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Fincash » Mutual Funds » Jm Tax Gain Fund

Jm Tax Gain Fund - G

NAV  ₹27.8876 ↑ 0.26  (0.93 %) as on 17 Mar 23

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 7.1% since its launch.  Ranked 18 in ELSS category.  Return for 2022 was 0.5% , 2021 was 32.2% and 2020 was 18.3% .

Below is the key information for JM Tax Gain Fund

NAV as on 17 Mar 23₹27.8876 ↑ 0.26  (0.93 %)
Net Assets (AUM) as on 28 Feb 2023 ₹71 Cr.
Launch Date31 Mar 2008
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCJM Financial Asset Management Limited
Alpha Ratio-0.39
Expense Ratio2.45 %
Sharpe Ratio-0.096
Information Ratio-0.39
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 17 Mar 23

DurationReturns
1 Month -3.1%
3 Month -4.9%
6 Month -2.1%
1 Year -0.4%
3 Year 22.8%
5 Year 11.9%
10 Year
15 Year
Since launch 7.1%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 0.5%
2021 32.2%
2020 18.3%
2019 14.9%
2018 -4.6%
2017 42.6%
2016 5.2%
2015 -0.6%
2014 54.9%

Growth of 10k Over Years

DateValue
28 Feb 18₹10,000
28 Feb 19₹9,798
29 Feb 20₹11,152
28 Feb 21₹14,320
28 Feb 22₹16,885
28 Feb 23₹17,346
Jm Tax Gain Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash1.85%
Equity98.15%
Jm Tax Gain Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services25.55%
Industrials14.52%
Consumer Cyclical14.16%
Technology12.13%
Basic Materials11.25%
Energy6.68%
Consumer Defensive5.66%
Health Care5.15%
Utility3.05%
Jm Tax Gain Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Aug 18 | INFY
Information Technology Services7%₹5 Cr33,815
↑ 4,850
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK
Banks - Regional7%₹5 Cr32,281
↓ -8,500
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK
Banks - Regional4%₹3 Cr37,825
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO
Building Materials4%₹3 Cr4,050
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT
Engineering & Construction4%₹3 Cr13,200
↑ 1,650
Indian Oil Corp Ltd (Energy)
Equity, Since 30 Nov 22 | IOC
Oil & Gas Refining & Marketing4%₹3 Cr331,000
↑ 44,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | 532215
Banks - Regional4%₹3 Cr30,300
↓ -7,500
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 15 | MARUTI
Auto Manufacturers3%₹2 Cr2,424
↑ 450
Gujarat Gas Ltd (Utilities)
Equity, Since 31 Mar 22 | GUJGASLTD
Utilities - Regulated Gas3%₹2 Cr46,900
↑ 3,800
Reliance Industries Ltd (Energy)
Equity, Since 31 May 21 | RELIANCE
Oil & Gas Refining & Marketing3%₹2 Cr8,450
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Fund Managers

NameSinceTenure
Asit Bhandarkar31 Dec 211.09 Yr.
Chaitanya Choksi25 Jul 148.53 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
₹27.8876
↑ 0.26
-2.13 %-0.4 %22.8 %11.92 %
JM Tax Gain Fund
Normal Dividend, Payout
₹27.8872
↑ 0.26
-2.13 %-0.4 %22.8 %11.92 %
Data as on 17 Mar 23

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