JM Flexi Cap Fund
JM Financial Mutual Fund·Flexi Cap Fund·vs Nifty 500 TRI
JM Flexicap is tilted toward financial services and quality consumption, with banks alone representing over 18 percent of the portfolio. The manager's recent activity—trimming Reliance significantly while adding quality names like Asian Paints and Bajaj Finance—suggests conviction in defensive, stable-earnings plays over commodity-linked exposure. The 83-stock structure with modest top-10 concentration indicates a balanced approach avoiding extreme sector bets.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹93.0874 | +3.67% | -1.37% | -5.24% | -2.68% | +17.94% | +17.23% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
81
Top 5 Weight
15.32%
Top 10 Weight
26.61%
Active Share
—
Large Cap
60.56%
Gini
0.345
What Changed2026-03-31 → 2026-04-30
Holdings: 80 → 83+9 added−6 removed38 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Asian Paints Limited | 1.20% |
| Bajaj Finance Limited | 1.07% |
| Bosch Limited | 1.06% |
| Trent Limited | 0.93% |
| Hindustan Petroleum Corporation Limited | 0.79% |
| Adani Power Limited | 0.66% |
| Navin Fluorine International Limited | 0.34% |
| GE Vernova T&D India Limited | 0.22% |
| Elecon Engineering Company Limited | 0.15% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 3.56% |
| 2 | HDFC Bank Limited INE040A01034 | 3.44% |
| 3 | Godfrey Phillips India Limited INE260B01028 | 3.04% |
| 4 | NTPC Limited INE733E01010 | 2.66% |
| 5 | Dr. Reddy's Laboratories Limited INE089A01031 | 2.62% |
| 6 | Larsen & Toubro Limited INE018A01030 | 2.47% |
| 7 | State Bank of India INE062A01020 | 2.31% |
| 8 | Arvind Limited INE034A01011 | 2.20% |
| 9 | One 97 Communications Limited INE982J01020 | 2.15% |
| 10 | Apollo Hospitals Enterprise Limited INE437A01024 | 2.15% |
| 11 | Coal India Limited INE522F01014 | 2.14% |
| 12 | Maruti Suzuki India Limited INE585B01010 | 2.11% |
| 13 | Bharti Airtel Limited INE397D01024 | 1.97% |
| 14 | Bharat Heavy Electricals Limited INE257A01026 | 1.96% |
| 15 | Oil & Natural Gas Corporation Limited INE213A01029 | 1.91% |
| 16 | Reliance Industries Limited INE002A01018 | 1.89% |
| 17 | Axis Bank Limited INE238A01034 | 1.87% |
| 18 | Shriram Finance Limited INE721A01047 | 1.86% |
| 19 | Bharat Forge Limited INE465A01025 | 1.81% |
| 20 | Hero MotoCorp Limited INE158A01026 | 1.77% |
Sector Allocation
Banks18.4%
Pharmaceuticals & Biotechnology5.4%
Power4.8%
Consumer Durables4.7%
Auto Components4.6%
Automobiles4.5%
Electrical Equipment4.2%
Finance4.1%
IT - Software3.9%
Capital Markets3.9%
Top 10 sectors by % to NAV. Excludes derivatives.