JM Large Cap Fund vs JM Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Large Cap Fund is a Large Cap fund and JM Large & Mid Cap Fund is a Large & Mid Cap fund. In the year to 30-10-2026, JM Large Cap Fund (Direct) returned −5.7% and JM Large & Mid Cap Fund (Direct) returned −4.1%. JM Large Cap Fund charges 1.19% a year and JM Large & Mid Cap Fund 1.04% (Direct plans). Their portfolios overlap 41.8%: they hold 24 of the same securities.
JM Large & Mid Cap Fund
Large & Mid Cap
- 1 year return
- −4.1%
- Expense ratio
- 1.04%
- NAV
- ₹10.20
Which is better, JM Large Cap or JM Large & 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 Large & Mid Cap returned more over 1 year: −4.1% against −5.7%.
- JM Large & Mid Cap costs less: 1.04% a year against 1.19% (Direct plans).
- JM Large Cap fell less in its worst fall since 30-07-2025: −14.5% against −15.5%.
- JM Large Cap holds more in large companies: 81.1% of the fund in large caps against 40.1%.
- JM Large & Mid Cap is the larger fund: ₹448 Cr against ₹356 Cr.
- Their portfolios overlap 41.8%: 24 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 Large Cap Fund | JM Large & Mid Cap Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | JM Financial Mutual Fund |
| Category | Large Cap | Large & Mid Cap |
| AUM | ₹356 Cr (30-09-2026) | ₹448 Cr (30-09-2026) |
| NAV | ₹171.67 (Direct) | ₹10.20 (Direct) |
| Expense ratio (Direct) | 1.19% | 1.04% |
| Expense ratio (Regular) | 2.67% | 2.72% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 100 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 01-04-1995 | 25-07-2025 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar | Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar |
| Exit load | Exit load of 1%, if redeemed within 30 days. | 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. |
JM Large Cap vs JM Large & 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 |
|---|---|---|---|---|---|---|---|
| JM Large Cap Fund (Direct) | +0.56% | −3.71% | +0.05% | −5.72% | +10.48% | +9.46% | +11.44% |
| JM Large & Mid Cap Fund (Direct) | −2.28% | −4.94% | +1.48% | −4.09% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | -- | -- | -- |
Category average: the average of the 35 Large Cap funds and the 36 Large & Mid Cap funds, same plan type.
JM Large Cap vs JM Large & Mid Cap: Year-wise Returns
| Year | CapJM Large Cap | & Mid CapJM Large & Mid Cap |
|---|---|---|
| 2026to date | −6.23% | −2.61% |
| 2025 | +5.51% | -- |
| 2024 | +16.81% | -- |
| 2023 | +30.52% | -- |
| 2022 | +4.17% | -- |
| 2021 | +24.56% | -- |
JM Large Cap vs JM Large & Mid Cap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of JM Large Cap Fund
Rolling returns
Every 1-year holding period, 62 of them, one for each trading day from 30-07-2026 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.
JM Large Cap Fund (Direct)
JM Large & Mid Cap Fund (Direct)
BSE 100 TRI
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JM Large Cap | 48.4 | 30.6 | 21.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4% | 0.8% | −8.4% | 8.3% | 100% |
| JM Large & Mid Cap | 19.4 | 29.0 | 35.5 | 16.1 | 0.0 | 0.0 | 0.0 | 4.9% | 5.4% | −5.3% | 12.0% | 100% |
| BSE 100 TRI | 62.9 | 37.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −2.7% | −2.9% | −10.3% | 4.3% | -- |
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 30-07-2025. Past returns do not promise future returns.
JM Large Cap vs JM Large & 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 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM Large CapJM Large Cap Fund (Direct) | ₹1,60,000 | ₹1,56,689 | −₹3,311 | −2.9% |
| JM Large & Mid CapJM Large & Mid Cap Fund (Direct) | ₹1,60,000 | ₹1,59,145 | −₹855 | −0.8% |
JM Large CapJM Large Cap Fund (Direct)
JM Large & Mid CapJM Large & 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.
JM Large Cap vs JM Large & Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Large Cap Fund (Direct) | JM Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.72% | −4.09% |
| Standard deviation | 14.51% | 15.31% |
| Sharpe ratio | -0.76 | -0.61 |
| Sortino ratio | -1.01 | -0.82 |
| Maximum drawdown | −14.5% (31-03-2026) | −15.5% (31-03-2026) |
| Beta | 1.02 | 1.01 |
| Alpha | +3.51% | +2.47% |
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 Large Cap Fund (Direct) | JM Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.86% | +1.11% |
| Standard deviation | 13.37% | 14.32% |
| Sharpe ratio | 0.43 | -0.29 |
| Sortino ratio | 0.60 | -0.40 |
| Maximum drawdown | −19.8% (28-02-2025) | −15.5% (31-03-2026) |
| Beta | 0.77 | 1.00 |
| Alpha | +1.17% | +3.51% |
From daily NAVs, 02-01-2013 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 Large Cap Fund (Direct)
JM Large & Mid 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 Large Cap Fund (Direct) | −14.5% | 02-01-2026 | 31-03-2026 | Not yet | -- | −7.4% |
| JM Large & Mid Cap Fund (Direct) | −15.5% | 17-11-2025 | 31-03-2026 | 29-07-2026 | 4 months | −8.2% |
| BSE 100 TRI | −15.0% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.4% |
From daily values since 30-07-2025, 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.
JM Large Cap Fund (Direct)
JM Large & Mid Cap Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM Large Cap Fund (Direct) | 99% | 83% | 2.27% |
| JM Large & Mid Cap Fund (Direct) | 97% | 72% | 5.99% |
From month-end values since 30-07-2025. 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.
JM Large Cap vs JM Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: JM Large Cap Fund, September 2026; JM Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 41.8%
- Held by both
- 24
- Only in JM Large Cap
- 25
- Only in JM Large & Mid Cap
- 41
| Security | % of JM Large Cap | % of JM Large & Mid Cap |
|---|---|---|
| ICICI Bank Limited | 3.56% | 3.28% |
| One 97 Communications Limited | 2.69% | 2.67% |
| HDFC Bank Limited | 2.69% | 2.66% |
| Bajaj Finance Limited | 2.79% | 2.51% |
| Torrent Pharmaceuticals Limited | 2.80% | 2.21% |
| Bharti Airtel Limited | 3.88% | 2.18% |
| State Bank of India | 4.56% | 2.14% |
| Shriram Finance Limited | 2.44% | 2.02% |
| Reliance Industries Limited | 3.36% | 1.89% |
| Kotak Mahindra Bank Limited | 3.15% | 1.82% |
| JSW Energy Limited | 1.85% | 1.70% |
| Mahindra & Mahindra Limited | 2.47% | 1.61% |
| Tech Mahindra Limited | 1.76% | 1.52% |
| Eternal Limited | 2.03% | 1.52% |
| TVS Motor Company Limited | 2.25% | 1.48% |
| Larsen & Toubro Limited | 2.90% | 1.37% |
| Zydus Lifesciences Limited | 1.44% | 1.32% |
| Billionbrains Garage Ventures Ltd. | 1.30% | 1.63% |
| Adani Port & Special Economic Zone Ltd | 2.88% | 1.26% |
| The Indian Hotels Company Limited | 1.96% | 1.25% |
| InterGlobe Aviation Limited | 1.77% | 1.24% |
| Bharat Electronics Limited | 1.32% | 1.19% |
| BSE Ltd | 0.90% | 1.72% |
| Maruti Suzuki India Limited | 1.77% | 0.80% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.8% means 41.8% 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 JM Large Cap Fund
| Security | % of fund |
|---|---|
| Axis Bank Limited | 2.88% |
| Apollo Hospitals Enterprise Limited | 2.70% |
| Titan Company Limited | 2.50% |
| Divi's Laboratories Limited | 2.08% |
| Bajaj Auto Limited | 1.84% |
Largest holdings only in JM Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| LG Electronics India Limited | 2.17% |
| Radico Khaitan Limited | 2.10% |
| GE Vernova T&D India Limited | 1.91% |
| Dixon Technologies (India) Limited | 1.86% |
| Navin Fluorine International Limited | 1.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Large Cap | JM Large & Mid Cap |
|---|---|---|
| Equity | 95.8% | 97.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.2% | 2.1% |
Market cap of stocks
| Market cap | JM Large Cap | JM Large & Mid Cap |
|---|---|---|
| Large Cap | 81.1% | 40.1% |
| Mid Cap | 13.5% | 40.0% |
| Small Cap | 0.1% | 16.3% |
| Not on AMFI's list | 1.1% | 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 | JM Large Cap | JM Large & Mid Cap |
|---|---|---|
| Banks | 16.9% | 12.8% |
| Automobiles | 8.3% | 3.9% |
| Finance | 5.2% | 7.4% |
| Pharmaceuticals & Biotechnology | 6.3% | 6.3% |
| Capital Markets | 5.1% | 5.0% |
| Auto Components | 1.2% | 5.1% |
| Consumer Durables | 2.5% | 4.5% |
| IT - Software | 4.2% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
JM Large Cap vs JM Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Large Cap Fund | JM Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 1.04% |
| Base expense ratio (Direct) | 0.82% | 0.66% |
| Total expense ratio (Regular) | 2.67% | 2.72% |
| Base expense ratio (Regular) | 2.10% | 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 Large Cap with
JM Large Cap Fund vs JM Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between JM Large Cap Fund and JM Large & Mid Cap Fund?
JM Large Cap Fund is a Large Cap fund, JM Large & Mid Cap Fund is a Large & Mid Cap fund, run by JM Financial Mutual Fund. Their portfolios overlap 41.8%. JM Large Cap Fund charges 1.19% a year and JM Large & Mid Cap Fund 1.04%.
Which has given higher returns, JM Large Cap Fund or JM Large & Mid Cap Fund?
Over 1 year: JM Large Cap Fund −5.72%, JM Large & Mid Cap Fund −4.09%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM Large Cap Fund or JM Large & Mid Cap Fund?
JM Large & Mid Cap Fund charges less: 1.04% a year against 1.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Large Cap Fund and JM Large & Mid Cap Fund overlap?
41.8%. They hold 24 of the same securities, the largest shared ones being ICICIBANK, PAYTM, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, JM Large Cap Fund or JM Large & Mid Cap Fund?
On SEBI's riskometer, JM Large Cap Fund is rated Very High and JM Large & Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.51% and 15.31% a year.
Can I invest in both JM Large Cap Fund and JM Large & Mid Cap Fund?
Yes. 41.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages JM Large Cap Fund and JM Large & Mid Cap Fund?
JM Large Cap Fund: Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar. JM Large & Mid Cap Fund: 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.