JM Value Fund
JM Financial Mutual Fund·Value Fund·vs Nifty 500 TRI
The fund is positioned as a defensive value play with heavy financials exposure (26.45% combined in finance and banks), betting on undervalued lending and insurance plays amid market volatility. Recent additions of Kajaria Ceramics and Hindustan Zinc suggest the manager is opportunistically rotating toward overlooked cyclical assets while trimming higher-beta financial holdings like IndusInd Bank, signaling selective conviction rather than across-the-board sector rotation. The 4.8% cash buffer indicates readiness to deploy into further opportunities.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹90.7566 | +3.17% | -2.65% | -6.87% | -4.91% | +17.08% | +16.47% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
58
Top 5 Weight
18.31%
Top 10 Weight
33.20%
Active Share
—
Large Cap
40.01%
Gini
0.321
What Changed2026-03-31 → 2026-04-30
Holdings: 59 → 60+3 added−2 removed42 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Kajaria Ceramics Limited | 1.00% |
| Hindustan Zinc Limited | 0.67% |
| Hindustan Petroleum Corporation Limited | 0.45% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Godfrey Phillips India Limited INE260B01028 | 4.22% |
| 2 | Shriram Finance Limited INE721A01047 | 3.97% |
| 3 | Larsen & Toubro Limited INE018A01030 | 3.43% |
| 4 | Dr. Reddy's Laboratories Limited INE089A01031 | 3.43% |
| 5 | Canara Bank INE476A01022 | 3.26% |
| 6 | HDFC Bank Limited INE040A01034 | 3.08% |
| 7 | Restaurant Brands Asia Limited INE07T201019 | 3.08% |
| 8 | Jana Small Finance Bank Ltd INE953L01027 | 3.05% |
| 9 | Hero MotoCorp Limited INE158A01026 | 2.87% |
| 10 | Infosys Limited INE009A01021 | 2.79% |
| 11 | Net Receivable/Payable nan | 2.77% |
| 12 | REC Limited INE020B01018 | 2.66% |
| 13 | Tata Motors Limited INE1TAE01010 | 2.34% |
| 14 | Bharti Airtel Limited INE397D01024 | 2.29% |
| 15 | Whirlpool of India Limited INE716A01013 | 2.10% |
| 16 | Creditaccess Grameen Limited INE741K01010 | 2.08% |
| 17 | Hindalco Industries Limited INE038A01020 | 2.05% |
| 18 | CCIL nan | 1.99% |
| 19 | NTPC Limited INE733E01010 | 1.96% |
| 20 | Housing and Urban Development Corp. Ltd. INE031A01017 | 1.95% |
Sector Allocation
Finance13.5%
Banks12.9%
IT - Software5.9%
Pharmaceuticals & Biotechnology4.9%
nan4.8%
Consumer Durables4.7%
Construction4.7%
Leisure Services4.5%
Cigarettes & Tobacco Products4.2%
Power3.9%
Top 10 sectors by % to NAV. Excludes derivatives.