JM Tax Gain Fund Direct Growth
NAV as on 11-04-2025
₹ 49.33
▲2.1%
1D
Inception Returns
17%
/yr
Historical NAV & Returns
Absolute
▲
▼
336 people have invested ₹ 14.7L in JM Tax Gain Fund Direct Growth in the last three months
About JM Tax Gain Fund Direct Growth
JM Tax Gain Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Tax Gain Fund Direct Growth has ₹184 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
JM Tax Gain Fund Direct Growth has given a CAGR return of 17.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.30%, 16.35% and 26.74% respectively.
Holdings
JM Tax Gain Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Tech, Health, Industrial, Consumer Defensive, Communication, Utilities. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, Bajaj Auto Ltd, State Bank of India
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of JM Tax Gain Fund Direct Growth
The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for JM Tax Gain Fund Direct Growth of 3 Years
JM Tax Gain Fund Direct Growth Overview
| Expense ratio | 1.27% |
Benchmark | BSE 500 India TR INR |
| AUM | ₹184 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 126.64% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for JM Tax Gain Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Trailing Returns
as on (11-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
56.2%
Small cap
27.7%
Mid cap
8.9%
Sector Allocation
Financial Services
26.5%
Consumer Cyclical
18%
Basic Materials
13.1%
Tech
12.5%
Industrial
10.4%
Health
10.1%
Consumer Defensive
5%
Communication
3.1%
Utilities
1.3%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 6.64% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 0.61% in Mar'25
- AUM of the fund stands at 167.4 Cr as of Feb'25
- AUM decreased by 12.7 Cr between Feb'25 and Jan'25
Mid Cap allocation has gone down from 10.4% to 8.6%
Large Cap allocation has gone up from 51.3% to 54.8%
Small Cap allocation has gone down from 34.1% to 28.4%
Cash allocation has gone up from 0.1% to 4.8%
Top 3 Sectors in February were Financial Services, Industrial & Basic Materials
Feb'25
Financial Services
27%
Consumer Cyclical
18%
Basic Materials
13%
Jan'25
Financial Services
22%
Industrial
16%
Basic Materials
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.73% | 34.5% | |
 HDFC Bank Ltd | 4.89% | 0% | |
 Infosys Ltd | 3.93% | -5.2% | |
 Bajaj Auto Ltd | 3.13% | 0% | |
 State Bank of India | 3.06% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
JM Tax Gain Fund Direct Growth | 4.3% | 16.35% | 26.74% | 17.05% |
 DSP ELSS Tax Saver Fund Direct Plan Growth | 10.14% | 16.88% | 27.78% | 17.73% |
 SBI Long Term Equity Fund Direct Growth | 3.28% | 21.44% | 29.47% | 16.2% |
 Mirae Asset ELSS Tax Saver Fund -Direct Plan-Growth | 1.96% | 12.3% | 25.64% | 18.55% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Godfrey Phillips India Ltd | 29.4% |
 ICICI Bank Ltd | 5.4% |
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Asit Bhandarkar
Fund Manager of JM Tax Gain Fund Direct Growth, since 31 December 2021
Top funds managed
Fund House
JM Financial Asset Management Limited
Total Schemes
Total AUM
₹38.83K Cr
as on 31-Mar-2025
Address
JM Financial Asset Management Private Limited,502, 5th Floor, A - Wing,,Laxmi Towers, Bandra-Kurla Complex,,Bandra-East
Phone
+912261987777
Website
investor@jmfl.com
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.38% return, outperforming this fund by 8.64% per annum.
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 10.14% return, outperforming this fund by 5.85%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 21.44% return, outperforming this fund by 5.09% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.27% which is lower than the category average expense ratio of 1.3%.
JM Tax Gain Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.05% since inception which is more than its category average return of 14.14%
Fund Allocations
This fund has an allocation of 96.83% in Equity, 0% in Debt and 3.17% in Cash related instruments
AUM size ₹184 Cr
This fund has AUM of ₹184 Cr which is less than its category average of ₹ 4791 Cr
Expense Ratio 1.27%
This fund has an expense ratio of 1.27% which is less than its category average expense ratio of 1.41%
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5Y CAGR
▲ 28.08
5Y CAGR
▲ 28.94
5Y CAGR
▲ 22.12
5Y CAGR
▲ 19.00
1Y CAGR
▲ 5.66
Frequently Asked Questions for JM Tax Gain Fund Direct Growth
The current NAV of JM Tax Gain Fund Direct Growth is ₹49.33 as on 11-Apr-2025.
Existing (Absolute + CAGR) as on 11-Apr-2025.
JM Tax Gain Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.22% | 1.22% |
6 Month Returns | -15.09% | -15.09% |
1 Year Returns | 4.3% | 4.3% |
3 Years Returns | 57.51% | 16.35% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.27% as on March 2025
₹184 Cr as on March 2025
ICICI Bank Ltd(5.73%), HDFC Bank Ltd(4.89%), Infosys Ltd(3.93%), Bajaj Auto Ltd(3.13%), State Bank of India(3.06%) as on March 2025
Financial Services(25.91%), Consumer Cyclical(16.62%), Basic Materials(12.73%) as on March 2025
The alpha ratio for the JM Tax Gain Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
JM Tax Gain Fund Direct Growth | 5.91 | 3.73 | 2.52 |
As on March 2025
The alpha for JM Tax Gain Fund Direct Growth is calculated against BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the JM Tax Gain Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
JM Tax Gain Fund Direct Growth | 1.14 | 1.01 | 0.97 |
As on March 2025
The Beta for JM Tax Gain Fund Direct Growth is calculated with BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the JM Tax Gain Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
JM Tax Gain Fund Direct Growth | 0.32 | 0.71 | 1.31 |
As on March 2025
The sharpe ratio for JM Tax Gain Fund Direct Growth is calculated with BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the JM Tax Gain Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
JM Tax Gain Fund Direct Growth | 19.84 | 16.09 | 16.26 |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.2 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.69 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Asit Bhandarkar is the fund manager of JM Tax Gain Fund Direct Growth
The Exit load of JM Tax Gain Fund Direct Growth is 0%