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 Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹813.24 Cr

Equity only, excl. debt & cash

Top 5 Weight

18.0%

Diversified

Top 10 Weight

32.4%

Diversified

Changes

5 new · 3 exits

Top Sector

Banks

15.7% of portfolio

📋 What Happened This Month JM Value Fund (Direct) made 5 new additions and exited 3 stocks this month. The biggest new buy was ICICI Bank Limited (Banks) at 3.01% weight. Tata Consultancy Services Limited was the biggest exit (IT - Software), which was held at 1.01%. Among existing holdings, Craftsman Automation Limited saw the biggest increase — now at 1.51% of the portfolio. Hindalco Industries Limited was trimmed the most, now at 0.81%. Shriram Finance Limited remains the top holding with Banks the dominant sector at 15.7%. ↓ 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

+1.48%

+3.97%

+0.91%

-5.76%

Latest NAV

₹106.64

14 Jul 2026

52W High

₹113.41

-6% from High

52W Low

₹90.97

+17% 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

20.6%

+ve in 76% windows

92.3% / -30.2%

3Y Rolling Avg

19.0% p.a.

+ve in 95% windows

37.1% / -6.2%

5Y Rolling Avg

19.8% 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. What do these mean? →

Sharpe Ratio (3Y)

0.64

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.86

Penalises downside volatility only.

Std Deviation (3Y)

17.0%

Lower = more consistent returns.

NAV Chart ₹106.64 14 Jul 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: ₹106.64

Sector Shift Industry allocation month-over-month

Mar 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Finance	11.4%	13.3%	▲ +1.9%
Banks	13.8%	12.9%	▼ -0.9%
Pharmaceuticals & Biotechnology	5.0%	5.9%	▲ +0.9%
IT - Software	7.4%	5.5%	▼ -1.9%
Electrical Equipment	3.4%	4.9%	▲ +1.5%
Leisure Services	4.7%	4.7%	● +0.0%
Construction	4.8%	4.5%	▼ -0.4%
Auto Components	3.6%	4.3%	▲ +0.7%
Cigarettes & Tobacco Products	4.0%	4.3%	▲ +0.3%
Consumer Durables	4.0%	4.0%	● +0.1%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	12.9%	15.7%	▲ +2.9%
Finance	13.3%	13.4%	● +0.1%
Pharmaceuticals & Biotechnology	5.9%	5.7%	▼ -0.2%
Auto Components	4.3%	5.4%	▲ +1.1%
Electrical Equipment	4.9%	5.3%	▲ +0.4%
Leisure Services	4.7%	5.2%	▲ +0.5%
Construction	4.5%	4.9%	▲ +0.5%
Textiles & Apparels	3.8%	4.8%	▲ +1.1%
IT - Software	5.5%	3.9%	▼ -1.6%
Cigarettes & Tobacco Products	4.3%	3.6%	▼ -0.7%

🟢

Biggest New Buy

ICICI Bank Limited

3.01% weight · Banks

🔴

Biggest Exit

Tata Consultancy Services Limited

1.01% was held · IT - Software

↑

Biggest Add

Craftsman Automation Limited

+0.87% · now 1.51%

↓

Biggest Trim

Hindalco Industries Limited

-1.47% · now 0.81%

🤝 Other funds also bought this month

ICICI Bank Limited 21 funds

Redington Limited 14 funds

Ola Electric Mobility Ltd 11 funds

SML Mahindra Limited 3 funds

VA Tech Wabag Limited 1 fund

👋 Other funds also exited

Tata Consultancy Services Limited 35 funds

Swiggy Limited 15 funds

Petronet LNG Limited 6 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 5 New Entries 🔴 3 Exits ↑ 28 Increased ↓ 30 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	ICICI Bank Limited ₹24.75 Cr	Banks	3.01%
2	Redington Limited ₹11.05 Cr	Commercial Services & Supplies	1.34%
3	SML Mahindra Limited ₹6.15 Cr	Agricultural, Commercial & Construction Vehicles	0.75%
4	VA Tech Wabag Limited ₹3.19 Cr	Other Utilities	0.39%
5	Ola Electric Mobility Ltd ₹2.44 Cr	Automobiles	0.30%

#	Stock	Sector	Last Weight (May 2026)
1	Tata Consultancy Services Limited ₹8.13 Cr	IT - Software	1.01%
2	Petronet LNG Limited ₹7.17 Cr	Gas	0.89%
3	Swiggy Limited ₹4.64 Cr	Retailing	0.58%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Craftsman Automation Limited ₹12.40 Cr	Auto Components	0.64%	1.51%	+0.87%
2	INDO COUNT INDUSTRIES LIMITED ₹18.41 Cr	Textiles & Apparels	1.63%	2.24%	+0.61%
3	Larsen & Toubro Limited ₹27.19 Cr	Construction	2.82%	3.30%	+0.48%
4	Arvind Limited ₹21.14 Cr	Textiles & Apparels	2.12%	2.57%	+0.45%
5	Restaurant Brands Asia Limited ₹30.84 Cr	Leisure Services	3.32%	3.75%	+0.43%
6	Fujiyama Power Systems Limited ₹7.94 Cr	Electrical Equipment	0.65%	0.96%	+0.31%
7	JK Tyre & Industries Limited ₹17.46 Cr	Auto Components	1.84%	2.12%	+0.28%
8	Tata Motors Ltd ₹19.94 Cr	Agricultural, Commercial & Construction Vehicles	2.22%	2.42%	+0.20%
9	HDFC Bank Limited ₹26.33 Cr	Banks	3.05%	3.20%	+0.15%
10	Apar Industries Limited ₹15.49 Cr	Electrical Equipment	1.74%	1.88%	+0.14%
11	Jyoti CNC Automation Ltd ₹5.07 Cr	Industrial Manufacturing	0.48%	0.62%	+0.14%
12	CreditAccess Grameen Limited ₹18.17 Cr	Finance	2.08%	2.21%	+0.13%
13	Motilal Oswal Financial Services Limited ₹15.02 Cr	Capital Markets	1.72%	1.82%	+0.10%
14	Jindal Saw Limited ₹8.21 Cr	Industrial Products	0.90%	1.00%	+0.10%
15	REC Limited ₹21.10 Cr	Finance	2.47%	2.56%	+0.09%
16	Equitas Small Finance Bank Limited ₹15.18 Cr	Banks	1.75%	1.84%	+0.09%
17	OPTIEMUS INFRACOM LIMITED ₹7.44 Cr	Telecom - Equipment & Accessories	0.81%	0.90%	+0.09%
18	Travel Food Services Limited ₹12.12 Cr	Leisure Services	1.39%	1.47%	+0.08%
19	Spandana Sphoorty Financial Limited ₹6.20 Cr	Finance	0.67%	0.75%	+0.08%
20	Titagarh Rail Systems Limited ₹12.61 Cr	Industrial Manufacturing	1.47%	1.53%	+0.06%
21	Axis Bank Limited ₹16.82 Cr	Banks	2.00%	2.04%	+0.04%
22	Cipla Limited ₹8.79 Cr	Pharmaceuticals & Biotechnology	1.04%	1.07%	+0.03%
23	PARADEEP PHOSPHATES LIMITED ₹7.35 Cr	Fertilizers & Agrochemicals	0.86%	0.89%	+0.03%
24	Exicom Tele-Systems Ltd ₹5.92 Cr	Electrical Equipment	0.69%	0.72%	+0.03%
25	Bharat Bijlee Ltd. ₹9.94 Cr	Electrical Equipment	1.19%	1.21%	+0.02%
26	Garden Reach Shipbuilders & Engineers Limited ₹10.36 Cr	Aerospace & Defense	1.25%	1.26%	+0.01%
27	Finolex Cables Limited ₹9.45 Cr	Industrial Products	1.14%	1.15%	+0.01%
28	M&B Engineering Ltd ₹4.04 Cr	Construction	0.48%	0.49%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Hindalco Industries Limited ₹6.70 Cr	Non - Ferrous Metals	2.28%	0.81%	-1.47%
2	Hero MotoCorp Limited ₹12.23 Cr	Automobiles	2.50%	1.48%	-1.02%
3	Hindustan Zinc Limited ₹4.95 Cr	Non - Ferrous Metals	1.59%	0.60%	-0.99%
4	Bharti Airtel Limited ₹14.82 Cr	Telecom - Services	2.73%	1.80%	-0.93%
5	Whirlpool of India Limited ₹7.94 Cr	Consumer Durables	1.79%	0.96%	-0.83%
6	Godfrey Phillips India Limited ₹29.30 Cr	Cigarettes & Tobacco Products	4.28%	3.56%	-0.72%
7	Infosys Limited ₹19.51 Cr	IT - Software	2.81%	2.37%	-0.44%
8	Hindustan Aeronautics Limited ₹11.83 Cr	Aerospace & Defense	1.87%	1.44%	-0.43%
9	NTPC Limited ₹13.41 Cr	Power	1.95%	1.63%	-0.32%
10	Jana Small Finance Bank Ltd ₹25.78 Cr	Banks	3.39%	3.13%	-0.26%
11	Amber Enterprises India Limited ₹11.67 Cr	Consumer Durables	1.61%	1.42%	-0.19%
12	Tata Motors Passenger Vehicles Limited ₹9.86 Cr	Automobiles	1.37%	1.20%	-0.17%
13	Dr. Reddy's Laboratories Limited ₹27.14 Cr	Pharmaceuticals & Biotechnology	3.46%	3.30%	-0.16%
14	Canara Bank ₹20.71 Cr	Banks	2.68%	2.52%	-0.16%
15	TD Power Systems Limited ₹4.09 Cr	Electrical Equipment	0.64%	0.50%	-0.14%
16	Tech Mahindra Limited ₹12.68 Cr	IT - Software	1.66%	1.54%	-0.12%
17	Housing & Urban Development Corporation Limited ₹14.35 Cr	Finance	1.84%	1.74%	-0.10%
18	Cohance Lifesciences Limited ₹10.55 Cr	Pharmaceuticals & Biotechnology	1.38%	1.28%	-0.10%
19	Carraro India Ltd ₹14.45 Cr	Auto Components	1.83%	1.75%	-0.08%
20	Kajaria Ceramics Limited ₹4.37 Cr	Consumer Durables	0.61%	0.53%	-0.08%
21	Shriram Finance Limited ₹33.29 Cr	Finance	4.11%	4.04%	-0.07%
22	Power Grid Corporation of India Limited ₹12.88 Cr	Power	1.62%	1.56%	-0.06%
23	Credit Analysis And Research Ltd. ₹6.48 Cr	Capital Markets	0.85%	0.79%	-0.06%
24	Suraksha Diagnostic Ltd ₹6.45 Cr	Healthcare Services	0.84%	0.78%	-0.06%
25	Fedbank Financial Ser Ltd ₹4.30 Cr	Finance	0.58%	0.52%	-0.06%
26	Kalpataru Projects International Limited ₹9.30 Cr	Construction	1.15%	1.13%	-0.02%
27	PVR INOX Limited ₹6.25 Cr	Entertainment	0.78%	0.76%	-0.02%
28	Dhanuka Agritech Limited ₹1.76 Cr	Fertilizers & Agrochemicals	0.23%	0.21%	-0.02%
29	Aptus Value Housing Finance India Limited ₹13.00 Cr	Finance	1.59%	1.58%	-0.01%
30	Hindustan Petroleum Corporation Limited ₹3.94 Cr	Petroleum Products	0.49%	0.48%	-0.01%

What Stocks Does This Fund Hold?

64 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	Shriram Finance Limited ₹33.29 Cr	Finance	4.04%
2	Restaurant Brands Asia Limited ₹30.84 Cr	Leisure Services	3.75%
3	Godfrey Phillips India Limited ₹29.30 Cr	Cigarettes & Tobacco Products	3.56%
4	Larsen & Toubro Limited ₹27.19 Cr	Construction	3.30%
5	Dr. Reddy's Laboratories Limited ₹27.14 Cr	Pharmaceuticals & Biotechnology	3.30%
6	HDFC Bank Limited ₹26.33 Cr	Banks	3.20%
7	Jana Small Finance Bank Ltd ₹25.78 Cr	Banks	3.13%
8	ICICI Bank Limited ₹24.75 Cr	Banks	3.01%
9	Arvind Limited ₹21.14 Cr	Textiles & Apparels	2.57%
10	REC Limited ₹21.10 Cr	Finance	2.56%
11	Canara Bank ₹20.71 Cr	Banks	2.52%
12	Tata Motors Ltd ₹19.94 Cr	Agricultural, Commercial & Construction Vehicles	2.42%
13	Infosys Limited ₹19.51 Cr	IT - Software	2.37%
14	INDO COUNT INDUSTRIES LIMITED ₹18.41 Cr	Textiles & Apparels	2.24%
15	CreditAccess Grameen Limited ₹18.17 Cr	Finance	2.21%
16	JK Tyre & Industries Limited ₹17.46 Cr	Auto Components	2.12%
17	Axis Bank Limited ₹16.82 Cr	Banks	2.04%
18	Apar Industries Limited ₹15.49 Cr	Electrical Equipment	1.88%
19	Equitas Small Finance Bank Limited ₹15.18 Cr	Banks	1.84%
20	Motilal Oswal Financial Services Limited ₹15.02 Cr	Capital Markets	1.82%
21	Bharti Airtel Limited ₹14.82 Cr	Telecom - Services	1.80%
22	Carraro India Ltd ₹14.45 Cr	Auto Components	1.75%
23	Housing & Urban Development Corporation Limited ₹14.35 Cr	Finance	1.74%
24	NTPC Limited ₹13.41 Cr	Power	1.63%
25	Aptus Value Housing Finance India Limited ₹13.00 Cr	Finance	1.58%
26	Power Grid Corporation of India Limited ₹12.88 Cr	Power	1.56%
27	Tech Mahindra Limited ₹12.68 Cr	IT - Software	1.54%
28	Titagarh Rail Systems Limited ₹12.61 Cr	Industrial Manufacturing	1.53%
29	Craftsman Automation Limited ₹12.40 Cr	Auto Components	1.51%
30	Hero MotoCorp Limited ₹12.23 Cr	Automobiles	1.48%
31	Travel Food Services Limited ₹12.12 Cr	Leisure Services	1.47%
32	Hindustan Aeronautics Limited ₹11.83 Cr	Aerospace & Defense	1.44%
33	Amber Enterprises India Limited ₹11.67 Cr	Consumer Durables	1.42%
34	Redington Limited ₹11.05 Cr	Commercial Services & Supplies	1.34%
35	Cohance Lifesciences Limited ₹10.55 Cr	Pharmaceuticals & Biotechnology	1.28%
36	Garden Reach Shipbuilders & Engineers Limited ₹10.36 Cr	Aerospace & Defense	1.26%
37	Bharat Bijlee Ltd. ₹9.94 Cr	Electrical Equipment	1.21%
38	Tata Motors Passenger Vehicles Limited ₹9.86 Cr	Automobiles	1.20%
39	Finolex Cables Limited ₹9.45 Cr	Industrial Products	1.15%
40	Kalpataru Projects International Limited ₹9.30 Cr	Construction	1.13%
41	Cipla Limited ₹8.79 Cr	Pharmaceuticals & Biotechnology	1.07%
42	Jindal Saw Limited ₹8.21 Cr	Industrial Products	1.00%
43	Fujiyama Power Systems Limited ₹7.94 Cr	Electrical Equipment	0.96%
44	Whirlpool of India Limited ₹7.94 Cr	Consumer Durables	0.96%
45	OPTIEMUS INFRACOM LIMITED ₹7.44 Cr	Telecom - Equipment & Accessories	0.90%
46	PARADEEP PHOSPHATES LIMITED ₹7.35 Cr	Fertilizers & Agrochemicals	0.89%
47	Hindalco Industries Limited ₹6.70 Cr	Non - Ferrous Metals	0.81%
48	Credit Analysis And Research Ltd. ₹6.48 Cr	Capital Markets	0.79%
49	Suraksha Diagnostic Ltd ₹6.45 Cr	Healthcare Services	0.78%
50	PVR INOX Limited ₹6.25 Cr	Entertainment	0.76%
51	Spandana Sphoorty Financial Limited ₹6.20 Cr	Finance	0.75%
52	SML Mahindra Limited ₹6.15 Cr	Agricultural, Commercial & Construction Vehicles	0.75%
53	Exicom Tele-Systems Ltd ₹5.92 Cr	Electrical Equipment	0.72%
54	Jyoti CNC Automation Ltd ₹5.07 Cr	Industrial Manufacturing	0.62%
55	Hindustan Zinc Limited ₹4.95 Cr	Non - Ferrous Metals	0.60%
56	Kajaria Ceramics Limited ₹4.37 Cr	Consumer Durables	0.53%
57	Fedbank Financial Ser Ltd ₹4.30 Cr	Finance	0.52%
58	TD Power Systems Limited ₹4.09 Cr	Electrical Equipment	0.50%
59	M&B Engineering Ltd ₹4.04 Cr	Construction	0.49%
60	Hindustan Petroleum Corporation Limited ₹3.94 Cr	Petroleum Products	0.48%
61	VA Tech Wabag Limited ₹3.19 Cr	Other Utilities	0.39%
62	Ola Electric Mobility Ltd ₹2.44 Cr	Automobiles	0.30%
63	Dhanuka Agritech Limited ₹1.76 Cr	Fertilizers & Agrochemicals	0.21%
64	OnEMI Technology Solutions Limited ₹80.58 L	N.A.	0.10%