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JM Tax Gain Fund - Growth

  • Regular
  • Direct
Category : ELSS

Scheme Objective

To generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time

Scheme Details

  • Fund manager(s)Sanjay Chhabaria , Chaitanya Choksi
  • Launch date – 23-Apr-2008
  • Expense ratio – 2.9% as declared on 08-Jul-2013 (category average is 2.9%)
  • Benchmark - S&P BSE 500
  • Min SIP amount - ₹500
  • Min investment amount (one time- first time) - ₹500
  • Min investment amount (addtional purchase) - ₹500
  • Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

JM Tax Gain Fund - Growth charges 1.0% of sell value; if fund sold before 60 days. There are no other charges.

Net Buy Price
Buy Date
Sell Date
  • Gross Profit
  • Exit Charges
  • Net Profit

Tax Rate

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Contact Details

JM Financial Asset Management Pvt. Ltd.
Office B, 8th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Mumbai 400 051
Tel no.: 022-61987777
Fax no.: 022-61987704


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