JM Large Cap Fund - 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

Portfolio Turnover Ratio : 191.55%. Category average turnover ratio is 233.35%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 99.09% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.09%

No of Stocks : 50 (Category Avg - 52.18) | Large Cap Investments : 51.67%| Mid Cap Investments : 17.68% | Small Cap Investments : 2.39% | Other : 27.34%

Portfolio Summary (as on 31st Dec,2025)

Particulars	This Scheme	Category
No. of Stocks	50	51.12
Top 5 Stock Weight	27.67%	31.6%
Top 10 Stock Weight	43.08%	49.06%
Top 3 Sector Weight	30.43%	36.58%

Category - Large Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	131822.21	153486.92
Holdings in large cap stocks	51.67%	60.87%
Holdings in mid cap stocks	17.68%	7.92%
Holdings in small cap stocks	2.39%	2.24%

Category - Large Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Dec,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	419	9.02%	0.20%	9.1% (Oct 2025)	3.41% (Jan 2025)	4.23 L	0.00
Reliance Industries Ltd.	Refineries & marketing	290.5	6.26%	0.49%	6.7% (Mar 2025)	0% (Jan 2025)	1.85 L	7.50 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	205	4.41%	0.17%	4.98% (Jul 2025)	3.18% (Mar 2025)	97.35 k	0.00
ICICI Bank Ltd.	Private sector bank	191.5	4.12%	-0.38%	7.38% (Jan 2025)	4.12% (Dec 2025)	1.43 L	-0.14 L
Larsen & Toubro Ltd.	Civil construction	179.1	3.86%	0.16%	4.3% (Jul 2025)	0% (Jan 2025)	43.85 k	0.00
State Bank Of India	Public sector bank	162	3.49%	0.40%	4.61% (Mar 2025)	2.2% (Jul 2025)	1.65 L	12.50 k
Infosys Ltd.	Computers - software & consulting	158.9	3.42%	0.04%	5.4% (Jan 2025)	3.16% (Jul 2025)	98.34 k	-6.09 k
Bajaj Finance Ltd.	Non banking financial company (nbfc)	148	3.19%	-0.04%	4.06% (Mar 2025)	0% (Jan 2025)	1.50 L	0.00
Shriram Finance Ltd.	Non banking financial company (nbfc)	126	2.71%	0.28%	2.71% (Dec 2025)	0% (Jan 2025)	1.27 L	-0.12 L
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	120.5	2.60%	0.22%	4.26% (Feb 2025)	1.78% (Jul 2025)	7.22 k	0.00

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

View complete holding

Complete equity Portfolio (as on 31st Dec,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	16.43	419	9.02%	0.20%	9.1% (Oct 2025)	3.41% (Jan 2025)	4.23 L	0.00	Other	27.34
Reliance Industries Ltd.	Refineries & marketing	6.26	290.5	6.26%	0.49%	6.7% (Mar 2025)	0% (Jan 2025)	1.85 L	7.50 k	Large Cap	51.67
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.41	205	4.41%	0.17%	4.98% (Jul 2025)	3.18% (Mar 2025)	97.35 k	0.00	Large Cap	51.67
ICICI Bank Ltd.	Private sector bank	16.43	191.5	4.12%	-0.38%	7.38% (Jan 2025)	4.12% (Dec 2025)	1.43 L	-0.14 L	Large Cap	51.67
Larsen & Toubro Ltd.	Civil construction	3.86	179.1	3.86%	0.16%	4.3% (Jul 2025)	0% (Jan 2025)	43.85 k	0.00	Large Cap	51.67
State Bank Of India	Public sector bank	3.49	162	3.49%	0.40%	4.61% (Mar 2025)	2.2% (Jul 2025)	1.65 L	12.50 k	Large Cap	51.67
Infosys Ltd.	Computers - software & consulting	7.74	158.9	3.42%	0.04%	5.4% (Jan 2025)	3.16% (Jul 2025)	98.34 k	-6.09 k	Large Cap	51.67
Bajaj Finance Ltd.	Non banking financial company (nbfc)	5.9	148	3.19%	-0.04%	4.06% (Mar 2025)	0% (Jan 2025)	1.50 L	0.00	Other	27.34
Shriram Finance Ltd.	Non banking financial company (nbfc)	5.9	126	2.71%	0.28%	2.71% (Dec 2025)	0% (Jan 2025)	1.27 L	-0.12 L	Other	27.34
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	5.14	120.5	2.60%	0.22%	4.26% (Feb 2025)	1.78% (Jul 2025)	7.22 k	0.00	Large Cap	51.67
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5.14	118	2.54%	0.06%	2.55% (Jan 2025)	1.73% (Mar 2025)	31.80 k	0.00	Large Cap	51.67
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	6.07	111.7	2.40%	0.17%	2.4% (Dec 2025)	0% (Jan 2025)	29.00 k	0.00	Mid Cap	17.68
Apollo Hospitals Enterprises Ltd.	Hospital	2.25	104.6	2.25%	0.21%	2.25% (Dec 2025)	0% (Jan 2025)	14.85 k	1.40 k	Mid Cap	17.68
Adani Ports And Special Economic Zone Ltd.	Port & port services	2.1	97.4	2.10%	0.01%	2.1% (Dec 2025)	0% (Jan 2025)	66.25 k	0.00	Large Cap	51.67
Kotak Mahindra Bank Ltd.	Private sector bank	16.43	96.2	2.07%	0.15%	3.12% (Feb 2025)	1.12% (Sep 2025)	43.70 k	0.00	Large Cap	51.67
InterGlobe Aviation Ltd.	Airline	2	93.1	2.00%	-0.45%	2.72% (Jul 2025)	0% (Jan 2025)	18.40 k	-1.70 k	Large Cap	51.67
Tech Mahindra Ltd.	Computers - software & consulting	7.74	87.5	1.88%	0.15%	2.25% (May 2025)	0% (Jan 2025)	55.00 k	0.00	Large Cap	51.67
360 ONE WAM Ltd.	Other financial services	1.77	82.1	1.77%	0.08%	1.77% (Dec 2025)	0% (Jan 2025)	69.00 k	0.00	Other	27.34
J S W Energy Ltd.	Power generation	1.77	82	1.77%	0.04%	1.86% (Sep 2025)	0% (Jan 2025)	1.70 L	0.00	Mid Cap	17.68
United Spirits Ltd.	Breweries & distilleries	1.76	81.7	1.76%	0.06%	2.49% (Apr 2025)	1.52% (Aug 2025)	56.59 k	0.00	Large Cap	51.67
PNB Housing Finance Ltd.	Housing finance company	1.74	80.9	1.74%	0.35%	1.74% (Dec 2025)	0% (Jan 2025)	85.00 k	11.00 k	Mid Cap	17.68
Ultratech Cement Ltd.	Cement & cement products	1.7	79	1.70%	0.09%	3.75% (Jan 2025)	1.43% (May 2025)	6.70 k	0.00	Large Cap	51.67
Divis Laboratories Ltd.	Pharmaceuticals	6.07	77.3	1.66%	0.04%	1.67% (Oct 2025)	0% (Jan 2025)	12.09 k	0.00	Large Cap	51.67
Hindalco Industries Ltd.	Aluminium	1.58	73.2	1.58%	0.19%	1.95% (Mar 2025)	1.37% (Aug 2025)	82.50 k	0.00	Large Cap	51.67
TVS Motor Company Ltd.	2/3 wheelers	2.72	72.4	1.56%	-0.06%	1.8% (Oct 2025)	0% (Jan 2025)	19.45 k	-2.70 k	Mid Cap	17.68
Trent Limited	Speciality retail	1.54	71.5	1.54%	0.07%	2.14% (Jun 2025)	0% (Jan 2025)	16.70 k	0.00	Mid Cap	17.68
Dr. Reddys Laboratories Ltd.	Pharmaceuticals	6.07	71.2	1.53%	0.07%	2.47% (Jan 2025)	0% (Jan 2025)	56.00 k	0.00	Other	27.34
Tata Steel Ltd.	Iron & steel products	1.53	71.1	1.53%	0.16%	1.53% (Dec 2025)	0% (Jan 2025)	3.95 L	0.00	Other	27.34
One 97 Communications Ltd.	Financial technology (fintech)	1.52	70.4	1.52%	-0.17%	2.1% (Aug 2025)	0% (Jan 2025)	54.20 k	-7.50 k	Other	27.34
LTIMindtree Ltd.	Computers - software & consulting	7.74	70.3	1.51%	-0.34%	1.99% (Jan 2025)	1.49% (Apr 2025)	11.60 k	-3.10 k	Mid Cap	17.68
Indian Hotels Company Limited	Hotels & resorts	1.49	69.3	1.49%	0.05%	1.49% (Dec 2025)	0% (Jan 2025)	93.79 k	0.00	Mid Cap	17.68
Eternal Ltd.	E-retail/ e-commerce	1.35	62.8	1.35%	0.16%	1.35% (Dec 2025)	0% (Jan 2025)	2.26 L	34.00 k	Other	27.34
HDFC Life Insurance Company Ltd.	Life insurance	1.32	61.2	1.32%	0.03%	2.87% (Apr 2025)	0% (Jan 2025)	81.67 k	0.00	Large Cap	51.67
Titan Company Ltd.	Gems, jewellery and watches	1.28	59.6	1.28%	0.09%	1.33% (Jan 2025)	0% (Jan 2025)	14.70 k	0.00	Large Cap	51.67
Hindustan Unilever Ltd.	Diversified fmcg	1.26	58.6	1.26%	-0.03%	1.37% (Aug 2025)	0% (Jan 2025)	25.30 k	0.00	Large Cap	51.67
- CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2.23	58.2	1.25%	0.00%	1.37% (Sep 2025)	0% (Jan 2025)	89.87 k	0.00	Small Cap	2.39
Bharat Electronics Ltd.	Aerospace & defense	1.25	57.9	1.25%	-0.20%	1.8% (Jun 2025)	0% (Jan 2025)	1.45 L	-0.25 L	Mid Cap	17.68
Axis Bank Ltd.	Private sector bank	16.43	56.5	1.22%	0.04%	3.38% (Jun 2025)	0% (Jan 2025)	44.52 k	0.00	Large Cap	51.67
Prestige Estates Projects Ltd.	Residential, commercial projects	1.2	55.8	1.20%	-0.01%	1.25% (Oct 2025)	0% (Jan 2025)	35.00 k	0.00	Mid Cap	17.68
Polycab India Limited	Cables - electricals	1.16	53.7	1.16%	0.07%	1.16% (Dec 2025)	0% (Jan 2025)	7.05 k	0.00	Other	27.34
Bajaj Auto Ltd.	2/3 wheelers	2.72	52.8	1.14%	0.07%	2.34% (Jan 2025)	1.06% (Nov 2025)	5.65 k	0.00	Large Cap	51.67
Dixon Technologies (India) Ltd.	Consumer electronics	1.13	52.6	1.13%	-0.35%	1.67% (Aug 2025)	0% (Jan 2025)	4.35 k	-0.55 k	Other	27.34
Hitachi Energy India Ltd.	Heavy electrical equipment	2.23	45.5	0.98%	-0.16%	1.14% (Nov 2025)	0% (Jan 2025)	2.49 k	0.00	Other	27.34
Cummins India Ltd.	Compressors, pumps & diesel engines	0.97	45	0.97%	-0.60%	1.72% (Oct 2025)	0% (Jan 2025)	10.15 k	-6.70 k	Mid Cap	17.68
CreditAccess Grameen Ltd.	Microfinance institutions	0.94	43.5	0.94%	-0.01%	2.01% (Jun 2025)	0% (Jan 2025)	34.14 k	0.00	Small Cap	2.39
Coforge Ltd.	Computers - software & consulting	7.74	43.2	0.93%	-0.81%	2.11% (May 2025)	0% (Jan 2025)	26.00 k	-0.18 L	Other	27.34
Blue Jet Healthcare Ltd.	Pharmaceuticals	6.07	22.2	0.48%	-0.02%	0.56% (Oct 2025)	0% (Jan 2025)	41.90 k	0.00	Other	27.34
# Flora Textiles Ltd.	Fabrics and garments	0.2	9.1	0.20%	0.20%	0.2% (Dec 2025)	0% (Jan 2025)	1.95 L	1.95 L	Small Cap	2.39
# Kwality Walls (India) Ltd.	Dairy products	0.02	1	0.02%	0.02%	0.02% (Dec 2025)	0% (Jan 2025)	25.30 k	25.30 k	Other	27.34
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	2.72	1	0.02%	0.00%	0% (Jan 2026)	0% (Jan 2026)	1.00 L	0.00	Other	27.34
Indus Towers Ltd.	Telecom - infrastructure		60.2	0.00%	-1.25%	-	-	-	-	Large Cap	51.67

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

New Stocks added in Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Kwality Walls (India) Ltd.	Dairy products	1	0.02%	0.02%	0.02% (Dec 2025)	0% (Jan 2025)	25.30 k	25300
# Flora Textiles Ltd.	Fabrics and garments	9.1	0.20%	0.20%	0.2% (Dec 2025)	0% (Jan 2025)	1.95 L	195000

Stocks removed from Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Indus Towers Ltd.	Telecom - infrastructure	60.2	0.00%	-1.25%	1.34% (Apr 2025)	0% (Jan 2025)	0.00	-150000

Trend in stock holdings (Top 15 Holding)

Stock	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024
HDFC Bank Ltd.	9.02%	8.83%	9.10%	8.51%	8.43%	8.56%	6.73%	7.68%	7.88%	8.21%	5.24%	3.41%	5.11%
ICICI Bank Ltd.	4.12%	4.51%	4.95%	5.41%	5.56%	5.64%	4.74%	4.87%	4.99%	5.33%	7.08%	7.38%	6.13%
Bharti Airtel Ltd.	4.41%	4.24%	4.11%	4.23%	4.73%	4.98%	4.95%	4.70%	3.31%	3.18%	3.77%	3.65%	5.62%
Reliance Industries Ltd.	6.26%	5.77%	4.22%	3.97%	3.74%	3.67%	3.75%	2.70%	3.88%	6.70%	-	2.58%	3.72%
Infosys Ltd.	3.42%	3.38%	3.26%	3.18%	3.21%	3.16%	3.96%	3.97%	3.97%	3.61%	5.20%	5.40%	7.47%
Wipro Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	4.07%
Larsen & Toubro Ltd.	3.86%	3.70%	3.63%	3.31%	4.05%	4.30%	4.11%	4.23%	3.99%	3.13%	3.04%	-	2.61%
State Bank Of India	3.49%	3.09%	2.93%	2.54%	2.32%	2.20%	3.00%	3.45%	4.57%	4.61%	3.89%	4.07%	4.87%
Bajaj Finserv Ltd	-	-	-	-	-	-	-	-	-	-	3.48%	3.01%	-
Cholamandalam Investment & Finance Co. Ltd.	-	-	-	-	-	0.72%	1.00%	-	-	2.00%	5.41%	5.28%	-
Bajaj Finance Ltd.	3.19%	3.23%	3.21%	2.88%	2.51%	2.41%	1.95%	1.96%	1.92%	4.06%	1.77%	-	-
Maruti Suzuki India Ltd.	2.60%	2.38%	2.40%	2.39%	2.18%	1.78%	1.89%	1.93%	1.99%	2.87%	4.26%	4.09%	1.81%
Eternal Ltd.	1.35%	1.19%	1.25%	1.19%	1.13%	-	-	-	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	-	-	-	-	2.47%
ITC Limited	-	-	-	-	-	-	-	-	-	-	2.05%	2.16%	2.99%
Havells India Ltd.	-	-	-	-	-	-	-	-	1.23%	2.62%	2.61%	2.94%	-