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JM Tax Gain Fund - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 25.9135 1.38%
    (as on 27th May, 2022)
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Crisil Rank
Above average performance among peers
Risk-O-Meter
Very High

Fund has 96.84% investment in indian stocks of which 62.64% is in large cap stocks, 22.36% is in mid cap stocks, 3.55% 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.

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Returns (NAV as on 26th May, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 19-May-22 10220.80 2.21% - 1.10% 33/58
1 Month 26-Apr-22 9321.80 -6.78% - -7.88% 35/58
3 Month 25-Feb-22 9433.40 -5.67% - -3.91% 44/58
6 Month 26-Nov-21 9054.00 -9.46% - -7.52% 45/58
YTD 31-Dec-21 8879.40 -11.21% - -9.66% 45/58
1 Year 26-May-21 10552.40 5.52% 5.52% 7.01% 34/58
2 Year 26-May-20 18756.30 87.56% 36.95% 38.34% 29/58
3 Year 24-May-19 14785.00 47.85% 13.88% 14.05% 30/56
5 Year 26-May-17 17155.40 71.55% 11.39% 10.64% 19/45
10 Year 25-May-12 44998.60 349.99% 16.22% 14.78% 24/28
Since Inception 23-Apr-08 24584.90 145.85% 6.59% 12.95% 55/56

SIP Returns (NAV as on 26th May, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 26-May-21 12000 11282.16 -5.98 % -10.94 %
2 Year 26-May-20 24000 27680.65 15.34 % 14.41 %
3 Year 24-May-19 36000 45742.31 27.06 % 16.2 %
5 Year 26-May-17 60000 84003.91 40.01 % 13.43 %
10 Year 25-May-12 120000 257817.22 114.85 % 14.63 %
 

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 30th Apr,2022)

Portfolio Turnover Ratio : 60.98%  |   Category average turnover ratio is 70.62%  
Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 96.84% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.84%
No of Stocks : 33 (Category Avg - 49.05) | Large Cap Investments : 62.64%| Mid Cap Investments : 22.36% | Small Cap Investments : 3.55% | Other : 8.27%

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
Infosys Ltd. Computers - software 42.2 6.48% -1.54% 8.02% (Mar 2022) 5.01% (Oct 2021) 26.92 k -1.50 k
HDFC Bank Ltd. Banks 35.9 5.52% -0.39% 6.74% (May 2021) 5.17% (Dec 2021) 25.93 k -1.20 k
Larsen & Toubro Ltd. Engineering, designing, construction 32.6 5.01% -0.03% 5.47% (Feb 2022) 3.65% (Sep 2021) 19.25 k 0.00
Mahindra & Mahindra Financial Services Ltd. Nbfc 31 4.76% 1.04% 4.76% (Apr 2022) 0% (May 2021) 1.69 L 11.15 k
ICICI Bank Ltd. Banks 30.5 4.68% 0.25% 4.68% (Apr 2022) 0% (May 2021) 41.00 k 0.00
State Bank Of India Banks 27.1 4.16% 0.17% 4.44% (Jan 2022) 2.81% (Aug 2021) 54.50 k 0.00
Reliance Industries Ltd. Refineries/marketing 26.9 4.14% 0.37% 5.41% (Oct 2021) 2.46% (Jul 2021) 9.65 k 0.00
Tech Mahindra Ltd. Software -telecom 24 3.69% -0.54% 4.56% (Dec 2021) 1.68% (May 2021) 19.08 k 0.00
Maruti Suzuki India Ltd. Passenger/utility vehicles 23.4 3.59% 0.20% 3.94% (Jan 2022) 1.23% (Aug 2021) 3.03 k 0.00
Ultratech Cement Ltd. Cement 21.6 3.31% 0.13% 4.5% (Nov 2021) 2.43% (Sep 2021) 3.25 k 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 3.55%
Net Receivables Net Receivables -0.39%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th April, 2022)

  • Standard Deviation

    High volatility
    22.17vs20.48
    Category Avg
  • Beta

    High volatility
    0.99vs0.89
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.65vs0.71
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.14vs0.16
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    1.55vs2.6
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
HDFC Tax Saver Fund - Growth 3 9184.77 -2.94 2.67 -1.73 15.73 9.80
Parag Parikh Tax Saver Fund - Regular Plan - Growth NA 584.91 -2.77 -0.07 -0.57 14.41 0.00
Quant Tax Plan - Growth 5 1316.08 -8.36 2.72 -3.74 13.42 29.61
Union Long Term Equity Fund - Growth 4 497.04 -5.28 -2.64 -7.01 10.17 15.70
Nippon India Tax Saver Fund - Growth 2 11679.10 -4.81 -1.89 -4.26 9.15 7.35
Sundaram Tax Saving Fund - Growth 3 919.63 -5.03 -3.29 -5.05 8.89 12.46
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 5 3741.56 -7.37 -1.94 -3.29 8.89 15.85
PGIM India ELSS Tax Saver Fund - Growth 4 388.12 -6.27 -2.21 -3.57 8.75 14.47
Mahindra Manulife ELSS Kar Bachat Yojana - Regular Plan - Growth 4 461.74 -5.66 -3.84 -5.53 8.32 13.23
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 4 9751.65 -4.65 -2.98 -5.92 8.09 12.08

More Funds from JM Financial Mutual Fund

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

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
JM Liquid Fund - Growth 5 2463.60 0.29 0.89 1.77 3.47 4.09
JM Flexi Cap Fund - Growth 4 192.85 -6.35 -3.93 -6.10 7.89 14.44
JM Overnight Fund - Regular Plan - Growth NA 181.97 0.32 0.86 1.70 3.30 0.00
JM Low Duration Fund - Growth 3 161.23 -0.07 0.54 1.46 3.08 4.33
JM Value Fund - Growth 3 153.50 -6.91 -5.95 -8.18 5.21 12.73
JM Tax Gain Fund - Growth 4 65.07 -7.82 -3.01 -6.36 5.48 12.39
JM Tax Gain Fund - Growth 4 65.07 -6.78 -5.67 -9.46 5.52 13.88
JM Dynamic Bond Fund - Growth 5 52.83 -0.02 0.40 0.96 2.54 4.84
JM Arbitrage Fund - Growth 1 52.38 0.20 0.62 1.46 3.23 3.25
JM Large Cap Fund - Growth 4 49.33 -6.30 -3.14 -7.15 5.69 10.23

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