Name: JM Tax Gain Direct Plan Growth
Brand: JM Financial Mutual Fund

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JM Tax Gain Direct Plan Growth
Equity
ELSS
Very High Risk
3Y Lock In
21.95%
3Y annualised
+0.55% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 01 Dec 2021₹31.16
Min. SIP amount₹500
Rating4
Fund size₹66.29Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns39.2%21.9%19.7%17.8%
Category average54.9%14.2%14.3%NA
Rank with in category2277NA
Understand terms
Holdings (39)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity5.5%
Reliance Industries Ltd.
EnergyEquity5.4%
Infosys Ltd.
TechnologyEquity5.0%
Larsen & Toubro Ltd.
ConstructionEquity4.7%
Bajaj Finance Ltd.
FinancialEquity3.8%
Kotak Mahindra Bank Ltd.
FinancialEquity3.4%
Bajaj Finserv Ltd.
FinancialEquity3.3%
Axis Bank Ltd.
FinancialEquity3.1%
State Bank of India
FinancialEquity3.1%
Mahindra & Mahindra Financial Services Ltd.
FinancialEquity3.0%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
3Y and 5Y annualised returns higher than category average
Higher alpha: 3.65
The fund has generated returns higher than benchmark - S&P BSE 500 TRI - in the last 3Y 
Exit load is zero
Lower expense ratio: 1.69%
Cons
Lower AUM: 66Cr.
Funds with lower AUM tend to have higher expense ratio
Lock-in period: 3Y
1Y annualised returns lower than category average by 6.74%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Oct 2021 - Present
1.69%
30 Sep 2021 - 31 Oct 2021
1.69%
31 Aug 2021 - 30 Sep 2021
1.69%
31 Jul 2021 - 31 Aug 2021
1.69%
Expense ratio, exit load and taxExpense ratio: 1.69%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationUpto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementSanjay Kumar Chhabaria
Jan 2013 - Present
View details
Education
He is a PGDBA and CFA.
Experience
Prior to joining JM Financials he has worked with Lotus India AMC, SBI Funds Management, Religare Invesco AMC, SMIFS Securities and IDBI Capital Markets.
Also manages these schemes
JM Equity Hybrid Fund IDCW
JM Equity Hybrid Fund Growth
JM Arbitrage Fund Growth
JM Arbitrage Fund IDCW
JM Tax Gain Fund IDCW
JM Tax Gain Fund Growth
JM Flexicap Fund Growth
JM Flexicap Fund IDCW
JM Arbitrage Fund Direct IDCW
JM Arbitrage Fund Direct Growth
JM Equity Hybrid Fund Direct IDCW
JM Equity Hybrid Fund Direct Growth
JM Flexicap Fund Direct Plan IDCW
JM Flexicap Fund Direct Plan Growth
JM Tax Gain Direct Plan IDCW
JM Tax Gain Direct Plan Growth
JM Arbitrage Fund Bonus
JM Arbitrage Fund Direct Bonus
JM Equity Hybrid Fund Direct Annual Bonus
JM Equity Hybrid Fund IDCW Yearly
JM Equity Hybrid Fund Direct IDCW Yearly
JM Arbitrage Fund Annual Bonus
JM Arbitrage Fund Direct Annual Bonus
JM Arbitrage Fund Quarterly Bonus
JM Arbitrage Fund Direct Half Yearly Bonus
JM Arbitrage Fund Direct Quarterly Bonus
JM Arbitrage Fund Half Yearly Bonus
JM Equity Hybrid Fund Bonus
JM Equity Hybrid Fund Direct Bonus
JM Equity Hybrid Fund Direct IDCW Half Yearly
JM Equity Hybrid Fund Half Yearly Bonus
JM Equity Hybrid Fund IDCW Monthly
JM Equity Hybrid Fund IDCW Quarterly
JM Equity Hybrid Fund Direct IDCW Quarterly
JM Equity Hybrid Fund Annual Bonus
JM Equity Hybrid Fund IDCW Half Yearly
JM Equity Hybrid Fund Direct Half Yearly Bonus
JM Equity Hybrid Fund Quarterly Bonus
JM Equity Hybrid Fund Direct Quarterly Bonus
JM Equity Hybrid Fund Direct IDCW Monthly
JM Arbitrage Fund IDCW Yearly
JM Arbitrage Fund IDCW Monthly
JM Arbitrage Fund IDCW Quarterly
JM Arbitrage Fund IDCW Half Yearly
JM Arbitrage Fund Direct IDCW Half Yearly
JM Arbitrage Fund Direct IDCW Monthly
JM Arbitrage Fund Direct IDCW Yearly
JM Arbitrage Fund Direct IDCW Quarterly
Chaitanya Choksi
Jul 2014 - Present
View details
Education
Mr. Choksi is a MMS (Finance) and CFA.
Experience
Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.
Also manages these schemes
JM Large Cap Fund IDCW
JM Large Cap Fund Growth
JM Equity Hybrid Fund IDCW
JM Equity Hybrid Fund Growth
JM Arbitrage Fund Growth
JM Arbitrage Fund IDCW
JM Tax Gain Fund IDCW
JM Tax Gain Fund Growth
JM Core 11 Fund IDCW
JM Core 11 Fund Growth
JM Arbitrage Fund Direct IDCW
JM Arbitrage Fund Direct Growth
JM Equity Hybrid Fund Direct IDCW
JM Equity Hybrid Fund Direct Growth
JM Core 11 Direct Plan IDCW
JM Core 11 Direct Plan Growth
JM Large Cap Fund Direct Plan IDCW
JM Large Cap Fund Direct Plan Growth
JM Tax Gain Direct Plan IDCW
JM Tax Gain Direct Plan Growth
JM Arbitrage Fund Bonus
JM Arbitrage Fund Direct Bonus
JM Equity Hybrid Fund Direct Annual Bonus
JM Equity Hybrid Fund IDCW Yearly
JM Equity Hybrid Fund Direct IDCW Yearly
JM Arbitrage Fund Annual Bonus
JM Arbitrage Fund Direct Annual Bonus
JM Arbitrage Fund Quarterly Bonus
JM Arbitrage Fund Direct Half Yearly Bonus
JM Arbitrage Fund Direct Quarterly Bonus
JM Arbitrage Fund Half Yearly Bonus
JM Equity Hybrid Fund Bonus
JM Equity Hybrid Fund Direct Bonus
JM Equity Hybrid Fund Direct IDCW Half Yearly
JM Equity Hybrid Fund Half Yearly Bonus
JM Equity Hybrid Fund IDCW Monthly
JM Equity Hybrid Fund IDCW Quarterly
JM Equity Hybrid Fund Direct IDCW Quarterly
JM Equity Hybrid Fund Annual Bonus
JM Equity Hybrid Fund IDCW Half Yearly
JM Equity Hybrid Fund Direct Half Yearly Bonus
JM Equity Hybrid Fund Quarterly Bonus
JM Equity Hybrid Fund Direct Quarterly Bonus
JM Equity Hybrid Fund Direct IDCW Monthly
JM Large Cap Fund IDCW Quarterly
JM Large Cap Fund IDCW Half Yearly
JM Large Cap Fund Direct Plan IDCW Monthly
JM Large Cap Fund Direct Plan IDCW Half Yearly
JM Large Cap Fund Direct Plan IDCW Yearly
JM Large Cap Fund IDCW Monthly
JM Large Cap Fund Direct Plan IDCW Quarterly
JM Large Cap Fund IDCW Yearly
JM Arbitrage Fund IDCW Yearly
JM Arbitrage Fund IDCW Monthly
JM Arbitrage Fund IDCW Quarterly
JM Arbitrage Fund IDCW Half Yearly
JM Arbitrage Fund Direct IDCW Half Yearly
JM Arbitrage Fund Direct IDCW Monthly
JM Arbitrage Fund Direct IDCW Yearly
JM Arbitrage Fund Direct IDCW Quarterly
Fund house & investment objective
JM Financial Mutual Fund
Rank (total assets)#32 in India
Total AUM₹2,170.00Cr
Date of Incorporation15 Sep 1994
JM Tax Gain Direct Plan Growth is a Equity Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 15 
JM Tax Gain Direct Plan Growth is a Equity Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 15 Sep 1994. Sanjay Kumar Chhabaria, Chaitanya Choksi is the Current Fund Manager of JM Tax Gain Direct Plan Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,170 Cr and the Latest NAV as of 01 Dec 2021 is ₹31.16.
The JM Tax Gain Direct Plan Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500. ...Read more
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 eq
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.
...Read more
Fund benchmarkS&P BSE 500 TRI
Scheme Information Document(SID)
Fund house contact details
Address
Office B, 8th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Mumbai 400 051
Phone
022-61987777
Launch Date
15 Sep 1994
E-mail
[email protected]
Website
NA
JM Financial Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	39.2%	21.9%	19.7%	17.8%
Category average	54.9%	14.2%	14.3%	NA
Rank with in category	22	7	7	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	5.5%
Reliance Industries Ltd.	Energy	Equity	5.4%
Infosys Ltd.	Technology	Equity	5.0%
Larsen & Toubro Ltd.	Construction	Equity	4.7%
Bajaj Finance Ltd.	Financial	Equity	3.8%
Kotak Mahindra Bank Ltd.	Financial	Equity	3.4%
Bajaj Finserv Ltd.	Financial	Equity	3.3%
Axis Bank Ltd.	Financial	Equity	3.1%
State Bank of India	Financial	Equity	3.1%
Mahindra & Mahindra Financial Services Ltd.	Financial	Equity	3.0%

Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	4
Fund size	₹66.29Cr