JM Tax Gain Fund (Direct) - Growth
Get the latest NAV of JM Tax Gain Fund (Direct) - Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹61.16
1D
NAV as on 17 Aug 2026
17.09%/per year
Since Inception
▲▼
261 people have invested ₹ 9.5L in JM Tax Gain Fund in the last three months
JM Tax Gain Fund Performance vs. Nifty 500
Fund returns vs Benchmark returns vs Category Average returns as on (17-Aug-26)
The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.
JM Tax Gain Fund Ranking and Peer Comparison
Ranked based on performance, risk management and cost efficiency
Ranked 6 out of 30 mutual funds in the elss (tax savings) category as per INDmoney.
JM Tax Gain Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
JM Tax Gain Fund Asset Allocation
See fund asset allocation details as on (15-Aug-26)
Fund Distribution
as on (15-Aug-26)
JM Tax Gain Fund Sector Allocation
See fund sector allocation details as on (15-Aug-26)
Sector Allocation
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Tech
Financial Services
29%
Consumer Cyclical
19%
Tech
11%
Financial Services
29%
Consumer Cyclical
19%
Tech
11%
JM Tax Gain Fund Holdings Details
as on (31-Jul-26)
JM Tax Gain Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 1.29% |
Benchmark | BSE 500 India TR INR |
| AUM | ₹232 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹1,000 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 84.25% |
| Risk |   Very High Risk |
About JM Tax Gain Fund
JM Tax Gain Fund (Direct) - Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Satish Ramanathan, Ruchi Fozdar, Deepak Gupta, Asit Bhandarkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Tax Gain Fund has ₹232 Cr worth of assets under management (AUM) as on Aug 2026 and is more than category average.
- The fund has an expense ratio 1.3.
Returns
JM Tax Gain Fund has given a CAGR return of 17.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.14%, 18.33% and 16.13% respectively.
Holdings
JM Tax Gain Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Basic Materials, Health, Industrial, Real Estate, Consumer Defensive, Energy, Communication, Utilities. Its top holdings are HDFC Bank Ltd, Syrma SGS Technology Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Karur Vysya Bank Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of JM Tax Gain Fund
The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 1000.00. There is a lock in period for JM Tax Gain Fund of 3 Years
Fund Manager
Satish Ramanathan
Fund Manager of JM Tax Gain Fund, since 1 October 2024
Ruchi Fozdar
Fund Manager of JM Tax Gain Fund, since 4 October 2024
Deepak Gupta
Fund Manager of JM Tax Gain Fund, since 11 April 2025
Asit Bhandarkar
Fund Manager of JM Tax Gain Fund, since 31 December 2021
- AUM of the fund stands at 232.4 Cr as of Jul'26
- AUM has remained same between Jul'26 and Jun'26
Compare JM Tax Gain Fund
JM Tax Gain Fund
VS
SBI ELSS Tax Saver Fund
Frequently Asked Questions for JM Tax Gain Fund (Direct) - Growth
How do I invest in JM Tax Gain Fund?
- Download the INDmoney app.
- Search for ‘JM Tax Gain Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.