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.

← JM Financial Mutual Fund

JM Midcap Fund (Direct) - Growth

Mid Cap Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

Share: WhatsApp X

⌕

Stocks Held

Sep 2026

Equity Holdings

₹1,282.00 Cr

Equity only, excl. debt & cash

AAUM

₹1,315.43 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

15.3%

Diversified

Top 10 Weight

28.2%

Diversified

Changes

2 new · 1 exits

Top Sector

Pharmaceuticals & Biotechnology

12.4% of portfolio

Launch Date

31 Oct 2022

4 years old

AAUM (Average Assets Under Management) of ₹1,315.43 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month JM Midcap Fund (Direct) made 2 new additions and exited 1 stock this month. The biggest new buy was Varmora Granito Limited (Consumer Durables) at 0.29% weight. Coforge Limited was the biggest exit (IT - Software), which was held at 2.55%. Among existing holdings, Mankind Pharma Limited saw the biggest increase — now at 2.89% of the portfolio. PB Fintech Limited was trimmed the most, now at 0.74%. One 97 Communications Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 12.4%. ↓ 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

-10.14%

-9.20%

-0.84%

-2.68%

Latest NAV

₹20.09

23 Oct 2026

52W High

₹23.13

-13% from High

52W Low

₹17.64

+14% 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

26.7%

+ve in 86% windows

81.4% / -7.7%

3Y Rolling Avg

24.2% p.a.

+ve in 100% windows

28.9% / 14.9%

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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.46

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.63

Penalises downside volatility only.

Std Deviation (3Y)

18.0%

Lower = more consistent returns.

NAV Chart ₹20.09 23 Oct 2026

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

JM Midcap Fund (Direct) - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹20.09

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	12.4%	10.4%	▼ -1.9%
Auto Components	10.9%	10.4%	▼ -0.5%
Electrical Equipment	9.0%	9.2%	▲ +0.2%
Capital Markets	7.0%	8.6%	▲ +1.6%
Banks	8.4%	8.0%	▼ -0.4%
Financial Technology (Fintech)	3.9%	4.7%	▲ +0.8%
Finance	3.7%	4.6%	▲ +1.0%
IT - Software	3.8%	4.4%	▲ +0.5%
Industrial Manufacturing	4.0%	4.1%	▲ +0.1%
Retailing	3.7%	4.1%	▲ +0.4%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	10.4%	12.4%	▲ +2.0%
Auto Components	10.4%	10.1%	▼ -0.3%
Electrical Equipment	9.2%	9.1%	● -0.1%
Capital Markets	8.6%	8.7%	● +0.1%
Banks	8.0%	7.9%	▼ -0.1%
Retailing	4.1%	5.0%	▲ +0.9%
Industrial Manufacturing	4.1%	4.8%	▲ +0.7%
Financial Technology (Fintech)	4.7%	4.3%	▼ -0.4%
Finance	4.6%	4.2%	▼ -0.4%
Chemicals & Petrochemicals	2.8%	2.9%	▲ +0.1%

🟢

Biggest New Buy

Varmora Granito Limited

0.29% weight · Consumer Durables

🔴

Biggest Exit

Coforge Limited

2.55% was held · IT - Software

↑

Biggest Add

Mankind Pharma Limited

+1.55% · now 2.89%

↓

Biggest Trim

PB Fintech Limited

-0.42% · now 0.74%

🤝 Other funds also bought this month

ESDS Software Solution Ltd 11 funds

Varmora Granito Limited 8 funds

👋 Other funds also exited

Coforge Limited 40 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 2 New Entries 🔴 1 Exit ↑ 31 Increased ↓ 36 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Varmora Granito Limited ₹3.77 Cr	Consumer Durables	0.29%
2	ESDS Software Solution Ltd ₹16.60 L	IT - Services	0.01%

#	Stock	Sector	Last Weight (Aug 2026)
1	Coforge Limited ₹34.74 Cr	IT - Software	2.55%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Mankind Pharma Limited ₹37.61 Cr	Pharmaceuticals & Biotechnology	1.34%	2.89%	+1.55%
2	Lenskart Solutions Limited ₹28.80 Cr	Retailing	1.36%	2.21%	+0.85%
3	Syrma SGS Technology Limited ₹28.53 Cr	Industrial Manufacturing	1.69%	2.19%	+0.50%
4	Sona BLW Precision Forgings Limited ₹31.13 Cr	Auto Components	2.03%	2.39%	+0.36%
5	Acme Solar Holdings Ltd ₹11.87 Cr	Power	0.64%	0.91%	+0.27%
6	BSE Limited ₹12.37 Cr	Capital Markets	0.72%	0.95%	+0.23%
7	Glenmark Pharmaceuticals Limited ₹34.72 Cr	Pharmaceuticals & Biotechnology	2.44%	2.66%	+0.22%
8	Radico Khaitan Limited ₹19.65 Cr	Beverages	1.32%	1.51%	+0.19%
9	Swiggy Limited ₹7.50 Cr	Retailing	0.41%	0.58%	+0.17%
10	Acutaas Chemicals Ltd ₹29.67 Cr	Pharmaceuticals & Biotechnology	2.13%	2.28%	+0.15%
11	Linde India Limited ₹9.49 Cr	Chemicals & Petrochemicals	0.61%	0.73%	+0.12%
12	E2E Networks Limited ₹17.91 Cr	IT - Services	1.25%	1.37%	+0.12%
13	Aditya Infotech Limited ₹11.92 Cr	Industrial Manufacturing	0.81%	0.91%	+0.10%
14	One 97 Communications Limited ₹46.94 Cr	Financial Technology (Fintech)	3.53%	3.60%	+0.07%
15	Hitachi Energy India Limited ₹13.63 Cr	Electrical Equipment	0.98%	1.05%	+0.07%
16	JK Cement Limited ₹23.53 Cr	Cement & Cement Products	1.75%	1.81%	+0.06%
17	Jyoti CNC Automation Ltd ₹8.86 Cr	Industrial Manufacturing	0.62%	0.68%	+0.06%
18	Onesource Specialty Pharma Limited ₹16.42 Cr	Pharmaceuticals & Biotechnology	1.21%	1.26%	+0.05%
19	JSW Infrastructure Ltd ₹6.45 Cr	Transport Infrastructure	0.45%	0.49%	+0.04%
20	Titagarh Rail Systems Limited ₹13.21 Cr	Industrial Manufacturing	0.97%	1.01%	+0.04%
21	Multi Commodity Exchange of India Limited ₹29.70 Cr	Capital Markets	2.25%	2.28%	+0.03%
22	The Indian Hotels Company Limited ₹12.39 Cr	Leisure Services	0.92%	0.95%	+0.03%
23	Aurobindo Pharma Limited ₹24.05 Cr	Pharmaceuticals & Biotechnology	1.82%	1.85%	+0.03%
24	Apar Industries Limited ₹15.35 Cr	Electrical Equipment	1.15%	1.18%	+0.03%
25	Avalon Technologies Limited ₹40.19 Cr	Electrical Equipment	3.05%	3.08%	+0.03%
26	Bank of Maharashtra ₹36.65 Cr	Banks	2.79%	2.81%	+0.02%
27	Hero MotoCorp Limited ₹13.10 Cr	Automobiles	1.00%	1.01%	+0.01%
28	SRF Limited ₹21.03 Cr	Chemicals & Petrochemicals	1.60%	1.61%	+0.01%
29	Alkem Laboratories Limited ₹12.91 Cr	Pharmaceuticals & Biotechnology	0.98%	0.99%	+0.01%
30	Cohance Lifesciences Limited ₹6.63 Cr	Pharmaceuticals & Biotechnology	0.50%	0.51%	+0.01%
31	Wework India Management Limited ₹18.14 Cr	Commercial Services & Supplies	1.38%	1.39%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	PB Fintech Limited ₹9.67 Cr	Financial Technology (Fintech)	1.16%	0.74%	-0.42%
2	Prestige Estates Projects Limited ₹13.34 Cr	Realty	1.44%	1.02%	-0.42%
3	Hindustan Petroleum Corporation Limited ₹5.48 Cr	Petroleum Products	0.74%	0.42%	-0.32%
4	Tube Investments of India Limited ₹28.70 Cr	Auto Components	2.52%	2.20%	-0.32%
5	Bharat Forge Limited ₹29.13 Cr	Auto Components	2.50%	2.24%	-0.26%
6	Poonawalla Fincorp Limited ₹22.19 Cr	Finance	1.92%	1.70%	-0.22%
7	Ashok Leyland Limited ₹29.59 Cr	Agricultural, Commercial & Construction Vehicles	2.48%	2.27%	-0.21%
8	360 One WAM Limited ₹20.61 Cr	Capital Markets	1.73%	1.58%	-0.15%
9	Sumitomo Chemical India Limited ₹13.22 Cr	Fertilizers & Agrochemicals	1.16%	1.01%	-0.15%
10	Mphasis Limited ₹21.68 Cr	IT - Software	1.80%	1.66%	-0.14%
11	Dixon Technologies (India) Limited ₹19.13 Cr	Consumer Durables	1.59%	1.47%	-0.12%
12	Thermax Limited ₹15.86 Cr	Electrical Equipment	1.34%	1.22%	-0.12%
13	Piramal Finance Ltd ₹14.53 Cr	Finance	1.20%	1.11%	-0.09%
14	Mahindra & Mahindra Financial Services Limited ₹10.66 Cr	Finance	0.90%	0.82%	-0.08%
15	Jana Small Finance Bank Ltd ₹10.38 Cr	Banks	0.87%	0.80%	-0.07%
16	Leap India Limited ₹5.20 Cr	Commercial Services & Supplies	0.47%	0.40%	-0.07%
17	National Aluminium Company Limited ₹9.55 Cr	Non - Ferrous Metals	0.79%	0.73%	-0.06%
18	Waaree Energies Limited ₹14.08 Cr	Electrical Equipment	1.14%	1.08%	-0.06%
19	Endurance Technologies Limited ₹22.33 Cr	Auto Components	1.77%	1.71%	-0.06%
20	Arvind Limited ₹18.36 Cr	Textiles & Apparels	1.47%	1.41%	-0.06%
21	Tinna Rubber And Infrastructure Ltd. ₹8.32 Cr	Industrial Products	0.70%	0.64%	-0.06%
22	AU Small Finance Bank Limited ₹18.69 Cr	Banks	1.48%	1.43%	-0.05%
23	FSN E-Commerce Ventures Limited ₹12.80 Cr	Retailing	1.03%	0.98%	-0.05%
24	Horizon Industrial Parks Ltd. ₹6.93 Cr	Realty	0.58%	0.53%	-0.05%
25	IDFC First Bank Limited ₹37.06 Cr	Banks	2.88%	2.84%	-0.04%
26	Godfrey Phillips India Limited ₹37.30 Cr	Cigarettes & Tobacco Products	2.90%	2.86%	-0.04%
27	Bharat Heavy Electricals Limited ₹19.53 Cr	Electrical Equipment	1.53%	1.50%	-0.03%
28	Apollo Tyres Limited ₹9.11 Cr	Auto Components	0.73%	0.70%	-0.03%
29	Housing & Urban Development Corporation Limited ₹7.56 Cr	Finance	0.61%	0.58%	-0.03%
30	CarTrade Tech Limited ₹15.95 Cr	Retailing	1.25%	1.22%	-0.03%
31	Coromandel International Limited ₹4.98 Cr	Fertilizers & Agrochemicals	0.40%	0.38%	-0.02%
32	Delhivery Limited ₹4.51 Cr	Transport Services	0.37%	0.35%	-0.02%
33	Exide Industries Limited ₹10.93 Cr	Auto Components	0.86%	0.84%	-0.02%
34	Garware Hi-Tech Films Ltd ₹15.98 Cr	Industrial Products	1.25%	1.23%	-0.02%
35	Motilal Oswal Financial Services Limited ₹29.66 Cr	Capital Markets	2.29%	2.28%	-0.01%
36	Gaja Alternative AMC Limited ₹3.06 Cr	Capital Markets	0.24%	0.23%	-0.01%

What Stocks Does This Fund Hold?

72 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	One 97 Communications Limited ₹46.94 Cr	Financial Technology (Fintech)	3.60%
2	Avalon Technologies Limited ₹40.19 Cr	Electrical Equipment	3.08%
3	Mankind Pharma Limited ₹37.61 Cr	Pharmaceuticals & Biotechnology	2.89%
4	Godfrey Phillips India Limited ₹37.30 Cr	Cigarettes & Tobacco Products	2.86%
5	IDFC First Bank Limited ₹37.06 Cr	Banks	2.84%
6	Bank of Maharashtra ₹36.65 Cr	Banks	2.81%
7	Marico Limited ₹35.76 Cr	Agricultural Food & other Products	2.74%
8	Glenmark Pharmaceuticals Limited ₹34.72 Cr	Pharmaceuticals & Biotechnology	2.66%
9	Sona BLW Precision Forgings Limited ₹31.13 Cr	Auto Components	2.39%
10	Motilal Oswal Financial Services Limited ₹29.66 Cr	Capital Markets	2.28%
11	Acutaas Chemicals Ltd ₹29.67 Cr	Pharmaceuticals & Biotechnology	2.28%
12	Multi Commodity Exchange of India Limited ₹29.70 Cr	Capital Markets	2.28%
13	Ashok Leyland Limited ₹29.59 Cr	Agricultural, Commercial & Construction Vehicles	2.27%
14	Bharat Forge Limited ₹29.13 Cr	Auto Components	2.24%
15	Lenskart Solutions Limited ₹28.80 Cr	Retailing	2.21%
16	Tube Investments of India Limited ₹28.70 Cr	Auto Components	2.20%
17	Syrma SGS Technology Limited ₹28.53 Cr	Industrial Manufacturing	2.19%
18	Aurobindo Pharma Limited ₹24.05 Cr	Pharmaceuticals & Biotechnology	1.85%
19	JK Cement Limited ₹23.53 Cr	Cement & Cement Products	1.81%
20	Endurance Technologies Limited ₹22.33 Cr	Auto Components	1.71%
21	Poonawalla Fincorp Limited ₹22.19 Cr	Finance	1.70%
22	Mphasis Limited ₹21.68 Cr	IT - Software	1.66%
23	SRF Limited ₹21.03 Cr	Chemicals & Petrochemicals	1.61%
24	360 One WAM Limited ₹20.61 Cr	Capital Markets	1.58%
25	Radico Khaitan Limited ₹19.65 Cr	Beverages	1.51%
26	Bharat Heavy Electricals Limited ₹19.53 Cr	Electrical Equipment	1.50%
27	Dixon Technologies (India) Limited ₹19.13 Cr	Consumer Durables	1.47%
28	AU Small Finance Bank Limited ₹18.69 Cr	Banks	1.43%
29	Arvind Limited ₹18.36 Cr	Textiles & Apparels	1.41%
30	Billionbrains Garage Ventures Ltd ₹18.42 Cr	Capital Markets	1.41%
31	Wework India Management Limited ₹18.14 Cr	Commercial Services & Supplies	1.39%
32	E2E Networks Limited ₹17.91 Cr	IT - Services	1.37%
33	Onesource Specialty Pharma Limited ₹16.42 Cr	Pharmaceuticals & Biotechnology	1.26%
34	Garware Hi-Tech Films Ltd ₹15.98 Cr	Industrial Products	1.23%
35	CarTrade Tech Limited ₹15.95 Cr	Retailing	1.22%
36	Thermax Limited ₹15.86 Cr	Electrical Equipment	1.22%
37	Apar Industries Limited ₹15.35 Cr	Electrical Equipment	1.18%
38	Piramal Finance Ltd ₹14.53 Cr	Finance	1.11%
39	Waaree Energies Limited ₹14.08 Cr	Electrical Equipment	1.08%
40	Hitachi Energy India Limited ₹13.63 Cr	Electrical Equipment	1.05%
41	Prestige Estates Projects Limited ₹13.34 Cr	Realty	1.02%
42	Hero MotoCorp Limited ₹13.10 Cr	Automobiles	1.01%
43	Sumitomo Chemical India Limited ₹13.22 Cr	Fertilizers & Agrochemicals	1.01%
44	Titagarh Rail Systems Limited ₹13.21 Cr	Industrial Manufacturing	1.01%
45	Alkem Laboratories Limited ₹12.91 Cr	Pharmaceuticals & Biotechnology	0.99%
46	FSN E-Commerce Ventures Limited ₹12.80 Cr	Retailing	0.98%
47	The Indian Hotels Company Limited ₹12.39 Cr	Leisure Services	0.95%
48	BSE Limited ₹12.37 Cr	Capital Markets	0.95%
49	Aditya Infotech Limited ₹11.92 Cr	Industrial Manufacturing	0.91%
50	Acme Solar Holdings Ltd ₹11.87 Cr	Power	0.91%
51	Exide Industries Limited ₹10.93 Cr	Auto Components	0.84%
52	Mahindra & Mahindra Financial Services Limited ₹10.66 Cr	Finance	0.82%
53	Jana Small Finance Bank Ltd ₹10.38 Cr	Banks	0.80%
54	PB Fintech Limited ₹9.67 Cr	Financial Technology (Fintech)	0.74%
55	National Aluminium Company Limited ₹9.55 Cr	Non - Ferrous Metals	0.73%
56	Linde India Limited ₹9.49 Cr	Chemicals & Petrochemicals	0.73%
57	Apollo Tyres Limited ₹9.11 Cr	Auto Components	0.70%
58	Jyoti CNC Automation Ltd ₹8.86 Cr	Industrial Manufacturing	0.68%
59	Tinna Rubber And Infrastructure Ltd. ₹8.32 Cr	Industrial Products	0.64%
60	Navin Fluorine International Limited ₹7.53 Cr	Chemicals & Petrochemicals	0.58%
61	Swiggy Limited ₹7.50 Cr	Retailing	0.58%
62	Housing & Urban Development Corporation Limited ₹7.56 Cr	Finance	0.58%
63	Horizon Industrial Parks Ltd. ₹6.93 Cr	Realty	0.53%
64	Cohance Lifesciences Limited ₹6.63 Cr	Pharmaceuticals & Biotechnology	0.51%
65	JSW Infrastructure Ltd ₹6.45 Cr	Transport Infrastructure	0.49%
66	Hindustan Petroleum Corporation Limited ₹5.48 Cr	Petroleum Products	0.42%
67	Leap India Limited ₹5.20 Cr	Commercial Services & Supplies	0.40%
68	Coromandel International Limited ₹4.98 Cr	Fertilizers & Agrochemicals	0.38%
69	Delhivery Limited ₹4.51 Cr	Transport Services	0.35%
70	Varmora Granito Limited ₹3.77 Cr	Consumer Durables	0.29%
71	Gaja Alternative AMC Limited ₹3.06 Cr	Capital Markets	0.23%
72	ESDS Software Solution Ltd ₹16.60 L	IT - Services	0.01%