JM Large Cap Fund - (Direct) - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Large Cap Fund

Equity Holding : 99.41% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.41%

No of Stocks : 49 (Category Avg - 52.03) | Large Cap Investments : 51.31%| Mid Cap Investments : 18.03% | Small Cap Investments : 2.2% | Other : 27.88%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	49	51.15
Top 5 Stock Weight	27.05%	31.27%
Top 10 Stock Weight	41.69%	48.42%
Top 3 Sector Weight	30.97%	36.29%

Category - Large Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	126731.80	151548.82
Holdings in large cap stocks	51.31%	60.32%
Holdings in mid cap stocks	18.03%	8.59%
Holdings in small cap stocks	2.2%	2.38%

Category - Large Cap Fund

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# HDFC Bank Ltd.	Private sector bank	425.9	8.83%	0.00%	9.1% (Oct 2025)	3.41% (Jan 2025)	4.23 L	-0.26 L
# Reliance Industries Ltd.	Refineries & marketing	278.2	5.77%	0.00%	6.7% (Mar 2025)	0% (Nov 2024)	1.77 L	39.20 k
# ICICI Bank Ltd.	Private sector bank	217.5	4.51%	0.00%	7.38% (Jan 2025)	4.74% (Jun 2025)	1.57 L	-0.23 L
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	204.6	4.24%	0.00%	6.05% (Nov 2024)	3.18% (Mar 2025)	97.35 k	0.00
# Larsen & Toubro Ltd.	Civil construction	178.5	3.70%	0.00%	4.3% (Jul 2025)	0% (Nov 2024)	43.85 k	0.00
# Infosys Ltd.	Computers - software & consulting	162.9	3.38%	0.00%	7.47% (Dec 2024)	3.16% (Jul 2025)	1.04 L	-2.58 k
# Bajaj Finance Ltd.	Non banking financial company (nbfc)	155.6	3.23%	0.00%	4.06% (Mar 2025)	0% (Nov 2024)	1.50 L	0.00
# State Bank Of India	Public sector bank	149.2	3.09%	0.00%	4.99% (Nov 2024)	2.2% (Jul 2025)	1.52 L	0.00
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	119.5	2.48%	0.00%	2.55% (Jan 2025)	1.63% (Dec 2024)	31.80 k	0.00
# InterGlobe Aviation Ltd.	Airline	118.6	2.46%	0.00%	2.72% (Jul 2025)	0% (Nov 2024)	20.10 k	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
# HDFC Bank Ltd.	Private sector bank	16.44	425.9	8.83%	0.00%	9.1% (Oct 2025)	3.41% (Jan 2025)	4.23 L	-0.26 L	Other	27.88
# Reliance Industries Ltd.	Refineries & marketing	5.77	278.2	5.77%	0.00%	6.7% (Mar 2025)	0% (Nov 2024)	1.77 L	39.20 k	Large Cap	51.31
# ICICI Bank Ltd.	Private sector bank	16.44	217.5	4.51%	0.00%	7.38% (Jan 2025)	4.74% (Jun 2025)	1.57 L	-0.23 L	Large Cap	51.31
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.24	204.6	4.24%	0.00%	6.05% (Nov 2024)	3.18% (Mar 2025)	97.35 k	0.00	Large Cap	51.31
# Larsen & Toubro Ltd.	Civil construction	3.7	178.5	3.70%	0.00%	4.3% (Jul 2025)	0% (Nov 2024)	43.85 k	0.00	Large Cap	51.31
# Infosys Ltd.	Computers - software & consulting	8.71	162.9	3.38%	0.00%	7.47% (Dec 2024)	3.16% (Jul 2025)	1.04 L	-2.58 k	Large Cap	51.31
# Bajaj Finance Ltd.	Non banking financial company (nbfc)	5.67	155.6	3.23%	0.00%	4.06% (Mar 2025)	0% (Nov 2024)	1.50 L	0.00	Other	27.88
# State Bank Of India	Public sector bank	3.09	149.2	3.09%	0.00%	4.99% (Nov 2024)	2.2% (Jul 2025)	1.52 L	0.00	Large Cap	51.31
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.86	119.5	2.48%	0.00%	2.55% (Jan 2025)	1.63% (Dec 2024)	31.80 k	0.00	Large Cap	51.31
# InterGlobe Aviation Ltd.	Airline	2.46	118.6	2.46%	0.00%	2.72% (Jul 2025)	0% (Nov 2024)	20.10 k	0.00	Large Cap	51.31
# Shriram Finance Ltd.	Non banking financial company (nbfc)	5.67	117.5	2.44%	0.00%	2.12% (Oct 2025)	0% (Nov 2024)	1.38 L	0.00	Other	27.88
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.86	114.8	2.38%	0.00%	4.26% (Feb 2025)	1.78% (Jul 2025)	7.22 k	0.00	Large Cap	51.31
# Torrent Pharmaceuticals Ltd.	Pharmaceuticals	5.82	107.9	2.24%	0.00%	2.15% (Sep 2025)	0% (Nov 2024)	29.00 k	0.00	Mid Cap	18.03
# Adani Ports And Special Economic Zone Ltd.	Port & port services	2.08	100.5	2.08%	0.00%	2.31% (Nov 2024)	0% (Nov 2024)	66.25 k	6.00 k	Large Cap	51.31
# Apollo Hospitals Enterprises Ltd.	Hospital	2.05	98.7	2.05%	0.00%	2.12% (Oct 2025)	0% (Nov 2024)	13.45 k	0.00	Mid Cap	18.03
# Kotak Mahindra Bank Ltd.	Private sector bank	16.44	92.8	1.92%	0.00%	3.12% (Feb 2025)	0% (Nov 2024)	43.70 k	16.50 k	Large Cap	51.31
# LTIMindtree Ltd.	Computers - software & consulting	8.71	89.6	1.86%	0.00%	2.06% (Nov 2024)	1.49% (Apr 2025)	14.70 k	0.00	Mid Cap	18.03
# Coforge Ltd.	Computers - software & consulting	8.71	84	1.74%	0.00%	2.11% (May 2025)	0% (Nov 2024)	44.00 k	0.00	Other	27.88
# Tech Mahindra Ltd.	Computers - software & consulting	8.71	83.5	1.73%	0.00%	2.25% (May 2025)	0% (Nov 2024)	55.00 k	-0.14 L	Large Cap	51.31
# J S W Energy Ltd.	Power generation	1.72	83.1	1.72%	0.00%	1.86% (Sep 2025)	0% (Nov 2024)	1.70 L	0.00	Mid Cap	18.03
# United Spirits Ltd.	Breweries & distilleries	1.7	82.2	1.70%	0.00%	2.49% (Apr 2025)	0% (Nov 2024)	56.59 k	0.00	Large Cap	51.31
# 360 ONE WAM Ltd.	Other financial services	1.69	81.6	1.69%	0.00%	1.53% (Oct 2025)	0% (Nov 2024)	69.00 k	0.00	Other	27.88
# One 97 Communications Ltd.	Financial technology (fintech)	1.69	81.5	1.69%	0.00%	2.1% (Aug 2025)	0% (Nov 2024)	61.70 k	0.00	Other	27.88
# Divis Laboratories Ltd.	Pharmaceuticals	5.82	78.3	1.62%	0.00%	1.67% (Oct 2025)	0% (Nov 2024)	12.09 k	0.00	Large Cap	51.31
# TVS Motor Company Ltd.	2/3 wheelers	2.7	78.2	1.62%	0.00%	1.8% (Oct 2025)	0% (Nov 2024)	22.15 k	-2.85 k	Mid Cap	18.03
# Ultratech Cement Ltd.	Cement & cement products	1.61	77.7	1.61%	0.00%	3.75% (Jan 2025)	0% (Nov 2024)	6.70 k	0.00	Large Cap	51.31
# Cummins India Ltd.	Compressors, pumps & diesel engines	1.56	75.5	1.56%	0.00%	1.72% (Oct 2025)	0% (Nov 2024)	16.85 k	-2.40 k	Mid Cap	18.03
# Dixon Technologies (India) Ltd.	Consumer electronics	1.48	71.5	1.48%	0.00%	1.67% (Aug 2025)	0% (Nov 2024)	4.90 k	0.00	Other	27.88
# Trent Limited	Speciality retail	1.47	71	1.47%	0.00%	2.14% (Jun 2025)	0% (Nov 2024)	16.70 k	0.00	Mid Cap	18.03
# Dr. Reddys Laboratories Ltd.	Pharmaceuticals	5.82	70.5	1.46%	0.00%	2.88% (Dec 2024)	0% (Nov 2024)	56.00 k	8.00 k	Other	27.88
# Bharat Electronics Ltd.	Aerospace & defense	1.45	70	1.45%	0.00%	1.8% (Jun 2025)	0% (Nov 2024)	1.70 L	-0.25 L	Mid Cap	18.03
# Indian Hotels Company Limited	Hotels & resorts	1.45	69.8	1.45%	0.00%	1.43% (Oct 2025)	0% (Nov 2024)	93.79 k	0.00	Mid Cap	18.03
# PNB Housing Finance Ltd.	Housing finance company	1.39	67	1.39%	0.00%	1.52% (Jun 2025)	0% (Nov 2024)	74.00 k	0.00	Mid Cap	18.03
# Hindalco Industries Ltd.	Aluminium	1.38	66.7	1.38%	0.00%	1.95% (Mar 2025)	1.1% (Nov 2024)	82.50 k	-0.13 L	Large Cap	51.31
# Tata Steel Ltd.	Iron & steel products	1.38	66.3	1.38%	0.00%	1.48% (Oct 2025)	0% (Nov 2024)	3.95 L	0.00	Other	27.88
# HDFC Life Insurance Company Ltd.	Life insurance	1.29	62.4	1.29%	0.00%	2.87% (Apr 2025)	0% (Nov 2024)	81.67 k	0.00	Large Cap	51.31
# Hindustan Unilever Ltd.	Diversified fmcg	1.29	62.4	1.29%	0.00%	1.37% (Aug 2025)	0% (Nov 2024)	25.30 k	0.00	Large Cap	51.31
# CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2.39	60.5	1.25%	0.00%	1.37% (Sep 2025)	0% (Nov 2024)	89.87 k	0.00	Small Cap	2.2
# Indus Towers Ltd.	Telecom - infrastructure	1.25	60.2	1.25%	0.00%	1.34% (Apr 2025)	0% (Nov 2024)	1.50 L	0.00	Large Cap	51.31
# Prestige Estates Projects Ltd.	Residential, commercial projects	1.22	58.7	1.22%	0.00%	1.25% (Oct 2025)	0% (Nov 2024)	35.00 k	0.00	Mid Cap	18.03
# Eternal Ltd.	E-retail/ e-commerce	1.19	57.6	1.19%	0.00%	2.47% (Dec 2024)	0% (Nov 2024)	1.92 L	0.00	Other	27.88
# Titan Company Ltd.	Gems, jewellery and watches	1.19	57.4	1.19%	0.00%	1.33% (Jan 2025)	0% (Nov 2024)	14.70 k	2.70 k	Large Cap	51.31
# Axis Bank Ltd.	Private sector bank	16.44	57	1.18%	0.00%	3.38% (Jun 2025)	0% (Nov 2024)	44.52 k	-0.21 L	Large Cap	51.31
# Hitachi Energy India Ltd.	Heavy electrical equipment	2.39	54.8	1.14%	0.00%	1.05% (Oct 2025)	0% (Nov 2024)	2.49 k	-0.40 k	Other	27.88
# Polycab India Limited	Cables - electricals	1.09	52.7	1.09%	0.00%	0.9% (Oct 2025)	0% (Nov 2024)	7.05 k	1.35 k	Other	27.88
# Bajaj Auto Ltd.	2/3 wheelers	2.7	51.3	1.06%	0.00%	2.43% (Nov 2024)	1.2% (Aug 2025)	5.65 k	-1.15 k	Large Cap	51.31
# CreditAccess Grameen Ltd.	Microfinance institutions	0.95	45.7	0.95%	0.00%	2.01% (Jun 2025)	0% (Nov 2024)	34.14 k	-0.16 L	Small Cap	2.2
# Blue Jet Healthcare Ltd.	Pharmaceuticals	5.82	24.2	0.50%	0.00%	0.56% (Oct 2025)	0% (Nov 2024)	41.90 k	0.00	Other	27.88
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	2.7	1	0.02%	0.00%	0% (Dec 2025)	0% (Dec 2025)	1.00 L	0.00	Other	27.88
Swiggy Ltd.	E-retail/ e-commerce	1.19	26.6	0.00%	-0.55%	-	-	-	-	Other	27.88
Eicher Motors Ltd.	2/3 wheelers	2.7	51.9	0.00%	-1.06%	-	-	-	-	Other	27.88

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Swiggy Ltd.	E-retail/ e-commerce	26.6	0.00%	-0.55%	1.88% (Jan 2025)	0% (Nov 2024)	0.00	-64850
Eicher Motors Ltd.	2/3 wheelers	51.9	0.00%	-1.06%	1.31% (Mar 2025)	0% (Nov 2024)	0.00	-7400

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
HDFC Bank Ltd.	8.83%	9.10%	8.51%	8.43%	8.56%	6.73%	7.68%	7.88%	8.21%	5.24%	3.41%	5.11%	8.69%
ICICI Bank Ltd.	4.51%	4.95%	5.41%	5.56%	5.64%	4.74%	4.87%	4.99%	5.33%	7.08%	7.38%	6.13%	6.63%
Bharti Airtel Ltd.	4.24%	4.11%	4.23%	4.73%	4.98%	4.95%	4.70%	3.31%	3.18%	3.77%	3.65%	5.62%	6.05%
Infosys Ltd.	3.38%	3.26%	3.18%	3.21%	3.16%	3.96%	3.97%	3.97%	3.61%	5.20%	5.40%	7.47%	4.80%
Reliance Industries Ltd.	5.77%	4.22%	3.97%	3.74%	3.67%	3.75%	2.70%	3.88%	6.70%	-	2.58%	3.72%	3.84%
State Bank Of India	3.09%	2.93%	2.54%	2.32%	2.20%	3.00%	3.45%	4.57%	4.61%	3.89%	4.07%	4.87%	4.99%
Larsen & Toubro Ltd.	3.70%	3.63%	3.31%	4.05%	4.30%	4.11%	4.23%	3.99%	3.13%	3.04%	-	2.61%	2.35%
Bajaj Finserv Ltd	-	-	-	-	-	-	-	-	-	3.48%	3.01%	-	-
Wipro Ltd.	-	-	-	-	-	-	-	-	-	-	-	4.07%	2.28%
Cholamandalam Investment & Finance Co. Ltd.	-	-	-	-	0.72%	1.00%	-	-	2.00%	5.41%	5.28%	-	-
Bajaj Finance Ltd.	3.23%	3.21%	2.88%	2.51%	2.41%	1.95%	1.96%	1.92%	4.06%	1.77%	-	-	-
Siemens Ltd.	-	-	-	-	-	-	-	-	-	-	1.86%	2.62%	3.27%
Maruti Suzuki India Ltd.	2.38%	2.40%	2.39%	2.18%	1.78%	1.89%	1.93%	1.99%	2.87%	4.26%	4.09%	1.81%	2.24%
InterGlobe Aviation Ltd.	2.46%	2.32%	2.53%	2.53%	2.72%	2.60%	1.57%	2.07%	2.08%	-	-	2.61%	-
Havells India Ltd.	-	-	-	-	-	-	-	1.23%	2.62%	2.61%	2.94%	-	-