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
Dividends
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| 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 (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) |
| 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
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| 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 |
| 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 |
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Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Apr-2020
— 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:
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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.
| 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 |
| 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: | -- |
House Voice - 11-Dec-2012
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
Friday, 12-Jun-2020
12:30 PM - 01:00 PM