JM Midcap Fund NAV Drops 0.17% to 23.0824
By Business Desk
JM Mid cap Fund’s NAV decreased by 0.17% to 23.0824 on August 28, 2026. Explore key metrics and fund details for this Equity: Mid Cap fund.
The JM Mid cap Fund – Direct Plan Portfolio registered a marginal decline in its Net Asset Value (NAV), closing at 23.0824 on August 28, 2026. This represented a 0.04 point decrease, or -0.17%, for the direct plan.
Key Fund Metrics
- NAV (August 28, 2026): 23.0824
- NAV Change: -0.04 (-0.17%)
- Fund Inception Date: November 21, 2022
- Category: Equity: Mid Cap
- Fund Type: Open-ended
The fund operates under an open-ended structure, specifically categorized as an Equity: Mid Cap offering. It benchmarks its performance against the NIFTY Midcap 150 Total Return Index, providing a clear comparative measure for investors.
Management and Investment Details
Management of the JM Mid cap Fund is overseen by a team of three experienced fund managers. Satish Ramanathan has been a part of the fund since October 2022, bringing qualifications including B.Tech, MBA, and CFA.
- Satish Ramanathan: Joined October 2022 (B.Tech, MBA, CFA)
- Asit Bhandarkar: Joined October 2024 (B.Com (H), MMS)
- Ruchi Fozdar: Joined October 2024 (Science graduate, PGDBM in finance)
Investors face no entry load when subscribing to the fund. However, an exit load of 1% is applied if units are redeemed within 180 days from the date of investment.
The fund offers multiple investment avenues designed for flexibility. These include Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), and Systematic Withdrawal Plan (SWP) options.
- Minimum Initial Investment: ₹1,000
- Minimum Subsequent Investment: ₹100
These features position the JM Mid cap Fund – Direct Plan Portfolio as an accessible option for investors seeking exposure to the mid-cap equity segment, despite the day’s slight NAV contraction.