JM Small Cap Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹10.1856 | +8.71% | +5.69% | — | — |
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 |
|---|---|
| GRAVITA INDIA LIMITED | 0.96% |
| Crompton Greaves Consumer Electrical Ltd | 0.80% |
| POWER MECH PROJECTS LIMITED | 0.73% |
| Angel One Limited | 0.73% |
| SCHNEIDER ELECTRIC INFRASTRUCTURE LTD. | 0.71% |
| BELRISE INDUSTRIES LIMITED | 0.51% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Garware Hi-Tech Films Ltd INE291A01017 | 4.75% |
| 2 | Godfrey Phillips India Limited INE260B01028 | 4.15% |
| 3 | Acutaas Chemicals Limited INE00FF01025 | 3.71% |
| 4 | Navin Fluorine International Limited INE048G01026 | 3.12% |
| 5 | TD Power Systems Limited INE419M01027 | 3.06% |
| 6 | Jana Small Finance Bank Ltd INE953L01027 | 3.06% |
| 7 | One Source Specialty Pharma Ltd INE013P01021 | 3.03% |
| 8 | Shaily Engineering Plastics Limited INE151G01028 | 2.82% |
| 9 | Amber Enterprises India Limited INE371P01015 | 2.72% |
| 10 | Creditaccess Grameen Limited INE741K01010 | 2.58% |
| 11 | Restaurant Brands Asia Limited INE07T201019 | 2.51% |
| 12 | Multi Commodity Exchange of India Ltd. INE745G01043 | 2.50% |
| 13 | The Jammu & Kashmir Bank Limited INE168A01041 | 2.38% |
| 14 | FIVE-STAR BUSINESS FINANCE LIMITED INE128S01021 | 2.15% |
| 15 | Thangamayil Jewellery Limited INE085J01014 | 1.76% |
| 16 | City Union Bank Limited INE491A01021 | 1.75% |
| 17 | Krishna Institute of Medical Science Ltd INE967H01025 | 1.65% |
| 18 | AVALON TECHNOLOGIES LIMITED INE0LCL01028 | 1.64% |
| 19 | Fusion Finance Limited INE139R01012 | 1.58% |
| 20 | Carraro India Ltd INE0V7W01012 | 1.57% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does JM Small Cap Fund hold?
JM Small Cap Fund holds 71 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.81% of NAV.
What is the largest holding in JM Small Cap Fund?
The largest position in JM Small Cap Fund is Garware Hi-Tech Films Ltd, accounting for 4.75% of NAV in the Industrial Products sector.
Is JM Small Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.338, JM Small Cap Fund is well-diversified. The HHI concentration index is 19,981 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.81% of the portfolio.
What is the market cap allocation of JM Small Cap Fund?
Based on SEBI's AMFI classification, JM Small Cap Fund's equity portfolio is split as: Large Cap: 0.00%, Mid Cap: 5.28%, Small Cap: 90.59%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does JM Small Cap Fund invest in most?
JM Small Cap Fund has the highest allocation to Consumer Durables (9.17%), Pharmaceuticals & Biotechnology (9.12%), Banks (8.38%). The fund is invested across 27 sectors in total.
How actively managed is JM Small Cap Fund compared to other Small Cap Fund funds?
JM Small Cap Fund has an Active Share of 81.05%, classifying it as "Highly Differentiated" among 31 Small Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in JM Small Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, JM Small Cap Fund added 6 new stocks (including GRAVITA INDIA LIMITED) and exited 1 stock (including Central Depository Services (India) Ltd.). Total holding count increased from 68 to 73 stocks.