JM Tax Gain Fund - Growth - Regular - Latest NAV [ ₹26.5078 ], Returns, Performance, Portfolio & Returns 2021

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
Average Annualised Returns i
Tax rates i
30%Not taxable10%*
Returns after tax i
Current rate of Inflation i
Real Rate of Return i
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years15.17%
5 Years16.48%
3 Years15.54%
1 Year62.16%
6 Months14.71%
Fund Details
RiskVery High Risk
Fund TypeELSS (Tax Savings)
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd6.07%
Infosys Ltd5.51%
Axis Bank Ltd3.69%
Larsen & Toubro Ltd Shs Dematerialised3.68%
Bajaj Finance Ltd3.55%
Housing Development Finance Corp Ltd3.36%
Kotak Mahindra Bank Ltd3.35%
State Bank of India3.05%
Titan Co Ltd2.98%
Pidilite Industries Ltd Shs Dematerialised2.88%

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.

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Frequently Asked Questions

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Start your investment

Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Very 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