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Fund Overview

Fund Size

Fund Size

₹121 Cr

Expense Ratio

Expense Ratio

2.37%

ISIN

ISIN

INF192K01650

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

31 Mar 2008

About this fund

JM Tax Gain Fund Regular Growth is a ELSS (Tax Savings) mutual fund schemes offered by JM Financial Mutual Fund. This fund has been in existence for 16 years and 15 days, having been launched on 31-Mar-08.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹41.58, Assets Under Management (AUM) of 120.56 Crores, and an expense ratio of 2.37%.
  • JM Tax Gain Fund Regular Growth has given a CAGR return of 9.30% since inception.
  • The fund's asset allocation comprises around 97.07% in equities, 0.00% in debts, and 2.93% 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

+46.04%

+38.63%(Cat. Avg.)

3 Years

+22.56%

+20.85%(Cat. Avg.)

5 Years

+19.60%

+17.41%(Cat. Avg.)

10 Years

+17.92%

+16.35%(Cat. Avg.)

Since Inception

+9.30%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity117.02 Cr97.07%
Others3.54 Cr2.93%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity6.68 Cr5.23%
ICICI Bank LtdEquity6.67 Cr5.21%
Larsen & Toubro LtdEquity5.83 Cr4.56%
Infosys LtdEquity5.13 Cr4.01%
Tata Motors Ltd Class AEquity3.78 Cr2.96%
Treps-Triparty RepoCash - Repurchase Agreement3.59 Cr2.81%
Power Finance Corp LtdEquity3.48 Cr2.72%
State Bank of IndiaEquity3.42 Cr2.67%
Thermax LtdEquity3.31 Cr2.59%
NTPC LtdEquity3.26 Cr2.55%
Bank of BarodaEquity3.25 Cr2.54%
Bharti Airtel LtdEquity3.07 Cr2.40%
R K Swamy LtdEquity2.86 Cr2.24%
Thomas Cook India LtdEquity2.83 Cr2.21%
Cummins India LtdEquity2.8 Cr2.19%
UltraTech Cement LtdEquity2.78 Cr2.17%
Zomato LtdEquity2.72 Cr2.13%
Hitachi Energy India Ltd Ordinary SharesEquity2.53 Cr1.98%
Sterling and Wilson Renewable Energy LtdEquity2.51 Cr1.96%
Newgen Software Technologies LtdEquity2.39 Cr1.87%
Signatureglobal (India) LtdEquity2.38 Cr1.86%
Varun Beverages LtdEquity2.38 Cr1.86%
Linde India LtdEquity2.28 Cr1.78%
Jyothy Labs LtdEquity2.25 Cr1.76%
Trent LtdEquity2.21 Cr1.73%
Firstsource Solutions LtdEquity2.2 Cr1.72%
Voltas LtdEquity2.15 Cr1.68%
Schneider Electric Infrastructure LtdEquity2.11 Cr1.65%
PCBL LtdEquity2.07 Cr1.62%
VIP Industries LtdEquity2.02 Cr1.58%
Bajaj Finance LtdEquity1.99 Cr1.56%
Dhanuka Agritech LtdEquity1.96 Cr1.53%
Tech Mahindra LtdEquity1.95 Cr1.53%
PVR INOX LtdEquity1.86 Cr1.45%
JSW Energy LtdEquity1.85 Cr1.45%
Mrs Bectors Food Specialities Ltd Ordinary SharesEquity1.84 Cr1.44%
SAMHI Hotels LtdEquity1.84 Cr1.44%
Orchid Pharma LtdEquity1.81 Cr1.42%
Phoenix Mills LtdEquity1.78 Cr1.39%
Housing & Urban Development Corp LtdEquity1.78 Cr1.39%
SKF India LtdEquity1.77 Cr1.39%
Azad Engineering LtdEquity1.73 Cr1.36%
Global Health LtdEquity1.72 Cr1.34%
Blue Star LtdEquity1.64 Cr1.29%
Kalyani Steels LtdEquity1.58 Cr1.24%
Poonawalla Fincorp LtdEquity1.58 Cr1.24%
Titagarh Rail Systems LtdEquity1.38 Cr1.08%
JK Cement LtdEquity1.35 Cr1.05%
Suzlon Energy LtdEquity1.33 Cr1.04%
Net Current AssetsCash0.16 Cr0.12%

Allocation By Market Cap (Equity)

Large Cap Stocks

43.11%

Mid Cap Stocks

20.70%

Small Cap Stocks

31.02%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services28.84 Cr22.56%
Industrials24.07 Cr18.83%
Technology16.71 Cr13.07%
Consumer Cyclical15.4 Cr12.05%
Basic Materials12.02 Cr9.40%
Communication Services7.79 Cr6.09%
Consumer Defensive6.46 Cr5.06%
Utilities5.11 Cr4.00%
Real Estate4.16 Cr3.25%
Healthcare3.53 Cr2.76%

Risk & Performance Ratios

Standard Deviation

This fund

13.31%

Cat. avg.

12.78%

Lower the better

Sharpe Ratio

This fund

1.07

Cat. avg.

1.01

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.93

Higher the better

Fund Managers

AB

Asit Bhandarkar

Since December 2021

GW

Gurvinder Wasan

Since December 2022

CC

Chaitanya Choksi

Since July 2014

Additional Scheme Detailsas of 31st March 2024

ISININF192K01650Expense Ratio2.37%Exit LoadNo ChargesFund Size₹121 CrAge31 Mar 2008Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkS&P BSE 500 India TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4016.44 Cr35.9%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4016.44 Cr34.4%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹35473.88 Cr38.2%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹3174.82 Cr34.5%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.8%0.0%₹3174.82 Cr33.0%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹47.16 Cr40.2%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.5%0.0%₹47.16 Cr37.9%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹279.40 Cr55.7%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹279.40 Cr52.9%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1603.92 Cr29.9%

About the AMC

Total AUM

₹5,841 Cr

Address

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

Other Funds by JM Financial Mutual Fund

Fund nameExpense RatioExit LoadFund 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

0.3%0.0%₹126.72 Cr8.0%
JM Equity Hybrid Fund Direct Growth

Very High Risk

0.3%1.0%₹202.40 Cr52.8%
JM Focused Fund Direct Growth

Very High Risk

0.8%1.0%₹84.55 Cr52.2%
JM Value Fund Direct Growth

Very High Risk

0.8%1.0%₹580.51 Cr62.1%
JM Low Duration Fund Direct Growth

Low to Moderate Risk

0.5%0.0%₹236.45 Cr7.3%
JM Large Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹99.50 Cr45.8%
JM Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1590.44 Cr7.3%
JM Dynamic Bond Fund Direct Growth

Moderate Risk

0.6%0.0%₹42.76 Cr6.3%
JM Medium to Long Duration Fund Direct Growth

Moderate Risk

0.5%0.0%₹22.31 Cr6.6%
JM Flexicap Fund Direct Growth

Very High Risk

0.2%1.0%₹1656.84 Cr61.5%
JM Tax Gain Fund Direct Growth

Very High Risk

0.9%0.0%₹120.56 Cr47.6%
JM Midcap Fund Direct Growth

Very High Risk

0.3%1.0%₹809.54 Cr64.8%
JM Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹249.69 Cr6.8%
JM Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹124.83 Cr6.8%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of JM Tax Gain Fund Regular Growth, as of 12-Apr-2024, is ₹41.58.
The fund has generated 46.04% over the last 1 year and 22.56% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 97.07% in equities, 0.00% in bonds, and 2.93% in cash and cash equivalents.
The fund managers responsible for JM Tax Gain Fund Regular Growth are:-
  1. Asit Bhandarkar
  2. Gurvinder Wasan
  3. Chaitanya Choksi