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JM Tax Gain Fund download report

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.48 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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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
JM Tax Gain-G -12.19 0.72 -1.80 -10.19 -10.05 -16.44 9.62 15.82 11.01 11.71 16.30
S&P BSE 500 TRI -8.87 0.73 -2.99 -10.15 -7.83 -11.96 10.15 15.42 11.62 11.80 14.82
Equity: ELSS -10.78 0.73 -2.68 -10.20 -9.10 -13.88 8.08 13.96 9.63 10.38 14.97
Rank within category 24 18 2 18 26 29 15 9 7 8 6
Number of funds in category 36 36 36 36 36 36 36 34 32 28 26

As on 16-May-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 9.62 15.82 11.01 2.54% 65
Axis Long Term Equity Fund
4 star
 Dec-09 -1.20 11.82 10.51 1.54% 31,656
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 9.01 18.59 14.22 1.64% 11,963
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 8.82 16.80 11.27 1.92% 9,811
IDFC Tax Advantage (ELSS) Fund - Regular Plan  | Invest Online
4 star
 Dec-08 13.94 18.20 12.43 1.96% 3,742

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 18.56 22.78 0.66 0.68 1.00 0.33
S&P BSE 500 TRI 18.19 21.83 0.67 0.73 -- --
Equity: ELSS 16.76 21.35 0.62 0.65 0.95 -0.66
Rank within category 9 30 12 11 29 10
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 30-Apr-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 32
Top 10 Stocks (%) 45.35
Top 5 Stocks (%) 26.46
Top 3 Sectors (%) 54.71
Portfolio P/B Ratio 3.87
Portfolio P/E Ratio 30.66

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,59,410 1,35,974
Giant (%) 55.93 52.12
Large (%) 15.02 17.19
Mid (%) 29.04 24.36
Small (%) -- 6.67
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
down Infosys Technology 28.34 8.02 1.51 6.48
down HDFC Bank Financial 19.04 10.00 5.17 5.52
equal Larsen & Toubro Construction 25.05 5.47 2.68 5.01
up M&M Financial Services Financial 18.44 4.76 0.00 4.76
equal ICICI Bank Financial 18.91 4.68 0.00 4.68
equal State Bank of India Financial 11.48 4.44 0.00 4.16
equal Reliance Industries Energy 27.06 6.03 0.00 4.14
equal Tech Mahindra Technology 20.74 4.56 1.64 3.69
equal Maruti Suzuki India Automobile 56.48 3.94 1.23 3.59
equal Ultratech Cement Materials 23.63 4.50 2.19 3.31
equal Ashok Leyland Automobile -- 4.08 0.00 3.16
equal Trent Services 349.78 3.54 0.00 3.10
equal Kotak Mahindra Bank Financial 29.76 4.35 2.86 3.09
equal Bajaj Finance Financial 48.64 7.08 2.99 2.99
new Axis Bank Financial 13.90 4.40 0.00 2.72
up Gujarat Gas Energy 30.01 2.68 0.00 2.68
up L&T Infotech Technology 31.35 3.24 1.54 2.66
equal Balkrishna Industries Automobile 27.58 3.47 1.16 2.56
up HDFC Financial 17.45 4.06 2.44 2.48
equal SKF India Capital Goods 39.94 3.52 1.55 2.37
equal Titan Company Consumer Discretionary 86.24 4.99 2.32 2.33
equal Voltas Consumer Discretionary 62.44 4.59 2.15 2.26
equal Cipla Healthcare 29.92 2.60 0.00 2.24
equal United Spirits Consumer Staples 68.93 2.77 0.00 2.21
equal ABB India Ltd. Capital Goods 63.40 2.35 0.00 2.17

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-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:

0.72%

Change from previous, NAV as on 16-May-2022

Growth: ₹ 25.2788

IDCW: ₹ 25.2785

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: 6.78%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 65 Cr (As on 30-Apr-2022)
Expense: 2.54% (As on 30-Apr-2022)
Risk Grade: Average
Return Grade: Above Average
Turnover: 60.98%

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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