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JM Core11 Fund

Updated on June 11, 2018


I am selecting a new mutual fund from various funds of Indian mutual fund industry. This fund is not a popular one. I know. But I selected it due to some other reason. Almost high performing mutual funds are including more than 50 stocks in its portfolio. But this fund have only eleven stocks. It is the reason for my selection. I believes in the proverb "small is beautiful". It is a Large cap fund. The fund is managed by Asit Bhandarkar and Chaitanya Chosky. Out of 11, only one stock is a mid cap stock. Please watch the Full stock as on 28th February 2018 from the below table:

Holdings as on 28/02/2018

Weightage in %
One Year Return in %
Larsen & Tobago Ltd
Yes Bank Ltd
Bajaj Finance Ltd
Shree Cements Ltd
Maruti Suzuki India Ltd
L & T Finance Holdings Ltd
Petronet LNG Ltd
Voltas Ltd
Asian Paints Ltd
Hindustan Petroleum Corp Ltd


Larsen & Toubro Ltd and Yes Bank Ltd are the oldest stocks in this portfolio. They placed in the portfolio from 2011 on wards. The performance of this stock was very high during 2017 among Large cap funds. The annual growth rate in 2017 was 43.11%. Its inception date was 8th March 2017. The Performance during the first 3 year since inception was very low. It may be the reason for its lowest NAV . Its NAV is just 8.35 Rupees only. The NAV is not reached at the inception level till now. If one invested Rupees 10,000/- on 8th March 2008, his fund value on 8th March 2018 would be just Rupees 8500/- Yes I am writing this hub when the fund completes its tenth year !! Please evaluate yourself this fund is either a failure or a success from the table below:

Fund Growth in %
Index (S & P BSE 100) Growth Rate

JM Financial

JM Financial mutual fund incorporated as a fund house in India in 9th June 1994. It is fully an Indian Company. It manages about 166 Billion (16633 Crore) Indian Rupees as on 31st December 2017. It have only 18th place among Indian mutual fund companies on the basis of fund value. It manages only six equity funds. They are (1) JM Balanced (2) JM Basic (3) JM Core 11 (4) JM Equity 5) JM Multi Strategy and (6) JM Tax gain plans. The performance of the funds were good in the previous year. Asit Bhandarkar, Vikas Agarwal, Chaitanya Choski and Sanjay Chhabaria are main fund managers of JM Mutual fund Company.

Other Details

Minimum SIP amount for JM Core 11 is 500 Rupees. For Lump sum purchase the amount needed is Rs 5000/- The concentrated portfolio comprises, not more than 11 stocks and only 9.09% is decided to invest in one stock. Its fund size is just 34 crore rupees, it is very little to compare with other major funds. Its management fee per year is 1.25% (Rs 425000) and expense ratio per year is 2.92 % (Rs 992800). With this meagre money, this fund is well managed by fund managers, deserve a great respect really. The big fund houses and fund managers really yields a huge money as expense ratio, which is taken from the profit and fund of investors, should model this small fund from a small fund house. The investors can chose this fund after analysing the possibility of profit and loss of stock market.

© 2018 Indra prasad v


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