JM Tax Gain Fund Regular Growth
EquityELSS (Tax Savings)Very High Risk
Regular
NAV (19-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹181 Cr
Expense Ratio
2.37%
ISIN
INF192K01650
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
31 Mar 2008
About this fund
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹51.84, Assets Under Management (AUM) of 181.35 Crores, and an expense ratio of 2.37%.
- JM Tax Gain Fund Regular Growth has given a CAGR return of 10.51% since inception.
- The fund's asset allocation comprises around 99.05% in equities, 0.00% in debts, and 0.95% in cash & cash equivalents.
- You can start investing in JM Tax Gain Fund Regular 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
+49.81%
+38.35% (Cat Avg.)
3 Years
+22.21%
+18.61% (Cat Avg.)
5 Years
+26.02%
+23.44% (Cat Avg.)
10 Years
+17.22%
+15.21% (Cat Avg.)
Since Inception
+10.51%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹179.64 Cr | 99.05% |
| Others | ₹1.71 Cr | 0.95% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Infosys Ltd | Equity | ₹6.89 Cr | 3.80% |
| ICICI Bank Ltd | Equity | ₹6.27 Cr | 3.46% |
| Larsen & Toubro Ltd | Equity | ₹6.21 Cr | 3.42% |
| HDFC Bank Ltd | Equity | ₹6.16 Cr | 3.40% |
| Tata Motors Ltd | Equity | ₹4.47 Cr | 2.47% |
| Voltas Ltd | Equity | ₹4.27 Cr | 2.36% |
| Power Finance Corp Ltd | Equity | ₹4.27 Cr | 2.35% |
| Zomato Ltd | Equity | ₹3.77 Cr | 2.08% |
| Suzlon Energy Ltd | Equity | ₹3.75 Cr | 2.07% |
| Bharti Airtel Ltd | Equity | ₹3.69 Cr | 2.03% |
| Trent Ltd | Equity | ₹3.65 Cr | 2.01% |
| Jyothy Labs Ltd | Equity | ₹3.62 Cr | 2.00% |
| Mrs Bectors Food Specialities Ltd Ordinary Shares | Equity | ₹3.54 Cr | 1.95% |
| Newgen Software Technologies Ltd | Equity | ₹3.54 Cr | 1.95% |
| Honeywell Automation India Ltd | Equity | ₹3.44 Cr | 1.90% |
| Deepak Fertilisers & Petrochemicals Corp Ltd | Equity | ₹3.38 Cr | 1.87% |
| Firstsource Solutions Ltd | Equity | ₹3.38 Cr | 1.86% |
| NTPC Ltd | Equity | ₹3.33 Cr | 1.84% |
| Varun Beverages Ltd | Equity | ₹3.3 Cr | 1.82% |
| State Bank of India | Equity | ₹3.3 Cr | 1.82% |
| UltraTech Cement Ltd | Equity | ₹3.22 Cr | 1.78% |
| Thomas Cook India Ltd | Equity | ₹3.18 Cr | 1.75% |
| SBI Life Insurance Company Limited | Equity | ₹3.15 Cr | 1.73% |
| Blue Star Ltd | Equity | ₹3.05 Cr | 1.68% |
| Balrampur Chini Mills Ltd | Equity | ₹2.99 Cr | 1.65% |
| SAMHI Hotels Ltd | Equity | ₹2.95 Cr | 1.63% |
| Dhanuka Agritech Ltd | Equity | ₹2.91 Cr | 1.60% |
| PCBL Ltd | Equity | ₹2.87 Cr | 1.58% |
| JSW Infrastructure Ltd | Equity | ₹2.76 Cr | 1.52% |
| Vedanta Ltd | Equity | ₹2.67 Cr | 1.47% |
| Orchid Pharma Ltd | Equity | ₹2.67 Cr | 1.47% |
| Signatureglobal (India) Ltd | Equity | ₹2.66 Cr | 1.47% |
| Dr Reddy's Laboratories Ltd | Equity | ₹2.64 Cr | 1.45% |
| Cummins India Ltd | Equity | ₹2.62 Cr | 1.45% |
| Housing & Urban Development Corp Ltd | Equity | ₹2.61 Cr | 1.44% |
| R K Swamy Ltd | Equity | ₹2.61 Cr | 1.44% |
| Bharat Bijlee Ltd | Equity | ₹2.56 Cr | 1.41% |
| Linde India Ltd | Equity | ₹2.53 Cr | 1.39% |
| Navin Fluorine International Ltd | Equity | ₹2.48 Cr | 1.37% |
| TVS Holdings Ltd | Equity | ₹2.44 Cr | 1.35% |
| Hindalco Industries Ltd | Equity | ₹2.38 Cr | 1.31% |
| Jubilant Foodworks Ltd | Equity | ₹2.37 Cr | 1.31% |
| PG Electroplast Ltd | Equity | ₹2.26 Cr | 1.25% |
| Tejas Networks Ltd | Equity | ₹2.25 Cr | 1.24% |
| Global Health Ltd | Equity | ₹2.21 Cr | 1.22% |
| Zuari Industries Ltd | Equity | ₹2.17 Cr | 1.19% |
| Bank of Baroda | Equity | ₹2.14 Cr | 1.18% |
| Treps-Triparty Repo | Cash - Repurchase Agreement | ₹2.11 Cr | 1.16% |
| Azad Engineering Ltd | Equity | ₹2.03 Cr | 1.12% |
| SKF India Ltd | Equity | ₹1.98 Cr | 1.09% |
| Gulf Oil Lubricants India Ltd | Equity | ₹1.98 Cr | 1.09% |
| Bharat Electronics Ltd | Equity | ₹1.95 Cr | 1.07% |
| Thangamayil Jewellery Ltd | Equity | ₹1.94 Cr | 1.07% |
| Go Digit General Insurance Ltd | Equity | ₹1.92 Cr | 1.06% |
| Glenmark Life Sciences Ltd | Equity | ₹1.84 Cr | 1.02% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹1.81 Cr | 1.00% |
| SRF Ltd | Equity | ₹1.8 Cr | 0.99% |
| Schneider Electric Infrastructure Ltd | Equity | ₹1.78 Cr | 0.98% |
| Titagarh Rail Systems Ltd | Equity | ₹1.78 Cr | 0.98% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹1.75 Cr | 0.97% |
| Akums Drugs and Pharmaceuticals Ltd | Equity | ₹1.51 Cr | 0.83% |
| Net Current Assets | Cash | ₹-0.4 Cr | 0.22% |
Allocation By Market Cap (Equity)
Large Cap Stocks
41.48%
Mid Cap Stocks
13.09%
Small Cap Stocks
41.15%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹40.35 Cr | 22.25% |
| Financial Services | ₹29.8 Cr | 16.43% |
| Consumer Cyclical | ₹26.59 Cr | 14.66% |
| Basic Materials | ₹26.22 Cr | 14.46% |
| Technology | ₹20.08 Cr | 11.07% |
| Consumer Defensive | ₹13.45 Cr | 7.42% |
| Healthcare | ₹10.87 Cr | 5.99% |
| Communication Services | ₹6.3 Cr | 3.47% |
| Utilities | ₹3.33 Cr | 1.84% |
| Real Estate | ₹2.66 Cr | 1.47% |
Risk & Performance Ratios
Standard Deviation
This fund
14.03%
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
1.19
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Asit Bhandarkar
Since December 2021
Gurvinder Wasan
Since December 2022
Chaitanya Choksi
Since July 2014
Additional Scheme Detailsas of 31st August 2024
ISIN | INF192K01650 | Expense Ratio | 2.37% | Exit Load | No Charges | Fund Size | ₹181 Cr | Age | 31 Mar 2008 | 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4806.05 Cr | 37.2% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4806.05 Cr | 35.6% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38422.94 Cr | 35.1% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4152.25 Cr | 34.9% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4152.25 Cr | 33.4% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹56.61 Cr | 39.4% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.61 Cr | 37.1% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.29 Cr | 56.8% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹398.29 Cr | 54.0% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 26.9% |
About the AMC
Total AUM
₹10,983 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% | ₹179.85 Cr | 7.9% |
| JM Equity Hybrid Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹578.07 Cr | 49.2% |
| JM Focused Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹164.83 Cr | 41.6% |
| JM Value Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1471.20 Cr | 55.4% |
| JM Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹245.58 Cr | 7.6% |
| JM Large Cap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹392.57 Cr | 41.3% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2058.18 Cr | 7.4% |
| JM Dynamic Bond Fund Direct Growth Moderate Risk | 0.5% | 0.0% | ₹43.53 Cr | 9.1% |
| JM Medium to Long Duration Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹24.54 Cr | 9.1% |
| JM Flexicap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹4228.30 Cr | 58.2% |
| JM Tax Gain Fund Direct Growth Very High Risk | 1.1% | 0.0% | ₹181.35 Cr | 51.6% |
| JM Midcap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1682.24 Cr | 56.9% |
| JM Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹200.81 Cr | 6.7% |
| JM Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹129.03 Cr | 7.9% |
Risk Level
Your principal amount will be at Very High Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
What is the current NAV of JM Tax Gain Fund Regular Growth?
What are the returns of JM Tax Gain Fund Regular Growth?
What is the portfolio composition of JM Tax Gain Fund Regular Growth?
Who manages the JM Tax Gain Fund Regular Growth?
- Asit Bhandarkar
- Gurvinder Wasan
- Chaitanya Choksi
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.