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4 star

JM Tax Gain Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.26 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 15.86 -0.07 0.76 9.20 6.03 20.19 68.52 15.79 18.53 16.23 --
S&P BSE 500 TRI 18.60 -0.05 0.70 8.96 8.06 21.93 67.71 14.74 16.42 13.68 --
Equity: ELSS 18.34 0.01 0.77 8.49 7.64 21.76 64.30 13.91 15.88 14.77 --
Rank within category 26 25 17 9 27 23 11 9 6 9 --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 1

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Tax Gain Fund - Direct Plan
4 star
Jan-13 68.52 15.79 18.53 0.80 56
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 56.64 15.81 17.66 0.78 29,575
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 70.53 18.01 18.24 0.86 8,747
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 76.87 21.21 23.26 0.48 7,940
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 70.11 20.46 19.30 1.03 2,227

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.81 19-Sep-2019 - 26-Sep-2019 -21.72 16-Mar-2020 - 23-Mar-2020
Month 21.69 07-May-2014 - 06-Jun-2014 -37.26 20-Feb-2020 - 23-Mar-2020
Quarter 32.30 21-Feb-2014 - 23-May-2014 -34.69 23-Dec-2019 - 23-Mar-2020
Year 95.09 23-Mar-2020 - 23-Mar-2021 -27.33 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 16.68 24.04 0.52 0.55 1.01 0.68
S&P BSE 500 TRI 15.83 22.84 0.50 0.59 -- --
Equity: ELSS 14.81 22.45 0.47 0.52 0.96 -0.53
Rank within category 8 31 13 14 30 12
Number of funds in category 35 35 35 35 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 39
Top 10 Stocks (%) 40.72
Top 5 Stocks (%) 23.50
Top 3 Sectors (%) 59.91
Portfolio P/B Ratio 3.66
Portfolio P/E Ratio 28.60

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,24,122 1,22,008
Giant (%) 52.52 51.48
Large (%) 19.05 15.74
Mid (%) 22.83 24.34
Small (%) 5.60 8.63
Tiny (%) -- 0.30

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 25.88 10.00 6.74 6.74
equal Infosys Technology 32.41 5.62 0.00 5.37
equal Kotak Mahindra Bank Financial 35.28 4.56 2.86 3.94
equal Axis Bank Financial 31.67 4.40 0.00 3.77
equal Larsen & Toubro Construction 18.39 5.10 2.68 3.67
equal State Bank of India Financial 17.13 3.61 0.00 3.61
equal HDFC Financial 24.55 4.33 2.62 3.53
equal Ashok Leyland Automobile -- 4.08 0.00 3.41
equal Bajaj Finance Financial 84.86 7.21 3.39 3.39
new Reliance Industries Energy 30.87 6.03 0.00 3.28
equal Pidilite Industries Chemicals 95.88 4.60 2.49 2.85
equal Titan Company Cons Durable 157.88 4.99 0.00 2.80
equal Bajaj Finserv Financial 42.82 3.24 1.72 2.59
equal Ultratech Cement Construction 35.37 3.30 2.19 2.58
equal Voltas Cons Durable 66.59 4.59 2.18 2.57
down Asian Paints Chemicals 92.23 4.50 2.32 2.53
equal Cipla Healthcare 32.61 2.60 0.00 2.52
equal SKF India Engineering 43.04 4.25 1.55 2.52
equal Trent Services -- 3.54 0.00 2.49
equal Shree Cement Construction 44.86 4.39 2.34 2.39
equal Heidelberg Cement India Construction 17.96 2.73 0.00 2.36
equal Sundaram Finance Financial 24.51 3.05 1.87 2.25
equal Central Depository Services Financial 52.67 3.01 0.00 2.22
equal HDFC Life Insurance Financial 101.99 4.10 0.00 2.21
equal L&T Infotech Technology 37.63 3.24 0.00 2.08

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2021

Fund Manager

— Chaitanya Choksi since 25-Jul-2014

Education: Mr. Choksi is a MMS (Finance) and CFA.

Experience: Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.

Funds Managed:

— Sanjay Kumar Chhabaria since 01-Jan-2013

Education: He is a PGDBA and CFA.

Experience: Prior to joining JM Financials he has worked with Lotus India AMC, SBI Funds Management, Religare Invesco AMC, SMIFS Securities and IDBI Capital Markets.

Funds Managed:


-0.07%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 27.5332

IDCW: ₹ 26.8544


Investment Strategy

The scheme aims at achieving long term growth of capital along with income tax relief for investment. At least 80% of the funds will be invested in equity instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 17.16%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 56 Cr (As on 31-May-2021)
Expense: 0.80% (As on 31-Mar-2016)
Risk Grade: Average
Return Grade: Above Average
Turnover: --

Contact Information

AMC: JM Financial Asset Management Ltd.

Address: Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025

Phone: 022-33797777 / 1800-103-8345

Fax: 022-26528388

Email: [email protected]

Website: http://www.JMFinancialmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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