JM Small Cap Fund

JM Financial Mutual Fund·Small Cap Fund·vs Nifty Smallcap 250 TRI

The fund maintains a diversified small-cap approach with meaningful overweights in consumer durables, pharma, and financial services—sectors offering growth potential despite broader valuation pressures. The manager's conviction shows through selective additions in consumer electricals and infrastructure plays while trimming its chemicals exposure, signalling a tactical shift toward more defensible consumption and capex-linked themes. The concentrated top-10 position (33%) alongside 73 holdings suggests confidence in specific quality names without abandoning diversification.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹10.1846	+13.06%	+8.32%	-1.19%	+6.84%	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

18.81%

Top 10 Weight

33.02%

Active Share

—

Large Cap

0.00%

Gini

0.338

What Changed2026-03-31 → 2026-04-30

Holdings: 68 → 73+6 added−1 removed39 weight shifts ≥ 0.1%

Stock	Sector	Weight
GRAVITA INDIA LIMITED	Minerals & Mining	0.96%
Crompton Greaves Consumer Electrical Ltd	Consumer Durables	0.80%
POWER MECH PROJECTS LIMITED	Construction	0.73%
Angel One Limited	Capital Markets	0.73%
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD.	Electrical Equipment	0.71%
BELRISE INDUSTRIES LIMITED	Auto Components	0.51%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Garware Hi-Tech Films Ltd INE291A01017	Industrial Products	EQUITY	4.75%
2	Godfrey Phillips India Limited INE260B01028	Cigarettes & Tobacco Products	EQUITY	4.15%
3	Acutaas Chemicals Limited INE00FF01025	Pharmaceuticals & Biotechnology	EQUITY	3.71%
4	Navin Fluorine International Limited INE048G01026	Chemicals & Petrochemicals	EQUITY	3.12%
5	TD Power Systems Limited INE419M01027	Electrical Equipment	EQUITY	3.06%
6	Jana Small Finance Bank Ltd INE953L01027	Banks	EQUITY	3.06%
7	One Source Specialty Pharma Ltd INE013P01021	Pharmaceuticals & Biotechnology	EQUITY	3.03%
8	Shaily Engineering Plastics Limited INE151G01028	Consumer Durables	EQUITY	2.82%
9	Amber Enterprises India Limited INE371P01015	Consumer Durables	EQUITY	2.72%
10	Creditaccess Grameen Limited INE741K01010	Finance	EQUITY	2.58%
11	Restaurant Brands Asia Limited INE07T201019	Leisure Services	EQUITY	2.51%
12	Multi Commodity Exchange of India Ltd. INE745G01043	Capital Markets	EQUITY	2.50%
13	The Jammu & Kashmir Bank Limited INE168A01041	Banks	EQUITY	2.38%
14	FIVE-STAR BUSINESS FINANCE LIMITED INE128S01021	Finance	EQUITY	2.15%
15	Thangamayil Jewellery Limited INE085J01014	Consumer Durables	EQUITY	1.76%
16	City Union Bank Limited INE491A01021	Banks	EQUITY	1.75%
17	Krishna Institute of Medical Science Ltd INE967H01025	Healthcare Services	EQUITY	1.65%
18	AVALON TECHNOLOGIES LIMITED INE0LCL01028	Electrical Equipment	EQUITY	1.64%
19	Fusion Finance Limited INE139R01012	Finance	EQUITY	1.58%
20	Carraro India Ltd INE0V7W01012	Auto Components	EQUITY	1.57%

Sector Allocation

Consumer Durables9.2%

Pharmaceuticals & Biotechnology9.1%

Banks8.4%

Industrial Products8.3%

Finance7.8%

Electrical Equipment7.3%

Auto Components5.9%

Leisure Services5.2%

Capital Markets5.0%

Cigarettes & Tobacco Products4.2%

Top 10 sectors by % to NAV. Excludes derivatives.