JM Tax Gain Direct Plan Growth

Equity
ELSS
Very High Risk
3Y Lock In
15.32%
3Y annualised
+0.19% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 02 Feb 2023₹31.11
Min. SIP amount₹500
Rating3
Fund size₹72.14Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-3.1%15.3%12.3%15.6%
Category average-1.7%14.6%9.0%NA
Rank with in category26199NA
Understand terms

Holdings (38)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity9.2%
Infosys Ltd.TechnologyEquity6.1%
Axis Bank Ltd.FinancialEquity4.9%
ICICI Bank Ltd.FinancialEquity4.7%
Ultratech Cement Ltd.ConstructionEquity3.9%
State Bank of IndiaFinancialEquity3.4%
Larsen & Toubro Ltd.ConstructionEquity3.3%
Indian Oil Corporation Ltd.EnergyEquity3.0%
Reliance Industries Ltd.EnergyEquity3.0%
Gujarat Gas Ltd.EnergyEquity2.9%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

3Y, 5Y and 10Y annualised returns higher than category average
1Y annualised returns lower than category average by 0.39%
Exit load is zero
Lock-in period: 3Y
Higher expense ratio: 1.52%

Expense ratio, exit load and tax

Expense ratio: 1.52%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

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

Fund management

Asit Bhandarkar
Dec 2021 - Present
View details

Education
Mr. Bhandarkar is a B.Com (H) and MMS.
Experience
Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
Also manages these schemes

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

Gurvinder Singh Wasan
Dec 2022 - Present
View details

Education
Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience
Prior to joining Principal Mutual Fund, he has worked with Crisil Ltd. and ICICI Bank Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Office B-8th Floor-Cnergy,Appasaheb Marathe Marg,Prabhadevi, Mumbai 400025
Phone
022-33797777 / 1800-103-8345
Launch Date
15 Sep 1994
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,

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