JM Midcap Fund
The fund is positioned for quality midcap exposure with a balanced but slightly defensive tilt, favoring stable dividend payers like FMCG, pharma, and financials over high-growth segments. The manager added cyclical infrastructure and materials plays while trimming a high-flying pharma stock, suggesting conviction in valuation-driven picks over momentum-driven bets. The minimal cash holding and measured top-10 concentration indicate confidence in core holdings rather than tactical repositioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹19.5784 | +5.26% | +5.76% | +23.37% | — |
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 |
|---|---|
| APAR INDUSTRIES LTD | 0.72% |
| National Aluminium Company Limited | 0.62% |
| Multi Commodity Exchange of India Ltd. | 0.51% |
| Thermax Limited | 0.50% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Godfrey Phillips India Limited INE260B01028 | 3.72% |
| 2 | Bharat Forge Limited INE465A01025 | 3.56% |
| 3 | TUBE INVESTMENTS OF INDIA LTD INE974X01010 | 3.30% |
| 4 | Marico Limited INE196A01026 | 3.04% |
| 5 | Glenmark Pharmaceuticals Limited INE935A01035 | 3.03% |
| 6 | JK Cement Limited INE823G01014 | 2.84% |
| 7 | Bank of Maharashtra INE457A01014 | 2.81% |
| 8 | Indian Bank INE562A01011 | 2.71% |
| 9 | BSE Ltd INE118H01025 | 2.66% |
| 10 | Cummins India Limited INE298A01020 | 2.58% |
| 11 | Acutaas Chemicals Limited INE00FF01025 | 2.46% |
| 12 | Jindal Steel Limited INE749A01030 | 2.44% |
| 13 | AVALON TECHNOLOGIES LIMITED INE0LCL01028 | 2.35% |
| 14 | Arvind Limited INE034A01011 | 2.31% |
| 15 | Hero MotoCorp Limited INE158A01026 | 2.13% |
| 16 | SRF Limited INE647A01010 | 2.13% |
| 17 | Coforge Limited INE591G01025 | 1.96% |
| 18 | Poonawalla Fincorp Limited INE511C01022 | 1.95% |
| 19 | IDFC First Bank Limited INE092T01019 | 1.89% |
| 20 | Motilal Oswal Financial Services INE338I01027 | 1.81% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does JM Midcap Fund hold?
JM Midcap Fund holds 63 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 16.64% of NAV.
What is the largest holding in JM Midcap Fund?
The largest position in JM Midcap Fund is Godfrey Phillips India Limited, accounting for 3.72% of NAV in the Cigarettes & Tobacco Products sector.
Is JM Midcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.288, JM Midcap Fund is well-diversified. The HHI concentration index is 19,857 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 16.64% of the portfolio.
What is the market cap allocation of JM Midcap Fund?
Based on SEBI's AMFI classification, JM Midcap Fund's equity portfolio is split as: Large Cap: 4.71%, Mid Cap: 69.83%, Small Cap: 24.30%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does JM Midcap Fund invest in most?
JM Midcap Fund has the highest allocation to Pharmaceuticals & Biotechnology (12.29%), Banks (10.28%), Electrical Equipment (7.99%). The fund is invested across 29 sectors in total.
How actively managed is JM Midcap Fund compared to other Mid Cap Fund funds?
JM Midcap Fund has an Active Share of 67.65%, classifying it as "Active Stock Picker" among 30 Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in JM Midcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, JM Midcap Fund added 4 new stocks (including APAR INDUSTRIES LTD) and exited 1 stock (including Bharti Hexacom Limited). Total holding count increased from 62 to 65 stocks.