What stocks does JM Midcap Fund (Direct) hold?

JM Midcap 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 Midcap Fund (Direct)?

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

What category is JM Midcap Fund (Direct)?

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

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

Portfolio holdings for JM Midcap 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.

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JM Midcap Fund (Direct) - Growth

Mid Cap Data as of Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹1,259.63 Cr

Equity only, excl. debt & cash

Top 5 Weight

16.3%

Diversified

Top 10 Weight

30.4%

Diversified

Changes

4 new · 1 exits

Top Sector

Pharmaceuticals & Biotechnology

10.8% of portfolio

📋 What Happened This Month JM Midcap Fund (Direct) made 4 new additions and exited 1 stock this month. The biggest new buy was E2E Networks Limited (IT - Services) at 0.90% weight. E2E Networks Limited was the biggest exit (IT - Services), which was held at 0.94%. Among existing holdings, IDFC First Bank Limited saw the biggest increase — now at 2.21% of the portfolio. Hero MotoCorp Limited was trimmed the most, now at 1.13%. Bharat Forge Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 10.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · JM Midcap Fund (Direct) - Growth

+2.34%

+12.27%

+13.49%

+8.31%

Latest NAV

₹22.16

15 Jul 2026

52W High

₹22.26

-0% from High

52W Low

₹16.73

+32% from Low

Calendar Year Returns

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

2025

-1.2%

2024

+37.8%

2023

+47.3%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

28.6%

+ve in 85% windows

81.4% / -7.7%

3Y Rolling Avg

25.5% p.a.

+ve in 100% windows

28.9% / 20.7%

Crisis Period Behaviour

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

2024–25 Tariff

-21.6%

Rec: May 2026 (1yr 9mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

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

Sharpe Ratio (3Y)

1.06

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.46

Penalises downside volatility only.

Std Deviation (3Y)

17.7%

Lower = more consistent returns.

NAV Chart ₹22.16 15 Jul 2026

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

JM Midcap Fund (Direct) - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹22.16

Sector Shift Industry allocation month-over-month

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	12.3%	11.0%	▼ -1.3%
Electrical Equipment	8.0%	9.6%	▲ +1.6%
Banks	10.3%	9.2%	▼ -1.1%
Capital Markets	7.6%	8.3%	▲ +0.7%
Auto Components	7.7%	8.1%	▲ +0.4%
Industrial Products	5.0%	5.5%	▲ +0.5%
IT - Software	4.2%	4.2%	● 0.0%
Cigarettes & Tobacco Products	3.7%	3.6%	▼ -0.1%
Agricultural Food & other Products	3.0%	3.1%	● +0.0%
Industrial Manufacturing	3.1%	3.1%	● 0.0%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	11.0%	10.8%	▼ -0.2%
Electrical Equipment	9.6%	9.8%	▲ +0.2%
Banks	9.2%	9.2%	● +0.1%
Auto Components	8.1%	8.3%	▲ +0.2%
Capital Markets	8.3%	7.9%	▼ -0.4%
Industrial Products	5.5%	5.4%	● -0.1%
IT - Software	4.2%	3.8%	▼ -0.4%
Industrial Manufacturing	3.1%	3.4%	▲ +0.4%
Cigarettes & Tobacco Products	3.6%	3.3%	▼ -0.3%
Finance	2.8%	3.2%	▲ +0.4%

🟢

Biggest New Buy

E2E Networks Limited

0.90% weight · IT - Services

🔴

Biggest Exit

E2E Networks Limited

0.94% was held · IT - Services

↑

Biggest Add

IDFC First Bank Limited

+0.42% · now 2.21%

↓

Biggest Trim

Hero MotoCorp Limited

-0.75% · now 1.13%

🤝 Other funds also bought this month

JSW Infrastructure Ltd 54 funds

Ola Electric Mobility Ltd 11 funds

Housing & Urban Development Corporation Limited 6 funds

E2E Networks Limited 5 funds

👋 Other funds also exited

E2E Networks Limited 6 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 4 New Entries 🔴 1 Exit ↑ 29 Increased ↓ 31 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	E2E Networks Limited ₹11.50 Cr	IT - Services	0.90%
2	Housing & Urban Development Corporation Limited ₹6.15 Cr	Finance	0.48%
3	Ola Electric Mobility Ltd ₹6.10 Cr	Automobiles	0.48%
4	JSW Infrastructure Ltd ₹5.34 Cr	Transport Infrastructure	0.42%

#	Stock	Sector	Last Weight (May 2026)
1	E2E Networks Limited ₹11.38 Cr	IT - Services	0.94%

#	Stock	Sector	May 2026	Jun 2026	Change
1	IDFC First Bank Limited ₹28.22 Cr	Banks	1.79%	2.21%	+0.42%
2	Endurance Technologies Limited ₹9.88 Cr	Auto Components	0.36%	0.78%	+0.42%
3	Arvind Limited ₹38.48 Cr	Textiles & Apparels	2.62%	3.02%	+0.40%
4	Thermax Limited ₹12.51 Cr	Electrical Equipment	0.58%	0.98%	+0.40%
5	CarTrade Tech Limited ₹16.16 Cr	Retailing	0.90%	1.27%	+0.37%
6	Indus Towers Limited ₹14.69 Cr	Telecom - Services	0.82%	1.15%	+0.33%
7	Hindustan Petroleum Corporation Limited ₹9.92 Cr	Petroleum Products	0.49%	0.78%	+0.29%
8	Bank of Maharashtra ₹38.11 Cr	Banks	2.71%	2.99%	+0.28%
9	Syrma SGS Technology Limited ₹22.34 Cr	Industrial Manufacturing	1.48%	1.75%	+0.27%
10	Acutaas Chemicals Ltd ₹38.79 Cr	Pharmaceuticals & Biotechnology	2.83%	3.04%	+0.21%
11	Ashok Leyland Limited ₹23.17 Cr	Agricultural, Commercial & Construction Vehicles	1.62%	1.82%	+0.20%
12	One 97 Communications Limited ₹22.00 Cr	Financial Technology (Fintech)	1.54%	1.73%	+0.19%
13	Apar Industries Limited ₹13.86 Cr	Electrical Equipment	0.92%	1.09%	+0.17%
14	Poonawalla Fincorp Limited ₹22.58 Cr	Finance	1.61%	1.77%	+0.16%
15	Tinna Rubber And Infrastructure Ltd. ₹14.51 Cr	Industrial Products	0.98%	1.14%	+0.16%
16	Avalon Technologies Limited ₹42.89 Cr	Electrical Equipment	3.23%	3.37%	+0.14%
17	Wework India Management Limited ₹19.97 Cr	Commercial Services & Supplies	1.43%	1.57%	+0.14%
18	Jyoti CNC Automation Ltd ₹6.53 Cr	Industrial Manufacturing	0.41%	0.51%	+0.10%
19	Aurobindo Pharma Limited ₹22.71 Cr	Pharmaceuticals & Biotechnology	1.69%	1.78%	+0.09%
20	FSN E-Commerce Ventures Limited ₹10.26 Cr	Retailing	0.71%	0.80%	+0.09%
21	Motilal Oswal Financial Services Limited ₹25.06 Cr	Capital Markets	1.90%	1.97%	+0.07%
22	Sona BLW Precision Forgings Limited ₹11.16 Cr	Auto Components	0.82%	0.88%	+0.06%
23	Billionbrains Garage Ventures Ltd ₹17.01 Cr	Capital Markets	1.28%	1.33%	+0.05%
24	Coromandel International Limited ₹5.68 Cr	Fertilizers & Agrochemicals	0.41%	0.45%	+0.04%
25	Lupin Limited ₹18.63 Cr	Pharmaceuticals & Biotechnology	1.43%	1.46%	+0.03%
26	Linde India Limited ₹9.45 Cr	Chemicals & Petrochemicals	0.71%	0.74%	+0.03%
27	Garware Hi-Tech Films Ltd ₹22.22 Cr	Industrial Products	1.72%	1.74%	+0.02%
28	Titagarh Rail Systems Limited ₹15.01 Cr	Industrial Manufacturing	1.16%	1.18%	+0.02%
29	Prestige Estates Projects Limited ₹12.52 Cr	Realty	0.97%	0.98%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Hero MotoCorp Limited ₹14.38 Cr	Automobiles	1.88%	1.13%	-0.75%
2	Indian Bank ₹21.23 Cr	Banks	2.19%	1.67%	-0.52%
3	BSE Limited ₹30.54 Cr	Capital Markets	2.90%	2.40%	-0.50%
4	Jindal Steel Limited ₹23.50 Cr	Ferrous Metals	2.30%	1.84%	-0.46%
5	National Aluminium Company Limited ₹3.06 Cr	Non - Ferrous Metals	0.63%	0.24%	-0.39%
6	Jubilant Foodworks Limited ₹6.89 Cr	Leisure Services	0.87%	0.54%	-0.33%
7	Godfrey Phillips India Limited ₹41.76 Cr	Cigarettes & Tobacco Products	3.60%	3.28%	-0.32%
8	Onesource Specialty Pharma Limited ₹17.78 Cr	Pharmaceuticals & Biotechnology	1.72%	1.40%	-0.32%
9	Tube Investments of India Limited ₹39.38 Cr	Auto Components	3.36%	3.09%	-0.27%
10	Sumitomo Chemical India Limited ₹13.32 Cr	Fertilizers & Agrochemicals	1.31%	1.04%	-0.27%
11	Delhivery Limited ₹7.08 Cr	Transport Services	0.82%	0.56%	-0.26%
12	PB Fintech Limited ₹15.29 Cr	Financial Technology (Fintech)	1.45%	1.20%	-0.25%
13	Cummins India Limited ₹32.16 Cr	Industrial Products	2.75%	2.52%	-0.23%
14	Hitachi Energy India Limited ₹19.03 Cr	Electrical Equipment	1.72%	1.49%	-0.23%
15	Mahindra & Mahindra Financial Services Limited ₹12.26 Cr	Finance	1.19%	0.96%	-0.23%
16	KPIT Technologies Limited ₹9.74 Cr	IT - Software	0.98%	0.76%	-0.22%
17	Glenmark Pharmaceuticals Limited ₹32.23 Cr	Pharmaceuticals & Biotechnology	2.73%	2.53%	-0.20%
18	Waaree Energies Limited ₹17.47 Cr	Electrical Equipment	1.53%	1.37%	-0.16%
19	Jana Small Finance Bank Ltd ₹12.18 Cr	Banks	1.08%	0.96%	-0.12%
20	Mphasis Limited ₹13.32 Cr	IT - Software	1.15%	1.05%	-0.10%
21	Marico Limited ₹38.05 Cr	Agricultural Food & other Products	3.07%	2.99%	-0.08%
22	SRF Limited ₹26.86 Cr	Chemicals & Petrochemicals	2.19%	2.11%	-0.08%
23	JK Cement Limited ₹25.24 Cr	Cement & Cement Products	2.06%	1.98%	-0.08%
24	Bharat Heavy Electricals Limited ₹19.46 Cr	Electrical Equipment	1.61%	1.53%	-0.08%
25	Devyani International Limited ₹3.34 Cr	Leisure Services	0.34%	0.26%	-0.08%
26	The India Cements Limited ₹8.44 Cr	Cement & Cement Products	0.70%	0.66%	-0.04%
27	Coforge Limited ₹25.65 Cr	IT - Software	2.04%	2.01%	-0.03%
28	Cohance Lifesciences Limited ₹7.81 Cr	Pharmaceuticals & Biotechnology	0.64%	0.61%	-0.03%
29	Dixon Technologies (India) Limited ₹23.97 Cr	Consumer Durables	1.90%	1.88%	-0.02%
30	Bharat Forge Limited ₹44.92 Cr	Auto Components	3.53%	3.52%	-0.01%
31	Fortis Healthcare Limited ₹14.35 Cr	Healthcare Services	1.14%	1.13%	-0.01%

What Stocks Does This Fund Hold?

67 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	Bharat Forge Limited ₹44.92 Cr	Auto Components	3.52%
2	Avalon Technologies Limited ₹42.89 Cr	Electrical Equipment	3.37%
3	Godfrey Phillips India Limited ₹41.76 Cr	Cigarettes & Tobacco Products	3.28%
4	Tube Investments of India Limited ₹39.38 Cr	Auto Components	3.09%
5	Acutaas Chemicals Ltd ₹38.79 Cr	Pharmaceuticals & Biotechnology	3.04%
6	Arvind Limited ₹38.48 Cr	Textiles & Apparels	3.02%
7	Bank of Maharashtra ₹38.11 Cr	Banks	2.99%
8	Marico Limited ₹38.05 Cr	Agricultural Food & other Products	2.99%
9	Glenmark Pharmaceuticals Limited ₹32.23 Cr	Pharmaceuticals & Biotechnology	2.53%
10	Cummins India Limited ₹32.16 Cr	Industrial Products	2.52%
11	BSE Limited ₹30.54 Cr	Capital Markets	2.40%
12	IDFC First Bank Limited ₹28.22 Cr	Banks	2.21%
13	SRF Limited ₹26.86 Cr	Chemicals & Petrochemicals	2.11%
14	Coforge Limited ₹25.65 Cr	IT - Software	2.01%
15	JK Cement Limited ₹25.24 Cr	Cement & Cement Products	1.98%
16	Motilal Oswal Financial Services Limited ₹25.06 Cr	Capital Markets	1.97%
17	Dixon Technologies (India) Limited ₹23.97 Cr	Consumer Durables	1.88%
18	Jindal Steel Limited ₹23.50 Cr	Ferrous Metals	1.84%
19	Ashok Leyland Limited ₹23.17 Cr	Agricultural, Commercial & Construction Vehicles	1.82%
20	Aurobindo Pharma Limited ₹22.71 Cr	Pharmaceuticals & Biotechnology	1.78%
21	Poonawalla Fincorp Limited ₹22.58 Cr	Finance	1.77%
22	Syrma SGS Technology Limited ₹22.34 Cr	Industrial Manufacturing	1.75%
23	Garware Hi-Tech Films Ltd ₹22.22 Cr	Industrial Products	1.74%
24	One 97 Communications Limited ₹22.00 Cr	Financial Technology (Fintech)	1.73%
25	Indian Bank ₹21.23 Cr	Banks	1.67%
26	Wework India Management Limited ₹19.97 Cr	Commercial Services & Supplies	1.57%
27	Bharat Heavy Electricals Limited ₹19.46 Cr	Electrical Equipment	1.53%
28	Hitachi Energy India Limited ₹19.03 Cr	Electrical Equipment	1.49%
29	Lupin Limited ₹18.63 Cr	Pharmaceuticals & Biotechnology	1.46%
30	Onesource Specialty Pharma Limited ₹17.78 Cr	Pharmaceuticals & Biotechnology	1.40%
31	AU Small Finance Bank Limited ₹17.63 Cr	Banks	1.38%
32	Waaree Energies Limited ₹17.47 Cr	Electrical Equipment	1.37%
33	Billionbrains Garage Ventures Ltd ₹17.01 Cr	Capital Markets	1.33%
34	CarTrade Tech Limited ₹16.16 Cr	Retailing	1.27%
35	PB Fintech Limited ₹15.29 Cr	Financial Technology (Fintech)	1.20%
36	Titagarh Rail Systems Limited ₹15.01 Cr	Industrial Manufacturing	1.18%
37	Indus Towers Limited ₹14.69 Cr	Telecom - Services	1.15%
38	Tinna Rubber And Infrastructure Ltd. ₹14.51 Cr	Industrial Products	1.14%
39	Hero MotoCorp Limited ₹14.38 Cr	Automobiles	1.13%
40	Fortis Healthcare Limited ₹14.35 Cr	Healthcare Services	1.13%
41	360 One WAM Limited ₹14.30 Cr	Capital Markets	1.12%
42	Apar Industries Limited ₹13.86 Cr	Electrical Equipment	1.09%
43	Multi Commodity Exchange of India Limited ₹13.62 Cr	Capital Markets	1.07%
44	Mphasis Limited ₹13.32 Cr	IT - Software	1.05%
45	Sumitomo Chemical India Limited ₹13.32 Cr	Fertilizers & Agrochemicals	1.04%
46	Prestige Estates Projects Limited ₹12.52 Cr	Realty	0.98%
47	Thermax Limited ₹12.51 Cr	Electrical Equipment	0.98%
48	Mahindra & Mahindra Financial Services Limited ₹12.26 Cr	Finance	0.96%
49	Jana Small Finance Bank Ltd ₹12.18 Cr	Banks	0.96%
50	E2E Networks Limited ₹11.50 Cr	IT - Services	0.90%
51	Sona BLW Precision Forgings Limited ₹11.16 Cr	Auto Components	0.88%
52	FSN E-Commerce Ventures Limited ₹10.26 Cr	Retailing	0.80%
53	Hindustan Petroleum Corporation Limited ₹9.92 Cr	Petroleum Products	0.78%
54	Endurance Technologies Limited ₹9.88 Cr	Auto Components	0.78%
55	KPIT Technologies Limited ₹9.74 Cr	IT - Software	0.76%
56	Linde India Limited ₹9.45 Cr	Chemicals & Petrochemicals	0.74%
57	The India Cements Limited ₹8.44 Cr	Cement & Cement Products	0.66%
58	Cohance Lifesciences Limited ₹7.81 Cr	Pharmaceuticals & Biotechnology	0.61%
59	Delhivery Limited ₹7.08 Cr	Transport Services	0.56%
60	Jubilant Foodworks Limited ₹6.89 Cr	Leisure Services	0.54%
61	Jyoti CNC Automation Ltd ₹6.53 Cr	Industrial Manufacturing	0.51%
62	Housing & Urban Development Corporation Limited ₹6.15 Cr	Finance	0.48%
63	Ola Electric Mobility Ltd ₹6.10 Cr	Automobiles	0.48%
64	Coromandel International Limited ₹5.68 Cr	Fertilizers & Agrochemicals	0.45%
65	JSW Infrastructure Ltd ₹5.34 Cr	Transport Infrastructure	0.42%
66	Devyani International Limited ₹3.34 Cr	Leisure Services	0.26%
67	National Aluminium Company Limited ₹3.06 Cr	Non - Ferrous Metals	0.24%