What is JM Flexicap Fund?
An open‑ended diversified equity scheme that invests across market capitalizations using a dynamic allocation approach to capture valuation opportunities while managing risk.
Investment Objective
To seek capital appreciation by investing primarily in equity & equity‑related securities across large, mid and small cap companies. The fund manager dynamically adjusts weights across caps based on valuation and market conditions.
Who is this for?
- Investors seeking long‑term (5+ years) wealth creation.
- Those comfortable with equity volatility in exchange for higher potential returns.
- Investors who prefer active fund management over picking stocks.
Performance & Returns
(Data snapshot: August 31, 2024 — Direct Plan, Growth Option)
| Period | CAGR / Absolute | Value of ₹10,000 |
|---|---|---|
| 1 Year | 64.52% | ₹16,452 |
| 3 Years (CAGR) | 30.92% | ₹22,440 |
| 5 Years (CAGR) | 29.41% | ₹36,346 |
| Since Inception (CAGR) | 20.61% | ₹89,047 |
Asset Allocation (approx.)
| Segment | % (approx.) |
|---|---|
| Large Cap | ~31% |
| Mid Cap | ~11% |
| Small Cap | ~21% |
| Other / Cash / Debt | ~37% |
How the fund adapts to market cycles
Fund managers dynamically tilt between large, mid and small caps based on valuation gaps and inflows (for example, FII flows). The aim is to keep the portfolio diversified while taking high‑conviction positions when the opportunity appears.
SIP vs Lumpsum — Example Scenarios
Illustrative examples (use a live SIP calculator for real projections).
| Plan | Monthly SIP | Duration | Assumed CAGR | Approx Value |
|---|---|---|---|---|
| Conservative SIP | ₹1,000 | 10 yrs | 12% p.a. | ₹2,16,000 → ~₹4,38,000 |
| Moderate SIP | ₹5,000 | 10 yrs | 18% p.a. | ₹6,00,000 → ~₹18,00,000 |
| Lumpsum | ₹1,00,000 | — | 20% p.a. | 10 yrs → ~₹6,19,000 |
Note: Figures are illustrative — past performance is not a guarantee of future returns. Use the fund’s latest factsheet and an SIP calculator before investing.
Taxation Snapshot
- Long Term Capital Gains (LTCG) > 1 year: Gains up to ₹1,25,000 in a financial year are tax‑free; gains above ₹1,25,000 taxed at 10% (without indexation) — check current tax rules.
- Short Term Capital Gains (STCG) if redeemed within 1 year: Taxed as per your income slab.
- Dividends are taxed as per the investor’s slab; AMC may deduct TDS on dividend if applicable.