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

: ₹ 25.9135 1.38%
(as on 27th May, 2022)

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Crisil Rank

Above average performance among peers

Fund Size

: ₹ 65.07 Cr

(0.04% of Investment in Category)

Expense Ratio

: 2.54%

(2.01% Category average)

Risk-O-Meter

Very High

ELSS :ELSS : 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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3M
6M
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This Scheme

VS

Benchmark
S&P BSE 500

-5.94%

-1.95%

-5.34%

6.29%

35.44%

10.92%

6.69%
NA
-6.06%

-2.82%

-6.47%

7.89%

38.08%

10.87%

13.11%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Annualised Returns

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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

Returns Calculator Detailed Returns Analysis

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 %

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 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.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	3.55%
Net Receivables	Net Receivables	-0.39%

Detailed Portfolio Analysis

Risk Ratios

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

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

22.17vs20.48

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

0.99vs0.89

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.

Poor risk adjusted returns

0.65vs0.71

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.

Poor risk adjusted returns

0.14vs0.16

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.

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

Detailed Comparison

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