JM Tax Gain Fund Regular Growth
EquityELSS (Tax Savings)Very High Risk
Regular
NAV (06-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹173 Cr
Expense Ratio
2.37%
ISIN
INF192K01650
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
31 Mar 2008
About this fund
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹51.30, Assets Under Management (AUM) of 173.45 Crores, and an expense ratio of 2.37%.
- JM Tax Gain Fund Regular Growth has given a CAGR return of 10.46% since inception.
- The fund's asset allocation comprises around 99.63% in equities, 0.00% in debts, and 0.37% in cash & cash equivalents.
- You can start investing in JM Tax Gain Fund Regular 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
+49.05%
+39.82% (Cat Avg.)
3 Years
+22.33%
+18.95% (Cat Avg.)
5 Years
+25.49%
+23.15% (Cat Avg.)
10 Years
+17.29%
+15.31% (Cat Avg.)
Since Inception
+10.46%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹172.81 Cr | 99.63% |
| Others | ₹0.64 Cr | 0.37% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Infosys Ltd | Equity | ₹6.63 Cr | 3.82% |
| Larsen & Toubro Ltd | Equity | ₹6.39 Cr | 3.68% |
| ICICI Bank Ltd | Equity | ₹6.19 Cr | 3.57% |
| HDFC Bank Ltd | Equity | ₹6.08 Cr | 3.51% |
| Tata Motors Ltd Class A | Equity | ₹4.56 Cr | 2.63% |
| Power Finance Corp Ltd | Equity | ₹4.32 Cr | 2.49% |
| Suzlon Energy Ltd | Equity | ₹3.85 Cr | 2.22% |
| Voltas Ltd | Equity | ₹3.77 Cr | 2.17% |
| Housing & Urban Development Corp Ltd | Equity | ₹3.59 Cr | 2.07% |
| Jyothy Labs Ltd | Equity | ₹3.53 Cr | 2.04% |
| State Bank of India | Equity | ₹3.52 Cr | 2.03% |
| Varun Beverages Ltd | Equity | ₹3.47 Cr | 2.00% |
| Thomas Cook India Ltd | Equity | ₹3.47 Cr | 2.00% |
| Bharti Airtel Ltd | Equity | ₹3.46 Cr | 2.00% |
| Zomato Ltd | Equity | ₹3.45 Cr | 1.99% |
| UltraTech Cement Ltd | Equity | ₹3.39 Cr | 1.95% |
| Signatureglobal (India) Ltd | Equity | ₹3.37 Cr | 1.94% |
| NTPC Ltd | Equity | ₹3.33 Cr | 1.92% |
| Cummins India Ltd | Equity | ₹3.27 Cr | 1.89% |
| Newgen Software Technologies Ltd | Equity | ₹3.27 Cr | 1.88% |
| Honeywell Automation India Ltd | Equity | ₹3.27 Cr | 1.88% |
| R K Swamy Ltd | Equity | ₹3.23 Cr | 1.86% |
| Deepak Fertilisers & Petrochemicals Corp Ltd | Equity | ₹3.19 Cr | 1.84% |
| Mrs Bectors Food Specialities Ltd Ordinary Shares | Equity | ₹3.09 Cr | 1.78% |
| Blue Star Ltd | Equity | ₹3.09 Cr | 1.78% |
| Firstsource Solutions Ltd | Equity | ₹3.05 Cr | 1.76% |
| PCBL Ltd | Equity | ₹2.98 Cr | 1.72% |
| Dhanuka Agritech Ltd | Equity | ₹2.96 Cr | 1.71% |
| JSW Infrastructure Ltd | Equity | ₹2.88 Cr | 1.66% |
| Linde India Ltd | Equity | ₹2.86 Cr | 1.65% |
| Navin Fluorine International Ltd | Equity | ₹2.85 Cr | 1.65% |
| SKF India Ltd | Equity | ₹2.81 Cr | 1.62% |
| SBI Life Insurance Company Limited | Equity | ₹2.81 Cr | 1.62% |
| Trent Ltd | Equity | ₹2.68 Cr | 1.55% |
| SAMHI Hotels Ltd | Equity | ₹2.61 Cr | 1.51% |
| Vedanta Ltd | Equity | ₹2.57 Cr | 1.48% |
| Titagarh Rail Systems Ltd | Equity | ₹2.53 Cr | 1.46% |
| Orchid Pharma Ltd | Equity | ₹2.45 Cr | 1.41% |
| TVS Holdings Ltd | Equity | ₹2.41 Cr | 1.39% |
| Bharat Bijlee Ltd | Equity | ₹2.39 Cr | 1.38% |
| Hindalco Industries Ltd | Equity | ₹2.28 Cr | 1.31% |
| Jubilant Foodworks Ltd | Equity | ₹2.19 Cr | 1.26% |
| Bank of Baroda | Equity | ₹2.17 Cr | 1.25% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹2.15 Cr | 1.24% |
| Azad Engineering Ltd | Equity | ₹2.15 Cr | 1.24% |
| PG Electroplast Ltd | Equity | ₹2.13 Cr | 1.23% |
| Bharat Electronics Ltd | Equity | ₹2.05 Cr | 1.18% |
| Schneider Electric Infrastructure Ltd | Equity | ₹2.05 Cr | 1.18% |
| Zuari Industries Ltd | Equity | ₹1.95 Cr | 1.12% |
| Balrampur Chini Mills Ltd | Equity | ₹1.92 Cr | 1.11% |
| Tejas Networks Ltd | Equity | ₹1.87 Cr | 1.08% |
| SRF Ltd | Equity | ₹1.85 Cr | 1.07% |
| Kalyani Steels Ltd | Equity | ₹1.83 Cr | 1.05% |
| Global Health Ltd | Equity | ₹1.8 Cr | 1.04% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹1.72 Cr | 0.99% |
| Gulf Oil Lubricants India Ltd | Equity | ₹1.69 Cr | 0.97% |
| Patel Engineering Ltd | Equity | ₹1.41 Cr | 0.81% |
| Treps-Triparty Repo | Cash - Repurchase Agreement | ₹0.74 Cr | 0.43% |
| Net Current Assets | Cash | ₹-0.11 Cr | 0.06% |
Allocation By Market Cap (Equity)
Large Cap Stocks
41.05%
Mid Cap Stocks
14.35%
Small Cap Stocks
42.37%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹43.85 Cr | 25.28% |
| Financial Services | ₹28.69 Cr | 16.54% |
| Basic Materials | ₹28.44 Cr | 16.40% |
| Consumer Cyclical | ₹23.09 Cr | 13.31% |
| Technology | ₹19.09 Cr | 11.01% |
| Consumer Defensive | ₹12.01 Cr | 6.93% |
| Communication Services | ₹6.69 Cr | 3.85% |
| Healthcare | ₹4.25 Cr | 2.45% |
| Real Estate | ₹3.37 Cr | 1.95% |
| Utilities | ₹3.33 Cr | 1.92% |
Risk & Performance Ratios
Standard Deviation
This fund
14.03%
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
1.19
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Asit Bhandarkar
Since December 2021
Gurvinder Wasan
Since December 2022
Chaitanya Choksi
Since July 2014
Additional Scheme Detailsas of 31st July 2024
ISIN | INF192K01650 | Expense Ratio | 2.37% | Exit Load | No Charges | Fund Size | ₹173 Cr | Age | 31 Mar 2008 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | S&P 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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% | ₹4722.04 Cr | 37.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4722.04 Cr | 35.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38278.40 Cr | 35.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4016.58 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4016.58 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹56.80 Cr | 39.5% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.80 Cr | 37.3% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹385.94 Cr | 55.9% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹385.94 Cr | 53.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1677.93 Cr | 25.8% |
About the AMC
Total AUM
₹10,983 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% | ₹162.46 Cr | 8.1% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹486.95 Cr | 50.2% |
| JM Focused Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹146.95 Cr | 43.7% |
| JM Value Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1343.12 Cr | 57.7% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹245.58 Cr | 7.5% |
| JM Large Cap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹331.31 Cr | 44.2% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2058.18 Cr | 7.4% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.5% | 0.0% | ₹42.78 Cr | 8.4% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹23.83 Cr | 8.6% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹3855.23 Cr | 59.9% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.1% | 0.0% | ₹173.45 Cr | 50.8% |
| JM Midcap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1620.33 Cr | 54.8% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹221.29 Cr | 6.8% |
| JM Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹134.41 Cr | 7.7% |
Risk Level
Your principal amount will be at Very High Risk
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- Asit Bhandarkar
- Gurvinder Wasan
- Chaitanya Choksi
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