{"id":254410,"date":"2026-09-18T08:20:48","date_gmt":"2026-09-18T02:50:48","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/jm-mid-cap-fund-direct-growth-review-2026\/"},"modified":"2026-09-18T08:20:48","modified_gmt":"2026-09-18T02:50:48","slug":"jm-mid-cap-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jm-mid-cap-fund-direct-growth-review-2026\/","title":{"rendered":"JM Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/jm-mid-cap-fund-g-direct-plan\">JM Mid Cap Fund Direct Growth Plan<\/a> has a NAV of \u20b922.2712 as of 17 Sep 2026 and a scheme AUM of \u20b91,360 Cr. Its 1-year, 3-year and 5-year returns are 6.03%, 17.94% and 0%, and it sits in the High Risk category. Our view is that this is a mid-cap fund for investors who can handle sharp swings, because the recent 1-year outcome is modest while the 3-year trend is much stronger than the latest short run.<\/p>\n<p>The portfolio is spread across 66 holdings, with the top 10 accounting for 27.94% of assets. That mix suggests meaningful diversification, but the current return pattern still calls for a patient horizon rather than a short holding period.<\/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-mid-cap-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-mid-cap-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-mid-cap-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_JM_Mid_Cap\" title=\"Should you BUY or HOLD JM Mid Cap?\">Should you BUY or HOLD JM Mid Cap?<\/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-mid-cap-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-mid-cap-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-mid-cap-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-mid-cap-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-mid-cap-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jm-mid-cap-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-10\" href=\"https:\/\/univest.in\/blogs-2\/jm-mid-cap-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-11\" href=\"https:\/\/univest.in\/blogs-2\/jm-mid-cap-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>\u20b922.2712 as of 17 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b91,360 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.51%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>21 Nov 2022<\/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 Mid Cap<\/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 180D, Nil after 180D<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Satish Ramanathan, Asit Bhandarkar, Deepak Gupta., Ruchi Fozdar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Satish Ramanathan, Asit Bhandarkar, Deepak Gupta. and Ruchi Fozdar.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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>-2.97%<\/td>\n<td>-3.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.62%<\/td>\n<td>-1.42%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.03%<\/td>\n<td>4.86%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>17.94%<\/td>\n<td>14.23%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent pattern is uneven, but not weak across every horizon. Over 1 month, the fund lagged in absolute terms only slightly less than the benchmark\u2019s decline, while over 3 months it turned positive even as the benchmark stayed negative. That tells us the fund has been able to recover faster than the index during shorter rebounds.<\/p>\n<p>The stronger message comes from the 1-year and 3-year figures. Both periods are ahead of the benchmark, and the gap is wider over 3 years than over 1 year. That suggests the fund has added value through a fuller market cycle rather than just through a short burst of performance.<\/p>\n<p>The daily path also looks choppy, which is normal for a mid-cap strategy but still important for investors to note. Recent softness after a stronger 3-year run means the fund has not moved in a straight line, so our view is that the experience is better suited to investors who can tolerate drawdowns while waiting for the longer compounding trend to play out.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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_Mid_Cap\"><\/span>Should you BUY or HOLD JM Mid Cap?<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 Mid Cap? 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-mid-cap-fund-g-direct-plan\">JM Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>6.03%<\/td>\n<td>17.94%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-midcap-fund-g-direct-plan\">HSBC Midcap Fund Direct Growth Plan<\/a><\/td>\n<td>15.97%<\/td>\n<td>22.92%<\/td>\n<td>18.06%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/woc-mid-cap-fund-g-direct-plan\">WOC Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>11.1%<\/td>\n<td>21%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/helios-mid-cap-fund-g-direct-plan\">Helios Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>10.06%<\/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-mid-cap-fund-g-direct-plan\">ITI Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>8.51%<\/td>\n<td>19.17%<\/td>\n<td>15.91%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/baroda-bnp-paribas-mid-cap-fund-g-direct-plan\">Baroda BNP Paribas Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>8.4%<\/td>\n<td>16.15%<\/td>\n<td>14.79%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On 1-year returns, the fund trails the stronger peer figures in this group, especially HSBC Midcap Fund Direct Growth Plan and WOC Mid Cap Fund Direct Growth Plan. The short-term comparison therefore looks softer than the fund\u2019s own longer-run trend.<\/p>\n<p>The 3-year picture is more balanced. JM Mid Cap Fund Direct Growth Plan is behind HSBC Midcap Fund Direct Growth Plan and WOC Mid Cap Fund Direct Growth Plan, but it stays ahead of Baroda BNP Paribas Mid Cap Fund Direct Growth Plan and slightly ahead of ITI Mid Cap Fund Direct Growth Plan on the available numbers. The 5-year column is available for only some peers, and those figures are stronger than the current fund\u2019s unavailable 5-year record, so the longer-horizon comparison is less complete but still points to a stronger established track record in some competing funds.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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>One 97 Communications Limited<\/td>\n<td>IT<\/td>\n<td>3.53%<\/td>\n<\/tr>\n<tr>\n<td>Avalon Technologies Limited<\/td>\n<td>Electricals<\/td>\n<td>3.05%<\/td>\n<\/tr>\n<tr>\n<td>Godfrey Phillips India Limited<\/td>\n<td>FMCG<\/td>\n<td>2.9%<\/td>\n<\/tr>\n<tr>\n<td>IDFC First Bank Limited<\/td>\n<td>Bank<\/td>\n<td>2.88%<\/td>\n<\/tr>\n<tr>\n<td>Bank of Maharashtra<\/td>\n<td>Bank<\/td>\n<td>2.79%<\/td>\n<\/tr>\n<tr>\n<td>Marico Limited<\/td>\n<td>FMCG<\/td>\n<td>2.74%<\/td>\n<\/tr>\n<tr>\n<td>Coforge Limited<\/td>\n<td>IT<\/td>\n<td>2.55%<\/td>\n<\/tr>\n<tr>\n<td>Tube Investments of India Ltd<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>2.52%<\/td>\n<\/tr>\n<tr>\n<td>Bharat Forge Limited<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>2.5%<\/td>\n<\/tr>\n<tr>\n<td>Ashok Leyland Limited<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>2.48%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 27.94% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/jm-mid-cap-fund-g-direct-plan\">JM Mid Cap Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding, One 97 Communications Limited, is 3.53%, so no single position dominates the visible list. The weight then stays in a fairly tight band through the first ten names, moving from 3.53% to 2.48%; that is a limited drop and suggests the fund is not heavily tilted to just one or two stocks.<\/p>\n<p>At the same time, the list spans 66 holdings, so the displayed top positions represent only part of the overall portfolio. With the top 10 contributing 27.94%, the rest of the portfolio is likely to have a meaningful role in returns, which may soften stock-specific impact but can also make the outcome depend on more names working together. The sector mix across IT, banks, FMCG, electricals and automobile-related stocks also points to a diversified mid-cap approach rather than a narrow theme.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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 best viewed as a fit for investors who can take high risk and stay invested for a longer horizon. The 3-year return is much better than the 1-year result, while the benchmark comparison also shows that the fund has been stronger over longer periods than in the most recent stretch.<\/p>\n<p>That makes patience important. The main trade-off is that a mid-cap portfolio can move sharply in the short run even when the longer trend is constructive, so investors need to accept volatility in exchange for the possibility of stronger medium-term compounding. The visible portfolio is also diversified across 66 holdings, which may help reduce dependence on a single stock, but it does not remove mid-cap market swings.<\/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% on or before 180D, Nil after 180D.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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<p><strong>What is the current NAV of JM Mid Cap Fund Direct Growth Plan?<\/strong><br \/>The NAV is \u20b922.2712 as of 17 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s 1-year return is 6.03%, its 3-year return is 17.94%, and its 5-year return is Data not available.<\/p>\n<p><strong>How has the fund done against its benchmark?<\/strong><br \/>It has outperformed the benchmark over 1 year, 3 years and 3 months, while both the fund and benchmark were negative over 1 month.<\/p>\n<p><strong>How does the fund compare with peers on available return data?<\/strong><br \/>Its 1-year and 3-year returns trail some peer funds such as HSBC Midcap Fund Direct Growth Plan, but it stays ahead of some others on the available figures.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b91,000.<\/p>\n<p><strong>Who manages the fund and what is the exit load?<\/strong><br \/>The fund is managed by Satish Ramanathan, Asit Bhandarkar, Deepak Gupta. and Ruchi Fozdar. The exit load is 1% on or before 180D, Nil after 180D.<\/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 Mid Cap Fund Direct Growth Plan looks stronger over medium horizons than in the latest 1-year stretch, and that difference matters for reading the fund correctly. It is a High Risk mid-cap strategy with a diversified 66-holding portfolio and a relatively modest top-10 concentration. Against peers, the available return data shows room for improvement in the shorter run, while the 3-year record is more competitive. It suits investors who can tolerate volatility and wait for the longer trend rather than focusing on recent softness.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 18 September 2026 at 8:20 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 Mid Cap Fund Direct Growth Plan\",\"identifier\":\"jm-mid-cap-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"21 Nov 2022\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":22.2712,\"valueReference\":\"as of 17 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"1360 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.51\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty Mid Cap\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.03},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":17.94},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Satish Ramanathan, Asit Bhandarkar, 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 Mid Cap Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The NAV is \u20b922.2712 as of 17 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is 6.03%, its 3-year return is 17.94%, and its 5-year return is Data not available.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund done against its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outperformed the benchmark over 1 year, 3 years and 3 months, while both the fund and benchmark were negative over 1 month.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with peers on available return data?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year and 3-year returns trail some peer funds such as HSBC Midcap Fund Direct Growth Plan, but it stays ahead of some others on the available figures.\"}},{\"@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 Satish Ramanathan, Asit Bhandarkar, Deepak Gupta. and Ruchi Fozdar. The exit load is 1% on or before 180D, Nil after 180D.\"}}]}<\/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 Mid Cap Fund Direct Growth Plan has a NAV of \u20b922.2712 as of 17 Sep 2026. It is a High Risk mid-cap fund with 1-year, 3-year and 5-year returns of 6.03%, 17.94% and 0%, and a diversified 66-holding portfolio.<\/p>\n","protected":false},"author":38,"featured_media":254409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-254410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["254409"],"rank_math_title":["JM Mid Cap Fund Direct Growth Review 2026"],"rank_math_description":["JM Mid Cap Fund Direct Growth Plan review: NAV \u20b922.2712, 1Y return 6.03%, 3Y return 17.94%, High Risk mid-cap fund."],"rank_math_focus_keyword":["JM Mid Cap 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_Mid_Cap_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\/254410","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=254410"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/254410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/254409"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=254410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=254410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=254410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}