and JM Large Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 12.46% and 14.91% a year.
Which is better for SIP, JM Aggressive Hybrid 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 ₹7,99,769 in JM Aggressive Hybrid Fund (XIRR 10.6% 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 JM Aggressive Hybrid Fund and JM Large Cap Fund?
Yes. 41.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages JM Aggressive Hybrid Fund and JM Large Cap Fund?
JM Aggressive Hybrid Fund: Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar. 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.