JM Financial Mutual Fund has announced the launch of its new JM Multi Asset Allocation Fund, an open-ended investment scheme designed to provide investors with a diversified portfolio across various asset classes. This new offering aims for long-term wealth creation by combining active security selection with a structured asset allocation framework.
The New Fund Offer (NFO) for the JM Multi Asset Allocation Fund will be open for subscriptions from June 24, 2026, to July 8, 2026. Following the NFO period, the scheme will reopen for continuous sale and repurchase by July 20, 2026.
Diversified Investment Strategy
The JM Multi Asset Allocation Fund will strategically invest across a broad spectrum of instruments, including:
- Equity and equity-related instruments
- Debt and money market securities
- Gold- and silver-related instruments
- Other exchange-traded commodity derivatives
The fund employs a model-guided investment approach, supported by an internal Asset Allocation Framework. This framework aims to identify shifts in growth and inflation conditions, guiding allocation decisions across the different asset classes. Through dynamic allocation and rule-based rebalancing, the fund seeks to capitalize on opportunities throughout market cycles while prioritizing risk-adjusted growth over the medium to long term.
Satish Ramanathan, Chief Investment Officer-Equity at JM Financial Asset Management, highlighted the fund's structured and actively managed approach. "In an environment where investors must navigate evolving market and economic conditions, the scheme combines a disciplined asset allocation framework with active security selection and a macroeconomic regime-based approach to build more resilient portfolios across market cycles," he stated. Ramanathan suggests this scheme for investors seeking a balanced approach to growth and risk management through a professionally managed multi-asset portfolio.
Fund Management Team and Allocation
The equity and commodity-related investments for the scheme will be managed by Asit Bhandarkar and Deepak Gupta. Killol Pandya will oversee the debt and money market portion of the portfolio, while Satish Ramanathan will provide advisory on the overall asset allocation strategy.
Asit Bhandarkar, Senior Fund Manager-Equity, noted that India's long-term growth opportunity remains compelling. The fund's equity allocation will leverage their proprietary GeeQ (Growth of Earnings and Earnings Quality) framework to identify quality businesses with sustainable growth potential.
The fund's allocation strategy is outlined as follows:
- Equity and equity-related instruments: 35-80% (including derivatives and REITs)
- Debt securities and money market instruments: 10-55% (including mutual fund units)
- Gold- and silver-related instruments: 10-50% (including ETFs, Sovereign Gold Deposit Schemes, and exchange-traded commodity derivatives)
- Units issued by InvITs: 0-10%
The scheme will be benchmarked against a composite index comprising the Nifty 500 (55%), the CRISIL Short Term Bond Index (30%), the domestic price of gold (10%), and the domestic price of silver (5%). Killol Pandya emphasized that the debt component will focus on managing liquidity, credit, and interest-rate opportunities, supporting the scheme's overall investment strategy.
This fund is specifically targeted at investors looking for long-term wealth creation through a professionally managed portfolio that integrates equity, fixed income, and commodities within a single investment solution.