JM Tax Gain Fund Direct Growth

Fund Overview

Fund Size

₹167 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 12 years, 2 months and 27 days, having been launched on 01-Jan-13.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹51.01, Assets Under Management (AUM) of 167.42 Crores, and an expense ratio of 1.27%.

JM Tax Gain Fund Direct Growth has given a CAGR return of 17.43% since inception.
The fund's asset allocation comprises around 95.25% in equities, 0.00% in debts, and 4.75% 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

+13.57%

+6.96% (Cat Avg.)

3 Years

+18.78%

+14.91% (Cat Avg.)

5 Years

+28.34%

+25.31% (Cat Avg.)

10 Years

+15.97%

+12.91% (Cat Avg.)

Since Inception

+17.43%

— (Cat Avg.)

Portfolio Summaryas of 28th February 2025

Equity	₹159.46 Cr	95.25%
Others	₹7.96 Cr	4.75%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹9.39 Cr	5.61%
HDFC Bank Ltd	Equity	₹9.38 Cr	5.60%
Ccil	Cash - Repurchase Agreement	₹7.84 Cr	4.68%
Infosys Ltd	Equity	₹7.76 Cr	4.63%
Bajaj Finserv Ltd	Equity	₹6.65 Cr	3.97%
Maruti Suzuki India Ltd	Equity	₹5.62 Cr	3.36%
Bajaj Auto Ltd	Equity	₹5.18 Cr	3.09%
State Bank of India	Equity	₹5.02 Cr	3.00%
Bharti Airtel Ltd	Equity	₹4.82 Cr	2.88%
Larsen & Toubro Ltd	Equity	₹4.57 Cr	2.73%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹4.01 Cr	2.39%
Jubilant Foodworks Ltd	Equity	₹3.85 Cr	2.30%
Navin Fluorine International Ltd	Equity	₹3.58 Cr	2.14%
Tech Mahindra Ltd	Equity	₹3.53 Cr	2.11%
Voltas Ltd	Equity	₹3.5 Cr	2.09%
OneSource Specialty Pharma Ltd	Equity	₹3.49 Cr	2.09%
Dr Reddy's Laboratories Ltd	Equity	₹3.39 Cr	2.03%
Cummins India Ltd	Equity	₹3.26 Cr	1.95%
Century Plyboards (India) Ltd	Equity	₹3.25 Cr	1.94%
Zomato Ltd	Equity	₹3.11 Cr	1.86%
Hindalco Industries Ltd	Equity	₹3.11 Cr	1.86%
Firstsource Solutions Ltd	Equity	₹3.08 Cr	1.84%
SRF Ltd	Equity	₹3.07 Cr	1.84%
Power Finance Corp Ltd	Equity	₹3.01 Cr	1.80%
Varun Beverages Ltd	Equity	₹2.83 Cr	1.69%
Mrs Bectors Food Specialities Ltd Ordinary Shares	Equity	₹2.83 Cr	1.69%
UltraTech Cement Ltd	Equity	₹2.73 Cr	1.63%
Newgen Software Technologies Ltd	Equity	₹2.72 Cr	1.62%
PG Electroplast Ltd	Equity	₹2.63 Cr	1.57%
Pidilite Industries Ltd	Equity	₹2.4 Cr	1.43%
Strides Pharma Science Ltd	Equity	₹2.38 Cr	1.42%
Blue Star Ltd	Equity	₹2.28 Cr	1.36%
Neuland Laboratories Limited	Equity	₹2.23 Cr	1.33%
Jyothy Labs Ltd	Equity	₹2.16 Cr	1.29%
Bank of Baroda	Equity	₹2.14 Cr	1.28%
Spandana Sphoorty Financial Ltd	Equity	₹2.14 Cr	1.28%
Gulf Oil Lubricants India Ltd	Equity	₹2.1 Cr	1.26%
Thangamayil Jewellery Ltd	Equity	₹2.04 Cr	1.22%
NTPC Ltd	Equity	₹2.02 Cr	1.21%
Dhanuka Agritech Ltd	Equity	₹2.02 Cr	1.21%
Global Health Ltd	Equity	₹1.95 Cr	1.17%
Crompton Greaves Consumer Electricals Ltd	Equity	₹1.88 Cr	1.12%
Trent Ltd	Equity	₹1.87 Cr	1.11%
Suzlon Energy Ltd	Equity	₹1.62 Cr	0.96%
Alivus Life Sciences Ltd	Equity	₹1.55 Cr	0.92%
Orchid Pharma Ltd	Equity	₹1.54 Cr	0.92%
Suraksha Diagnostic Ltd	Equity	₹1.52 Cr	0.91%
SKF India Ltd	Equity	₹1.52 Cr	0.91%
Garware Hi-Tech Films Ltd	Equity	₹1.41 Cr	0.84%
Thomas Cook India Ltd	Equity	₹1.33 Cr	0.79%
Net Receivable/Payable	Cash	₹0.12 Cr	0.07%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹41.74 Cr	24.93%
Consumer Cyclical	₹28.37 Cr	16.94%
Basic Materials	₹20.6 Cr	12.30%
Technology	₹19.72 Cr	11.78%
Industrials	₹16.32 Cr	9.75%
Healthcare	₹15.83 Cr	9.45%
Consumer Defensive	₹7.82 Cr	4.67%
Communication Services	₹4.82 Cr	2.88%
Utilities	₹2.02 Cr	1.21%

Risk & Performance Ratios

Fund Managers

Satish Ramanathan

Since October 2024

Asit Bhandarkar

Since December 2021

Chaitanya Choksi

Since July 2014

Ruchi Fozdar

Since October 2024

Additional Scheme Detailsas of 28th February 2025

ISIN

INF192K01CE3

Expense Ratio

1.27%

Exit Load

No Charges

Fund Size

₹167 Cr

Age

12 years 2 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%	₹4053.35 Cr	12.2%
Tata India Tax Savings Fund Regular Growth Very High Risk	1.9%	0.0%	₹4053.35 Cr	11.0%
Axis Long Term Equity Fund Regular Growth Very High Risk	1.6%	0.0%	₹32174.34 Cr	7.7%
Parag Parikh Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹4477.32 Cr	17.0%
Parag Parikh Tax Saver Fund Regular Growth Very High Risk	1.7%	0.0%	₹4477.32 Cr	15.7%
Shriram Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹44.32 Cr	-0.9%
Shriram Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹44.32 Cr	-2.5%
ITI Long Term Equity Fund Direct Growth Very High Risk	0.6%	0.0%	₹343.31 Cr	7.1%
ITI Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹343.31 Cr	5.2%
Sundaram Diversified Equity Regular Growth Very High Risk	2.2%	0.0%	₹1361.57 Cr	6.2%

About the AMC

JM Financial Mutual Fund

+91 22 61987777

https://www.jmfinancialmf.com/

Total AUM

₹13,534 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%	₹212.09 Cr	7.4%
JM Equity Hybrid Fund Direct Growth Very High Risk	0.7%	1.0%	₹729.07 Cr	10.0%
JM Focused Fund Direct Growth Very High Risk	0.8%	1.0%	₹217.48 Cr	8.5%
JM Value Fund Direct Growth Very High Risk	1.1%	1.0%	₹1388.07 Cr	6.5%
JM Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹226.52 Cr	7.9%
JM Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹457.68 Cr	2.8%
JM Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹3497.37 Cr	7.3%
JM Dynamic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹44.03 Cr	9.2%
JM Medium to Long Duration Fund Direct Growth Moderate Risk	0.5%	0.0%	₹24.95 Cr	8.9%
JM Flexicap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4899.24 Cr	10.2%
JM Tax Gain Fund Direct Growth Very High Risk	1.3%	0.0%	₹167.42 Cr	13.6%
JM Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1198.23 Cr	15.3%
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%	₹114.81 Cr	8.3%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
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 27-Mar-2025, is ₹51.01.

What are the returns of JM Tax Gain Fund Direct Growth?

The fund has generated 13.57% over the last 1 year and 18.78% 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 95.25% in equities, 0.00% in bonds, and 4.75% 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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Fund Overview

Fund Size

₹167 Cr

Expense Ratio

1.27%

ISIN

INF192K01CE3

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Very High Risk