JM Large Cap Fund vs Sundaram Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Large Cap Fund is a Large Cap fund and Sundaram Services Fund is a Thematic fund. In the 3 years to 30-10-2026, JM Large Cap Fund (Direct) returned 10.5% a year and Sundaram Services Fund (Direct) returned 13.4% a year. JM Large Cap Fund charges 1.19% a year and Sundaram Services Fund 0.86% (Direct plans). Their portfolios overlap 35.3%: they hold 15 of the same securities.
Sundaram Services Fund
Thematic
- 3 year return
- 13.4%
- Expense ratio
- 0.86%
- NAV
- ₹37.95
Which is better, JM Large Cap or Sundaram Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram Services returned more over 5 years: 11.6% a year against 9.5%.
- Sundaram Services returned more over 3 years: 13.4% a year against 10.5%.
- Sundaram Services costs less: 0.86% a year against 1.19% (Direct plans).
- Sundaram Services swung less over 3 years: a standard deviation of 14.1% a year against 14.9%.
- JM Large Cap fell less in its worst fall since 25-09-2018: −19.8% against −39.6%.
- JM Large Cap holds more in large companies: 81.1% of the fund in large caps against 51.1%.
- Sundaram Services is the larger fund: ₹4,999 Cr against ₹356 Cr.
- Their portfolios overlap 35.3%: 15 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 | Sundaram Services Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Sundaram Mutual Fund |
| Category | Large Cap | Thematic |
| AUM | ₹356 Cr (30-09-2026) | ₹4,999 Cr (30-09-2026) |
| NAV | ₹171.67 (Direct) | ₹37.95 (Direct) |
| Expense ratio (Direct) | 1.19% | 0.86% |
| Expense ratio (Regular) | 2.67% | 1.95% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 100 TRI | Nifty Services Sector TRI |
| Launch date | 01-04-1995 | 21-09-2018 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar | Rohit Seksaria, Shalav Saket |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Nil - If up to 25% of the units invested are redeemed or withdrawn by way of SWP within 365 days from the date of allotment. Any redemptions or withdrawals by way of SWP in excess of the above mentioned limit would be subject to an exit load of 1 % of the applicable NAV will be charged, if the units are redeemed within 365 days from the date of allotment of units For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil. Further, exit load will be waived on Intra-scheme and Inter scheme Switchouts/STP. Generally, the exit load will be calculated on First in First out (FIFO) basis. |
JM Large Cap vs Sundaram Services: 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% |
| Sundaram Services Fund (Direct) | −1.53% | −5.13% | +3.05% | −4.35% | +13.38% | +11.59% | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 35 Large Cap funds and the 235 Thematic funds, same plan type.
JM Large Cap vs Sundaram Services: Year-wise Returns
| Year | JM Large CapJM Large Cap | Sundaram ServicesSundaram Services |
|---|---|---|
| 2026to date | −6.23% | −3.58% |
| 2025 | +5.51% | +11.88% |
| 2024 | +16.81% | +19.27% |
| 2023 | +30.52% | +29.56% |
| 2022 | +4.17% | +4.65% |
| 2021 | +24.56% | +46.78% |
JM Large Cap vs Sundaram Services: 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, 1,254 of them, one for each trading day from 27-09-2021 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)
Sundaram Services Fund (Direct)
BSE 100 TRI
to
Feb 2022Jan 2020
to
Jan 2023Nov 2020
to
Nov 2023Sept 2021
to
Sept 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 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 | 0.0 | 0.0 | 2.1 | 21.1 | 60.1 | 16.7 | 0.0 | 16.9% | 16.8% | 8.6% | 24.0% | 58% |
| Sundaram Services | 0.0 | 0.0 | 0.0 | 4.7 | 34.2 | 31.1 | 30.0 | 22.4% | 21.6% | 11.8% | 37.4% | 100% |
| BSE 100 TRI | 0.0 | 0.0 | 3.4 | 29.6 | 50.9 | 11.7 | 4.4 | 16.7% | 16.4% | 7.0% | 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 25-09-2018. Past returns do not promise future returns.
JM Large Cap vs Sundaram Services: 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 03-09-2018 to 30-10-2026: 98 instalments, ₹9,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM Large CapJM Large Cap Fund (Direct) | ₹9,80,000 | ₹15,87,652 | ₹6,07,652 | 11.5% |
| Sundaram ServicesSundaram Services Fund (Direct) | ₹9,80,000 | ₹19,75,203 | ₹9,95,203 | 16.7% |
JM Large CapJM Large Cap Fund (Direct)
Sundaram ServicesSundaram Services 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 Sundaram Services: 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) | Sundaram Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.72% | −4.35% |
| Standard deviation | 14.51% | 15.57% |
| Sharpe ratio | -0.76 | -0.62 |
| Sortino ratio | -1.01 | -0.85 |
| Maximum drawdown | −14.5% (31-03-2026) | −17.2% (31-03-2026) |
| Beta | 1.02 | 0.95 |
| Alpha | +3.51% | +3.60% |
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) | Sundaram Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.48% | +13.38% |
| Standard deviation | 14.91% | 14.09% |
| Sharpe ratio | 0.30 | 0.52 |
| Sortino ratio | 0.40 | 0.72 |
| Maximum drawdown | −19.8% (28-02-2025) | −17.2% (31-03-2026) |
| Beta | 1.06 | 0.89 |
| Alpha | +1.33% | +4.47% |
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 Large Cap Fund (Direct) | Sundaram Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.46% | +11.59% |
| Standard deviation | 14.57% | 14.00% |
| Sharpe ratio | 0.25 | 0.41 |
| Sortino ratio | 0.34 | 0.56 |
| Maximum drawdown | −19.8% (28-02-2025) | −17.4% (20-06-2022) |
| Beta | 1.01 | 0.85 |
| Alpha | +1.65% | +5.99% |
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 Large Cap Fund (Direct) | Sundaram Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.86% | +17.89% |
| Standard deviation | 13.37% | 16.10% |
| Sharpe ratio | 0.43 | 0.78 |
| Sortino ratio | 0.60 | 1.05 |
| Maximum drawdown | −19.8% (28-02-2025) | −39.6% (23-03-2020) |
| Beta | 0.77 | 0.78 |
| Alpha | +1.17% | +8.33% |
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)
Sundaram Services 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) | −19.8% | 27-09-2024 | 28-02-2025 | Not yet | -- | −9.9% |
| Sundaram Services Fund (Direct) | −39.6% | 19-02-2020 | 23-03-2020 | 04-12-2020 | 8 months | −7.6% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
From daily values since 25-09-2018, 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)
Sundaram Services 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 Large Cap Fund (Direct)
Sundaram Services 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 Large Cap Fund (Direct)
Sundaram Services Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM Large Cap Fund (Direct) | 85% | 75% | 7.81% |
| Sundaram Services Fund (Direct) | 109% | 79% | 6.50% |
From month-end values since 25-09-2018. 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 Sundaram Services: Portfolio Overlap
From each fund's latest monthly portfolio: JM Large Cap Fund, September 2026; Sundaram Services Fund, September 2026
Holdings in common
- Overlap
- 35.3%
- Held by both
- 15
- Only in JM Large Cap
- 34
- Only in Sundaram Services
- 40
| Security | % of JM Large Cap | % of Sundaram Services |
|---|---|---|
| Bharti Airtel Limited | 3.88% | 5.06% |
| Reliance Industries Limited | 3.36% | 3.84% |
| Adani Port & Special Economic Zone Ltd | 2.88% | 3.92% |
| Axis Bank Limited | 2.88% | 4.58% |
| ICICI Bank Limited | 3.56% | 2.85% |
| Kotak Mahindra Bank Limited | 3.15% | 2.71% |
| Apollo Hospitals Enterprise Limited | 2.70% | 2.69% |
| One 97 Communications Limited | 2.69% | 2.68% |
| Titan Company Limited | 2.50% | 2.53% |
| Shriram Finance Limited | 2.44% | 2.53% |
| HDFC Bank Limited | 2.69% | 2.40% |
| Eternal Limited | 2.03% | 6.10% |
| InterGlobe Aviation Limited | 1.77% | 4.17% |
| Infosys Limited | 1.15% | 0.24% |
| LTM Limited | 1.32% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.3% means 35.3% 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 Large Cap Fund
| Security | % of fund |
|---|---|
| State Bank of India | 4.56% |
| Larsen & Toubro Limited | 2.90% |
| Torrent Pharmaceuticals Limited | 2.80% |
| Bajaj Finance Limited | 2.79% |
| Mahindra & Mahindra Limited | 2.47% |
Largest holdings only in Sundaram Services Fund
| Security | % of fund |
|---|---|
| Rate Gain Travel Technologies Ltd | 2.90% |
| Info Edge (India) Ltd | 2.64% |
| PNB Housing Finance Ltd | 2.57% |
| Bajaj Finserv Ltd | 2.45% |
| Cholamandalam Financial Holdings Ltd | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Large Cap | Sundaram Services |
|---|---|---|
| Equity | 95.8% | 96.4% |
| Debt | 0.0% | 1.0% |
| Cash and others | 4.2% | 2.7% |
Market cap of stocks
| Market cap | JM Large Cap | Sundaram Services |
|---|---|---|
| Large Cap | 81.1% | 51.1% |
| Mid Cap | 13.5% | 14.0% |
| Small Cap | 0.1% | 30.0% |
| Foreign stocks | 0.0% | 0.7% |
| Not on AMFI's list | 1.1% | 0.6% |
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 | Sundaram Services |
|---|---|---|
| Banks | 16.9% | 17.0% |
| Finance | 5.2% | 13.9% |
| Retailing | 2.0% | 8.7% |
| Automobiles | 8.3% | 1.3% |
| Telecom - Services | 3.9% | 8.0% |
| Healthcare Services | 2.7% | 7.7% |
| Pharmaceuticals & Biotechnology | 6.3% | 0.0% |
| It - Software | 0.0% | 5.4% |
| Capital Markets | 5.1% | 2.4% |
| IT - Software | 4.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
JM Large Cap vs Sundaram Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Large Cap Fund | Sundaram Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 0.86% |
| Base expense ratio (Direct) | 0.82% | 0.65% |
| Total expense ratio (Regular) | 2.67% | 1.95% |
| Base expense ratio (Regular) | 2.10% | 1.61% |
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 Sundaram Services Fund: Frequently Asked Questions
What is the difference between JM Large Cap Fund and Sundaram Services Fund?
JM Large Cap Fund is a Large Cap fund, Sundaram Services Fund is a Thematic fund, run by JM Financial Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 35.3%. JM Large Cap Fund charges 1.19% a year and Sundaram Services Fund 0.86%.
Which has given higher returns, JM Large Cap Fund or Sundaram Services Fund?
Over 1 year: JM Large Cap Fund −5.72%, Sundaram Services Fund −4.35%. Over 3 years: JM Large Cap Fund +10.48% a year, Sundaram Services Fund +13.38% a year. Over 5 years: JM Large Cap Fund +9.46% a year, Sundaram Services Fund +11.59% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM Large Cap Fund or Sundaram Services Fund?
Sundaram Services Fund charges less: 0.86% a year against 1.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Large Cap Fund and Sundaram Services Fund overlap?
35.3%. They hold 15 of the same securities, the largest shared ones being BHARTIARTL, RELIANCE, ADANIPORTS. From each fund's latest monthly portfolio.
Which is riskier, JM Large Cap Fund or Sundaram Services Fund?
On SEBI's riskometer, JM Large Cap Fund is rated Very High and Sundaram Services Fund Very High. Over 3 years, the standard deviation of daily returns was 14.91% and 14.09% a year.
Which is better for SIP, JM Large Cap Fund or Sundaram Services Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,49,911 in JM Large Cap Fund (XIRR 8.1% a year) and ₹8,17,433 in Sundaram Services Fund (XIRR 11.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both JM Large Cap Fund and Sundaram Services Fund?
Yes. 35.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JM Large Cap Fund and Sundaram Services Fund?
JM Large Cap Fund: Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar. Sundaram Services Fund: Rohit Seksaria, Shalav Saket.
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.