Primarily market-linked growth exposure
The primary objective of the Scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies, as defined by SEBI. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Investors with a long horizon who can tolerate meaningful falls in value.
Share-price volatility, valuation risk, concentration and tracking risk where applicable.
How the money may be invested
Equity & Equity related instruments^ of small cap companies$ - 65%-100%, Equity and equity related instruments^ of other than small cap companies - 0%-35%, Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds*- 0%-35%. $Small Cap companies are those companies which are classified as small cap companies by Securities and Exchange Board of India (SEBI) or Association of Mutual Funds in India (AMFI) in terms of market capitalisation. Small Cap Companies as defined by SEBI: 251st company onwards in terms of full market capitalization. *Any other security as may be permitted by SEBI/ RBI from time to time. Other Liquid instruments includes cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI. The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund. ^The AMC intends to invest in derivative instruments in accordance with the SEBI (Mutual Funds) Regulations, 2026, as and when opportunities arise in the derivatives markets. The investment in derivatives will not exceed 50% of the net assets of the scheme and will be broadly in line with the investment objective of the Scheme.
- SEBI category
- Small Cap Fund
- Fund type
- An open ended equity scheme predominantly investing in small cap stocks.
- Primary benchmark
- Nifty Smallcap 250 TRI (Total Return Index)
- Secondary benchmark
- Nifty 50 TRI
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Mr. Asit Bhandarkar, Mr. Satish Ramanathan, Mr. Deepak Gupta , Ms. Ruchi Fozdar
- Manager tenure on this scheme
- Since Mr. Asit Bhandarkar - 18/06/2024, Mr. Satish Ramanathan - 01/10/2024, Mr. Deepak Gupta - 11/04/2025, Ms. Ruchi Fozdar -04/10/2024
- Role / co-management
- Fund Manager - Mr. Asit Bhandarkar, Co-Fund Managers - Mr. Satish Ramanathan, Mr. Deepak Gupta, Ms. Ruchi Fozdar (For Debt portion only)
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| JM Small Cap Fund - Direct Plan - Growth Option | ₹12.0545 | 04 Sep 2026 |
| JM Small Cap Fund - Direct Plan - IDCW Option | ₹12.0547 | 04 Sep 2026 |
| JM Small Cap Fund - Regular Plan - Growth Option | ₹11.6189 | 04 Sep 2026 |
| JM Small Cap Fund - Regular Plan - IDCW Option | ₹11.6189 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 2.53%, Direct 0.96%
- Exit load
- In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 180 days from the date of allotment, No Exit Load is payable if Units are redeemed / switched-out after 180 days from the date of allotment, No Entry / Exit Load shall be levied on units allotted on Reinvestment of Income Distribution cum Capital Withdrawal Option, In respect of Systematic Transactions such as SIP,STP, SWP, Exit Load, if any, prevailing on the date of registration / enrolment for SIP/STP/SWP shall be levied for all the opted Installments.
- Minimum application
- 1000/- · multiples of 1
- SIP frequency
- SIP - Daily, Weekly, Fortnightly, Monthly, Quarterly, STP- Daily,Weekly, Fortnightly, Monthly , Quarterly, SWP- Monthly, Quarterly, Half Yearly , Yearly
- Minimum SIP amount
- SIP - Daily, Weekly and Fortnightly - Rs. 500 - 6 Installments ; Monthly and Quarterly - Rs. 1000 - 6 Installments,STP- Daily 60 installments: 100 each. Further in multiples of Re 1/- Weekly/Fortnightly/Monthly : 12 installments for Rs. 500 or 6 installments for Rs. 1000 each. Further in multiple of Re 1/-. Quaterly : 3000 each 2 Instalments, SWP - Fixed Amount Withdrawal (FAW) - 5 instalments for Rs. 500/- each. Further in multiples of Re. 1/-; Capital Appreciation Withdrawal (CAW) - 5 instalments for Rs. 500/- each. Further in multiples of Re. 1/-
- Minimum instalments
- SIP - Daily, Weekly, Fortnightly, Monthly, Quarterly - 6; STP - Daily - 60, Weekly - 12 , Fortnightly - 12 , Monthly - 12 Quarterly - 2 , SWP- 5 Instalments
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.