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JM Small Cap Fund (Direct) - Growth Option

Small Cap Data as of Oct 2026 Comparing Sep 2026 → Oct 2026
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Stocks Held
84
Oct 2026
Equity Holdings
₹853.06 Cr
Equity only, excl. debt & cash
AAUM
₹896.84 Cr
Jul-Sep 2026 · Direct + Regular
Top 5 Weight
16.3%
Diversified
Top 10 Weight
27.0%
Diversified
Changes
89
5 new · 9 exits
Top Sector
Industrial Products
17.1% of portfolio
Launch Date
27 May 2024
2 years old

AAUM (Average Assets Under Management) of ₹896.84 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 Small Cap Fund (Direct) made 5 new additions and exited 9 stocks this month. The biggest new buy was Fusion Cx Ltd. (Commercial Services & Supplies) at 1.05% weight. Titagarh Rail Systems Limited was the biggest exit (Industrial Manufacturing), which was held at 0.96%. Among existing holdings, Ather Energy Limited saw the biggest increase — now at 2.63% of the portfolio. Jana Small Finance Bank Ltd was trimmed the most, now at 1.31%. Garware Hi-Tech Films Ltd remains the top holding with Industrial Products the dominant sector at 17.1%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Aug 2026 → Sep 2026
Sector Prev Curr ▼ Delta
Industrial Products 14.6% 16.9% ▲ +2.4%
Auto Components 7.8% 8.3% ▲ +0.6%
Finance 8.4% 7.1% ▼ -1.3%
Pharmaceuticals & Biotechnology 7.2% 6.9% ▼ -0.3%
Electrical Equipment 7.0% 6.8% ▼ -0.2%
Banks 5.8% 5.1% ▼ -0.7%
Chemicals & Petrochemicals 5.1% 4.9% ▼ -0.2%
Consumer Durables 4.7% 4.9% ▲ +0.2%
Leisure Services 4.6% 3.8% ▼ -0.8%
Industrial Manufacturing 3.5% 3.8% ▲ +0.2%
Sep 2026 → Oct 2026
Sector Prev Curr ▼ Delta
Industrial Products 16.9% 17.1% ▲ +0.2%
Auto Components 8.3% 8.8% ▲ +0.4%
Electrical Equipment 6.8% 7.0% ▲ +0.2%
Pharmaceuticals & Biotechnology 6.9% 6.9% ● -0.1%
Finance 7.1% 5.7% ▼ -1.4%
Consumer Durables 4.9% 4.9% ● 0.0%
Chemicals & Petrochemicals 4.9% 4.5% ▼ -0.4%
Commercial Services & Supplies 2.2% 3.7% ▲ +1.5%
Leisure Services 3.8% 3.3% ▼ -0.5%
Banks 5.1% 3.3% ▼ -1.8%
🟢
Biggest New Buy
Fusion Cx Ltd.
1.05% weight · Commercial Services & Supplies
🔴
Biggest Exit
Titagarh Rail Systems Limited
0.96% was held · Industrial Manufacturing
↑
Biggest Add
Ather Energy Limited
+0.96% · now 2.63%
↓
Biggest Trim
Jana Small Finance Bank Ltd
-0.69% · now 1.31%
🤝 Other funds also bought this month
Bonfiglioli Transmissions Ltd. 47 funds
Bonfiglioli Transmissions Ltd.
Nippon India Innovation Fund-Direct Plan-Growth Option
Nippon India MNC Fund
Nippon India Flexi Cap Fund - Direct Plan - Growth Plan - Growth Option + more
Welspun Corp Limited 24 funds
Welspun Corp Limited
NJ Momentum Fund
Mirae Asset Infrastructure Fund - Direct Plan - Growth
Zerodha Nifty Smallcap 100 ETF + more
Sterlite Technologies Limited 20 funds
Sterlite Technologies Limited
Zerodha Nifty Smallcap 100 ETF
Tata Nifty India Digital Exchange Traded Fund
DSP Nifty Smallcap 250 Index Fund - Direct - Growth + more
Fusion Cx Ltd. 12 funds
Fusion Cx Ltd.
Motilal Oswal Digital India Fund - Direct Plan - Growth
ITI Business Cycle Fund- Direct Plan- Growth
Kotak Services Fund - Direct - Growth + more
E2E Networks Limited 5 funds
E2E Networks Limited
JM Large & Mid Cap Fund (Direct) - Growth Option
Bandhan Aggressive Hybrid Fund-Direct Plan Growth
THE WEALTH COMPANY SMALL CAP FUND + more
👋 Other funds also exited
Neuland Laboratories Limited 14 funds
Neuland Laboratories Limited
WhiteOak Capital Pharma and Healthcare Fund
Mirae Asset Small Cap Fund - Direct Plan - Growth
ITI Business Cycle Fund- Direct Plan- Growth + more
KSB Limited 13 funds
KSB Limited
Union Small Cap Fund - Direct Plan - Growth Option
Union Multicap Fund - Direct Plan - Growth Option
CANARA ROBECO MANUFACTURING FUND + more
Tenneco Clean Air India Limited 12 funds
Tenneco Clean Air India Limited
Edelweiss Recently Listed IPO Fund Direct Plan Growth
Mirae Asset Small Cap Fund - Direct Plan - Growth
Axis Innovation Fund - Direct Plan - Growth Option + more
The Jammu & Kashmir Bank Limited 11 funds
The Jammu & Kashmir Bank Limited
Motilal Oswal Financial Services Fund- Direct Growth
Groww Banking & Financial Services Fund - Direct Plan - Growth
Samco Active Momentum Fund + more
Titagarh Rail Systems Limited 9 funds
Titagarh Rail Systems Limited
HSBC Large & Mid Cap Fund - Direct Growth
Mirae Asset Multicap Fund - Direct Plan - Growth
Mirae Asset Large Cap Fund - Direct Plan - Growth + more
Equitas Small Finance Bank Limited 8 funds
Equitas Small Finance Bank Limited
SBI Long Term Advantage Fund - Series VI - Direct Plan - Growth
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth
Mirae Asset Small Cap Fund - Direct Plan - Growth + more

What Changed in the Portfolio This Month?

Comparing Sep 2026 → Oct 2026

Sep 2026 → Oct 2026
🟢 5 New Entries 🔴 9 Exits ↑ 34 Increased ↓ 41 Decreased
#StockSectorWeight (Oct 2026)
1
Fusion Cx Ltd.
₹9.17 Cr
Commercial Services & Supplies 1.05%
2
Welspun Corp Limited
₹7.02 Cr
Industrial Products 0.81%
3
Sterlite Technologies Limited
₹7.01 Cr
Telecom - Equipment & Accessories 0.80%
4
Bonfiglioli Transmissions Ltd.
₹5.33 Cr
Industrial Manufacturing 0.61%
5
E2E Networks Limited
₹3.64 Cr
IT - Services 0.42%
#StockSectorLast Weight (Sep 2026)
1
Titagarh Rail Systems Limited
₹9.00 Cr
Industrial Manufacturing 0.96%
2
Neuland Laboratories Limited
₹8.54 Cr
Pharmaceuticals & Biotechnology 0.91%
3
The Jammu & Kashmir Bank Limited
₹6.83 Cr
Banks 0.73%
4
Equitas Small Finance Bank Limited
₹4.83 Cr
Banks 0.51%
5
Patel Engineering Limited
₹4.51 Cr
Construction 0.48%
6
Hi-Tech Pipes Limited
₹4.00 Cr
Industrial Products 0.43%
7
Devyani International Limited
₹3.91 Cr
Leisure Services 0.42%
8
KSB Limited
₹2.48 Cr
Industrial Products 0.26%
9
Tenneco Clean Air India Limited
₹1.94 Cr
Auto Components 0.21%
#StockSectorSep 2026Oct 2026Change
1
Ather Energy Limited
₹22.94 Cr
Automobiles 1.67% 2.63% +0.96%
2
Black Box Limited
₹12.65 Cr
IT - Services 0.58% 1.45% +0.87%
3
Angel One Limited
₹11.34 Cr
Capital Markets 0.62% 1.30% +0.68%
4
Acutaas Chemicals Ltd
₹30.59 Cr
Pharmaceuticals & Biotechnology 2.91% 3.51% +0.60%
5
Lumax Auto Technologies Limited
₹13.68 Cr
Auto Components 1.11% 1.57% +0.46%
6
Blue Star Limited
₹8.50 Cr
Consumer Durables 0.60% 0.98% +0.38%
7
JSW Cement Limited
₹7.16 Cr
Cement & Cement Products 0.46% 0.82% +0.36%
8
Leela Palaces Hotels & Resorts Limited
₹10.14 Cr
Leisure Services 0.88% 1.16% +0.28%
9
Diamond Power Infrastructure Limited
₹9.24 Cr
Electrical Equipment 0.78% 1.06% +0.28%
10
S.J.S. Enterprises Limited
₹6.68 Cr
Auto Components 0.53% 0.77% +0.24%
#StockSectorSep 2026Oct 2026Change
1
Jana Small Finance Bank Ltd
₹11.39 Cr
Banks 2.00% 1.31% -0.69%
2
CreditAccess Grameen Limited
₹7.50 Cr
Finance 1.38% 0.86% -0.52%
3
Fineotex Chemical Limited
₹12.24 Cr
Chemicals & Petrochemicals 1.93% 1.41% -0.52%
4
Fusion Finance Ltd
₹15.79 Cr
Finance 2.30% 1.81% -0.49%
5
Hero Motors Ltd
₹4.85 Cr
Automobile and Auto Components 0.96% 0.56% -0.40%
6
Five Star Business Finance Limited
₹20.24 Cr
Finance 2.69% 2.32% -0.37%
7
EQ - YATRA ONLINE LTD.
₹5.47 Cr
Leisure Services 0.96% 0.63% -0.33%
8
Avalon Technologies Limited
₹15.38 Cr
Electrical Equipment 2.07% 1.77% -0.30%
9
SKF INDIA INDUSTRIAL LTD
₹6.44 Cr
Industrial Products 1.01% 0.74% -0.27%
10
Thangamayil Jewellery Limited
₹14.98 Cr
Consumer Durables 1.97% 1.72% -0.25%

What Stocks Does This Fund Hold?

84 stocks — Oct 2026

# Stock Sector Cap Weight & Value
1
₹39.31 Cr
Industrial Products
4.51%
2
₹30.59 Cr
Pharmaceuticals & Biotechnology
3.51%
3
₹27.22 Cr
Chemicals & Petrochemicals
3.13%
4
₹22.94 Cr
Automobiles
2.63%
5
₹21.51 Cr
Industrial Products
2.47%
6
₹20.24 Cr
Finance
2.32%
7
₹19.99 Cr
Electrical Equipment
2.30%
8
₹18.90 Cr
Pharmaceuticals & Biotechnology
2.17%
9
₹17.45 Cr
Banks
2.00%
10
₹16.61 Cr
Financial Technology (Fintech)
1.91%
🏆 Top stocks held by Small Cap funds
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🏦 JM Financial Mutual Fund — Portfolio & Holdings
See all funds managed by JM Financial Mutual Fund — conviction stocks, monthly entries & exits
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Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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