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JM Tax Gain Fund


1 Lakh

Investment declined to
₹ 0.96 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.15 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -22.31 1.02 5.70 -2.22 -20.71 -21.25 -18.50 -1.47 3.92 10.90 7.29
S&P BSE 500 TRI -20.29 1.23 5.61 -2.32 -14.74 -19.77 -18.88 -0.76 3.75 9.02 7.72
Equity: ELSS -19.19 1.11 4.70 -2.24 -15.96 -18.74 -17.91 -2.26 2.81 10.12 8.60
Rank within category 31 24 6 15 33 27 19 18 12 11 23
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 29-May-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 0.95 21.27 -0.21 -0.21 0.96 -0.77
S&P BSE 500 TRI 1.56 21.09 -0.18 -0.20 -- --
Equity: ELSS -0.08 20.72 -0.26 -0.28 0.95 -1.81
Rank within category 17 24 14 12 18 16
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-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 32
Top 10 Stocks (%) 44.10
Top 5 Stocks (%) 25.59
Top 3 Sectors (%) 62.25
Portfolio P/B Ratio 3.86
Portfolio P/E Ratio 25.44

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 75,836 82,260
Giant (%) 46.57 50.80
Large (%) 28.36 16.48
Mid (%) 22.38 24.63
Small (%) 2.70 8.08
Tiny (%) -- 0.12

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 19.87 10.00 7.56 9.08
equal ICICI Lombard General Insurance Company Financial 49.52 4.24 0.00 4.24
equal Pidilite Industries Chemicals 62.71 4.90 3.53 4.16
equal HDFC Life Insurance Financial 80.27 4.10 0.00 4.10
equal Asian Paints Chemicals 59.80 4.50 3.56 4.02
up Bajaj Finance Financial 24.69 7.42 3.56 3.99
down Titan Company Cons Durable 56.83 4.99 0.00 3.70
equal Kotak Mahindra Bank Financial 28.77 4.56 3.13 3.68
equal Shree Cement Construction 49.47 4.39 2.89 3.67
equal HDFC Financial 14.04 4.33 3.27 3.46
up Larsen & Toubro Construction 13.34 5.10 2.68 3.39
equal Maruti Suzuki India Automobile 30.81 5.52 2.97 3.35
equal Petronet LNG Energy 13.22 3.92 2.52 3.27
equal Balkrishna Industries Automobile 25.15 4.01 2.33 3.20
equal Kansai Nerolac Paints Chemicals 38.87 3.27 0.00 3.16
up Tech Mahindra Technology 13.01 3.35 0.00 3.11
equal Trent Services 146.97 3.54 0.00 2.87
new Bharti Airtel Communication -- 2.74 0.00 2.74
equal Heidelberg Cement India Construction 14.22 2.59 0.00 2.57
equal Axis Bank Financial 60.43 4.40 0.00 2.47
equal L&T Infotech Technology 21.11 2.46 0.00 2.46
equal Ultratech Cement Construction 18.95 3.30 2.39 2.39
down Voltas Cons Durable 35.85 4.59 2.27 2.27
equal Central Depository Services Financial 24.66 2.36 0.00 2.24
equal Sundaram Finance Financial 11.80 3.73 2.18 2.18

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 30-Apr-2020

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:


1.02%

Change from previous, NAV as on 29-May-2020

Growth: ₹ 14.3081

Dividend: ₹ 14.3080


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: 2.99%
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 32 Cr (As on 30-Apr-2020)
Expense: 2.38% (As on 30-Sep-2019)
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: 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

Upcoming Video

Value Investing

Shop for value or hold cash

dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM