JM Tax Gain Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (17-Sep-26)
Returns (Since Inception)
Fund Overview
Fund Size
₹248 Cr
Expense Ratio
1.29%
ISIN
INF192K01CE3
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 17-Sep-26, it has a Net Asset Value (NAV) of ₹60.21, Assets Under Management (AUM) of 248.18 Crores, and an expense ratio of 1.29%.
- JM Tax Gain Fund Direct Growth has given a CAGR return of 16.82% since inception.
- The fund's asset allocation comprises around 98.21% in equities, 0.00% in debts, and 1.79% 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
+6.02%
— (Cat Avg.)
3 Years
+15.74%
+9.63% (Cat Avg.)
5 Years
+14.09%
+9.80% (Cat Avg.)
10 Years
+16.05%
+12.77% (Cat Avg.)
Since Inception
+16.82%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2026
| Equity | ₹243.73 Cr | 98.21% |
| Others | ₹4.45 Cr | 1.79% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹7.35 Cr | 3.03% |
| Syrma SGS Technology Ltd | Equity | ₹7.16 Cr | 2.95% |
| Reliance Industries Ltd | Equity | ₹6.98 Cr | 2.88% |
| ICICI Bank Ltd | Equity | ₹6.96 Cr | 2.87% |
| Karur Vysya Bank Ltd | Equity | ₹6.81 Cr | 2.81% |
| Bharti Airtel Ltd | Equity | ₹6.5 Cr | 2.68% |
| One97 Communications Ltd | Equity | ₹6.36 Cr | 2.63% |
| Wework India Management Ltd | Equity | ₹6.22 Cr | 2.57% |
| United Spirits Ltd | Equity | ₹5.62 Cr | 2.32% |
| CarTrade Tech Ltd | Equity | ₹5.62 Cr | 2.32% |
| Lupin Ltd | Equity | ₹5.55 Cr | 2.29% |
| Bajaj Finance Ltd | Equity | ₹5.53 Cr | 2.28% |
| Travel Food Services Ltd | Equity | ₹5.42 Cr | 2.24% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹5.01 Cr | 2.07% |
| Coforge Ltd | Equity | ₹4.9 Cr | 2.02% |
| Sanathan Textiles Ltd | Equity | ₹4.63 Cr | 1.91% |
| Manappuram Finance Ltd | Equity | ₹4.62 Cr | 1.91% |
| Aditya Vision Ltd | Equity | ₹4.62 Cr | 1.90% |
| BSE Ltd | Equity | ₹4.56 Cr | 1.88% |
| Shaily Engineering Plastics Ltd | Equity | ₹4.54 Cr | 1.87% |
| Jindal Steel Ltd | Equity | ₹4.41 Cr | 1.82% |
| Larsen & Toubro Ltd | Equity | ₹4.4 Cr | 1.82% |
| Shriram Finance Ltd | Equity | ₹4.33 Cr | 1.79% |
| Fortis Healthcare Ltd | Equity | ₹4.31 Cr | 1.78% |
| PNB Housing Finance Ltd | Equity | ₹4.29 Cr | 1.77% |
| Kotak Mahindra Bank Ltd | Equity | ₹4.23 Cr | 1.75% |
| Eternal Ltd | Equity | ₹4.23 Cr | 1.75% |
| State Bank of India | Equity | ₹4.16 Cr | 1.72% |
| Bajaj Auto Ltd | Equity | ₹4.15 Cr | 1.71% |
| Belrise Industries Ltd | Equity | ₹4.12 Cr | 1.70% |
| Bosch Ltd | Equity | ₹4.11 Cr | 1.70% |
| Maruti Suzuki India Ltd | Equity | ₹4.07 Cr | 1.68% |
| OneSource Specialty Pharma Ltd | Equity | ₹4.06 Cr | 1.67% |
| Max Financial Services Ltd | Equity | ₹3.96 Cr | 1.63% |
| Tech Mahindra Ltd | Equity | ₹3.92 Cr | 1.62% |
| Persistent Systems Ltd | Equity | ₹3.88 Cr | 1.60% |
| Titagarh Rail Systems Ltd | Equity | ₹3.8 Cr | 1.57% |
| Apar Industries Ltd | Equity | ₹3.77 Cr | 1.55% |
| Navin Fluorine International Ltd | Equity | ₹3.63 Cr | 1.50% |
| Adani Power Ltd | Equity | ₹3.57 Cr | 1.47% |
| India Cements Ltd | Equity | ₹3.49 Cr | 1.44% |
| Mahindra & Mahindra Ltd | Equity | ₹3.46 Cr | 1.43% |
| SML Mahindra Ltd | Equity | ₹3.41 Cr | 1.41% |
| Prestige Estates Projects Ltd | Equity | ₹3.29 Cr | 1.36% |
| Jubilant Foodworks Ltd | Equity | ₹3.26 Cr | 1.35% |
| Godfrey Phillips India Ltd | Equity | ₹3.16 Cr | 1.31% |
| KEC International Ltd | Equity | ₹3.16 Cr | 1.31% |
| Artemis Medicare Services Ltd Ordinary Shares | Equity | ₹3.05 Cr | 1.26% |
| Finolex Cables Ltd | Equity | ₹2.97 Cr | 1.23% |
| Hindalco Industries Ltd | Equity | ₹2.92 Cr | 1.21% |
| Redington Ltd | Equity | ₹2.86 Cr | 1.18% |
| Ceat Ltd | Equity | ₹2.25 Cr | 0.93% |
| Net Receivable/Payable | Cash | ₹2.23 Cr | 0.92% |
| Spandana Sphoorty Financial Ltd | Equity | ₹2.22 Cr | 0.92% |
| Ccil | Cash - Repurchase Agreement | ₹2.11 Cr | 0.87% |
| Sagility Ltd | Equity | ₹1.76 Cr | 0.73% |
| Spandana Sphoorty Financial Ltd Ordinary Shares (Partly Paid Rs.5) | Equity | ₹0.29 Cr | 0.12% |
Allocation By Market Cap (Equity)
Large Cap Stocks
35.39%
Mid Cap Stocks
22.26%
Small Cap Stocks
40.56%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹64.34 Cr | 26.55% |
| Consumer Cyclical | ₹53.36 Cr | 22.02% |
| Technology | ₹29.09 Cr | 12.01% |
| Basic Materials | ₹19 Cr | 7.84% |
| Healthcare | ₹18.73 Cr | 7.73% |
| Industrials | ₹18.1 Cr | 7.47% |
| Real Estate | ₹9.51 Cr | 3.92% |
| Consumer Defensive | ₹8.79 Cr | 3.63% |
| Energy | ₹6.98 Cr | 2.88% |
| Communication Services | ₹6.5 Cr | 2.68% |
| Utilities | ₹3.57 Cr | 1.47% |
Risk & Performance Ratios
Standard Deviation
This fund
16.87%
Cat. avg.
15.43%
Lower the better
Sharpe Ratio
This fund
0.67
Cat. avg.
0.43
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.65
Higher the better
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 31st July 2026
ISIN INF192K01CE3 | Expense Ratio 1.29% | Exit Load No Charges | Fund Size ₹248 Cr | Age 13 years 8 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
About the AMC
JM Financial Mutual Fund
Total AUM
₹14,062 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 Multi Asset Allocation Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹159.25 Cr | - |
| JM Large & Mid Cap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹464.46 Cr | 2.2% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹147.98 Cr | 5.1% |
| JM Small Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹929.50 Cr | 13.6% |
| 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 | 1.5% | 0.0% | ₹482.50 Cr | 6.3% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹699.77 Cr | -1.1% |
| JM Focused Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹292.80 Cr | -0.1% |
| JM Value Fund Direct Growth Very High Risk | 1.5% | 1.0% | ₹817.27 Cr | -2.6% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹214.66 Cr | 6.3% |
| JM Large Cap Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹393.72 Cr | -2.4% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1742.62 Cr | 6.4% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹52.87 Cr | 3.9% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹30.21 Cr | 3.3% |
| JM Flexicap Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹5290.61 Cr | -0.5% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.3% | 0.0% | ₹248.18 Cr | 6.0% |
| JM Midcap Fund Direct Growth High Risk | 0.9% | 1.0% | ₹1360.29 Cr | 6.8% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹200.81 Cr | 6.8% |
| JM Short Duration Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹81.56 Cr | 5.2% |
Risk Level
Your principal amount will be at Very High Risk
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Who manages the JM Tax Gain Fund Direct Growth?
- Satish Ramanathan
- Asit Bhandarkar
- Ruchi Fozdar
- Deepak Gupta
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