Should I invest in JM Midcap Fund (Direct)?

We don't give personal investment advice. JM Midcap Fund (Direct) - IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding.

JM Midcap Fund (Direct) - IDCW

Latest NAV

₹21.0183

As of

3 Jun 2026

865 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.53%	+0.14%	-0.67	29 / 31	Q4
1W	-1.81%	-1.87%	+0.06	15 / 31	Q2
2W	+0.35%	-0.11%	+0.46	7 / 31	Q1
1M	+3.37%	+0.51%	+2.86	2 / 31	Q1
3M	+11.49%	+3.44%	+8.05	2 / 31	Q1
6M	+3.73%	-2.01%	+5.74	3 / 30	Q1
YTD	+5.47%	-1.58%	+7.05	2 / 30	Q1
1Y	+8.04%	+2.35%	+5.69	5 / 29	Q1
2Y	+5.19%	+3.03%	+2.15	8 / 28	Q2
3Y	+23.84%	+16.24%	+7.59	3 / 28	Q1
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+23.33%	+14.53%	+8.80	2 / 31	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+5.47%	-1.58%	+7.05	2 / 30
2025	-1.83%	-0.94%	-0.90	19 / 28
2024	+36.99%	+26.10%	+10.88	4 / 28
2023	+47.93%	+33.37%	+14.56	1 / 27
2022	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+27.62%

31 windows

min -3.3% · max 71.4%

87% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+24.66%

7 windows

min 22.2% · max 26.3%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

17.36%

3-year · annualised

Sharpe ratio

0.96

vs risk-free 6.5%

Sortino ratio

1.74

Downside-only deviation

Max drawdown

-22.54%

Sep 2024 → Feb 2025

% positive months

72.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Mid Cap Fund

Scheme	Fund house	NAV	As of
HDFC Mid Cap Fund - IDCW Option - Direct Plan	HDFC	₹77.7900	3 Jun 2026
SBI Midcap Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹148.2267	3 Jun 2026
ICICI Prudential MidCap Fund - Direct Plan - IDCW	ICICI Prudential	₹69.4100	3 Jun 2026
Invesco India Midcap Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹76.9100	3 Jun 2026
BANDHAN MIDCAP FUND - IDCW - DIRECT PLAN	Bandhan	₹18.8330	3 Jun 2026
quant Mid Cap Fund - IDCW Option - Direct Plan	Quant	₹86.2856	3 Jun 2026
Aditya Birla Sun Life Midcap Fund -DIRECT - IDCW	Aditya Birla Sun Life	₹95.7500	3 Jun 2026
Motilal Oswal Midcap Fund-Direct - IDCW Payout/Reinvestment	Motilal Oswal	₹42.4667	3 Jun 2026
Franklin India Mid Cap Fund - Direct - IDCW	Franklin India	₹108.9957	3 Jun 2026
Mirae Asset Midcap Fund Direct IDCW	Mirae Asset	₹26.9280	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹21.0183
2 Jun 2026	₹21.1298
1 Jun 2026	₹20.9501
29 May 2026	₹21.2296
27 May 2026	₹21.4047
26 May 2026	₹21.2665
25 May 2026	₹21.1975
22 May 2026	₹20.9546
21 May 2026	₹21.0254
20 May 2026	₹20.9457

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of JM Midcap Fund (Direct) - IDCW is ₹21.0183. It's a Mid Cap Fund from the fund house, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

JM Midcap Fund (Direct) - IDCW has NAV history starting from 25 Nov 2022, a track record of about 3 years 6 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

JM Midcap Fund (Direct) - IDCW is managed by the fund house. It's classified by AMFI under the 'Mid Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, JM Midcap Fund (Direct) - IDCW has delivered a absolute return of 8.04% — +5.69 pp ahead of the Mid Cap Fund category average of 2.35%. The fund ranks #5 of 29 in its category — the top (Q1) quartile.

Over the trailing 3-year window, JM Midcap Fund (Direct) - IDCW has delivered a CAGR of 23.84% — +7.59 pp ahead of the Mid Cap Fund category average of 16.24%. The fund ranks #3 of 28 in its category — the top (Q1) quartile.

JM Midcap Fund (Direct) - IDCW doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in JM Midcap Fund (Direct) - IDCW exactly 3 years ago would be worth approximately ₹189,906 today — a multiplier of 1.90×, based on the 3-year CAGR of 23.84%. The category average over the same window would have grown ₹1 lakh to ₹157,064.

A ₹10,000 monthly SIP in JM Midcap Fund (Direct) - IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹438,536 today. That's an XIRR (money-weighted annualised return) of 13.23%.

JM Midcap Fund (Direct) - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹438,536 — XIRR 13.23%.

On a 3-year basis, JM Midcap Fund (Direct) - IDCW ranks #3 out of 28 funds in the Mid Cap Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 16.24%; this fund delivered 23.84%.

The worst peak-to-trough decline JM Midcap Fund (Direct) - IDCW has experienced over the last 3-year window is 22.54% — its NAV fell from a high on 24 Sep 2024 to a low on 28 Feb 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, JM Midcap Fund (Direct) - IDCW averaged 24.66% (best 26.34%, worst 22.18%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.96 — reasonable risk-adjusted performance.

In calendar year 2025, JM Midcap Fund (Direct) - IDCW returned -1.83% — lagging the Mid Cap Fund category average of -0.94% by 0.90 pp. It ranked #19 of 28 in its category that year.

JM Midcap Fund (Direct) - IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. JM Midcap Fund (Direct) - IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.