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Fund Overview

Fund Size

Fund Size

₹184 Cr

Expense Ratio

Expense Ratio

1.03%

ISIN

ISIN

INF192K01CE3

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

About this fund

JM Tax Gain Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by JM Financial Mutual Fund. This fund has been in existence for 12 years, 3 months and 18 days, having been launched on 01-Jan-13.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹51.32, Assets Under Management (AUM) of 183.63 Crores, and an expense ratio of 1.03%.
  • JM Tax Gain Fund Direct Growth has given a CAGR return of 17.40% since inception.
  • The fund's asset allocation comprises around 96.83% in equities, 0.00% in debts, and 3.17% in cash & cash equivalents.
  • You can start investing in JM Tax Gain Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+10.81%

+7.02% (Cat Avg.)

3 Years

+18.28%

+14.56% (Cat Avg.)

5 Years

+27.22%

+23.66% (Cat Avg.)

10 Years

+15.66%

+12.82% (Cat Avg.)

Since Inception

+17.40%

(Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity177.81 Cr96.83%
Others5.82 Cr3.17%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity10.51 Cr5.73%
HDFC Bank LtdEquity8.98 Cr4.89%
Infosys LtdEquity7.22 Cr3.93%
Bajaj Auto LtdEquity5.75 Cr3.13%
State Bank of IndiaEquity5.62 Cr3.06%
Bajaj Finance LtdEquity5.59 Cr3.04%
CcilCash - Repurchase Agreement5.44 Cr2.96%
Maruti Suzuki India LtdEquity5.42 Cr2.95%
Bharti Airtel LtdEquity5.32 Cr2.90%
Larsen & Toubro LtdEquity5.05 Cr2.75%
OneSource Specialty Pharma LtdEquity4.94 Cr2.69%
Voltas LtdEquity4.59 Cr2.50%
CreditAccess Grameen Ltd Ordinary SharesEquity4.15 Cr2.26%
Kotak Mahindra Bank LtdEquity4.13 Cr2.25%
Jubilant Foodworks LtdEquity4.09 Cr2.22%
Navin Fluorine International LtdEquity4 Cr2.18%
Cummins India LtdEquity3.66 Cr1.99%
Varun Beverages LtdEquity3.51 Cr1.91%
Dr Reddy's Laboratories LtdEquity3.47 Cr1.89%
Power Finance Corp LtdEquity3.42 Cr1.86%
Tech Mahindra LtdEquity3.37 Cr1.83%
Godfrey Phillips India LtdEquity3.35 Cr1.82%
Hindalco Industries LtdEquity3.34 Cr1.82%
SRF LtdEquity3.23 Cr1.76%
Century Plyboards (India) LtdEquity3.19 Cr1.74%
Mrs Bectors Food Specialities Ltd Ordinary SharesEquity3.13 Cr1.70%
Trent LtdEquity3.11 Cr1.70%
UltraTech Cement LtdEquity3.11 Cr1.69%
PG Electroplast LtdEquity3.03 Cr1.65%
Firstsource Solutions LtdEquity3.03 Cr1.65%
Pidilite Industries LtdEquity3 Cr1.63%
Newgen Software Technologies LtdEquity2.89 Cr1.58%
Eternal LtdEquity2.82 Cr1.54%
Strides Pharma Science LtdEquity2.57 Cr1.40%
Blue Star LtdEquity2.54 Cr1.38%
Neuland Laboratories LimitedEquity2.54 Cr1.38%
Bank of BarodaEquity2.48 Cr1.35%
Gulf Oil Lubricants India LtdEquity2.48 Cr1.35%
NTPC LtdEquity2.32 Cr1.27%
Thangamayil Jewellery LtdEquity2.23 Cr1.21%
Jyothy Labs LtdEquity2.2 Cr1.20%
Crompton Greaves Consumer Electricals LtdEquity2.07 Cr1.13%
Dhanuka Agritech LtdEquity2.06 Cr1.12%
Global Health LtdEquity2.04 Cr1.11%
Spandana Sphoorty Financial LtdEquity2 Cr1.09%
Tata Consultancy Services LtdEquity1.89 Cr1.03%
Alivus Life Sciences LtdEquity1.89 Cr1.03%
Garware Hi-Tech Films LtdEquity1.87 Cr1.02%
Suzlon Energy LtdEquity1.84 Cr1.00%
Suraksha Diagnostic LtdEquity1.5 Cr0.82%
Orchid Pharma LtdEquity1.24 Cr0.68%
Net Receivable/PayableCash0.38 Cr0.21%

Allocation By Market Cap (Equity)

Large Cap Stocks

56.16%

Mid Cap Stocks

8.88%

Small Cap Stocks

27.73%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services46.89 Cr25.54%
Consumer Cyclical30.09 Cr16.39%
Basic Materials23.04 Cr12.55%
Technology21.43 Cr11.67%
Healthcare17.66 Cr9.62%
Industrials16.32 Cr8.89%
Consumer Defensive12.19 Cr6.64%
Communication Services5.32 Cr2.90%
Utilities2.32 Cr1.27%

Risk & Performance Ratios

Standard Deviation

This fund

16.09%

Cat. avg.

14.49%

Lower the better

Sharpe Ratio

This fund

0.71

Cat. avg.

0.57

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.94

Higher the better

Fund Managers

SR

Satish Ramanathan

Since October 2024

AB

Asit Bhandarkar

Since December 2021

RF

Ruchi Fozdar

Since October 2024

DG

Deepak Gupta

Since April 2025

Additional Scheme Detailsas of 31st March 2025

ISIN
INF192K01CE3
Expense Ratio
1.03%
Exit Load
No Charges
Fund Size
₹184 Cr
Age
12 years 3 months
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
BSE 500 India TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund nameExpense RatioExit LoadFund size
1Y
Bajaj Finserv ELSS Tax Saver Fund Regular Growth

Low Risk

2.3%0.0%₹33.17 Cr-
Bajaj Finserv ELSS Tax Saver Fund Direct Growth

Low Risk

0.5%0.0%₹33.17 Cr-
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹154.96 Cr7.8%
Sundaram Long Term Tax Advantage Fund Series I Regular Growth

High Risk

1.4%0.0%₹19.18 Cr8.0%
Bank of India Midcap Tax Fund Series 1 Direct Growth

Very High Risk

-0.0%₹56.79 Cr-2.5%
SBI Long Term Advantage Fund Series II Regular Growth

Very High Risk

-0.0%₹34.17 Cr6.4%
SBI Long Term Advantage Fund Series II Direct Growth

Very High Risk

-0.0%₹34.17 Cr6.8%
Bank of India Midcap Tax Fund Series 1 Regular Growth

Very High Risk

-0.0%₹56.79 Cr-2.8%
Sundaram Long Term Tax Advantage Fund Series I Direct Growth

High Risk

1.4%0.0%₹19.18 Cr8.1%
Sundaram Long Term Micro Cap Tax Advantage Fund Series V Regular Growth

Very High Risk

1.4%0.0%₹27.20 Cr1.5%

About the AMC

JM Financial Mutual Fund

JM Financial Mutual Fund

Total AUM

₹13,378 Cr

Address

502, 5th Floor, A - Wing, Mumbai, 400 051

Other Funds by JM Financial Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
JM Fixed Maturity Fund Series 28 Plan B Direct Growth

Moderate Risk

-0.0%--
JM Fixed Maturity Fund Series 28 Plan A Direct Growth

Moderate Risk

-0.0%--
JM Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹186.62 Cr7.5%
JM Equity Hybrid Fund Direct Growth

Very High Risk

0.7%1.0%₹767.72 Cr9.0%
JM Focused Fund Direct Growth

Very High Risk

0.7%1.0%₹246.58 Cr6.0%
JM Value Fund Direct Growth

Very High Risk

0.9%1.0%₹987.88 Cr5.7%
JM Low Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹223.94 Cr8.2%
JM Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹490.71 Cr2.9%
JM Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2805.99 Cr7.3%
JM Dynamic Bond Fund Direct Growth

Moderate Risk

0.5%0.0%₹44.80 Cr11.5%
JM Medium to Long Duration Fund Direct Growth

Moderate Risk

0.5%0.0%₹23.67 Cr11.2%
JM Flexicap Fund Direct Growth

Very High Risk

0.6%1.0%₹5263.18 Cr9.1%
JM Tax Gain Fund Direct Growth

Very High Risk

1.0%0.0%₹183.63 Cr10.8%
JM Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹1261.10 Cr11.1%
JM Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹200.81 Cr6.8%
JM Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹115.23 Cr9.5%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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The NAV of JM Tax Gain Fund Direct Growth, as of 17-Apr-2025, is ₹51.32.
The fund has generated 10.81% over the last 1 year and 18.28% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 96.83% in equities, 0.00% in bonds, and 3.17% in cash and cash equivalents.
The fund managers responsible for JM Tax Gain Fund Direct Growth are:-
  1. Satish Ramanathan
  2. Asit Bhandarkar
  3. Ruchi Fozdar
  4. Deepak Gupta

Fund Overview

Fund Size

Fund Size

₹184 Cr

Expense Ratio

Expense Ratio

1.03%

ISIN

ISIN

INF192K01CE3

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

About this fund

JM Tax Gain Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by JM Financial Mutual Fund. This fund has been in existence for 12 years, 3 months and 18 days, having been launched on 01-Jan-13.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹51.32, Assets Under Management (AUM) of 183.63 Crores, and an expense ratio of 1.03%.
  • JM Tax Gain Fund Direct Growth has given a CAGR return of 17.40% since inception.
  • The fund's asset allocation comprises around 96.83% in equities, 0.00% in debts, and 3.17% in cash & cash equivalents.
  • You can start investing in JM Tax Gain Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+10.81%

+7.02% (Cat Avg.)

3 Years

+18.28%

+14.56% (Cat Avg.)

5 Years

+27.22%

+23.66% (Cat Avg.)

10 Years

+15.66%

+12.82% (Cat Avg.)

Since Inception

+17.40%

(Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity177.81 Cr96.83%
Others5.82 Cr3.17%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity10.51 Cr5.73%
HDFC Bank LtdEquity8.98 Cr4.89%
Infosys LtdEquity7.22 Cr3.93%
Bajaj Auto LtdEquity5.75 Cr3.13%
State Bank of IndiaEquity5.62 Cr3.06%
Bajaj Finance LtdEquity5.59 Cr3.04%
CcilCash - Repurchase Agreement5.44 Cr2.96%
Maruti Suzuki India LtdEquity5.42 Cr2.95%
Bharti Airtel LtdEquity5.32 Cr2.90%
Larsen & Toubro LtdEquity5.05 Cr2.75%
OneSource Specialty Pharma LtdEquity4.94 Cr2.69%
Voltas LtdEquity4.59 Cr2.50%
CreditAccess Grameen Ltd Ordinary SharesEquity4.15 Cr2.26%
Kotak Mahindra Bank LtdEquity4.13 Cr2.25%
Jubilant Foodworks LtdEquity4.09 Cr2.22%
Navin Fluorine International LtdEquity4 Cr2.18%
Cummins India LtdEquity3.66 Cr1.99%
Varun Beverages LtdEquity3.51 Cr1.91%
Dr Reddy's Laboratories LtdEquity3.47 Cr1.89%
Power Finance Corp LtdEquity3.42 Cr1.86%
Tech Mahindra LtdEquity3.37 Cr1.83%
Godfrey Phillips India LtdEquity3.35 Cr1.82%
Hindalco Industries LtdEquity3.34 Cr1.82%
SRF LtdEquity3.23 Cr1.76%
Century Plyboards (India) LtdEquity3.19 Cr1.74%
Mrs Bectors Food Specialities Ltd Ordinary SharesEquity3.13 Cr1.70%
Trent LtdEquity3.11 Cr1.70%
UltraTech Cement LtdEquity3.11 Cr1.69%
PG Electroplast LtdEquity3.03 Cr1.65%
Firstsource Solutions LtdEquity3.03 Cr1.65%
Pidilite Industries LtdEquity3 Cr1.63%
Newgen Software Technologies LtdEquity2.89 Cr1.58%
Eternal LtdEquity2.82 Cr1.54%
Strides Pharma Science LtdEquity2.57 Cr1.40%
Blue Star LtdEquity2.54 Cr1.38%
Neuland Laboratories LimitedEquity2.54 Cr1.38%
Bank of BarodaEquity2.48 Cr1.35%
Gulf Oil Lubricants India LtdEquity2.48 Cr1.35%
NTPC LtdEquity2.32 Cr1.27%
Thangamayil Jewellery LtdEquity2.23 Cr1.21%
Jyothy Labs LtdEquity2.2 Cr1.20%
Crompton Greaves Consumer Electricals LtdEquity2.07 Cr1.13%
Dhanuka Agritech LtdEquity2.06 Cr1.12%
Global Health LtdEquity2.04 Cr1.11%
Spandana Sphoorty Financial LtdEquity2 Cr1.09%
Tata Consultancy Services LtdEquity1.89 Cr1.03%
Alivus Life Sciences LtdEquity1.89 Cr1.03%
Garware Hi-Tech Films LtdEquity1.87 Cr1.02%
Suzlon Energy LtdEquity1.84 Cr1.00%
Suraksha Diagnostic LtdEquity1.5 Cr0.82%
Orchid Pharma LtdEquity1.24 Cr0.68%
Net Receivable/PayableCash0.38 Cr0.21%

Allocation By Market Cap (Equity)

Large Cap Stocks

56.16%

Mid Cap Stocks

8.88%

Small Cap Stocks

27.73%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services46.89 Cr25.54%
Consumer Cyclical30.09 Cr16.39%
Basic Materials23.04 Cr12.55%
Technology21.43 Cr11.67%
Healthcare17.66 Cr9.62%
Industrials16.32 Cr8.89%
Consumer Defensive12.19 Cr6.64%
Communication Services5.32 Cr2.90%
Utilities2.32 Cr1.27%

Risk & Performance Ratios

Standard Deviation

This fund

16.09%

Cat. avg.

14.49%

Lower the better

Sharpe Ratio

This fund

0.71

Cat. avg.

0.57

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.94

Higher the better

Fund Managers

SR

Satish Ramanathan

Since October 2024

AB

Asit Bhandarkar

Since December 2021

RF

Ruchi Fozdar

Since October 2024

DG

Deepak Gupta

Since April 2025

Additional Scheme Detailsas of 31st March 2025

ISIN
INF192K01CE3
Expense Ratio
1.03%
Exit Load
No Charges
Fund Size
₹184 Cr
Age
12 years 3 months
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
BSE 500 India TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund nameExpense RatioExit LoadFund size
1Y
Bajaj Finserv ELSS Tax Saver Fund Regular Growth

Low Risk

2.3%0.0%₹33.17 Cr-
Bajaj Finserv ELSS Tax Saver Fund Direct Growth

Low Risk

0.5%0.0%₹33.17 Cr-
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹154.96 Cr7.8%
Sundaram Long Term Tax Advantage Fund Series I Regular Growth

High Risk

1.4%0.0%₹19.18 Cr8.0%
Bank of India Midcap Tax Fund Series 1 Direct Growth

Very High Risk

-0.0%₹56.79 Cr-2.5%
SBI Long Term Advantage Fund Series II Regular Growth

Very High Risk

-0.0%₹34.17 Cr6.4%
SBI Long Term Advantage Fund Series II Direct Growth

Very High Risk

-0.0%₹34.17 Cr6.8%
Bank of India Midcap Tax Fund Series 1 Regular Growth

Very High Risk

-0.0%₹56.79 Cr-2.8%
Sundaram Long Term Tax Advantage Fund Series I Direct Growth

High Risk

1.4%0.0%₹19.18 Cr8.1%
Sundaram Long Term Micro Cap Tax Advantage Fund Series V Regular Growth

Very High Risk

1.4%0.0%₹27.20 Cr1.5%

About the AMC

JM Financial Mutual Fund

JM Financial Mutual Fund

Total AUM

₹13,378 Cr

Address

502, 5th Floor, A - Wing, Mumbai, 400 051

Other Funds by JM Financial Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
JM Fixed Maturity Fund Series 28 Plan B Direct Growth

Moderate Risk

-0.0%--
JM Fixed Maturity Fund Series 28 Plan A Direct Growth

Moderate Risk

-0.0%--
JM Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹186.62 Cr7.5%
JM Equity Hybrid Fund Direct Growth

Very High Risk

0.7%1.0%₹767.72 Cr9.0%
JM Focused Fund Direct Growth

Very High Risk

0.7%1.0%₹246.58 Cr6.0%
JM Value Fund Direct Growth

Very High Risk

0.9%1.0%₹987.88 Cr5.7%
JM Low Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹223.94 Cr8.2%
JM Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹490.71 Cr2.9%
JM Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2805.99 Cr7.3%
JM Dynamic Bond Fund Direct Growth

Moderate Risk

0.5%0.0%₹44.80 Cr11.5%
JM Medium to Long Duration Fund Direct Growth

Moderate Risk

0.5%0.0%₹23.67 Cr11.2%
JM Flexicap Fund Direct Growth

Very High Risk

0.6%1.0%₹5263.18 Cr9.1%
JM Tax Gain Fund Direct Growth

Very High Risk

1.0%0.0%₹183.63 Cr10.8%
JM Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹1261.10 Cr11.1%
JM Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹200.81 Cr6.8%
JM Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹115.23 Cr9.5%

Still got questions?
We're here to help.

The NAV of JM Tax Gain Fund Direct Growth, as of 17-Apr-2025, is ₹51.32.
The fund has generated 10.81% over the last 1 year and 18.28% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 96.83% in equities, 0.00% in bonds, and 3.17% in cash and cash equivalents.
The fund managers responsible for JM Tax Gain Fund Direct Growth are:-
  1. Satish Ramanathan
  2. Asit Bhandarkar
  3. Ruchi Fozdar
  4. Deepak Gupta
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