JM Financial Mutual Fund, one of India’s first privately-operated mutual fund companies, began operations in 1993-94. It is a subsidiary of the JM Financial Group, a prominent name in India’s financial services sector with deep roots dating back to the early years of Indian independence. The group’s origins trace back to the Kampani family, who took a keen interest in the emerging capital market during the country's formative years. The group’s first company, JM Financial & Investment Consultancy Services, was established on September 15, 1973, under the leadership of Mr. Nimesh N. Kriplani, a well-known figure in the financial sector. He played a key role in educating the Indian public about investing in blue-chip companies. Over a decade later, on January 30, 1986, JM Share & Stock Brokers (JMSSB) was founded, eventually paving the way for the formation of JM Financial Asset Management Ltd., the AMC of JM Financial Mutual Funds. JM Financial began its journey by launching three funds: the JM Equity Fund, JM Liquid Fund (later renamed JM Income Fund), and JM Balanced Fund, which laid the foundation for its diverse range of offerings over the following decades. In 1997, JM Financial Ltd entered a joint venture with global financial giant Morgan Stanley, leading to significant growth. By 2001, the company became debt-free, repaying all loans and redeeming its final debenture installment, marking a new chapter of financial strength. Two key milestones followed in 2006: the launch of a corporate private equity fund and the merger of J.M. Securities Pvt. Ltd. The company continued its expansion in 2008 by acquiring JM Financial ASK Securities Pvt. Ltd. and entering into a strategic partnership to offer advisory services to Indian and African firms operating along the Indo-African corridor. JM Financial has formed various strategic partnerships, including with Seabury and Fairassets Technologies India Pvt. Ltd. The company's mission is to provide sound financial advice and generate strong quarterly returns through effective risk management. As of March 2024, JM Financial manages ₹5,819.13 crores in assets across 74 schemes, including equity, debt, ELSS, liquid, and fixed asset funds. With a highly experienced team of fund managers, JM Financial Ltd. continues to be a key player in India’s financial services sector.
Fund Name
Rating
1Y Return
3Y Return
Fund Size (in Cr)
JM Flexicap Fund (Direct) Growth Option
5
32.86%
26.18%
₹5012.19 Cr
JM Value Fund (Direct) - Growth
5
22.18%
24.99%
₹1524.74 Cr
JM Aggressive Hybrid Fund (Direct) - Growth Option
5
24.62%
22.73%
₹719.68 Cr
JM Focused Fund (Direct) - Growth Option
3
24.13%
20.85%
₹211.91 Cr
JM Tax Gain Fund (Direct) - Growth
5
29.00%
19.75%
₹183.48 Cr
JM Large Cap Fund (Direct) - Growth
5
15.20%
15.62%
₹495.06 Cr
JM Arbitrage Fund (Direct) - Growth Option
NA
7.87%
6.68%
₹177.82 Cr
JM Dynamic Bond Fund (Direct) - Growth Option
4
8.91%
6.52%
₹44.16 Cr
JM Low Duration Fund (Direct) - Growth
4
7.82%
6.49%
₹229.93 Cr
JM Liquid Fund (Direct) - Growth Option
NA
7.33%
6.47%
₹2940.53 Cr
JM Overnight Fund Direct Growth
NA
6.65%
6.02%
₹146.63 Cr
JM Medium to Long Dur Fund (Direct) - Growth Option
3
8.92%
5.76%
₹27.50 Cr
JM Midcap Fund Direct Growth
NA
35.66%
-
₹1696.31 Cr
JM Short Duration Fund Direct Growth
NA
8.00%
-
₹124.00 Cr
JM Small Cap Fund Direct Growth
NA
-
-
₹612.40 Cr
Mutual fund name
JM Financial Mutual Fund
Asset Management Company Name
JM Financial Asset Management Limited
AMC Setup Date
01 September 1994
AMC Incorporation Date
09 June 1994
Sponsor Name
JM Financial Ltd
Trustee Organisation
JM Financial Asset Management Ltd
CIO
Mr Satish Ramanathan
MD & CEO
Mr Amitabh Mohanty
Compliance Officer
Ms Diana D’sa
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Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).
Step 6 : Decide on the Investment Amount
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Mr. Harish C. Kukreja
Mr. Harish C. Kukreja is a highly influential figure in the financial services industry, with nearly four decades of experience. He holds a Commerce MA from Delhi University (1982 batch) and an MBA in Finance from the renowned Faculty of Management Studies, earned in 1997. Mr. Kukreja began his career as a Probationary Officer at Canara Bank, before moving to the Unit Trust of India (now UTI Asset Management Pvt. Ltd.), where he played a key role in launching the PAN Card Project across 512 towns and cities nationwide.
Mr. Asit Bhandarkar
Asit Bhandarkar, an MBA in Finance from the University of Mumbai, has over 15 years of experience in the financial services industry. Before joining JM Financial Ltd. in 2006, Mr. Bhandarkar worked as a Research Analyst at Sushil Finance and Jet Age Securities. He transitioned to fund management in 2003 when he joined SBI Funds Management, where he worked for two years. He then moved to Lotus India AMC, where he served as a Fund Manager for another year.
Mr. Chaitanya Choksi
Mr. Chaitanya Choksi is an accomplished Fund Manager in the Equity division with over 17 years of experience in the market. He holds an MBA in Finance from the prestigious SVKM’s Narsee Monjee Institute of Management Studies, graduating in 2001. Throughout his distinguished career, Mr. Choksi has held several key roles. Prior to joining the Equity team at JM Financial Ltd., he worked with UTI Investment Advisory Services Ltd., IL & FS Investsmart, Chanrai Finance Pvt. Ltd., and most recently, Lotus India AMC.
Mr. Vikas Agrawal
Mr. Vikas Agrawal is a key member of the Debt Fund Management team at JM Financial Mutual Fund India. He holds a PGDBM in Finance from the International School of Business and Media, graduating in 2003. Mr. Agrawal began his career at Centrum Capital Ltd. as the Manager of their Fixed Income team. In 2004, he moved to SPA Capital Services Ltd., where he worked as the Assistant Vice President of Fixed Income until 2007, before joining JM Financial Ltd. In addition to managing 35 schemes with an AUM of Rs. 789 Crore, Mr. Agrawal is actively involved in various operational processes at the firm. As a Senior Vice President and Fund Manager, he is responsible for overseeing Fixed Income portfolios, managing asset allocation and credit of Fixed Income securities, and selecting security portfolios.
Mr. Sanjay Chhabaria
Mr. Sanjay Chhabaria has nearly two decades of experience in equity research and fund management, with a deep understanding of the financial services sector in India. He has been associated with JM Financial Mutual Funds for almost 12 years, currently serving as a Fund Manager in its Equity division. Before joining JM Financial, Mr. Chhabaria worked as a Fund Manager at leading financial services firms like Lotus India AMC and SBI Funds Management. He also began his career in 1999 as a Research Analyst at IDBI Capital Markets and SMIFS Securities Ltd.
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