What stocks does JM Flexicap Fund (Direct) hold?

JM Flexicap Fund (Direct) holds a portfolio of Indian equity stocks disclosed monthly by JM Financial Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages JM Flexicap Fund (Direct)?

JM Flexicap Fund (Direct) is managed by JM Financial Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is JM Flexicap Fund (Direct)?

JM Flexicap Fund (Direct) is classified as a Flexi Cap mutual fund under SEBI's mutual fund categorisation framework.

How often is JM Flexicap Fund (Direct) portfolio data updated?

Portfolio holdings for JM Flexicap Fund (Direct) are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← JM Financial Mutual Fund

JM Flexicap Fund (Direct) - Growth Option

Flexi Cap Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹4,972.42 Cr

Equity only, excl. debt & cash

Top 5 Weight

17.9%

Diversified

Top 10 Weight

28.6%

Diversified

Changes

8 new · 5 exits

Top Sector

Banks

19.9% of portfolio

📋 What Happened This Month JM Flexicap Fund (Direct) made 8 new additions and exited 5 stocks this month. The biggest new buy was Tata Motors Passenger Vehicles Limited (Automobiles) at 0.79% weight. Hitachi Energy India Limited was the biggest exit (Electrical Equipment), which was held at 1.00%. Among existing holdings, HDFC Bank Limited saw the biggest increase — now at 5.07% of the portfolio. Dr. Reddy's Laboratories Limited was trimmed the most, now at 1.54%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 19.9%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · JM Flexicap Fund (Direct) - Growth Option

+2.85%

+14.49%

+0.96%

+0.66%

Latest NAV

₹111.98

24 Jun 2026

52W High

₹119.37

-6% from High

52W Low

₹95.64

+17% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

-5.7%

2024

+35.3%

2023

+41.6%

2022

+8.7%

2021

+34.0%

2020

+12.3%

2019

+17.5%

2018

-4.6%

2017

+41.0%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

20.8%

+ve in 79% windows

79.7% / -22.4%

3Y Rolling Avg

19.7% p.a.

+ve in 99% windows

35.0% / -2.3%

5Y Rolling Avg

20.3% p.a.

+ve in 100% windows

33.5% / 10.4%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-20.8%

Rec: not yet

COVID-19 Crash

-34.8%

Rec: Nov 2020 (1yr)

2022 Rate Hike

-17.9%

Rec: Sep 2022 (4 mo)

2018 IL&FS

-16.9%

Rec: Sep 2019 (1yr 4mo)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.89

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.21

Penalises downside volatility only.

Std Deviation (3Y)

15.6%

Lower = more consistent returns.

NAV Chart ₹111.98 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

JM Flexicap Fund (Direct) - Growth Option

Chart shows indexed performance (base = 100). Actual NAV: ₹111.98

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	18.8%	18.4%	▼ -0.4%
Pharmaceuticals & Biotechnology	6.1%	5.4%	▼ -0.7%
Power	3.7%	4.8%	▲ +1.2%
Consumer Durables	3.3%	4.7%	▲ +1.4%
Auto Components	3.3%	4.6%	▲ +1.4%
Automobiles	5.2%	4.5%	▼ -0.7%
Electrical Equipment	3.8%	4.2%	▲ +0.4%
Finance	3.6%	4.1%	▲ +0.4%
IT - Software	5.4%	3.9%	▼ -1.5%
Capital Markets	3.7%	3.9%	▲ +0.2%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	18.4%	19.9%	▲ +1.5%
Automobiles	4.5%	5.2%	▲ +0.7%
Pharmaceuticals & Biotechnology	5.4%	4.8%	▼ -0.6%
Auto Components	4.6%	4.8%	▲ +0.2%
Electrical Equipment	4.2%	4.1%	▼ -0.2%
Capital Markets	3.9%	4.0%	▲ +0.2%
Consumer Durables	4.7%	4.0%	▼ -0.8%
Finance	4.1%	3.9%	▼ -0.2%
IT - Software	3.9%	3.7%	▼ -0.2%
Cigarettes & Tobacco Products	3.0%	3.1%	● +0.0%

🟢

Biggest New Buy

Tata Motors Passenger Vehicles Limited

0.79% weight · Automobiles

🔴

Biggest Exit

Hitachi Energy India Limited

1.00% was held · Electrical Equipment

↑

Biggest Add

HDFC Bank Limited

+1.63% · now 5.07%

↓

Biggest Trim

Dr. Reddy's Laboratories Limited

-1.08% · now 1.54%

🤝 Other funds also bought this month

Tata Motors Passenger Vehicles Limited 30 funds

Sun Pharmaceutical Industries Limited 29 funds

Adani Enterprises Limited 21 funds

Schneider Electric Infrastructure Limited 14 funds

Manappuram Finance Limited 12 funds

Titagarh Rail Systems Limited 10 funds

👋 Other funds also exited

Tata Consultancy Services Limited 21 funds

JSW Energy Limited 7 funds

Hitachi Energy India Limited 6 funds

Adani Power Limited 4 funds

Northern Arc Capital Ltd 2 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 8 New Entries 🔴 5 Exits ↑ 32 Increased ↓ 40 Decreased

#	Stock	Sector	Weight (May 2026)
1	Tata Motors Passenger Vehicles Limited ₹40.18 Cr	Automobiles	0.79%
2	Adani Enterprises Limited ₹29.37 Cr	Metals & Minerals Trading	0.58%
3	Manappuram Finance Limited ₹26.61 Cr	Finance	0.52%
4	Sun Pharmaceutical Industries Limited ₹24.29 Cr	Pharmaceuticals & Biotechnology	0.48%
5	Titagarh Rail Systems Limited ₹19.32 Cr	Industrial Manufacturing	0.38%
6	Schneider Electric Infrastructure Limited ₹14.66 Cr	Electrical Equipment	0.29%
7	Neogen Chemicals Limited ₹5.73 Cr	Chemicals & Petrochemicals	0.11%
8	Shaily Engineering Plastics Ltd ₹2.09 Cr	Industrial Products	0.04%

#	Stock	Sector	Last Weight (Apr 2026)
1	Hitachi Energy India Limited ₹50.33 Cr	Electrical Equipment	1.00%
2	Tata Consultancy Services Limited ₹35.46 Cr	IT - Software	0.70%
3	Adani Power Limited ₹33.28 Cr	Power	0.66%
4	JSW Energy Limited ₹22.45 Cr	Power	0.45%
5	Northern Arc Capital Ltd ₹8.45 Cr	Finance	0.17%

#	Stock	Sector	Apr 2026	May 2026	Change
1	HDFC Bank Limited ₹256.87 Cr	Banks	3.44%	5.07%	+1.63%
2	ICICI Bank Limited ₹222.39 Cr	Banks	3.56%	4.39%	+0.83%
3	Garware Hi-Tech Films Ltd ₹107.63 Cr	Industrial Products	1.40%	2.12%	+0.72%
4	Infosys Limited ₹98.07 Cr	IT - Software	1.39%	1.93%	+0.54%
5	Arvind Limited ₹131.65 Cr	Textiles & Apparels	2.20%	2.60%	+0.40%
6	Larsen & Toubro Limited ₹141.60 Cr	Construction	2.47%	2.79%	+0.32%
7	Samvardhana Motherson International Limited ₹66.04 Cr	Auto Components	1.02%	1.30%	+0.28%
8	Elecon Engineering Company Limited ₹20.71 Cr	Electrical Equipment	0.15%	0.41%	+0.26%
9	Bandhan Bank Limited ₹52.08 Cr	Banks	0.79%	1.03%	+0.24%
10	Emmvee Photovoltaic Power Ltd ₹54.81 Cr	Electrical Equipment	0.88%	1.08%	+0.20%
11	GE Vernova T&D India Limited ₹19.40 Cr	Electrical Equipment	0.22%	0.38%	+0.16%
12	Billionbrains Garage Ventures Ltd ₹31.26 Cr	Capital Markets	0.47%	0.62%	+0.15%
13	Bharti Airtel Limited ₹105.84 Cr	Telecom - Services	1.97%	2.09%	+0.12%
14	Adani Ports and Special Economic Zone Limited ₹72.64 Cr	Transport Infrastructure	1.32%	1.43%	+0.11%
15	360 One WAM Limited ₹58.55 Cr	Capital Markets	1.09%	1.16%	+0.07%
16	Shadowfax Technologies Ltd. ₹25.44 Cr	Transport Services	0.43%	0.50%	+0.07%
17	Onesource Specialty Pharma Limited ₹37.59 Cr	Pharmaceuticals & Biotechnology	0.68%	0.74%	+0.06%
18	CarTrade Tech Limited ₹21.37 Cr	Retailing	0.36%	0.42%	+0.06%
19	Restaurant Brands Asia Limited ₹73.09 Cr	Leisure Services	1.39%	1.44%	+0.05%
20	Equitas Small Finance Bank Limited ₹46.92 Cr	Banks	0.89%	0.93%	+0.04%
21	One 97 Communications Limited ₹110.74 Cr	Financial Technology (Fintech)	2.15%	2.18%	+0.03%
22	Divi's Laboratories Limited ₹83.12 Cr	Pharmaceuticals & Biotechnology	1.61%	1.64%	+0.03%
23	Sona BLW Precision Forgings Limited ₹37.97 Cr	Auto Components	0.72%	0.75%	+0.03%
24	Aarti Industries Limited ₹22.86 Cr	Chemicals & Petrochemicals	0.42%	0.45%	+0.03%
25	Godfrey Phillips India Limited ₹155.23 Cr	Cigarettes & Tobacco Products	3.04%	3.06%	+0.02%
26	IDFC First Bank Limited ₹63.00 Cr	Banks	1.22%	1.24%	+0.02%
27	Shriram Finance Limited ₹94.72 Cr	Finance	1.86%	1.87%	+0.01%
28	Bosch Limited ₹54.33 Cr	Auto Components	1.06%	1.07%	+0.01%
29	Eternal Limited ₹50.16 Cr	Retailing	0.98%	0.99%	+0.01%
30	Trent Limited ₹47.73 Cr	Retailing	0.93%	0.94%	+0.01%
31	Eicher Motors Limited ₹32.30 Cr	Automobiles	0.63%	0.64%	+0.01%
32	Navin Fluorine International Limited ₹17.82 Cr	Chemicals & Petrochemicals	0.34%	0.35%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Dr. Reddy's Laboratories Limited ₹78.21 Cr	Pharmaceuticals & Biotechnology	2.62%	1.54%	-1.08%
2	Coal India Limited ₹64.11 Cr	Consumable Fuels	2.14%	1.26%	-0.88%
3	Punjab National Bank ₹58.33 Cr	Banks	1.71%	1.15%	-0.56%
4	Amber Enterprises India Limited ₹53.30 Cr	Consumer Durables	1.59%	1.05%	-0.54%
5	NTPC Limited ₹110.43 Cr	Power	2.66%	2.18%	-0.48%
6	Power Finance Corporation Limited ₹26.00 Cr	Finance	0.98%	0.51%	-0.47%
7	ITC Limited ₹43.04 Cr	Diversified FMCG	1.31%	0.85%	-0.46%
8	Oil & Natural Gas Corporation Limited ₹76.79 Cr	Oil	1.91%	1.51%	-0.40%
9	Apollo Hospitals Enterprise Limited ₹91.44 Cr	Healthcare Services	2.15%	1.80%	-0.35%
10	Axis Bank Limited ₹77.20 Cr	Banks	1.87%	1.52%	-0.35%
11	State Bank of India ₹105.14 Cr	Banks	2.31%	2.07%	-0.24%
12	Tata Steel Limited ₹35.36 Cr	Ferrous Metals	0.92%	0.70%	-0.22%
13	Power Grid Corporation of India Limited ₹43.61 Cr	Power	1.07%	0.86%	-0.21%
14	The Great Eastern Shipping Company Limited ₹38.95 Cr	Transport Services	0.94%	0.77%	-0.17%
15	Reliance Industries Limited ₹87.86 Cr	Petroleum Products	1.89%	1.73%	-0.16%
16	Shipping Corporation Of India Limited ₹38.09 Cr	Transport Services	0.91%	0.75%	-0.16%
17	Asian Paints Limited ₹53.43 Cr	Consumer Durables	1.20%	1.05%	-0.15%
18	Bharat Forge Limited ₹85.14 Cr	Auto Components	1.81%	1.68%	-0.13%
19	UltraTech Cement Limited ₹57.61 Cr	Cement & Cement Products	1.27%	1.14%	-0.13%
20	Hindalco Industries Limited ₹79.31 Cr	Non - Ferrous Metals	1.66%	1.56%	-0.10%
21	Tata Motors Ltd ₹60.88 Cr	Agricultural, Commercial & Construction Vehicles	1.30%	1.20%	-0.10%
22	Hero MotoCorp Limited ₹85.80 Cr	Automobiles	1.77%	1.69%	-0.08%
23	Bharat Heavy Electricals Limited ₹95.85 Cr	Electrical Equipment	1.96%	1.89%	-0.07%
24	LG Electronics India Ltd ₹69.22 Cr	Consumer Durables	1.44%	1.37%	-0.07%
25	Ujjivan Small Finance Bank Limited ₹67.82 Cr	Banks	1.41%	1.34%	-0.07%
26	Hindustan Petroleum Corporation Limited ₹36.94 Cr	Petroleum Products	0.79%	0.73%	-0.06%
27	Coromandel International Limited ₹22.38 Cr	Fertilizers & Agrochemicals	0.50%	0.44%	-0.06%
28	Cohance Lifesciences Limited ₹21.58 Cr	Pharmaceuticals & Biotechnology	0.48%	0.43%	-0.05%
29	Maruti Suzuki India Limited ₹105.02 Cr	Automobiles	2.11%	2.07%	-0.04%
30	Bajaj Finance Limited ₹52.40 Cr	Finance	1.07%	1.03%	-0.04%
31	Petronet LNG Limited ₹23.28 Cr	Gas	0.49%	0.46%	-0.03%
32	SUBROS LIMITED ₹18.74 Cr	Industrial Products	0.40%	0.37%	-0.03%
33	Newgen Software Technologies Limited ₹10.34 Cr	IT - Software	0.23%	0.20%	-0.03%
34	Multi Commodity Exchange of India Limited ₹66.63 Cr	Capital Markets	1.33%	1.31%	-0.02%
35	ICRA Limited ₹48.24 Cr	Capital Markets	0.97%	0.95%	-0.02%
36	Clean Science and Technology Limited ₹27.97 Cr	Chemicals & Petrochemicals	0.57%	0.55%	-0.02%
37	The India Cements Limited ₹15.82 Cr	Cement & Cement Products	0.33%	0.31%	-0.02%
38	Kotak Mahindra Bank Limited ₹59.55 Cr	Banks	1.18%	1.17%	-0.01%
39	ICICI Prudential Life Insurance Company Limited ₹19.37 Cr	Insurance	0.39%	0.38%	-0.01%
40	OPTIEMUS INFRACOM LIMITED ₹16.12 Cr	Telecom - Equipment & Accessories	0.33%	0.32%	-0.01%

What Stocks Does This Fund Hold?

83 stocks — May 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹256.87 Cr	Banks	5.07%
2	ICICI Bank Limited ₹222.39 Cr	Banks	4.39%
3	Godfrey Phillips India Limited ₹155.23 Cr	Cigarettes & Tobacco Products	3.06%
4	Larsen & Toubro Limited ₹141.60 Cr	Construction	2.79%
5	Arvind Limited ₹131.65 Cr	Textiles & Apparels	2.60%
6	One 97 Communications Limited ₹110.74 Cr	Financial Technology (Fintech)	2.18%
7	NTPC Limited ₹110.43 Cr	Power	2.18%
8	Garware Hi-Tech Films Ltd ₹107.63 Cr	Industrial Products	2.12%
9	Bharti Airtel Limited ₹105.84 Cr	Telecom - Services	2.09%
10	State Bank of India ₹105.14 Cr	Banks	2.07%
11	Maruti Suzuki India Limited ₹105.02 Cr	Automobiles	2.07%
12	Infosys Limited ₹98.07 Cr	IT - Software	1.93%
13	Bharat Heavy Electricals Limited ₹95.85 Cr	Electrical Equipment	1.89%
14	Shriram Finance Limited ₹94.72 Cr	Finance	1.87%
15	Apollo Hospitals Enterprise Limited ₹91.44 Cr	Healthcare Services	1.80%
16	Reliance Industries Limited ₹87.86 Cr	Petroleum Products	1.73%
17	Hero MotoCorp Limited ₹85.80 Cr	Automobiles	1.69%
18	Bharat Forge Limited ₹85.14 Cr	Auto Components	1.68%
19	Divi's Laboratories Limited ₹83.12 Cr	Pharmaceuticals & Biotechnology	1.64%
20	Tech Mahindra Limited ₹80.18 Cr	IT - Software	1.58%
21	Hindalco Industries Limited ₹79.31 Cr	Non - Ferrous Metals	1.56%
22	Dr. Reddy's Laboratories Limited ₹78.21 Cr	Pharmaceuticals & Biotechnology	1.54%
23	Axis Bank Limited ₹77.20 Cr	Banks	1.52%
24	Oil & Natural Gas Corporation Limited ₹76.79 Cr	Oil	1.51%
25	Restaurant Brands Asia Limited ₹73.09 Cr	Leisure Services	1.44%
26	Adani Ports and Special Economic Zone Limited ₹72.64 Cr	Transport Infrastructure	1.43%
27	LG Electronics India Ltd ₹69.22 Cr	Consumer Durables	1.37%
28	Ujjivan Small Finance Bank Limited ₹67.82 Cr	Banks	1.34%
29	Multi Commodity Exchange of India Limited ₹66.63 Cr	Capital Markets	1.31%
30	Samvardhana Motherson International Limited ₹66.04 Cr	Auto Components	1.30%
31	Star Health And Allied Insurance Company Limited ₹64.04 Cr	Insurance	1.26%
32	Coal India Limited ₹64.11 Cr	Consumable Fuels	1.26%
33	IDFC First Bank Limited ₹63.00 Cr	Banks	1.24%
34	Tata Motors Ltd ₹60.88 Cr	Agricultural, Commercial & Construction Vehicles	1.20%
35	Kotak Mahindra Bank Limited ₹59.55 Cr	Banks	1.17%
36	360 One WAM Limited ₹58.55 Cr	Capital Markets	1.16%
37	Punjab National Bank ₹58.33 Cr	Banks	1.15%
38	UltraTech Cement Limited ₹57.61 Cr	Cement & Cement Products	1.14%
39	Emmvee Photovoltaic Power Ltd ₹54.81 Cr	Electrical Equipment	1.08%
40	Bosch Limited ₹54.33 Cr	Auto Components	1.07%
41	Amber Enterprises India Limited ₹53.30 Cr	Consumer Durables	1.05%
42	Asian Paints Limited ₹53.43 Cr	Consumer Durables	1.05%
43	Bajaj Finance Limited ₹52.40 Cr	Finance	1.03%
44	Bandhan Bank Limited ₹52.08 Cr	Banks	1.03%
45	Eternal Limited ₹50.16 Cr	Retailing	0.99%
46	ICRA Limited ₹48.24 Cr	Capital Markets	0.95%
47	Trent Limited ₹47.73 Cr	Retailing	0.94%
48	Equitas Small Finance Bank Limited ₹46.92 Cr	Banks	0.93%
49	Power Grid Corporation of India Limited ₹43.61 Cr	Power	0.86%
50	ITC Limited ₹43.04 Cr	Diversified FMCG	0.85%
51	Tata Motors Passenger Vehicles Limited ₹40.18 Cr	Automobiles	0.79%
52	The Great Eastern Shipping Company Limited ₹38.95 Cr	Transport Services	0.77%
53	Sona BLW Precision Forgings Limited ₹37.97 Cr	Auto Components	0.75%
54	Shipping Corporation Of India Limited ₹38.09 Cr	Transport Services	0.75%
55	Onesource Specialty Pharma Limited ₹37.59 Cr	Pharmaceuticals & Biotechnology	0.74%
56	Hindustan Petroleum Corporation Limited ₹36.94 Cr	Petroleum Products	0.73%
57	Tata Steel Limited ₹35.36 Cr	Ferrous Metals	0.70%
58	Eicher Motors Limited ₹32.30 Cr	Automobiles	0.64%
59	Billionbrains Garage Ventures Ltd ₹31.26 Cr	Capital Markets	0.62%
60	Adani Enterprises Limited ₹29.37 Cr	Metals & Minerals Trading	0.58%
61	Clean Science and Technology Limited ₹27.97 Cr	Chemicals & Petrochemicals	0.55%
62	Manappuram Finance Limited ₹26.61 Cr	Finance	0.52%
63	Power Finance Corporation Limited ₹26.00 Cr	Finance	0.51%
64	Shadowfax Technologies Ltd. ₹25.44 Cr	Transport Services	0.50%
65	Bosch Home Comfort India Limited ₹24.75 Cr	Consumer Durables	0.49%
66	Sun Pharmaceutical Industries Limited ₹24.29 Cr	Pharmaceuticals & Biotechnology	0.48%
67	Petronet LNG Limited ₹23.28 Cr	Gas	0.46%
68	Aarti Industries Limited ₹22.86 Cr	Chemicals & Petrochemicals	0.45%
69	Coromandel International Limited ₹22.38 Cr	Fertilizers & Agrochemicals	0.44%
70	Cohance Lifesciences Limited ₹21.58 Cr	Pharmaceuticals & Biotechnology	0.43%
71	CarTrade Tech Limited ₹21.37 Cr	Retailing	0.42%
72	Elecon Engineering Company Limited ₹20.71 Cr	Electrical Equipment	0.41%
73	ICICI Prudential Life Insurance Company Limited ₹19.37 Cr	Insurance	0.38%
74	Titagarh Rail Systems Limited ₹19.32 Cr	Industrial Manufacturing	0.38%
75	GE Vernova T&D India Limited ₹19.40 Cr	Electrical Equipment	0.38%
76	SUBROS LIMITED ₹18.74 Cr	Industrial Products	0.37%
77	Navin Fluorine International Limited ₹17.82 Cr	Chemicals & Petrochemicals	0.35%
78	OPTIEMUS INFRACOM LIMITED ₹16.12 Cr	Telecom - Equipment & Accessories	0.32%
79	The India Cements Limited ₹15.82 Cr	Cement & Cement Products	0.31%
80	Schneider Electric Infrastructure Limited ₹14.66 Cr	Electrical Equipment	0.29%
81	Newgen Software Technologies Limited ₹10.34 Cr	IT - Software	0.20%
82	Neogen Chemicals Limited ₹5.73 Cr	Chemicals & Petrochemicals	0.11%
83	Shaily Engineering Plastics Ltd ₹2.09 Cr	Industrial Products	0.04%