JM Aggressive Hybrid Fund
JM Financial Mutual Fund·Aggressive Hybrid Fund·vs Nifty 500 TRI
The fund maintains an aggressive equity tilt while preserving defensive ballast through sovereign bonds and cash. The manager trimmed fixed income positions and rotated out of commodity and financial stress plays, signaling conviction in select quality names—strategic additions of JSW Steel, Kotak, and Asian Paints suggest a pivot toward consumer and infrastructure resilience. Concentration remains moderate with top-10 holdings near 30%, balancing sector diversification across banking, IT, and industrials.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹114.1922 | +0.99% | -3.05% | -6.40% | -2.14% | +16.11% | +13.84% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
72
Top 5 Weight
16.53%
Top 10 Weight
29.29%
Active Share
—
Large Cap
46.70%
Gini
0.363
What Changed2026-03-31 → 2026-04-30
Holdings: 76 → 74+5 added−7 removed29 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| JSW Steel Limited | 1.80% |
| Kotak Mahindra Bank Limited | 1.37% |
| Asian Paints Limited | 0.98% |
| LTIMindtree Ltd | 0.85% |
| Marico Limited | 0.76% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | 6.48% GOI 06-Oct-2035 IN0020250091 | 3.47% |
| 2 | Multi Commodity Exchange of India Ltd. INE745G01043 | 3.46% |
| 3 | Net Receivable/Payable nan | 3.34% |
| 4 | Bharti Airtel Limited INE397D01024 | 3.33% |
| 5 | Bajaj Finance Limited INE296A01032 | 3.14% |
| 6 | HDFC Bank Limited INE040A01034 | 3.14% |
| 7 | NTPC Limited INE733E01010 | 2.93% |
| 8 | Reliance Industries Limited INE002A01018 | 2.71% |
| 9 | One 97 Communications Limited INE982J01020 | 2.45% |
| 10 | Tech Mahindra Limited INE669C01036 | 2.37% |
| 11 | Larsen & Toubro Limited INE018A01030 | 2.29% |
| 12 | Ujjivan Small Finance Bank Limited INE551W01018 | 2.12% |
| 13 | Eternal Limited INE758T01015 | 2.11% |
| 14 | Apollo Hospitals Enterprise Limited INE437A01024 | 2.03% |
| 15 | Maruti Suzuki India Limited INE585B01010 | 1.99% |
| 16 | Coforge Limited INE591G01025 | 1.98% |
| 17 | Canara Bank INE476A01022 | 1.98% |
| 18 | 6.01% GOI 21-Jul-2030 IN0020250067 | 1.92% |
| 19 | JSW Steel Limited INE019A01038 | 1.80% |
| 20 | ICICI Bank Limited INE090A01021 | 1.80% |
Sector Allocation
Banks12.2%
SOVEREIGN8.1%
Automobiles5.2%
IT - Software5.2%
Capital Markets4.9%
nan4.6%
CRISIL A1+4.5%
Finance4.1%
Healthcare Services3.6%
Telecom - Services3.3%
Top 10 sectors by % to NAV. Excludes derivatives.