NFO opens on October 31, 2022 and closes on November 14, 2022
The key differentiators of JM Midcap Fund are:
Growth Focus: Aims to invest in high growth companies benefiting from demographic and structural trends.
Strong Processes: Process driven stock selection and portfolio construction along with well-defined guardrails for risk management & proprietary GeeQ model.
Analysis Beyond Just Numbers: Focus on softer aspects like corporate governance, management quality and their execution along with experienced hands from the market who have managed investments in multiple market cycles.
Mumbai, October 31, 2022: JM Financial Mutual Fund (JMFMF) has announced the launch of JM Midcap Fund, an open-ended equity scheme predominantly investing in mid cap stocks. The NFO will open for subscription on October 31, 2022 and closes on November 14, 2022.
Commenting on the launch, Mr. Satish Ramanathan, CIO – Equity, JM Financial Asset Management Ltd. said, “India with approximate $2k per capita income may see sustainable growth in the consumption story and related sectors. We have seen this trend in both China and South Korea which have demonstrated rapid growth for a decade after crossing the per capita income of $2k.
Indian Midcaps offer a wider variety of sector allocation in a more balanced manner compared to Nifty. Nifty’s concentration around 2-3 sectors makes it less diversified compared to the Midcap Index.
New economy and higher growth sectors like QSR, pathological labs, AMCs and industrials are fairly represented in Midcap Index compared to Nifty. Valuation wise, midcaps currently offer a very good opportunity for investors to build a long-term portfolio.
Considering the global factors and the need to address the volatility, this Midcap offering will have an i-STeP option to invest during the NFO period in which the investors have the option to stagger their investment.”
Speaking on the launch of the product, Mr. Amitabh Mohanty, MD & CEO, JM Financial Asset Management Ltd. said, “JM Midcap Fund is an important addition to our bouquet of funds and we believe the fund is expected to take advantage of the India story over the next few decades. I am sure our strong equity team led by Mr. Satish Ramanathan will strive to deliver on a risk adjusted returns basis going forward.”
JM Financial Mutual Fund
JM Financial Mutual Fund is sponsored by JM Financial Limited. JM Financial Asset Management Limited, the Asset Management Company for the schemes of JM Financial Mutual Fund, started operations in December 1994.
For more information, log on to www.jmfinancialmf.com or contact:
Tel.: +91 22 6630 3475
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.