Multi AssetDirect and Regular plans, Growth and IDCW options
Data as on 30-10-2026
JM Multi Asset Allocation Fund is a Multi Asset fund run by JM Financial Mutual Fund. On 30-09-2026, it managed ₹167 Cr of investors' money.
NAV on 30-10-2026: Direct Plan Growth ₹9.75 (down 0.70% that day); Regular Plan Growth ₹9.70 (down 0.71% that day).
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Period | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| This fund (Direct) | −3.19% | −3.00% | -- | -- | -- | -- | -- |
| This fund (Regular) | −3.33% | −3.41% | -- | -- | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | -- | -- | -- | -- | -- |
| Best in Multi Asset | +0.22% | +1.02% | -- | -- | -- | -- | -- |
| Worst in Multi Asset | −3.85% | −5.28% | -- | -- | -- | -- | -- |
| Rank in Multi Asset | 33/37 | 10/36 | -- | -- | -- | -- | -- |
Category rows compare the Direct plans of 37 Multi Asset funds. Rank 1 is the highest return. This fund's benchmark is 55% Nifty 500 + 30% CRISIL Short term bond Index + 10% Domestic Price of Gold + 5% Domestic Price of silver. Returns of that index are not available to us, so the category average is the comparison.
The five Multi Asset funds with the best three year return, and this fund. Direct plans.
| Fund name | Rank | AUM (Cr) | Exp. ratio | 1Y return | 3Y return | 3Y alpha | 3Y beta | 3Y Sharpe | 3Y Sortino | |
|---|---|---|---|---|---|---|---|---|---|---|
| Quant Multi Asset Allocation Fund | 1/15 | 6,608 | 1.13% | +8.36% | +21.56% | -- | -- | 1.37 | 1.95 | Compare |
| Nippon India Multi Asset Allocation Fund | 2/15 | 18,044 | 0.48% | +3.05% | +17.96% | -- | -- | 1.19 | 1.63 | Compare |
| DSP Multi Asset Allocation Fund | 3/15 | 10,820 | 0.62% | +4.15% | +17.30% | -- | -- | 1.32 | 1.84 | Compare |
| Kotak Multi Asset Allocation Fund | 4/15 | 15,236 | 0.63% | +4.34% | +16.23% | -- | -- | 0.83 | 1.11 | Compare |
| WhiteOak Capital Multi Asset Allocation Fund | 5/15 | 9,111 | 0.65% | +6.03% | +16.11% | -- | -- | 1.76 | 2.50 | Compare |
| JM Multi Asset Allocation Fund | -- | 167 | 1.05% | -- | -- | -- | -- | -- | -- |
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
What each plan charges a year, in force from 07-10-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Multi Asset median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.40% | 0.18% | 0.02% | 0.45% | 1.05% | 0.85% | 29/37 |
| Regular | 1.82% | 0.18% | 0.02% | 0.71% | 2.73% | 2.15% | 33/37 |
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Multi Asset funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Asset allocation as on 30-09-2026
49.3%Equity
| Asset | Fund | Category |
|---|---|---|
| Equity | 49.3% | 58.2% |
| Debt | 29.0% | 16.2% |
| Cash and others | 21.7% | 25.6% |
| Market cap | Fund | Category |
|---|---|---|
| Large Cap | 17.0% | 35.1% |
| Mid Cap | 10.5% | 11.8% |
| Small Cap | 16.1% | 9.3% |
| Not on AMFI's list | 5.8% | 1.1% |
Share of the whole fund. Category: the average of the Multi Asset funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Bonds and money market papers by credit rating, % of the fund. Category: the average of 37 Multi Asset funds.
| Rating | Fund | Category |
|---|---|---|
| Sovereign | 13.5% | 5.3% |
| AAA and A1+ | 11.8% | 8.2% |
| AA | 3.6% | 2.4% |
Sector allocation of the fund's stocks as on 30-09-2026
Banks6.1%
Electrical Equipment3.8%
Auto Components3.7%
Finance3.3%
Capital Markets3.2%
Consumer Durables3.1%
Retailing3.0%
Chemicals & Petrochemicals3.0%
Financial Technology (Fintech)2.1%
Construction1.9%
The ten largest of 22 sectors. The other 12 add up to 16.2%.
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Banks | 7.4% | 6.6% | 6.1% | −1.3% |
| Electrical Equipment | 3.8% | 3.8% | 3.8% | 0.0% |
| Auto Components | 3.0% | 3.7% | 3.7% | +0.7% |
| Finance | 4.3% | 3.8% | 3.3% | −1.0% |
| Capital Markets | 2.9% | 3.4% | 3.2% | +0.3% |
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
As on 30-09-2026 · 53 holdings · from the fund house's monthly portfolio
| Holdings | Sector / Rating | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| Tata Gold Exchange Traded Fund | 6.84% | |||
| DSP Mutual Fund - DSP Gold ETF | 4.35% | |||
| 8.75% Piramal Finance Ltd 29-OCT-2027 · Bond | ICRA AA+ | 2.99% | ||
| 7.23% Power Finance Corporation Limited 05-JAN-2027 · Bond | CRISIL AAA | 2.99% | ||
| Bank of Baroda 11-DEC-2026 · Certificate of deposit | CARE A1+ | 2.96% | ||
| Axis Bank Limited 16-DEC-2026 | CRISIL A1+ | 2.95% | ||
| 182 Days Treasury Bill 14-Jan-2027 · Government security | SOVEREIGN | 2.94% | ||
| 6.94% GOI 11-May-2036 · Government security | SOVEREIGN | 2.94% | ||
| 6.36% GOI 16-Feb-2031 · Government security | SOVEREIGN | 2.93% | ||
| 6.85% NABARD 19-JAN-2029 · Bond | ICRA AAA | 2.93% | ||
| 6.68% GOI 27-Jan-2033 · Government security | SOVEREIGN | 2.92% | ||
| Ujjivan Small Finance Bank Limited | Banks | 2.35% | 0.0% | |
| One 97 Communications Limited | Financial Technology (Fintech) | 2.07% | 0.0% | |
| HDFC Bank Limited | Banks | 1.91% | 0.0% | |
| Larsen & Toubro Limited | Construction | 1.89% | 0.0% | |
| Rentomojo Limited | Commercial Services & Supplies | 1.89% | New | |
| IDFC First Bank Limited | Banks | 1.86% | 0.0% | |
| Bajaj Finance Limited | Finance | 1.84% | 0.0% | |
| Manipal Health Enterprises Limited | Healthcare Services | 1.80% | −50.0% | |
| 182 Days Treasury Bill 05-Nov-2026 · Government security | SOVEREIGN | 1.79% | ||
| Adani Port & Special Economic Zone Ltd | Transport Infrastructure | 1.68% | 0.0% | |
| Amber Enterprises India Limited | Consumer Durables | 1.67% | 0.0% | |
| Zerodha Gold ETF | 1.66% | |||
| Eternal Limited | Retailing | 1.63% | 0.0% | |
| Aditya Birla Sun Life Silver ETF | 1.57% | |||
| Eicher Motors Limited | Automobiles | 1.51% | 0.0% | |
| Titan Company Limited | Consumer Durables | 1.47% | 0.0% | |
| Diamond Power Infrastructure Limited | Electrical Equipment | 1.46% | 0.0% | |
| Shriram Finance Limited | Finance | 1.42% | 0.0% | |
| Samvardhana Motherson International Ltd | Auto Components | 1.41% | 0.0% | |
| GRAPHITE INDIA LTD | Industrial Products | 1.37% | New | |
| Aditya Vision Ltd | Retailing | 1.34% | 0.0% | |
| Premier Energies Limited | Electrical Equipment | 1.33% | 0.0% | |
| One Source Specialty Pharma Ltd | Pharmaceuticals & Biotechnology | 1.33% | 0.0% | |
| Honasa Consumer Limited | Personal Products | 1.32% | 0.0% | |
| Endurance Technologies Limited | Auto Components | 1.16% | +46.0% | |
| Billionbrains Garage Ventures Ltd. | Capital Markets | 1.14% | 0.0% | |
| CEAT Limited | Auto Components | 1.11% | 0.0% | |
| InterGlobe Aviation Limited | Transport Services | 1.10% | 0.0% | |
| GRAVITA INDIA LIMITED | Minerals & Mining | 1.08% | +79.3% | |
| DSP Mutual Fund - DSP Silver ETF | 1.07% | |||
| Navin Fluorine International Limited | Chemicals & Petrochemicals | 1.07% | +32.0% | |
| The Indian Hotels Company Limited | Leisure Services | 1.07% | 0.0% | |
| Horizon Industrial Parks Limited | Realty | 1.05% | 0.0% | |
| Gaja Alternative AMC Limited | Capital Markets | 1.05% | 0.0% | |
| VOLTAMP TRANSFORMERS LTD | Electrical Equipment | 1.03% | +81.7% | |
| Nippon Life India Asset Management Ltd | Capital Markets | 1.02% | +28.6% | |
| JSW Energy Limited | Power | 1.02% | +30.2% | |
| Linde India Limited | Chemicals & Petrochemicals | 0.96% | 0.0% | |
| Tatva Chintan Pharma Chem Limited | Chemicals & Petrochemicals | 0.93% | +40.4% | |
| Brookfield India Real Estate Trust | 0.88% | |||
| Embassy Office Parks REIT | 0.73% | |||
| 9.61% 360 ONE Prime Limited 18-JAN-2027 · Bond | CARE AA | 0.60% |
All changes are between August 2026 and September 2026
| Manipal Health Enterprises Limited | Reduced | −50.0% | 1.80% |
|---|---|---|---|
| Coforge Limited | Sold out | −100% | was 2.42% |
| Rentomojo Limited | New | New | 1.89% |
| GRAPHITE INDIA LTD | New | New | 1.37% |
| Endurance Technologies Limited | Added | +46.0% | 1.16% |
| GRAVITA INDIA LIMITED | Added | +79.3% | 1.08% |
| Navin Fluorine International Limited | Added | +32.0% | 1.07% |
| VOLTAMP TRANSFORMERS LTD | Added | +81.7% | 1.03% |
| Nippon Life India Asset Management Ltd | Added | +28.6% | 1.02% |
| JSW Energy Limited | Added | +30.2% | 1.02% |
| Tatva Chintan Pharma Chem Limited | Added | +40.4% | 0.93% |
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| JM Focused FundFocused · JM Financial | 35.3% | 24 | Compare |
| JM Flexi Cap FundFlexi Cap · JM Financial | 22.8% | 19 | Compare |
| JM Aggressive Hybrid FundAggressive Hybrid · JM Financial | 21.4% | 14 | Compare |
| JM Large & Mid Cap FundLarge & Mid Cap · JM Financial | 20.5% | 15 | Compare |
| JM Large Cap FundLarge Cap · JM Financial | 19.5% | 13 | Compare |
| Helios Flexi Cap FundFlexi Cap · Helios | 18.5% | 13 | Compare |
| Helios Large & Mid Cap FundLarge & Mid Cap · Helios | 18.4% | 13 | Compare |
| TRUSTMF Flexi Cap FundFlexi Cap · Trust | 17.1% | 13 | Compare |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Fund facts from the scheme summary document, as on 16-10-2026
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
| Plan | Option | NAV | As on |
|---|---|---|---|
| direct | Growth | ₹9.7467 | 30-10-2026 |
| direct | IDCW | ₹9.7467 | 30-10-2026 |
| regular | Growth | ₹9.6977 | 30-10-2026 |
| regular | IDCW | ₹9.6977 | 30-10-2026 |
JM Multi Asset Allocation Fund is a mutual fund from JM Financial Mutual Fund. Its category is Multi Asset. It was launched on 15-07-2026. Its benchmark is 55% Nifty 500 + 30% CRISIL Short term bond Index + 10% Domestic Price of Gold + 5% Domestic Price of silver. At the end of September 2026 it held 53 securities.
Asit Bhandarkar
Fund manager of JM Multi Asset Allocation Fund, since 15-07-2026
Deepak Gupta
Fund manager of JM Multi Asset Allocation Fund, since 15-07-2026
Killol Pandya
Fund manager of JM Multi Asset Allocation Fund, since 15-07-2026
Satish Ramanathan
Fund manager of JM Multi Asset Allocation Fund, since 15-07-2026
See all funds of JM Financial Mutual Fund
AUM moves with money invested or taken out, and with the value of what the fund holds.
Returns, risk, costs and the stocks they share, side by side
The Direct plan NAV is ₹9.7467. The Regular plan NAV is ₹9.6977, as on 30-10-2026.
The Direct plan charges 1.05% a year. The Regular plan charges 2.73% a year. This is the figure the fund house reported to AMFI, in force from 07-10-2026.
JM Multi Asset Allocation Fund managed ₹167.15 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were TATAGOLD (6.84%), GOLDADD (4.35%), 8.75% Piramal Finance Ltd 29-OCT-2027 (2.99%), 7.23% Power Finance Corporation Limited 05-JAN-2027 (2.99%), Bank of Baroda 11-DEC-2026 (2.96%). The fund held 53 securities in all.
It bought 2 new stocks: Rentomojo Limited, GRAPHITE INDIA LTD. It sold out of 1: Coforge Limited. It added shares in 7. It reduced 1.
Through JM Financial Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Asit Bhandarkar (since 15-07-2026), Deepak Gupta (since 15-07-2026), Killol Pandya (since 15-07-2026), Satish Ramanathan (since 15-07-2026).
In respect of each purchase/ switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 60 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 60 days from the date of allotment.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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