{"id":240147,"date":"2026-09-10T11:09:22","date_gmt":"2026-09-10T05:39:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/"},"modified":"2026-09-10T11:09:22","modified_gmt":"2026-09-10T05:39:22","slug":"jm-focused-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/","title":{"rendered":"JM Focused Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/jm-focused-fund-g-direct-plan\">JM Focused Fund Direct Growth Plan<\/a> has a NAV of \u20b924.0503 as of 09 Sep 2026 and an AUM of \u20b9292 Cr. Its 1-year, 3-year and 5-year returns are 3.74%, 11.95% and 13.38% respectively, and the scheme carries a High Risk profile. Our view is that it is better suited to investors who can tolerate sharp moves in pursuit of long-term equity growth rather than those looking for steady, low-volatility outcomes.<\/p>\n<p>The fund\u2019s return pattern is uneven in the near term but stronger over longer stretches, which suggests that patience matters more than timing here. The portfolio also leans meaningfully toward a relatively small set of holdings, so individual stock outcomes can influence the ride.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_JM_Focused\" title=\"Should you BUY or HOLD JM Focused?\">Should you BUY or HOLD JM Focused?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_JM_Focused_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of JM Focused Fund Direct Growth Plan?\">What is the current NAV of JM Focused Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#What_are_the_1-year_3-year_and_5-year_returns\" title=\"What are the 1-year, 3-year and 5-year returns?\">What are the 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#How_has_the_fund_performed_against_the_benchmark\" title=\"How has the fund performed against the benchmark?\">How has the fund performed against the benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_focused_funds_on_recent_returns\" title=\"How does it compare with peer focused funds on recent returns?\">How does it compare with peer focused funds on recent returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_exit_load\" title=\"Who manages the fund and what is the exit load?\">Who manages the fund and what is the exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/jm-focused-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b924.0503 as of 09 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9292 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.74%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b91,000<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>1% on or before 30D, Nil after 30D<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Asit Bhandarkar, Satish Ramanathan, Deepak Gupta., Ruchi Fozdar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Asit Bhandarkar, Satish Ramanathan, Deepak Gupta., and Ruchi Fozdar.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-2.89%<\/td>\n<td>-4.69%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>8.66%<\/td>\n<td>0.93%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>3.74%<\/td>\n<td>-7.16%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>11.95%<\/td>\n<td>6%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>13.38%<\/td>\n<td>5.87%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The short-term pattern is mixed, but it is not weak across every horizon. Over 1 month the fund declined, yet it still held up better than the benchmark. Over 3 months and 1 year, it did better than the Nifty 50, which tells us the fund has recently outpaced a difficult benchmark stretch rather than simply riding a strong index backdrop.<\/p>\n<p>The 3-year and 5-year numbers show a more constructive compounding pattern. The fund\u2019s 11.95% 3-year return and 13.38% 5-year return are both ahead of the benchmark\u2019s 6% and 5.87%, which suggests that the longer-run track record has been stronger than the index even though the path has not been smooth.<\/p>\n<p>The recent series also points to noticeable swings rather than a straight line higher. That matters because the fund\u2019s gains have been built with some volatility along the way, so short-run weakness should not be read in isolation. For investors, the key question is whether they can stay invested through uneven months in order to capture the stronger longer-term pattern.<\/p>\n<p>Viewed together, the fund looks more convincing on a multi-year horizon than on a one-month snapshot. The benchmark comparison also matters: it has held ahead over 3 years and 5 years, but the most recent quarter is still strong enough to show that the fund has not lost momentum entirely.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_JM_Focused\"><\/span>Should you BUY or HOLD JM Focused?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding JM Focused? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/jm-focused-fund-g-direct-plan\">JM Focused Fund Direct Growth Plan<\/a><\/td>\n<td>3.74%<\/td>\n<td>11.95%<\/td>\n<td>13.38%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-focused-fund-g-direct-plan\">Motilal Oswal Focused Fund Direct Growth Plan<\/a><\/td>\n<td>28.74%<\/td>\n<td>13.96%<\/td>\n<td>10.67%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/old-bridge-focused-fund-g-direct-plan\">Old Bridge Focused Fund Direct Growth Plan<\/a><\/td>\n<td>18.69%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/iti-focused-fund-g-direct-plan\">ITI Focused Fund Direct Growth Plan<\/a><\/td>\n<td>14.02%<\/td>\n<td>18.86%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/sbi-focused-fund-g-direct-plan\">SBI Focused Fund Direct Growth Plan<\/a><\/td>\n<td>14%<\/td>\n<td>15.94%<\/td>\n<td>12.38%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/quant-focused-fund-g-direct-plan\">Quant Focused Fund Direct Growth Plan<\/a><\/td>\n<td>13.36%<\/td>\n<td>13.41%<\/td>\n<td>13.91%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>On the recent 1-year number, the fund trails several peers that have published stronger recent returns, so the near-term comparison is not especially favorable. That said, its 3-year and 5-year figures are more balanced: they sit below some peers such as ITI and SBI on 3 years, while remaining ahead of Quant on 5 years.<\/p>\n<p>The picture is therefore mixed rather than one-sided. The fund has stronger long-run numbers than some peers on the benchmark comparison, but the peer set shows that other focused funds have recently delivered more forcefully over 1 year. This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>For an investor, that means the fund\u2019s appeal is more about consistency across a full cycle than about standout recent leadership. The shorter-term gap versus some peers is real, but the longer-horizon record remains respectable compared with multiple available alternatives.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Coforge Limited<\/td>\n<td>IT<\/td>\n<td>5.74%<\/td>\n<\/tr>\n<tr>\n<td>IDFC First Bank Limited<\/td>\n<td>Bank<\/td>\n<td>5.06%<\/td>\n<\/tr>\n<tr>\n<td>Ujjivan Small Finance Bank Limited<\/td>\n<td>Bank<\/td>\n<td>4.84%<\/td>\n<\/tr>\n<tr>\n<td>Bajaj Finance Limited<\/td>\n<td>Finance<\/td>\n<td>4.75%<\/td>\n<\/tr>\n<tr>\n<td>Larsen &amp; Toubro Limited<\/td>\n<td>Infrastructure<\/td>\n<td>4.56%<\/td>\n<\/tr>\n<tr>\n<td>One 97 Communications Limited<\/td>\n<td>IT<\/td>\n<td>4.4%<\/td>\n<\/tr>\n<tr>\n<td>Amber Enterprises India Limited<\/td>\n<td>Consumer Durables<\/td>\n<td>4.12%<\/td>\n<\/tr>\n<tr>\n<td>Samvardhana Motherson International Ltd<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>4.08%<\/td>\n<\/tr>\n<tr>\n<td>Eicher Motors Limited<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>3.94%<\/td>\n<\/tr>\n<tr>\n<td>Eternal Limited<\/td>\n<td>Retailing<\/td>\n<td>3.92%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding, Coforge Limited, carries a weight of 5.74%, which is meaningful but not overpowering on its own. The weight then steps down gradually through the rest of the top ten, ending at 3.92% for Eternal Limited, so the list does not show a single dominant stock taking control of the portfolio.<\/p>\n<p>The combined weight of the displayed holdings is approximately 45.41%, and the fund discloses 29 holdings in total. That combination suggests the portfolio is spread across more than just the visible top names, but the leading positions are still likely to have a noticeable effect on performance because they account for a large share of assets.<\/p>\n<p>Our view is that this kind of structure may create a balance between diversification and conviction. The portfolio does not look excessively concentrated in one position, yet the top holdings are important enough that movement in a few stocks could still matter to returns.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/jm-focused-fund-g-direct-plan\">JM Focused Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is better suited to investors who are comfortable with High Risk equity exposure and can stay invested through uneven phases. Its longer-term return pattern is more attractive than the short-term result, so a multi-year horizon matters here.<\/p>\n<p>The main trade-off is that the fund has shown the ability to beat the benchmark over 3-year and 5-year periods, but that comes with noticeable volatility and weaker near-term stretches. Investors who want smoother outcomes or more predictable short-run behavior may find that trade-off uncomfortable, while those who can accept stock-specific moves may see the longer-run profile as the more relevant lens.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> 1% if units are sold on or before 30 days; nil after 30 days.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_JM_Focused_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of JM Focused Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b924.0503 as of 09 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_1-year_3-year_and_5-year_returns\"><\/span>What are the 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund\u2019s 1-year return is 3.74%, the 3-year return is 11.95% and the 5-year return is 13.38%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_the_fund_performed_against_the_benchmark\"><\/span>How has the fund performed against the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has done better than the Nifty 50 over 3 years and 5 years, and it also stayed ahead over 3 months and 1 year. Over 1 month, it still held up better than the benchmark even though both were negative.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_focused_funds_on_recent_returns\"><\/span>How does it compare with peer focused funds on recent returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is lower than several peers with available 1-year figures, while its 3-year and 5-year numbers are more competitive and remain ahead of some peer funds. The comparison is mixed rather than one-sided.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b91,000.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_exit_load\"><\/span>Who manages the fund and what is the exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Asit Bhandarkar, Satish Ramanathan, Deepak Gupta., and Ruchi Fozdar. The exit load is 1% if units are sold on or before 30 days, and nil after 30 days.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>JM Focused Fund Direct Growth Plan looks more compelling over multi-year periods than in the very short term. Its returns have stayed ahead of the benchmark on 3-year and 5-year horizons, while several peers have shown stronger 1-year momentum. The portfolio is built around a meaningful set of stock positions rather than a single outsized bet, which may keep the ride active but not singularly dependent on one name. That combination makes it most relevant for investors who value long-run equity participation and can tolerate fluctuations along the way.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 10 September 2026 at 11:08 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"JM Focused Fund Direct Growth Plan\",\"identifier\":\"jm-focused-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":24.0503,\"valueReference\":\"as of 09 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"292 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.74\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":3.74},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":11.95},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":13.38},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Asit Bhandarkar, Satish Ramanathan, Deepak Gupta., Ruchi Fozdar\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of JM Focused Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b924.0503 as of 09 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is 3.74%, the 3-year return is 11.95% and the 5-year return is 13.38%.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed against the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has done better than the Nifty 50 over 3 years and 5 years, and it also stayed ahead over 3 months and 1 year. Over 1 month, it still held up better than the benchmark even though both were negative.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer focused funds on recent returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is lower than several peers with available 1-year figures, while its 3-year and 5-year numbers are more competitive and remain ahead of some peer funds. The comparison is mixed rather than one-sided.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b91,000.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Asit Bhandarkar, Satish Ramanathan, Deepak Gupta., and Ruchi Fozdar. The exit load is 1% if units are sold on or before 30 days, and nil after 30 days.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JM Focused Fund Direct Growth Plan has a NAV of \u20b924.0503 as of 09 Sep 2026, High Risk profile, and 5Y return of 13.38%.<\/p>\n","protected":false},"author":38,"featured_media":240143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-240147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["240143"],"rank_math_title":["JM Focused Fund Direct Growth Review 2026"],"rank_math_description":["JM Focused Fund Direct Growth Plan NAV is \u20b924.0503 as of 09 Sep 2026, with 1Y return at 3.74% and 5Y return at 13.38%."],"rank_math_focus_keyword":["JM Focused Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/JM_Focused_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/240147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=240147"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/240147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/240143"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=240147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=240147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=240147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}