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JM Tax Gain Fund

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Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.52 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.21 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 2.90 0.86 -0.25 3.06 3.83 15.48 19.78 14.88 9.83 15.73 10.20
S&P BSE 500 TRI 2.22 0.61 -0.30 2.28 6.97 10.84 12.61 12.83 8.47 12.69 10.54
Equity: ELSS 2.68 0.72 0.08 2.97 6.42 11.56 13.24 10.96 7.86 13.61 11.55
Rank within category 15 12 27 18 35 5 5 3 6 5 22
Number of funds in category 38 38 38 38 37 36 35 34 30 28 27

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (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
Fund 16.02 14.42 0.71 0.99 1.01 2.17
S&P BSE 500 TRI 13.80 13.09 0.62 0.92 -- --
Equity: ELSS 12.04 13.32 0.48 0.70 0.95 -1.40
Rank within category 3 29 3 5 25 3
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 32
Top 10 Stocks (%) 45.71
Top 5 Stocks (%) 27.25
Top 3 Sectors (%) 57.64
Portfolio P/B Ratio 5.19
Portfolio P/E Ratio 34.28

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 92,642 98,037
Giant (%) 47.64 52.66
Large (%) 23.49 14.56
Mid (%) 28.88 24.99
Small (%) -- 8.12
Tiny (%) -- 0.23

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 25.94 10.00 6.36 9.47
equal Bajaj Finance Financial 51.46 7.42 5.01 5.48
equal Asian Paints Chemicals 63.07 4.50 3.56 4.26
equal Kotak Mahindra Bank Financial 36.01 4.56 2.84 4.07
equal Pidilite Industries Chemicals 69.08 4.90 3.39 3.98
equal Titan Company Cons Durable 75.87 4.71 0.00 3.91
equal HDFC Financial 34.91 4.33 3.24 3.89
equal Axis Bank Financial 43.43 4.40 0.00 3.73
equal Larsen & Toubro Construction 19.54 5.10 3.47 3.47
equal Balkrishna Industries Automobile 26.82 4.01 2.00 3.46
equal Maruti Suzuki India Automobile 35.42 5.52 3.04 3.46
equal Voltas Cons Durable 48.66 4.59 3.36 3.38
equal SKF India Engineering 32.71 4.25 2.97 3.32
equal Bajaj Finserv Financial 41.07 3.24 0.00 3.24
equal Petronet LNG Energy 15.55 3.92 0.00 3.22
equal Trent Services 136.02 3.23 0.00 3.05
equal Shree Cement Construction 64.53 4.39 2.89 2.90
equal ICICI Lombard General Insurance Financial 53.81 2.92 0.00 2.77
equal Sundaram Finance Financial 14.57 4.00 2.50 2.52
equal Ultratech Cement Construction 37.93 4.00 2.44 2.44
equal Thermax Engineering 44.48 3.18 2.38 2.44
equal Siemens Engineering 52.62 2.57 0.00 2.26
equal Tech Mahindra Technology 17.20 3.35 0.00 2.11
equal Kansai Nerolac Paints Chemicals 51.44 2.18 0.00 1.99
equal L&T Infotech Technology 23.14 2.12 0.00 1.97

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-Dec-2019

Fund Manager

— Chaitanya Choksi since 25-Jul-2014

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

Experience: Prior to joining JM Financials in 2008 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-Oct-2010

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:

0.86%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 18.9525

Dividend: ₹ 18.9524

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
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 31-Mar-2008
Return Since Launch: 5.56%
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 36 Cr (As on 31-Dec-2019)
Expense: 2.38% (As on 30-Sep-2019)
Risk Grade: Average
Return Grade: High
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: www.JMFinancialmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: mfshy[email protected]

Website: www.karvymfs.com

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