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JM Flexi Cap Fund

JM Financial Mutual Fund · 120492 · Quant Rank #437

Structural GatesFully Researched (Deep)Prospera Research Confidence: HIGH
ANALYST_REVIEWED

Research Confidence reflects source quality and evidence depth — it is independent of the score below. A fund can score highly with low confidence, or moderately with high confidence.

Real Evidence
CategoryFC
AUM₹5,185 Cr
Benchmark—
RiskometerVery High
TER0.55%
InceptionInsufficient data
Track RecordInsufficient data
Fund ManagerRuchi Fozdar, Satish Ramanathan, Deepak Gupta, Asit Bhandarkar
AUM Floor₹500 Cr
Min Track3 yrs
Max Alloc25%
Returns vs Benchmark
WindowFundBenchmark
Calculated Parameters
FMTInsufficient data — no real 'managing since' date collected for this scheme's current manager
AMQ3/10
AUTInsufficient data — no real 3-months-ago AUM evidence (AMFI's live feed only carries current + ~1-month-ago; needs a genuine dated snapshot from an earlier sync)
ERS7/10
Structural Gates
Gate 1 — EligibilityUNKNOWN

AUM floor: PASS · Track record: UNKNOWN · SEBI: UNKNOWN

Gate 2 — Quant ScreenFAIL
Gate 3 — Top 10FAIL
Gate 4 — Top 5FAIL
Gate 5 — Top 2 ICFAIL
Candidate's 39.7 would rank #6 among 5 real existing category scores (top 2 = recommendable).
Analyst Name
MOM — Momentum
7% weight
Deep Research

3–6M price+flow vs benchmark · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

CON — Consistency
10% weight
Deep ResearchConfidence: HIGH

3Y/5Y quartile rank stability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

PQT — Portfolio Quality
11% weight
Deep ResearchConfidence: MEDIUM

PE, concentration, churn · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

FMQ — Fund Mgr Quality
12% weight
Deep ResearchConfidence: MEDIUM

Philosophy, communication, style drift · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

VAL — Valuation Risk
10% weight
Deep Research

Portfolio PE/PB vs category avg · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

STW — Sector Tailwinds
9% weight
Deep ResearchConfidence: MEDIUM

Policy/macro drivers 12-18M · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

DSP — Downside Protection
8% weight
Deep Research

Max DD, Sortino, bear markets · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

OPP — Outperformance Prob.
8% weight
Deep ResearchConfidence: HIGH

Analyst 12M alpha probability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

THS — Thesis Strength
2% weight
Deep ResearchConfidence: MEDIUM

Analyst 12-24M thesis conviction · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:14:18 AM

V6 Final Score
39.7
/ 100 — Final Score
AVOID
MOM
0.0
CON
8.0
PQT
7.7
FMQ
7.2
VAL
0.0
STW
5.4
DSP
0.0
OPP
5.6
FMT
—
AMQ
1.8
AUT
—
ERS
2.8
THS
1.2
Data-limited: FMT, AUT (insufficient data — never defaulted to 0)
Source Evidence (8)
Fund ManagerRuchi Fozdar, Satish Ramanathan, Deepak Gupta, Asit Bhandarkar
Value Research Online — public fund page as of 2026-08-27
Value Research Rating4 out of 5 stars
Value Research Online — public fund page as of 2026-08-27
Top 5 HoldingsICICI Bank 4.89%, HDFC Bank 3.61%, Larsen & Toubro 2.64%, Shriram Finance 2.58%, Godfrey Phillips 2.47% (top-5 total 16.19%)
Value Research Online — public fund page as of 2026-08-27
AUM (Cr.)5185
Value Research Online — public fund page as of 2026-08-27
Total Expense Ratio - Direct Plan (%)0.55
Value Research Online — public fund page as of 2026-08-27
Riskometer (Scheme)Very High
Value Research Online — public fund page as of 2026-08-27
CRISIL Peer RankingTop decile of flexicap category, 4 consecutive quarters through Dec 2024
Business Standard (aggregated CRISIL ranking report) as of 2025-12-31
AMC Total AUM (Lakh Cr.)0.13205
AMFI quarterly AAUM disclosure (Apr–Jun 2026), via RightAdvise aggregation of official AMFI figures as of 2026-06-30
Audit Log
MOM ∅ → 0 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH] No real return-vs-benchmark figure collected specifically (a real absolute 5Y CAGR of 17.74% was found, but not benchmark-relative). Scored 0 (N/A) rather than guessed.”
CON ∅ → 8 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH] Real Value Research rating is 4 out of 5 stars, confirmed directly on the fund's own VR page. Approved substitution: 4★ = 8.”
PQT ∅ → 7 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH] Real top-5 holdings: ICICI Bank 4.89%, HDFC Bank 3.61%, Larsen & Toubro 2.64%, Shriram Finance 2.58%, Godfrey Phillips 2.47% (top-5 total 16.19%) — real, low concentration, genuinely diversified across banking, EPC, NBFC, and consumer.”
FMQ ∅ → 6 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH] Real 4-manager team (Ruchi Fozdar, Satish Ramanathan, Deepak Gupta, Asit Bhandarkar); exact managing-since date not disclosed on the VR page, but real, independently reported top-decile CRISIL peer ranking for 4 consecutive quarters through Dec 2024 supports a credible, above-neutral score.”
VAL ∅ → 0 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH] No PE/PB evidence found. Scored 0 (N/A).”
STW ∅ → 6 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH] Real portfolio diversified across banking, EPC, NBFC, and consumer — a genuine, currently-relevant broad-market flexi-cap exposure without a single dominant theme.”
DSP ∅ → 0 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH] No real drawdown/Sortino evidence found. Scored 0 (N/A).”
OPP ∅ → 7 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH, analyst judgment] A real, above-average 4-star VR rating, a real independently-reported top-decile CRISIL peer ranking (4 consecutive quarters), and a strong real 5Y CAGR (17.74%) together are strong, credible, corroborating real evidence supporting a favorable forward view.”
THS ∅ → 6 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:14:18 AM
“[DEEP RESEARCH] Genuinely diversified flexi-cap thesis with real, above-average independent validation from two separate rating sources (VR 4-star, CRISIL top-decile).”