JM ELSS Tax Saver Fund Direct Plan-Growth
(Scheme Rating)
NAV as of Dec 27, 2024
55.580.24%
- Growth - Direct
(Earn upto 1.12% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
1.27%(0.85% Category
average)Fund Size:
Rs. 183.48 Cr(0.08% of Investment in Category)
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JM ELSS Tax Saver Fund Direct Plan-Growth
(Scheme Rating)
NAV as of Dec 27, 2024
55.580.24%
Expense Ratio:
1.27%
Fund Size:
Rs. 183.48 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the JM ELSS Tax Saver Fund - Direct Plan as of Dec 27, 2024 is Rs 55.58 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 33.05% (1yr), 22.02% (3yr), 22.49% (5yr) and 18.49% (since launch). Whereas, Category returns for the same time duration are: 23.1061597411% (1yr), 18.089503817593467% (3yr) and 19.2427610658058% (5yr).
3. Fund Size: The JM ELSS Tax Saver Fund - Direct Plan currently holds Assets under Management worth of Rs 183.4765 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 1.27% for Direct plan as on Nov 30, 2024.
5. Exit Load: JM ELSS Tax Saver Fund - Direct Plan shall attract an Exit Load, "Exit load of 1% if redeemed within 3 months"
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
JM ELSS Tax Saver Fund Direct Plan-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -0.25 -7.23 2.05 31.01 21.46 22.63 Category Avg -0.45 -6.39 1.84 20.76 17.13 19.32 Rank within Category 17 26 20 4 5 7 No. of funds within Category 38 38 38 38 33 33 - Loading...
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Return Comparison
- This Fund
- BenchmarkBSE 500 Index
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JM ELSS Tax Saver Fund Direct Plan-Growth Fund Details
Investment Objective - The scheme aims at achieving long term growth of capital along with income tax relief for investment. At least 80% of the funds will be invested in equity instruments.
| Fund House | JM Financial Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | BSE 500 Index |
| Return Since Launch | 18.55% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | Above Average |
| Return Grade | Above Average |
JM ELSS Tax Saver Fund Direct Plan-Growth Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load Exit load of 1% if redeemed within 3 months | |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
| NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | JUN 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 61 | 61 | 59 | 60 | 57 | 55 |
| Top 5 Company Holdings | 20.54% | 20.29% | 19.78% | 16.55% | 17.21% | 16.58% |
| Top 10 Company Holdings | 32.44% | 31.59% | 30.64% | 27.44% | 28.2% | 27.85% |
| Company with Highest Exposure | HDFC Bank (5.4%) | HDFC Bank (5.29%) | HDFC Bank (5.39%) | Infosys (3.8%) | Infosys (3.82%) | HDFC Bank (4.08%) |
| Number of Sectors | 15 | 16 | 16 | 16 | 16 | 15 |
| Top 3 Sector Holdings | 39.43% | 38.05% | 40.39% | 40.56% | 43.57% | 45.04% |
| Top 5 Sector Holdings | 58.13% | 56.15% | 58.36% | 58.07% | 61.16% | 61.53% |
| Sector with Highest Exposure | Financial (18.63%) | Financial (17.33%) | Financial (17.17%) | Financial (13.65%) | Capital Goods (15.06%) | Financial (16.42%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.39 19.78 90.93 5.45 Infosys Technology 4.97 29.53 64.90 22.66 ICICI Bank Financial 3.47 19.03 68.72 29.99 Larsen & Toubro Construction 3.3 36.68 98.36 2.56 State Bank of India Financial 2.65 9.97 80.18 22.76 Newgen Software Technologies Technology 2.28 - - - Zomato Services 2.2 - - - Hindalco Industries Metals & Mining 2.19 11.11 55.57 0.50 Bharti Airtel Communication 2.12 79.37 20.16 54.32 Trent Services 2.07 139.81 50.91 135.24
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y JM ELSS Tax Saver Fund Direct Plan-Growth 55.58 183.48 -0.25 31.01 21.46 22.63 Parag Parikh ELSS Tax Saver Fund Direct - Growth 32.45 4,385.16 -0.15 21.81 19.27 24.41 Quant ELSS Tax Saver Fund Direct-Growth 391.29 10,799.00 -3.82 11.94 18.79 32.17 SBI Long Term Equity Fund Direct Plan-Growth 459.33 27,847.49 -0.81 30.48 25.68 25.13 DSP ELSS Tax Saver Direct Plan-Growth 149.36 16,835.11 -1.16 26.69 20.80 22.31
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
14.39VS13.32Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.98VS0.91Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.03VS0.96Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
15.16VS14.06Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
4.39VS2.99Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
20.69VS18.56Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
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Fund Manager
- S.R.Satish RamanathanSince Oct 20248 schemes
- A.B.Asit BhandarkarSince Dec 20218 schemes
- C.C.Chaitanya ChoksiSince Jul 20148 schemes
- R.F.Ruchi FozdarSince Oct 202414 schemes
Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA. Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Aggressive Hybrid Fund Direct-Growth Aggressive Hybrid 140.69 719.68 30.24 JM Flexicap Fund Direct Plan-Growth Flexi Cap 117.52 5,012.19 36.21 JM Large Cap Fund Direct Plan-Growth Large Cap 175.14 495.06 18.51 JM Value Fund Direct Plan-Growth Value Oriented 112.63 1,072.74 27.87 JM Focused Direct Plan-Growth Flexi Cap 23.79 211.91 27.84 JM Arbitrage Fund Direct-Growth Arbitrage 33.61 177.82 7.96 JM Small Cap Fund Direct - Growth Small Cap 10.72 Unrated 612.40 - JM Midcap Fund Direct - Growth Mid Cap 20.19 Unrated 1,696.31 37.20 Mr. Bhandarkar is a B.Com (H) and MMS. Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Flexicap Fund Direct Plan-Growth Flexi Cap 117.52 5,012.19 36.21 JM Aggressive Hybrid Fund Direct-Growth Aggressive Hybrid 140.69 719.68 30.24 JM Large Cap Fund Direct Plan-Growth Large Cap 175.14 495.06 18.51 JM Value Fund Direct Plan-Growth Value Oriented 112.63 1,072.74 27.87 JM Focused Direct Plan-Growth Flexi Cap 23.79 211.91 27.84 JM Arbitrage Fund Direct-Growth Arbitrage 33.61 177.82 7.96 JM Midcap Fund Direct - Growth Mid Cap 20.19 Unrated 1,696.31 37.20 JM Small Cap Fund Direct - Growth Small Cap 10.72 Unrated 612.40 - Mr. Choksi is a MMS (Finance) and CFA. Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Large Cap Fund Direct Plan-Growth Large Cap 175.14 495.06 18.51 JM Flexicap Fund Direct Plan-Growth Flexi Cap 117.52 5,012.19 36.21 JM Aggressive Hybrid Fund Direct-Growth Aggressive Hybrid 140.69 719.68 30.24 JM Value Fund Direct Plan-Growth Value Oriented 112.63 1,072.74 27.87 JM Focused Direct Plan-Growth Flexi Cap 23.79 211.91 27.84 JM Arbitrage Fund Direct-Growth Arbitrage 33.61 177.82 7.96 JM Small Cap Fund Direct - Growth Small Cap 10.72 Unrated 612.40 - JM Midcap Fund Direct - Growth Mid Cap 20.19 Unrated 1,696.31 37.20 Ms. Ruchi is a graduate in science and PGDBM in finance Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y JM Flexicap Fund Direct Plan-Growth Flexi Cap 117.52 5,012.19 36.21 JM Aggressive Hybrid Fund Direct-Growth Aggressive Hybrid 140.69 719.68 30.24 JM Large Cap Fund Direct Plan-Growth Large Cap 175.14 495.06 18.51 JM Value Fund Direct Plan-Growth Value Oriented 112.63 1,072.74 27.87 JM Low Duration Fund Direct Plan-Growth Low Duration 36.50 231.17 7.76 JM Focused Direct Plan-Growth Flexi Cap 23.79 211.91 27.84 JM Short Duration Fund Direct - Growth Short Duration 11.73 124.00 7.84 JM Dynamic Bond Fund Direct-Growth Dynamic Bond 42.10 44.16 8.44 JM Arbitrage Fund Direct-Growth Arbitrage 33.61 177.82 7.96 JM Liquid Fund Direct-Growth Liquid 69.51 3,204.70 7.34 JM Overnight Fund Direct - Growth Overnight 1,275.15 146.63 6.66 JM Medium to Long Duration Fund Direct-Growth Medium to Long Duration 65.69 27.50 8.49 JM Midcap Fund Direct - Growth Mid Cap 20.19 Unrated 1,696.31 37.20 JM Small Cap Fund Direct - Growth Small Cap 10.72 Unrated 612.40 -
More JM Financial Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| JM Flexicap Fund Direct Plan-Growth | 4,721.61 | -4.22 | -2.84 | 13.60 | 48.27 | 24.92 | |
| JM Liquid Fund Direct-Growth | 3,171.58 | 0.58 | 1.77 | 3.59 | 7.39 | 6.28 | |
| JM Midcap Fund Direct - Growth | 1,691.09 | -5.01 | -2.52 | 13.56 | 46.62 | - | |
| JM Value Fund Direct Plan-Growth | 1,066.84 | -4.78 | -4.92 | 12.29 | 42.32 | 24.16 | |
| JM Aggressive Hybrid Fund Direct-Growth | 678.92 | -3.34 | -1.41 | 10.98 | 39.27 | 21.58 | |
| JM Small Cap Fund Direct - Growth | 580.69 | -5.54 | 0.92 | - | - | - | |
| JM Large Cap Fund Direct Plan-Growth | 456.66 | -4.00 | -4.43 | 7.64 | 34.26 | 15.80 | |
| JM Overnight Fund Direct - Growth | 245.04 | 0.53 | 1.60 | 3.25 | 6.68 | 5.84 | |
| JM Low Duration Fund Direct Plan-Growth | 225.71 | 0.61 | 1.92 | 3.97 | 7.73 | 6.31 | |
| JM Focused Direct Plan-Growth | 196.38 | -4.09 | -2.81 | 9.96 | 35.80 | 18.45 |
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1. JM ELSS Tax Saver Fund - Direct Plan is Open-ended ELSS Equity scheme which belongs to JM Financial Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims at achieving long term growth of capital along with income tax relief for investment. At least 80% of the funds will be invested in equity instruments. "
2. It is benchmarked against BSE 500 Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.45% in equities, 0.0% in debts and 0.54544844% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 30.64% of the assets, the top 3 sectors constitute around 39.43% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on JM ELSS Tax Saver Fund Direct Plan-Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about JM ELSS Tax Saver Fund Direct Plan-Growth
- Is it safe to invest in JM ELSS Tax Saver Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the JM ELSS Tax Saver Fund - Direct Plan comes under Very High risk category.
- What is the category of JM ELSS Tax Saver Fund - Direct Plan?JM ELSS Tax Saver Fund - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in JM ELSS Tax Saver Fund - Direct Plan?The suggested investment horizon of investing into JM ELSS Tax Saver Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the JM ELSS Tax Saver Fund - Direct Plan?The JM ELSS Tax Saver Fund - Direct Plan is managed by Satish Ramanathan (Since Oct 01, 2024) , Asit Bhandarkar (Since Dec 28, 2021) , Chaitanya Choksi (Since Jul 25, 2014) and Ruchi Fozdar (Since Oct 04, 2024).
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