JM Value Fund vs Sundaram Dividend Yield Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Value Fund is a Value and Contra fund and Sundaram Dividend Yield Fund is a Dividend Yield fund. In the 3 years to 30-10-2026, JM Value Fund (Direct) returned 9.8% a year and Sundaram Dividend Yield Fund (Direct) returned 9.3% a year. JM Value Fund charges 1.59% a year and Sundaram Dividend Yield Fund 1.27% (Direct plans). Their portfolios overlap 23.5%: they hold 14 of the same securities.
Sundaram Dividend Yield Fund
Dividend Yield
- 3 year return
- 9.3%
- Expense ratio
- 1.27%
- NAV
- ₹138.43
Which is better, JM Value or Sundaram Dividend Yield? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JM Value returned more over 3 years: 9.8% a year against 9.3%.
- Sundaram Dividend Yield returned more over 1 year: −9.2% against −9.6%.
- Sundaram Dividend Yield costs less: 1.27% a year against 1.59% (Direct plans).
- Sundaram Dividend Yield swung less over 3 years: a standard deviation of 13.1% a year against 17.2%.
- Sundaram Dividend Yield fell less in its worst fall since 03-01-2022: −18.9% against −26.1%.
- Sundaram Dividend Yield holds more in large companies: 70.4% of the fund in large caps against 32.3%.
- JM Value is the larger fund: ₹780 Cr against ₹757 Cr.
- Their portfolios overlap 23.5%: 14 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 Value Fund | Sundaram Dividend Yield Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Sundaram Mutual Fund |
| Category | Value and Contra | Dividend Yield |
| AUM | ₹780 Cr (30-09-2026) | ₹757 Cr (30-09-2026) |
| NAV | ₹100.86 (Direct) | ₹138.43 (Direct) |
| Expense ratio (Direct) | 1.59% | 1.27% |
| Expense ratio (Regular) | 2.75% | 2.43% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 02-06-1997 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Satish Ramanathan, Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar | Not available |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Not available |
JM Value vs Sundaram Dividend Yield: 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 Value Fund (Direct) | −6.48% | −5.75% | −2.96% | −9.64% | +9.77% | +12.34% | +14.15% |
| Sundaram Dividend Yield Fund (Direct) | −0.24% | −5.19% | −5.64% | −9.22% | +9.25% | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | -- | -- |
Category average: the average of the 30 Value and Contra funds and the 12 Dividend Yield funds, same plan type.
JM Value vs Sundaram Dividend Yield: Year-wise Returns
| Year | JM ValueJM Value | Sundaram Dividend YieldSundaram Dividend Yield |
|---|---|---|
| 2026to date | −7.28% | −9.84% |
| 2025 | −3.20% | +4.57% |
| 2024 | +26.72% | +17.22% |
| 2023 | +48.68% | +35.70% |
| 2022 | +6.05% | -- |
| 2021 | +37.17% | -- |
JM Value vs Sundaram Dividend Yield: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of JM Value Fund
Rolling returns
Every 3-year holding period, 449 of them, one for each trading day from 03-01-2025 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 Value Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
BSE 500 TRI
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 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 Value | 0.0 | 0.0 | 0.7 | 14.5 | 21.2 | 40.1 | 23.6 | 21.2% | 21.4% | 9.2% | 32.1% | 100% |
| Sundaram Dividend Yield | 0.0 | 0.0 | 7.6 | 21.4 | 62.1 | 8.9 | 0.0 | 16.0% | 16.8% | 7.8% | 22.3% | 81% |
| BSE 500 TRI | 0.0 | 0.0 | 5.3 | 42.8 | 45.9 | 6.0 | 0.0 | 14.9% | 15.1% | 8.4% | 22.0% | -- |
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 500 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 03-01-2022. Past returns do not promise future returns.
JM Value vs Sundaram Dividend Yield: 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM ValueJM Value Fund (Direct) | ₹5,80,000 | ₹7,24,676 | ₹1,44,676 | 9.2% |
| Sundaram Dividend YieldSundaram Dividend Yield Fund (Direct) | ₹5,80,000 | ₹6,80,395 | ₹1,00,395 | 6.6% |
JM ValueJM Value Fund (Direct)
Sundaram Dividend YieldSundaram Dividend Yield 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 Value vs Sundaram Dividend Yield: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Value Fund (Direct) | Sundaram Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.64% | −9.22% |
| Standard deviation | 17.60% | 11.15% |
| Sharpe ratio | -0.85 | -1.30 |
| Sortino ratio | -1.12 | -1.66 |
| Maximum drawdown | −18.5% (31-03-2026) | −12.8% (08-10-2026) |
| Beta | 1.15 | 0.74 |
| Alpha | +0.02% | −5.14% |
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 Value Fund (Direct) | Sundaram Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.77% | +9.25% |
| Standard deviation | 17.15% | 13.13% |
| Sharpe ratio | 0.22 | 0.25 |
| Sortino ratio | 0.29 | 0.33 |
| Maximum drawdown | −26.1% (31-03-2026) | −18.9% (28-02-2025) |
| Beta | 1.13 | 0.89 |
| Alpha | −0.61% | −0.49% |
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 Value Fund (Direct) | Sundaram Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.98% | +8.98% |
| Standard deviation | 18.46% | 12.88% |
| Sharpe ratio | 0.48 | 0.24 |
| Sortino ratio | 0.66 | 0.32 |
| Maximum drawdown | −37.9% (23-03-2020) | −18.9% (28-02-2025) |
| Beta | 1.11 | 0.87 |
| Alpha | +1.44% | +0.41% |
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 Value Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM Value Fund (Direct) | −26.1% | 05-09-2024 | 31-03-2026 | Not yet | -- | −18.1% |
| Sundaram Dividend Yield Fund (Direct) | −18.9% | 27-09-2024 | 28-02-2025 | Not yet | -- | −13.3% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 03-01-2022, 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 Value Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
BSE 500 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 Value Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM Value Fund (Direct) | 112% | 94% | 7.95% |
| Sundaram Dividend Yield Fund (Direct) | 90% | 83% | 4.27% |
From month-end values since 03-01-2022. 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 Value vs Sundaram Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: JM Value Fund, September 2026; Sundaram Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 23.5%
- Held by both
- 14
- Only in JM Value
- 60
- Only in Sundaram Dividend Yield
- 39
| Security | % of JM Value | % of Sundaram Dividend Yield |
|---|---|---|
| ICICI Bank Limited | 3.78% | 4.62% |
| Tech Mahindra Limited | 2.52% | 2.82% |
| Infosys Limited | 2.43% | 2.80% |
| Larsen & Toubro Limited | 3.38% | 2.33% |
| Bharti Airtel Limited | 2.70% | 2.20% |
| HDFC Bank Limited | 1.82% | 4.87% |
| Shriram Finance Limited | 3.40% | 1.49% |
| Bajaj Auto Limited | 1.41% | 2.10% |
| Axis Bank Limited | 1.26% | 1.38% |
| Life Insurance Corporation Of India | 1.88% | 1.15% |
| Hindustan Aeronautics Limited | 1.02% | 1.23% |
| Power Grid Corporation of India Limited | 0.90% | 3.01% |
| NTPC Limited | 0.62% | 4.05% |
| Hindustan Petroleum Corporation Limited | 0.54% | 1.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.5% means 23.5% 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 JM Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 4.70% |
| Tata Motors Limited | 2.55% |
| Jana Small Finance Bank Ltd | 2.55% |
| JK TYRE & INDUSTRIES LTD | 2.26% |
| Restaurant Brands Asia Limited | 2.23% |
Largest holdings only in Sundaram Dividend Yield Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 4.13% |
| State Bank of India | 3.76% |
| Coal India Ltd | 3.37% |
| Oil & Natural Gas Corporation Ltd | 2.98% |
| Somany Ceramics Ltd | 2.85% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Value | Sundaram Dividend Yield |
|---|---|---|
| Equity | 98.8% | 91.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.2% | 8.5% |
Market cap of stocks
| Market cap | JM Value | Sundaram Dividend Yield |
|---|---|---|
| Large Cap | 32.3% | 70.4% |
| Mid Cap | 7.0% | 10.9% |
| Small Cap | 55.7% | 10.2% |
| Not on AMFI's list | 3.8% | 0.0% |
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 Value | Sundaram Dividend Yield |
|---|---|---|
| Banks | 11.3% | 17.0% |
| Finance | 10.8% | 1.5% |
| It - Software | 0.0% | 9.6% |
| Power | 1.5% | 9.6% |
| Auto Components | 7.9% | 0.0% |
| Petroleum Products | 0.5% | 6.3% |
| Construction | 5.6% | 3.1% |
| Electrical Equipment | 5.2% | 1.6% |
| IT - Software | 4.9% | 0.0% |
| Oil | 0.0% | 4.3% |
| Automobiles | 1.4% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
JM Value vs Sundaram Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Value Fund | Sundaram Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.59% | 1.27% |
| Base expense ratio (Direct) | 1.04% | 1.01% |
| Total expense ratio (Regular) | 2.75% | 2.43% |
| Base expense ratio (Regular) | 2.04% | 2.03% |
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 Value with
JM Value Fund vs Sundaram Dividend Yield Fund: Frequently Asked Questions
What is the difference between JM Value Fund and Sundaram Dividend Yield Fund?
JM Value Fund is a Value and Contra fund, Sundaram Dividend Yield Fund is a Dividend Yield fund, run by JM Financial Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 23.5%. JM Value Fund charges 1.59% a year and Sundaram Dividend Yield Fund 1.27%.
Which has given higher returns, JM Value Fund or Sundaram Dividend Yield Fund?
Over 1 year: JM Value Fund −9.64%, Sundaram Dividend Yield Fund −9.22%. Over 3 years: JM Value Fund +9.77% a year, Sundaram Dividend Yield Fund +9.25% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM Value Fund or Sundaram Dividend Yield Fund?
Sundaram Dividend Yield Fund charges less: 1.27% a year against 1.59%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Value Fund and Sundaram Dividend Yield Fund overlap?
23.5%. They hold 14 of the same securities, the largest shared ones being ICICIBANK, TECHM, INFY. From each fund's latest monthly portfolio.
Which is better for SIP, JM Value Fund or Sundaram Dividend Yield Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,62,166 in JM Value Fund (XIRR -1.4% a year) and ₹3,64,698 in Sundaram Dividend Yield Fund (XIRR -0.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both JM Value Fund and Sundaram Dividend Yield Fund?
Yes. 23.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.