What stocks does JM Value Fund (Direct) hold?

JM Value 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 Value Fund (Direct)?

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

What category is JM Value Fund (Direct)?

JM Value Fund (Direct) is classified as a Value/Contra mutual fund under SEBI's mutual fund categorisation framework.

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

Portfolio holdings for JM Value 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 Value Fund (Direct) - Growth Option

Value/Contra Data as of Oct 2026 Comparing Sep 2026 → Oct 2026

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Stocks Held

Oct 2026

Equity Holdings

₹714.50 Cr

Equity only, excl. debt & cash

AAUM

₹753.52 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

18.9%

Diversified

Top 10 Weight

32.8%

Diversified

Changes

3 new · 4 exits

Top Sector

Banks

13.7% of portfolio

Launch Date

25 Mar 1997

10+ year track record

AAUM (Average Assets Under Management) of ₹753.52 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 Value Fund (Direct) made 3 new additions and exited 4 stocks this month. The biggest new buy was Chennai Petroleum Corporation Limited (Petroleum Products) at 1.06% weight. Whirlpool of India Limited was the biggest exit (Consumer Durables), which was held at 0.63%. Among existing holdings, HDFC Bank Limited saw the biggest increase — now at 3.68% of the portfolio. Redington Limited was trimmed the most, now at 3.84%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 13.7%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · JM Value Fund (Direct) - Growth Option

+1.41%

-1.22%

+6.94%

-0.59%

Latest NAV

₹109.22

13 Nov 2026

52W High

₹113.41

-4% from High

52W Low

₹90.97

+20% from Low

Calendar Year Returns

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

2025

-3.2%

2024

+26.7%

2023

+48.7%

2022

+6.1%

2021

+37.2%

2020

+14.1%

2019

+12.7%

2018

-10.6%

2017

+45.9%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

19.8%

+ve in 75% windows

92.3% / -30.2%

3Y Rolling Avg

18.8% p.a.

+ve in 95% windows

37.1% / -6.2%

5Y Rolling Avg

19.6% p.a.

+ve in 100% windows

35.0% / 8.8%

Crisis Period Behaviour

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

2024–25 Tariff

-23.1%

Rec: not yet

COVID-19 Crash

-37.9%

Rec: Nov 2020 (11 mo)

2022 Rate Hike

-20.3%

Rec: Nov 2022 (8 mo)

2018 IL&FS

-17.0%

Rec: Oct 2019 (1yr 6mo)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.23

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.30

Penalises downside volatility only.

Std Deviation (3Y)

17.3%

Lower = more consistent returns.

NAV Chart ₹109.22 13 Nov 2026

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

JM Value Fund (Direct) - Growth Option

Chart shows indexed performance (base = 100). Actual NAV: ₹109.22

Sector Shift Industry allocation month-over-month

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	11.9%	11.3%	▼ -0.6%
Finance	10.2%	10.7%	▲ +0.4%
Auto Components	7.2%	7.0%	▼ -0.2%
Construction	5.7%	5.6%	▼ -0.1%
Electrical Equipment	5.5%	5.2%	▼ -0.4%
IT - Software	5.8%	5.0%	▼ -0.9%
Commercial Services & Supplies	4.4%	4.7%	▲ +0.3%
Industrial Products	2.2%	3.9%	▲ +1.7%
Agricultural, Commercial & Construction Vehicles	3.8%	3.9%	▲ +0.1%
Leisure Services	3.7%	3.6%	▼ -0.1%

Sep 2026 → Oct 2026

Sector	Prev	Curr ▼	Delta
Banks	11.3%	13.7%	▲ +2.3%
Finance	10.7%	9.6%	▼ -1.1%
Auto Components	7.0%	6.6%	▼ -0.3%
IT - Software	5.0%	5.8%	▲ +0.9%
Construction	5.6%	5.7%	● +0.0%
Electrical Equipment	5.2%	4.8%	▼ -0.4%
Leisure Services	3.6%	3.9%	▲ +0.3%
Commercial Services & Supplies	4.7%	3.8%	▼ -0.9%
Agricultural, Commercial & Construction Vehicles	3.9%	3.8%	▼ -0.2%
Industrial Products	3.9%	3.7%	▼ -0.3%

🟢

Biggest New Buy

Chennai Petroleum Corporation Limited

1.06% weight · Petroleum Products

🔴

Biggest Exit

Whirlpool of India Limited

0.63% was held · Consumer Durables

↑

Biggest Add

HDFC Bank Limited

+1.86% · now 3.68%

↓

Biggest Trim

Redington Limited

-0.86% · now 3.84%

🤝 Other funds also bought this month

Muthoot Finance Limited 16 funds

Chennai Petroleum Corporation Limited 9 funds

Jupiter Life Line Hospitals Limited 3 funds

👋 Other funds also exited

Whirlpool of India Limited 10 funds

V-Guard Industries Limited 6 funds

OnEMI Technology Solutions Limited 4 funds

What Changed in the Portfolio This Month?

Comparing Sep 2026 → Oct 2026

Sep 2026 → Oct 2026

🟢 3 New Entries 🔴 4 Exits ↑ 27 Increased ↓ 41 Decreased

#	Stock	Sector	Weight (Oct 2026)
1	Chennai Petroleum Corporation Limited ₹7.68 Cr	Petroleum Products	1.06%
2	Muthoot Finance Limited ₹6.98 Cr	Finance	0.96%
3	Jupiter Life Line Hospitals Limited ₹2.85 Cr	Healthcare Services	0.39%

#	Stock	Sector	Last Weight (Sep 2026)
1	Whirlpool of India Limited ₹4.90 Cr	Consumer Durables	0.63%
2	V-Guard Industries Limited ₹3.71 Cr	Consumer Durables	0.48%
3	Dhanuka Agritech Limited ₹1.76 Cr	Fertilizers & Agrochemicals	0.23%
4	OnEMI Technology Solutions Limited ₹1.07 Cr	N.A.	0.14%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	HDFC Bank Limited ₹26.67 Cr	Banks	1.82%	3.68%	+1.86%
2	Bajaj Auto Limited ₹18.32 Cr	Automobiles	1.41%	2.53%	+1.12%
3	ICICI Bank Limited ₹33.96 Cr	Banks	3.78%	4.69%	+0.91%
4	Tech Mahindra Limited ₹23.06 Cr	IT - Software	2.52%	3.19%	+0.67%
5	Bharti Airtel Limited ₹23.68 Cr	Telecom - Services	2.70%	3.27%	+0.57%
6	Natco Pharma Limited ₹7.04 Cr	Pharmaceuticals & Biotechnology	0.48%	0.97%	+0.49%
7	Axis Bank Limited ₹12.17 Cr	Banks	1.26%	1.68%	+0.42%
8	PVR INOX Limited ₹11.65 Cr	Entertainment	1.24%	1.61%	+0.37%
9	Restaurant Brands Asia Limited ₹17.96 Cr	Leisure Services	2.23%	2.48%	+0.25%
10	Infosys Limited ₹18.96 Cr	IT - Software	2.43%	2.62%	+0.19%
11	VA Tech Wabag Limited ₹5.23 Cr	Other Utilities	0.53%	0.72%	+0.19%
12	Bharat Bijlee Ltd. ₹6.98 Cr	Electrical Equipment	0.80%	0.96%	+0.16%
13	OPTIEMUS INFRACOM LIMITED ₹12.63 Cr	Telecom - Equipment & Accessories	1.58%	1.74%	+0.16%
14	Cipla Limited ₹11.72 Cr	Pharmaceuticals & Biotechnology	1.47%	1.62%	+0.15%
15	Craftsman Automation Limited ₹13.46 Cr	Auto Components	1.75%	1.86%	+0.11%
16	Cohance Lifesciences Limited ₹7.67 Cr	Pharmaceuticals & Biotechnology	0.98%	1.06%	+0.08%
17	M&B Engineering Ltd ₹3.96 Cr	Construction	0.48%	0.55%	+0.07%
18	West Coast Paper Mills Ltd. ₹5.71 Cr	Paper, Forest & Jute Products	0.72%	0.79%	+0.07%
19	SBI Funds Management Limited ₹2.51 Cr	Capital Markets	0.29%	0.35%	+0.06%
20	Travel Food Services Limited ₹10.55 Cr	Leisure Services	1.41%	1.46%	+0.05%
21	NTPC Limited ₹4.74 Cr	Power	0.62%	0.66%	+0.04%
22	Diamond Power Infrastructure Limited ₹6.07 Cr	Electrical Equipment	0.80%	0.84%	+0.04%
23	Tata Motors Ltd ₹18.69 Cr	Agricultural, Commercial & Construction Vehicles	2.55%	2.58%	+0.03%
24	Hindustan Aeronautics Limited ₹7.52 Cr	Aerospace & Defense	1.02%	1.04%	+0.02%
25	Canara Bank ₹2.17 Cr	Banks	0.28%	0.30%	+0.02%
26	Kalpataru Projects International Limited ₹8.81 Cr	Construction	1.20%	1.22%	+0.02%
27	Lumino Industries Limited ₹3.95 Cr	Miscellaneous	0.53%	0.55%	+0.02%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Redington Limited ₹27.79 Cr	Commercial Services & Supplies	4.70%	3.84%	-0.86%
2	PARADEEP PHOSPHATES LIMITED ₹1.50 Cr	Fertilizers & Agrochemicals	1.07%	0.21%	-0.86%
3	CreditAccess Grameen Limited ₹7.01 Cr	Finance	1.63%	0.97%	-0.66%
4	Hero Motors Ltd ₹2.95 Cr	Automobile and Auto Components	0.93%	0.41%	-0.52%
5	Aptus Value Housing Finance India Limited ₹8.61 Cr	Finance	1.69%	1.19%	-0.50%
6	Titagarh Rail Systems Limited ₹7.40 Cr	Industrial Manufacturing	1.50%	1.02%	-0.48%
7	Jana Small Finance Bank Ltd ₹14.97 Cr	Banks	2.55%	2.07%	-0.48%
8	Equitas Small Finance Bank Limited ₹9.07 Cr	Banks	1.64%	1.25%	-0.39%
9	Jyoti CNC Automation Ltd ₹9.54 Cr	Industrial Manufacturing	1.67%	1.32%	-0.35%
10	Fujiyama Power Systems Limited ₹7.34 Cr	Electrical Equipment	1.36%	1.01%	-0.35%
11	Arvind Limited ₹10.54 Cr	Textiles & Apparels	1.80%	1.46%	-0.34%
12	Shriram Finance Limited ₹22.23 Cr	Finance	3.40%	3.07%	-0.33%
13	Credit Analysis And Research Ltd. ₹3.79 Cr	Capital Markets	0.81%	0.52%	-0.29%
14	INDO COUNT INDUSTRIES LIMITED ₹10.94 Cr	Textiles & Apparels	1.77%	1.51%	-0.26%
15	Housing & Urban Development Corporation Limited ₹8.16 Cr	Finance	1.35%	1.13%	-0.22%
16	Hindustan Petroleum Corporation Limited ₹2.39 Cr	Petroleum Products	0.54%	0.33%	-0.21%
17	Finolex Cables Limited ₹8.07 Cr	Industrial Products	1.32%	1.11%	-0.21%
18	Carraro India Ltd ₹9.72 Cr	Auto Components	1.53%	1.34%	-0.19%
19	SML Mahindra Limited ₹8.50 Cr	Agricultural, Commercial & Construction Vehicles	1.35%	1.17%	-0.18%
20	Spandana Sphoorty Financial Limited ₹8.35 Cr	Finance	1.33%	1.15%	-0.18%
21	Power Grid Corporation of India Limited ₹5.30 Cr	Power	0.90%	0.73%	-0.17%
22	JK Tyre & Industries Limited ₹15.33 Cr	Auto Components	2.26%	2.12%	-0.14%
23	Rolex Rings Limited ₹9.59 Cr	Auto Components	1.44%	1.32%	-0.12%
24	Fedbank Financial Ser Ltd ₹3.65 Cr	Finance	0.60%	0.50%	-0.10%
25	TD Power Systems Limited ₹2.72 Cr	Electrical Equipment	0.48%	0.38%	-0.10%
26	Pine Labs Limited ₹14.51 Cr	Financial Technology (Fintech)	2.09%	2.00%	-0.09%
27	Godfrey Phillips India Limited ₹14.89 Cr	Cigarettes & Tobacco Products	2.14%	2.06%	-0.08%
28	Exicom Tele-Systems Ltd ₹4.34 Cr	Electrical Equipment	0.68%	0.60%	-0.08%
29	Amber Enterprises India Limited ₹7.92 Cr	Consumer Durables	1.16%	1.09%	-0.07%
30	Asset Reconstruction Co India Ltd. ₹4.32 Cr	Finance	0.67%	0.60%	-0.07%
31	Suraksha Diagnostic Ltd ₹5.95 Cr	Healthcare Services	0.88%	0.82%	-0.06%
32	Power Mech Projects Limited ₹3.87 Cr	Construction	0.57%	0.53%	-0.04%
33	Horizon Industrial Parks Ltd. ₹3.56 Cr	Realty	0.53%	0.49%	-0.04%
34	Hindustan Zinc Limited ₹6.21 Cr	Non - Ferrous Metals	0.89%	0.86%	-0.03%
35	Life Insurance Corporation Of India ₹13.41 Cr	Insurance	1.88%	1.85%	-0.03%
36	Apar Industries Limited ₹7.37 Cr	Electrical Equipment	1.05%	1.02%	-0.03%
37	Motilal Oswal Financial Services Limited ₹11.77 Cr	Capital Markets	1.66%	1.63%	-0.03%
38	Jindal Saw Limited ₹7.75 Cr	Industrial Products	1.10%	1.07%	-0.03%
39	EPL Limited ₹10.84 Cr	Industrial Products	1.52%	1.50%	-0.02%
40	Larsen & Toubro Limited ₹24.39 Cr	Construction	3.38%	3.37%	-0.01%
41	Varmora Granito Limited ₹1.64 Cr	Consumer Durables	0.24%	0.23%	-0.01%

What Stocks Does This Fund Hold?

73 stocks — Oct 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹33.96 Cr	Banks	4.69%
2	Redington Limited ₹27.79 Cr	Commercial Services & Supplies	3.84%
3	HDFC Bank Limited ₹26.67 Cr	Banks	3.68%
4	Larsen & Toubro Limited ₹24.39 Cr	Construction	3.37%
5	Bharti Airtel Limited ₹23.68 Cr	Telecom - Services	3.27%
6	Tech Mahindra Limited ₹23.06 Cr	IT - Software	3.19%
7	Shriram Finance Limited ₹22.23 Cr	Finance	3.07%
8	Infosys Limited ₹18.96 Cr	IT - Software	2.62%
9	Tata Motors Ltd ₹18.69 Cr	Agricultural, Commercial & Construction Vehicles	2.58%
10	Bajaj Auto Limited ₹18.32 Cr	Automobiles	2.53%
11	Restaurant Brands Asia Limited ₹17.96 Cr	Leisure Services	2.48%
12	JK Tyre & Industries Limited ₹15.33 Cr	Auto Components	2.12%
13	Jana Small Finance Bank Ltd ₹14.97 Cr	Banks	2.07%
14	Godfrey Phillips India Limited ₹14.89 Cr	Cigarettes & Tobacco Products	2.06%
15	Pine Labs Limited ₹14.51 Cr	Financial Technology (Fintech)	2.00%
16	Craftsman Automation Limited ₹13.46 Cr	Auto Components	1.86%
17	Life Insurance Corporation Of India ₹13.41 Cr	Insurance	1.85%
18	OPTIEMUS INFRACOM LIMITED ₹12.63 Cr	Telecom - Equipment & Accessories	1.74%
19	Axis Bank Limited ₹12.17 Cr	Banks	1.68%
20	Motilal Oswal Financial Services Limited ₹11.77 Cr	Capital Markets	1.63%
21	Cipla Limited ₹11.72 Cr	Pharmaceuticals & Biotechnology	1.62%
22	PVR INOX Limited ₹11.65 Cr	Entertainment	1.61%
23	INDO COUNT INDUSTRIES LIMITED ₹10.94 Cr	Textiles & Apparels	1.51%
24	EPL Limited ₹10.84 Cr	Industrial Products	1.50%
25	Travel Food Services Limited ₹10.55 Cr	Leisure Services	1.46%
26	Arvind Limited ₹10.54 Cr	Textiles & Apparels	1.46%
27	Carraro India Ltd ₹9.72 Cr	Auto Components	1.34%
28	Rolex Rings Limited ₹9.59 Cr	Auto Components	1.32%
29	Jyoti CNC Automation Ltd ₹9.54 Cr	Industrial Manufacturing	1.32%
30	Equitas Small Finance Bank Limited ₹9.07 Cr	Banks	1.25%
31	Kalpataru Projects International Limited ₹8.81 Cr	Construction	1.22%
32	Aptus Value Housing Finance India Limited ₹8.61 Cr	Finance	1.19%
33	SML Mahindra Limited ₹8.50 Cr	Agricultural, Commercial & Construction Vehicles	1.17%
34	Spandana Sphoorty Financial Limited ₹8.35 Cr	Finance	1.15%
35	Housing & Urban Development Corporation Limited ₹8.16 Cr	Finance	1.13%
36	Finolex Cables Limited ₹8.07 Cr	Industrial Products	1.11%
37	Amber Enterprises India Limited ₹7.92 Cr	Consumer Durables	1.09%
38	Jindal Saw Limited ₹7.75 Cr	Industrial Products	1.07%
39	Chennai Petroleum Corporation Limited ₹7.68 Cr	Petroleum Products	1.06%
40	Cohance Lifesciences Limited ₹7.67 Cr	Pharmaceuticals & Biotechnology	1.06%
41	Hindustan Aeronautics Limited ₹7.52 Cr	Aerospace & Defense	1.04%
42	Apar Industries Limited ₹7.37 Cr	Electrical Equipment	1.02%
43	Titagarh Rail Systems Limited ₹7.40 Cr	Industrial Manufacturing	1.02%
44	Fujiyama Power Systems Limited ₹7.34 Cr	Electrical Equipment	1.01%
45	CreditAccess Grameen Limited ₹7.01 Cr	Finance	0.97%
46	Natco Pharma Limited ₹7.04 Cr	Pharmaceuticals & Biotechnology	0.97%
47	Bharat Bijlee Ltd. ₹6.98 Cr	Electrical Equipment	0.96%
48	Muthoot Finance Limited ₹6.98 Cr	Finance	0.96%
49	Hindustan Zinc Limited ₹6.21 Cr	Non - Ferrous Metals	0.86%
50	Diamond Power Infrastructure Limited ₹6.07 Cr	Electrical Equipment	0.84%
51	Suraksha Diagnostic Ltd ₹5.95 Cr	Healthcare Services	0.82%
52	West Coast Paper Mills Ltd. ₹5.71 Cr	Paper, Forest & Jute Products	0.79%
53	Power Grid Corporation of India Limited ₹5.30 Cr	Power	0.73%
54	VA Tech Wabag Limited ₹5.23 Cr	Other Utilities	0.72%
55	NTPC Limited ₹4.74 Cr	Power	0.66%
56	Asset Reconstruction Co India Ltd. ₹4.32 Cr	Finance	0.60%
57	Exicom Tele-Systems Ltd ₹4.34 Cr	Electrical Equipment	0.60%
58	M&B Engineering Ltd ₹3.96 Cr	Construction	0.55%
59	Lumino Industries Limited ₹3.95 Cr	Miscellaneous	0.55%
60	Power Mech Projects Limited ₹3.87 Cr	Construction	0.53%
61	Credit Analysis And Research Ltd. ₹3.79 Cr	Capital Markets	0.52%
62	Fedbank Financial Ser Ltd ₹3.65 Cr	Finance	0.50%
63	Horizon Industrial Parks Ltd. ₹3.56 Cr	Realty	0.49%
64	Hero Motors Ltd ₹2.95 Cr	Automobile and Auto Components	0.41%
65	Jupiter Life Line Hospitals Limited ₹2.85 Cr	Healthcare Services	0.39%
66	TD Power Systems Limited ₹2.72 Cr	Electrical Equipment	0.38%
67	SBI Funds Management Limited ₹2.51 Cr	Capital Markets	0.35%
68	Hindustan Petroleum Corporation Limited ₹2.39 Cr	Petroleum Products	0.33%
69	Canara Bank ₹2.17 Cr	Banks	0.30%
70	Container Corporation of India Limited ₹2.07 Cr	Transport Services	0.29%
71	Varmora Granito Limited ₹1.64 Cr	Consumer Durables	0.23%
72	PARADEEP PHOSPHATES LIMITED ₹1.50 Cr	Fertilizers & Agrochemicals	0.21%
73	Gaja Alternative AMC Limited ₹83.64 L	Capital Markets	0.12%