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

₹22.1112

As of

17 Jul 2026

896 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	-0.45%	-0.23%	-0.22	24 / 31	Q4
1W	-0.33%	-0.51%	+0.18	10 / 31	Q2
2W	-0.22%	+0.60%	-0.82	28 / 31	Q4
1M	+1.44%	+1.56%	-0.12	20 / 31	Q3
3M	+10.66%	+5.71%	+4.95	3 / 31	Q1
6M	+13.27%	+5.07%	+8.19	2 / 31	Q1
YTD	+10.95%	+2.84%	+8.11	2 / 30	Q1
1Y	+7.64%	+2.58%	+5.06	6 / 30	Q1
2Y	+3.70%	+1.07%	+2.64	7 / 28	Q1
3Y	+22.75%	+15.52%	+7.24	3 / 28	Q1
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+24.19%	+15.15%	+9.04	3 / 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	+10.95%	+2.84%	+8.11	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

+28.07%

33 windows

min -2.1% · max 72.1%

88% positive

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

3-Year rolling

+24.79%

9 windows

min 22.8% · max 27.2%

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

17.52%

3-year · annualised

Sharpe ratio

0.89

vs risk-free 6.5%

Sortino ratio

1.61

Downside-only deviation

Max drawdown

-22.54%

Sep 2024 → Feb 2025

% positive months

66.7%

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	₹81.4130	17 Jul 2026
SBI Midcap Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹155.8445	17 Jul 2026
ICICI Prudential MidCap Fund - Direct Plan - IDCW	ICICI Prudential	₹70.3500	17 Jul 2026
Invesco India Midcap Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹84.0600	17 Jul 2026
BANDHAN MIDCAP FUND - IDCW - DIRECT PLAN	Bandhan	₹19.7020	17 Jul 2026
quant Mid Cap Fund - IDCW Option - Direct Plan	Quant	₹89.2853	17 Jul 2026
Aditya Birla Sun Life Midcap Fund -DIRECT - IDCW	Aditya Birla Sun Life	₹100.6900	17 Jul 2026
Motilal Oswal Midcap Fund-Direct - IDCW Payout/Reinvestment	Motilal Oswal	₹46.6684	17 Jul 2026
Franklin India Mid Cap Fund - Direct - IDCW	Franklin India	₹105.1035	17 Jul 2026
Mirae Asset Midcap Fund Direct IDCW	Mirae Asset	₹28.6980	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹22.1112
16 Jul 2026	₹22.2108
15 Jul 2026	₹22.1560
14 Jul 2026	₹22.0449
13 Jul 2026	₹22.2262
10 Jul 2026	₹22.1845
9 Jul 2026	₹21.9225
8 Jul 2026	₹21.5289
7 Jul 2026	₹21.9342
6 Jul 2026	₹22.1614

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 17 Jul 2026, the NAV of JM Midcap Fund (Direct) - IDCW is ₹22.1112. 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 7 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 7.64% — +5.06 pp ahead of the Mid Cap Fund category average of 2.58%. The fund ranks #6 of 30 in its category — the top (Q1) quartile.

Over the trailing 3-year window, JM Midcap Fund (Direct) - IDCW has delivered a CAGR of 22.75% — +7.24 pp ahead of the Mid Cap Fund category average of 15.52%. 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 ₹184,969 today — a multiplier of 1.85×, based on the 3-year CAGR of 22.75%. The category average over the same window would have grown ₹1 lakh to ₹154,147.

A ₹10,000 monthly SIP in JM Midcap Fund (Direct) - IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹447,928 today. That's an XIRR (money-weighted annualised return) of 14.72%.

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 ₹447,928 — XIRR 14.72%.

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 15.52%; this fund delivered 22.75%.

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 24.79% (best 27.19%, worst 22.75%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.89 — 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.