NFO Alert: JM Financial Mutual Fund launches multi asset allocation fund

JM Financial Mutual Fund has announced the launch of JM Multi Asset Allocation Fund, an open-ended scheme investing in equity and equity related instruments, debt and money market securities, gold/silver related instruments and other exchange traded commodity derivatives.

The New Fund Offer (NFO) will be open for subscription from June 24 and will close on July 8, 2026. The scheme will re-open for continuous sale and repurchase not later than July 20.

The scheme aims to achieve growth with a structured approach to multi-asset investing across market cycles.


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JM Multi Asset Allocation Fund aims to provide investors with a diversified portfolio through a single investment solution. The scheme follows a model-guided investment approach supported by a structured Asset Allocation Framework (based on internal computations) that seeks to identify changing growth and inflation environments and guide asset allocation opportunities across asset classes.

By dynamically allocating across asset classes and employing rule-based rebalancing, the scheme seeks to capture opportunities across different market environments while aiming to deliver optimal risk-adjusted growth over the medium to long term.

"We are excited to launch the JM Multi Asset Allocation Fund, which adopts a structured, actively managed approach to investing across equity, debt, and commodities. 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. Investors who are seeking a balanced approach to growth and risk management through a professionally managed multi-asset portfolio may consider this scheme,” said Satish Ramanathan, Chief Investment Officer – Equity, JM Financial Asset Management.

JM Multi Asset Allocation Fund will be jointly managed by Asit Bhandarkar and Deepak Gupta for the equity and commodity-related investments, while Killol Pandya will manage the debt and money market portion of the portfolio. Satish Ramanthan, CIO – Equity, will advise on the scheme's asset allocation. The scheme combines a structured asset allocation framework with active security selection across asset classes.

"India's long-term growth opportunity remains compelling. The Scheme’s equity allocation will be supported by our proprietary GeeQ (Growth of Earnings and Earnings Quality) framework, which focuses on identifying quality businesses with sustainable growth potential. Together with the scheme's asset allocation framework, we aim to build a diversified portfolio that can participate in opportunities across market cycles,” said Asit Bhandarkar, Senior Fund Manager – Equity, JM Financial Asset Management.

The performance will be benchmarked against the Composite of Nifty 500 (55%) + CRISIL Short term bond Index (30%)+Domestic Price of Gold (10%)+Domestic Price of silver (5%).

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The fund will allocate 35-80% in equity and equity related instruments including derivatives and REITs, 10-55% in debt securities and money market instruments including mutual funds units, 10-50% in gold/silver related instruments (including ETFs, Sovereign gold deposit schemes) and Exchange Traded Commodity Derivatives (ETCDs) of gold/silver and other commodities as permitted by SEBI from time to time, and 0-10% in units issued by InVITs.

"A multi asset portfolio brings together the complementary characteristics of different asset classes within a single investment solution. The debt component of the portfolio will focus on managing liquidity, credit and interest-rate opportunities while supporting the overall investment strategy of the scheme,” said Killol Pandya, Head of Fixed Income, JM Financial Asset Management.

The fund will be suitable for investors who are seeking long term wealth creation and want investment in equity and equity related instruments, debt & money market securities, gold/silver related instruments and other exchange traded commodity derivatives.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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