What stocks does JM Large Cap Fund (Direct) hold?

JM Large Cap 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 Large Cap Fund (Direct)?

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

What category is JM Large Cap Fund (Direct)?

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

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

Portfolio holdings for JM Large Cap 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 Large Cap Fund (Direct) - Growth Option

Large Cap Data as of Apr 2026 Comparing Mar 2026 → Apr 2026

Share: WhatsApp X

Stocks Held

Apr 2026

Equity Holdings

₹409.47 Cr

Equity only, excl. debt & cash

Top 5 Weight

24.8%

Diversified

Top 10 Weight

38.3%

Diversified

Changes

2 new · 2 exits

Top Sector

Banks

19.6% of portfolio

📋 What Happened This Month JM Large Cap Fund (Direct) made 2 new additions and exited 2 stocks this month. The biggest new buy was Cummins India Limited (Industrial Products) at 1.25% weight. Union Bank of India was the biggest exit (Banks), which was held at 1.66%. Among existing holdings, Britannia Industries Limited saw the biggest increase — now at 1.67% of the portfolio. Larsen & Toubro Limited was trimmed the most, now at 3.31%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 19.6%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

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

-2.76%

-2.28%

-7.24%

-1.02%

Latest NAV

₹169.84

04 Jun 2026

52W High

₹185.33

-8% from High

52W Low

₹152.75

+11% from Low

Calendar Year Returns

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

2025

+5.5%

2024

+16.8%

2023

+30.5%

2022

+4.2%

2021

+24.6%

2020

+19.4%

2019

+5.9%

2018

+2.0%

2017

+21.9%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

14.4%

+ve in 89% windows

54.2% / -10.4%

3Y Rolling Avg

14.3% p.a.

+ve in 100% windows

24.9% / 1.2%

5Y Rolling Avg

14.9% p.a.

+ve in 100% windows

22.4% / 8.3%

Crisis Period Behaviour

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

2024–25 Tariff

-19.8%

Rec: not yet

COVID-19 Crash

-14.7%

Rec: Jul 2020 (6 mo)

2022 Rate Hike

-17.3%

Rec: Nov 2022 (7 mo)

2018 IL&FS

-5.9%

Rec: Apr 2019 (8 mo)

Risk Ratios

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

Sharpe Ratio (3Y)

0.54

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.75

Penalises downside volatility only.

Std Deviation (3Y)

14.7%

Lower = more consistent returns.

NAV Chart ₹169.84 04 Jun 2026

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

JM Large Cap Fund (Direct) - Growth Option

Chart shows indexed performance (base = 100). Actual NAV: ₹169.84

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Banks	23.3%	21.5%	▼ -1.8%
Automobiles	7.4%	7.1%	▼ -0.3%
Pharmaceuticals & Biotechnology	6.0%	6.4%	▲ +0.4%
Petroleum Products	5.8%	6.2%	▲ +0.4%
Finance	7.0%	6.0%	▼ -1.1%
IT - Software	5.6%	6.0%	▲ +0.4%
Telecom - Services	4.1%	4.3%	▲ +0.2%
Construction	4.2%	3.8%	▼ -0.5%
Power	3.0%	3.3%	▲ +0.3%
Healthcare Services	2.6%	2.7%	● +0.1%

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	21.5%	19.6%	▼ -1.9%
Automobiles	7.1%	7.1%	● -0.1%
Finance	6.0%	6.2%	▲ +0.3%
Petroleum Products	6.2%	6.1%	▼ -0.1%
Pharmaceuticals & Biotechnology	6.4%	6.1%	▼ -0.3%
IT - Software	6.0%	5.8%	▼ -0.2%
Telecom - Services	4.3%	4.0%	▼ -0.3%
Power	3.3%	3.5%	▲ +0.2%
Retailing	2.3%	3.4%	▲ +1.1%
Construction	3.8%	3.3%	▼ -0.5%

🟢

Biggest New Buy

Cummins India Limited

1.25% weight · Industrial Products

🔴

Biggest Exit

Union Bank of India

1.66% was held · Banks

↑

Biggest Add

Britannia Industries Limited

+0.46% · now 1.67%

↓

Biggest Trim

Larsen & Toubro Limited

-0.48% · now 3.31%

🤝 Other funds also bought this month

Avenue Supermarts Limited 41 funds

Cummins India Limited 40 funds

👋 Other funds also exited

Vedanta Limited 72 funds

Union Bank of India 16 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 2 New Entries 🔴 2 Exits ↑ 24 Increased ↓ 18 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Cummins India Limited ₹5.27 Cr	Industrial Products	1.25%
2	Avenue Supermarts Limited ₹4.01 Cr	Retailing	0.95%

#	Stock	Sector	Last Weight (Mar 2026)
1	Union Bank of India ₹6.49 Cr	Banks	1.66%
2	Vedanta Limited ₹3.93 Cr	Diversified Metals	1.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Britannia Industries Limited ₹7.04 Cr	Food Products	1.21%	1.67%	+0.46%
2	Hindalco Industries Limited ₹8.77 Cr	Non - Ferrous Metals	1.69%	2.08%	+0.39%
3	Adani Ports and Special Economic Zone Limited ₹10.23 Cr	Transport Infrastructure	2.08%	2.43%	+0.35%
4	One 97 Communications Limited ₹6.75 Cr	Financial Technology (Fintech)	1.29%	1.60%	+0.31%
5	Kotak Mahindra Bank Limited ₹10.30 Cr	Banks	2.19%	2.44%	+0.25%
6	360 One WAM Limited ₹6.45 Cr	Capital Markets	1.29%	1.53%	+0.24%
7	Tech Mahindra Limited ₹9.14 Cr	IT - Software	1.95%	2.17%	+0.22%
8	Bajaj Finance Limited ₹10.54 Cr	Finance	2.31%	2.50%	+0.19%
9	JSW Energy Limited ₹8.42 Cr	Power	1.82%	2.00%	+0.18%
10	Prestige Estates Projects Limited ₹4.95 Cr	Realty	1.01%	1.17%	+0.16%
11	Trent Limited ₹4.89 Cr	Retailing	1.00%	1.16%	+0.16%
12	CG Power and Industrial Solutions Limited ₹4.63 Cr	Electrical Equipment	0.96%	1.10%	+0.14%
13	Polycab India Limited ₹5.72 Cr	Industrial Products	1.24%	1.36%	+0.12%
14	Bajaj Auto Limited ₹6.70 Cr	Automobiles	1.51%	1.59%	+0.08%
15	The Indian Hotels Company Limited ₹6.09 Cr	Leisure Services	1.37%	1.44%	+0.07%
16	Muthoot Finance Limited ₹4.38 Cr	Finance	0.97%	1.04%	+0.07%
17	Titan Company Limited ₹6.45 Cr	Consumer Durables	1.49%	1.53%	+0.04%
18	State Bank of India ₹18.07 Cr	Banks	4.25%	4.28%	+0.03%
19	Axis Bank Limited ₹10.62 Cr	Banks	2.50%	2.52%	+0.02%
20	Tata Steel Limited ₹7.29 Cr	Ferrous Metals	1.71%	1.73%	+0.02%
21	ITC Limited ₹6.61 Cr	Diversified FMCG	1.55%	1.57%	+0.02%
22	Divi's Laboratories Limited ₹7.86 Cr	Pharmaceuticals & Biotechnology	1.85%	1.86%	+0.01%
23	United Spirits Limited ₹7.50 Cr	Beverages	1.77%	1.78%	+0.01%
24	InterGlobe Aviation Limited ₹7.04 Cr	Transport Services	1.66%	1.67%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Larsen & Toubro Limited ₹13.97 Cr	Construction	3.79%	3.31%	-0.48%
2	ICICI Bank Limited ₹16.40 Cr	Banks	4.26%	3.89%	-0.37%
3	Infosys Limited ₹10.36 Cr	IT - Software	2.81%	2.46%	-0.35%
4	Bharti Airtel Limited ₹16.78 Cr	Telecom - Services	4.30%	3.98%	-0.32%
5	Torrent Pharmaceuticals Limited ₹10.59 Cr	Pharmaceuticals & Biotechnology	2.74%	2.51%	-0.23%
6	HDFC Bank Limited ₹27.29 Cr	Banks	6.64%	6.47%	-0.17%
7	Apollo Hospitals Enterprise Limited ₹10.71 Cr	Healthcare Services	2.67%	2.54%	-0.13%
8	Reliance Industries Limited ₹25.85 Cr	Petroleum Products	6.23%	6.13%	-0.10%
9	HDFC Life Insurance Company Limited ₹4.79 Cr	Insurance	1.24%	1.14%	-0.10%
10	Mahindra & Mahindra Limited ₹9.23 Cr	Automobiles	2.26%	2.19%	-0.07%
11	TVS Motor Company Limited ₹6.79 Cr	Automobiles	1.68%	1.61%	-0.07%
12	Dr. Reddy's Laboratories Limited ₹7.41 Cr	Pharmaceuticals & Biotechnology	1.80%	1.76%	-0.04%
13	SRF Limited ₹4.16 Cr	Chemicals & Petrochemicals	1.03%	0.99%	-0.04%
14	LTIMindtree Limited ₹4.95 Cr	IT - Software	1.19%	1.17%	-0.02%
15	Shriram Finance Limited ₹11.20 Cr	Finance	2.67%	2.66%	-0.01%
16	UltraTech Cement Limited ₹7.76 Cr	Cement & Cement Products	1.85%	1.84%	-0.01%
17	Bharat Electronics Limited ₹6.25 Cr	Aerospace & Defense	1.49%	1.48%	-0.01%
18	Eternal Limited ₹5.58 Cr	Retailing	1.33%	1.32%	-0.01%

Full Portfolio

47 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹27.29 Cr	Banks	6.47%
2	Reliance Industries Limited ₹25.85 Cr	Petroleum Products	6.13%
3	State Bank of India ₹18.07 Cr	Banks	4.28%
4	Bharti Airtel Limited ₹16.78 Cr	Telecom - Services	3.98%
5	ICICI Bank Limited ₹16.40 Cr	Banks	3.89%
6	Larsen & Toubro Limited ₹13.97 Cr	Construction	3.31%
7	Shriram Finance Limited ₹11.20 Cr	Finance	2.66%
8	Apollo Hospitals Enterprise Limited ₹10.71 Cr	Healthcare Services	2.54%
9	Axis Bank Limited ₹10.62 Cr	Banks	2.52%
10	Torrent Pharmaceuticals Limited ₹10.59 Cr	Pharmaceuticals & Biotechnology	2.51%
11	Bajaj Finance Limited ₹10.54 Cr	Finance	2.50%
12	Infosys Limited ₹10.36 Cr	IT - Software	2.46%
13	Kotak Mahindra Bank Limited ₹10.30 Cr	Banks	2.44%
14	Adani Ports and Special Economic Zone Limited ₹10.23 Cr	Transport Infrastructure	2.43%
15	Mahindra & Mahindra Limited ₹9.23 Cr	Automobiles	2.19%
16	Tech Mahindra Limited ₹9.14 Cr	IT - Software	2.17%
17	Hindalco Industries Limited ₹8.77 Cr	Non - Ferrous Metals	2.08%
18	JSW Energy Limited ₹8.42 Cr	Power	2.00%
19	Divi's Laboratories Limited ₹7.86 Cr	Pharmaceuticals & Biotechnology	1.86%
20	UltraTech Cement Limited ₹7.76 Cr	Cement & Cement Products	1.84%
21	United Spirits Limited ₹7.50 Cr	Beverages	1.78%
22	Dr. Reddy's Laboratories Limited ₹7.41 Cr	Pharmaceuticals & Biotechnology	1.76%
23	Tata Steel Limited ₹7.29 Cr	Ferrous Metals	1.73%
24	InterGlobe Aviation Limited ₹7.04 Cr	Transport Services	1.67%
25	Britannia Industries Limited ₹7.04 Cr	Food Products	1.67%
26	Maruti Suzuki India Limited ₹6.99 Cr	Automobiles	1.66%
27	TVS Motor Company Limited ₹6.79 Cr	Automobiles	1.61%
28	One 97 Communications Limited ₹6.75 Cr	Financial Technology (Fintech)	1.60%
29	Bajaj Auto Limited ₹6.70 Cr	Automobiles	1.59%
30	ITC Limited ₹6.61 Cr	Diversified FMCG	1.57%
31	Titan Company Limited ₹6.45 Cr	Consumer Durables	1.53%
32	360 One WAM Limited ₹6.45 Cr	Capital Markets	1.53%
33	NTPC Limited ₹6.27 Cr	Power	1.49%
34	Bharat Electronics Limited ₹6.25 Cr	Aerospace & Defense	1.48%
35	The Indian Hotels Company Limited ₹6.09 Cr	Leisure Services	1.44%
36	Polycab India Limited ₹5.72 Cr	Industrial Products	1.36%
37	Eternal Limited ₹5.58 Cr	Retailing	1.32%
38	Cummins India Limited ₹5.27 Cr	Industrial Products	1.25%
39	LTIMindtree Limited ₹4.95 Cr	IT - Software	1.17%
40	Prestige Estates Projects Limited ₹4.95 Cr	Realty	1.17%
41	Trent Limited ₹4.89 Cr	Retailing	1.16%
42	HDFC Life Insurance Company Limited ₹4.79 Cr	Insurance	1.14%
43	CG Power and Industrial Solutions Limited ₹4.63 Cr	Electrical Equipment	1.10%
44	Muthoot Finance Limited ₹4.38 Cr	Finance	1.04%
45	SRF Limited ₹4.16 Cr	Chemicals & Petrochemicals	0.99%
46	Avenue Supermarts Limited ₹4.01 Cr	Retailing	0.95%
47	Anirit Ventures Ltd ₹42.36 L	Textiles & Apparels	0.10%