JM Flexi Cap Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹93.8817 | +2.12% | -3.50% | +17.97% | +17.43% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does JM Flexi Cap Fund hold?
JM Flexi Cap Fund holds 81 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 15.32% of NAV.
What is the largest holding in JM Flexi Cap Fund?
The largest position in JM Flexi Cap Fund is ICICI Bank Limited, accounting for 3.56% of NAV in the Banks sector.
Is JM Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.345, JM Flexi Cap Fund is well-diversified. The HHI concentration index is 16,921 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 15.32% of the portfolio.
What is the market cap allocation of JM Flexi Cap Fund?
Based on SEBI's AMFI classification, JM Flexi Cap Fund's equity portfolio is split as: Large Cap: 60.56%, Mid Cap: 15.57%, Small Cap: 20.27%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does JM Flexi Cap Fund invest in most?
JM Flexi Cap Fund has the highest allocation to Banks (18.38%), Pharmaceuticals & Biotechnology (5.39%), Power (4.83%). The fund is invested across 35 sectors in total.
How actively managed is JM Flexi Cap Fund compared to other Flexi Cap Fund funds?
JM Flexi Cap Fund has an Active Share of 58.97%, classifying it as "Active Stock Picker" among 41 Flexi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in JM Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, JM Flexi Cap Fund added 9 new stocks (including Asian Paints Limited) and exited 6 stocks (including Vedanta Limited). Total holding count increased from 80 to 83 stocks.