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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹1,204.76 Cr

Equity only, excl. debt & cash

Top 5 Weight

16.8%

Diversified

Top 10 Weight

30.7%

Diversified

Changes

2 new · 1 exits

Top Sector

Pharmaceuticals & Biotechnology

11.0% of portfolio

📋 What Happened This Month JM Midcap Fund (Direct) made 2 new additions and exited 1 stock this month. The biggest new buy was Indus Towers Limited (Telecom - Services) at 0.82% weight. GlaxoSmithKline Pharmaceuticals Limited was the biggest exit (Pharmaceuticals & Biotechnology), which was held at 0.94%. Among existing holdings, Avalon Technologies Limited saw the biggest increase — now at 3.23% of the portfolio. Hindustan Petroleum Corporation Limited was trimmed the most, now at 0.49%. Godfrey Phillips India Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 11.0%. ↓ 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

+3.45%

+21.16%

+10.21%

+10.70%

Latest NAV

₹22.00

24 Jun 2026

52W High

₹22.05

-0% from High

52W Low

₹16.73

+31% 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

29.0%

+ve in 84% windows

81.4% / -7.7%

3Y Rolling Avg

25.4% 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)

1.17

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.61

Penalises downside volatility only.

Std Deviation (3Y)

17.6%

Lower = more consistent returns.

NAV Chart ₹22.00 24 Jun 2026

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

JM Midcap Fund (Direct) - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹22.00

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	15.4%	12.3%	▼ -3.1%
Banks	9.9%	10.3%	▲ +0.3%
Electrical Equipment	6.1%	8.0%	▲ +1.9%
Auto Components	7.5%	7.7%	▲ +0.2%
Capital Markets	6.0%	7.6%	▲ +1.6%
Industrial Products	4.4%	5.0%	▲ +0.6%
IT - Software	3.1%	4.2%	▲ +1.1%
Cigarettes & Tobacco Products	3.6%	3.7%	▲ +0.1%
Cement & Cement Products	4.3%	3.6%	▼ -0.7%
Finance	2.7%	3.4%	▲ +0.7%

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%

🟢

Biggest New Buy

Indus Towers Limited

0.82% weight · Telecom - Services

🔴

Biggest Exit

GlaxoSmithKline Pharmaceuticals Limited

0.94% was held · Pharmaceuticals & Biotechnology

↑

Biggest Add

Avalon Technologies Limited

+0.88% · now 3.23%

↓

Biggest Trim

Hindustan Petroleum Corporation Limited

-0.85% · now 0.49%

🤝 Other funds also bought this month

Indus Towers Limited 24 funds

Endurance Technologies Limited 15 funds

👋 Other funds also exited

GlaxoSmithKline Pharmaceuticals Limited 2 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 2 New Entries 🔴 1 Exit ↑ 29 Increased ↓ 32 Decreased

#	Stock	Sector	Weight (May 2026)
1	Indus Towers Limited ₹9.95 Cr	Telecom - Services	0.82%
2	Endurance Technologies Limited ₹4.34 Cr	Auto Components	0.36%

#	Stock	Sector	Last Weight (Apr 2026)
1	GlaxoSmithKline Pharmaceuticals Limited ₹10.97 Cr	Pharmaceuticals & Biotechnology	0.94%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Avalon Technologies Limited ₹39.28 Cr	Electrical Equipment	2.35%	3.23%	+0.88%
2	Multi Commodity Exchange of India Limited ₹13.00 Cr	Capital Markets	0.51%	1.07%	+0.56%
3	PB Fintech Limited ₹17.69 Cr	Financial Technology (Fintech)	0.99%	1.45%	+0.46%
4	Acutaas Chemicals Ltd ₹34.46 Cr	Pharmaceuticals & Biotechnology	2.46%	2.83%	+0.37%
5	Dixon Technologies (India) Limited ₹23.17 Cr	Consumer Durables	1.55%	1.90%	+0.35%
6	Arvind Limited ₹31.83 Cr	Textiles & Apparels	2.31%	2.62%	+0.31%
7	Hitachi Energy India Limited ₹20.95 Cr	Electrical Equipment	1.44%	1.72%	+0.28%
8	Garware Hi-Tech Films Ltd ₹20.88 Cr	Industrial Products	1.46%	1.72%	+0.26%
9	BSE Limited ₹35.24 Cr	Capital Markets	2.66%	2.90%	+0.24%
10	E2E Networks Limited ₹11.38 Cr	IT - Services	0.72%	0.94%	+0.22%
11	Apar Industries Limited ₹11.19 Cr	Electrical Equipment	0.72%	0.92%	+0.20%
12	Cummins India Limited ₹33.42 Cr	Industrial Products	2.58%	2.75%	+0.17%
13	Sumitomo Chemical India Limited ₹15.89 Cr	Fertilizers & Agrochemicals	1.14%	1.31%	+0.17%
14	Aurobindo Pharma Limited ₹20.52 Cr	Pharmaceuticals & Biotechnology	1.55%	1.69%	+0.14%
15	Motilal Oswal Financial Services Limited ₹23.17 Cr	Capital Markets	1.81%	1.90%	+0.09%
16	Bharat Heavy Electricals Limited ₹19.59 Cr	Electrical Equipment	1.52%	1.61%	+0.09%
17	Coforge Limited ₹24.88 Cr	IT - Software	1.96%	2.04%	+0.08%
18	Syrma SGS Technology Limited ₹17.96 Cr	Industrial Manufacturing	1.40%	1.48%	+0.08%
19	Thermax Limited ₹7.10 Cr	Electrical Equipment	0.50%	0.58%	+0.08%
20	Waaree Energies Limited ₹18.62 Cr	Electrical Equipment	1.46%	1.53%	+0.07%
21	Wework India Management Limited ₹17.40 Cr	Commercial Services & Supplies	1.36%	1.43%	+0.07%
22	Tube Investments of India Limited ₹40.84 Cr	Auto Components	3.30%	3.36%	+0.06%
23	SRF Limited ₹26.63 Cr	Chemicals & Petrochemicals	2.13%	2.19%	+0.06%
24	Tinna Rubber And Infrastructure Ltd. ₹11.89 Cr	Industrial Products	0.94%	0.98%	+0.04%
25	Marico Limited ₹37.39 Cr	Agricultural Food & other Products	3.04%	3.07%	+0.03%
26	Titagarh Rail Systems Limited ₹14.08 Cr	Industrial Manufacturing	1.13%	1.16%	+0.03%
27	360 One WAM Limited ₹13.60 Cr	Capital Markets	1.10%	1.12%	+0.02%
28	CarTrade Tech Limited ₹10.97 Cr	Retailing	0.88%	0.90%	+0.02%
29	National Aluminium Company Limited ₹7.64 Cr	Non - Ferrous Metals	0.62%	0.63%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Hindustan Petroleum Corporation Limited ₹5.96 Cr	Petroleum Products	1.34%	0.49%	-0.85%
2	JK Cement Limited ₹25.04 Cr	Cement & Cement Products	2.84%	2.06%	-0.78%
3	Indian Bank ₹26.66 Cr	Banks	2.71%	2.19%	-0.52%
4	Lupin Limited ₹17.46 Cr	Pharmaceuticals & Biotechnology	1.79%	1.43%	-0.36%
5	Poonawalla Fincorp Limited ₹19.60 Cr	Finance	1.95%	1.61%	-0.34%
6	AU Small Finance Bank Limited ₹16.74 Cr	Banks	1.70%	1.38%	-0.32%
7	Glenmark Pharmaceuticals Limited ₹33.26 Cr	Pharmaceuticals & Biotechnology	3.03%	2.73%	-0.30%
8	Mahindra & Mahindra Financial Services Limited ₹14.42 Cr	Finance	1.47%	1.19%	-0.28%
9	Hero MotoCorp Limited ₹22.85 Cr	Automobiles	2.13%	1.88%	-0.25%
10	Billionbrains Garage Ventures Ltd ₹15.56 Cr	Capital Markets	1.48%	1.28%	-0.20%
11	Jubilant Foodworks Limited ₹10.65 Cr	Leisure Services	1.03%	0.87%	-0.16%
12	Cohance Lifesciences Limited ₹7.82 Cr	Pharmaceuticals & Biotechnology	0.80%	0.64%	-0.16%
13	Ashok Leyland Limited ₹19.73 Cr	Agricultural, Commercial & Construction Vehicles	1.77%	1.62%	-0.15%
14	Jindal Steel Limited ₹27.97 Cr	Ferrous Metals	2.44%	2.30%	-0.14%
15	Jyoti CNC Automation Ltd ₹5.02 Cr	Industrial Manufacturing	0.54%	0.41%	-0.13%
16	Godfrey Phillips India Limited ₹43.86 Cr	Cigarettes & Tobacco Products	3.72%	3.60%	-0.12%
17	Bank of Maharashtra ₹33.04 Cr	Banks	2.81%	2.71%	-0.10%
18	IDFC First Bank Limited ₹21.75 Cr	Banks	1.89%	1.79%	-0.10%
19	Jana Small Finance Bank Ltd ₹13.12 Cr	Banks	1.16%	1.08%	-0.08%
20	Prestige Estates Projects Limited ₹11.78 Cr	Realty	1.05%	0.97%	-0.08%
21	Delhivery Limited ₹10.00 Cr	Transport Services	0.89%	0.82%	-0.07%
22	Coromandel International Limited ₹4.96 Cr	Fertilizers & Agrochemicals	0.48%	0.41%	-0.07%
23	Mphasis Limited ₹14.00 Cr	IT - Software	1.21%	1.15%	-0.06%
24	The India Cements Limited ₹8.54 Cr	Cement & Cement Products	0.76%	0.70%	-0.06%
25	Fortis Healthcare Limited ₹13.93 Cr	Healthcare Services	1.19%	1.14%	-0.05%
26	Devyani International Limited ₹4.15 Cr	Leisure Services	0.39%	0.34%	-0.05%
27	One 97 Communications Limited ₹18.77 Cr	Financial Technology (Fintech)	1.58%	1.54%	-0.04%
28	Sona BLW Precision Forgings Limited ₹10.03 Cr	Auto Components	0.86%	0.82%	-0.04%
29	FSN E-Commerce Ventures Limited ₹8.66 Cr	Retailing	0.75%	0.71%	-0.04%
30	Linde India Limited ₹8.60 Cr	Chemicals & Petrochemicals	0.75%	0.71%	-0.04%
31	Bharat Forge Limited ₹42.96 Cr	Auto Components	3.56%	3.53%	-0.03%
32	KPIT Technologies Limited ₹11.97 Cr	IT - Software	1.01%	0.98%	-0.03%

What Stocks Does This Fund Hold?

64 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Godfrey Phillips India Limited ₹43.86 Cr	Cigarettes & Tobacco Products	3.60%
2	Bharat Forge Limited ₹42.96 Cr	Auto Components	3.53%
3	Tube Investments of India Limited ₹40.84 Cr	Auto Components	3.36%
4	Avalon Technologies Limited ₹39.28 Cr	Electrical Equipment	3.23%
5	Marico Limited ₹37.39 Cr	Agricultural Food & other Products	3.07%
6	BSE Limited ₹35.24 Cr	Capital Markets	2.90%
7	Acutaas Chemicals Ltd ₹34.46 Cr	Pharmaceuticals & Biotechnology	2.83%
8	Cummins India Limited ₹33.42 Cr	Industrial Products	2.75%
9	Glenmark Pharmaceuticals Limited ₹33.26 Cr	Pharmaceuticals & Biotechnology	2.73%
10	Bank of Maharashtra ₹33.04 Cr	Banks	2.71%
11	Arvind Limited ₹31.83 Cr	Textiles & Apparels	2.62%
12	Jindal Steel Limited ₹27.97 Cr	Ferrous Metals	2.30%
13	Indian Bank ₹26.66 Cr	Banks	2.19%
14	SRF Limited ₹26.63 Cr	Chemicals & Petrochemicals	2.19%
15	JK Cement Limited ₹25.04 Cr	Cement & Cement Products	2.06%
16	Coforge Limited ₹24.88 Cr	IT - Software	2.04%
17	Motilal Oswal Financial Services Limited ₹23.17 Cr	Capital Markets	1.90%
18	Dixon Technologies (India) Limited ₹23.17 Cr	Consumer Durables	1.90%
19	Hero MotoCorp Limited ₹22.85 Cr	Automobiles	1.88%
20	IDFC First Bank Limited ₹21.75 Cr	Banks	1.79%
21	Onesource Specialty Pharma Limited ₹20.97 Cr	Pharmaceuticals & Biotechnology	1.72%
22	Hitachi Energy India Limited ₹20.95 Cr	Electrical Equipment	1.72%
23	Garware Hi-Tech Films Ltd ₹20.88 Cr	Industrial Products	1.72%
24	Aurobindo Pharma Limited ₹20.52 Cr	Pharmaceuticals & Biotechnology	1.69%
25	Ashok Leyland Limited ₹19.73 Cr	Agricultural, Commercial & Construction Vehicles	1.62%
26	Poonawalla Fincorp Limited ₹19.60 Cr	Finance	1.61%
27	Bharat Heavy Electricals Limited ₹19.59 Cr	Electrical Equipment	1.61%
28	One 97 Communications Limited ₹18.77 Cr	Financial Technology (Fintech)	1.54%
29	Waaree Energies Limited ₹18.62 Cr	Electrical Equipment	1.53%
30	Syrma SGS Technology Limited ₹17.96 Cr	Industrial Manufacturing	1.48%
31	PB Fintech Limited ₹17.69 Cr	Financial Technology (Fintech)	1.45%
32	Wework India Management Limited ₹17.40 Cr	Commercial Services & Supplies	1.43%
33	Lupin Limited ₹17.46 Cr	Pharmaceuticals & Biotechnology	1.43%
34	AU Small Finance Bank Limited ₹16.74 Cr	Banks	1.38%
35	Sumitomo Chemical India Limited ₹15.89 Cr	Fertilizers & Agrochemicals	1.31%
36	Billionbrains Garage Ventures Ltd ₹15.56 Cr	Capital Markets	1.28%
37	Mahindra & Mahindra Financial Services Limited ₹14.42 Cr	Finance	1.19%
38	Titagarh Rail Systems Limited ₹14.08 Cr	Industrial Manufacturing	1.16%
39	Mphasis Limited ₹14.00 Cr	IT - Software	1.15%
40	Fortis Healthcare Limited ₹13.93 Cr	Healthcare Services	1.14%
41	360 One WAM Limited ₹13.60 Cr	Capital Markets	1.12%
42	Jana Small Finance Bank Ltd ₹13.12 Cr	Banks	1.08%
43	Multi Commodity Exchange of India Limited ₹13.00 Cr	Capital Markets	1.07%
44	KPIT Technologies Limited ₹11.97 Cr	IT - Software	0.98%
45	Tinna Rubber And Infrastructure Ltd. ₹11.89 Cr	Industrial Products	0.98%
46	Prestige Estates Projects Limited ₹11.78 Cr	Realty	0.97%
47	E2E Networks Limited ₹11.38 Cr	IT - Services	0.94%
48	Apar Industries Limited ₹11.19 Cr	Electrical Equipment	0.92%
49	CarTrade Tech Limited ₹10.97 Cr	Retailing	0.90%
50	Jubilant Foodworks Limited ₹10.65 Cr	Leisure Services	0.87%
51	Sona BLW Precision Forgings Limited ₹10.03 Cr	Auto Components	0.82%
52	Delhivery Limited ₹10.00 Cr	Transport Services	0.82%
53	Indus Towers Limited ₹9.95 Cr	Telecom - Services	0.82%
54	FSN E-Commerce Ventures Limited ₹8.66 Cr	Retailing	0.71%
55	Linde India Limited ₹8.60 Cr	Chemicals & Petrochemicals	0.71%
56	The India Cements Limited ₹8.54 Cr	Cement & Cement Products	0.70%
57	Cohance Lifesciences Limited ₹7.82 Cr	Pharmaceuticals & Biotechnology	0.64%
58	National Aluminium Company Limited ₹7.64 Cr	Non - Ferrous Metals	0.63%
59	Thermax Limited ₹7.10 Cr	Electrical Equipment	0.58%
60	Hindustan Petroleum Corporation Limited ₹5.96 Cr	Petroleum Products	0.49%
61	Jyoti CNC Automation Ltd ₹5.02 Cr	Industrial Manufacturing	0.41%
62	Coromandel International Limited ₹4.96 Cr	Fertilizers & Agrochemicals	0.41%
63	Endurance Technologies Limited ₹4.34 Cr	Auto Components	0.36%
64	Devyani International Limited ₹4.15 Cr	Leisure Services	0.34%