JM Tax Gain Fund - Growth
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- 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 FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|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 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|HDFC Bank Ltd||9%|
|Bajaj Finance Ltd||5.46%|
|Pidilite Industries Ltd||4.1%|
|Asian Paints Ltd||4.05%|
|Titan Co Ltd||3.9%|
|Kotak Mahindra Bank Ltd||3.7%|
|Shree Cement Ltd||3.55%|
|Housing Development Finance Corp Ltd||3.32%|
|Maruti Suzuki India Ltd||3.31%|
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:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- 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.
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.
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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