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4 star

JM Tax Gain Fund download report


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.43 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.37 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
JM Tax Gain-G -14.00 0.82 2.53 -3.03 -11.04 -11.93 -1.16 12.69 10.86 10.86 15.72
S&P BSE 500 TRI -10.22 1.07 2.50 -2.78 -8.71 -8.19 0.25 13.34 11.33 11.40 14.03
Equity: ELSS -11.79 1.03 2.60 -2.31 -8.73 -9.80 -1.23 11.91 9.47 10.01 14.33
Rank within category 29 34 19 33 32 29 19 13 8 9 5
Number of funds in category 36 36 36 36 36 36 36 34 32 28 26

As on 24-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Tax Gain Fund
4 star
Mar-08 -1.16 12.69 10.86 2.54% 64
Axis Long Term Equity Fund
4 star
Dec-09 -10.79 9.40 9.92 1.55% 29,584
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 -1.26 15.77 13.74 1.66% 11,805
DSP Tax Saver Fund
4 star
Jan-07 -1.22 14.29 11.42 1.78% 9,504
Canara Robeco Equity Tax Saver Fund - Regular Plan  | Invest Online
5 star
Mar-93 -1.38 15.49 13.51 2.04% 3,602

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 19.65 27-Oct-2008 - 04-Nov-2008 -23.43 03-Oct-2008 - 10-Oct-2008
Month 32.44 06-May-2009 - 05-Jun-2009 -43.55 24-Sep-2008 - 24-Oct-2008
Quarter 91.86 05-Mar-2009 - 04-Jun-2009 -56.30 02-Sep-2008 - 02-Dec-2008
Year 107.11 05-Mar-2009 - 05-Mar-2010 -56.71 29-Apr-2008 - 29-Apr-2009

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
JM Tax Gain-G 16.47 22.85 0.57 0.59 1.00 0.26
S&P BSE 500 TRI 16.28 22.07 0.58 0.66 -- --
Equity: ELSS 14.81 21.55 0.52 0.57 0.95 -0.78
Rank within category 9 30 12 11 28 9
Number of funds in category 34 34 34 34 34 34

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

As on 31-May-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 33
Top 10 Stocks (%) 43.10
Top 5 Stocks (%) 24.82
Top 3 Sectors (%) 53.66
Portfolio P/B Ratio 3.76
Portfolio P/E Ratio 29.48

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,42,178 1,36,894
Giant (%) 51.83 53.53
Large (%) 19.16 17.41
Mid (%) 29.01 22.72
Small (%) -- 6.68
Tiny (%) -- 0.21

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
equal HDFC Bank Financial 19.76 10.00 5.17 5.59
down Infosys Technology 27.44 8.02 1.51 5.31
equal Larsen & Toubro Construction 24.24 5.47 2.68 4.94
equal ICICI Bank Financial 19.77 4.79 0.00 4.79
down M&M Financial Services Financial 19.27 4.76 0.00 4.18
equal Reliance Industries Energy 27.87 6.03 0.00 3.94
equal Maruti Suzuki India Automobile 65.06 3.94 1.23 3.75
up Bandhan Bank Financial 366.41 3.64 0.00 3.64
equal Tech Mahindra Technology 17.14 4.56 1.64 3.50
equal Ashok Leyland Automobile -- 4.08 0.00 3.45
down State Bank of India Financial 11.46 4.44 0.00 3.45
up L&T Infotech Technology 30.79 3.29 1.54 3.29
equal Kotak Mahindra Bank Financial 27.88 4.35 2.86 3.21
equal Gujarat Gas Energy 22.49 3.13 0.00 3.13
equal Ultratech Cement Materials 21.48 4.50 2.19 3.07
equal Trent Services 355.66 3.54 1.12 2.86
equal Balkrishna Industries Automobile 28.69 3.47 1.16 2.82
equal HDFC Financial 17.58 4.06 2.44 2.60
new Hindustan Unilever Consumer Staples 60.96 2.59 0.00 2.59
equal Axis Bank Financial 13.79 4.40 0.00 2.58
equal SKF India Capital Goods 42.35 3.52 1.55 2.56
equal ABB India Ltd. Capital Goods 64.63 2.54 0.00 2.54
up JK Cement Materials 23.24 2.33 0.00 2.33
equal Cipla Healthcare 29.92 2.60 0.00 2.29
equal Titan Company Consumer Discretionary 83.57 4.99 2.13 2.13

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-2022

Fund Manager

— Asit Bhandarkar since 28-Dec-2021

Education: Mr. Bhandarkar is a B.Com (H) and MMS.

Experience: Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.

Interviews:

Funds Managed:

— 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:


0.82%

Change from previous, NAV as on 24-Jun-2022

Growth: ₹ 24.7582

IDCW: ₹ 24.7579


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

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

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 31-Mar-2008
Return Since Launch: 6.57%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 64 Cr (As on 31-May-2022)
Expense: 2.54% (As on 31-May-2022)
Risk Grade: Average
Return Grade: Above Average
Turnover: 56.80%

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

Website: http://www.JMFinancialmf.com

Registrar & Transfer Agent: KFin Technologies 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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