JM Focused Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹19.1059 | +0.08% | -1.23% | +15.36% | +14.11% |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does JM Focused Fund hold?
JM Focused Fund holds 28 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 25.52% of NAV.
What is the largest holding in JM Focused Fund?
The largest position in JM Focused Fund is Ujjivan Small Finance Bank Limited, accounting for 5.70% of NAV in the Banks sector.
Is JM Focused Fund a concentrated or diversified fund?
With a Gini coefficient of 0.160, JM Focused Fund is well-diversified. The HHI concentration index is 37,100 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 25.52% of the portfolio.
What is the market cap allocation of JM Focused Fund?
Based on SEBI's AMFI classification, JM Focused Fund's equity portfolio is split as: Large Cap: 54.13%, Mid Cap: 26.29%, Small Cap: 17.61%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does JM Focused Fund invest in most?
JM Focused Fund has the highest allocation to Banks (12.44%), Consumer Durables (9.26%), Finance (7.36%). The fund is invested across 21 sectors in total.
How actively managed is JM Focused Fund compared to other Focused Fund funds?
JM Focused Fund has an Active Share of 75.91%, classifying it as "Highly Differentiated" among 27 Focused Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in JM Focused Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, JM Focused Fund added 2 new stocks (including Trent Limited) and exited 2 stocks (including Cholamandalam Invest & Finance Co Ltd). Total holding count remained at 30 stocks.