JM Tax Gain Fund - Growth - Latest NAV ₹13.3932, Returns, Performance & Portfolio

JM Tax Gain Fund - Growth

  • highlight
    2%
  • highlight
    (+0.01)13.3932

Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Tax Saving FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
Returns after tax i
4.2%8.00%10.80%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%4.00%6.80%
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years6.34%
5 Years2%
3 Years-1.81%
1 Year-21.19%
6 Months-23.02%
Fund Details
ISININF192K01650
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV13.3932
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd9%
Bajaj Finance Ltd5.46%
Pidilite Industries Ltd4.1%
Asian Paints Ltd4.05%
Titan Co Ltd3.9%
Kotak Mahindra Bank Ltd3.7%
Shree Cement Ltd3.55%
Trent Ltd3.54%
Housing Development Finance Corp Ltd3.32%
Maruti Suzuki India Ltd3.31%

About JM Tax Gain Fund

JM Tax Gain Fund is an open ended equity linked scheme (ELSS) mutual fund from the house of JM Financial AMC. It attempts at investing in businesses having healthy return ratios, cash flows and sound management, with an aim to provide superior risk adjusted return added advantage of tax savings under section 80C. The fund’s investment objective is to generate long term capital appreciation from diversified and actively managed equity and equity related instruments and to offer tax benefits under Section 80C of the Income Tax Act.

Pros & Cons of JM Tax Gain Fund

JM Tax Gain Fund offers 3 benefits:

  1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
  2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
  3. Being a star-rated fund, it has been able to beat the benchmark and the category in 1 year, 3 year and 5 year time horizons.

Fund Information and Statistics of JM Tax Gain Fund

i) Inception / Launch date

JM Tax Gain Fund was launched on 31 March 2008 by JM Financial Mutual Fund.

ii) Risk level

Being a multi-cap fund, JM Tax Gain Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Mr. Chaitanya Choksi and Mr. Sanjay Kumar Chhabaria, who hold a rich experience in finance domain across prestigious organisations, have been managing the JM Tax Gain Fund since July 2014 and October 2010.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in JM Tax Gain Fund

Tax benefits of investing in JM Tax Gain Fund

JM Tax Gain Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.

About JM Financial Mutual Fund

Since its launch in 1994, the fund house has experienced consistent growth in the past 24 years. Being a value-driven organisation, it has been able to achieve success owing to its principles of sharing trust and maintaining long term relationships with its stakeholders.

Related Articlesstar

Customer Reviewsstar

  • " Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "

    IT Developer, Bangalore
  • " I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "

    Software Engineer, Indore
  • " Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "

    Campus Manager, Bangalore

Invest Now in 3 Easy Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns