JM Value Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹91.2751 | +0.84% | -5.98% | +16.94% | +16.60% |
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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does JM Value Fund hold?
JM Value Fund holds 58 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.31% of NAV.
What is the largest holding in JM Value Fund?
The largest position in JM Value Fund is Godfrey Phillips India Limited, accounting for 4.22% of NAV in the Cigarettes & Tobacco Products sector.
Is JM Value Fund a concentrated or diversified fund?
With a Gini coefficient of 0.321, JM Value Fund is well-diversified. The HHI concentration index is 20,886 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.31% of the portfolio.
What is the market cap allocation of JM Value Fund?
Based on SEBI's AMFI classification, JM Value Fund's equity portfolio is split as: Large Cap: 40.01%, Mid Cap: 14.05%, Small Cap: 40.93%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does JM Value Fund invest in most?
JM Value Fund has the highest allocation to Finance (13.50%), Banks (12.95%), IT - Software (5.86%). The fund is invested across 28 sectors in total.
How actively managed is JM Value Fund compared to other Value Fund funds?
JM Value Fund has an Active Share of 72.80%, classifying it as "Highly Differentiated" among 19 Value Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in JM Value Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, JM Value Fund added 3 new stocks (including Kajaria Ceramics Limited) and exited 2 stocks (including Vedanta Limited). Total holding count increased from 59 to 60 stocks.