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 Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹1,154.12 Cr

Equity only, excl. debt & cash

Top 5 Weight

16.7%

Diversified

Top 10 Weight

30.3%

Diversified

Changes

4 new · 1 exits

Top Sector

Pharmaceuticals & Biotechnology

12.3% 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 Apar Industries Limited (Electrical Equipment) at 0.72% weight. Bharti Hexacom Limited was the biggest exit (Telecom - Services), which was held at 0.93%. Among existing holdings, Poonawalla Fincorp Limited saw the biggest increase — now at 1.95% of the portfolio. Lupin Limited was trimmed the most, now at 1.79%. Godfrey Phillips India Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 12.3%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

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

+1.45%

+11.23%

+4.71%

+7.35%

Latest NAV

₹21.17

04 Jun 2026

52W High

₹21.40

-1% from High

52W Low

₹16.73

+27% 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

29.4%

+ve in 84% windows

81.4% / -7.7%

3Y Rolling Avg

25.3% 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)

1.59

Penalises downside volatility only.

Std Deviation (3Y)

17.5%

Lower = more consistent returns.

NAV Chart ₹21.17 04 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: ₹21.17

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	13.4%	15.4%	▲ +2.0%
Banks	10.8%	9.9%	▼ -0.8%
Auto Components	6.6%	7.5%	▲ +0.9%
Electrical Equipment	5.1%	6.1%	▲ +1.0%
Capital Markets	5.6%	6.0%	▲ +0.4%
Industrial Products	4.7%	4.4%	▼ -0.3%
Cement & Cement Products	4.5%	4.3%	▼ -0.3%
Cigarettes & Tobacco Products	3.7%	3.6%	● -0.1%
Agricultural Food & other Products	3.0%	3.3%	▲ +0.3%
Chemicals & Petrochemicals	2.7%	3.2%	▲ +0.5%

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%

🟢

Biggest New Buy

Apar Industries Limited

0.72% weight · Electrical Equipment

🔴

Biggest Exit

Bharti Hexacom Limited

0.93% was held · Telecom - Services

↑

Biggest Add

Poonawalla Fincorp Limited

+1.03% · now 1.95%

↓

Biggest Trim

Lupin Limited

-1.40% · now 1.79%

🤝 Other funds also bought this month

Multi Commodity Exchange of India Limited 52 funds

National Aluminium Company Limited 27 funds

Thermax Limited 18 funds

Apar Industries Limited 17 funds

👋 Other funds also exited

Bharti Hexacom Limited 8 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 4 New Entries 🔴 1 Exit ↑ 35 Increased ↓ 23 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Apar Industries Limited ₹8.39 Cr	Electrical Equipment	0.72%
2	National Aluminium Company Limited ₹7.19 Cr	Non - Ferrous Metals	0.62%
3	Multi Commodity Exchange of India Limited ₹5.94 Cr	Capital Markets	0.51%
4	Thermax Limited ₹5.81 Cr	Electrical Equipment	0.50%

#	Stock	Sector	Last Weight (Mar 2026)
1	Bharti Hexacom Limited ₹9.52 Cr	Telecom - Services	0.93%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Poonawalla Fincorp Limited ₹22.61 Cr	Finance	0.92%	1.95%	+1.03%
2	Mphasis Limited ₹14.03 Cr	IT - Software	0.50%	1.21%	+0.71%
3	Billionbrains Garage Ventures Ltd ₹17.20 Cr	Capital Markets	0.96%	1.48%	+0.52%
4	Cummins India Limited ₹29.93 Cr	Industrial Products	2.07%	2.58%	+0.51%
5	Jindal Steel Limited ₹28.33 Cr	Ferrous Metals	1.98%	2.44%	+0.46%
6	Syrma SGS Technology Limited ₹16.30 Cr	Industrial Manufacturing	0.97%	1.40%	+0.43%
7	BSE Limited ₹30.94 Cr	Capital Markets	2.24%	2.66%	+0.42%
8	Bharat Heavy Electricals Limited ₹17.62 Cr	Electrical Equipment	1.20%	1.52%	+0.32%
9	Bank of Maharashtra ₹32.66 Cr	Banks	2.51%	2.81%	+0.30%
10	Hindustan Petroleum Corporation Limited ₹15.59 Cr	Petroleum Products	1.04%	1.34%	+0.30%
11	Hitachi Energy India Limited ₹16.78 Cr	Electrical Equipment	1.15%	1.44%	+0.29%
12	Sona BLW Precision Forgings Limited ₹10.02 Cr	Auto Components	0.57%	0.86%	+0.29%
13	Prestige Estates Projects Limited ₹12.16 Cr	Realty	0.77%	1.05%	+0.28%
14	AU Small Finance Bank Limited ₹19.79 Cr	Banks	1.43%	1.70%	+0.27%
15	KPIT Technologies Limited ₹11.77 Cr	IT - Software	0.75%	1.01%	+0.26%
16	Cohance Lifesciences Limited ₹9.24 Cr	Pharmaceuticals & Biotechnology	0.57%	0.80%	+0.23%
17	Motilal Oswal Financial Services Limited ₹21.08 Cr	Capital Markets	1.63%	1.81%	+0.18%
18	Coforge Limited ₹22.72 Cr	IT - Software	1.80%	1.96%	+0.16%
19	One 97 Communications Limited ₹18.38 Cr	Financial Technology (Fintech)	1.43%	1.58%	+0.15%
20	E2E Networks Limited ₹8.37 Cr	IT - Services	0.58%	0.72%	+0.14%
21	Tinna Rubber And Infrastructure Ltd. ₹10.96 Cr	Industrial Products	0.81%	0.94%	+0.13%
22	Dixon Technologies (India) Limited ₹17.98 Cr	Consumer Durables	1.43%	1.55%	+0.12%
23	Wework India Management Limited ₹15.84 Cr	Commercial Services & Supplies	1.24%	1.36%	+0.12%
24	Godfrey Phillips India Limited ₹43.25 Cr	Cigarettes & Tobacco Products	3.62%	3.72%	+0.10%
25	Waaree Energies Limited ₹16.93 Cr	Electrical Equipment	1.37%	1.46%	+0.09%
26	IDFC First Bank Limited ₹21.94 Cr	Banks	1.82%	1.89%	+0.07%
27	Delhivery Limited ₹10.32 Cr	Transport Services	0.82%	0.89%	+0.07%
28	Onesource Specialty Pharma Limited ₹19.97 Cr	Pharmaceuticals & Biotechnology	1.66%	1.72%	+0.06%
29	Jana Small Finance Bank Ltd ₹13.52 Cr	Banks	1.10%	1.16%	+0.06%
30	FSN E-Commerce Ventures Limited ₹8.74 Cr	Retailing	0.69%	0.75%	+0.06%
31	Arvind Limited ₹26.80 Cr	Textiles & Apparels	2.27%	2.31%	+0.04%
32	PB Fintech Limited ₹11.48 Cr	Financial Technology (Fintech)	0.96%	0.99%	+0.03%
33	Fortis Healthcare Limited ₹13.84 Cr	Healthcare Services	1.17%	1.19%	+0.02%
34	CarTrade Tech Limited ₹10.26 Cr	Retailing	0.86%	0.88%	+0.02%
35	The India Cements Limited ₹8.86 Cr	Cement & Cement Products	0.75%	0.76%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Lupin Limited ₹20.75 Cr	Pharmaceuticals & Biotechnology	3.19%	1.79%	-1.40%
2	Hero MotoCorp Limited ₹24.79 Cr	Automobiles	2.98%	2.13%	-0.85%
3	Coromandel International Limited ₹5.61 Cr	Fertilizers & Agrochemicals	1.26%	0.48%	-0.78%
4	Acutaas Chemicals Ltd ₹28.54 Cr	Pharmaceuticals & Biotechnology	3.22%	2.46%	-0.76%
5	Glenmark Pharmaceuticals Limited ₹35.19 Cr	Pharmaceuticals & Biotechnology	3.77%	3.03%	-0.74%
6	JK Cement Limited ₹33.01 Cr	Cement & Cement Products	3.51%	2.84%	-0.67%
7	Jubilant Foodworks Limited ₹11.92 Cr	Leisure Services	1.50%	1.03%	-0.47%
8	Indian Bank ₹31.52 Cr	Banks	3.07%	2.71%	-0.36%
9	Mahindra & Mahindra Financial Services Limited ₹17.09 Cr	Finance	1.79%	1.47%	-0.32%
10	GlaxoSmithKline Pharmaceuticals Limited ₹10.97 Cr	Pharmaceuticals & Biotechnology	1.21%	0.94%	-0.27%
11	Marico Limited ₹35.26 Cr	Agricultural Food & other Products	3.28%	3.04%	-0.24%
12	SRF Limited ₹24.69 Cr	Chemicals & Petrochemicals	2.34%	2.13%	-0.21%
13	Aurobindo Pharma Limited ₹18.06 Cr	Pharmaceuticals & Biotechnology	1.76%	1.55%	-0.21%
14	Jyoti CNC Automation Ltd ₹6.32 Cr	Industrial Manufacturing	0.70%	0.54%	-0.16%
15	Linde India Limited ₹8.73 Cr	Chemicals & Petrochemicals	0.87%	0.75%	-0.12%
16	Ashok Leyland Limited ₹20.57 Cr	Agricultural, Commercial & Construction Vehicles	1.87%	1.77%	-0.10%
17	Garware Hi-Tech Films Ltd ₹17.00 Cr	Industrial Products	1.53%	1.46%	-0.07%
18	Devyani International Limited ₹4.49 Cr	Leisure Services	0.46%	0.39%	-0.07%
19	360 One WAM Limited ₹12.74 Cr	Capital Markets	1.15%	1.10%	-0.05%
20	Bharat Forge Limited ₹41.30 Cr	Auto Components	3.60%	3.56%	-0.04%
21	Tube Investments of India Limited ₹38.32 Cr	Auto Components	3.33%	3.30%	-0.03%
22	Sumitomo Chemical India Limited ₹13.28 Cr	Fertilizers & Agrochemicals	1.15%	1.14%	-0.01%
23	Titagarh Rail Systems Limited ₹13.10 Cr	Industrial Manufacturing	1.14%	1.13%	-0.01%

Full Portfolio

63 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	Godfrey Phillips India Limited ₹43.25 Cr	Cigarettes & Tobacco Products	3.72%
2	Bharat Forge Limited ₹41.30 Cr	Auto Components	3.56%
3	Tube Investments of India Limited ₹38.32 Cr	Auto Components	3.30%
4	Marico Limited ₹35.26 Cr	Agricultural Food & other Products	3.04%
5	Glenmark Pharmaceuticals Limited ₹35.19 Cr	Pharmaceuticals & Biotechnology	3.03%
6	JK Cement Limited ₹33.01 Cr	Cement & Cement Products	2.84%
7	Bank of Maharashtra ₹32.66 Cr	Banks	2.81%
8	Indian Bank ₹31.52 Cr	Banks	2.71%
9	BSE Limited ₹30.94 Cr	Capital Markets	2.66%
10	Cummins India Limited ₹29.93 Cr	Industrial Products	2.58%
11	Acutaas Chemicals Ltd ₹28.54 Cr	Pharmaceuticals & Biotechnology	2.46%
12	Jindal Steel Limited ₹28.33 Cr	Ferrous Metals	2.44%
13	Avalon Technologies Limited ₹27.31 Cr	Electrical Equipment	2.35%
14	Arvind Limited ₹26.80 Cr	Textiles & Apparels	2.31%
15	Hero MotoCorp Limited ₹24.79 Cr	Automobiles	2.13%
16	SRF Limited ₹24.69 Cr	Chemicals & Petrochemicals	2.13%
17	Coforge Limited ₹22.72 Cr	IT - Software	1.96%
18	Poonawalla Fincorp Limited ₹22.61 Cr	Finance	1.95%
19	IDFC First Bank Limited ₹21.94 Cr	Banks	1.89%
20	Motilal Oswal Financial Services Limited ₹21.08 Cr	Capital Markets	1.81%
21	Lupin Limited ₹20.75 Cr	Pharmaceuticals & Biotechnology	1.79%
22	Ashok Leyland Limited ₹20.57 Cr	Agricultural, Commercial & Construction Vehicles	1.77%
23	Onesource Specialty Pharma Limited ₹19.97 Cr	Pharmaceuticals & Biotechnology	1.72%
24	AU Small Finance Bank Limited ₹19.79 Cr	Banks	1.70%
25	One 97 Communications Limited ₹18.38 Cr	Financial Technology (Fintech)	1.58%
26	Aurobindo Pharma Limited ₹18.06 Cr	Pharmaceuticals & Biotechnology	1.55%
27	Dixon Technologies (India) Limited ₹17.98 Cr	Consumer Durables	1.55%
28	Bharat Heavy Electricals Limited ₹17.62 Cr	Electrical Equipment	1.52%
29	Billionbrains Garage Ventures Ltd ₹17.20 Cr	Capital Markets	1.48%
30	Mahindra & Mahindra Financial Services Limited ₹17.09 Cr	Finance	1.47%
31	Waaree Energies Limited ₹16.93 Cr	Electrical Equipment	1.46%
32	Garware Hi-Tech Films Ltd ₹17.00 Cr	Industrial Products	1.46%
33	Hitachi Energy India Limited ₹16.78 Cr	Electrical Equipment	1.44%
34	Syrma SGS Technology Limited ₹16.30 Cr	Industrial Manufacturing	1.40%
35	Wework India Management Limited ₹15.84 Cr	Commercial Services & Supplies	1.36%
36	Hindustan Petroleum Corporation Limited ₹15.59 Cr	Petroleum Products	1.34%
37	Mphasis Limited ₹14.03 Cr	IT - Software	1.21%
38	Fortis Healthcare Limited ₹13.84 Cr	Healthcare Services	1.19%
39	Jana Small Finance Bank Ltd ₹13.52 Cr	Banks	1.16%
40	Sumitomo Chemical India Limited ₹13.28 Cr	Fertilizers & Agrochemicals	1.14%
41	Titagarh Rail Systems Limited ₹13.10 Cr	Industrial Manufacturing	1.13%
42	360 One WAM Limited ₹12.74 Cr	Capital Markets	1.10%
43	Prestige Estates Projects Limited ₹12.16 Cr	Realty	1.05%
44	Jubilant Foodworks Limited ₹11.92 Cr	Leisure Services	1.03%
45	KPIT Technologies Limited ₹11.77 Cr	IT - Software	1.01%
46	PB Fintech Limited ₹11.48 Cr	Financial Technology (Fintech)	0.99%
47	Tinna Rubber And Infrastructure Ltd. ₹10.96 Cr	Industrial Products	0.94%
48	GlaxoSmithKline Pharmaceuticals Limited ₹10.97 Cr	Pharmaceuticals & Biotechnology	0.94%
49	Delhivery Limited ₹10.32 Cr	Transport Services	0.89%
50	CarTrade Tech Limited ₹10.26 Cr	Retailing	0.88%
51	Sona BLW Precision Forgings Limited ₹10.02 Cr	Auto Components	0.86%
52	Cohance Lifesciences Limited ₹9.24 Cr	Pharmaceuticals & Biotechnology	0.80%
53	The India Cements Limited ₹8.86 Cr	Cement & Cement Products	0.76%
54	FSN E-Commerce Ventures Limited ₹8.74 Cr	Retailing	0.75%
55	Linde India Limited ₹8.73 Cr	Chemicals & Petrochemicals	0.75%
56	Apar Industries Limited ₹8.39 Cr	Electrical Equipment	0.72%
57	E2E Networks Limited ₹8.37 Cr	IT - Services	0.72%
58	National Aluminium Company Limited ₹7.19 Cr	Non - Ferrous Metals	0.62%
59	Jyoti CNC Automation Ltd ₹6.32 Cr	Industrial Manufacturing	0.54%
60	Multi Commodity Exchange of India Limited ₹5.94 Cr	Capital Markets	0.51%
61	Thermax Limited ₹5.81 Cr	Electrical Equipment	0.50%
62	Coromandel International Limited ₹5.61 Cr	Fertilizers & Agrochemicals	0.48%
63	Devyani International Limited ₹4.49 Cr	Leisure Services	0.39%