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JM Flexicap Fund (Direct) - Growth Option

Flexi Cap Data as of Apr 2026 Comparing Mar 2026 → Apr 2026
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Stocks Held
80
Apr 2026
Equity Holdings
₹5,007.79 Cr
Equity only, excl. debt & cash
Top 5 Weight
15.3%
Diversified
Top 10 Weight
26.6%
Diversified
Changes
84
9 new · 6 exits
Top Sector
Banks
18.4% of portfolio
📋 What Happened This Month JM Flexicap Fund (Direct) made 9 new additions and exited 6 stocks this month. The biggest new buy was Asian Paints Limited (Consumer Durables) at 1.20% weight. Vedanta Limited was the biggest exit (Diversified Metals), which was held at 1.24%. Among existing holdings, Power Grid Corporation of India Limited saw the biggest increase — now at 1.07% of the portfolio. Reliance Industries Limited was trimmed the most, now at 1.89%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 18.4%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Feb 2026 Mar 2026
Sector Prev Curr Delta
Banks 21.5% 18.8% -2.7%
Pharmaceuticals & Biotechnology 5.5% 6.1% +0.6%
IT - Software 5.5% 5.4% -0.1%
Automobiles 5.6% 5.2% -0.4%
Electrical Equipment 3.2% 3.8% +0.6%
Capital Markets 3.8% 3.7% -0.1%
Power 1.6% 3.7% +2.0%
Finance 4.0% 3.6% -0.3%
Petroleum Products 2.7% 3.6% +0.9%
Consumer Durables 3.2% 3.3% +0.1%
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%
🟢
Biggest New Buy
Asian Paints Limited
1.20% weight · Consumer Durables
🔴
Biggest Exit
Vedanta Limited
1.24% was held · Diversified Metals
Biggest Add
Power Grid Corporation of India Limited
+0.41% · now 1.07%
Biggest Trim
Reliance Industries Limited
-1.69% · now 1.89%
🤝 Other funds also bought this month
Bajaj Finance Limited 64 funds
Bajaj Finance Limited
ICICI Prudential Nifty Financial Services Ex-BaNk ETF
Mirae Asset Nifty Financial Services ETF
ICICI Prudential Nifty Top 15 Equal Weight ETF + more
Asian Paints Limited 53 funds
Asian Paints Limited
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND - Direct Plan Growth
ICICI Prudential Nifty 200 Momentum 30 ETF
Bandhan Nifty200 Momentum 30 Index Fund + more
Trent Limited 53 funds
Trent Limited
Mirae Asset Great Consumer Fund
Invesco India Large & Mid Cap Fund - Direct Plan - Growth
Mirae Asset Nifty India New Age Consumption ETF + more
Adani Power Limited 32 funds
Adani Power Limited
quant Quantamental Fund
ICICI Prudential Nifty Commodities ETF
Tata Nifty Next 50 Index Fund - Direct Plan Growth Option + more
Hindustan Petroleum Corporation Limited 31 funds
Hindustan Petroleum Corporation Limited
ICICI Prudential Commodities Fund - Direct Plan - Growth Option
Invesco India PSU Equity Fund
ICICI Prudential MidCap Fund - Direct Plan - Growth + more
Bosch Limited 28 funds
Bosch Limited
HDFC Transportation and Logistics Fund
Mirae Asset Nifty EV and New Age Automotive ETF
ICICI Prudential Nifty EV & New Age Automotive ETF + more
👋 Other funds also exited
Vedanta Limited 72 funds
Vedanta Limited
SBI Quant Fund- Direct Plan- Growth
UTI Nifty Next 50 Index Fund - Direct Plan - Growth Option
Bandhan Nifty Next 50 Index Fund - Direct Plan - Growth + more
Cummins India Limited 30 funds
Cummins India Limited
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF
ICICI Prudential MNC Fund - Direct Plan - Growth Option
ICICI Prudential BSE Midcap Select ETF + more
Mahindra & Mahindra Limited 29 funds
Mahindra & Mahindra Limited
ICICI Prudential Nifty Auto Index Fund - Direct Plan - Growth
ICICI Prudential Nifty 200 Momentum 30 ETF
ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth + more
Varun Beverages Limited 13 funds
Varun Beverages Limited
ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth
UTI Nifty Next 50 Index Fund - Direct Plan - Growth Option
Bandhan Nifty Next 50 Index Fund - Direct Plan - Growth + more
Mahindra & Mahindra Financial Services Limited 11 funds
Mahindra & Mahindra Financial Services Limited
Sundaram Large and Midcap Fund Direct Plan - Growth
Axis Quant Fund - Direct Plan - Growth
JM Large & Mid Cap Fund (Direct) - Growth Option + more
Devyani International Limited 10 funds
Devyani International Limited
BAJAJ FINSERV SMALL CAP FUND - DIRECT - GROWTH
BAJAJ FINSERV MULTI CAP FUND - DIRECT - GROWTH
Sundaram Value Fund Direct Plan - Growth + more

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 Apr 2026
🟢 9 New Entries 🔴 6 Exits ↑ 38 Increased ↓ 31 Decreased
#StockSectorWeight (Apr 2026)
1
Asian Paints Limited
₹60.38 Cr
Consumer Durables 1.20%
2
Bajaj Finance Limited
₹54.05 Cr
Finance 1.07%
3
Bosch Limited
₹53.40 Cr
Auto Components 1.06%
4
Trent Limited
₹46.83 Cr
Retailing 0.93%
5
Hindustan Petroleum Corporation Limited
₹40.07 Cr
Petroleum Products 0.79%
6
Adani Power Limited
₹33.28 Cr
Power 0.66%
7
Navin Fluorine International Limited
₹17.05 Cr
Chemicals & Petrochemicals 0.34%
8
GE Vernova T&D India Limited
₹11.17 Cr
Electrical Equipment 0.22%
9
Elecon Engineering Company Limited
₹7.41 Cr
Electrical Equipment 0.15%
#StockSectorLast Weight (Mar 2026)
1
Vedanta Limited
₹55.66 Cr
Diversified Metals 1.24%
2
Mahindra & Mahindra Financial Services Limited
₹42.21 Cr
Finance 0.94%
3
Varun Beverages Limited
₹20.02 Cr
Beverages 0.44%
4
Mahindra & Mahindra Limited
₹17.94 Cr
Automobiles 0.40%
5
Devyani International Limited
₹17.26 L
Leisure Services 0.00%
6
Cummins India Limited
₹0.05 L
Industrial Products 0.00%
#StockSectorMar 2026Apr 2026Change
1
Power Grid Corporation of India Limited
₹53.83 Cr
Power 0.66% 1.07% +0.41%
2
Bandhan Bank Limited
₹39.94 Cr
Banks 0.39% 0.79% +0.40%
3
Oil & Natural Gas Corporation Limited
₹96.13 Cr
Oil 1.52% 1.91% +0.39%
4
Bharat Heavy Electricals Limited
₹98.67 Cr
Electrical Equipment 1.61% 1.96% +0.35%
5
One 97 Communications Limited
₹108.46 Cr
Financial Technology (Fintech) 1.81% 2.15% +0.34%
6
Shriram Finance Limited
₹93.74 Cr
Finance 1.55% 1.86% +0.31%
7
Tata Steel Limited
₹46.50 Cr
Ferrous Metals 0.68% 0.92% +0.24%
8
Samvardhana Motherson International Limited
₹51.29 Cr
Auto Components 0.82% 1.02% +0.20%
9
Shipping Corporation Of India Limited
₹45.76 Cr
Transport Services 0.73% 0.91% +0.18%
10
Aarti Industries Limited
₹21.10 Cr
Chemicals & Petrochemicals 0.24% 0.42% +0.18%
#StockSectorMar 2026Apr 2026Change
1
Reliance Industries Limited
₹95.15 Cr
Petroleum Products 3.58% 1.89% -1.69%
2
Bharti Airtel Limited
₹99.47 Cr
Telecom - Services 2.74% 1.97% -0.77%
3
Dr. Reddy's Laboratories Limited
₹132.29 Cr
Pharmaceuticals & Biotechnology 3.33% 2.62% -0.71%
4
Tech Mahindra Limited
₹79.62 Cr
IT - Software 2.19% 1.58% -0.61%
5
Infosys Limited
₹70.29 Cr
IT - Software 1.93% 1.39% -0.54%
6
HDFC Bank Limited
₹173.63 Cr
Banks 3.79% 3.44% -0.35%
7
Hitachi Energy India Limited
₹50.33 Cr
Electrical Equipment 1.35% 1.00% -0.35%
8
Hindalco Industries Limited
₹83.44 Cr
Non - Ferrous Metals 1.97% 1.66% -0.31%
9
State Bank of India
₹116.48 Cr
Banks 2.61% 2.31% -0.30%
10
ICICI Bank Limited
₹179.41 Cr
Banks 3.79% 3.56% -0.23%

Full Portfolio

80 stocks — Apr 2026

# Stock Sector Cap Weight & Value
1
₹179.41 Cr
Banks
3.56%
2
₹173.63 Cr
Banks
3.44%
3
₹153.07 Cr
Cigarettes & Tobacco Products
3.04%
4
₹133.89 Cr
Power
2.66%
5
₹132.29 Cr
Pharmaceuticals & Biotechnology
2.62%
6
₹124.70 Cr
Construction
2.47%
7
₹116.48 Cr
Banks
2.31%
8
₹110.84 Cr
Textiles & Apparels
2.20%
9
₹108.46 Cr
Financial Technology (Fintech)
2.15%
10
₹108.31 Cr
Healthcare Services
2.15%
🏆 Top stocks held by Flexi Cap funds
See which stocks all active Flexi Cap fund managers are buying — ranked by total value invested
🏦 JM Financial Mutual Fund — Portfolio & Holdings
See all funds managed by JM Financial Mutual Fund — conviction stocks, monthly entries & exits

Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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