JM Focused Fund
JM Financial Mutual Fund·Focused Fund·vs Nifty 500 TRI
JM Focused Fund is positioned for domestically-driven growth, with a pronounced tilt toward financials and consumer discretionary sectors that benefit from rising incomes and credit penetration. The manager's recent moves—adding retail-linked plays like Trent while trimming telecom and large-cap banking—suggest conviction in mid-tier consumption and specialty finance over mega-cap stability. At nearly 46% in the top 10 holdings, concentration risk is meaningful, though the 30-stock limit signals a quality-over-breadth investment philosophy.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹18.9281 | +1.91% | -4.44% | -7.02% | -0.98% | +15.14% | +13.89% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
28
Top 5 Weight
25.52%
Top 10 Weight
45.85%
Active Share
—
Large Cap
54.13%
Gini
0.160
What Changed2026-03-31 → 2026-04-30
Holdings: 30 → 30+2 added−2 removed19 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Trent Limited | 3.04% |
| Shriram Finance Limited | 2.68% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Ujjivan Small Finance Bank Limited INE551W01018 | 5.70% |
| 2 | Larsen & Toubro Limited INE018A01030 | 5.24% |
| 3 | Amber Enterprises India Limited INE371P01015 | 5.18% |
| 4 | ITC Limited INE154A01025 | 4.73% |
| 5 | Bajaj Finance Limited INE296A01032 | 4.67% |
| 6 | One 97 Communications Limited INE982J01020 | 4.11% |
| 7 | One Source Specialty Pharma Ltd INE013P01021 | 4.08% |
| 8 | Titan Company Limited INE280A01028 | 4.08% |
| 9 | Eternal Limited INE758T01015 | 4.06% |
| 10 | IDFC First Bank Limited INE092T01019 | 3.98% |
| 11 | Eicher Motors Limited INE066A01021 | 3.94% |
| 12 | Adani Port & Special Economic Zone Ltd INE742F01042 | 3.79% |
| 13 | Premier Energies Limited INE0BS701011 | 3.64% |
| 14 | Tata Steel Limited INE081A01020 | 3.33% |
| 15 | JSW Energy Limited INE121E01018 | 3.15% |
| 16 | Max Healthcare Institute Limited INE027H01010 | 3.14% |
| 17 | MphasiS Limited INE356A01018 | 3.13% |
| 18 | Trent Limited INE849A01020 | 3.04% |
| 19 | Nippon Life India Asset Management Ltd INE298J01013 | 2.98% |
| 20 | Hindustan Aeronautics Limited INE066F01020 | 2.95% |
Sector Allocation
Banks12.4%
Consumer Durables9.3%
Finance7.4%
Retailing7.1%
Automobiles5.8%
IT - Software5.7%
Construction5.2%
Diversified FMCG4.7%
Financial Technology (Fintech)4.1%
Pharmaceuticals & Biotechnology4.1%
Top 10 sectors by % to NAV. Excludes derivatives.