JM ELSS Tax Saver Fund - Direct (G)


ELSS
  • NAV 46.76 (-1.14%)
  • Fund Size (Cr) ₹127.83
  • Expense Ratio 0.92
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹500
  • Minimum Additional Investment ₹500
  • Minimum SIP Investment ₹500
  • Minimum Withdrawal ₹0
  • Exit Load 1%
  • Return Since Launch 18.01%

Basic Details

Scheme Manager
Gurvinder Singh Wasan
Bench Mark
S&P BSE 500 TRI
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 05-Apr-24
  • 9965.94
  • -0.34%
  • -
  • 0.33%
  • 215/225
  • 1 Month
  • 12-Mar-24
  • 10460.55
  • 4.61%
  • -
  • 3.76%
  • 70/225
  • 3 Month
  • 12-Jan-24
  • 10714.58
  • 7.15%
  • -
  • 5.27%
  • 43/225
  • 6 Month
  • 12-Oct-23
  • 12083.28
  • 20.83%
  • -
  • 18.65%
  • 68/225
  • 1 Year
  • 12-Apr-23
  • 14763.30
  • 47.63%
  • 47.63%
  • 41.68%
  • 51/221
  • 3 Year
  • 12-Apr-21
  • 18936.03
  • 89.36%
  • 23.72%
  • 23.45%
  • 78/215
  • 5 Year
  • 12-Apr-19
  • 25554.43
  • 155.54%
  • 20.64%
  • 19.16%
  • 72/209
  • Since Inception
  • 02-Jan-13
  • 64754.88
  • 547.55%
  • 18.01%
  • 16.91%
  • 64/225

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 02-May-23
  • 120000
  • 144255.54
  • 20.21%
  • 20.21%
  • 3 Year
  • 03-May-21
  • 360000
  • 515675.77
  • 43.24%
  • 12.73%
  • 5 Year
  • 02-May-19
  • 600000
  • 1102669.40
  • 83.78%
  • 12.94%
  • 10 Year
  • 02-May-14
  • 1200000
  • 3205004.08
  • 167.08%
  • 10.32%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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Risk Ratios

  • Standard Deviation
    3.84%
  • Beta
    0.94%
  • Sharpe Ratio
    1.03%
  • Treynor’s Ratio
    0.17%
  • Jension’s Alpha
    2.54%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • HDFC Bank
  • 5.23%
  • 46131
  • 6.68
  • Equity
  • Banks
  • ICICI Bank
  • 5.21%
  • 60975
  • 6.67
  • Equity
  • Banks
  • Larsen & Toubro
  • 4.56%
  • 15500
  • 5.83
  • Equity
  • Infrastructure Developers & Operators
  • Infosys
  • 4.01%
  • 34215
  • 5.13
  • Equity
  • IT - Software
  • Tata Motors-DVR
  • 2.96%
  • 57500
  • 3.78
  • Equity
  • Automobile
  • Power Fin.Corpn.
  • 2.72%
  • 89125
  • 3.48
  • Equity
  • Finance
  • St Bk of India
  • 2.67%
  • 45400
  • 3.42
  • Equity
  • Banks
  • Thermax
  • 2.59%
  • 7900
  • 3.31
  • Equity
  • Capital Goods-Non Electrical Equipment
  • NTPC
  • 2.55%
  • 97000
  • 3.26
  • Equity
  • Power Generation & Distribution
  • Bank of Baroda
  • 2.54%
  • 123000
  • 3.25
  • Equity
  • Banks

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • JM ELSS Tax Saver Fund - Direct (G)
  • Stars
  • 127.83
  • 4.61%
  • 7.15%
  • 20.83%
  • 47.63%
  • 23.72%
  • Quant ELSS Tax Saver Fund - Direct (IDCW)
  • Stars
  • 8341.96
  • 4.92%
  • 12.49%
  • 34.23%
  • 62.62%
  • 33.94%
  • Quant ELSS Tax Saver Fund - Direct (G)
  • Stars
  • 8341.96
  • 4.92%
  • 12.48%
  • 34.23%
  • 62.62%
  • 33.93%
  • SBI Long Term Equity Fund - Direct (IDCW)
  • Stars
  • 21976.26
  • 3.39%
  • 11.99%
  • 30.68%
  • 61.43%
  • 30.18%
  • SBI Long Term Equity Fund - Direct (G)
  • Stars
  • 21976.26
  • 3.39%
  • 11.99%
  • 30.68%
  • 61.43%
  • 30.14%
  • Motilal Oswal ELSS Tax Saver Fund-Dir (IDCW)
  • Stars
  • 3205.13
  • 7.70%
  • 9.11%
  • 29.33%
  • 59.79%
  • 27.24%

News

  • JM FInancial MF Announces change in benchmark index under its schemes JM FInancial Mutual Fund has announced change the benchmark index for the following schemes, with effect from 12 March 2024. Accordingly, the revised benchmark index will be:

    Changes in Benchmark:

    Name of Scheme Existing benchmark Revised benchmark
    JM Medium to Long Duration Fund CRISIL Medium to Long Duration Debt B-III Index CRISIL Medium to Long Duration Debt A-III Index
    JM Short Duration Fund CRISIL Short Duration Debt B-II Index CRISIL Short Duration Debt A-II Index
    JM Dynamic Bond Fund CRISIL Dynamic Bond B-III Index CRISIL Dynamic Bond A-III Index
    JM Low Duration Fund CRISIL Low Duration Debt B-I Index CRISIL Low Duration Debt A-I Index
    JM Liquid Fund CRISIL Liquid Debt B-I Index CRISIL Liquid Debt A-I Index

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 01-Jan-2013
  • Total AUM (Cr) ₹127.83

JM ELSS Tax Saver Fund - Direct (G) is an ELSS-oriented fund from the renowned AMC, JM Financial Mutual Fund. Launched in Jan 2013, this fund is managed by Gurvinder Singh Wasan. With assets under management (AUM) worth ₹127.83 (Cr), as of 12-Apr-2024, JM ELSS Tax Saver Fund - Direct (G) is categorized as a ELSS within its segment. The fund has generated a return of 18.01% since its launch.
The current NAV of JM ELSS Tax Saver Fund - Direct (G) is ₹46.76, as on 12-Apr-2024. The fund’s benchmark index is S&P BSE 500 TRI. You can invest in JM ELSS Tax Saver Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
1.00% - If redeemed / switched out within 60 days from the date of allotment. Nil - If redeemed/switched out after 60 days from the date of allotment.
The fund has generated 23.72% and 20.64% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 97.07% in Equity, 2.81% in Debt and 0.12% in cash and cash equivalents
The top 5 sectors the fund invests in are: 19.43% in Banks, 10.56% in IT-Software, 7.34% in Electrical Equipments, 5.90% in Construction and 5.59% in Finance.

FAQs on JM ELSS Tax Saver Fund - Direct (G)

JM ELSS Tax Saver Fund - Direct (G) is a popular fund in the ELSS segment. The fund has generated a return of 18.01% since inception. Looking to invest in JM ELSS Tax Saver Fund - Direct (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in JM ELSS Tax Saver Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, JM ELSS Tax Saver Fund - Direct (G)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in JM ELSS Tax Saver Fund - Direct (G) today and reap the benefits of this ELSS fund!

In the short term, i.e., 1 year, JM ELSS Tax Saver Fund - Direct (G) has generated annualised return of 47.63%. In the long-term, the fund has generated 23.72% and 20.64% in 3 and 5 years respectively. Since its inception, the fund has generated 18.01% returns.

The expense ratio of JM ELSS Tax Saver Fund - Direct (G) Direct Growth is 0.92%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of JM ELSS Tax Saver Fund - Direct (G) is ₹127.83 (Cr) as of 12 April 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of JM ELSS Tax Saver Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from JM ELSS Tax Saver Fund - Direct (G):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case JM ELSS Tax Saver Fund - Direct (G)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in JM ELSS Tax Saver Fund - Direct (G). Minimum lumpsum investment JM ELSS Tax Saver Fund - Direct (G) is ₹500 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of JM ELSS Tax Saver Fund - Direct (G) is ₹46.76 as on 12 April 2024.

The 5 biggest stock holdings of JM ELSS Tax Saver Fund - Direct (G) are:
HDFC Bank (5.23%), ICICI Bank (5.21%), Larsen & Toubro (4.56%), Infosys (4.01%), Tata Motors-DVR (2.96%)

A majority of JM ELSS Tax Saver Fund - Direct (G) 's AUM worth ₹127.83 (Cr) is invested in these 3 top sectors:

  • Banks: 19.43%
  • IT-Software: 10.56%
  • Electrical Equipments: 7.34%

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