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JM Tax Gain Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (21-Nov-24)
₹53.50-0.54%1D
Returns (Since Inception)
18.45%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹181 Cr
Expense Ratio
1.27%
ISIN
INF192K01CE3
Minimum SIP
₹500
Exit Load
No Charges
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 11 years, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹53.50, Assets Under Management (AUM) of 180.91 Crores, and an expense ratio of 1.27%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹53.50, Assets Under Management (AUM) of 180.91 Crores, and an expense ratio of 1.27%.
- JM Tax Gain Fund Direct Growth has given a CAGR return of 18.45% since inception.
- The fund's asset allocation comprises around 99.76% in equities, 0.00% in debts, and 0.24% 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
+35.61%
+27.83% (Cat Avg.)
3 Years
+17.93%
+14.94% (Cat Avg.)
5 Years
+22.30%
+19.25% (Cat Avg.)
10 Years
+16.61%
+13.87% (Cat Avg.)
Since Inception
+18.45%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹180.49 Cr | 99.76% |
| Others | ₹0.43 Cr | 0.24% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹9.57 Cr | 5.29% |
| Infosys Ltd | Equity | ₹8.69 Cr | 4.80% |
| ICICI Bank Ltd | Equity | ₹7.23 Cr | 4.00% |
| Larsen & Toubro Ltd | Equity | ₹6.07 Cr | 3.35% |
| State Bank of India | Equity | ₹5.16 Cr | 2.85% |
| Bharti Airtel Ltd | Equity | ₹4.95 Cr | 2.74% |
| Newgen Software Technologies Ltd | Equity | ₹4.08 Cr | 2.25% |
| Bajaj Auto Ltd | Equity | ₹3.98 Cr | 2.20% |
| SBI Life Insurance Co Ltd | Equity | ₹3.73 Cr | 2.06% |
| Hindalco Industries Ltd | Equity | ₹3.7 Cr | 2.05% |
| Mrs Bectors Food Specialities Ltd Ordinary Shares | Equity | ₹3.69 Cr | 2.04% |
| Trent Ltd | Equity | ₹3.63 Cr | 2.01% |
| Power Finance Corp Ltd | Equity | ₹3.53 Cr | 1.95% |
| Jyothy Labs Ltd | Equity | ₹3.48 Cr | 1.92% |
| Tech Mahindra Ltd | Equity | ₹3.46 Cr | 1.91% |
| Firstsource Solutions Ltd | Equity | ₹3.37 Cr | 1.86% |
| Honeywell Automation India Ltd | Equity | ₹3.32 Cr | 1.83% |
| Varun Beverages Ltd | Equity | ₹3.29 Cr | 1.82% |
| NTPC Ltd | Equity | ₹3.27 Cr | 1.80% |
| Voltas Ltd | Equity | ₹3.22 Cr | 1.78% |
| UltraTech Cement Ltd | Equity | ₹3.15 Cr | 1.74% |
| Deepak Fertilisers & Petrochemicals Corp Ltd | Equity | ₹3.05 Cr | 1.68% |
| Maruti Suzuki India Ltd | Equity | ₹2.99 Cr | 1.65% |
| Balrampur Chini Mills Ltd | Equity | ₹2.98 Cr | 1.65% |
| Suzlon Energy Ltd | Equity | ₹2.98 Cr | 1.65% |
| Axis Bank Ltd | Equity | ₹2.72 Cr | 1.51% |
| Dr Reddy's Laboratories Ltd | Equity | ₹2.72 Cr | 1.50% |
| Blue Star Ltd | Equity | ₹2.69 Cr | 1.49% |
| Linde India Ltd | Equity | ₹2.68 Cr | 1.48% |
| JSW Infrastructure Ltd | Equity | ₹2.68 Cr | 1.48% |
| Thomas Cook India Ltd | Equity | ₹2.66 Cr | 1.47% |
| Orchid Pharma Ltd | Equity | ₹2.56 Cr | 1.41% |
| Dhanuka Agritech Ltd | Equity | ₹2.5 Cr | 1.38% |
| Cummins India Ltd | Equity | ₹2.45 Cr | 1.35% |
| Zomato Ltd | Equity | ₹2.43 Cr | 1.34% |
| Zuari Industries Ltd | Equity | ₹2.3 Cr | 1.27% |
| Gulf Oil Lubricants India Ltd | Equity | ₹2.27 Cr | 1.25% |
| Neuland Laboratories Limited | Equity | ₹2.26 Cr | 1.25% |
| PG Electroplast Ltd | Equity | ₹2.26 Cr | 1.25% |
| Bharat Bijlee Ltd | Equity | ₹2.2 Cr | 1.22% |
| TVS Holdings Ltd | Equity | ₹2.18 Cr | 1.21% |
| Thangamayil Jewellery Ltd | Equity | ₹2.18 Cr | 1.20% |
| Navin Fluorine International Ltd | Equity | ₹2.17 Cr | 1.20% |
| Global Health Ltd | Equity | ₹2.16 Cr | 1.19% |
| Bank of Baroda | Equity | ₹2.15 Cr | 1.19% |
| SKF India Ltd | Equity | ₹2.12 Cr | 1.17% |
| Signatureglobal (India) Ltd | Equity | ₹2 Cr | 1.11% |
| Azad Engineering Ltd | Equity | ₹1.9 Cr | 1.05% |
| Akums Drugs and Pharmaceuticals Ltd | Equity | ₹1.89 Cr | 1.05% |
| Pidilite Industries Ltd | Equity | ₹1.89 Cr | 1.05% |
| Glenmark Life Sciences Ltd | Equity | ₹1.85 Cr | 1.02% |
| Jubilant Foodworks Ltd | Equity | ₹1.81 Cr | 1.00% |
| Amber Enterprises India Ltd Ordinary Shares | Equity | ₹1.81 Cr | 1.00% |
| Strides Pharma Science Ltd | Equity | ₹1.78 Cr | 0.98% |
| Treps-Triparty Repo | Cash - Repurchase Agreement | ₹1.74 Cr | 0.96% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹1.66 Cr | 0.92% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹1.62 Cr | 0.90% |
| SRF Ltd | Equity | ₹1.57 Cr | 0.87% |
| Net Current Assets | Cash | ₹-1.31 Cr | 0.72% |
| Schneider Electric Infrastructure Ltd | Equity | ₹1.29 Cr | 0.71% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹0.98 Cr | 0.54% |
| Honasa Consumer Ltd | Equity | ₹0.79 Cr | 0.44% |
| R K Swamy Ltd | Equity | ₹0.74 Cr | 0.41% |
Allocation By Market Cap (Equity)
Large Cap Stocks
48.82%
Mid Cap Stocks
15.04%
Small Cap Stocks
33.60%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹35.08 Cr | 19.39% |
| Industrials | ₹33.22 Cr | 18.36% |
| Consumer Cyclical | ₹25.3 Cr | 13.99% |
| Technology | ₹23.51 Cr | 13.00% |
| Basic Materials | ₹22.98 Cr | 12.70% |
| Consumer Defensive | ₹14.23 Cr | 7.86% |
| Healthcare | ₹12.95 Cr | 7.16% |
| Communication Services | ₹5.69 Cr | 3.15% |
| Utilities | ₹3.27 Cr | 1.80% |
| Real Estate | ₹2 Cr | 1.11% |
Risk & Performance Ratios
Standard Deviation
This fund
14.61%
Cat. avg.
13.29%
Lower the better
Sharpe Ratio
This fund
0.96
Cat. avg.
0.78
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.39
Higher the better
Fund Managers
SR
Satish Ramanathan
Since October 2024
AB
Asit Bhandarkar
Since December 2021
CC
Chaitanya Choksi
Since July 2014
RF
Ruchi Fozdar
Since October 2024
Additional Scheme Detailsas of 31st October 2024
ISIN INF192K01CE3 | Expense Ratio 1.27% | Exit Load No Charges | Fund Size ₹181 Cr | Age 11 years 10 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark BSE 500 India TR INR |
Investment 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
Capital Gains Taxation:
Dividend Taxation:
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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4680.10 Cr | 27.8% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4680.10 Cr | 26.4% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹36533.13 Cr | 23.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4273.94 Cr | 26.8% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4273.94 Cr | 25.4% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹54.03 Cr | 22.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.03 Cr | 20.8% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹388.48 Cr | 31.4% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹388.48 Cr | 29.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1559.54 Cr | 17.6% |
About the AMC
JM Financial Mutual Fund
Total AUM
₹13,183 Cr
Address
502, 5th Floor, A - Wing, Mumbai, 400 051
Other Funds by JM Financial Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund 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% | ₹184.36 Cr | 8.0% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹678.92 Cr | 34.8% |
| JM Focused Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹196.38 Cr | 30.5% |
| JM Value Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1454.96 Cr | 33.9% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹232.88 Cr | 7.8% |
| JM Large Cap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹456.66 Cr | 29.7% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹3240.07 Cr | 7.4% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.5% | 0.0% | ₹45.99 Cr | 8.5% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹28.56 Cr | 8.8% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹4721.61 Cr | 41.9% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.3% | 0.0% | ₹180.91 Cr | 35.6% |
| JM Midcap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1691.09 Cr | 40.1% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹200.81 Cr | 6.8% |
| JM Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹125.65 Cr | 8.1% |
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of JM Tax Gain Fund Direct Growth?
The NAV of JM Tax Gain Fund Direct Growth, as of 21-Nov-2024, is ₹53.50.
What are the returns of JM Tax Gain Fund Direct Growth?
The fund has generated 35.61% over the last 1 year and 17.93% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of JM Tax Gain Fund Direct Growth?
The fund's allocation of assets is distributed as 99.76% in equities, 0.00% in bonds, and 0.24% in cash and cash equivalents.
Who manages the JM Tax Gain Fund Direct Growth?
The fund managers responsible for JM Tax Gain Fund Direct Growth are:-
- Satish Ramanathan
- Asit Bhandarkar
- Chaitanya Choksi
- Ruchi Fozdar
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.