JM Small Cap Fund (Regular) - Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Generated +6.8% annualized alpha (excess return) over its benchmark.
- Downside capture of 128% indicates larger drops during broader market downturns.
- Expense ratio (2.56%) is higher than category median (2.17%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +0.48% | +1.11% | -0.63% |
| 3 Months | -1.67% | -1.13% | -0.54% |
| 6 Months | +8.98% | +7.86% | +1.12% |
| 1 Year | +11.50% | +11.28% | +0.22% |
| Since Inception | +5.40% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +16.97% | +13.95% | +3.02% |
| 2025 | -8.40% | -3.98% | -4.42% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -13.07% | +2.62% | +2.15% | +21.17% | 59.9% | 46.2% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-09-24 | 2026-03-23 | -25.9% | 18 months | 3 months |
| 2026-09-23 | 2026-10-23 | -12.0% | 1 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity & Equity related instruments^ of small cap companies$ | 65%-100%, Equity and equity related instruments^ of other than small cap companies - 0%-35%, Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds*- 0%-35%. $Small Cap companies are those companies which are classified as small cap companies by Securities and Exchange Board of India (SEBI) or Association of Mutual Funds in India (AMFI) in terms of market capitalisation. Small Cap Companies as defined by SEBI: 251st company onwards in terms of full market capitalization. *Any other security as may be permitted by SEBI/ RBI from time to time. Other Liquid instruments includes cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI. The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund. ^The AMC intends to invest in derivative instruments in accordance with the SEBI (Mutual Funds) Regulations, 2026, as and when opportunities arise in the derivatives markets. The investment in derivatives will not exceed 50% of the net assets of the scheme and will be broadly in line with the investment objective of the Scheme. |
Investment Objective & Strategy
The primary objective of the Scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies, as defined by SEBI. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 916 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as small relative to Small Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Small Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| BAJAJ FINSERV SMALL CAP FUND | 4.8 | - | 2.38% | 91.0% | Rs 2,875 cr | Compare → |
| Mirae Asset Small Cap Fund | 3.2 | - | - | 89.8% | Rs 6,049 cr | Compare → |
| Motilal Oswal Small Cap Fund | 6.4 | - | 1.91% | 100.0% | Rs 8,735 cr | Compare → |
| TRUSTMF SMALL CAP FUND | 6.6 | - | 2.83% | 76.9% | Rs 4,215 cr | Compare → |
| Tata Small Cap Fund | 3.7 | +8.21% | 1.69% | 90.7% | Rs 12,684 cr | Compare → |
Frequently Asked Questions about JM Small Cap Fund
What is the expense ratio of JM Small Cap Fund?
JM Small Cap Fund has a total expense ratio (TER) of 2.56% with a base expense ratio of 1.95%, compared to the Small Cap category median of 2.17%.
Who manages JM Small Cap Fund?
JM Small Cap Fund is managed by Asit Bhandarkar (tenure: 2.4 years since 2024-06-18).
What are the historical returns of JM Small Cap Fund?
JM Small Cap Fund has a 1-year return of +11.50%.
How large is JM Small Cap Fund?
JM Small Cap Fund manages assets of Rs 916 cr, placing it in the 'small' size band relative to Small Cap peers.
How is JM Small Cap Fund scored on MFIQ?
JM Small Cap Fund holds an MFIQ Score of 3.5/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is JM Small Cap Fund?
JM Small Cap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 21.13% with a maximum historical drawdown of -25.88%.