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Fincash » Mutual Funds » Jm Tax Gain Fund

Jm Tax Gain Fund - G

NAV  ₹49.5915 ↓ -0.13  (-0.26 %) as on 16 Jul 24

Scheme Objective

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.

JM Tax Gain Fund is a Equity - ELSS fund launched on 31 Mar 08. It is a fund with Moderately High risk and has given a CAGR return of 10.3% since its launch.  Ranked 18 in ELSS category.  Return for 2023 was 30.9% , 2022 was 0.5% and 2021 was 32.2% .

Below is the key information for JM Tax Gain Fund

NAV as on 16 Jul 24₹49.5915 ↓ -0.13  (-0.26 %)
Net Assets (AUM) as on 31 May 2024 ₹146 Cr.
Launch Date31 Mar 2008
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCJM Financial Asset Management Limited
Alpha Ratio9.68
Expense Ratio2.43 %
Sharpe Ratio2.625
Information Ratio0.65
BenchmarkNot Available
Min Investment ₹500
Min SIP Investment ₹500
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.9%
3 Month 20.4%
6 Month 26.9%
1 Year 50.6%
3 Year 24.2%
5 Year 23.9%
10 Year
15 Year
Since launch 10.3%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 30.9%
2022 0.5%
2021 32.2%
2020 18.3%
2019 14.9%
2018 -4.6%
2017 42.6%
2016 5.2%
2015 -0.6%

Growth of 10k Over Years

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,935
30 Jun 21₹14,283
30 Jun 22₹14,168
30 Jun 23₹18,523
30 Jun 24₹27,569
Jm Tax Gain Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.74%
Equity99.26%
Jm Tax Gain Fund Asset Allocation

Sector Allocation

SectorValue
Industrials23.1%
Financial Services19.45%
Consumer Cyclical14.47%
Basic Materials13.14%
Technology9.93%
Consumer Defensive5.73%
Communication Services5.65%
Real Estate3.33%
Health Care2.39%
Utility2.09%
Jm Tax Gain Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK
Banks - Regional4%₹6 Cr39,131
↓ -2,250
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK
Banks - Regional4%₹6 Cr50,975
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT
Engineering & Construction4%₹6 Cr15,500
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 532810
Credit Services4%₹5 Cr105,625
↑ 16,500
State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN
Banks - Regional3%₹4 Cr45,400
Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR
Auto Manufacturers2%₹4 Cr57,500
Thermax Ltd (Industrials)
Equity, Since 31 Dec 23 | THERMAX
Specialty Industrial Machinery2%₹4 Cr6,500
↓ -900
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL
Telecom Services2%₹3 Cr25,000
Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | HUDCO
Credit Services2%₹3 Cr125,000
Cummins India Ltd (Industrials)
Equity, Since 31 Oct 21 | 500480
Specialty Industrial Machinery2%₹3 Cr9,500
↓ -1,500
1 - 10 of 57
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Fund Managers

NameSinceTenure
Asit Bhandarkar31 Dec 212.42 Yr.
Gurvinder Wasan1 Dec 221.5 Yr.
Chaitanya Choksi18 Jul 149.88 Yr.

Custodians

CompanyAddress
HDFC Bank LtdHDFC Bank House,Kamala Mills Compound,Senapati Bapat Marg,,Lower Parel (W),

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
JM Financial Mutual FundOffice B, 8th Floor, Cnergy,,Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Mumbai 400 051

Auditors

CompanyAddress
Haribhakti & Co. Chartered Accountants42, Free Press House,4th Floor,,215, Nariman Point,
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
JM Tax Gain Fund
Growth
₹49.5915
↓ -0.13
26.9 %50.58 %24.19 %23.88 %
JM Tax Gain Fund
Normal Dividend, Payout
₹49.591
↓ -0.13
26.9 %50.58 %24.19 %23.88 %
Data as on 16 Jul 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.