JM Tax Gain Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 19-11-2024
₹ 53.79
▲0.7%
1D
Inception Returns
18.5%
/yr
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, Gurvinder Wasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Tax Gain Fund Direct Growth has ₹181 Cr worth of assets under management (AUM) as on Oct 2024 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 18.52% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.60%, 18.15% and 22.36% respectively.
Holdings
JM Tax Gain Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Consumer Defensive, Health, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, Infosys Ltd, ICICI Bank Ltd, Larsen & Toubro 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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
Historical NAV & Returns
Annualised
▲
▼
353 people have invested ₹ 14.5L in JM Tax Gain Fund Direct Growth in the last three months
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
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
JM Tax Gain Fund Direct Growth Overview
| Expense ratio | 1.27% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹181 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 126.64% |
| STCG | Redeeming 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 |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
48.8%
Small cap
33.6%
Mid cap
15%
Sector Allocation
Financial Services
19.7%
Industrial
18.6%
Consumer Cyclical
14.2%
Tech
13.2%
Basic Materials
12.9%
Consumer Defensive
8%
Health
7.3%
Communication
3.2%
Utilities
1.8%
Real Estate
1.1%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.44% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.08% in Oct'24
- AUM of the fund stands at 186.7 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Tech Mahindra Ltd's allocation increased from 0.97% to 1.91%
Bajaj Auto Ltd's allocation increased from 1.45% to 2.2%
Bharti Airtel Ltd's allocation increased from 2.12% to 2.74%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 5.39 % to 5.29 %
Infosys Ltd's allocation decreased from 4.97 % to 4.8 %
Newgen Software Technologies Ltd's allocation decreased from 2.28 % to 2.25 %
Large Cap allocation has gone up from 47.1% to 48.8%
Small Cap allocation has gone down from 34.1% to 33.6%
Mid Cap allocation has gone down from 17.1% to 15%
Cash allocation has gone down from 0.7% to 0.2%
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
Oct'24
Financial Services
20%
Industrial
19%
Consumer Cyclical
14%
Sep'24
Financial Services
20%
Industrial
20%
Consumer Cyclical
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.29% | -5.2% | |
 Infosys Ltd | 4.8% | 0% | |
 ICICI Bank Ltd | 4% | 9.8% | |
 Larsen & Toubro Ltd | 3.35% | 0% | |
 State Bank of India | 2.85% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Deepak Fertilizers & Petrochemicals Corp Ltd | 28.5% |
 Neuland Laboratories Ltd | 9.3% |
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Asit Bhandarkar
Fund Manager of JM Tax Gain Fund Direct Growth, since 31 December 2021
Top funds managed
Gurvinder Wasan
Fund Manager of JM Tax Gain Fund Direct Growth, since 1 December 2022
Top funds managed
Fund House
JM Financial Asset Management Limited
Total Schemes
Total AUM
₹36.23K Cr
as on 31-Oct-2024
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 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.38% return, outperforming this fund by 14.78%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.69% return, outperforming this fund by 6.54% per annum.
Over the last 6 months, this fund has experienced a 28.2% growth in AUM moving from 141.14 Cr to 180.91 Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 9.88% 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 1.29%.
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 18.52% since inception which is more than its category average return of 15.59%
Fund Allocations
This fund has an allocation of 99.76% in Equity, 0% in Debt and 0.24% in Cash related instruments
AUM size ₹181 Cr
This fund has AUM of ₹181 Cr which is less than its category average of ₹ 3983 Cr
Expense Ratio 1.27%
This fund has an expense ratio of 1.27% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for JM Tax Gain Fund Direct Growth
The current NAV of JM Tax Gain Fund Direct Growth is ₹53.79 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
JM Tax Gain Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.75% | -6.75% |
6 Month Returns | 6.75% | 6.75% |
1 Year Returns | 36.6% | 36.6% |
3 Years Returns | 64.91% | 18.15% |
5 Years Returns | 174.26% | 22.36% |
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1.27% as on October 2024
₹181 Cr as on October 2024
HDFC Bank Ltd(5.29%), Infosys Ltd(4.8%), ICICI Bank Ltd(4%), Larsen & Toubro Ltd(3.35%), State Bank of India(2.85%) as on October 2024
Financial Services(19.63%), Industrial(18.59%), Consumer Cyclical(14.16%) as on October 2024
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 | 12.03 | 4.5 | 2.98 |
As on October 2024
The alpha for JM Tax Gain Fund Direct Growth is calculated against S&P BSE 200 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 | 0.97 | 0.98 | 0.98 |
As on October 2024
The Beta for JM Tax Gain Fund Direct Growth is calculated with S&P BSE 200 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 | 2.5 | 0.96 | 0.9 |
As on October 2024
The sharpe ratio for JM Tax Gain Fund Direct Growth is calculated with S&P BSE 200 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 | 14.52 | 14.61 | 19.73 |
As on October 2024
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 1.82 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.84 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Asit Bhandarkar, Gurvinder Wasan are the fund managers of JM Tax Gain Fund Direct Growth
The Exit load of JM Tax Gain Fund Direct Growth is 0%