JM Tax Gain Fund (Direct) - Growth

JM Tax Gain Fund (Direct) - Growth

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 45.17 as on 28-02-2024
Fund Performance
zero opening, trading, fund transfer fee
203 people have invested ₹ 6.8L in JM Tax Gain Fund (Direct) - Growth in the last three months

Mutual Fund Insights

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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 60.51% return, outperforming this fund by 13.58%.
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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.82% return, outperforming this fund by 12.88% per annum.
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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.26% which is lower than the category average expense ratio of 1.3%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.82% return, outperforming this fund by 12.95% per annum.
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Over the last 3 months, this fund has experienced a 25.7% growth in AUM moving from 91.18 Cr to 114.64 Cr.

INDmoney Rank of JM Tax Gain Fund (Direct) - Growth

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IND ranking is not available for this fund.

Pros

5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

About the JM Tax Gain Fund (Direct) - Growth

JM Tax Gain Fund (Direct) - Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Gurvinder Wasan, Asit Bhandarkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. JM Tax Gain Fund (Direct) - Growth has ₹115 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 1.3.

JM Tax Gain Fund (Direct) - Growth Overview

Expense ratio
Expense ratio
1.26%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹115 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
151.35%

JM Tax Gain Fund (Direct) - Growth Distribution as on (31-Jan-24)

  • Equity 99.4%

  • Debt & Cash 0.6%

Size breakup

Large cap
39.1%
Small cap
36.7%
Mid cap
23.5%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
26.5%
Tech
17.5%
Industrial
16.6%
Consumer Cyclical
13.7%
Basic Materials
8.7%
Consumer Defensive
5.9%
Health
4.4%
Real Estate
3%
Utilities
2.3%
Communication
1.5%

Top Holdings of JM Tax Gain Fund (Direct) - Growth as on (31-Jan-24)

  • Equity

Equity Holdings47

JM Tax Gain Fund (Direct) - Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
4.28%
5.77%
8.34%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 4.28% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund outperformed Nifty 500 by 2.57% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 106.9 Cr
₹ 100.1 Cr
₹ 100.1 Cr
  • AUM of the fund stands at 106.9 Cr as of Jan'24
  • AUM increased by 6.8 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in JM Tax Gain Fund (Direct) - Growth portfolio Returns for the month of Jan

JM Tax Gain Fund (Direct) - Growth Fund Manager

Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Tax Gain Fund (Direct) - Growth, since 1 December 2022
Asit Bhandarkar
Asit Bhandarkar
Fund Manager of JM Tax Gain Fund (Direct) - Growth, since 31 December 2021

JM Tax Gain Fund (Direct) - Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.97% since inception which is more than its category average return of 15.84%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.36% in Equity, 0% in Debt and 0.64% in Cash related instruments
AUM size ₹115 Cr

AUM size ₹115 Cr

This fund has AUM of ₹115 Cr which is less than its category average of ₹ 3382 Cr
Expense Ratio 1.26%

Expense Ratio 1.26%

This fund has an expense ratio of 1.26% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of JM Tax Gain Fund (Direct) - Growth is ₹45.17 as on 28-Feb-2024.
Existing (Absolute + CAGR) as on 28-Feb-2024.
JM Tax Gain Fund (Direct) - Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.1%
4.1%
6 Month Returns
20.35%
20.35%
1 Year Returns
44.85%
44.85%
3 Years Returns
78.49%
21.3%
5 Years Returns
164.79%
21.5%
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1.26% as on January 2024
₹115 Cr as on January 2024
ICICI Bank Ltd(4.48%), Larsen & Toubro Ltd(4.34%), Power Finance Corp Ltd(4.32%), Trent Ltd(3.06%), HDFC Bank Ltd(3.05%) as on January 2024
Financial Services(26.29%), Tech(17.42%), Industrial(16.47%) as on January 2024
The alpha ratio for the JM Tax Gain Fund (Direct) - Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
JM Tax Gain Fund (Direct) - Growth
11.04
2.65
2.79
As on January 2024
The alpha for JM Tax Gain Fund (Direct) - Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the JM Tax Gain Fund (Direct) - Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
JM Tax Gain Fund (Direct) - Growth
0.8
0.96
0.98
As on January 2024
The Beta for JM Tax Gain Fund (Direct) - Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the JM Tax Gain Fund (Direct) - Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
JM Tax Gain Fund (Direct) - Growth
2.57
1.26
0.83
As on January 2024
The sharpe ratio for JM Tax Gain Fund (Direct) - Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the JM Tax Gain Fund (Direct) - Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
JM Tax Gain Fund (Direct) - Growth
11.5
14.03
19.7
As on January 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.59 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.45 as on January 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Gurvinder Wasan, Asit Bhandarkar are the fund managers of JM Tax Gain Fund (Direct) - Growth
The Exit load of JM Tax Gain Fund (Direct) - Growth is 0%