JM Small Cap Fund vs QUANTUM SMALL CAP FUND
JM Small Cap Fund and QUANTUM SMALL CAP FUND are both Small Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +10.80%, 5-year CAGR — vs —, volatility 23.10% vs 17.13%, maximum drawdown −24.36% vs −18.21%. Their portfolios overlap by 6% (6 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
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Quantum Mutual Fund |
| Compared as | Small Cap | Small Cap |
| NAV | ₹11.6225 | ₹13.6100 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 24 Jun 2024 | 3 Nov 2023 |
| Track record | 2.4 yrs | 3.0 yrs |
| Fund size (AUM) | ₹941 Cr | ₹262 Cr |
| Securities held | 88 | 58 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| 1 month | −2.84% | −2.30% |
| 3 months | −2.76% | −4.63% |
| 6 months | +7.86% | +2.56% |
| 1 year | +9.35% | +3.26% |
| 3 years (CAGR) | — | +10.80% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +6.61% | +10.80% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
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
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| 2026 (year to date) | +17.01% | +4.53% |
| 2025 | −6.87% | +5.34% |
| 2024 | — | +17.16% |
Risk
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| Volatility (annualised) ⓘ | 23.10% | 17.13% |
| Downside volatility ⓘ | 15.57% | 11.29% |
| Sharpe ratio ⓘ | 0.00 | 0.25 |
| Sortino ratio ⓘ | 0.01 | 0.38 |
| Maximum drawdown ⓘ | −24.36% | −18.21% |
| Recovery from that fall | 15 months | 3 months |
| Current fall from peak | −4.84% | −5.49% |
| Rolling 1-year return: worst | −11.10% | −1.85% |
| Rolling 1-year return: median | +3.81% | +7.86% |
| Rolling 1-year return: best | +23.13% | +25.44% |
| Share of 1-year periods with a loss | 35.99% | 4.44% |
Against each fund's benchmark
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| Beta ⓘ | 1.03 | 0.73 |
| Alpha (Jensen's, annualised) ⓘ | +3.29% | −1.29% |
| R² ⓘ | 90.05 | 83.36 |
| Upside capture | 122.27% | 75.99% |
| Downside capture | 112.83% | 75.67% |
| Tracking error | 7.39% | 9.14% |
| Information ratio | 0.40 | -0.25 |
| Treynor ratio | -1.70 | 2.75 |
Portfolio
Asset mix
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| Equity | 97.31% | 93.08% |
| Cash & equivalents | 2.67% | 6.92% |
Market-cap split (share of fund assets)
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| Large Cap | 0.00% | 5.56% |
| Mid Cap | 3.13% | 3.62% |
| Small Cap | 88.26% | 82.40% |
| Unclassified | 5.94% | 1.50% |
Concentration
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| Top 10 holdings | 26.03% | 27.70% |
| Effective number of stocks ⓘ | 65.1 | 55.1 |
| Securities held | 88 | 58 |
Portfolio overlap: 6%
6 companies are held by both funds; by weight, 6% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | JM Small Cap | QUANTUM SMALL CAP |
|---|---|---|
| Graphite India Ltd. | 1.46% | 2.05% |
| City Union Bank Limited | 1.85% | 1.22% |
| Cartrade Tech Limited | 1.16% | 1.86% |
| Lumax Auto Technologies Limited | 1.11% | 2.56% |
| S.J.S. Enterprises Limited | 0.53% | 1.23% |
| Equitas Small Finance Bank Limited | 0.51% | 1.91% |
Top 10 holdings
JM Small Cap
- Garware Hi-Tech Films Limited4.50%
- Navin Fluorine International Limited2.99%
- Acutaas Chemicals Limited2.91%
- Five Star Business Finance Limited2.69%
- Shaily Engineering Plastics Limited2.45%
- Fusion Finance Limited2.30%
- TD Power Systems Limited2.13%
- Avalon Technologies Limited2.07%
- Jana Small Finance Bank Ltd2.00%
- Pine Labs Limited1.98%
QUANTUM SMALL CAP
- Supriya Lifescience Limited3.97%
- Engineers India Ltd.3.20%
- UNIPARTS INDIA LIMITED2.75%
- Karur Vysya Bank Limited2.71%
- GNA Axles Ltd2.70%
- Alivus Life Sciences Limited2.61%
- Lumax Auto Technologies Limited2.56%
- Star Health And Allied Insurance Company Limited2.50%
- CCL Products (India) Limited2.40%
- Carysil Limited2.30%
Sector exposure
| JM Small Cap | QUANTUM SMALL CAP | |
|---|---|---|
| Industrial Products | 14.46% | 9.17% |
| Auto Components | 9.30% | 13.91% |
| Banks | 5.08% | 11.25% |
| Pharmaceuticals & Biotechnology | 6.92% | 9.89% |
| Finance | 7.71% | 2.63% |
| Consumer Durables | 7.32% | 6.10% |
| Electrical Equipment | 6.80% | 1.35% |
| Chemicals & Petrochemicals | 4.92% | 1.00% |
| Industrial Manufacturing | 4.55% | 0.00% |
| Agricultural Food & other Products | 0.99% | 4.22% |
| Retailing | 1.16% | 4.13% |
| Insurance | 0.00% | 3.75% |
| Transport Services | 0.00% | 3.66% |
| IT - Software | 0.90% | 3.62% |
Questions people ask
What is the difference between JM Small Cap and QUANTUM SMALL CAP returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +9.35% vs +3.26%; 3-year CAGR — vs +10.80%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do JM Small Cap and QUANTUM SMALL CAP compare on risk?
Volatility (36 monthly returns, annualised) 23.10% vs 17.13%; Sharpe ratio 0.00 vs 0.25; Sortino ratio 0.01 vs 0.38; maximum drawdown −24.36% vs −18.21%; beta 1.03 vs 0.73.
How much do JM Small Cap and QUANTUM SMALL CAP overlap?
By weight, 6% of the two portfolios is invested in the same companies; 6 stocks are held by both, the largest shared positions being Graphite India Ltd., City Union Bank Limited, Cartrade Tech Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of JM Small Cap and QUANTUM SMALL CAP?
JM Small Cap: large cap 0.0%, mid cap 3.1%, small cap 88.3%. QUANTUM SMALL CAP: large cap 5.6%, mid cap 3.6%, small cap 82.4% (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.
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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 5 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.