MonitorDirect · GrowthWatch before adding
JM Focused Fund
JM Financial Mutual FundEquity Schemes - Focused Fund13.8 years
The objective of the fund is to generate returns by investing predominantly in a concentrated portfolio of equity and equity related securities. The 'concentrated portfolio' will comprise of not more than 11 stocks with each stock being invested to the extent of 9.09% of the NAV of the scheme.
- NAV
- 22.5549
- 29 Oct 2026
- 1Y
- -7.4%
- Trailing CAGR
- AUM
- ₹273.81 Cr
- 30 Sept 2026
- Volatility
- High
- 19.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Fits if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Canara Robeco Focused Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.25% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -37.4%. Ask whether you can hold through a similar fall.
Vs category
Watch
55% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Deepak Gupta · 1.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 43.8% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 37%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-7.4%
- 3Y+11.4%
- 5Y+10.9%
- 10Y+11.9%
- SI+13.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-3.0%
- 3Y+1.7%
- 5Y+9.9%
- 10Y+12.1%
- Since inception
- +13.5%
- Calendar-day CAGR
- Excess 1Y
- -0.8%
- Category median, same plan and option
- 3Y win rate
- +55%
- Windows beating the median
- 3Y percentile
- 33
- Vs comparable share classes
- SIP 3Y XIRR
- +1.7%
- Simulated monthly SIP
- Worst rolling 3Y
- -4.6%
- 2653 daily-ending windows
- Median rolling 3Y
- +16.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2160 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -37.4%
- Worst peak-to-trough
- Current
- -9.2%
- Below last peak
- Current spell
- 69 days
- Days below latest peak
- Time below peak
- +91%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 18 days
- 124 recovered episodes
- Longest recovery
- 266 days
- Trough to prior peak
19 Feb 2020 – 14 Dec 2020
Trough 23 Mar 2020 · recovered in 266 days
-37.4%
15 Jan 2013 – 7 Mar 2014
Trough 28 Aug 2013 · recovered in 191 days
-27.5%
5 Aug 2015 – 30 Jun 2016
Trough 25 Feb 2016 · recovered in 126 days
-26.7%
28 Aug 2018 – 1 Apr 2019
Trough 23 Oct 2018 · recovered in 160 days
-20.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
33
Vs category
45
Consistency
53
Risk-adjusted
48
Drawdown
7
Mean
37
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 29 holdings · top 10 are 43.8%.
- Top 5
- 23.3%
- Top 10
- 43.8%
- Largest holding
- 5.1%
- Effective holdings
- 26.9
Ujjivan Small Finance Bank Ltd
Financial
5.1%
Bajaj Finance Ltd
Financial
4.6%
One 97 Communications Ltd
Industrials
4.6%
Honasa Consumer Ltd.
Consumer Staples
4.5%
Larsen & Toubro Ltd
Industrials
4.5%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Canara Robeco Focused Fund
Canara Robeco Mutual Fund
- 1Y
- -8.3%
- 3Y
- +12.8%
- Vol
- 13.4%
- Max DD
- -18.1%
- Sharpe
- 0.61
- 3Y win
- +71%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Invesco India Focused Fund
Invesco Mutual Fund
- 1Y
- +3.0%
- 3Y
- +21.2%
- Vol
- 15.2%
- Max DD
- -22.0%
- Sharpe
- 0.96
- 3Y win
- +96%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mahindra Manulife Focused Fund
Mahindra Manulife Mutual Fund
- 1Y
- -8.3%
- 3Y
- +12.7%
- Vol
- 14.2%
- Max DD
- -16.5%
- Sharpe
- 0.88
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HSBC Focused Fund
HSBC Mutual Fund
- 1Y
- +1.2%
- 3Y
- +13.8%
- Vol
- 15.7%
- Max DD
- -21.2%
- Sharpe
- 0.77
- 3Y win
- +29%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
ICICI Prudential Focused Fund
ICICI Prudential Mutual Fund
- 1Y
- -4.8%
- 3Y
- +16.9%
- Vol
- 15.1%
- Max DD
- -34.1%
- Sharpe
- 0.63
- 3Y win
- +47%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns