JM Tax Gain Fund Direct Growth

Fund Overview

Fund Size

₹209 Cr

Expense Ratio

1.11%

ISIN

INF192K01CE3

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

JM Tax Gain Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by JM Financial Mutual Fund. This fund has been in existence for 12 years, 7 months and 10 days, having been launched on 01-Jan-13.
As of 08-Aug-25, it has a Net Asset Value (NAV) of ₹53.53, Assets Under Management (AUM) of 208.81 Crores, and an expense ratio of 1.11%.

JM Tax Gain Fund Direct Growth has given a CAGR return of 17.33% since inception.
The fund's asset allocation comprises around 97.05% in equities, 0.00% in debts, and 2.95% in cash & cash equivalents.
You can start investing in JM Tax Gain Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

-3.34%

— (Cat Avg.)

3 Years

+20.33%

+16.56% (Cat Avg.)

5 Years

+24.01%

+20.78% (Cat Avg.)

10 Years

+15.36%

+12.98% (Cat Avg.)

Since Inception

+17.33%

— (Cat Avg.)

Portfolio Summaryas of 30th June 2025

Equity	₹202.65 Cr	97.05%
Others	₹6.16 Cr	2.95%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Larsen & Toubro Ltd	Equity	₹10.62 Cr	5.09%
ICICI Bank Ltd	Equity	₹10.12 Cr	4.85%
HDFC Bank Ltd	Equity	₹9.83 Cr	4.71%
Reliance Industries Ltd	Equity	₹8.01 Cr	3.84%
OneSource Specialty Pharma Ltd	Equity	₹6.2 Cr	2.97%
Bharti Airtel Ltd	Equity	₹6.17 Cr	2.95%
Syrma SGS Technology Ltd	Equity	₹5.73 Cr	2.74%
360 One Wam Ltd Ordinary Shares	Equity	₹5.55 Cr	2.66%
Maruti Suzuki India Ltd	Equity	₹5.34 Cr	2.56%
Infosys Ltd	Equity	₹5.28 Cr	2.53%
Bajaj Auto Ltd	Equity	₹5.28 Cr	2.53%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹5.27 Cr	2.53%
One97 Communications Ltd	Equity	₹5.13 Cr	2.46%
Net Receivable/Payable	Cash	₹4.83 Cr	2.31%
Coforge Ltd	Equity	₹4.81 Cr	2.30%
Godfrey Phillips India Ltd	Equity	₹4.44 Cr	2.13%
Max Financial Services Ltd	Equity	₹4.36 Cr	2.09%
Jubilant Foodworks Ltd	Equity	₹4.32 Cr	2.07%
Axis Bank Ltd	Equity	₹4.14 Cr	1.98%
Kotak Mahindra Bank Ltd	Equity	₹4.11 Cr	1.97%
Cummins India Ltd	Equity	₹4.08 Cr	1.95%
Karur Vysya Bank Ltd	Equity	₹4.01 Cr	1.92%
Tech Mahindra Ltd	Equity	₹4.01 Cr	1.92%
Lupin Ltd	Equity	₹3.88 Cr	1.86%
Navin Fluorine International Ltd	Equity	₹3.81 Cr	1.83%
KEC International Ltd	Equity	₹3.72 Cr	1.78%
Eternal Ltd	Equity	₹3.7 Cr	1.77%
Trent Ltd	Equity	₹3.63 Cr	1.74%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹3.57 Cr	1.71%
Northern Arc Capital Ltd	Equity	₹3.49 Cr	1.67%
PNB Housing Finance Ltd	Equity	₹3.44 Cr	1.65%
Deepak Fertilisers & Petrochemicals Corp Ltd	Equity	₹3.41 Cr	1.64%
Newgen Software Technologies Ltd	Equity	₹3.4 Cr	1.63%
Hindalco Industries Ltd	Equity	₹3.39 Cr	1.63%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹3.08 Cr	1.48%
Bajaj Finance Ltd	Equity	₹3.04 Cr	1.46%
Garware Hi-Tech Films Ltd	Equity	₹3.04 Cr	1.45%
Shaily Engineering Plastics Ltd	Equity	₹2.83 Cr	1.35%
Voltamp Transformers Ltd	Equity	₹2.76 Cr	1.32%
Ramco Cements Ltd	Equity	₹2.69 Cr	1.29%
Jindal Steel & Power Ltd	Equity	₹2.54 Cr	1.22%
Neuland Laboratories Ltd	Equity	₹2.52 Cr	1.21%
Spandana Sphoorty Financial Ltd	Equity	₹2.37 Cr	1.13%
Prestige Estates Projects Ltd	Equity	₹2.32 Cr	1.11%
GAIL (India) Ltd	Equity	₹2.1 Cr	1.01%
Sanathan Textiles Ltd	Equity	₹2.07 Cr	0.99%
Thangamayil Jewellery Ltd	Equity	₹2.07 Cr	0.99%
Jyoti CNC Automation Ltd	Equity	₹1.95 Cr	0.93%
Ccil	Cash - Repurchase Agreement	₹1.33 Cr	0.64%
Suraksha Diagnostic Ltd	Equity	₹1 Cr	0.48%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹59.75 Cr	28.61%
Consumer Cyclical	₹29.48 Cr	14.12%
Technology	₹28.36 Cr	13.58%
Industrials	₹23.13 Cr	11.08%
Basic Materials	₹21.72 Cr	10.40%
Healthcare	₹17.17 Cr	8.22%
Energy	₹8.01 Cr	3.84%
Communication Services	₹6.17 Cr	2.95%
Consumer Defensive	₹4.44 Cr	2.13%
Real Estate	₹2.32 Cr	1.11%
Utilities	₹2.1 Cr	1.01%

Risk & Performance Ratios

Fund Managers

Satish Ramanathan

Since October 2024

Asit Bhandarkar

Since December 2021

Ruchi Fozdar

Since October 2024

Deepak Gupta

Since April 2025

Additional Scheme Detailsas of 30th June 2025

ISIN

INF192K01CE3

Expense Ratio

1.11%

Exit Load

No Charges

Fund Size

₹209 Cr

Age

12 years 7 months

Lumpsum Minimum

₹500

Fund Status

Open Ended Investment Company

Benchmark

BSE 500 India TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bajaj Finserv ELSS Tax Saver Fund Regular Growth Low Risk	2.3%	0.0%	₹60.56 Cr	-
Bajaj Finserv ELSS Tax Saver Fund Direct Growth Low Risk	0.5%	0.0%	₹60.56 Cr	-
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹215.05 Cr	0.4%
Sundaram Long Term Tax Advantage Fund Series I Regular Growth High Risk	1.4%	0.0%	₹19.18 Cr	8.0%
Bank of India Midcap Tax Fund Series 1 Direct Growth Very High Risk	-	0.0%	₹63.64 Cr	-5.0%
SBI Long Term Advantage Fund Series II Regular Growth Very High Risk	-	0.0%	₹34.17 Cr	6.4%
SBI Long Term Advantage Fund Series II Direct Growth Very High Risk	-	0.0%	₹34.17 Cr	6.8%
Bank of India Midcap Tax Fund Series 1 Regular Growth Very High Risk	-	0.0%	₹63.64 Cr	-5.3%
Sundaram Long Term Tax Advantage Fund Series I Direct Growth High Risk	1.4%	0.0%	₹19.18 Cr	8.1%
Sundaram Long Term Micro Cap Tax Advantage Fund Series V Regular Growth Very High Risk	1.4%	0.0%	₹31.75 Cr	2.9%
Sundaram Long Term Micro Cap Tax Advantage Fund Series V Direct Growth Very High Risk	1.2%	0.0%	₹31.75 Cr	3.1%
Sundaram Long Term Tax Advantage Fund Series II Direct Growth Very High Risk	1.2%	0.0%	₹13.44 Cr	2.2%
Sundaram Long Term Tax Advantage Fund Series II Regular Growth Very High Risk	1.4%	0.0%	₹13.44 Cr	2.0%
SBI Long Term Advantage Fund Series I Regular Growth Low Risk	-	0.0%	₹49.50 Cr	16.8%
SBI Long Term Advantage Fund Series I Direct Growth Low Risk	-	0.0%	₹49.50 Cr	17.1%
Sundaram Long Term Micro CapTax Advantage Fund Sries III Direct Growth Very High Risk	1.2%	0.0%	₹80.22 Cr	1.9%
SBI Long Term Advantage Fund Series VI Regular Growth Very High Risk	-	0.0%	₹277.00 Cr	-2.5%
SBI Long Term Advantage Fund Series VI Direct Growth Very High Risk	-	0.0%	₹277.00 Cr	-2.1%
Sundaram Long Term Micro CapTax Advantage Fund Sries III Regular Growth Very High Risk	1.4%	0.0%	₹80.22 Cr	1.7%
Sundaram Long Term Tax Advantage Fund Series III Direct Growth Very High Risk	1.3%	-	₹35.00 Cr	2.1%
SBI Tax Advantage Fund Series III Direct Growth Very High Risk	-	0.0%	₹33.26 Cr	32.0%
SBI Tax Advantage Fund Series III Regular Growth Very High Risk	-	0.0%	₹33.26 Cr	31.5%
Sundaram Long Term Tax Advantage Fund Series III Regular Growth Very High Risk	1.4%	-	₹35.00 Cr	1.9%
ICICI Prudential Long Term Wealth Enhancement Fund Regular Growth Very High Risk	1.4%	0.0%	₹40.95 Cr	0.6%
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth Very High Risk	1.0%	0.0%	₹40.95 Cr	1.0%
Sundaram Long Term Tax Advantage Fund Series IV Regular Growth Very High Risk	1.4%	0.0%	₹23.09 Cr	2.5%
Sundaram Long Term Tax Advantage Fund Series IV Direct Growth Very High Risk	1.3%	0.0%	₹23.09 Cr	2.7%
SBI Long Term Advantage Fund Series III Regular Growth Very High Risk	-	0.0%	₹69.95 Cr	-8.8%
SBI Long Term Advantage Fund Series III Direct Growth Very High Risk	-	0.0%	₹69.95 Cr	-8.4%
SBI Long Term Advantage Fund Series V Direct Growth Very High Risk	-	0.0%	₹387.55 Cr	16.8%
SBI Long Term Advantage Fund Series V Regular Growth Very High Risk	-	0.0%	₹387.55 Cr	16.4%
SBI Long Term Advantage Fund Series IV Regular Growth Very High Risk	-	0.0%	₹203.68 Cr	-7.9%
SBI Long Term Advantage Fund Series IV Direct Growth Very High Risk	-	0.0%	₹203.68 Cr	-7.5%
Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Direct Growth Very High Risk	1.3%	0.0%	₹37.74 Cr	2.3%
Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Regular Growth Very High Risk	1.4%	0.0%	₹37.74 Cr	2.2%
Invesco India Tax Plan Regular Growth Very High Risk	1.9%	0.0%	₹2911.31 Cr	-1.1%
HSBC ELSS Fund Direct Growth Very High Risk	1.1%	0.0%	₹4250.51 Cr	2.4%
LIC MF ELSS Direct Growth Very High Risk	0.9%	0.0%	₹1114.91 Cr	1.9%
Kotak Taxsaver Fund Direct Growth Very High Risk	0.6%	0.0%	₹6492.65 Cr	-1.4%
Invesco India Tax Plan Direct Growth Very High Risk	0.8%	0.0%	₹2911.31 Cr	-0.0%
HSBC Tax Saver Equity Fund Regular Growth Very High Risk	2.5%	0.0%	₹253.40 Cr	8.2%
ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth Very High Risk	1.1%	0.0%	₹14660.64 Cr	2.7%
Sundaram Tax Savings Fund Direct Growth Very High Risk	1.6%	0.0%	₹1394.52 Cr	3.6%
Bandhan Tax Advantage (ELSS) Fund Direct Growth Very High Risk	0.6%	0.0%	₹7151.15 Cr	-1.7%
Nippon India Tax Saver (ELSS) Fund Direct Growth Very High Risk	1.0%	0.0%	₹15623.15 Cr	0.6%
JM Tax Gain Fund Direct Growth Very High Risk	1.1%	0.0%	₹208.81 Cr	-3.3%
Samco ELSS Tax Saver Fund Direct Growth Very High Risk	1.0%	0.0%	₹128.98 Cr	-8.2%
Samco ELSS Tax Saver Fund Regular Growth Very High Risk	2.4%	0.0%	₹128.98 Cr	-9.4%
Mahindra Manulife ELSS Fund Regular Growth Very High Risk	2.1%	0.0%	₹979.66 Cr	-0.7%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹979.66 Cr	0.8%

About the AMC

JM Financial Mutual Fund

+91 22 61987777

https://www.jmfinancialmf.com/

Total AUM

₹14,117 Cr

Address

502, 5th Floor, A - Wing, Mumbai, 400 051

Other Funds by JM Financial Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
JM Fixed Maturity Fund Series 28 Plan B Direct Growth Moderate Risk	-	0.0%	-	-
JM Fixed Maturity Fund Series 28 Plan A Direct Growth Moderate Risk	-	0.0%	-	-
JM Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹196.16 Cr	6.9%
JM Equity Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹861.79 Cr	-4.1%
JM Focused Fund Direct Growth Very High Risk	0.7%	1.0%	₹290.36 Cr	-4.8%
JM Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹1109.58 Cr	-8.6%
JM Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹245.07 Cr	8.2%
JM Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹539.68 Cr	-6.5%
JM Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2664.40 Cr	7.0%
JM Dynamic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹60.60 Cr	8.9%
JM Medium to Long Duration Fund Direct Growth Moderate Risk	0.6%	0.0%	₹32.45 Cr	8.7%
JM Flexicap Fund Direct Growth Very High Risk	0.5%	1.0%	₹6143.77 Cr	-7.6%
JM Tax Gain Fund Direct Growth Very High Risk	1.1%	0.0%	₹208.81 Cr	-3.3%
JM Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1443.94 Cr	-0.6%
JM Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹200.81 Cr	6.8%
JM Short Duration Fund Direct Growth Moderate Risk	0.4%	0.0%	₹119.89 Cr	8.9%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of JM Tax Gain Fund Direct Growth?

The NAV of JM Tax Gain Fund Direct Growth, as of 08-Aug-2025, is ₹53.53.

What are the returns of JM Tax Gain Fund Direct Growth?

The fund has generated -3.34% over the last 1 year and 20.33% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of JM Tax Gain Fund Direct Growth?

The fund's allocation of assets is distributed as 97.05% in equities, 0.00% in bonds, and 2.95% in cash and cash equivalents.

Who manages the JM Tax Gain Fund Direct Growth?

The fund managers responsible for JM Tax Gain Fund Direct Growth are:-

Satish Ramanathan
Asit Bhandarkar
Ruchi Fozdar
Deepak Gupta

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹209 Cr

Expense Ratio

1.11%

ISIN

INF192K01CE3

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Very High Risk