COMPARE
Axis Value Fund - Direct Plan - Growth vs JM Value Fund (Direct) - Growth Option
Axis Value Fund and JM Value Fund (Direct) are both in the Value Fund category, from Axis Asset Management Co. Ltd. and JM Financial Asset Management Limited respectively. Axis Value Fund has posted a higher 3-year rolling CAGR. Axis Value Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Axis Value Fund has the lower direct-plan expense ratio, by 0.65 percentage points.
| Axis Value Fund - Direct Plan - Growth | JM Value Fund (Direct) - Growth Option | |
|---|---|---|
| Category | Value Fund | Value Fund |
| AMC | Axis Asset Management Co. Ltd. | JM Financial Asset Management Limited |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| NAV | ₹20.54 (2026-10-28) | ₹102.1723 (2026-10-28) |
| AUM | ₹1,850.11 Cr | ₹742.557 Cr |
| Expense Ratio (Direct) | 0.94% | 1.59% |
| Inception | 2021-09-02 | 1997-03-25 |
Returns
Axis Value Fund leads on 3-year rolling CAGR (23.1% vs JM Value Fund (Direct)'s 19.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
JM Value Fund (Direct) has been the more volatile of the two by standard deviation.
| Axis Value Fund - Direct Plan - Growth | JM Value Fund (Direct) - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.59 | 0.07 |
| 3Y Alpha | 7.0969% | 0.2323% |
| 3Y Std Deviation | 13.9746% | 17.1123% |
| 3Y Calmar Ratio | 0.89 | 0.32 |
Portfolio Analytics
Axis Value Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Axis Value Fund - Direct Plan - Growth | JM Value Fund (Direct) - Growth Option | |
|---|---|---|
| P/E Ratio | 25.3124 | 22.4435 |
| P/B Ratio | 6.656 | - |
| Dividend Yield | 0.9737% | 1.0911% |
| Active Share | 52.94% | 79.65% |
| Portfolio Turnover | 46% | 75% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Axis Value Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Axis Value Fund or JM Value Fund (Direct)?
Axis Value Fund's 3-year rolling CAGR of 23.1% is higher than JM Value Fund (Direct)'s 19.2%. Axis Value Fund sits in the 95th percentile of its category on this metric, versus the 67th percentile for JM Value Fund (Direct) - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Axis Value Fund or JM Value Fund (Direct)?
Axis Value Fund's direct-plan expense ratio is 0.65 percentage points lower than JM Value Fund (Direct)'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Axis Value Fund or JM Value Fund (Direct)?
By standard deviation (a measure of how much a fund's returns swing around its own average), JM Value Fund (Direct) has been more volatile than Axis Value Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.59 for Axis Value Fund vs 0.07 for JM Value Fund (Direct)) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Axis Value Fund or JM Value Fund (Direct)?
Axis Value Fund has ₹1,850 Cr in assets under management, versus ₹743 Cr for JM Value Fund (Direct). A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Axis Value Fund or JM Value Fund (Direct)?
JM Value Fund (Direct) launched on 1997-03-25, making it older than Axis Value Fund (launched 2021-09-02). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.