Axis Value Fund vs JM Value Fund
Axis Value Fund and JM Value Fund are both Value / Contra funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +18.53% vs +11.07%, 5-year CAGR +15.28% vs +12.90%, volatility 14.83% vs 19.34%, maximum drawdown −20.20% vs −37.93%. Their portfolios overlap by 22.8% (16 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Value | JM Value | |
|---|---|---|
| Fund house | Axis Mutual Fund | JM Financial Mutual Fund |
| Compared as | Value / Contra | Value / Contra |
| NAV | ₹21.3600 | ₹105.8674 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 28 Sep 2021 | 2 Jan 2013 |
| Track record | 5.1 yrs | 13.8 yrs |
| Fund size (AUM) | ₹1,836 Cr | ₹780 Cr |
| Securities held | 86 | 74 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Value | JM Value | |
|---|---|---|
| 1 month | +3.19% | −1.41% |
| 3 months | −1.43% | −4.28% |
| 6 months | +4.76% | −0.24% |
| 1 year | +4.91% | −4.07% |
| 3 years (CAGR) | +18.53% | +11.07% |
| 5 years (CAGR) | +15.28% | +12.90% |
| 7 years (CAGR) | — | +16.73% |
| 10 years (CAGR) | — | +15.06% |
| Since launch (CAGR) | +16.04% | +15.37% |
| SIP return (XIRR, 5 years) ⓘ | +16.37% | +11.28% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Value | JM Value | |
|---|---|---|
| 2026 (year to date) | +4.20% | −2.68% |
| 2025 | +6.44% | −3.20% |
| 2024 | +29.70% | +26.72% |
| 2023 | +42.11% | +48.68% |
| 2022 | +0.48% | +6.05% |
| 2021 | — | +37.17% |
Risk
| Axis Value | JM Value | |
|---|---|---|
| Volatility (annualised) ⓘ | 14.83% | 19.34% |
| Downside volatility ⓘ | 10.15% | 13.08% |
| Sharpe ratio ⓘ | 0.81 | 0.24 |
| Sortino ratio ⓘ | 1.19 | 0.35 |
| Maximum drawdown ⓘ | −20.20% | −37.93% |
| Recovery from that fall | 5 months | 8 months |
| Current fall from peak | −2.95% | −13.98% |
| Rolling 1-year return: worst | −6.15% | −31.13% |
| Rolling 1-year return: median | +13.23% | +13.37% |
| Rolling 1-year return: best | +56.60% | +96.22% |
| Share of 1-year periods with a loss | 4.91% | 23.65% |
Against each fund's benchmark
| Axis Value | JM Value | |
|---|---|---|
| Beta ⓘ | 0.96 | 1.14 |
| Alpha (Jensen's, annualised) ⓘ | +6.94% | −0.34% |
| R² ⓘ | 94.49 | 81.99 |
| Upside capture | 117.51% | 116.03% |
| Downside capture | 85.60% | 125.80% |
| Tracking error | 3.68% | 8.64% |
| Information ratio | 2.08 | -0.05 |
| Treynor ratio | 11.87 | 2.85 |
Portfolio
Asset mix
| Axis Value | JM Value | |
|---|---|---|
| Equity | 92.98% | 98.83% |
| Cash & equivalents | 7.02% | 1.22% |
Market-cap split (share of fund assets)
| Axis Value | JM Value | |
|---|---|---|
| Large Cap | 57.14% | 32.30% |
| Mid Cap | 15.25% | 7.02% |
| Small Cap | 19.54% | 55.67% |
| Unclassified | 1.05% | 3.79% |
Concentration
| Axis Value | JM Value | |
|---|---|---|
| Top 10 holdings | 29.13% | 30.26% |
| Effective number of stocks ⓘ | 60 | 52.8 |
| Securities held | 86 | 74 |
Portfolio overlap: 22.8%
16 companies are held by both funds; by weight, 22.8% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Axis Value | JM Value |
|---|---|---|
| ICICI Bank Limited | 5.28% | 3.78% |
| Shriram Finance Limited | 2.43% | 3.40% |
| Bharti Airtel Limited | 2.41% | 2.70% |
| Larsen & Toubro Limited | 2.04% | 3.38% |
| Infosys Limited | 1.90% | 2.43% |
| HDFC Bank Limited | 4.54% | 1.82% |
| Tech Mahindra Limited | 1.64% | 2.52% |
| Axis Bank Limited | 1.48% | 1.26% |
| Apar Industries Limited | 1.47% | 1.05% |
| Hindustan Aeronautics Limited | 0.87% | 1.02% |
| Craftsman Automation Limited | 0.85% | 1.75% |
| Amber Enterprises India Limited | 0.73% | 1.16% |
| Bajaj Auto Limited | 0.73% | 1.41% |
| NTPC Limited | 2.20% | 0.62% |
| TD Power Systems Limited | 1.05% | 0.49% |
Top 10 holdings
Axis Value
- ICICI Bank Limited5.28%
- HDFC Bank Limited4.54%
- Reliance Industries Limited3.22%
- Welspun Corp Limited2.53%
- Shriram Finance Limited2.43%
- Bharti Airtel Limited2.41%
- Sona BLW Precision Forgings Limited2.29%
- NTPC Limited2.20%
- State Bank of India2.19%
- Larsen & Toubro Limited2.04%
JM Value
- Redington Limited4.70%
- ICICI Bank Limited3.78%
- Shriram Finance Limited3.40%
- Larsen & Toubro Limited3.38%
- Bharti Airtel Limited2.70%
- Tata Motors Ltd2.55%
- Jana Small Finance Bank Ltd2.55%
- Tech Mahindra Limited2.52%
- Infosys Limited2.43%
- JK Tyre & Industries Limited2.26%
Sector exposure
| Axis Value | JM Value | |
|---|---|---|
| Banks | 21.40% | 11.32% |
| Finance | 7.09% | 10.80% |
| Auto Components | 6.58% | 7.91% |
| Electrical Equipment | 7.14% | 5.17% |
| Construction | 2.04% | 5.63% |
| Pharmaceuticals & Biotechnology | 5.58% | 2.93% |
| Automobiles | 5.46% | 1.41% |
| IT - Software | 4.70% | 4.94% |
| Commercial Services & Supplies | 0.24% | 4.70% |
| Industrial Products | 2.53% | 4.47% |
| Healthcare Services | 4.30% | 0.88% |
| Petroleum Products | 4.07% | 0.54% |
| Agricultural, Commercial & Construction Vehicles | 0.00% | 3.90% |
| Leisure Services | 0.00% | 3.64% |
Questions people ask
What is the difference between Axis Value and JM Value returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +4.91% vs −4.07%; 3-year CAGR +18.53% vs +11.07%; 5-year CAGR +15.28% vs +12.90%; 10-year CAGR — vs +15.06%. Past returns do not indicate future returns.
How do Axis Value and JM Value compare on risk?
Volatility (36 monthly returns, annualised) 14.83% vs 19.34%; Sharpe ratio 0.81 vs 0.24; Sortino ratio 1.19 vs 0.35; maximum drawdown −20.20% vs −37.93%; beta 0.96 vs 1.14.
How much do Axis Value and JM Value overlap?
By weight, 22.8% of the two portfolios is invested in the same companies; 16 stocks are held by both, the largest shared positions being ICICI Bank Limited, Shriram Finance Limited, Bharti Airtel Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Value and JM Value?
Axis Value: large cap 57.1%, mid cap 15.3%, small cap 19.5%. JM Value: large cap 32.3%, mid cap 7.0%, small cap 55.7% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Axis Value vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.