JM Tax Gain Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Fund House : JM Financial Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 17.0608 -0.69%
(as on 18th April, 2019)

Crisil Rank

Average performance among peers

45

100

Fund Size

: ₹ 31.96 Cr

(0.03% of Investment in Category)

Expense Ratio

: 2.9%

(2.9% Category average)

Risk-O-Meter

Moderately High

(Min ₹500 for SIP, ₹500 for one time investment)

ELSS :ELSS : Fund has 98.58% investment in indian stocks of which 72.73% is in large cap stocks, 25.7% is in mid cap stocks, 0.15% 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.

1M
3M
6M
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ALL

This Scheme

VS

Benchmark
S&P BSE 500

2.34%

6.44%

11.05%

4.48%

10.44%

12.82%

0%
NA
1.9%

5.6%

9.86%

-1.74%

7.32%

15.18%

10.85%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

Amount

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 18th April, 2019)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	11-Apr-19	10065.55	0.66%	-	0.88%	46/67
1 Month	18-Mar-19	10256.40	2.56%	-	1.90%	13/67
3 Month	18-Jan-19	10781.05	7.81%	-	5.60%	6/66
6 Month	17-Oct-18	11458.74	14.59%	-	9.86%	2/65
YTD	01-Apr-19	10043.33	0.43%	-	0.34%	37/67
1 Year	18-Apr-18	10249.31	2.49%	2.49%	-1.74%	19/63
2 Year	18-Apr-17	12067.68	20.68%	9.85%	7.32%	13/54
3 Year	18-Apr-16	15508.55	55.09%	15.75%	12.98%	6/47
5 Year	17-Apr-14	21429.40	114.29%	16.45%	15.18%	13/35
10 Year	17-Apr-09	36781.65	267.82%	13.90%	16.15%	27/29
Since Inception	23-Apr-08	16408.72	64.09%	4.61%	-	-/-

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 18th Apr,2019)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 year	18-Apr-18	12000	12665.19	5.54 %	10.43 %
2 years	18-Apr-17	24000	25734.01	7.23 %	6.87 %
3 years	18-Apr-16	36000	42513.26	18.09 %	11.11 %
5 years	18-Apr-14	60000	80632.04	34.39 %	11.77 %
10 years	18-Apr-09	120000	236344.23	96.95 %	13.00 %

SIP Calculator Detailed Returns Analysis

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 Mar,2019)

Equity Holding : 98.58% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.58%

No of Stocks : 31 (Category Avg - 44.67) | Large Cap Investments : 72.73%| Mid Cap Investments : 25.7% | Small Cap Investments : 0.15% | Other : 0%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Cr)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Banks	30.8	9.62%	0.29%	8.56% (Aug 2018)	8.56% (Aug 2018)	13.26 k	0.00
Bajaj Finance Ltd.	Nbfc	19.7	6.18%	0.33%	5.58% (Sep 2018)	5.58% (Sep 2018)	6.53 k	0.00
Voltas Limited	Engineering, designing, construction	14.6	4.56%	0.12%	3.56% (May 2018)	3.56% (May 2018)	23.15 k	0.00
Larsen & Toubro Ltd.	Engineering, designing, construction	13.8	4.31%	-0.04%	4.31% (Mar 2019)	4.31% (Mar 2019)	9.94 k	0.00
Axis Bank Ltd.	Banks	13.7	4.29%	1.01%	1.47% (Oct 2018)	0% (Apr 2018)	17.64 k	3.97 k
Shree Cement Ltd.	Cement	13.1	4.10%	0.16%	3.73% (Oct 2018)	3.73% (Oct 2018)	702.00	0.00
Titan Company Ltd.	Gems, jewellery and watches	13.1	4.09%	0.12%	1.18% (Jul 2018)	0% (Apr 2018)	11.44 k	0.00
- Pidilite Industries Ltd.	Chemicals - speciality	12.7	3.99%	0.00%	3.9% (Oct 2018)	3.9% (Oct 2018)	10.23 k	0.00
Asian Paints (india) Ltd.	Paints	12.7	3.97%	-0.07%	3.97% (Mar 2019)	3.97% (Mar 2019)	8.50 k	0.00
Kotak Mahindra Bank Ltd.	Banks	11.5	3.60%	0.06%	3.35% (Sep 2018)	3.35% (Sep 2018)	8.62 k	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Reverse Repo	Reverse Repo	1.58%
Net Receivables	Net Receivables	-0.16%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st March, 2019)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

14.51vs9.36

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

1.03vs0.66

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.71vs0.38

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.1vs0.05

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

1.87vs-0.31

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Mirae Asset Tax Saver Fund - Regular Plan - Growth	5	1839.36	1.97	7.18	12.42	9.07	21.06
Canara Robeco Equity Tax Saver - Regular Plan - Growth	4	951.45	2.18	5.95	12.64	8.50	13.86
Kotak Tax Saver Scheme - Growth	4	888.42	2.88	7.40	13.12	8.16	14.36
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth	4	6192.72	3.29	6.70	10.42	7.27	13.21
Quantum Tax Saving Fund - Growth	NA	79.71	2.18	5.57	8.93	6.68	0.00
Essel Long Term Advantage Fund - Growth	3	58.80	1.87	6.36	12.27	5.43	13.02
DSP Tax Saver Fund - Regular Plan - Growth	3	5413.31	2.29	8.41	14.74	4.75	14.50
Franklin India Taxshield Fund - Growth	3	4024.64	1.26	5.78	9.69	4.54	10.71
Axis Long Term Equity Fund - Growth	5	18851.87	2.19	7.05	11.07	3.78	13.98
Invesco India Tax Plan - Growth	4	834.78	1.13	5.09	7.96	3.67	13.82

Detailed Comparison

More Funds from JM Financial Mutual Fund

Out of 15 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 4 is/are ranked 4 * , 8 is/are ranked 3 * , 2 is/are ranked 1 * , and 0 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
JM Large Cap Fund - Growth	3	2476.88	1.18	2.94	4.20	4.73	8.70
JM Liquid Fund - Growth	3	1994.92	0.68	1.83	3.74	7.55	7.20
JM Multicap Fund - Growth	3	1347.81	1.39	6.60	11.47	2.47	15.29
JM Dynamic Debt Fund - Growth	5	347.73	0.63	1.74	3.66	7.35	7.62
JM Low Duration Fund - Growth	3	190.22	0.73	1.79	4.06	7.20	7.25
JM Value Fund - Growth	4	136.25	3.04	9.61	13.63	1.44	16.65
JM Arbitrage Fund - Growth	1	74.53	0.63	1.30	2.54	5.39	5.69
JM Ultra Short Duration Fund - Regular Plan - Growth	4	72.04	0.63	1.75	3.74	6.87	7.12
JM Short Term Fund - Growth	3	47.20	0.69	1.76	3.87	6.50	6.85
JM Core 11 Fund - Growth	3	43.84	2.74	12.75	18.96	7.97	19.91