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JM Tax Gain Fund - (Direct) - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 31.1493 -0.21%
    (as on 17th September, 2021)
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Crisil Rank
Average performance among peers
Risk-O-Meter
Moderately High

Fund has 96.26% investment in indian stocks of which 57.67% is in large cap stocks, 21.68% is in mid cap stocks, 6.7% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

Crisil Rank Change : Fund Crisil rank was updated from 4 to 3 in the previous quarter.

This Scheme
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    S&P BSE 500
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Returns (NAV as on 17th September, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 09-Sep-21 10113.80 1.14% - 1.16% 29/63
1 Month 17-Aug-21 10749.10 7.49% - 5.53% 6/63
3 Month 17-Jun-21 11412.60 14.13% - 13.01% 25/63
6 Month 17-Mar-21 12282.90 22.83% - 25.39% 35/63
YTD 01-Jan-21 13052.50 30.53% - 36.21% 38/63
1 Year 17-Sep-20 16260.50 62.60% 62.61% 61.89% 28/63
2 Year 17-Sep-19 17560.90 75.61% 32.47% 33.71% 29/62
3 Year 17-Sep-18 17433.50 74.34% 20.33% 17.73% 13/59
5 Year 16-Sep-16 22914.30 129.14% 18.02% 16.04% 8/42
Since Inception 02-Jan-13 43137.10 331.37% 18.27% 17.25% 17/57

SIP Returns (NAV as on 17th September, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 17-Sep-20 12000 15518.95 29.32 % 58.26 %
2 Year 17-Sep-19 24000 36559.58 52.33 % 46.32 %
3 Year 17-Sep-18 36000 57928.49 60.91 % 33.4 %
5 Year 16-Sep-16 60000 105365.3 75.61 % 22.68 %
 

Tax Treatment

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).

Portfolio (Updated on 31st Aug,2021)

Equity Holding : 96.26% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.26%
No of Stocks : 39 (Category Avg - 49.54) | Large Cap Investments : 57.67%| Mid Cap Investments : 21.68% | Small Cap Investments : 6.7% | Other : 10.21%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
HDFC Bank Ltd. Banks 36.6 5.82% 0.24% 9.15% (Nov 2020) 5.58% (Jul 2021) 23.13 k 0.00
Infosys Ltd. Computers - software 34 5.41% -0.02% 5.62% (Mar 2021) 3.05% (Sep 2020) 19.92 k 0.00
Bajaj Finance Ltd. Nbfc 25.4 4.04% 0.49% 5.37% (Dec 2020) 3.39% (May 2021) 3.37 k 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 23.4 3.73% -0.06% 3.96% (Jan 2021) 2.8% (Oct 2020) 14.00 k 0.00
Axis Bank Ltd. Banks 22.1 3.52% 0.15% 3.83% (Apr 2021) 1.96% (Sep 2020) 28.14 k 0.00
Housing Development Finance Corporation Ltd. Housing finance 21.7 3.45% 0.25% 3.57% (Apr 2021) 2.62% (Sep 2020) 7.75 k 0.00
Bajaj Finserv Ltd Nbfc 21.1 3.36% 0.40% 3.36% (Aug 2021) 1.72% (Oct 2020) 1.23 k 0.00
Kotak Mahindra Bank Ltd. Banks 19.7 3.13% -0.01% 4.07% (Apr 2021) 2.86% (Sep 2020) 11.22 k 0.00
Titan Company Ltd. Gems, jewellery and watches 18.9 3.01% 0.16% 3.4% (Sep 2020) 2.68% (Feb 2021) 9.83 k 0.00
Tech Mahindra Ltd. Software -telecom 18.7 2.98% 1.09% 3.14% (Sep 2020) 1.64% (Feb 2021) 12.93 k 3.70 k
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
Net Receivables Net Receivables 3.01%
TREPS TREPS 0.74%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st August, 2021)

  • Standard Deviation

    High volatility
    21.54vs19.37
    Category Avg
  • Beta

    High volatility
    0.99vs0.86
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.66vs0.6
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.14vs0.14
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    2.79vs1.89
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Direct Plan - Growth 5 368.44 5.22 11.47 38.35 86.26 32.49
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3338.88 4.17 10.33 25.43 71.24 18.64
Nippon India Tax Saver Fund - Direct Plan - Growth 1 12385.02 5.88 14.57 23.52 67.83 10.53
DSP Tax Saver Fund - Direct Plan - Growth 4 9674.96 4.37 13.01 27.31 67.76 21.68
BOI AXA Tax Advantage Fund - Direct Plan - Growth 5 512.07 6.26 16.80 31.53 67.16 25.36
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth 4 409.09 5.54 14.12 26.09 67.13 18.48
Motilal Oswal Long Term Equity Fund - Direct Plan - Growth 2 2399.62 5.00 14.12 26.29 66.86 17.13
Franklin India Taxshield Fund - Direct - Growth 3 4876.56 4.53 9.61 20.22 65.84 14.80
Mirae Asset Tax Saver Fund - Direct Plan - Growth 4 9400.59 5.77 12.99 24.09 64.80 24.05
Axis Long Term Equity Fund - Direct Plan - Growth 3 33871.43 9.55 15.68 24.52 63.37 20.62

More Funds from JM Financial Mutual Fund

Out of 13 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 1 is/are ranked 4 * , 5 is/are ranked 3 * , 2 is/are ranked 1 * , and 3 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
JM Liquid Fund - Withheld Brokerage I.E.F. (Direct) - Growth NA 1186.83 0.00 0.00 0.00 0.00 0.00
JM Liquid Fund - (Direct) - Growth 5 1186.83 0.28 0.86 1.71 3.30 5.10
JM Flexi Cap Fund - Direct - Growth 3 187.46 7.63 14.48 22.17 64.60 18.63
JM Overnight Fund - Direct Plan - Growth NA 168.93 0.26 0.78 1.60 3.14 0.00
JM Value Fund - (Direct) - Growth 3 155.26 5.32 12.19 21.48 64.55 16.92
JM Low Duration Fund - (Direct) - Growth 3 129.34 0.32 1.09 2.13 3.90 5.45
JM Dynamic Debt Fund - (Direct) - Growth 5 72.91 0.57 1.44 3.41 5.26 6.71
JM Tax Gain Fund - (Direct) - Growth 3 62.82 7.49 14.13 22.83 62.61 20.33
JM Arbitrage Fund - (Direct) - Growth 1 51.78 0.11 0.76 1.92 3.08 4.24
JM Large Cap Fund - (Direct) - Growth 4 50.39 5.20 11.36 17.88 39.16 14.85

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