The mutual fund landscape in India is dynamic, with various Asset Management Companies (AMCs) vying for investor attention. Among them, JM Financial Mutual Fund and ITI Mutual Fund are two key players. With 2025 being a volatile but rewarding year for the Indian stock market, many investors are wondering: Which of these two AMCs has delivered better performance so far?
In this blog, we will explore their performances and key offerings, providing a snapshot of their overall fund house positioning in the first half of 2025.
Overview of JM Financial Mutual Funds
JM Financial AMC, part of the broader JM Financial group, has carved a niche in the mutual fund space by focusing on sectoral bets, tactical opportunities, and disciplined portfolio strategies. In 2025, their equity funds have shown mixed results depending on their exposure to mid and small caps.
Some well-known JM Financial mutual funds that have performed well in 2025 include the following:
JM Flexicap Fund
This fund often reflects JM Financial’s equity strength. Its flexible mandate to invest across different market capitalizations influenced its performance. As of July 2025, it showed annualized returns of about 86.17% over three years and 212.85% over five years.
JM Value Fund
In a market that witnessed a correction in certain segments in early 2025, value-oriented strategies faced their own set of challenges and opportunities. This fund, which focuses on undervalued stocks, showed 3-year annualized returns of around 21.64% and 5-year returns of 23.69%.
JM ELSS Tax Saver Fund
For tax-saving investors, this ELSS fund holds great significance. Its performance often indicates the fund house’s long-term equity strategy for tax savings. It delivered annualized returns of about 75.82% over three years and 192.42% over five years.
JM Aggressive Hybrid Fund
Hybrid funds aim for a balance between equity and debt. In 2025, this fund demonstrated its ability to navigate market volatility. With its debt portion providing a cushion during equity market downturns, and its equity exposure participating in rallies. It showed a 3-year annualized return of 79.60% and a 5-year return of 168.63%.
Overview of ITI Mutual Fund
ITI Mutual Fund, though relatively newer, has built a strong reputation for its value-driven investment philosophy and bottom-up stock picking. The AMC follows its “SQL” framework, which stands for Margin of Safety, Quality of Business, and Low Leverage.
Some well-known funds from ITI mutual funds that have performed well in 2025 include the following:
ITI Small Cap Fund
Small-cap funds saw significant volatility in 2025. However, the ITI Small Cap Fund has shown strong long-term performance, with annualized returns of around 31.2% over three years and 30.32% over five years.
ITI ELSS Tax Saver Fund
Like JM Financial, ITI AMC also has an ELSS fund. This fund has shown competitive performance, with annualized returns of about 114.94% over three years and 242.23% over five years. This suggests a strong equity-oriented approach for tax-saving investors.
ITI Multi Cap Fund
Multi-cap funds offer diversification across market capitalizations. The ITI Multi-Cap Fund’s strategy of investing in large, mid, and small caps faced the challenges of the fluctuating market in 2025. As of July 31, 2025, its 3-year return was 78.57% and its 5-year return was 146.18%.
ITI Flexi Cap Fund
This fund, like its JM Financial counterpart, is flexible. Its performance reflects ITI AMC’s ability to adjust its market cap allocation. It delivered annualized returns of around 48.87% over two years and 78.12% since inception.
Conclusion
The year 2025 presented a complex picture for mutual fund investors. Both JM Financial and ITI AMC demonstrated their strengths in navigating these challenges. JM Financial, with its experienced approach and diverse offerings, continued to provide strong long-term performance across various categories.
ITI AMC, a relatively new but agile player, stood out with strong performances in specific equity segments, especially small caps. Ultimately, which fund house or fund is better depends on an individual investor‘s financial goals, risk tolerance, and investment horizon.
