JM Flexicap Fund Direct Plan-Growth
Benchmark: BSE 500 TRI · Inception: 01/01/2013 · NAV: ₹110.69 (01/10/2026)
AUM: ₹5291 Cr · Expense Ratio: 1.07% · Riskometer: Very High
The fund outperforms the category on risk-adjusted returns with an Alpha of 4.29 vs 1.83 and a Sharpe of 0.51 vs 0.32. However, it takes on more market risk than its peers as evidenced by the higher Beta (1.03 vs 0.74) and higher Std Dev (17.37 vs 12.24).
The fund delivers an Alpha of 4.29 compared to the Category Alpha of 1.83 and a Sharpe ratio of 0.51 against a Category Sharpe of 0.32. Furthermore, its Sortino ratio of 0.68 outperforms the average return metrics expected from its peer group.
The fund exhibits a Std Dev of 17.37 which is higher than the Category Std Dev of 12.24. Additionally, its Beta of 1.03 is higher than the Category Beta of 0.74, indicating more volatility relative to the benchmark than many peers.
The fund carries a riskier profile than the category average due to a Beta of 1.03 versus 0.74 and a Std Dev of 17.37 compared to 12.24. It is suited for aggressive investors who can tolerate higher volatility in exchange for potential outperformance.
The fund significantly outperforms its category in terms of alpha generation and risk-adjusted returns despite having a higher volatility profile. It is a strong performer for investors seeking high alpha who can tolerate a more volatile investment journey than the average peer.
JM Flexicap Fund carries an overall rating of 3.8/5 (Selective Buy), showing moderate standing within the Flexi Cap category. Its alpha of 4.29 outperformss the category average of 1.83, reflecting superior stock selection. The Sharpe ratio of 0.51 sits above the category mean of 0.32, while volatility (std dev 17.37%) is higher than peers (12.24%), indicating relatively higher volatility. With a 5-year CAGR of 14.20% and expense ratio of 1.07%, investors should weigh cost-adjusted returns carefully.
| Period | CAGR |
|---|---|
| 1Y | -0.75% |
| 3Y | 13.25% |
| 5Y | 14.20% |
| 10Y | 15.52% |
| Since Launch | 16.30% |
- ✅ Alpha 4.29 exceeds category avg 1.83 — superior active management
- ✅ Strong Rating 4/5
- ⚠️ Beta 1.03 > 1.0 — amplifies market moves
- ⚠️ Higher volatility 17.37% vs peers 12.24%
- ⚠️ Negative 1Y return (-0.75%) — recent underperformance
- ⚠️ High expense ratio 1.07% (above 1%)